Charity registration number: 1149358 The Hunting Horn General Charitable Trust Annual Report and Financial Statements for the Year Ended 31 May 2025 ## **The Hunting Horn General Charitable Trust** ## **Contents** **----- Start of picture text -----**
Reference and Administrative Details 1
Trustees' Report 2
Trustees' responsibilities 3
Independent examiner's report 4
Statement of financial activities 5
Balance Sheet 6
Notes to the financial statements 7 to 12
**----- End of picture text -----**
## **The Hunting Horn General Charitable Trust Reference and Administrative Details** |**Charity name**|The Hunting Horn General Charitable Trust| |---|---| |**Charity registration number**|1149358| |**Registered office**|3 Adams Road, Cambridge.| ||CB3 9AD| |**Trustees**|Mr S D Jackson| ||Mr M J Oldfield| |**Bankers**|Weatherbys Private Bank| ||Sanders Road| ||Wellingborough| ||NN8 4BX| ||Cazenove Capital| ||1 London Wall Place| ||London| ||EC2Y 5AU| |**Accountant**|Burdett King Accountancy Limited| ||8 The Hamiltons| ||Newmarket| ||CB8 0NF| Page 1 ## **The Hunting Horn General Charitable Trust** ## **Trustees' Report** The Trustees present their report together with the financial statements of the Trust for the year ended 31 May 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 and comply with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland published on 1 January 2019. ## **Structure, governance and management** The Trust was established by a Deed of Declaration made 17 May 2012 and registered with the Charity Commission under reference 1149358 on 17 October 2012. ## **Objectives and activities** The Trust's objectives are to apply income and capital of the Trust Fund, at the discretion of the Trustees, to benefit and support general charitable purposes. ## **Achievements and performance** The assets of the Trust are invested in short term deposits and fixed asset investments. At the balance sheet date the Trust's accumulated funds amounted to £5,714,288 (2024 - £7,010,933). ## **Trustees** The Trustees in office during the period are listed on page 1 of this report. The power to appoint new Trustees rests with the current Trustees. As new Trustees are appointed, they receive appropriate briefing on the objectives of the Trust, and the duties and powers of the Trustees. The Trustees have unrestricted power of investment. ## **Public benefit statement** The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy for the year. ## **Financial review and reserves policy** The Trustees are satisfied with the position regarding reserves, and that there are sufficient funds available to carry out the Trustees' aims. ## **Investment Policy** The Charity’s investments are actively managed by Cazenove Capital Management, for capital growth. The Trustees appreciate this can only normally be with higher risk investments. Page 2 The Hunting Horn General Charitable Trust Trustees, Responsibilities in relation to the Financial St8temcntS The tTUStecs Are responsible for preparing ihe Trusiecs, R¢w)rt and thc fjnancial siaiejnents in accordance wilh applicable law and Unitrd Kingdorn Accouniing Siandards IUni¢ed Kingdom Gen¢rally Aecepied Accounting Praclicel. Thc law applicable ￿ chariiies in England and Wale5 requircs th¢ irustc¢s io pr¢par¢ financial 51aletnenis for each r)nur)cial year whi¢h give a irue and fair view of ihe siatc of atrairs of ihc charity and of the incorning resour¢¢s lind applicaiion ofr¢souri¥s (¥f th¢ chariiy for ihal period. In preparing thesc financial 5talerncn15, lh¢ trusi¢¢s are r¢quired to.. select 5Ujtable accountiThg policie5 and ihen apply ihem cons151ently.' observe the methods and principles in ihe ChaTiti¢s SORP: make jud¥emenis and cstimatcs that are rcasonablc and prudcni,. SVdt¢ whLihLT appli¢abl¥ #Lcouniing? %tandards liav¢ bc¢n followed. subj¢¢i to any material deparlurcs disclosed and explained in ihc financial slatcmlnis: and pr¢par¢ thL. financial statements on ihe conlcrn basis unlc5S it 15 inappropriate io prLsumc that th¢ charity will continue in busincss. I'hc tru51ccs are rcsponsiblc for kccping propcr accounting rccords ihui disclose wilh rcasonabl¢ accura¢y at any timL ¢hc finanLial ￿)5111￿￿ of IhL charity and Lnabl¢ ihLin i() cn%urL Ihat thc finAncial biaicincnts Comply with Ilie Charilic& Aci 2011. thc C.harily (Accounls Und RLpofi%l KLgTuI4Llions 2008 and IhL provisiuns tsf ihL Irusl dL'L,d. 'hcy arc r¥sponsibl¢ for saf¢giuarding ihe asscls of ihc charity and hcncc for takin¥ reasonable sicp$ for ¢he prcvcniion and dclcction fraud and other irrcxulAriiics. This annuAI reJx)rt was approvcd by the TrustcLs on 24 March 2026 and signcd on ihcir b¢knif by or and on b¢half of thc 'l'rustces Mr g"1) Jackson 'I'ru51ec Pagc 3 ## **Independent Examiner's Report to the Trustees of** ## **The Hunting Horn General Charitable Trust** I report on the accounts of the Trust for the year ended 31 May 2025, which are set out on pages 5 to 12. ## **Respective responsibilities of trustees and examiner** The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011(the 2011 Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act; and - state whether particular matters have come to my attention. ## **Basis of independent examiner's report** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: - (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 130 of the Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ......................................... Lisa King Burdett King Accountancy Limited 8 The Hamiltons Newmarket CB8 0NF 24 March 2026 Page 4 ## **The Hunting Horn General Charitable Trust Statement of Financial Activities for the Year Ended 31 May 2025** |**Note**
**Incoming resources**
Incoming resources from generated funds
Voluntary income
2
Investment income
3
Total incoming resources
**Resources expended**
Costs of generating funds
Investment management costs
4
Charitable activities
Governance costs
6
Total resources expended
Net outgoing resources before other recognised gains
and losses
**Other recognised gains/losses**
(Losses)/gains on investment assets
Net movements in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Unrestricted**
**Funds**
**£**
-
48,536
48,536
13,770
1,072,933
5,701
1,092,404
(1,043,868)
(252,777)
(1,296,645)
7,010,933
5,714,288|**Total Funds**
**2025**
**£**
-
48,536
48,536
13,770
1,072,933
5,701
1,092,404
(1,043,868)
(252,777)
(1,296,645)
7,010,933
5,714,288|**Total Funds**
**2024**
**£**
67,759
116,333| |---|---|---|---| ||||184,092| ||||9,773
274,653
1,298| ||||285,724| ||||(101,632)
998,917| ||||897,285
6,113,648| ||||7,010,933| All incoming resources and resources expended derive from continuing activities. The notes on pages 7 to 12 form an integral part of these financial statements. Page 5 The Hunting Horn (yeneral Charitable Trust Balance Sheet as at 31 May 2025 2024 Note Fixed a55et$ Inve5tmcnis 5,200,924 5,453.701 Current assets Cash Al bank and in hand 514,174 1,558,027 ('.reditor5: Amounts fllllng due within onc year 10 1810) 1795) et current Assets 513,364 1.557.232 N¢¢ 4sge¢s 5,714.288 7.010.933 I'he fund5 of tht charlty: I,'nrestrleted funds Rcvaluaiion re￿r¥C Ilnr¢stri¢t¢d in¢om¢ funds ot*1 unre5trlct*d 4.467.373 1.246.915 5.714,288 4.720.150 2.290.78.1 7.010,9.33 1otal rharity fund5 5.714.288 7.010,933 Approved by lh¢ Board on 24 March 2026 and 518n¢d on 115 bchRif by.. Mr S D Jackson l-rust¢¢ I'he not¢5 on pag¢5 7 to 12 form an intC8ral part of thc5e finanrial staicm¢nts. Page 6 **Notes to the Financial Statements for the Year Ended 31 May 2025** ## **The Hunting Horn General Charitable Trust** ## **1 Accounting policies** ## **Basis of preparation** The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 1 January 2019 and the Charities Act 2011. The charity has taken advantage of certain exemptions, related to small entities, under section 1A of the SORP. The charity constitutes a public benefit entity as defined by FRS102. ## **Fund accounting policy** Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity. Further details of each fund are disclosed in note 12. ## **Incoming resources** Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Incoming resources from tax reclaims are included in the statement of financial activities at the same time as the gift to which they relate. Investment income is recognised on a receivable basis. ## **Resources expended** Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Costs of generating funds are investment management fees. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Grants payable are payments made to third parties in the furtherance of the charitable objectives. Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specific service or output. Grants payable without performance conditions are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity. Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. Page 7 ## **The Hunting Horn General Charitable Trust** ## **Notes to the Financial Statements for the Year Ended 31 May 2025** _......... continued_ ## **Governance costs** Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters. ## **Investments** Fixed asset investments are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the statement of the financial activities in the period of disposal. Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the statement of financial activities based on the market value at the year end. ## **2 Voluntary income** |**Donations and legacies**
Appeals and donations
Gift Aid tax reclaimed|**Unrestricted**
**Funds**
**£**
-
-
-|**Total Funds**
**2025**
**£**
-
-
-|**Total Funds**
**2024**
**£**
56,607
11,152| |---|---|---|---| ||||67,759| ## **3 Investment income** Income from listed investments Interest on cash deposits |**Unrestricted**
**Funds**
**£**
7,886
40,650
48,536|**Total Funds**
**2025**
**£**
7,886
40,650
48,536|**Total Funds**
**2024**
**£**
7,626
108,707| |---|---|---| |||116,333| ## **4 Investment management costs** Administration of investments |**Unrestricted**|**Total Funds**|**Total Funds**| |---|---|---| |**Funds**|**2025**|**2024**| |**£**|**£**|**£**| |13,770|13,770|9,773| Page 8 ## **The Hunting Horn General Charitable Trust Notes to the Financial Statements for the Year Ended 31 May 2025** _......... continued_ ## **5 Details of charitable activities** |**Details of charitable activities**||||| |---|---|---|---|---| |Charitable activities
Grants paid
Goods donated
**Grantmaking**|**Activities**
**undertaken**
**directly**
**£**
17,024
-
-
17,024|**Grant funding**
**of activities**
**£**
-
894,623
161,286
1,055,909|**2025**
**£**
17,024
894,623
161,286
1,072,933|**2024**
**£**
41,173
229,113
4,367| |||||274,653| |||||| |**Name of Institution**
British Red Cross
CAMFED
Eden Baptist Church
Great Ormond Street Hospital
Jesus Lane Trust
Mandritsara Trust
Orchid Cancer
Princess of Wales Hospital, Bridgend
Royal Commonwealth Society for the Blind
St Mary's Church, Cambridge
The Gate Church - Micah
University of Cambridge
Winter Comfort
Birmingham Pastor
Grace Church, Cambridge
Gt Victoria Street Baptist Church
Computer equipment - donated goods|**Grants paid**
**2025**
1,000
70,000
223,373
1,814
59,467
219,800
-
-
10,000
36,820
-
120,000
5,000
32,284
44,000
71,065
161,286
1,055,909|**Grants paid**
**2024**
**£**
1,000
70,000
15,384
5,819
35,809
21,600
200
100
10,000
43,200
10,000
1,000
5,000
-
-
-
4,367| |---|---|---| |||233,480| Page 9 ## **The Hunting Horn General Charitable Trust Notes to the Financial Statements for the Year Ended 31 May 2025** _......... continued_ ## **6 Governance costs** |Independent examiner / Auditors' remuneration
Legal and professional costs
Bank charges|**Unrestricted**
**Funds**
**£**
790
4,560
351
5,701|**Total Funds**
**2025**
**£**
790
4,560
351
5,701|**Total Funds**
**2024**
**£**
1,108
-
190| |---|---|---|---| ||||1,298| ## **7 Trustees' remuneration and expenses** None of the trustees were paid any remuneration or expenses by the charity during the year or during 2024. ## **8 Net outgoing resources** Net outgoing resources is stated after crediting: **2025 2024 £ £ £ £** Page 10 **The Hunting Horn General Charitable Trust** **Notes to the Financial Statements for the Year Ended 31 May 2025** _......... continued_ ## **9 Investments held as fixed assets** |**Market value**
As at 1 June 2024
Unrealised and realised gains
As at 31 May 2025
**Net book value**
As at 31 May 2025
As at 31 May 2024
**Gains (losses) on revaluations and disposal of investment assets**
**2025**
£
Unrealised
(252,777)
Realised
-
(252,777)
**Analysis of investments**
Investments are revalued at values determined by the charity's fund managers,
Cazenove Capital. Investments held within the portfolio that exceed 5% of the total
valuation are;
**2025**
Scottish Mortgage Investment Trust
35%
JPM Eur 70
15%
RBC $ Call AMZN
50%
100%
All investment assets were held outside of the UK.
**10**
**Creditors: Amounts falling due within one year**
**2025**
**£**
Accruals and deferred income
810|**Listed**
**investments**
**£**
5,453,701
(252,777)
5,200,924
5,200,924
5,453,701
**2024**
£
715,671
283,256| |---|---| ||998,927| ||**2024**
30%
28%
42%| ||100%| ||**2024**
**£**
795| Page 11 ## **The Hunting Horn General Charitable Trust Notes to the Financial Statements for the Year Ended 31 May 2025** _......... continued_ ## **11 Related parties** ## **Controlling entity** The charity is controlled by the trustees. ## **Related party transactions** There are no related party transactions that require disclosure. ## **12 Analysis of funds** |**General Funds**
Unrestricted income fund
**General funds**
Unrestricred income fund|**At 1 June**
**2024**
**£**
7,010,933
**At 1 June**
**2023**
**£**
6,113,648|**Incoming**
**resources**
**£**
48,536
**Incoming**
**resources**
**£**
184,092|**Resources**
**expended**
**£**
(1,092,404)
**Resources**
**expended**
**£**
(285,724)|**Other**
**recognised**
**gains/losses**
**£**
(252,777)
**Other**
**recognised**
**gains/losses**
**£**
998,917|**At 31 May**
**2025**
**£**
5,714,288
**At 31 May**
**2024**
**£**
7,010,933| |---|---|---|---|---|---| ## **13 Net assets by fund** |Investments
Current assets
Creditors: Amounts falling due within one year
Net assets|**Unrestricted**
**Funds**
**£**
5,200,924
514,174
(810)
5,714,288|**Total Funds**
**2025**
**£**
5,200,924
514,174
(810)
5,714,288|**Total Funds**
**2024**
**£**
5,453,701
1,558,027
(795)| |---|---|---|---| ||||7,010,933| Page 12