THE HALPIN TRUST TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDING 31ST DECEMBER 2024
THE HALPIN TRUST FULL NAME OF CHARITY The Halpln Triist GOVERNING INSTRUMENT DeGlarallon of tiusl 05.10.2011 DATE OF REGISTRATION 21.01.2013 REGISTERED CHARITY NO. 1150540 TRUSTEES OF CHARITY DURING YEAR ENDING 31ST DECEMBIR 2022 Clalfe Halpin 12 Captain's Field Llanfrynach Brecon LD3 7BD Susle Hllls Ellcn House 16 Deep Lane Ciedllon EX17 2BX Dr Thomas (Tom) Samuel Weslpercoll Burdilt 19, The Row Sllverdale Carnfortli Lancashlre LA5 OUG Professor Nlcliolas Jose Talbot 1 Eastdon Coltages Orchard Lane Eastdon Slarcr088 Devon EX6 8RL PRINCIPAL ADDRESS Winckwortl) sheood LLP Arbor 255 Blackfiiars Road London SE19AX SOLICITORS TO THE CHARITY Winckworth SheNood LLP BANKERS TO THE CHARITY HSBC PLC Winckworth SheOOd LLP Client cuirenl and deposil accounts INDEPENDENT EXAMINER Mr Phillip Dolman Chartered Accountanl Thc Mews Hounds Road Chlpping Sodbury Biistol BS37 6EE
AREA OF BENEFIT Grai)t makiiig charity. Tlie Iriislees intend to focus their supporl upon three inain areas: 1) Enviroiimenl and consewglion Specifically the pioleclion of wildlife habllat and syslems conservallon rather tlian individual specie8. The Iwstees are nterested in Ihe social issues wliich are leadiwlg to the habilal deslruclion bul Ihfty are more Ilkely lo be Inleresled In smaller scale, localised issues rather than global sustainabilily issues relaling lo policy making, economics 8tc. 2) Educat. Focussed uri lackling poinls ofdisadvanlage and providing opporlLinily for iileritlabilily lo overcoime dlsadvanlage. 3) Health Similar principles apply as Iliose guiding Ihe olher areas. Medical research Is of particular interest. INVESTMENT POWERS Wide - nolhlng In the Tiust Deed testrlcts or excludes the exercise by the trustees of Ihe powers glven by tlie Trustee AGt 2000 as regards invostment. APPOINTMENT OF TRUSTEES Trustees (by r8solulloii>. RISKS The Charlty Is exposed lo Iluctuatlons In the slock market. In selecting Inveslmenls the Irustees follow advice given by Ruffer LLP, subject to IheSr scrullny of eacli half yearly report. FUYURE PLANS The Charlly wlll conlinue to make granls in accorda11 with the objects of lh& constitulion. eob ecls of the charlt To apply Ihe Incoine and all or such part or parts of the capital at such limes and In such manner to or for lh8 benefit of such exclusSvely charilable objects and purposes (regarded as charltable under the laws of England and Wales) ii) any part of the world as the tnistees thiiik fil. The funds aTe for general dislributlon and there are no endowmenls. Pollcles and or anlsatlon of the charit In practlce, It is Ihe pollcy of the trustees to expend Ihe income and capilal of Ihe tiust for such charilable purposes.
Publlc benef it
The Irustees have made giants oul of Ihe InGome of Ihe tiust in Iiiifilnienl of the objects of the
trust. During 2023 grants were made lo various charities. The trustees have paid due règard
to the Charity Conimission's giiidance on public benefil in declding whal activities Ihe Halpln
Trust should undortake.
Matorial chan
es In the charit
olicies and or
ai)isation duriii
the
ear
There were no material changes in the charily's policies and organisalion duiing the year.
Iiivestment olic
and erfoymance
Investment aclivilies are managed in line wilh the requlremenls of Ihe Trust8e Act 2000. The
tTuslees have coiilinued lo appoinl Ruffer LLP as inveslmenl manager allowing iheim to
manage the portfollo uslng their dlscrellon. Thc Iruslees. inveslinent policy Is blased towards
incoma and to provide equilibrlum between capital growth and income.
Tliere is cuyrenlly a holdlng of 65,373,554 L F Ruffei Total Reluri) Fund as at 31 December
2024.
The valu8 of the portfollo has decreased to £208,129.00 represenling a decrease of 3.84%
on Ilke for like basls.
Ruffer LLP revlew the portfollo on an ongoing basss and report to the truste8s Iwlce a year
and as and when approprlate.
FinaTiclal
081
lon of tho charlt
Ruffer LLP have conllnLied to advise the tiustees on lh6 trust POTlfolio, which has b8en
revlewed by Ihem on a half yearly basis, and as and when the need arises.
R¢vSow of th
accounts for the
ear endln
316
December 2024
The flnanclal 9talements comply wllh the Charllle8 Act 2011, Ihe Coinp8nles Act 2008 and
Ihe AGcounling and Reporting by Charilies, Slalement of Recommended Praclice (SORP)
appllcable lo charllles preparlng thelr accounls In accordan wllh the Finandal Reportlng
Standard appllcable In the UK and Republic of Iland (FRS 102)
rinancial stalemenls compty wlih the CharRies AGI 2011, Ihe charity (accounts and reports) Regulatlon5 200B and Ihe provislons ol the Irusl deed. Tliey are also responsible for safeguarding Ihe assets of fhe charily and hence for laking reasonable steps for the pravenllon aiid deiectlon of fraud and other Irregularities. O cknb<r 2ozl- Clair8 Halpli) On behall of all the trustoes Datod
THE HALPIN TRUST ARe istered Charit No. 1150540 ACCOUNTS FOR THE PERIOD 1 JANUARY 2024 TO 31 DECEMBER 2024
THE HALPIN TRUST ACCOUNTS FOR THE PERIOD 1 JANUARY 2024 TO 31 DECEMBER 2024 CONTENTS PAGE REPORT TO THE TRUSTEES AUDIT REPORT GENERAL INFORMATION ACCOUNTS Balance Sheet Statement of Financial Activities Capital Account Income Account Schedule of stocks and shares
THE HALPIN TRUST CHARITY NO. 1150540 YEAR ENDED 31 DECEMBER 2024 Independent examiner's report to the trustees of "The Halpin Trust" I report on the accounts of the Trust for the year ended 31 Dember 2024, which are set out on pages 4 to 8. Respective responsibilities of trustees and examiner The Charity's trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year under section 144{2) of the Charities Act 2011 (Ihe 2011 Act) and that an independent examination is needed. It is my responsibility to examine the accounts under section 145 of the 2011 Act; to follow the procedures laid down in the general Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act; and to state whether particular matters have come to my altenlion. Basis of independent examiner's report My examination was carried out in accordan 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 Gonsideration of any unusual items or disclosures in Ihe accounls and seeking explanations from you as trustees Conrning any such matters. The procedures undertaken do not provide all Ihe 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 malters set out in the stalement 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 Ihe requirements.. to keep accounting records in accordance with section 130 of the 2011 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. Name: Mr Phillip Dolman Relevant professional qualification or body: Chartered Accountant Address: The Mews, Hounds Road, Chipping Sodbury, Bristol BS37 6EE. Signature: Date:
THE HALPIN TRUST GENERAL INFORMATION TRUSTEES: Claire Halpin Susie Hills Dr Thomas Samuel Weslpercoll Burditi Prof. Nicholas Jose Talbol DECLARATION OF TRUST: 5 October 2011 OBJECTS OF THE CHARITY: To apply Ihe Income and all or suth part or parts of Ihe capital al suth limes and in suth manner to or for the ben8fit of suth exclusively charitable objects and purposes {regarded as charita& under Ihe laws of England and Wales) in any part of the world as the Trustees think fit. AREA OF BENEFIT: 11 is inlend8d Ihal Ihe charity wll operate nationally, however the Truslees are able to apply Injsl lunds In any part of Ihe world as Ihe Trustees Ihink fil. SOLICITORS: WlnckvKA1h Sh&r¥thd LLP Aor 255 Blacklriars Road London SE19AX INVESTMENT MANAGER.. Ruffer LLP 80 Wiclorla Streel London SW1E 5JL TRUSTEES. RESPONSIBILITIES . Law applicable lo charities in England and Wales requires Ihe INslees lo prepare Ihe Tnjslees, Annual Report and financlal siatemenls for each financlal y8ar whlch g5ve 8 true and fair view of the charittys financial aclivilies during the year and of tts financial position al the end ol the year. In preparing linanclal slgtemenls givlng a Irue and falr vi8W, the Twstees should follow besl pracli¢e and: Select suitable 8ccounling policies and then apply them c(sIstenI1y. Make judgements and estimates thal are reasonable and pnjdenl. Prepare the financial slatemenls on the going concem basls unless it is inappropriate to presume Ihat the chaTity wryll conllnue In operation. The Truste88 are responsible for keeping accnunting records which disclose 1th reasonable accuracy Ihe financial posillon of Ihe charily and which enable them lo ensure that the rInanal sialements comply wilh Iho Injsl deed. They are also responsible for safeguarding Ihe assets of the charity and hence for laking reasonable sleps for the preventlon and detection of fraud and other iThegularilies.
THE HALPIN TRUST BALA CE SHEET SAT 31 DECEMBER 2024 2024 2023 CAPITAL ACCOUNT (Page 6) 0.00 {9,052.79) INCOME ACCOUNT (Page 7) 279,886.10 285.388.43 £279 886.10 £276 335.64 This Is represented by:. Stocks and shares at markat value (page 8) (Book cost at 31.12.2024 was £214,360) 206,129.35 214,359.88 Capltal cash held by Winckworth Shefwood 0.00 68,917,65 Incorne cash held by Wlnckworth Sherwood 3,059.77 1,367.16 Capltal cash held by Ruffers 1.75 1.74 DEBTORS 0.00 0.00 Glft Ald 71.265.23 0.00 CREDITORS (570.00) (8,310.79) £279 886.10 £276 335.64 l approve the accounts of the Trust In respect of the year ended 31 December 2024 as set out on pages 1 to 8 on behalf of all the trustees. Claire Halpin
The H81 In Trust ST TEMENTOF FINA CIAL MT ES FOR THE YEAR ENDING 31ST DECEM8ER 2024 2024 Ca 2024 ncome 2024 2023 Total Funds Total Funils Income and Ex Inconiin resources Investment incoma- (Page 8) Glft from ClalT8 Halpln Wlnckowmh Shetwood- gross Inleresl Glll Iiom Dr Andraw Leonard Gift Aid Transfer 0.00 270.540.00 0.00 80.00 0.00 80.099.61 350 719.51 4.361.20 0.00 691.70 0.00 71.265.23 80.099.51 3 781.38 4,361.20 5,698.14 270.540.00 275.504.00 691.70 0.00 80.00 80.00 71.265.23 47.500.00 0.00 0.00 346 938.13 328 782.14 Rèsourees used eclc ar labl8 ex enditure Dlslrlbulions mad8 (pagos 6 & 7) Olher expendllure AdmlnlslralKJn costs 327,703.35 0.00 5,732.84 0.00 327.703.35 374.648.00 0.00 0.00 0.00 1,720.95 7,453.79 8,310.79 Total resourcos used Nel Incomln ou oln lor thè 8aT Galns and losses on Inveslmanls=. Reallsgd Unr8alls6d 333.436.19 1 720.95 335 157.14 382 958.79 re80urce 17.283.32 15.502.33} 11.780.99 154.176.65) 0.00 6 230.53 0.00 0.00 0.00 8 230.53 12,355.33) 19 937.05 N8 movem8n In funds Balances brought forward 81 1st January 2024 9,052.79 15.502.33) 3,550.46 {76,469.03) 19,052.79) 285,388.43 276,335.64 352,804.67 Balances carrled forward at 31st O¢eèrnbèr 2024 £0.00 £279 886.10 £279 886.10 £276 335.64
THE HALPIN TRUST CAPITAL ACCOUNT FOR THE PERIOD I JANUARY 2024 TO 31 DECEMBER 2024 2024 2023 Balan broughl forward as al 1 January 2024 {9.052.79) 118.671.68 Add:_ Gift from Dr Andrew Leonard 80.00 80.00 Transfer of funds from Claire Halpin 270,540.00 275,504.00 Loss on sale of stocks and shares (page 8) 0.00 {2,355.33) Revaluation of stoGks and shares (page 8) {8,230.53> (19,937.05) Transfer from Inme 80,099.51 0.00 333,436.19 371,963,30 Less:. Legal, accounlancy, taxallon and administration charges and disbursements 4,302.37 4,856.74 VAT thereon 860.47 971.36 Phillip Dolman - Independent examiner fees 475.00 450.00 VAT thereon 95.00 90.00 Donation to Curlew Recovery South Lakes Donalion to Wildflower Colleclive CIC Donation to Farms for City Children Donalion to The Species Recovery Trust Donation to Morecambe Bay Partnership Donation to University of Exeler Donation to Bristol Avon Rivers Trusl Donation to Bristol Avon Rivers Trust Donalions to Devon Wildlife Trust Donation to Northern Roots LTD Donalion to Getgenome 11,500.00 8,009.00 30,000.00 25,000.00 0.00 96,478.35 0.00 0.00 48,500.00 100,000.00 8.216.00 0.00 0,00 31,512.00 22,550.00 108,318.00 34,157.00 52,775.00 9,916.00 0.00 115,420.00 0.00 Balance carried fop¥vard as al 31 December 2024 £0.00 £9 052.79
THE HALPIN TRUST INCOME ACCOUNT FOR THE PERIOD 1 JANUARY 2024 TO 31 DECEMBER 2024 2024 2023 Balance brought forward as to 1 January 2024 285,388.43 234,132.99 Dividends received (see page 8) 4,361,20 5,698.14 Winckworth Sherwood - gross interest 691.70 0.00 HMRC Refund - Gift Aid 71,265.23 47,500.00 361,706.56 287,331.13 Legal, accountancy, taxation and administration charges and disbursements 1,434.13 1,618.92 VAT thereon 286.83 323.78 Transfer to capital 80,099.51 0.00 Balance carried forward as at 31 December 2024 £279,886.10 £285,388.43
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