REGISTERED CHARITY NUMBER: 1150919
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2025
FOR
THE HARROP GREEN CHARITABLE TRUST
Cadishead Accountancy Services Limited Britannic House 657 Liverpool Road Irlam Manchester Lancashire M44 5XD
THE HARROP GREEN CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
THE HARROP GREEN CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2025
The trustees present their report with the financial statements of the charity for the year ended 5th April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objects are to support charitable causes by the making of grants. Requests for grants and donations are received by the trustees on an individual basis. The trustees consider the merits of each request and invest mainly in local charities, with particular emphasis on children, animals, health and social care.
Each year the trustees review the objectives and activities of the charity to ensure they continue to reflect the charity's aims and to provide a public benefit. The trustees are more than satisfied that they do. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the charity made a donation totalling £24,000 to Altrincham Grammar School for Boys to aid their AGSB Sport for all Campaign (2024: £0).
The results for the year are set out in the Statement of Financial Activities on page 4. Income for the year from investments was £28,141 (2024: £40,881.34). There has been an decrease in the stock market valuation of the investments (shares in PZ Cussons plc) during the year, however the trustees consider the performance of the investments to be satisfactory.
FINANCIAL REVIEW
Financial position
The trustees confirm that the charity's assets are available and adequate to fulfil its obligations as they fall due.
Principal funding sources
The trust's income is primarily in the form of dividends from its investments which were settled on it as endowment funds.
Investment policy and objectives
The charity has significant funds that are being held within investment funds. The trustees, who set the investment strategy, review it on an annual basis. The current strategy is to invest in low risk, blue chip shares, primarily PZ Cussons plc (see "Achievements and performance" above).
Reserves policy
It is the policy of the charity to maximise unrestricted funds, which are free reserves of the charity, to ensure that sufficient funds are available to cover grants and donations payable, and management and administration costs for the foreseeable future. Free reserves at the year end were £89,053 (2024: £86,250).
FUTURE PLANS
The trustees are aware that the need for aid seems never ending and they plan to continue doing what they can to assist. However the trustees realise they must use the resources they have wisely. They therefore intend to continue their approach of funding a mix of local charitable institutions
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Page 1
THE HARROP GREEN CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5TH APRIL 2025
The charity was established by a charitable trust deed dated 8 January 2013, on the settlement of property by Mr C N Green.
The trustees who served during the year and up to the date of signature of the financial statements were: Mrs A R Harrop Ms C M Green Mr J D Harrop
No trustees have any interest in the charity.
Recruitment and appointment of new trustees
The first trustees will serve until they resign. Subsequent trustees are appointed by the board and are appointed for a term of three years.
When new trustees are appointed, they are given an introduction to the work of the trust and provided with the information they need to fulfil their roles, which includes information about the role of trustees and charity law.
Organisational structure
The Harrop Green Charitable Trust is governed by a Board of Trustees, which meets at such times as circumstances require and covers all matters relating to policy and management. There are currently three trustees and all grants and donations payable are approved by them.
The trustees' report was approved by the Board of Trustees.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1150919
Principal address
22 Park Road Hale Altrincham WA15 9NN
Trustees
Mr J Harrop Ms C Burgess-Green Mrs A R Harrop
Independent Examiner
C S Farthing FMAAT Cadishead Accountancy Services Limited Britannic House 657 Liverpool Road Irlam Manchester Lancashire M44 5XD
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mr J Harrop - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HARROP GREEN CHARITABLE TRUST
Independent examiner's report to the trustees of The Harrop Green Charitable Trust
I report to the charity trustees on my examination of the accounts of The Harrop Green Charitable Trust (the Trust) for the year ended 5th April 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
C S Farthing FMAAT The Association of Accounting Technicians
Cadishead Accountancy Services Limited Britannic House 657 Liverpool Road Irlam Manchester Lancashire M44 5XD
Date: .............................................
Page 3
THE HARROP GREEN CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2025
| Notes INCOME AND ENDOWMENTS FROM Investment income 2 EXPENDITURE ON Charitable activities General Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 28,141 25,338 - 2,803 86,250 89,053 |
Endowment fund £ - - (93,019) (93,019) 674,585 581,566 |
5.4.25 Total funds £ 28,141 25,338 (93,019) (90,216) 760,835 670,619 |
5.4.24 Total funds £ 40,881 1,657 (785,584) (746,360) 1,507,195 760,835 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 4
THE HARROP GREEN CHARITABLE TRUST
BALANCE SHEET
5TH APRIL 2025
| Notes FIXED ASSETS Investments 5 CURRENT ASSETS Debtors 6 Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 8 Unrestricted funds Endowment funds TOTAL FUNDS |
Unrestricted fund £ - 11,725 81,738 93,463 (4,410) 89,053 89,053 89,053 |
Endowment fund £ 581,566 - - - - - 581,566 581,566 |
5.4.25 Total funds £ 581,566 11,725 81,738 93,463 (4,410) 89,053 670,619 670,619 89,053 581,566 670,619 |
5.4.24 Total funds £ 674,585 - 89,460 89,460 (3,210) 86,250 760,835 760,835 86,250 674,585 760,835 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr J Harrop - Trustee
The notes form part of these financial statements
Page 5
THE HARROP GREEN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 5.4.25 | 5.4.24 | |
| £ | £ | |
| Curr asset inv income | 28,141 | 40,881 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5th April 2025 nor for the year ended 5th April 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5th April 2025 nor for the year ended 5th April 2024.
continued...
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THE HARROP GREEN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025
| 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Investment income 40,881 EXPENDITURE ON Charitable activities General 1,657 Net gains/(losses) on investments - NET INCOME/(EXPENDITURE) 39,224 RECONCILIATION OF FUNDS Total funds brought forward 47,026 TOTAL FUNDS CARRIED FORWARD 86,250 5. FIXED ASSET INVESTMENTS MARKET VALUE At 6th April 2024 Revaluations At 5th April 2025 NET BOOK VALUE At 5th April 2025 At 5th April 2024 There were no investment assets outside the UK. Cost or valuation at 5th April 2025 is represented by: Valuation in 2025 |
Endowment fund £ - - (785,584) (785,584) 1,460,169 674,585 |
Total funds £ 40,881 1,657 (785,584) (746,360) 1,507,195 760,835 Listed investments £ 674,585 (93,019) 581,566 581,566 674,585 Listed investments £ 581,566 |
|---|---|---|
continued...
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THE HARROP GREEN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 8. MOVEMENT IN FUNDS At 6.4.24 £ Unrestricted funds General fund 86,250 Endowment funds Endowment 674,585 TOTAL FUNDS 760,835 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 28,141 (25,338) Endowment funds Endowment - - TOTAL FUNDS 28,141 (25,338) Comparatives for movement in funds At 6.4.23 £ Unrestricted funds General fund 47,026 Endowment funds Endowment 1,460,169 TOTAL FUNDS 1,507,195 |
5.4.25 £ 11,725 5.4.25 £ 4,410 Net movement in funds £ 2,803 (93,019) (90,216) Gains and losses £ - (93,019) (93,019) Net movement in funds £ 39,224 (785,584) (746,360) |
5.4.24 £ - 5.4.24 £ 3,210 At 5.4.25 £ 89,053 581,566 670,619 Movement in funds £ 2,803 (93,019) (90,216) At 5.4.24 £ 86,250 674,585 760,835 |
|
|---|---|---|---|
continued...
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THE HARROP GREEN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Endowment funds Endowment TOTAL FUNDS |
Incoming resources £ 40,881 - 40,881 |
Resources expended £ (1,657) - (1,657) |
Gains and Movement losses in funds £ £ - 39,224 (785,584) (785,584) (785,584) (746,360) |
|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| At 6.4.23 £ Unrestricted funds General fund 47,026 Endowment funds Endowment 1,460,169 TOTAL FUNDS 1,507,195 |
Net movement in funds £ 42,027 (878,603) (836,576) |
At 5.4.25 £ 89,053 581,566 670,619 |
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Gains and losses £ |
Movement in funds £ |
|---|---|---|---|---|
| General fund | 69,022 | (26,995) | - | 42,027 |
| Endowment funds | ||||
| Endowment | - | - | (878,603) | (878,603) |
| TOTAL FUNDS | 69,022 | (26,995) | (878,603) | (836,576) |
continued...
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THE HARROP GREEN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5th April 2025.
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THE HARROP GREEN CHARITABLE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2025
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2025 |
||
|---|---|---|
| 5.4.25 | 5.4.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Investment income | ||
| Curr asset inv income | 28,141 | 40,881 |
| Total incoming resources | 28,141 | 40,881 |
| EXPENDITURE | ||
| Charitable activities | ||
| Grants and donations made | 24,000 | - |
| Accountancy Fees | 1,200 | 1,440 |
| Computer Software | 138 | 217 |
| 25,338 | 1,657 | |
| Total resources expended | 25,338 | 1,657 |
| Net income | 2,803 | 39,224 |
This page does not form part of the statutory financial statements
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