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← The Holroyd Foundation

2024-03-31-accounts

REGISTERED CHARITY NUMBER: 1156845

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE HOLROYD FOUNDATION

Clarke Nicklin LLP Chartered Accountants Clarke Nicklin House Brooks Drive Cheadle Royal Business Park Cheadle Cheshire SK8 3TD

THE HOLROYD FOUNDATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

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Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Cash Flow Statement 7
Notes to the Cash Flow Statement 8
Notes to the Financial Statements 9 to 17
Detailed Statement of Financial Activities 18
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THE HOLROYD FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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).

Formation of the Trust

The Trust was established by a Trust Deed dated 12 February 2014 and was registered with the Charities Commission.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the Trust, as set out in the Trust Deed, are such purposes as shall be exclusively charitable as the Trustees at their absolute discretion from time to time think.

Public benefit

The Trustees have had regard to the guidance contained in the Charity Commissioners General Guidance on public benefit when reviewing their aims and objectives. They consider that the broad range of organisations assisted demonstrates a wide public benefit and that the Trust satisfies the Commission's requirements on public benefit.

Grant-making Policy, Aims and Objectives

(1) The objects of the Trust are furthered by the making of grants from the income of the Trust.

(2) The Trustees support a number of charities by way of regular annual grants, but otherwise the Trustees aim where possible to award grants for specific projects as opposed to general running costs. In this way the Trustees aim to assist charities to achieve particular objectives such as acquiring or replacing essential equipment or extending the scope of the benefits which they provide. In making grants the Trustees are particularly concerned to establish that projects are viable. Accordingly grants are awarded subject to such conditions as to funding or otherwise as the Trustees consider appropriate and payment is deferred until the conditions are satisfied. If these cannot be fulfilled the grant is cancelled.

(3) The Trustees policy is generally to award modest grants to a relatively large number of bodies rather than a few large grants. The charities supported cover a wide range of activities. In this way the Trustees aim to provide for a wide variety of needs of persons resident in the geographical area of the Trust.

(4) There is no fixed apportionment of grants; each application is dealt with on its merits. If a grant is for a specific project, the recipient is asked to confirm when the project is completed.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The grants made during the period are listed in Note 7 to the financial statements. Grants approved totalled £231,712 (2023: £2,676,907) and assisted over 20 organisations. Significant grants are monitored for one year after the grant has been made.

Page 1

THE HOLROYD FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

FINANCIAL REVIEW

Financial position

Income and expenditure

(1) The Trust received £2,235 (2023: £7,232) investment income, £110,472 (2023: £110,000) in donations and £Nil (2023: £2,125,390) from fundraising in the year and there was a loss on investments of £4,400 (2023: £30,108).

(2) Grants totalling £231,712 (2023: £2,676,907) were approved in the period.

Reserves policy and future plans

The trustees intend to apply all of the Trust’s assets to charitable purposes over the next five years.

Investment Management

The Trust has delegated the day to day management of its investments to Artorius Wealth Investment Managers. The management fee basis is a fixed percentage of assets under management.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Charity constitution

The minimum number of Trustees is three. Trustees are appointed by resolution of the existing Trustees, at any time, for terms of office of three years. Trustees may be re-appointed at the end of the term of office.

The aim of the Trustees in making appointments is to have a range of skills, qualifications and experience suited to achieving the objects of the Trust.

The Trustees meet at least twice a year and make all decisions regarding investments and payment of grants.

On appointment, Trustees are provided with a copy of the Trust Deed, the most recent financial statements and investment reports and minutes of Trustees meetings. The experience of the persons appointed usually means that they have a good understanding of the responsibilities of a charity trustee, but where necessary guidance is available from the Trust"s solicitors. Relevant Charity Commission publications are also available to the Trustees.

Risk management

The Trustees have considered any risks to which the Trust might be exposed and are satisfied that the administrative, investment and financial procedures which are in place, minimise the risk of any loss to the Trust. The position is reviewed regularly by the Trustees.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1156845

Principal address

Abbots Moss Hall Tarporley Road Oakmere Northwich Cheshire CW8 2ES

Page 2

THE HOLROYD FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Trustees

C W Holroyd J F Kay J C Roberts J R Holroyd J A Ankers

Independent Examiner

Graham Travis FCA Clarke Nicklin LLP Chartered Accountants Clarke Nicklin House Brooks Drive Cheadle Royal Business Park Cheadle Cheshire SK8 3TD

Solicitors Molesworths Bright Clegg 17 Yorkshire Street Rochdale OL16 1BH

Bankers

C Hoare & Co 37 Fleet Street London EC4P 4DQ

Investment Managers Artorius Wealth 2nd Floor, The Boardwalk 21 Little Peter Street Manchester M15 4PS

Approved by order of the board of trustees on ............................................. and signed on its behalf by: 17/12/2024

................................................................. J A Ankers - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HOLROYD FOUNDATION

Independent examiner's report to the trustees of The Holroyd Foundation

I report to the charity trustees on my examination of the accounts of The Holroyd Foundation (the Trust) for the year ended 31 March 2024.

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:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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.

Graham Travis FCA

Clarke Nicklin LLP Chartered Accountants Clarke Nicklin House Brooks Drive Cheadle Royal Business Park Cheadle Cheshire SK8 3TD

Date: ...........................................17/12/2024

Page 4

THE HOLROYD FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
5
Charitable activities
6
Grants payable in furtherance of charity's
objectives
Support Costs
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
110,472
-
2,235
112,707
1,456
231,712
14,240
247,408
(4,400)
(139,101)
107,750
(31,351)		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-		 2024
Total
funds
£
110,472
-
2,235
112,707
1,456
231,712
14,240
247,408
(4,400)
(139,101)
107,750
(31,351)		 2023
Total
funds
£
110,000
2,125,390
7,232
2,242,622
405,302
2,676,907
16,714
3,098,923
(30,108)
(886,409)
994,159
107,750

The notes form part of these financial statements

Page 5

THE HOLROYD FOUNDATION

BALANCE SHEET 31 MARCH 2024

Notes
FIXED ASSETS
Investments
11
CURRENT ASSETS
Cash at bank
CREDITORS
Amounts falling due within one year
12		 Unrestricted
Restricted
fund
fund
£
£
26,608
-
1,440
-
(59,399)
-		 Unrestricted
Restricted
fund
fund
£
£
26,608
-
1,440
-
(59,399)
-		 2024
Total
funds
£
26,608
1,440
(59,399)		 2023
Total
funds
£
203,356
28,393
(123,999)
NET CURRENT ASSETS/(LIABILITIES) (57,959) - (57,959) (95,606)
TOTAL ASSETS LESS CURRENT
LIABILITIES		 (31,351) - (31,351) 107,750
NET ASSETS (31,351) - (31,351) 107,750
FUNDS
13
Unrestricted funds		 (31,351) 107,750
TOTAL FUNDS (31,351) 107,750

The financial statements were approved by the Board of Trustees and authorised for issue on 17/12/2024 ............................................. and were signed on its behalf by:

............................................. J A Ankers - Trustee

The notes form part of these financial statements

Page 6

THE HOLROYD FOUNDATION

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash used in operating activities
Cash flows from investing activities
Purchase of fixed asset investments
Sale of fixed asset investments
Interest received
Dividends received
Net cash provided by investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2024
£
(195,705)
(195,705)
(52,878)
219,395
97
2,138
168,752
(26,953)
28,393
1,440		 2023
£
(1,205,367)
(1,205,367)
(7,017)
701,940
3,756
3,476
702,155
(503,212)
531,605
28,393

The notes form part of these financial statements

Page 7

THE HOLROYD FOUNDATION

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net expenditure for the reporting period (as per the Statement
of Financial Activities)
Adjustments for:
Losses on investments
Interest received
Dividends received
Decrease in debtors
Decrease in creditors
Net cash used in operations		 2024
£
(139,101)
4,400
(97)
(2,138)
5,831
(64,600)
(195,705)		 2023
£
(886,409)
30,108
(3,756)
(3,476)
47,063
(388,897)
(1,205,367)

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank		 At 1.4.23
Cash flow
At 31.3.24
£
£
£
28,393
(26,953)
1,440
28,393
(26,953)
1,440
Total 28,393
(26,953)
1,440

The notes form part of these financial statements

Page 8

THE HOLROYD FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

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.

The financial statements are presented in Sterling (£).

Going concern

The trustees have assessed the charity's ability to continue as a going concern, considering the adequacy of its financial resources and liquidity. This assessment included a review of the charity's budget, medium-term financial plan, and confirmation of ongoing support from its primary donors, Mr. and Mrs. Holroyd. The donors have committed to providing sufficient funding to meet the charity's obligations, including fulfilling any outstanding grant commitments, for at least 12 months following the approval of these financial statements.

Based on this review and the assurance of continued donor support, the trustees are confident that the charity has adequate resources to meet its financial obligations, even under potential adverse scenarios. Accordingly, the trustees believe it is appropriate to prepare the financial statements on a going-concern basis.

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.

Investment income and bank interest are accounted for as and when they are received.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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.

Page 9

continued...

THE HOLROYD FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES - continued

Fund accounting

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Investments

Investments are included in the balance sheet at market value. Proceeds from sale of rights issues are credited against the cost of investment. The Statement of Financial Activities includes the unrealised gains and losses arising on revaluation of investments held at the period end and the realised gains and losses on disposals throughout the period.

2. DONATIONS AND LEGACIES

Donations
3.
OTHER TRADING ACTIVITIES
Fundraising event
4.
INVESTMENT INCOME
Dividends
Interest
5.
RAISING FUNDS
Other trading activities
Fundraising event
Investment management costs
Support costs
Aggregate amounts		 2024
£
110,472
2024
£
-
2024
£
2,138
97
2,235
2024
£
-
2024
£
1,456
1,456		 2023
£
110,000
2023
£
2,125,390
2023
£
3,476
3,756
7,232
2023
£
405,302
2023
£
-
405,302

Page 10

continued...

THE HOLROYD FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

6. CHARITABLE ACTIVITIES COSTS

Grants payable in furtherance of
charity's objectives
Support Costs		 Grant
funding of
activities
(see note
7)
£
231,712
-
231,712		 Support
costs (see
note 8)
£
-
14,240
14,240		 Totals
£
231,712
14,240
245,952

Page 11

continued...

THE HOLROYD FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

7. GRANTS PAYABLE

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|||| |---|---|---| |2024|2023| |£|£| |Anglican Parish North Beach|(44)|53| |Backup North West|-|100| |Blood Cancer UK|-|500| |-| |Business In The Community|12,500| |Centre for Social Justice|75,000|100,000| |Cheshire Community Foundation|35,000|15,000| |-| |Cheshire Young Carers|1,000| |-| |Chorley Youth Zone|1,000| |-| |Cotebrook Village Hall|2,400| |Crewe Youth Club|-|2,000| |-| |David Shaw - Tennis Sponsorship|64,000| |DEC|-|6,000| |Duke of Edinburgh Award|10,000|5,000| |Edgeworth Bowling|-|500| |-| |GB Snowsport|1,000| |Grimsby Youth Zone|-|650| |-| |Grasmere Village Hall|4,000| |Keswick Youth Centre|5,000|-| |-| |Made in Hackney|10,000| |Mahdlo|-|1,000| |Manchester Camerata|16,666|3,300| |Manchester Youth Zone|-|10,000| |Motherwell|-|7,500| |-| |Meegeven PeeWee|60,000| |-| |Mosely Juniors FC|1,955| |-| |One Young World|18,000| |Onside Youth Zone|1,800|2,000| |Oxfam|-|50| |Palma Cricket Association|10,000|-| |Prostate Cancer Research|-|500| |Queens Commonwealth Trust|-|50,000| |Rainbow Hub|(18,000)|23,000| |-| |Rotary Club of Tarporley|1,500| |Rotary Club of Rochdale|500|-| |Royal Academy of Culinary Arts|500|-| |-| |Royal Horticultural Society|4,280| |-| |Sight Savers|1,000| |St Anns Hospice|400|-| |-| |Temple Learning Academy|3,000| |The Cancer Awareness Trust|10,000|-| |The Cure Parkinsons Trust|-|1,010| |The Done Room|5,000|-| |-| |The High Sheriff of Cheshire|5,000| |-| |The Hoppy Trust|1,752,589| |The Iceland Charitable Trust|50,000|-| |The Joshua Tree|-|24,000| |The Onside Foundation|-|500,000| |The PCC of St Helens|1,210|600| |-| |University of Chester|2,000|

----- End of picture text -----

Page 12

continued...

THE HOLROYD FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

7. GRANTS PAYABLE - continued

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----- Start of picture text -----
Woodland Trust - 7,600
231,712 2,676,907
Grants approved conditionally in period but not paid by period end
2024 2023
----- End of picture text -----

Anglican Parish North Beach
Cumbria Community Foundation - Better tomorrow
Manchester Camerata
Manchester University - Beewell
The Joshua Tree
Tennis coaching
8.
SUPPORT COSTS
Investment management costs
Support Costs		 £
-
-
-
20,000
8,000
12,500
40,500
Finance
£
1,456
424
1,880		 Governance
costs
£
-
13,816
13,816

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds		 Unrestricted
fund
£
-
-
7,232
7,232
-		 Restricted
fund
£
110,000
2,125,390
-
2,235,390
405,302		 Total
funds
£
110,000
2,125,390
7,232
2,242,622
405,302

Page 13

continued...

THE HOLROYD FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

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----- Start of picture text -----
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£ £ £
Charitable activities
Grants payable in furtherance of charity's
objectives 846,819 1,830,088 2,676,907
-
Support Costs 16,714 16,714
Total 863,533 2,235,390 3,098,923
-
Net gains/(losses) on investments (30,108) (30,108)
-
NET INCOME/(EXPENDITURE) (886,409) (886,409)
Transfers between funds 35,350 (35,350) -
Net movement in funds (851,059) (35,350) (886,409)
RECONCILIATION OF FUNDS
Total funds brought forward 958,809 35,350 994,159
TOTAL FUNDS CARRIED FORWARD 107,750 - 107,750
----- End of picture text -----

Page 14

continued...

THE HOLROYD FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

11. FIXED ASSET INVESTMENTS

Listed
Investments
£
MARKET VALUE
At 1 April 2023
203,356
Additions
52,878
Disposals
(27,795)
Withdrawals
(196,000)
Revaluations
5,831
At 31 March 2024
26,608
HISTORICAL COST
At 1 April 2023
199,271
At 31 March 2024
24,443
2024
2023
£
£
Investment categories
Equities
25,007
73,712
Fixed income
-
89,299
Alternative investments
-
23,130
Liquidity - cash
1,601
17,027
26,608
203,356
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
£
£
Accrued expenses
59,399
123,999
13.
MOVEMENT IN FUNDS
Net
movement
At
At 1.4.23
in funds
31.3.24
£
£
£
Unrestricted funds
General fund
107,750
(139,101)
(31,351)
TOTAL FUNDS
107,750
(139,101)
(31,351)		 Listed
Investments
£
203,356
52,878
(27,795)
(196,000)
5,831
26,608
199,271
24,443		 Listed
Investments
£
203,356
52,878
(27,795)
(196,000)
5,831
26,608
199,271
24,443		 Listed
Investments
£
203,356
52,878
(27,795)
(196,000)
5,831
26,608
199,271
24,443
2024 2023
£ £
25,007 73,712
- 89,299
- 23,130
1,601 17,027
26,608 203,356
2024
£
59,399
Net
movement
in funds
£
(139,101)
(139,101)		 2023
£
123,999
At
31.3.24
£
(31,351)
(31,351)

Page 15

continued...

THE HOLROYD FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

13. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
112,707
TOTAL FUNDS
112,707
Comparatives for movement in funds
At 1.4.22
£
Unrestricted funds
General fund
958,809
Restricted funds
Restricted funds
35,350
TOTAL FUNDS
994,159
Comparative net movement in funds, included in the above
Incoming
resources
£
Unrestricted funds
General fund
7,232
Restricted funds
Restricted funds
2,235,390
TOTAL FUNDS
2,242,622		 Resources
expended
£
(247,408)
(247,408)
Net
movement
in funds
£
(886,409)
-
(886,409)
are as follows:
Resources
expended
£
(863,533)
(2,235,390)
(3,098,923)		 Gains and
losses
£
(4,400)
(4,400)
Transfers
between
funds
£
35,350
(35,350)
-
Gains and
losses
£
(30,108)
-
(30,108)		 Movement
in funds
£
(139,101)
(139,101)
At
31.3.23
£
107,750
-
107,750
Movement
in funds
£
(886,409)
-
(886,409)

Page 16

continued...

THE HOLROYD FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS		 Net
movement
At 1.4.22
in funds
£
£
958,809
(1,025,510)
35,350
-
994,159
(1,025,510)		 Transfers
between
funds
£
35,350
(35,350)
-		 At
31.3.24
£
(31,351)
-
(31,351)

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
119,939
(1,110,941)
Restricted funds
Restricted funds
2,235,390
(2,235,390)
TOTAL FUNDS
2,355,329
(3,346,331)		 Gains and
Movement
losses
in funds
£
£
(34,508)
(1,025,510)
-
-
(34,508)
(1,025,510)

14. RELATED PARTY DISCLOSURES

The cost of administration of the Foundation is borne by C W Holroyd, a Trustee, however the administration costs are immaterial and therefore no value has been placed on them in the Statement of Financial Activities.

Page 17

THE HOLROYD FOUNDATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Fundraising event
Investment income
Dividends
Interest
Total incoming resources
EXPENDITURE
Other trading activities
Fundraising event
Charitable activities
Grants to institutions
Support costs
Finance
Bank charges
Other
Sundries
Governance costs
Legal and professional fees
Accountancy
Total resources expended
Net expenditure before gains and losses
Realised recognised gains and losses
Realised gains/(losses) on fixed asset
investments
Net expenditure		 2024
£
110,472
-
2,138
97
2,235
112,707
-
231,712
1,880
-
3,500
10,316
13,816
247,408
(134,701)
(4,400)
(139,101)		 2023
£
110,000
2,125,390
3,476
3,756
7,232
2,242,622
405,302
2,676,907
7,460
14
3,165
6,075
9,240
3,098,923
(856,301)
(30,108)
(886,409)

This page does not form part of the statutory financial statements

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