2025-03-31-accounts - The Holroyd Foundation

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REGISTERED CHARITY NUMBER: 1156845

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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 2025

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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 15
Detailed Statement of Financial Activities 16
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THE HOLROYD FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

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

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.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The grants made during the period are listed in Note 6 to the financial statements. Grants approved totalled £19,160 (2024: £231,721) and assisted over 20 organisations. Significant grants are monitored for one year after the grant has been made.

FINANCIAL REVIEW Financial position

Income and expenditure

(1) The Trust received £85 (2024: £2,235) investment income, £49,407 (2024: £110,472) in donations and £Nil (2024: £Nil) from fundraising in the year and there was a loss on investments of £1,053 (2024: £4,400).

(2) Grants totalling £19,160 (2024: £231,712) were approved in the period.

Reserves policy and future plans

The trustees intend to continue the Trust for the foreseeable future.

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THE HOLROYD FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

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 award 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

Trustees

C W Holroyd J F Kay (resigned 12.3.25) 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

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THE HOLROYD FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

REFERENCE AND ADMINISTRATIVE DETAILS Solicitors

Addleshaws 3 Sovereign Square Sovereign Street Leeds LS1 4ER United Kingdom

Bankers

C Hoare & Co 37 Fleet Street London EC4P 4DQ 20/10/2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

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

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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 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.

Graham Travis FCA

Clarke Nicklin LLP Chartered Accountants Clarke Nicklin House Brooks Drive Cheadle Royal Business Park Cheadle Cheshire SK8 3TD 20/10/2025 Date: .............................................

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THE HOLROYD FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 49,407 Investment income 3 85 Total 49,492 EXPENDITURE ON Raising funds 4 (1,084) Charitable activities 5 Grants payable in furtherance of charity's objectives 19,160 Support Costs 7,506 Total 25,582 Net gains/(losses) on investments (1,053) NET INCOME/(EXPENDITURE) 22,857 RECONCILIATION OF FUNDS Total funds brought forward (31,351) TOTAL FUNDS CARRIED FORWARD (8,494)	Restricted fund £ - - - - - - - - - - -	2025 Total funds £ 49,407 85 49,492 (1,084) 19,160 7,506 25,582 (1,053) 22,857 (31,351) (8,494)	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)

The notes form part of these financial statements

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THE HOLROYD FOUNDATION

BALANCE SHEET 31 MARCH 2025

Notes FIXED ASSETS Investments 10 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 11	Unrestricted Restricted fund fund £ £ 9,110 - 296 - (17,900) -	Unrestricted Restricted fund fund £ £ 9,110 - 296 - (17,900) -	2025 Total funds £ 9,110 296 (17,900)	2024 Total funds £ 26,608 1,440 (59,399)
NET CURRENT ASSETS/(LIABILITIES)	(17,604)	-	(17,604)	(57,959)
TOTAL ASSETS LESS CURRENT LIABILITIES	(8,494)	-	(8,494)	(31,351)
NET ASSETS/(LIABILITIES)	(8,494)	-	(8,494)	(31,351)
FUNDS 12 Unrestricted funds			(8,494)	(31,351)
TOTAL FUNDS			(8,494)	(31,351)

The financial statements were approved by the Board of Trustees and authorised for issue on 20/10/2025 ............................................. and were signed on its behalf by:

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

The notes form part of these financial statements

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THE HOLROYD FOUNDATION

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

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	2025 £ (17,758) (17,758) (30,408) 46,937 85 - 16,614 (1,144) 1,440 296	2024 £ (195,705) (195,705) (52,878) 219,395 97 2,138 168,752 (26,953) 28,393 1,440

The notes form part of these financial statements

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THE HOLROYD FOUNDATION

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(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	2025 £ 22,857 1,053 (85) - - (41,583) (17,758)	2024 £ (139,101) 4,400 (97) (2,138) 5,831 (64,600) (195,705)

2. ANALYSIS OF CHANGES IN NET FUNDS

At Net cash Cash at bank Total	1.4.24 Cash flow At 31.3.25 £ £ £ 1,440 (1,144) 296 1,440 (1,144) 296 1,440 (1,144) 296

The notes form part of these financial statements

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

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.

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THE HOLROYD FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

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. INVESTMENT INCOME Dividends Interest 4. RAISING FUNDS Investment management costs Support costs 5. CHARITABLE ACTIVITIES COSTS Grant funding of activities (see note 6) £ Grants payable in furtherance of charity's objectives 19,160 Support Costs - 19,160	2025 £ 49,407 2025 £ - 85 85 2025 £ (1,084) Support costs (see note 7) £ - 7,506 7,506	2024 £ 110,472 2024 £ 2,138 97 2,235 2024 £ 1,456 Totals £ 19,160 7,506 26,666

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THE HOLROYD FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

6. GRANTS PAYABLE

Anglican Parish North Beach Centre for Social Justice Cheshire Community Foundation Cheshire Young Carers Chorley Youth Zone Cotebrook Village Hall Duke of Edinburgh Award GB Snowsport Grasmere Village Hall Keswick Youth Centre Lodore Hotel & Spa Made in Hackney Mahdlo Youth Zone Manchester Camerata Onside Youth Zone Palma Cricket Association Rainbow Hub Rotary Club of Rochdale Royal Academy of Culinary Arts Royal Horticultural Society St Anns Hospice Tarporley War Memorial Hospital Temple Learning Academy The Cancer Awareness Trust The Done Room The Iceland Charitable Trust The National Motor Museum The PCC of St Helens University of Chester	2025 £ 1,000 - - - - 2,640 3,500 - - - 2,000 - 1,500 - - - - - - 5,000 - 1,000 - - - - 1,200 1,320 - 19,160	2024 £ (44) 75,000 35,000 1,000 1,000 2,400 10,000 1,000 4,000 5,000 - 10,000 - 16,666 1,800 10,000 (18,000) 500 500 4,280 400 - 3,000 10,000 5,000 50,000 - 1,210 2,000 231,712


Grants approved conditionally in period but not paid by period end
Manchester University - Beewell The Joshua Tree Tennis coaching	2025 £ - - 12,500 12,500	2024 £ 20,000 8,000 12,500 40,500

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THE HOLROYD FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

7. SUPPORT COSTS

Governance Finance costs £ £ Investment management costs (1,084) - Support Costs 367 7,139 (717) 7,139	Totals £ (1,084) 7,506 6,422

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 110,472 Investment income 2,235 Total 112,707 EXPENDITURE ON Raising funds 1,456 Charitable activities Grants payable in furtherance of charity's objectives 231,712 Support Costs 14,240 Total 247,408 Net gains/(losses) on investments (4,400) NET INCOME/(EXPENDITURE) (139,101) RECONCILIATION OF FUNDS Total funds brought forward 107,750 TOTAL FUNDS CARRIED FORWARD (31,351)	Restricted fund £ - - - - - - - - - - -	Total funds £ 110,472 2,235 112,707 1,456 231,712 14,240 247,408 (4,400) (139,101) 107,750 (31,351)

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THE HOLROYD FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

10. FIXED ASSET INVESTMENTS

		Listed Investments £ 26,608 30,308 (45,109) (1,685) (1,012) 9,110 24,443 9,490


2025		2024
£		£

	9,110	25,007
	-	1,601

	9,110	26,608


		2024 £ 59,399 At 31.3.25 £ (8,494) (8,494)

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THE HOLROYD FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

12. MOVEMENT IN FUNDS - continued

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

Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS Comparative net movement in funds, included Unrestricted funds General fund TOTAL FUNDS	Incoming Resources resources expended £ £ 49,492 (25,582) 49,492 (25,582) At 1.4.23 £ 107,750 107,750 in the above are as follows: Incoming Resources resources expended £ £ 112,707 (247,408) 112,707 (247,408)	Gains and Movement losses in funds £ £ (1,053) 22,857 (1,053) 22,857 Net movement At in funds 31.3.24 £ £ (139,101) (31,351) (139,101) (31,351) Gains and Movement losses in funds £ £ (4,400) (139,101) (4,400) (139,101)

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

Net movement At 1.4.23 in funds £ £ Unrestricted funds General fund 107,750 (116,244) TOTAL FUNDS 107,750 (116,244)	At 31.3.25 £ (8,494) (8,494)

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THE HOLROYD FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

12. MOVEMENT IN FUNDS - continued

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

Unrestricted funds General fund	Incoming Resources Gains and resources expended losses £ £ £ 162,199 (272,990) (5,453)	Movement in funds £ (116,244)
TOTAL FUNDS	162,199 (272,990) (5,453)	(116,244)

13. 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.

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THE HOLROYD FOUNDATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Dividends Interest Total incoming resources EXPENDITURE Charitable activities Grants to institutions Support costs Finance Bank charges Governance costs Legal and professional fees Accountancy Total resources expended Net income/(expenditure) before gains and losses Realised recognised gains and losses Realised gains/(losses) on fixed asset investments Net income/(expenditure)	2025 £ 49,407 - 85 85 49,492 19,160 (717) 420 6,719 7,139 25,582 23,910 (1,053) 22,857	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)

This page does not form part of the statutory financial statements

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