**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** 


**----- Start of picture text -----**<br>
Page<br>Report of the Trustees 1 to 3<br>Independent Examiner's Report 4<br>Statement of Financial Activities 5<br>Balance Sheet 6<br>Cash Flow Statement 7<br>Notes to the Cash Flow Statement 8<br>Notes to the Financial Statements 9 to 15<br>Detailed Statement of Financial Activities 16<br>**----- End of picture text -----**<br>




**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. 

Page 1 



**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 

Page 2 



**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 

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 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: 

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 20/10/2025 Date: ............................................. 

Page 4 



**THE HOLROYD FOUNDATION** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** 

|Unrestricted<br>fund<br>Notes<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>2<br>49,407<br>Investment income<br>3<br>85<br>**Total**<br>49,492<br>**EXPENDITURE ON**<br>Raising funds<br>4<br>(1,084)<br>**Charitable activities**<br>5<br>Grants payable in furtherance of charity's<br>objectives<br>19,160<br>Support Costs<br>7,506<br>**Total**<br>25,582<br>Net gains/(losses) on investments<br>(1,053)<br>**NET INCOME/(EXPENDITURE)**<br>22,857<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>(31,351)<br>**TOTAL FUNDS CARRIED FORWARD**<br>(8,494)|Restricted<br>fund<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|2025<br>Total<br>funds<br>£<br>49,407<br>85<br>49,492<br>(1,084)<br>19,160<br>7,506<br>25,582<br>(1,053)<br>22,857<br>(31,351)<br>(8,494)|2024<br>Total<br>funds<br>£<br>110,472<br>2,235<br>112,707<br>1,456<br>231,712<br>14,240<br>247,408<br>(4,400)<br>(139,101)<br>107,750<br>(31,351)|
|---|---|---|---|



The notes form part of these financial statements 

Page 5 



## **THE HOLROYD FOUNDATION** 

## **BALANCE SHEET 31 MARCH 2025** 

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

Page 6 



**THE HOLROYD FOUNDATION** 

## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025** 

|Notes<br>**Cash flows from operating activities**<br>Cash generated from operations<br>1<br>Net cash used in operating activities<br>**Cash flows from investing activities**<br>Purchase of fixed asset investments<br>Sale of fixed asset investments<br>Interest received<br>Dividends received<br>Net cash provided by investing activities<br>**Change in cash and cash equivalents**<br>**in the reporting period**<br>**Cash and cash equivalents at the**<br>**beginning of the reporting period**<br>**Cash and cash equivalents at the end**<br>**of the reporting period**|2025<br>£<br>(17,758)<br>(17,758)<br>(30,408)<br>46,937<br>85<br>-<br>16,614<br>(1,144)<br>1,440<br>296|2024<br>£<br>(195,705)<br>(195,705)<br>(52,878)<br>219,395<br>97<br>2,138<br>168,752<br>(26,953)<br>28,393<br>1,440|
|---|---|---|



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 2025** 

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

|**Net income/(expenditure) for the reporting period (as per the**<br>**Statement of Financial Activities)**<br>**Adjustments for:**<br>Losses on investments<br>Interest received<br>Dividends received<br>Decrease in debtors<br>Decrease in creditors<br>**Net cash used in operations**|2025<br>£<br>22,857<br>1,053<br>(85)<br>-<br>-<br>(41,583)<br>(17,758)|2024<br>£<br>(139,101)<br>4,400<br>(97)<br>(2,138)<br>5,831<br>(64,600)<br>(195,705)|
|---|---|---|



**2. ANALYSIS OF CHANGES IN NET FUNDS** 

|At<br>**Net cash**<br>Cash at bank<br>**Total**|1.4.24<br>Cash flow<br>At 31.3.25<br>£<br>£<br>£<br>1,440<br>(1,144)<br>296<br>1,440<br>(1,144)<br>296<br>1,440<br>(1,144)<br>296|
|---|---|



The notes form part of these financial statements 

Page 8 



**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. 

Page 9 

continued... 



**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<br>**3.**<br>**INVESTMENT INCOME**<br>Dividends<br>Interest<br>**4.**<br>**RAISING FUNDS**<br>**Investment management costs**<br>Support costs<br>**5.**<br>**CHARITABLE ACTIVITIES COSTS**<br>Grant<br>funding of<br>activities<br>(see note<br>6)<br>£<br>Grants payable in furtherance of<br>charity's objectives<br>19,160<br>Support Costs<br>-<br>19,160|2025<br>£<br>49,407<br>2025<br>£<br>-<br>85<br>85<br>2025<br>£<br>(1,084)<br>Support<br>costs (see<br>note 7)<br>£<br>-<br>7,506<br>7,506|2024<br>£<br>110,472<br>2024<br>£<br>2,138<br>97<br>2,235<br>2024<br>£<br>1,456<br>Totals<br>£<br>19,160<br>7,506<br>26,666|
|---|---|---|



Page 10 

continued... 



**THE HOLROYD FOUNDATION** 

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

## **6. GRANTS PAYABLE** 

|Anglican Parish North Beach<br>Centre for Social Justice<br>Cheshire Community Foundation<br>Cheshire Young Carers<br>Chorley Youth Zone<br>Cotebrook Village Hall<br>Duke of Edinburgh Award<br>GB Snowsport<br>Grasmere Village Hall<br>Keswick Youth Centre<br>Lodore Hotel & Spa<br>Made in Hackney<br>Mahdlo Youth Zone<br>Manchester Camerata<br>Onside Youth Zone<br>Palma Cricket Association<br>Rainbow Hub<br>Rotary Club of Rochdale<br>Royal Academy of Culinary Arts<br>Royal Horticultural Society<br>St Anns Hospice<br>Tarporley War Memorial Hospital<br>Temple Learning Academy<br>The Cancer Awareness Trust<br>The Done Room<br>The Iceland Charitable Trust<br>The National Motor Museum<br>The PCC of St Helens<br>University of Chester|2025<br>£<br>1,000<br>-<br>-<br>-<br>-<br>2,640<br>3,500<br>-<br>-<br>-<br>2,000<br>-<br>1,500<br>-<br>-<br>-<br>-<br>-<br>-<br>5,000<br>-<br>1,000<br>-<br>-<br>-<br>-<br>1,200<br>1,320<br>-<br>19,160|2024<br>£<br>(44)<br>75,000<br>35,000<br>1,000<br>1,000<br>2,400<br>10,000<br>1,000<br>4,000<br>5,000<br>-<br>10,000<br>-<br>16,666<br>1,800<br>10,000<br>(18,000)<br>500<br>500<br>4,280<br>400<br>-<br>3,000<br>10,000<br>5,000<br>50,000<br>-<br>1,210<br>2,000<br>231,712|
|---|---|---|
||||
||||
|**Grants approved conditionally in period but not paid by period end**|||
|Manchester University - Beewell<br>The Joshua Tree<br>Tennis coaching|2025<br>£<br>-<br>-<br>12,500<br>12,500|2024<br>£<br>20,000<br>8,000<br>12,500<br>40,500|



Page 11 

continued... 



**THE HOLROYD FOUNDATION** 

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

## **7. SUPPORT COSTS** 

|Governance<br>Finance<br>costs<br>£<br>£<br>Investment management costs<br>(1,084)<br>-<br>Support Costs<br>367<br>7,139<br>(717)<br>7,139|Totals<br>£<br>(1,084)<br>7,506<br>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<br>fund<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>110,472<br>Investment income<br>2,235<br>**Total**<br>112,707<br>**EXPENDITURE ON**<br>Raising funds<br>1,456<br>**Charitable activities**<br>Grants payable in furtherance of charity's<br>objectives<br>231,712<br>Support Costs<br>14,240<br>**Total**<br>247,408<br>Net gains/(losses) on investments<br>(4,400)<br>**NET INCOME/(EXPENDITURE)**<br>(139,101)<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>107,750<br>**TOTAL FUNDS CARRIED FORWARD**<br>(31,351)|Restricted<br>fund<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|Total<br>funds<br>£<br>110,472<br>2,235<br>112,707<br>1,456<br>231,712<br>14,240<br>247,408<br>(4,400)<br>(139,101)<br>107,750<br>(31,351)|
|---|---|---|



Page 12 

continued... 



**THE HOLROYD FOUNDATION** 

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

## **10. FIXED ASSET INVESTMENTS** 

|Listed<br>Investments<br>£<br>**MARKET VALUE**<br>At 1 April 2024<br>26,608<br>Additions<br>30,308<br>Disposals<br>(45,109)<br>Withdrawals<br>(1,685)<br>Revaluations<br>(1,012)<br>At 31 March 2025<br>9,110<br>**HISTORICAL COST**<br>At 1 April 2024<br>24,443<br>At 31 March 2025<br>9,490<br>2025<br>2024<br>£<br>£<br>Investment categories<br>Equities<br>9,110<br>25,007<br>Liquidity - cash<br>-<br>1,601<br>9,110<br>26,608<br>**11.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>2025<br>2024<br>£<br>£<br>Accrued grants<br>17,900<br>59,399<br>**12.**<br>**MOVEMENT IN FUNDS**<br>Net<br>movement<br>At<br>At 1.4.24<br>in funds<br>31.3.25<br>£<br>£<br>£<br>**Unrestricted funds**<br>General fund<br>(31,351)<br>22,857<br>(8,494)<br>**TOTAL FUNDS**<br>(31,351)<br>22,857<br>(8,494)|||Listed<br>Investments<br>£<br>26,608<br>30,308<br>(45,109)<br>(1,685)<br>(1,012)<br>9,110<br>24,443<br>9,490|Listed<br>Investments<br>£<br>26,608<br>30,308<br>(45,109)<br>(1,685)<br>(1,012)<br>9,110<br>24,443<br>9,490|Listed<br>Investments<br>£<br>26,608<br>30,308<br>(45,109)<br>(1,685)<br>(1,012)<br>9,110<br>24,443<br>9,490|
|---|---|---|---|---|---|
|||||||
|||||||
||2025||||2024|
||£||||£|
|||||||
|||9,110|||25,007|
|||-|||1,601|
|||||||
|||9,110|||26,608|
|||||||
|||||||
||||||2024<br>£<br>59,399<br>At<br>31.3.25<br>£<br>(8,494)<br>(8,494)|



Page 13 

continued... 



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



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

|Net<br>movement<br>At 1.4.23<br>in funds<br>£<br>£<br>**Unrestricted funds**<br>General fund<br>107,750<br>(116,244)<br>**TOTAL FUNDS**<br>107,750<br>(116,244)|At<br>31.3.25<br>£<br>(8,494)<br>(8,494)|
|---|---|



Page 14 

continued... 



**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**<br>General fund|Incoming<br>Resources<br>Gains and<br>resources<br>expended<br>losses<br>£<br>£<br>£<br>162,199<br>(272,990)<br>(5,453)|Movement<br>in funds<br>£<br>(116,244)|
|---|---|---|
|**TOTAL FUNDS**|162,199<br>(272,990)<br>(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. 

Page 15 



**THE HOLROYD FOUNDATION** 

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

|**INCOME AND ENDOWMENTS**<br>**Donations and legacies**<br>Donations<br>**Investment income**<br>Dividends<br>Interest<br>**Total incoming resources**<br>**EXPENDITURE**<br>**Charitable activities**<br>Grants to institutions<br>**Support costs**<br>**Finance**<br>Bank charges<br>**Governance costs**<br>Legal and professional fees<br>Accountancy<br>Total resources expended<br>**Net income/(expenditure) before gains**<br>**and losses**<br>**Realised recognised gains and losses**<br>Realised gains/(losses) on fixed asset<br>investments<br>**Net income/(expenditure)**|2025<br>£<br>49,407<br>-<br>85<br>85<br>49,492<br>19,160<br>(717)<br>420<br>6,719<br>7,139<br>25,582<br>23,910<br>(1,053)<br>22,857|2024<br>£<br>110,472<br>2,138<br>97<br>2,235<br>112,707<br>231,712<br>1,880<br>3,500<br>10,316<br>13,816<br>247,408<br>(134,701)<br>(4,400)<br>(139,101)|
|---|---|---|



This page does not form part of the statutory financial statements 

Page 16