Charfty number. 01161373 Company number.. 09357982 Hays Travel Foundation IA company limited by guarantee) Report and Flnanclal Statements Year ended 30 Aprtl 2022
Hays Travel Foundation Report of the Trustees for the year ended 30 April 2022 The Trustee5 are pleased to present their repor¢ together with the fJnaThcial statements, of Hays Travel Foundation for the year ended 30 April 2022, Reference and admintstrative details Charity Number 01161373 Company Registration Number 09357982 Registered Office Cjilbridge House Keel Square Sunderland Tyne and Wear SRI 3HA TTUStees and Dirèctors Dalne l Hays P M Fidler W D Fleetwood M Dillon D Gregory K CaTnpling (appointed 26 July 2021) Independent examiner MHA Ma¢Thityre Fludson 2 London Wall Place London EC2Y SAU Bankers Barelays Bank PIC 53 fawcett Street Sunderland Tyne and WeaT SRI ISD Solicitors Ward Hadaway Sandgate House 102 Quayside Newc&st]e upon Tyne NEI 3DX
Hays Travel FoLsndation Re ort of the Board of Trustees The Trustees have pr¢pared this report of the Board of Tru51e¢s for year ended 30 April 2022. Obj¢¢tive Th¢ Hays Travel Fi)undation objects and purpos¢s, as per its Memorattdum and Articles, are to support the dvancement ol education, health, spor4 the arts and prevention of povety. These ain)s are intended to inspire young people of social and economic disadvantAge, providing them with the same opportunities and Cln¢t$ as others. Struetur¢i governance and management Governlng Document Hays Travel Foundatioll is a company limited by gu8rantcc, 2nd is governed by its Memorandum and Articles of Association dated 16 Decernb¢r 2014. 11 is & r¢gist¢r¢d chariry with the Ch8riry Commission. Appointtllent of Trustees The fst Trnstees were appointed by John and Irene Hays. Subsequ¢titTrust¢cs are elected by the members or co.opted by the Board of Tn]stees. Trnstees must be members of the charitable Company and one third of the Board of Trnstees must retire each year. A retiring Trystee who is eligible May be reappointed. All Trustees w¢r¢ re-ele¢t¢d to remain part of tbe Board of Trustees for the next year. Trustee indlletlon And traiMing The TThstees haye been chosen based on the skills they have to offer to ensure development of the Charity's activities. New Trustees have induction programme to brief them on thetr legal obligations under charity and company Law including our COLporate induction. As part of their iAduction new Trnstees provided with an infomiation pack that includes.. Latest f]nancial inforniation,. and Copies of our Memorandum and Articles ofAssociation. Organisktion The Board gf Trustees administen the Charity and is responsible f(Trr th¢ strategic diTectioll md pohcy of the Charity. Risk Management There is no fomial risk assessmeut and maTJagement. however. the Trustees discuss and reyiew certain ri8ks posed to the Charity which include.. Finan¢ial sustainability. This risk is mitigat¢d well due 10 the support of Hays Travel Limited. Truste¢5 regularly r¢vi¢w the finatt¢ial pv5ition and r¢sulis of the Charity and manag¢ their funds appropriately. Misappropriation of funds. This is deemed to be negligible dul to ti¥hi Lontrvls ov¢r th¢ Charity's fund5. Regular review of the fancial position and resulis would also highl1h¢ any dis¢rppan¢i¢s in the Charity funds. Relxted partley trene Haysy Trustees and Dire¢tors on the Board of Truste¢s. are also dire¢tors attd shareholders of Hays Travel Limited. Ken Camplin& Tnjstee and Director on the Board of Trustees. 1$ also a director of Hays Travel Limited. Hays Travel Limited is a major donor to ihe Foundation. Further details are provided sn the notes to the fancial statements.
Hays Travel Foundation Re ort of the Board of Trustees Objectives and activities Hays Travel Foundation was incoryorated in December 2014. lohn and Irene Hays set up the Foundation following 35 y¢ars in the travel industy, where they have enjoyed playing a large role in helping and being part of the loG31 cornmunities where Hays Travel branches are located. The Foundation was set up with the to build on the charitable a¢tivities of Hays Travel. Th¢ charity aims to work with organisations that support local people, to help them 8¢hieve th¢ir potential and itnprove their qualiry of life. The Foundation would like to create opportunities for young people, and support them to achieve their goals. wheiher this is their health, spor¢ art or eduution. With th¢ majority of funding being donaled from Hays Travel Limited. the staff at Hays Travel are also encourag¢d to fundraise throughout the year. The website has played a major role in loWIng loca] charities to apply for fundin8. The Board meets quarterly to review applications and approve grants which they believe are aligned with tbe aims of the Foundation. Achievements and Perforniance Due to the impact of covid 19 there were no projects that wert awarded grant5 duritig the ye8x. The Foundation will resume aWa]llg grdnts ill the n¢xt fanCIal year following a suceesgful year for Hays Travel Limited. ITkcludBd WAthin accrual are grants which have been awarded and ar¢ unpaid at the yw end. The Shildon AFC & Developmcnt Ccntre CIC was awarded £18,750 in 2019. to b¢ paid ¢qually over 3 ye&rs. As £6,250 was paid in the prior period the rem&ining balance of £6,250 at the y¢aT-end is to be paid during 2022. Public Benefit The Trustees have referred to the guidance contained in the Charty Cornmission's general gutdance on public benefit when reviewing its aims and objectives and in planning its ¢u]T¢nt and activities. In Particular, the Trustees have coDsidered how planned activities will contiibute to the aims and obje¢tives they have set. including those purposes as per its Memorandum and Articles of Associatiou. inanciol Review Due to the impact Covid-19 has had on the travel industy the thlty received £Nil {2021: £90,848) ' monetary donations from H&ys Travel Limited in 2022. As there was limit involvement alld activity with the ¢harity this year Hays Trnv¢l Lin)ited have calculated Nil costs12021: £Nil) fordollydted services, being eployee time spent carying out Foundation objectives. Further dollations of £IOO,000 werereceived from P&0 and £91 (2021.. £40,960) were received from a GoFundMe utnpaigrt, P&yPal and other direct ntributions. No grants were awarded this year12021- £91,807 of grnnts were approved). In relation to resources expended there w&s a g(Trverndnce cost of £40 (2021.. £1,575 gain) and there w&$ a net income in the year of £100,051 {2021.' £51,021 surplus). Principal Funding Sourees Th¢ principal funding of tkie Foundation in the period was donation5 frotn Hays Travel Limited. Reserves policy The Trnstees will conlinue to apply the unrestri¢ted ftmd to the Foundation's Dbjectives. There is no intention to build up extensive reserves,. inste&d incon)e Teceived will Iwg¢ly be expended in year on wts, The total net income for this period is £100,051 (2021.. £51,021) due to hali in activities from February 2020. Plans for futur¢ years Despite the impact of Covid 19 w¢ intend to reinstate the grants made as 500n as 1115 practic to do so, io fillther help those whose ¢hariiable activities corAtribut¢ to the aims of the Foundation. This h&$ been made Possible by donations re¢eiv¢d via Hays Travel limited post period end. W¢ have reeeived several applications for funding5in¢e the period end, which will b¢ reviewed in duecours¢ by the Board ofTrnstees.
Hays Travel Foundation Re ort of the Board of Trustees Statement of Trnstee8' re8ponsibilitics The TrusLees (who ar¢ a159 dir¢ctors of Hays Travel Foundation for the ptryses of company lawl are responsibl¢ for prepdring th¢ Trustees, Annual Report and the fancial stat¢m¢nts in cOrdanC¢ with applicdble law alld United Kingdom Accounting Standards (United Kingdom Generally Aepted Accounting Prncticel. Company law requires the Trustees to prepare r]nClaI statements for each fmattcial yearwhich give a trk]e and fair view of the state of affaiJE of the charitable company, and of the incoming re50ur¢es and application of resources, including income and expenditure, of the charitable company for that year. In pr¢paring these fjnancial statements, the Trustees are required to.. S¢led suitsble aOuntIng policies and apply them consistently Make judgements ¢stimales that are reasonabl¢ and pmd¢llt Prepare the fmanci41 stat¢m¢nt on the going wThc¢rn basis unle55 it is inappropriate to presume the charitsble company will continu¢ in busin¢55. The Trustees are responsible for keeping proper accounting records that disclose with reasonable acruTacy at any time the financial position of the charitable company and enable thejn to ensure that the financial statetnents wmply with the Cotnpanie5 Act 2006. They are aiso responsible for safeguadillg the assets of the charitable company and hence for taking Tea50nable steps for the Prevention and deteciion of fralld and other irregularilies. In so faT that the Tnte¢S ar¢ awar¢: There is no relevant infonnation of which the charitable company's independent examiner is unaware The Trnstees have taken all steps that they ought to have taken lo make themselves aware of any relevant infomiation and to establish that the independent examinw is aware gf that inforTnation. Small company provisions This report h45 been prepared in aordanCe with the specia] provisions for smY411 companies under Part 15 of th¢ COpani¢S Act 2006. Approved by the Trustees on 17/07/2023 and signed on their behalf by.. Dame Irene Hays Tru5t¢¢
Hays Travel Foundation Statement of Financial Activities {including income and expenditure account) For the year ended 30 Aprll 2022 ndependent Examine¢8 Rèport to th• Tru8ts•s of Hay$ Trav•1 Foundation I report to th8 charity trustees on rny examination of the accounts of the cornpany for the year ended 3CIApril 2022 which are sel out on pages 8 10 12. Respon8lbllltlg5 and basis of report A$ the charity Iruslees of thè eompany18nd algo its dir8Ctors for the purposes of company lawl you are iosponsible for the preparation of th8 accounts in accord8nc8 With the reqU1ments of the cornpan1 A¢1 20061'lhe 2006 ACYI. Having satisfd myself that the accounts of the company 8re not quired to be audited undei Port 16 of the 2006 Act and are eligible for indèpèndent ÈX8min8tion, I report in respect of my exInatIOn of your mpany's accounts as rarrièd tul und&r section 145 of the Charities Act 2011 1'lh8 2011 Act'l. In carrying ut my examination I have followed thg DireGtion5 givgn by th? Chaniy Commission under saction 14515llbl of the 2011 Act. Indèpgndgnt examlnerfs Statement I have completed rny examination. l eonfim Ihat no matters hav8 corne lo my attention In conn¢¢tlon with Ihe examination giving m6 fAUS8 tts believe that in any material resp8cl'. 8C(x)unting racords were not kept in re8pe¢l of tha Company as required by section 388 of the 2006 Act,, or the accounts do not accord with those records.. or the accounts do not ¢omply wilh the accounting requirements ol Section 396 of the 2006 Act otherthan any requirement Ihat the a¢¢ounls givo a 'true and fair vSew' which is not a matter c(x)8idèrèd ag part of an independent examinali¢)n', or the accounts have not been prepared in accordance wth the methods and prin¢lplgs of th¢ Statement of Reccfflmended Pr8cli¢e for accounting and reporting by charities applicable lo charities pparIng their accounts in accordarteè vAth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no conrnS and have come across no other matters in ¢cnlion with the examlnalion lo which attention should be drawn in this rèport in ord8r to enable a proper understanding of the accounts lo be reached. Signed.. Rjw fcA R8iè8v Shaunak FCA MHA Maclntyre H1$¢ 2 London Wall Pl6ee London EC2Y SAU D£tè.- 12 January 2023
Hays Travel Foundation Statement of Financial Activities (including income and expenditure account) For the year ended 30 April 2022 Totil Total Urtrestrieted Unrestricted Funds Funds 21122 Perlod ended 202J Ntpte Income: Donations 100,091 131,808 Total Income 1011,091 131,808 xpeuditure Expgndin¥re on charitable LYCtivili.' Charitable activities 40 80.787 Total expenditure 40 80,787 Net Ineome/(deflelt) for the year ioo,osi 51,021 Reeonelllatlon of funds Total funds brought forward 52,034 1,013 Total funds carried forward 152,085 52,034 There are no other rKognised gains and losses other than the net income of £100,051 (2021- £51.0211 for the year ended 30 April 2022. The profit for the period for Cotnpanies Act purposes comprises th¢ Det income for the year of £100,051. All inoome r¢sources expended are derived from continuing activities. The statement of fmancial activit1¢5 includ¢s all gaills and losses ttcogllised in the year.
Hays Travel Foundation Notes to the financial statements at 30 Aprll 2022 Statement of Financial Posilion 2022 2021 Notes Cllrrent assets Ch at bank and in hand 158 J35 58,284 J38J35 58,284 Creditors: amounts falling due within one year (6,250) {6,250} Net current hssets 152,085 52,034 Total assets les5 current liobilili¢s 152,085 52,034 The fmnds of th¢ ¢barlty Unrestricted funds 152,085 52,034 Total cbarity funds 152,085 52,034 For the year ¢nd¢d 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Au 2006 relating to small companies. The members have not requiTed the wmpany to obtain an audit of its accounts for the period in question accordance with section 476. The Trll5tees acknowledge their responsibilities for complying with the requinnents of the Act with re5ped to accoullting records and the preparation of accounts. These financial 5tat¢menty have been prepared in ac¢ordpnce with the special provisions applicthle to cornpanies subj¢ct tt> th¢ sm1 CDmpanies' regime. The financial statements were approved And authorLSed for issue bythe TNst¢es Ott 11/01/2023 and were signed on their behalf by.. J.XY Darne Irene Hays Truste¢
Hays Travel Foundation Notes to the financial statements at 30 Aprll 2022 1. Accountlng pollclos Statèmènt ofeompllaneè and basls of preparntlon Hays Tr&vel Foundation is a privately incorporatsd Charity registEred in England. The Registered OfFi¢e is Gilbridge House, Keel Square, Sunderland, Tyne and Wear, SRI 3HA. The fmancial statements have been pr¢pared und¢r the historic cost convention. The financial State¢tS have beett prepared in compliance with th¢ Chariti¢s SORP (FRS 102) "Accountllig and Reporting by Charities.. Stst¢ment of Recommended Practice applicable to charities preparing their accounts in accordance Mith the Finaneial Reporting Standardg applicable in th¢ UK and Republic of Ireland (FRS 102}" The charity is exempt from prepariug a statement of cash flows os it meets the requirements of a Sn]all Charity. The principal accounting policies adopted in the preparation of the financial statemettts 8rc %ct out bclow. The accounL% h2v¢ bcen prepared forthe yearfrom 1° May 2021 to 30 April 2022 for th¢ pury)05e of k¢¢pillg the reporting p¢riod the same a5 the Hays Travel Group. The priorperiod is that of18 months and th¢refore is noi directly comparable. Golng Concern As the main donor for the Charity is Hays Travelthe trustees consider that there are no material uncenainties about the charity's abiliry io continue as a going concern. lighi of Covid-19, effective from March 2020. the Foundation on hold all grallt applications and is no longer accepting wy new requests vi&the w¢bsite. As donations fro H&ys Travel are discretionary not guaranteed th3 is ¢xpected to aff¢ct the Foundatloll for the long-terni future but h&% llo impact on the accounts for thi5 period the Foundation has the fithds available to cover all committnents for twelve months from the signing date of these fmancial statements. InGomlng resourtgs All incoming resources are included in the Ststement of Financial Activities when the Charity is legally entitled to the income, receipt is probablc and thc amount eaTr be quantified with reasonable aceura¢y. Donotgds•rv1c and facllftles Donated servires are included in incoming resources when the benefit to the Charity is reasonably quantifitblt and measurable. They are valued at the 0nt the charity would have been willing to pay for the servites on the open markd. Rosourc•s expended All expenditure, including any irrecoverable VAT, is accounted for on an accDJals basis and has been classified under headings that agwg8te all costs related to that category. Grants payable are.. Agreed grants whicb have not been paid but whieh are payable o]k the satisfaBtion of a condition on the part of the grJntee which has not yet been satisfied. R•eognitAon of liabllltles Liabiliti¢s ar¢ recognised when an obligation arises to transfer e¢onomi¢ benefits as a result of past transactions or events. Fund aceountlng Gen¢ral fithds ar¢ UntrIll¢d funds which are available for use at the discretion of the TNsttes in furth¢ran¢e of the gen¢Tal vbjective5 of iht Lharily and which have not been d¢sign<ed for other purposes. Financial Instmmènts The Charity only holds basic Financial In5trum¢nts. The fUnClaI a3sd5 and fjnancial liabilities of the Charity os follows.. Cash at bank- is classified as a basic finan¢ial instrument and is measured at fa value. Liabilities- trade creditors, accnials and other creditors will be classifi¢d &s fmancial ill5truments, and 8 measured &t amortised cost as detailed in Note 6.
Hays Travel Foundation Notes to the financial statements at 30 Aprll 2022 2. Legal status Hays Travel Foundation is a COEnPdlly limi¢ed by guarantee and has no thare capital. The liability of euch member Én the event of wind8 up is £1. Resources expended The Foundation incurred the following expenditure.. Period ended 202J 2022 KrpeFrditure on Charitable a¢Éivifies- ihSiitt411okts.' Abbies Heroe5 About with Friends Amelia's Rainbow balletLORENT BBC Children In Need Blandford Opportunity Group Bridport youth Centre Butterfly Giving Butterwick IIouse Carers Trust Gateshead- Young Car¢rs Children's Heart Surgery Fund Click Sargeni Customs House Cysti¢ Fibr05is Trust Darlington Memorial Hospital DCCS Derrifor Childr¢n$ Cancer Service Bllen Timney Foundation Feeding Fa11]¢$ Footprints in the ComTnunity Forget me not ChildT¢ll'5 Hospice Henry DaThcer Day5 Jubilee ChHr¢h Hull Kamelia Kid5 Leonard Cheshire Listening Ear Martiu Ilouse Ilospice My Outdoor Classroom CIC NE Youth North Tyneside Disability Fowm Priscilla Bacon Hospice Family Counselling Roojns Rosebe]ry Community Consortium Saints Community Development Foundation Sarah Kinsley Fund Skills 4 Work Southampton Childrens Hospital Charity St Catherine's School For Disabl¢d Children, Venthor St¢pping Stones Pre School, Elburton Sunderland 2021 Tealn Oasis Children's Charity Teardrop Teddy 20 220 359 570 4.900 326 590 438 750 950 1,118 570 5,000 5,488 130 1,445 200 2,088 400 1,080 800 1.153 2.820 1,000 3,000 3,000 800 1,000 2,000 7,100 1,265 2,000 1,250 292 2,500 544 260 304 {10,500) 5,000 680 725
Hays Travel Foundation Notes to the financial statements at 30 April 2022 The Bluewat The Clo¢k Tower Sanctuary The Isabel Baker Foundation The Jessie May Trust The Open DooT Centre The P¢ga5U5 Centre - Riding for DisE4bl¢d Tiny Lives TLC.. Ta]k, Listen, Change Winchester Strcet Reach Yeovil Opportunity Group YMCA N¢wcastle Yorkshire Children's Twst Selection Boxeg for Annual Panto 5,000 5,000 1,043 5,000 3,000 410 681 2,000 2,577 458 2,DOO 522 208 TotAI 81,514 Governahce Cosls.. Independent exatnination fee Accommodation for Truslee Hays Travel- accommodation & Trn5tee gift5 ICO Annual Fee (1,728) 153 848 40 Total ExpeDditure Chxritsble A¢tivities 40 80,787 All expenditure on ¢harit4ble activities was unre5tri¢t¢d in both reportllig periods. The independent examination fe¢ r¢¢ognised in th¢ prior period a5 the fees for 18119 fanci&l year were unreali2cd and there were no ChSeS in the prior period as the f]rm bas offered to do this pro-bono. Ovemight a¢comrnodation was provided in January 2020 50 that one of the Trustees could attend the quarterly board meeting. 4. Employee costs The wmpany had no employee5 during either period. 5. Taxation The Charity is considered to pass the t¢stS Set out in Paragraph I Sch¢dule 6 of ihe Finan¢e A¢t 2010 and therefore it meets the derltIon of a ¢haFitabl¢ cornp4ny for UK Lorpor&tion tax purposes. A¢cordingly, the Charity is potentially cxCM from taxation in respe¢t Of incom¢ or cLpitsl gains re¢¢ived within ¢at¢gories covered by Chaptsr 3 Part I l of the CorpoTation Tax A¢t2010 or Section 256 of the Taxatioii of Chargeable Gains Act 1992, to the extent that such incom¢ or gains are applied ¢x¢lu$ively to charitsble purp05es.
Hays Travel Foundation Notes to the financial statements at 30 Aprfl 2022 6. Credltors: amounts falllng du8 Within on8 year 2022 2021 Grants payable 6.250 6,250 6350 6250 7. Movement In Funds Analysis of movements in unrestricted funds Balance at I MAY 2021 Imcoming Resoure Resources Expended Funds at 30 Apr 2022 General Fwid 52,034 100,091 (40) 152,085 Unr¢5trided General Funds are 'frec reserves, to be 8]Iated freelyto futther the charities objective 8. Related party transactions Hays Travel Limited donated £9112021.. £90.848) to the Foundation during the p¢riod. Durllwthe year, there have been nil costs calculated from employees ofHays Travel Limited spendtngtime Ldrrying out the Foundation's objectives due to inactivity with the Foundation since January 2020 (2021.. £Nil). No Trustees received gifts from Hays Trdvel Limit¢d in Yespectto their services as Tru51ees. The value of these gifts was £Nil (2021- £108 for two trustees). Duringthe prior period, Matt Dillon attended the December2019 Hays Travel Retail Conferent¢ to llnprove awareness and promote the achievements of the Foundation to date. The ¢0st for this eveDt, be8 travel, a¢¢ommodation and subsistence, were bmie by Hays Travel Limited to the value of £740. No Trnst¢¢ expenses have been reimbursed in the year12021'. Nil).
Hays Travel Foundation Notes to the financial statements at 30 Aprll 2022 9. Donations Period ded 2021 2Q22 Donations from Hays Travel Donations from P&0 91 90,848 IOD,000 Fundraising aetivities- John Hays memorial Fundraising activities- Sponsored walk 40,010 950 100,091 131,808 All income from donations and fundraising aetivities was unrestricted in both peri(Mls. 10. Controlling Party The company is governed by the Board of TntteS and is not under the control of any one individual. 12