2024-12-31-accounts

Regirtered Charity Number: 1161495 Report of the Tn45tees and Unaudited Financlal 5tstements for the Year ended 31 December 2024 For The Henfrey Charitable Trust

The Henfrey Charitable Trust Report of the Trusteos for the Year ended 31 December 2024 The trustees present their report Wtth the financial stslements of the charty for the year ended 31 December 2024. The Iruslees have adopted the provisions of Accounting and Report("ng by Charities.. Ststement of Recommended Prackn'ce applicable to charities preparing their accounts in ac¢ordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireiand IFRS 102) leffecb've 1 January 2015) Objectives and Activitses Charitable obleets The eharitable objects of The Henfrey Chantable Trust are su¢h charilable purposes for the publ￿ benefit as are exclusively charitable according to the laws of Engiand and Wales by the provision of grants to charrties registered in the United Kingdom. Public bengfit The trustees have referred lo the guKJar¢ce contained in the Charrty Commi$$ion's general guidance on public benefit when reviewing the charity's purposes for the public benefit and in planning fijture activities. Grant maklng The charity supports a wide range of chartsble and voluntary org2nisations wrth an emphasis on educational, cultural and environmental aciivibes of all kinds bul especially those based in North East England and South East Scotland. However. the trustees have agreed as a matter of policy. the charity WTII not respond to unsolicited requests for )Inancial support from third paty organisalions. Trust￿ are encouraged to tske an interest in the projects funded by the charity- A¢hievements and Perfomiance Charftable activitigs During the course of 2024 the charty made grants totalling £76.259 to a broad range of ¢haritsble organisalions. Flnanclal Revi•w Financial position At 31 December 2024, the charty had an unrestricted fund balance of £478,475. The charity's cash held at bank at 31 December 2024 was £8,753 and the market value of rts investsnents was £470.587. Invgstment polley and objectivos The charity's deed of trust requires the trustees to take invesknent advice from a suitably qualified financial 8dvisor in making investments. The Iruslees aim lo manage the chanty's general fund with a low risk profile and with the primary objective of maintaining rts capital value in real terms before taknng into account donattons made to third parties by the charity. Reserve8 poIIcy The Iruslees have adopted a long tenn 'spend down, strategy in managing the ¢hanty's general fvnd with the aim of liquidating the bulk of the assets over a 12 to 15 year period. Futur9 plans The Iruslees intend to conts.nue their grant makin9 activities in line with the 'Objeth"ves and Athibes, set out above. Strncture, Govemanee and Management The charty is controlled by its goveming d¢xument. a of trust d*ed 11th Mar¢h 2015 and constitutes an unincorporated charity. Recruftment and appolntment of new trnstees The trustees consider that they have the skills and experience appropriate for a charitable trust of this size. Mr John Pennie was appointed as a trustee on 23ffj May 2022 to work alongside, Dr AW Henfrey who will hold office for life, Mr JP Radgick and Mr JSR Swanson who have held office for one lemi of five years and have ag￿ed to serve for a further five years.

Risk managernent The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate conlmls are in place to provide reasonabie assuran￿ against fraud and error. The tnjstees have made gn assessment of the major risks facing the charity and are satisfied that there are policies in place to minimise these risks. Referènco and Administratlvè Detsl RegiSte￿d thanty number 1161495 Principal address East Wing Callaty Ca￿9 Alnwck Northumberland NE66 4TA Trustegs Dr AW Henfrey JP Radgid( JSR Swanson J Pennie Approved by cyder of the board on 4wEI.7t( .70.15.... and signed on Its behalf by: Dr AW Henfrey- rustee

The Henfrey Charitable Trust Statoment of Financial Actlvities for the year ended 31 December 2024 2024 2023 Unrestricted Unrestri¢ted Funds Funds Income and Endowment from Donations and legacies Investment income 2.500 14 Total 14,953 17,160 Expenditure on Charitable activit Grant making 76,259 46,325 Support Costs Totsl 81.611 50,950 Nel gainslllos8esl on investments Net In¢omellExpenditurol Reconclliatlon of Funds Total Funds brought forward Total Funds carried fO￿ard 532 534 478 475 526 728

The Henfrgy Charitable T￿￿t Balance Sheet at 31 Doeember 2024 024 23 Unrestrtcted Unrestri(ted Funds Fund$ Current Assets Debto Investments 470.587 493.960 Cash al bank 479,340 528.453 CreditcKs Amounts f811ing due within one year 865 Net Clrrrenl Assets 478 475 Total assets less Current 478 475 N81 Assets 478 475 Funds Unrestricted FurKIs 10 478 475 526 728 TO1￿ Funds 478 475 The financlal st8tem8nts were approved by the Board oflrustaes on 4rt2•nd wer8 slgned on ffts behalf by.. Dr AW H•nfr•y JSR Swonson- Trusteo

The H•nfrey Charltable Trust Noted to the Flnancial Statgments for the Year ended 31 December 2024 1. Accounting Policles Basis of preparing the financial ststements The financial statements of the charty, which is a public entsty under FRS 102, have been prepared in accordance th the Charities SORP {FRS 1021 'Accountsng and Reporting by Charrties.. Statement of Recommended Practice applicable to charities p￿paring their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic ol I￿land (FRS 102}leffectt"ve 1 January 2015}'. Financial Reporting Stsndard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and charib.es Act 2011. The financial statements have been prepared under the historical cost convention. Income l income is recognised in the Statement of Financkql Acttvrties On￿ the charity has ent￿ement to the funds, it is probable that income will be receNed, and the amunt can rrEasured reliabty. Expenditure Liabilities are recognised as expenditure as scon as there is a legal or constructive obligation committing the chari1 to that expenditure. it is probable that a transfer of e￿noMiC benefits will be required in settlement and the amoun1 of the obligab.on can be measured reliabty. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attn'butei to particular headings they have been all￿ated to activiti.es on a basis con$islent with the use of resources. Grants offered subject to condibons which have not been mel at the year*nd date a￿ noted as a commitment but not accwed as expenditure. Taxation The chanty i8 exempt from tax on ils charitabfe activit￿. Fund accounting Unreslri¢led funds ¢an be used in accordance wrth the charitable objectNes at the discretion of the trustees. Restricted funds can onty be used for particular restricted pU￿)se$ within the objects of the charity. Restrictions anse when speLified by the donor or when funds are raised for a parbcular ￿$tn'Cted purposes. Further explanab.on of the nature and purpose of each fund is included in the noles to the financial statements. Basie financial instruments The charity accounts for basic financial instruments on initi.al recojntb.on as per paragraph 11.7 Charities SORP IFRS 102) D•btors Debtors (including trade debtors and loan receivab￿} are measured on inrtial reccynition at settlement amount aftE any trade discounts or amount advanced by the charity. Subsequenty, they are measured at the Gash or other consideration expected to be received. Credltors The charity has creditors which are ￿taS￿red at settlement amounts jess any trade discount. Investment Income 202 2024 Interest and dwidends receivable 14,953 14.660

Grnnts Payable Grant Making Grant Making 2023 46,325 76,259 The total grdnts paid to instftutiong during the year wa8 as follow5: 2024 8.500 Music al Paxton Fnends 0f￿ittlngh2rn Burial Ground Institute of Economic Affairs Historic Chapels Trust Gabrieli Trust st Catherine's College Oxford The Durham Singers Wooler Arts Spitalfields Festival Manchester Contemporary Youth Opera Shepherds Law Hermitage St Michael's Church Samling Academy Opera Stationers Foundation Ethiopia Medical ProFct Community Foundation Continuo Foundation Waterloo Uncovered Duchess Community High Schcol Alnwck Music Society Glanlon Show North Music Trust University of Oxford Development Trust Konlum Hill Tribe Hospitality & Hope The Paxton Trust PCC Whittingham & Edlingham Melrose Music Fests"val Lit & Phil Parkinson's UK The Glasshouse Intemab'onal Tangrarn 2022 7,000 275 2,000 1,000 859 8.000 6.000 1.000 2,000 2.000 6,000 5.000 8,500 1,000 6,000 1.000 10,000 200 20,0 4,500 2,000 3.000 1,000 150 100 loo 1,000 1.000 600 1.500 5,000 550 51x1 250 1,000 1,500 4. Trust￿. Remunerdtion and Beneflts There were no trustees. remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31st December 2023. Trustfyos. exp•nses One trustee was reimbursed travel & other expenses incurred on behalf of the Trust amounting to £3,546 in the year ended 31 December 202412023.. £2,250). 5. Comparatlves for thg Statement of Financial Acttvitws The comparative amounts presented in the state￿￿nt of financial activibes all relate to unrestricted funds

1. Staff Costs There were no employees for the year ended 31 December 2024 nor for the year ended 31 December 2023.
2. Debtor8: Amounts Falllng Due Wrthin One Year 2024 2023 Other debtors
3. Current Assets Investments 2024 2023 Listed Investments 47
4. Creditorn: Amounts Falling Du8 Whhin One Year 2024 2023 Other Creditors
5. Movement in Funds At 1.1.24 Net movement In funds At 31.12.24 Unreslricled fijnds 526.728 {48.253} 478,475 Ngt movement in funds, included in the abovè are as follows: Incoming Resources Galn8 and losses Movement in funds expended Unrestricted fttnds General fund 14.953 (81.611) 18.405 {48,2531
6. Related Party Di%105ur Dr A W Henfrey is an Honorary Fellow of St Catherine's College, Oxford. He resigned as a TnJstee of Opera dei Lumi on 31.12.24 and from The Paxton Trust on 30.11.24. Mr J Radgick is a Trustee of Glanton Show. Mr J Pennie is a Trustee of The Samling Instrtute.

The Henfrey Charftable Tn￿t D•tai1gd Statement of Financlal Activitles for th• Year ended 31 D•cember 2024 2024 2023 Income and Endovlments Donatr"ons and legacies Donations Gift 2,000 500 Investment income Interest and dividends receivable Total incorning resources Expenditurg 14,953 17,160 Charitable activitl¢s Grants to institutions 76,259 46,325 Support costs Total resources exp•nded Net expendlture 790