THE HENOCQ LAW TRusr
ANNUAL REPORT AND
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
Charity Registration No. 1167312
KNOX CROPPER
chartered accountants

THE HENOCQ LAW TRusr
CONTENTS
Page
REFERENCE AND ADMINIThATIVE D￿AILs
TRusfEES' REPORT
INDEPENDE￿ EXAMINER'S REPORT
rATEMENT OF FINANCIAL AcrIvrrIES
BALANCE SHE
CASHFLOW sfATEME
NOTES TO THE FINANaAL gfATEMENTS
10-16

THE HENOCQ LAW TRUST
REFERENCE AND ADMINISTRATIVE DETAILS
Charity Number
1167312
Trustees
Deborah Law
Ronald Henocq
Franziska Willes
Roderick Smith
Principal Address
92 Webster Road
London
SE16 4DF
Independent Examiners
Knox Cropper LLP
65 Leadenhall Str￿t
London
EC3A 2AD
Bankers
CAF Bank Limited
10 St Bride Street
London
EC4A 4AD
Solicitors
Brecher LLP
4th Flcrf)r
64 North Row
London
WIK 7DA
Investment advisors
Edison Wealth Management
22A St James's Square
London
SWIY 4JH

THE HENOCQ LAWTRusr
TRusfEES' REPORT
YEAR ENDED 31 DECEMBER 2024
The Trustees of the charity P￿sent their statutory report together with the accounts of The Henocq Law Trust
("the Trust,? for the year to 31 December 2024.
The accounts have b￿n prepared in accordance with the accounting policies set out on pages 10 to 12 of the
attached accounts and comply with the Trusys Trust Deed, applicable laws, accounting standards (United
Kingdom Generally Accepted Accounting Practi￿) and Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordan￿ with the Financial
Reporting Stsndard applicable in the United Kingdom and Republic of I￿land (FRS 102).
INTRODUCTION
The Trust was established by a Trust D￿d dated 21 January 2016 and confirmation of registration with the
Charity Commission was re￿iVed on 24 May 2016 - Charity Registration Number 1167312.
The Trust was founded by the settlor Deborah Law and Ronald Henocq, alongside the other original Trustees
Roderick Smith and Franziska Willers, and was established by an initial gift of ten pounds from Deborah Law,
in the year 2016. The Trust does not actively fundraise and instead has been funded over the years by
substantial gifts to the Trust made by the Henocq Law family. The legacy of the Henocq Law Trust is a lasting
tribute to Peter and Anne Law, the parents of Deborah Law and seeks to continue the charitable work in
accordance with its objectives through careful stewardship of its existing resource5.
ACTIVITIES, SPECIFIC OBJEcfIvES AND RELEVANT POLICIES
Activities and specific objectives
The Trust's charitable objettive as expressed in its charitable objects is: "Such charitable purposes (according
to the law of England and Wales) as the Trustees think fit from time to time..
The Trust carries out these objects by funding:
Organisations identified by the Trustees as active in the field of the environment, arts and humanitarian
need; and
Individual scholarships for education and research in the priority areas.
Saving the planet, humanitarian needs and arts and culture are fundamentsl to public con￿rn and need. The
Trustees have chosen to prioritise these three areas because the biggest challenges facing humanity today are
environmental and humanitarian and working towards education and 501utions in these areas brings benefit to
humanity as a whole. The arts play a major role in advancing sustsinability and therefore the Trust also chose
to prioritise this area.
Objectives and activities for the public benefit
The Trust's sole activity is making grants to charitable organisations, fulling their aim to help people and the
environment they live in.
The Trustees have confinned that they have referred to the guidan￿ contained in the Charity Commission's
general guidance on public benefit when reviewing the Trusys aims and objectives, managing the Trust's assets
and considering applications for financial assistan￿.
The Trustees are in Corresponden￿ with all of the organisations that the Trust SUPPOrt5 and we receive
individual reports from all recipients of our grants to ensure that our grants deliver public benefit. We ensure
the public benefit is met by monitoring the activities of the recipients of our support.

THE HENOCQ LAW TRusr
TRUSTEES. REPORT (CONTINUED)
YEAR ENDED 31 DECEMBER 2024
AcrIvrrIES, SPECIFIC OBJEcmiES AND RELEVANT POLICIES (CONTINUED)
Grant making policy and aims
The Trust has established its grant making policy to achieve its objects for the public benefit to seek a world
which is sustainable for all and to improve the quality of people's lives. In order to award fundingi the
Trustees carry out research as to which organisations and education bodies have the m05t impact.
For example, in assessing which environmentsl organisations to support the Environmental Funders Networks
'Insights from UK Environment Sectorf report was consulted and used as a guide. In this report, 92 charitable
organisations conducting environmental work resp)nded to questions and the report detailed which were the
environmental organisations accomplishing the most. From this report the Trustee5 decided to fund a
number of the most effective environmental organizations including Gr￿npea￿, Friends of the Earth and the
Royal Society for the Protection of Birds.
ACHIEVEMENTS AND PERFORMANCE
During the year to 31 December 2024, the Trust invested in listed investsnents managed by Edison Wealth
Management.
During the year to 31 December 2024, a series of awards have b￿n made supporting varying sizes of
organisations, fulfilling our aims to help people and the environment they live in. These grants are set out in
Note 4.1 to the Accounts.
We are very pleased that these grants have been able to help small and large organisation5 operating in the
arts and the protection of the environment, promoting human rights and providing humanitarian aid.
FINANCIAL REVIEW
Results for the year
A summary of the yearfs results can be found on page 7 of this report and accounts.
Income amounted to £33,977 (2023: £1,073,811, of which £1,053,286 was derived from donations) and
£33,977 was derived from listed investments and bank interest receivable (2023.. £20,525). Expenditure
amount to £812,666 (2023.. £668,529). This balan￿ comprised £42,286 (2023: £46,679) relating to investment
manager fees and £770,380 (2023 £621,850) spent on charitable activities including grants and associated
support Costs.
The accounts for 2024 show a net decrease in funds of £450,540 (2023: increase of £768,220) after accounting
for net gains on listed investments of £328, 149 (2023: £362,938). The Trust's listed investments had a market
value of £4,613,645 at 31 D￿mber 2024 (2023: £5,019,358). Cash held by investment manager5 amounted
to £55,978) (2023: £103,415) bringing the total value of investsnents to £4,669,623 (2023: £5,122,773).
The total net assets in the balan￿ sheet amounted to £4,681,572 (2023: £5,132,112) and the Twst's funds
are unrestricted.
It is confirmed that the Trusys funds and anticipated income for the coming year are adequate to fulfil the
planned charitable acknvities of the Trust.
Reserves policy
The Trust has no committed expenditure, overhead5 or running costs and therefore it is not necessary to
maintain reserves. The Trust does not pledge awards in advan￿ and only allocates monies from its available
invested funds.
At 31 December 2023, the free reseNes of the Trust amounted to £4,681,572 (2023: £5,132,112), which the
Trustees believe is sufficient in the above context.

THE HENOCQ LAW TRusr
TRUSTEES. REPORT (CONTINUED)
YEAR ENDED 31 DECEMBER 2024
FINANCIAL REVIEW (coKfINUED)
Investment policy
The Trust's listed investsnents are managed by Edi50n Wealth Management.
The Trustees aim to make significant distributions in the future via the CAF cash account usually in two equal
yearly payments. The amount may vary depending on whether appropriate organisations and projects can be
found to fund or if indeed the objectives of the Trust change.
The Trust will also make regular payment to RIVA (Residencies in Visual Arts, a charity whose Trustees are also
Trustees of The Henocq Law Trust) to meet the rental costs of RIVA'S premises.
The spending policy of the Trust is something that has evolved over time. In futu￿, the Trustees may opt to
make larger single contributions. In the longer term, the Trustee5 may decide to embark on a policy of spending
down the capital completely but not for the next ten years.
The investment portfolio should be invested within ethical constraints as detailed in the investment Mandate.
GOVERNANCE, STRUCTURE AND MANAGEMENT
Appointment of Trustees and key management personnel
The Trust d￿5 not have employees and is managed by the founding original Trustees who are listed on page
I, with the founding members being responsible for the day-to-day running of the Trust and are considered to
be key management personnel. All Trustees have given their time freely and no Trustee remuneration was
paid in the year.
A new Trustee or new Trustees may be appointed at any time (etther by way of replacement or addition).
Trustees serve for three years after which they may put themselves fO￿ard for re-appointment. The Trustee
Board shall consist of at least persons but (unless otherwise detennined by the Trustees) there shall be no
maximum number of Trustees that may be appointed.
A Trustee may be appointed or discharged by a resolution of a m￿tIng of the Trustees, provided that a
memorandum declaring such appointment or discharge shall be signed as a deed, either at the meeting by the
person presiding or in some other manner directed by the meeting and affected by two persons present at the
meeting.
The Trustees meet as often as It needs to be effective, at least On￿ a year and meetings take pla￿ physically
or via video or telephone conference. Throughout the yearTru5tee5 ￿maIn in contact and correspond via email
and telephone. At Trustees, meetings, the Trustees agree the board strategy and areas of activity, including
considering grant making, investment, reserves and risk management policies and performance.
Risk management
The Trustees have considered the major risks to which the Trust is exposed and have reviewed those risks and
established systems and procedures to manage those risks.

THE HENOCQ LAW TRusr
TRusfEES' REPORT (CONTINUED)
YEAR ENDED 31 DECEMBER 2024
Risk management (continued)
The major operational risk is the extent to which our grants 5ucce55fully meet the Trusts objectives. The
Trustees manage this risk by retaining Trustees of sufficient expertise and skill and gaining advice from experts
in the field so as to ensure that our grants continue to meet our charitable objettives. Trustees are continually
updated by recipients as to their grant'5 use and effectiveness, and any funding is reviewed on an annual basis.
statement of Trustees, responsibilities
The Trustees are responsible for preparing the Trustee5' rep)rt and accounts in accordan￿ with applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Actrpted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial
year which give a true and fair view of the stste of affair5 of the Trust and of the incoming resources and
application of resources of the Trust for that period. In preparing these accounts, the Trustees are required
select suitable accounting policies and then apply them consistently:
observe the methods and principles in Accounting and Reporting by Charities: Ststement of Recommended
practi￿ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable to the United Kingdom and Republic of Ireland (FRS 102);
make judgements and estimates that are reasonable and prudent;
state whether applicable United Kingdom accounting standards have been followed, subject to any material
departures disclosed and explained in the accounts; and
prepare the accounts on the going concern basis unless it is inappropriate to presume that the Trust will
continue in operation.
The Trustees are responsible for k*ping proper accounting records that disclose with ￿asOnable accuracy at
any time the financial position of the Trust and enable them to ensure that the accounts comply with the
Charities Att 2011, applicable Charity (Accounts and Reports) Regulations and the provisions of the governing
documents. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable
Steps for the prevention and detection of fraud and other irregularities.
PLANS FOR THE FUTURE
The Henocq Law Trust aims to cement relationships with the recipients of grants whilst maintaining an open
mind to support other organisations with our charitable objectives.
Slgned on behalf of the Trustees:
Trust
Trustee
Deborah Law
Ronald Henocq
Approved by the Trustee5 on......
..2025

THE HENOCQ LAW TRusr
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE HENOCQ LAW TRusr
I report to the trustees on my examination of the accounts of The Henlocq Law Twst (the Charity) for the year
ended 31 December 2024, which comprise the Ststement of Financial Activities, the Balance Sh￿t and related
notes.
This report is made to the Trustees, as a body, in accordan￿ with the temis of my engagement. My work has
been undertaken so that I might carry out an Independent Examination of the financial statements in accordan
with the General Direttion5 given by the Charity Commissioners. To the fullest extent permitted by law, I do not
accept or assume reswnsibility to anyone other than the Charity and the Charity's Trustees as a body for my
work or for this report.
Responsibilities and basis of report
As the charity trustees of the Charity you are reskx)nsible for the preparation of the accounts in accordance with
the requirements of the Charities Att 2011 ('the ACV).
I rewrt in respect of my examination of the Charity's accounts carried out under settion 145 of the 2011 Art
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 confimi 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 Charity 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 con￿mIng the fonn and content of
accounts set out in the Charities (Accounts and Rewrts) 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 cOn￿rnS and have come across no other matters in connection with the examination to which attention
should be drawn in this rewrt in order to enable a proFer understanding of the accounts to be reached.
65 Leadenhall Street
London EC3A 2AD
Greg Stevenson FCA
Knox Cropper LLP
Chartered Accountants
S1*-iwLy
2025

THE HENOCQ LAW TRUST
srATEMENT OF FINANCIAL AcrIvrrIES
INCLUDING INCOME AND EXPENDrruRE ACCOUNT
YEAR ENDED 31 DECEMBER 2024
Unrestricted Funds
2024
2023
Not
Income from
Donations and grants
Investments, income and interest receivable
1,053,286
20,525
33,977
Total income
33,977
1,073,811
Expenditure on
Raising funds
Investment management fees
Charitable activities
42,286
770,380
46,679
621,850
Total expenditure
812,666
668,529
Net expenditure
Gains/(105ses) on investments
(778,689)
328,149
405,282
362,938
Net movement in funds
(450,540)
768,220
Reconciliation of fvnds
Fund balances brought forward
5,132,112
4,363,892
Fund balances carried forward
£4,681,572
£5,132,112
The notes on page5 10 to 16 fomi part of these financial statements.
The 5tstement of financial activities indudes all gains and losses recognised in the period.
All income and expenditure derive from continuing activities.

THE HENOCQ LAW TRUST
BALANCE SHEEr
AS AT 31 DECEMBER 2024
2024
2023
Notes
Fixed assets
Investments
4,669,623
5,122,773
Current assets
Debtors
Cash at bank and in hand
130
16,139
2,729
13,210
16,269
15,939
Creditors: amounts falling due
within one year
(4,320)
(6,600)
Net Current Assets
11,949
9,339
Totsl assets less current liabilities
£4,681,572
£5,132,112
Income funds
Unrestricted funds
10
4,681,572
5,132,112
£4,681,572
£5,132,112
The financial statements were approved by the Trustee5 On ...................
..2025
Trustee
Trustee
Deborah Law
Ronald Henocq
The notes on pages 10 to 16 form part of these financial statements.

THE HENOCQ LAW TRusr
srATEMENT OF CASH FLOWS
YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
Net Cash Provlded by (used in) Operating Activities
Cash flows from investing activities:
Dividends and interest from investments
Movement in Investment Managerfs Cash
Proceeds from sale of investments
Gift of Investments
Purchase of investments
(812,347)
384,188
33,977
47,437
3,072,168
20,525
(12,952)
3,225,564
(1,053,286)
(2,564,150)
2,338,306
Net cash provided by (used in) investing activities
815,276
(384,299)
Change in cash and cash equivalents in the reporting
period
2,929
(111)
Cash and cash equivalents at the Winning of the repo￿ng
period
13,210
13,321
Cash and cash equivalents at the end of the reporting
period
£16,139
£13,210
Reconciliation of net incomel(expenditure) to net cash flow from operating activities
2024
2023
Net incomel(expenditure) for the reporting period:
(as per statement of financial acttvtties)
(Gains)ILosses on Investments
Dividends and interest from investsnents
(Increase)/decrease in debtors
Increasel(decrease) in creditors
(450,540)
(328,149)
(33,977)
2,599
2,280
768,220
(362,938)
(20,525)
(2,729)
2,160
Net cash provided by (used in) operating activities
£(812,347)
£384,188
Analysis of changes in net funds
At 01/0112024
Cashflows
At 3111212024
Cash at bank
£13,210
£2,929
£16,139

THE HENOCQ LAW TRUST
NOTES TO THE FINANCIAL sfATEMENTS
YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POUCIES
Charity Information
The Henocq Law Trust is an unincorwrated Trust. Its principal pla￿ of business 15 92 Webster Road,
London, SE16 4DF.
1.1 Accounting convention
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practi￿ applicable to Charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I
January 2019) and the Charities Act 2011. The Charity constitutes a public benefit entity as defined by
FRS 102.
The financial statements have been prepared to gtve a 'true and fairf view and have departed from the
Charities (Accounts and Reports) Regulations 2008 only to the extent ￿qUired to provide a 'true and fair,
view. This departure has involved following Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordan￿ with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather
than the Accounting and Reporting by Charities: Statement of Recommended Practice effettive from I
April 2005 which ha5 Sin￿ b￿n withdrawn.
The financial statements are prepared in sterling, which 15 the functional cUr￿nc¥ of the Charity.
The financial statements have b￿n prepared under the historical cost convention, with items recognised
at cost or transaction value unless Otherwise stated in the relevant notes to these accounts.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the
Charity has adequate reSoUr￿S to continue in operational existence for the foreseeable future. The
Charity is not an operational Charity having staff and overheads but makes grants and donations from its
investment income.
The Trustees have assessed whether the use of the going con￿rn assumption is appropriate in preparing
these accounts. The Trustees have made this assessment in respect to a period of one year from the
date of approval of these accounts.
The Trustee5 of the Trust have concluded that there are no material uncertainties related to events or
conditions that may cast significant doubt on the ability of the Tw5t to continue as a going concern. The
Trustees are of the opinion that the Trust will have sufficient reSoUr￿S to meet its liabilities as they fall
due.
1.3 Charltable funds
General funds are unrestricted funds which are available for use at the discretion of the Trustee5 in
furtheran￿ of the general objectives of the Charity and which have not been designated for other
purposes.
1.4 Income
Income is recognised once the Charity has entitlement to the income, it is probable that the income will
be received, and the amount of income receivable can be measured reliably. All income is stated gross
of any expenditure.
Donations are recognised when the Trust has confirmation of both the amount and the settlement date.
In the event of donations pledged but not received, the amount is accrued for where the receipt is
considered probable. In the event that the donation is subject to conditions that require a level of
performan￿ before the Trust Is entitled to the funds, the income is deferred and not recognised until
10-

either the condition5 are fully met, or the fulfllment of these conditions are wholly within the control of
the Trust and it is probable that these condttions will be fulfilled in the reporting pericKI.

THE HENOCQ LAW TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES (CONTINUED)
1.4 Income (continued)
Dividends and distributions from investment funds are recognised once the dividendldistribution has been
declared and notification has been received of the amount due. Notional distributions which are reinvested
by Investment Funds which are Accumulation Funds are not taken into account as income because the
distribution 15 not received by the Charity. Instead, the reinvested amounts increase the value of the
Investment Funds and thi5 is reflected in the realised and unrealised gains of the Charity. The Charity's
investment income and investment gains are all credited to the same unrestricted reserve and therefore
there is no requirement to separate out the income from the gains in respect of these funds.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably
by the Trust; this is normally upon notification of the interest paid or payable by the bank.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party,
it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Expenditure comprises the following:
a) Expenditure on raising funds includes fees paid to investment managers in connection with advice
on and management of the Trust's listed investments.
b) Expenditure on charitable attivities comprises grants payable. Grants payable are included in the
statement of financial activities when approved and when the intended recipient has either received
the funds or been informed of the decision to make the donation and has satisfied all related
conditions. Grants approved and communicated but not paid at the end of the financial year are
accrued for. Grants where the beneficiary has not b￿n informed or has to meet certain conditions
before the grant is released are not accrued for but are noted as financial commitments in the note5
to the accounts.
All expenditure is stated inclusive of irrecoverable VAT.
1.6 Allocation of support and governance costs
Support Costs represent indirect charitable expenditure. In order to carry out the primary purposes of the
Trust it is ne￿Sary to provide support in the fomi of administrative seNI￿s.
Governance costs comprise the costs involving the public accountabilty of the Trust (including audit Costs)
and costs in respect of its Complian￿ with regulation and good prattice.
Support costs and governance costs are apportioned directly to the one charitable activity.
1.7 Fixed asset investments
Investments are a fomi of basic financial instrument and are initially recognised at their transaction value
and subsequently measured at their fair value as at the balan￿ sheet date using the closing quoted
market price. The Statement of Financial Activities includes the net gain5 and losses arising on disposals
during the year and fair value adjustments at the year end.
1.8 Taxation
The Henocq Law Trust is a registered Charity and is not liable to income or capitsl gains taxes on its
present activities.
1.9 Debtors
Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments
are valued at the amount prepaid.
12-

THE HENOCQ LAW TRusr
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES (CONTINUED)
1.10 Cash at bank and in hand and short term deposits
Cash at bank and in hand represents such accounts and instruments that are available on demand or have
a maturity of less than three months from the date of acqui51tion. Deposits of more than three months
but less than one year have been disclosed as short temi detYJ5its.
1.11 Creditors
Creditors are recognised where the Charity has a present obligation resulting from a past event that will
probably result in the transfer of funds to a third party and the amount due to settle the obligation can be
measured or estimated reliably. Creditors are usually recognised at their settlement amount.
1.12 Fund structure
The unrestricted income fund represents funds available for the general charitsble purpose5 of the Trust
at the discretion of the Trustees.
1.13 Critical accounting estimates and areas of judgement
There are no areas in the accounts requiring the Trustees to make significant judgements and estimates.
DONATIONS AND GRANTS
2024
2023
Gifted Investments Note 5)
£1,053,286
INVESTMENTS
2024
2023
Income from listed investments
Bank interest
Brokers interest
27,374
76
15,625
92
£33,977
£20,525
CHARITABLE ACTIVITIES
2024
2023
Grants (4.1)
Support Costs (4.2)
755,000
604,250
£770,380
£621,850
13-

THE HENOCQ LAW TRusr
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
CHARITABLE ACTIvrrIES (CONTINUED)
4.1 Grants payable
2024
2023
Grants during the year comprise:
350 Org (2 payments)
British Red Cross Society
Bug Life
Bumblebee Trust
Butterfly Conservation (2 payments (2023: 2 payments))
Client Earth (2 payments (2023: 2 payments))
Compassionate Revolution (Extinction Rebellion)
(4 payments (2023: 2 payments))
Environment Investigation Agency
Freedom from Torture
Friends of the Earth (2 payments (2023: 2 payments))
Froglife Trust
Greenpea￿ (2 payments (2023: 2 payments))
Kew Gardens
Knepp Wildland (2023: 2 payments))
London Symphony Orchestra
Matts Gallery
Medecins Sans Frontieres (2 payments)
Orchestra of the Age of Enlightenment
People's Trust for Endangered Species
Plantlife
Residencie5 in Visual Arts (3 payments {2023: 3 payments))
Royal Society for the Protection of Birds (2023: 2 payments))
South Downs National Park
Survival International (2023: 3 payments))
Unicef (2 payments)
Wildfowl and Wetlands Trust
Wildlife Trusts
Woodland Trust (2 payments)
30,000
10,000
5,000
5,000
15,000
100,000
5,000
5,000
15,000
100,000
30,000
15,000
1,000
loo,000
5,000
100,000
15,000
5,000
15,000
20,000
15,000
75,000
5,000
loo,000
25,000
15,000
1,000
30,000
25,000
3,000
5,000
26,000
20,000
5,000
80,000
15,000
15,000
20,000
25,000
3,750
5,000
24,500
15,000
5,000
120,000
15,000
£755,000
£604,250
14-

THE HENOCQ LAW TRUST
NOTES TO THE FINANCIAL sfATEMENTS
YEAR ENDED 31 DECEMBER 2024
CHAIUTABLE ACTIVITIES (CONTINUED)
4.2 Support costs
The breakdown of support costs and how these are allocated between Governance and Charitable
Activities is shown in the tsble below.
Governance
costs
2024
Charitable
activities
2024
Total
Total
2024
2023
Cost type:
Bank charges
studio rental costs
Audit fees
Over provision of accountancy
fees in previous year
60
60
11,000
4,320
60
11,000
6,600
(60)
11,000
4,320
£4,380
£11,000
£15,380
£17,600
TRUSTEES AND RELATED PARTY TRANSAcfIoNS
During the year to 31 December 2023, a Trustee, DeLx)rah Law, donated £1,053,286 to the Charity in the
form of shares to the Trust. No donation has b*n made in the current year and there were no conditions
attached to this donation. Studio rent payable to a Trustee, Ronald Henocq, by the Charity for the year
ended 31 De￿mber 2024 was £11,000 (2023: £11,000). During the year the Charity paid grants totalling
£26,000 (2023: £24,500) to Residencies in Visual Arts (RIVA), a charity (Charity Registration Number
1096756), of which two of the Trustees, Deborah Law and Ronald Henocqi are also Trustees of The
Henocq Law Trust. In accordan￿ with the Charity's policy, Trustees Withdraw from decisions when a
conflict of interest arises. No Trustees r￿1Ved any remuneration or reimbursement of expenses in either
this year or the previous year.
EMPLOYEES
There were no employees during the year or the previous year.
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THE HENOCQ LAW TRusr
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
FIXED ASSEf INVESTMENTS
2024
2023
(a) Quoted Inveslrnent5 at Market Value
Cash with Investment Managers
Total Investments
4,613,645
55,978
5,019,358
103,415
£4,669,623
£5,122,773
(b) Movement in Investments
Market value as at l January 2024
Gifted Investsnents
Additions
Disposals
Investment gainsl(losses)
5,019,358
4,264,548
1,053,286
2,564,150
(3,225,564)
362,938
2,338,306
(3,072,168)
328,149
Market value at 31 December 2024
£4,613,645
£5,019,358
Cost at 31 December 2024
£4,248,356
£4,700,050
Quoted Investments with more than 5 % of market value, which are considered to be material.
Schroder ISF Global Sustainable Growth
CT UK Social Bond I Acc
Royal London Sustainable Leaders Trust C Acc
Wellington Global Impact Bond N
PIMCO GIS Global Bond I Inc
SPDR S&P 500 UCFrs ErF
Stewart Investors Asia Pacific Sustainable B
Pictet Global Sustsinable I ACC
9.30
5.48
10.67
6.62
10.05
10.96
5.08
9.60
The carrying amount of financial a55ets measured at fair value through income and expenditure within
investments is £4,613,645 (2023: £5,019,358)
DEBTORS
2024
2023
Insurance due from RIVA
Tax recoverable on interest
Transaction charges due from Investrnent Managers
514
1,651
564
115
15
130
2,729
16-

THE HENOCQ LAW TRusr
NOTES TO THE FINANCIAL sfATEMENTS
YEAR ENDED 31 DECEMBER 2024
CREDrroRS: amounts falling due within one year
2024
2023
Audit fees
Independent Examination fees
6,600
4,320
4,320
6,600
10. NET ASSETS BETWEEN FUNDS
Unrestricted
Total
2024
Fixed Assets
Current Assets
Current Liabilities
4,669,623
16,269
4,669,623
16,269
£4,681,572
£4,681,572
Unrestricted
Totsl
2023
Fixed Assets
Current Assets
Current Liabilities
5,122,773
15,939
5,122,773
15,939
£5,132,112
£5,132,112
11. TAXATION
The Henocq Law Trust is a registered charity and is potentially exempt from taxation in respect of income
and capital gains received within the categories covered by Part II of the Corporation Tax Act 2010 or
Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are
applied to charitable purposes.
17-