**To**
## **Trustees' Annual Report for the period**
Period start date Period end date 02 Sept 2019 01 Sept 2020
**From**
## Section A Reference and administration details
**Charity name** The Hargreaves Lansdown Charitable Foundation **Other names charity is known by** The HL Foundation **Registered charity number (if any)** 1167927
**Charity's principal address** 1 College Square South, Anchor Road, Bristol **Postcode BS1 5HL**
## **Names of the charity trustees who manage the charity**
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Heather Williams|Chair|||
||DannyCox||||
||Rob Byett||||
||Tim Monelle||||
||John Smith||||
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## **Names of the trustees for the charity, if any, (for example, any custodian trustees)**
**Name Dates acted if not for whole year**
**TAR**
March **2012**
1
|**Names and addresses of advisers (Optional information)**
**Type of adviser**
**Name**
**Address**|**Names and addresses of advisers (Optional information)**
**Type of adviser**
**Name**
**Address**|**Names and addresses of advisers (Optional information)**
**Type of adviser**
**Name**
**Address**|
|---|---|---|
||||
||||
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## **Name of chief executive or names of senior staff members (Optional information)**
## **Section B Structure, governance and management**
## **Description of the charity’s trusts**
Constitution Type of governing document (eg. trust deed, constitution) Charitable Incorporated Organisation How the charity is constituted
- (eg. trust, association, company)
The Foundation’s constitution provides for a minimum of 3 and a Trustee selection methods maximum of 5 trustees, not less than one third of whom are appointed by (eg. appointed by, elected by) the charity trustees, and two thirds of whom are nominated by Hargreaves Lansdown plc. New Trustees have to undergo a recruitment process involving submission of application form addressing suitability for the role and then an interview by at least two of the serving trustees
## **Additional governance issues (Optional information)**
You **may choose** to include additional information, where relevant, about:
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
- trustees’ consideration of major risks and the system and procedures to manage them.
## **Section C Objectives and activities**
**TAR**
March **2012**
2
|**Summary of the objects of the**
**charity set out in its**
**governing document**
**Summary of the main**
**activities undertaken for the**
**public benefit in relation to**
**these objects (include within**
**this section the statutory**
**declaration that trustees have**
**had regard to the guidance**
**issued by the Charity**
**Commission on public**
**benefit)**|The objectives of the CIO are to further such exclusively charitable
purposes according to the law of England and Wales and the trustees in
their absolute discretion from time to time determine|
|---|---|
||Fundraising by volunteers for the benefit of the charities, nominated by
and voted for by HL Colleagues
The Hargreaves Lansdown Charitable Foundation is the charitable arm of
Hargreaves Lansdown. Our mission is to utilise the skills and time of our
workforce and partners to make a positive, sustainable difference in the
world around us.
We focus on four pillars: the next generation, local communities, health
and wellbeing and improving lives. Our partnership with our 5 charities
came to an end on 1stSeptember 2019. From 2ndSeptember to 31st
December we focused our fundraising efforts on our ‘season of giving’
appeal. This involved fundraising, volunteering and food / clothing /
present donations for the following charities: St Mungo’s, Fareshare and
Every Child Needs Christmas. From January 1st, we started our
partnership with Help Bristol’s Homeless. We selected charities
corresponding to these pillars which we will support through a range of
fundraising events and volunteering opportunities until the end of
December 2020. The charities are nominated and selected by
employees; the foundation is not open to requests of support on any
other basis until then.
Our charity of the year benefits from all the money raised through the HL
Charitable Foundation.
Administration and day to day communication are also done by
volunteers.
Hargreaves Lansdown meets the cost of running the HL Charitable
Foundation.|
## **Additional details of objectives and activities (Optional information)**
**TAR**
March **2012**
3
You **may choose** to include further statements, where relevant, about:
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
## Section D Achievements and performance
**TAR**
March **2012**
4
## Section D Achievements and erformance p
**Summary of the main achievements of the charity during the year**
Our fund raising activities in 2019/20 have focused on events with low or no outlay (guaranteed profit) and high levels of HL colleague participation. Our partnership with our 5 charities came to an end on 1[st] September 2019. From 2[nd] September to 31[st] December we focused our fundraising efforts on our ‘season of giving’ appeal. This involved fundraising, volunteering and food / clothing / present donations for the following charities: • St Mungo’s • Fareshare • Every Child Needs Christmas
From January 1[st] , we started our partnership with Help Bristol’s Homeless. In a departure from previous years, the HL Donation would now be delivered on a quarterly basis, as opposed to a lump sum at the end of the year. This is to allow the foundation to contribute to time bound appeals. Additionally, HL agreed to double match colleague payroll giving. Payroll giving saw a significant increase, with an increase from £211 to a high of £2,400 in the summer months. There was an increase from 23 colleagues in December 2019 to a peak of 241 in May. Furthermore, the trustees also agreed that whilst we would have a partner charity, flexibility would also be allowed to support local causes that had a specific focus and time bound campaign Help Bristol’s Homeless: As a departure from previous fundraising, we set ourselves a clear target to raise enough money to find: - A new wellbeing centre - 2 self-contained flats
The wellbeing centre was the main focus of activity and we raised over £26,000 for this. From the left over fundraising, we are anticipating over £70,000 to be donated to Help Bristol’s Homeless which will cover the two flats. We had planned an Art Action as a large fundraising event, however, due to coronavirus, plans for this had to be put on hold. Coronavirus response: In March, Covid-19 hit and a result impacted our ability to fundraise for the HL Foundation, and our charity partner. The majority of colleagues were now working from home, and large gatherings were banned. This meant that the traditional forms of fundraising and bringing colleagues together were no longer feasible. We undertook zoom challenges, Strava challenges and a ‘Shorts for a Short week’ fundraiser, however without the visible presence of a bucket or collection jar, donations were very light. Covid also resulted in the HL Foundation utilising the new ‘flexibility’ granted to it and we launched an appeal to support local NHS charities, Above and Beyond and the Southmead Hospital Charity. The just giving page was the main source of donations, with colleagues encouraged to donate the money saved from their daily coffee, commute and new working from home allowance. Overall we donated £39,752.54 to the NHS charities as a result of our covid19 appeal. We also managed to secure a further donation from HL in response to Mental
**TAR**
March **2012**
5
Section D Achievements and erformance p
Health Awareness Week. The theme for 2020 was ‘kindness’ and HL donated £15 per colleague to the foundation for one of the following charities. Colleagues were able to vote for where their donation went, with the following split:
|split:||
|---|---|
|Charity|Donation
amount|
|Changes|£5,704.28|
|Help Bristol's
Homeless|£7,509.73|
|Above and Beyond|£5,393.00|
|Southmead Hospital
Charity|£5,393.00|
## Sport
HL colleague tournaments (e.g. netball and cricket) where HL covered most or all of the cost of the event, colleagues paid to play, and profits went to the Foundation after paying for prizes.
- Helpdesk football tournaments – raised £250
3rd party events where colleagues raised money for a specific HL Foundation charity, examples include:
- Break the Cycle – raised £3818 for Bristol Sport Foundation
Colleagues also undertook challenges to raise money for the Foundation, including cycling the distance of the Tour de France which raised £705
The lottery
The monthly payday lottery took a brief hiatus from March onwards due to the impact of coronavirus as we were unable to host a virtual lottery.
**TAR**
March **2012**
6
## **Section E Financial review**
**Brief statement of the charity’s policy on reserves**
The reserves we have set aside provide financial stability and the means for development of our principal activity. We intend to maintain our reserves at a level which is at least equivalent to £500 to cover the cost of fundraising activities taking place in the early part of our financial year. The Board biannually reviews the amount of reserves that are required to ensure that they adequate to fulfil our continuing obligations
**Details of any funds materially in deficit**
## **Further financial review details (Optional information)**
You **may choose** to include additional information, where relevant about:
- the charity’s principal sources of funds (including any fundraising);
- how expenditure has supported the key objectives of the charity;
- investment policy and objectives including any ethical investment policy adopted.
## **Section F Other optional information**
## **Section G Declaration**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s) Full name(s)** Heather Williams **Position (eg Secretary, Chair,** Chair **etc) Date** 22/06/21
**TAR**
March **2012**
7
||**Charity Name**
**The Hargreaves Lansdown Charitable Foundation**
|**Charity Name**
**The Hargreaves Lansdown Charitable Foundation**
|**Charity Name**
**The Hargreaves Lansdown Charitable Foundation**
|**No (if any)**
**1167927**|**CC16a**|
|---|---|---|---|---|---|
||**Receipts andpayments accounts**|||||
||**For the period**
**from**|02.09.2019
Period start date|**To**|Period end date
01.09.2020||
|||||||
|**Section A Receipts and payments**||||||
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**|**Restricted funds**
**to the nearest £**|**Endowment**
**funds**
**to the nearest £**|**Total funds**
**to the nearest £**||
|Donations Received|**211,579**|**-**|**-**|**211,579**|**100,110**|
|FundraisingEvents|**23,183**|**-**|**-**|**23,183**|**28,033**|
|**_Sub total_**_(Gross income for_
_AR)_|
**234,762**|**-**|**-**|**234,762**|**128,143**|
|||||||
|**A2 Asset and investment sales,**
**(see table).**||||||
|**n/a**|**-**|**-**|**-**|**-**|**-**|
|**_Sub total_**|**-**|**-**|**-**|**-**|**-**|
|**_Total receipts_**
**A3 Payments**||||||
||**234,762**|**-**|**-**|**234,762**|**128,143**|
|||||||
|Account Charges|**389**|**-**|**-**|**389**|**611**|
|Cost of Fundraisingevents|**2,855**|**-**|**-**|**2,855**|**8,177**|
|Grants and donations made|**169,070**|**-**|**-**|**169,070**|**110,000**|
|**_Sub total_ **|**172,314**|**-**|**-**|**172,314**|**118,788**|
|||||||
|**A4 Asset and investment**
**purchases, (see table)**||||||
|**n/a**|**-**|**-**|**-**|**-**|**-**|
|**_Sub total_ **|**-**|**-**|**-**|**-**|**-**|
|**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**||||||
||**172,314**|**-**|**-**|**172,314**|**118,788**|
|||||||
||**62,448**|**-**|
**-**|
**62,448**|**9,355**|
||**-**|**-**|**-**|**-**|**-**|
||**55,721**|**-**|**-**|**55,721**|**46,366**|
||**118,169**|**-**|
**-**|**118,169**|**55,721**|
## **Section B Statement of assets and liabilities at the end of the period**
|**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B4 Assets retained for the**
**charity’s own use**
**B3 Investment assets**
**B2 Other monetary assets**
**B1 Cash funds**
S)|**Details**|**Unrestricted**
**funds**
**to nearest £**|**Restricted**
**funds**
**to nearest £**|**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
OK
**Endowment**
**funds**
**to nearest £**
**-**
**Current value**
**(optional)**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**When due**
**(optional)**
Date of
approval
17/03/2021
20/06/21
22/06/21|
|---|---|---|---|---|
||Cash at bank|**74,647**|**-**|**-**|
||Other cash|**43,522**|**-**|**-**|
||s
**Details**
**_Total cash funds_**
(agree balances with receipts and payments account(s))|**118,169**|**-**|**-**|
|||OK|OK||
|||**Unrestricted**
**funds**
**to nearest £**|**Restricted**
**funds**
**to nearest £**||
||n/a||**-**|**-**|
||**Details**|**Fund to which**
**asset belongs**|**Cost (optional)**||
||Collection of collector edition coins donated|**Unrestricted**|**-**|**-**|
||Donated listed equities|**Unrestricted**|**-**|**-**|
||**Details**|**Fund to which**
**asset belongs**|**Cost (optional)**||
||n/a||**-**|**-**|
||||**-**|**-**|
||**Details**|**Fund to which**
**liability relates**|**Amount due**
**(optional)**||
||n/a||**-**||
||Signature|Print|Name||
|||||Date of
approval|
|||Heather Williams||20/06/21|
|||DannyCox||22/06/21|
||1||||
CCXX R1 accounts (SS)
**Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
## **Report to the trustees/ members of** The Hargreaves Lansdown Charitable Foundation
**On accounts for the year Charity no** 1 September 2020 1167927 **ended (if any) Set out on pages** 1
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 01 / 09 / 2020.
**Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** 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 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
**Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Act or
- the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Signed: Date:** 23 June 2021 **Name:** Robin Vowles **Relevant professional** Member of Institute of Chartered Accountants of Scotland **qualification(s) or body (if any): Address:** 9 Old Park Road, Clevedon, Somerset, BS21 7JH
**October 2018**
1
**IER**