## **Trustees' Annual Report for the period** Period start date Period end date 02 Sept 2020 31 December 2021 **From** **To** ## 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** |1
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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|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## **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**| |---|---|---| |||| |||| |||| |||| ## **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.
For this accounting period, we extended it by 4 months to enable us to
align with a calendar reporting year of Jan – Dec to support our Charity of
the year process.
From September to December 2020 we continued our partnership with
Help Bristol’s Homeless. From January 2021 we supported 1625
Independent People who support young people aged 16 to 25 who are
homeless or at risk of homelessness.
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 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 fundraising activities in 2021 have focused on events with low or no outlay (guaranteed profit) and high levels of HL colleague participation. From January 1[st] , we started our partnership with 1625 Independent People. 1625 Independent People are a Bristol based charity, which prevents young people aged 16 – 25 from becoming homeless, and supports young people who are homeless or at risk of being homeless. Unlike 2020, in which covid 19 restrictions started late March, 2021 saw us enter 3 months of lockdown from Jan – March. The majority of colleagues were home based for most of the year meaning that all colleague engagement was virtual, via email with limited opportunities for mass group events. This impacted the scope and extent of fundraising activities. Highlights from 2021: - 1625 Challenge - Bristol Half Marathon and 10k - Innovation Day - Sleepout - The Christmas lottery Payroll giving continues to be a strong form of fundraising, raising £21,229 over the past year. This number is lower than last year, reflective of the big promotion that happened in 2020 whereas this was not promoted as heavily in the reward period. Going forward, we will be increasing the promotion of payroll giving to colleagues to help boost these numbers. In 2021, we had a high of 126 people donating via GAYE, but an average of 116 colleagues monthly across the year. ## **1625 Challenge** The 1625 Challenge was our first fundraising event of the year, encouraging teams to set each other challenges using the numbers 1,6,2+5. In addition to fundraising, this also raised engagement and awareness of 1625ip. Colleagues undertook a number of activities, from riding 16.25km, to undertaking 162.5 burpees to the CEO of 1625ip doing 16 different yoga poses in 25 meetings. This raised £3,044.08 ## **The Sleepout** In the depths of October, over 20 colleagues took part in a sleepout to raise money and awareness for 1625ip. This raised £1,360 and received very high feedback from those taking part. We are looking forward to undertaking this again next year. ## **Sport** Due to the pandemic, we were unable to host any HL colleague tournaments (e.g. netball and cricket) which are usually a popular event; however, we were still able to run the following sporting events: Bristol 10k and Half Marathon – in addition to donating entry fees, colleagues were encouraged to donate, resulting in £2,820 3rd party events where colleagues raised money for a specific HL Foundation charity, examples include: - Break the Cycle – raised £1,236 for Bristol Sport Foundation - IT hike up Pen y Fan in memory of Jon Barnett - £1,000 for Teenage Cancer Trust Colleagues also undertook challenges to raise money for the Foundation, including Tom Higham who has raised £4,968 so far by rowing across the Atlantic, in addition to planning to compete in the Marathon des Sables in **TAR** March **2012** 5 Section D Achievements and erformance p February. ## **The lottery** The monthly payday lottery took a hiatus for most of the year due to the impact of coronavirus. In December, with restrictions easing, and to encourage colleagues to return to the office, we reinstated the Christmas Lottery, with a cash prize, in addition to prizes donated by directors. £4,403.03 was raised and £880 paid out in December 202, with £3,524 for 1625ip. ## **Innovation Day** Whilst not a fundraising event, we hosted a Innovation Day in which teams from across HL came together to create solutions to one of two issues posed by 1625IP. This event fostered stronger engagement with the charity, with one the solutions already having been taken on by 1625ip as their Christmas fundraising campaign. Alongside the innovation day, we have also undertaken a number of volunteering activities with 1625ip, including financial education talks, painting their offices and decorating the hostels at Christmas. Furthermore, through our HL Networks, the Sustainability Group provided factsheets and support to help 1625ip provide sustainable items as part of their ‘indykits’ to help young people in the transition to their first property. Additionally, Kaleidoscope and 1625IP worked together across the Pride celebrations. **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 Danny Cox **Position (eg Secretary, Chair,** Chair **etc)** Trustee **Date** 19/05/22 **TAR** March **2012** 7 **Charity Name No (if any) The Hargreaves Lansdown Charitable Foundation 1167927 Receipts and payments accounts CC16a For the period** Period start date Period end date **To from** 02/09/2020 31/12/2021 ## **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 £**|**Last year**
**to the nearest £**
**211,579**
**23,183**
**234,762**
**-**
**234,762**
**389**
**2,855**
**169,070**
**172,314**
**-**
**172,314**
**62,448**
**-**
**55,721**
**118,169**| |---|---|---|---|---|---| |Donations Received|**198,943**|**-**
**-**|**-**|**198,943**|**211,579**| |FundraisingEvents|**22,479**||**-**|**22,479**|**23,183**| |**_Sub total_**_(Gross income for_
_AR)_|
**221,422**|**-**|**-**|**221,422**|**234,762**| |||**-**|||| |**A2 Asset and investment sales,**
**(see table).**|||||| |**n/a**|**-**||**-**|**-**|| |**_Sub total_**|**-**|**-**|**-**|**-**|**-**| |**_Total receipts_ **
**A3 Payments**|||||| ||**221,422**|**-**|**-**|**221,422**|**234,762**| ||||||| |Account Charges|**411**|**-**
**-**
**-**|**-**|**411**|**389**| |Cost of Fundraisingevents|**915**||**-**|**915**|**2,855**| |Grants and donations made|**123,486**||**-**|**123,486**|**169,070**| |**_Sub total_ **|**124,812**|**-**|**-**|**124,812**|**172,314**| ||||||| |**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_**|||||| ||**124,812**|**-**|**-**|**124,812**|**172,314**| ||||||| ||**96,610**|**-**|
**-**|**96,610**|**62,448**| ||**-**|**-**
**-**|**-**|**-**|**-**| ||**118,169**||**-**|**118,169**|**55,721**| ||**214,779**|**-**|
**-**|**214,779**|**118,169**| ## **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
**B1 Cash funds**
**B2 Other monetary assets**
**B3 Investment assets**
**B4 Assets for own use**
**B5 Liabilities**
accounts (SS)|(agree balances with receipts and payments account(s))
**Details**
Cash at bank
Other cash
**_Total cash funds_**
**Details**
n/a
**Details**
Collection of collector edition coins donated
Donated listed equities
**Details**
**Details**
n/a
n/a
Signature
1|**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
12/03/2022
19/05/22
19/5/22| |---|---|---|---|---| |||**214,516**|**-**|**-**| |||**262**|**-**|**-**| |||**214,779**|**-**|**-**| |||OK|OK
**Restricted**
**funds**
**to nearest £**|| |||**Unrestricted**
**funds**
**to nearest £**||| ||||**-**|**-**| |||**Fund to which**
**asset belongs**|**Cost (optional)**|| |||
**Unrestricted**|**-**|**-**| |||**Unrestricted**|**-**|**-**| |||**Fund to which**
**asset belongs**|**Cost (optional)**|| ||||**-**|**-**| |||**Fund to which**
**liability relates**|**Amount due**
**(optional)**|| ||||**-**|| |||||Date of
approval| |||Heather Williams||19/05/22| |||DannyCox||19/5/22| |||||| CCXX R1 accounts (SS) **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** |**Report to the trustees/**
**members of**
**On accounts for the**
**period ended**
**Set out on pages**|The Hargreaves Lansdown Charitable Foundation|The Hargreaves Lansdown Charitable Foundation|The Hargreaves Lansdown Charitable Foundation| |---|---|---|---| ||||| ||31 December 2021|**Charity no**
**(if any)**|1167927| ||||| ||1||| I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the period ended **31 / 12 / 2021** . **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:** 20 May 2022 **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**