2022-12-31-accounts - The Hargreaves Lansdown Charitable Foundation

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O CHARITY COMMISSION FOR ENCrLAND AND WALES	O CHARITY COMMISSION FOR ENCrLAND AND WALES	O CHARITY COMMISSION FOR ENCrLAND AND WALES	Charity Name The Nargreaves Lansdown Charitable Foundation Receipts and payments	Charity Name The Nargreaves Lansdown Charitable Foundation Receipts and payments	Charity Name The Nargreaves Lansdown Charitable Foundation Receipts and payments	Charity Name The Nargreaves Lansdown Charitable Foundation Receipts and payments	Charity Name The Nargreaves Lansdown Charitable Foundation Receipts and payments	Charity Name The Nargreaves Lansdown Charitable Foundation Receipts and payments	No (if any) 1167927 accounts	No (if any) 1167927 accounts	CC&sa
			For	the period from		Penod start date 01/01/2022			To	Pened end date 31/12/2022
			Unrestricted funds		Restricted funds			Endowment funds		Totalfunds	Last year
			tothe	nearest r.		tothe nearest	6	tothe nearest 6		to the nearest r.	tothe nearest 6
A1 Recei ts
Donations Recewed				167,324						167,324	198,943
Fundraisin Events				35191						35191	22479
Sub total	(Gross income for AR)			282,515						202,515	221,422
A2 Asset and investment sales,
(see table).
n/a
		Sub total
	Total mceipts			202,515						202,515	221,422
A3pa ments
Account Charges				578						578	411
Cost of Fundraising	events			1,733						1,733	915
Grants and donations made				197,749						197,740	123,486
		Sub total		280,051						200,051	124,812
A4 Asset and investment
urchases see table
n/0
		Sub total
	Total payments			200,051						200,051	124,812
Net ofreceiptsf(payments)				2,464						2,464	96,610
A5 Transfem between		funds
A6 Cash funds	last year end			214,779						214,779	118,169
Cash funds this year end				217,243						217,243	214,779

						SORP reference
Summary		ofthe purposes			of		The objectives ofthe CIO are to further
the charity as set			out	in its			such exclusively charitable
governing		document					purposes according to the law of
							England and Wales and the trustees		in
							their absolute discretion from time	to
							time determine
Summary activities		ofthe main in relation to those				Para 1.17and 1.19	Fundraising by volunteers for the benefit ofthe charities, nominated	by
purposes		for the public					and voted for by HL Colleagues.
benefit,	in particular,			the
activities,		projects	or				Donation from HL pic.
services		identified	in	the
accounts.							Other donations including from surplus
							sweeps from closed client accounts		and
							clients.
							The Hargreaves Lansdown Charitable
							Foundation is the charitable arm of
							Hargreaves Lansdown. Our mission	is
							to utilise the skills and time ofour
							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 charity(les) ofthe year benefits	from
							the majority ofthe 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.

				SORP reference
				Para 1.38
Policy on	grant making
				Para 1.38
Policy on	social investment
including	program		related
investment
				Para 1.38
Contribution		made	by
volunteers
Other

Achieve	men	ts	and Per	formance
				SORP reference
					The HL Foundation's main activities are
					fundraising for our Charity ofthe Year.
					In 2022 we had 2charities ofthe Year,
Summary ofthe main achievements ofthe charity,				Para 1.20	Bristol Mind and 1625IP.The HL Foundation raised over 835,000from
identifying	the	difference the			colleagues in 2022. Over 611,000ofthis
charity's	work	has made to			fundraising came from the Ukraine
the circumstances			of its		appeal in early 2022 to support people in
beneficiaries and			any wider		Ukraine. Nearly a further F10,000came
benefits to society as a					from six lotteries held throughout 2022,
whole.					ofwhich over half came from the
					December Christmas lottery where HL
					directors donate some fantastic prizes.
					Over 614,000was raised by a number of
					other events and appeals. These
					included:
					~ Sleep out for 1625—challenging
					colleagues to sleep rough for the
					night to raise money and
					awareness ofthe challenges
					faced b homeless eo le.

~	Bristol half marathon and 10k-
	Bristol's running event —HL pay
	for colleagues to enter as part of
	the event's corporate entry but
	we ask colleague running to
	fundraise or donate at least 625.
~	Sky dive —Organised through
	Bristol Mind, a group of
	colleagues fundraised to take
	part in a skydive.
~	Break the Cycle - Bristol Sport
	Foundation's annual fundraiser-
	offers colleagues three cycle
	routes ofvarying challenge.
~	Miscellaneous events —there
	were also several other small
	events such as the Easter
	scavenger hunt and the helpdesk
	touch rugby tournament which
	contributed to our fundraising
	total for the year.
As well	as fundraising, we had a
strategic review ofthe HL Foundation
and what we wanted to achieve. This
culminated in a decision to align the HL
Foundation with HL Pic's Responsible
Business Strategy from 1 January 2023
which	is focused on improving financial
resilience in the community.
Consequently, we formed a partnership
with Just Finance Foundation and
committed to donate 650k each year for
3years	and changed the criteria of
charity	HL colleagues could put forward
to vote	for our Charity ofthe Year to
have a	strong link to financial education
and resilience.

Achievements against	Para 1.41
objectives set
Performance offundraising activities against objectives	Para 1.41
set
Investment performance	Para 1.41
against objectives

Financial Review
Review ofthe charity's			Para 1.21	The Charity		remains	in a	strong financial
financial position at the	end			position	during the		reporting		period
ofthe eriod
Statement explaining the			Para 1.22	The Charity's		constitution		outlines		there
policy for holding reserves				must always		be a 10kreserve			present.
stating why they are held				This is	to allow for any emergencies					to
				be miti	ated
Amount ofreserves held			Para 1.22	638,128.66
Reasons for holding zero			Para 1.22	n/a
reserves
Details offund materially		in	Para 1.24	n/a
deficit
Explanation ofany			Para 1.23	n/a
uncertainties about the
charity continuing as a going
concern
Additional information	(optional)
You ma choose to include		further statements		where relevant		about:
The charity's principal sources offunds (including			Para 1.47
any fundraising)
Investment policy and objectives including any			Para 1.46
social investment policy
adopted
A description ofthe principal			Para 1.46
risks facing the charity
Other

tructure,	Governance	Governance	and Man	agement
Description	ofcharity's			NIA
trusts:
Type of governing		document		Constitution
trust deed,	ro al charter
How is the charity			Para 1.25	CIO
constituted?
(e.g unincorporated
association,	CIO
Trustee selection		methods	Para 1.25	The Foundation needs a mix ofskills
including details of any				and experience amongst its trustees	and
constitutional	provisions e.g.			so it is essential for the Board to identify
election to post or name of				potential new trustees and plan for
any person	or body entitled			trustee succession to ensure continuity
to appoint one or more				on the Board.
trustees
				Appointed trustees for the Foundation
				may be drawn from a number of
				different sources: from its stakeholders,
				by advertisement or by way ofpersonal
				recommendation. Nominated trustees
				shall most likely be employees or
				otherwise connected with Hargreaves
				Lansdown pic.
				Under the Constitution, no individual
				may be appointed as trustee ifthey are
				disqualified from acting as a charity
				trustee by virtue ofsections 178-180	of
				the Charities Act 2011,ifthey are under
				16years ofage or ifthey have not
				accepted the office ofcharity trustee.
				Irrespective of how potential trustees
				are identified, the trustees must ensure
				that:
				1. Their skills fit with the trustees'
				requirements in the short and
				longer term;
				2. They are not disqualified from
				acting as a company director or
				charity trustee; and
				3. The new trustee understands	the
				responsibility he orshe is taking
				on and consents to act.

Policies and adopted for	procedures the induction	Para 1.51
and training	oftrustees
The charity's organisational structure and an wider		Para 1.51

network	with	which the
charity	works
Relationship		with any related	Para 1.51
parties
Other

Charit name		The Har reaves Lansdown	Charitable
Other name the charit uses		HL Foundation
Re istered chari	number	1167927
Charity's principal	address	One College Square South,	Anchor Rd, Bristol BS15HL

mes	ofthe	charity trus	tees who manage	the charity
	Trustee	name	Office (ifany)	Dates acted if not for whole ear	Name to a	of person (or body) entitled oint trustee ifan
1	Danny	Cox	Chair
2	Tim Monelle
3	Rob Byett
4	John Smith
5	Heather	Williams
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Description ofthe assets
held in this capacity
Name and objects ofthe
charity on whose behalf	the
assets are held and how	this
falls within the custodian
charity's objects
Details ofarrangements	for
safe custody and
segregation ofsuch assets
from the charity's own
assets

Names an	d addresses ofadv	isers (Optional information)
Type of	Name	Address
adviser
Name of	chief executive or names ofsenior staff members		(Optional	information)