THE HUSSEY FOUNDATION (A company limited by guarantee and not having a share capital) Annual report and accounts for the year ended 281h February 2025 Charity N. . Registered N. . 1171895 10014403 THE HUSSEY FOUNDATION Annual report and accounts for the year ended 28 February 2025 Contents Page Trustees, report 112 Independent Ekqminer's Report Balance sheet Statement of financial activities Notes to the accounts 6/7 Company inforniation Trustees A A Hussey Mrs J Huss¢y M T Hussey Miss S N Hussey Registeffd office 308 High Street Croydon Surrey CRO ING Bankers Natwest 27 Woodcote Road Wallington Surrey SM6 OLN Reporting accountants Siba and Company Charter¢d Accountants 308 High Street Croydon Surrey CRO ING THE HUSSEY FOUNDATION Trustees, report for the year ended 28 February 2025 Ih Tlie Trustees present their Report togetlier with the accounts of the charitv for the year ended ?8th Febrnary 2025, which also meet the requirements for a directors, report and aciounts for Companies Act purposes. Principal activity. objectives and governance T]ie Husse! Foundation (tlie charitv) w'as estsblished witli Ilie object of advancing eharitable purposes Ihrough making graiits to appropriate institutions and iiidii'idLials. The charity is a compaiiv limited b￿. guarantee governed by. its Jmeinoi'andum and Articles o)f Association dated 19111 February 2016. ThL Charity was registered with the Charity Commission on 3rd Marcli 2017. The charity is governed by a Board of Trustees in accordance H'ith ihe governing docuTn¢nt. Trustees meetings are h¢ld several times a year and the Trustees are in regii lar Loinrtiunicatioii. In the planning of activities during the y¢ar the Trustees gave due consideration to the Charity Commission's published guidance on public benefit. Review and Financial Review of the Year During the year, the charity received donations of £48.000 (2024 - £48,000) and continued to consider applications. Grants of £24:165 were awarded during the year supporting St Rapliael's Hospice and Ban5tead Edibles. At the year-end £94,910 (2024 £71,084) was held in unreqtricted funds to b¢ used in future periods. Risk ReTriew The Trubtees carry out periodic reviews of the Inajor risks to which the charl￿. is exposed. Systems and procedures have been ¢stablished to mitigate those identified so as to minimise any poteiitial impact on the charilv. Affiliation The charity is not affiliatcd to any other charity. Trustees Th¢ Trustees who served during the year were as follows: A A Hussey Mrs J Hussey M T Hussey Miss S N Huss¢y Reserves policy The trustees have established a policy of holding reserves sufficient to enable the charity to continue in the event of unforeseen expenditure. THE HUSSEY FOUNDATION Trustees, report for tbe year ended 28 February 2025 Statement of Trustees, responsibilities The Trustees (who are also the directors of the charity for the purpose of company law) ar¢ responsible for preparing the Trustees. Annual Report and the accounts in accordance with appliLable law and United Kingdom Accounting Standards (United KingdoFn Generally Accepted Accounting Practice). Company law requires the Trustees to prepare accounts for each financial year which giv¢ a 'tnie and fair" view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these accounts, the Trustees are required to: select suitable accounting p)licies and then apply them consistently" obs¢rve the meth(Kls and principles ill the Charities SORP. tnake judgements and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been follow¢d, subject to any tnaterial departures disclosed and explained in the accounts, and prepare the accounts on the going cDnc¢m basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting rccords that disclose with reasonable accuracy at any time the financial position of th¢ charity and enabl¢ them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and oth¢r i￿egUlar1ties. The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2(M)6. Approved by the Trustees on 17 November 2025 and signed on their behalf by A A Hussey Trustee THE HUSSEY FOUNDATION Independent examiner's report to the trustees of The Hussey Foundation I report to the charity Trustees on my examination of the accounts of The Hussey Foundation for the year ended 28° Februar>, 2025. Responsibilities and basis of Teport As the charity s Trustees (and a]so directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordaiice with the requirements of the Companies Act 2006 ('%he 2006 Act"). Having satisfied myself that the accounts of the Company are not reqLiired to be audited linder Part 16 of the ?006 Act and are eligible for independeiit examination, I report in respect of In￿. examination of )'OLir charit>'s accounLs as carried oul under section 145 of the Charities Act ?0 I l ("the ?0 I l Act ). In carTr'iiig out Iny examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Independent examiner's statement- matter of concern identified I have completed my examination. I confinn that no matt¢TS have come to my attention in connection with the eLqmination giving me reasonable cause to klieve that in any material respect: accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act- or the accounts do not accord with those records. or the accounts do not comply with the accounting requirements of section 396 of th¢ 2006 Act other than any requirement that the accounts give a 'trne and fair" view which is not a matter considered as part of an independent examination. or the accounts have not been prepared in accordance with th¢ methods and principles of th¢ Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I confimi that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Miroslav Siba FCA 308 High Street , Surrey CRO ING 17 ' November 2025 THE HUSSEY FOUNDATION Balance sheet as at 28 February 2025 2025 2024 CURRENT ASSETS Cash at bank NET ASSETS 94.910 UNRESTRJCTED FUNDS TOTAL CFL41UTY FUNDS The accounts have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notic¢ has been deposited under section 476. The Trustees acknowledge their responsibilities for ensuring that the company keeps accounting records which Lomply iviih seLtion 386 of the Act and for preparing accounts which give a true and fair view ofthe state ot affairs t" the compan!., a> ai Lhe end of the financial year and of its profit or loss for the financial year in accordance with the requirernents of sections 394 and 395 and which othenvis¢ comply with the requirements of the Companies Act 2006 relating to accounts, so far as appllcable to the company. Approved by the T￿￿tee$ on 17 Novetnber 2025 and signed on their behalf by A A Hussey Chair of Trustees THE HUSSEY FOUNDATION Statement of finaneial activities (including in¢Omean&expeuditU￿-aeeell￿tF- Ih for the year ended 28 February 2025 Note 2025 2024 Income Donations 48,000 48,000 Expenditure Expenditure on charitable donations Bank charges 24,165 24 174) Net income and net movement in funds for the year 23,826 47,994 ReconciliatioD of funds Total funds brought forward Total funds earried forward The statement of financial activities includes all gains and losses recognis¢d in the y¢ar. All incom¢ and expenditure derives from continuing activities. All funds are unrestricted. THE HUSSEY FOUNDATION Notes to the accounts for the year ended 28 February 2025 ACCOUNTING POLICIES Basis ofaccounting The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recominended Practice applicable to charities preparing their accouiits in accordance with the Financial Reporting Standard appl icable in the UK and Republic of Irelwid (FRS102) (effective I" January 20 I9), with FRS102 and with the requirements of the Charities Act 2011 and the Companies Act 2006. The Hussey Foundation meets the definition of a public benefit entity under FRS 102. The accounts have been pr¢pared under the historical cost convention. Currency and rounding The accounts are presented in st¢Tling and rounded to the nearest £1. Income recognition All 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 r¢c¢ivabl¢ can b¢ measured reliably. Resources expended Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VA T which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Going concern The trustees consider that there are no material uncertainties about The Hussey Foundation's ability to continue as a going concern. Unrestricted funds Unr¢stricted fuiids are donations and other incoming resources receivable or generated for the objects of the charitv without further specified purpose and are avai lable as general funds. DONATIONS All donations received in the year and in previous periods relate to unrestricted funds. THE HUSSEY FOUNDATION Notes to the accounts for the year ended 28 February 2025 EXPENDITURE ON CHARITABLE ACTIVITIES 202 Support Costs 2024 Support Costs Direct Costs Direct Costs Total Total Donations to charitable organisations 24,165 24,165 Bank charges The independent examiner's remuneration is paid by a related party, Direct Chauffeur Line Limited. STAFF AND TRUSTEES The charity had no employees during the year (2024 - none). The charity trustees were not paid and did not receive any benefits from the charity during the year (2024 nil). No expenses were reimbursed to trustees and no charity trustee received payment for professional or other services supplied to the charity (2024 - nil). RELATED PARTY TRANSACTIONS I Ir A A Hussey, Mrs J Hussey, Mr M T Hussey and Miss S N Hussey are also the directors of Direct Chauffeur Line Limited and Noble Claims Services Limited. During the year ended 28 February 2025, these companies made donations under gift aid totalling £48,000. COMPANY STATUS The charity is a company limited by guarantee. The members of the company are the Trustees named on page l. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £ I per member of the charity.