REGISTERED CHARITY NUMBER: 1172474 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2024 FOR THE WORSHIPFUL COMPANY OF HACKNEY CARRIAGE DRIVERS CHARITY la Charltable Incorporated Organlsatlon)
THE WORSHIPFUL COMPANY OF HACKNEY CARRIAGE DRIVERS CHARITY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2024 Pa8e Report of the Trustees 3to8 Independent Examlnerfs Report Statement of Financial Actlvities io Balance Sheet li Notes to the Flnanclal Statements 12to19
THE WORSHIPFUL COMPANY OF HACKNEY CARRIAGE DRIVERS CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 December 2024 The Trustees present their report with the financial statements of the Charity for the year ended 31 December 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charlties preparing their accounts in accordance with the Flnancial Reportlng Standard applicable in the UK and Republlc of Ireland (FRS 1021 (effective l January 20191. OBJEcfivES AND AcfiviTIES Oblectlve5 and aims Pur oses and aim The Worshlpful Company of Hackney Carria8e Drivers Charlty, objectives and aims can be summarised as follows. To admlnister benevolence when appropriate to members of the Worshipful Company of Hackney Carrlage Drlvers, retired members, and widows or widowers of members, To organlse a Magical Taxl trip for the benefit of children with life threatenlng diseases to Disneyland, Paris In a ¢onvoy of taxis, which trlp is to be self-funding by donations or sponsorship as far as 15 practical. To support the charitable work of the Worshipful Company of Hackney Carrlage Drlver5, Its afflliated schools and mllltary unlts. To make 8rant5, awards and donatlons to any charity Includlng the nomlnated charlty of the Lord Mayor of the Clty of London. To support other Hackney Carrla8e Trade Charltles to our best endeavours. En rln our work dellvers our We review our aims, objectives and artlvltles each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those 8roups of people we are set up to help. The review also helps us to ensure that our alm, objectives nd activities remained focused on our stated purposes. We have referred to the guldance contained In the Charity Commlssion's general guidance on publlc benefit when reviewlng our alms and objectives and in planning our future activltles. In particular, the Trustee5 consider how planned activities wlll contribute to the aims and oblettives they have set. The focu fourwork The focus of the Charity's work contlnues prlmarily to be the organisation of an annual Magical Taxl Tour for Children. th The Charity was able to organise a successful 29 Magical Taxi Tour for Children in 2024. The Trustees have pald due regard to guidance Issued by the Charity Commission in decidin8 what activities the Charity should undertake.
THE WORSHIPFUL COMPANY OF HACKNEY CARRIAGE DRIVERS CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 December 2024 STRATEGIC REPORT A¢hlevement and performance Charitable octivities How r artivitles liver blic benefit In setting our objectives and planning our actlvities the Trustees have given careful consideration to the Charity Commission'5 8eneral guidance on public benefit, includlng the guidance on public benefit and fee charging. Our maln actlvlties and who we try to help our described below. The Charity's activities continue to focus on our ablllty to provide support to charltable actlvities undertaken wlth the Worshlpful Company of Hackney Carrlage Drivers. The Ma ical Taxl Tour f r Children The annual Ma8ical Taxi Tour for Chlldren normally takes place In September each year. The complexity of this event and the fund ralslng to finance It requlres long term advanced planning over many months. Other charit le activitles The Charity is proud of the support that It provides to other Cab Trade Charlties, The City of London and our afflliations with the 20 Transport Squadron Royal Logistics Corps, the Royal Naval School of Flight Deck Operations, 504 Squadron th Royal Auxlllary Air Force and the Royal Docks Communlty School. The Trustees wish to record their appreciatlon to all of the many supporters of the Charlty and especlally to the members of the Worshipful Company of Hackney Carriage Dlvers livery company for thelr continulng hard work and dedicatlon to our purposes and we look forward with confldence to continuln8 our work In the future.
THE WORSHIPFUL COMPANY OF HACKNEY CARRIAGE DRIVERS CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 December 2024 STRATEGIC REPORT Flnancial revlew Financial position The Statement of Financial Activities shows total income for the year ended 31 December 2024 of £575,22412023 £433,359) and total expenditure of £447,36412023 - £389,383) thereby increasin8 by £127,86012023 - increasing by £43,976) the Charity's total funds as at 31 December 2024. There were unrealised gains on investments as at 31 December 2024 of £1,90312023 - unreolised gains of £6,607). There has been a net cash inflow durln8the year ended 31 December 2024 of £127,21012023- net Cash inflow totolling £40,782) and at the year end the Charity had £540,28912023 - £413,0791 of cash balances Ilncluding term deposits) available to meet its day-to-day operational requirements. The total funds retalned in the balance sheet as at 31 December 2024 amounted to £614,82512023- £485,062}. Reserves pollcy The activities of the Charity, particularly the Magical Taxl Tour for Chlldren, requlre advance plannin8 over several years whith create slgnlflcant contlngent flnanclal Ilabilities for future costs. The reserve5 policy of the Charlty is to malntaln sufficlent Ilquid reserves, In either restrlcted or unrestrlcted funds, at a level which equates to between two and three years of total expendlture in a normal year. Golnq concern No matters have come to the attention of the Trustees which might suggest that the Charity will not be able to maintain Its current activlties for the foreseeable future. The Trustees have, therefore, considered that It is approprlate for the flnancial statements to be prepared on the golng concern basls. Future plans Plans are well advanced for the 2025 trlp to DSsneyland Paris. The Charity continues to support indlvidual London Taxi Drlvers whose are sufferin8 flnancially and to be avallable to or8anise and participate in other forms of support to the City of London, STRucfuRE, GOVERNANCE AND MANAGEMENT Governlng document The Worshipful Company of Hackney Carrlage Drlvers Charity is a Charitable Incorporated Organisatlon (registered number 11724741. The Charity is governed by a trust deed dated 27th August 1996, a varlation deed dated I. February 1999, and a further th variatlon deed dated 20 December 2007. The Charity converted into a Charitable Incorporated Organisation on 7th April 2017 having adopted a new constitution on 8 December 2016. The Charity Is independently 8overned by its Trustees through the Board of Trustees who are Members of The Worshipful Company of Hackney Carriage Drivers, whlch is a City of London livery company.
THE WORSHIPFUL COMPANY OF HACKNEY CARRIAGE DRIVERS CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 December 2024 STRucfuRE, GOVERNANCE AND MANAGEMENT Governlng document Icontlnued) All Trustees of the Charity are Members of the Charity and there are no other Trustees or Members. No Trustee or Member has any beneficial Interest In the Charity, Trustees and Members not required to contribute to its assets in the event of the Charity being wound up. Recrultment and appolntment of new trustees The Courtof the Worshipful Company of Hackney Carrlage Drlvers appolntstheTrustees who are admitted as Member5. As set out in the Charlty's Constitution one-third of the Trustees shall retire and seek re-electlon at every Annual General Meeting. Each Trustee may serve for renewable terms of three years up to a maxlmum of 12 years, service In total. A Member shall Cease to be a Member immediately that they cease to be a Trustee of the Charlty for any reason. All Trustees give their tlme voluntarlly and receive no beneflts from the Charity. Any expenses reclalmed from the Charlty are set out in the notes to the flnancial statements. Or8anlsJtlonal strurture The Charity is or8anised so that Its Board of Trustees meet regularly to manage Its affalrs and formulate pollcy. Two Trustee5 are appointed by the Board of Trustees to be responslble for the day-to-day runnlng and flnanclal mana8ement of the Charlty. The Honorary Treasurer is respon51ble for the preparatlon of the annual accounts. Durlng the year ended 31 December 2024 the Charity has continued to adhere to the Charity Governance Code for Smaller Charities usin8 the Code's seven key principles as a tool to SUPPOrt the Continuous Improvement of good 8overnance. Inductlon and tralnlng of new trustees New Trustees undergo an induction meeting to brief them on legal obligations under charity law, the Charlty's decision- makin8 processes and the recent flnancial performance of the Charity. Trustees are encouraged to attend appropriate external trainin8 events where these wlll fatilltate the understandlng of thelr role. Key management remuneratlon In the Trustees, oplnion, the key management personnel of the Charity responslble for the dlrection, control, running and operation of the Charity on a day-to-day basis consists of the Board of Trustees. Ke mana ement ersonnel - Trus ees All Trustee5 give of their time freely and no trustee received remuneration during the year. Details of Trustees, expenses and related party transactions are disclosed in notes 17 and 18 to the financlal statements. Rlsk management The Trustees have a duty to identlfy and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees have examlned the major strate8ic. business and operational risks that the Charity faces and confirm that systems have been establlshed to enable regular reports to be produced so that necessary steps can be taken to lessen these risks.
THE WORSHIPFUL COMPANY OF HACKNEY CARRIAGE DRIVERS CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 December 2024 REFERENCE AND ADMINISTRATIVE DETAILS Reg15tered Charlty number 1172474 Reglstered office PO Box 2113 Chigwell Essex IG7 6BO Trustees Mlchael Davles Philllp Davis MBE Peterjohansen MBE FCA Daniel Heath Malcolm Linskev Sllverio Oliveira Alan Roughan Wendy Sorrell Mary Whitworth Steven Wright Chalr Secretary Honorary Treasurer {resi8ned 29 July 20241 Iresigned 28 October 20241 lappolnted 2 January 20251 (appointed 20 November 20241 Independent Examlner Andrew Hall Chartered Management Accountant Chalfont Accounting Services Limited 12 The Grove Latlmer, Chesham Bucklnghamshire HP5 IUE Bankers Nat West Bank City of London Branch Princes Street London EC2R 8BP Barclays Bank PLC Bedford Row Branch Leicester Leicestershlre LE87 2BB Unlted Trust Bank l Ropemaker Street London EC2Y 9AW Union Bank of Indla {UKI Ltd Senator House 85 Queen Victoria Street London EC4V 4AB Cambrldge & Counties Bank Hampshire Trust Bank Charnwood Court S5 8ishops8ate 58 New Walk London Leicester EC2N 3AS LEI 6TE Redwood Bank 101 The Nexus Building Broadway Letchworth Garden City SG6 3TA Investment Managers CCLA Investment Senator House 85 Queen Victoria Street London EV4V 4ET
THE WORSHIPFULCOMPANY OF HACKNEY CARRIAGE DRIVERS CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 December 2024 STATEMENT OF TRUSTEES RESPONSIBILITIES The Trustees {who are also Members of The Worshlpful Company of Hackney Carriage Drivers Charity) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accountin8 Practice), Including Flnancial Reporting Standard 102 "The Flnancial Reporting Standard applicable in the UK and Republic of Ireland" Charity law requires the Trustees to prepare flnanclal statements for each flnanclal year which 8ive a true and fair view of the state of affairs of the Charitable Company and of the incomlng resources and application of resources, including the income and expendlture, of the Charitable Company for that period. In preparin8 those financial statements. the Trustees are required to: select Suitable accountlng pollcies and then apply them conslstently; observe the methods and princlples in the Charlty SORP; make Judgements and estlmates that are reasonable and prudent; state whether appllcable accountln8 Standards have been followed, subject to any material departures dlsclosed and explained in the financial statements, prepare the financlal statements on the golng concern basis unless it Is inapproprlate to presume that the Charltable Company will tontlnue In business. The Trustees are responsible for keeping proper ac¢ountln8 records whlch disclose with reasonable accuracy at any tlme the flnanclal posltion of the Charitable Company. They are also responsible for safe8uardin8 the assets of the Charitable Company and hence for taklng reasonable steps for the preventloD and detettion of fraud and other Irregularlties. In so far as the Trustees are aware: there Is no relevant information of whlch the Charltable Company's Independent Examiner Is unaware; and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant Information and to establlsh that the Independent Examiner is aware of that information. Independent Examlner The Independent Examiner, Andrew Hall, will be proposed for re-appointment by the 8oard of Trustees at their next meetlng. Thls report has been prepared In a¢cordance wlth the provlslons of the requlrements of the Charitles SORP {FRS 1021 for smaller charities. TheR 202 f the Trustees, Incorporating a strateglc report, was approved by order of the Board ofTrustees, on 2 June ed on the Board's behalf bv: and sig Michael Davies - Trustee
INDEPENDENT EXAMINERS'S REPORT TO THE TRUSTEES OF THE WORSHIPFUL COMPANY OF HACKNEY CARRIAGE DRIVERS CHARITY (REGISTERED NUMBER: 1172474) Responslbllitles and basls of report I reportto the Trustees ofThe Worshipful Company of Hackney Carriage Drivers Charity {the'Trust'l on my examination of the accounts forthe year ended 31 Detember 2024 which comprise the Statement of Financial Activities, the Balance Sheet, and notes to the financlal statements, including a summary of significant accounting policies as set out on pages 12 to 14. As the Charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111"The Act") and you consider that the audit requirements of Part 8, Chapter 3 of the Act does not apply. I report In respert of my examination of the Trusvs accounts carried out under section 145 of the 2011 Act and in carrying out my examinatlon, I have followed all the applicable Dlrections given by the Charity Commisslon under sectlon 14515llbl of the Act. Independent Examlnerfs statement I have completed my examination. I confirm that no materlal matters have come to my attentlon in connection wlth the examination which glves me cause to believe that in any material respect.. the accounting records were not kept In accordance with sectlon 130 of the Charltles Act: or the accounts dld not accord with the accountlng records; or the accounts dld not comply wlth the applicable requlrements concernlng the form and content of accounts set out in the Charities (Accounts and Reportsl Regulatlon 2008 other than any requirement that the accounts 81ve a "true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connectlon with the examlnatlon to which attentlon should be d wn in thls report in order to enable a proper understandlng of the accounts to be reached. Andrew Hall Chartered Management Accountant Chalfont Accounting Services Llmited 12 The Grove Latimer, Chesham Buckinghamshire HP5 IUE 2 June 2025
THE WORSHIPFUL COMPANY OF HACKNEY CARRIAGE DRIVERS CHARITY STATEMENT OF FINANCIAL AcfiviTIES IINCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 December 2024 2024 Total fund5 2023 Total funds Unrestrlrted general funds Restrlcted D15ney fund Note INCOMING RESOURCES Income from: Donations and legacles Other tradlng actlvities Investment Income Total Incomln8 resources 698 5,500 7.700 13,898 536,985 10,439 13.902 561,326 537,683 15,939 21.602 57S.224 394,390 25.224 13,745 433,359 RESOURCES EXPENDED Expendlture on: Ralsin8 funds Charitable actlvltles Support and 8overnance costs Total resources expended 2.965 5,942 300 9,207 18.834 398,990 20,333 438,157 21,799 404.932 20,633 447,364 26,057 343.408 19,918 389,383 NET {EXENDITUREI/INCOME BEFORE INVESTMENT (LOSSESIIGAINS Net I10ssesl/galns on investments NET IEXPENDITURE)/INCOME 4,691 1,903 6,594 123,169 127.860 1.903 129,763 43,976 6,607 50,583 IZ3,169 OTHER RECOGNISED GAINSIILOSSES) NET MOVEMENT IN FUNDS 6.594 123,169 129,763 50,583 RECONCILIATION OF FUNDS Total funds brought forward l January 2024 Total funds urrled forward 31 December 20Z4 168,961 175,555 316.101 439,270 485,062 614.825 434,479 485.062 io
THE WORSHIPFUL COMPANY OF HACKNEY CARRIAGE DRIVERS CHARITY (REGISTERED NUMBER: 1172474) BALANCE SHEET AT 31 December 2024 2024 Total funds 2023 Total funds Unrestrleted general funds Restrlcted Dlsney fund Note FIXED ASSETS Heritage assets Investments Total Flxed Assets 11,369 112,796 124,165 11,369 112.796 124,165 11,369 110,894 122,263 CURRENT ASSET5 Stocks Debtors Investment5 Cash at bank and In hand Total Current Asset5 io li 12 13 1,000 86,900 14,857 101,757 270.151 168.381 439,532 357,051 183,238 541.289 259,437 153,642 414.079 CREDITORS: amounts fallln8 due within one year 14 367 262 629 1,280 NET CURRENT ASSETS 101.390 439.270 540,660 412,799 TOTAL ASSETS LE55 CURRENT LIABILITIES 225,555 439,270 664,825 535,062 CREDITORS: amounts falllng due after one year 15 50,000 50.000 50,000 TOTAL NET ASSET5 175,555 439,270 614,825 485,062 FUNDS OF THE CHARITY Unrestrlcted general fund Restricted Disney Fund TOTAL FUNDS 175,555 175,555 439,270 614,825 168,961 316,101 485,062 439,Z70 439,270 175,555 These financial statements have been prepared In accordance with the provlslons applicable to charitable companles subject t e smaller companies, regime. The anclal tatements were approved by the Board ofTrustees on 2 June 2025 and were signed on its behalf by.. Michael Davies - Trustee Peter hansen E FCA- Trustee li
THE WORSHIPFUL COMPANY OF HACKNEY CARRIAGE DRIVERS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 20Z4 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS General Informatlon The Worshipful Company of Hackney Carriage Drivers Charity is a charity incorporated in England and Wales (Registered Charity Number 11724741. The address of the Charity's registered office is PO Box 2113, Chigwell, Essex, IG7 6BP. Accountln8 conventlon The financlal statements of the Charity, whlch is a public benefit entlty under FRS 102, have been prepared in accordance wlth the Charities SORP IFRS 1021 'Accountin8 and Reporting by Charities: Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reportln8 Standard applicable In the United Kingdom and Republlc of Ireland IFRS 1021 {effectlve l January 20191" Financlal Reporting Standard 102 "The Financlal Reporting Standard applicable in the UK and Republic of Ireland", the Companies Act 2006 and the Charities Act 2011. The financlal statements have been prepared using the historlc cost conventlon and are presented In 5terlln8, which Is the functlonal currency of the Charlty, rounded to the nearest £1. The slgnlficant accountlng pollcies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. CHARITY STATUS The Charity is a Charitable Incorporated Organisation. The Members of the Charlty are the Trustees named In the Report of the Trustees. In the event of the Charity being wound up the Members have no Ilability to contrlbute to Its asset5 and no personal responsibillty for settling its debt5 and IlabS1itles. GOING CONCERN The financial statements have been prepared on 3 8olng concern basls as the Trustees believe that no materlal uncertainties exist. The Trustees have consldered the level of funds held and the expected level of Income and expenditure for 12 months from authorlsing these financlal statements. The expected level of Income and expendlture is sufflcient wlth the level of reserve5 for the Charity to be able to continue as a 8olng concern. INCOME All income Is recognlsed in the Statement of Financial Actlvlties once the Charity ha5 entltlement to the fund5, it Is probable that the income will be received and the amount can be measured reliably. For donations to be recognised the Charity wlll have been notified of the amounts and the settlement date In writlng. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditlons are fully met or the fulfilment of those conditlons is within the control of the Charity and it is probable that they will be fulfilled. Investment Income is earned through holdlng assets such as cash on deposlt or investments In short term bonds and other simllar investments. It includes interest receivable. Interest income is recognised usin8 the effective interest rate method and is reco8nised as the Charity's right to recelve payment is established. 12
THE WORSHIPFUL COMPANY OF HACKNEY CARRIAGE DRIVERS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2024 ACCOUNTING POLICIES- ntInUed EXPENDITURE All expenditure is accounted for on an accruals ba51s and has been classified under headings that aggregate all costs related an activity of the Charity. Expenditure is reco8nised where there is a legal or constructive obligation to make payments to third parties, It is probable that the settlement will be required and the amount of the obligation can be measured reliably. It 15 categorlsed under the followln8 headln8S. Ralslng funds Expenditure on charitable actlvltles Support and governance cost. Support costs are those that assist with the work of the Charlty but do not dlrectly represent charitable actlvltles and include office, governance and other adminlstrative costs, TANGIBLE FIXED ASSETS Tangible fixed assets are stated at cost less depreciation or in cases where flxed asset5 have been donated at valuation at the tlme of acqulsitlon. Depreciation has been provlded on tan8ible flxed a55ets at annual rates calculated to write off the cost, less the estimated resldual value, of each asset over its estimated useful Ilfe at the followln8 rates. Offlce equlpment and computers - 20% on cost Depreclatlon on tan8ible flxed assets Is charged In the year of acquisltlon and subsequent years, The gain or loss arlslng on the disposal of an asset is determlned as the difference between the Sale proceeds and the carrylng value of the asset and is recognised in net Income/ lexpendlturel for the year. HERITAGE ASSETS Herltage assets comprlse Silverware presented to affiliated organisations or annual awards whlch are stated at hlstorlc cost and are not depreciated because they maintain thelr value Indefinitelv. TAXATION The Charlty Is exempt from corporation tax on its charitable activltles. CASH AND CASH EQUIVALENTS Cash and cash equivalents include cash In hand and deposits held at call with banks, short term bonds and investments. OPERATING LEASES There are no operating leases. EMPLOYEE BENEFITS The Charlty doe5 not have any employees. All activitles are organised by the Trustees or volunteers. 13
THE WORSHIPFUL COMPANY OF HACKNEY CARRIAGE DRIVERS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2024 ACCOUNTING POLICIES - contlnued FUND ACCOUNTING General funds are unrestricted funds which are avallable for use at the discretion of the Trustees in furtherance of the general objertives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used In accordance with specific restrlctions imposed by donors or which have been raised by the Charlty for partlcular purp05Ès. The costs of raising and adminlsterin8 such funds are charged against the specific fund. The Disney Restrlcted Fund is retained specifitally for the annual Magical Taxl Tour for Children to Dlsneyland Paris. FINANCIAL INSTRUMENTS The Charity only has financial assets and financial Ilabilitles of a klnd that quallfy a5 basic flnanclal Instruments. Basic financial instruments are Initlally recognlsed at tran5actlon value and subsequently measured at amortlsed cost. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS In the application of the Charlty's accountlng pollcies, the Trustees are requlred to make ludgements, estlmates and a55umptions about the carrylng amount of assets and liabllities that are not readlly apparent from other sources. The estlmates and underlylng a55umptions are revlewed on an on80ing basis. Revisions to accountin8 estimates are recognised in the period In which the estlmate is revised where the revision affects only that period or in the period of the revision and future periods where the revislon affects both current and future periods. DONATIONS AND LEGACIES 2024 Total funds 2023 Total funds Unre5trlrted general funds Restrlcted Dlsney fund Donatlons and glfts Donated goods, facllltles and services 698 336.985 200,000 337,683 200,000 229,390 165,000 536.985 537.683 394,390 The Charity In indebted to the many volunteers and organisations that sponsor and support its charitable activitiesi particularly the Magical Taxi Tour for Children. Wlthout the involvement of over 100 London black cab drivers, the many doctors and nurses of the NHS, London Ambulance Service. the City of London Police, the French Guarde Natlonale, the Automoblle Assoclation, P&0 Ferries, the Marriott Hotel Group, all those Llvery Companies and other organisatlons or individuals who sponsor a taxi, the Ma8ical Taxl Tour would not be possible. 14
THE WORSHIPFUL COMPANY OF HACKNEY CARRIAGE DRIVERS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2024 INCOME FROM OTHER TRADING ACTIVITIES 2024 Total funds 2023 Total funds Unrestrlcted general funds Restrlcted Dlsney fund Chrlstmas Ball Past Masters, lunch 104 Club draw 10,354 85 10,354 85 5,500 19,124 75 6,025 5.500 10,439 15.939 25.224 INVESTMENT INCOME 2024 Total funds 2023 Total funds Unrestrlrted 8ener•l funds Restrlcted Dlsney fund Bank deposit income Nat West Bank 193 2.339 2.532 2,030 Investment Income CCLA Charities Investment Fund Term Deposlts 3,567 3,567 15,503 3,518 8,197 11,563 7,700 13,902 21.602 13,745 EXPENDITURE ON RAISING FUNDS 2024 Totsl fund$ 2023 Total funds Unrestrl¢ted 8eneral fund5 Restricted Dlsney fund Christmas Ball 104 Draw Corporate hospltality and dinners 12,559 12,559 1,970 7,270 16.610 1,655 7,792 1,970 995 6,275 2,965 18.834 21,799 26,057 15
THE WORSHIPFUL COMPANY OF HACKNEY CARRIAGE DRIVERS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2024 EXPENDITURE ON CHARITABLE ACTIVITIES 2024 Total funds 2023 Total funds Unrestrlcted general funds Restrlcted Disney fund Maglcal Taxi Tour of Chlldren Awards Other grants and donations 398,940 398.940 1,037 4.955 338,705 590 4,113 1.037 4,905 50 5,942 398,990 404,932 343,408 SUPPORT AND GOVERNANCE COSTS 2024 Totsl funds 2023 Total funds Unrestrleted general funds Restrlcted Dlsney fund Prlntlng and statlonary Telephones Advertislng Postage and adminlstration Computer costs Meetings and subsistence Insurance Storage rental Bank charges Independent Examlners fees 354 337 1,070 673 3,017 1,423 7.154 5,124 918 263 354 337 1,070 673 3,017 1.423 7.154 5.124 956 525 1,829 321 6,805 782 2,024 1,199 1,098 S,125 485 250 38 262 300 20.333 20,633 19,918 The 2023 comparative for Support and Governance Costs has been restated to exclude £6,621 of fuel costs related to the Ma8lcal Taxl Tour that are now included in Expendlture on Charltable Activities Inote 61. 16
THE WORSHIPFUL COMPANY OF HACKNEY CARRIAGE DRIVERS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2024 HERITAGE ASSETS 2024 2023 Sllverware and award5 Total Total COST AND NET BOOK VALUE At l January 2024 Additions 11,369 11.369 11,369 At 31 December 2024 11,369 11,369 11,369 Herltage assets conslst of sllverware and awards which are not depreciated because they retaln thelr value Indeflnitely. INVESTMENTS COIF Income & Property Unlts Term Deposlts Total CARRYING VALUE At l January 2024 Addltions Interest recelved Less: disposals Transfer5 inlloutl Unrealised gains/{lossesl 110.894 110,894 1,902 1,902 At 31 December 2024 112,796 112,796 io. STOCKS 2024 2023 Ma8ical Taxl Tour Merchandlse I,¢)00 1,000 Stock consists of gifts, clothing and other merchandise given to children and volunteers who participate in the Magical Taxi Tour for Children 17
THE WORSHIPFUL COMPANY OF HACKNEY CARRIAGE DRIVERS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2024 ii. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors 12. INVESTMENTS 2024 2023 Term Deposlts Total Total CARRYING VALVE At l January 2024 Transfers Inllout) Addltions Interest received Less: dlsposa15 259,437 (2.8891 85,000 15,503 259.437 12,889) 85,000 15.503 251,240 8.197 At 31 December 2024 357,051 357.051 2S9,437 13. CASH 2024 2023 Nat West Bank Barclays Bank 183.133 105 153,552 90 183.238 153.642 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Accrued expenses 104 525 590 690 629 1,280 18
THE WORSHIPFUL COMPANY OF HACKNEY CARRIAGE DRIVERS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2024 15. CREDITORS: AMOUNTS FALLING DUE AFfER ONE YEAR 2024 2023 Loan from the Worshipful Company of Hackney Carrlage Drlvers livery companv 50,000 50,000 50.000 50,000 16. CONNEcfED ORGANISATIONS AND RELATED PARTIES The Worshipful Company of Hackney Carria8e Drivers Charity is an independent charity and the Trustees are appolnted by The Worshipful Company of Hackney Drivers livery company which is considered a related party together wlth Its members. 17. TRUSTEES, REMUNERATION AND BENEFITS There were no Trustees, remuneratlon, or other beneflts for the year ended 31 December 2024 norforthe year ended 31 December 2023. 18. TRUSTEES, EXPENSES In the year ended 31 December 2024, 51x trustees and three other related party Indlvldual$12023-four trustees) were reimbursed a total of £9,469 {2023 - £3,753) for direct expense5 Incurred In respert of the 2024 Maglcal Taxl Tour for Chlldren. 19. OPERATING LEASE COMMITMENT5 The Charlty has no operatlng lease commltments. zo. ULTIMATE CONTROLLING PARTY The Charlty is controlled by the Board of Trustees who are appointed by The Worshipful Company of Hackney Carri38e Drivers livery company. 19