REGISTERED CHARITY NUMBER: 1172474 RepoRT OF THE TRUSTEES AND FIPIANCIAL STATEMENTS FOR THE YEAR EIIDEO 31 OECEMBER 2025 FOR THÉ WORSHIPFUL COMPANY OF HACKNEY CARRIAGE DRIVERS CHARITY (• ClI1¥ble Incorpor•ted Oryanls*lonl
THE WORSHIPFUL COMPANY OF IIACKPIEY CARRIAGE DRIVERS CHARirrf CONTENTS OF THE FINANCIAL sfATEMENTS FOR THE YEAII ENDED 31 DECEMBER 2025 Page Report of the TnJstees 3to8 Independent Examlnerfs Report ststement of Flnanclal Actlvltles Balance Sheet li Notes to the Fln•nclal Statements 12to19
THE WORSHIPFUL COMPA14Y OF HACXNEY CARRIAGE DRIVERS CHARtTY REIY)RTOF THE TRusfE£S FOR TH£ YEAR ENDED 31 DECEMBER 2025 The Trustees present thelr report with the financial Statements of the Charlty for the year ended 31 Dernber 2025. The Trustees have adopted the provlsions of Accounting and Reportin8 by Charities: Statement of Recommended Practice appllcable to charities preparing their accounts in accordance with the Financial Reportin8 Standard appllcable in the UK and Republic of Ireland (Ffls 1021 (effective l January 20191. OBJEcfivES AND ACTIVITIES ObJe¢tl¥es and alms Pur ose5 an The Worshipful Company of Hackney Carriage Drl¥ers Charlty, oblectlves and alms can be summarlsed 35 follow5. To admlnlster benevolence when appropriate to member5 of the Worshipful Company of Hackney Carrlage Drivers, ired members. and widows or widowers of members. To or8anb5e a Magical Taxi trip for the benefit of children with Ilfe thre3tenSng diseases to D15neyland. Parls In a convoy of taX15, whlth trlpls to be self-fvnding by donations or sponsorship as far as is practical. To support the charltable work of the Wofshlpful Company ot Hackney Carrla8e Drlvers, tts affillated schools and mllltary units. To make 8rants, awards and donatlons to any ¢harlty Includin$ the nomlnated charlty of the Lord Mayor of the City of London. To sUPPOrt other Hackney Carrfa8e Trade Chartt5 to our best endeavours. T work deliver5 We revlew our aims, oblective5 and octlvities each year. Thls reW look5 at what we achleved and the outcomes of our work In the prevlous 12 months. The revlew looks at the success of each key actlvlty and the benefft5 they have brought to those groups of people we are set up to help. The review also help5 US to ensure that our alm. oblectlves and actSvStle5 remalned foeused on our stated purposes. We have referred to the guldance contained in the Charlty Commlsslon's general iuldarlce on publlc benefit when revlewin8 our alrns and objectives and in planningour fvture activities. In particular, theTrustees consider how planned actlvltle5 will contributt to the alms and objectives they have seL The focus of the Chartty's work contlnue5 primarlly to be the or8anisatlon of an annual Ma8lcal Taxi Tour for Chlldren. The Charity was able to or8an15e a SUCSsful 29, Ma8Kal Taxi Tour for Chihlren In 2025. The Trustees have paid due regard to 8uldance Issued bythe Charlty Commlsslon in deckllng what artlvitle5 the Charlty should undertake.
THE WORSHIPFULCOMPANY OF HACKNEY CARRIAGE DRIVEILS CHARtTY REPORT OF THE TRUSTEE5 FOR THE YEAR ENDED 31 DECEMBER 2025 STRATEGIC REPORT Achlevement and perforniant• Churitoble octivities How our artivltles delbver In setting our oblectfves and planning our arttvities the Trustee5 have glven careful ¢onsideration to the Chadty Commlsslon'5 general Buidarbce on publSc benefiL indudin8 the guidance on public beneflt and fee char8ln8. Our maln activities and who we try to help our described below. The Charity's artivities contlnue to focu5 on our ability to provbde support to charltable acti¥itie5 undertaken with the Worshipful Company of Hackney Carrlage Drlvers. Them l Taxi Tour f The ¥nnual Ma8ical Taxi TOUT for Chlldren nomalty takes place In September each year. The complexity of thls event and the fund ralslng to finance it requlres lon8term advanced plannln8 over many nnths. r tharita The Charlty Is proud of the support that It provkles to other Cab Trade Charltles, The Clty of London and our afflllatlons wlth the 2tth Tfan5PQrt Squadron Royal Logistic5 Corps. the Royal Naval Sthool of Fll8ht Deck Operations. $04 Squadron Royal Auxlllary Alr Force and the Royal Docks Community khool. The Trusteeswi5h to record thelrappreclatlon to all of the many supporters of thecharfty and especlallyto the members of the Worshlpful Company of Hackney Carrlage Divers Ilvery company for their contlnuing hard work and dedlcailon to our purposes and we look forward with confidence to contlnuln8 our work in the future.
THE WORSHIPFULCOMPANY OF HACKNEY CARRIAGE DRIVERS CHARtTY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 STRATEGIC REPORT Flnanclal revlew Flnoncial p051tion The Statement of Financlal ArtleS show5 total income fof the year ended 31 December 2025 of £505.19112024 - £575,224) and total expenditure of £454,94212024- £447,364) thereby Increaslng by £50,24912024- lftcreoslno bv £127,860) the Charity'5 total funds as at 31 OecembÈr 2025. There were unfeallseil losses on Investments as at 31 December 2025 of £4.169 (2024- unreollsed goln5 of £1.9031. There has been a net cash Inflow durin8 the year ended 31 December 2025 of £48,625 {2Q24- net cash Inflow totolllnq £127,210) and at the year end the Charity had £588.91412024- £540.2891 of cash balances Iln¢ludlng term dep051tsl available to meet its day-to4ay operational requirements. The total funds retalned In the balance sheet as at 31 December 2025 amounted to £660.90511024- £614,825). ReseThes polky The activities ol the Charlty. particularty the MagSc31 Taxl Tour for Children, requlre advance plannlng over Several years whlch create $18nlficant contingent financial liabillties for future ¢osts. The reserves pollcy of the Charlty 55 to malntaln sufflclent liquid reserves, in elther restrlrted or unrestrfcted fvnds, at level which equates to between and three years of tot81 experbditure in a normal year. Golng concern No rnatters have come to the attentlon (rf theTru5tees which mi8ht suggest thatthe Ch•rlty wlll not be able to malntaln Its current artSvltle5 for the toreseeable fvture. The Trustees have, therefore. consldered that Is approprlate for the financlal statements to be prepared on the 8obng corKern basts. Future pl•ns Plans are well advanced for the 2026 trlp to Dlsneyland Parl The Charlty ¢ontlnues to SUPPOrt indlvidual London Taxl Drlvers whose are sufferln8 flnanclally and to be avallable to organlse and particlpate in other forms of support to the City of London. STRucfuiiE, GOVERNANCE AND MANAGEMENT Governlni do¢um•nt The Worshipful Company of Hackney Carrlage tl¥erS Charlty Is a Chatable Incorporated Or8anlsation Ireglstered number 11724741. The Charlty is 8overned by a trust deed dated 27th August 19%. a variatlon deed dated 1° February 1999, and a fvrther variation deed dated 20 December 2OJ7. The Charity converted into a Charitable Incorporated Orgat)isation 7, April 2017 ha¥in8 adopted a new constftutlon on 8" December 2016. The Charity Is Independentty Bovemed by 11$ Trustees throu8h the Board of Trustee5 who are Members of The Worshlpful Company of Hackney Carrlage Drivers, which ts a Cfty of London Ilvery companv.
TrIE WORSHIPFUL COMPANY OF HACK14EY CARRIAGE ORIVER5 QIARriY REPORT OF THE TRusfEES FOR THE YEAR ENDEO 31 DECEMBER 2025 srRucfuftE, GOVERNANCE ANO MANAGEMENr Govemln8 document {contlnuedl All Trustees of the Charity are Members ot the CharSty and there are rbo other Trustees or Members. No Trustee or Member has any beneficial interest in the Charlty. Twstees and Members not requlred to contflbute to Its assets In the event of the Charity bein8 woynd up. Recrultment •nd appo5ntmert of new trustees The Court of theworshipful Company of Hackney Carria8e Orlversappointsthe Trustee5who are adrnitted as Members. As set out Inthe Charfty's Constltutlon one-third of the Trustees shall retire and seek relection at every Annual General Meeting. Each Trustee may serve for renewable terms of three years up to a moxlmum of 12 years, service in total. A Member shall ase to be a Member lrnmedlatety that they cease io be a Trustee of the Charlty for any reason. All Trustees 8lve their tlme voluntarlty and recelve no benefbts from the Charlty. Any expenses reclalmed from the CharSty are set out In the notes to the financSal ststements. Orynls•tlonal structure The Charity Is OT8anlsed so that Its Board ofTrustees meet regularly to mana8e its affalrs and formulate pollry. Two Trustees are appolnted by the Board of Trvstees to be responslble for the day-to-day runnin8 and flr*ancial management of the Charlty. The Honorary Treasurer 15 responslble forthe preparatlon of the annual accounts. Durln8 the year ended 31 December 2025 the Charlty ha5 ¢ontlnued to adhere to the Charity Governance Code for Smaller Charltle5 usln8 the Code's seven key prlndples as a tool to support the continuous Improvement of good 8overnance. Indu¢tlon and tralnlni ol new trusttts New Tfustèes undergo an indurtion meetinRto brlefthem on legal obliytlons under ¢harlty law, Ihe Charlty'5 de¢lslon- maklnB processes and the recent flnancial performance of the Charity. Trustees are encouraged to attend appropriate external tralnlng events wttere these wlll facilitate the UndeandIn6 of thelr ro. K•y m•naym•nt f•muner•tlon In the Tru5tees' oplnion, the key mana8ement personnel of the Chaffty responsible for the dlrettlon. control, running and operatlon of the Charity on a day-to4ay ba515 conslsts of the eoard of Tnjstees. mana em nt er nn All Trustees gi¥e of their time free and no tnJstee recehTed remuneratlon durin8 the year. Detolls of Trustees, expenses and related party transactlonsare dlxlosed in notes 17 and 18 to the financlal statements. Rlsk manag•meht The Trustees have a duty to Identify and reW the rlsks to whlch the Charity is exposed and to ensure approprlate controls are in place to provide reasonable assurance against fraud and error. The Trustees have examlned the major strateglc. business and operational ri5k5 that the CharRy faces and confirm that systems have been established to enable regular report5 to be Produced so that necessary steps can be taken to lessen these rlsks.
THE WORSHIPFUL COMPANY OF IIACKNEY CARRIAGE DRIVERS CHARrrY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 310ECEMBER 2025 REFERENCE AND ADMINISTrATIVE OETAILS Re8lst¢red Ch•fSty numb¢r 1172474 ReOMered office PO Box 2113 Chigwell Essex IG7 6BO Truste•s Mlchael Davles Phllllp Davis MBE Peter lohansen MBE FCA Lelgh Dar8en Danlel Heath Sllverlo Ollvelra Wendy Sorrell Mary Whltworth Steven Wrl8ht Chair Secretary Honorary Treasurer {appolnted 13 February 20261 Indopthd•nt tMIn*r Andrew Hall Chartered Management Accountant Chalfont Accountlng Servlces Limited 12 The Grove Latimer, Chesham Bucklnghamshlre HPS IUE Banke Nat West Bank PLC city of London Branch Prln¢es Street London EC2A 8BP Bartlays Bank PLC Bedford Row Branch Lelcester Leicestershire LE87 288 United Tnjst Bank Ltd l Ropemaker Street London EC2Y 9AW Cambrldge & Countie5 Bank Ltd Charnwood Court 58 New Walk Leicester LEI 6TE Hampshlre TfU5t Bank 55 81shopsgate London EC2N 3AS Aldennore Bank PLC Apex Plaza Forbury Road Readbng RGI IAX Bimiin8ham Bank Mirtorles Arude 35 Bull Street Lewls Birmingham 84 6AF Charter Savings Bank Ltd PO Box 855 Wallsend Newcastle-upon-Tyne NE28 5BL Redwood Bank 101 The Nexus Building Broadwav Letchworth Garden Clty SG6 3TA CCLA Investment Senator House 85 Queen Wictoria Street London EV4V 4ET Nagstone Group Limited Uareville House 26-27 Oxendon Street London SWIY 4EL
THE WORSHIPFUL COMPANY OF HACKNEY CARRIAGE DRIVERS CHARtTY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 STATEMENT OF TRU5fEES RESPONSIBIUTIE5 The Trustees (who afe also Members of The Worshipful Company of Hatkney Carriage Drivers Charity? are responsible for preparing the Report of the Trustees and the fbnancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel, including Financial Reporting Standard 102"The Flnancial Reporting Standord applicable in the UK and Republic of Ireland" CharSty law requires the Trustees to prepare financial statements for each financial year which 8ive a true and fair view of the state of aflairs of the Charitable Company and of the incorning fesources and application of resource5, srscludSng the income and expenditure, of the Charitsble Company for that period. In preparing those financial staiements, the Trustees are required to: sele¢t sultable a¢counting policies and then apptythem consIstent- ob5er¥e the methods and principles in the Charity SORP.. make judgements and estimates that are reasonable and prudent.. state whether applicable accounting standards have been followed, 5ubhect to any material departures dlsclosed and explainèd in the financial statements; prepare the financial statèments on the goln8 concern basls unle55 it Is inapproprlate to presume that the Charitable Comp8ny w511 corttinue in business. The Trustees are responsible for keepln8 proper accounting records which disclose with reasonable a¢curacy at any tlme the financial position of the Chafitable Corn¥. They are a150 responsible for saleguardin8 the assets of the Charltable Company and hence lor takirb8 reasonable steps for the prevention and dettctlon of fraud and other irregularltles. In so far as the Trusiees are aware.. there Is no relevant Information of whlch the Charitable Company's Independent Examiner Is unawore- and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant Information 3nd to establish that the Independent Examiner bs aware of that Informatlon. Ind¢pendent Examlner The Independent Examlner. Andrew Hall. will be proposed for re-appointment by the Board of Trustees at thelr next meetlng. This report ha5 been prepared in accordan wfth the provisions of the requirements of the Charftles SORP IFRS 1021 lor smaller charltles. The Re 2026 of the Trustees, incorporating a strategic rèport, was approved by order of the 8oard of Trustees. on l June ned on the Board's behalf by.. nds trl L¢/ Michael Davies- Trustee
INDEPENDENT EXAMIMERS'S REPORT TO THE TRUSTEES OF THE WORSHIPFUL COMPANY OF HACKNEY CARRIAGE DRNEIS CHARITY (REGISTERED NUMBER: 11724741 Responslbllltles and ba515 of report I report to the Trustees of The Worshlpful Company of Hackney Carriage Drlvers Chartty Ithe'Tru5t'l on my examination of the accounts for the year ended 31 December 2025 which compflse the Statement of Financlal Artivitie5, the 8alance Sheet, and note5 to the financial ststements. Includin8 a summary of slgnificant a¢countin8 policies as set out on pages 12 to 14. As the Charl5 trustees, you are responslble for the preparation of the accounts in accordance with the requlrements of the Charltles Act 2011 lryhe Acfl and you conslder that the audit Tequlrements of Part 8, Chapter 3 of the Aci does not apply. I report In re5pe¢t of my examination of the Trusts accounts carried out under 5ectlon 145 of the 2011 Act and In ¢arryin8 Out my examlnSon, I havefollowed alltheappllb1e Dlrectlonsgiven bythe Charttycommlsslon under 5ectlon 1451511bl of the Art. Independent Examlnerfs sMem•nt I have completed my examination. I conflrm that no mater5al marters have come to my attentlon In connectlon wlth the xamlnation whlch Bives me cause to believe that In •ny material respert.. the accountin8 records were not kept in accordance with sectlon 130 of the Chadtles Act.. or the accounts did not accord wh the accountln8 records; or the accounts dld not comply wlth the appll¢able requlrements concernlng the form and content ol a¢counts set out In the Charltles IAc¢ounts and Reports) Regulation 2(M)8 other tharb any requlrement that the accounts Ive a 'true and falrf vlew whl¢h Is 3 matter consldered as part of an independent examlnatlon. I have no concerns and have come acro no other matters In connection with the examination to whlth attentlon should be drawn In thls report in order to enable a proper understanding of the accounts to be reached. Andrew Hall Chartered Management Accountant Chalfont AccountSng Serylces Llmlted IZ The Grove Latlmer, Chesham Buckinghamshlre HPS IUE I lune 2026
THE WORSHIPFULCOMPANY OF HACKNEY CARRIAGE ORIVERS CtrIARirY srATEMENT OF FINANCIAL AcnviTIES {INCORKIRATING AN INCOME AND EXPENI)ITURE Accouim FOR THE YEAR ENDED 31 OECEMBER 2025 2025 Unrertrkt•d R•strkQed Total funds neral funds Dkney lund 2024 Total funds IMCOMING RESOURCES Income from.. Donatlons and le8acies Other tradlng activitles Investment Income Tot1 In¢offlI r•sources 537.683 15,939 21,602 575.224 16.201 15.482 491,743 21A21 23.290 505,191 RESOURCES EXPENDED Expendlture on: Ralslng funds Charltable actlvltles Supporr and 8overnance Costs Total r•sources •xwd•d 19.325 409,580 19A124 447.937 21.945 413.585 19,412 454,942 21,799 404,932 20,633 447,364 3,997 NÉT IEXENOITUREIIINCOME BEFORE INVESTMENf ILOSSESIIfjAINS Net110s5esllgaSn5 on investments IIET IEXPENDITUREIIINCOME 50349 4,169 127,860 1,903 129,763 4,1691 2374 43006 OTHER RECOGN15ED GAIN¥{LOSSES) NET MOVEMENT IN FUNDS l274 129,763 RECONCIUATION OF FUt40S Total fund5 brou8ht forward l January 2025 Total funds carrfd lorward 31 December 2025 175.555 17729 439370 483.076 614825 660.905 485.062 614.825 io
THE WORSHIPFUL COMPANY OF HACKNEY (ARRIAGE DRIVERS CHARITY {REGISTERED NUMBER.. 11724741 8ALANCE SHE AT 31 DECEMBER 2025 2025 Tot•1 funds 2024 Total funds Unre#rlctod ral funds Restrkted Dhney fvnd FIXED ASSETS Herita8e assets Investments Total Flxed Ass•ts 11.369 108,627 119.9% 11.369 108,627 119.996 11,369 112,796 124,165 CURRENT ASSETS Stocks Debtors Investments Cash at bank and In hand Total Current Assets io li 12 13 i.¢xJo 1,850 430,167 50.434 483.451 1.850 521.058 6756 591,764 90,891 17.422 108,313 357,051 183,238 541,289 CREDITORS: amounts falllng due wlthln orte year 14 375 855 629 NET CURRENT ASSETS lo7>3 483.076 590.91)9 540,660 TOTAL ASSETS LESS CURIIENT UA8IUTIES 227JZ9 483.076 710,905 664,825 CREDITORS: amounts falling due after one year Is so,Tr)o TOTAL NEf ASSETS 177.829 483.076 660.905 614,825 FUNDS OF THE CHARITY Unrestrirted general fund Restricted Disney Fund TOTAL FUNDS 177,829 179.679 481,226 660.905 175,555 439.270 614.825 483.076 483.076 177.829 These financial statements have been prepared In accordan¢e with the provlslons applicable to chariiable companie5 subject to the smaller companies. regime. l statements were approved by the Board of Trustee5 on l June 2026 and were signed on Its behalf by.. The nanc Michael Davies- Trustee Pet lohzrtsen E FCA- Trustee li
THE WORSHIPFUL COMPANY OF HACXNEY CARRIAGE DRIVERS CHAR[ P40TES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTIP4G pouaES BASIS OF PREPARING THE FINANCIAL ATEmENTs General Informatlon The WorshSpful Company of Hackney Carriage Orivers Chartty is a charity Incorporated in England and Wales (Registered Chafrty Number 11724741. The address of the CharitWs registered office is PO Box 2113, Chi8well, Essex, IG7 6BP. Accountlng conventloft The financi¥l staiements of the Charlty, whlch is a public benefft entlty under FRS 102, have been prepared In acco¥dance wlth the CharltSes SORP IFRS 1021 'Atcountin8 and Reporting by Charities.. Statement of Recommended Practice applScable to chafltles prepadng their accounts in a¢cordance with the Financiol Reportlng Standard applicablè in the United Klngdom and Republlc of Ireland IFRS 1021 leffettlve l January 20191. Flnanclal Reportln8 Standarfl 102 'The Financial Reportln8 Standard appllcable in the UK and Republlc of Irel8nd". the Companles Act 2CI)6 and the Charities Act 2011. The flnan¢bal statements have been prepared using the hi5torlc cost Conyentlon and are presented In sterlln& whlch Is the functlonal currency of the Charity. rounded to the nearest £1. The significant accountln8 policies applSed In the preparatlon of these ffinan¢lal statements are Set out below. These policies have been Consistent applled to all year5 presented Unl oth•rwlse stated. CHARITY STATUS The Charlty is a Chafftable Incorporated Organisation. The Members of the Charfty are the Trustees named In the Report of the Trustees. In the event of the Charlty being wound up the Member5 have no Ilablllty to contrlbute to Its assets and no personal responslblllty for 5ettlin81ts debts and liabilltles. GOING CONCERN The financial statemÈnts have been prepared on a golrb8 ¢oncem basls as the Trustees belleve that no materlal untertalntles exlst. The TN5tees have ¢onsldered the level of tunds held and the experted level of Income and expendlture lor 12 months from authorlsln8 these financlal st3tement5. The expetted level of Income and expendfture15 5uffl¢lent wlth the level of re5efves lor the clrIty to be able to continue as a 80in8 concern. INCOME All Income is reco8ni5ed in the Statement ot Fln3ndal Artivitles once the Charlty has entltlement to the funds, Is probable thai the income will be received, arhd the amount can be measured reliab. For donations to be recognlsed the Charfty wlll have been notrfled of the amounts and the settlement date In writln8. If there are condttions atts¢hed to the donatlon and this requires a level of performance before entltlement can be obtalned then income Is deferred until those conditions are fully met or the fulfilment of those corKlltlons15 wlthln the tt)ntrol of the CharÈty and It Is prob4ble that they will be fulfilled. Investment income is earned through holdlng assets such as cash on deposit or Investments In short term bonds and other Similar investments. It Includes Interest receivable. Inte$t income is reco8nlsed usln8 the effective Interest rate method and Is recognised as the Charity's ri8ht to recer¥e payment is established. 12
THE WORSHIPFUL COMPANY OF HACKNEY CARRIAGE DRIVERS CHARITY MOTES TO THE FINANCIAL STAYEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING pouaES. corbtlnu EXPENDITVRE All expenditure is accounted for on an a¢cruals basis and has been classified under headlngs that a88regate all costs related an activity of the Charity. Expenditure is recognised Whe there is a legal or ¢onstructive obligatlon to make payments to thlrd partles, 1115 probable that the settlement will be required and the amount of the obli8atiort can be measured reliabty. It Is categorlsed under the followin8 headlngs. Ralsln8 funds Expenditure on charitsble activities Support and governance cost. Support costs are those that asslst with the work of the Charfty butdo not dlrertly opresent charltable actlvltles and Include office, governance and other admlnlstrative costs. TANGIBLE FIXED ASSETS Tan8ible fixed a55ets are stated at ¢ost less depreciation or In cases where fi¥ed assets have been donated at Valuatlon at the tlme of acquisition. Depreclatlon has been pro¥lded on tan8ible fixed assets at annual rates calculated to wrlte off the cost. less the estlmated fesldual value. of each asset over Irs estlmated useful life at the folbwlng rates. Office equlpment and cornputers - 20% on cost DepreclatSon on tan8lbie fixed assets ts charged in the year of acqulsftlon and subsequent years. The galn or loss arisin8 on the disposal of an asset is detemiined as the dlfferen¢e betrleen the Sale proceeds and the carryln8 value ol the asset and is recognised in net Incomel lexpenditurel for the year. HERITAGE ASSErs Herltage assets comprlse sifvep*are presented to affillated organisations or annual awards whlch are stated at h15todc cost and are not depreciated betsuse they maintaln thelr value Indefinltely. TAXATION The Chafity Is exempt from cofporatlon tax on Its charitable activltles. CASH AMD CASH EQUWALENTS Cash and cash equlvalents Include cash in hand arKI deposlts held at call with banks, short term l)onds and investrnents. OPERATING LWES There are no operatlng leases. EMPLOYÉE BENEFtrs The Chartty does not have any employees. 1 artlvlties are or8anised bythe Trustees orvolunteers. 13
ThE WORSHIPFUL COMPANY OF HACKNEY CARRIAGE DRIVER5 CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING pouaES. rtInUed FUPID ACCOUNT1146 General funds are unre5trirted funds which are avallabie for use atthe dlscretlon of the Trustees In furtherance of the general oblertlves of the Charity and which have not been desigrwted for other purposes. Restricted funds are funds which are to be used In accordance with 5pe¢ific restrictions imposed by donors or which have been raised bythe Charity for particular purposes. The costs of raising and admlnisterln8 such funds are charged agalnst the speclfic fund. The Disney Restricted Fund is retained specifically for the annual Maqlcal Taxl Tour for Children to Dlsneyland Parls. FINANOAL INSTRUMENTS The CharSty only ha5 financlal a55ets and financlal IlabSlltle5 of a klnd that quallfy as baslc ffinanclal Instruments. Baslc flnanclal Instruments are 1nttlal recoontsed attransxtion value arrfl subsequentlymeasured at amortlsed cost. CRMCAL ACCOUNTING ESTIMATES ANO JUDGEMENIS In the appllcation of the Charlty's accounting polldes, the Trnstees are requlred to make ludgements, estlmate5 and assumptlon3 about the carrylng amount of assets aThl Ilabilltles that are not readlly apparent from other sources. The estlmates and underlylng assumptlons are reviewed on an on8oln8 basls. Rev151ons to accountlng estlmates are Tecognised in the perlod In whlch the estlmatels revised where the revision affects only that period or In the perlod of the revlslon and future perlods where the revlslon affects both Current and fvture perlods. DONATIOIIS AND LEGACIES 2025 Unrestrlrted Restrkt¢d Totsl funds neral funds 0191 fvnd 2024 Total fvnds tk>natlons and 8lfts Donated goods, facllltle5 and sefvlces 260060 260mO 337,6B3 zoo,wo 537.683 The Charrty in Indebted to the many volunteers and or8anisations that sponsor and support tts charltable activitles. particularfy the Magical Taxl Tour for Children. Wtthout the Involvement of over 100 London black cab drivers, the many dortors and nurses of the NHS, London Ambulance Service, the Clty of London Police. the French Guarde Nationale, the Automobile Association. P&0 FÈthes, the Marriott Hotel Group. all those Livery Companles ar other organisations or in(ldal5 who sporwir a taxi. the MataL Taxi Tour would not be possible. 14
THE WORSHIPFULCOMPANY OF HACKNEY CARRIAGE DRIVERS CHAR1 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2025 IIICOME FROM OThER TRADING ACllVITIE5 2024 Total fvnds Unrestrkted Restrkled Totsl funds ner•1 funds Dlsney fund Christmas Ball Past Masters. lunch 104 aub draw 16201 16301 10.3S4 85 5,500 16201 I11 15,939 IIIVESTMENT INCOME 2024 Unres1rf ftestrlrted Total funds Total funds n¢rnl funds Olsney lund Bank deposlt IrbCOme Nat West Bank 175 L918 2,093 2,532 Investment Income CCLA Charitles Investment Fund Term Deposlts 3,642 17.555 3,567 15,503 13J64 15882 23,290 21.602 EXPENDrruRE ON RAISING FUNDS 2025 Totsl fund$ 2024 Total fvnds UDrestrlcted Reslrl¢ted neral fvnds Dlsney fund ChTlstmas Ball 104 Oraw Corporate hospitslity and dinners 70 14170 12.559 1,970 7,270 4hS5 5.635 19325 21.945 21,799
THE WORSHIPFUL COMPANY OF HACKNEY CARRIAGE ORIVERS CHAR(TY NOTESTO THE FINANCIAL STATEMEPITS FOR THE YEAR ENDED ai DECEMBER 2025 EXPENDITURE ON CHARITABLE AcnvmES 2025 2024 unfestrf Reslrlrted Total funds Total funds 8enernl funds Dlsney lund Magical Taxl Tour of Childre Awards Other grants and donatlons 409J30 40930 750 YA05 398,940 1,037 4,955 750 3247 413,585 404,932 SUPPORT AND GOVERNANCE com 2025 unrestr 11•51rlrted Tot funds n*r•l fvnds Olsney lund 2024 Total lunds Prlnting and statlmary Telephones Advertising Posta8e and adminlstration Computer costs Meetln85 and ssjbslstence Insurance Stora8e rental Bank Charges Independent Examiners fees 655 655 494 J50 437 1.205 J,016 6,302 5,150 953 750 354 337 1,070 673 3,017 1,423 7,154 5,124 956 525 350 424 3,016 6302 953 375 375 19.024 19.412 20,633 16
THE WORSHIPFUL COMPANY OF HACKPIEY CARRIAGE DRIVERS CHAR[ NOTESTO THE FINANCIAL STATEMENT5 FOR THE YEAR ENOED 31 DECEMBER 2025 HERtrAGE ASSETS 2025 2024 Sll¥r¥Ar• •nd awards T4>tal Total COST ANO NEf BOOK VALVE At l January 2025 Ad(Jltlons 119 IlJ69 11,369 At 31 December 2025 11369 11369 11,369 Herltage assets COn$t of silverware •nd awards whlch are not depreclated because they retaSn their value Indefinitelv. INVE5TMENT5 COIF In¢om• Terni & PrortY Depwtts Unlts Totsl CARRYING VALUE At l January 2025 Addltlons Interest recelved Less.. dlsposals Transfers Inlloutl Unreallsed Ilosse5118alns 111796 112,796 4.169) 4,169) At 31 December 2025 IOJ,627 108.617 io. 2025 2024 Magical Taxl Tour Merchandise Stock con515ts of gifts, clothing and other merthandlse Biven to children and volunteers who particlpate In the M•glcal Taxi Tour for Children 17
THE WORSHIPFUL COMPANY OF HACKMEY fARRIAGE DRNERS CHARITY NOTESTO THE FINANCIAL STATEMEP FOR THE YEAR ENDED 31 DECEMBER 2025 li. DEBTORS: AMOUNTS FAWNG DUE wmiiN ONE YEAR 2025 2024 Pre-payments Imso 12. INVESTMENTS 2025 2024 Term Total Total CARRYING VALUE At l January 2025 Transfers inllovtl Additions Interest recelved Less.. dlsposa15 357.051 1&3291 357.051 1&3291 Z50,0 17,555 1952191 259,437 12.8891 85,0 15,503 17,555 95,2191 At 31 December 2025 511 511J>58 58 357,051 2025 2024 Nat West Bank Bardays Bank 67,751 105 183,133 105 6756 183,238 aiEDrroRS: AMOUNTS FALUNG DUE wmiiN ONE YEAR 2025 2024 Trade ¢redhors Accrued expenses 105 750 104 525 855 629
THE WORSHIPFULCOMPANY OF HACKNEY CARRIAGE DRIVERS CHARITY NOTESTO TME FINANQAL STATEMENTS FOR THE YEAR ENDEO 310ECEMBER 2025 15. CREDITORS: AMOUNTS FAWN6 DIIE AFfER ONE YEAR 2025 2024 Loan from the Worshipful Company of Hackw Carriage Drivers Il¥ery company 50,OLY) 50,C<LI 16. CONNEcfED ORGAhllSATIOPIS AND RELATED PARn The Wor5hlpful Company of Hackney Cathage Drlver5 Chaflty Is an Independent charfty and the Trustees a appointed by The Worshlpful Company of Hockney Drlvers livery company which is considered a related partv together wlth Its members. 17. TRusfEES' REMUNERATION AND NEFITs There were no Trustees, remunerntion, or other beneffts for the year ended 31 December 2025 nor for the year ended 31 December 2024. TIIU5TEE5' EXPENSE5 In the year ended 31 December 2025, four trustee5 and flve other related party Indlvldu•l$12024- slx trustees ¢yrtd three other reloted purtiesl were relmbursed a total of £6,48412024 - E9.469) for dlrect expenses Incurred In respect of the 2025 Magical Taxl Tour for Children. 19. OPERATING LEASE COMMITMEPlf5 The Charfty has no operating lease commStrnents. LILnMATE CONTROLUNG PARTY The Charity Is controlled by the 8oard of Trustees who are appolnted by The Worshlpful Company of Hackney C3rrla8e Drivers livery ¢ornpany. 19