2024-05-31-accounts - The Hugs Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ Annual Report for the period

From 1[st] June 2023 Period start date To 31[st] May 2024 Period end date

Charity name: The Hugs Foundation

Charity registration number: 1175633

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The Hugs Foundation is an equine rescue charity, based in Bodmin, Cornwall, dedicated to improving animal welfare and the mental health and well-being of people through the therapeutic power of rescue animals and nature. Our work encompasses rehabilitating horses, ponies and donkeys that have suffered from neglect, abandonment or mistreatment, providing them with a safe, nurturing environment and aiming to find their forever home. We also provide therapeutic support to various groups, including children, young people and the elderly. We support a huge range of challenges, complex and additional needs including; social, emotional, physical and mental ill health, neurodiversity, trauma and abuse, bereavements, self-harm, suicide ideation, non-school attendance and social isolation, through animal-assisted services and working with the natural environment. We offer a unique and effective form of alternative support, alongside the rescue animals, encouraging emotional healing, resilience and personal growth. The work the rescue animals do, alongside our service users, is invaluable, it supports the animals to progress through their rehabilitation and find their forever home. Our work also includes offering educational programs, and community outreach to care homes and hospices. Our multiple aims and objectives include: • the rescue, rehabilitation and re-homing of unwanted, sick, mistreated and

		abandoned horses, ponies and donkeys. • to promote humane behaviours towards animals and educate the public in positive animal welfare. • to work alongside other rescues and organisations to make as big a difference as possible to animal welfare. • to improve children and young people’s social, emotional, physical and mental health and well-being through on-site interventions. • to decrease loneliness and increase social inclusion and hope amongst the elderly through visits to care homes. • to improve the social, emotional, physical and mental health and well- being of serving military personnel and veterans.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Our main charitable activities are to provide a safe, nurturing and enriching environment for our animal rescues, enabling us to rehabilitate and rehome as many as possible into a forever home and to provide well-being support to those in need. We do this by: Working alongside other rescues and organisations including; World Horse Welfare, the Mare & Foal Sanctuary, the RSPCA, the police and local councils, to rescue animals in need. Being active members of the National Equine Welfare Council (NEWC), The Federation of Horses in Education and Therapy International AISBL (HETI) and the Equine Assisted Services Partnership CiC. Rehabilitating rescue equines through individual programmes using ethical and empathic training techniques to create positive experiences for our rescues, enabling them to trust humans and build their confidence. Finding the right match for our rescues and their forever home. Attending events and running open days to raise awareness of the charity, educate the public about animal welfare and human

well-being and promote positive animal welfare. Providing well-being support through onsite interventions to children, young people, serving military personnel and veterans. These interventions are set up as a course of six sessions, with the option to extend if needed, and have been shaped by people with lived experiences and experts in wellbeing, learning and development. We provide a unique mix of nature-based interventions together with mentoring and workshops that can include; animal assisted services, nature activities, therapeutic learning, outdoor learning, teambuilding, arts and crafts, forest based activities, learning about sustainability and practical skills, such as horticulture and growing vegetables. Providing well-being visits for the elderly, with our rescue animals, for those that are unable to leave their accommodation (e.g. care homes). These visits bring the residents something different to their usual routine and something to look forward to. Residents leave their rooms and congregate in the social areas, decreasing loneliness and increasing social inclusion, happiness and hope. For those that cannot leave their rooms, our animals (usually Dude, our super star rescue pony), go to them. The smiles this brings to people’s faces and feedback we receive shows just how positive the impact is on their wellbeing and Dude is always keen to see the residents. We constantly monitor our animals’ welfare to ensure they are always happy and healthy. In April 2022, we were the first organisation in Cornwall to be accepted onto the Human Equine Interaction Register UK (HEIR). There have been no regulations in the UK to protect both the service users that access organisations for support and the equines that work in therapeutic sessions, leaving both at risk of further harm. The register has been created to ensure all people involved in the field of human equine interactions operate credible, high quality, safe and ethical practice standards for their service provision. We are incredibly proud to be part of this. There have been 14 ponies returned to the facility during this period, due to changes in owner circumstances including finances (9), owner health concerns (3) and loss of

		grazing (2). We continue to provide care for those returned to Hugs and look to rehome them once more. Eight of these returned ponies found new homes again, 1 has been reserved and will be going to their new homes soon, 5 are ready for rehoming and will continue to undergo training whilst remaining at Hugs. The charity is fully insured. All staff are enhanced DBS checked, a full safeguarding policy and procedure is in place and updated regularly, as are our other policies, such as equal opportunities. Volunteers continue to provide vital resource to the charity through activities such as; animal care and essential yard tasks, home checks, maintenance, admin, events and fundraising support, providing benefit to both volunteer and charity. Our Operations and Volunteer Manager has set up a new volunteer recruitment, training and retention programme and volunteer numbers are now growing once more. In 2021 we ran a pilot veterans project which was a success. This is something that the charity would like to offer permanently but is subject to funding and staffing capacity. A monthly newsletter continues to be produced and sent to our supporters (who have signed up in accordance with GDPR) to keep them up to date with the activities of the charity, promote our events and to encourage donor engagement.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees are aware of the guidance issued by the Charities Commission on public benefit with regard to the need for them to exercise their powers and duties for the benefit of the public. Every trustee has complied with their duty to have due regard on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38	N/A.
Policy on social investment including program related investment	Para 1.38	N/A.
Contribution made by volunteers	Para 1.38	In May 2023 we recruited our first Volunteer Coordinator (now the Operations and Volunteer Manager, as of March 2024). We

have implemented this role to develop the volunteer programmes and the operational side of the charity. Since May 2023, we have worked on increasing volunteer numbers across a variety of roles. Having more volunteers on board to support us, ultimately means we can rescue and rehabilitate more horses, assist more vulnerable people through our well-being services and support our local community via our community outreach programmes. Throughout the year we have recruited over 20 dedicated, hardworking and enthusiastic volunteers into our small charity; increasing our numbers from 5 to 24 regular volunteers.

We are currently onboarding volunteers into multiple areas of the charity to further grow and develop our organisation. Tasks such as cleaning and labelling tack donations, writing our monthly newsletter to our supporters, running stalls and activities at events for fundraising and helping to grow fruit, veg and herbs for the animals in our care are all great ways of getting involved with the charity, having an impact on the lives of animals and people and helping to make a difference. In this charity year, volunteers have contributed an incredible 1,759 hours to The Hugs Foundation.

Other N/A.

Achievements and Performance

----- Start of picture text -----
SORP
reference
Summary of the Equine Rescue
main achievements
of the charity, In this charity year we have rescued 27 equines (a total
Para 1.20
identifying the of 214 horses, ponies and donkeys and over 240 other
difference the animals in total since opening in 2017).
charity’s work has
made to the
circumstances of its
beneficiaries and
any wider benefits
to society as a
whole.
We have rehomed 28 of those rehabilitated equines (a
total of 167 since opening in 2017).
----- End of picture text -----

Recent statistics released from NEWC have highlighted that our rehoming value was the 10[th] highest, and our intake value was 9[th] highest within the rehoming charities who report to NEWC. Our small charity is statistically higher than some of the leading charities in the UK, which is a huge achievement for such a small team.

We have maintained communication with other leading equine charities in the UK. We have regular communication with World Horse Welfare and the RSPCA inspectors who cover Cornwall and Devon. The inspectors who cover Dartmoor and Bodmin Moor have a clear concept of our abilities to rehabilitate and train the types of feral equines that exist on the moors. The animal welfare team have a constant stream of enquiries regarding rehoming, welfare and surrender. Most of these are actioned in house, but prosecution cases and moorland concerns are transferred to the appropriate inspectorates and if we are unable to take in any surrender cases, we will signpost them to NEWC charities. 35% of our intakes are surrender cases. We have seen an increase in this type of rescue this year, due to a number of reasons including owner physical or mental ill health, finances, loss of grazing/livery and welfare needs no longer being able to be met. Additional large intake categories are unclaimed equines, which include Bodmin and Dartmoor, plus welfare intakes which are definitive welfare cases that have been removed from the owner and not surrendered. We have increased our tack sale and rehoming events, which in turn, have increased our income and rehoming applications. Our arena has had a revamp, and we have been able to hold a day clinic with Idyllwild Horsemanship as our guest clinician and hire the arena to add another income stream.

We have added an all-weather turnout area to our facilities, thanks to a grant from the fantastic Pets Foundation, which is being very much enjoyed by our equine rescues, saving them from the multitude of mud and rain we have seen! This is a huge asset to our facilities. In summer, we will be able to use it for those horses and ponies with conditions such as EMS and laminitis and in winter, for those who suffer from things like mud fever.

Youth Mental Health & Well-Being Project

Recent NHS data found the number of children in mental health crisis at record levels with urgent referrals now more than 3 times higher than in 2019. A child/young person is now being referred to the NHS every 30 seconds. In May 2023 there were 466,250 referrals made nationally to Child and Adolescent Mental Health Services (CAMHS). Thousands are having to wait months, even years to access support. The number of secondary school young people with emotional/behavioural disorders increased by 133% between 2012 and 2016 alone (Cornwall Council, 2017). Our schools are overwhelmed with the number of children needing additional support. There is huge demand for our project’s alternative provision/support with all referrals coming through word of mouth.

In this charity year, we have reached 109 children and young people, 64 of which were new to Hugs and 43 attended an additional block of sessions. Hugs delivered 642 hours of well-being interventions this

year. This brings our total number of individual children and young people supported to 813 and over 7,162 hours of well-being sessions conducted.

A huge achievement this charity year was that the youth well-being project (named Hooves, Hearts and Minds Aligned) was fully funded through trusts and grants, for the first time, making it financially accessible to all. A massive thank you to all that made this possible including; the National Lottery’s People’s Projects, Cornwall Community Foundation, the Garfield Weston Foundation and the Postcode Local Trust.

We have been accepted onto the new Cornwall Council Quality Provision Register as an accredited provision. Public sector services in Cornwall will only be able to refer to providers on this register from September 2024, so this will open new doors and add to our credibility. Our staff are undertaking the new Equine Assisted Services Diploma, the only official qualification in the UK regulated by Ofqual and accredited through OCN London.

We have added equipment to our sensory garden thanks to some grant funding and donations from our amazing supporters. This has included an extension to our wildlife pond, a den area, patio and pergola to create a de-escalation and calm, reflective space for our service users.

We have created a progression route for our service users so they can progress to supported volunteering with groups of similar ages and needs, enabling peer support and developing further skills. This is thanks to grant funding and will be running from September 2024. Liskeard Secondary School will also be starting a group supported volunteering project.

We have been contacted by several women’s refuge organisations in Cornwall and will be delivering one off sessions throughout Summer 2024. We also have a local forest school who are interested in working together on projects. This would be great for some collaborative team building days and also tree planting etc.

Our feedback forms are completed on a voluntary basis as for some service users compulsory completion may expose them to additional pressure and we have found that this can be a barrier and cause a service user to shut down. In addition, some service users have such complex needs that completing the form is impossible or their needs are such that the form would not provide for accurate data. Some service users just do not wish to complete the form, and we respect their wishes. We do try to encourage a verbal quote at least, to see if we have made a positive difference to them and gather feedback from the parent or carer that attends sessions with them. We are currently applying for funding to

undertake an external evaluation process of our provision, measuring tools and its impact to find a measuring/feedback tool for our service users that is more engaging, removes barriers and provides more accurate reporting. Outcomes • Of the 109 service users, 20 (18%) completed a feedback form. • 12 individuals completed the 7 item Warwick Edinburgh Mental Well-Being Scale (WEMWBS) with 83% recording a statistically significant change in their overall well-being. • Eight of our younger service users completed the traffic light feedback form. 100% reported an increase in their well-being. • We have had 5 feedback forms completed with questions asked to the supporting adult who attended with service users (e.g. parents/school). Results are below. We have supported over 40 different needs. Many of the service users who attend Hugs sessions come with more than one need, and they are often complex ones. As part of the support offered, we aim to get to know each service user as an individual, including their likes and dislikes. This then enables us to look at their needs alongside their preferences to create bespoke sessions for them, which in turn, creates child-led support for the service user. This year we have seen an increase in the need for support for neurodiversity, anxiety, emotional dysregulation, social isolation and non-engagement with school. We have noticed that certain activities are able to support specific needs. For example, grooming/brushing our ponies and encouraging a gentle, repetitive rocking movement with brush strokes enables us to hold the space for them and this has supported: • help with emotional regulation • learning grounding techniques and calming the mind • rocking movements can help stimulate the release of oxytocin • understanding the feeling of ‘in the moment’

We have worked with a greater number of children that are NEET and often Hugs is the only activity that they are leaving their homes for. Consequently, gross motor skills have been impacted along with being able to identify risk and the ability to safely risk take. We have also noticed a greater need for some additional facilities for our young people. This includes a swing to aid emotional regulation. Combining these learnings, we are now applying for funding to install a natural climbing frame area, including a swing. This is to aid emotional regulation and to help with strength, coordination and safe risk taking.

It has been more difficult to gather feedback, due to how complex needs are becoming and parents/schools not returning forms. This may also be because we are so passionate about hearing how the child is feeling over what an adult perception is, so we get less physical data and more comments about their feelings. To improve the number of people completing feedback, we are looking at recruiting a volunteer to concentrate specifically in this area. We are also applying for funding to undertake an external evaluation to discover if there is a more suitable measuring tool that would remove more barriers and be more engaging for service users.

Feedback

“My daughter has been to settings where they have not been able to meet her needs and have given up on us. Hugs have been a lifeline of therapeutic support and solace for both of us.”

“My son is happy at Hugs but is also a lot happier at home.”

“I just wanted to let you know just what an impact Hazel and Yilly made with my son on Friday. We popped to Aldi afterwards and when we got out of the car his words were 'I feel on top of the world for what I achieved today, I’m so proud of myself ' so a BIG thank you to Hazel & rescue pony Yilly, as a parent of a child

that struggles so much with his mental health it filled me with joy hearing and seeing the achievement he made." “My daughter was anxious about starting sessions because of all of the unknown factors. She has been unable to face any group activity since being deregistered from school in September 2023. She has loved the sessions! Her confidence has grown quickly around the animals, she now never wants to leave! She is noticeably calmer and chose to take part in a Hugs group session, even though it was a group! This is a huge development.” “My daughter has accessed Hugs over the last two years, and I cannot stress enough how important their work is. My daughter is in Autistic burn out and has been through many traumas and as a result is unable to access mainstream education. Hugs has been the only provision that she has managed to attend and the difference it has made is amazing. The therapeutic effect of animals is truly incredible but not only that, the whole team at Hugs, especially Hazel the Youth WellBeing Manager, are so good at what they do and seem to really understand young people and how to help them. My daughter has tried other equine therapies, but none have come close to Hugs in their understanding and activities. On another note, I work as a nurse specialist and refer young people to Hugs on a regular basis. Most of these young people are vulnerable and have behavioural and/or emotional difficulties. These young people almost always rely on funded sessions, and this is so important as without it, these ‘hard to reach’ families would almost certainly be unable to access this vital therapy. Without Hugs there would be a huge gap in this kind of therapeutic provision. We are in the midst of a mental health crisis for young people currently and Hugs provide a much needed service that must continue.” Read the full impact report here: - https://hugsfoundation.org.uk/wp - - - content/uploads/2024/08/Youth Wellbeing Impact Report-23-24.pdf

Community Outreach

We have delivered a number of education talks or facilitated visits in both animal welfare and human wellbeing to organisations including:

WI
Young Farmers
Little Harbour (Part of Children’s Hospice Southwest)
Barnardo’s
Scout groups
Brownie packs
Woman’s Refuge Group
Bodmin Folk Group
School groups
College groups
Georgia’s Voice
Guide Dog youth group

We have supported over 70 school children in this charity year and have established partnerships where several schools are now fundraising for us.

Care Home Well-Being Project

We have been able to carry out 32 care home visits with our rescue pony, Dude. This is a 68% increase on the previous charity year, evidencing the demand for

this service. This project was kindly funded by the Anton Jurgens Charitable Trust, The Hedley Foundation and public donations. Our visits incorporate animal interactions which include talking about well-being for both animals and humans. These visits lower blood pressure, increase ‘feel good’ endorphins, reducing stress and anxiety. The project has continued to be a huge success with visits now booked up nearly 12 months in advance!

“Well, what an amazing afternoon! We have been very privileged to have the company of Hugs. The love and dedication of Hazel and Jane shone through, their caring approach with Dude and our residents was the best experience ever. Dude was rescued by the charity when he was 3 months old, he would not have survived without the kindness and dedication of the charity. Dude certainly showed his appreciation and gratitude. Please come back to see us soon!” Roseland Court Care Home

“The residents at Penrice House thoroughly enjoy the afternoons when Dude visits. Dude has such a calming influence and the residents love interacting with him. Whenever Dude and the team visit, I know that it will be a fun filled afternoon with lots of smiles. I cannot thank Hugs enough for everything they do for us.” Penrice House

Other

We were hoping to run our military and veterans’ wellbeing project after the success of our pilot project in 2021 but sadly we have not been able to due to the demand for youth well-being sessions, staffing capacity and funding limitations. We hope this is something we can get up and running in the future.

We have continued to build relationships and partnerships which include; Young People Cornwall, Barnardo’s, Real Ideas, women’s refuges, other departments in the NHS and Cornwall Council, Children and Adolescent Mental Health Services (CAMHS), additional schools, both primary and secondary, children in care units, community nurses, social workers and social prescribers.

We have continued to work within with the local community, attending 9 community events including; Bodmin Hospital Fete, a Pass Wide & Slow event ride, Bodmin Fire Station open day, Bodmin dog show, Asda and Pets at Home. Dude and the team visited Cornwall College, Newquay University Centre to deliver a guest lecture to their university students. This is the second year we have been invited and we are delighted to say that we have been invited back for the next charity year. We also attended our first Christmas fair at Pencarrow House and Gardens and took new merchandise including mugs, bags and notepads, raising £700.

We held 3 very successful open days at Hugs rescue centre this year, which raised a total of £6,500 for the charity.

We had a fantastic supporter and service user’s parent create and sing an autism awareness song, which was then promoted through the NHS and raised awareness for Hugs. This got some great coverage with the media, including TV appearances.

We have continued to work collaboratively with the National Equine Welfare Council (NEWC) and the Federation of Horses in Education and Therapy International (HETI) UK. We are proud members of the Equine Assisted Services Partnership CiC and are on the Human Equine Interaction Register (HEIR) to ensure we provide the best services possible to both humans and equines. We have attended meetings throughout the year with the above organisations and the South West Equine Assisted Practitioners Regional Meetings. We have also collaborated with another charity, CHAOS Farm, to create the Cornwall Equine Assisted Practitioners Community to encourage everyone in Cornwall working in equine assisted services to come together, build relationships and a supportive network and encourage best practice. The fundraising strategy was purposely created to be flexible alongside the current financial climate and with the current cost of living crisis. We are incredibly grateful to the fantastic businesses that continue to support us with donations including; Carbonxgen, Proper Cornish, Pets at Home and Aspects Holidays. Our income streams have diversified over the last few years and those streams are now growing. Our Crowdfunder this year raised just over £16,000 and we have had our first discretionary legacy – an income stream we will be working on growing in the next charity year. This legacy enabled the charity to proactively expand its rescue activities to include more donkeys and include them in the well-being provision, as well as additional horses and ponies, which lack of funding had previously made impossible. It has also helped to create the all-weather turnout area for the donkeys and other equines in need. In our first year of raising funds through trusts and grants (August 2019 to 31st May 2020), we received £53,750. This charity year we have raised just over £190,000, which is an incredible achievement, given the financial climate for charities with many funders

		success rates now being significantly lower, due to increased demand. Funders have included; The National Lottery Community Fund (People’s Projects Awards), Garfield Weston Foundation, multiple funders through the Cornwall Community Foundation, Pets at Home Foundation, Jean Sainsbury Animal Welfare Trust, Animal Rescue Foundation, Animal Friends, Network for Animals, Ruth Smart Foundation, The Anton Jurgens Charitable Trust, The Hedley Foundation and Cornwall VSF Training Fund. Regular donors have increased from 16 monthly donors donating £2,400 every year in 2019 to over 150 donating more than £16,500 every year for Hugs. ‘Sponsor a Rescue’ gifts for resident animals has continued to be popular totalling over £1,100 for the year. We have also had some fantastic fundraisers onboard with some splendid fundraising activities ideas including; a 24 hour karatethon, a sponsored bike ride, quiz and raffle nights, dog shows, horse shows, shop collections, folk club evenings and birthday fundraisers. We have continued to work with professionals, to ensure we are doing the best we can to support and keep our charity’s donors, supporters, service users and animals safe including; a Health & Safety consultant, a GDPR consultant and a Safeguarding consultant. We have continued to provide counselling and supervision support for our staff and volunteers. Our youth well-being staff receive support on a regular basis and the offer is there for all other staff and volunteers to take up if they wish. This is to ensure that we are doing our part to care for everyone’s mental health and well- being, aligned with our values. Future Plans A future plan has been established as follows: • Continue to adapt, implement and develop our fundraising strategy, ensuring we can adjust where needed when the unexpected comes along and work towards becoming self-sustainable to ensure the Charity’s future. This includes working on a new legacy programme. We now have a part time Fundraising & Marketing Assistant and Finance Officer to grow our income further. • Increase capacity for on-site well-being support to meet demand through our new Supported Volunteering progression route. • Continue to train staff and liaise with other professionals in the sector to ensure the referrals

		being received are getting the best support they can, and we have the best safeguarding etc to keep services users and the charity safe. • Continue to be active members of HETI, NEWC, the Equine Assisted Services Partnership CiC, the South West Equine Assisted Practitioners Regional meetings and the Cornwall Equine Assisted Practitioners Community. • Continue to monitor moorland welfare and work closely with other charities and organisations to improve equine welfare in the UK. • Develop our offer of well-being support to reach out to other demographics including veterans, military personnel and first responders. Include a qualified therapist as an additional staff member to support this project, subject to funding. • Continue to develop our volunteer programmes and services for corporate groups including team building activities. This will raise awareness for the charity, build corporate relationships and aim to increase fundraising opportunities. • Continue to develop our staff through training and education appropriate to their sector. • Create additional track systems for our equine rescues to keep them out of the mud in winter and support those with medical conditions who need restricted grazing. • Start to research quotes to improve our isolation facilities. • Start to research quotes to improve our well-being facilities to include a reception area and additional area for learning inside in winter weather. • Launch a legacy programme and marketing campaign using the discretionary legacy received to create content around how legacies help the charity.

Additional information (optional) You may choose to include further statements where relevant about:


Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41


Investment performance against objectives	Para 1.41
Other
Financial Review

Review of the charity’s financial position at the end of the period	Para 1.21	Due to the cost of living increases and growth of the charity, our expenditure has increased again this year, and our income has grown to reflect this. During the year receipts of £512,954 were received from donations, trust and grants, sponsorships, legacies, rehoming fees and service charges. Of this, £121,268 was received from a corporate sponsorship partner that provided donations to set up and establish the charity through support with staffing and running costs. A flexible and phased plan is in place for this and a steady decrease over the following years as the diversified income streams grow, enabling the charity to become self- sustainable. Over £190,000 was raised in trust and grant funding, an increase on the previous year. A fundraising strategy and business plan is in place to reduce the donation amount and reliance on the corporate donor and diversify income streams, working towards self-sustainability. This has been successful so far, for example, regular donors have increased from 16 monthly donors donating £2,400 every year in 2019 to over 150 donating more than £16,500 in this charity year. Our second Crowdfunder raised over £16,000, we received our first discretionary legacy of an incredible £100,000 and we are submitting monthly Gift Aid claims totalling over £7,500 this charity year.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The Hugs Foundation is a fairly young charity and significant setup and operational costs have been incurred, thus the ability to create cash reserves was not possible. In addition to this, the coronavirus pandemic and the cost of living crisis, made it financially impossible to build or retain any reserve funding. The Hugs Foundation

		also believes that monies received should be spent in accordance with the charity mission and not held long term in a bank account. However, the charity recognises that 3-6 months running costs in reserves is a goal that must be achieved to keep the charity and its service users safe. In this charity year, we received a discretionary legacy of £100,000. This has enabled our cash reserves to build up. The Hugs Foundation is ultimately aiming to increase its level of unrestricted funds and reserves over the following years, in order to ensure the underlying financial resilience of the charity and to provide designated funds for specific projects. The aim would be for a minimum level of free reserves that The Hugs Foundation will hold in unrestricted funds, excluding fixed assets, to cover three to six months of core running costs plus any potential liabilities in the event of The Hugs Foundation having to cease its activities. The reserves policy is reviewed annually by The Hugs Foundation Trustees.
Amount of reserves held	Para 1.22	Total reserves held on 31 May 2024 were £239,083, split as unrestricted funds of £153,684 and restricted funds of £85,399. £115,722 of the unrestricted funds balance is held as cash.
Reasons for holding zero reserves	Para 1.22	N/A.
Details of fund materially in deficit	Para 1.24	N/A.
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	The cost of living crisis has had a negative impact on funding available for charities, due to the increase in demand. However, the charity has a flexible and diverse fundraising plan in place, including diversifying funding steams over the last few years e.g. monthly donations, which has increased again this year, and receiving its first legacy income. Demand for equine (horses, ponies and donkeys) rescues and rehoming is continuing to rise, with more owners unable to care for their animals due to the cost of living, and well- being service referrals continue to be fully booked with no marketing needed. This demand for the charity's services and the success in diversifying income streams, sees the outlook for The Hugs Foundation as optimistic for its future aim of being there for the community for years to come and becoming sustainable financially.

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47	The charity’s principal sources of funds are the trust and grant fundraising and the main corporate partner. To ensure the charity’s survival and sustainability long term, a phased reduction has started from the main corporate sponsor. Additional funding streams have been established and are steadily growing and include: • Individual giving, both one off donations and regular monthly donations • Memberships (Sponsor a Rescue or Stable) • Service charges • Animal rescue rehoming fees • Livery • Tack sale donations • Sandschool hire • Crowdfunding • Legacies • Merchandise • Corporate partnerships/sponsorships and donations Moving forwards, the charity’s fundraising plan is to continue to grow these diversified income streams and become less reliant on one main corporate sponsor. This is evidencing a positive trend in our annual accounts.
Investment policy and objectives including any social investment policy adopted	Para 1.46	N/A
A description of the principal risks facing the charity	Para 1.46	The trustees have assessed the major risks to which the charity is exposed and are satisfied that the systems in place (risk register etc.) will help to mitigate the risk or enable it to be dealt with in a timely, efficient manner.
Other

Structure, Governance and Management

Description of charity’s trusts:		N/A
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution of a Charitable Incorporated Organisation
How is the charity constituted?	Para 1.25	Charitable Incorporated Organisation

(e.g. unincorporated association, CIO)
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees can be selected in various ways including; approaching the charity themselves through CV or application or nomination by existing Trustees. Current Trustees will consider potential new Trustees who have skills which will help the charity e.g. animal welfare knowledge, children’s mental health, safeguarding, fundraising and charity management. Applications/nominations are brought to Trustee meeting to discuss. They are appointed upon approval by majority vote, familiarised with the day to day running of the charity and briefed on the governance and their responsibilities.

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	The Hugs Foundation
Other name the charity uses	N/A
Registered charity number	1175633
Charity’s principal address	Higher Whitley Farm Helland Road Bodmin Cornwall PL31 2NT

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Andrew Frederick Bowden
	TracyJayne Lewis
	Paul Jonathan Dransfield
	David Peter Sell		Resigned on 20th February2024.
	Rachel Pocknell		Resigned on 11th October 2023.
	Natalie Wilkerson		Appointed on 30th November 2023.

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
Safeguarding	Safe4Schools Ltd – Mark Bowles	58-60 Wetmore Road, Burton, DE14 1SN
Health & Safety	Safety First (Cornwall) – Daniel Hunt	Advent House, Station Approach, Saint Austell PL26 8LG
GDPR	Boo Consulting Limited	Unit 1a Safir House, Stret Caradoc, Newquay, Cornwall TR7 1GE

Name of chief executive or names of senior staff members (Optional information)
Andrew Bowden - Chairman

Andrew Bowden - Chairman

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Andrew Frederick Bowden Position (e.g. Secretary, Chair, etc)[Chair ] Date 14/08/2024

	Charity Name 1175633 Period start date 1 June 2023 To 31 May 2024 Annual accounts for the period The Hugs Foundation	Charity Name 1175633 Period start date 1 June 2023 To 31 May 2024 Annual accounts for the period The Hugs Foundation
Section A	Statement of financial activities
Recommended categories by activity Incoming resources (Note 3) Income and endowments from: Donations and legacies Charitable activities Other trading activities Resources expended (Note 5) Expenditure on: Raising funds Charitable activities Transfers *Reconciliation of funds:* *Total* Total funds brought forward *Total funds carried forward* *Total* Net income/(expenditure) before transfers Net income/(expenditure)		Unrestricted funds Restricted income funds Total funds Prior year funds £ £ £ £ 285,485 - 285,485 175,625 18,261 207,459 225,720 151,657 1,750 - 1,750 1,970
		305,495 207,459 512,954 *329,252*
		28,039 - 28,039 29,511 157,061 173,832 330,893 305,194
		185,100 173,832 358,933 *334,705*

		120,396 33,627 154,023 5,453 -
		- - -
		120,396 33,627 154,023 5,453 -
		33,288 51,771 85,059 90,512
		153,684 85,399 239,083 85,059

Section B Balance sheet

Fixed assets Tangible assets (Note 9) Total fixed assets Current assets Debtors (Note 10) Cash at bank and in hand (Note 12) Total current assets

Creditors: amounts falling due within one year (Note 11) Net current assets/(liabilities) Total net assets or liabilities Funds of the Charity Restricted income funds (Note 14) Unrestricted funds Total funds

Unrestricted funds £ 41,066	Restricted income funds Total this year *Total last* *year* £ £ £ - 41,066 30,926
41,066	- 41,066 *30,926*
8,800 115,722	- 8,800 6,637 85,399 201,121 59,557
124,522	85,399 209,921 *66,194*
	- 11,904 12,065
11,904

112,618	85,399 198,017 *54,129*

153,689	85,399 239,083 85,055
153,684	85,399 85,399 51,771 153,684 33,288
153,684	85,399 239,083 *85,059*

CC17a (Excel)

09/12/2024

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial • and with*  Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014

and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

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-Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors The cost of living crisis has had a negative impact on that support the conclusion that the funding available for charities, due to the increase in charity is a going concern; demand. However, the charity has a flexible and diverse fundraising plan in place, including diversifying funding steams over the last few years e.g. monthly donations, which has increased again this year, and receiving it's first legacy income. Demand for equine (horses, ponies and donkeys) rescues and rehoming is continuing to rise, with more owners unable to care for their animals due to the cost of living, and well-being service referrals continue to be fully booked with no marketing needed. This demand for the charity's services and the success in diversifying income streams, sees the outlook for The Hugs Foundation as optimistic for its future aim of being there for the community f t d b i t i bl fi i ll

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

CC17a (Excel)

09/12/2024

Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.1 INCOME

Note 2 2.1 INCOME	Accounting policies
Recognition of income	These are included in the Statement of Financial Activities (SoFA) when:
	 the charity becomes entitled to the resources; it is more likely than not that the trustees will receive the resources; and
	 the monetary value can be measured with sufficient reliability.
Offsetting	There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Grants and donations	Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
	In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant
	only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
	Legacies are included in the SOFA when receipt is probable, that is, when there has been
Legacies	grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity
	or have been met.
Government grants	The charity has received government grants in the reporting period
	Gift Aid receivable is included in income when there is a valid declaration from the donor.
Tax reclaims on donations	Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
and gifts	treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Contractual income and performance related grants	This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions.
Donated goods	Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.
	The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt.
	In the reporting period in which the stocks are distributed, they are recognised as an
	expense at the carrying amount of the stocks at distribution.
	Donated goods for resale are measured at fair value on initial recognition, which is the
	expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance
	sheet. On its sale the value of stock is charged against 'Income from other trading
	activities' and the proceeds from sale are also recognised as 'Income from other trading
	activities'.
	Goods donated for on-going use by the charity are recognised as tangible fixed assets
	and included in the SoFA as incoming resources when receivable.
	Gifts in kind for use by the charity are included in the SoFA as income from donations
	when receivable.
Donated services and	Donated services and facilities are included in the SOFA when received at the value of
facilities	the gift to the charity provided the value of the gift can be measured reliably.
	Donated services and facilities that are consumed immediately are recognised as income
	with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.
Support costs	The charity has incurred expenditure on support costs.
Volunteer help	The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
Income from interest,	This is included in the accounts when receipt is probable and the amount receivable can
royalties and dividends	be measured reliably.
Income from membership	Membership subscriptions received in the nature of a gift are recognised in Donations and
subscriptions	Legacies.
	Membership subscriptions which gives a member the right to buy services or other
	benefits are recognised as income earned from the provision of goods and services as income from charitable activities.
Settlement of insurance claims	Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA.
Investment gains and losses	This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the
	year.

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2.2 EXPENDITURE AND LIABILITIES

Yes No N/a

Liabilities are recognised where it is more likely than not that there is a legal or

Section C Notes to the accounts (cont)

Note 2 Accounting policies
2.3 ASSETS
Intangible fixed assets
Heritage assets
These are capitalised if they can be used for more than one year, and cost at least
£3,000.
Creditors
The charity has creditors which are measured at settlement amounts less any trade
discounts
Provisions for liabilities
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
Basic financial
instruments
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Redundancy cost
The charity made no redundancy payments during the reporting period.
Deferred income
No material item of deferred income has been included in the accounts.
Governance and support
costs
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Liability recognition
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
They are valued at cost.
Investments
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
Grants with performance
conditions
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
Grants payable without
performance conditions
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
Stocks and work in
progress
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
They are valued at cost.
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
The charity accounts for basic financial instruments on initial recognition as per paragraph
11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19,
FRS102 SORP.
Tangible fixed assets for
use by charity
The depreciation rates and methods used are disclosed in note 9.2.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
Current asset investments
The charity has has investments which it holds for resale or pending their sale and cash and cash
equivalents with a maturity date less than one year. These include cash on deposit and cash
equivalents with a maturity date of less than one year held for investment purposes rather than to
meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.

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Section C Notes to the accounts (cont)

Note 3	Analysis of income
			Restricted
		Unrestricted	income
		funds	funds	Total funds	*Prior year*
	Analysis			£	£
Donations and	Donations	183,612	-	183,612	174,096
legacies:	Legacies 100,000 General grants provided by government/other charities - Membership subscriptions and sponsorships 1,872 Total 285,485		- - - -	100,000 - 1,872 285,485	- - 1,529 *175,625*

Charitable	Grants	-	190,814	190,814	130,389
activities:	Crowd Funding		16,645	16,645	-
	Rehoming	8,410	-	8,410	8,740
	Mental Health	8,926	-	8,926	12,318
	Other	925	-	925	210
	Total 18,261		207,459	225,720	*151,657*

Other trading activities:	Hire income	1,750	-	1,750	1,970
	Total 1,750		-	1,750	*1,970*

TOTAL INCOME		305,495	207,459	512,954	*329,252*
Note 4	Analysis of receipts of government Description		grants	This year £	*Prior year* £
Government grant	HMRC Job Retention Scheme			-	-
			Total	-	-

CC17a (Excel)

09/12/2024

Section C Notes to the accounts (cont)

Note 5 Analysis of expenditure

----- Start of picture text -----
This year Last year
Restricted
Unrestricted Restricted Unrestricted income
Analysis funds income funds Total funds funds funds Total funds
Expenditure on raising funds: £ £
Staff Costs 23,822 - 23,822 26,314 - 26,314
Incurred seeking donations - - - - - -
Operating membership
schemes and social lotteries 3,119 - 3,119 1,986 - 1,986
Advertising, marketing, direct
- -
mail and publicity 1,098 1,098 1,212 1,212
Total expenditure on raising
funds 28,039 - 28,039 29,511 - 29,511
Expenditure on charitable activities:
Staff Costs 101,188 79,432 180,620 94,391 45,602 139,993
Recruitment Costs - - - - - -
Veterinary and Medical Costs 14,559 18,446 33,005 25,300 17,166 42,466
Feed 3,683 2,532 6,215 3,314 7,331 10,645
Yard Expenditure - 13,167 20,034 6,867 4 6,893 6,897
Equine Care 1,514 3,558 5,072 2,028 3,256 5,284
-
Training 2,561 5,403 7,964 1,548 1,548
Repairs and Renewals - 8,005 10,329 2,324 6,009 973 6,982
Insurance 5,199 3,574 8,773 4,459 2,052 6,511
Professional Fees 6,477 2,560 9,037 11,216 4,433 15,649
Bank and Payment Charges 866 - 866 663 - 663
- -
Computers and Internet 8,406 8,406 10,121 10,121
Utilities and Rates 18,261 13,277 31,538 27,577 9,631 37,208
Transport and Travel 9,792 998 10,790 5,831 595 6,426
Office Supplies - 3,673 6,444 2,771 1,434 927 2,361
- -
Depreciation 8,855 8,855 7,933 7,933
Programme Costs - 861 6,846 5,985 35 2,050 2,085
Sundries 1,405 400 1,805 1,731 694 2,425
Total expenditure on
charitable activities 157,061 173,832 330,894 203,593 101,601 305,195
TOTAL EXPENDITURE 185,100 173,832 358,933 233,105 101,601 334,706
----- End of picture text -----

CC17a (Excel)

09/12/2024

Section C Notes to the accounts (cont)

Note 6 Details of certain items of expenditure

6.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

----- Start of picture text -----
This year Last year
£ £
Independent examiner’s fees 780 720
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Note 7 Paid employees

----- Start of picture text -----
Please complete this note if the charity has any employees.
7.1 Staff Costs
This year Last year
£ £
Salaries and wages 190,927 146,152
Social security costs 9,037 7,927
Pension costs (defined contribution scheme) 4,478 4,353
Total staff costs 204,442 158,432
This year Last year
£ £
Please provide the total amount paid to key
management personnel (includes trustees and
senior management) for their services to the charity. 98,362 95,227
For specific amounts paid to trustees, see Note 28.
This year Last year
7.2 Average head count in the year
Number Number
The parts of the charity in which the Fundraising 2 1
employees work Charitable Activities 8 6
Total 10 7
----- End of picture text -----

Note 8 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

8.1 Please complete this note if a defined contribution pension scheme is operated.

Amount of contributions recognised in the SOFA as an expense

	This year	Last year
	£	£
	4,478	4,353

CC17a (Excel)

09/12/2024

Section C Notes to the accounts (cont)

Note 9 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

9.1 Cost or valuation

At the beginning of the year Additions Disposals At end of the year *Basis* Rate At beginning of the year Disposals Depreciation At end of the year Net book value at the beginning of the year Net book value at the end of the year 9.3 Net book value 9.2 Depreciation and impairments	Freehold land & buildings Other land & buildings Yard equipment Total £ £ £ £ 1,104 563 59,185 60,852 - - 18,996 18,996 - - -
	1,104 563 78,181 79,848
	RB RB SL 25% 25% 4/7/10/20 years 907 429 28,589 29,925 - - - 49 33 8,773 8,855
	956 462 37,362 38,780

	197 134 30,596 30,927 148 101 40,819 41,066

CC17a (Excel)

09/12/2024

Section C Notes to the accounts (cont)

Note 10 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

----- Start of picture text -----
This year Last year
10.1 Analysis of debtors
£ £
Trade debtors 1,129 3,336
Prepayments and accrued income 7,672 3,301
Taxation and social security - -
Total 8,800 6,637
----- End of picture text -----

Note 11 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

11.1 Analysis of creditors

11.1 Analysis of creditors
Trade creditors Accruals and deferred income Taxation and social security Other creditors Total	This year Last year This year Last year £ £ £ £ 6,736 4,607 - - 3,099 5,084 - - 2,069 2,163 - - -211 - - Amounts falling due within one year Amounts falling due after more than one year
	11,905 *12,066* - -

Note 12 Cash at bank and in hand

Cash at bank and on hand Total

	This year	Last year
	£	£
	201,121	59,557
	201,121	*59,557*

CC17a (Excel)

09/12/2024

Note 13 Events after the end of the reporting period

Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

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This year Last year
N/A N/A
Please provide details of the
nature of the event
N/A N/A
Provide an estimate of the
financial effect of the event
or a statement that such an
estimate cannot be made
----- End of picture text -----

CC17a (Excel)

09/12/2024

Section C Notes to the accounts (cont)

Note 14 Charity funds

14.1 Details of material funds held and movements during the CURRENT reporting period

Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and UR - unrestricted funds

----- Start of picture text -----
Fund Fund
Type PE,
balances at balances at
Fund names EE, R or Purpose and Restrictions
1 June 2023 Income Expenditure Transfers 31 May 2024
UR
£ £ £ £ £
Animal friends R Costs of care for animal rescues. 5,000 - 5,000 - -
Animal Rescue Foundation R Intake costs of rescuing equines. 4,000 - 4,000
CCF Carew Pole R Project costs of care home well-being outreach project. 1,000 - 1,000
CCF Brighter Future R Youth well-being project funding. 9,090 9,090
CCF Karenza Fund R Youth well-being project funding. 5,000 - 5,000
CCF VCSE Health Improvement R Project costs of supported volunteering project. 14,000 - 14,000
CCF Sedel Collings R Youth well-being project funding. 14,588 - 10,941 3,647
Clare Milne R Youth well-being project funding. 14,464 14,464
Cornwall VSF R Staff training (x3) - Equine Assisted Services Level 3 Diploma. 1,950 - 1,950 -
Garfield Weston Foundation R Youth well-being project funding. 15,000 - 5,532 9,468
Jean Sainsbury Animal Welfare Trust R Vets bills and feed. 6,500 6,500
Headley Foundation R Project costs of care home well-being outreach project. 3,000 - 2,667 333
National Lottery R Youth well-being project costs. 59,844 - 55,118 4,726
Network for Animals R Rescue pony Barney's rehabilitation. 2,000 - 1,948 52
Network for Animals - 2 R Intake costs of rescuing 3 x donkeys. 1,500 - 1,147 353
Petplan R Animal welfare/intake costs. 7,000 7,000
Pets Foundation R Mudcontrol Slabs for all-weather turnout area. 18,895 - 18,895 -
Ruth Smart Foundation R Animal welfare/intake costs. 2,000 - 2,000 -
St James Place Charitable R Sensory garden equipment. 4,233 - 4,233 -
Woodroffe Benton Foundation R Project costs of care home well-being outreach project. 1,750 1,750
Crowdfunder R October foal herd rescue and care costs. 16,645 - 12,629 4,016
To fund 10 children/young people to access free well-being
Duchy Health Charity R interventions 5,000 - 5,000 -
Garfield Weston Foundation R Youth project funding 6,250 - 6,250 -
Jean Sainsbury Animal Welfare Trust R Towards animal care costs including salaries 3,558 - 3,558 -
Coral Samuel Charitable Trust R Arena refurbishment. - - -
Postcode Local Trust R Youth project funding 8,750 - 8,750 -
Animal Friends / Jean Sainsbury Animal Welfare Trust /
Sylvia Waddilove Emergency Funding R Towards animal care costs including salaries - - -
Animal Rescue Foundation R Intake of 4 - 7 rescues 1,996 - 1,996 -
CCF - The Integrated Care Board Mental Health &
Wellbeing Programme R Youth well-being project funding – starting charity year June 2023 9,809 - 9,809 -
CCF #iWill R To employ a new Volunteer Coordinator part time 9,124 - 9,124 -
National Lottery Awards for all R Youth well-being project funding 1,222 - 1,222 -
Sensory Garden R Sensory garden refurbishment 2,400 - 2,400 -
The Anton Jurgens Charitable Trust R Care home well-being project funding 3,662 - 3,662 -
Unrestricted Funds UR N/A 33,288 305,495 - 185,100 - 153,684
Total Funds 85,059 512,954 - 358,931 - 239,083
----- End of picture text -----*

CC17a (Excel)

09/12/2024

Section C Notes to the accounts (cont)

Note 14 Charity funds

14.2 Details of material funds held and movements during the PREVIOUS reporting period

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and UR - unrestricted funds

----- Start of picture text -----
Fund Fund
Type PE,
balances at 1 balances at 31
Fund names EE R or Purpose and Restrictions
June 2022 Income Expenditure Transfers May 2023
UR
£ £ £ £ £
To fund 10 children/young people to access free well-
Duchy Health Charity R being interventions - 5,000 - 5,000
Garfield Weston Foundation R Youth project funding - 15,000 - 8,750 - 6,250
Jean Sainsbury Animal Welfare Trust R Towards animal care costs including salaries - 8,000 - 4,442 - 3,558
Coral Samuel Charitable Trust R 2,500 - 2,500 -
Postcode Local Trust R Youth project funding - 15,000 - 6,250 - 8,750
Animal Friends / Jean Sainsbury Animal Welfare Trust /
Sylvia Waddilove Emergency Funding R Towards animal care costs including salaries - 2,500 - 2,500 - -
Animal Rescue Foundation R Intake of 4 - 7 rescues - 4,000 - 2,004 1,996
CCF - The Integrated Care Board Mental Health &
Wellbeing Programme R Youth well-being project funding – starting charity year Jun - 9,809 9,809
CCF #iWill R To employ a new Volunteer Coordinator part time - 9,927 - 803 9,124
National Lottery Awards for all R Youth well-being project funding - 6,718 - 5,496 1,222
Sensory Garden R Sensory garden refurbishment - 2,400 2,400
The Anton Jurgens Charitable Trust R Care home well-being project funding - 5,000 - 1,338 3,662
ActionFunder SWW R Youth well-being project funding - 1,000 - 1,000 -
Beryl Evetts & Robert Luff R Towards costs of equine rescues - 5,000 - 5,000 -
CCF Sedel Collings R Youth well-being project funding - 5,000 - 5,000 -
Co-op Nov R Youth well-being project funding - 2,362 - 2,362 -
Edward Gosling R Youth well-being project funding - 5,000 - 5,000 -
H4H R Towards vets bills - 1,000 - 1,000 -
N4A R Towards costs of equine rescues - 6,000 - 6,000 -
Lord Barnaby R Youth well-being project costs 3,000 - 3,000 -
N4A March R Towards costs of equine rescues - 2,500 - 2,500 -
Persimmon R 8 x care home well-being visits - 1,000 - 1,000 -
Pixel R Youth well-being project funding - 5,000 - 5,000 -
Sandra C Trust R Youth well-being project funding - 5,000 - 5,000 -
SCG R 80% of costs of marketing project and website upgrades - 2,673 - 2,673 -
Arnold Clark Foundation R Towards costs incurred running youth projects 1,000 - 1,000 -
Cornwall Community Foundation Social Enterprise
Grant R To fund Animal Welfare Assistant staff costs 5,652 - 5,652 -
Petplan R To fund Hugs Helping Hands Rescue Pony Team Project 7,000 - 7,000 -
V Delaney Charitable Trust R Towards cost of horse welfare 2,166 - 2,166 -
Claire Milne Trust R Towards bursaries for well-being sessions 4,220 - 4,220 -
Co-Op R Towards costs incurred running youth projects 445 - 445 -
Tesco Community Grant R Youth project funding 1,000 - 1,000 -
To fund urgent well-being support and reduce self-harm
The Norman Family Charitable Trust R and suicide in children and young people in Cornwall 1,500 - 1,500 -
Unrestricted Funds UR N/A 67,529 198,863 - 233,104 - 33,288
Total Funds 90,512 329,252 - 334,705 - 85,059
----- End of picture text -----*

Section C Notes to the accounts

Note 15 Charity funds (cont)

15.1 Transfers between funds

This year

This year 15.1 Transfers	between funds
	Reason for transfer and where endowment is converted to	Amount
	income, legal power for its conversion
Between
unrestricted and
restricted funds

Note 16 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

16.1 Trustee remuneration and benefits

This year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity

TRUE

Last year

None of the trustees have been paid any remuneration or received any other TRUE benefits from an employment with their charity or a related entity

16.2 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

This year

Name of the
trustee or
related party
Relationship
to charity
This Year
Andrew Bowden
Chairman
£ 121,268
Description of the transaction(s)
Director of Carbonxgen Ltd which made
donations to the charity during the year.
Carbonxgen Ltd also own the land that
the charity operates from. The charity
pays a nominal rent back to Carbonxgen
Ltd for using the land. Carbon also kindly
donated fund towards the staff
Christmas party and staff training during
the year
There have been no related party transactions in the reporting period

FALSE
Last Year
£ 120,000

CC17a (Excel)

09/12/2024

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trustees The Hugs Foundation On accounts for the year ended 31 May 2024 Charlty no {rf any) 1175633 Set out on pages 1&2 I report to the trustees on my examination of Ihe accounts of the at)ove charity ('Ihe Trust.) for the year ended 3110812022. Responsibilities and basls of report As the charrty's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of Ihe Charities Act 2011 {'th8 Acl"). I report in respect of my examination of the Trusl's aco)unts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the apFlicable Directions given by the Chartty Commission under section 145(5)Ib) of the Act. Independent I have completed my examination. I confirn that no material matters have •xaminerfs statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect." the accounting records Ere not kept in a¢cordancE with section 130 of the Charities Act. or the accounts did not accord with the accounting e0rdS,. or the accounts did not comply wrth the applicable quirementS conceming the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair, view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection wrth the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. . Pleas8 delet8 the in the brackets rf they do not 8ppIy. Signed: Data: 3011112024 Namo: Mark Pri Bsc, FCA Relevant professlonal qualifi¢ation(sl or body (rfanyl: The Institute of Chartered Accountants in England and Wales IICAEW) Address: Ckne, St Peters Road. Maidenhead. Berkshire, SL6 7QU IER Oct 2018

Section B Disclosure Only complete if the examiner needs to highlighl material matters of concem (see CC32. Independent examin*ion of charÉty accounts.. directions and guidance for examiners)- Glve here brief delails of any items that the examlnor wishes to dlsclose. NIA IER Oct 2018