Trustees’ annual report (including Directors’ report) for the period
From: 1[st] June 2024 Period start date Charity name: The Hugs Foundation Charity registration number: 1175633
To: 31[st] May 2025 Period end date
Company number: n/a CIO
Objectives and activities
SORP reference Summary of the purposes of Para 1.17 The Hugs Foundation was founded in 2017 as an the charity as set out in its equine rescue centre; however, it soon became governing document apparent that our calm, nurturing environment Summary of the main Para 1.17 and would benefit humans as well. As the charity has activities in relation to those 1.19 evolved, we now also provide well-being support purposes for the public to children, young people and the elderly. benefit, in particular, the activities, projects or services We provide a safe space for respite and healing identified in the accounts. to help service users to lead positive, fulfilling lives through a range of holistic nature-based interventions at our equine rescue centre. Our unique mix of support includes animal assisted services, nature activities, outdoor learning, teambuilding, arts, crafts, forest-based activities and practical skills, such as growing vegetables, learning about coping strategies, the environment and sustainability. Our animal rescues each have a unique rehabilitation plan. Many of these plans are integrated with the wellbeing support we provide, creating a circular relationship where both animals and humans benefit from spending time together and caring for each other. This relationship building allows the opportunity for growth and healing, making a positive difference to both lives by supporting them to learn to cope with and move on from the trauma or challenges they are experiencing. This then further supports our animals to progress through their rehabilitation to find their forever homes. Statement confirming Para 1.18 The trustees are aware of the guidance whether the trustees have issued by the Charities Commission on had regard to the guidance public benefit with regard to the need for issued by the Charity them to exercise their powers and duties for the Commission on public benefit of the public. Every trustee has complied benefit 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 | Volunteers remain a vital resource for our charity, supporting us across a wide range of activities including animal care, essential yard tasks, home checks, gardening, maintenance, events, raising awareness and fundraising. Their contribution benefits both the charity, it's future growth and the volunteers themselves. Through these diverse activities, our volunteers not only make a tangible difference in the lives of both animals and people but also help strengthen our connection with the wider community. In this charity year alone, volunteers have generously given 2,712 hours of their time to The Hugs Foundation, an extraordinary contribution that underpins everything we do. This is an increase of 953 hours compared to last year and a 53% increase in volunteering hours overall, which is incredible. This year, our Operations and Volunteer Manager has continued to develop our volunteer recruitment, to further embed volunteers into our organisation and has begun exploring new opportunities for volunteering programmes, enabling anyone and everyone to get involved. Thanks to this, volunteer numbers are steadily rising and are lined up to be full of interviews with new potential volunteers, hopefully joining our team in 2026. With more volunteers on board, we are able to rescue and rehabilitate more horses, support more vulnerable people through our well-being services, and extend our community outreach programmes. |
| Other | N/A |
Achievements and performance
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | Animal Welfare: In this charity year we have rescued 24 equines. 33% of our intakes were surrender cases. Due to owner illness, financial difficulties, loss of grazing/livery, or unmet welfare needs. 42% were unclaimed equines, including equines from Bodmin and Dartmoor, plus joint welfare intakes with partner organisations. 25% of our intakes were welfare based including collaborative rescues and direct or reported welfare concerns. Over 67% of the equines who came into our care were suffering from neglect, poor welfare or were completely unhandled. A staggering percentage of the animals in our care either didn’t know any human kindness or had suffered at the hand of humans. Within this period we were also able to find homes for 28 of our rescued equines; some came to us as their last option where our rehabilitation programme and professional support was their only chance, some were long term rehabilitations who had come into our care in 2019 and finally finished their journey to recovery and also some complicated medical cases who had finally healed and were given the all clear to find their home including two equines who had undergone nasal operations. Rescue is only the beginning, true recovery happens through consistent care, trust-building, and expert rehabilitation. Every animal receives an individual plan tailored to their physical, emotional, and behavioural needs. Our process includes: • Emergency and ongoing veterinary care • Professional farriery and physiotherapy support • Specialised nutrition and grazing management • Behavioural training and socialisation • Physical exercise and groundwork programmes Our multi-disciplinary team; vets, farriers, physiotherapists, experienced staff, and dedicated volunteers, work together to deliver every stage of this recovery, from treatment to rehoming. Freedom, Forage, and Friends guide our grazing and herd managementphilosophy. Carefully |
|
|---|---|---|---|
planned turnout and social interaction promote movement, strengthen muscles, and support emotional well-being. Daily land and biosecurity management—fencing, field rotation, parasite control, and shelter care maintain a safe, healthy environment for all animals and for our wellbeing programmes.
Rehoming is a partnership, supported through home checks, advice, and post-adoption visits to ensure long-term success and welfare.
Veterinary impact
• This year, our team has carried out over 120 vital veterinary treatments, each one giving equines the chance to live free from pain and suffering.
• 10 colts were gelded, helping to prevent future overbreeding and allowing them to live calmer, happier lives.
• 3 equines received life-changing treatment for gastric ulcers, easing their pain, giving them a future and the comfort they deserve. One of these equines was passed through multiple homes due to his behaviours, all of which stemmed from being uncomfortable and in pain which led to physical behaviours to demonstrate his pain. Luckily with some training, understanding of his needs and being pain free, his behavioural rehabilitation meant that he was able to be rehomed. • 2 equines with severe asthma were successfully treated, no longer struggling to breathe.
• 4 equines battling laminitis and Equine Metabolic Syndrome (EMS) were carefully rehabilitated, moving from chronic pain to confident steps once again.
The Hugs Foundation offers a 24/7 emergency line. This is used for emergency welfare support to other inspectors, members of the public, and owners in crisis. Community engagement and education plays a vital role in our charity operations. We have explored new collaborations and built on existing collaboration with schools, cub scouts and community groups to promote animal welfare education through on these site tours and activities or off-site talks. We have attended emergency school visits with two of our equines; to give wellness talks, lift spirits and give hope in time of difficulties.
We actively involve ourselves in the community by supporting our fellow local charities, community groups, events and organisations; playing a crucial role in events, shows, rallies and talks. We have showcased our rescue and well-
being equines at some of these shows and events and valued our volunteers with their help in coordinating and fundraising during them.
We have conducted corporate volunteering days that have helped improve biodiversity across our site, aid maintenance and given us a chance to show the work and challenges we have here.
Well-Being:
In this charity year, we have reached 138 children and young people, 90 of which were new to Hugs and 48 attended an additional course of sessions. Hugs delivered 792 hours of well-being interventions this year. This brings our total number of individual children and young people supported to 903 and over 7,954 hours of wellbeing sessions conducted. This doesn’t include the educational animal care and human wellbeing visits undertaken in schools. Our project is continuing to evidence a positive increase in health and well-being, social inclusion, life skills and optimism for our young people. The longterm impact of this project is contributing to more successful futures, including reintegration and accomplishment in education and more positive family relationships. The project is enabling service users to access help and support in a timely manner, instead of waiting months for help or treatment.
This year, we launched our Supported Volunteer Project. A new initiative designed to help children develop their communication skills and foster greater social inclusion. The program was created as a progression pathway for children and young people who have previously taken part in our well-being sessions. We carefully selected participants, pairing them with like-minded peers to set them up for success in a supportive and engaging environment. We’re proud to share that the first group showed incredibly positive results, even taking the initiative to organise their own outings outside of Hugs. A testament to their growing confidence and connection
We did then offer the opportunity out to a local secondary school where over the course of a year they brough 18 students to us with the maximum being 13 in one session. The team saw huge improvements with the individuals that attended this including some being able to integrate back into mainstream education and others being able to take on work experience independently
We also take our amazing rescue well-being pony, Dude, out to care homes, nursing homes and hospices. Many of the residents we visit are bed-bound or only able to participate in activities within the grounds of their home. By bringing Dude indoors, we’re able to bring the outside world to them. Along with the unique textures, comforting smells and gentle company that a visit from Dude brings, we have also found that Dude’s presence is able to unlock forgotten memories, whether that’s from a childhood pet or their own experiences with equines - this has at times left care givers speechless or emotional, showing just how big a difference these visits can make.
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 | We are very proud to have been 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 the service users that access organisations for support or the equines that work in therapeutic sessions. 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. Our staff are also the first in Cornwall to be qualified in the new OCNLR Level 3 Equine Assisted Diploma. The only qualification of its kind in the UK regulated by Ofqual with these standards. We have continued to work collaboratively with the National Equine Welfare Council (NEWC), the Federation of Horses in Education and TherapyInternational |
(HETI) UK, and attend the South West Equine Assisted Practitioners Regional Meetings to ensure we provide the best services possible to both humans and equines
Financial review
| Financial review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | At the end of the financial period, the charity’s overall financial position remains stable, with a strong balance sheet reflecting our commitment to fulfilling our charitable objectives. The charity's total income for the period amounted to £422,611, primarily generated from donations, grants and fundraising events. Our total expenditure for the year was £418,407, which includes key areas of expenditure, such as programme costs, staff salaries and operational expenses. The charity has continued to allocate funds efficiently towards its core mission, with 91% of the total expenses directed towards direct charitable activities. The remaining funds were used for administrative and fundraising purposes. As a result of careful financial management, the charity has recorded a net surplus of £4,204 at the end of the period, increasing the charity's net assets to £243,287 compared to £239,083 in the previous year. This surplus is in line with our strategic objectives and provides a solid foundation for the charity's continued operations in the coming years. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The charity has a policy in place for holding reserves to ensure financial sustainability and to safeguard against unforeseen circumstances. The reserve policy aims to ensure that the charity can continue its operations in the event of unexpected changes in income, emergency situations, or periods of reduced funding. The reserves are held for the following purposes: To maintain liquidity: Ensuring the charity can meet its financial obligations without disruption, particularly during periods of uncertain income or unforeseen expenditure. To fund future initiatives: The charity plans to use reserves to fund future charitable projects, capital improvements, or expansion of services. To manage risks: Reserves act as a buffer to protect against financial risks,includingchanges |
| in government funding, unexpected operational costs, or market fluctuations that may impact income streams. The reserve policy is reviewed annually by the Board to ensure it aligns with the charity’s long- term objectives and financial circumstances. |
||
|---|---|---|
| Amount of reserves held | Para 1.22 | At the end of the financial period, the charity held total reserves of £243,287. The reserves are allocated as follows: Restricted reserves: £68, 538 earmarked for specific purposes as defined by donors or grant agreements. Unrestricted reserves: £174,749, which can be used to support the charity’s ongoing operations and future plans. The charity has carefully managed its reserves to ensure that it can continue to deliver its mission while maintaining financial flexibility and resilience. |
| 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 | N/A |
Additional information (optional) You may choose to include further statements where relevant about:
Para 1.47 The charity’s principal sources of funds (including any fundraising) Para 1.46 Investment policy and objectives including any social investment policy adopted Para 1.46 A description of the principal risks facing the charity Other
Structure, governance and management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document: for example,trust deed, memorandum and articles of association etc |
Para 1.25 | Constitution of a Charitable Incorporated Organisation |
| How is the charity constituted? for example limited company, unincorporated association, CIO |
Para 1.25 | 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 thegovernance and their responsibilities. |
Additional information (optional) You may choose to include further statements where relevant about:
Para 1.51 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 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 |
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 |
Chairman | |||
| TracyJayne Lewis | Trustee | |||
| Paul Jonathan Dransfield |
Trustee | |||
| Catherine Bowden | Trustee | Appointed 09/03/25 | ||
16 17 18 19 20
– 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 |
N/A |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
N/A |
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
N/A |
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 |
||
| Name of chief executive or names of senior staff members (optional information) | ||
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The company has taken advantage of the small companies’ exemption in preparing the report above.
The trustees declare that they have approved the trustees’ report (including directors’ report) above.
Signed on behalf of the charity’s trustees/directors
----- Start of picture text -----
Signature(s)
Full name(s) Andrew Frederick Bowden
Position (for example Chairperson
Secretary, Chair, etc)
Date 3rd November 2025
----- End of picture text -----
| Charity Name 1175633 Period start date 1 June 2024 To 31 May 2025 Annual accounts for the period The Hugs Foundation |
Charity Name 1175633 Period start date 1 June 2024 To 31 May 2025 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 £ £ £ £ 257,080 - 257,080 285,485 36,415 121,830 158,245 225,720 7,286 - 7,286 1,750 |
|
| 300,781 121,830 422,611 512,954 |
||
| 37,433 - 37,433 28,039 242,283 138,691 380,974 330,893 |
||
| 279,716 138,691 418,407 358,933 |
||
| 21,065 16,861 - 4,204 154,023 |
||
| - - - |
||
| 21,065 16,861 - 4,204 154,023 |
||
| 153,684 85,399 239,083 85,059 |
||
| 174,749 68,538 243,287 239,083 |
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 £ 67,582 |
Restricted income funds Total this year Total last year £ £ £ 11,315 78,897 41,066 |
|---|---|---|
| 67,582 | 11,315 78,897 41,066 |
|
| 19,166 111,254 |
- 19,166 8,800 57,223 168,477 201,121 |
|
| 130,420 | 57,223 187,643 209,921 |
|
| - 23,254 11,904 |
||
| 23,254 | ||
| 107,166 | 57,223 164,389 198,017 |
|
| 174,749 | 68,538 243,287 239,083 | |
| 174,749 | 68,538 68,538 85,399 174,749 153,684 |
|
| 174,749 | 68,538 243,287 239,083 |
CC17a (Excel)
28/10/2025
2
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 Reporting
-
• and with* 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.*
- -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 that support the conclusion that the charity is a going concern;
The ongoing cost of living crisis continues to negatively affect the availability of funding for charities, as demand for support services increases. Despite this, The Hugs Foundation has remained resilient through a flexible and diverse fundraising strategy. Over recent years, we have expanded our income streams—such as regular monthly donations, which have grown again this year—and we gratefully received our second legacy gift during this financial year, following the first in the previous year.
Demand for equine rescue and rehoming services remains high, with more owners unable to care for their horses, ponies, and donkeys due to financial pressures. Similarly, our well-being services continue to be fully booked, despite no marketing efforts, highlighting the vital need for the support we provide.
This sustained demand for our services, combined with the success of our diversified income approach, allows us to remain optimistic about the future. We are confident in our ongoing mission to support the community and work toward long-term financial sustainability.
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)
28/10/2025
3
Section C Notes to the accounts (cont)
Note 2 Accounting policies 2.1 INCOME
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.
There has been no offsetting of assets and liabilities, or income and expenses, unless required or Offsetting 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 grant of probate, the executors have established that there are sufficient assets in the Legacies estate and any conditions attached to the legacy are either within the control of the charity or have been met.
The charity has received government grants in the reporting period
Government grants
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 This is only included in the SoFA once the charity has provided the related goods or performance related services or met the performance related conditions. grants Donated goods are measured at fair value (the amount for which the asset could be Donated goods 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. The value of any voluntary help received is not included in the accounts but is described Volunteer help 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 Insurance claims are only included in the SoFA when the general income recognition claims criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. This includes any realised or unrealised gains or losses on the sale of investments and Investment gains and losses any gain or loss resulting from revaluing investments to market value at the end of the year.
----- Start of picture text -----
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
----- End of picture text -----
Section C Notes to the accounts (cont)
Note 2 Accounting policies 2.2 EXPENDITURE AND LIABILITIES
Liabilities are recognised where it is more likely than not that there is a legal or Liability recognition constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Support costs have been allocated between governance costs and other support. Governance and support costs Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. 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. Where the charity gives a grant with conditions for its payment being a specific level of Grants with performance conditions 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. Where there are no conditions attaching to the grant that enables the donor charity to Grants payable without realistically avoid the commitment, a liability for the full funding obligation must be performance conditions recognised.
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. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts A liability is measured on recognition at its historical cost and then subsequently Provisions for liabilities measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial The charity accounts for basic financial instruments on initial recognition as per paragraph instruments 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. 2.3 ASSETS Tangible fixed assets for These are capitalised if they can be used for more than one year, and cost at least £500 use by charity for IT equipment and £2,000 for other equipment. They are valued at cost. The depreciation rates and methods used are disclosed in note 9.2. Intangible fixed assets 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. Heritage assets 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. 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 Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net progress realisable value. 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 (including trade debtors and loans receivable) are measured on initial recognition at Debtors 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. The charity has has investments which it holds for resale or pending their sale and cash and cash Current asset investments 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.
----- Start of picture text -----
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
----- End of picture text -----
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 | 235,714 | - | 235,714 | 182,038 | |||
| legacies: | Legacies General grants provided by government/other charities Membership subscriptions and sponsorships **Total ** |
20,238 - 1,128 257,080 |
- - - - |
20,238 - 1,128 257,080 |
100,000 - 1,872 283,910 |
|||
| Charitable | Grants | 5,802 | 121,830 | 127,632 | 190,814 | |||
| activities: | Crowd Funding | 60 | - | 60 | 16,645 | |||
| Rehoming | 8,290 | - | 8,290 | 8,410 | ||||
| Mental Health | 15,097 | - | 15,097 | 8,926 | ||||
| Other | 7,166 | - | 7,166 | 925 | ||||
| **Total ** | 36,415 | 121,830 | 158,245 | 225,720 | ||||
| Other trading activities: |
Hire income | 337 | - | 337 | 590 | |||
| Merchandise sales | 1,342 | - | 1,342 | 1,574 | ||||
| Other income | 5,607 | - | 5,607 | 1,160 | ||||
| Total | 7,286 | - | 7,286 | 3,324 | ||||
| TOTAL INCOME | 300,781 | 121,830 | 422,611 | 512,954 | ||||
| Note 4 | Analysis of receipts of Description |
government | grants | This year £ |
Prior year £ |
|||
| Government grant | HMRC Job Retention Scheme | - | - | |||||
| Total | - | - |
CC17a (Excel)
28/10/2025
6
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 23,269 - 23,269 23,822 - 23,822
Incurred seeking donations - - - - - -
Operating membership
schemes and social lotteries 774 - 774 3,119 - 3,119
Advertising, marketing, direct
- -
mail and publicity 13,390 13,390 1,098 1,098
Total expenditure on raising
funds 37,433 - 37,433 28,039 - 28,039
Expenditure on charitable activities:
Staff Costs 157,517 68,587 226,104 101,188 79,432 180,620
Recruitment Costs 375 - 375 - - -
Veterinary and Medical Costs 46 22,455 22,501 14,559 18,446 33,005
Feed 4,291 5,784 10,075 3,683 2,532 6,215
Yard Expenditure 2,877 - 2,877 - 13,167 20,034 6,867
Equine Care 4,324 2,819 7,143 1,514 3,558 5,072
Training 1,335 1,191 2,526 2,561 5,403 7,964
Repairs and Renewals 16,196 764 16,960 - 8,005 10,329 2,324
Insurance 3,424 3,246 6,670 5,199 3,574 8,773
Professional Fees 9,804 5,569 15,373 6,477 2,560 9,038
Bank and Payment Charges 1,244 - 1,244 866 - 866
-
Computers and Internet 9,563 1,053 10,616 8,406 8,406
Utilities and Rates 18,403 18,430 36,833 18,261 13,277 31,538
Transport and Travel 3,833 240 4,073 9,792 998 10,790
Office Supplies - 2,620 2,620 - 3,673 6,444 2,771
Depreciation 9,024 434 9,458 8,855 - 8,855
Programme Costs - 4,055 4,055 - 861 6,846 5,985
Sundries 27 1,444 1,471 1,405 400 1,805
Total expenditure on
charitable activities 242,283 138,691 380,974 157,061 173,832 330,894
TOTAL EXPENDITURE 279,716 138,691 418,407 185,100 173,832 358,933
----- End of picture text -----
CC17a (Excel)
28/10/2025
7
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
Note 7 Paid employees
Please complete this note if the charity has any employees.
7.1 Staff Costs
This year Last year
£ £
Salaries and wages 232,983 190,927
Social security costs 11,910 9,037
Pension costs (defined contribution scheme) 4,480 4,478
Total staff costs 249,373 204,442
This year Last year
£ £
Please provide the total amount paid to key
management personnel (includes trustees and
45,870 98,362
senior management) for their services to the charity.
This year Last year
7.2 Average head count in the year
Number Number
The parts of the charity in which the Fundraising 2 2
employees work Charitable Activities 10 8
Total 12 10
----- 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.
----- Start of picture text -----
This year Last year
£ £
Amount of contributions recognised in the SOFA as an
4,480 4,478
expense
----- End of picture text -----
CC17a (Excel)
28/10/2025
8
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 |
Fixtures & Fittings Office Equipment Yard equipment Total £ £ £ £ 1,104 563 78,181 79,848 19,020 1,920 26,350 47,290 - - - |
|---|---|
| 20,124 2,483 104,531 127,138 | |
| RB RB SL 25%RB/15 years SL 3 years SL 4/7/10/20 years SL 956 462 37,363 38,781 - - - 566 101 8,791 9,458 |
|
| 1,522 563 46,154 48,239 | |
| 148 101 40,818 41,066 18,603 1,920 58,377 78,897 |
CC17a (Excel)
28/10/2025
9
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 3,372 1,129
Prepayments and accrued income 15,794 7,672
Taxation and social security - -
Total 19,166 8,800
----- 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
Trade creditors Accruals and deferred income Taxation and social security Other creditors Total |
This year Last year This year Last year £ £ £ £ 17,352_6,736_ - - 1,548_3,099_ - - 3,329_2,069_ - - 1,024 - - - Amounts falling due within one year Amounts falling due after more than one year |
|---|---|
| 23,25411,904 - - |
Note 12 Cash at bank and in hand
Cash at bank and on hand Total
| This year | Last year | |
|---|---|---|
| £ | £ | |
| 168,477 | 201,121 | |
| 168,477 | 201,121 |
CC17a (Excel)
28/10/2025
10
Section C Notes to the accounts (cont)
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.
----- Start of picture text -----
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)
28/10/2025
11
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 -----
Type PE, Fund Fund
Fund names EE, R or Purpose and Restrictions balances at balances at
UR * 1 June 2024 Income Expenditure Transfers 31 May 2025
£ £ £ £ £
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 10,796 - 3,204
CCF Sedel Collings R Youth well-being project funding. 3,647 3,647 -
Clare Milne R Youth well-being project funding. 14,464 14,464 -
Garfield Weston Foundation R Youth well-being project funding. 9,468 9,468 -
Jean Sainsbury Animal Welfare Trust R Vets bills and feed. 6,500 5,854 646
Headley Foundation R Project costs of care home well-being outreach project. 333 333 -
National Lottery R Youth well-being project costs. 4,726 4,726 -
Network for Animals R Rescue pony Barney's rehabilitation. 52 52 -
Network for Animals - 2 R Intake costs of rescuing 3 x donkeys. 353 353 -
Petplan R Animal welfare/intake costs. 7,000 7,000 -
23/24 Woodroffe Benton Foundation R Care home well-being visits. 1,750 1,750 -
23/24 Crowdfunder R Foal rehabilitation. 4,016 3,824 192
24/25 Animal Friends R Rescue and rehabilitation costs. 5,000 5,000 -
24/25 Harebell Centenary Fund R Care home well-being visits. 6,400 4,419 1,981
24/25 CCF Worval R Youth well-being project costs. 6,000 6,000 -
24/25 Morrisons 125 R Sensory trail for Youth Wellbeing (fixed assets) 8,000 311 7,689
24/25 Network for Animals R Rescue and rehabilitation costs. 1,000 1,000 -
24/25 Tesco R 50% of the cost of a Sensory Swing (Fixed Asset) on the Wellbeing Trail 1,125 87 1,038
24/25 Pets Foundation R Youth well-being project costs. 50,000 20,182 29,818
24/25 The Venton Charitable Trust R Care home well-being visits. 9,750 - 9,750
24/25 The Pixel Fund R Care home well-being visits. 5,000 - 5,000
24/25 CCF - Brighter Futures 2 R Youth well-being project costs. 4,545 4,545 -
24/25 WO Street Charitable Foundation R Youth well-being project costs. 3,000 3,000 -
24/25 Police Community Fund R Local community - children’s activity day. 500 500 -
24/25 Co-op Winners Share it All R Well-being barn. 5,000 - 5,000
24/25 CCF Cross Country R Youth well-being project costs. 5,700 4,831 869
24/25 Co-op Care Homes R Care home well-being project costs. 500 500 -
24/25 NFA 2 R Tipper trailer (fixed asset) 2,310 37 2,273
24/25 Jean Sainsbury Vet & Feed R Vet bills and feed. 8,000 6,922 1,078
Unrestricted Funds UR N/A 153,684 300,781 279,716 174,749
Total Funds 239,083 422,611 418,407 - 243,287
----- End of picture text -----
CC17a (Excel)
28/10/2025
12
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 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)
28/10/2025
13
Section C Notes to the accounts (cont)
Note 15 Charity funds (cont)
15.1 Transfers between funds
This year
----- Start of picture text -----
Reason for transfer and where endowment is converted to income, legal Amount
power for its conversion
Between None
unrestricted and
restricted funds
----- End of picture text -----
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 TRUE employment with their charity or a related entity Last year None of the trustees have been paid any remuneration or received any other benefits from an TRUE 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 28,800 162,279 23,700 Andrew Bowden Chairman None Tracy Lewis Trustee None There have been no related party transactions in the reporting period Description of the transaction(s) Director and majority shareholder of Carbonxgen Ltd Managing Director of Carbonxgen Ltd Carbonxgen Ltd is Hugs' Landlord, the Charity pay a nominal rent and Land Maintenance fee monthly Carboxgen donated the following assets to Hugs in September 2024: John Deere 3038R £15,000, Flemming Tractor Trailer T2 £1,700, Polaris Ranger 570RFI £7,000 Carbonxgen Ltd Company owned by Hugs' Chairman Carboxgen have made a number of donations to support the Charity's staffing costs and other running expenses during the year |
FALSE Last Year 28,800 120,840 - None None |
|---|---|
CC17a (Excel)
28/10/2025
14
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 2025 Charity no (if any) 1175633 Set out on pages 1&2 I report to the trustees on my examination of the accounts of the above chanty {Ihe Trust.) for the year ended 3110812022. Responsibtlities and basis of report As the chartty's trustees, you are responsible for the preparation of the accounts in acrnrdance wrth the requirements of the Charities Act 2011 ('the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have foll0vd all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. Independent I have completed my examination. I confinn that no material matters have examiner's ststement come to my attention in connection with the examination which gives me cause to believe that in, any malerial resFeCt.' the accounting records were not kept in accordance with section 130 of the Charities Act, or the accounts did not accord with the accounting records; or the accounts did not comply wilh the applicable requirements concerning the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other Ihan any requirement that the accounts give a 'true and fair. view which is not a matter considered as part of an independent examination. I have no wncems and have come across no other matters in conrbection with the examination to which attention should be drawn in Ihis report in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets rf they do not apply. Signed: Date: 2611012025 Name: Mark Price BSC, FCA Relevant professional qualifi¢ation(sl or body (if any): The Institute of Chartered Accountants in England and Wales {ICAEW) Addross: One. St Peters Road, Maidenhead, Berkshire, SL6 7QU IER Oct 2018
Section 8 Disclosure Only complete if the examiner needs lo highlight material matters of concem (see CC32, Independent examination of charity accounts: directions and guidance lor examiners). Give here brief details of any items that the examiner wishes to discloso. NIA IER Oct 2018