2024-01-08-accounts

Registered Charity Number 1177373

THE HOINES CHARITABLE TRUST

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

5 APRIL 2024

Xeinadin

9 Dalton Square LANCASTER LA1 1WD

Dalton House

THE HOINES CHARITABLE TRUST

INDEX

FOR THE YEAR ENDED 5 APRIL 2024

1 Index 2-3 Annual Report of the Trustees 4 Independent Examiners Report 5 Receipts and Payments Account 6 Statement of Assets and Liabilities

[1]

THE HOINES CHARITABLE TRUST

ANNUAL REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 5 APRIL 2024

Reference and Administrative Details

Registered Charity Number	1177373
Principal Address and Solicitors	Oglethorpe, Sturton and Gillibrand
	16 Castle Park
	Lancaster
	LA1 1YG
Independent Examiner	Mr T Preece FCCA
	Xeinadin
	Dalton House
	9 Dalton Square
	Lancaster
	LA1 1WD
Trustees	Miss A Hoines
	Mrs K Hoines
Investment Managers	Canaccord Genuity Wealth Managemant
	2 Waterview
	White Cross Industrial Estate
	South Road
	Lancaster
	LA1 4XS

[2]

THE HOINES CHARITABLE TRUST

ANNUAL REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 5 APRIL 2024

Objectives and Activities

The Trust was set up following the death of Mr G A Hoines. The object of the trust is to apply the income to such charities, or for such charitable purposes, as the trustees think fit.

Achievements, Performance and Public Benefit

The trust makes grants to individuals and organisations. Grants have been paid out in the year amounting to £18,000 (2023 - £24,000).

The trustees consider that they have complied with the duty in section 4 of the Charities Act 2012 to have due regard to the public benefit guidance published by the Charity Commission.

Financial Review

The charity maintains sufficient free reserves to cover one year’s management costs. Any surplus funds will be paid out by way of grants. Reserves as at the year end are £13,364 (2023 - £87,638).

The charity has sufficient funds to meet its liabilities.

None of the trustees received any remuneration or were reimbursed expenses.

Structure, Governance and Management

The charity is governed by a Declaration of Trust dated 8 January 2018. New trustees are appointed by the continuing and retiring trustees.

The trust was registered as a charity on 28 February 2018.

Approved by the trustees on …………………………………. and signed on their behalf by:

……………………………………

Mrs K Hoines

[3]

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE HOINES CHARITABLE TRUST

FOR THE YEAR ENDED 5 APRIL 2024

I report to the charity trustees on my examination of the accounts of the charity for the year ended 5 April 2024 set out on pages 5 to 6.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

2. the accounts do not accord with those records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr T M Preece FCCA Xeinadin Dalton House 9 Dalton Square LANCASTER LA1 1WD

Date …………………………….

[4]

THE HOINES CHARITABLE TRUST

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 5 APRIL 2024

Income Receipts Investment income Asset and Investment Sales Proceeds from sale of investments Exchange Differences Total Receipts Expenditure Direct Charitable Expenditure Distributions Management and Administration Financial adviser costs Solicitors fees Independent examiner fees Asset and Investment Purchases Purchase of investments Exchange differences Total Payments Net Income/ (Deficit) for the year Cash and Bank Balances as at 5 April 2023 Cash and Bank Balances as at 5 April 2024	£ £ 35,944 35,944 111,467 - 147,411 18,000 19,896 1,210 1,650 22,756 180,597 241 221,594 (74,183) 90,563 16,380 2024	£ £ 29,405 29,405 296,806 717 326,928 24,000 19,414 1,190 1,566 22,170 200,830 - 247,000 79,928 10,636 90,563 2023

5

THE HOINES CHARITABLE TRUST

STATEMENT OF ASSETS AND LIABILITIES

FOR THE YEAR ENDED 5 APRIL 2024

Monetary Assets Investment cash account Non-Monetary Assets Investments Portfolio at cost Portfolio at market value Current Liabilities Accountancy Solicitor fees	2024 £ 16,379 16,379 1,407,240 1,796,897 1,815 1,200	2023 £ 90,563 90,563 1,350,873 1,547,609 1,725 1,200

Approved by the Trustees on ………………………………… and signed on their behalf by:

……………………………….. ……………………………….. Mrs K Hoines Miss A Hoines

6