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