Docusign Envelope ID." E7C6ACFA-14D&496E4DDD-76D2179F383C Charlty reglstralk*n nUMr 11B3218 Company regIstratk nufflb•r 11292233 (England and Wales) THE HOSKING CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Docusign Envelope ID." E7C6ACFA-14D&496E4DDD-76D2179F383C THE HOSKING CHARITABLE TRUST LEGALAND ADMINISTRATIVE INFORMATION Trust$ Mr J HOsrj Mrs EA Hosking MrTFKHothro Charlty ntsMr 1183218 Company numb 11292233 Reglstèred offlce gxlh Floor 91 Vknr100 Road LdOn SE1 8RT Audltor Amold Hill & Co LLP Sixth Fh)or Captsl To 91 Waterloo Rtjad LorKlon SE1 8RT
Docusign Envelope ID." E7C6ACFA-14D&496E4DDD-76D2179F383C THE HOSKING CHARITABLE TRUST CONTENTS Trustoes, report Slalemenl of Trustees, resp[51b11Itles IrKiep¥Klent aLKlIWs repwt Statement of finarKial "vitses Balan sheet Noles to the finrA41 st•ments 10- 15
Docusign Envelope ID." E7C6ACFA-14D&496E4DDD-76D2179F383C THE HOSKING CHARITABLE TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present thar annual repcrt finaryial slatements foT Ihe year ended 31 MaT¢h 2024. The financial sLements have been prepared m accordance the accountsng p)Iicies sel out m note I 10 the aecounls and eLJmply the Trusfs MemorandLm aT¥J Artths ofAssociation, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Reccvnmended Practice apphcatle to charrties piepamg their accounts in accordCe wrth the Fan¢i1 ReporrfJ Standard aprAicable in the UK and Republic of Ireland {FRS 1021 leff8Ctiv& 1 January 20191". Objectlves and actlvltles The charitys objects are for the public benefft to futher exdusNdy chitable purposes a¢Ing to the law of England and Wales as the Trustees in ther absoKrte th"scretw from b'me to te determine. The Polie$ adopted in furtherarté of these are detsAad beb)w and there no change in these during the year. The truslees have paid ¢Je regard to 9dance isyjed ty the Commission in decidry %thal tiviti•S th8 charity should dertaKe. Aehlèvem•nts and p•rformanc• The Charrtable Trust's investments a manaw1 by a yofessKmal investment LVKler the SUF¢rvision of the Board. The investrrtenls are made for the PU1F•)se of 9enerating income on a yearfy basis for donation. The portfolio has performed satiSfactlY in the year. hawng retM)unded In value since the beginning of the Covid 19 pandemK.. Flnanclal r•vluw The Charitable Trust athieved a Surplus dLxin9 thè year of £398.344 induthng foieign exchange gains and losses 12023: defiat of £3.356.6601. The reser held at year end amounted to £13,601,456 (2023.. £13.203,1121. 11 is the intention of the Iruslees lo uNise Ihe retwn capital of Ihe Trust's invèstments to maintain a regular di5tributs.on offunds. Thislgvel of reserves has increased dwing the year. The Trusvs invesknent polcy is lo make long lerm vwestrnents li a limited Nmbw of securits from around the world that are considwed lo pft)vide Teaswable loThJ lemi prospects 0)mpd to their market prlce. The Trustees have assessed the major risk$ to Thtiich the F¢)undaiion 1$ exFosed. and ¥e saty'sfied that systems and processes are in place to miligaie exposure to skn risks. Structurn. gov•rnance and manag0ment The charity is a company h'mited by guarantee. The trustees, who ar8 also Ihe (lireclors for the purFose ¢f wnpany law. and who seNed during the year and LV to the date of siwature of the financial statemerrts were". Mr J Hosknng Mrs EA Hosking MrT F K Hosking Trustees ¥e recwited as and when rt is deemed rcessary. Trainng is prowded to individual Twstee$ and Trustees as a whole as and en needs arise. None of the trustees has any bereficial interest in the compary. AJI of trustees are members of the company ?d gu¥anteè to contribute £1 in the event of a wndin9 UP. The Directors have assessed Ihe major risks to the Crynpary 1$ exposed. and ar8 satisfied that processes are in place to mitigate expowJre to the major risks.
Docusign Envelope ID." E7C6ACFA-14D&496E4DDD-76D2179F383C THE HOSKING CHARITABLE TRUST TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORn ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Board ofTrustees meet regularly to review aTrJ update the Tnf$ strategy and areas of xtivity. The Directors do not remmd pasrynent of a fnal ividw#l. Audltor In accordance vthh Ihe CoMw$ ¥licles, a resoluiKffi proposry iIMI Hill & Co LLP bè re¥1ThtÉd as au¢lor of the )rnPany wll be PLrt at a General Meeling. Dlsclosure of Infomiatk*n lo audltor Each of the trustees has confimed thal there is infcm)ation of which they are aware whith 15 relevanl to the audit. bul of which the audilor unaware. have futhw confwmèd that they have taken apFfopriat8 slaps lo itify such relevant infomiation and to establish that the a1110[ is aware of such infomiation. The Trustees, report was approved by the Boa of TNstees. Mr J Ho$klng Trustee Datod.. Zo14
Docusign Envelope ID." E7C6ACFA-14D&496E4DDD-76D2179F383C THE HOSKING CHARITABLE TRUST STATEMENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED 31 AIARCH 2024 Tha Iruslegs, vtho are also directors of The Hoskin9 Charitable Trust for the purpose of company law, are responsible for Pfeparing the Tntstees. Report aThJ Ihe finaal sLements in acc(Kdance lh applicable law and United King¢•m Aecounting SLindards IUThted IQNJdcKn GenerA¢certed AccoUng Practice). Company Law requrts thè trustees to prep¥e financia slatements for each finarKHI ygar wthich gve a true and fair view of the stale of affaws of the charity and of the Iorning reSreaS and applicalion of resources. incluth'ng the incomo expeNJilure. of the charilable company fof that ye¥. In prepariThJ ttlese ffinarKial ststements. Ihe tree5 are raquirad to.. - select $uitsblg accounlir4J pCClaS and then aptty them co51en'. - observe the methods and princie$ m the Charils SORP. - make judgements and estimates that are reasonable and prwjent - state whether apF4K8ble UK Accounting SlarKlards have t1 ftAkywed. suty'ect to any mal8rial departures disdosed and ewained in Ihe fila1 statewenls.. - prepare the financial statéments on the grAng COncn basis unles5 il 15 Inapprcyllate lo presLme tl)al the charity will continue in operation. The trustees are responsible for keeping adequate acccAitsng record$ that disclos8 Wfth reasonabl8 occuracy al y tsme the ffinancial position of the charity arKI enable them to ensure that the finla1 statemenis comply tswth the Companies Act 2006. They are also responsible for safeguarding the 85sets of the charity hen¢e for taking r8asonabl6 staps for th• pra¥tIOn and del8cbon of fraud and other irregularitb&s.
Docusign Envelope ID." E7C6ACFA-14D&496E4DDD-76D2179F383C THE HOSKING CHARITABLE TRUST INDEPENDENT AUDrroR'S REPORT TO THE TRUSTEES OF THE HOSKING CHARITABLE TRUST Oplnlon We have audited the nanUal ststements of The Flosking Charit)le Trust lthe 'canty'} for the year ended 31 March 2024 wthi¢h comprise Ihe statement of finawal activilies, the balance sheet and notes to the ffinawal stalemenls. induding signifjcanl accoling wliues. The fwHrKial reporti)g fraMeWk that has been applied in their praparation is applicable law and Unitad lQnglom knounbng StaThJards. induding Financial Reportsng Standard 102 The Finanal RepOrtg Slandard apa in Ihe UK and RepublK of Ireland (United Kingdom Generally AccepledAccounMg Praclice). In our opinlon. the finanaal statements.. gNe a true arKI fair view ol the state of Ihe tharitable compwWs aff"rs as at 31 March 2024 and ol its coming resources and application of res. irKlucln9 its wicome and eypendibjre. for the year then ended., have been woperfy prepared in accordance with Uniled Kirdn Generay Accepted Accounting Praclice", and have been prepared in aC0)rd ith Ihe reqwements of the cnIesAr1 2(M)6. Ba$ls for oplnkln We conducted our audit in accord th Intemational Skndards Auditing {UK) IISAS IUKII and applble law. Our responsI.11tieS under those sLwKlards are fLxther dewbed in Ihe Auth'lorfs reSponsibrtieS for lh& audit of ihe finanual statements section of our report. are independent of the charity in a¢cordanc8 with the ethical requirements that are relevant to our audrt of the financial statements in the UK including the FRC'S E.¢al Standard. and we have flled other ettr11 Sponsibl111&S in aordanCe th Ihese requiiements. believe that the audit evidence we have obtained is sufficiert KI apPrOw to WOVkJ• a basis for ow opinw. Concluslons relatlng to golng Mncern In auditing thg financial slalem8nls, w have conduded that thg Truste•s' tsse of the going concwn basis of acCoting in the preparation of the financi statemenls is 4)propriate. 8as8d on tho we have performed, we have fiot Klentified any material uncertanties relating to events or conditions that. iTrJividuty or colleclively. may cast signfficanl dLNbt on the charity's ability to conb.nue as a going concem for a p9nod ol ot least I¥¢ m(rths Athen the fror1 stslements are authonsed for issue. Our responsibilities and Ihe respmsibjr ities of the trustees ith rgspKt to Wng cor are debed in the relevant sections of this reF4Xt. Other Informatlon The Iruslees are responsible for the other infoxmatN)n. The other 7nfomiation Comrse5 the information induded in the annual report. other than the financial statements and cmjr auditor's rep)rt Ihereon. Our opinion on the finarrial ststeMts does not cover ihe rAher Infom we (h) not exwess ary fomi of assurnncè eontlu$ion there. In connection with ow audit of the ffinanrjal statements. OUT resplmsiblty is to read the other informalion and. in doing so, consider whether the other inf¢Jmiabon is maienaly inconsistent Vith the finanual slalements or ¢)uT knowledge obtained #i the Slit or othemse appears to be malerialfy misstated. If we hjenlify such matarial inconsistencies or appwent material mis5tstements. we are re¢wired to deterMe whether there is a material misstslement in the financi statements or a maleiial mts$tateftt of the ¢Jther infonnat*)n. If. based on the work we have perlomied, ¥ conthde that thtse is a material misstatement of this other informatKJn, w8 are required to report that fact. Vk have rthing to reF(Kt in this regard.
Docusign Envelope ID." E7C6ACFA-14D&496E4DDD-76D2179F383C THE HOSKING CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE HOSKING CHARITABLE TRUST Oplnlons on other matters prns¢rfb•d by the Companles Act 2006 In our opinion. based on the VK¥rk undertaken in th8 course of our a1t th8 information given in the Trustees. report for tr£ finanual year lor wfw.ch the ffinarwl $latement$ aro preparèd. whth includes the directcs' rewl weptred for tr pwposes of CoMY law, is consistent with the finanrjal statements,. and Ihe directors. rewl InclLKled thin Ihe Truees' rerAXt has been W¢pad in accordce wih arpllcable legal re(pur8m&nts. Matters ¢n whlch wg are roqulrgd to r•port by excgptlon In the light of the kno%dge and understanding of the chity aThY its envvorThent obtaNd in the course of the audit, we have not idenkn.fied material mi55tatemerrts in the directors, report induded Within the Trustees. report. have nothing lo rert in respect of Ihe folkM"w matters in relation to wtsch the Ccrfnpanies Act 2006 requires us lo report to yw if. in our OlMnion= a(kquate accounts'ng records have Mt been kepL or relums al8wate for our aLKIrt hav8 nol been r8cerv8d from branches not wsited by us; or the statements are not in agrewnenl wth thè aec41urrtiNJ records and reIn$. or certaln disclosures of trustees. remuneJation specffjed by Lw are not made.. or we have not rewved all Ihe infOrMatK aTrJ explanations we require for our audit," or the Irustees were not entrtled to prye the financol statements In accordance with the small companies regirne and take advantage of the compaThes' exemp$ In prePn9 the Tntstees. feport and fiom Ihe requirement lo ppare a stralegc reF. Responslbllltles of trustees As explain8d mora fully in the statement of Trustees. reSpM$ties. the trustees. are also the directors of the charity for the purwse of company law. are responsitAe kn the weparabon of the finanaal statements and for beiThJ $alisfiod that they gNe a Irue and far view. and for such wrtemal control as the twstees determine is necessary to 8nabl8 the preparation of financial statS that We free from maienal misstalemenl, ether due to fraud or error. In preparin9 the financial slalgments. the truslees are reSp(ltsIe for assessing the Charity's ablty lo continue as a going concern, disclosing. as applicable. mattars related to gojng concem and u%ng the going concem basis of accounting unless the trustees either wrtWKI to liwthte ts ¢Jwrtable ccrfnpany or to cease operations. or have r rgalistic aliematNe but lo do w. Auditorfs r•sponslbllhl•s for the aydlt of the financlal slatgments Our obpdives are lo obtain reasonable assuRnce abwt wf*ther the finartial statements as a Who are free Irom material rnisstalement. whether due lo fra or erroT. aThJ lo issue an audrtorfs report that includes our opnion. Reasonat4e assuran¢e is a hh level of assurance tmjt is Mt a guarantee that an aufh"I condLted in accordanc8 th ISAS {UKI wil ahvays deloct a material misstatement when it exists. Mis$latements can arise from fraud Dr error and 8re considered material il, indivklually or in th8 a93r8gate. thèy could reasonably be expecled to infiuencfr the economic decisions of users laken on Ihe ba5 of these finCl slatemenls. The extent to vthich ow procedures arn Capable of detectir¥J Irregularitw, induding fraud. Is datailed belcAY.
Docusign Envelope ID." E7C6ACFA-14D&496E4DDD-76D2179F383C THE HOSKING CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE HOSKING CHARITABLE TRUST Oetèctlon of frnud and breaches of rtgulatk>ns To identify ri8ks of material misstatement due to fraMI. we consi(kned 8venls or clditIonS that Could indicate an incentive or piessure to CC4nmil fra or prowde an or¥)cttmty to do sts. apwoach indd.. using analytical procethms to Klontsfy unusual rdati(x.' reading minutes of trustee meelir¥Js.' discussing chaiity policies and procedures on fraKI deteLion and wevention vith trustoe$, enwiring about any knovledge of aciual. aleged or Suspec fr•JJ. We commur4cated identifd fraud risks thrOht tewn and remained rt to arry 1ndK1$ of fraud thrghOut the autht. To identify risks of material misstatement due to noTrcOM1arté Lws and wulalwS, our approach was as follows: We pjentiffied areas of18W5 and reguLition5 trt cOd rEa50nably be eycted to hav8 a material effect on the financial stslemenls from our general Chlty expwience. tknjgh discussion Ihe Iruslees and other management las reqd by aJ111n9 Standards). and discussed wth the trustees and other man&3emenl the policies and prtte¢thes regarding cx)mplAnce laws and rewlalion$'. Vle considwed the legal WKJ rewalw frame at¥kne to the financial statements reporting framework IFRS 102 the CharititsAcl 2011) and the rdevant tax com1¢ gUlations,. We considered tr natLKe of the inthsty. the contrd Onment aThJ tharitys pèrfomrK6. We commurM¢ated Klenlrfied laws and WLAatics tlYwgl crfw le and remai1 rt to indicatrjns of non Complian throughout the audit. Based on this undarstanding wa d8signed our wocedures to noTrcomphance wth such laws and regulatr)ns. the risk was considered lo be hi¥Rw. we perfmed audrt pr(Kedures lo address each identified fraud risk. also pgrfonned procedures to a¢Jress the risk of management ¢)veriide of ntrOlS and the risk of fr8udulenl revenue recognition. in paiticular risks that revenue is recorded in the wrong period and that management may be in a wsibon to make inappropriate nknn9 entries. Our procedures included". testing manual journds: reviewng the finanual ststement dtsclosus ald lestiny to sworting documentation,. pthming analytical procedures", and enqiiries of management. and we dened to provth reasonable assurwth that the ffinanci slatgmenls were free from fraud or error. O%Mng lo the inherent limitaknons of autht. there is an unavo¥Jable risk that we may not have detected soma m8lerial misstatements in the financial statements. even thouth we have property planned and performed audit in accordance with auditirKJ standards. For example. the further removed ncTrc<Mnplianee with laws and regulations is from the events and tr$tIonS refiected in the ffinancaal 5Litements. the les5 likely the inherentty limited procedures required by auditsng standards w4Uld identify it. The risk is also gre81er regarding noTrdete¢lion of fraud rather (han error, as fraud may involve intentw)nal conceaknent. forgery. llusIOn. omission or misrepres8ntats'on. OLK audit procedures are despJned lo delect malenal mis51atement. We are not responsitle for preventing nM- complance and cannot be expected le detect ¥Ath all laws regdation A further descriplion of our responsibifiltes is avadable on tr* Financial Rep)"n9 Council's website at.. https."Il www.frc.oig.uklaLMJitorsresponsibiIie$. This desuipkn fom)s part of our rew
Docusign Envelope ID." E7C6ACFA-14D&496E4DDD-76D2179F383C THE HOSKING CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE HOSKING CHARITABLE TRUST Use of our report This report i$ made solety lo the tharitable comp1.$ membgrs. as a boty. in accordance th Chapter 3 of P*t 16 of the Companies Act 2006. Our au(I't wk has been undertaken so that we might stale to the Gharrtablg company's members those matters we are required to slale lo Ihem in an audiiorfs report and no other purpose. To the fullest extent pemiitted by law, we do nol a¢cepl or assume Tesponskn"lrty to anyone othw than the chanlable company and the chwitable company's memters as a boty. for "t vrtwk. for Uw$ repty1, or lor the opiniMs w• have formed. DottU8n•d by. gt21Q03CA4B3a Mr Justln Moore (Senlor Statutory Audttorl for and on behalf of Arnold Hlll & Co LLP 06-Dec-2024 1 4:18 PM GPtfr Chartered Accountants Statutory Audltor Sixlh Fk)or Captsl Tower 91 Waterloo Road London SE18RT
Docusign Envelope ID." E7C6ACFA-14D&496E4DDD-76D2179F383C THE HOSKING CHARITABLE TRUST STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrnstrlcted Unrestrlcted funds funds 2024 2023 Mot•s Income trom: Donations and bgaaes Investm16 7.320 372.oc 510.051 Total In¢omo 379.320 510.051 Expendlure on: Rai%ng knds ChariL2tle actriit*s 34.719 401,089 39.068 337,573 Tolal expgDdltur• 435.808 376.641 Nel gansl(bssesl on InvestrY 11 454,832 (3.490,070) Nel Incomell•xpendltur•l and movemenl In funds 398.344 (3,358,660) Rgconclllatlon of funds: Fund balances at 1 April 2023 13.203.112 16.559.772 Fund balances al 31 March 2024 13,6DI,456 13,203,112 The statement ol nala1 activities ir(deS dl gains and h)sses re¢owised in tre year. M inc(e expenditure derwe from continuing a(aivities.
Docusign Envelope ID." E7C6ACFA-14D&496E4DDD-76D2179F383C THE HOSKING CHARITABLE TRUST BALANCE SHEET ASAT 31 MARCH 2024 2024 2023 Flxed as$ets Investments 12 12.900.763 12.445,932 Current assets Gash at bank and in har 709,544 763.480 Credltoffs: amounts falllng du• within one year 13 (8.851} {6,3001 Net cuff•nt •ss•ts 700.693 757,180 Totsl assèts l•s$ current Ilabllltks 13.601,456 13,203.112 Thè funds ofth• charlty Unrestndgd lund$ 14 13,601,456 13.203.112 13.601,456 13.203.112 The finanual stst•m•nts wor apFYo¥ed by th8 twsle8s t)n......................... Mr J Hoskin9 Trusteè Compary r8gislralion number 11292233 {England and Il¥èlesl
Docusign Envelope ID." E7C6ACFA-14D&496E4DDD-76D2179F383C THE HOSKING CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles Chrlty Inform•tk>n The Hoskn"ng Charitable Trust is a piivale Company b"mtted by guarantee i1orporatOd in Enand Wales. The regstered Off Is Sth Floor, Catal Ttyww, 91 WateTloo Road. L0ndc, SEI 8RT. 1.1 Accounting conv•non The finanual 5talemenls have been prepared in acC<wdae the Charity's Igovemiw documenll, the Companies Act 2006, FRS 102 Yhe Financial Repthng StaTrJard apFAi¢able in the UK and Republic of Ireland" fFRS 102.1 arKI the Charibes SORP -ACcOting and R8porbng by Chartiies.. Slalemenl of RecommerKled Prth appkcable to ¢hiti'es wwing their accounls in accordance with the Financial Reporting Stsndard apphcable in the UK and Repub5¢ of Irel IFRS 1021" (effective 1 January 20191. The charity ts a F"C Benefit Entty as defined by FRS 102. Th8 financial statemènts are prepared sterfing. vthich is the fUnenal currency of thé TntsL Monet amounts in these financial statements ¥e T0ded to Ihe newest £. The financtal statements have been prepared under tr4Stori¢al cost nventIOn. modified to include the revaluation of certain finarKJal instruments at fa.r vdue. The princapal accounting pohcies adoptod are sel out below. 1.2 Golng concern At the lime of approving the ffinanaal statements, the Itee$ have a reasonable expectation that the chartty has adequate resources lo eonbnue m operational exist for ts foresegablo fulure. Thus the trustees corkn.nue lo adopt the gcrfng concem basis of acCOting in preparin9 Ihe fin¢1¥1 statements. The trustees have undertaken a number of scenano wqe¢tion5 IQ Lndersland the potential impacl on the Trust and remaln satisfied that the eornpany 1$ able to meet its liabilities as they fall due over the next 12 months. Thus is h88 adopted the gOg concem basis in preparing Ihe ar1 ststements. 1.3 Charltabl• funds Unfeslricted funds we available use al dimtim of the trustees in bJrtherance of Iheir charilatle obAective$. The chanty ¢Wr1 holds M iestn.ded fiThls. 1.4 Incom• Income is recowised when the chty is le9aly endtled lo it after any perforrnance condrtbons have be8n mat, the amounts can be measured reb8Ny. aThJ it is prOe that irthme wil be Teeoived. Cash donations are recognised on receipt. Olher donatiorts ¥e recognlse(l once the eharity has been notified of the donation, unless perf0mlae condlti(ms rewye deferral of the amount. Income lax rgcoverable In relation lo donations received under GrftAid or deeds of Covenant ts recogrnsed at the time of the donation. 1.0 Expendlture Expenditwe is recognised once there is a or constnthe ot49ation to trSfer enomiC ben8fil to a third paty. it is probable that a Irw)sfer of ecorKthK benefrts will be required li settlemenL and Ihts amount of the obligation can be measured reliably. ExpenditLTr is dassiffied by activity. The Cfjsls of activity are made up of the lolal of (firecl co$1$ and shared cosls, including support costs invofved in undertakiNJ each %tivrty. Direct costs attributable lo a single activity ale allocated diredy lo that activity. Shared costs vrtKh contrilxrte to more than one activity and support costs which are not attributable to a siNJle actsvity are a[rtned ben those activrties on a basis consistent with the use of resowces. Central staff eosts are aloeated on the bS of lim8 spen( and depreciat)n charges are allocated on the of the asset's U5•. 10-
Docusign Envelope ID." E7C6ACFA-14D&496E4DDD-76D2179F383C THE HOSKING CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcl•s {Contlnuedl Resources expended cc))prise charitable expenthture. Tlis conssts of the grants payablè in fijrtherence ol thè companls object5 and resowces expeNW on managng and admiThsterin9 ¢ompany. 1.6 Flxed asset Inveslm•nts Fixed asset investments are initialy measured al tr?nsxti price exduth.ng transaction cost$. and ore subsequentty meosured at fair value at each rewting date. Ch9¢S in far value are recognised in nel irwmèllexpendture) forthe year. costs We expensed as 1Thd. 1.7 Cash and cuh •qulvalents Cash and cash equivalents includè cash w) hand. deposils held at cam with ks, other $hort4erm liquid investments vilh original matunties ol three months ow less. and bank overdrafts. Bank overdrafts are sh within l)WOVings in Current liabilits. 8aslc flnanclal assgts Baw¢ financial assets, which inclthje debtors and cash aThJ bank balances, ar8 initialty measured at Iransath¢)n price incILing transacti costs are sUbseqL11y earried at amorn.sed cost using the effective interest method urless the arrarvjgmenl ¢trtl$ a ffinancing 1rsa"0n. ere the transaclion is measured at the present vaue of th8 ftrture reCptS d'scounl8d at a mwket rate of knterest. Fina)cial assets dassified as receivable one year are not amortssed. Bas1¢ flnanclal Ilabllltles Ba%¢ ffinanual liatrflib'es. incknjing ¢re(Itors bank kn8n$ am recowised al transactbon price unless the arrangement Constitutes a financing transacti. where the debl instrument is measured al the present value of the frjiure payments diScnIed at a mafkel rale of interest. Financial liatilithes classified as payab Vithin one year are not amortise(l. Debt instruments we subsewgnjy wied al ¢osL using ts eflective Nilerest rale method. Trade credilors are obligalion$ lo pay for gocYs or seNtis that have been wuire¢l in the ordinary cours8 of operations from suppliers. Amounts payable are dassified as ewent liabilities if payment is due within on8 year oi less. If not, they are wesenled as rh)n-ot IFabih"lTres. Trade creditors are recognised inltialty at transaction Pri and jbSeqUen1IY measured at amoiffjsed o)st using the eff1v• inter•st method. Derncognltlon of Ilnanci•l liabililies Finanual lialitIeS are derec0gn1d +en lh• thS Contractu obfoations expire or are thscharged or carlled. Crlllcal accountlng estlmates and Judg•m•nts In the application of the Charit$ aectyJnt6ng policies. the trustees are requlred lo make jLKlgements, eslimatos and assumplor4s aboul the caln9 anount of assets liabililies that are not readity apparent from other sources. The ests"mates and associ*ed assumpti$ aro based cffl hi5tori¢al experience and other factors that are eonsidèred lo be relevant. Actval results may differ from these astimates. 11
Docusign Envelope ID." E7C6ACFA-14D&496E4DDD-76D2179F383C THE HOSKING CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (COPMNUED FOR THE YEAR ENDED 31 MARCH 2024 Income from d¢)natlons and kgacl•s Unrestrkted funds 2024 Unrestrlct•d funds 2023 Donatlons and gifts 7.320 Income Irom InvMtm•nts Unrns¢rfct•d nds 2024 UtrIcted fund$ 2023 In¢ome from liste(l investments Interest receiva18 371.413 $87 508.936 1.115 372.1)00 510,051 Ralglng funds Unrestrlcted Unrestrlctsd funds funds 2024 2023 Investment management 34,719 39,068 34,719 39,066 12-
Docusign Envelope ID." E7C6ACFA-14D&496E4DDD-76D2179F383C THE HOSKING CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Grants payab Support 05ts 2024 Support costs 2023 Grants lo Insti110n6.. Tempus Novo (No. 11570791 Sighlsavers (No. 207544) Together We Leam (No. 11659531 Team Domanica {No. 1165494) The Dawd Shepherd Wbjkfe FodatIOn (No.1106893) The Felix Project (No. 1168183) HospKe in the a (No. 2802761 Lads need Dads C.l.C (Company No. 26924) The Prince's Trust (No. 1079675) Oout4e Impact Projecls {No. 1139865) The Jericho FoLmdats"on (No. 10370841 Samaritsns {No. 2194321 Mind INO. 219830) Purple Shoo15 BusiM$s Lenthng (No. 1155385) Other 20.000 20,000 20.000 20.000 20.000 30.000 10.000 20,000 40,000 20,000 20.000 10.000 20.000 20,000 100.060 20,000 20,000 20.000 20,000 20.000 30.000 10,000 20.000 40.000 20.000 20,000 10.000 20,000 20,000 40,000 390.060 330,000 Grants and donations have m lo Ihe above instilutiMs in line 1th the Twsfs wncipal objectN•8 benefitbng ¢hanlable se$. Other donations amount to £100.060 (2023. £40.000). TPw$ consists of Althèim8rfs Sotyoty £40.0) 12023: £40.OOOJ and Disasters Emergency Ccxnmittee £60.000 {2023: QNII. All thantie$ a based arKI re¥stered in ErNI aThl KÈles. Support costs allocated to actlvltles 2024 2023 Govemance costs 11.029 7,573 N•t fflovom•nt In funds 2024 2023 The net movement wi funds is slaled after clwgiWlrAe(Il¥ig}.' Exchange losse(gaIns} Feés payable the audil of the finanria statements 131 6,960 7,000 13-
Docusign Envelope ID." E7C6ACFA-14D&496E4DDD-76D2179F383C THE HOSKING CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 hlARCH 2024 Truslo0s None of the truslees lor any persons conrthd them) recwed any remuneratitin or beneffts from th8 charlty during the year. 10 Employe•s There was rKJ reMLwatiCffi key managgment Persne1(2023.' nMe} and there wwe no employees during Ihe current or wioi year. 2024 Number 2023 Number There were no employees wthose anrnid rernunerati( was more than £60,OCx). 11 Galns •nd 10s¥g¥ OD InV•stnts Unrestrfcted funds 2024 Unrnstrlct•d funds 2023 Gainsl{losses) arisiry on.. Revalua11 of irNesknents 454.832 {3.490.0701 12 Flxed I•1 Inv•stments Ll$t¢d InVQMents Ct or valuatlon At 1 April 2023 Valuation Changes 12,445,932 454,831 At 31 March 2024 12.900.763 Carrylng •mount At 31 March 2024 12.900,763 At 31 March 2023 12.445.932 13 Cr•dltord: amounts falllng due thln on• y••r 2024 2023 Accwals and deferred income 8,851 6,300 14-
Docusign Envelope ID." E7C6ACFA-14D&496E4DDD-76D2179F383C THE HOSKING CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Unrestrkted funds The unrestricted knds of the chty compnse the experthd baances of (Sjnations and gyanls whlch are not 5ubjed lo $peeifte eondrtions by donors and grantors as to h¢)w Ihey may be used. The indude designated fund$ kn1¢h have been sei a>de out of uMestrKted funds by the trustees for speofic PLwposes. At 1 Apvll 2023 In¢omlng Resou0$ resources expènded Galns and At 31 March losses 2024 General fund$ 13.203.112 379.320 {435.808) 454,832 13.601,456 Prevlous yoar: At1Apr Incomlng R•sources 2022 resour4 èxpènded Galns and At31 March 2023 Ggneral funds 16.559,772 510,OS1 1376.641) 13,490.070) 13,203.112 15 Related party tran$actlon8 Thère were disc*)sable related paty tiansa¢tions during th8 year (2023.. non81. 15-