Docusign Envelope ID." E7C6ACFA-14D&496E4DDD-76D2179F383C Charlty reglstralk*n nUM￿r 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 HOs￿r￿j Mrs EA Hosking MrTFKHothro Charlty ntsM￿r 1183218 Company numb 11292233 Reglstèred offlce gxlh Floor 91 Vknr100 Road L￿dOn 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 fin￿rA41 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 sL*ements 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 accord￿Ce wrth the F￿an¢*i1 Repo￿rrfJ 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 ch*itable purposes a¢￿Ing to the law of England and Wales as the Trustees in ther absoKrte th"scretw from b'me to t￿e determine. The Poli￿e$ 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 9￿dance 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 satiSfact￿lY 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 securit*s from around the world that are considwed lo pft)vide Teaswable loThJ lemi prospects 0)mp￿d 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 s￿kn 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 r*cessary. 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 Tn*f$ strategy and areas of xtivity. The Directors do not re￿mm￿d pasrynent of a fnal i*vidw#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 i￿￿tify such relevant infomiation and to establish that the a￿1110[ 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 fina￿￿al sL*ements in acc(Kdance ￿lh applicable law and United King¢*•m Aecounting SLindards IUThted IQNJdcKn Gener￿￿A¢certed AccoU￿ng 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 I￿orning reS￿reaS and applicalion of resources. incluth'ng the incomo expeNJilure. of the charilable company fof that ye¥. In prepariThJ ttlese ffinarKial ststements. Ihe tr￿￿ee5 are raquirad to.. - select $uitsblg accounlir4J pC￿ClaS and then aptty them co￿51en￿'. - observe the methods and princi￿e$ m the Charil*s SORP. - make judgements and estimates that are reasonable and prwjent - state whether apF4K8ble UK Accounting SlarKlards have t￿1 ftAkywed. suty'ect to any mal8rial departures disdosed and ewained in Ihe fi￿la1 statewenls.. - prepare the financial statéments on the grAng COnc￿n basis unles5 il 15 Inapprcyllate lo presLme tl)al the charity will continue in operation. The trustees are responsible for keeping adequate acccA*itsng record$ that disclos8 Wfth reasonabl8 occuracy al y tsme the ffinancial position of the charity arKI enable them to ensure that the fin￿la1 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 'c*anty'} 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 acco￿ling wliues. The fwHrKial reporti)g fraMeW￿k that has been applied in their praparation is applicable law and Unitad lQnglom knounbng StaThJards. induding Financial Reportsng Standard 102 The Finan￿al RepOrt￿g Slandard ap￿￿a￿￿ 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 Kir￿d￿n Generay Accepted Accounting Praclice", and have been prepared in aC0)rd￿ *ith Ihe reqwements of the c￿nIesAr1 2(M)6. Ba$ls for oplnkln We conducted our audit in accord￿￿ ￿￿th Intemational Skndards Auditing {UK) IISAS IUKII and appl￿ble law. Our responsI￿.11tieS under those sLwKlards are fLxther dewbed in Ihe Auth'lorfs reSponsib￿rtieS for lh& audit of ihe finanual statements section of our report. are independent of the charity in a¢cordanc8 with the ethical requirements that are relevant to our audrt of the financial statements in the UK including the FRC'S E￿.¢al Standard. and we have f￿lled other ettr1￿1 ￿Sponsibl111￿&S in a￿ordanCe ￿th Ihese requiiements. ￿ believe that the audit evidence we have obtained is sufficiert *KI apPrOw￿ to WOVkJ• a basis for ow opinw. Concluslons relatlng to golng Mncern In auditing thg financial slalem8nls, w have conduded that thg Truste•s' tsse of the going concwn basis of acCo￿ting in the preparation of the financi* statemenls is 4)propriate. 8as8d on tho we have performed, we have fiot Klentified any material uncertanties relating to events or conditions that. iTrJividu*ty or colleclively. may cast signfficanl dLNbt on the charity's ability to conb.nue as a going concem for a p9nod ol ot least I¥￿￿¢ m(rths *Athen the fror￿￿1 stslements are authonsed for issue. Our responsibilities and Ihe respmsibjr ities of the trustees *ith rgspKt to Wng cor￿￿ are de￿bed in the relevant sections of this reF4Xt. Other Informatlon The Iruslees are responsible for the other infoxmatN)n. The other 7nfomiation Comr￿se5 the information induded in the annual report. other than the financial statements and cmjr auditor's rep)rt Ihereon. Our opinion on the finarrial ststeM￿ts does not cover ihe rAher Infom￿ we (h) not exwess ary fomi of assurnncè eontlu$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 V*ith the finanual slalements or ¢)uT knowledge obtained #i the S￿lit or othemse appears to be malerialfy misstated. If we hjenlify such matarial inconsistencies or appwent material mis5tstements. we are re¢wired to deterM￿e whether there is a material misstslement in the financi￿ statements or a maleiial mts$tat￿eftt 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 a￿￿1t th8 information given in the Trustees. report for tr£ finanual year lor wfw.ch the ffinarwl $latement$ aro preparèd. whth includes the directc*s' rewl weptred for tr* pwposes of CoM￿Y law, is consistent with the finanrjal statements,. and Ihe directors. rewl InclLKled ￿thin Ihe Tru*ees' rerAXt has been W¢pa￿d in accord￿ce 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 ch*ity 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 re￿rt 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 re￿In$. or certaln disclosures of trustees. remuneJation specffjed by Lw are not made.. or we have not rewved all Ihe infOrMatK￿ aTrJ explanations we require for our audit," or the Irustees were not entrtled to prye the financol statements In accordance with the small companies regirne and take advantage of the compaThes' exemp￿$ In preP￿n9 the Tntstees. feport and fiom Ihe requirement lo p￿pare 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 $alisfiod that they gNe a Irue and far view. and for such wrtemal control as the twstees determine is necessary to 8nabl8 the preparation of financial stat￿￿￿S that We free from maienal misstalemenl, ￿ether due to fraud or error. In preparin9 the financial slalgments. the truslees are reSp(￿ltsIe for assessing the Charity's ab￿lty lo continue as a going concern, disclosing. as applicable. mattars related to gojng concem and u%ng the going concem basis of accounting unless the trustees either wrtWKI to liwthte ts ¢Jwrtable ccrfnpany or to cease operations. or have r rgalistic aliematNe but lo do w. Auditorfs r•sponslbllhl•s for the aydlt of the financlal slatgments Our obpdives are lo obtain reasonable assuRnce abwt wf*ther the finartial statements as a Who￿ are free Irom material rnisstalement. whether due lo fra￿￿ or erroT. aThJ lo issue an audrtorfs report that includes our opnion. Reasonat4e assuran¢e is a h￿h level of assurance tmjt is Mt a guarantee that an aufh"I condL￿ted in accordanc8 th ISAS {UKI wil ahvays deloct a material misstatement when it exists. Mis$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 ba￿5 of these fin￿C￿l 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 cl￿ditIonS that Could indicate an incentive or piessure to CC4nmil fra￿ or prowde an or¥)c*ttmty to do sts. apwoach ind￿d.. using analytical procethms to Klontsfy unusual rdati(x*.' reading minutes of trustee meelir¥Js.' discussing chaiity policies and procedures on fraKI deteL*ion and wevention v*ith trustoe$, enwiring about any knovledge of aciual. aleged or Suspec￿ fr•JJ. We commur4cated identif￿d fraud risks thrO￿h￿t tewn and remained *rt to arry 1ndK*1￿$ of fraud thr￿ghOut the autht. To identify risks of material misstatement due to noTrcOM￿1arté Lws and wulalw￿S, our approach was as follows: We pjentiffied areas of18W5 and reguLition5 tr￿t cO￿d rEa50nably be eycted to hav8 a material effect on the financial stslemenls from our general Ch￿lty expwience. tknjgh discussion Ihe Iruslees and other management las req￿￿d by a￿J111n9 Standards). and discussed wth the trustees and other man&3emenl the policies and prtte¢th￿es regarding cx)mplAnce laws and rewlalion$'. Vle considwed the legal WKJ rewalw frame￿ at¥kn￿e to the financial statements reporting framework IFRS 102 the CharititsAcl 2011) and the rdevant tax com￿1*￿¢ ￿gUlations,. We considered tr￿ natLKe of the inthsty. the contrd ￿￿Onment aThJ tharitys pèrfom*rK6. We commurM¢ated Klenlrfied laws and WLAatic￿s tlYwg￿￿l crfw le￿ and remai￿1 *rt to indicatrjns of non Complian￿ throughout the audit. Based on this undarstanding wa d8signed our wocedures to noTrcomphance wth such laws and regulatr)ns. the risk was considered lo be hi¥Rw. we perfmed audrt pr(Kedures lo address each identified fraud risk. also pgrfonned procedures to a¢*Jress the risk of management ¢)veriide of ￿ntrOlS and the risk of fr8udulenl revenue recognition. in paiticular risks that revenue is recorded in the wrong period and that management may be in a wsibon to make inappropriate ￿nknn9 entries. Our procedures included". testing manual journds: reviewng the finanual ststement dtsclosu￿s ald lestiny to sworting documentation,. pthming analytical procedures", and enqiiries of management. and we de￿ned to provth reasonable assurwth that the ffinanci￿ slatgmenls were free from fraud or error. O%Mng lo the inherent limitaknons of ￿ autht. there is an unavo¥Jable risk that we may not have detected soma m8lerial misstatements in the financial statements. even thouth we have property planned and performed audit in accordance with auditirKJ standards. For example. the further removed ncTrcn The Hoskn"ng Charitable Trust is a piivale Company b"mtted by guarantee i1￿orporatOd in En￿and Wales. The regstered Off￿ Is Sth Floor, Ca￿tal Ttyww, 91 WateTloo Road. L0ndc￿, SEI 8RT. 1.1 Accounting conv•n￿on The finanual 5talemenls have been prepared in acCde out of uMestrKted funds by the trustees for speofic PLwposes. At 1 Apvll 2023 In¢omlng Resou￿0$ 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 resour￿4 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-