Company reglstration nUMr 11292233 (England and Wale81 Charlty reyl$tratlon number 1183218 {Engl¥nd and Wal•g1 THE HOSKING CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE HOSKING CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr J Hosking Mts E A Hosking Mr T F K Hosking County of incoryjoratlon England and Wales 11292233 Chaiity r¥gi$trallon England and Wal$s 1183218 Registered offic• s Floor Capital Tower 91 Vvalerfoo Road London SE18RT Auditor Amold Hill & Co LLP Sixth Floor Capital Tower 91 Waterloo Road London SE18RT
THE HOSKING CHARITABLE TRUST CONTENTS PagÈ Trustees, report Statement of Trustees. responsibilitl8S Independènt auditorfs report Statemenl of finan¢ial adivities Balance sheet Notes lo the financial statements 10-15
THE HOSKING CHARITABLE TRUST TRUSTEES, REPORT IINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Iruslees present their annual report and financlal statements for the year &ndgd 31 March 2025. The financial statements have been prepad in accordance with the accounting poliryes sèt out in note 1 to th8 accounts and Cotllply with the Tru51's Memorandum and Articles of Association, the Cornpaniès Act 2008 and 'AOUntIng and Reports"ng by Charitiès.. Statement of Recommended Practice applicable lo charrf(ies pparIng their accounts in accordance with the Financial Reporting Standard ap l¢able in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019}" Oblactlvos and a¢llvltl¢$ The charily's objects are for ihe public benefit to further such exclusivety charitable purposes aCrdIng to thè law ol England and Walès as the Tru51èÈs in their absolut• discretion from time lo time deteminè. Thè policies adopted in furtherance of these oblects a detsiled below and there has been no change in these during the year. The trustees have paid due regard to gLJtdance issuèd by thè Charity Commission in dedIng what 8CtNilles Ihg chairfiy should undertake. Achlevements and perforniance The Charitable Tru51's investments are managed by a professional invgslrnenl firm under tha supervision of the Board. The investments are made for the purpose of generating income on a yearly basis for donation. The portfolio has perfomied satisfactorily in the year, havin9 rebounded in value since the beginning of the Cowd 19 pandemic.. Flnanclal revltw The Charrtable Trust achieved a surplus during the year of £708.527 inrjuding foreign exchange gains and losses {2024.. £398.3441. The reserves held at yeai end amounted lo £14.309,98312024'. £13,601,456). 11 is the intention of the tru51ees to utilise the return on Catal of the Trusvs investTn8nts to maintain a regular distribution of funds. This level of reserves has increased during the year. Thè Trust's invèstment policy is lo make long 18rwn inveslrnents in a limited number of securities trom around the world th81 a nsidered to provide reasonable long term prospects Compared to their market price. The Trustees have assessed the major risks to which the Foundation is exposed. and are salisfied that systems and processes are in place lo mitigate exposure lo such risks. Structure, governance and management The charity is a cornpany limited by guarantee. The trustees. who are 31$0 the dlreclors for the purpose of company law, and who served during the year and up to the dale of signature of the financial statemen15 weTe'. Mr J Hosknng Mrs EA Hosknng Mr T F K Hosking Trustèes aré rèuurtèd as and when it Is deemed ne¢e3$ary. Training is provided lo individual Trustees and Tru51ees as a whole as and when needs arise. None of the trustees has any beneficial interest in the company. All of the trustees are mèmbers of the company and guarantee lo ntributO £1 in the event of a winding up. The Directors have assessed the major risks lo which the Company is exposed, and are satisfied that processe5 are in place to mitigate exposure to the major risks. The Board of Trustee$ meo1 regularly lo revigw and update the Trusfs strategy and areas of activity.
THE HOSKING CHARITABLE TRUST TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 hlARCH 2025 The Directors do not iecommend payment of a final dividènd. Audltor In accordance with the cornpany's artidas, a resolution proposing that Amold Hill & Co LLP be reappointed as auditor of the company will be put at a General Meeting. Dl8closure of Infomiatlon to auditor Each of the trustees has eonfirmed that the is no infomiation of whrch they are aware whith is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have tsken appropriate steps lo idèntfy such relevant infomiation and to establish that the auditor is aware of such information. The Trustaes, report was approved by the Board of Trustees. Mr J Hosklng Trustee Dated.. Ir L4)LS
THE HOSKING CHARITABLE TRUST STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also the directors of The Hosking Chatttabla TTUSt lor the purpose of company law, are responsible for preparing the Trustees. Report and the financi81 statements in accordance with applicable law and United Kingdom Ac£oLsnting Standards (United lfjngdom Generally Accepted A¢ntIng Practice). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair ew of the stsle of affairs of the chority and of the incoming resources and application of resources, including the incomè and expendrture. of the charitable company for that yèar. In preparing these financial statements, thè truslees are required to.. select suitable a¢¢ounling policies and then 8ppty them consislenUy'. obseNe the methods and principles in the Charflies SORP.. make judgements and estimates that are reasonable and prudent.. state whèther applicablè UK Accountin9 Standards havé bèèn followed, subject lo any rnaleri81 departures disdosed and explained in the finan¢lal stalemenls.. and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charty will continue in operation. The trustees are responsiblè for kéèping 8dÈqu3tè aecounting records that disclose wilh reasonable a¢¢uracy al any time the financial position of the chaiity and enable thèm to ènsurè that the financial statements cornply with the Cotnpanies 2006. They are a150 responsible for safeguarding the assets ol th• charty and hence for taking reasonable Steps for Ihe prevention and detection ol fraud and other irregulaiits'es. Company law requires the trust88S to prèpare financial ststements for each financial year which give a true and fair ew of the slate of aff8irs of the charity and of the incoming resources and application of reSoUrs, induding the income and expenditure. of the charitable cctmpany for that year. In preparing these financial statèmènts. the trustees are rèquired to.. selact suitablè acctsunting policies and then appty theTn con51St8ntly', observe the methods and principles in the Charities SORP.. make judgements and eslimale5 that are reasonable and prudent., State whether applicable UK Accounting Standards have been followed, subiect to any material departuras disc4osed and explained in the financial statements,. and prepare the financial slalemenl$ on the gobng concern basls unless il is inappropriat8 to pr85ume that the tharity will eontinuè in opèration. The trustees are responsible for keeping adequate a¢counting records that disclose with Teasonable accuracy al any time the financial position of the charity and Ènablè them to ensure that the financial statements cornply with the Companies Act 2008. They ale a150 responsible foi safegvarding the assèts of Ihe ¢harity and hence for taking reasonable 51ep5 foi the prevention and detection of fraud and other irregularities.
THE HOSKING CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE HOSKING CHARITABLE TRUST Oplnlon We have audrtèd the finan(aal statements of The Hosking Charitable Trust Ilhe '¢harfly'l for the year ended 31 March 2025 which comprise the statement of financial actiwties. the balance sheet and notes to Ihe financAal statements, Sncluding significant accounting policies. ThÈ ffin8ncial reporting framework that has bèen 8ppliad in their preparation 15 applicable law and Unil8d Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial R8pothng Slandarcl applicable in the UK and Republic of Ireland {Uniled Kingdotn GenerallyAccepted Accollnllng Pra¢li¢el. In our opinion, the financial statements.. giv* a true and fair view of the state of the charitable company's 8ffai15 as al 31 March 2025 and of its incoming resources and application ol rèsoLJrcès, inrjuding ils income and expenditure, for the year than &nded', have been properly prepared in accordance wllh United Kingdom Generalty Aczepled Accounting Practice,. and have been piepared in accordan¢e with the requiremerts of the Companies Act 21)06. Ba¥lB for opinlon We ndUcted our audrt in accordance with International Standards on Auditing IUKI IISAS IUK)) and applicable law. Our responsibilities undèr those standard5 are further described in the Audilorts responsibilities for the audit of the financial stat8m&nts section of our report. We are independent of Ihtr thaiity in attcordan with tho ethical requirements that ale relevant to our audit of the finanual statèments in the UK, Including the FRC'S Ethical Stsndard, and we have fvlfilled our other ethical rèsponsibilities in accordan wilh these requirements. We believe that th¢ audit ewdence we have obtainéd is 5uffi(xenl and appropriate lo provide a basis for our opinion. Conclusions relating to going concem In 3udrting the financial statements. we have conduded that the Trust88s' usé of the going concern basls of accounting in the preparation of the finanaal statements IS aPPTopriale. Based on thg work we have perfomied, we have not i(lenlified any material uncertainties relating to events or eonditions that, individually or collectively, may ca51 significant doubt on the charity's ability to continue as 8 9Olllg ¢oncein for a period of at least twelve Tnonlh5 from when the financial statements are aulhorised for issue. Our responsibiliti&s and the responsibilities of the tnJstÈés with respect lo going concern are described in Ihe relevanl sections of this Teport. Other Inforniatlon The tru51ees are responsiblè lor thè other information. The oth8r informalion compris8s the information includ9d i the annual report, othèr than th8 financial stslements and our audttor's report thereon. Our opinion on the fin8n¢i81 5taternenls doès not cover the other information and w¢ do not express any forrn of assurance conclusion thereon. In conneth'on with our audit of thè finana81 statements, our responsibilrty is lo read the other infrjrniation and, In doing so, consider whether the other information is materially in¢onsisl¢nt with the financial statements or our knowledge obtained In the audrt or otherwise appears to bé materially misslaled. If we iderilify such material inconsistencies 01 apparent material misstatèmènts, we are required to deterrnine whether there 15 a material misstatement in the financial statements or a material misstatement of the other information. If, based on the WOTk we have perfomed, we condude that there is a material misstatement of this other information. we arè rèquired to report that fact. Wg have nothing lo report in this regard.
THE HOSKING CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE HOSKING CHARITABLE TRUST Oplnlons on 0thoF matttrrn pres¢rlbed by the CompanSès Act 2006 In our opinion, based on the work undertakén in the course of our audit.. the information given in the Trustees, report for the financial year for which the financial statements are prepared, which indudès the directors, r&port prepared for the purpose5 of company law, is consistènt with the finanoal ststements." and the directois, report included within the Trustees. report has been prepared in accord3n¢e wtth appllcable legal requirements. Matters on which we are required to report by exception In the light tsf thè knowlèdge and understsnding of thè and its enmronmènt obtained in the course of th8 audit, we have not identified material misstatements in the difectots, report included within the Trustees. report. We have nothing to report in respeet of thè following matters in relation tts which the Companies Act 2006 requires us lo report to you rf, in our opinion.. adequate accounting records hava not been kèpt, or retums adequate for our audit have not been received Irom branchès not vistted by u5". QI the finanaal statements are not in agreement with the accA)untsng records and returns,. or certain disclosures of trustees, remuneration specified by law are not made,. or we have not received all the information and explanation5 we require for our audit., or the trustees wtsre not entf(lèd lo prepare the flnantyal slalemenls in accordance with the small companies regime and lake advantsge of the small companies. exemption5 in preparing the Trustees, report and from the requirement to prepare a Strateg report. R•5ponsibilitig¥ of trustse¥ As explained more fully in the statement of Tru$lee$' fesponsibililies, tho trustees, who are afso the directors of the charrty for the purpos& of company law. arè rèsponsiblè for thè preparation of thè finanaal statements and for being satisfied that they give a true and fair view, and for such internal control a5 the trustee5 determine is necessary to enable the preparation of financial slalements that are free from material misslalemenl, whether due lo fraud or error. In preparing th& financial statéments, thè trustees are responsible lor assessing thè charity's ability to continue as a going concem, disclosing, as appll¢able, matters related lo going ¢on¢em and using the going conrn basis of accounting unless the Iruslee5 either intend to liquidate the charitable company or to Cease operation$, or have no realLStic allem81ive but to do so. Auditor's rg¥pon¥ibilitie¥ for the audit of the financial Statements Our objeclives are to obtain reasonabl& assurance about whelhor the financial statementg as a whole are free from material misstatemènt, whether due to fraud or error. and lo issue an audilorfs rèport that indudes our opinion. Reasonable assurance 15 a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstal8menls can arise Irom fraud or error and are considered material if, individually or in the aggregate, they could reasonabty be expected to influence the economic dècisions of usèis taken on the basis of these financial statèments. The exlenl to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
THE HOSKING CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE HOSKING CHARITABLE TRUST D8tectlon of frnud and breathes of regulatSon$ To identify risks ol material misstatement due to fraud, we considered events or c(Jnditions that could indicate an incentive or Pressure to commit fraud or provide an opportunity to do so. Our approach included.. using analytical procedure5 10 identify unusual relalh)nships'. reading minutes of tru51ee meetings-, discussing chaTity policies and procèdures on fraud deteCtn and prevention wrth trustees. and enquiring about any knowledge of actual, alleged or suspected fraud. communicated identifled fraud risks throughout our team and r8mainèd alert lo any indications of fraud Ihrtsughout the audit. To identfy risks of material misstatement due lo noTh<0mplian with laws and Tegulations. our approach was as lollows." We idenlrfied areas of18ws and fegulations that could reasonabty be expected lo have a material effect on the financial statèments from our general ctharity experi¢n¢e. and Ihiough di5CUS8ion wrth the Iruslees and other management las required by auditing stsndardsl, and discussed wlh the trustees and othar managemtrnl the polie$ and procèdures regarding compliance with laws and regulations., We considered the legal and regulatory trameworks directly applicable to the financial statements r8porting framework IFRS 102 and the ChaiiliesAcl 2011} and tho relevant tax compliance regulations., We considered the nature of the industy. the control environment and charitys performance. We communicatèd hlenlified laws and regulations throughout our team and remained alèrt to any indications of non- compliance throughout the audit. Based on this understanding we designed our audit procedures lo identify non-cornpliance with such laws and regulations. Whère the risk was considered to be higher. we performed audit procedures to address each idèntified fraud risk. We also perfomied procedurès lo address the risk of management override of controls and the risk of fraudulent ievenue recognition, in particular the risks that rèvenuè is recorded in the wrong period and that management may be in a position to Tnake inappropriate accounting entries. Our procedures included.. testing manual journals.. reviewing the financial statement disdosures and lesling 10 5UPPOrting documentation., perfoming analytical proc8dur85.' and enquiries ol mana9emenl. and were designed lo prowde reasonable assuranc• that the finanaal stal8rrenls were free from fraud or error. Owlng lo the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material rnisstatemènls in the finanaal statements, even though we have properly planned and performed our audit in accordance with auditing standards. For 8xamplè, the further removed non-compliance with laws and ie9ulalions is from the events and transactions rèflected in the financial statements, the less likely the inherently limrted procèdurès required by auditin9 slandaid5 would identify it. The risk is also greater reg8rding non-deleclion of fraud rather than error, as fraud may involve intentional concealmènt, forgery, collusion, omission or misrepresentation. Our audit procedures a designed to detect material tnisstalemenl. We are not responsible for preventing non- compliance and cannot be expected to d8t&ct non-compliance with all laws and regulations. A further des¢ript(on of our responsibilities is available on the Financial R8POrting Council's wgbsi(e al: http6'.11 wM¥.frc.org.uk/audilorsr8sponsibilitie5. This description fomis part ol our auailorfs report.
THE HOSKING CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE HOSKING CHARITABLE TRUST Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 oftho CDmpanies Acl 2006. Our audf( work has been undertakèn so that we might slate lo the charitsble company's membèrs those mattèrs we are required to state to them in an auditor's report and for no other purpose. To the lullesl exlenl peimitted by law. we do not accept 01 assume responsibility to anyone other than the charitable company and the charrtable company's members as a body, lor our audit work, for this report, or for the opinions we have formed. Mr Justin Mooro Isgnior Statutory Auditor) for and on béhall of Amold Hlll & Co LLP Chartered Accountants statutoryAuditor Sixth Floor Capital Tower 91 Waterloo Road London SE1 8RT
THE HOSKING CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted lund$ 202S Unrestrl¢ted funds 2024 Notes Income from: Donations and lègacie5 Inv951menls 7.320 372.000 414,921 Total incom• 414,921 379,320 Expenditure on: Raising funds Charitable activities 39,003 370,795 34,719 401,089 Total Bxpendltu 409,798 435,808 Net gainslllosse31 on investmènts 11 712,361 454,832 N•t In¢ome 717.484 398,344 Other rgcognlgod gains and los$•$'. Other losses 12 18,95n Nèt movement in funds 708,527 398.344 Roconclllatlon of funds: Fund balances at 1 April 2024 13,601.456 13,203.112 Fund balances at 31 Mareh 2025 14,309,983 13,601,456 The slalement of financial activitias include8 all gains and losses recognlsed in the year. All income and 8xpenditure derive from continuing activili8S.
THE HOSKING CHARITABLE TRUST BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Note¥ Flxed assèts Investments 13 12,900,020 12.900,763 Current a$5ets Cgsh al bank and in hand 1,420.218 709,544 Credltors: amounts falllng duo within ong y•ar 14 110,255) 18,851 N•t Currènt $ts 1,409,963 700,693 Totsl ass•ts l•ss curr•nt liabllltiè¥ 14,309.983 13,601,456 Thé funds of thè charlty Unrestricted funds 14,309,983 13.601,456 14,309,983 13.601,456 The financial statements were app ed y the trustees on ........ ...... MT J H05king Tru$teè
THE HOSKING CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A¢counting policies Charity infomiaflon The Hosking Charitable Trust Is 8 prlvale company limlted by guarantee inrpOrated in England and Wales. The registarad office is Sixth Floor, Capital Tower. 91 Walerfoo Road, London, SE18RT. 1.1 8a$i5 of prnparatlon Thè financial 5tatemenls have been prepared in accordance with the charitys Igoverning docurnentl, the Companies Act 2008, FRS 102 'The Flnancial Reporting Standard 8pplicable in th& UK and Republic of Ireland" I'FRS 102.) and the Charitie5 SORP "Accounting and Reporting by Ch8rities.. StAtÈmenl ol Recommended Practicè applicable lo charities preparing their accounts in accordance WTth the FinancAal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019). Th chanty 1$ 8 Public Benefit Entity as defined by FRS 102. The financAal statemènts are piepared in sterling, which 15 the functional Currency of the Trust. Monetary amounts in th8sè finanual statements are rounded to the nearest £. The financial statements have been préparèd undèr thé historical cost convention, modifiad to indudè the revaluation of c£rtain financial instruTnenls al fair value. The pr5nLapal accounting poliryes adopted ale set out below. 1.2 Golng ¢oncgm At the timè of approving the financial statements. the trustees have a reasonable expectation that the charity has adequate resourc65 to continue in operational existence for the fOSee¥brO future. Thus the trustees con*'nue to adopt the going coneern basis of accounting in preparing the finanal slatemÈnts_ The tru8lee3 have undertaken a number of scenaiio piojeclions to understand the potential impact on the Trust and remain satisfied that thè cornpany is able lo meet rts liabilities as they fall due over the next 12 month5. Thus is has adopted thè going ty)n¢em basis in preparing the annual ststements. 1.3 CharltablÈ fund5 Unreslrict•d funds are available for use at th8 discretion of the trustees in furtheranc8 of their charitable objectives. Thè chartty currently holds no restricied funds. 1.4 In¢om• Income is recognlsed when the charity is legally entitled to it 8ftèr any pèrformance conditlons have be¢n m¢1, the amDunls can be rneasured reliably. 8nd is probable that income will be ieceived. Cash donations are recognised on re¢&ipt. Other don8fitsn5 are recognised once the ¢harty has been notified of the donation, unless performance condthons require deferral of the amount. Income tax cOVerable in relaknon to donatstsns received under Gift Aid or deeds of covènant is recognisèd at thè time of th8 donatw)n. 1.5 ExndItre Expenditurè is rewgni5ed once there is a legal or constructive obligation to transfer econornic benefit to a third party, it 15 probable that a Iransler of eGonomi¢ bEn¢fi15 will be required in settletnenl, and the amounl of the obllyalion can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared cost8. including 5UPPOrt costs involved in undertaking èach activity. Direct costs attributable to a single acbvity arp allocated direclly to that activity. Shad $ts which Contribute lo more than one aclivrty and support costs which are not attributable to 8 single activity are apportioned betsveen those activities on a basis consi51enl with the use of resource5. Central staff costs are allocated on the basis of lirne spent, and depreciation chargès are allocated on the portion of the a6seYs use. 10-
THE HOSKING CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Accountin9 pollclgs (Continu•dl Resources expended Comprise charttable expenditure. This consists of the grants payable in fvrtherence of the company's objeo15 and resources expended on managing and administering Ihè company. 1.6 Flxed a8$et investments Fixed asset investments are initially measured at transaclion price exduding transaction costs, and ar subsequenly rneasured al fair value al each reporting dale. Changes in fair value are recognised in nel incornellexpendilurel for the year. Transaction costs are expensed as incurred. 1.7 Cash and cash equlvalents C8sh ar)d cash equivalents include cash in hand, deposits hekl al (zll with banks, other short-term IiquKI investments wrth original rnaturilies of three rnonlhs or less, and bank overdrafts. Bank overdrafts ara shown within borrowings in current liabilities. Basie financial assets Basic financial assets, which include dgb1015 and cash and bank balances, are initially measured at transaction price Induding transaction ¢osls and are subsequently carried al amortised cost using the effective Inleiesl method unless the arrangement conslilute5 a finanng transaction, where the transaction is measured at the present value of the future receipts discounted al a market rale of interest. Financial assèts dassified as receivable wrthin one year are not amoth'sed. Basic fiTn8nci¥I liabilities Basic financial liabiltties, induding crèditois and bank loans arè init1311y récognised at transaction price unless the arrangement conslilules a financing transaction. where the debt inslruTnent is measured at the present value of the future payments discounted al a market rale of interest. Finanual liabilities da$$tfi$d a$ payable within one year are not amortised. Debt instrumants are subsequentty carried at amortised cost, using thè èffective interest rale method. Trade ¢dItorS afe obligations lo pay for goods or service5 that have been acqulrerl In the ordinary course of oper81ions from suppliers. Amounts payable are classified as current liabilrties if payrnÈnt is duè wrthin onè year or less. If not, they are presented as non-current liabilities. Trade creditors are r8cogni5ed inilialty at transaction price and subsequently M¢aSu al amortised ¢o$t using the effective interest method. Derecognltlon of financial liabilities Financial liabilf(ies are derecognised when the charfly's contractual oblig81ions expira or arè dischargèd or Canceled. Ctical ac¢ounting e$tlmates and judgements In the application of the charty'5 accounting policies, the trustees are required lo make judgements. eslimales and assumptions about the carrying amount of assets and liabilities that ar@ not readily apparent from other sourcès. The e51imale5 and associated a55umplion5 are based on histori1 expèriènca and oth81 factors that are considered to be relevant. Aciual results may drffer from these eslimales.
THE HOSKING CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 In¢ome from donatlons and 1oga¢l Unr•strl¢tsd funds 2025 Unrg$tricted funds 2024 Donations and glfts 7,320 Ineom• from Investments Unrw4tricted Unre$trictod fund$ fund$ 202S 2024 Income from listed inve8tments Interest receivable 407,532 7,389 371,413 587 414,921 372.0 Ral8ing funds Unrestricted funds Unrestrict•d funds 2026 2024 Inv85trnenl management 39,003 34,719 39,003 34,719 12
THE HOSKING CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Grants p*yabltr Support costs Support costs 2024 2025 Grants to institutions.. Tempus Novo INO. 11570791 Sightsavers (No. 2075441 Together We Learn (No. 1165953) Team Domenic8 (No. 1165494} The Dawd Shaphard Wildlife Foundation INo.11068931 The Felix Projeci (No. 11681831 Hospice in the Weald (No. 280276) Lads need Dad5 C.l.C {Company No. 96269241 Thè King's Trust {No. 10796751 Double Impaci Projects (No. 11398651 The Jericho Foundation (No. 10370841 Sarnarilans (No. 2194321 Mind (No. 219830} Purple Shoots BusSness Lending (Nts. 11553851 Other 20,000 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 10,000 20,000 30,000 20,000 20,000 10,000 30,000 20,000 120,000 360,000 390,060 Grants and donations havè bèan mada to the abovè institutions in line with the Trust's principal objectives benefitting charitable causes. Other donations amount lo £120,00012024'. £1CQ,0601. This consists of AheIMer'S Society £40,000 12024.. £40,000), Disasters Emergency Committè8 £30,00012024-. £60.0001, Felix Project £30,00012024.. £nit). and Royal Commonwealth Society For The Blind £20,000 {2024.' £nill . All charrtios ara based and registered in England and Wales. Support costs allocat•d to activiti•s 2025 2024 Governance costs 10.795 11,029 Net movement in funds 2025 2024 The net movement in funds is Staled after chargingllcredilingl.. Fees payable for the audit of the charfty's financlal statements 7,560 7.000 13
THE HOSKING CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Trustse None of the trustees lor any persons connèctèd wllh Ihèml ceIVed any remuneration or beneffts from the charity during thè year. l(1 Employees There was no remuneration for key management personnel 12024.. nonè) and thèrè wère no employeas during the current or prior yèar. 2025 Number 2024 Numbgr Total There were no employees whose annual remuner8lion was more than £60,000. 11 Galns and10sseg on Inv•$knents Unrèstrlctèd funds 202S Unrestricted funds 2024 Gainsllfvjssès) arising on.. Revaluation of invgslmenls 712,361 454,832 12 Oth•r galn$ and losses Unrg$trl¢tsd funds 2025 Unre$tricted funds 2024 Gainsl(1955es1 upon.. Foreign exchang8 8,957 14-
THE HOSKING CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Flxgd a$$•t InStmants Llstsd inv•stments Cost or valuation Al 1 April 2024 Valuation changes Disposals 12,900,763 712,361 1713.1041 Al 31 March 2025 12.900,020 C•nying arnount At 31 March 2025 12.900,020 Al 31 March 2024 12.900.763 14 crltr$. amounts falllng dug wlthln oDg year 2025 2024 Trade cditorS Accruals and defarr&d incom8 376 9.879 8.851 10,255 8,851 15 Related party transactlons Thèrè were no disclosable related party transactions during the yèar12024'. none). 15-