Charity numb•r: 1183587 THE HARKNESS FAMILY FOUNDATION UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
THE HARKNESS FAMILY FOUNDATION CONTENTS Page Reference and admlnlstratlve detalls of the Charlty. Its Trustses and advl8ers Tru8t88s' r•port Ind•p•nd•nt examlnerfs report Stat•m•nt ol Ilnanclal actlvhJ•* Balance sheet Notes to tho f5nanclal statemonts
THE HARKNESS FAMILY FOUNDATION REFERENCE AND ADMINISTRATNE DETAILS OF THE CHARrrY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2025 Trustees Maria Philippa Arabella Harkness. Chair Henry Daniel James Webb. Trustee Gabriella Maria Harkness. Trustee Francesca Maria Harkness, Truste Lebba Maria Harkness, Trustee Edward William Mak Harkness. Trustee Charlty r•gl$t•rod numb•r 1183587 Prlnclpal offlce Penyrove Bodmin Comwall PL30 3HZ Accountants Calder & Co Chartered Accountants 30 Orary Street London WC2H 7HF Page 1
THE HARKNESS FAMILY FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2025 The Trustees present their annual rerx)rt t(NJether the financial ststements of the The Harkness Family Foundation lor the 6 April 2024 10 5 April 2025. Obl•¢tlve$ and a¢tlvltl•s a. Pollcles and obJectlvo1 The Chanty is establtshed for the relief of poverty and the thancement of". Edu¢81ion. Heallh or savi1i9 01 lives. Citizenship or community developmgnt. Arts. Culture. Heritage or Science, Human rights, Conflict r81VI or Reconciliation. Promotion of relwJious racial hamony OT equality 8nd diversity, Environmental pro19ctson ty improvomgnt, Relief of those in need, by reason of Youth. Age. 111-Heallh, Disability, Financial Hardship or olhar Disadvantage. And such other PUryKises rectynised from time-ttFtlme by the law as charitable. In setting objective5 and planning for aCtiVes. Trustees have given due Conseration to general guidance published by the Charity Commission relating to public benefit. including the guidance'Public benefit.. running a charity IPB21'. b. Maln a¢tlvltl•s und•rtak•n to furth•r th• Ch4rW$ purpo$ for th• publlc b•n•flt The Trustees are conscitsjs of the Charity ComMissn.$ stance on public benefit and are satisfied that the Charity has carried out ils 8ctsvilies during the financol year consistently wlh its purw)se, with due regard lo the Charity Commission'$ public bgngfrt guidance. A¢hl•vements and perfomi¥nce a. Key P•Tforni•n¢o Indl¢torn During the year the the Charity received £50,00012024'. £53.OCQI of income from donaiions. The irustees will utilise the income received lo achieve the charity's principal objeclive sel oul above. Flnanclal rwl•w . Going concern After making appropriate enquiries, the Trustees have a reasonab expectation that the Charity has adequate resources to conbnue in operational exislence for Ihe foreseeable future. For this reason, they conb'nue to adopt the going concern basis in preparing the financial siatements. Further details regarding Ihe adoption of the going concem basis can be found in the accounting policies. b. R•s•r•s pollcy The Charity's only asset Is cash held at Lloyds Bank. The Trustees believe that by building the cash reserves they can conb.nue to operale in pursuit of its ¢haritsble objecb.ves in the event insuffient income is generated. Page 2
THE HARKNESS FAMILY FOUNDATION TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 5 APRIL 2025 Structur•, gov•manc• and manag•m•nl a. Constltutlon The Harkrv&s Family Foundation is a registered charity, number 1183587. and is constituted under a Trust deed dated 20 NovemL*r 2018. Tho foundation gained eharilable stslus on 24 May 2019. b. Methods of appointment or •l•ctSon of Trust•es The management of the Charity is Ihe resw)nsits'lity of Ihe Trustees who are elecled and co-ople(l undgr the tems ol the Trust deed. c, Rolatod party relatlonshlps During the year, the Charity receive<l donations amounting lo £50.000 from M Harkness. who is a Iruslee of the Charity. Thgse donations were given voluntarily wthout any conditions attached, and the trustee r9¢eived no benefits in return. d. Fln•n¢lal rl$k m•nog•m¢nl The Trustees have assessetl the maior risks lo which the Charity is exposed. In p8rticu18r those related lo the OP9rations and finances of the Chafity, and are $atisfi8d thal syslems and procoduies arg in plac9 to mitigatg exposure lo the major risks. Fund$ hold •$ ¢u$todlan There 8re no funds held as Custcéian for other parlies. Page 3
THE HARKNESS FAMILY FOUNDATION TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 5 APRIL 2025 Stat•m8nt of Trust5. r•$ponslbllltl•s The Trustees are responsible fN preparing the Trustees, retN)rt and the financial stslements in accordance wth applicable law and United Kingdcrfn A¢unrK Standards (Uniled Kingd¢Jn Generally Accepted Accountsng Practi'cel. The18W 8pplicable lo charrti8s in Engl8ntJ & Wales requi the Twstees lo prepare financial sl8lements for each financial which give a twe and fair view ol the stsle ol affairs of the Charity and of its incoming resour$ and application of resources, induding its income arKI expendibJre. for that p8nc*J. In preparing these financial statements, the Trustees are required to.. select suitable accounting wlicies and then apply them consi8tenUy. observe the methods and prinuples of the charib.es SORP IFRS 1021. rnake judgmenis and accounting esbmales that are reasonable and prudent., slate whether applicable UK Accountsng SlaNJards IFRS 1021 h8ve been followed, subjocl lo any malersal departures disclosed and explained in th8 financial statements.. prepare the financial statements on the going concern basis unless il 18 inappropriate lo presume that the Charity will continue in businass. The Truslees are responsible I keeping adequale accwnting records Ih8t are Sufficient lo show and explaln the Charitys transactions and disclose th reasonable accuracy at any b'me the financial position of the Ch8rity and enable them to ensure that the financial slatemenls comply with the Charitses Act 2011, the Charity IAccoun15 and Reports) Regulations 2008 and the provisions of ihe Trust deed. They are also responsible lor safeguartling the assets ol the Chanty and her8 for takirvJ reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on th9ir behatl by.. Mar5a Phlllppa AralIa Harknoss ITrusleel Dale.. 15 December 2025 Page 4
THE HARKNESS FAMILY FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2025 Indèpèndènt •xamln•rfs r•port to th• Trnst••s of Th• Han•83 Famlly Foundatlon I't Charity'l I report to the charty Trustees my oxamination of tho accounts of tho Charity lor the year gndgd 5 April 2025. ResponslbllStles and basis of report As the Tnjstees of the Charity you are resrIble for th8 preparation of the accounts in ¥cordance wth the requirements ol the Charities Act 2011 Ilhe 2011 Art). I r8POrt in r8SP8Ct of my examination of thg Charitys accounts carri8d oul under section 145 of tha 2011 Act and in carry'ng out my examination I have fdlowed the appluble Directions given by the Charity Commission under sects'on 14515llbl of the 2011 Act. Indfrpendent examlnerfs statem•nt Your attenbon is drawn to the fact thal Ihe Charity has prepared the accounts in accordance with Accounting and Reporting by Charities.. Statement of Recomrnended Practice applicable to charitie5 preparing their accounts in ac¢ord8nce with the Fin8nci81 Reports'ng S18nd8rd 8pplthble in the UK and Republi¢ of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charilies." Slatemenl ol Recommended Practice issued on 1 April 2005 which is referd to in the exlant regulatn$ but has been withdrawn. l understsnd that this has been done in order for the accounts to pfovide a true and fair view in 8ccordance with the Generally Aept A¢¢ounting Practice effe¢lwe for rgporting PrS bgginning on or after 1 January 2015. I have completed my examinati. I confim) that no maiters have come to my attenllon In connedon with the fjxamination giving me cause to b8li8ve that in any malerial fespect.. accounllng records were nol kept in respect of the Charity as required by secfjon 130 of Ihe 2011 Act., or the accounts do not accord with those records.. OT the a¢¢otJnts do not comply wth the applicable requirements concgming the fomi 8nd content of accounts sat out in th• Charitias IAccounis and Raportsl Ro9ulations 2008 oth•r than any r•quirgmgnt that the accounts give a'tr¥Je ar fairf eW is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection Ihe examinatson to which attention should be drawn in this report irb order to enable a proper understanding of the accLJLsnts to be reached. Signed: Dated.. 15 December 2025 A KouplarKI ACA Calder & Co Chartered Accountants 30 Orange Street London WC2H 7HF Page 5
THE HARKNESS FAMILY FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025 Unrnstrlcted funds 2025 Total funds 2025 Total runds 2024 Incom8 from: Donations and legacie5 50,000 50.000 53,000 Total Incom 50,000 50,000 Expondltur• on.. Charitable actsvities 51,680 51.680 64,250 Total •xpondlturn 51,680 51,680 64,250 Net mov•m•nt In funds 11,6801 {1,680} (11,250) Roconclllatlon ol funds: Total funds brought forward Net movoment in lund$ 818 11,6801 818 (1,680) 12,068 (11,250) Total funds carrl•d forward {8621 1862) 818 Thg Siatemgnt of financial a¢tiwlies indudos all gains and losso$ rgcc*Jnisgd in thg year. The notes on pages 8 10 11 form part of Ihesè financial statements. Page 6
THE HARKNESS FAMILY FOUNDATION BALANCE SHEET AS AT 5 APRIL 2025 2025 2024 Note Flxèd as$•t$ CurTent assets Cash at bank and in hand 2,068 2.068 Current Il¥bllltl•s Creditors.. amounts falling due vthhin cffle year {2,9301 (1.250) N•t current Ilabllltl•8 l assets 1862) 818 Total assets I$ ¢urr•nt Ilabllltl•• Not1Sabllltl•s l a88•ts •xcludlng p•nslon a88•t 1862) 818 1862) 818 Totol net oss•ts 1862} 818 Charlty funds Reslricle(I funds Unrestricted funds 1862) 818 Total funds 1862) 818 Th9 linancial statomgnts wore approvg(l and aulhorised for issug by the Truslees on 15 Dgcemter 2025 and signed on their behall by.. Marla Phlllppa Arab•lla Harkn•$$ ITrusteel The notes on pages 8 10 11 form part of Ihese financial statements. Page 7
THE HARKNESS FAMILY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Accountlng pollcl•s 1.1 Basis of preparation of financial statements The financial ststements have been prepared in accordance th the Charitigs SORP IFRS 1021- Accounbng and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wth the Financial ReFM)rting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191. the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 and the ch8rib.es Act 2011. Thè financial slatemenis havo been prepared to qive a 'tru8 and fairf view and have departed from the Charities (Accounts and Reportsl Regulations 2008 only to the extent required to provide a 'true and fairf view. This departure has involved following the Charits"es SORP IFRS 1021 published in October 2019 ralher than the Accountsng and Reportsng by Charitses.. Statement of Recommended Practicg effgdive from 1 April 2005 whth has sinco tr4en wthdrawn. The HarkrsS Family Foundation meets the definition of a public b8nefrt entity under FRS 102. Assets and liabilities are inib.ally recognisod al historical cost or transaction value unless Othemise stated in the relevant accounling FK)Ii¢y. 1.2 Income AJI income is reCcnised once the Charity has entiuemenl to the income, il is prob8ble that the InMe wtll bg rgceived and the amount of income receivable can be measured reliably. 1.3 Exp•ndbtur• Expenditure is recognised once therg is a legal or nStructive obligaknon to transfer enOMiC benefit to a third party, il is probable ihat a transler ol economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expendiiure is classified by aclivty. The costs ol each activity are made up of the lotsl of direct costs and share¢J costs, including support costs involved in undgrtaking each activity. Direct costs attributable lo a $in919 activity are allocated dirgctly to that activity. Shared costs which contribule to more Ihan one acbvity and support cosis which are not attributable lo a single aclivity are apporthjned between those activilies on a basis consistent wth the use ol Te50urces. Central staff costs aro allocated on Ihe basis of time snt, and depreciation charges allocat80 on the poruon of the asset's use. Expenditure on charitabl8 aCtilIeS is incurred on direclly undertaking the activities which further ihe Charivs obj'ectives, as well as any associated support cosls. All oxpenditure is inclusive of irre¢oveTae VAT. 1.4 Cash at bank and In hand Cash at bank and in hand indudes cash and short-lemi highly liquid investments with a short maturity of three months or less Irorn the date of acquisition or opening of the deposit or similar account. Page 8
THE HARKNESS FAMILY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Accountlng pollcl•s Icontlnu•dl 1.5 Ll•bilities and provislon$ Liabiltties are recc4Jnised vthen there is an obligation at the Balance sheet date as a result of a past event, it is probable that a iransfer of economK benefit will be required in settlement, and the amount ol the settlement can be estirnated reliably. Liabilities are rg¢tyJnisgd at the am¢xJnt that the Charity antiopatss it will pay to Sgttle the debt of the amount it has received as advanced payments lor the 9)dS or services it must provide. Provisions are measured al the best estimate ol Ihe amounts required 10 settle the obligation. Where the effect ol the lime value of money is material. Ihe provision is based on the present value ol Ihosa amounts. discounted at the pre-tax dinI rat8 that reflgcts the risks specific to thg liability. Th8 unwnding of the discount is recognised in the Statement of financial activities as a finance cost. 1.6 Flnanclal In•trum•nt• The Charity only has financial assets and financial liabilities of a kind that qualty as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al their setuemenl value the excepti of bank 108n8 which are subsequently me8sured al amortised cost using the effective inleresl Meth. 1.7 Fund accountlng General funds a unreslricled funds which are 8V8i18ble for use 81 the discretion of the Trustees in furthgrance of the general objectivgs ol the Charity and vthich have not bggn designated for other purposes. In¢om• from don•tlon$ and legacl Unrnstrbcted fund$ 2025 Total fund$ 2025 Tol81 funds 2024 Donations 50.000 Page 9
THE HARKNESS FAMILY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Charitable activitss Unrestr5cted Endowment funds funds 2025 2025 Totsl funds 2025 Total funds 2024 Accountancy fees Donations 1,680 ,000 1,250 63,000 51.680 51,680 64.250 Tot812024 64.250 64.250 Ind•p•ndent •xamln•rf8 remun•ratlon 2025 2024 Fees payable lo the Charivs independent examiner for the independent examination ol the Charivs annual accounts 1.250 1,250 Tru$t•••' remun•ratlon and •xp•ns During the year. Trustees recewed any r8muneraticffl or oiher benefts (2024- £NILI. Durlng tho ygar onded S April 202S, no Trust00 oxponsos havo bg•n incLJrrod 12024 . £NIL). Crndltors: Amounts falllng due wtthln on• ywr 2025 2024 Trade creditors 1.680 1.250 Accruals and delerred income 7,250 2,930 1,250 Page 10
THE HARKNESS FAMILY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Summary of funds Summary of funds - curront year Balance at 6 April 2024 Balance at 5 April 2025 IoMe Expendlture General funds 818 50,000 151.6801 (8621 Summary of lund• - prfor year Balon¢e al 1 Apnl 2023 Balgncg al Income Expenditur8 5 April 2024 General fvnds 12.068 (64,250) 818 Analy81s of net a$s•ts b•tw••n fund• Analysls of n•t as8•ts b•tw••n funds - curr•nt y•ar Vnr••trl¢t•d funds 2025 Total funds 2025 CUrn1 assets Creditors due within one yyar 2,068 12,9301 2,068 12,9301 Total 18621 18621 Analysls of net assets b•tw••n funds - prlor y•ar Unrestricted Endowment funds lunds 2024 2024 Total funds 2024 Current assets Creditors due within one yEar 2,068 (1,250J 2.068 (7,250) Total 818 818 Page11