Charity registration number 1183798 Company r¢glstratlon number 10528810 (England and Wales) HAYDEN FAMILY (UK) LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
HAYDEN FAMILY (UK) LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustèes R Hayden S Hayden Charlty numbèr 1183798 Company number 10528810 Registered office 17 Kensington Park Gardens London W113HD Independent examiner Gravi1811 LLP Aldgate Tower 2 Leman Street London E1 8FA
HAYDEN FAMILY (UK) LIMITED CONTENTS Page Trustees, report ststement of Trustees, responsibilities Independent examinels report ststemenl of financial activities ststemenl of financial position Notes to the financial statements 7-12
HAYDEN FAMILY (UK) LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The TrLJStees present their annLJal report and financial statements for the year ended 31 December 2023. The financial ststemenls have been prepared in accordance with the accounting policies sel out in note 1 to the finan¢i81 slalements and comply with the ¢harity's governing document, the Companies Act 2006 and 'A¢counling and Reporting by Charities.. Stslemenl of Re¢omm&nded Practice applicable lo charities preparing their a¢¢ounls in a¢cordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191" Objectives and activities The charity's objects are spocifically reslri¢led to, in each caso for the publi¢ benefit, the advancement of religion, science, literature or education, and the prevention of cruelty to children and animals, or such other exclusively charitable PLJrposes as the Trustees may be in their absolLJte discretion determined. The policies adopted in furtheran¢e of these objects have not ¢hange during the year. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what aclivilie5 the ¢harily should undertake. Achievements and performance During the year, the Charity made donations of £195,800 to various charitable inslilulions or inslilulions with funding ststus. Financial review Going Con¢ern After making appropriate enquiries, the trustees have a rsasonable expectation that the Company has adequate reUr¢&$ lo Continue in optrralional existence for the foreseeable future. For this reason they Continue to adopt the going ¢oncem basis in preparing the financial slalemenls. Reserve policy 11 is the policy of the charity that unreslricled funds which have not been designated for a specific use should be maintained al a level sufficient lo cover future commitments. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given lo ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The balance of reserves at 31 December 2023 was £995,417. Principal funding During the year the Charitable company did not hold any fundraising activities and all income was generated from voluntary donations. Investment policy The Trustees retain the power to invest in such assets as they see fit. Rlsk management The Trustees has assessed the major risks to which the ¢harity is exposed, in particular those related to the operations and finances of the Charitable company and are satisfied that systems are in pla to mitigate exposure to the major risks. Plan5 for future period5 The Trustees will ¢ontinue to support organisations in line with the Charity's objectives.
HAYDEN FAMILY (UK) LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Structurè, gov•mancè and manag8m8nt The company is registered as a members limited liability company and was setup by a Memorandum ofAssocialion on 16 December 2016 amended by special resolution dated 27 November 2018 and registered at Companies House on 4 Decerllber 2018. The company is constituted under a Memorandum of Association date 16 DecerNber 2016 and is a registered charity nurnber 1183798. The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were.. R Hayden S Hayden The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. The Trustee5' report was approved by the Board of Trustees. p7 R Hayden Trustee S Hayden Trustee 08 May 2024 Date..
HAYDEN FAMILY (UK) LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees, who are also the directors of Hayden Family IUKI Limited for the purpose of company law, are responsible for preparing the Trustees. Report and the financial statemenis in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi1. Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming reSoUrS and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistenuy., observe the methods and principles in the Charities SORP., make judgements and eslimales that are reasonable and prudent., slate whether applicable UK Accounting Standards have been followed, subject lo any material departures disclosed and explained in the financial slalernenls., and prepare the financial ststemenls on the going concern basis unless il is inappropriate to pSuMe that th& ¢harily will continue in operation. The Trustees are responsible for keeping adequate a¢¢oLJnting records that disclose with reasonable accura¢y al any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregLJlarities.
HAYDEN FAMILY (UK) LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HAYDEN FAMILY {UK) LIMITED I report to the Trustees on my examination of the financial siatements of Hayden Family IUKI Limited (the charity) for the year ended 31 December 2023. Responsibilities and basis of pOrt As the Trustees of Ihe charity land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 Ithe 2006 Act). Having satisfied myself that the financial stslemenls of the charity are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial ststements Carried out Ljnder section 145 of the Charities Act 2011 (the 2011 A¢tl. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 A¢t. Independent examiner'5 statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in ¢onne¢tion with the examination giving me Cause lo believe that in any material respect.. accounting records were nol kept in respect of the charity as required by section 386 of the 2006 Act,. or the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a rnatter considered as part of an independent exarnination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended practi for accounting and repong by charilies applicable to charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come 8cross no other mallers in ¢onne¢lion with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial ststements lo be reached. 4. 11 LLP Gravita 11 LLP Aldgate Tower 2 Leman Street London E18FA 10 May 2024 Dated..
HAYDEN FAMILY (UK) LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrèstricted Unrastrictèd funds funds 2023 2022 Notes Income from- Donations and legacies Investments 252,231 12,150 490,925 9,601 Total In¢om¢ 264,381 500,526 Ex enditure on.. Charitable a¢tivilies 201,011 119,762 Net Ilosstrsygains on investments 16,3381 5,410 Net movement in funds 57,032 386,174 Fund balances at 1 January 2023 938,386 552,212 Fund balancès at 31 Dècember 2023 995,418 938,386 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
HAYDEN FAMILY (UK) LIMITED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2023 2023 2022 Notes Flx•d assèts Investments 10 120,966 117,471 Currant assets Debtors Cash at bank and in hand 12 878,304 823,914 878,305 823,915 Creditors.. amounts falling due within one year 13 13,8531 13,0001 Net current assets 874,452 820,915 Total assets less Current liabilities 995,418 938,386 In¢ome funds Unrestricted funds General unrestricted funds Share capital 995,417 938,385 995,418 938,386 995,418 938,386 The company is entitled lo the exemption from the audit requirement contsined in section 477 of the Companies A 2006, for the year ended 31 December 2023. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting record5 and the preparation of financial 5tstemenls. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 08 May 2024 The financial statements were approved by the Trustees on R Hayden Trustee Company registration number 10528810
HAYDEN FAMILY (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollclès Charity inforrnation Hayden Family IUKI Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 17 Kensington Park Gardens, London, W11 3HD. 1.1 A¢¢ounting Convention The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Siatement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191" The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantsge of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not lo prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the fLJnctional currency of the charity. Monetary amoLJnts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost Convention. The principal accounting policies adopted are set out below. 1.2 Going concern Al the lime of approving th& financial ststemenls, the Trustees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable fulurtr. Thus the Trustees continue lo adopt the going concern basis of accounting in pparing the financial slaltrmenls. 1.3 Charltablè fund$ Unrestricted funds are available for use at the discretion of the Trustees in furtheran of their charitable objectives. 1.4 Income Income is recognised when the charity is legally trnlilled to il after any rfOrManCe conditions have mtrt, the amounts can be measured lIablY, and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised On the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received Ljnder Gift Aid or deeds of covenant is recognised at the time of the donation. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit and can be measured reliably. Support costs are those costs incurred directly in support of expenditure of the objects of the Charitable company. Governance costs are incurred in connection with the administration of the Charitable company and compliance with constitutional and slalutory requirements. Charitable activities and govemance costs incurred on the Charitable company operations, including support costs a apportioned to ¢haritable activities.
HAYDEN FAMILY (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (Continuedl 1.6 Fixed asset investments Fixed asset investments are initially measured al transaction price excluding transaction costs, and are subsequently measured al fair value al each reporting dale. Changes in fair value are recognised in nel incomellexpendilurel for the year. Transaction costs are expensed as incurred. 1.7 Cash and cash equivalents Cash and cash equivalenis include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.8 Financial instnjments The charity has elected to apply the provisions of Seclion 11 '8asic Financial Instruments, and Section 12 'Other Finanaal InstrLJments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitls balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the nel amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a nel basis or lo realise the asset and settle the liability sirnultaneously. Baslc flnanclal assets Basic financial assets, which include debtors and cash and bank balans, are initially measured al transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest rnelhod unless the arrangement constitutes a financing transaction, where the transaction is easured at the present value of the future receipts discounted al a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilitlgs Basic financial liabilities, including creditors are initially recognised al transaction price unless the arrangement conslilules a financing transaction. Financial liabilities classified as payable within one year are not amortised. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. Donations and legacies Unr&strlct•d Unrestrlctèd funds funds 2023 2022 Donations and gifts 252,231 490,925
HAYDEN FAMILY (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Invèstmonts Unrestricted Unrestricted funds funds 2023 2022 Dividend Income Interest receivable 11,954 196 9,560 41 12,150 9,601 Charitable activities Total 2023 Total 2022 Bank charges A¢¢ountsn¢y fees Professional fees Reallocated 363 4,573 275 15,2111 362 3,400 13,7621 Funding of 8¢tivities Isee note 51 Share of governance costs (see note 6} 195,800 5,211 116,000 3,762 201,011 119,762 Donation payable 2023 2022 Grants to institutions.. Royal Institute of Intemalional Affair5 National Portrait Gallery The Royal Marsden Cancer Charity Chatham House Cancer Research UK Garsington Arts Hub St. Paul's Girl's School Royal Opera House Antiochian Orthodox Society of Britain Garsinglon Opera 75,000 1,000 10,000 20,000 10,000 1,000 95,000 25,000 2,000 20,000 50,000 1,000 1,800 195,800 116,000
HAYDEN FAMILY (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Donation payable (Continuedl Support costs Support Governance ¢o$t$ ¢o$ts 2023 Support Governance ¢ost$ ¢o$ts 2022 Bank charges Accountancy Legal and professional 363 4,573 275 363 4,573 275 362 3,400 362 3,400 5,211 5,211 3,762 3,762 Trustees None of the Trusletrs lor any persons connected with them) received any remuneration or benefits from the charity during tho yoar. Employees The average monthly number of ernployees during the year was.. 2023 Number 2022 Number There were no employees whose annual remuneration was more than £60,000. Net Ilossesllgains on investments Unrestri¢ted Unre$tri¢ted funds funds 2023 2022 Revaluation of investments 16,3381 5,410 10
HAYDEN FAMILY (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Flxod ass8t Inv8stmonts Unlisted investments Cost or valuation At 1 January 2023 Valuation and forex changes 117,471 3,495 At 31 Dember 2023 120,966 Carrying amount At 31 D¢mber 2023 120,966 Al 31 December 2022 117,471 11 Financial instruments 2023 2022 Carrying amount of financial assets Instruments measured al fair value through profil or loss 120,966 117,471 12 Debtors 2023 2022 Amounts falling due within on? year: Unpaid share capital 13 Creditors= amounts falling due within one year 2023 2022 Accruals and deferred income 3,853 3,000 14 Sharè capital 2023 2022 Issued 1 Ordinary share of £1 each
HAYDEN FAMILY (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 15 Analysls of nat assets b&twe8n funds Unrestricted Unrestricted nds funds 2023 2022 Fund balanS at 31 December 2023 are represented by.. Investments Current asselsllliabilitiesl 120,966 874,452 117,471 820,915 995,418 938,386 16 Related party tran$a¢tlon$ During the year the charity entered into the following transactions with related parties.. Donations and gift aid of £252.23112022.. £490,925) were received directly or indirectly via a family trust from Richard Hayden, a Trustee of the Charitable Company. 12
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