Charity registration number 1183798 (England and Wales) Company registration number 10528810
HAYDEN FAMILY (UK) LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
HAYDEN FAMILY (UK) LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | R Hayden |
|---|---|
| S Hayden | |
| Charity number | 1183798 |
| Company number | 10528810 |
| Registered office | 17 Kensington Park Gardens |
| London | |
| W11 3HD | |
| Independent examiner | Gravita II LLP |
| Aldgate Tower | |
| 2 Leman Street | |
| London | |
| United Kingdom | |
| E1 8FA |
HAYDEN FAMILY (UK) LIMITED
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Statement of Trustees' responsibilities | 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 - 12 |
HAYDEN FAMILY (UK) LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
Objectives and activities
The charity's objects are specifically restricted to, in each case for the public benefit, the advancement of religion, science, literature or education, and the prevention of cruelty to children and animals, or such other exclusively charitable purposes as the Trustees may be in their absolute discretion determined. The policies adopted in furtherance of these objects have not change during the year.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
During the year, the Charity made donations of £4,500 to various charitable institutions or institutions with funding status.
Financial review
Going Concern
After making appropriate enquiries, the trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
Reserve
policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level sufficient to 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 to 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 2024 was £1,021,383.
Principal funding
During the year the Charitable company did not hold any fundraising activities and all income was generated from voluntary donations and investment income.
Investment policy
The Trustees retain the power to invest in such assets as they see fit.
Risk management
The Trustees has assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Charitable company and are satisfied that systems are in place to mitigate exposure to the major risks.
Plans for future periods
The Trustees will continue to support organisations in line with the Charity's objectives.
- 1 -
HAYDEN FAMILY (UK) LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, governance and management
The company is registered as a members limited liability company and was setup by a Memorandum of Association on 16 December 2016 amended by special resolution dated 27 November 2018 and registered at Companies House on 4 December 2018.
The company is constituted under a Memorandum of Association date 16 December 2016 and is a registered charity number 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 Trustees' report was approved by the Board of Trustees.
.............................. R Hayden Trustee 29/8/2025 Date: .............................................
.............................. S Hayden Trustee
- 2 -
HAYDEN FAMILY (UK) LIMITED
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees, who are also the directors of Hayden Family (UK) Limited for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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 resources 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 consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at 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 irregularities.
- 3 -
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 statements of Hayden Family (UK) Limited (the charity) for the year ended 31 December 2024.
Responsibilities and basis of report
As the Trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.
-
2 the financial statements do not accord with those records; or
-
3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
-
4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
................................ Colin Mills
Gravita II LLP
Aldgate Tower 2 Leman Street London E1 8FA United Kingdom Date: ............................ 29/8/2025
- 4 -
HAYDEN FAMILY (UK) LIMITED
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 2 | - | 252,231 |
| Investments | 3 | 30,468 | 12,150 |
| Total income | 30,468 | 264,381 | |
| Expenditure on: | |||
| Charitable activities | 4 | 8,503 | 201,011 |
| Net (losses)/gains on investments | 9 | 18,006 | (6,338) |
| Net movement in funds | 39,971 | 57,032 | |
| Fund balances at 1 January 2024 | 995,418 | 938,386 | |
| Fund balances at 31 December 2024 | 1,035,389 | 995,418 |
The statement of financial activities includes all gains and losses recognised in the year.
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.
- 5 -
HAYDEN FAMILY (UK) LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
| Notes Fixed assets Investments 10 Current assets Debtors 12 Investments 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities The funds of the charity Share capital 15 Unrestricted funds |
2024 £ £ 129,390 1 388,416 521,326 909,743 (3,744) 905,999 1,035,389 1 1,035,388 1,035,389 |
2023 £ £ 120,966 1 - 878,304 878,305 (3,853) 874,452 995,418 1 995,417 995,418 |
2023 £ £ 120,966 1 - 878,304 878,305 (3,853) 874,452 995,418 1 995,417 995,418 |
|---|---|---|---|
| 995,418 | |||
| 1 995,417 |
|||
| 995,418 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
29/8/2025
The financial statements were approved by the Trustees on .........................
..............................
R Hayden
Trustee
Company registration number 10528810 (England and Wales)
- 6 -
HAYDEN FAMILY (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
Charity information
Hayden Family (UK) 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 Accounting 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: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts 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
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under 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 to 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 statutory requirements.
Charitable activities and governance costs incurred on the Charitable company operations, including support costs are apportioned to charitable activities.
- 7 -
HAYDEN FAMILY (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
(Continued)
1.6 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
1.7 Cash and cash equivalents
Cash and cash equivalents 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 instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net 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 net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes 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.
2 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Donations and gifts | - | 252,231 |
- 8 -
HAYDEN FAMILY (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
3 Investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Dividend Income | 30,201 | 11,954 |
| Interest receivable | 267 | 196 |
| 30,468 | 12,150 |
4 Charitable activities
| Bank charges Accountancy fees Professional fees Reallocated Funding of activities (see note 5) Share of governance costs (see note 6 6) |
Total 2024 £ 241 3,762 - (4,003) - 4,500 4,003 8,503 |
Total 2023 £ 363 4,573 275 (5,211 |
|---|---|---|
| - 195,800 5,211 |
||
| 201,011 |
5 Donation payable
| Grants to institutions: National Portrait Gallery Chatham House Cancer Research UK Garsington Arts Hub St. Paul's Girl's School Royal Opera House Antiochian Orthodox Society of Britain Garsington Opera |
2024 £ - - - - - - - 4,500 4,500 |
2023 £ 1,000 95,000 25,000 2,000 20,000 50,000 1,000 1,800 |
|---|---|---|
| 195,800 |
- 9 -
HAYDEN FAMILY (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
6 Support costs
| Support costs | ||
|---|---|---|
| Support costs Governance costs £ £ Bank charges 241 Accountancy - 3,762 Legal and professional - - - 4,003 |
2024 Support costs Governance costs £ £ £ 241 - 363 3,762 - 4,573 - - 275 4,003 - 5,211 |
2023 £ 363 4,573 275 |
| 5,211 |
7 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
There were no Trustee expenses paid in the year.
8 Employees
The average monthly number of employees during the year was:
| 2024 | 2023 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
There were no employees whose annual remuneration was more than £60,000.
9 Net (losses)/gains on investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Revaluation of investments | 18,006 | (6,338) |
- 10 -
HAYDEN FAMILY (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
10 Fixed asset investments
| Cost or valuation At 1 January 2024 Valuation and forex changes At 31 December 2024 Carrying amount At 31 December 2024 At 31 December 2023 11 Financial instruments Carrying amount of financial assets Instruments measured at fair value through profit or loss 12 Debtors Amounts falling due within one year: Unpaid share capital 13 Current asset investments Short term funds 14 Creditors: amounts falling due within one year Accruals and deferred income |
Fixed income funds £ 120,966 8,424 129,390 129,390 120,966 2024 2023 £ £ 517,806 120,966 2024 2023 £ £ 1 1 2024 2023 £ £ 388,416 - 2024 2023 £ £ 3,744 3,853 |
|---|---|
- 11 -
HAYDEN FAMILY (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
| 15 | Share capital | 2024 | 2023 |
|---|---|---|---|
| £ | £ | ||
| Issued | |||
| 1 Ordinary share of £1 each | 1 | 1 | |
| 16 | Analysis of net assets between funds | ||
| Unrestricted | Unrestricted |
||
| funds | funds | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Fund balances at 31 December 2024 are represented by: | |||
| Investments | 129,390 | 120,966 | |
| Current assets/(liabilities) | 905,999 | 874,452 | |
| 1,035,389 | 995,418 |
17 Related party transactions
During the year the charity entered into the following transactions with related parties:
Donations and gift aid of £NIL (2023: £252,231) were received directly or indirectly via a family trust from Richard Hayden, a Trustee of the Charitable company.
- 12 -