THE HUBB FOUNDATION (LIMITED BY GUAFiANTEEI AUDITED REPORT AND FINANCIAL STATEMENTS 31 DECEMBER 2024 Comwy Reg8tr8tl)n Number. 11707418 Registsra CIMrity Number.. 1186026
THE HUBB FOUNDATION CONTENTS LEGAL AND ADMINISTRATWE INFORMATION TRUSTEES, REPORT STATEMENT OF TRUSTEES. RESPONSIBILITIES INDEPENDE AUDITOR'S REPORT TO THE TRUSTEES 7-10 STATEMENT OF FINANCIAL ACTIVITIES 11 BALANCE SHEET 72 STATEMENT OF CASH FLOWS 13 NOTES TO THE FINcIAL STATEMENTS 1*24
THE HUBB FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION REGISTERED OFFICE Th? itehJse 566 EINria Roa<1 Nerastle Undw Lyme Staffordshire ST5 OSU TRUSTEES Mr D D O'Neil Mfs H J Sawyèrs Miss P M Arnigon Mi6sNMBa Mr M Stanyer Mr J D E&les MT J J Hibberts BANKERS Natwest Bank 75 High Street Newtastkn-undr-Ly staffordth.rn STS 1PN AUDITORS 29 King Street Newcaslle under Ly Stsffwdsh ST51ER REGISTEREO COMPANY NUMBER 11707418 REGISTEREO CHARITY NUMBER 1186028 Pègo 1
THE HUBB FOUNDATION TRUSTEES, REPORT The Tru$tees present their rwl and the audrted finanrial 6tatenRnts of the tharity forthe year ended 31 December 2024. The truslees have adowed the provisions rf Statement ol Recommended Pr¥¢ti¢¢ ISORPI 'AccoLM)ting and Rèprytr"ng by che5. In prepwirvj the an[1 rop)rt and financthl stat8ments oflhe charty. The financAal statements have been prepared in ac¢oidan¢e wth the accountkng pollcies 8#t out In tho rts3 to the aOunt9 and Comp vAth the charity's govaming dcthmgnL the Charities Act 2011 and A¢counting and Repoiting by Charities." Statr11 ol RaWnmerd Pra¢tl¢i app1ka& tr) ¢harftl&s pr8paring their accounls in accordance wilh the Financial Rewb"ng Standard applicaNe in the UK and Republ of Ireland IFRS1021 published in Crtober 2019. STRUCTURE. GOVERNANCE AND MAMAGEMENT Gov•mlng Documfjnt The organisalion is a ¢hgritsble compony limited by guarantee Tr ctynpany estsbll$hed under a Memorandum of Association, vthieh èstablished the obpds ptrw•rs oftha tharitabk company and 68 gov¢m¢d under Its Artides of Ass0ciatK. dated 3 Dec¢mber 2018. In the enI of th8 company bein9 wound up. m•mbers wo reouired lo contribute an arnount rK< exceejing £1. R8crultrnwt •ndAppolntffl•ntof TnMI• In o¢¢ordan¢e with the Artides of Aosockqtion. the Irustee8. are referred to as MembeT8 oppointed Members when they becow Directorn. Any p•wn wholg willing lo bo * re6kn, and vtho is perrTthd Iwto do , may be appolntsd to be 8 Direclor by r•$olutn olthe Directors. The chartty maintaini a reg'8ter of M¢mb¢rs. )nd •ny p¢r¥on rA•thg kn be • Membgrls r¢mov•d from th• r•gl$ter. A Memtygr $h•ll lo M • m•mtw11 th•y (•} to • drtsr, or Ibl dl•. rrnJtM Indu¢Uon •nd Tralnlng N¢vrf Iru$¢o¢$ a supplied vAth the Chwity Comrnisglon pubk8Uon, 'Th Egsenti81 Trustee.. What You Need to Know, 8kng the M8mornndum #nd Aitltss and h Lgte$i finon¢K918latwn•nts. K•y M•n•g•mwtP•rnonn The Board of Tmst8•8 eon8ider ttwt tw. together the Chwity'l Chief OFratr'ng Offi'cer, Operations Manager and Fln8nc• Manager tho Key Maroyemenl Perv)nnel. The Trustees gN• Ihafir time freety. Tly we resp)nslble tc( 4nThJal VieW1n9 the pay and remuneratkn olthe Chl¢f Operating oifw, Operati5 Manager Finance mager. The Chief Operating oirer and FIar Offur. revlw rgmurwo1tr)n nual{ for all other $18ff, alory$ld• th• toard of Trustees. A number of critwia are used en seth'ng pay Includlrg." The nature of th¢ and respons*)ilities Infiat'on The financial pogrtion of the Cha Sector salaries for comparable positions NatK)nal Minimum and Livin9 Wage rate5
THE HUBB FOUNDATION TRUSTEES, REPORT Riisk Mwiwmont The tru51ees have con%dèred in detail the risks facang thecharity. th2 cfjntrols in pl%e to miiigatethose risk5 and action plans to deal wth tho9¢ •rea3 vthere contro15 COU be enhanced. The trustees believe that they have apwopriate controls in plxe. cornmensurate with the sEe of the organisatKJn and their cost èffe¢tivene53, to mitigate the iisks ttlenb"fi. Thè truslees lÈW and update the assessment of the risks tscing the charty, together Wblh an as5£ of th¢ c¢ntrd5 on a wular basi•. Oryantsation•l Struclurn Undar lh Arti¢les of As80ciation. the busfinass oflh• Twl i¥ mnwged by tha Membgr5h. Meeb'ng$ can te caHed at any lime by arry rneMr of the Membwth"p. No $hall te tronsa¢ted unle88 8 quorum is present. A Member wa entitked to apponl another person as his prnxy, In awdancN¥th th• Act, to Ir¢I$8 911 or any of his rlghts lo attend and to speak and vote at a meeting ofthe charity. OBJECTIVE8 ANO ACTIVMES FOR THE PUBUC BENEFIT Ch•rft•bl• ObJ•edv•8 The charity's obJecth"v•s ar• r¥trtt•<l onty for tho publK benefit.. to lh• relydf of young people their f8rri1is In need because of youlh. financial hard¥hip or other dls&dv8nWe opecrficawy but rt excluiivaly through their lelsure trrne athito 8nd de¥doy"rg thatr phy$lc91. mental and spiritual Capabili63 so that they may grv•V to Ity mglurty a$ lTrJNu91$ and Conlribuw members of iociety. Publle 8•n•fft The truste65 confirni Ihat thty hova referred to the guKlance cortained in the Charity c[MIsSln, 9en¢ral guidance on publlc b•n•fil wh•n rtthing th• TruiV8 •hiis Jnd objectfve3 and In lannlng fijturn activtti88 and 8•tt1ng thè gmnl rnakln9 fry ts •r. FUNUI¢AISIN(7 The Charty does not cary out 819nlfi¢ant ndra1j Kv11. ACHIEVEMENTS AND PERFORIAANCE Tha Hubb Foundalk?n's ¢ore athty is to wpport ¢hldr•n #nd thelrhnil duihg Khty)I hollday? wlth fun, free a¢tivilies, food. The Hubb FOundatn focus on a Btralegy thatwould pul us al the forefronl as lead Coaordinator of the DepartrT*nt lor Educakn'on (DfEI PloIayAGtWltleS and Food IFNFI programme and the currenl frjrnding for this was 8a¢urèd in 2021 and Nns until January 2025. Wrth HAF lunding th¢ d¢lNery incTeas¢d in 9cabe in 2022 and fiJthef inueased in 2023 b8forè rntaining the same level of lundin9 finarKa for 2024. The Hubb FouThdaknon in partnarnhlp wlth the Slake-on-Tr•nl rAty council d•livered the fvloKfjng for ¢hlhJr•n and ytwng pecple who •ttonded Ihe HAF prOvisn.. Eat rnore heajlhity over thè h¢lxJayg. Be more actNe during the hCo1 holidays. Take part In èn9aging and enrichHig aGtNiti"eg Ivknich $UPFUt tho ¢JevekJpm6nt of Tejilience, character and wellbeing along wrlh wider educational thnm8nf). Be safe and not lo be SOCAally isolated. Have a greater knovAe(Ige ol health and nutribon. Be more engagedwth school and other SèF¥ice8 and hmgreater knowi8dg8 and awar•ne$s of all h¢liday club provision. Page 3
THE HUBB FOUNDATION TRUSTEES, REPORT Our programme compr$ of ¥ wd6 range of sports and physical actNthes that chauewe individual and team endeavours, creative tssks such as arts and ¢r¥ft8 Ind our wide r4nge of erwichmènl 8ctivitiès. Exarnples ol these indude.. Muki-SPOrts, Arts & Crafts, Bu3h<raft. Amimal Handling, D J Workyhops, STEM activrtJ", Dance. Singiry. Musical Tr, Magic. Coding, Food Education, Clbmbing vra116, Trampoliniry, Mu3K Production, IMuslTatKsn. ceing. visits to the Beach k1rfe Parks, Stables and FarmAniMS. In 2024. The Hubb Foundation coordinated a total 011,574 s8s&on acr035 three mgin holiday periods of Easter, th• summ¢f and th¢n fln81ty Chrlstma8. Tbe8e se8$k)n$ provided 46.488 place8 and opportunth'es for ¢hibJrpJ) and fomds to o¢¢e8$ provisions. Throughout th• year. we engaged with 7.824 uniqua Ll(tr8n Wtho aliended at12a8t one jess over the $1 days of ¢Jellvtry. 82% of Ihese chiMr8n Klentified erArICa1Y as SEND. Our contract framelrk mean8 ie project attendeeg must b• at kn8s185% flèe med qualfyiry the actual ffigure acro all participants wa$ 90.3%. We worked 353 different partners and organisations demonstrating a stron9 reach, inclusivity and v¥luo for ffney. ourtg ¢ur 2024 Eo8t•r hothday ¢Nklw att•J•J wlor to Eo¥ter Sund•y each gNen an Easter 899 whi¢ had thjnaled through our exten#ivè n6knrk of p•rtner8 and businesses. Our Summer ddlvery saw the Hubb Foundaiion pro%Ae ib milOnth meal since inception back in 2018. R8lh¢r thon 8 ¢¢knbration of the rnikntone, il was 8 ceknbration of the vajt nefvrk of partn•r$ 8nd ¢4)mlng togeihw of or9anigatioM th• oty to •upw¢ th081 ffK)$l need. Lord 38mford and JC8 •taff donated over 2.000 Chri8kna8 pw•8 dIrY to tha Hubb to Ilstrfknut• •cr¢s$ our n4fvrk of 8thodg. community groups ond orgorni8oUon•. Lo¢01 bus1$8•9 also donated a fvrth?r 45Q presents meanin9 or¢9 2,500 pr¢Mnts w•r• provthd ac¥ou Stoke4Jn-Tr•nt lo children att•nding holid•y 8$0. Th¢ HAF ¢ontract extenw'on wa• confirmed by Ihe Department for Education to provide mLKh nadd lundinp uniii January 2026. The Hubb Foundathn are placod cn th• national sleering group to hdp th6 thJnding n•tvJn4y afy ?11 n the aword panel for notional providor recognlty'on. Tho Hubb foundab'on wore 8w8thd fun(&'ng from the Nalional Lottwy awards loraH grnThl And d•liv•red 12 ¢)MMUnIty cookery ItlOn¥ in partnorshlp wih fv¢ local pwlner tygAnlJalions a$ part ofrtl Aword? for All proje¢t. The aim w•# to Lpakd cormiunrty members in prep#fi19 hèalihy, n(Itrit)u8 meal¥ •t home. SeB8ion8 were tailored to •ach venue, with some invokng hands-on cookiw alongside derThJnstralor 8nd othern off•ring tJ•mon8tr•tKn8 V•ith tske-home moals or in9redn. Eath venu• received a fulty equipped cooklng 8tsb.on lo support orrfwing delivery of cookery acbvities beycnd the prolect The programm8 h•lpe<l build ¢fjnfid in cooknng from scratch a8 9 hedthy and Affordable opt, while also strngth•ning the ¢apxity of c4Jmnymity venues to run futura 58s1ion5 independeTrUy. S8ssions wer¢ d¢liv¢red ¢hibJren, aduts, and mixed groups, suppothng In¢SiV1 learning and long- lemi impact. 104 partiC4pants. The proj8¢1 ho919KI groun0forl1taInIble forxl education In local 8ettings. A¥ port of (he Communty Inv•stmenl Fund (CIF) 8r(led by Stoktron•Trerrt City CourKil, £1,181 was Ilocated to support caprtal inv$Int irn branded mwketing resouces for Tho Hubb Foundation. Thi8 fvnding was used to purtha8e branded tabledoths. fflags, and • wtat4& popup ba¢kdrop to enhance the charity's ¥isibilty at public-fn9 events. Th•$• r•sour¢•s have enat4ed the chty to prosenl a profes$ional and consistent identity at ¢ommunty engagement days. bJsin* netwo ¢v¢nts, #nd $takeh)kJer etIngS. Thè inve¥trnenl irecuy 3upports efforts to raise awarenes$ of ts tharity's wvrk, imwov• outr•a¢h, aTra stmngthèn recognitj'on acros5 key audiences. Page 4
THE HUBB FOUNDATION TRUSTEES, REPORT Ourin9 2024, delNered four roLtt7ds of our highty Praed Hubb Potts proje< donatsrng a total ol S19 air tytrs and 457 0W cookers to 881 househokls across Stoke-oFFTrenl. The Hubb Pots prtsiact provides an airtyer OT ¥kw cooker. xcess to food supplw. recipu. and liitM-ernFwering families to prepare he4thy. budw-friendty rneal¥ arKI encoufagwig better CO.n9 habits at home. At the heart of th& project 13 an ethos to hdptsmilK•sto up8killtheYcookirg ski15 by tehIng them and theirchiklr&n how lo cook heatthI on a bud9èt. The Hubb Pots proJ•X stfick a pLast•r on a proÈ4•m, It genuinely and sustainabty hdps familieB. The Hubb Foundat akn conlinued d•lfvring our impacthjl Hubb Cbb proi&cL fvnded by Ih govemrnenf? Know Ycmjr N819hbourh¢4)d initi•tfv• yia tho Commmity Fomdabon. Thè project airned tr) increase voltsnt8ering gnd t¥¢kle kn6lines$ a¢ross our commurt1. We worked in p8rtnergh¥i with five trusted organisatlons.. Chen Area Ath'on Gmup, Mk1Eknport Mattets, Proi8ct Indi, Port Val• Foundation, and Stoke Cty Communty TfU8t. ThroOut the ye¥. the proje¢t recruited 35 volunteerg who wchtd 160 isolated and bnety indNiduaJs. VO1? wefe 8upportèd wth Irainlng, guldjnce, and ongoing erKouragement Throvgh home visits. lrfendty phon¢ cah. and tncouraging attend4nco t local events, th8 volunte•rs hp bulkl vknern peo (ce felt akjne. helping them to redi3cover thoir indep•nd¢nc¢. We contlnued to P8rtn•r wilh MIddpOrt Mattthy Communty Trult to deor the DiBcover Mlddlepejt projeci, lunded by St0k•&on-Trw8 Shared Prts¥perity Fund. Th• woject aimed to help families explor¢ nd conne¢t wrth the kn¢al nevJhts)L¥hcod through engagkng. cr•alfv6 activfti•s. W• organ181d four themed o¢s$n9 during Ihe year. Vth lood provmlod at •a¢h 8v¢nt In hne wlth Th• Hubb Found81ion'8 ¢ommitment to tackling hunger. Al M88ion• wer¢ fulty book¢d, wlth a total ¢1 190 10¢81 famili88 tsklng part Ihrou9hout the ye8r. In FebnJ8ry HaifT•rm. Nurtwed Through Nature led forest School and frr¥gin9 activit, helping famils cr84ts n•ture-in•yred desiw#. Durin9 May Hall Tèrm, Gffted Workshops CIC ran a DJ workshop whe16 lamilim rec£fded hcal undS and turned them into mu81C. A prof8mn41 pt guided in trrtng poems in8pY6d by Mi&Jl8po$ kndmark and nolur& uring September half term and during the Chrisbu• hdid•y perJ. Chloe 8reeze llluytration8 helped families d¢8ign ¥ murol rofl¢cng the area's green spacas aThJ hailay buding•. Thè Hubb Found8lx recruited a further 3 Tru8tee8 in 2024. adding much rwde(l experience ar valuable gklll sets to th¢ Charl¢y. Our ft>under was a150 egcalated from TnJst88 to Patron for h•r Invaluabkn support and rJrk drl¥ing the Hubb forId. FINANCIAL REVIEW AND RESULTS FOR THE PERIOD Ag4in¥l a thallenging fundlng ¢nvlronwt. the Chority h•s Jtill been able to plan. devdop and expand our 8efvi¢e$ Compare to the pwous yèar. We ore Bratefvl to Ihe Nmerouy indivléuals and ¥upporter¥ who have made donatKsns to th• Charity and therefo made a vthable cOntributn to tha fvrthèrarKe of our work. Trugt••8 8re otso grt•fpJ to al. oryanisations. aThl nabond. WIKJ have fm•n¢F3lly supported ourwork durtrrfJ 2024. We would paUlartY like to ttnk the fol0*v for thelr dolt)s, GMB Union, SYEtiCs SolutionB, Go<ld•rd Dunbar & Associates Ltd, Rebus Traning Ltd. Shanahan propertiey Ltd and JCB. In th• opirnK)n of the trustees. thtr drIty's assels are to fiAfiI tho oblWh)n¥ ofthe ch¥rity. Net expenditu for the year was £6,57312023.. £116,776), ¢ongistsng of restrthd net expenditure of £45,274 12023.. £102.110} unrestrthd net Irome of £38.701 {2023'. expencliture £14,666). Retained fund$ al th¢ year-end were £187,716 12023.. £194,289). consiBling of reJtrKted fijnds of £24,87412D23.' £70,148) and unrestr'cted fvnds of£162.84212023". £124,141).
THE HUBB FOUNDATION TRUSTEES, REPORT FuRE PLAN8 .Th8 charity an9 to devebp th$ HAF ps1Onfi1rthwkn 2025 by Inueasing ournatssDrt( ofenrithment providor¥ irrease the dwerslly of a¢blieS to engage and prowje moro opportunWss lo chIldn and young peopl$. The charty 3 to continue to d8valop rotyjst assurance frameworks 10 measur& qualty of provision be nnuaty providgthg hl9hest lev8J ol provlglon. Follj the $ucce88 oftht 2024 Hubb Pots projec( the charity b& 89ing furthor bthdlw lo inuease lh6 3cope of the project and further expand 'Hubb'. The 11 aL80 be 8eeklng ndIng to d0P Ihe Hubb pJt¥ PToje¢t Incorporating alrfwisto uea3e meal variationsforfaMiesaTrj redu¢e onergy COOn9 costs. Further fijnding wlll bo sourc to expand anij develop th• h&hly 1Uttfvl 'Hubb dub. project to engage with morelsolated and vulner4bh widNldual8. Tho Charity 11 also look to eynd the raThJ¢ of pmie¢ts d1¥d th IIM ¢harftsbl& oF4ects to dlverslfy fundln9 8tr64m& whlhl ttr)kng lor opportunHies to exparvj reach to the clty and 8urroundlng areas. INVESTMENT POUCY The trustees 8r6 aulhorfsed by lh¢ eMandUm and Arlkfe8 ol AsBociai•)n to invest mon8 not Immedlately roqulred for the ¢harOty'$ own PU afi•r obtatnlr4 advictr fmm a financlal expert. havlng regard to the sutsb511ty of Inve#bmlS and the need for dfv8rnlfi¢atlon. RESERVES POLICY The trusleè8 ha examlned the chorfty's for r•upM CAn8O th• maln rfBk8 lo the organlsab'on. It has e$tsbllshed a pollcy vthereby the um8trkted fvls not cornmltted or Invesled In tanglNo flxed 8899ts hold by the chaty ShId be be¥een 34 month8 ofth& exFenthire to ensore that the chArity l¥ ¥¥if-¥urriLleril lil longer term. Lon9 twm $ustOFn9Nllty ana rnSerV reBiirKe rnmalns one oflhe priorfty k•y 8im8 of the charity'8 trustees. CRITICAL ACCOUNTING E8TIIIATE8 AND AREAS OF JVDGEMENT E8lrnat¢g and judgement8 are Contlnualty evaluatèd and are bas on a number of factOfB IUdIng expectatlon8 ofluture events that are believed to be ftasonable underthg drc#Jmstances. DISCLOSURE OF INFORPAATION TO THE AUDrroRS We, the trustees of the chaTltable compony held otlke at tho date of aprrfoval of these Finanaal statèments Bs 8&t crt above ea¢h ¢onfirm. 80 far as VIY ore awore trat Thom18 no relevant audlllnfomukn ofwthlchthe chwrtat4e wpwy'$ audrtor8 arn un9ware: and We hgv8 taken all the stgpB that wg ought lo have taken a$ trustees kn wder to rnake ourstheg aware of any relevant aLKIrt Inlomth and to eBtabhh thatth•Ch*ftOb CQTnpany'i audltorn aro aware ofthat Infomation. By 0r ofth& board Jane Sawye (Sep 26.2025 15.'59..07 GMT+il MY8 H J Sawiers Chalr of th• Board of Tr1 2610912025 Page 6
THE HUBB FOUNDATION STATEMENT OF TRUSTEES, RESPONSIBILITFES The truslees Iwho are also the Directors olThe Hubb FWndalI ftitt wrposes of ccmpany lawl are re8pon8ible for preparin9 th• Tnot¢' Annual R•p&1 arKI the fin8n¢ll ststments In acCOrdar with applicable k3w and United Kingthm Accounting Standards (Lknited K9d0 General Accepted Acctsuntin5 Practice}. Company law require5 the iwstees to prepare finanoal slatementsforeach financial yearwhKh give a true and fair vi8w of the state of affwrs of the charitable comFWy of the incoming resources aThJ applicallon of rsour¢a8, Snduding tht irKome and exwditure of the tharitstl• ¢pany. for that period. In preparing these financial statèmènts. thè trust ar8 rwired to.. Select 8uitatJle accounlirvJ pol9 then appty conthnty: Ob$erv• and n¢1PS in the Charits SORP IFRS102); Make judgements and •slmat•8 that ar• realonable a1 pnid&n( Slate wh•th•r oppli¢abl• UK A¢unting Standards hov• lollryd, lubpd to Y materlal departures dr8ck)sad and èxplalned in fnancial tTrants., and Prepare ihè financial $taternents on the 1C&M 10$8 IP0Prte to prn8un that the ¢h¥rlty will conlinutr in bu¥in¢s8. Th• Iruiletss are re$pon&bl• for keewrrfj proper ¢ounlw r•¢tyd• th roawnablo attura¢y ot any bm the finarKial positp)n of thtr ¢trafttaW• comp an¢ enable them to ensure that the financial statemts corThply th lh• Companw Act 20C6. They are also responslble for iafeguarding the assets ol the char80 ctsmpany h•rK• for laklrs retsonabk? 9ttsp tr tho Pfevtrnbon and deteth'on of fraud and other irwul•ritses. Page 7
THE HUBB FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES nion We haw audbtsd the financ5al Statets of The Hubb Ftyjndation (the 'tharItab Campany'l for the year ended 31 Decernbei 2024 vthich comprise Ih? Statem?nl of Flnand Activits, Balance Sheet, Statement of Cash Fl¢)wsand Notes to the Fnawal St•teM. in¢l(thain9 Significant A¢countlng Policies. The ffinancial reporting framthwjth Ihal ha3 been applied in ryeparats.on ig applicable law and Unld Kingdom Accounting Stsndards, including Fancial Reportinq Standard 102 Th8 Financ1 Rgwirtlng St8ndard applKabb in the UK8ndRepublK ollroland (United Kingdorn Gemrally A¢c¥)l•d Accwnting Practul. In our opinion the fnawl stsl¢m?n¢s'. Give a true and faIrvi ol Ihts Slats ofthe ¢ompary's affainas 31 December 2024, and of its IrKomlng ènd of resourc, irKbAing rts and 8XP8ndknre, for the year then ended,. Have been prope prepared in ae¢ordanc Ihllh Unrt•d lQn•xn Gew Accepted Accountlng Practic', and Have been prep8r¢d in a¢wdfjnoe ¥th the requirentS 01 ChaiiM8 Act 2011. Ba•1• for oplnbon eonductsd our audlt In acwd&rKe ¥bTth Intem•fjNwl Stsndarth on AJ111n9 IUKI (ISAI {UK)l and oppllcable low. Our r•$pm$ibil'e8 under those standard8 we fulher de$¢nb•é In th• auditor re8ptsn8ibilitie$ for the audlt of the flnantial staternerts 8eciKJn of cr report. are indeperd&nt of th• charitable company in accordance the eth1 requremenis ihat 8re relevant to our audit ¢f the financial statements In tha UK, incbjding the FRC'• Eth81 Standard, and we have fvifilled our other ethical reBponSilits In a¢cNd•nc¢ wlh thme r8quir¢m¢nts. bel&ve that the audit evidence have obtoined 1$ sufficleni and apFvopriate to provide a balis for tyJr cynhx. Conclusk>n• r•l•tlng to golng GonG•m In audrth9 lfinancial •t•t•m8nts. w• h9v• ¢ord(thd that th•tru•M' olth• golrw concern basil of ac¢ounts"ng in tho preparatn of the financial 8laterrenls 1$ 8PPfWfi8te. Basgd on th• VKrk wo have plnd. vrt have not id•ntiff•d matffial un¢wtsintl•s r•Lab'ng to ttvents or condition¥ that, indivKlualty or colleciThidy, cast Wgniflcant th)ubt on thè ¢haritable mpaw'$ akn'lty to continue going concem for a period of at $t h¥elve monlh8 from en the financFal statemerrts are authorised for msua. Our osponsibillties and the respon9ibillties ofthe trustees rewato plrvJ concern are described in the relevant $octh)n8 of tINs r• Other inlorrn¥tion The other inforMatn ctynms the inforrnalion indud8d in the Triffjiees Report and our Audrtorf6 Report thereon. The trustees are resF¥)nsibie lor the other informatitl) ctained within the Trustees Report. Our OnIOn the financial statments th)8s not covertheotFxr Inforrrnqtion a, •xcept to th extent oth[e •xpll¢lty ststed in our reprt w¢ do not exsxes$ ary ftym of a$$ur8n¢e cclusiOn thereon Page 8
THE HUBB FOUNDATION INDEPENDENT AUDITOR'S REPORTTO TrIE TRUSTEES Our respon8ibiifLy IS to read the other infomkn and, in dow $0. ¢tsnsider lthelher the Other infomiat)n is materially incoftsi5tsnt vAih the ffinaal statement5 or our knedge obtained in the course of thè audit or otherwlse appears to be materially rr$stated. 11 we identfy such material Inconsistenc8 OT apparent mateiial misstslements. we are requKed kn detèrniinè whether this gNes ri8e lo a material misstat8mÈnt in the finanaal ststemenis thernsthes. If, based w the work we have performed, w• can¢lthle thal th•rt is a moterial nMs8tatement of cthèrinfcwmaith. V• are wuired lo report that fad. We have nothing to report in this 0rd. Matt•rn on whlch arn r•qr0d tt r•port ty •x¢optlon We have nothing to report in respe¢t oltho folltmng mattern in reton lo WiichtheCharits lknunts gnd Reports) R•gulalws 2008 require u8 to lo you if. in ouropw¥on.' The infomation gNen in the finandal 81•tement8 18 w318tsnt in Material respect with th TN3¢3, Report.. OT The charitsble company ha8 nol kept adequat¢ a¢¢ounb"ng r•¢uth." or The financkql statem¢nt$ are ty)1 In awnwnt vthh the ac¢ounting receid$ and r¢tum$', We have not received all tho informalhjn arKI expianlonJ w• rn9iMre for tyjr audlt. R••pon•lNlltlo• of tru•t••• A$ •xplolned morè fuly tho trusteos, r•spon8ibilNl•i statement oul on pg6 6. the trustees IVA art also the directors ol the charitatk• company for the purpose8 01cpanY lawl are re8ponsible for the preparation of the fin81 8tat•m•nts a1 for being soti8ffid thal they gw• a true fair vi•w. and for guch intemal control as ttrUst•$ d8t•miln• 1$ n1$$•ryto enawèthe preparatlon offin8n¢lal 8lat•m•nts that artr free from material M8181e %thethw due lo frwd or errol. In preparing tho finandal ¥tst•m¢nts, the tru8tse8 ar• r•wr4ibkn fty a1801n9 th¢ Ch710b[• company'g Ability to continuo 45 a wng wncem. di•cb)4ing, as appkable. m•tter¥ related to going concem and using th• 90ing ¢on¢em basis of a¢¢ountirg unles$ ts trustees either intend tts14uKlale lh• ¢h8dtsble ¢¢mpany or lo 88? operatiowo, or hwe no realrdtkaemsIe to do so. Audltor rgwoniblllUw for th• audltof th• Ilrnnclal •tst•rn•ni• W• havo been aFwnted as auditor der 8ecth)n 144 of the Chwltie8 2011 and rept In accordance %bilh the and relevant 9allonS made havitvj éffed th&•dar. Our ¢JbJecb'ves are to obtain reasonoble 4$wrw¢¢ wh¢thwthe fmandal statements as a ¥thole sre free from matenal misstatament, thther due to fraud or error. aDdtO i¥Bue ¥n 8udito¢¥ POrt that kncludes our opinK)n. Rea30n8b aswrance is a high thl Qfa&ry¢xar bul 15 not a guarantee ihat an audit Conducted in accordarKe with ISAS IUlQTrMII akvays detect a rrAtulal misslatemenl wh&n it exists. Misstatements can arise from fraud or •rr¢x arKI are conderad trot•r1 rf, individualy or in th• aggregate, they could r&asonabty b& exp¢¢l¢d lo Inffiutr¢e the e¢ononNc leosion$ of usors taken ¢n the basis ol these finala1 statements. Iwregularitie$, in¢luding fraud. are instances of non-cOmplrar IS and regulations. Vve design pro¢¢duw$ in lin¢ wlth our rewsi.11t5, ouuined above. to de1 rnateial misstatemants in rEspect irregularities. incI1n9 fraud. The extent to our Pr$ are c8p8t4• of delecling rregJl8rrties, irKluding fraud is detaed below.
THE HUBB FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES Thè eryagement partner ensured that the engagèmont leJn o)IlactiV8ty had tha appropriat ¢omp6tence, capabilities and thILs tQ Klentity or recognige r-¢OnlianCe Yith applicable la and regulallons". W8 id8nbfied the laws and reguL7tion8 appkable to the charilae comwy through discussions wrfh trustees and Dther monagernent. and from our commeroa kThjWdge and experience of the charity sector.. We focused on Spedr wI and regul8tsn8vkn¢h we oJnsKleod may ho ¥ dire¢t m•tarial offo on the financial 9tatemernts or th8 oper8110 of the Charitsts coThp8ny. in¥ludin9 th? C¢ynpanie$ Act 2008, data protection. anti-brit48ry. employment. 8nwronm8ntal and heath and safety We as6e8sed Ihe extent of compkaneè and reguionJ thntifi•Y above through moking enquiries of management and insp•cting ¢tsrwWndc•, and Identified laws and regulalions TI communi¢oted vthin th¢ audit 189rn regul8ty ond the 18om remainad aw to In81an3 of norKomplnc• throughout the aud We 0$8M$J the •LMceptt)thty of th& eharrtabl8 coffwy ffinandal statements lo material ml$$tot•m•nt. Sn¢luding obt&'nw)g an under8tsndww of hud rwmocujr, by: Maklng •Th]uiri88 of manM•nI as to tY con8kl•rnd Ilwre wai suacaptibiiity to fraud, their knowledge of aciu8J. 8uspectod and alleged fr•ud,' Con$i¢dng the inlem81 ntrOLl in PL to mitigate ri•k• olfv•ud and non4¢mpli•nca wslh laws and ragul•tlons. Tc addf•$• th• rf4k 01 fraud through marw•m•nt bJ"# And ¢)v•md• olcothkn, w•". Perbrm•d an•tytlcal pro¢¢dur•$ lo Klontrfy any urtu8u or uwpKtsd rel8tiOn8hlp8; Te$led journal entriea to hlentify unusual transact8., A81••ged wh•lher ludgtmonts and aswmptJn8 made in deterrninlrvd the accoung e8tlmat•J id#iilinwJ ¥¥ ¥illi1 wgie IrKIall# ui pvt¥ntl b6¥0, Inve$tl9at•d the r8th)r8le behind 8vanfficant or unusual tran8xtiorn. Ir r11po to the rt8k of IeqUI¥ll181 and non-¢(Mry)fi•n wth laws MoulaUon8, de8lgned proudure$ which induded. but were not Ilmlted lo.. Agreeing finatKl818tatsm•nt disclo¥$ to undtstying supporting docwnentation: Reqding the minutes ol meetrngl". Enquiriw ol managemenl as to actual •nd potenll81 Iltig8tion •)d ¢lalm8', Rèviewng EorrupoTHlenGe with relDvant 9atorS and the Ctr•rIle corwany's W •dra. Th¢r• are inherent limitatTr8 in our audrt procedures descnbetl kn). Th8 more ram0d Ihat labwd •nd regulaliong are frorn financ¥al transaction5, the less Ikoty It Is that vuld become aware of non- complianc•. Au¢Jiling gt8nd8rds als¢ limTt thè audit procedures reqLYed to klenlfy non<ompliance wrfh laws and regulal)ng to enqury ofth8 tru8ta•s and other mn09ent and the in8pethn of regukqtory and legal corre8pondence, ff any. Material misstatements that arise due to fraud can be hard¥ to d*ectthan those that arise f¥om error as they may involve ddiberat• corL••lm•nl or ¢01#10n. Ps98 10
THE HUBB FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES As part ol an audit wi accordance with ISA8 (UK), wo rtaI• wofes9)nal judgment and maintain profe1081 8ceptiCi8m throughcJt the audL W• aL40.' Identfy and asjess Ule risks of matsrial mi53tatement of the fala1 $t8tsmerts, whether due to fraud or error, design and perform audrt wocédur8s r¢$wsiw8 to those risks, and obtain audit gvidence that13 3tJffieMt and approprwte to provide o basis fcrfouropinion. The risk of notdetecting a matèrial mi8$tat¢rngnt resulbrg from fraud 19 hjh than for re8uth.ng from error. as fraud may Invo colluson. forgery. btennal omisn3. misrepr8nt1tion5. orthe override oflnlemal conlrol. Oblairn an understanding of intemal control relevant to the audrt in order to design audit prooedure8 thot a appropriate in the circumstsnc88, but not lor the purpjse of expressing an opinion on th? •llectivene38 ol the charitable corrpany's irtemal contrd. Evoluats the ¥ppropriaten¢g5 of ac¢ounthg pol0$ u8ed aTh1 the r0bleM# of accountj ¢gtimate8 and relateil discbsuras madè by th¢ trustaès. Conclude on the approwiatan8ss ofthé trta, olth• 90ry concern balis ofaccouniing and, based on the aj11 evidence obtsir+ed, %thether a matenal tsrt&ty exists related lo event? or rdrtions that may cast ivJnificant doubt on the chantsble corrpany's ablllty lo ¢onllnue 88 8 goin9 ¢onG•m. If w• ronclLKle that a material urKertainty ex¢5ts. wa are required lo dr8w attèntion in our audtt)r'8 report lo tm related di9¢1o$ure8 in the finan¢i4 stn%nts or, rf such disdosur66 are Inadequate, to modfy our opinion. OurcKJThdusions are based on the audit evidenco obtainod up lo the date ol our audrtor'3 report. Hmver, fure ev?ni8 or 0ditIons may eau the charrtab company to c•4$¢ to ¢onb"nue 08 8 goirKJ ¢on¢em. Evaluate the ov•rall pr•aernt41, $¢w¢tur¢ and ol the finpnu•l •&I•m•n, Includlng th• dl•¢logur•$, ¥n¢J whether the financi ¥latements repreaenl theuTrJ•rtyln9tr4n¢l0B aTrJ ov8nts In a manner that achi08 fair présentstian Ii.•.. tsir vi&wl. W• ¢ommunl¢al• Iho8& ¢h•rg•d wlth go¥emance r•garding, amon9 Othw m•ttor8, the plannod ope and timing ol th• audit and 8¥nific8nl ¥udrt findin95, irKluding •ry gnlfteant d8ficleAc1 htemal control that idantlfy duriTrJ our aIrt. U•• of our r•port Thi8 rèport is m ¥olety lo the tharitable company's trustees, a34 body, in accordanGe wth PJrt4 ¢t th• Chgrfli•s IA¢¢ountg onfj R•portsl R¢gulthn$ 2008. Our aLKIit wtyk Iw been und&rt3kon 80 that w? might stste to the charitable company's m8mb6rs thos8 matten V are required to state to them in In audilof3 report and lor no othor purpos•. To I$t •xt•nt Fwmiitad by law. w• do not accept or as$um re8ponsibilty io awont other than the Charita company and tho charitable comyny'8 tru8ta83 as a body, for our ouditwort, forthkq report, or for the opiriony ha¥e formed. Andrew Pountney IS•nts Ststuw Audftorl For and bèhaLI of Dean Statham Chartered Accou[ants & Staiutffji hJJditors 29 King Street Newcastle•under-Lym8 Staffordshire STS 1ER 2910912025 Page t1
THE HUBB FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES For the year erxled 31 tkcembef 2024 Nots R•&trfct8d Unrnstrlctrd fund• funds 2024 ReSiLj Unr•strid•d Totsl 2024 Total 2023 2023 2023 INCOMING RESOURCES Chantsble Donations tknAted rvI 1IS7M43 4M9 13.000 1,621,576 1.621,$76 14,906 25,500 11•,066 114,144 13 14.K6 25. TOTAL INCOMING RESOURCES IW6IJ32 110WO 1IgS,f117 1.e47.076 14,W 1,861,>82 RESOURCES EXPENDED CharitAbl• AdMtJe8 IM30JO8 71J14 1,701.160 1.761.1 17,5T2 1,778,758 TOTAL RESOURCES EXPENDED IMJO. 71J04 1,701,W 1.761,1&5 17,572 1,778.75a NET IEXPEN(XTUREI I INCOME FOR THE YEAR 36,7ty1 IWJ) 1114,1101 12,6e6I 1118,7761 TRANSFERS BETWEEN FUNDS 12,ClX) I12,[1} NET MOVEMENT IN FUNDS 148.2741 11,6ni 1102.1101 114,e661 1116,7781 roTAL FUNDS BRC4JGHT FORWARD 11 70.148 124141 194381 172,2 138,807 311.C65 TOTAL FUNDS C4RRIED FORWARD 11 111042 I,71• 70,148 124,141 194289 All Income and 8xyndltur• deriv• from ¢onUnuiNJ a¢b¥ilies. The staternert of finanrAal activit Inude9 all gains and kiss88 wlsed dudng th8 year. Pag& 12
THE HUBB FOUNDATION BALANCE SHEET As al 31 December 2024 2024 2023 FIXED ASss Tangible IIx8d 88sèt8 4477 CURRENT ASSETS Debtor8 Cash at bank ¥NJ In hand 178.906 211434 51.017 496,372 394340 547.389 CURRENT LIABILITIES Credhtors.. AM¢ due wlthkn one yasr 10 (211101) (353,100) NET CURREKf ASSETS 183.239 194.289 NET ASSErs 18Y.Y10 194.289 FUNDS Unreslrlcted fund8 ReBtricted funds 11 12 162,842 24174 124,141 70,148 187.716 194.289 TheBe finandal 8tstsrnents 8pproved by thts tru8te•8 8rd auYwii•d for 198Uo on . and are 8lgned on its t4haMby.' Jaiié Savlye ISep26, 2025 15..59:07 GMT+II 2610912025 Mr8 H J g•wyer• Director and Tru$lee Coryyany Regknauon Number. 11707416 Rwistsrvjj Charity Number.. 1186026 Page 13
THE HUBB FOUNDATION STATEMENT OF CASH FLos For the year ended 31 DMr 2024 2024 2023 CASH FLOWS FROM OPERATING ACTIVITIES Net cash lexpenthtyre)f•Ko (SA69) 1116,7761 WORKING CAPITAL ADJUSTMWS Decre911¢rea8e} in debtcrt Increasèlldecrea8e} in credrto Purth•se of tangble fixed assets 1127.8891 1140.9991 15.581) 105,801 70,373 N•t Ce8h fim from operating *thilbes 14 1279.938) 59,398 Cath and cash equNakryrts at 1 Jarxmry 491372 436,974 Cash cash equ6vakrynts at 31 Decemt 211434 496,372 Page 14
THE HUBB FOUNDATION NOTES TO THE FINANCIAL sTATEMErs For the year ended 31 December 2024 1. ACCOUNTING POLICIES GENERAL INFORMATION The Hubb Foundation is a charltBble ¢tsmpany Imited by guarantee and is registered arnd incorporated in England and Wales. The registèrèd office is The llehrSe. 566 Etruria Road, Newpast Under Lymtr, Stsffordshn. ST5 USU. Tha wiretJ ¢(4npany numbw 0 11707416. Th8 rtyist&rad charlty number Is 1186026. In the event of th8 charity brrfd Wftd up. the Ih?bilty In rwct ol guarant•e is limited to £1 p rnember ofthe charity. The nature ol the charity's opwKin$ and PriApa1 actiwb'es are Ihe rel ol yomg people and Ihelr farnilies in need beoguse of youth, fmancial hardship or other digacfvantsge Jpecfftally bth not exclussvely through thetr l•lsur• Om• a¢fjvltse8 and tknidcplng physlcal, mantal an(J spirstual capabilitie8 80 that they may grow lo fulty maturlty as irn1ivK1L and ¢onth"bub"ng member8 of Socty. BASIS OF PFIEPARATION Tho charity congtitutes a publK benefft enb.ty as d8fined by FRS 102. The fin8nci818t8tements have bBen prepared in accordance ¥ith ACcnn9 and Repm by Charit8'. StatementofRecommended Practice appli¢able lo ¢harrti&s pr¢paring Iheir accounts in accordaw wth the Finan¢i81 Reporting Standard applicable In the UK and R8pub16¢ 01 I19nd i•¥ued kn OEtober 2019, th8 Flnanclal Repclin standard applicable in the Uniled Kingdom and RepublK ol Irela IFRS 1021, the Charities Act 2011 and LIK G•nwalty A¢pt A¢¢ourknng Prxc•. Th? financlal gtatemenlg are prepared on a gng ¢on¢¢m basss er t historical c08t convention. The ffinan¢ial 8talements arè prepared in BterfNig, whlch is the functlonal currew of the Charty. Monetsry wrounl$ in the8• fv)gtKfial stst•mtsnts rourKlod to ne•rtht £. The 819nrfKanl ac¢ounting polkies In Ihe preparatson of te finanrAal 8tatements are 8et Jt below. Tho$& poli¢i08 have bqen applied to dl year¥ we8ented unkn$B otherwise stated. GOING CONCERN Th8 financial ststemnts have betsn mr¢d on a wng co¥K•rn baws. Th• TN$tt•8 ¥S$8 wh&lh8r Ihe use of going cknncem is appropriaté and whether there ar• Y matsrknql uneèrtav)t+as related t¢ events or conditions that may cast $ignfftanl doubt on the 8blkty ¢hgdty lo ¢onts"nuo a$ a golng conc•m. Th• Truste$ believe therè ar¢ èdequate resources wll enabl& the charity to meet its Ilablllties and continue In oparational existen for ihetse8eeableftrturE. Therefore. the Trustses have adopted the going concem bag15 in prnparing th• fingncl 8tstements. DONATED FACILITIES Donated facilitses and donated profèsslmal $•vl¢es 8r• reCognij In Income at their fak value ¥then their economic benefit i8 probable, it cgn be rreasured rdiabfy aThJ Ihe chanty has control overthe rtem. Fairvalu¢ 18 d¥tormined on the basis of the value of the gift to the tharfty. For example. the amournt the charity would b8 1119 to pay in the open fflarkel for Such thlitE5 and $wvices. A coThe5ponolirrfJ amount F8 recc¥nisgd In Ixpw1tU1Q. INCOME All income ig Cognd On th8 eharity has •nttl8m¢nt to th• trK4m•. ¢tr8 Is $uffKl8nl certainty of r¢¢tipt and so it is probable thatthe Inecne be received. and lh• amount of iom8 r•c&Nab ean be measuted reliably. For donations lo be recognised the charfty will havg been notifwd of ihe amounts arKJ the setuement (late in WTiting. If there are conditions attached to the donaknon and hi$ requires a kvel Qf performance before entiuemenl Can be obl¥u*d then in¢omtr 1$ dofvrod until those condiéions are fulty met or the fuyilrnent ofthose CONlits)ns is y1hin the Contr of Ihe charity and rtis probable that they will belulflled. Pagg 15
THE HUBB FOUNDATION NOTES TO THE FINANCIAL sTATEMErs For the year ended 31 December 2024 1. ACCOUNTING POLICIES COMTINUED INCOME No amount is included in the finandal statèmènts for ¥oluntwtin in kne with the SORP. For legacie3. entitlernert is the earfier of the charity bemg notified of an impending di81rObutlon or th• legacy being reeei¥8d. Al this w'nt income is recogni8ed. On 9ae5 w1 be notified to the charity however ft Is not poswbkn lo m•a$ure t •rTh)unt •xFrttsd to be distritrthd. On these occasions, the legacy is treated as a £tingent asset and dlscjosed. Inttfrom govemrnent rtheT grants a reo)gnwJ atfair vaJefien the ch8rlty has gnlWrn•nt 8ft&r any perforrnae condrtionB have been met, il 18 probable Ihatthe ineome will be received and the amount ¢an b& m8osuf•d rellaw. ff enlltl•m•nt not met then nntS are deleffed. EXPENDITURE All &xpendltur•18 ¥ccounl•d for on an ac¢Nal8 b#08 and has been dasslflad und8r headings that gggregate am costs r•lat•d to the eattgory. Exptnditure 1$ rocogntsed ¥there there is 8 kggal or con81rucbve obligabon to make payrne¢7ts to third part, it 58 Pyobab th•t setUom¢nt wll b• required and the m¢unl of thtr oUwtion ¢•n bè moaJr•d r•li•bty. Irrecoverable VAT Is Lthargad as an againlt tho athity exwdlur• aro80. SUPPORT COSTS Support CO8t8 ala those that a$8iSt Ihè woth of th• ¢haiity but do rK)t dlrectly represent the ¢haritable xINities and indude office costs aThJ g0Vema costs. They are inrjjrred drectty In 511PPDrt ot expenditurè on objeth olthe Chanty ard indude prq'ect managonnt ¢arried wt al Headquattsrs. Wher• SYFWI ¢o$ts c¥nnot te directy attllbuted to paffj"oJlar headln65. Ih•y hav• been allocated to expenditure on ch•ritabl• 8¢tNItkn on 8 ba81• conslstenl wllh of r•8wrces. An anafy8i8 of the8• COBts is induded In note 3. TANGIBLE FIXEDASSETS Tangible a888ts ar• inibally recorded 8t co•t. and wb1•q t•d at CO8t leu aCCnu1•ted d8pr8ciation and Impalrm•nt Iou•8. DEPRECIATION DepreciatK)n is calculated 80 as to Ylta off th• cost of an asset, le ts residu ¥ae. over the ugefvl economic lite of Ih8t aBset as fcllm.. Offka •qulpm•nt- 33.3% straitht line. Depreciation r8 chwged from tho month of acqulsith)n to tha month of dBF¥Jsal. TAXATION The compary is exernpt from irKome lax under geci Part 11 ofthe Corporabon Taxes Act 2010. No tsx charges have arisen in the charity. FUNDS Unrestricted funds are avaikible fc¥ use at ts discretion of the trtee5 in furtherance of the general ¢bje¢tlves of the ¢hartty and whK have not been designated for other purposes. Restricted funds are fvnds whlch are to be usett in accordance 1h speoflc restrlctrcffls knposed by donors or which have been Sed by the clrity for partiCur purposey. The cost ol raising and Jministering such funds am charge(1 againstth8 skfvnd. T01rnand use ofeath rpBtrrted ftjrnl set out in the notes to the ffinaneial statements. g916
THE HUBB FOUNDATION NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 DeMr 2024 FINANCIAL INSTRUMENTS The charity ClY has financial assets and fwbilitie8 of a kn'nd that qualfy as bax fmanaal instruments. Basic financial in51rum¢nls are ltialty re¢ogni3¢d at trarw<AOon valu¢ and $Lsequentty measured at amortised cost U6ing the effectwe intsfest meth. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS In the ap41catIOn of th8 chty,5 a¢UtIng pc4Kie8. the trustee5 ar¢ rawired to make judgement8, egknates and assumptions at¥JJt th• carrying amcyjnt of assats and IlI1e8 that ao not r¢•dily pparenl from other Sources. The esb"rnates and assoaated a5sumption5 are based on hi8tork•l experience and otlr tscts8 that are considwed to be relev•nt. Actual rosutts may difv from these estmates. The estimates and undetying asgumptt'ons are revie%%td on an onn9 basis. Ron9 to aceountiNJ estnates are r8cognised In the p•riod in wl*h th• ejty.mate T•5ed whare the revigion 8ffeci3 on that period, or in the pwo(l of the revoion * futurn per$ the wsion affe(kn both current and future periods. No critical CountIng e8t'mate¥ and judgements have beBn math th preparlng the$• financlal Btaternents. I ANALY818 OF EXPENDITURE OM CHARITABLE ACTMTIEg A¢tlvStl•• Support und•rtak•n 2024 Actrt Support Toi•l 2024 Totsl 2023 2024 2D23 2023 Holiday Actsvit Hubb Pots Project 1,356,188 98233 226,769 1.681.947 1.419,718 21880 119.713 76254 255,504 27284 1,675,220 103,358 1,454,421 247,23• 1.Y01,660 1,495,970 282,788 1.778,758 Page 17
THE HUBB FOUNDATION NOTES TO THE FINANcL STATEMENTS For the year ended 31 December 2024 3. ALLOCATION OF SUPPORT COSTS Sw)port costs 2024 Hdid•y Hubb Pots Activiti Prohct Total 2024 Ba•h of Allocatlon Govemance Flnan¢vJ 8UPP¢rt Legal. HR and IT Office premises Wages and salar8 Prints'ng, postag• and StrY Promotion, pUbllty and de$vJn Computer sofvare SUPF*Xt T¢l¥phontr Member5hip8 ond 8ubscripticro Inswarr Mileage and trml expen M8eting 8xn Training Bank ehar Genera expenses Dery¢uatn Use of rescyjrcth 11.739 Use of re8cyJrces 1.820 2.275 8,190 f r¢sour¢¢$ 159,987 Use of resources 1.398 Use of resources 3.480 Use of resources 8,932 Use of resources 1,193 V¥e of resources 1,126 V8• of r8sour¢es 1.188 U8e of resources 3.843 01 resour Us? of r•sourcas U88 ol restsurco8 U80 of reeour¢•8 Uje of re8ources 1,161 180 225 810 15.823 138 148 883 118 12,900 2,000 2,500 9.000 176,810 1.536 3.628 9.815 1,237 1.306 4,025 971 4,244 378 15A76 1,104 118 182 87 39 35 1,323 99 4,205 14.1S3 1,005 225,750 21,480 247,239 8upport co•t• 2023 Hold•y Hubb Pots Totsl 2023 Alloc•tlon Governe Finance SUFPOrt Legal, HR and IT 8UFWt Office prèmi888 Wage$ aNJ $4arte$ Printing. POStag• and $tsti¢riery Promtition. pUt4ty and de3ign M•mbershiF4 and $ubs¢Tlplthi Insurance Mileage and travel experAes Meeung expenses TraIng Bank charges General exFense8 of r•8rwJrces U88 of r•sourc88 of r¢sour¢ Ust of re8ourc•8 of re8cwr¢ Use of r•8our¢e8 Use of re%xJrces Use ol resour¢e8 Use of resources Use of resources Use of resources Use of re8rwJrces of resources Use of resourc28 9,639 112SD 4,5QO 7,2QO 119,689 255 28,923 39,177 1,126 7,232 257 16,891 238 11.127 1,071 1.250 soo 10.710 12,500 6,000 1,000 132.968 283 33.600 39,368 1,2S1 7,699 285 18,476 265 12,363 13,299 8,177 191 125 85 27 1,236 255.504 27.284 2817B8 P8g8 18
THE HUBB FOUNDATION NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024 4. GOVERNANCE COSTS 2024 2023 Auditor5 refflunerats. Att¢unt8n¢y fees Legal lees 8.iKIO 4.450 450 7,60Q 3,11Q 12.gOD 10,71Q 5. AUDITOR'S REMUNERATIOM 2024 2023 Fees payable lo the charty'8 8Jrtor1OT the au¢li ofthe charl3 financkal statsm•rts 8.000 7,800 Fees payable to the chartys Audtr trdhar s•N¢&' AcCountaY f•es 3,110 12,450 10,710 STAFF COSTS 2024 2023 wag and sa18rNrys Social 8•eurrity ¢osls Employers pensn- ¢Jth¢<l ¢trIXit Oth81 slaff co•1• 237,500 13,731 19.940 1,249 212,993 20,181 10,451 271420 243,805 The average number cl perwth empw by th• cw dwing th& yoar 7 (2023.. 71. In the pricrf year staff re paid via a related party and the co4t3 were rechgrged. Thi8 YW they have all been ¢mpW¢d dir¢lly by the Chawity Ng emloyee Teceived reMuneraln amounts.ng to mcye than £60,CO) in eithefye. Durfjng thèye3r, dollated sersWere£ewed from a related p1 le5t olthree erry)ltyee6 P023.' five). Ncfie of these employee$ eomed ovw £60.000 dumo tr* ye¥. Key managem1 personnel are cortsidered to be the Chief Operthg Officer. Ihe Operations Manager and the Finance Managw. DuriNJ th¢ y¢•r, key m¥nagemeN per50nftel recwved mUneratIon, including social security and employers pènslon contrilyJts"ons, totalng £14B,58412Q23". £107.2761. The Finance Managerfs $ts lor 2023 were paid by a related paity i1e within donaled $eThic¢s. Pagg 19
THE HUBB FOUNDATION NOTES TO THE FINANCIAL STATEME For the year ended 31 December 2024 7. TRUSTEES REMUNERATION AND EXPENSES No tru8t¥e$ M¢triv remuneration, expenseB or pension benefii8 li tyther y. FIXEO ASSETS Offic• Equlwn•rt TOTAL At 1 Januory 2024 S.581 5,581 At 31 D•¢•mb•r2024 5,581 5,581 D•prnclailon At 1 January 2024 Charge year 1.104 1,104 At 310ocornb•r 2tr24 1,104 1,104 Carylry •mourrt At 31 D1mb•r 2024 4,477 4,477 Al 31 0e¢•mber 2023 •. DEBTORS 2024 2023 rr#dt d&bt Other d•btor8 ACclld iicom• Prepaymenls 128,212 5,576 660 44,122 659 4T.519 3.175 178.906 61,017 Page 20
THE HUBB FOUNDATION NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 cemer 2024 10. CREDITORS: AMOUNTS FALLING DUE I1N ONE YEAR 2024 2023 Tradè oB(Itor5 A¢¢ruaL8 Deferred iFKome Social security and olhertsxe8 Other creth.tors 38.078 158.133 7100 5,712 22,238 283,908 34,797 12,157 212.101 353,100 11. FUNDS RECONCILIATION ance at Blart of Inwning R8wrc yw r¢•ources exwd Trartsfers Balanco betrleen rt •nd of fvndg yoar Y•ar &TrJ•d 31 December 2024 124,141 110.055 (71.354) 70,148 1.585,032 11,630,306) 162.842 24.874 Reslricted funds 194,289 1.895.087 {1,701,£) 187.716 Year •nd•d 31 D¢c•ml)eT 2023 UnreslrirAed funds Restrlcted fund• 138,807 14,908 117.5721 172.258 1.847.078 11.781,1861 112,0001 12.DOO 124,141 70,148 311.065 1,661,982 11,778.7581 194,289 Unr••trict•d fund# Unreslrthd 7knd8 are available for uee #t the (liwethon of tho Inte88 kn furtherance of the gera1 objectives of the charity and which ho not deswotsd (or clher puL>Se9. R••trl¢t•d fund• Restrlct8d fund$ ar* fur¢y$ which are to be used in accordarKe wth wjeofic rejtr+ctjs imposed by donors or which have Lwn r8i¥ed by the charity for paiticular purp)su. The ¢osl of and administering Buch fvnds are charged 898inst sp¢ofi¢ lund. Pago 21
THE HUBB FOUNDATION NOTES TO THE FINANCIAL STATEMEMrs For the year ended 31 Decemt*r 2024 12. RESTRICTED FUNDS BaLanc6 Transfers at Start of Incoming Re9our betsyeen year resources expended lunds B•lant• at•nd of yaar Year ended 31 December 2024 Donated Be8$ HAF Contract Hubb Pots Pr¢ie¢t Communty Foundat OpeniroJ Schools F&Nth•s Cty of Stoke on Tffjnt C¥ilal FLmd National Lottw Awards Fcff Al Middleport Matters Education Endowment FLmd Olher CommLmty and Grants 13,5CKI {13.YJOI 1.404,164 {1,404,1641 53,750 {101,852) 62,500 164,808) 22,124 122.124) 4,368 55.774 9.683 7.672 7,375 3.187 1761 400 2.540 4.950 9,597 16.7011 14.14T) P,5401 19,2891 5,860 10,08e 70.148 1.692.S32 11.630.3C61 24074 881ar at Btsrt ol y••r Tr•nsfer¥ InClInll Rasourc88 b&tt¥aon r••our¢ •y•TrJ•d lund• 8•l•n¢• t•ndof Year ¢nd¢d 31 0e¢•mb•r 2023 Donated S08 HAF Contrarl Hubty Pots Proje¢t Community Foundation Opening Schoo18 FacilIt3 City ol Stoke on Tront Caplto1 Fund National Lottery Awards Bauer Radhj Cash For Kid8 North Staffs Ftsjd Nèt PAiddleport Matters EdUCatn EndOVerrt FurKI Other Community Donations and Grants 8e Valiant Ctynmunty Prcie¢t Tesco 8ags for le 25.5C 125,5001 37,480 1,404,200 11,441,660) 68.880 78.750 191.8561 74.716 165,0331 37.833 137.8331 11,632 121.6321 66.774 9.683 10,0 4,950 4.500 2,595 2,400 13,1991 14,5001 12,S951 12,QOO) 153.978) I7.f0) 1,751 44,518 12,000 I1.(0) I2.) 172.258 1.647,076 11.781, 186) 12.000 70.148
THE HUBB FOUNDATION NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Drnber 2024 13. ANALYSIS OF NET ASSEfs BETWEEN FUND3 Unrn¥trictod R•Jtrktsd Funds Funds Total 2024 Fixed assets Debior8 Cash and bank and i) hand Creditorn.. 8m¢unts falliry due yogr 4,477 4,477 3.175 175.731 178,906 182.183 34251 216.434 {26,993) 1185,1081 1212.101) 162.842 24,874 187,716 Unrn•trlct•d RMtrfct•d Funth FdI Totsl 2023 Debts3 Cash and bank gnd in h• Credth.. omwnts fallirrfJ due one year 859 50,358 61.017 139,527 3S6,845 496.372 {16,04S) 1337,0551 13113,100) 124.141 70,148 14. ANALY818 OF CHANGES IN NET FUND8 1 JaNary 2024 Cash fitY•rn 1 D•¢•mb•r 2024 Caeh 8t bank and In hand 496,372 (279,938) 216.434 16. PEN810N COAMIITIIENTS The Chprty operales a defined bution pension vtherre. The a55ets of the schem8 are held s•p¥ro10ty tts those of the Charlty in an inndenlty $drnternd fijnd. The pension co8t charge represents contritxJlion¥ payable by the Chgrtty to the and amuuTrted lo £19,94012023'. £10,451>. Contributions totalling £3.08012023.' £nd} tre payable to the fuTrJ at tha balanc• $h•t ¢Jate. P*999 23
THE HUBB FOUNDATION NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Dmber 2024 16. RELATED PARTY TRANSACTIONS At the yèarnd £nil 12023.. £nill was due lo Synectu Solubors knnited, a company wth Eornm directors. During the year Synectics Solulions Limited inojrrtrj costs totalling £114.959 12023". £180,513) on behalf of the chanty. Répayments wvre made lo SY$ Sojubons LJmit8d during t year totalling £114,959 12023.. £180.5131. Synectics Solubons Umited rtsem made donatn$ to thg charity totalling £40012023.. £5¢)01. Synecl'cg s0kn1s mrted also d(ffiated services totalling £13.500 12023.. £25,500) during the year. At the year-end £nil12023.' £nill wasdue lo POrtva Fcyjndation TnJsL a chartywilh common directori. During the year Port VaL Foundation Tw81 Invo¢ Ihe charity £28.62912023.' £36,579) for the Juppty Of ¥ervices. Repayrnents were made to Port Vaè FndatItin Tntst duriny the year totaling £28,629 2023." £38,629). pc Vale FndatsOn TrLt rts•W mgde d¢nalkn4 to charity totallmg £nil 12023.. £6001. At th8 year4nd £nil12023.. thll was to Port Valo Foolball Club Llnrt•d, 8 wany th common diréLlors. During the year Port Vak Football Club Limrted invoicedthe charty £38812023.. £4791 for th8 oupply 01 $ervi¢trs. Repayments made to Port Vale Football Cknb Limited during the year totalling £36812023.. £4791. Port Vakn Foothall Club LThnit•d W made (kn•Oorty to th• ¢harty totalllng £Thll (2023.. £nill. Durlng tho year, Mr8 CA Shonahan. trJ • Tru#tet for pxrt dlhe yw. don•ted £1QJ,000 to the charity12023.' £nlll. Pa98 24