Charlty roglstratlon number: 1186582 HARTSWOOD TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 HARTSWOOD TRUST CONTENT8 Pag• Reference and •dmlnlstratlvod¢lall• olth• Charlty, Its Tiu•t••• advl•or• Truste￿. Teport IndepW￿ r•port Statom•nt of flnanclal actlvltl•• 8*linco •h•o1 Not¢• to th• fina￿1•1 •t•toffl•nt• 8-17 HARTSWOOD TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 K Sutsri8 S LGarr•tt S Sutaria M J Haynas Ch4rlty wl•ternd ftumbèr 1188582 Ragl•t•r•d offi MHA 8th Floor 2 London INall Place London EC2Y SAU Indwx*nd•nl oxamln•r MHA Chart•r•d A¢¢ountants 2 London Wall Plac• London EC2Y SAU Inve•tment m•n4g•r 8¢hrod•r a Co. Llmtt•d 1 London Wall Place London EC2Y SAU Pag• 7 HARTSWOOD TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 Th• TruBtee$ Present thalr annual r•port t0p￿h91 wllh th• In8n¢ial stalemènts of Ihe Chartty for the year 1 Aprfl 20r2 to 31 March 2023. Th* Trusto0s hav¢ adopt¢d th¢ provbions of the Statement of Recommended Practic• ISORPI 'Accounting 8nd Réporting by Charlt18s' IFRS 1021 In pr¢pefing the annual rop¢rt and finaneiel ststèr￿nts of tha Chority. a. Owts. purpow •Trd publlc ￿￿•111 The Charrty was 8sl&blish•d ￿ 26 Novfjmbfjr 2019 und•r Its TN$t Dèed. a$ a Chafftèblè Incorporated Organisation, lo furth•r $u¢h purpos•$ whi¢h m•y bo ¢horrtabkn accordlng to the IDW of England 4nd Wales as the Truste8s seè fit In s•tUng obla¢tfr￿ •nd plannlng for currènt and fubjrn aethtties. the TruBt8es have gblffjn due con8Ed8rntion lo general guldance pub115hed by the Charity Commi8ston rel8ttng to publlc b•n•fii In¢ludlng th• gufjdan￿ 'Publl¢ b•n8fft'. runnlng a charity IP82y. AJI artlvittes haw b••n und•rtak•n to furthèr the Ch•iW$ purptsBe as por Ot8 govarnlng documant and forth• publlc bonoft b. M41Tr •¢tMtl•• und•rtal(•n to furtherth• Chailty'• puvpo•e• for the publlc bonefft Th• maln Actfvltt•s undèrtaken In relatton tr) the purposts of the Charty. as por tts goveming documonl. aro tho¥e ol grant makkng. in particular supportlng charttles whos• I￿rk has a d•monstr4bl& b8n8fft to th• ¢nvlronmont. The Charty und8rtak•s a Pr04ct￿ approach to grant making, and unrestrictod grants 8r• off•r•d to select organlsattons vthoso artwiti•s allgn wlth thk loeus. Th¢ Chathy monrtors th• b•n•fl¢larf•$ of grnnl8 tts gnsuro th91 fijnds ar& spont in Ilne wlth Its charitable object￿. Includlng. but not Imtt•d to, •tK monthty r•vl•ws and annual reports on th• u8• of lunds and Pfogr•88 In th•lr f8SP•CtiV8 8r8a$. A¢h1￿ments and p•rfomi•nc• 4. Ilaln 4¢hl•veffl•th ofthe Ch•rlty FollowAng the establiBhm•nt of th• expend8bl• •nd¢)vm•nl In th• podod to 31 M•r¢h 2021, th• Trust￿$ have formulated a grnnt m•klng and havo rnsèarehgd •pproprr•t• l$$u*$ and rJrgonl$atlons for thoir grant making. Durfng the year, grants totslllno £200,000 V￿rts mado to tha fo11th￿n9 Insbtuknons: ClientEarth - CltantEarth us•s th& powgr of thè law to eombal dimal? ch?ngg and poll¢rtlon. s•¢ur• p•oph8' ¢nvlronmentsl rfghts and pmteci and restore habitats. wldlife ond natural Tesources. Blue Venlures Blu• V•nturès hèlps coastal commvnttlè8 to ¢stabll$h l¢xalty managed marln• areas Ihat improvg ¢ol¢h and Increase in¢ome6 whi15t a150 con5ewving coastsl ec06yStoms. +4mazon Watch - Arnazon Watch works lo preserv• th• Amazon r•lnthst •nd ath4ft￿ th• dghts of Indlpnovs p•oths In th• Amazon Basln. Furth•r dots11$ ¢an btr found in Note 7 to the accounts. Page 2 HARTSWOOD TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Fln•n¢lal rnvl¢w *. Golng ¢onc•rn After maklng •pproprfate enquiries, th? Trustèes have a r•8sonable expectatltsn Ihat the Charity has adeqvate T•sources to confjnue in operatronal exlBlvJnce for the for•sttabl8 fiJtUTe. For th1$ r•ason, th•y eontinufr tr> adopt tha going concem ba$ls In prtsparing th8 fin8nclal sts¢&m•nl$. Furth&r detai15 regardlng thg adoption of thè aolng COn￿M ba81s ¢an b8 found In th• a¢¢ounlkng polic1￿. b. Ru•rvu polky The 1P￿r￿S pow of th• Charty li ¢urrèndy b•lng f0m￿d basad on the plann¢d ¢hAr#•bl• 8ctTriib88 in futur• periodo. Thfr Tru8ts•$ wlll a￿￿YS r•t8ln iufflclent rfj80rv￿ to ¢ovgr •ny 8xpen508 fr*r th• folbwlng year. Th• Endowment fvnd Is ￿pandabl8 In n8tura. 8nd 18 considered to Conslst of tha value of the Investrnent$, Includlng th• caprtal bank account but èxcludlng incom• account balan¢•8. Wh•ro n8c•s88ry, funds are transf•ffed to tho Unrestricted fvnd to 8UPPOrtth• eh8ritabl• a¢tMI•8. At th• p•rtod •nd, th• Ch•rty held total fvnd$ 01£5,398,331, b•lng •xp•ndabl• •ndowmont fvnds of £5,377.105 and ￿rast￿et•d g•n•r•l funds of£21,228. c. Fln4n¢l•l rnvlvw Durkny th• ￿•T, th• Charty r•c•￿•d total Sn¢om• of £79,622 from Inv￿lmOnt holdlngs. A furth•r •ndovan•nt donafjon of£600,000 was also r￿0￿d by the Chartty. Total exp•ndliuro for th• p8rlod wa8 £280.669. Of thls Inv•sbm•nt m•nogam•nt ¢osts totsll•d £38,567, grnnt yfflants totamod £200.000 and oth•r $upport ¢o•ts totsll•d £42,102. Durfng the year, the Chaws invt$kn•nts r•cord•d 4 r•valuatlon lo$8 of £80,261, r•suRlng In ov•r811 n•t Incom• •ft•r knv•stTh￿nt g8ln$ and Iw$•$ of£318.892. In order to $upport the grant maklng aCtfv￿aj of tha Twtyt th Trusto¢s voted to rmke 8 tran$f•r from the •xp•ndAbl8 endowmont of £150,000. d. Fthm plan• Th& Truste85 are plannlng an ￿n￿stment 01 £200.000 In the condu￿ E18 Impact Fund wlthln tho next ￿•r. Thls will crèats a d￿ersified portlollo of 4 to 7 >uslness68. which a￿ support•d by Hartswood. wtsre the alm Is to benefft of th• Clm•ts and th• EnylronmenL Slruthrn. gov•rn•nc• and manag¢m•nt a. ConslltutloR Hartswood Trust is a regl$tsr•d Charitable Incorpor8t8d Organlsation. number 1188582. and18 constibjted und•r a Trust deed. Pag• 3 HARTSWOOD TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Th• management of th• Ctwlty Is th? responsibhty ol th• T￿$t￿$ are elocknd and C•wOPted under th• tsM￿ of the Trust da•d. c. FInancI￿ rl•k m•thagwn•nt The Truste8s 4ssoss¢d the major to *thl¢h th¢ cha￿ is •XPOS8d. in ￿rI￿U￿r tho$• r•lat•d to the opeTatK>ns and finar￿1 ol tho Chwty. and •rfj sabsfiod that syste￿ and WOL*durns ar• In ￿ to mMgal• •xpo$ure to thtr Thwior rlsks. Th• Trust•¢s are respon￿bI• preparing the Trust••s' T•port and th• fln•nd•l statements tn a￿OrdanC¥ wth appfThblo law and Untt¢d Kr'ngdom Accounkng IUnA•d Klngdom G8neraUy Ac¢•pted Accoun￿Thg Pr•cJe•l Th• law •ppliL¥bkn to c*•rts¥ ￿ Engknd & Wal•s rnquThs th• Tfurt•o• to prepw• f￿•￿1•1 •l•t*m•nts for •4¢h financial y•ar, a tru• and fatr ￿*4¥ ol th• 8tat• of affays of th• Ch•fty •nd o16ts Incoming r•sour¢•s and applulion ol rO￿ure￿. Includ￿g ll5 and •xp8ftdllur•, lor that period. In PT•parlng thos• ffln•n¢l•l statenxnty th• TnMte•s •[• roqubrnd to: sel•ct suit4bl• i¢counlin9 poIKies •nd then appty thom consistsntty.. Obs￿¥• th• m•thods and principlas ofth• Ch•nJ•s SORP IFRS 1021.. k• judgff￿ts and I￿￿Unting estim•tes thjt •r* reasonabkn and prudent •tst• vth•th•r appll¢•blo UK Accountwig Standards IFRS 1ff2) Iwv• b••n fo*r•Md. suty•dto •ny m4tsrlal departur•s disclos•d •rKI •xWined in the financial stat•n*nts: WtrP8re the lkn•ncial st•t•m•nts on th• go¥vJ con¢xm b￿1* wil8u It Is Inappmprtth to w•sum• th•t th• Th• Tn*t¢¢s are respon￿b￿ for keep￿9 prop•r accounling r•¢ords th•t ar• sufficae￿ to 8h(yw and •xplaln tha Chartys transadons and disd05e ￿lIh r•ason8bh accuracy at any timtr the finanaal pDsiUon of the Ch8rlty •nd enab￿ them lo •n$ure that tha flnancial ststèm•nts the Charltlgs Ad 2011. the Chanty (Accounts and Reptsrtsl Regulatk•ns 2008 and tho provisK>ns olthe Trust deed. Thèy #re abo responsibla for safegu•rding tht assets of th¥ Cholty #nd h•nc• for t•long r•ason•bh sttys the and dgt•¢llon ol fraud and oth•r irrngular#l•& Approv•d by orderofth• Thimb•rs olth• board olTnJst••s and s*•d on th￿r ￿haff by.. K Sutsrl• Trustee Page 4 INDEPENDENT EXAMINERE REPORT FOR THE YEAR ENDED 31 MARCH 2023 I r•port to th• charly Tnth on my exAm¥wkn of th• I¢￿￿ts of the Charity for the year ondod 31 March 2023. Re•pon¥lbllltl•¥ #nd ba•1• of r•yt As tho Twstees ol th• Ch•rty arg rgsFrfxMiblo for Ihe preparntkn of th• •ccounts in wlth th• r•qulwn•nts olthe Charttkn AL* 20111kn• 2011 Att). I report in r¢sp•¢t ol my examinetk>n of th• Ch$rit￿3 accounts carried out undtr s•thn 145 01th• 2011 Act and In Carr￿n9 out my •x•mlnation l 101kn14Yd th• appk4trA• Dlradiorrt ty the Chlrty Commissk)n und 8•ctton 145(5llbl of the 2011 * Your att8ntbn Is to th¥ lacl that Ihe Charmy has praparod th• accounts in 8¢M￿ance wlth A¢¢ounUng and Roporlng by Charttt•s.' Statement ol R•comm8nded Pra¢ake applirabkn to ¢h•rlli•s prepirbng th•tr a¢¢tsunts In accordance V+th the Flnandal R•porb'ng Stsnd•rd appl￿bI* in th• UK and Republlc ol Ir•laTrd IFRS 1021 In pr4f•r•nu to th• A￿￿untIng ènd Roporting by Chorths". Ststernont of R•commended Prndk• on 1 Aprfl 2005 which Is r•f•Thed to in th• èthTht ragulations has bew *Ithdr¥￿. l und•rnland that th& IAS been done In order for th• wurts to prnvd• a Iruo and f•tr VI￿ In acctsrdanc4 wlth the Gon•rnltyA¢c4￿•d ￿¢￿ntIng Pr•rlk• •ff•th• Ayrnpothg pgrfods beglnnlNJ on or •ft•r 1 J￿uIry 2015. I h4￿ compht•d ny •x•minatK>n. I confffii that no mattw5 hm cn Wdh th? •x4mln•Oon ¢•wto l)thva that In •ny maknrtsl r•yLt •ttounUng re¢ords *w• not k•pt kn r•spect ofth• Chw*y as requtr•d by s•cYon 130 ofth8 2011 Art or th• 8eeounts do ntst • V*ilh th• appl*abb• r•qulr•ments ￿n¢•mIng th• form and ¢ontont ol accounts sét out in the Ch4ril*$ {ACe￿nts and ROF￿$} R•guMion$ 2008 othw than any requlrem•nt that tho accounts gbm a and fair IB not a matt•r l￿n$#I0￿d •8 part of •n kndepend¢nt I hava M ¢orvms and hw4p ¢orM acros8 no oth•r cimn¢¢lbn Y4tth thfr •xaThlnalon to vthl¢h •tt•rth shouhl b• dr￿ kn this roport kn ￿￿ert0 *wbl• • pup¢r ur#lwstanding ofth• •C¢￿nts to r••¢hed. Slgn•d.' Daled.. 2910212024 Stsjart M¢Kay FCA DChA Chartered Nmxthrts, &h Fknor. 2 L•ndM Vlal PIKe. EC2Y SAU Page 5 HARTSWOOD TRUST STATEMENT OF FINANCIAL ACTNITIES FOR THE YEAR ENDED 31 MARCH 2023 ftEnds 2023 funds 2023 funds 2023 fvnds 2022 Donation$ In￿strnèThts fjoo.000 79.622 312 46.078 T¢)tsl Incorne and endovffl￿nts EXP￿￿1￿re on: Raising funds Charitable 8thibes 79,622 600mO 679.622 46.390 2,910 239.192 41ATI 239,192 117.875 Total expendlture Nèt lexpendlture)fincomo boft>re net Uosse8ygalns ¢)n Investments 242,102 38.567 280,e69 1T4,429 1162A80) 561833 398.953 (12a¢139) 28Q35T Net {lossesygaln$ on inv•slmènls 1802611 {80381) Net (expenditu￿ylneoM8 Trnnsfers bèfr•v¢en fvnds (162,4801 150,OIX) 481.172 1150MKII 318.692 160.318 13 Nat movement In fvnds Reeonclllatlon of fvnd8: Total ffijrtds broughtfohvard Net movemgnt In fvnds 112A80) 331.172 318.692 160,3t8 33.708 112J801 S,IMS.933 5.079.639 331.172 314692 4.919.321 160.318 Totsl carrled fomrd 21.226 SA77,105 5,398J31 079.639 The Stat•mwrt of financial a¢tfvOknes includes all gains and losses recognlsed In the year. AJI income and •xpendibJre delive from continuing actNiti8$. Th¢ notes on pag8s 8t0 17 form part ofthests Ilnancial stateThnl$. Page 8 HARTSWOOD TRUST BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Flxed •8gets Investments 10 4M47,$38 4,672,405 4N7,&18 4.67Z405 Currnnt a•Mt• D¢blo Cash at bank and in hand 11 688,763 516.994 008,783 524.494 Crlditorn: •mount$ tsufing due wlthth onè y••r 12 115.9701 (117.260) J80,793 407.234 Tot•1 n•t a•*•ts SM98,331 5,079,839 Charlty fund• Endry•vm•nt fund8 Unrestrlrtgd fvnd8 13 13 6PTI.106 328 5.04&933 33. 706 Tot•1 fvnd• BP98,331 5.079.839 The ffn•nd•l 8tatsm•nts w•r• approvad and authorl$•d for S$$u& by th• Tru8ts•s and sigft•d on th•lr boh•lf by.. Trustee Th not•s on pages 8 to 17 fr*mi part olthese finan¢kg1 statsments. Page 7 NOTES TO ThE FINANCIAL sTATE￿NTs FOR THE YEAR ENDED 31 MARCH 2023 The Harts¥￿tsd Trust b a registered CharitalAe Ineory>oral•d 0ry•nIts•ts￿ (Ch0￿Y reglstered number 11885821 wth the Charity Corrmi￿1tin in Engkgnd and Wales. Th• •ddr•s8 of th• rogtstwed oface IB g11￿ in th• Ch•ffty thf•trn wepared lo gi￿ a IT￿ •nd f•ie and hew departed from th• Charths (Accounts and Rep￿) R89ulations 2008 only to tho extent Tequired to provld• a Yru• Ind faltr This dèp•rtur• h•$ In¥¢hd to11ty*iThJ the Charities SORP IFRS 1021 publlsh•d in O¢tober 2019 rather thAn th• Aecounlry end R•Ptsrtk￿ by Ch•vths: Statem8rt of R0￿MM9nd¥d Hartslhwd Trust the d•finkn of • publk •nfjty und•r FRS 102. A•Mts and Ilablitkn• 8r• Inttlalty reo¥nwl •t hl*irk•l ¢o•t or N•hJ• unl•## oth•pkn stat•d In th• r•knnt •ccounting polw. Th• fin•n￿81 Btst•rrwrt8 •r• pr•pwed kn ptyjnds st•dkng vthlch 15 both fvncttonil •nd prns•nlath￿•1 Culm￿ ofthe Charty and are to th• ft￿rest pound. Th• s¥rdk•nt •¢wJntwy por￿￿ apphd in th• Ilnondpl st4tev￿nts 4r• s•t out ststed. The finandal statements ha￿ ba•n Pr•Par￿ on a goirvj corKem bas￿ as Ihe Tnjstws b&llg¥e Ihat no mat•rknl un¢ertainties exist The Trustees consk4•r•d tha I￿1 of fvnds herd and the •xpected l•vd of trrtome and exFeThJNure for 12 months from •uthNistn9 Ikw fin•n¢i•l st•t¢monts. The budgeted incorr* and ￿pendI￿rg is sufikignt Iv¥YI of reseNes for the Charrty to be able to ￿nt￿l￿e ￿ a wng con¢¢m. JI In￿me 15 on¢¢ th• ha¥ enli1•￿ ts) th• Inc•m•. It is prob•bl• th•t Iho WHI b• r•￿￿•d and th• •nwunt of1r￿OMe T￿lIab￿ can b• m••surgd r•tl8bty. Pago 8 HARTSWOOD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PIARCH >)23 P￿Qu￿tIng polkl•• {¢¢)n1lnu￿> 2A EXP￿dI￿rn Expendituro * r•Cogn￿￿ onc¢ th*r• Ss 8 legal or ¢MsIn￿r￿ obligati'on to tsansftr o¢onoml¢ b•n¢fft lo a third poty. * 18 probable that a transf•r ol ¢￿Tr)M￿ b￿ffts *fjll be required in sewement and the arnount oltlw obl¥ation can be m••$ur•d relobly. Eyndliur• Is dassified by athty. The costs of 08ch a(*vity mad• up of th• tot41 of dired ￿>sts and shafvd costs, kncluding support costs inM)14*d Iri undeFtskuig each 8c*W. Dtr•(* u>sts altributsbkn to a slngh athty •r• alloeatsd dlreclly to that actrlty. Sharad costs ¥•th￿h ¢ontribul• to mor• than one and support costs vtht¢h •r8 not attslbuiabla to • swlg ac*4#y •r• aPport￿￿j bet￿ell th￿• 4Gtfvrti￿ on a b8$￿ ei>nsistant th• ofr•soure•& ExpendRurn on rthd•• al •xp•nd6bJrn inc￿rred by th• Chwlty to IlJnd8 for Expendtturtr ¢)n ¢haritfjb￿ actvths b Ir￿[r0d on dlr•¢ty und•rtaklrg tho •Llith whl¢h furth•r th• Charty8 obJ•¢ts¥4•8, as well ￿ any as•od•tsd support ¢osts. Grnnts pfjyablo are ¢h•r9￿ In th• y￿r lthen the offDr is nwde •x¢W In those ctses vthero the off•r Is eonditKJnal grants b•tsw rryeogn￿ •$ ￿POnd￿re *then th• ￿r￿lIb)n8 attaching ar• fulfdl•d. Grnnts offw•d $ubJ'•ct to condltk)n8 ho￿ nrA b•on mot atth• yur •rKI •rg notsd #s coffttnitmont. bul not 8¢uuad as •xponditur•. All exp•nd6tur• Is Industrn ol Irr•co¥*r•blo VAT. Fp¢ed *ss•t Invaslrn•nts are a fomi of fman(aal instrurn•nt gnd or¥ InltiBlly recognlsed at th•lr tr•nsa(knn cost and subs•qu•nty m••sur•d •t f•* at th• Balun¢• $he¢t date. unless thè v•lu• ¢•nnot b8 m•asured r?￿bty In vthi<* rt 1$ m••surnd at C05t le55 imp•lmi•nt Investment galns and loss￿. vthether reall￿ or unT•aUs•d, •re ￿rr*Anad and pros•nt•d as 'GaIn￿L05st5} on In￿strneTrts, kn the Ststemènt of fin8n(¥81 adi41t1￿. As arn rovalu•d conllnuousty to fair valu•, M rn•lh¢d ylrffj or kMe# *l¥•. ' Tr•d• and othw debtss •re recognmd at th• arnunt aft•r any tr•d• dlKount Off￿d. 2.7 Ca•h and In h•r Cash at b•nk in hand includes ¢ash and short4emi highty Ikiuhl inNtstments short rnturlty of three Trnnths or less from the d•t• Ofa￿Ul51110n or openvig 01 tho depostt or SIM￿Or •ceourt Ll8biNttes are recognts¢d th•re ts an obSg•lbn al the Balance sh•trt datè as • result of • past e¥enL ￿ Is probab￿ that a tra￿11[ of ecorw)mK beneffl *ll be required ￿ settlèff•n( and the amounl abthbos are recogntsed at the amount that Ihe c￿[ty anlicipates tt v•fil ptyy tr> settla the debt or thtr amount it has receNed as 8dvanced paymgnts fi)r the or Servi￿ it rnust provid8. HARLSWOOD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 A¢¢ountlrvd pollcles Icontlnuod) 2.9 Financlal Instruments The ChaTity only holds basic financial instnjments. Th• finan¢lal as$&ts and finan¢lal kb11￿95 of the Charity are as ft)Ilows: Fi¥¥(l asset inveslments - are classifiad as a bosir financial instruThKnt and are rnea5ured at fair value as detaited in Not8 10. Cash at bank- Is clas51f￿d as a bastc financial instmrr*nt is measured at face valuè. L￿b￿￿e6 - accruals and other Cr￿￿Or$ are classiffied as financial instrum$nts and are measured at ar￿rtised ¢ost as detsiled tn Note 12. 2.10 Futtd #ecounling General fvnds are uftrestrk#¢d funds are awailablè for u$0 at the di5cretton of the Truste9$ 41 furtherancè of th¢ g*)eral 0b1edTr￿ of th• Chailty and which have not been d$s￿n&t8￿ for other purposès. Expendable End0y￿ent fvnds r¢pre$ent those assèts whlch must be held pennanentty by the Charity but ean bè applred on charitable aebvitrgs at the discretion of the Trustèe& InLX)rne arising on the endowTh*nt funds can be used in accordance the objects of thè Chanty and is ind￿led ift unrestrictgd Income. Investm&t)t man89gmgnt costs are deducted dlrècuy from the endowment fund. Investhknt in(#)m*, galns and losses are allocated to the appropriat• fuThJ. Income from donat*)ns Unr&strl¢ted Endowment fvnd$ funds 2023 2023 Total fund# 2023 Donatlons 600,000 600.000 Unrnstrld•d fvnd 2022 fvnds 2022 Donations 312 312 Pago 10 HARTSWOOD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Invostn*nt Incon T(*al funds 2023 nds funds 2022 Divid8nd incoma Interest incom8 79.059 547 531 Totsl 2023 79.￿ 46.078 . 2022 46.078 46,078 Co¥t of rai¥ing fund¥ Totsl funds 2023 nds 2023 funds 2023 Investment Thmnagement fees Support ¢ost allocation 38.567 2,910 2.910 2,910 41.477 unrest￿ EndowTh6nl funds funds 2022 2022 Tot funds 2LY22 Investment managementfe¢s Support eost allocation 51.724 51.724 4.￿0 51.724 Page11 HARTSWOOD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analy$l¥ of expendltsre on chlrltable activitles GrAnt funding ot act￿￿te6 2023 Support Total fijnds 2023 2023 Charttablè acYviti&s 200.000 39,192 239.192 funding ol actiwti 2022 2022 2022 Charitable athiti•s 104LK 12.875 117.875 FUrt￿r details on grants pald In the yaar￿n be found in Note 7 to the accounts. FUrt￿r dètails on support costs incuffed in Ihe year Can bo fr•und In Note 8 to the accrJJnts. Page 12 HARTSWOOD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Grants pald to Institu￿on• 31 March 2023 31 Al8￿￿ 2022 Dls¥stefs Emergency Committe8 Blue Vèrrtur•$ ClttintEarlh 50.000 100,000 Totsl grnnts pld 200.000 105.t Anotysls of8upwl ¢osts 31 MaY¢h 2023 31Ma 2022 Professional feos Vrfebstte costs Govemanc¢ ¢osts- Independent exarniners fee5 Membership and subscript￿5 Legal costs Accountancy eosts Interest and Charges 7.400 820 3.570 3.600 3￿00 2,450 1,920 1.470 4.620 25 41102 17.705 The Chaiity has no employee5 arHI th& Trustee5 are considered to b8 th• Key Management P&rsonMI. Durfngthe year. no Trust¢¢s rgceNed any r¥mun¢r4don or other benefits (2tr22- £NILI. During the y•ar ended 31 March 2023, no Trnste8 exp8nse5 hav8 baen inryjrred (2022- NIL). Pao•13 HARTSWOOD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 10. FIX￿ 4s••t Inv¢¥¢ments Llst8d Cost or valuatlon At 1 April 2tr Additions Disposal$ Revaluations 4672J05 1040.148 11W.754) 180.261) At 31 March 2023 WT,538 Net book vAIu• At 31 March 2023 4WA38 At 31 Matth 2022 al.672.405 11. Debtor8 2023 2022 Due wlthln one year Pfftpayr￿nts 7, 12. CTedltors: An¥)unts falllng du¢ wtthln one ye•r 2022 Oth•r ¢red6torB Accruals Grants accrued- insltulional IT.260 100.000 15,970 117.260 Page 14 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 13. Balance at Tr*nsfors Galnsl 31 March ILossos) 2023 Balaftce at 1 General fund5 79.622 1241102) 150.1)crfI 21.226 8nd¢Mrnnt fund s.045￿3 eOOIW 138.56n {1&),OOD) 180261) 5ATI.105 Total of tsnds 5.079W9 679&22 (2W,w) 1803611 5J98J31 During the year to 31 2W21, an &¥P￿b￿ end￿￿ortt was donated to the Ch¥rty. Th• endthThnt donalion consi5W of ca￿1 and seryjrth￿. of were transferred into the ft%ed •s$•t investrnent accounts of Hartth¥orA Tnjst The End￿￿Tht fvnd ts expendabk in nabjre, and is Cons[de￿ to consist of the NBlue ofth* ft