Chwlty rngl*lrn11on numb•r. 1186582
HARTSWOOD TRUST
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMEKf8
FOR TrIE YEAR ENDED 31 MARCH 2026

10-19

HARTSWOOD TRUST
REFERENCE AND AOMIXISTRATIVE DETAILS OF THE CIIARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 202S
Tr￿1￿0
K SutWiO
S L Garrètt
S Sutarfa
M J Haynes
Charlty rngl•l•w•d
number
11ees82
6th Floor
2 London Wall Place
London
EC2Y SAU
Ind•p•nd•nt •xamln•r MPLA
Chartered A(xyJunt8nts
2 London W811 Pl8C
London
EC2Y SAU
Inv••bMnt m•n•gw¥ S¢hrod•r & Co. Llmltwj
1 London W811 Ploc4
London
EC2Y SAU
Page 1

TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present th#w annLwI rephjrt togelhw with the fmancaal statements of the Chaiity for thè year 1 Ayll
2024 10 31 March 2025. The Twslees adopted the pmmstons of the Statem8nt of R8comm•nded Pracliee
(SORPI 'Acc<Junllng and Row￿n9 by Charitses, IFRS 102) in preparing Ihe annual report arKI ffinar￿
statements of the Charity.
•. Obj* purpo•o •nd publ1¢ b•rffjfft
The Ch81ity was esl8bfi8hed ￿ 26 November 2019 under ils Trust Deed. as a Ch8rilablg Incorporaled
Organisalion, to fvrther sud) pwposes which may be charltable accorthng to the law of England and Wales as
the Trustees see fiL
In Setting obled1￿$ and p￿nnIng ￿lF[￿nI and future athibes. the Trustees have giNEn due eorvaideration to
general guidance published by the Charlty Ctjmmlssion relaung to publlc b8nefiL Induding th8 guklance 'Pub￿c
benefft: running a tharity (P82)'. Al athwtses ha4* been undertaken to ffijrt￿r the Charitls pwpose as per Its
goveming document and lot the public bpnefft.
b. Ilaln a¢t1¥ftI￿ undortaknn to full￿rthe Charlty* purposos lorthe publk b•n•fft
The main activthes undertaken in relation lo the purposes of the Ch8rity, 8$ per its goveming documenL 8re
those ol grant making. Mi par1￿￿1ar supwtirtg charilles whose work ha8 a demonstrable benefft to the
environment. The Trusle8s work wilh Grgenwood Place ￿mited IGr8enwood Plac*) to fulfil the rol8 of their
exgculiw team and havo put in pla¢8 what they b81ieve is a doar and robust process for decision making and
grant managèmenL The Charity undèrtakes a prtractive approach lo grant making, and grnnls are offered lo
se18Ct oTganisations whose a￿1vilieS alvJn wilh this foujs. The Charity monitors the ber*ficiarie8 of grants lo
ensure thèl funds 8re spent In line with Its charilabte objedi￿, induding. not limi18d to. stx rnonthly
and annual reports on the use offurth progress In thelr respedht are88.
Page 2

HARTSWOOD TRUST
TRUSTEES. REPORT ICONTIMUEDI
FOR THE YEAR ENDED 31 MARCH 202fj
A¢hl•venwnts *nd prfomwnce
l&qln a¢hl•v•m•ftts of th• Chrfty
Followtng the eslablishm8nt of tho expendable endty•Anent In the pwlod lo 31 March 2021. Ihe Trust￿3 have
fomulale(l • gfanl maklng pomq and have researd)ed appropriate i$8u8s avMI woanlsotion8 for their grant
rnaking.
Durfng Ihe year, grants tot8lling £170.500 w¢ro mode lo tho folltr*lng In￿lon5.
CllonlE8rth - ClientEarth u8e8 ts power ol the low to tyJmb31 dlmate changè and poltullon. aecure peopl88'
•n¥lronm8nlal rfghts arwj prot8&1 and rgstorg ￿b[tats, wlldlwe and nabjral r080UW.
Project Seagfa68 . Prolect So#gr888 r8%&*f$88 the1088 of 6eagra88 meadows by lumlng 8CtgnllffG rnaearch Into
ca)nSep4a￿On acilon and educallon 8thern￿. •nd by cOl￿bor0t￿9 T￿th loc*1 communllle8 olhgrn to Imp
$8#gr88s ecosy8tem8 globally.
H801 R•wlldlng - H•al RowlIdin￿8 mlsslon IJ to con8epA and hnprove the natural and phyjlcal en￿ronmOnt In
England and Wale8, U8lnq tho proc•88 of milldlng to (08tore blolog1￿1 dfvernlty and eco8y8tem8.
Choo80 LO￿ - Ch0080 Lov8 help to respor￿ to global emergenc1￿, prthldlng eearch and T08ryA, ¢mwGanoy
mod1￿1 and vllal 8upplles lo help people rebulld th•lr11¥89.
Blg Gfve Gmn Match Fund . Thg 819 Gh'i annual onlln• match funding campa*n, I￿98d on tho
an￿rOnment
Furthw d•t•lbs c•n bg found In Nots 7 to the ac￿(Sn￿.
FlnAn¢lal r•vl•w
•. Golng con¢•rn
AS noted In 88clknI d. belw. the TruBto8N of the olarty have perfomed 8 81rntegtc rovlow ol th• Cho￿1￿$
operatkM$ and hm conduded that Hart8wood Trust bs no longgr 8 golng ¢onrAm. A vot6 to thè transfer of
fvnds lo a separats donor advl8od fund should take place withln 2025. fo11th￿n9 th18 Ume1118 the Intentton of thvj
Trustees to ￿n&uP and dlssofve Hartswood Trusl. in favour of thè o$tabJiBhmènl 018 DonorAd¥t8ed Fund. AB a
f•8utt the Tm8tee8 have prepared the acc¢unts on • ba$18 olher than C￿ 8 goity Cont￿n.
b. RoMN•8 poll¢y
The re8•r￿ poky of th Char6ty18 cuffenuy being fomed based on tho plonned ¢hwitable athAtkn In fuluro
porfodB. The I￿11 *lwAy8 ret*ln 8uffldent r08rn to o)¥er any expens￿ for the foM¢)wlng yoar.
Thg endowmgnl fund 1$ gxpondablg in nature, and h considered to con8ht of the valu9 of the Inbpslmgnls.
Indudlng the capft81 bank a¢xounl but exduding In(x)me a￿urrt balances. Where nece880ry, fvnds ore
tran8ferred to the unre8td¢led f￿d to support the thar61ablè aclivities.
At the period end. the Charity hthl total funds of £5.548.359, belng expendobl8 endrywment funds of £5.548,238
and unrestrlthd gonorol fun¢ts of £2.121.
Page 3

TRUSTE￿ REPORT ICONTINUEDI
FOR THE YEAR EMOED 31 MARCH 2026
c. Flnan¢lal rwl•w
Dudng the year. the Chaiity re(*lvad totsl In￿me of£343.302 from donatlon8 and knvestment holdlngs.
Totsl oxp8nditur¢ for the perljd was £258.923. Of thls Inbt8tmenl managemenl costs lotsled £43,815. grant
payments totalled £170.500 and other support costs totA118(1 £44,808.
Durfr¥J tha year. Ch£rW8 Inve8tmenl$ recorded a revalu8llon loss 01£80,813. this rnwll8d kn overall net
8ft•r In￿Stment galni and lo$¥es for the chath as 8 whole of £23.586.
d. Futyrn pl•n•
The TN8lees of the chartty have p8rfomied 8 stralegtc revlew of the charW8 opérallons and hav8 ConG￿￿ed
that tt8 tharltable pu￿•se r￿Uld be $8r¥ed wth gfeoler Impact #nd te8$ admlnlstratbve I￿rden through a dbfferonl
fr8mvNork. For th1$ rg88on. Ihe Trustees have agreed lo trgnBfer the fund$ ol Hgrtswotsd Tru8t to a donor
a¢fvi8ed fund. through whlch the objecti￿$ of tho charity WHI ￿)n￿nUe lo bè pursued. Tho transfer of fun
should tske P￿c& wlthln 2025 or è8rty 2026. followlng th1$ Ilmé tt18 the knlentlon ol th• Tru81ees to wlnd-up Jnd
r•mo¥g H4rtswood TnJ•t from the rgglstor of Chadtlo8.
8tructyrn• qov0rn￿c• and MIn￿•m•nt
H•rt$wotyJ Tru8t18 a r•glslwod Charttth Incorporoled Orgonl88llon. number 1186582. 8nd18 comlltuted undèr
a Truot d￿d.
b. Pl•thod• ol•ppolnlm•ntor•l•ctlon of Tnwt•e•
The mgn8ggment of the Chwlty18 the r•spon8SbllSty of the Trusts•8 who am 81othd •nd ￿0ptsd under th•
tenn$ oftha Trt￿l deed.
c. Fln•nol•l fl•k m•nag•m•Trt
The Tru$lee$ ha￿ as8e88ed tho major risks lo whith th8 Ch8rlty16 exposed, In partlcular those rel81gd to Ihe
operalon8 and finan(*s of the Charfty. and are tho1 $ystsm8 al￿ procedure$ are In place to mlllgo19
exposure to th• rf8k8.
Approved by ord•r Of1￿ MemboT8 ofthe Boaftl of TFu$tso$ and slgn8d on thelr behallty;
K Sutsrl•
Truste8
Date.. 11-10. &•
Page 4

STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2026
Thè Truste85 are rg¥>onslble for pr•paring the Tru8lees' Rem and tho ffinandal statements kn acMrdanc8 wlth
applI￿bIg law and United Kjngdom Accounung Standards IUnlt8d Kthgdom Generalty Awt8d Accounttr
Practice).
The law applicable to charfties in Erwland & W81e8 requstes the Tru$toes to prepare Ilnanclai stalemont$ for
oach Itnanaal whith ll￿0 a and falr vl8w of th8 State of affalr8 of the Chority and of Its In￿mIng fe8ource8
and appIl￿tion of rèsources, Includlng M8 Income and expendltufv, for that pedod. In We￿ring th08e flnandal
8thlèment8, the Trustfj8S aro roquiied lo:
Select suitablg aoxuntlng pollct8# and then apply thgm con81ot6nty',
ob8eNo the methods and prtndple8 ofthe Charlt688 SORP (FRS 1021;
m8ke ludgem8nls ond 8ccountlng 88tlmale8 that are r0380nablg and prudent.,
#tale whether 8pplk4ble UK Actsjunling Stsntsrds {FRS 1021 have beet) follryrt•d. 8Ut4ect lo any matedal
dèp8rtur88 dl8do8ed ond oxplalned In the Ilnandal 8lalemenl8'.
prepare the financ*1 8tgtomonl8 on thè golng c4)ncem ba61s unlgM tt h Inapproprlal• to presume th•1 th•
Charity wlll conllnug In buslneu.
The TN8tee8 are rnsponilble for keeplng adequatè act￿UntI￿a r•cord8 that •re suTrbnt lo show and eXpl￿n
th8 Charftys transactlon$ and dI8d0￿ wlth reasonable acywracy al any tlme the finan¢lal of the Cha￿Y
and ertable them to ensurn thot th8 finanritil Statements compty with the Charlti08 Acl 2011. thg cttè￿ty
IAccounh and R8p¢)rt61 Reoulations 2008 and the pro¥l8lon8 of the Trust d8ed. Thty are 8180 r88POn81ble for
Saleguardlng the as￿$ of the Chartty and hence for laklnu r•8wn#blb 8tsp8 for the PTOvenUon and d•l¢ctknn of
fraud and other IrregulgrftlO8.
Approved by order of the m8mbern of the Boafd ofTru8teeg And Slgned on tt8 bohalf ty..
Trustee
13_1é_t*LS
Page S

IMDEPENDEIIT EXAMINER3 REPORT
FOR ThE YEAR ENDED 31 IIARCH 2025
l report to the ChaTty TN8t•88 cm my a(XXMrt8 Charfty for tho yw ènded 31 Marth
R•Bpon•lblllll•* and Ba•lB al R•port
roqulremonts olts Chlthes kl 2011 Cthé 2011 W.
I report kn respect of my examNwtM)n of the Chafit(s aco)unts ￿ThIed out under sos*n 145 of th8 2011 Act and
In carTrlThJ (xrt my examh￿ I ha%* IrAh?￿d the aK$4kth DkecthM 91￿) ty th• Charfty Comml88th und8f
•￿￿on 144SJlb) ofth8 2011
Y(wr •ttentlon18 dr8*m to the fact thal fv Charfty wepsred thè *￿nts vAlh Acoyjntlng and
Reporfry by Chavltie8.' Statement of Re&Thmend8d PradK* apptkabb to wepaTuig thelr a￿ountS In
accordanc• with tt* FIMn¢lal sI￿d￿d appknbkn th tho UK and Republk of Ir81gnd (FRS 1021 in
prefwfjn￿ to tm Ac¢ountlng and Repothg ty Ctth: Stotemwtt of Rett4nmend8d Prn¢Xlce1s8L￿d M 1 Aprti
2005 vtht(* l• r•fwr8d to in the oxl•rt rngulolknrffj wlthdrv*m.
l und•r•t•nd th￿ INS ha8 be￿ In for atsxwtts to and fak 4(>%>rdanrA wlth
th• Gen0rnI￿ Attooed A¢o)unthw Pra¢tk• ky pwkndl bgglnrdng or aftar 1 J•nu•ry 2015.
I ￿np￿d my ￿•mIrba￿on. I c(th th•t no mallws, other Ih•n trthe fvlty dglalled bth, have to
accountlng wern nol k•pt In 18sp•ct olts Ch* ￿ rewtr•d by se(*lfm 130 ofthe 2011 Art or
the AC￿￿nts do not ac£¢rd with Ilw rnoxds:
counts set out thè Charthes {*xyxAmts ond R•[￿9) Regukntion$ 2008 oll*r than any requlrement
Ihat the •co)unls a Irue l* wh*h Is not a rnatr ConS￿red 8$ part of an independent
•xamlnalk)n.
unders￿Ing of the a0￿Unts lo be reathod.
The matter that has 0)￿ to my Is Ihe my exammion ofts rtwity. Itwas noted that
It Is th? in¢ention ofthg Iwstfjes to ThY￿1P dwrAy. A8 detaogd n Note 12 the 8lata))ents i*en
prepared on a basis +Jther than gJiThJ &)rKem.

INDEPENDENT EXAMINER'S REPORT ICOIITINUEDI
FOR THE YEAR EMOED 31 MARCH 2026
Thls report 18 made solety lo lh8 Chwills Truslaes. 8$ a body, In oc£ordan¢e Part 4 of the ChariU8S
IAGcounts and R8port81 Regulalions 2008. My work has been undertaken 80 that I miuhl state to tho CharW$
Tw$¢￿$ those matters 1am required to State to them In an Indepentlenl Examinerfs Report and for no other
PUWl8e. To the fullost extent pennitted by law, I do not aLwpl or wume r•spon8ibilty lo anyono other than the
Charity ond the Ch&rftys Trustegs as a body. for my work or for th18 report.
Slgnad:
ed: 1411012025
stuart McK8y 8Sc FCA DCI
MHAAud6t seryt¢￿ LLP, 6th Floor, 2 London W811 Pkn. EC2Y SAU
Pag9 7

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
Tolal
nd8
2026
Tolal
lund•
202S
2025
2024
In￿￿• endo*in•nts from:
Donatlons
In￿sIMOnts
226.000
118,302
118,302
110. 134
Total Incom• and •nO0￿Tr￿n￿
118J02
225,000
343.302
116,134
Expgndliur• on:
R818kng fiJnd#
Ch9thable ad¥ltl•8
2,603
212.80S
43,010
48.118
212005
41,900
161, 185
Tgtsl •xp•ndknr•
216,308
43,616
268,923
203,091
N•t lffte0m•ll•xp•ndl￿r•1 bthr• n•t
110•￿*)19•1n* on Inv••1M￿l•
Net11088eBllg8in$ on Inve8knent
7,0081
111,385
160,813)
14370
180.8131
(80,957)
213,419
10
itst rnov•m•nt In tsnd•
197,001
120,672
23,686
126,462
R•conclll•llon of tsnd•:
Tot•1 fund$ brought foAvard
Net movem￿1 k) fvnd8
99,127
197,Q061
8,426,M6
120,6T2
6,624.793
23,666
4398,331
126,462
Tol•l fwid• urrt•d fon¥anl
2,121
6,640,238
6.648,369
5,524,793
Th& Statement of FlnanLgal AGUvltto8 indud88 all gglns and losses rocognthl In the year.
Tho note8 on pages 10 10 19 frjmi part of th08• ffinandal 8tatomont&
Page 8

HARTSWOOD TRUST
BALANCE SHEEr
AS AT 31 PaARCH 2026
2025
2025
2024
2024
Flxod 485•ts
Investments
10
361,037
5,289,777
5,381,637
5,289,777
Curr•nt
Dgbtors
Cash at bank ond In hand
11
7.875
203,897
249,861
211,772
249,801
Cuft•nt Il•bMItto•
Credltorn.. Amounts famlrwj due wtthln or
12
(13,0501
(14,845)
191.712
235,016
T*)l*l notu••l•
5,648.359
5,524,793
Charlty fund•
EndlY￿nent funds
Unre8trkaed fund•
13
13
5,425,666
99,127
2,121
Totsl fwid•
5,648,369
5,524.793
The flnen¢*l 8tatoment8 were approved and authorlsod foT18$ue by th• TnMtee8 and S￿ned on ihelr b•h•W by..
K Sutarf•
Tnjslee
Date.. iJ- lQ-tsLS
note8 on pages 10 to 19 fomi part ofthe80 financlal stalemgnt8.
Pag8 9

MOTES TO THE FINANCIAL STATEMEMTS
FOR THE YEAR ENDED 31 MARCH 2025
G•n•rnl Informatlon
The HartsY•Jod TfLVJt 1$ 8 reglstered Chgrltable IncorpoT8ted Orgarl8akn Ichartty fBg15tered Thjmber
11865821 with the Charity Comm1681on In England and Wal&$.
Tho address of the reglstered offlca l& glvan In the Charty lrrf0mia￿0n on pago 1 of those financSol
Staternents.
Accountlng pollGI•¥
11 B••l• of pl•￿rItIOn of fln•n¢l•l •tat•m•nt•
The finonclal 81atements have been prepared in accordance wlth the Chartbes SORP (FRS 102) -
Accounting ond Reportlng by Charltles: Slalemenl ol R9￿MMended Pracdce appllcoblg to tharltlè8
prepa￿n9 thelr 8¢¢ounl$ In gccotd8rTh wlth the Fln8ndal Reporting Stondard appllcable kn thg UK
8nd Republlc of Irel￿d {FRS 102) and the Chri1188 Act 2011.
The flnanclg18tatemwrts b•on prepared lo glvg a Irue ond falrf ￿•W and haNp dgparted from
the Charfliej IA¢xounts and Report81 Regulallon$ 2008 only lo the exlent requlr•d to p￿de a 'lrue
and falrf vl8w. Th1$ d9partur• ha8 Involved foll￿￿ng the Charille8 SORP IFRS 1021 pub118hed in
October 2019 rathw than Ihe A￿untIng and Reportlng by ChoriUgs'. Statement of Recommended
Prade• effecll¥e from 1 Aprll 21x15 whlch has 81nce been wItt￿rnwn.
HArt8wood Tnjsl the definluon of a publlc b￿offt entdy tnd8r FRS 102. Auels IlabtllUgB
ar8 Inlti&lty rec¢gr¢lsgd at hlJlork¥l &)8t or tran8actlon valu? UFl888 OtheNth 8tated In th• Teknnt
attounllng pollcy.
Th• financlal stalernents aro pfopAr•d IrÈ pouThl8 st•rUng whlch h both tho functlonal and
pre88ntAilon41 ¢xff•ncy olthe Charlty and are rwnd8d to the neare8t pound.
Th• ilgniftcant a(uunllwvJ polifAos opplled In th• pTyraUon of finanejal statements are 801 out
bglow. Tlw8• pollct88 have begn ts)n8181ontly appNed to all pertods presenlod unle8s othephl8e
Slated.
2.2 Golng conum
The flnonGlal statsm¢nts have not been pr￿red on a golno &)ncem b8818. as tho Tru81808 tsrtend to
wkndup the charfty and apply for its remov81 from the reg58tgr ofchaiitles in 2025r2026.
13 Incom•
JI Incom& bs recA￿nised once the Charfty haB enllil6menl to the Income. it Is probal)la that th•
Inojme will be recelved and thg arnount of Income recefvable can be measured rellably.
Incomo tax reco¥erabl• In relg14on to Inwtmenl in¢ome Is rewlsed 8t th8 tlmo t￿ knve81ment
kncome Es fo￿l¥8b19.
P•p 10

HARTWNOOD TRUST
NOTES TO THE FINAKCIAL STATEMENTS
FOR THE YEAR ENDED 31 niARCH 2026
Accounthig pollcl•¥ (¢onllnuod>
2.4 Expondltsrn
ExpendI￿re18 re￿nISed once there 1$ a legal or ￿nstruatI￿ obltgauon lo Iran8f•T •conomle bentfll
to a Ihbrd party. it Is probable that a transfer of eeonomlc benefft8 wll be requlrgd In s&ttlem8nt and
the amounl of the obltgallon ¢An be measured rnllably. Exw)dtture is dasslfied by 8cU¥ty. Th8 costs
of oach adlvlty are mad8 up of the total of dlrect costs and Bh8red costs, Includlng support costs
VO￿ In undort4king 0￿h 8divrty. DlreLI ¢￿ts attrd)ut8blo to a slnglg aatt￿ are 8Kocal8d di•
to that acuvlty. Shared cost8 vthtth conlrfbuie to more than one 8cIfvIty and 8UPPOrt txsts whtth are
nol a￿1b￿labl0 to a slryltt a¢bvty gre apportloned b¢lw¢en those aclfvltle8 on a basls con8181enl wtth
the u8e of resource8.
Expendlture on ralslng funds Indude8 all 8xp•ndtture In(¥JTh•d by th8 Charlty to rnlw fund$ for
charltable puryoses AfKI kndudes Investm￿1 managero)818.
Expondmure on chath8bl• 8cilvHlo$18 In¢urrgd on dlredy und8rtakln9 tho ac1M￿ wNch furlhor the
CharlV8 obJective8. 88 W8N as 8ny a880l￿ated 6UPPOrt ￿$ts.
Grants pAy4bl& are ¢￿ty•d in tho yearwhen the offor 1$ m8d8 except In th088 c8888 where the offer
16 condfttonal. 8uch grnnts bglng reoJgnls¢d 88 expgndtturo w￿n thg Gondlttons attathlng are
fvffllled. Grants offered sublect to o)ndRionJ whlch ha4• not be•n m•t al th• year end •r• not￿
¢ommllmont. bul not acuued as expgndliurn.
All èxpendliure18 Indu81¥e of Irrewerable VAT.
2.8 Inve•bNnts
Fixed asset Investments arn a form of ffin•ndal InB1￿ment and are Inmlally rK4nlsod 81 thelr
trangaouon rnst ond subsequenfy mgaBurèd al Iglr value gtthe Balartce Sh8gt d8tg. unl88$ Ihg V8lug
cannol be mea8ur•d rnllabty In whlch ¢as8 tt18 measured at C081 le88 tmpalmenl. Investment galns
and losse8. whelher Teallsed or unrtall8ed. are ojfflblned and pre8ènt•d 88 'Galn8llL088O8) on
Imiestmgnb. In the St8lefflenl of Flnancial Advlll88. As In￿91￿8ntB are Tgvalued conttnuou81y to f8tr
value, no rea118ed or1056es arl88.
In￿ltments hgld as a88ets are Shown al ¢y)Jl198B provlston for ImpaI￿onI.
2.6 l>•btorn
Trndo and other debtor8 8re reccgnl8ed 91 the settlement amount aftw any trade dhcounl offered.
Prepaym8nt8 are valued at thè amount prnpald not of any tradè di8counts due.
2.7 C￿h ot bank and In h￿d
Cash at bonk In h8nd Indudes ￿$h and short-19rn1 hlghly tiquld knv8stments w5th a short Ma￿rfty
of three months or te88 from date of aGquth or openlng ofthe dep06tt or SIn￿lar aco)unt.
Page 11

HARTSNOOD TRUST
MOTES TO THE FINANCIAL STATEMEMTS
FOR THE YEAR ENDED 31 MARCH 2028
A¢courbtlng pollclm (conllnuodl
18 U•bUlll•• and provhlon$
LO8blllith are recognlsed when Ihore18 an obltgatlon al tho Balonce She8t date a8 a re8uIt of a past
event, It18 probable that a Ironsfer of eL￿noMIc b8nefft wlll be requlred In Sottlemonl. and tho amount
of the settlement can b& 08llmatod rellably.
LlgbUM88 4re recogn189d 01 thg Jfflount tho1 th• Chorlty antldpate• It wlll p•y to 1ott18 the debt or th8
amount It h•8 reCal￿d a8 advancad paym•rbts for thg good8 or*erkn811 mu8t provld•.
19 Flmnclal In•tNm•nl•
The Charfty On￿ holds bgslc ftnandal In•trument8. Tho Ilnenclol assets arKI fln4ndAI IIAb11th8 of th•
Charlty are as follows:
Flxe(108sg1 in¥estsngnt8 - aT• d88¥ffled a8 a baslc lknancm knslrumont are m￿ul•d at tslr
value 48 det¥lled In Note 10.
Cash at b8nk-18 daMlfied 88 4 b881c Ilnand•l InJlrum•nt oftd h m818urnd al lo￿ vahJ•.
L￿bIlItIe8 - accrual8 and other credlm are classffied 88 finondal Inatruments •nd m•#Burad at
•morJsed o)8188 detalled In Nole 11.
110 Fund •e¢ounllng
General fvnds aro unreBtFlctsd fvnd$ whlch are avaHabl• for al Ihg dl8tr•Uon ot the Tru81ee8 In
furt￿rance of the general of the Charfty and whtd) hoN* not been d88lgngtgd for other
pufF￿$.
Kpendable End￿*￿1￿nt fundB represent th08e assets vthl¢h musl btr held pem)anenlly by the
Charity bul ¢an be 8pplted on charftabtg aclfvlll88 al Ihg ilscrelion of the Trust￿8. In￿rne 4rf$lng on
the endowment funds be used In #¢cfJrdonca wmh the oblects of the Charity and Is Include(l in
unrestrided Income. Invostrnenl man89omenl ctsBtS are deducled dlredly from th¢ ¢ndtrwmenl fimd.
Inveslmenl Incom8. goin8 ￿dIo$s81 are allocaled to the appmprfats fund.
Incibm• fr￿? don•tlo
Endowmènt
fund•
2026
T4A•l
fun(h
2025
Tot41
2024
Don8kns
225,000 226.000
Total 2024
Page 12

HARTSWOOD TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Inv••tsn8rt Incom•
Unr••trlctsd
funds
2028
Totsl
fund•
2025
Totsl
2024
Dmdend InC￿me
Interest Incom•
113,691
4.611
113,091
4,611
109,846
6,488
Totsl 202S
118.302
118,302
114134
Total 2024
110,134
116.134
Co•t of ral•lng fund•
Unrn•trl¢tsd End¢)¥m￿Tht
fund•
fvnd•
2028
2020
Tot•1
fund•
2025
Inveslment managgment I￿•
Support CO81 allocauon
43,815
43,010
2.003
2.503
43,615
46,111
Unmstrfded Endowmonl
2024
2024
2024
Invoskngnt management
Support cost olloc4Uon
39,858
39,858
2,048
2.048
39,858
41,906
Page 13

NOTES TO THE HNANCIAL STATEMENTS
FOR THE YEAR EMDED 31 ￿ACH 2020
AnatyMl¥ Ol•xp•ndl￿rn on charliablo xll¥lO•s
Grant
fvndlng of
actlvltl
2025
8upport
costs
2025
Tot•1
fundB
2026
Charltable athtios
170.500
42.305
212.8D6
Grant
fimolng ol Support
Total
2024
2024
2024
124000
36, 185
101.185
Furlhor dethlh on grnnts thg ye•rwt h found In Note 7 to tho a¢￿Vn￿.
Furthr d•l•H$ on 8UPPOrt Inowr•d In the y•ar con be found In Note 8 to the aceout)ts.
Page 14

HARTSVI(X)D TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Grnnls pAld tg InBtltsrflonB
31 Mar¢h
2026
31 Mar
2024
Prolgcl Soagra$8
CllgnlEorth
Amazon Wolth
Choose Love London
Tho Blg Glve London
Hoal Rewlldlng Fromo
35.000
50.000
24000
28.000
26.SlJO
Totsl grnnts ￿ld
170,fj00
125,000
Analy•l• of •upport ¢o•t•
31 March
2026
31 Maffjh
2024
Pfof•sBlonal lo•$
G0veMn￿ o)8ts- Indep￿d￿l •x8mln•r8 fees
Membernhlp and 8ub8Crtpllon8
Int•rn8t and charo68
Oonallon made
32,180
31.190
4,095
2.639
91
258
s,000
44,80B
38,234
The Charfty has wnployees ond Ihe Tru•t888 arn ￿nS￿ler8d lo ba Iho Key Man8g8m•nt PoThonftel.
L)uTlng the yow, no Tru5108s r￿1Ved any rwnuneratton or olhar t￿n0fftl (2024. £NIU.
Durkng th? year endgd 31 March 2025. no TruBlee exp8n$88 have bgen incwre(1 (2024- OIIL).
Page 15

NOTES TO THE FINAIICIAL STATEMENTS
FOR THE YEAR ENDEO 31 MARCH 2026
10. Flx•d •M•t Inve•tm•nl¥
T•)l•l
C¢Mltorvaluallon
Al 1 Aprfl 2024
Addltlons
DIsFwIs
Revaluatlons
15.089.T17
1,071.079
11,400,707)
(60013>
200,000
2,361
5,289,Tn
1,$73
IIN60,7671
160,813
At 31 Marth 2025
5.149,276
202.381
5.361.637
14•t book valu•
At 31 M•rch 2025
5,149,278
202,361
43SI,037
At31 M&rch 2024
5,089,777
2Tr).000
5,289,7n
Llsted Investm8r￿S aro man8g8d by Sthrod8r & Co Ltmlted. Sodol InvgBtments are held al c￿1 aro
Inv88tsd In the A8L*n$it)n Fund managed by Condull Connect.
11. D•btor•
2026
2024
wlthln on• y￿r
Prepaymonts
7,876
7,876
11 Crodltorn: Amounts falllng due wlthln on• y•r
2026
2024
Awual8
15,060
14.845
Page 16

NOTES TO THE FINANCIAL STATEMENT8
FOR THE YEAR EMDED 31 MARCH 2025
Statom•nt offund•- ¢urnnty
B4lanu at
31 MaKh
2025
Balance at I
April 2024
Gain
ILo88ts)
Incoyne Expendi￿rn
General funds
99,127
11V02
1215J08
2,121
fundB
Expondablg endowment fund
S,686
224000
{43,615)
1600131 W,238
Totsl offunds
6024,793
343a02
1258,9231
160,8131 $,648,369
During the to 31 March 2021. * expendable el￿0V￿ent th*ted to the Charity. The
endcwment donalb)n consisted of caprfal and Se￿wit[eS. all of vthid) were transfe￿ed d￿edlY into the
Ilxed asset Inveslment accounts of Hartswood TrusL The EndowTnfjnl fund is gxpgndable tn nalurg. and
is considèrèd lo consist of the value of the Ilxed asset investments, nicludlng the capttal bank aLvJunts,
but excluding the income ac￿unts. as inojme generatad on and￿￿nent may be used for the chaii1rf8
general obieds. An addthnal endowment donatton 01 £225.000 was made lo the Charity, further detwls
oft**lch can bg found in Nole 15 to the a(￿un
Where necessary. funds y￿(1 betransferred to the unvestrthd fund to support thg Charity$ actsthes.
Page 17

HARTSYIOOD TRUST
NOTes TO THE FINANCIAL STATEMEMTS
FOR THE YEAR ENDED 31 MARCH 2026
11 Statemont (rffundts l¢ontim*d)
stst•mont of fvrtds- prloT year
Ba18nce al
Translers
Gginw 31 Ma￿h
jnloul (Lossgs)
2024
8818nco 81
l Aprf12023 InGome Expendilure
fund8
G8ner81 ￿ndS
21.226
114134
{163.233)
125,th
99.127
Endowm•nt
funds
¥pendable
8ndwngrtfund 5,377,105
(39.858) (125,oco)
213,419
1424666
T¢)tsl of funds
5,398,331
116. 134
(203,091)
213,419
&524.793
1& An•fy8i• of n•tas¥•ts btstw•en fvnd•
AnAly•lJ of R•t beiween fvnd8.¢urnntythr
Total
fvnd8
2025
funds
2026
funds
2025
Flxed ass8t inve81ment8
cU￿Trt ass8ts
credito￿ due wthin one year
5.351,637
15.334,4e6) 5,546.238
(15.050)
5.3S1,637
211.7n
{15.OSOI
Total
2.121 5.546238 4548J59
Page 18

NOTES TO ThE FINANCIAL STATEMEKf8
FOR THE YEAR ENDED 31 K4RCH 2025
14 AMly•ls of n•t ••••ts b9(￿n lund¥ l¢onOnued)
Anafy81• of nrta•••ts lJolw•on fi•nd•. prfor y•ar
Total
fvnds
2024
und8
2024
2024
5289,777 4289,777
135,889
249.881
(14.845)
Current a88et8
cred110￿ du• vAthln on•
113,972
(14,845)
Totsl
99,127
4424606
4524,793
1& R•lAted yrty tr•nM¢Uon•
Durlng the ￿11, an exp8ndablo •ndvwm8nl donakn d £220,0(X) (2024 - £NILJ w•8 donatsd to tha
Charlty by the ￿tAl$ ofthe101g Mr and Mrn MB Sutarfa who aro f8mlly membern of Tru8lee8.
Goods and lerykes vrith 8 tot41 ¢osl of £1,839 (2024- £1,858) ww• al•0 pjld on b8h8if of Ihe Ch8rfty by
K Sularfa, a TNst••. Th• v8lug ofthoeo good8 arKI 9•r￿￿O ha8 be•n fvlty r•lmbur•ed duthg the year.
Pog8 19