Charlty rngl8trallon numbgr 1188401
THE HINCHINGBROOKE FOUNDATION
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

THE HINCHINGBROOKE FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr P Cox, Chair of TnJstee$, former G0￿mOr of St Peterfs School
MrA Buder, Representing Hunllngdon Almshouse Chaiity
Mr M Joynei, fomer Govemor of Hinchingbrooke School
Mr T V￿eel9y, Tea¢hei at Hinchingbrooke School
Mr J Leaver. formei Govemor of St Peterfs School
Miss L Inskip. Govemor of Hinchingbrooke School
Mr P Sadler, Gov8mor of St Pataes Sthool
MrA Hunter, Pmcipal of Hinchingbrook¥ School
Mrs C Ducket. Busin&$$ Manager of Sl Peterf$ School
Mr M Pinder. Vice Principal of Hinchingbrookeschool
(Appointed 20 November 20241
(Appointed 20 November 20241
IAppoinled 20 November 2024)
Charfty
number
1188401
Principal
addrnJ•
clo Hinchingbrooke School
Biampton Road
Hurtlingdon
Cambridgeshi
United Kingdc*
PE29 3BN
Auditor
29t$ Audit Services
W8Stpoinl
Lynch ￿tI)d
Peterborough
Cambridgeshire
United Kingdom
PE2 6FZ
Soll¢itor4
Roythome$
The Incubator
¢onbury Enterprise Campus
Huntingdon
Cambridgeshlre
PE28 4XA
Investm•nt CCLA Fund Managers Limited
advlsors
One angel Lane
London
EC4R 3AB

THE HINCHINGBROOKE FOUNDATION
CONTENTS
Page
Trustees. report
Stsl&mfjnt of Trust88s' responsibilities
Independenl auditorfs report
Statement of financial actNities
10- 11
Balance sheet
12
Notes lo the finan￿81 statements
13-24

THE HINCHINGBROOKE FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustee$ prgsent their annual reptsrt and financial statements for the year ended 31 March 2025.
The finandal statements have been prepared in accordance with the occounling policles set oul in note 1 to Ihe
finanGial sl8lements and comply with Foundation's governing document. the Charrtie5 Ad 20118nd'Accounling
and Reporting by Chanties.. Slat•menl of Recommended Practice applicable to charTtie8 preparing their accounts in
e￿OrdanCe with the Finanaal Reporting Standard applicable in the UK an¢J Republic of Ireland IFRS 1021"
leffeclive l January 2019).
Obj•etlvè¥ and activhlès
Policies and objeclivgs
It 1$ the policy of Ihe Trustees to provide beneffts in accordance with the objects of The Hinchingbrooke Foundation
and lo have regard. w far as possible. lo maintaining the value of the capital ol the Foundation in the interests of
future as well as current benekiaries. Trustees budget on a conservative basis, 8eeknng to match expendrture lo
annual income. Where grants in exce8s of annual income have bèan awarded for large scalg building pYoj¢¢Xs, prior
arrangements have been made with the Chatity Commission for replacement of capital $0 used. In addilKJn,
Trustees have agreed advan(*s of annual grants from unrèstrtcted reseThes to assist capital Tenovat*Jns.
b. Activitie8 for achiewng oblecaives
The Hinchingbrooke Foundation is a grant￿1vIng educational charity. Funding is prowded to Hin¢hingbrooke, Sl
Peter's and Spring Ccrfnrnon schools and to local voluntary organisations working for the bengfil of young people in
the HLmlingdon area.
The Tru$lees award bursaries lo young people under the age of 25 who h8ve attendèd a schocl or ¢ollege in the
Hunlingdon area for al least years to assist wilh their education and development.
The Tru51ees have paid due regard lo guidanr* Issued by th8 Chaiity Commission in deciding what aclivitiès the
Foundation should undertake.
c. Grant making polic4es
The Trustees havo a eolledive responsibTIty lo ensure lund5 are disbur8ed approprbatety. Grants 8ward8d lo
secondary schools and ftjrther education colleges in Hunlingdon may prowde sp¢¢ial benefits of any knnd for the
school as may from time lo lime bg determined by its governors. Trustee8 may award Hinchingbrooke Schoctl not
more than one-third of the net incomè for the y&ar.
Trustees g&nerally consider appeals from heal voluntary or9anlsalions from wrrtten app4¢alkJns and reports of their
activities. Support lor organisalions working for and wilh young peopl• assists the e4u¢alion. davelopment and
well-being of young paople oulsida school.

THE HINCHINGBROOKE FOUNDATION
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
A¢hlevements and perfomMnce
. Investment ptrlicy and pèrftsmiance
The Foundation's quoted investments are managed by CCLA on a Discretionary Inveslmonl Management Service.
A8 al 31 M8iGh the portfolio is 96°A is invested in the Common Investment Fund anLf 4C/o in the Property Fund.
CCLA manage four portfolios namèty thè Pèm)anent Endowm8nt, Unreslricted,Restricted Fund for Prizes and Th8
Hinchingbrooke House contingency fund. The ￿u8 Of the fvnd$ ￿e￿ased by £467.343 {£826.026 increase in prior
year} to £10.121m1£10.437m in prior yearl
The Trustees have a balanced attrtude to risk and are th￿efOre prepared lo accept inve81ment risk In order to
achieve the longer-lerm objectives of the Foun¢Jatson.
The purpose of the Permanent Endowment Fund is lo maintain and enhance the real value las measured by CPI)
perpetuity. The Trustees are happy lo receive the natural irKome yield of the undertying invèstmants held in the
portfolio. The caprtal from the fund cannot be used to fund expenditure.
The purposè of the Unrestrictèd Fund and Restricted Fund is to maintain and enhance the real value (as measvred
by CPI) over the longer-lerm 110 * years). The Trustees are happy to receive the natural income yield of the
underfying investments held In the portfolio. The capital from the fund ¢an bo ussd to fund 8xp8nditure.
The objective of each portfolio is lo achieve a retum of CPI + 4% per annum net of fees on a S-yo¥r rolling basis.
There is an annual in¢om& larg8t of £250,000 from the combined portfolios, whi¢h Is ￿vIewèd by Trustees annually.
The Designated Fund (created IJar¢h 20251 1$ invested in Accumulation Units with the automatic reinvestment of
income earned from the undèrfying portfolio Thè CAPital from thè fund, subject to Trustee approval, can be
drawdown by Hinchingbrooke School only for fepairs and maintenance lo Hin¢hin9brooke House. S¢e under
Financial Review a. Reserves policy.
Total resource$ arising to the Foundation in 2024125 were £309,069 {prior year £302,254). A 3.OOOA return was
achieved on the market valuè of holdings al the year end. There were no changes 1¢ Ihe Fouftdalion's investment
land holdings during the year, of £364,780. No valuè is attributed to thè School site as no value could be realised.
Details of the investments of the Foundation al 31 March 2025 and of the movements during tho year ended on that
date will b6 lound on pages 19 and 20 li the NIAes 10 and 12 to the Finandal Stslemenls.
b. Charitabk ¢ontributions
£234,877 of income was dlslrfbuted aiyoss a range of sthools, loGal voluntary organisations and individuals in the
Huntingdon area induding..
64 indiwdual bursaries lo students lo assist with their edu¢ation in the sum of £23,887
9 grants to local groups incIL￿ing Fusion. Kite Twsl. Hunlingdon Gym, Huntingdon Youth Theatre and
Hin¢hingbrotske Scouls of £36.233
To Hinchin9brooke School, Sl Pelerfs School and Swing Common School grant payments of £136,257 to
allow the respective schools to prowde addrtional benefits and assislance for their 51udenl8.
£12.125 across Hlnchingbr¢x*ke S¢hool and Sl Peler's School as Hardship Fund Bursary p3ymenl to help
students with unexp&ctèd costs such as transport or unrforms
£20,000 of the Hinchingbrooke School gfanl was retained as capital repayment on a current loan advance
of £73,1100 for varKTrus projects * the S¢hool. Thè advance is duè foi repayment in 202812029.
An advance of grant of £50.000 was made lo St Peter's School in May 2022 for the refurbishment of an
existing building lo provide additional leaching facilities. £15,000 ol the grant wa$ rgtsin•d as Gapilal
repayment on this advance which is due for repayment in 202512026.

THE HINCHINGBROOKE FOUNDATION
TRUSTEES. REPORT (co￿rINuED
FOR THE YEAR ENDED 31 MARCH 2025
Flnanclal r•view
a. Reserves poly
Other thèn noted below it is the cuThent policy lo disburse tha annual income in line with the objectives and grant
making policies of the charity. As such it is not the intention to a¢¢urnulale a level ol r&setvgs other than lo ensure
th8 abilty lo repay th$ £14,200 repayment to the defermd grant acwunt as noted under {cl tr*low.
Following the change of status of Hinchingbrooke School from Local Authority Controlled School to Academy in
2011 and the subsequent 12>yeaT lease from the Foundation to the sthool for Hln¢hingbrookÈ Hous8 it was
agreed that a reserve propety fund of £100,000 wa$ de$ignat8d, from Unrestrict¥d Funds. for drawdown if requlred
foi repairs lo Hinthingbrook¥ House. Trustees agreed to increase the fund to £150,000 from November 2024 and to
create a Designated Fund invèsted in Accumulation Uniis.
b. Management and administration
Income in 202412025 exceeded expenditure18xduding the costs of capital repaymerrtsl by £27,542. Incom¢ was
2.25/ hSgher and tharilable expendrtur• was S.3.￿ lower than in tha prèvious year. Resources used for
goveman¢e, administration, property maintenance and insurance of the Foundation were £32,450 versus £32,662
in the prwous year.
¢. Buikling grants
In 1997 the Charity Commission authorised Trustees, use of Pérmanent Endowment fund$ lo extend a £1 million
Local Aulhorty building programme whid) was ￿)Mpleted in July 1999. Th8 Foundation's ¢atxtal contributicm of
£850,000 is being replaced from annual income over sixty years In accordance with Charity Commission
requirèments. This wmmenced in 199912000 with a p8yrnenl of £12,200. From 2000101, annual paY￿￿ntS are
made at the rate of £14,20CI for 59 years. The current balance is £240.71612024- £262,000)
structuro. governanc• and manag•mgnl
Thè Truslees who Served during the yeaT and up to th& dale of 5ignaluie ofthe financaal stslements were..
Mr P Cox, W￿e chali, fofflier Govemor of St Peterfs SdTrool
Mr A Buuer. Reprèsenting Huntingdon Almshouse Charity
Mi M Joyner, fornier Governor of Hinchingbrooke S¢hool
Mr T Wheejey, Teacher at Hin¢hingbrooke School
Mr J Leaver, fomer Govgmor of Sl Peterfs School
Miss L Inskip, Govemor ol Hinchingbrooke School
Mr P Sadler. Governor of Sl Pelerfs School
MrA Hunter, Principal of Hinchingbrooke School
Mrs C Ducket, Business Manager of St Peter's School
Mr M Pinder. Vice Principal of Hind)ingbrooke School
Mr P Fenney. Resigned March 2025
MT5 Mazzie Bartimus, Resignèd Novemb•r 2024
Mr Mark Patterson, Resigned July 2024
Mr John Brown, Resigned Juty 2024

THE HINCHINGBROOKE FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Conslilulion
The Hinchingbrooke Foundation's charity registeréd number, address of its princApal office and names of all ils
trustees are detailed on the adminislralive details pages of these finèn¢ial slal¢mènts. The Foundation is
Charitable In¢orpc*rated Organisation (CIO) approved by the Charity Commission in Marth 2020.
The Charity Cornmis8ion approved the Iransfef and lagal title of Ihe investments and land from the Official
Custodian lo the CIO on 8 June and 19 June 2020 Tespectively.
The Conslilulion of the Charity slates a financial contribution to the St John's Almshouso Ch8rity 1$ required lo bo
made after whith the Trustees may apply the nel annual incorne after adminislr8lion expenses In the following
manner..
In woviding special benefits of any kind for Hinchlngbrooke School not exceeding one third of nel annual
income..
In prowding other education benefits for young people under the age of twenly-five who live in Hunlingdon.
GodTnanchesler and the neighbouring area. This may be discharged by making finan￿31 awards to en8ble
them lo further their education or to voluntary organisations in the area whose objects are compatible with
those of the Foundats'on..
In providing special beneffts of any kind lor any other Secondary School sgrvlng the area.
b. Method of appointment or election of Trustees
The managemènt of the Charity is the responsibilty of th8 Trustees who have been elecled under the terms of the
CIO. Trustees are nominated by the Ch8wman of Trustees and appointed for a term of fouT years by resolution of
the Trustees.
The Trustee boty comprises be￿een seven and Iwelve Tiustees induding the Prlnch)al of Hinchingbrooke School,
one Sthool Governor from Hinchingbrooke School and one representalwe lif 8vailablèl from St John's Almshouse
Charity in Huntingdon. Other Trustees are drawn from local c#)mmunrty organisations and 8ehoolsl Colleges who
serve in a person81 ¢8pa¢ity only.
No person shall act a8 a Tru51ee until he or she has stgngd a declaration of acceptance and of willingness lo act in
the GIO. On appoinlrnenl, Trustees receive iegular reports on the managèmènt of The Hinchingbrooke Foundation
rinanc8s and the legal requirements of Trustees who develep their knowledge and understanding through personal
study and peer group discussion al Trustees meetings.
Al the end of th8 y8ar th8 Trusteo Body consisted of one Tru5te8 nominated by the Trustee$ of the Sl John's
Almshouse Charity., The Principal of Hinehingbrooke School, One School Govemor frorn Hinchingbiooke School
and eighl other appointments made In accordan￿ wllh the Gonstitlrtton.
c. Pay policy for senior staff.. The Charity doe3 not employ any $tsff dire¢dy and therefore has no such policy.

THE HINCHINGBROOKE FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
d. Organis8tional structwe and derAsion making
Trustees agree to meet Ihraa times a year lo consider appeals received from eligible lo¢al ¢omrnunity
organisalions and lo rewew the investment and disbursement of Foundation funds and managèment of
propety and facilitie$.
In addition, Trustees havè appointed a Bursary Committee to conslder, three limes a year, application$ for
9rants I bursarigs from individuals
A Foundation Management Committ99 from among them ¢gn be convened lo conslder issues on ts8haFf of
the full body, as necessary.
In August 2011. the Trustees agrefrd terms for a lease to th& Academy schixjl of the propety owned by th8
Foundation lor a period of 125 years, having first commissioned a Report under Section 36111 of the 1993
Charities Act from Chartered Surveyor5. Carter Jonas, in iespecl of thè disposition. This Report conduded
that a transfer of propgrty maintenance and r¢pair responsrbililies from the County Council lo the Academy
Foundation did not place the Foundation in a worse position Ihan before the disposiEion.
In exercising th¢ir responsibilities, the Foundation Trustees have a duty to 8nsurè that they avoid any
nflict of interest or duty with their role$ as Govemors of Hinchingbiooke School or St Peteffs School.
The Trustees appoint a Manager lo administer the Foundation. The Manager is MT A Hendersgn, and this
appointment was confirmed by the Ttuslee5 for a further 3 years from 1 July 2024. The FoundatK*n
Managers responsibilities include 811 aspects of governance and finanoal management
ACES Academies Trust, a Mtslli Academy Trust (MAT) wa8 formed in January 2018 to replace the fomi8r
Academy. 11 was agreed, following legal advice, that no changes were required to the lease arrangements
wllh Hinchingbrookè S(a)ool, which continues to occupy the school property on a 125-year lease.
As regards the repre5enlalion of the Foundation on the MAT, it was agreed that the Foundation Mll have
o represenlallves. one lo sit on thè MAT board and one to $it on Hinchingbrooke'$ Local Goveming Body.
11 was lurther agreed that grants to Hinchingbrooke School woulj be for the exdu8ive benefit of that school
and not the MAT.
e. Risk managern8nt
The Trustees havg assessed the major risks lo which the Charity 1$ exposed, in particular those r8lated to the
operations and finances ol the Charity. and a￿ satisfied that systems are in place to m(cigale exposure to the major
rfsks. The capacity of the Foundation lo sustain its grant-awarding fvnction is largely dependent on the In￿me fiow
from ils investments. In assessing external risk$. the Trustges agiee an annual budget for grants in the light of
expected in¢ome, monitor incomè and expenditura thrtsu9houl the year and review their Risk Register and
investment and reserves policy annually. Inlemaj risks a￿ minimised by the implementation of procedure$ for
authorisation of all transactions and by the annual $tstulory audit conducigd. Accounting processes are set out in an
operations rllanual. Risk of deterioration to the property estate is mitigated by steps tak•n by Trustees to a$sisl the
School in ils responsibiltties.
Auditor
In a¢¢y)rdance with the company's articles. a resolution proposing that Azels Audit Services b8 reappointed as
8udilor of the company WIN be pul al a G&n¢ial Meeting.
Dlsclosuffj of infomiatlon to audttor
Each of the Trvstè&s has confirmed that Ihew is no infomiatlon of whrch they are awaTe which 1$ rglevanl lo the
audit. but of whith the auditor is unaware, They have further confirmed thal Ih8y have taken appropriate steps to
identify such relevant infomiation and to establish that thè auditor is aware of su¢h Info￿atIon.
The Tru
rt was apWOv￿ by the Board of Truslg8$.
Mr P Cox, Chalr of Trustees, fomier Govemor of St Peterfs S¢hoo1
Tru$l•e
Dale..

THE HINCHINGBROOKE FOUNDATION
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
The Truslegs are resFK)nsible for preparing the Tnjstees. Report and the financknil statements in accordance with
applicable law and Unlled Kingdorn Accounting Stsndards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England and W8l&s requires the Trustees lo prepare financial statemgnls for each
rinancial year which give a true and fair view of the slate of affairs of the Foundation and of the incoming resources
and application of resources of the Foundation for that year.
In preparing these financial 51atemènts, the Trustees are requir9d to..
- seled surtable accounting policies and Ihen apply them cnnsistently-
observe the methods and prlndples in the Charities SORP.,
make judgements and estimates that are rèasonablg and prudent.,
stale whether applicable accounting Standards have be8n folk)w¢d. subject to any m8lerial departures disdosed
and explained in the financial $latemenls, and
prepare the finanrial statements on the going concem basi$ unles$ it is inappropriate to presum8 that the charity
will continue in opefallon.
The Tru8le&s arè responsible for keepin9 sufficient accounts.ng le￿rdS th81 disclose with reasonable accuracy al
any time the financial position of the Foundation and Ènable them to ensure Ihat the financial stalemenls comply
wrth the Charilles Act 2011, thè Charity IA¢counts and Rèports) Regulalions 2006 and the provisions of the Itust
deed. They are al$ts responsible for safeguarding the assets of the Foundation and hence for takin9 reasonable
steps for the prever)lion and detectlon of fraud and other irTegularities.

THE HINCHINGBROOKE FOUNDATION
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE HINCHINGBROOKE FOUNDATION
Opinlon
We have audited the finan¢lal statements of The Hinchingbrooke Foundation {Ihe 'Foundalion'l foi the year ended
31 March 2025 whi¢h comprise the statement of financial actiwties, the balance sheet and notes lo the finanual
statements, including signrficanl accounting PDlicie5. The finanaal rsporting framework that has been applied in
their preparation is applicable law and United Kingdorn Accounting Stsndards, induding Financial Reporting
Standard 102 The FinancAal Reporting Standard applicable in the IJK and Republic of Ireland (United Kingdom
Generalty A¢eepted Acwunting Practice).
In our opinion, Ihe f#)ancial ststemenl5.'
give a true and fair VI￿ of the slate of the charitl$ affalrs as at 31 March 2025 and of its incoming resources
8nd application of resources, for the year then ended,.
have been Properfy prepar￿ in accordance wrth United lfjngdom Ganerally A¢¢epled Accounllng Praclic6'.
have been pr8pared in accordance w#h thè requirements ofthe Charities Act 2011.
8ag1B lor opinlon
We ¢onducted our audit in accordance with International Sland8rds on Auditing (UK) IISAS {UK)l and applicable
law. Our responsibilities und&r those standards are further described in the Auditors Trsponsith-litiès for the audit of
th& financial stafgm&nts section of our report. We ar¢ independent of the Foundation in accordan¢e with the ethical
iequiremenls that are relevant lo our audit of th8 finan￿al statemènts in the UK. including the FRC'S Ethical
Standard, and we have fu￿illed our other èthical responsibilities in ac¢ordan¢e with these reqijirernenls. Wa bdieve
the audit evidènce we have obtained is suff￿le￿I and appropriats lo prowde a basis for oui opinion.
Conelusions r•latlng to going concern
In auditing the finanual stat8m8nls, we have concluded that the Twsteès. use of thè going conc8rn basis of
accounting in the preparation of thè financial statements is appropriate.
Based on the work ￿ havs performed, we have not klenlified any material uncertainties relating to events or
condititsns that. indiwdually or eolledively, may cast Signtfieant doubt on the Foundation's ability to continue as
going concem for a period of al least Iwefve months from when the financAal stal$mttnls are aLrthorisèd for issue.
Our responsibilitiÈs and the responsibilities of Ihe Trustees with rèspect to going cOn￿M are describ&d in the
relevant s8¢tK)ns of thi5 report.
Other informallon
The other inftsrmalion comprises the information induded in the annual report othèr than the ffinancial $lal?menls
and our audrtor's report fftereon. The Trustees are responsiblo for the other infomiation contained withln the annual
report. Our opinion on the finand81 $18lements does not eover the other infomalion and we do not expre88 any fom
of assurance condusion Ih&reon. Our responsibilty is lo read the other infom81ion and, in dr)ing 80, consider
whether the other infomi8lion 15 materially inconsislenl with the financial statements or our knowledge obtained in
the course ol Ihe audit. or otherwise appears lo be materially misstated. If wè identify such material incon51Stencies
or apparenl matarial misslalements, we are requlred Its determine whether this gives rise to a fflalerial misststement
in the financial 51alemenls themselves. If, based on the worto w& have perfornied. we ¢on¢lude that thara is a
material misstatsment of Ihis other infom)alion, we are required to roport that fact.
We have nothing to report in this regard.
Matters on whleh w• •r• r•quired to report by èx¢•ption
We have r￿thIng lo report in ￿SpeCt of the followin9 matters in relation lo whl¢h the Charities (Accounts and
Reports} Regulations 21J08 require us lo report lo you if, in OUT opinion..
the informath'on given in the flnanryal Statements is inconsislenl in any malerial respect with the Trustees.
rèport,. or
$uffi¢lenl accounts'ng records have not been kept,. or
the financial stslements are r￿t in agreement wfth the accounting records- or
we have not re¢eived all the infomiatron and explanations we r8quir& lor our audit.

THE HINCHINGBROOKE FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE HINCHINGBROOKE FOUNDATION
R•$ponsibilities of Trustees
As 8xplain8d more fully in the statèmént of Trustees, responsibilities, the Tru51ees are iesponsible for the
preparats'on of the financial statements and for being satisfièd that they give a true and fair view. and for such
inlemal ¢onlrol as the Trustees determine is ne¢essary to Ènablè the preparation of financial statements that are
free from material misstatement, whether due to fraud or error. In preparing the financial slatements, the Trustees
are responsible foi assessing the Foundatson's ability to continue as a going conce￿, disclosing, as appli¢ablo.
malters related lo going con¢em and using the going concern basis of accounting unless the Tnjstees either Intend
to cease operations. or have no reaThsti¢ allemalivè but to do so.
Audttoe$ rèsponslbllltlès for thè audit of tho financial statsments
We have been Appointéd as auditor un(Fer section 144 of the Charities Act 2011 and Teport in accxbrdance with the
Act and relevant regulation$ made or having effed ihereunder.
A further description of our re5ponsibililies is available on the Financial Reporting Councll's website al.. https'.11
WVwW.frc.org.uklaudilorsrespon5ibililies. This description forms part of our auditorf5 report.
Extènt to which the audit wa5 considered ¢apab￿ of d•tsetlng irregularities, in¢ludlng fraud
Irregularities, induding fraud. are instances of non-compliance with13ws and regulations. We design procedures in
line with our responsibilities, ouuinad above and on the Finantyal Reporting Council's website. lo detect material
misslalements in rèspect of irregularities. including fraud.
We obtain and u￿ale our undeistsnding of the entity. rts actmties. Ils control en￿rOnMent. and likely ftrture
developments. including in relallon to the legal and regulatory framework applicable and how th8 èntity is ￿MplyIng
with that framework. Based on this understanding, wè identfy and assess the risks of material misslalement of the
financial statements, whether due to fraud or error, dèsign and perfomi audit procedures responsive to those risk$,
and obl8in audit evidence that is sufficient and approprlale lo piovide a basis for our opinion. This includes
consideration of thè risk of acts by the entity that were contrary lo appli¢able laws and re9ulations, including fraud.
In response to Ihe risk of Irregularflies and non-compliance with laws and regulation$, induding fraud, we d&signèd
proc8dures which induded..
Enquiry of rnanagemenl and those eJ)argèd with govemanca around actual and potential Irtigalion and
daims as well as actual, suspected and alleged fraud.,
Reviewing minutes of meetings of those charged with goveman¢e:
Assèssing thè extent of compliance w¢th the laws and règL)latKJns considered to have a direct material
effect on the financial statements or the operations of the entity through 8nquiry and inspection..
Reviewing financial stalernenl disdosures and tesb'ng to SuppO￿ng documentation to assess compliance
with applicable laws and regulations.,
Performing audit work over the risk of management bias and ove￿Ide of controls, including le5ting of
journal entries and other adjustmènts for appropriate￿$$. evalualing the business ratlonale of signific8nt
transactiDns outside the normal course of businèss and reviewing accounting estimates foi indicatois of
potential bias.
Because of the inherent limitations of an audit, there is a visk that we will not detect all irregularities, including those
leading to a material mis$lalém&nl in the financial $lalemèrtts or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation 15 removed from the èvénts and transactions reflected
in the financial stalernenls. as we will be less likely to become awaTe of instances of non-wmpliance. The risk of
not detecting a material misstatèmènt resuhing from fraud is higher than lor one resuf(ing Irom error, as fraud m8y
Invol￿ ￿lluSIon, forgery, intentional omissions, misrepresentations, or the override of intemal conliol.

THE HINCHINGBROOKE FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE HINCHINGBROOKE FOUNDATION
OtheT matters
Your attention is drawn lo the fact that the charity has prepared financial ststements in accordance wilh'Ac¢ounling
and Reporting by Charities.. Slalemonl of Recommend&d Practice applicablo lo chariknes preparing their account5 in
accordance with the Financial Reptsrting Standard applicable in thg UK and Republic of Ireland IFRS 1021" las
amended) in pieference to the Aecounling and Reporting by Charities_. StÈlemenl of Re(x)mmended Pr￿tice issugd
on 1 April 2005 which is referr•d lo in the exiant rogulalions but has nt)w been wilhdrawn.
This ha$ been done in order for the finan¢ial state￿nIS to provide a true and fall wew in accordance with current
Genelally Accepted Accounllng Practice.
Use of t)ur rnport
This report is made Solely to the charity's truslees, as a body, in acwrdance with part 4 of the Chariti&s IAccounts
and Reports) Regulations 2008. Our audit work has been undertaken $0 that we might slate lo the charity's trustees
those mattèrs we are required lo stsle lo thom in an audilor's ￿port and for no othèr purpose. To the fullest extent
pem)itted by law, we do not accept or assume responsibility lo anyone other than the charity and the charrty's
trustees as a body, for our audit wort, forthis repart, or for Ihe opinions we have formed.
Mr Mark Jackson FCA OChA Istrnior Statutory Auditor)
for and on behalf of Azets Audit S•r¥l¢e¥
14..7....aok>.".
Chart•r•d A¢¢ountants
Statutory Auditor
Westpoinl
Lynch Wood
Pelerborough
Cambridgeshire
Unite(l Kingdom
PE2 6FZ
Azets Audit SeNiCèS is eligible for appoinlm&nl as auditor of tha Foundation by ￿rtUfr of its eligibility for appoinlmenl
as auditor of a company under section 1212 of the Companies Ad 2006.

THE HINCHINGBROOKE FOUNDATION
STATEMENT OF FINANCIALACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
Currnnt financial y•ar
Unrestricted Designatsd Restricted Endovmient
lund3
nds
funds
funds
2025
2025
2025
2026
Tt)t41
2026
2024
Notes
Income from:
Investments
21,169
4,604
283.296
309,069
302,254
nditure on:
Charitable actimties
263,327
4,000
267,327
284,281
Other
14,2LXJ
14.200
64,200
Total exp¢ndltur•
263,327
4,000
14,21KJ
281,527
348,481
NÈI gainslllossesl on
investments
10
120,6281
{1.9071
{6,9591 1437.849) 1467.3431
826,026
Net loutgoingllineamlng
resources b8fort trnn$fern
1262,7861
11.90TJ
(6,3551 1168.7531 1439,8011
779,799
Gross transfers be￿een
funds
219,096
50,000
1269.0961
Net movèmènt In funds
143,690)
48,093
{6,355} 1437,849) {439.8011
779,799
Fund balances at 1 April 2D24
$40,791
100,OLK)
160,510 10.4S3,856 11,255.157 10.475,358
Fund balances at 31 Mareh
2025
497,101
148,093
154.155 10,016.C()7 10,815,356 11,255,157
The statement olfinanaal actNilies indudes all gains and losses reeognised in the year.
All income and expenditure derivè from continuing actiwlies.
10-

THE HINCHINGBROOKE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Prior financlal ￿or
Unrgstrictsd Re$tri¢t•d Endowment
funds
funds
fund$
2024
2024
2024
Total
2024
comè from:
InvestmÈnl8
21,656
4,517
276,081
302,2
Ex
iture on:
Charilabk actiwlies
276.481
7,800
284,281
other
64.2
64.200
Total 9xpendltur•
276,481
7.800
64.200
348,481
NÈI gainsllloss•sl on investments
to
38.763
12.555
774.708
826,Q26
N•t loutgoingifincomlng rn8our¢o¥ befor• transfers
(216.062)
9.272
986,589
779,799
Gr08S transfers befvveen Yijnds
211,796
{211,7S6)
Nel movèment In funds
{4,2e6)
9.272
774,793
779,799
Funds tranSfe￿d on con￿[￿10n to CIO
645,057
151,238 9,679.063 10.475,358
Fund balan¢9$ at 31 March 2024
640,791
160,510 10,453,858 11,2SS.157
11

THE HINCHINGBROOKE FOUNDATION
BALANCE SHEET
ASAT31 MARCH 2025
2025
2024
Notes
Fixed a$¥ets
Inveslm¢nt properties
Investments
12
13
364,780
10,121,038
364,780
10,437,096
10,485.818
10.801,876
Current assets
Debtors
Ca$h at bank and in hand
14
318,716
18.394
375,001
90,300
337,110
465,301
Credtttsrs: amounts falllng du• wlthln
one yoar
15
17,5721
112,020)
Net currenl a$$&ts
329,538
453,281
Total assets less ¢urr•nt li4bi15119¥
10,815,356
11,255.157
Capital lunds
Endowment funds
Income lund¥
Reslrrted fvnds
stricted fund
Designated funds
General unreslrictsd fU￿J$
18
10,016,007
10,453.856
17
1 54.155
160,510
148,093
497,101
100,000
540,791
645,194
640,791
10,815.356
11,255,157
Thefinan
al stalem&nls wéra approved by the TIu51ee5 on. .16..A,,
ox, Chair of Trustees. fomer Governor of St Peterfs School
TruJte*
12-

THE HINCHINGBROOKE FOUNDATION
NOTES TO THE FINANCIAL STATEMENrs
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng policies
Charlty infomiatlon
The Hinchingbrooke FoUndat￿n nhe Foundation,) is a charitablè iAcorporation organisallon. regist¢red wf(h
the Charity Commission. wilh the Charity Regi$tsallon Number 1188401.
1.1 Ae¢ounting conventlon
The financial statsmenls have prepared in accordance with the Foundation's Trust deed, the Charities
Act 2011, FRS 102 'The Financial Reporting Sfandard applicable in the UK and Republic of Ireland. l°FRS
102.? and the Charttses SORP "Accounting and Reporting by Charities. Slalernent of Recommended Practic&
applicable to ¢harities preparing their accounts in accordance with the Finanial Rep¢tbng Standard
applicable in the UK and Republic of Irdand {FRS 102)" leffe¢tiv¢ l January 20191. The Foundation is •
Public Bénefit Entity a$ defined by FRS 102.
The FOundat￿n has taken advantag& of the wovisions in the SORP for charrtles nol to pr$pare a Statement of
Cash Fbws.
The financial slatew*nts have departed from the Charitiès (Accounts and Reports) Regulalion8 2008 onty to
thè extent rèquitsd to piowde a Irue and fair view. This departure has involved following the Statement of
Recomménded PrarAi¢e for charibes 8pplying FRS 102 ralh¢r than the version of the Statement ot
Recommended Pradi¢e which is refèrred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in stetling, which is the functional ¢urrency olthe Foundation. Monetary
amounts in Ihose financial slalew￿nts are founded to the nearest £.
The finan￿81 statements have be8n prgpared under the historical ¢051 conv&nlion. The prin¢ipal accounting
poIicAes adopted are $el out below.
12 Going conc•rn
At the time of approwing the fin8n¢ial statements, the Truslees have a reasonable expedalion that the
FotJndkn"on has adequate r•$ovrces lo continuo in operational exislenco for the fore$eeable future. Thus the
Tru$lees continue lo adopt the going concem basis of accounting in preparfn9 the fin8n¢ial Slalements.
1.3 Charltable funds
Unrestrided funds ar8 available for use at Ihe disr*elion of the Trustèes in furtherance of their chatltab18
objectsves.
Restricted fijnds are subject lo speofi¢ ¢onditions by donors as lo how they may be used. The purposa$ and
uses ol thè restricted funds ore set out in the notes to the financial statements.
Endowmènt funds ar• subi8Ct to sp&¢ffic cJJnditions by donor5 that the capital rnust b& maintained by the
Foundatlon.
1A Incom•
In¢ome is recognised whèn the Foundation is legally enlilled lo il after any perfomance condttions have been
mel, the amounts can be measured rel'ably, and it is wobable that income will be receivèd.
Cash donations are recognisèd on receipt. Other donalitsns are recognised once the Foundation has been
noIrf￿d of the donation. unless perfornianee ¢onditions rèquire deferral of the amount. Income 18x recoverable
in rel*ion to donations recelved under Gift Aid or deeds tsf o)venant 1$ recognised al the tsmo of the donation.
Lega¢ie5 3r9 recognised on receipt or otheThvis8 if thè Foundation has been notifvdd of an impending
dislribulion. the amount Is known. and receipt is expected. If the amount Is not known, the legacy is treat6d as
a cxjnlingenl asset.
13-

THE HINCHINGBROOKE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Ac¢ountlng polkles
{Condnu•d)
1.5 Expenditure
Expendiluie is re¢ogni$ed oncg there is a legal or ￿N$t￿¢t1¥e obllgalknn to Iransfrr economic benefit to a
third party, il is pr¢bable that a transfer of economic benefits will be reqUI￿d in Sett￿Ment, and the amount of
the obligation can be measured reliably.
Expènditure is classified by actimly. The co$1$ of exch actiwty are made up of the totsl of direct costs and
shared cosls, including support costs inVo￿ed in undertaking ea¢h activity. Direct Costs attributable lo a single
activity are allocated diiedly lo that actwity. Shared costs which contribute to more than one activity and
SUPPDrt costs which are ntrl 8ttributable to a single activity are apportioned between those activities on a basis
consistent with Ihe use of resources. Central staff costs are allocated on the basis of time spent. and
depreciation charges are allocated on the pt)rtion of the asset's use.
Governance cosls are those i￿￿Tted in i￿nnectIon with adminislralion of the charity and Ixjmpliance with
conslitulional and statutory requirements.
Charitable actlvitles and govemanc8 costs are costs in¢￿[red the charrty's 8ducalional operations,
including support eosts and costs rèlating to the governance of the chartty appo￿.￿ned to charitable activbties.
Grants payable are charged in the year whtrn the offer is made except in those CASÈS where the offèr is
eonditional, such grants being recognised as expendrture when the conditions attaching are fulfilled. Grants
offered subject to conditions which have not been met at the year end are noted as a comrnrtment, blrt not
accrued a5 expenditur&. Grants funded from the endowmènt ￿th the pèmiission of the Charrty Commission
on the understanding that the endowment will be reimbuTsed have been troaled as multi-year grants with the
proportion relating to futuie years, r¢imbursemenl treated as a deferted cost.
1.6 Inve8trnent propoty
Investment property, which is property held lo earn réntals andlor for capital appreciation, 15 initially
recognised at ¢ost. which includes the purchase cost and any dir*ctly attributable expenditure. Subsequenly
il is rneasured 81 fair valuè at the reporting end dale. The surplus or defidt on revaluation is recognised in
proffil or Ios5.
1.7 Fixed asjet invè¥tmènts
Fixed asset investments are initialty measured at Iransaetion price excluding transadion eosls, and are
subsequently measured al fair value al each reporting dalè. Changes in fair value are recognised in nel
incomellexp¢ndilurèl for the year. Transaction costs are expensed as in¢urr•d.
f.8 Cash and cash ¢quival•nts
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-lem Ilqul(I
inveslmenl$ wilh original maturities of three rnonlhs or18ss. and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Flnancial in$trumènts
The Foundation has gl¢cted lo apply the provisions of Section 11 'Basic Financial Instrumen15' and Section 12
'Other Finaneial Instruments Issues, of FRS 102 to all of it5 finand81 instruments.
Financial in51rumenl$ are rècognisèd in the Foundation's bal8n¢e sheèt whèn the Foundation becomes party
to the contractual provisions of the instrument.
FinancAal assets and liabilities are oflsèt. wÉth the net amounts presented in the financial statements, when
the￿ is a legalty enforceable right lo set off the rècognised amounts and there Is an inlentoon to settle on a nel
basi5 QI to realise the asset and settle the liability simultaneously.
14-

THE HINCHINGBROOKE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
A¢¢ounting pollel•s
Icontlnued)
Basic finanelal •$$ets
Basic financial assets, which include debtors aThJ cash and bank balances, are initially measured al
transaction price induding transaetion c051s and are subsequently carrfed al amorflsed cost using the effedive
interest method unbss the arrangement conslilute5 a financin9 transaction. where the tr8ns8ction 18
measured al the present value of the future receipts discountgd al a market rate of interest. Financral a5sel$
classified as receivable within one year are not amortised.
8wl¢ financial liabllhies
Basic financial liabilities, in¢luding credllors and bank loans ale initially recoynised al Irans8ction price unlèss
th? aiiangement conslilules a financing Iransaclion, where the debt in$lrument is measured at the present
value ol the future payrvenls discounltrd al a market rale of interest. Financial liabilities ¢lassrfied as payable
thin one year ar& not amortiS8d.
Debl instruments are subsequently cariied * 8rrK)riised ￿$1, using the effective intsresl rate melhrxl.
Trade uedilors are obtigalions lo pay for goods or servicks that have been acquired in the ordinary course of
operatlrA)s from suppliers. Amounts payable are classified as cuThent liabilities if payment is due within one
yfyai 01 less. If not, they are presented as non-cuirent liabilities. Trade uedilors a￿ recognised inilialty at
transaction pric8 and 6ub5equently measured at arn￿1$ed cost usng the effèctivo interest method.
Dereeognttlon of finanelal Ilabllitle
Financial liabiliti&s are dereco9nised when the Foundation's conlraclual obligations expiie or are dSstharged
or cancelled.
Crltleal accountlng •$tlmatg5 and judg8m•nts
In the application of the Found*ion's accounting poli¢ies. the Trusteès are required lo make jud9èment&
eslimales and assumptions about th& orrying amount of assets and liabilities th* are not readily apparent
from other sources. The estimates and associatéd •s$umptions are based on histori¢al experience and other
factors thal are considered to b8 relevanl. Actual results may differ from these eslimales.
The astimales and underlylnG assumption$ are reviewed on an ongoing basis. Revisions to accounting
estimates are iecognised in the period in which the estimate Is revised where the revision affects only that
pe￿d. or in the period of the revision and future p8riods wh¢re the rgvision affects both current and fulure
periods.
15-

THE HINCHINGBROOKE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Investments
Unr•strlcted R8strl¢ted End¢>wm•nt
fund$
funds
fund8
2025
2025
2025
Totsl
2025
Rental incorng
Income Irom listed inv&stments
Interest
5.698
277,598
5,698
299,981
3,390
17.779
3,390
4,604
21.169
4.604
283,296
309,069
Unreslri¢ted
funds
general
2024
Restricted Endowment
funds
funds
Total
2024
2024
2024
Rèntal income
Income from listed investrnents
Interest
5,699
270.382
5,699
292,115
4,440
17,216
4.517
21.656
4,517
276,081
302.254
Charllable activlti¢s
Grant
fundlny
2025
Grnnt
fundlng
2024
Gr8nt fvnding of activrthes {s8e note S)
234.877
251,619
Share of support costs (see note 6)
Share of governanc8 costs <$ee note 61
24.878
7.572
25,642
7,020
267,327
284,281
Analy81$ by fund
Unreslrided fvnds- general
Reslri¢ted fvnds
263,327
276,481
7,800
267.327
284,281
16-

THE HINCHINGBROOKE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Grnnts payable
Grnntfunding Grant funding
2025
2024
Grants to inslilulions..
School Grants
ComNnity grants
Arts & Spe¢ial Proi8cls- Hinchingbrooke School
Sl John's A1rn51￿use Charity
Prizes
136,257
36,233
12,875
10.000
4,000
13S.2ts8
33.505
11,164
10,000
7,8QO
199,365
197,677
Grants lo individuals
35,512
53,942
234,877
251,619
Support Costs
Support Governan¢o
eo¥ts
costs
2025
Support Gov•m*nce
costs
costs
2024
Accountancy 8nd
Profession81 fees
Mis￿11a￿e0uS expenses
Admin Fee
Insurance
1.767
554
21,(KK)
1.5S7
1,767
$54
21,Otio
1.557
1,889
461
22,000
1.492
1.689
461
22,000
1.492
Audit fees
7,572
7,572
7,020
7.020
24,878
7.572
32.450
25,642
7,020
32,662
Anatysed befvleen
Charitsble aclwities
24,878
7.572
32,450
25,642
7,020
32.662
Govemance costs indudes paym&nts to the auditors of £7,572 (2024- £7,020) for audit f￿$.
Tru5t•
None of the Tru$tee5 {or any persons conn8Cted wllh them) reeefvgd any remuneration or benefits from the
Foundation during the year.
17-

THE HINCHINGBROOKE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Employe•¥
The average monthly nurnb8r of employees during the year was..
2028
Numb•r
2024
Numb•r
Total
There were no empbyees whose annual rgmuneTation was more than £60.000.
Endowment Endowment
fund¥
funds
2016
2024
Deferred grant
14.200
64,200
18-

THE HINCHINGBROOKE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCM2025
Unr••trfcled Uhr•BtrIctyd Re•trFeted eTr*o¥Th•nt
Totsl
25
2026
2026
202$
120,8281
11,*7)
16.959) 1437.8491 1467.3431
{20.6251
{1.wn
16.9591 1437,84* 1457.3431
LMre8td¢te& Lknrethcted Restrktqd EThlty*dlY*
fund¥
Imds
gvnoral do9￿￿nAted
2024
24
2024
2024
R￿ak￿l￿)nO1￿V$￿mlnts
38,763
12.555
774.70
e28.028
38.76J
12,SSS
774.708
826.026
-19.

THE HINCHINGBROOKE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11 Taxation
The charity is exeTnpI from lax on income and gains falling within section 505 of the Taxès Act 1988 or Setttion
252 of the Taxationof Chargeabte Gains Act 1992 to Ihe extenl that these arg applied lo ils charitable object$.
12 Invesknont property
2025
Fjir v#lu•
At 1 April 2024 and 31 March 2025
364.780
Investment property comprises Wjstow Fen Farm and Views Common. The fair value of the investment
property has been arrived al on the basis of a valu8b.on carriad out at 12 March 2021 by Carter Jonas
Surveyors, who are not connected with the Foundation. The valuation was made on an open market valuè
basls by referenc￿ lo market eMden¢e of transaction price5 for similar prtspertie$.
2025
2024
Freehold
Lon9 leasehold
Short leasehold
364,780
364.780
13 Fixed a$ut investments
Llstèd
Investments
Co$t or valuation
Al 1 April 2024
Addrtions
Valuation changes
10,437.096
151.284
(467,3421
At 31 March 2025
10,121,038
Carylng amount
Al 31 March 2025
10,121,038
At 31 March 2024
10.437.0
14 Debtorn
2025
2024
Amounts falling due within one yoar:
Other debtors
39,199
49,200
-20-

THE HINCHINGBROOKE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
14 Debtors
IC*)nllnuèdl
2025
2024
Amounts falling du• aftèr MO￿ than one ￿ar.
Other debloTs
279,517
325.801
Tot•1 debtorn
318,716
375,001
1S Creditors: amounts falling due within on• year
2025
2024
Accruals and deferred incomè
7,572
12,020
16 Designat•d fund$
The income ftjnds of the c*arty indude the followin9 dfrslgnaled funds which have bean sot aside out ol
unrestricted funds by the trusl*&s for specAfic purposes".
Mov•mtnt
in lunds
Incomlng
ro8ourc88
Balancè at
1 Aprfl 2023
Balancè at
1 Aprll 2024
Tran$l•rs Rovaluat6on8.
B•lance at
galns attd JI March 202S
1055es
Hinchingbrooke House
contingeney fvnd
100.0
100,IJOO
50,000
(1,90n
148,093
100.000
100,01)J
50,000
{1,9071
148,093
As a risk reduction measure. £150,000 was designated by Trustees as a reserve property fund. This has bèèn
invè51ed with CCLA In Awumulalion units, and revalued lo the market value al the yeai end.
21

THE HINCHINGBROOKE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 Rostricted funds
The incorne funds of the tharity ￿Clude ￿$tricted funds comprising th8 following unexpended balan¢e$ of
donations and grant5 held on trust for specific purposes..
Movement in fund$
Ineomlng
Rè8ourco8 R8valuaiion8,
Balan¢• at
resour
•xpÈnded
In& and 31 March 202
Eo¥se¥
8al*nce at
l Aprll Z024
Prizes fund
160,S10
14,OCO}
{6,959}
154,155
Movement In funds
Intomlng
R•sources R•valuadons,
rosourcos
•xpgndgd
g•lns arNI
BaLant• at
1 Aprfl 20Z4
1 Aprll 2023
Prizes fund
151,238
4.517
I7.8￿)
12,555
1￿,510
151,238
4,517
17,800}
12,555
160,510
The ptizes fund is used lo fvnd prizes awarded al $thool$ by way of grants made to them.
22-

THE HINCHINGBROOKE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18 Endowm•nt funds
End¢)wmgnt funds reprgsent 88sets which must be held permanently by the Foundation. Incorne arising on the
endtswmenl funds can be used in accordance with the objects of thè Foundation and is included as
unrestrict8d incomè. Any capital gains or losses arising on th& assets form part of Ihg fund.
Mov•m&nt In funds
Resourcos
Tr•nsfvrs R•valiii¢ic*M
Balanc• al
•XPgnd•d
y4ln6 and 31 ￿1th 2026
1088•8
nce at
Inc¢ffilnB
1 Aprll 2024 r•sOur￿5
P•mianont •ndowments
Endowment fund
10.453.856
283,296
{14.2001 {269.0961 1437.8491 10,016,(X17
10,453,856
283.296
114,2001 1269,096) {437,8491 10,016,Q07
Mov•mont In fund$
R88ources Transfwg Rwalu•tlon8
Ba￿ne+ •t
exp•nd•d
g•lnB gnd 1 Apvil 2024
1088•S
Incornlng
l Aprll 2023
P•rnian•nt endowments
Endowment fund
9,679,C63
276.081
164,200) 1211,7*J
774.708 10,453,856
9.679.063
276,081
{64,200) <211.7961
774,708 10,453,856
-23-

THE HINCHINGBROOKE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19 Analysrs of net a$$ets bgtsv••n lunds
Unmtricted D•¥ignated R•stricted Endowment
fundg
fund$
fund¥
funds
2025
2025
202S
2025
Total
2025
Fund balances al 31 Mar¢h 2025 are
repiesenled by..
Investment propertie5
Investments
Curienl asselsl{liabilllies)
364,780
9,410.511
240,716
364.780
10,121,038
329,538
420,043
77.058
148.093
142.391
11,764
497,101
148,093
154,155 10,016,007 10,815,356
Unrestrictèd Designated Re$lricted En¢Jowmenl
funds
funds
funds
funds
2024
2024
2024
2024
Total
2024
Fund balances al 31 March 2024 are
represented by..
Investment pioperties
Investments
Currenl 8$5els/{liabililies)
364,780
364,780
149,239 9,827,076 10.437,096
11.271
262.000
453,281
460,781
80,010
1C¥),000
540,791
11XJ,000
160.510 10,453,856
11.255,157
20 R•lated party transactlons
Transactlon$ wlth relat•d parti0$
Dutlng the year the Foundation entered into the folk)wing ITansa¢lions with rèlated parties..
ing to the natu￿ of Ihe The Hinckningbr¢)oke Foundation operatlon$ and the composition of the board of
trustees being drawn from local public and privat• Sgctor organis8tions, transactions m8y takè place with
organisalions in which the Foundati'on has an inlerest. AJI Iransact￿nS involving such organisations are
conducted in accordance wrth the Foundation's finanu81 regulations and norm81 procurement proeedure5.
Duiing the yèar Foundation paid grants of £101,63212024.' £105.6721 to ACES Aiademies Trust. There are
Iruslees in common lo b¢lh organi$8lions. ACES Acadèmi¢s Tnjsl also occupie8 propty owned by The
Hinchingbrooke Foun¢Jalion on a rent free basis.
-24-