REGISTbRED COMPANY NumBA.. CE022494 {EnglAl WBles) REGISTERED CHARITY NUMBER: 1190364 REPORT OW THV TRUSTEFS AP4D UNAUDITED FINANCIAL STATEMENIS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR THE XUSSELL HAIJ)ANE TRUST CIO Jones HwTiS Limit¢d 17 Si Perers Place Fl(*twood Lan¢ashire FY7 6EB
THE RUSSELL HALDANE TRUST CIO CONTENTS OF THE FINANCIAL STATEMENTS for the yegr ended 31 D¥TeJthr2024 Retf th¢ Tn*t I]ePendent knits¢r's Report Stattment of Fl]thndAI Aeuvltles Ba]awec Shtet Notes to thr Fiwic1 StAlemeDts Detsiled St•terneni rfF1M¢ll Activitie5
THE RUSSELL HALDANE TRUST CJO REPORT OFTHE TRUSTEES for th¢ yeorettded 31 Deeomber 2024 The irnstees pK%cnt their rewrt with the fJnaJ)cial staiemcAts of the chgriry for the Ye ¢tLdcd 31 2ff24. The Iee$ have adopted the provlsions of A¢¢wlltillB and Reporting by C&ariiies.' Stakm¢ni of Recommend¢d PraLtice applicablc ro chgntics prcparing thcir wcouniy in accordanc¢ witb th¢ Fill¢1&1 Reporting StandaTd appli¢4ble in ihe UK ynd Republic oltr¢land fft 102) Idf¢fflive J lanuary 20191. OBJECTIVLS AND ACTIVIYILS ObJe¢tiv and aims The objectives of the TnLSI are the relief of poverty, the advancement of education and other putposcs t¢ncfici41 to the ommuniry. Th¢ tnjstres that they have Tef¢rred to gui¢J8mc¢ contsin¢d in ih¢ Chority Co]J]]nis5iOD5 ¥elletul guidance on public b#nefit when reviewin8 the Trusts aims atld obje£tives ID platittioB futhwe aaivities and setting I gtaryt tnaking policy. The ThJ5t cae$ oui the obixiives by.. - Makin8 grants and dotmtions 10 lo(418roups aThJ people who axe seeking achieve the Trusi's obj¢Ltives. ACHIEVEMENT AND PERFORMANCE CJJ&rltblt ktllitlt8 In the year Ihe Trnsl has donad £7,1(AJ {£IIM,9W- 20231 to vmious cause% and organtsations which ultit[telY help lo bejjefit the loc community xti Jine wsth t ¢hariry'S objecti. The tyust 15 a]so developing th¢ BO House Youth C¢nire in K¢¢nvood spending £784,442 1£576,J67 . 2023} 0( its own fund5 on thc ptojccl fot thc b¢tLcfitof the corn]ntsnity. FINANCIAL RF.VIEW The T1 was foulld wth ityirial donaiKm. bui if is not reliani utKTrn future donm)n$ hieYe its nbjettivts. The chariry h&$ Unrestric fund available of £1,593,883 t 1131 Decemb 2024. Reserves pollcy As the clwity h2s no real overhcads th¢re is J)0 formal w>licy. R¢8m¢s h¢ld ar¢ u]Jr¢siri¢I gnd to be u8ed for the ¢hwity's objeciives going forward. STRUCTURE, GOVERNANCE AND MANAGEMENr Governkng document Th¢ Trust l5 3 r¢gi¥ieArd charity. numb¢r I19)364, 4nd is conbtituted a CIO whiGh wa5 r¢gist¢red 13 July 2020. Re¢ruitthetht Ind appointment of ntw trust New tw$¢8 are aptK)iMwI by exi5¢ing th]Ste and serve for five years a[ wbich th¢y theJ]]selves up fot reappointnwnt. DectsioD making The th]stees agree the broad strA8Y HDd ar of activiry of the Trusi at their ttYtings alld the day to day handling of thc appJi¢ation$ end donauons. Ail tEus*e5 give theii titlle fieely alld no ttu5tee reffluncll0ll wa5 paid the yeat. Ttustees ate tEqUiTcd lu dis¢lo%t all relevani inicr¢s18 in accordCe with thc TNSVB policy and must withdraw from dccision8 whcre a conflict aris&s. REFERENCE AND ADMINISTRATllTrT DETAILS Reg&stered Company number CE022494 {EnglaDd 3Dd Wal¢sl Regts¢ered ChArl¢y oumb¢r I I304 g¢1
IHE RUSSELL HALDANE TRUST CIO REPORT OF THE TRUSTFSS for the veAr ended 31 December 2024 Re8iStered otfice o Mili¢E Roskell Limited 17 Vicioria Road F&%L Thornton C.kveleys LaL¢ashire FY5 5HT Trwtees Mts R Mtsrdoch K Roskell J )orgensott T Amor Indedent Examlner Joncs Hatti% l.imited 17 St Peiet5 Pjaee Fleetwd IAtL¢&%hire FY7 6EB Approv by o rd oftrnsw on... ?ot5 . and sigDed ¢)n its behalf by.. ¢nson- Th14 Page 2
Ir4DEPENDENT EXAMINER'S REPORT TO THE TRUSTEES O THE RUSSELL HALDANE TRUST CIO Tlld¢pendeDt exthi]w'$ r¢rt to thé tThWees of ThÈRllssell Haldane Trust CIO {'tb Company'l I report to the ¢harity thjsteeson my examination of the accoun¢s ot the CIO for the Y tj&j 31 D¢c¢JnEr 2(>24. R1bIlitIeS and bASiS of rert As the charity's trusiees you e respottsible for the preparatiOD of the accounts ID accorda¢ with the rquiremets of the aritieS Act2011. I rcport in resFect of Tlly examitsation of YO thitY'S gccounts 88 carried oui under Scction 145 of the Ch4Tilieb Aa 2011 ('the 2011 ALt'I. In csTrying (kul my examination I have followed the Dite¢tiotlS 8Lven by the C7)liY Commi.48ion undeT Seciion 14.5151 Ib) of ihe 2011 ACL Independeot e%8mlner's statement I have completed Jny exaThitthtion. K confirm that tto matters have come to my allention in connection with the examination giving n]e cause bebeve.. accouniing r¢¢otds w¢r¢ notk¢pr in awotd&Dce with 5e¢tion 130ofthe 2011 Act: or the coUts do not a¢cerd with tbose rec(xds: or the Lou1 do Mi comply the applicable requirements conc)g the form aDd colltellt of atcothrtls S¢1 oui in thc CThariti¢$ IA¢counts and R¢w)rtsl Regulations 20Q8 other thatt any requiremeni that cOunts give a true fair view which is noL a marier considered 45 part of all ind¢Fndent examitiatitxj. I have no eoncernb and have come across no MatrS in connection with the exatnillation to which attcniion sh(x]Id be drawn in this repjrt in io etle aproper undetstsoding of the accounts to be reach¢d. Mr M W Wigky The In¥tiUlte of Charfertyj Accoutttants ID FnglaThd and Wales Jon<4 Harris Limited 17 Si Pers Place FEeN(K LADh1[¢ FY7 6EB Date: ..... Pag¢ 3
E RUSSELL HALDANE TRUST CIO STATEMENT Ob TrINANCIAL ACIIVITIES for tb yegr ended 31 DecetnbÈr 2024 2024 Unrestricted fund 2023 Toial funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 62,668 175.( Investment income 3.325 4.107 Total 65,993 J79,1ts7 EXPEf4DI'IURE ON Ch8Th8ble gctlvlths Charilable activities 131698 Net galS OL investmenis 48,395 NET ]NCOME 28570 95.804 RECONCII.IAT10Tr4 OF FUNDS Tal fund5 brou8bt forward 1,565.313 1.469,5 TOTALFUNDS CARRIED FORWARD 1.593.883 1365.313 The noic5 fomi of finallcivj 5t#m¢nts Pa8e 4
THL KUELL HALDANE TRUST CIO BALANCE SHErr JI T)erember 2024 2(I24 Total nds fiLttd Not85 FIXED Assrrs Tangible asse Investmenrs 1,397,158 165.220 657,345 547 132 ,562,378 1,204,471 CURRENT ASSETS Cash ai b4t)k ).261 379,066 CREDtTORS Amouots falling du¢ withitione yt4r {28.756} 118.230} NET CURRENf ASSETS 31505 3fA).836 TOTAL AS5EIS LFSS CURRENT LL4BILITIFS 1.593.883 1,565.313 NET ASSErs 1593 883 1565.3J3 UnrtsttKwi fvThts 1.593.883 1,56S.313 T()TAL FUNDS 1593.883 1565,313 statements were approved by Ihe Board of Ths¢¥ aTrd auihorised for issue on ..Q.Lt .0.& ..£Qtr.< .. 8JKi w¢re sig]l its taby. R Murdoch- Tnt5tcr Tht Dote5 fonn p8rtof thwe finsttcigj statements Page 5
THE RU&LL HALDAf4E'fKusT CIO NOTES TO THB FINANCIAL STATEMENTS forthe year ended 31 Derner 21124 ACCOiINTINC POLICIES Basls rf prepxrkn¥ thE nll#ntJ#l st•tÈments The fiftancia] statements of the CIO, which is a public benefit entity under FRS 102. have ken prepBred its aCL[da0cc with the Cbdrtiies SORP IFRS 1021 AccounljDg and ReponiLE by Clwitie%.. SiaEemeat of Recommend1 I¥a¢iice appbcable io Charities preparing their accounts in acoinlanc£ with the Financial Reporting Siandard applicable in the UK and Republic of Ireland IFRS 1021 leffeciive l January 20191,. Financial Reporung Siandard 102 lThe Fin¢]81 Rept)rtin8 Stsndard 4pplicabl¢ in ihe UK aod Republic of ireland. ld the Compakies Aci 2006. The financial statrmenis have prepare41 under the hisioTical ¢051 ¢onventii)tL. th¢ w¢piion of investttmts wh]"oh Ire iu¢lvd¢d at llwkel valu< as modified by rhe reva]uatioll of c¢rtain assets. tDcome AU i]LLme is recogDised in the Siakmentof Fmancial Athiviiies once the ¢barity ha$ ¢nutiement to the fllE. it is probable thar th¢ incomc will be reccived and ttle amount can bc T5W5ur¢J reliably. PpendItU Liobiiiiies are reLo8ni8ed os eXpe]lIre as soon gs there is a legal or coRsuudive obli8ation coJJ)mittittE the cIltY to thai expenditure, Ir is probsble that a tr8Tr4fer of econornic hEntfits will be rtquittd itt settiemeni and the gmount of (he obligation can be Measur1 reliably. Expeiiditure is accowited foron an accruals alld Ills bEen cLa5sifie41 utHier hetsdings that aggregate all cost Jtlaied kn the cagory. Where costs cannot bc dircct]y altribuJ to panKular headiogs they have been to actsvitses on u bLsis consi5ni with the use of rtsourtts. TAnglbie fiKtd aet8 Depreciatioii IS Provided at tb2 folloviing annu rate5 in ordct to wrile off each akfet over ils cYtiMat useful Mens shed Boat house youth buildin 50 y¢ars Oyrt cstimaid uKful lifc T8xat50 The dHTiry i¥ ¢X¢tllpi fivjn COrratiOn tdx OL Rtb. Lharit4ble aLtivili¢s. Fund tcountitig Unrestri¢ied funds Can be wsed in ardance with the IlJBritable obj¢ctives at the discretion of the triJÉiec8. R&%tricted d$ tan only be used for partitlliar restricted purpose8 Within the objty of th¢ cTrwity. Res(rictAons arise whett spccifjed by the donor or when funds ar¢ raised for pICUlr rslriLled pUrse5. Fwthcr ¢KplaDation of tk n&ture and purpose of uch futKi is induded in thB llQtes lo Ihe financial staments. Investments ltt A¢cordaJKe with the SORP illvest¢JJ¢S are caLed ai fair valve. The caThying am(XLn¢ is repTtt5¢DtsI by the rriaTkel value of lisied Eccurities al the balance sheet date. Page 6 contiDued...
THE RUSSELL HALDANE TRUST CIO NOT TO THE FINANCIAL STATEMENTS- contiTmwJ for the year euded 31 Dewnber 2024 INVFrnIENT INCOME 2024 2023 Deposit ac¢oiJni ill¢$r 3.325 4.107 NET INCOMFJ(EXPEf4DITURF.I Net in¢oDtrl{¢XFtsdiiure) is stad after¢ha4iDgllfrediiiDgl: 2024 2023 Ikprcciaiion. owned &45Ct 44,629 TRUSTELS, REMUNgRATION AF4D BENEFtTS Thcre were no tNS1ecs' rcmuncration or oth¢r bcrIts for the year ended 31 tkcemlxr2024 nor for the yeat e[ed 31 tkcetnber 2023. Th¢Te W¢T¢ llo tTELsIEes' expen paid for the year eJJded 31 De£ell)ber2024 nor foi the Ye ended 31 Dernber 1023. COMPARAThVES FOR THE STATEMENT OF FINANCIAL AcfiviTIKS U¥tricted fund INCOME AND ENDOWMENTS FROM DoJ)ation5 and l¢gacies 175.01)D Irbvc5tmcni in¢(4n¢ TotBI EXPENDITURE ON ChpAtable activit chIlable acllViU¢S 131.698 N¢1 ggins on inv¢6llnents 48.395 INCOME 95.804 RECONCILIATIOPI OF Fuf4DS Totsl fuDd& brought tOard 1.469,509 TOTAL FUNDS CARIUED FORWARD 1.565.313 Page 7 Llillued...
THE RUSSELL HALDANE TRUClo NOTES TO THE FINANCIAL STAI'F.MFNIS- continued for the year Ènded JI Detember 2024 TANGIBLK FIXED ASSETS house youth MEll5 shed Toiais COST Ai l January 2024 AdditiON5 593.490 784.442 686,797 At 31 De¢ember 2024 93,307 1377,932 1.471,239 DEPRF.LIATION Al l January 2024 clrge foryear 5.7l2 1,904 23,740 42,725 29.452 44.629 At 31 Dece]nbtr2024 7.616 66,465 74.081 NET BOOK VALUE At 31 D¢ceJnber 2024 85.691 1,311,467 1,197.158 At 31 December2023 87.595 569.750 657.345 Listed MARKET VALUE At l Januajy 2024 Di%po8ais Revaluations 547,132 1399,750} 17,838 Al 31 December 2024 165 NET BOOK VAI.U Ar 31 DErember 2024 165.22L) At 31 DeCemr 2023 547 132 Thcrc welc no Invtment iS5ets Outsidc the UL Cosi or valu10 ai 31 D¢c¢mber 2024 is rtpresen*dby'. Listcd ValuatLOD in 2024 Cost 135,0301 200250 165220 Pag¢ 8 contitlued...
THE RUSSELL HALDATr TRUST CIO NOTKS TO THE FINANCIAL STATEMFNfs. cffih¢i*u¢d for th¢ year ended 31 De¢ember JI24 FIXED ASSET INVESTMEFifs-continued If the Invesun¢nts had not iren VU¢d th¢y would hav¢ at the followillg hi0[1¢[ ¢osi'. 2024 Cost 2(M>.250 Inv¢5tllnts were vs]ued OTh an open m&rketbasi5 on 31 D&ember 2024 by AEGON. LRFDTfoRS: AMOUNTS FALLING DUE WLTHIN ONE YEAR 2024 2023 OthcT crts]ilOfS Accruals ano dcfeLml income 27.370 1.387 17.323 28.756 18,230 MOVEMENT IN FUNDS Net rnoVellt iti fDttds At 31112J24 At i/ir24 Unrestrickd fuJKIs Getterai fund -565,313 28.570 ,593.883 TOTALFuf4DS 1565.313 1593.883 Net movetnent in fund5. included in the abovc ¢ aB follows.. Incoming Rtsources ¢xp¢ud¢d Gaios and lobses Mov¢rn¢nt in fijnds Ujweslrictrd Gencral fund 65.993 155.2611 17,838 28.570 TOTAL FLiNDS 55 (xlmparativtt for moyement infunds mov¢rnenl Ln (unds At 31112f23 Ai 111123 Umrestiitttd furtds Gen¢TaJ fund 1.469509 95.81• 1,565.313 TOTAL bUNIX 1.469.509 95.8 1,565,313 ontinued...
TIIE RUSSELL IIALDANE TRUST CIO NOTES IX) THE FINANCIAL STATEMENTS. CODtinutd tor the year eDd¢d 31 Deeember2024 MOVEF+lFTrif IN FUNI)S. tontinlled CoTnpdntive nei movemeDi in nds, incjuded in the above are ls follows.. IncoTlliD8 resources Resources exp¢ndL%l Gains and losses Mov¢llLent in fll Unre5tritted General 179,107 (131.698) 48,395 95,8( 1%)I'AL FUNDS 179 E07 1131.6981 48.395 A current year 12 months attd pyior year 12 month8 combined tM)Sition is a5 follow%: N¢1 movemcnr in tsnds At 31112124 At iitr23 Utsrestricted funds G¢ncral fvDd 1,469,51Y) 124,374 1593.883 1.469.51Y) 124J74 93,883 A current year 12 nJoAths and prior yEar 12 months combid ner movement in fund4 included in the xbove are as follows.. Incoming toUr¢¢& R&sourr¢5 expended Gains #nd IosKs Movemettt irt fimds UnTe¥triiled funds GcD¢ral fund 245,IlXI {186,959) 66.233 124,374 TofAL ITrJNDS 245,1 {186 9591 124 374 Ith RELATED PARTY J)ISCLOSUIiES Th¢r¢ were llo rela1 party trallsa¢i3oD6 fur the yeatended 31 DEcembeT2024. Pagt 10
THE RUSSELL HALDANE TRUST CIO DETAItED sfATEMEwf OF FINANCIAL ACTivrr for the yeaTended 31 December 2024 2024 2023 INCOME AND FNI)OWMENTS DonAtltsn8 Antl legatles Donion¥ 62.668 175.(kNb Investment incoJn¢ D¢tK>siiaccouni intcresr 4,107 Total Ine•mln8 rewmrees 65.993 179,107 EXPENDTTURE Ch4Titable activlths Illsurdttce Donations rnadc DeprecidlloJLof tall8ibte fJx41 &qs¢ts 1.672 7.160 398 104,990 53,461 131,032 Support eosts Gtywernan¢¢ Costs Actouniajjcy and legal ftes AccouniBJKy ffes 414 066 1,800 TotAI resources EX]nded 55,261 131.698 Net incomt btfort galns and loss 10.732 47,409 Reali5ed ttcogntstd gakns 10&8es Fair Vlle gain511o88¢5 Net incoJn¢ 28.570 95.804 Thig page doesfftotform portof th¢ ststutory finan¢ia] s¢at¢ments Pgell