Annual Report and Accounts 2025 (April 2024 - April 2025) The Helvellyn Foundation Contents Message from the Trustees Our Mission How We Work 2025 Partners Overview Funding Overview Trustees: William Holmes Lauren Gupta Aebecca Holmes Established: August 2020 Registered Address: The Helvellyn Foundation: PO Box 501, Wilmslow, SK9 OJY F4eglstered Charlty,, 1190948 Message from the Trustees The past year has been a period of careful thought and significant change here atThe Helvellyn Foundation. As a small, family-run and funded organisalion, we've always valued the personal, long-term relationships we build with everyone we fund.That closeness makes any straiegic shift deeply felt. As a result, we've provided our final grant this year to ourWILD Programme partners: which was always intended to LE a three year programme. However, it is always difficult to say gDodbye to a pxrtner, especially when Iheyare doing such impacttul and important work! Thank you lo everyone in our ne1work for your trust and commitment. We can't wait to Share the impact of this newly fDcused chapter in the years to come. Best Wishes, TIE Helvellyn Foundation Trustees Vle continue tc be inspired by our reluming Legacy Partners such as Foundation for Environmental Educalion, Chengeta Wildlile, and larine ConseNation Society, and we appreciate Ihe open, honest Conversat￿nS we ha'de with them that shape ourfunding approach. This year, we took the final steps in fully ded￿aling ourfunding ID the 'Thriving Nature, strategy. This means concentrating our efforts entirely on the biodiversity crisis, where we believe our resources can make the biggest diflerence. The Helvellyn Foundalion l Annu81 Report and Accounts 2025 Our Mission To live in a world where nature is thriving and everyone cares for it. In the future, we hope that nature will be flourishing across the world, and that everyone has the opportunity to benefit from and care for natura. We strive to support organisalions that are working towards this missw)n: whether that's through engaging young people in schools with the importance of the environrnent, or tra#iing rangers INodCash at bank and in hand
**Creditors: amounts falling due within**
**one year**
Net current assets
**Income funds**
Unrestricted funds - general
**Notes**
**9**
**2025**
£
**213,467**
**(5,670)**
The financial statements were approved by the trustees on ........................ .
WS Holmes
**Trustee**
LR Gupta
**Trustee**
30/01/2026|£
**207,797**
**207,797**
**207,797**
**2024**
£
375,347
(9,660)
R Holmes
**Trustee**|£
365,687
365,687| |---|---|---| |||365,687| **- 5 -** THE HELVELLYN FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2025 2025 2024 Cash flows from operatlng actlvltles Cash labsoibed byllgenerated from operations 1161,8801 242,560 Net cash generated from investing activities N•t cash g•n•ratèd from financing aetiviti•s Net Idecreaseifincrease in cash and cash equivalents 1161,8801 242.560 Cash and cash equivalents at beginning of year 375,347 132,787 Cash and cash equivalents at end of year 213,467 375.347 THE HELVELLYN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Aeetsunting polici•s Charity infomiation The Helvellyn Foundation is a charitable incorporated organisation registered at the Charity Commission for England and Wales. 1.1 Accounting convention The financial statements have been prepared in accordance with the Foundation's governing document, the Chaiitie5 Act 2011, FRS 102 The Financi81 Reporting Standard applicable in the UK and Republic of Ireland. and the Charities SORP Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" The Foundation is a Public Benefit Entity as defined by FRS 102. The financial statements are p￿pared in sterling, which is the functional currency ol the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention.The prinapal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the Foundation has 8dequ8le resources lo continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. 1.4 Incom• Income is recognised when the Foundation is legally entitled to it after any perf0rrnan￿ conditions have been met, the amounts can be tnea5ured reliably, and it is probable that income will be received. Cash donations 8re recognised on receipt. other don8tions are recognised once the Found8tion ha5 been notified of the donation, unless perfomance condrtions require deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the time ol the donation. 1.5 Expendlture Expenditure 15 recognised once there is 8 leg8101 constructive obligation to tiansfei economie benerrt to third party, it is probable that a transfer of economic benefits will be required in settlement and the amount ol the obligation can be measured reliably. Expenditure is classified by activity. Governance costs are those incurred in connection with administrab.on of the company and compliance wth constitutional and statutory requirements. 1.6 Cash and cash equlvalents Cash and cash equivalents indude c85h in hand, deposits held at call with bank5, Other short-tertn liquid Investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts a￿ shown within borrowings in current liabilities. THE HELVELLYN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Accountlng pollcles Icontlnuedl 1.7 Financial in5trurn8nts The Foundation has elected to apply the provisions of Section 11 'Basio Financial Instruments, and Section 12 'other Financial Instruments Issues, of FRS 102 to all of its financial Instruments. Financial instruments are recognised in the Foundation's balance sheet when the Foundation beC0￿￿S party to the contr8Ctual provisions of the instiumenl. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or lo re81ise the asset 8nd ￿e￿e the liability simultsneou81y. Basic financial assats Basic financi81 a55ets, which include debtors and cash and bank balances, ale init1811y measured 8t transaction price including transaction costs and a￿ subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financi81 assets classrfied as ￿e&1Vable within one year are not amortised. Basic financial liabilities Basic finanaal liabilities, including creditors and bank loans are initially recognised at transaction pri￿ unless the arrangement constitutes a finanang transaction, where the debt instrument is measured at the present value of the future payments discounted at a rnarket rale of interest. Financial liabilities classffied as payable within one year are not amottised. Debt instruments are subsequentty carried at amortised cost, using the effective interest rate rnethod. Trsde cieditors ale obligations to Pay foi goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities rf payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are ￿COgniSed initially at transaction price and subsequently measured at arnortised cost using the effective interest method. Dérecognition of finaneièl liabilities Financial liabilities are derecognised when the Foundation's contl8¢tu81 obligations expire or are discharged or eancelled. Donations and legacies Unrestricted Unrestricted funds funds general general 2025 2024 Donations and gifts Gift aid 600,000 150,000 850,000 212.500 750,000 1,062,500 THE HELVELLYN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Charitablè aetiviti•s Charitable Charitable Expenditure Expenditure 2025 2024 Donations Bank charges 904,554 246 817.524 556 904,800 818.080 Share of g0Veman￿ costs (see note 51 3,090 6,060 907,890 824,140 Support ¢ost8 Support Governance costs costs 2025 Support costs Governance costs 2024 Audit fees Legal and professional fees Independent exarninalion fees 8,060 6,060 1,080 1,080 2,010 2,010 3,090 3,090 6,060 6,060 Analysed be￿een Charitable activrties 3,090 3,090 6,060 6,060 Net movement In funds 2025 2024 The net movernent in funds is stated after thargingllcreditingl.. Fees payable for the independent examination of the charity's financial staternents 3,090 6,060 Trustees None of the Trustees lor any persons connected with them) re￿iVed any remuneration or benefits from the Foundation during the year. Employe8S There were no employees during the year. THE HELVELLYN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Taxation The charity is exempt from taxation on its activities because all its incorne is applied for charitable purposes. Creditors.. amounts falling due within onè yèar 2025 2024 other creditois Accruals and deferred income 3,660 2,010 3,660 6,000 5,670 9,660 10 Unr•striet•d funds The unrestricted funds of the Charity comprise the unexpended balances of donations and grants which are not subject lo speoffio oonditions by donors and 9r3ntors as lo how they m8y be used. These include designated funds which have been set aside OLrt of unrestricted funds by the trustees for speafic purposes. At 6 April 2024 Incoming resources Resources expended At S April 2025 General funds 365.687 750,000 1907.8901 207,797 Prèvious yèar.. Incoming resources Resources expended At 5 April 2024 At 6 April 2023 General funds 127,327 1.062.500 1824,1401 365.687 11 Analy¥is of net as¥ets between fund¥ unr￿tricted funds 2025 At S April 2025= Current assetsllliabilitiesl 207,797 207,797 10 THE HELVELLYN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 11 Analysls of net assets between funds Icontlnuedl Unrèstricted funds 2024 At S April 2024: Current assetsllliabilitiesl 365,687 365.687 12 Related party transactions During the year, £3,66012024- £3.6601 w85 owed lo W S HolTnes. a trustee oflhe Foundation.