Hughes Education Charity Charity Number 1194812 Trustees' Report and Unaudited Accounts 1[st] July 2024 to 30th June 2025 Hughes Education Charity Trustee Annual Report 2024/25 ## Table of Contents Trustees’ Annual Report .......................................................................................................................... 3 Reference and Administrative Details ................................................................................................. 3 Objectives and Activities ..................................................................................................................... 3 Achievements and Performance ......................................................................................................... 4 Policy on Grant Making ....................................................................................................................... 4 Future Outlook .................................................................................................................................... 4 Structure, Governance and Management .......................................................................................... 5 Financial Review .................................................................................................................................. 5 Statement of Trustees’ Responsibilities .............................................................................................. 5 Statement of Financial Activities ......................................................................................................... 6 Balance Sheet ...................................................................................................................................... 6 Notes to the Accounts ......................................................................................................................... 6 Charitable Activities ............................................................................................................................ 7 Hughes Education Charity Trustee Annual Report 2024/25 ## Trustees’ Annual Report The Trustees present their report with the unaudited financial statements of the charity for the year ended 30 June 2025. ## Reference and Administrative Details Charity Number: 1194812 Registered Office: Horam Flat Farm Chiddingly Rd Heathfield TN21 0JL Trustees: Luke Hughes Rizalinda Hughes All trustees were in position for the full year. Bank: National Westminster Bank 250 Bishopsgate London EC2M 4AA ## Objectives and Activities The objects of the charity as set out within the constitution (14th May 2021) are: For the public benefit to promote the education of people in full time education in such ways as the charity trustees see fit, including by: 1. Awarding to such persons grants or the provision of materials to enable them to attend university, college or institutions of higher or further education. 2. Provision of grants, equipment or materials to organisations providing full time education. 3. Supporting and enabling the co-ordination and co-operation of educational organisations in different geographical areas with different socio-economical backgrounds. Hughes Education Charity Trustee Annual Report 2024/25 ## Achievements and Performance The 2024/25 year represented a successful year in operation for the Hughes Education Charity. As in previous years, the charity continued to expand its reach and made a positive contribution to the education of a number of individuals and communities. Key achievements in 2024/25 included: - Ongoing support to six primary schools, supporting more than 1,250 people in full time education - Expansion of reach to a primary school in suburban Morocco, enabling the charity to grow its span of support to date to three continents. Throughout the year 2024/25 the trustees have held regard to the guidance issued by the Charity Commission on public benefit. The trustees have also sought to further their knowledge and abilities in order to better carry out their roles. No costs were incurred in the 2024/25 year in carrying out this activity. ## Policy on Grant Making A material function of the charity is to provide grants to individuals and organisations in order to enable access to education. As such the charity holds a policy on grant making, provided below: - Grants should only be made where materials and services cannot be provided or would incur additional expense to be procured directly by the charity. This seeks to balance the level of risk with the resources available to the charity to enact its objects. - First time grants should usually be limited to a maximum of £250 for individuals or £500 for organisations unless clear evidence is provided of the specific expenditure of the grant in advance of payment (for instance an invoice or in person verification of need). Evidence of how the money has been used is required following award of a grant in all cases (for instance receipts and photographs of the item purchased). - Second and subsequent grants have no specified limit, however should be made: - Following a visit to the individual or organisation to better understand their needs and how previous grants have been used (if not previously undertaken). - Only where sufficient evidence has been provided on the use of previous grants. - Through regard to the efficiency and effectiveness of the grant being made to meet the charity’s objects ## Future Outlook In the year 2024/25 the charity’s operation met the aims of the trustees, which enable the foreseeable future operation of the charity and will enable the achievement of the objects in 2025/26. Our plan for future years is to: - Expand outreach of the charity to charitable groups who support individuals in full time education (for instance the scouts). - Expand the depth of support offered to individuals, for instance those studying at university who may benefit from both financial and non-financial support (e.g. mentoring). Hughes Education Charity Trustee Annual Report 2024/25 ## Structure, Governance and Management The Hughes Education Charity is a Charitable Incorporated Organisation (CIO) governed according to the constitution dated 14th May 2021. The charity was established on the 14th May 2021 and registered with the Charities Commission on the 16th June 2021. The charity holds the registered charity number 1194812. Two trustees were appointed under the charity’s constitution with facility to appoint additional trustees as needed to support the ongoing growth and development of the charity in the future. The charity is managed directly by the trustees and does not employ staff. ## Financial Review At the end of the reporting period the charity is in a positive financial position, having successfully developed sufficient funds to maintain a reserve to secure future operation and operate to its objects in the following year. The charity holds a total of £11,474.66 in cash assets which surpasses the trustee’s preferred minimum level of reserves of £2,000. This level of reserve is set as it represents the anticipated maximum cost to maintain the operation of the CIO for the following year. ## Statement of Trustees’ Responsibilities In relation to the financial statements within this report the charity trustees are responsible for: - Preparing a trustee’s annual report and financial statements in accordance with applicable law in England and Wales. - Keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity to ensure that financial statements comply with the Charities Act 2011. - Safeguarding charity assets in order to detect and prevent fraud and other irregularities. Signed on behalf of the charity trustees L Hughes, Trustee 25 April 2025 Hughes Education Charity Trustee Annual Report 2024/25 ## Statement of Financial Activities |||2025|2024| |---|---|---|---| |Income|||| |-
Donatons||10,000.00|16,000.00| |-
Interest||62.29|108.65| |Total Income||10,062.29|16,108.65| ||||| |Expenditure|||| |-
Charitable Actvites||11,339.45|9,985.21| |Total Expenditure||11,339.45|9,985.21| ||||| |Net Income/ (Expenditure)||(1,277.16)|6,123.44| ||||| |Tax Due||-|-| ||||| |Total Balance Brought Forward||12,751.82|6,628.38| |Total Balance Carried Forward||11,474.66|12,751.82| ## Balance Sheet As of 30[th] June 2024 |As of 30thJune 2024|||| |---|---|---|---| |Fixed Assets|||| |-
Tangible Assets||-|-| ||||| |Current Assets|||| |-
Cash||11,474.66|12,751.82| ||||| |Total Assets||11,474.66|12,751.82| ||||| |Liabilites||-|-| ||||| |Retained Earnings|||| |-
Unrestricted Funds||11,474.66|12,751.82| |Total Retained Earnings||11,474.66|12,751.82| ## Notes to the Accounts ## **Principal Accounting Policies Basis of Preparation** The accounts for the charity have been made on the basis of receipts and payments in line with Charity Commission guidance: ‘Charity reporting and accounting: the essentials November 2016 (CC15d)’. ## **Going Concern** The trustees consider that there are no material uncertainties on the charity’s ability to continue its activities for the foreseeable future. The Trustees are satisfied that the charity’s assets are available Hughes Education Charity Trustee Annual Report 2024/25 and adequate to fulfil its obligations for a period of at least twelve months from the signing of these financial statements. ## **Income** Income was generated in the year through donations, all of which were eligible for gift aid, and interest paid on the balance of funds held. ## **Expenditure / Charitable Activities** These include all costs associated with the operation of the charity. A breakdown of costs is provided below. ## **Liabilities** The charity holds no liabilities. ## **Assets** For the purpose of the preparation of these accounts, IT equipment is assumed to be fully depreciated in year and so not recorded on the balance sheet. In practice IT equipment is expected to have a useable life of at least 3 years. ## **Restricted Funds** The charity held no restricted funds in the current reporting year. ## **Tax** The charity is not liable to pay tax on its charitable activities. ## Charitable Activities ||||2025
£|2024
£| |---|---|---|---|---| |||||| |Website costs|||100.68|115.07| |||||| |Postage & statonary|||62.46|114.07| |||||| |Ofce/IT equipment|||905.47|1221.49| |||||| |Grants|||6687.00|8,534.58| |||||| |Verifcaton of Grants|||3583.84|-| |||||| |Total|||11,339.45|9,985.22| Hughes Education Charity Trustee Annual Report 2024/25 None of the trustees have been paid any remuneration, been employed, or received benefits from the charity. Based on the activities listed above the charity’s main activities are summarised below for 2024/25. These were: |for 2024/25. These were:||||| |---|---|---|---|---| ||||2025
£|%| |||||| |Actvites to maintain the CIO|||1068.61|9| |||||| |Provision ofgrants|||6687.00|59| |||||| |Verifcaton ofgrants|||3583.84|32| |||||| |Total|||11,339.45|100|