Charlty r•glstratlon numb•r 1196119 (England arKI Wal•¥l HAwfHORNE MEADOW TRUST CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Caladine Charlered Cerlified A¢countonts HAwfHORNE MEADOW TRUST CIO LEGAL AND ADMINISTRATIVE INFORMATION Thist••s Mr D Soulhgate (Chaimian Mrs R Southgats Mrs M Hammond Mrs J E D'UM8 Mr D W E G Hammond Mr B Sp8ncèr Mrs M Spèncer (Appointsd 3 Decembèr 20241 (Appolntsd 3 Der*mber 20241 Ch•rfty numb•r (Enoland and Wah•) 1196119 Prlnclpal addr•B• clo David Hammond 7 Louls Close Okl Catton Norwich NR6 78G A¢¢•untsnt• Caladlne Llmlted Chantry Houso 22 Upporton Road Ea$tbourne East 8uss&x BN21 1BF HAwfHORNE MEADOW TRUST CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees westnt their annual rep)rt and finandal statemènts for the ye8r¢nded 31 December 2024. Th8 ffnancial 8tslemgnts hav8 b88n prepared in accordance vhth the accountiw¥J policies Bel out in nots 1 to th8 financial statements and comply wSth the CIO'$ goveming document. tho Charities Act 2011 and 'Ac¢ounting and R8POrting by Charitlas.. Statement of Recommended Practice appllcabla lo charilios prepafing thoiT a¢¢ount$ in accordance with lh6 Finan¢lal R8portlng Standard appIl￿blO in tho UK aTrd Republic of Ireland (FRS 102). 18ffecliv8 1 January 20191. ObJe¢dv•B and aeUvltl•B Publlc beng17t The Iruslees have p8id due regard to guSdane* k8U8d by tho Charfty Commi8sh)n in deildlng whgt 8ctfvlll8$ thè CIO should undertako. Achl•v•m•nts and ￿rfOrmanc• &gnlncant act1￿110S and achl8vements agalnsl obJ8ctfves Al present. no 5illnbflcant 8ctivltles hAve taken pl8ce In thé CIO. The CIO YAII be responslble as the development company for The Hswlhomo M•odow Tru¥t 8lte known a¥ Pln•wood Court on behalf of Tho Howihorn8 Meadow Trust. Further detaN8 are 8hown whhSn the report ofThe Hawlhorne Meadow Trust, charity rggistratlon nUM￿r 1058375. Flnanclal r•vl•w Th9re were no Iransactlons duriTrJ tNs yrfod. Structur•. govoman¢• •nd manag•m•nt Th8 CIO is reg18tèrad wth the Chorlty Commls8lon for England and Walos Ino. 11961191. It 18 govemed In accKJrd8nce wllh Its Consb'tution dated 12 October 2021. The Irustoes who se￿￿ durfng th• year 8nd up lo the date of slgngture of the flnanclal 8lal¢menls wore.. Mr D Southgate {Chalmi￿) Mrg R Soulhgate MTS M Hammond Mrs J E D'Lima Mr O W E G H8mmond Mr 8 Sp8nc8r Mr8 M Spencer IAppoinl8d 3 D8cember 20241 {Appointed 3 December 20241 Re¢rulfrpJenl and 8pwntmenl oftruste88 None of the tru$lees has any ￿nefICIal Interosl In the company. All of tha trustee$ arg membeTr of the cornpany ond gu8r8nlee to ￿￿tribU1? £1 in thè ovent of a winding up. Tho Trusle8s' roport was approv8d by the Board of TFU8te88. Mr D W E G Hammond Trustee 31 August 2025 HAwfHORNE MEADOW TRUST CIO CONTEKrs Pag• Trn8ts88' r8port ACC￿nI•nI$. r•port $laEern8nt of flnonL*I actlvltl•s BaIgn￿ sh8ot Not￿ to tho flnandAI •tot•mwrt8 HAWTHORNE MEADOW TRUST CIO CHARTERED CERTIFIED ACCOUNTANTS. REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HAWtHORNE MEADOW TRUST CIO FOR THE YEAR ENDED 31 DECEMBER 2024 In order to a8slst you to fijifil your dulles und8r tho Charltles Act 2011, w6 havÈ pr8par8d for your approval th8 flnanaal stslem8rts of Hawthorn8 M8adow Trust CIO for th8 y8ar ended 31 Decemb8r 2024. which comprise the statem811t of financial activities and the r&laled notes from the charty'8 awounting records and from lnfomats.on and explanations you have gfven us. A8 a practising membar fim of ts A88Oa8tion of Chart•red Certiffied Accountants. wo ara subj6el to ils elhlc81 and olh8r prof886ional requir￿ants whlth ar• detslled al https.IlwwAccaglobal.¢omlgblo￿Momb8r/stand￿rd8IruIa an&slandardslrulebook.html. Th15 report Is mad• to Ihe tNste88, as a body, In accordance wlth the terms of our engagement l•tter dated 23 October 2023. Our wort( has b&&n undertaken solely to prepa￿ for your approval the ftnanclal s*al&rnents of Habthorn6 Meadow Trust CIO and statè thos8 mBtters that we have 8gr9ed lo state to the chaTIty's tnJst•8S, as body, In IhLq report in Accordance wtth the requlrem•nts of the Association of Chartered Certffied Accountants a8 dgtailed al https.'IhwN4.accaglobal.￿mIcO￿IenudaMIAcCA_GI0ba1￿echnICd￿faGvtf￿Udrt-oxeMpt-C￿MpBnIe84aTr 24.pdf. To the fulb8sI extent permitted by IBW, we do not accept or assum8 r88pon81billty lo 8nyon8 Othèr than Hawlhomo Maadow TnJ8t CIO and the chadtys trusteos a$ a booy, for our worf¢ or for this raport. It Is your duty to gnsure that Hawthom8 Meadow Tn￿t CIO has k8pl adw4UOto a¢￿In￿ng records and to prgpare stotulory fln3ndal stalèmonts that glve a Imè and f8Ir vlew of the assets, Ilablllty'es, financlal posttlon arKJ dèflclt of Hgwlhom& Meadow Tnjsl CIO. You consider Ihat Hawthorne Meadow Trust CIO Is axempl trom tho statutory audlt equirement for tha year. and Is not requir8d lo obtaln an Indep8ndent examlner's raport. We h8vo not been Instructed to cary out an audll or a review of the flnanckql s18lement6 of Hgwlhorne Meadow Tnjsl CIO. For thls reason, we h8v& nol verffi8d tho accuracy or eomphleness of tho accounllng records or InfoTha￿¢)n and &xplanallDns you have glven lo us and we do no( therefore. express any oplnlon on the $18tLrtory ftn8nclal statements. Caladln• LSmlt•d ChBrtar8d Certlfied Aceountsnts Chantry House 22 Upperton Road Eastboume Eost Sussex BN21 1 BF 31 Augu312025 HAwfHORNE MEADOW TRUST CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrfrstrfcted funds 2024 Total 2023 en Charftable a¢tlvltb8 N•t •xp•ndhur• for th• y••rl N•t mov•m•nt In fund• 1801 1801 Fund b91anw at 1 January 2024 Fund ￿lon¢0* at 31 Doc•mb•r 2024 {601 {601 The 6tat•m•nt of flnanc181 acllvllh8 InchJdo8 811 galn8 8nd108ses r•cognlBed In the y8èr. Tho 818lem6nt of financbal actlvltk8 Includ￿ all galn8 ond108888 r8cogni8ed ln lh8 yè8r. AU In￿m6 8nd 8xp8ndliur8 dorlve fr¢xn continulng actlvltle8. HAwfHORNE MEADOW TRUST CIO BALANCE SHEET AS A T 31 DECEMBER 2024 2024 2023 Curr•nt ￿¥•ts C08h at bank and In hand 140 Credilof8: amounts fallln9 du• wlthln ¢)n• y••r 200) Net cuTh•nt Ilabllltl•• (eoi fund• of th• CIO Unre$lrlctod funds {601 {601 Tho flnonclg18totem8nts were approved by t￿ tW$t￿ on 31 August 2025 r D WV E G Hammond TNst•• HAwfHORNE MEADOW TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ountlng poll¢l•s Charity ithmlallo The CIO is registered with Ihe Charfty Commisslon for England and Walès Ino. 11961191. It Is ￿verned in accordance wilh its Constilutkjn dated 12 October 2021. 1.1 Basls of pr•paratlon The financial statements hav8 b88n pr8par8d In accordanc* vAth th8 CICYS g)vamlng documonL the Chariti&8 Act 2011. FR5 102 Yho Financial ROF0￿￿9 SlaThlard applk8blo in the UK and Republic of Irsland. I'FRS 102.1 Bnd the Charities SORP 'Accounling aThJ Reporting by Charities.. Statement of Recommended Pr8Ctice appllcabla to charftles pr8pgrSn9 ihelr accounts In a¢cordanco wlth the Flnancial Reporting Standard OP￿ICable in the UK and Republic of Ir8lBnd IFRS 1021" (effective 1 January 20191. The CIO Is a Public Benefft Enlrty 88 deflned by FRS 102. Tha CIO ha8 t8ken advantagg of the provlslons In th8 SORP for charltlo8 not to preparn 4 Staternent of Cash Flow8. The finandal 8talements have dgparted frcm the Charidg8 (Accounts and Reports) Rggulalbns 2008 to the extent réqulrèd to provide a true aThJ falr vl8w. Thi8 dèpèrture has Involvèd fc•llowlng thè St8temenl of Recommendod Practi￿ for chertlies ¥pplySng FRS 102 rathor Ihan thg ¥¢r$lon of Ihg Statement of Recommended PTBdce reforrefl to In the Reuu18Uons but whkh h88 81nc& boen wlthdrawn. Tha financlal statement8 arn ygparod In slerflng. vthk** Is th• funcllonal currnncy of th8 CIO. Monglary arrKJunt8 in tho88 financi4 8taiemonts are rounded to the nearest £. The flnancl81 slatern8nts have been prepared undèr th8 hlstorical c08t conv#ntion. Thé pdndpal aceounlin9 pc41de8 adopted ore 8el out b8I)w. 1.2 Golng ¢on¢•m At Ihfr Ilmg of approvlng the financlal 8tstemenls. the Iru8lees hove a roasonablo oxpectallon that the CIO ha8 adequate resources lo continuo in operalional exi8ten¢& for thg fore8e88blg luluro. Thus the trusl¢g$ contlnue to adopt the golng concem ba8b8 of Bco)unllng In prepa￿ng Ihe ffnandal 8tatsment8. In due course, the CIO wlll b& tsklng over Ihe exlstlng 8Ctlvltie8 of The Howthom• M•odow TrLK%t. charlty regl$trotlon numbor 1058375. 1.3 Charltable fund• u￿￿estrICted lunds aro available for use al Ihe dl8¢retlon of lh8 trustees In fvrtheranca of thelr charflatle objectives. Re81ricted fvrnls aro subject tr) speclfic o)ndblons by dcrnrs or granlors as to how they may bo used. The purpose8 and use8 of the restricted funds are Set out in Ihe notes to the ffin8nrA81 $18tements. Endowm8nt ar8 subJ8ct to SP8cMc condlllons by donors that th8 caphal musl b8 malntalned by th8 CIO. 1A Income Inc4)me is recognised when the CIO i318galty entitled to it after any perfomanc8 cofKlilK)ns hav8 b88n mat. Ihe amounts can be measured reliabty. and11 is probablB that Incom8 will b8 receiv￿. Cash donglYJn$ ar9 r8cognis&d C￿ r8tsipL Olhar donalion$ arg r8cogni88d onca thg CIO has been notified of the donation, unL*ss perf0m)8￿ ¢ondlNons requlre def8ffal of lh8 8mounL Income tax recoverabl& h rela￿On to donotlon5 rgce*lved under GIftAld or deeds of covenant 1$ wognised al the lime ol the donation. HAwfHORNE MEADOW TRUST CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ountkng pollcla8 IContlnu•d} Legaaes are recognlsed on r8cdpt or olh•bWiS• CIO has boan notified of an impending d15th￿￿On. th amount is known, and feceipl is expected. If the amount Is rK)t known. the legacy 18 treated gs a cLJntingent 1.5 Expenditurn Expenditure 18 r8ctsJnlsed once th•rn 1$ 0 18g81 or ¢onslructive obligotion to transfer eebnomlc bonefft to a third party. it is probable that a Ir8nsler of economic bon&fits will bo rgqulred In setll8menl. and the amount of th& obllgauon can b9 measured r8liabty. Exp¢ndbturg 1$ classified by activity. Thè c0818 of aaeh actlvity are mada up c4 Ihg lolal of dlrect costs and 8h8red costs, Indudlng suppori costs involved In undertaklng each activity. Dlrecl costs altribulabla to a $ln9le actlvlty 8ro allocated dlreclly to that actlvty. Shared costs whlch contrtbule to more Ih8n on& acJvty 8nd ¥upport costs whlch 8r8 not ambutablo lo 8 81nglt a¢Uvlly 8re app0rd￿￿d batrprnen those advlUe8 on a ba818 conslslenl wlth the use of resource$. Central staff costs are allxatod on thè bèsls of tlrn* spent, and d8wedatlon tharyes am allocated on the poruon of t￿ as8el's LW. 1.0 C4•h and ca•h wilvalont• Cash ond cash equlvalents Include cash In hand. deposits h&ld al wllh banks. other short-terrn 1Squld Inv8stm8nts with original matunli8s of three month8 or1888. and bank ovgrdrBft8. Bank overdrafts are shown wtthln barrowlng8 In current118bill0e8. B•sk fln•ncW•ss•ts Ba$lc flnanclal 8sset8. whlch indude debtors and cash 8nd b•nk b818n¢&s. ar8 Inllially measured al transactlon pricg indudSng Iran$8ction costs and are Subsequently c8ffl8d al amortl8ed cost ushg th8 gffocllve Interest m8lhe¢J unlos8 the arr8ngem&nl ¢on8ti¢utes a flnanclng tran$actkJn, where thè tr8ns8Ctlon Is m8asured at the present value of the future rec8lpt8 di8cownt•d al a m8wk&t rale of Interest. Fln8ndd a58ets d88slfied 8$ ￿1vat4? wtthln on¢ yeor are M)t amorused. B•slc flnanclalll•bllltl•* 8aslc financlal Ilabllitl8s. Including ¢x8dttoT8 and bank loans Inillally r8cogni88d at transaction price unleBB the 8rrong9mant constitut9$ o finonclng transaction, where the debt instrument 1$ me88urod 4t the pr88ent value of tha future p8ym8nts dlscoLmtgd at 8 mark91 ro18 of Interest. Finandèl 118bllili68 c188sifi8d as p8y8bl8 wllhin one year ara not amortised. Debt In8trumenl8 are 8ubsequendy carrlgd at amortl8gd cost. UGlng the effect6ve inlore81 rate method. Trade creditors are objigalions to pay for good8 or servrm that hava beén acqLNr8d in th8 ordlnary course ol operations from suppllers. Amounts payoblg ore dBssified as currènt Ilabi15tle8 If payment 18 due wthin one year or less. 11 not. they are prtsenletj 88 nort-¢ury&nt 11obllW¥$. Tfade CTedltOT¥ are Teo)gn15ed Initially at tran9adlon prfce and sub8equenlly meayured at 8Th￿rtISed cost uslrKJ tho éffe¢llvo Inlfjrost methtyj. Dorncognltlon of fin•ncl•l li•bilille Financial lialM'liti88 are der8cogni8ed when th8 CIO'8 ￿nIraCl￿al oNigalions 8xpir8 or are rflstharged or cancell8d. HAwfHORNE MEADOW TRUST CIO NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Crltlc•l accounting estimat•% •nd judg¢m•nl• In the appYKallon of th8 CIO'S ￿0)untIng pdicles, Ihe tw$teo8 roqu1￿d to make ludgwnanls. 8stimat8s and a88umplions about th8 Carr￿n9 amount of assèts and liabilities th818re not read1￿ apporont from other sources. The eS￿MateS and associated assumptions 8r8 based on hist(￿le¥1 gxpgrienco and othèr factors that are &)nsldergd lo bo re19vanL Aclual results may dlff8r from those esllmale8. The ests'm8tes aTrJ underfying 888umption8 are raviewed on an ongolng basls. Rgvl$&)ns lo accounting estlmal8s aro r&cognlsod In Ihe perfod in whith th8 estimate is revised where the revision 8ffects only Ihal perK¥J, or in tho p8riod of the rtivision and fubJro period8 whew the rgvl$ion affecis both current and lulur8 pert4J8. Exp•ndltur• •)n ¢h•rttabl• •¢Uvltl•• Unr•strl¢t•d Fund 2024 Dlrnct co•t• Bank Charg Anoty•l• by fund Unr•thded f￿￿8 iiu¥i¥¥¥ Nong of the truste83 lor 8ny p8rson8 C￿nected them) r8c8lv8d any refflUnera￿On or beneffts from th8 CIO durlng tho ygar. Tax•tl•)n Tho ¢harlty16 gxompl from taXat￿)n on its actfvlljes bgcausg all its inwme 1$ Bppli8d for ¢harft4ble purp)8e8. Loan• and ov•nlrafts 2024 2023 Lo8n8 from relatsd parties 200 Payab￿ wlthln one year 200 HAwfHORNE MEADOW TRUST CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 unr￿trICtOd funds The unTe8blcted fvnd$ of the thanty r￿Mprise the un8xp8ndgd balanc88 oldon8￿on5 and grants vthlch are not subject to specific conditions by donor6 and grantors as to how Ihgy may b8 usod. These in¢ludÈ designated funds whtch have beèn sel aside ot unroslrict$d fvnds by the trust988 for speo'fic purp0888. Al 1 January 2024 R•8ourc•s At31 •xp8nd•d D•c•mbor 2024 Gen8ral fLmds 1801 IPJ)) ROlat￿ wrty trnn•adon• There wa8 one d18dosable related party tr8n8acUon8 durfng Ihe pert(￿. th8108n of £200 from Thè Hawthome Meadow TTU8t12023- £nll).