Charity reEistTrtion number 1198707 (England and Wales) THE HARDY FAMILY FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 THE HARDY FAMILY FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees V Hardy AJ Hardv H Hardy Charlty number 1198707 Reglstered offi Flat 2 15 Enfield Road London United Kingdom NISEN Independent e¥aminer Sedulo London Limrfrt Independet examlner's report Staternentof financial aCtItieS Balance sheet ststement of cash flows Notes tothe financial ststements 7-13 THE HARDY FAMILY FOUNDATION TRUEE$, REPORT FOR THE YEAR ENDED 31 DECEM8ER2024 The trustees presenttheir annual reportand financial 5tsternentsfor the year ended 31 Dernber 2024. The financial statements have en prepared in accordante with accountin8 policies set out in note I to the nanclal 5tatetnents and cotnply with the charity'5 con5titutlon the Charities Act 2011 "Accounting and Reporting by Charities.. Statement of Recommended Prattice applkable to charitie5 prepHring their account5 in accordance with the Reporting Stsndard appllcable in the UK and Republic of Ireland (FR5 1021" Objectlves and 35t1e5 Objectives and aim5 The objetts of The Hardy Famlly FthJnd*ion (the %oyndatlon"l are to advance such tharitable purrx)se5 according to.the law of England and Wales as the Trustees see fit from time to time. However, the Trustees have determlr*d that the current priortiie5 for funding will be the arts, autism 5tRctrum di50rder and attention defKit hyperactivity d$50rder. cancer, child and youth, demefttia. the environtnertL foetal alcohol Spect dwrder, food ky)verty. homele5snes5. LGBTQtA+. refu es and women's issues. with priortyg¢*n to charltles/proiects which will benefft those in the Fast LorKlon and East Kent area . The Foundation focusses on provMlin8 fundlng to exi#ing charlties whose objetts fall whollyor partlywithin the obje Foundation. with a partlculaf emphasls on supporting longer term I mtslti-year proletts which crIti*5 might ot struggk to estsblish due to income uncertair¢ty. of the erwise Publir ber*fft The Trustees have given due con5idetstion to the Charity Cotnmission pU1Shed guidance on the opet*ion of th nÈfrt requirement when reviewing the Foundation's aims and objettivÈ5 and in planning the Foundation'5 £urr futu artiwties. The achievements and actNitses outlined in thls rewrt demonstrate the wblic benefit arfsing f Foundation'sactiwtie5. public rTrt 3nd mthe AchÉeve1rt5 and perfomance Charitable attlvitie5 During the period l January 2024 to 31 DeCeMr 2024. the Foundatlofi ¢Oll5idered two rounds of fvnding applicatio for applications received on or prior to 31 December 2023 and one for applicatlOll5 receNed on or prior to 30 June Followlng such conslderatlon. the Foundation disbursed a total of £97,341 in the period anx)n8 25 gIstered charitie 2024. During the period, the Foundation also committed a further £39.731 to be disbursed In 2025 and £19,93 disbursed in 2026* giving a totsl of £157,3 in grants approved duringthe pe¥iod. s lone 20241. during to be Financial revlew Financlal position During the perii)d l January 2024 to 31 Drnber 2024, the Foumlatton received income of £338.603 12023.. £501.1231. consistillg of E250.0(K)12023.. £350.CWI in d(ittations from a TfU5tee, £62,57712023= £150,740) in gift aid and £26,02 12023.. £2,383) in Interett incotne on its dep05itS. Expenditure for the peri(xl was £101,048 12023= £72,588), consisting of £97,341 12023.. £69,599) in grants dlsbur £3,70712023= £2.9891 In other Èxpenses. dand With £59.662 reserved for grnnts commltted to be paid In 2025 and 2026 and £25 reserved forfees. the FthJnd*ion carried fow4ard balantr of £855,84812023.. £624,7431 all ol which consists of unrestrirted fund& anet THE HARDY FAMILY FOUNDATION TRusr ES. REPORT (CONTINUED) FOR T E YEAR ENDED 31 DECEMBER 2024 poliry lty Is a grant Eivin8 OTganis3tion whith has en prlmarfly funded by Eift5 from a tru5tÈe. The trustee has advlsed the n that she is unlikely tri be able to make 518nificant donation5 to the foundation after Z025 and accordingly the n is holding considerably higher reserves curontty to enable foundation to continue to offer long term furfitv r the L*kt decade or moye. The cha foundat foundat grantso FUTURE PLANS The Foundation h45 aldY disbursed grants in 2025 lin respett of appli¢8tions received up to 31 December 20241 and expects Fo make a further round of grdntlunding in 2025 in re5pÈtt of appli¢atlons received on or before 30June 2025. In view trustee Found the sntention to seek to lund projetts on a longer-term basis and 3nticipating th4t the Found*ion's income from ifts will redu significantty in 2025 and in subsequent year5. the Tru5tÈe5 have detemilned to invest sorne of the ion's funds with a vlew to increasingthe overdll amountduefordistribution over the next decade or rnore. Stru¢iu p styemart and management The charity iscorrtTolled by its govÈrnin8 document. a con5tltutioD, ond conAttutes a charitsb 5wr3ted organisation. The tru V Hardy AJHa ee5 who served durln8the yearand upto the date of slgnature of the financial ststernents were: H Hard Recruit entunduppointrnentof trustees On app intment. new Tru5tee5 accept a TrusteÈ declarnUon statement committing them to the gNinK of thelr tlme and experti*. There 15 currently no fomial Induthon program for any newty appointed Trustee other than a meeting wrth the Chair tson and otherTrustees. The trustees, reportwas approved by the Board of Trustee5. AJHa Twste¢ Date.. THE HARDY FAMILY FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HARDY FAMILY FOUNDATION I report to the trustees on my examiriation of the finoncial sWrnent5 of The Hardy Family FoUndatn (the charity yeaiended 31 Detrmber 2024. fDr the Re5ponslbilitie5 and basis of report As the trustees of the charity you are responslble for the pparat)n of the finaAcièI ststements in accordance requirernents of the Charities Act2011. )th the I report In resF*tt of my eyAmln&ion of the chariWs financial ststemeftts tzrried out under Section 145 of the Char 2011.1n carying out ry exarnination I have followed the Directions bythe Chartty Commission under5ection of the CharitiesAct 2011. tles Act Independent examlnerfsststement Since the charity'5 gross income exceeded £250.(MJ). inderendent eyarniner must be a member of a body listed In 145 of the Charities Att 2011. 1 confirm that l am quèlrfied tr> Underta the exatnination because l atn a rnerDbe soriation of Chartered Certrfied Accountants. which one of the listed bodS. section of the Your èttention is drn to the Fact that the chartty has prepared the finar*ial ststements in attordan(e vAth the vant version of the Statement of Recomrnended Practice applicable to charitles Pfeparln8 their financlal sratements in accordante wich the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 in preferen to the Acc unting and Reporting by Charities.. Ststernent of Recorornended Prartice issued on l April 2$ whlch is referred to In th extant re8ulations but has now been withdrawn. l understand that this hès been done in orderfor the financial Strdtements to atrue and fairview in aCcOrd4rWith UK Generalty Accepted Accounting PraLtKe. I have completed my eyjminètiorb. I confimi th& no matter5 have come to tny attention in connection with the exa giving me cause to believe that in any material respett= ccouniing records We not kept in respect of the charity as required 1ry5eLtion 130 of ChoritiesALt 2011. the financial ststements do notaccoTd with those record5,' OT the financial statements do not compty wr(h the applicab requirements conc@mir the form and content of f ststernents set out in the Chartties (Accounts and Reportsl Regulations 2008 other than any requirement t financial 5tatsments 8ive o true and fairview. which is not a rnatter considered as part of an independent examin ination nancial at the ion. I have no concerns and hwe come across other rnattÈrs in conrtection WFth the exarninotion to which attention SIUld drawn in thls report in orderto enable a proper UEr5nd1ng of the flnan¢ial statements to be reached. 34yA Emma Houghton FCCA Sedulo London timbted Offtce 605Albert Hov5e 2%- 260 Old Street London ECIV 9DD United Kingdom DHted. 19 September 2025 THE HARDY FAMILY FOUNDATION STATEMENT OF FINANCIAL AcfiviTIES INCW ING INCOME AND EXPENDITURE ACCOUNT E YEAR ENDED 31 DECEMBER 2024 Unyestrfded fvnds 2024 funds 2023 Note5 IrKomelrom: Donations and legacies nts 312.571 26,026 500,740 2,383 Totsl in 338,EQ3 503,123 Expend ture on: Charitsble attNities 101.048 72,588 Totsl penditure 101,048 72.588 Net in meaThl mowèment InfUts 237.555 430,535 RÈconc liat1¢ of fund& lan5 at l January 2024 Fund 677,980 247,445 Fund latt¢e5 * 31 December20Z4 915.535 677.980 The sts from c ement of financial aLtivtties Includes all gains and losse5 rOgnISed in the year. All Income and expenditure derive snuing a(bVe% THE HARDY FAMILY FOUNDATION BALANCE SHEET ASAT31 DECEMBER 2024 20Z4 2023 Fixed assets Investments 330.IKX) Current assets Debtor5 Cash at bankand in hand li 62,577 524.758 681,796 587.335 11.8001 681,796 13,8161 Credllors: ab)Unts1aIlI[ry duewithin (e¥ear Net aiirent assets 585,535 77,980 Total a55ets le tyrrem lbIlItIes 915.535 677,980 Thefunds of the ch•rliv Vnrestritted funds 915,535 915,535 The flnanclal statements were approved by trustees on.. Trustee THE HARDY FAMILY FOUNDATION STATE ENT OF CASH FLOWS FOR E YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash fl Cash 8e from cyeTrtlngadi¥itse5 erated from operations 146.936 430,168 IestIn% a¢tivitles Purchase of investments Investment incorne reIVed 1330,OLKII 26,026 2.383 Net ca lused inllzenerated from investinKartl¥iiles 1303.9741 2.383 cas 8enwed from flnandngactlvStles Net (dreaseilre1?5e bn 5h and ush equN¥lertts 1157.0381 432,551 Cash a cash equlvalents at beginnin8 of year 681.796 249,245 Cash (ash equi¥alerrts at end of •r 524.758 681,796 THE HARDY FAMILY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 poJloe5 Charity inforniation The Hardy Family Foundation is a Charitable Incorporated Organisation. Ll AccoyrtinBciyi¥ention The financial 5taternents have been prepared in a¢cordanancial 5tateft*nts. ity ha5 adopt 1.3 (that?ble fvnds Unrestricted funds are awdilable for use at the discretion of thetru5tees in fvrthÈr8nte of theirtharitsble oblett Re5trrted funds are subjertty speclfit condrtlons by donors or grantors as to how they may be used. The purpo use5 of the restritted funds are set (Mjt Inthe notes tothe fincIal ststernents. sand 1.4 Income Income is rets)gnlsed when the charty is legally erted to it after any perfom)an¢e conditions have been amtsunts can be measured reliably, and it is probable that incorne will be retewed. Lthe Cash donatKIPs are recogni5ed on elpt. Other donatlons are fetognised once the charity has beery notified of the donation, unless performano condrtlons require deferral of the amount. Income ta¥ recoverable in rel n to donatlolls reiVed under Glft AKI or deeds of covenant is recognised atthe tirne of the donatK)n. 1.5 Expendlture Expendthre is wognised oncÈ there is a legal or constructive obligation totnSfr economic benefit tri a third party. It is probable that a transfer of economic benefits will be required in settlemenl and the arnount of the oblWion(an be measured reliab. xpendi(u¥e Is classified by activity. costs tsf each ttty are made up of the totsl of direct costs and sha includin8 5UPPOrt Costs invOd in undertaking ea£h activity. Direct costs attributsble to a single artivity a all dire¢tly to thèt activity. Shared costs which contribute to more than one activity hnd sUprt costs which attributable to a singLe activity are apportioned between those actwities on a basis CO%SiStent wtth the USÈ of res Central stsff costs are allocated on the basis of titne spenL and depCiatIon charges are allocated on the portio asset's use. Costs, ated urtes. of the THE HARDY FAMILY FOUNDATION NOTE TO THE FINANCIAL STATEMENTS (CONTINUED) FORT E YEAR ENDED 31 DECEMBER 2024 nt1 policles (Continued) 1.6 Fl asset imi&tments d 8sset investments are Initial ffleasured at transaction price excludin8 trdnsartion costs. and are subsequently sured at fair valuÈ at each PortIn8 date. Changes in fairwdlue are Tetognised In net incorne/lexpenditUI forthe ar. Transattion costs are expensed a5 incvrred. 1.7 C•sh and tash equlvalents C sh and cash equlwants include cash in hand, dew5tts IEki at call wth bank%. other short-term liquid in%*stments ith original maturities of three month5 or less, and b6nk overdrafts. Bank overdrafts are shown within borTowinKS in 1.8 F nandal Instruments The chartty has elected to appty the wow510ll5 of Secbon 11 'Basit Financial Instruments, and Section 12 '0ther nanclal Instruments Issue5, of FRS 102 toall of its fin8nrial instruments. Flnaneial instruments are recOgned In the charity's balance sheet wlEn the tharity becomes party to the contractual ovisions of the instrurnent. nancial assets and liabiltties are offset, with the net amounts presented in the financial statements, when there is gally enforceable right to set off the recognised amounts and there 15 an intention to settle on a net basis or to realise e assetand settle the liability 5irnultsneous1y. 5i¢finonciala55¢ts sic finantial assets, which include debtOTS and cash and bank balan5, ore initially measured èt transactlon price cluding transaction costs and are subsequently carried at amortisd cost uslng the effectwe interest method unless e arrangement constitutes a financing ttansattion. Wre the transaction is measured at the present wdlue of the ture ipts discounted at a tnarket rate of InteSt Financial assets classified as receivable within one year are not ortised. 8U5kfvonCll10b1Irtles Basic linancial liabilitp5, irKluding creditors and bank loans are initkllly recognlsed at transaction pritr unless the arrangement constitute5 a financing ttansattion. where the debt Instrument is Measu at the present walue of tl ' ture payments discounted at a rnarket rate of interesL Financial liabilities classif as paYats WKhin one yeaF ate not orti5ed. ebt Instrumentsare subsequentlycarried atarnortised c05L using theeffertNe Interest rate meththl. Trade creditor5 are oblig8tionsto pay for goods or serVe$ th* been acquired ITh the ordinary course of operation5 m suppliers. Amounts payable are classified as current liabiltties if payment is due within one year or less. If not. they re pSented a5 non 2,2(YJ 5,0 5,OCK> 5.oc 4.6(K) ckerjack ttors of the World UK ndelion Time iversity ol Kent mlly Holiday Charity ts Protettion 3.050 5,000 melza oody Good PÈriod apton Comtnon Boys khool nly Connett Using forwomen ver5ity Role Models e Marfowe Trust 5,000 S,0 5,000 2.500 M PublicatlQnS e Big House Theat nterbury Food Bank cmillan C3 Supwrt zy Lamplugh Trust eaking Barrfers AN ther 3.810 2,50D S.0(K) 97.341 69.599 10- THE HARDY FAMILY FOUNDATION NOTES TO THE FINANCIAL sfATEMENT5 ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Support co#s allocated ts actltIeS 20Z4 Support Costs Governance costs 1,907 1,189 3.707 Analy5ed between.. Provision of gronts to ¢harikble entRies 3.707 2.989 Tru5te05 None of the trustees lor any perx¥rts (vnnected with them) mneration or beneffts frorn th during the year. chartty Employees The average morthly TrL¢mber of empbyeesdL¢ring the year was: 2024 2023 umber Nurnber Totsl There were M ern¢)Yees whose annual remunerntion wa5 Ill0 than £60,(MXI. Taxatlon The charity ss exernpt froffl tsxatioft oil tts activities tase oll its Intome is appliedforcharitable wrwsek 10 Flxed a$5et IestMe$ Cash P rtlolio Cost orvaluatlon At ljanuary 2024 Additions 30,(M)O At 31 December 2024 30,000 Carrying ¥mcurt At 31 December 2024 30,000 At 31 Decernr 2023 11 THEH RDY FAMILY FOUNDATION NOTES O THE FINANCIAL STATEMENTS (CONTINUED) FOR TH YEAR EAIDED 31 DECEMBER 2024 li De 2024 2023 Am urts fallingdu• wlthln oneyear: Pre ayments and accrued intt>me 62577 12 Cre Itor5: •mounts f•lllnK du•v•ithin on•y•ar uals and deferred income 3.816 Unr rlct•d funds The tos bee unrestricted funds of the charity comprise the unexpended balances of donatlons and grants which are not subject ecific condf(ions by donor5 and grantor5 8S to how the¥ may be used. These include designated funds which have set aside out of unrestTiCted fvnds bythe tru5tee5 for Specle purposes. At l January 2024 In¢omlng Resources At 31 De¢emb•r r•sour¢•s wended 2024 Gen ral funds 677,980 338.603 1101,(1481 915,535 lousyear. At l January 202J Incoml ReSoue5 At 31 December gXP8nded 2023 Gen ral funds 247,445 503,123 172,5881 677,980 14 InKent Uabllltles The pai harity ha5 commltted to paying further grants to insti(utions amounting to £59,662 with £39,731 expected to be in 2025 and £19,931 expected to be paid in 2026. Multi-year gnt agreernent5 h3ve been Signed for these, ever, the institvtion rnu5t re-apply for these funds and be re-approved by the charity before payment 15 made. The mitment will be funded by unrestricted funds. 15 d partytransartlons e period ended 31 December 2024, the charity received donations totsling £250.(X)0 12023.. £350.0(K>l from A J y, a trustee. Ha 12- THE HARDY FAMILY FOUNDATION NOTES TO THE FINANCIAL STATEMEPllS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Cash generated from 0ratIOnS 2024 2023 Surplus forthe year 237.555 430.535 AdJustm•ntsfor. Investrnent incorne recognised in statement of flnantlal activities 126,0261 12.3831 Mo¥ements In workln8 C4pitsI: IlncrÈasel In debtors IDeuÈaselllncTea5e in credito¥s 162,5771 12.0161 2,016 Cash %en*r*•d from opertlo 146.936 430,168 13-