THE HAWKS. AND OSPREYS, CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2026 REGISTERED CHARITY No 1198947
THE HAWKS. AND OSPREYS. CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025 Trusle8S Mr Kenneth Hodgson {Chaim)anl Mr Timothy Ellis Ide¢èa8ed 30th J16 20251 Mr Andrew Muston Mr James Skellon Mr Mathew Bullock Ir85ign8d 25th January 20251 s Cglherina Millhou58 Mrs Lizzia Condor Ire51gned Bth OCtor 2024) Professor Okeoghene Ododu Professor Robert Harle Mrs Deborah Nlchols Dr Sam Lucy (appointed 14th January 2025) 88nker8 Lloyds Bank PIC Sldney Street Cambrldge CB2 3HQ Ind6pènd8nl Exsmlner RebKc• Col88 Coles Accounllng Icambrldge) Llmlt Nevrton Hall Town Street Newton Cambrldge C822 7ZE Prlnolpal Addre88 18 Portugal Place Cambrldge CB6 8AF
THE HAWKS. AND OSPREYS. GHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025 Contgnts P49•S TN8lee8' Report Indepgndenl Examlngf8 Roport Slatem8nt of Finan¢ig1 Activlti Balanc6 Sh&•l Notes to th• financlal Statements
THE HAWKS. AND OSPREYS. CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 30TH JUNE 2025 The Trustees present Ihelr report along with the financial account of the charty for the ye8r ended 30 June 2025. The financial statements comply wlh the charity's trust deed and applicable law. Structure Governancè and Managemenl The Hawks, and Ospreys, Charitable Trust {HOCT) Is conslhuted under a trust deed dated 11 May 2022 and Is a reglstered charity No. 1198947. HOCT Is a Charitable Incorporatad Organlsatk>n, and was glfted assets frcm The Hawks Charitable TNSI {HCTI en 1st Juty 2023. New Trustees aT6 appolnled by current Trustees. Trustees must provkle sporting, legal. investment and University expertlse. 11 would be the responslblllty of the senior Trustee lo indu¢l any new Trustee and explain Ihelr responsibilitse5 and duties. There Is slgnlficanl Tru8t8e continuity ba HOCT and HCT. Trustees receive no remuneration, and ¢Jo not claim any expenses. Obj•cts and activltles The oblects of the Charity 8rè'. (a} to advance thè èducatlon of Students ol the Unlverslty of Cambrfdge, InGludlng thelT physl¢al educallcn and development., and {b) the award of bursarfe8 and 8cho18rshlps or provlslon of other flnanclal a88lBlance to youn9 persons at or havè accepted a place al Cambrldge Unlver¥ity who or whose parents are In need of financial a$slgtsn¢e. Th638 oblectlve8 are Id8ntlcal to HCT. Flnancial summary At 30 June 2025 the Tru8t'8 Inve81ment portfollo was valuod at 21,383,598. Thè Investment portfollo at 30 June 2025 was invested 460/D In the Sarasin Endowment Fund for Charities ond 54% In the Newton Growth & Incom6 Fund tor Ch8rilie8, ts1h £200 held In ca8h. Total InGome for the year was £116,399 and lolal expendkuro wa8 £92,726, th Inv88tment sain8 of £31,398. Total funds carrled foard were £1,361,535. Achlevgmonts In thg yoar Th18 y•or th& Trustees agreed Sportlng eur8ary Grants, up lo the total value of £47,486 12024.. £51,614). 113 awards were made, al an average value of £420. Appli¢alions were a$ges8ed by Truste#i on a scale from 1 to S and the marf(s added togoiher. The crlterla adopted by Iho Tru$t¢eg for award$ were noted as follows: Applicatlon8 must be supported by an approprlale senlor member ofthè Unlversity. Appllcants should normally bo resldenl members of th8 Unlverslty. Ellgible sports should normally be those for whlch Cambrldge Blue8 or Half-Blues aro avrdrded. Flnanclal need mu$l bè adequately eslabli8hed, but1ovel8 of cost should be tsken into aG¢ounl. Excellence In academiG or in olher exlra-currlcular areas should welgh in favour of applications. If need 5$ equal, actual or potèntial sporng excellence demon8trated by achlevement should be derisive. Neher gender nor a wish to spread between 8POrtS should Influence awards. In addition grant8 to The Wawk8' Club of £39,9041£2024.' £38,905) were approved lo support Hths, Club aGlivitieo. includlng the operatlon of th8 elubhouse for members of the Hths, Club and tho Ospreys. Club. Slgnlflcant actlvltles for achiovlng obJg¢tlves The means of a¢hieving the Trust's objeclNes is Invegtrrtènt management and new donations.
THE HAWKS. AND OSPREYS CHARITABLE TRUST rRUSTFÉS' RÈPORY FOR THE YEAR ENDED 30TH JIINE 2026 Re8•Ms poIIcy The Tiustees1Tr8veestalShed the T38 roserves poIIGy reference to Ch8 Cornffjls51on guthrKe gcoounbng stwtdprds IFRS 102 SORP 20151. Tho Try5 alequat¢ re¥erves 85 worklng to malGh InGom¢ rtPWh Operatir ¢xpgnditure. ¢osh fl¢w Is carefully on g wniinuing bo$i$10 m&¢llhi5 obi¢¢tiv¥. The Tru$tees do n¢1 intend 1¢ ¢Ild up reserves for n$ed purposes, but r•thw to opply 8& much Incom8as Is pwd¥ntto direct tboritabla ptswo888. Publlc b•nèr Tha Trustees o)nfim) they ljave given due cunsider8n to the ChBrity Commission glldarre on publlc benBfiL ThB Trust prov88 a pubuc benefit by giving finanrAal as515tar to SPDrt5men and wllnBn, who are mBrnbBrs olthg Unw¢rsNy pfcgmbrtdge. on41 who in fin8ncig1 naBd In puiBult Df SPDrfng excellEnce and tothB 8GllVllS0f thdr CILO. Tru8t•o8' msponJlbllltl88 Th6 frusl88s are r•8ponOIefor prep•rinp M•nd•l ¥taiements fore•¢h finorthl ye•rvdhth ond falr %ow oftheBtsl• of affatr8 of the Tru¥ta5 4tthe end ol Ihty finonei•l ar olthty suWu• ¢r dèfieil of th• Twstfarthat perlod. In wep8dng se fmBnc481 $eMts, th# TruthÈ$ ore requlred to.. - S•1•2t sull8bk8 Bccounllng polkles 6nd then apply them conBis18nlty', - Mak8ludo8mont8 and e8tim8188 that r8ason8bl8 8nd Frfudert - Comply with appllcabl8 AccL)unllng Sl8nd4rd5. subloct lo eny m8ter1 d8p8riuro5 dlBdo8ed expl8lned in th¢ fin0n¢1 $tst4rn•n¢s; - fv8par8 th9 flnancld slalements on the g¢irJ ¢orKern bash Unle It i• Inoppi¢prF•t• 1¢ pw$uMth•tth•tNstVII eonttnue In busln•s8. The Truit¢o$ •r r•wsible far malntalnln9 proper •CctyJnTho records whkh d18closa wllh r8880nabl6 8ccur8cy a18ny Ilmethe fin8nd81 PO$ttsoN of tha Tru818nd loénabla tt)em ensure thai the flnand81 statements cunply th the Ch8rille5 Act 8nd the Comp8nles PKt 20D6. They are a150 reSPL¥75ible for Sefeguardlng Ihe a58ets ol the Trustond her for I3n9 reasonable steps tor tho pr¢venVgn de¢8cbon of fraud and olhor Irr8gul8rftleu. Approv•d by ts Twawaand sn8d on Ihelr t•haK by. I. LL4- Mr lan Hodg•¢n Ch•lrm•n D81•d'.
THE HAWKS. AND OSPREYS, CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES I report on tho accounts of The Hawks and Ospreys Charltable Trust the year ended 30 June 2025, whickn are sel out on pages 410 9. RESPONSIBILITIES AND BASIS OF REPORT As the charity's Iruslees you are r88ponslble for Ihe preparatlon of the unts in acwrdance wlh the requlrements of the Chorilies Attt 2011 Ilhe Act.). I report In respect of my examinalSon of the chaTWs accounts carrlfrd out under seolion 145 of the kl and in oarrylng out my examination I have followed all the applic4ble Directions given by thè Charity Commission under section 145I5llb} of th8 Act. INDEPENOENT EXAMINER'S STATEMENT I have compleled my examination. l eonfim IhÈl no molerial mattèrs havè com& to my attontlon In connectlon with th8 examlnallon giving me cause lo belleve that In any materfal respect.. accounting record8 wer8 not k&pl In re8pect of the charfly as requlred by secllon 130 of the Act,. or the accounts do not accord wth thos8 r8eords.' or the a¢UnIS do not comply th the applicable requirements concerning the form and conlenl of accoun18 sel out in tha Charflles (Accoun18 and Reports) Regulallons 20Q8 other than any requirement that the accounts gbva a'lrue Bnd falr vl8w' whbch 18 not a mottor consid8rod as part of an indèpèndent oxamlnallon. I h no eoncèrn8 and have com8 across no other matters In connedon wllh Ihe ex8mln811on lo whlch attentlon should be drawn Sn IhS8 report In oril8r to enable a proper understandlng of the accourbls lo be reached, Rebecca Cole8 FCCA, Ilndep8ndenl Examlnor) Coles A¢¢ountlng {Cambrldgel Llmlled Chartered C8rt1fl8d Accountants Newton Hall Town Str9$1 Newion Cambrfdge CB22 7ZE Date..
THE HAWKS. AND OSPREY8' CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2025 Unrestrictèd Restrlcted Funds Funds Totsl Funds 2025 Total Funds 2024 Nots Incomo from: Donations Don811on8 for the Trust and legaci98 Don8tions for the Club Glft Ald Investment income Investment income 37,546 37,548 39.904 6,241 1,225,816 30,905 8,000 39,904 6,241 32,708 76,495 32,708 116,399 28,342 1,293,063 Expènditure on: Ralslng funds Charltable 8CtNIty 52,822 39,904 92,726 103,426 Total Expendlture 62,822 39,904 92,726 103,426 Galn I IL088) on investment as8ets 31,398 31,398 116,827 Not IncomellExpandltur•) and nèt mov•ment In fund8 for tho yoar 55,071 55,071 1,306,464 Total fund8 brought forward ,46 rotsl fund8 earrl8d forward The Charfty's income and net movement In fund8 relate lo contlnulng acllvltie8.
THE HAWKS. AND OSPREYS. CHARITABLE TRUST BALANCE SHEET AS AT 30 JUNE 2025 2025 2024 Nots INVESTMENTS 1,383.598 1,319,587 CURRENT ASSETS Debtors Bank account Glft Aid accrual 830 13,579 8,000 22,409 69,722 7,000 76,722 CURRENT LIABILITIES Creditors due withln one year 98,788 98,788 35,532 35.532 NET CURRENT A6SETS {22,0631 113,1231 TOTAL A88ETS LESS CURRENT LIABILITIES 06, FUNDS OF THE CHARITY: Unrè8lr(cted fund balance 1,361.S35 1,308,484 TOTAL FUNDS ,308,4 l approv¢ Ihe8e accounts and confflm that I have made av•llabl8 all relevant r*eord8 and Infomallon for thè prtrpwatlon. Mr lan Hodgson Chairman Dat..
THE HAWKS, AND OSPREYS. CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025 ACCOUNTING POLICIES 1.1 8a818 of preparntlon The financial statsm•nts have been prepared under th8 hlstorfGal Cost convention except for Investments, which are included at m8rkel value, and in accordance with FRS 102 The Finan¢Sal Reporting Stsndard applirable In the UK and R8publlc of Ireland and the Statement of Recommended Pr8Ctlce'Accounling and Reportlng by Chor88, FRS 102120151. 1.2 Golng concern bas1¥ The Trustees con$lder that the golng concern basis is appropriatg 88 Ihey conslder the reserves levels and expected Snveslmonl Income lo be al Bufficient18vels to ensure that Ihe Tru8lee8 can meet Ihelr flnancl81 obllgalkn$ for tho next 12 to 18 months and on that b88)$ th8 Charity IB a golng Goncern. 1.3 Flngnclal R•portlng Standard 102- R•du¢•d Dls¢lo8ure Ex•mptlon8 The Trustees have taken advanlagg of the followlng d18cIo8ure exemptlon In preparin9 these fknanclal 8latsmentg, a8 permitted by FRS 102: the requlremenl of Secllon 7 Stalem8nl of Cash Flows. 1.4 Investment• Flxe<l a8681 Inve8lmenl8 are 8tatsd at market V8lu8 1.6 Spendlng rul• Th¢ Trust has adopted a lolal retum"$p¢ndlng Nlo" of 3.2S% of the rolllng thre8yr averagg of the C8pItsI value of Il¥ Inveslrnenl8. 1.6 Qrant •xp•ndlture Sporting Bur8ary Grant expenditure 1$ recogn18ed when awarded lo Sndlvldug18. Grants lo the club rolalo 10 the activitie8 of th? $tudenls' Club, 1.7 Taxadon The Tru$t1g a registered charNy In th8 Unlled Klngdom and no 18Xgtlon18 payable on ils Income.
THE HAWKS. AND OSPREYS. CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 30TH JUNE 2025 DONATIONS Total Fund$ 2025 Total Funds 2024 Donatlon8 for Trust Ilransf8rrad from Hawks, Charitablè Trust) Dtsnalion8 for Trust (from members) Donation8 fof The Club (from m8mb8rs) Legacy Don8llon8 1,200,299 20,517 30,905 6,000 27,546 39,904 io,otsJ 1,256,7 HOCT bengfltted from Ihe one off donallon of assets from The Hawks, Charhabl8 Tru81 In the prlor yaar12024' Don8llons ar8 separated beeen those that result In sp¢rtlng bursary grants for indlvldual studenlg by addSng to th8 Trust'5 &ndowmenl and those that result In granlg for the Hawks, Club and119 tIvItIes. In Ilne th donors, oxpr8ss wishes, al the dlscrèllon of the TNsl•88. 3 RAISING FUNDS EXPENDITURE Unmtrlctsd Fund# R•8trlctsd Funds Total Fund• 2028 Totsl Fund8 2024 TN81 Inve8lment admlnS8tr8llon fee¥ Malllngs Even18 to ra580 donallons Mark8ling Prof888lonal Fe 4 CHARITABLE ACTIVITY EXPENDITURE Unr•ytrictsd Re*tri¢ted Fund$ Fund• Total Funds 2025 Total Funds 2024 Sporting bursary grBntS 8ward8d Grants lo Hawks, Club Printing, p0818gB and stationery Mi8cell8neous Incjuding bank fa Legal Fee$ In¢Jepen(Jenl examlnalion 47,486 47,486 39,904 1,071 3,815 51,614 38,905 1,334 3,463 7,690 420 39,904 1,071 3,815 450 450 52,822 2,726 103,426 TRUSTEES. REMUNERATION Th8 Iwste•s r8ceived no remuneration or expenses durfng the year. Therg re no employment benefits for key management personnel.
THE HAWKS, AND OSPREYS. CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025 INVESTMENTS Market Valua As a11 July 2024 Withdrawals Reinvested Income Invegtmenl m8nagemenl fe88 Revaluation 1,319,S87 32,708 195} 31,398 As at 30 June 2025 1,383,598 AS a130 June 2024 1,319,587 Thg Invg$lmgnl ¢)blectSva Is lo Inv•sl on a long tsrm bo818 wSlh o VI lo pr8serving th8 raal vAlu8 of Ihg ¢8pllal gnd Sncom9 over th8 y&or8. A8 at 30 Jun& 2025, £632,558 {45.7%1 was held In th& S8r8sln Endowmgnl Fund,. £750,810154.3Y•l was held In the Newton Grovrth & Income Fund for Charilie8', and £231 w88 held Sn ca8h. The a88el alloeallon over the fvjo lunds wa8 Flxed Income 15.3%, Eqvllles 75.40h, Property 1.8%, Allem81ive Investmen18 4.90/•, and Liquld Ag8819 I Cash 2.6% The geogr8phlc asset alloc811on w&$ Starllng 2, Euro 13%, US 36%, Yen 2%, Other 20%. CREDITOR8 2025 2024 HOCT Awards not yet pald Owng to The Hawk8, Club Olher 46,000 52,184 622 34,929 8 ANALYSIS OF CHARITABLE FUNDS Fund Oain8 and I09¥j Fund Ifwd Incomo Expgndltur• Unre8trlcted 1,308.484 116,399 92,728 31,398 1,361.535 Restrfcted 39,904 (39,9041 1,308,464 156,30
THE HAWKS, AND OSPREYS. CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025 RELATED PARTY TRANSACTIONS AS 0130th June 2025 the Hawk5, Company Ltd tswed the Tmsl £Nil12024'. £8301 As 81301h June 2025 Th• Twst owed £52,184 {224.. £34,929) lo the The Hawks, Club 10 ANALYSIS OF NET ASSETS BETWEEN FUNDS UnrestrlGt•d R•$trl¢t¢d Fund$ Funds Total Fundg 2025 Total Funds 2024 Inve81menls Nel curienl a$ge18 1,383,598 I22.) 1,383.598 122,0631 1,319,587 113,1231 61,535