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 J￿16 20251 Mr Andrew Muston Mr James Skellon Mr Mathew Bullock Ir85ign8d 25th January 20251 s Cglherina Millhou58 Mrs Lizzia Condor Ire51gned Bth OCto￿r 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$slgtsn¢e. Th638 oblectlve8 are Id8ntlcal to HCT. Flnancial summary At 30 June 2025 the Tru8t'8 Inve81ment portfollo was valuod at 21,383,598. Thè Investment portfollo at 30 June 2025 was invested 460/D In the Sarasin Endowment Fund for Charities ond 54% In the Newton Growth & Incom6 Fund tor Ch8rilie8, ts￿1h £200 held In ca8h. Total InGome for the year was £116,399 and lolal expendkuro wa8 £92,726, ￿th Inv88tment sain8 of £31,398. Total funds carrled fo￿ard were £1,361,535. Achlevgmonts In thg yoar Th18 y•or th& Trustees agreed Sportlng eur8ary Grants, up lo the total value of £47,486 12024.. £51,614). 113 awards were made, al an average value of £420. Appli¢alions were a$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 spor￿ng excellence demon8trated by achlevement should be derisive. Ne￿her 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 Tiustees1Tr8veesta￿lShed the T￿3￿8 roserves poIIGy reference to Ch8￿ Cornffjls51on guthrKe gcoounbng stwtdprds IFRS 102 SORP 20151. Tho Try￿￿￿￿5 alequat¢ re¥erves 85 worklng to malGh InGom¢ rt￿P￿W￿h 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 t*boritabla ptswo888. Publlc b•nèr Tha Trustees o)nfim) they ljave given due cunsider8￿n to the ChBrity Commission glldarre on publlc benBfiL ThB Trust prov￿88 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 8GllVll￿S0f thdr CILO. Tru8t•o8' msponJlbllltl88 Th6 frusl88s are r•8pon￿OIefor 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 $￿eM￿ts, th# TruthÈ$ 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 $tst4rn•n¢s; - fv8par8 th9 flnancld slalements on the g¢ir*J ¢orKern bash Unle￿ It i• Inoppi¢prF•t• 1¢ pw$uM*th•tth•tNstV￿II eonttnue In busln•s8. The Truit¢o$ •r* r•wsible far malntalnln9 proper •CctyJn￿Tho 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 I3￿n9 reasonable steps tor tho pr¢venVgn de¢8cbon of fraud and olhor Irr8gul8rftleu. Approv•d by ts Twawaand s*n8d 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 Chor￿88, 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 obllgalk*n$ 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