The Hillery Family Foundation
Unaudited
Annual report and financial statements for the period ended 31 August 2023
Registered Charity No. 1199083
The Hillery Family Foundation Contents
| Page | |
|---|---|
| Trustees’ annual report | 1-4 |
| Independent Examiner’s report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8-10 |
The Hillery Family Foundation Trustees’ Annual Report For the period ended 31 August 2023
The Trustees present their report along with the financial statements of the Charity for the period ended 31 August 2023.
OBJECTIVES AND ACTIVITIES
The purpose of the Charity
The objects of the Charity, as set out in the constitution, are: “ for the public benefit, to advance the health and wellbeing of people in need in any part of the world, who are or have been socially excluded from society, by the provision of health and well-being activities/services. For the purpose of this clause, socially excluded means being excluded from society or parts of society as a result of one or more of the following: unemployment; financial hardship; youth or old age; ill health (physical or mental); substance abuse or dependency including alcohol/drugs; discrimination on the grounds of sex, race, disability, ethnic origin, religion, belief, creed, sexual orientation, gender reassignment, poor educational skills or attainment, relationship and family breakdowns; poor housing; crime (either as a victim of crime or as an offender rehabilitating into society) ”.
Activities in the period
The charity delivers it object s by offering various wellbeing events that are all ‘Free or By Donation’.
This year support groups, wellbeing and community building activities were offered to the general public. Those attending included people seeking help coping with life stressors, depression and anxiety; people suffering from trauma and loss; those in helping professions such as carers, teachers and therapists coping with overwhelm and burnout, people that are lonely and isolated and seeking connection; and people feeling disenfranchised from society. Those attending are from different socio-economic backgrounds, cultures, and holding different beliefs. All activities foster a welcoming attitude of openness, connection and collaboration. Participants say that they have become more compassionate and understanding towards themselves and others.
Public benefit
The Trustees have had regard to the Charity Commission ’s guidance on public benefit and will consider that guidance in their future activities.
As described above, the wellbeing events that the Charity runs are free to attend, although some attendees choose to make voluntary donations. Currently the activities are largely word of mouth and are fully-subscribed. The Trustees would like to create more capacity and are exploring ways to do this.
FINANCIAL REVIEW
Financial performance
The financial performance of the charity is shown in the accompanying financial statements. The income of the charity comprised donations and donations in kind. The donations in kind were primarily the free use of studio space.
The cost of charitable activities related to the direct costs of running the events held in the period, including the notional value of the donated services, together with indirect costs, including governance costs.
1
The Hillery Family Foundation Trustees’ Annual Report (continued) Period ended 31 August 2023
The Trustees are satisfied with the financial performance. As at the year end, the Charity has cash on hand to enable it to undertake its planned future work.
Reserves
As the charity has minimal outgoings, the Trustees have determined that it is unnecessary to set a reserves policy. It is intended that the reserves generated to date will be used to fund future activities.
Future developments
The Charity will commence to undertake the following activities in the coming financial year:
-
Provision of well-being services to teachers at a local school which was badly affected by a tragedy in which two pupils died, which has had a lasting impact on the teaching staff.
-
Provision of well-being services to a local prison.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The charity is a Charitable Incorporated Organisation, and its governing document is its Constitution; dated 25 May 2022.
The charity was formally registered with the Charity Commission on 25 May 2022.
Appointment of trustees
Apart from the first charity trustees, every trustee must be appointed (for a term of two years) by a properly convened meeting of the charity trustees.
In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills knowledge and experience needed for the effective administration of the CIO.
Management
The charity has no staff and is managed by its trustees.
Risk management
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the activities and finances of the charity, and are satisfied that they have adopted appropriate policies and implemented systems to mitigate those risks.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name and Registered Number of Charity
The Charity is registered as “ The Hillery Family Foundation” and its registered number is 1199083.
Principal Address
The principal address of the Charity is 122 Home Park Road, London, UK, SW19 7HU.
2
The Hillery Family Foundation Trustees’ Annual Report (continued) Period ended 31 August 2023
The Char ity’s email address is: info@hilleryfamilyfoundation.com.
Names of Trustees
The Trustees who acted during the period and subsequently were as follows:
Melissa Hillery Colin Joseph Morris Mark James Hillery
Fundraising
The Charity has raises funds from its trustees and those who have attended the well-being events. As such, it doesn’t undertake public fundraising and hence has not subscribed to any fundraising standards.
Grant making policy
Trustees aim for the Charity’s grant making processes to be transparent and to address the interests of the applicants. To this end, all eligible grant requests go through a four-stage application process.
In awarding grants, the trustees apply the following principles: the trustees have ultimate responsibility for all grant making decisions in line with The Charity’s objective , the trustees will carry out sufficient due diligence to ensure the applicants request meets the charitable purposes, organisations or individuals from any geographical area within the UK and overseas will be considered, the trustees reserve the right to not approve a grant if it determines that the resulting grant would not be charitable or would conflict with the charities stated policies or damage its reputation.
The trustees normally award grants to fund or support one or more of the following: expert organisations that provide support or services Individuals who are or have been socially excluded from society to help unblock access to well-being services; a network of professionals who are fully accredited in their professional fields, who will be able to provide services to both individuals and organisations. These services may be in the form of support groups (such as 12 step programmes), wellbeing programmes (such as yoga or mindfulness) and training where health issues are explored and resources provided for self-care; a community of individuals and organisations who are part of our network to provide space and place for connection to flourish, another important part of addressing the needs of the socially excluded, any other projects or initiatives which, from time to time, the Trustees may decide.
TRUSTEES’ RESPONSIBILITIES STATEMENT
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and regulations.
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable regulations).Under that law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period.
3
The Hillery Family Foundation Trustees’ Annual Report (continued) Period ended 31 August 2023
In preparing these financial statements, the Trustees are required to:
-
Select suitable accounting policies and then apply them consistently;
-
Observe the methods and principles in the Charities SORP;
-
Make judgements and accounting estimates that are reasonable and prudent;
-
State whether applicable accounting standards have been followed; and
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records which are sufficient to show and explain the Charity’s transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the constitution. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Melissa Hillery (Aug 30, 2024 08:15 GMT+2)
Melissa Hillery Chair of the Trustees Date 30/08/2024
4
The Hillery Family Foundation Independent examiner’s report For the period ended 31 August 2023
I report to the trustees on my examination of the accounts of The Hillery Family Foundation for the period ended 31 August 2023, which comprise the Statement of Financial Activities, the Balance Sheet and the notes to the accounts, including a summary of significant accounting policies.
Respective responsibilities of trustees and examiner and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Julie Mutton
Julie Mutton (Aug 30, 2024 08:41 GMT+1)
Name: Julie Mutton Fellow of The Institute of Chartered Accountants in England & Wales Director of CLA Evelyn Partners Limited
Address: 4th Floor Cumberland House 15-17 Cumberland Place Southampton Hampshire SO15 2BG
30/08/2024
5
THE HILLERY FAMILY FOUNDATION Statement of financial activities For the period ended 31 August 2023
| Notes Income Donations Donations in kind Gift Aid Income Total Expenditure Charitable activities 6 Total Net income Total funds carried forward |
Period ended 31 August 2023 £ 99,655 6,900 17,463 |
|---|---|
| 124,018 | |
| 18,043 | |
| 18,043 | |
| 105,975 | |
| 105,975 |
6
THE HILLERY FAMILY FOUNDATION Balance sheet As at 31 August 2023
| Notes Current assets Debtors: Amounts falling due within one year 7 Cash at bank and in hand Creditors: Amounts falling due within one year 8 Net current assets Total net assets The funds of the charity: Unrestricted funds Approved and signed on behalf of the Trustees Melissa Hillery, Chair of Trustees Date of approval: Melissa Hillery (Aug 30, 2024 08:15 GMT+2) 30/08/2024 |
2023 £ 17,463 91,977 |
|---|---|
| 109,440 (3,465) |
|
| 105,975 | |
| 105,975 | |
| 105,975 | |
| 105,975 | |
7
THE HILLERY FAMILY FOUNDATION Notes to the financial statements For the period ended 31 August 2023
1 Status
The Hillery Family Foundation (“the Charity”) is a CIO governed by its constitution dated October 2016. The charity number is 1199083. Its principal address is 122 Home Park Road, London, UK, SW19 7HU.
2 Accounting policies
Basis of preparation
The accounts have been prepared in accordance with The Financial Reporting Standard applicable in the UK and Republic of Ireland (“FRS 102”) including Section 1A, and with the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with FRS 102 (effective 1 January 2019). The financial statements are also prepared in accordance with the Charities Act 2011.
The charity is a public benefit entity as defined by FRS 102.
Fund accounting
The funds held as at the period end are in the form of general funds. The charity has had no restricted income in the period.
Going concern
The trustees are confident that the Charity will continue to be a going concern and the financial statements have been prepared on this basis.
Income
All incoming resources are included in the Statement of Financial Activities when the Charity is legally entitled to the income, when its receipt is probable and when it can be measured with reasonable certainty.
Donations are recognised on receipt.
Donations in kind relate to services provided to the Charity without charge. The value of the services is estimated as being the expenses that the Charity would otherwise have to incur. No value is attrib uted to volunteers’ time.
Expenditure
All expenditure is accounted for on an accruals basis.
Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the Charity becomes a party to the contractual provisions of the instrument.
Trade and other creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Creditors are subsequently measured at amortised cost using the effective interest rate method.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and short-term deposits with an original maturity of three months or less.
8
THE HILLERY FAMILY FOUNDATION Notes to the financial statements (continued) For the period ended 31 August 2023
3 Employee information
The Charity had no employees in the period.
4 Trustees
No trustee was remunerated in the period. No trustee expenses were paid in the period.
5 Taxation
The Charity is exempt from tax on income and gains falling within sections 524 to 536 of the Income Taxes Act 2007 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
6 Charitable activities
| Service provider cost Studio use Food and beverage Other costs Governance costs Accountancy fees Independent examination fees |
Period ended 31 August 2023 £ 5,700 4,900 2,000 1,978 2,205 1,260 |
|---|---|
| 3,465 | |
| 18,043 |
The independent examination fees and the accountancy fees are both payable to Evelyn Partners.
7 Debtors: falling amounts due within one year
| Gift Aid debtor | 2023 £ 17,463 |
|---|---|
| 17,463 |
9
THE HILLERY FAMILY FOUNDATION Notes to the financial statements (continued) For the period ended 31 August 2023
8 Creditors: falling amounts due within one year
| Accruals | 2023 £ 3,465 |
|---|---|
| 3,465 |
9 Related party transactions
Cash donations totalling £51,806.02 were made to the charity by Melissa Hillery and Mark Hillery, who are both trustees. There were no special conditions attached to the donations. They also provided donations in kind valued at £6,900 for studio use and food and beverage costs.
10