Charlty numbor. 1199605 HAYSAC FOUNDATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
HAYSAC FOUNOATION CONTENT8 Page Reference and admlnlstratlve detalls of the charlty, Its Trustee$ and advlsers Tru5tee5' report Independent Examlner's Report to the Tnjstees of the PFaysac Foundatlon statement of financlpl 4rtlvltle$ Balance sheet Notes to the flnJnclJl statements 9-15
HAYSAC FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2026 TruBtses Dr Nell Harburyi Chalr Angela Harburyi Trustee Evangellne Harbury, Trustee Danlel Harbury, Trustee Ch•rfty r•gl•t•r numb•r 1199605 Prfndpal offlce Elsley Court 20-22 Great ntchfleld Street London WIW 88E A¢count•nt• SRLV LLP Chartered Accountants Elsley Court 20-22 Great ntchfleld Street London WIW 8BE Indepandent examlner Robert Sadler and Company Ltd Chartered Accountant5 30B Southgate Chlthester West Sussex P019 IDP Page 1
HAYSAC FOUNDATION TRUSTEES. REpoKr FOR THE YEAR ENDED 31 AUGUST 2026 The Trustees present thelr annual report together wlth the financlal ststements of the Haysac Foundatjon for the I September 2024 to 31 August 2025. The annual report Serves the purposes of both a trustees, report and a dlrector5' report under company law. The Trustees conflmi that the annual report and flnancial statements of the charltable company comply wlth the current statutory requirements, the requlrements of the charftsble company's governlng document and the provlslons of the Statement of Recommended Practlce {SORP) appllcable to thar6ties prepartng thelr accounts In accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republlc of I10ftd (FRS102) (effective l January 2019). ObJectlveB and actlvfties •. Palicieg and objectlves The objectlve of the tharfty Is to provjde donatlons to charlttes and other charitable organlsat5ons. b. Fund ralslng and other pollde The fvndlng for the foundatlon Is enurely from the wovate income and resources of the Harbury family and companles they control, and the foundation does not seek funding from the publlc or from any other bodles. The foundatlon has a pollcy that no Trustee shall recelve any payment except for travel expenses when travelllng speclflcally on the buslness of the foundatlon. The Trustees meet regularfy to conslder declslons on donatlons and ensure the proper governance of the fovndatlon. Achievom¢nts and p•rfornianr• a. Revlew of actlvltles Thls Is the foundatlon's third year of operation in whlch it received donations totalling £25,100 {2024 £40.000) whlch was all recelved as donatlons from the Harbury famlly and companles they control and all funds reIVed were unrestrfLtrd. Thls year was challenglng in temis of maSntainlng the level L)f donatlons. but we are very hopeful of returnlng to pIOUS levels of avallable fijnds In the future. Durfng our thlrd year the Foundatlon has developet1 Its approach to donatlons, and been pleased to engage wth a number of charltles we are supportlng. Wlthln the total donatlons thls year we have been dellghted to contlnue to work closely wlth Ethlopiald which ha5 been runnrng 5ucce55ful projects In the country for over thlrty years. Thelr focus on working through local tharftie5 on the ground has been one of the reasons we have been pleased to support educatlonal and health projects though thelr pro9rammes. We of course noted wlth regret the passlng of thelr founder Slr Aec Reed In December 2025. We have also trled to respond to events, such as the floods in the Czech Republlc g5ven our famSly roots there, and to recognlse the need ftr charitsble support to those wothng with the les5 fortunate around Chrlstmas. In addltlon, we have supported charltles worklng In a wlde range of areas Includlng hosplce Care and mental health support and wlth young people. We wlll contlnue thls work In the comlng year. The Trustees recelve a large volume of emalls and letters from charltles seeklng SUPPert and all of these are glven a response and considered at our meetings. We also look for opportynities to make donatlon5 to causes whlch are of Interest and concern among the Twstees. In all SeS we undertake due dlligence on any potsntlal reclplents of donatlons prlor to maklng declslons and subsequently ask charltle5 to glve us a report back on the way the money has been used. Page 2
HAYSAC FOUNDATION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Aehlevement$ and performance (contlnued) The foundatlon operates through declslon5 of the Trustees to make donatlons In accordance wlth the agreed Grant Maklng Po11cy to charltie5 wh5ch have been Identlfied a5 worklng In areas of Interest to one or more Trustees. Due dlllgence Is undertaken prlor to any donatlons belng made and the Trustees ask reciplents to provlde a report on the actlvltles whlch have been funded, The Foundation ensure5 that relevant declslons are taken In accordance wlth the Charlty Commls51on publlc beneflt guldance. The foundatlon generated a surplus of £239 12024 £70,468 deficit). The surplus wa5 accounted for by deductlng expenditure of £24,973 12024 - 110,863) from donatlons totalllng 25, 100 12024 - £40,000) and bank Interest recelved of £11212024 - £3951. Financlal reviow a. Golng concérn After making approprSate enquirles, the Trustee5 have a reasonable expectation that the charity has adequate resources to contlnue In operational existence for the foreseeable future. For this reason, they contlnue to adopt the golng concern ba515 In preparlng the flnanclal statements. Although the balance sheet showed an Insolvent posltlon as at 3110812025, thls was a temporary posltlon that was reversed by the recelpt of an unrestrlcted donatlon of £25,000 after the year end on 2910912025. b. Reserves poll¢y The Trustees belleve there Is no need to set a mlt)ImLJm level of reserves a5 actlvlty expendlture Is related directly to current leve15 of income. They consider thi5 approach to be sufficient given the nature of the charity. Page 3
HAYSAC FOUNDATION TRUSTees' REPORT IcoKfiNueo) FOR THE YEAR ENDED 31 AUGUST 2025 structu 9ovemance and management a. Constitution Haysac Foundatlon Is a reglstered charbty, nurnber 1199605, and Is constltuted under a ConstUt10n of CharStable Incorporated Organlsatlon. b. Methodg of appolntment or electlon of Trustees Apart from the flrst Foundatlon Trustees, every subsequent TNstee must be appclnted for a term to be decided by a re501ution passed at a property convened meeting of the Foundation Trustees. Page 4
HAYSAC FOUNDATION TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Statement of Trustees, responslbllltles The Tru5tee5 are re5ponsyble for preparing the Trustees, port and the financial statements in accordance with applicable law and United Klngdom Accounting Standards (United Kingdom Generally Accepted Accountlng Practlcel. The law applicable to charities in England & Wales qUIreS the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, Indudlng its income and expenditure, for that perlod. Ln preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consrstently- observe the methods and principles of the Charities SORP (FRS 102); make judgements and accounting estimates that are reasonable and prudent: state whether applicable UK Accounting Standards (FRS 1021 have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless It Is itiappropriate to presume that the charity wi15 continue in bltsiness. The Trustees are responsible for keeping adequate accoLtnting records that are sufficient to show and explain the charity's transactlons and dlsclose with reasonable accuracy at any time the flnantlal p051tlon of the charity and enable them to ensure that the financial statements comply with the Charities Art 2011, the Charity {Accounts and RepDrtsl Regulations 2008 and the provisions of the constitution. They are also responsible for safe9uarcling the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by- Dr Ntil Harbury (Chair of Tnjstees) Date= 28th May 2026 Page 5
HAYSAC FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HAYSAC FOUNDATION FOR THE YEAR ENDED 31 AUGUST 2026 Independent examlneVs report to the trustees of the Hay5ac Foundatlon I report to the charlty trustees on my examlnatlon of the accounts of the Haysac Foundatlon (the Foundatlon) for the ye3r ended 31 August 2025. Responslbllltles ond basls of report As the tharfty trustees yw are responslble for the preparatlon of the accfjunts In accordance wlth the requlrements of the CharlUe5 Act 2011 (*he ACV). I report In respect of my examlnation of the Foundatlon's accounts c3rrfed out under Sertlon 145 of the Act and In carylng out my examlnatlon I have followed all applkable Dlrectlons glven by the Charlty Commlsslon under Sectlon 145{5llb) of the Art. Independent examlnerfs statement I have completed My examlnatlon. I conflrn that no matsrlal mattets have come to my attentlon In connecfion wlth the examlnatlon glvlng me cause to belleve that In any materlal respect: countlng records were not kept In respect of the Foundatlon as requlr¢d by Sertlon 130 of the Act; or the èccounts do nrt accord wlth those records: gr the accounts do not comply wfth the appllcable requlrermnts concernlng the form and content of Jccounts set out In the Charftles (Accounts and Reports) Regulatlons 2008 other than any requlrement that the accounts 9lve a true and falr vlew whlch Is not a matter consldered as part of an Independent examlnatlon. I have no concerns and have come across no other matters In connertlon wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to enable a proper undersrandlng of the accounts to be reached. Mr Robert Allstalr Sadler FCA The Instltute of Chartered Accountants In England and Wales Robert Sadler & Company Ltd Chartered Accountants 308 Southgate Chlchester West Sussex P019 IDP Date: Page 6
HAYSAC FOUNDATION STATEMENT OF FINANCIAL ACTMTres FOR THE YEAR ENDED 31 AUGUST 2026 Unrestrlctad fund8 2025 Total funds 2025 Total funds 2024 Note Income from: Donatlons and legacles Investments 25.100 112 25,100 112 40,000 395 Total Income 25,212 25,212 40.395 Expendlture on: Charltable artlvltles 24.973 24,973 110,863 Total expendlture 24,973 24,973 110,863 Net movement In funds 239 239 {70,468) Recon¢ll1l0 of funds: Total funds brought forward Net movement In funds (1.637) 239 (1,637) 239 68,831 (70,468) Total funds urried forrd (1.398) {1,398) (1,637) The note5 on pages 9 to 15 form part of these flnanclal statements. Page 7
HAYSAC FOUNDATION BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Note Flxed a$sets Current assets Debtors Cash at bank and In hand 72 857 1,228 1,228 929 Curr•nt Ilabllltl•s Credltors.. amounts falllng due wlthln one year (2,626) 12,566) Net current Ilabllltleg (1,398) 11,6371 Total •ss•t• l•ss current Ilab511tle$ { 1,398) 11,6371 Net Ilabllltles excludlng p¢nslon asset { 1,398) 11,6371 Total net •ss•t• {1,398) 11,6371 Charlty funds Restrlcted funds Unrestrlcted funds io ID {1,398) 11,6371 Total funds {1,398) 11,6371 The flnanclal statement5 were approved and authorlsed for Issue by the Trustees and slgned on thelr behalf by.. Dr Nell Harbury (Chalr of Trustees) Date.. 28th May 2026 The notes on pages 9 to IS form part of these flnanclal statements. Page 8
HAYSAC FOUNDATION NOTes TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 General Inforniatlon Haysac Foundatlon Is a Charltable Incorporated Organlsatlon (CIO), wlth charlty reglstratlon number 1199605 for whlch Jurlsdlrtlon Is England and Wales. The reglstered offlce address Is E&ley Court, 20- 22 Great Tltchfleld Street, London, WIW 88E. Accountlng pollcl¢8 2.1 Ba$ls of preparatlon of flnanclal statements The financlal statements have been prepared in accordance wlth the Charltles SORP {FRS 102) Accountlny and Reportlng by Charjtles: Statement of Recommended Practlce appllcable to charltles preparlng thelr accounts In accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republic of Ireland (FRS 102) (effective l January 2019). the Flnanclal Reportlng standard appllcable in the UK and Republlc of Ireland IFRS 102) and the Charitles Att 2011. The financlal statements have been prepared to give a 'true and falr, vlew and have departed from the Charitles (Accounts and Reports) Regulatlons 2008 only to the extent required to provlde a Irue and falr. vlew. Thls departure ha5 Involved followlng the Charltles SORP {FRS 102) publlshed In Ottober 2019 rather than the Accountlng and Reportlng by Charltles: Statement of Recommended Prartlce effectlve from l Aprll 2005 whlch has slncè been wlthdrawn. Haysac Foundatlon meets the deflnltlon of a publlc benefit entKy under FRS 102. Assets and Ilabilltles are Inltlally recognlsed at hlstorlcal cost or transactlon value unless otherwlse stated In the relevant accountlng pollry. 2.2 Golng concorn After maklng approprlate enqulrles, the Trustees have a reasonable expertatlon that the charlty has adequate resources to contlnue In operatlonal exlstence for the foreseeable fijture. For thls reason, they contlnue to adopt the golng concem basis in preparfng the flnanclal statements. Although the balance sheet showed an Insolvent posltlon as at 3110812025, thls was a temporary posltlon that was reversed by the recelpt of an unrestrfcted donatlon of £25.000 after the year end on 2910912025. 2.3 Income All Income Is recognlsed once the charlty has entltlement to the Income, It Is probable that the Income wlll be recelved and the amount of Income recelvable Can be measured rellably. 2A Expendlture Expendlture Is recognlsed once there Is a legal or constructlve obllgatlon to transfer economlc beneflt to a thlrd party, It Is probable that a transfer of economlc benefits wlll be requlred In settlement and the arnount of the obllgatlon can be measured rellably. Expendlture Is classlfled by actlvlty. The costs of each actlvlty are made up of the total of d1ct costs and shared costs, Indudlng support costs Involved In undertaklng each actlvlty. Olrect costs attributable to a 51ngle actlvlty are allocated dlrectly to that attlvlty. Shared costs whlch contrlbute to more than one attivSty and support costs whlch are not attrlbutable to a slngle actlvlty are apportloned between those artlvltles on a basls conslstent with the use of resource5. Central staff costs are allocated on the bas15 of time spent, and depreciation charges allocated on the portion of the asset's use. Expendlture on chartsble actlvltles Is Incurred on dlrectly undertaklng the artlvltles whlth fvrther the charfty's objectives, as well a5 any assoclated support costs. Page 9
HAYSAC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGU8T 1026 Accountlng pollcles (contlnued) 2.5 Interest recelvable Interest on funds held on deposlt Is Included when recelvable and the amount can be measured rellabty by the charty; thls Is normally upon notlflcatlon of the Interest pald or payable by the Instbtutlon wlth whom the funds are deposlted. 2.0 Debtorn Trade and other debtors are recognlsed at the sethement amount after any trade dlscount offered. Prepayments are valued at the amount prepald net of any trade dlscounts due. 2.7 C••h •t bank •nd In h•nd Cash at bank and In hand Indudes cash and short-term hlghly Ilquld Investments wlth a short maturlty of three months or less from the date of acqulsltlon or openln9 of th• deposlt or slrnllar ccount. 2.8 Uabllltl•• •nd provlilon8 LlabllltSes are recognlsed when there Is an obllgatlon at the Balance sheet date as a result of • past event, It Is probable that a transfer of economlc beneflt wlll be requlred In settlement, and the Jrnount of the Settlement can be estlmated rellably. LlJbllltles are recognlsed at the Jmount that the charlty Jntlclpates It wlll pay to settle the debt or the amount It has recelved as advanced payments for the goods or seNlces It must provlde. Provlslons are measured Jt the best estlmate ol the Jmounts requlred to settle the obllgatlon. Where the effect of the tlme value of money Is materlal, the prov151on Is based on the present value of those amounts, dlscounted at the pre-tax dlscount rate that reflects the rlsks speclflc to the Ilablllty. The unwlndlng of the dlscountls recognlsed In the Statement of fln8nclal actlvltles as a flnance C95t. 2.9 Flnanclal In•trumont• The charlty only has flnanclal assets and flnanclal Il¥bllltles of a klnd that quallfy as baslc flnanclal Instnjments. Baslc flnanclal Instruments are Inltlally recognlsed at transactlon value and subsequently measured at thelr settlernent value wbth the exceptlon of bank loans whlch are subsequently measured at amortlsed cost uslng the effertlve Interest method. 2.10 Pund •ccountlnq General fund5 are unrestrlcted funds whlch are avallable for use at the d15cretlon of the Trustees In fiJrtherance of the general objectlves of the charlty and whlch have not been desl9n?ted for other purposes. Investment Income* galns and 105ses are Jllocated to the approprlate fvnd. Page 10
HAYSAC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Income from donatlon8 Unrestrlcted funds 2025 Total funds 2025 Donatlons 25,100 25.100 Unrestrlrted fijnds 2024 Total lunds 2024 Donatlons 40,000 40,000 Bank Intsrest recelvable Vnrestrlcted funds 2025 Total funds 2025 Interest Income 112 112 Unrestrlrted funds 2024 Totsl funds 2024 Interest Income 395 395 Pa98 11
HAYSAC FOUNDATION NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31 AUGUST 2025 Anal1$ of exp•ndlturn on charftable athltl•• Summary by fvnd typ• Unr•strktfjd nds 2025 Totsl 2025 Dlrect costs and support costs 24,973 24.973 Unrestrlcted lunds 2024 Total 2024 Dlrect costs and support Costs 110,863 110,863 An•ly•l• oe •xp•ndltur• by actlvltl•• Actlvltl• undertaken dlr•ctly 2025 Support Total fundi 2025 2025 Dlrert costs ond support costs 13,948 11,024 24,972 Actlvltles undertaken dlrertly Support costs 2024 2024 Totsl funds 2024 Dlrect costs and support costs 99,920 10,943 110.863 Anal1$ of dlrect ¢o•ts Total fuDd$ 2025 Actlvltl•s 2025 Donatlons pald 13.948 13,948 Page 12
HAYSAC FOUNDATION NOTES ro THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2026 Analysls of expendfture by actlvltles (contlnyed) Analysls of dlrect costs (contlnued) Totsl funds 2024 Actlvltles 2024 Donatlons pald 99,920 99.920 Analy•l• of support costs Total funds 1025 Actlvltles 2025 Bank charyes Admlnlstratlve support Governance costs 10,000 1,020 10,000 1,020 11,024 11.024 Total funds 2024 Actlvltles 2024 Bank charges Admlnlstratlve support Prfntlng and statlonery Govemance costs 23 10,000 20 900 23 10.000 20 900 10,943 10,943 Trustees. r•munerotlon and expenses Durlng the year. no Trustees recelved any remuneratlon or other beneflts (2024 - £NIL). Durlng the year ended 31 August 2025. no Tnjstee expenses have been Incurred (2024 - NIL). Debtors 2025 2024 Due wlthln on• yaar Other debtors 72 Page 13
HAYSAC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2026 Crndltors: Amounts falllng due within one year 2025 2024 Accruals 2.626 2.566 10. statement of funds stat¢ment of funds - curr•nt yr Balance at I September 2024 Balance at 31 August 3025 Income Expendlture Unrestrlcted funds Reserves (1,637) 25,212 (24.973) {1,398) ststarn¢nt of fund• - prior year Balance at I September 2023 Balance at 31 August 2024 Income Expendlture Unrestrlrted funda Re$erves 68,831 40,395 1110.863) 11,637) 11. Summary offund8 Summary of funds- currant year Balance at 1 September 2024 Balan¢¢ at 31 August 2025 Incomo Expondlture General funds (1,637) 25,212 {24,973) (1.398) Summary of funds- prlor year Balance at I September 2023 Balance at 31 August 2024 Income Expendlture General funds 68,831 40,395 {110,863) (1,6371 Page 14
HAYSAC FOUNDAnoN NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31 AUGUST 2025 IZ Anatysls of net assets betwmn funds Total funds 2025 funds 2025 Current assets Credltors due wthln one year 1,228 12,626) 1.228 (2,626) Total {1.398) (1.398) AnalW$ of net &ets between funds- prlor y••r Unrestrlrted funds 2024 Total fvnds 2024 Current assets Credltors due wlthln one year 929 (2,566) 929 {2,566) Total (1.637) (1.637) Page 15