## **Trustees’ Annual Report for the period** **From Period start date** 1[st] January 2024 **To Period end date** 31[st] December 2024 **Charity name:** The Hike with Mike Foundation **Charity registration number:** 1203593 ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|For the public benefit to relieve the needs
of people experiencing or affected by poor
mental health by providing funding for
private counselling for those who are in
need of immediate support not available
through the NHS and unable to fund
privately.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|The organising of hikes and events
throughout the year. Whilst the hikes are
free of charge, the events generate
donations in the form of sponsorship.
These funds are in turn used to fund
therapy sessions for those in need of
support and who are otherwise unable to
access in a timely manner via the NHS.
Additional income has been obtained via
supporters of the charity taking part in their
own independent challenges such as
marathons, and via the sale of charity
related merchandise.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|Each trustee is aware of and operates in
line with the guidance offered by the
Charity Commission. This is governed
closely by both internal policies, and the
monthly trustee meetings.| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: ||
SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|Funding is provided to individuals who are
suffering from poor mental health, and
whoare unable to obtain immediate support
via the NHS.
An internal triage process is in place to
ensure adherence to this, and each round
of funding must receive a majority vote| |||from the board of trustees before any
funding is agreed and released.| |---|---|---| |Policy on social investment
including program related
investment|Para 1.38|N/A – all funding is in the form of grants for
individual’s therapy sessions. There is no
wider social investment. Payments are
made directly to the counsellor to mitigate
any risk of fraud.| |Contribution made by
volunteers|Para 1.38|Each trustee donates their time free of
charge to the robust and successful
running of the Charity.
This includes, but is not exclusive to;
The organising and hosting of monthly
hikes, the creation of the content for social
media / the website, administrative duties,
financial reporting, and educational
activities.| |Other||| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The funding of approximately urgent c£37k
of therapy sessions during the period 1st
January – 31stDecember 2024. This aligns
directly to the charitable purpose of
relieving the needs of people experiencing
or affected by poor mental health by
providing funding for private counselling for
those who are in need of immediate
support not available through the NHS.
The hosting of and participating in multiple
fundraising events to raise c£95k during
theperiod.| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|Income exceeded expenditure on a
consistant basis and is tracked through
monthly financial health check reports
which are reviewed by the Board of
Trustees.
See supporting accounts for full details.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|HwM has a reserves policy. The charity
aims to hold reserves equivalent to 6
months of operating costs.| |Amount of reserves held|Para 1.22|Variable but always 6 months of forecast
operating costs based on prior 6 month
period.| |Reasons for holding zero
reserves|Para 1.22|| |Details of fund materially in|Para 1.24|None| |deficit||| |---|---|---| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|No concerns financially.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |
The charity’s principal
sources of funds (including
any fundraising)|
Para 1.47|
Donations received in the form of
sponsorship for those participating in
events throughout the year, supported by
corporate fundraising matching.
Donations obtained by others representing
the charity via their own individual activities
such as marathons.
The sale of charity related merchandise.
The sale is in the form of a recommended
donation but varies.| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|N/A| |A description of the principal
risks facing the charity|Para 1.46|An influx of those needing support which
places financial demands above and
beyond the funds available to support –
mitigated via financial measures and
regular operating margin reviews.
Personal injury or death during a hike or
event hosted by the charity – mitigated
safety briefings, insurance, waivers, and
information packs.
Internal Fraud – mitigated by transparency
in financial reporting, internal governance,
and a majority only decision making
process.
External fraud. Falsely claiming costs for
mental health support. Mitigated by all
counselling costs paid direct to the
counsellor and only using counsellors on
the BACP register (or by exception).| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Trust Deed| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Incorporated| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Application to be a trustee, or
recommendation from existing trustees.
All trustees must go through an interview
process, and are only appointment after a
majority vote from existing trustees.| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: |
Policies and procedures
adopted for the induction
and training of trustees|
Para 1.51|| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|The Hike with Mike Foundation| |---|---| |Other name the charity uses|N/A| |Registered charity number|1203593| |Charity’s principal address|1 SAVILLE ROAD
WOODTHORPE
NOTTINGHAM
NG5 4JF| ||| ## **Names of the charity trustees who manage the charity (covering the period to end 2024)** |1
2
3
4|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Stephen Jennings|Chair||| ||James McCabe|Treasurer||| ||TracyHolmes|Secretary||| ||Liam Perkins||July 2023 appointed
December 2024 when
resigned.|| – Corporate trustees names of the directors at the date the report was approved **Director name n/a** ## Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |**n/a**||| |||| |||| |||| |||| |||| ## **Funds held as custodian trustees on behalf of others** Description of the assets n/a held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Type of**
**adviser**|**Name**
**Address**|**Name**
**Address**| |---|---|---| |**n/a**||| |||| |||| |||| ## **Name of chief executive or names of senior staff members (Optional information)** n/a – run by the trustees ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details **n/a** ## **Other optional information** **n/a** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**||| |---|---|---| |||| ||James McCabe|Stephen Michael Jennings| |||| ||Treasurer / Trustee|Chair of the Trustees| ||29thOctober 2025|| ||29thOctober 2025|| **The Hike with Mike Foundation 1203593 Receipts and payments accounts For the period** 01.01.2024 31.12.2024 **To from** **CC16a** |**Section A Receipts and payments**||||| |---|---|---|---|---| |**A1 Receipts**
Sale of Stock
**721**
Donations
**36,457**
Organised Hike Donations
**47,770**
Other fundraisingactivity
**10,351**
**-**
**-**
**-**
**-**
**95,299**
**-**
**-**
**_Sub total_ -**
**_Total receipts_ 95,299**
**A3 Payments**
HWM Merchandise
**3,041**
Equipment Hire
**1,000**
Fundraising prizes
**442**
CounsellingCosts(sub-contract)
**36,810**
Web hosting
**195**
Stationery
**38**
Miscellaneous
**48**
Advertisingand Promotion
**977**
Staff Entertaining (duringfundraising)
**360**
Legal and Professional Fees
**619**
Subscriptions
**41**
Insurance
**204**
Travel
**30 ##**
**_Sub total_ 43,805**
**-**
**_Sub total_ -**
**_Total payments_ 43,805**
**_Net of receipts/(payments)_ 51,494**
**A5 Transfers between funds**
**-**
**A6 Cash funds last year end**
**-**
**_Cash funds this year end_ 51,494**
**Unrestricted**
**funds**
**to the nearest £**
**_Sub total_**_(Gross income for AR)_
**A2 Asset and investment sales,**
**(see table).**
**A4 Asset and investment**
**purchases, (see table)**|**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Restricted**
**funds**|**to the nearest £**
**Endowment**
**funds**|**Total funds**
**to the nearest £**
**721**
**36,457**
**47,770**
**10,351**
**-**
**-**
**-**
**-**
**95,299**
**-**
**-**
**-**
**95,299**
**3,041**
**1,000**
**442**
**36,810**
**195**
**38**
**48**
**977**
**360**
**619**
**41**
**204**
**30**
**43,805**
**-**
**-**
**-**
**43,805**
**51,494**
**-**
**-**
**51,494**|**Last year**
**to the nearest £**| |||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**721**|**-**| ||||**36,457**|**-**| ||||**47,770**|**-**| ||||**10,351**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**95,299**|**-**| |||||| |||**-**
**-**
**-**|**-**|| ||||**-**|**-**| ||||**-**|**-**| |||||| |||**-**|**95,299**|**-**| |||||| |||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**3,041**|**-**| ||||**1,000**|| ||||**442**|| ||||**36,810**|**-**| ||||**195**|**-**| ||||**38**|**-**| ||||**48**|**-**| ||||**977**|**-**| ||||**360**|**-**| ||||**619**|**-**| ||||**41**|**-**| ||||**204**|| ||||**30**|**-**| ||||**43,805**|**-**| |||||| |||**-**
**-**
**-**|**-**|| ||||**-**|| ||||**-**|**-**| |||||| |||**-**|**43,805**|**-**| |||||| ||**-**|**-**
**-**
**-**
**-**|**51,494**|**-**| ||**-**||**-**|**-**| ||**-**||**-**|**-**| ||**-**||**51,494**|**-**| ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
**B1 Cash funds**
**B2 Other monetary assets**
**B3 Investment assets**
**B5 Liabilities**
**B4 Assets retained for the**
**charity’s own use**
Signed by one or two trustees on
behalf of all the trustees|**Details**
Current Account
Retained profit brought forward
**Details**
**Details**
**Details**
**Details**
Signature
**_Total cash funds_**
(agree balances with receipts and payments
account(s))|**to nearest £**
**to nearest £**
**51,493**
**-**
**21,657**
**-**
**-**
**-**
**73,150**
**-**
Agreement Error
OK
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
Print Name
James McCabe
Mike Jennings
**Unrestricted**
**funds**
**Restricted**
**funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Fund to which**
**asset belongs**
**Fund to which**
**asset belongs**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**|**to nearest £**
**Endowment**
**funds**| |---|---|---|---| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**to nearest £**
**Endowment**
**funds**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| |||James McCabe|| |||Mike Jennings|| ## **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** **Report to the trustees/** Charity Name The Hike With Mike Foundation **members of** **On accounts for the year** 31 December 2024 **Charity no** 1203593 **ended (if any)** 1 & 2 of the Annual Accounts **Set out on pages** (remember to include the page numbers of additional sheets) - I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **31 / 12 / 2024** . - **Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed 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 (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. * _Please delete the words in the brackets if they do not apply._ **Date:** 23/10/2025 **Signed: Name:** Luke Sisson ACA **Relevant professional** ICAEW (ACA) **qualification(s) or body (if any):** **Address:** Unit 2 Sherbrook Enterprise, 100 Sherbrook Road, Daybrook, Nottingham NG5 6AB 1 **October 2018** **IER** ## **Section B Disclosure** Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . N/A 2 **October 2018** **IER**