# **The Mark Henley Charity for Social Justice**
**Annual Report and Financial Statements**
**Year ended: 31 October 2024**
**Charity No: 1205348**
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## **Reference and administrative information**
## **Trustees**
Rebecca Dearden, Chair of Trustees
Mark Henley
Sarah Greenen
Austin Newman
## **Principal Office**
3[rd] Floor, 3 Wellington Place Leeds LS1 4AP
## **Charity Number**
1205348
## **Charity Working Name**
The Charity for Social Justice
## **Bankers**
Natwest Bank **:** 135 Bishopsgate, London EC2M 3UR
## **Solicitors**
Wrigleys Solicitors LLP 3[rd] Floor, 3 Wellington Place Leeds LS1 4AP
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## **Report of the Trustees for the year ended 31 October 2024**
The Trustees present their annual report and financial statements of the charity for the year ended 31 October 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts.
The Trustees confirm that the Annual Report and Financial Statements of the Charity comply with the current statutory requirements, the requirements of the Charities constitution; the Charity Act 2011; and Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), issued in October 2019.
## **Structure, governance and management**
The Charity is a registered charity, number 1205348, and was constituted under the Charities Act 2011 Charitable Incorporated Organisation Foundation Model on 23 October 2023.
The Charity was established in October 2023 by Mark Henley and is principally funded by endowments from the Henley family. It is intended that the endowments generate income to fund the Charities activities.
The Trustees are the first Trustees of the Charity appointed on constitution of the Charity in October 2023.
The Trustees are responsible for the strategy and areas of activity of the Charity, including grant making, reserves and investment policies.
All Trustees give of their time freely and no trustee remuneration or expenses was paid in the year.
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Trustees are required to disclose all relevant interests and withdraw from a decision where a conflict of interest arises.
Details of related party transactions are disclosed in note 2 to the accounts.
## **Objectives and activities for the public benefit**
The objects of the Charity are to advance, for the public benefit, such exclusively charitable purposes (according to the law of England and Wales) as the Trustees in their absolute discretion see fit, in particular, but not exclusively by making grants to other charities, organisations and individuals for:
- the relief of those in need because of youth, age, ill health, disability, financial hardship or other disadvantage;
- the prevention or relief of poverty; and
- the advancement of education.
The Trustees confirm that they have referred to the guidance contained in the Charity Commission general guidance on public benefit when reviewing the Charity’s aims and objectives and in planning future activities and in setting the Charity’s grant making policy.
## **Achievements and Performance**
The Charity is a newly constituted Charity. The Charity’s charitable activities are reliant on income and investment returns from its endowments.
The Trustees’ primary achievements have been focused on ensuring organisation stability through initial investment of endowments and building reserves. Worldwide volatility in investments has led to a cautious approach to returns on investment to mitigate against risks.
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## **Financial Review**
## **a) Reserves Policy**
As a newly constituted Charity, the Charity had no reserves in October 2023.
The reserves as at 31 October 2024 are £2958.52.
The reserves provide immediate financial stability and the means for the development of the Charity’s principal activity. The current reserves are equivalent to 3-4 years current running costs.
Between 2024-2025 and 2027-2028 the Trustees intend to build and then maintain the Charity’s reserves from future income at a level which is at least equivalent to 3 - 5 years projected running costs (£5,000-£10,000) to allow for increased costs associated with expansion of charitable activities; unexpected expenditure; and increases in professional costs,
The Trustees will annually review the amount of reserves that are required to ensure that they are adequate to fulfil the Charity’s obligations.
## **b) Financial Position**
The Charity is endowed. The Trustees have a reasonable expectation that the charity has sufficient resources to manage anticipated outgoings in the next year and therefore consider it appropriate to prepare the financial statements on the going concern basis.
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## **c) Fundraising**
The Henley family are the principal funders of the Charity. The Charity does not actively fundraise from the public. Where donations are received this is on a voluntary basis from individuals and organisations. The Trustees are grateful for all donations made to the Charity.
## **d) Trustees’ responsibilities in relation to the financial statements**
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards.
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which 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. In preparing these financial statements the Trustees are required to:
- Select suitable accounting policies and then apply them consistently
- Observe the methods and principles of the Charities SORP
- Make judgements and estimates that are reasonable and prudent
- State whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity.
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.
The Trustees are responsible for the maintenance and integrity of the Charity and financial information provided.
Approved by the Trustees on 7 August 2025 and signed on their behalf by:
## **R Dearden**
Rebecca Dearden
Chair of Trustees
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## **The Mark Henley Charity for Social Justice**
## **Statement of Financial Activities**
## **(incorporating an Income and Expenditure Account) for the year ended 31 October 2024**
|**Receipts**
I – Donations
I - Bank Interest
I – Grants
**Payments**
E - Registered Office
Services
**Net receipts / (payments)**
Transfer
Balance brought forward
**Balance carried forward**|Notes
Unrestricted
Restricted
Funds
Total
31.10.24
£
Total
31.10.23
£|
|---|---|
||2
1,600.00 80,000.00 81,600.00
-
3
1,898.52
-
1,898.52
-
-
-
-
-|
||**3,498.52 80,000.00 83,498.52**|
||4
540.00
-
540.00-|
||**540.00**
**-**
**540.00**|
||2,958.52 80,000.00 82,958.52
-
-
-
-
-
-
-
-
-|
||**2,958.52 80,000.00 82,958.52**
**-**|
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## **The Mark Henley Charity for Social Justice**
## **Balance Sheet As at 31 October 2024**
**31.10.24 31.10.23** Notes £ £ **Current Assets** Cash at bank and 5 82,958.52 - in hand **Creditors** - **Net Current** 82,958.52 - **Assets Total Assets Less** 6 82,958.52 - **Current Liabilities Net** 82,958.52 - **Assets/Liabilities Funds** Unrestricted Funds 2,958.52 - Restricted Funds 80,000.00 - Total Funds 82,958.52 -
The notes at pages 10-11 form part of these accounts.
The financial statements were approved by the Board of Trustees on 7 August 2025 and were signed on their behalf by:
## **R Dearden**
Rebecca Dearden, Chair of Trustees.
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**Notes to the Accounts**
## **1. Accounting policies**
The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.
The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
## **2. Donations and Related party transactions**
The charity has restricted expendable endowment funds created by gifts from Mark Henley and Rebecca Dearden.
The Trustees are expected to invest the capital to provide future income for the Charity's activities. The income maybe used by the Trustees at their discretion for any purpose in accordance with the Charity's objects. The terms of the endowments allow the capital to be spent if the Trustees so determine.
The Charity also has received unrestricted income from donations, including donations from the Henley family. Unrestricted funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects.
## **3. Investment Income**
||2024|2023|
|---|---|---|
||£|£|
|Interest on cash
deposits|1,898.52|-|
||||
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## **4. Expenses**
## **(a) Investment Management Costs**
There were no investment management costs.
## **(b) Support Costs and Overheads**
The only support cost incurred was a fee to Wrigley’s Solicitors for providing registered office services to the Charity.
The Charity does not employ staff and the Trustees receive no remuneration or expenses.
## **5. Tangible and Fixed Assets**
The Charity does not own any tangible or fixed assets other than cash.
## **6. Liabilities**
The Charity has no current liabilities
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