2024-12-31-accounts - Richard Baines Autohorn Foundation

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The Richard Baines Autohorn Foundation Limited

Report of the Trustees For the year ended 31 December 2024

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006 present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019) (Update Bulletin 2 effective from 1 January 2019).

The Financial Statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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 published on 16 July 2014 (as amended by Update Bulletin 1 published on 2 February 2016).

Objectives and Activities

Objectives and aims

The formal objectives of the company, as set out in the Memorandum of Association.

‘The objects of the CIO are to provide grants to charities and other organisations as deemed to align with the Foundations aims of benefiting disadvantaged individuals and groups within the North Yorkshire area.

Individuals, organisations and charities will be apply to make an application to the Trustees for the provision of a grant for a specific activity, project or purpose. Each application will be reviewed by the Trustees and formally appraised before being allocated.

The trustees confirm that they have referred to the guidance contained in the Charity Commission’s guidance on public benefit when reviewing the association’s aims and objectives.

Contribution

The contribution of each member is limited to £1 in the event of a dissolution of the Company.

Achievement and Performance

The Foundation will be officially launched in 2025 when the first applications will the first input of funds will be made by Autohorn Fleet Services Limited for distribution in line with the grant approval process.

Financial Review

The period ended 31 December 2024 was a non trading year for the Foundation. The official launch will be in 2025 and as such there is no income or expenditure in the year under review.

Principal Risks and Uncertainties

The Trustees do not consider that there are any material uncertainties for the Foundation for the forthcoming year as all partners have committed to supporting the Foundation.

Report of the Trustees Continued

Reserves Policy

The Foundation will aim to retain sufficient capital funds in reserve to permit it to conduct its activities as defined by the Governing Board for a period of two years in the absence of any income over this period. However, the business model is based on a ‘money in - money out’ principles and has very low overheads.

Structure Governance and Management

Governing document

The charity is controlled by its governing document, a deed of trust.

Reference and Administrative Details

Registered Charity number 1205807

Registered office Alfies Barn, Wiggington Road, York, YO32 2RJ

Trustees

Frances Baines Harry Baines Jack Baines George Baines Katherine Miller Steven Miller Lee Underwood

The Richard Baines Autohorn Foundation	The Richard Baines Autohorn Foundation	Charity No	Charity No	1205087	1205087	1205087	1205087

Annualaccountsforthe period
Period start date	01.01.2024	To		Period end date		31.12.2024
Recommended categories by activity Income (Note 3) Income and endowments from: Donations and legacies Other *Total* Expenditure (Notes 4, 5 and 6) Expenditure on: Raising funds Charitable activities Other *Total*
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Net income /(expenditure) before tax for the reporting period

Tax payable

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Total funds carried forward

The Richard Baines Autohorn Foundation	The Richard Baines Autohorn Foundation	Charity No	1205087	1205087	1205087	1205087

Annualaccountsforthe period
Period start date	01.01.2024	To	Period end date		31.12.2024
			Unrestricted funds £
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Signed by one or two trustees/directors on behalf of all the trustees/directors	Print Name	Date of approval
	Lee Underwood	14/11/2025

Section C

Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or

transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by
• and  Charities preparing their accounts in accordance with the Financial with* Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
• and  the Financial Reporting Standard applicable in the United Kingdom and with* Republic of Ireland (FRS 102)
and with the Charities Act 2011.

The charity constitutes a public benefit entity as  defined by FRS 102.*

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support the conclusion that the charity is a going concern;

Disclosure of any uncertainties that make the going concern assumption doubtful; Not applicable

Where accounts are not prepared on a going concern basis, please disclose this fact together with Not applicable the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }.

Yes  No

Please disclose:

(i) the nature of the change in accounting policy; Not applicable (ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; Not applicable and

Notes to the accounts (continued)

(iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to Not applicable periods before those presented, 3.44 FRS102 SORP.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).

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
Yes No
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Please disclose:

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(i) the nature of any changes; Not applicable
(ii) the effect of the change on income and expense or
Not applicable
assets and liabilities for the current period; and
(iii) where practicable, the effect of the change in one or
more future periods.
Not applicable
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1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS102 SORP).

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Yes No
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Please disclose:

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(i) the nature of the prior period error; Not applicable
(ii) for each prior period presented in the accounts, the
amount of the correction for each account line item
affected; and
Not applicable
(iii) the amount of the correction at the beginning of the
earliest prior period presented in the accounts.
Not applicable
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Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the Government grants The charity has received government grants in the reporting period Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Contractual income and performance related grants This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. Note 2 Accounting policies 2.2 INCOME Recognition of income These are included in the Statement of Financial Activities (SoFA) when:  the charity becomes entitled to the resources;  it is more likely than not that the trustees will receive the resources;  the monetary value can be measured with sufficient reliability. In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Section C Notes to the accounts (cont)	Yes No N/a*	Yes No N/a*	Yes No N/a*
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	Yes No N/a ~~Yes~~ No N/a
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The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution.

Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'.

Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable.

Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.

Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.

Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.

Yes No N/a*	Yes No N/a*	Yes No N/a*
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Yes No N/a*

Donated services and facilities

at cost. Stocks and work in progress Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. Investment gains and losses This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 2.3 EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial instruments The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. 2.4 ASSETS Tangible fixed assets for use by charity These are capitalised if they can be used for more than one year, and cost at least They are valued at cost. The depreciation rates and methods used are disclosed in note 14. Intangible fixed assets The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 15.	Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a*	Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a*	Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a*
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They are valued at cost.

Current asset investments

The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity of loss than one year held for investment purposes rather than to meet short-term cash commitments as they fall due.

They are valued at fair value except where they qualify as basic financial instruments.

POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

Section[ C]

(cont)

Notes to the accounts

Income 31/12/2024	Income 31/12/2024	Income 31/12/2024	Income 31/12/2024	Income 31/12/2024	Income 31/12/2024
		Unrestricted Funds	Restricted Funds	Endowment Funds	Total
Donations and gifts		-	-	-	-
Gift Aid		-	-	-	-
Legacies		-	-	-	-
General grants provided by government/other charities		-	-	-	-
Membership subscriptions and sponsorshipswhich are in substance donations		-	-	-	-
Donated goods,facilities and services		-	-	-	-
Other		-	-	-	-
Total		-	-	-	-

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Other		-	-	-	-
Total		-	-	-	-
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Other		-	-	-	-
Total		-	-	-	-

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	Not Applicable

Section[ C]

(cont)

Notes to the accounts

Note 4 Expenditure

Analysis 31/12/20 24 Expenditure on raising funds:	Analysis 31/12/20 24 Expenditure on raising funds:	Analysis 31/12/20 24 Expenditure on raising funds:	Analysis 31/12/20 24 Expenditure on raising funds:	Analysis 31/12/20 24 Expenditure on raising funds:
	Unrestricted Funds	Restricted Fund	Endowment Funds	Total
Support costs (IT, stationary)	-	-	-	-
Other	-	-	-	-

Total expenditure on raising funds	-	-	-	-

Expenditure on charitable activities:

Costs of running projects (see below)	-	-	-	-
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Total expenditure on charitable activities	-	-	-	-
Separate material item of expense
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Total	-	-	-	-
Other
Depreciation	-	-	-	-
Accounting	-	-	-	-
Total other expenditure TOTAL EXPENDITURE	-	-	-	-
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Section[ C]

(cont)

Notes to the accounts

Support Costs

Note 5

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

31/12/2024

Support cost	Raising funds	Activity 1	Grand total	Basis of allocation
	£	£	£	(Describe method)
Other	-	-	-
Total	-	-	-

Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.

Note 6 Details of certain types of expenditure

Note 6.1 Fees for examination of the accounts Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

	31/12/2024
Independent examiners fees	-
Assurance services	-
Tax advisory	-

Note 7 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

31/12/2024:

7.1 Analysis of grants paid (included in cost of charitable activities)

Analysis		Grants to institutions	Grants to individuals	Support costs	Total
Activityorproject		-	-	-	-
*Total*		-	-	-	-

Please enter “Nil” if the charity does not identify and/or allocate support costs.

Section C

(cont)

Notes to the accounts

Note 8 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors Total	Due in less than 1 year	Due in more than 1 year
	31/12/2024	31/12/2024
	£	£
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Note 9 Cash at bank and in hand

Short term cash investments (less than 3 months maturity date) Short term deposits Cash at bank and on hand Other Total	31/12/2024 £
	-
	-
	-
	-
	-

Section C

Notes to the accounts

(cont)

Note 10 Charity funds

10.1Details of material funds held and movements during the reporting period ended 31 December 2024

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.

* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

*funds*
Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
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*Other funds (balancing* *figure)*	N/a	N/a	-	-	-	-	-	-
Total Funds as per balance sheet			-	-	-	-	-	-

Section C

Notes to the accounts (cont)

Note 11 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

11.1 Trustee remuneration and benefits

31/12/2024

None of the trustees have been paid any remuneration or received any other benefits from an TRUE employment with their charity or a related entity (True or False)

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value
Remuneration	Pension contribution	Redundancy (including loss of office)/ex gratia	Other	TOTAL
£	£	£	£	£
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

If a third party has been reimbursed for providing one or more trustees, state the nature of the payment and amount of the reimbursement.

State the number of trustees to whom retirement benefits are accruing under a defined contribution pension scheme.

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

Section C

(cont)

Notes to the accounts

11.2 Transaction(s) with related parties

31/12/2024

31/12/2024	31/12/2024	31/12/2024	31/12/2024	31/12/2024	31/12/2024	31/12/2024	31/12/2024
There have been no related party transactions in the reporting period (True or False) True Name of the trustee or related party Relationship to charity Description of the transaction(s) Amount Balance at period end Provision for bad debts at period end Amounts written off during reporting period £ £ £ £ - - - - - - - - - - - - - - - - *In relation to the transactions above, please provide the* *terms and conditions, including any security and the nature* *of any payment (consideration) to be provided in settlement.*	There have been no related party transactions in the reporting period (True or False) True
	Name of the trustee or related party	Relationship to charity	Description of the transaction(s)	Amount	Balance at period end	Provision for bad debts at period end	Amounts written off during reporting period
				£	£	£	£
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For any related party, please provide details of any guarantees given or received.