THE HALL FAMILY CHARITY Annual Report and Accounts – 30 June 2025 |CONTENTS||| |---|---|---| ||Page|| |Legal and Administration|1|| |Report of the Trustees|2-4|| |Independent Examiner’s Report||5| |Statement of Financial Activities|6|| |Balance Sheet|7|| |Statement of Cash Flows|8|| |Notes to the Accounts|9-10|| ## THE HALL FAMILY CHARITY ## Legal and Administration > CHARITY REGISTRATION NO: 1209307 > CORRESPONDENCE ADDRESS: Chapel Cottage Turville Heath Henley-on-Thames RG9 6JU > TRUSTEES : Peter Hall Tiffany Hall Henry Hall > BANKERS: Cazenove Capital Schroder & Co Limited 1 London Wall Place London EC2Y 5AU > INDEPENDENT EXAMINER: Jason Foxwell FCCA FCIE 12 Hillbourne Road Poole BH17 7JB 1 ## THE HALL FAMILY CHARITY ## TRUSTEES' REPORT The trustees present their annual report and financial statements for the first period ended 30 June 2025. The financial statements comply with 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 102 (FRS102) (effective 1 January 2015). ## STATEMENT OF TRUSTEES’ RESPONSIBILITIES The trustees are required to prepare accounts for each financial period, which reflect the income and expenditure of the charity and of the net income/expenditure for the period. The trustees are responsible for: - keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity; and - safeguarding the assets of the charity and hence for taking reasonable steps for prevention and detection of fraud and other irregularities. ## STRUCTURE, GOVERNANCE AND MANAGEMENT ## Constitution The Hall Family Charity is a Charitable Incorporated Organisation (CIO) which was registered on 26 July 2024. ## Appointment of trustees There must be a minimum of two charities and a maximum of 12. There are currently 3. Trustees are appointed by a resolution passed at a properly convened meeting of the charity trustees. ## Governance and decision making The charity is run entirely by the trustees who meet regularly and also as required to attend to any matters that need urgent attention. ## OBJECTIVES AND ACTIVITIES The charity’s objects are to advance such charitable purposes (according to the law of England and Wales) as the trustees see fit from time to time, in particular but not limited to: 1. The relief of financial hardship among people in Central or South America for the public benefit, in particular but not exclusively by making grants to individuals or organisations 2. The relief of financial hardship among refugees, asylum seekers and migrant workers for the public benefit, in particular but not exclusively by making grants to individuals or organisations 3. The promotion of the care of children suffering from cancer living in England and Scotland for the public benefit, in particular but not exclusively by making grants to individuals or organisations or by providing buildings for respite holidays 4. The promotion of the health of people suffering from sarcoma cancer in England and Scotland for the public benefit, in particular but not exclusively by making grants to individuals or organisations. ## THE HALL FAMILY CHARITY ## TRUSTEES' REPORT (CONTINUED) The trustees have referred to the guidance in the Charity Commission’s publication on public benefit when reviewing the aims and objectives of the charity and in planning future activities. In particular the trustees consider how planned activities will contribute to the aims and objectives they have set. ## REVIEW OF ACTIVITIES AND PLANS FOR FUTURE PERIODS Our charity is focussed on four impact areas: 1. The relief of financial hardship in Central or South America 2. The relief of financial hardship among refugees, asylum seekers and migrant workers 3. The promotion of the care of children suffering from cancer in England and Scotland 4. The promotion of the health of people suffering from sarcoma cancer in England and Scotland In the past year, we have made grants, under the first impact area, of £15,512.38 (USD 20,000) to Cultivando el Futuro in Ecuador (account Cooperativa de Ahorro Credito JEP) in March 2025 and, under the second impact area, of £5,000 to West London Welcome in June 2025. Cultivando el Futuro is an ‘S.A.S. con fin social’ in Ecuador. It currently benefits approximately 700 families in Cuenca and has two part-time employees. The training it organises for its cooperatives is mainly done by universities pro bono. The organisation also receives financial support from the ajuntamiento. It was set up in 2020 by Marisol Penaloza, the vice alcaldesa, who received a grant from a UK/US charity, World Connect, in 2014 to set up a Women’s cooperative in Cuenca. The cooperative became very successful and several other cooperatives were spawned on the back of it, creating a network of women entrepreneurs. Over the three years 2022-24, the Hall Family Donor Advised Fund donated USD 150,000 to fund charitable projects in Ecuador through a UK charity, WorldConnect, where we became the funders for its Ecuador activities. In that period, the Hall family made three grants to Cultivando el Futuro - In 2023, USD 6,000 to build five greenhouses and provide training and seedlings and fertilizer in 5 parishes to support 250 families - In 2023, USD 5,000 to construct a blueberry production business for a women’s cooperative - In 2024, USD 10,000 to set up 10 credit unions in 10 parishes with the aim that each credit union will benefit 50 members. The latest grant request is therefore an extension of the grants we have previously made to Cultivando el Futuro on greenhouses and credit unions where we have already seen success. West London Welcome is a community centre run for and with refugees, migrants and people seeking asylum. They work together with local people to provide a safe, positive experience of community to reduce isolation, build inclusion and confidence, and challenge injustice. Every week they provide community support, English classes, advice, hot food, a foodbank, clothing, childcare, and social and creative activities. They take a holistic approach to support the needs of their members, from the practical and social to the emotional and playful. In 2024, they supported holistically over 500 refugees, migrants and asylum seekers four days per week. Over the two years 2023-24, the Hall Family Donor Advised Fund donated £7,000 to West London Welcome to fund its charitable projects. The latest grant request is therefore an extension of the grants we have previously made. 3 THE HALL FAMILY CHARITY ## TRUSTEES' REPORT (CONTINUED) Previous grants by the Donor Advised Fund, which were not repeated by the Charity this year, were made to Medical Aid to Palestine and Practical Action. As at 30 June 2025, the Hall Family Charity had investments and cash at a value of £893,924, which are managed under a discretionary mandate by Cazenove Capital. We aim to make annual grants of up to £50,000, either within the four impact areas and to other UK registered charities where grants are approved by the Trustees. Approved by the trustees on and signed on their behalf by Peter Hall Trustee 4 ## INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE HALL FAMILY CHARITY I report to the charity trustees on my examination of the accounts of the Hall Family Charity (the “Charity”) for the period ended 30 June 2025. ## **Responsibilities 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 your charity’s accounts as carried out under section 145 of the 2011 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** Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants (ACCA) and Association of Charity Independent Examiners (ACIE), both of which are listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting 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; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities. 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. ## **Mr J P Foxwell FCCA FCIE** independent-examiner.net 12 Hillbourne Road, Poole, BH17 7JB Date: 5 ## THE HALL FAMILY CHARITY Statement of Financial Activities for the period ended 30 June 2025 ||Notes|Total| |---|---|---| |||2025| |||£| |Income||| |Voluntary income – donations||987,184| |Investment income – interest and dividends|2|5,568| |||`─────`| |Total income||992,752| |||`─────`| |Expenditure||| |Charitable activities|3|21,267| |||`─────`| |Total expenditure||21,267| |||`─────`| |Net income/expenditure||971,485| |Unrealised gain/(loss) on investments||(77,561)| |||`──────`| |Net movement in funds||£893,924| |||`──────`| |Funds carried forward at 30 June 2025||£893,924| |||`══════`| The Statement of Financial Activities includes all gains and losses. All income and expenditure derives from continuing activities. The notes on pages 7-8 form part of these financial statements. 6 THE HALL FAMILY CHARITY ## Balance Sheet at 30 June 2025 ||Notes|2025| |---|---|---| |||£| |Fixed assets||| |Fixed asset investments|4|877,767| |Current assets||| |Cash at bank||16,157| |||`──────`| |Net current assets||16,157| |||`──────`| |Net assets||£893,924| |||`══════`| |Represented by:||| |Unrestricted funds||893,924| |Restricted funds||-| |||`──────`| |||£893,924| |||`══════`| Approved by the trustees on and signed on their behalf by Peter Hall Trustee 7 ## THE HALL FAMILY CHARITY |Statement of Cash Flows at 30 June 2025||| |---|---|---| ||Notes|2025| |||£| |Cash used in operating activities|6|965,917| |Cash flows from investing activities||| |Interest and dividend income||5,568| |Purchase of investments||(998,585)| |Sales proceeds of investments||43,257| |||`──────`| |Change in cash and cash equivalents in the year||16,157| |||`──────`| |Cash and cash equivalents carried forward||£16,157| |||`══════`| 8 THE HALL FAMILY CHARITY ## NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 30 JUNE 2025 ## 1. Accounting Policies The principal accounting policies are summarised below. These accounting policies have been applied consistently throughout the year. ## a) Basis of accounting The financial statements have been prepared in accordance with 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 (FRS102) (effective 1 January 2015). ## b) Income All income is included in the Statement of Financial Activities when it is receivable and the amount can be quantified with reasonable accuracy. Donations are stated inclusive of any income tax that may be reclaimable. ## c) Expenditure Expenditure is included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered. Charitable expenditure comprises those costs incurred by the charitable company in the delivery of its activities and services for its beneficiaries. Governance costs, which now form part of charitable expenditure, include those costs associated with meeting the constitutional and statutory requirements of the charitable company and include costs linked to the strategic management of the charitable company. ## 2. Investment income ||2025| |---|---| ||£| |Dividend income|4,478| |Interest received|1,090| ||`─────`| ||£5,568| ||`═════`| ## 3. Charitable expenditure ||2025| |---|---| ||£| |Grants to Cooperativa de Ahorro|15,512| |Grant to Metro West London Welcome|5,000| 9 Management fees 755 `─────` £21,267 `═════` ## THE HALL FAMILY CHARITY NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 30 JUNE 2025 (continued) ## 4. Fixed Asset Investments ||2025| |---|---| ||£| |Purchase of investments|998,585| |Disposal sale proceeds|(43,257)| |Unrealised gain/(loss) on investments|(77,561)| ||`──────`| ||£877,767| ||`══════`| ## 5. Trustees’ remuneration and related party transactions - Neither the trustees, or any person associated with them, received remuneration or expenses of any kind during the period and there are no related party transactions. 6. Reconciliation of net movement in funds to net cash flow from operating activities ||2025| |---|---| ||£| |Net movement in funds|893,924| |Deduct interest income|(5,568)| |Deduct gains/add losses on investments|77,561| ||`──────`| |Net cash used in operating activities|£965,917| ||`══════`| 10