REGISTERED COMPANY NUMBER: 00293710 (England Ind Wales) REGISTERED CHAIUTY NUMBER: 209230 REPORT OF THE TRUSTEES AND FINANCIAL SYATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 FOR HAWTHORNE TRUST LIMITED Sargearrt Partnershlp Limited Charterd Accountants and Ststutory Auditors 5 Whit¢ Oak Square London Road Swanley Kent BR8 7AG
HAWTHORNE TRUST LIMITED CONTENfs OF THE FINANCIAL STATEMENTS FOR THE YEARENDED 30 SEPTEMBER2025 ge Report ofibe Tru¥t•¢• I to 5 Report Oft1 ludwdent Audltors 6 to 9 Stalemut of FIMDdal Aetivltk• Lo BAl*nte She¢t 11 ts 12 Notes to the Flnanthl StAtemeDts 13 to 21
HAWTHORNE TRUST LIMITED (REGISTERED NUMBER.. 00293710) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEFfEMBER 2025 The trustees who are &lso 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 ¢nd¢d 30 Septsmber 2025. The tnleeS have adopted the provisions of Accounling and Reporttng by Charities: Statement of Recommended Practice (SORP) applicable to clwities preparing their accounts in accordance with the Fin&ncial Reporting Stsndard applicable in the UK and Republi¢ of ITeland (FRS 102) (effective l January 2019). ORIECTIVES AND ACTIVITIES Objectives and aims Our mission is to support the ChrI18M kience Nursing ministy. The objects for which the Company is established aTe to provide and mainlain in England a Christian S¢i¢nce House being a nursing home 0rated in accordance with the pwtice and principles of th¢ tM)dy known &8 the Church of Christ. Scientist and to operate a Visiting Christi4n Science Nurse Setvice (VCNS). The activsty in these areas ceased as from 10th May 2023. The Board consider that the reinststement of a Christian Science House is not possible due to lack of resource5. A sister tn1 Whitehaven Trust Limited has undertaken to operate a chrilan Science Visiting Nurse Service and the B(wd sees an opwrtunity in supportin8 this activity in the London and South East area. Publle bellelit The Trustees have had regard to the Charity Commission's guidance on public benefiL and we have abided ty the underlying premise thal none shall be denied the care they need because they cannot meet the cost. This guidance will underpin the planned activity of ihe Hawthorne Trust as we move fonv4rd, ACHIEVF.MENTS AND PERFORMANCE Charltable ¢tivi¢i With the Closure of Charton Manor the Board h&1 focused its charitable activities in assisting the activity of the provision of Christian Science Nursing care in people's home5. The following services are provided: - Ordering of nursin8 supplies on behalf of Visiting Christian Science Nursin8 Seryices and individuals - Lending nursin8 equiprnent The Board a]so recognises the importance of the training and development of Christian Science nurses to meet urrent and future demand for Christian Science nursing 5¢rvi¢es. The Board also allows Charton Manor Nurses Training Centre to be used to train Christian Science nurses. Hawthorne Tr51 Limited sUMed responsibility for the athninistration of the Brenda Woodcock Memorial Fund (B WMF) following the closure of the Beechfield Ttusl on 30 December 2014. The fund originates from a bequest made hy Brenda Woodck, inlended to support Chri5ti8n Scientists in need of residential Care within Ihe Uniied Kingdom. The fund is maintained as a restricted fijnd for this pu05¢. FJi¥ANCIAL REVIEW FlnDeial posltloD Total donations received were £67,043, Total investh)ent income for the year w&s £148.577. Totsi legacies r¢c¢iv¢d w¢r¢ £58,129. Including realised and unrealised gains on inveslments of £224,190. net income for the year was £78.047. Page I
HAWTHORNE TRUST LIMITED (REGISTERED NUMBER: 00293710) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025 FINANCJAL REVIEW RerveS pollcy From an accounting standpotn( and in the context of the Company? 'R¢s¢S, m¢ans the tothl value of assets l¢ss the total value of liab£lities. Total value of assets ¢omprise5: l) T8ngible fixed &8sets (land. buildings. motor vehicle4 equipment) 2) Investments (inv¢sthients managed by Rathbone Inveslrnenl Management (forn)erly Investec Wealth & Investment Ltd) and Atomos Investments Limited) 3) D¢btors (mainly reimbursement for nursin8 supplies ordered) 4) C85h at Bank and in hand. Totsl value of liabilities comprises amounl owed io creditors (amounts owin8 to traders ond businesses. and to HM Rcv¢nue and Customs for stsff PAYE and National Jnsurance contributions). Totsl Reserves as of Swtember 30, 2025, were £7,037,9111£6.959.865 in 2024). which may also be considered as fijnds. The value of the tangible fixed assets hAs decreased to £1,536.238 (2024: £1.611,921). These consist primarily of the buildings and are considered 'fixed' in the sense that they could not be sold readily to gener¢ cash without underniining the ongoing work of the Compony. The Board obtained a professionai valuation ot. the property in January 2024. which was vaiu¢d at £2,450,000. Investments are assets that could bc easily turned inlo Cash (also Teferred to as 'liquid assets,). The value of thes¢ as of September 30, 2025 w&5 £5.248.171 and they provide a filwicial contribution lo Hamthorne Trust's income each year. The investment income represented £148.577 MeIng approximalely 340/0 of Hawthorne TNst' exp¢ndilure. Investment income will vary with level of reserves and rnket condilions, but over the last 10 years has produced a valuable income in excess of £1,000,000 tor the Company. It is the policy of the Company to add to or draw on these invesiments as operatin8 conditions of the Hawthome Trust demand. In 2025, totsl reserves increased by £78,046 (2024.. decreased by £l17.909}. The Balanc¢ Sheet 8nd Notes to ihe Accoun19 give further inforniaiion on creditors, debtors and cash in hand. The funds are explained in Notes 18 and 19 to these accounts. Of the iotal of £7,037,911. £586,231 is held in the VCSNS Fund (restricted fvnds for this activity). The remainder is available for the other activities of the Company, some through restricted funds. FUTURE PLANS The Board are CUTr¢ntly exatninin8 alternative ways forward iti line with Charity Commi&5i(m and Company r4uir¢ments. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing documtDt The charity is controlled by its governing d(KumenL a d¢ed of and constitutes a limit¢d companyb limited ty guardnte4 as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 00293710 (England and Wales) Page 2
HAWTHORNE TRUST LIMITED (REGISTERED NUMBER: 00293710) REPORT OF THE TRUSTEES FOR THE TrTAR ENDED 30 SUryEMBER 2025 Regbtsred Cbarlty Dumber 209230 Registered office Charton Manor Gorse Hill K¢nt DA4 OJT Trustttj G H Ekins A M Holland Ms G A Smith (resied 211212026) R J C Soutsr (appointed 201412026) Mrs M Chaplin (retired 15 Febnmry 2025) Comp4lly Secretry R J Mendis Audltors SArgeant Parthership Limited ChArtered A¢counranis And Statutory Auditors 5 White Oak Square London Road Swanley Keni BR8 7AG Soll¢ltor8 Sione King Boundary House 91 Charterhouse Street London ECIM 6HR Investmettt MnAgers Rathbone Investment Management 30 Cjrcsham Street London EC2V 7QN Atomos Investments Limited 16 South Park Sev¢noaks Keni TN13 IAN Page 3
HAwfHORNE TRUST LIMITED (REGISTERED NUMBER: 00293710) REPORT OF TRE TRUSTEES FOR THE YEAR EI¥DED 30 SEPTEMBER2025 REFERENCE AND ADMINISTIL4TtVE DETAILS Bankers Lloyds Bank Pl¢ 130 The Broadway Bexleyheath Kent DA6 7DP Insurance Brokers Aldium In$wance Viscount House High Street Neston WiTra] CH04 9AD STATEMENT OF TRUSTEES, RESPONSIBILITIES The tSteeS (who are also the directors of Hawthorne Tn]st Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial ststements in accordance with applicable law and Unit¢d Kingdom Accounting Standards (United Kingdom fj¢nernlly Accepted Accounting Practice). Company law Tequires the trustees to prepare financial stalements for each financial year. Under that law, the Irusiees have elected io prepare ihe financial statements in accordance with United Kingdom Genernlly Accepted Accounting Practice (United Kin8dom Accounting Stsndards and applicable law). Und¢r company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fwr view of the srate of affairs of the ¢harilable company and of the incoming resources and appli¢ation of resources, including the income and expenditure, of th¢ charitable company for that period. In preparing those financial stalemenls, the trustees are required to select suitable accounting policies and then apply them consistently: observe the methods and principles in the Chariti¢s SORP. make judgements and estimates that ar¢ reasonable and pruden(, prepAre the financial statements on the going concern basis unless it is inappropriAte to presume that the charitable company will continue in busines5. The trustees are responsible for keeping proper accounting records which dÉsclose with reasonable accuracy at any time the financial posilion of the charitable company and to enable them to ensure ihat the financia] statements comply with the Companies Act 2006. They are also responsible for safeguarding the Assets of the charitsble company &nd hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities. In so far as the InletS are aware: there is no relevant audit inforn]ation of which the charitable companS auditor5 are unaware; and the trStse$ have taken ail steps that they ought to have taken to make themselves &ware of any relevant audit inforn]alion and to establish that the auditors are aware of that infomlation. Page 4
HAwfHORNE TRUST LIMITED {REGISTERED NUMBER: 00293710) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025 AUDITORS The Auditors. Sargeant Partnership Limite4 will be proposed for re-appointment at the forthwmirLg Annual General Meeting. Approved by order of the board of tllL%tees on 16 May 2026 and signed on its behalf by: H Ekins - Trstee Page 5
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF HAwfHORNE TRUST LIMITED OplDIo We have audited the financia] statements of HaMthorn¢ Tnt Limited (the 'charitsble company,) for the year ended 30 September 2025 which compris¢ the Stst¢m¢nt of Financial Athiviti¢& the Balance Sheet and ne5 to the fllwKiAI statement4 including a summory of significant accounting policies. The financial reportin8 frnmework that h&s been applied in their preparation is applicable law and United Kingdom Acwwiting Standards (Unit¢d Kingdom Generally Accepted Accounting Prnctice). In our opinion the f]n8ncial 5taiements: give a tru¢ and fair view of the state of the charitable company's affairs as at 30 September 2025 and of its incoming resources and application of resources, including its income and expenditure. for the year then ¢nded' have been properly prepared in Accordan with Uniied Kingdom Generally Accepled AoUntIng Practice. have been Prepared in accordance with the requirements of the C(Nnpanie5 Act 2006. B481$ for oplnlon We Conducted our audit in accordance with International Stdards OD Auditing (UK) (ISAS (UK)) and applicabl¢ law. Our r¢sponsibililies under those standards ar¢ further described sn the Audi10rs' responsibilities for the audit of the financial statements section of our repcrt. We are irfftdependent of the charitsble Company in accordance with the ethi[ requirements that are relevant to our audit of the financial STrlements in the UK, including the FRC'S Ethical Standard. and we have lfilled our other ethi¢ai responsibilities in accordance with ihe5¢ r¢quirernent$. We believe thai the audit evidence w¢ have obtained is sufficient and appropriate io Provide a b&sis for our opinion. Con¢lu$lon8 relAtIDg to 8olng cootern In auditing the financial ststements, we have Conclud that the trustees, use of the going Coern basis of accounting in ihe preparation of the financial statements is appropriate. Based on the work we have p¢rfomied we have not identified 8ny mat¢rial unGcrtwnties rel&ting to ¢vents or conditions thal. individually or collectivcly, may Cast signifi¢anl doubi on ihe ¢haritsbl¢ company's ability to continue as a going concern for & period of a( lea51 twelve months from when the financial 5tatem¢nts are auihorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Othtr Inform*tlon The truslees are responsible for the other inforn]ation. The other irtforn)81ion comprises the inforniation included in the Annud Reporl other than the financial 3tat¢m¢nts and our Report of the Independent Auditors thereon. Our opinion on the financial ststements does not cover the other infomiation and. except to the extent otherwise explicitly stated in our repo¢ w¢ do not expr¢ss any forni of assurance conclusion thereon. In connection with ow audit of the financial statements, our responsibility is to read ihe other information and. in doing so. consider whether the other inforntIon is materially inconsistent with th¢ financial statements or our knowledge obtsined in the audit or othenvi5e appears to be materir¢lly misstsled.. If we identify su¢h materia inconsistencies or apparent rnateriai misstatements, we are required to detern]ine whether this gives rise to a aterial misstatelljenl in the financial statements themselves. If, based on the work we have performed, we conclude thAt there is a material misst2tem¢nt of this other Informatio we are required to rewrt that fact. We have nothing to rerA)rt in this regar Page 6
REPORT OF THE INDEPENDEwf AUDITORS TO THE TRUSTEES OF HAwfHORNE TRUST LIMITED Mtters on whlch we re required to report by exception We have nothing to rert in respeth of the following matters wbere the Charities (Accounts and Reports) Regulatiorts 2008 requires us to rewrt to you if. in our opinion.. the inforniation given in th¢ Report of the Trustees is inconsistent in any material respect with the financial slatements. or the charitsble company not kept adequate accowitin8 records. or the fllwjcial slatements are not in agreement with the accounting records and returns. or we have not receivcd all the infonnation and explanations we rwuire for our audit. Responsibllltles of truste As explained more fully in the Staiement of Trustees, Responsibilities, ihe trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satlsfied that they give a tn and fair view. and for such internal control as the trustees d¢M)ine is necessary to enabl¢ the preparation of financial ststem¢nts that ar¢ fr¢¢ from mat¢riai misstat¢ment whether due to fraud or error, In prepating the financial ststements, th¢ tnjsttts are resFM)nsiblc for assessing the charitable company's ability to continue as a Boing concern. disclosing* as applicable. rnatters related io goin8 Concern and using the going concern basis of accounting unles5 the trustees eiiher intend to liquidate the charitable company or io ce&8e operntions, or have no rea]isti¢ alternative but to do so. Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF HAWTHORNE TRUST LIMITED Our respoD8lbilities for the #udil of the fiDanclal statsmellts We have been appointed as audÉtors under S¢thion 144 of the Charities A¢t 2011 and report in accordan¢¢ with the Act and relevant regulations made or having effect thereuTMler. Our objectives are to obtain re&sonabl¢ assurance abo whether the ffft8ncial statements as a whole are frce from material misststemenL whether due to fraud or error, aThd to issue a Report of the Independent Auditors that includes OUT Opinio Reasonable SuranCe is a high level of assurdnce. but 1$ not a guarantee that an audit conducted An cOrdanCe with LSAS (UK) will always detect a material misstatement when it exists. Missiatements can arise from fraud or error and are considered material if. individuaily or in the aggregate. they could reasonably be expected to infiuence the economic decisions of users taken on ihe basis of these fjnancial ststements. The exteni to which our procedures are capable of detecting iryegulgrities. including fraud is detsiled below: Eipl4nadon AS to wbal extent the audll was wn8ldered CApable of deteedng IrreKul•rltles IncludlD% fraud The objectives of our audit are to identify and assess the risks of maieriai mi55tstement of the financial Strlternents due io fraud or error. lo obtain sufficient appropriate audit evidence r¢garding the assessed risks of material missthiemetit due to fraud or error. and to respond appropriately to ihose risks. Owing to the inherent limitaiions of an audii. Ihere 15 an unavoidable risk that material misstatements in the financial st8temertis may not be detected. even though the audit is properly planned and perfonned in accordance with the ISA'S {UK). En identifying and assessing risks of material rnisststement in respect of irre8ularities including, fraud and non- compliance with laws llnd regulations. our procedures incILed ihe followin8: We obtsined an understanding of the le881 and regulalory frameworks applicable lo the company and the sector in which they operate. We deterniined that the following laws and regulations were most significant.. the Companies Act 2006, the UK CoTPOrnte Govemance Code and UK corporate taxation laws. -we obthined an understsndin8 of how ihe Ci)mpany is complying with those leg818nd reBulatory frameworks by making inquiries io the management and direciors. We corrob)rated our inquiries through our review of board minutes and papers provided to the audit engaBem¢nl team. -we assessed the susceptibility of the Company's financi ststements to material misststemenL includin8 how fraud inight occur. Audit procedures perfomied by the audit engagement team included: ) Ideniifying and assessing the design effectiveness of controls management has put in place to prevent aTrJ b) Understsnding how Ihox charged with govem8mce Considered and addressed th¢ potential for override of controls or other inappropriat¢ infiuence over the financial rep)rting process. c) Challenging &S5umptions and judg¢ments made by management in its Si8nificant accowiting eslimates: d) Identifying and testing journal entrie4 in particujar any journal entries p)Sd with unusual account cornbinations- &nd e) As5es5ing the extent of compliance with the relevant laws and regulations. Page 8
REPORT OF THE INDEPENDENT AUDrroRS TO THE TRUSTEES OF HAWTHORNE TRUST LIMITED A further description of our reSnsibIlitieS for the audit of the financial slatements is located on the Financjal Reporting Council's website at www.frc.0r8.uklauditot3resF1bllitiCs. This description fornis Pmrt of our Report of th¢ Ind¢Fend¢nt Auditors. Us¢ of our report This report is made solely to the charitable company's trustees, &8 a Ixjdy? in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit WOTk been Underten so that we might State to the charitable company's tnLStees those matters we are requiTed to stats to them in an auditors, reFK)rt and for no other purpose. To the fu11¢5t extent perniitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit worL for this reporL or for the opinions we hHve fornied. Sarg¢ant Parthership Limited Chartered Accountants and Ststutory Auditors Eligible to act L8 an audiior in i¢rms of Section 1212 of th¢ Compgni¢s Arf 21K)6 5 White Oak sqUe London Road Swanley Kent BR8 7AG 29 June 2026 Page 9
HAWTHORIYE TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEARENDED 30 SEPTEMBER 2025 2025 Total 2024 Tolai funds UDr¢strict¢d R¢stricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 125,152 20 125,172 186,071 Cb#rltble aethTiti Charitable Activities 11,435 11,435 15.368 Inveslment incom¢ Total 118,042 254.629 30,535 30.555 148.577 285,184 141 21 342,660 EXPF.NDITURE ON Raising funds 23.344 7.312 30,656 30.946 Chrhable 2etlvltl¢B Ch&ritable Activilies Support Costs Total 142.040 258,631 424 015 142,041 258,631 431328 689.945 232.685 953.576 13 gains on inv¢slments 176776 493 007 NET INCOMEI(EXPENDITURE) TranJferJ between fund8 Net movement In fynds 7,390 70,656 78,046 (117,909) 12 9,190 68.856 78.046 {117.9} RECONCILIATION OF FUNDS Totsl fijnds brought forward 6,150,069 809,796 6,959,865 7,077.774 TOTAL FUNDS CARRIED FORWARD 6 159259 878 652 7037911 6 959 865 Th¢ notes form part of th¢s¢ fllwncial ststements Page 10
HAwfHORNE TRUST LIMITED (REGISTERED NUMBER: 00293710) BALANCE SHEET 30 SEPTEMBER 2025 2025 Totsl 2024 Total fidS uteStTlcted RestrACted fund funds Notes FIXED ASSETS T8ngible &85ets Investm¢nts 1,536,238 4,392247 5.928.485 1,536238 5,248.171 784,409 1.611,921 4,623.254 6,235,175 855.924 855.924 CURRENT ASSETS Debtor8 Cash at b8nk and in hand 10 17,134 227,106 244.240 423 17.557 253 166 270,723 40.311 713650 753,961 26.483 CREDITORS Amounts falling due within one year (13.466) (3.755) (17.221) (29,271) NET CURRENT ASSETS 230 774 253 502 724 690 TOTAL ASSETS LESS CURRENT LL4BILITIES 6,159,259 878,652 7.037.911 6.959,865 NET ASSETS FUNDS Unre5tti¢ted funds Restrtcted ndS TOTAL FUNDS 6 159 259 878 652 7037911 6 959 865 12 6,159,259 878,652 7037911 6,150.069 809,796 6 959.865 The charitable company is entitled to exemptiim frnrn audit under Section 477 of the Companies Act 20(16 for the year ended 30 September 2025. The members have not deposit¢d notice. pursuant to Section 476 of the Companies Act 2006 r¢quirinB an audit of these financial statements. The notes fornL part of thes¢ fu]C1a1 statements Page 11 continued...
HAWTHORNE TRUST LIMITED {REGISTERED NUMBER: 00293710) BALANCE SHEET - ¢ontlDued 30 SEPTEMBER 2025 The trustees acknowledge their responsibilities for (a) ensuring that the charitable Company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and prepaTing financial statem¢nts which give a true and fair view of the state of affairs of the chaiithble ¢ompany as al the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sectio$ 394 and 395 and which otherw2se comply with the requirements of the Companies Act 2006 relating lo financial statements. so far as appli¢able to the charitable company. (b) These financial stalemcnts have been audited under the requirements of Section 145 of the Charities Act 2011. These financial ststemenls have been prepAred in accordance with the prgvision5 applicable to ¢haritsbl¢ companies subject to th¢ small companies regime. The financial statements were approved by th¢ Board of TnleeS and authorised for issue on 16 May 2026 and were signed on its behalf by: Ekins- Trttee A M Holland- Thtee The notes forni part of these financial statements Page 12
HAwfHORNE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 ACCOUNTING POLICIES Basis of prep•ring the flnaneil statements The ftnan¢ial statements of the charitable companyj which is a public benefit entity under FRS 102. have been prepared in ac¢ord3nce with the Charities SORP IFRS 102) 'Accounling aTMI Rep)rting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicablc in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Rewrting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the htstorica] cost Conventio with the exception of investsnents which are Included ot market value, as modified by the revaluation of certain 855ets. 1coMe All income is recognised ITh the Statement of Financial Aciivilies once the charity ha5 entitlement to ihe fund4 it is probable that the income will be received and the amount can be mwured reliably. Eipendl¢ure Liabilities are recogrtised as pendIture as soon as there is a legal or constTuctive obligation commi¢tin8 the ¢harity io that expenditu, it is probable thal a transfer of economic benefits will be required in seulement and the arnount of the obli8ation can be me&8ured reliably. Expenditure is accounted for on an accruals basis and has been cl&ssifi¢d under headings Ihal aggregate all st related to the cate80ry. Where costs cannot be directly attributed to particular he4din8s they have been allo¢al¢d to activities on a basis consisient with the use of resources. T#nglble flxed assets Depreciation is provided at the following annua] rnles in order lo wrile off ¢4¢h &8sel over it5 estimat¢d use1 life. Freehold propety Equipmeni Fixths and Fittin85 Molor vehicles 20/0 per annum on cost IOOh per annum on cost IO/D per annum on cost per annum on cost Txotlo The charity is exempl from COTporalion lax on its charitsble activilies. Fund A¢eountlttg Unrestricted fiJtMls wi be used in accordance with the charitable objectives at the discretion of the trUstS. Restricted funds on]y be used for particular StriCted purposes within th¢ objects of the chartty. Restricliork8 arise when specified by the donor or when fill]ds are raised for particular restticted PUTposes. Further explanation of ihe nature and purpose of each fund is included in the notes to the financial statements. Penslon costs and other post-retlrement bemeflts The charitable company opetxtss a defined contribution pension scheme. Contributions payable io ihe charitable company's pension scheme are charged to the Ststement of Financial Activities in the period to which they relatc. Page 13 continued...
HAWTHORNE TRUST LIMITED NOTES TO THE FINANCIAL STATFMENTS - Continued FOR THE YEAR ENDED 30 SEPTEMBER 2025 INVESTMENT INCOME 2025 2024 Invcslment Income 148.577 141.221 RAISING FUNDS Illveltmenl mall*gemtDt tts 2025 2024 Investment MaTwent Fees 30.946 NET INCOMEIIEXPENDITURE) Net incomel(exp¢nditure) is stated after ch8rginW(creditinB): 2025 2024 Auditors, Remuneralion Deprecialion- owned assels Depreci8tion- reststing usefvl life of buildings improvements {Deficit)ISwplus on disposal of fixed assets 16,480 68,378 4,000 76,448 460,514 TRUSTEES, REMUNERATION AND BENEFITS There were no tru5tees' rcmuneration or other benefits for the year ended 30 September 2025 nor for the year ended 30 September 2024. Trustoa, expenJeJ 2025 2024 Tnjstees, expenses 3.830 Page 14 continued...
HAwfHORNE TRUST LIMED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025 STAFF COSTS The average monthly number of employees durin8 the year WLS 0$ follows: 2025 2024 Charitabl¢ a¢tiviti¢5 No employ¢es received emoluments in excess of £60,(M)O. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds Total funds INCOME AND EI¥DOWMENTS FROM Donations and legacies 186,051 20 186.071 Charltable 8Ctlvlties Charitable Activities 15,368 15,368 Investment income Totsl 116307 317726 141,221 342,660 EXPENDITURE ON Raising fid5 22.454 8,492 30,946 Ch*rltable ac¢lvltles Ch8ritsbl¢ Activities SLtpport Costs Total 691,506 232 751 946711 (1.561) 689.945 232 685 953 576 8ains on investmenls 423431 493 007 NET INCOMEI(EXPENDITURE) TrxD5fers between Nrf movement In fund$ (205,554) 87.645 10,787 76,858 (117,909) (194.767) (117.909) RECONCILIATION OF FUNDS Total funds brought forward 6,344.836 732,938 7,077,774 TOTAL FUNDS CARRIED FORWARD 6 150069 6 959 865 Page 15 continued...
HAWTHORNE TRUST LIMrrED NOTES TO THE F]ThANC STATEMEI¥TS . continued FOR THE YEAR ENDED 30 SEPTEMBER 2025 TANGIBLE FIXED ASSETS Fixtures Freehold property EquipmeDt Motor vehicles Fittings Tolals COST At l Octot*r 2024 Disposals AI 30 September 2025 DEPRECIATIOIY At l October 2024 Charge for year Eliminaied on diswsal At 30 swember 2025 NET BOOK VALUE At 30 September 2025 At 30 September 2024 3258,687 222.406 84,337 2.761 15.649 3,581.079 3,258.687 217 862 15.649 3.573.774 1,743.096 57,174 155.694 12,547 4.471 163.770 67.238 2,759 3.130 3.130 1,969.158 75.610 7.232 2,037.536 1.8tKJ.270 67.236 6.260 1458.417 1.515,591 54,092 66,712 14.340 9,389 12.519 1.536.238 1611921 Page 16 continued...
HAWTHORNE TRUST LIMITED NOTES TO THE FtNANCIAL STATEMENTS - continued FOR THE YEAR EiWED 30 SEPTEMBER2025 FIXED ASSET INVESTMENrs Governrnent & Fixed Intrrest F4uities Unit Trust MARKET VALUE At l O¢tokr 2024 Addilions DiswSS Ch Movements Re81ised GainslLosses on Disposal Unrealised Gain&lLosses on Disposal At 30 Septen)ber 2025 NET BOOK VALUE 82,883 1,715 .936.334 63.994 (295,200) 767.448 417,782 1,719,872 572.045 (345.664) 26.027 17,804 13.016 66.409 1789 341 116689 2 075 958 110625 77 At 30 September 2025 At 30 September 2024 110,625 82,883 1,789,341 1.936,334 1.188,377 767,448 2,075,958 1,719,872 ExchMn8e Traded Funds Total MARKET VALUE At l October 2024 Additions Disposa15 Cash Movemenls Realised GaInLosseS on Disposal Unrealised GaitLs/Losses on DisrM)sal AI 30 September 2025 I¥ET BOOK VALUE 116,715 4,623,253 21,392 1.076.927 (61,051) (701.915) 26.027 33.065 2,244 190 815 5 248 171 At 30 SeptemEKr 2025 At 30 September 2024 83,869 116.715 5.248.171 4 623.253 There were no investment assets outside of the UK. Page 17 continued...
HAwfHORNE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - ¢ontiDued FOR THE YEAR ENDED 30 SEPTEMBER 2025 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Tr&de debto Other debtors Prep&ym¢yts and and income (45) 11.663 28.693 &096 11. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2025 2024 Trade creditor5 Social secwity and other t&xes Other ctEditors Accruals and deferred income 480 2,002 2,103 12.636 364 2.405 2,814 23.688 12. MOVEMENT IN FUNDS Net movcm¢nt in funds Transfers between ftmds At 1110124 At 3019125 UDr¢$lrkted funds Gen¢ral fi]nd 6,150.069 7,390 1.800 6,159.259 Rutrlettd funds VCSNS Fund Brenda W(yodcock Memorial Fund Christian Science Nurses Fund Charton Manor StatTFund 544.887 264.251 900 302 809,796 6 959.865 41.344 29,312 (1,300) {500) 584.931 293.063 960 70,656 78,046 1,800 878 652 7.037.911 TOTAL FUNDS Page 18 continued...
HAwfHORNE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENfs - eontinued FOR THE YEAR EIYDED 30 SEPTEMBER 2025 11 MOVEMENT IN FUNDS- eoDilnued N¢t movement in fimd4 included in thc aknve are as follows: Incoming Resources Gains and Movement resources expended losses in fimds UDrestrlcted ndS General fijnd 254.629 (424.015) 176,776 7,390 Restrltted fuDds VCSNS Fund Brenda WIxKlcrKk Memorial Fund 23.730 (5,092) 22,706 41.344 30.555 285,184 7.313) 431328 47,414 224 190 70.656 TOTAL FUNDS Comp*ratlves for movemeDt In funds Net movcment in funds Transfers between fimds At 1110123 At 3019124 Unrestrlcted funds General fund 6.344.836 (205.554) 10,787 6.150,069 Restrlcted funds VCSNS Fund Brenda WOodck Memorial Fund Christian Science Nurses FwLd Charton Manor Staff Fund 474.446 256.992 1.500 53,31y) 33,087 960 302 17,141 (26,428) (1,500) 544.887 264.251 960 302 809,796 6 959 865 732 938 7 077 774 TOTAL FUNDS Page 19 continued..
HAWTHORNE TRUST LIED NOTES TO THE FII44ANCIAL STATEMEINTS - ¢ontinu¢d FOR THE YEAR EM)ED 30 sEPTE1BER 2025 12. MOVEMENT IN FUI¥DS- eontlnued Comparative net movement in funds, included in the above are follows: Incoming Resources Gains and Movement resources expended losses in funds Unrestrleted fvnds General fund 317.726 (946.711) 423,431 (205,554) ReJtrlcted funds VCSNS Fund Brenda wdcock Memorial Fund Christian Sci¢n¢¢ Nurses Fund Charton Manor Staff Fund 22,887 2.047 (9.025) 1,502 960 302 6,865) 953 576 39,438 30.138 53,300 33.687 960 302 87,645 117909 24.934 342 660 69,576 TOTAL FUNDS A cuffent ye4r 12 months and prior year 12 months ¢ombin¢d position is as follows: Net Transfers mov¢m¢nt between in funds funds At 1110123 At 3019125 UDre8trleted fund$ G¢neral fund 6.344.836 (198.164) 11587 6,159,259 Restrlcted fvnd8 VCSNS Fund Brend8 Woodcock Memorial Fund Christian Science Nurses Fund Charton MAnor Staff Fund 474,446 256,992 1.500 94,644 62,999 960 302 158301 15.841 (26,928) (1,500) 584,931 293.063 960 302 878 652 7037911 732 938 TOTAL FUNDS Page 20 continued...
HAWTHORNE TRUST LIMITED NOTES TO THE FINANCIAL STATEMEN13 - Continued FOR THE YEAR EIYDED 30 SEPTEMBER 2025 11 MOVEMENT IN FUNDS- tonthiwed A cumt year 12 months and prior ye8r 12 months eKtrmbtned net movement in funds, inc]uded in the above are &8 followJ: Incoming R¢sour¢es Gains and Movement resources expended losses in funds Ullrutri¢ted tsDd8 Gen fimd 572,355 (1,370,726) 600.207 (198.164) Restrlcted funds VCSNS Fund Brenda Wd¢Ock Memorial Fut]d Christian Science Nurs¢s Fund Charton Manor Stsff Fund 46.617 8,872 (14.117) (719) 960 302 14,178) 1.384,904 62.144 54.846 94.644 62.999 960 55,489 627,844 116,990 717,197 158.301 39.863 TOTAL FUNDS Qain5 and losses refers to the unrealised 8&ins and 1035es on mark Value of investments held &8 at 3010912025. A3. RELATED PARTY DISCLOSURES There were no related pÈty transactions for the year ¢nded 30 S¢pt¢mber 2025. Page21