THE HAYES (KENT) TRUST TRUSTEKS, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
TIIE HAYES IKEND TRUST REPORTOFTHETRUSTEFS FOR THE YEAR ENDED 31ST MARCH 2024 STRUCTLIRE, GOVERNANCE AND MANAGEMENT REGISTRA TION DETAILS The Hayts IK¢iiil Trust is a charity TC8lSter¢d with Iht Cknrity CL¢mmi8sion under Regislr•lJon Nuinbei 221098. Thc r¢8iStered Addre55 of th¢ Trn$i L8 2 Warren Wood C105¢, H4yi6. BD)ml¢y. Keni BR2 7DU. DESCRIPTION OFTHE TRUST The Tnisl 1Tr1s ¢51ablish¢d under n xh¢iii¢ of mino&emeni mad¢ byihe Chority Commii$ion¢r8 on 18ih June 1992 10 4niAlyntsie the followiiig cl11¢¥ ID H•y¢s. Ktnt.. The Poors CollJA¢ Chority Th¢ Poors L4nd Ele¢inosyMry Charity Th¢ Hay¢s IK¢nll Educ•tioMI FwndAiion. Th¢ Tn1$1.5 are w apply ih¢ income of lh¢ TMI for th¢ b¢n¢fJt of the rt$id¢iil$ of Hoyt$ for reli¢f in n¢¢d. r¢li¢f in sickDc$5, r¢li¢f of the n8ed, Ihe pro))X)lion of ¢diicAtion and for TRUSTEES The Trusi'i i(11¢ of m•ni4emeni providfi for it to hsve six TThJtses'. One Ex.offl¢io TN&tee who 1$ th¢ Relor of Hiy¢i Two Noini114i¢d TtU51ees 4r¢ ippoinkd by die London Bor¢y8h of Bromley Ttw¢¢ Co-owed TnJst¢¢s wbo are 4pp)int¢d by wwliiiion of Ilw TnLIIt¢s. The followiii¥ seThed aiTruii¢i$ durin8 thc y¢ir ynd¢r report and werc TnJ$i¢¢i on the day Ihis r¢ptsrt .S approved.. R¢v¢r¢Dd Aniand4 Spe6 Bx•officio Carol Trnclove NomitM¢ed Ali50n N415h Noniin•t Brian Li8hioller C¢J-opied JoAllna Rob¢rty Cv-opl¢d Attdiew Noith Cwied Th¢ title5 to Ihe TtVSf'¥ Tt•l property Bre r¢8isi¢red in th¢ n8m¢ of the Official CuRiodi8n for ChATilleg.
REFERENCE AND ADMINISTRATION ADVISERS IRdtpendellt Examl#er y Sar8elll SarBeont & C• Chttrtered Certified Ac¢ounianis 131 Hay¢s Lpi)e. HAy¢S. Ktnu BP2 9 Bar¢ln>'rB41th PLC Leiitsier, LE87 2B Imvé•tmtNi mnAReri CCLA Inv¢>imeni mfjna8emel L 5eMior Hoiise. 85 Qu¢¢n Vietoria Slreei. Londoll EC4V 4ET Property m•nA8eri Pror¢rty Ang¢l$ Ctr UK Lid TIA Cuu•n & Piiui¢r 94 Beckenhlin L4ne. Broml¢y. Kent. BR2 ODW POLICY ON RESERVES A8 èl 31st March 2024, the Truyl's Geii¢r•l Funds stood •1 £576.206 12023.. £524,134). Yh¢ G¢ii¢ral Fuiids also Reii¢iai¢ in¢ott for the Tru$1 wliich li 11ged 10 supplemeni the Tnisi. 111¢0mc ftom iii pillIn¢nI endowiieiit inv¢$im¢ii15 and ils prop¢rtlM. STATEMENT OF TRVSTEES, RESPONSJ81LITIES The Trus1¢¢s 4c¢¢pI Ihai it li wthin their respon¥ibiliry'. Io PY¢PAr¢ finth¢i¢iil $iaieiitilS for each flnailaj y¥r which pieseiji and fair view ofihe $tsi¢ ofaffairs of the Tru¥¢ of its r¢$yli$ for th¢ y¢ar ¢nd: Iiid 10 a¢hi¢ve that tlld. 10 J¢k¢l •uilpbl¢ i¢¢ountinB policiu and apply them coniislen¢ly niike Judnitnts •nd cstllD•ie$ irt r¢lation to the tIMnciil $t&ieii*iit$ that tehsoDfible atsd pNdent'. io Prer¢ Ihc fiii&iiti#l siaieinents on The 8oing. concern bi418 unlesa thai ia inApp¥opiialc', 411d 10 51al¢ wh¢ih¢r QT not th¢ financi81 SlAteiMCllt5 har b¢¢tt prepired in iet•rdJnc¢ MIIL &pplt¢Jbl¢ ai¥ounliii8 sIAiidHrd5 and slaleiii¢iit5 of r¢ioiiun¢tid¢d prA¥li¥e io giv¢ parti¢ul&rsofaiiy maltrial d¢partur¢ from thrs¢ stsndhrdJ•nd prD¢lj4CS and Ih¢ r¢a50Tr5 for su¢h depornw¢. The TN8it¢5 aeknowled8¢ the n¢td to k¢ep PTOP¢T 4c<oiinlin8 records, 5afe8ward th¢ ofthe Tnisi and 10 pr¢v¢DI fr¥iid othcr i¢sU18n11¢1.
ACI'IVITJES AND PERFORMANCE REVIEWOF ACTIVITIES During Iht to 3151 March 2024 the TSlee$ tn¢l 6 occision$. Thc main biJ$intss included th¢ oJaknfj8 trf 8rwit5 aijd the nn¢¢I of thc Tntsi's prop¢rti¢s. GTaiiis were tt¥de for lh¢ b¢D¢fil ofre5idtni$Y)f Flhyts in lin¢ with the Tnisl'x obj¢4liv¥$'. relief in nevd.. r¢li¢f in 5iGkn¢s5' rtlicf for the 48¢d: PTomolion of ¢du¢aiion #lid Hdvallceiutiit in lif¢. The TN51¢¢1 hav¢ hod 80rd to the ChArity Commission's Buidit£ on public benefii. Thele r¢pons 8nd fiDaiKNI slal¢ineiits were approved by th¢ Tru8es on 1£171 2024. For THE HA YES {KF.NT) TRUST Carol Trutlove Andrtw NII
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HAYES (KENT) TRUST I report on the atta1$ of the Tnisl for the yur ¢nded 31W March 2024, which Bre sei out on 8¢$ 5 10 Reipetilvt rttponilbllltl¢i of tru$ieei And exlmlfter The trnsk¢i are rtSPQDsibl¢ for the prepirAiion of th¢ n¢¢rninti. The tru8ltes ¢oniider Ihit an Biidtl 1$ nol required foTih15y¢r undei kciion 133(21 ofihc Choriii¢$ Agi 2011 Ith¢ 2011 Acil And that &n ind¢p¢nd¢ni ¢Ynniination Is n¢eded. li li my respon$ibility to.. Exiininc the 8iiounls under geciion 145 of th¢ 2011 Aei., Follow Ihe procedures laid down in th¢ G¢n¢ral Dire¥lioM $iv¢tt by the Cherily Comnuision under getiion 145 151 Ibl of th¢ 2011 A¢i' aiid Siaie wlkilici pnrtithilar Ill&il¢rs hfjve come 10 my8if¢niion. Billi of Indeptndeni ex•mlAer'i ripori My ¢xaiiunAtion wis igirried out in aKEordan¢¢ with Ili¢ General Dii¢%lion5 given by Ihe ChArfty ¢oliipirin of th¢ a¥¢trunls P¥¥Swiiia wilh Ihose ttiords. li &lso in¢lud¢s ¢on$ideriiion of &iiy uniiwial ,.kin8 expi•Jwlions from you li Inisi¢%S concetnin8 atty such mailers. The procediires udertk¢ii do iioi provsde 411 the evidtii¢e that wouldbe rtyulrtd in an Biidil and on4¢qutnily no opinion 15 8iv¢ii is wlieihcr Ihc ac¢oiini$ prtsciii a"Irue ind flir vi¢w" pnd the report is limil¢d w th0 tter& sei oul in lh¢ siAteiii¢otb¢low. Ind¢p¢nd¢nt ¢ximln¢r'i ifirement In Colution with my ¢x•miD8tion. no matter hthi conw my tteDlion'. {11 Which giv¢s me rs0*ble caiis¢ to b¢li¢v¢ thai in Athy mlieriil rup¢¢l th¢ r¢quirements 10 keep Oiiollllting reiordl in •¥¥ord4nc¢ with S¢iiion 130 of th¢ 2011 Aei and to prepar¢ i¢eounl5 in a(¥orJiinr¢ with these records ind ¢oiiiply wilh the requirtm¢nts of th¢ 2011 Aci noi been met 121 To which att¢JJlion Should be drèwm in ord¢r to ¢nAble a proper und¢r5tfindiD8 of the H¢¢ounis io be rlled. RNY Sprg¢iini Sais¢aiit & Co Ch8rt¢r¢d Ctrtifjed AtCQYDlaul$ 131 Hajes lane Hayts Keiit BR2 9FJ
TIIL HA YES (KENT) TRUST STA TEMENT OF FINANCIAL AcrivtTIES General P¢mAth¢nl Total Tot81 N¢5 Fullds Endowintni 2024 2023 Incomin8 kc5011rcei Inv¢$lir¢nl T¢4tiv¢d 4S.340 45,340 Rtiii yt£eib'tsble 20,208 21J.208 20.950 Invisrmeni income 38,809 38,$(J9 38.156 Initt4'$1 rectiVf•J ,739 1,739 630 106,lJ96 59,736 Resourc¢J Expended.. Direii clnIable Expendire 48,942 48,942 59.472 Property Riinning Costs 3B.066 38.066 10.229 MAiiIAeJneni Qj Adjjunisiralion 827 827 775 Total R¢>our¢¢¥ Exp¢iidtd Nei in¢ornsnB I loul80ingl R¢$W¢S For th¢ Y¢ar 18.261 110.7401 t)ther Rt(08W5ed Giins.. Unr¢alis¢d Giiis I (Losses) on Inve$tmtni Aisets 123.415 Nei Movement in Fund5 52,072 89,604 141.676 161,2091 Fund B81*nc¥S Brou8hi Forward 524 134 1,041,354 1564,488 1626,697 Fund Bilaii¥e Carried FOrwd 576.206 1,130.958 1707 164 1565.488
THE HAYES{KENDTRUST BALANCE SHEET AS AT 31ST MARCH 2014 Noles 2024 2023 FIXED ASSETS Ton8ibl¢ fixed 182.688 182,688 Invesith¢nl$ 41&5 1471.563 1.654.251 .510,837 CURRENT ASSETS Ikbiom 6LIJ C.8sh 41 Blliikv CURRENT LIAIIILirics Sundry Crediiori Nil Curr¢nt Asseij TOTAL ASSET5 LESS LIABILITIES 1707 164 1565 488 RepieKnted by.. G¢nerAI Fundi 576.206 524.134 PerLllaii¢ni EndownwAIt 1 130 958 1041354 1707.164 1 565,488
THE HAYESIKENDTRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTJNG POLICIES i) Th¢ fiMn¢iil siAiements have been prcpir¢d und¢r th¢ histori¢ ¢ost ¢onv¢niion. R¢iiT$ inv$¢MeI inconK arc ¢r¢dii¢d io th¢ I01¢ OnI wh¢ii r¢¥¢jVtd. Giiiits Appro¢d are char8ed 10 IheexpcndiiuK arcount wli¢n dtsburKd. All oihgr iiemsof ¢xp¢Jiditur¢ are Accounied for on In l¢¥Nils bisii. No dtpt¢ii*iioii 1$ provided on frt¢hold land and buildin86 And the i'alu¢ IJ lho 41 th¢ purcl115e pric¢, In vl¢w ofihe mov¢1151s in property valu¢5 aijd a5 this property 18 110¢ held ae an invi5nii¢i)i. li kns not be¢n con$id¥red ThecLSSAry io in¥ur di¢ c051s of an aulliml ¥aliiAIion. iv) &laf The Chiriry employs no $iiff aiid no reinun¢¥alion 15 pAid ¢0 any Tru•t¢¢. CHARIT AHLE ACTIVITIES Purpo Numb¢r of Gr•nii Toi01 Disbursed 2024 2023 2024 2023 R¢ltef in Ne¢d 39 40 21395 1.646 18.610 1,883 Relief in Si¢kn¢5$ 14,836 Promoiion of Fdu¢Ation 7.993 9,595 53 03 £48.942 £59.472
GOVERNANCE COSTS 2024 2023 OffIt Cosll 167 175 Audit F¢¢5 6hn £827 £775 FIXED ASSET INVESTMENTS li}. 2024 2023 M•Tket value li IA April 1.328,149 1,308.618 Putcbn 20.0 70.(KK) N¢1 Ujircalisrd yin$ 1110511 on Inv1611u¢iIts 123414 50,469 MThrkei vklu¢ It 31rt Mir¥h £1471563 £1328.149 (bl. FellOId L•Thl & Huildin86 £182 6R8 £182 688 INVESTMENT PORTFOLIO lai Markei Value) 2024 2023 P¢mi•n¢ni Endowm¢iil'. COIF chariti Inv¢51menl Fiind Income Uniij 975.S08 Gtiieril Fuiid.. COIF Choritlei Invtsljlleni Fund ltt¢om¢ Unit$ 406,452 352,641 rolal Inw¢llm¢nts £1,471.563 £1328 149
DEBTORS 2024 2023 Relit dep05jl fund 000 £600 £6tYJ CREDITORS 2024 2023 A¥dli fecs Reni deposii r¢¥¢iv¢d 600 600 Prop¢rfy M•iii8¢menl F¢¢ A¢¢N¢d 60 £1.260