Sir Harold Hood Charitable Trust Annual Report and Financial Ststsm8nts 5 April 2025 Charty Registration Number 225870
Contents Rgports Reference and adminislralive informaliors Trustees, report Independent auditorfs report Flnancial statements statement of financial activities 10 Balance sheet 11 statement of cash flows 12 Principal accounting policies 13 Notes to the financial statements 15 Sir Harold Hood Charitable Trust
Reference and administrative infomiation Trustees Margaret Marie Elizabeth Felic Hood The Lord True. CBE Dom James Hood The Lady True Christian Edward Elwes Registered office PO Box 52492. London. NW3 9DY Charlty reglstration number 225870 Audlto Buzzacott Audit LLP 130 Wood Street London EC2V 6DL Bankers and investment managers C Hoare & Co 37 Fleet Street London EC4P 4DQ Soli¢itOf5 Laylons Solicitors, 2 More London Riverside. SE12AP Sir Harold Hood Charitable Trust 1
Trustees, report Year ended 5 April 2025 The Trustees present their annual report and accounts for the year ended 5 April 2025. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's Trust deed, the Charities Act 2011 and Accounting and Reporting by Charities-. Ststemenl of Recommended Practice applicable to charities preparing their Financial Statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (Second Edition) Structure, govemance and management The Trustwas set up by the Settlor, Sir Harold Joseph Hood. by a Declaration of Trust datéd 9 November 1962. The power of appointing new Trustees was vested in the Settlor during his lifetime. Sir Harold Hood died on 5 September 2005. This power now rests with the remaining Trustees. hen recrurting new Trustees, the Trustees look for individuals with skills and experience which are of value to the Charity. Once appointed, new Trustees will be provided with a pack of information on the Charity. The Trustees are experienced individuals who have a good understandin9 of what is involved in being a Trustee of a charity. Where appropriate, the Charity supports the training of Trustees, including attendance at seminars. The Trustees meet once a yearto discuss the annual accounts and to agree the list of grants for the forthcoming year. Risk Managemgnt Given the solid level of the chanty's general reserve and the discretionary nature of the eharity's distributions the Board of Trustees is of the opinion that the charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees have assessed the major risks to which the charity is exposed, in particular those related lo the operation and finances of the Trust, and are sabsfied that systems are in place to mitigate the exposure to the major risks. The Trustees have identified the fr)Ilowing risks.. Investments will drop in value., and Donations made will not be spent how the Trustees would like. The Trustees have mitigated these risks by.. Appointing a professional fimi lo manage the investments., and Activety reviewing the donations and asking for updates. Sir Harold Hood Charitable Trust
Trustees, report Year ended 5 April 2025 Kgy Management Petsonnel The Iruslees consider the board of trustees the key management personnel of the charity in charge of directing and controlling. running and operating the Charty on a day to day basis. All Iruslees give of their time freely and no trustee received rernuneralion in the year. Details of trustees. expenses and related paty transactions are disclosed in note 7 to the accounts. Investment pollcy and perfonnance In accordance with the Trust deed, the Tnjslees have the power lo invest in such stocks, shares, investments and propety as they see frt. The Trustees engage Rathbones as investment managers with the brief to adopt a medium risk investment strategy which provides revenue for the charity's current need whilst enhancing income and capital growth over the long temi. Objectives and actlvltles for public benefit The Iruslees confimi that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefft 'Charilies and Public Benefif.. All funds are unrestricted and the Trustees, policy is to retain sufficient caprtal for the rna1ntenan of the Trust. The balance of income at the year-end is considered at the Trustees, meeting. A minimum reserve of income is maintained to cover fiuctualions in income, whilst ensuring that the grants are paid. The Trust directs that the Trustees shall apply the income of the original fvnds and any additional fvjnds for such Roman Catholic charitable purposes as the Trustees shall, in their absolute discretion and from lime lo lime, think fit. The Trustees shall be entitled to accept the receipt of any person whom they consider to be the appropriate officer of any charity for any monies so applied bul musl follow up with appropr¢ale reporting on how the grant was used. The Trustees may also at any time apply the whole or any part of the capital of the Trust fund for such Roman Catholic charitable purposes as the Tnjslees in their absolute discretion think fit. Financlal perfomiance The financial statements show the investments al marketvalue. The gainl{loss) on disposals of investments is based on their opening market value and resulted in an overall loss of £824,431 for the year ended 5 April 2025 {2024. gain of £98.231} The Trustees have valued the iTrvestrnenl propety as at 5 April 2025 at £15,000,000, Tecognising a valuation loss of £5,000,00012024'. gain of 2.000.000}. During the year ended 5 April 2025, income was £740.09412024.. £833,823) Sir Harold Hood Charitable Trust 3
Trustees, report Year ended 5 April 2025 Flnancial performante (continued) Investment management expenses and propety costs in the year ended 5 April 2025 amounted to £101,752 12024.. £100,298). After grants, net expendrture before nel investment loss was £264,698 {2024'. 20,9461 which was covered by a transfer from the capital fund. There was £nil undistributed income balance at 5 April 2025 {2024 '. £nil). Grants During the year ended 5 April 2025 grants were made to Roman Catholic charitsble organisatsons of £903,04012024'. £754,471). The Trustees consider that future distributions can continue lo be financed from the Trust Fund at this level. The charity's grant making policy is to provide support to Roman Catholic causes al the discretion of the Trustees based on applications submitted to the Trust. Going Concern Given the solid level of the charity's general reserve and the discretionary nature of the charity's distributions the Board of Trustees is of the opinion that the charity has adequate resources to continue in operational existence for the foreseeable fvture. ReseThes review in¢ludlng pollcy The charity is reliant on ils return from investments lo fund its charitable aim, and therefore has a reseNes policy which aims to provide sustainable fvnds for the future. At the balance sheet date, the Trust had capital fvnds of £33,608.57812024: £39,685,542). Plans for th• future The Trust is managed with a view lo rf( being able to continue its activities for the fvture. The trustees will continue to award grantg in line with the current strategy and purpose of supporting Roman Catholic causes. Statemgnt of Trustees. Responsibilities The Trustee5 are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards {United Kingdom Generalty Accepted Accounting Practice). The law applicable to charities in England & Wales reqLtires the Trustees lo 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= set suitable accounting policies and then apply them consislentty.. observe the methods and principles in the Charities SORP., make judgements and estimates thal are reasonab5e and prudent., Sir Harold Hood Charitable Trust 4
Trustees, report Year ended 5 April 2025 Statement of Twste8s' Responsibilities (continued) stale whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,. ppare the financial statements on the going concern basis unless il is inappropriate lo assume that the charity will be able to continue to meet its objecb'ves. The Trustees are responsible for keeping proper records that disclose with reasonable a¢¢uracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. 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 also Confirm that they have made all necessary enquiries and taken such steps that they ought lo, to ensure that they become aware of any relevant audit information and that they confirm that the Charitable Trust's auditors have been made aware of such infomialion. Trustee Approved by the trustees on J,, /,]. Sir Harold Hood Charitable Trust S
Independent auditorfs report Year ended 5 April 2025 Independent auditorfs report to the trustees of Slr Harold Hood Charitable Trust Opinton We have audited the accounts of Sir Harold Hood Charitable Trust Ithe 'charity'l for the year ended 5 April 2025 which comprise the ststement of financial aclivilies, the balance sheet, the slatemenl of cash flows, principal accounting policies and the notes lo the accounts. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, {United Kingdom Generally Accepted Accounting Practice). In our opinion, the accounts.. give a true and fair view of the slate of the charity's affairs as at 5 April 2025 and of its in¢oming resources and application of resources for the year then ended,. • have been properly prepared in accordance wilh United Kingdom Generally ACpted Accounting Practice., and + have been prepared in accordance with the requirements of the Charities Act 2011. Basis for oplnlon We conducted our audit in accordance with International Standards on Auditing {UKI IISAS IUKII and applicable law. Our responsibilities under those standards are fvrther described in the auditor's responsibilities for the audit of the accounts section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethul responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions Telating to going concem In auditing the accounts, we have concluded that the trustees. use of the going concem basi5 of accounting in the preparation of the accounts is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, individually of collectively, may cast Significant doubt on the charity's ability to continue as a going concem for a period of at least e5ve months from when the accounts are aulhorised for issue. Our responsibilities and the sponSibl11t1eS of the Iruslees with respect to going Concem are described in the relevant sections of this pOrt. Sir Harold Hood Charitable Trust 6
Independent auditor's report Year ended 5 April 2025 other information The other information comprises the information included in the annual report, including the trustees, report, other than the accounts and our auditorfs report Ihereon. The trustees are responsible for the other infomalion contained within the annual report. Our opinion on the accounts does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and. in doing so, considerwhether the other information is materially inconsistent with the accounts or our knowledge obtained in the course ofthe audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required lo determine whether this gives rise to a material misstatement in the accounts themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Matters on which wg are rgquirod to raport by exception In the light of the knowledge and understanding of the Charity and ils environment obtained in the Course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to port to you if, in our opinion.. • the information given in the trustees, report is inconsistent in any material Spect with the accounts., or sufficient accounting records have not been kept., or + the accounts are not in agreement with the accounting records., or we have not received all the information and explanations we Wu1 for our audit. Responsibilities of trustees As explained more fully in the Iruslees, responsibilities ststement, the trustees are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of accounts that are free from material rni55tatemenl, whether due lo fraud or error. In preparing the accounts, the trustees are responsible for assessing the charity's ability lo continue as a going concern, disclosing, as applicable, matters related lo going conrn and using the going concern basis of aceounling unless the trustees either intend to liquidate the charity or lo cease operations, or have no realistic alternative but to do so. Sir Harold Hood Charitable Trusl 7
Independent auditor's report Year ended 5 April 2025 Auditor's responslblllties for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are lo obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due lo fraud or error. and to issue an auditoI5 report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect 8 material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the agggate, they could reasonab be expected to influence the economic decisions of sers taken on the basis of these accounts. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to delect material misslatemen15 in respect of irregularities, including fraud. The extent lo which our procedures are capable of dete¢ling irregularities, including fraud, is detailed below.. We obtained an understanding of the legal and regulatory frameworks that are applicable lo the charity and detemiined that the most significant are the Charities SORP FRS 102 and the Charities Act 2011. We understood how the charity is complying with those legal and regulatory frameworks by making inquiries lo management and those responsible for legal, compliance and govemance pr0dUreS. We Corroborated our inquiries through our review of minutes from trustee meetings and papers provided to the trustees. We assessed the susceptsbility of the charity's financial statements lo material misstatements, including how fraud might occur. Audrt procedures performed by the engagement team included.. Identifying and assessing the design and implernentab'on of controls in place to prevent and delect fraud., Performing tests of completeness on the charity's financial records and assessing the requirement for adjustments to be made for the year-end for financial statement preparation., and Assessing the extent of compliance with relevant laws and regulations by reviewing corSpondence with regulators and legal advisors. There are inherent limitations in our audit procedures described above. The rnore removed that laws and regulations are from financial Iransaclions, the less Sikely il is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-cornpliance with laws and regulations lo enquiry of the trustees and other management and the inspecb'on of regulatory and legal corresponden, if any. Material misslatemenls that arse due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. Sir Harold Hood Charitable Trust 8
Independent auditor's report Yearended 5 April 2025 Auditor's responsibilities for the audtt of the financial statements Icontinuedl A further description of our responsibilitie5 for the audit of the accounts 15 10¢8ted on the Financial Reporting Council's website at www.frc or .uklauditorsres onsibilities. This description forms part of our auditorfs report. Use of our report This report is made solety to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stsle to the charity's trustees those matters we are required lo state to them in an audilorfs report and for no other purpose. To the fullest extent pemiitted by law. we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body. for our audit work. for this report, or for the opinions we have formed. Buzzacott Audit LLP Statutory Auditor 130 Wood Street London EC2V 6DL Date.. 30 January 2026 Buzzacott Audit LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006. Sir Harold Hood Charitable Trust 9
Statement of flnancial activities Year ended 5 April 2025 Ilncluding income and expenditure account) Unre8trfcted funds Unrestricted funds Income lund Capltal fund Total 2026 Capital fvnd Total 2024 fund Nole5 In¢t)m¢ from: Investments Total in¢om¢ 740.094 740,094 740.094 740,094 833.823 833,823 833,823 833,823 Expenditure on". Raising funds Charitable activities Grants awarded T)tal expendlture 101.T52 101.7S2 100,298 1W.298 903.040 1,004.792 903,040 1.004,792 754,471 854,769 754,471 854,769 Net oxpondlturn tefore IlossesTrlgaln8 on Investments 1264.8981 1264.6981 120.9461 120,9461 Othèr tOgl&ed Iloss8sygaln8: ILos5esllgains on investments Unrealised Ilossygain on PfOP8ty Exchange rate gainlllossl Net1oxpendltureifin¢i)m 1824,4311 1824,4311 15,000,000) 15.000.000) 12.165 12.16S 1264,6981 15,812,266) 16,076,964) 98.231 98,231 2,000.000 2,OCM),000 16411 16411 120.9461 2.097.590 2,076,644 Transfer beh¥eon fund$ 264.698 1264.6981 20.946 120.9461 Not movement In funds 16.076.964) 16,076,9641 2.076.644 2.076,644 Fund balanco5 broughtforward 39.8B5.542 39.685.542 37.608.898 37.608.898 Fund balanc85 carried fowward 33.808.518 33,808.578 39,685.542 39,685.542 All income and expenditure is derived from continuing activities. The statement of financial activities includes all gains and losses recognised in the year. Sir Harold Hood Charitable Trust 10
Balance sheet as at 5 April 2025 2025 2025 2024 2024 Notes Flxed as8ets Investrnents Property 18,194,682 15,000,000 33.194,682 19.213,846 20,000.000 39,213,846 Current assets Debtors Short-teryn deposrts Cash 21 bank and in hand 2,121 200,000 252,100 454.221 3.396 514.726 518,121 Current liabiliti88 Creditors". amounts fall+ng due within one year 140,3261 146.4251 Net current assets 413.896 471.696 Net assets 33.608.578 39,685,542 Representsd by: Capital fund 33.608,578 33.608,578 39.885.542 39,685.542 Approved by the trustees and signed on their khalf by.. Trustee- Approved on.. Sir Harold Hood Charitable Trust 11
ststement of cash flows Year ended 5 April 2025 2025 2024 Notes Cash flows from operallng activities: Net cash used in operating activities A 11,200,002) 1870,065} C?¥h flows from InvestSng actlvitles: Purchase of investments Proceeds from sale of investments IncreaselldecTeasel in investsnent portfolio cash Investment income Nat cash provided by Invèstlng actlvltle8 {678,68S} {1,044,7041 1,250.475 1,154,992 1374,508} 130.426} 740,094 832.428 937.376 912.290 Changè In cash and cash equivalènts in th• yr 1262.6261 42,225 Cash and cash equivalents at 6 April 2024 514,726 472,501 C#¥h and ¢ash equlvalents at 5 April 2025 252,100 514,726 Notes to tho ststement of cash flows A Reconciliation of net movement In funds to ngt cash usod in operatlng activities 2024 2025 Nèt l•xpèndltureifincome Adjustments for.. Decrease in creditors Increase in d8btors Transfer to cash on deposit Inve51menl incorne Lossesllgainsl on investments Unrealis8d lossllgainl on property Net eash used In operating activitig 16,076,964) 2,076,e44 {6,1001 {1,2751 1200,0001 1740,0941 {833.8231 824,431 198,2311 5,000,000 (2.000.000) 11.200,0021 {870,(5) 112,6551 {2.0001 8 Analysig of cash and cash equivalents 2025 2024 ash 8t bank and in hand Total cash and cash equivalents 252.100 252.100 514.726 514.726 The Chaat?ble Trust does not have any borrowing$ or lease obligations. Therefore, net debt consists of the cash at bank and in hand. Sir Harold Hood Charitable Trust 12
Principal accountlng policies Year ended 5 April 202S The princip81 accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial slatefnents are laid out below. Basis of accountlng The financial statements have been prepared in accordan with Accounting and Reporting by Charities.. Statement of Recommended Practi applicable lo charities leffective 1 JanLtary 20191 preparing theiraccounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- (Charities SORPIFRS102) (Second Edition)). The Sir Harold Hood Charitable Trust meets to definition of a public entity under FRS 102. Assets and liabilities a initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounting poltcy notes. The financial statements are presented in sterling and are rounded lo the nearest pound. Going Concern The Trustees consider there are no material uncertainties about the Charity's ability lo continue as 8 going concem. The review of our financial position, reserves level and futtjre plans gives Trustees Confiden the charity remains a going concem for the foreseeable future. Incorne Investment income and other sundry income is accounted for on a receivable basis. Investment income represents the net amounts receivable plus income lax deducted and tax credit transitional relief. Expendtture Expenditu is recognised on an accruals basis. Investment Management Costs comprise the investment managers, fees together with property expenses for the property held. Governance costs comprise those of iunning the charty, namely audit and accountancy fees and bank charges. Grants to the making of which the Trustees have committed themselves are charged in the Stslement of Financial Activities in the year in which the commitment is made and are carrred forward under creditors until paid Invo$tm•nts Investments are staled at their middle market values ruling at the balance sheet date. The realised and unrealised gains and losses on investments are calculated based on the opening market values and are accounted for within the Statement of Financial Activities. Sir Harold Hood Charitable Trust 13
Prlncipal accounting policies Year ended 5 April 2025 Investment prop¢rtles Investment properties are included in the balance sheet at their eslimaled market value at the balance sheet date. A desktop valuation of investment properties is performed annually by the Trustees based on valuations obtained from third party professionals. As these assets are recorded al market value no charge is made for depreciation in the accounts. This is an area ofjudgemenl as only a desktop valuation has been perfomied. Realised and unrealised gains and losses on investment properties are included within thé Statement of Financial Activits'es in the year in which they arise. Creditots and provlslons Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probabty result in the transfer of funds lo a third paty and the amount due to settle the obligation Can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement arnount after allowing for any trade discounts due. Cash and cash equivalents Cash and cash equivalents includes cash and short term highly liquid investments with short term maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Deposits for more than three months but less than one year have been disclosed as short term deposits. Cash placed on deposlt for more than one year is disclosed as a fixed asset investment. Estimates and judgements Estimates and judgements are continually evaluated and are based on historical expefience and other factors, including expectations of future events that are believed to be reasonable under the circumstanees. Although these estimates are based on the Trustees, best knowledge of the amount, events or actions, actual results ultimately differ frorn these estimates. The trustees considerthe value ofthe freehold property to be based on estimates however do not consider there to be any other esb"males and judgements. Capital Fund The Capital Fund represents those assets settled into Irusl, together with any movements in their values. The Capital Fund is allocated by the Trustees for internal purposes only and is not subject to any restrictions regarding distribution. Finan¢ial instruments The charity only has financial assets and financial liabilities of a kind that qualify a5 basic financial instruments. Basic financial instruments, including trade and other debtors and Creditors are initially recogn1sed al transaction value and subsequently measured al amortised cost. Sir Harold Hood Charitable Trust 14
Notes to the fjnancial statements 5 April 2025 1 Investment Income 2025 2024 UK dividends UK Unil Trust dendS UK Real Estate Investment Trust distributions UK fixed interest Overseas dNidends Oversezs fixed interest Other investment income Bank Interest 360,767 96,668 9,600 81,924 143,508 34.003 2,963 10,661 740.094 380,705 93,465 19,200 64,172 187.637 40,554 41,052 7.038 833,823 2 Expenditure on raising funds 2025 2024 Investment management fee Property costs.. Council Tax 1.273 79,229 2,111 1,824 5.1f5 552 10,138 330 3.110 100,298 . Security Insurance . Sundty Repairs 590 12,727 755 751 101,752 3 Anatysis of charitable expendlturo 2025 2024 Gr3nls to institutions by category". Single Giants 260.300 10,000 240.000 57,000 30,000 5,000 30,000 13,000 ss.000 S5.000 7,000 qo,000 60,000 5,000 45,000 20,740 903,040 119,eoo Churches Education Homeless Hospitals Missionary Nutsing Prisoners Retreat Centre Schools Seminary Youth Vatin Special grants Governanc8 costs Intste 41 249,000 76,000 29,000 32.0(KJ 12,000 ,000 55.000 7,000 60,0 45,0 19.871 754.471 Sir Harold Hood Charitable Trust 15
Notes to tho financial statements 5 April 2025 3 Analysis of ¢harttable expenditure Icontinuedl 2025 2024 Names of Institutions and amoun15 paid.. Accross. Stansled Ace of Clubs, Clapham African Mission. ba8Èd in London SE1 Aid lo the Church in Need UK- Burkina Faso Aid to the Churth in Need UK- Nigeria Aid lo the Church in Need UK- Cameroon Ald to the Churth in Need UK- Guatemal8 Aid to the Church in Need UK- Holy Land Aid lo the Church in Need UK- Mozambique Aid to the Church in Need UK- Italy for Ukrainian Catholic Church Aid to the Church in Need UK- Syri8 Shaiing Bread Anawim, Bimiingham AS1]es1P of the Sea, LNerpool Blackfn'ars Hall. Untversity of Oxford (Dominicans) Borderlands, Bristol Bnod Catholic Children's SocAety Cardin81 Hume Centre Catholic Care Caritas Leeds Catholic Children's Society, Westminster Catholic Mothers, London Catholic Union Celebrate Trust Christian Heritage Centre, Stonyhurst Church Of Our Lady of Sorrows. Peckham Church of our Lady Quetrn of Peace, Richmond Church of St Augustine of Canterbury, Leeds Church of St Bernard. Lingfield Church of St John Fishei. Shepperton Church of St Joseph the Worker, Banbury Church of St Mary's, Hampstead Church of the Holy Spirit and St Edward, Swanage Church ol the Most Preritrus Blood, Borough Clergy Supwrt Fund, Archdiocese of Soulhw8rk Craig Lodge Trust Depatjl UK Diocese ofAberdeen Diocese of Argyll & The Isles- St Mary & Finnan Diocese of Bientwood, ex Anglican m8rried priests Diocese of Hexham & Newcastle, St Bedes, JarTOW Dioce$g Of Lanraster Youth Service Diocese of Leeds Mark 10 Mission Diocese of Nottingham Diocese of Salford, St M8ry's Church Manchester Divine Renovatson, London Downside Abbey Downside Sd)ool Carried foward 3.000 Is,000 1,000 3,000 3,000 2,000 4,WO 5.WO 10,000 3,000 3,000 3,000 3,0) 3,OLX) 1,OCM) 10.000 3.000 6.000 6,000 3,000 14,000 15,000 3.000 8.000 3.000 3,000 3,000 3,000 s,000 14,01)0 8.000 15,OCLI 3,0 3,000 3,000 2,OlJO 4,000 3.000 3,01)0 Is.000 55,000 3,000 4,000 15,000 55,000 4,000 1,000 1.000 1.000 10,000 5,000 s,000 28,000 2,000 28,0(X) 1,000 60,000 60.000 25,000 350.000 250,000 Sir Harold Hood Charitable Trust 16
Notes to the financial statements 5 April 2025 3 Analysis of charitable expendlture l¢ontinued) 2025 2024 Names of institutions and amounts paid". Brought forward Downside Fisher Youth Club Duchess of Leeds Foundation Embra¢e the Middle East Fabbrica di San Pietro in Vaticano Franascan Missionary Sister of Africa C<outh Alive, Zimbabwel Friends of Kipkelion, Kenya- UK charity (Londani Catholic Parish) Friends tsf Sl Mi¢hael's Primary School, Uganda- Bath (Red Earth Village SGhoolsl FTiends of the Holy Father Growin9 Old Gracefully, DicKese of Leeds HCPT HosannÈ House and Children's Pilgrimage Trust Handmaids ol Mary, Clapham Holy Union Sisters, Dar es SaPaam, Tanzania Hospice, Hospital of St John & Sl Elizabeth Jesuit Mission5, London N2 Kenelm YoLrth Trust. Alon L'Arche UK Lebanon Appeal, Order of Malts Leeds Cathedral Life. Leamington Spa Little Friends Centre, Botswan8 ISVPI Longford Trust Marian Brothers, Uganda Marriage Care. Nottingham Maryknoll Sisters New York Slate for Emusoi Centre, Awsha, Tanzania Marymount International School, Kingston upon Tharnes Maryvale Institute, Bimingham Mary Ward Loreto Trust Monte San Marino pèrish, San Venanzo Missionary Sisters of the Blessed Virgin Mary, Uganda Nehemiah Project, Streatham. London Noah Entètprises- Winter Shelter, Luton Our Lady and St John Church, Gong-on-ThaMes Our Lady's Church. NW8 Our Lady of Lourdes Church, Ashby-dè-la-zouch Oratory School Reading Parish of Santa Maria in Piazza, Sarnano Italy PACT IPrison Advice & Cale Trust) Ptyrllouth Cathedral, repairs Providence Rtsw, Tower Hamlets East London Redemptorists, Zimbabwe- Scotland Royal Nawy RC Chaplaincy Trust, Portsmoulh Sacred Heart Church. Boumemoulh Sacred Heart Church, Frinton-on-sèa Sacred Heart ChurGh. Holloway, London C81ried fOard 350,000 30,000 32.000 5,000 50,000 2,000 3,300 3,000 250.0 30.000 30.000 5,000 2,0 2,800 3,000 5,000 1,000 12.000 13,000 3,000 5,000 3,000 4,000 5,000 12,000 12,000 2.QOO 1,000 10.000 4,000 3,000 s.000 4,000 1,000 5,000 5.000 3,000 2,000 4,000 so,000 5,000 s,0 3,CK)O 1.000 5,000 5.000 2.000 50,0(KJ 4,000 4,000 2,000 3,000 1,000 3,OLK) 7.0 40,0(X) 50,000 2,000 8,000 7,000 17,000 2,000 1,000 7,000 587,61XJ 3.000 5.000 5.000 s,000 7,000 55,000 6,000 5,000 17,000 1,000 8,000 739,300 Sir Harold Hood Charrtable Trust 17
Notes to the financial statements 5 April 2025 3 Analysls of charitable expgndituro IGontinuedl 2025 2024 Names of institutions 8nd amounts paid.. Brought fOard San Jose. Chile- Relr8at Centre San Lorenzo, Chile- School Shrine of San Lib8rato, Italy St Aldhelm's RC Church, Malmosbury Sl Andrew's Hospice St David's Marist Foundation Inanda. South Africa Sl Elizabeth of Portugal Church. Richmond St Elizabeth's, Much Hadham SI Joséph's Church, Newbury St Joseph's Home for Chron(<xlly 111 Children. Souih Africa Sl Joseph's Hospi, Hackney St Joseph's Pastoral Centre, Hendon St Mary's College, Oscott St Richards Reynolds cathol College St Thomas Aquinas National Major Seminary, Katigondo, Uganda St Vincent's de Paul Society, Leeds St Vincent's Farnily PToject. Lix)don SW1 St Imlfred's Centre, Sheffield Strawberry Hill Overseas & Community Concern (Sisters of the Assumpts'on, Tanzani81 Stonyhurst College, Lancashire Venerable English Cottagè, Rome Verona Fathers, Ethiopia Wardour Ch8pel. Wiltshire Westminster Cathedral nte15hall Education, Surrey Worth Abbey, West Su55ex Your Place Youth 2000 Govemance costs (note 4) 739,300 4,000 8,000 31,000 587,600 4,000 8,000 25,OCKJ 4,000 3,000 3,QQO 3,000 2,000 3,000 20.000 3,000 3,000 4,000 4,(0 18,0 25,0 3,000 4.000 10.000 4.000 5.000 5.000 5,000 6,000 25,000 2,000 1,000 10,000 19,871 754,471 10.000 20,740 903,1)40 4 Analysis of governance costs 202S 2024 Accountancy fees Statutory audit fees Sundry Èxpenses 3.750 16,350 640 20,740 3,661 15,600 610 19.871 Sir Harold Hood Charitable Trust 18
Notes to the financial statements 5 April 2025 S Investments 2025 2024 Market value as at 6 April 2024 A(d.. Acquisitions at cosvtransfer value Less.. Disposals at market value- preedS Le5s.' net 09ssI I gain on inveslments Cash held by investment managers Markt value at 5April 2025 19,213,846 19,195.477 678.685 1,044,704 11,250,475) 11,154,9g21 1863,9681 107.921 434,489 57,432 18.194,682 19.213.846 2025 2024 Shares and Securltles Fixed inteSt.. . Unitèd Kingdc . Overseas Eouities.. . United 'ngdoM - Ovèrseas . Atematives Cash held a5 part ofthe wrttolio 1.204.887 287,326 1.215,033 302,545 8,038,124 8,848,330 6,428.281 6,912,636 1,801.575 1,877,870 434,489 57.432 18,194,682 19,213,846 2025 2024 Prop•rty 31 Avenuè Road, - market value as at 5 April 2024 Unre81ised IkBsllgain on propety 31 Avenue Road, NW8- market value as at 6 April 2025 20,01)0,000 18,0(K),O 15,000,000) 2.000.000 15,000.000 20,000.cM)o On 17 March 2009, voluntary income from the Estste of Sir Harold Joseph Hood deceased, in the form of his main residence, was settled on Trust. This propety was valued at £10,000,000 on the date of transfer. Investment properties are included al their eslimaled open market valuation al the balance sheet date. The valuation of investment properties is performed by the Trustees annually. The revaluation was prepared as at 05 April 2025 by Newrnark, external valuers, based on market value. The trustees consider this to be the best estimate of their market value as al the balance sheet dale. The valuation report and valuation was carried out in accordance with the terms of the RICS Valuation- Global Standards, which incorporate the International Valuation Standard5, and the RICS UK National Supplement. The valuer confirmed that the valuation was prepared by RICS Registered Valuers in accordance with the requirements of the above Standards. Based upon this, the Trustees have valued the propety as at 5 April 2025 at £15,000,000. Sir Harold Hood Charitable Trust 19
Notes to Ihe financial statements 5 April 2025 6 Crgditorn: amounts falllng due within one year YJ25 2024 Ac4xuals Investment managementfees Grants 20,100 20,225 19.200 20,225 7,000 46,425 40,325 7 Related party transactlons No Trustees have received any muneratIon or expenses during the year to 5 April 2025 12024.. Nill. During the year, the Trust made grants of £60,000 to t)ownside Abbey12024= £60,000). One of the trustees, Dom James Hood, is also a Trustee of Downside Abbey. There were no other related party transactions in the year12024: none). 8 Anatysis of Net Asset8 Between Funds Unrestricted funds Income ftjnd Capital funds Totsl 2025 Fund b•lanc¢s at 5 Aprll 2025 arn represented by.. Listed Investments Piopety Current Assets Current Liabilth"es Tatsl n•t assets 18,194,682 15,OCQ.OCH) 454,221 {40,3251 33,608,578 18,194,682 15,000.000 454,221 140,3251 33,608.578 unstcled funds Incom8 fvnd Capital fijnds Total 2024 Fund balances at 5 Apnl 2024 4Tr wTrs&nt8d Oy.. Listed Inveslments Propety CunBntAssets Cuent Liathlths Total nel a&8ets 19,213,846 19.213,846 20,009,000 20,OOQ,000 518. 121 518, 121 (46,425) 146,425J 39,685,542 39,685,542 Sir Harold Hood Charitable Trust 20