Charity Registration No. 233121
THE HIBBERT TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Yshawgibbs
accountants & business (￿vIse[S

THE HIBBERT TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
James Chiriyankandath
Catrin Davies
Helen Mason
Derek McAuley
Mark Pearce
Melanie Prideaux
James Lister Croft
(Appointed 26 June 20241
Charity number (England and Wales}
233121
Principal addres5
Essex Hall
1-6 Essex Street
strand
London
WC2R 3HY
Independent examiner
Shaw Gibbs Limited
264 Banbury Road
Oxford
OX2 7DY
Bankers
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
Wesl Malling
Kent
ME19 4JQ
Investment advisors
Redmayne Bentley
8-10 Victoria Avenue
Harrogate
HG1 1ED

THE HIBBERT TRUST
CONTENTS
Page
Trustees, report
Independent examiner's report
ststement of financial activities
Balance sheet
Notes lo the financial statements
7-16

THE HIBBERT TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report and financial statement5 for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting Policies set out in note 1 to the
financial statements and comply with the Trust's goveming document, the Charities Act 2011 and "Accounting and
Reporting by Charities." Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021"
(effective 1 January 20191.
Objectives and activities
1. The Hibbert Trust
The objects of the Trust are lo apply the trust fund in such manner as the trustees think most conducive lo'.-
the spread of Christianity in ils most simple and intelligible form., and
the unfellered exercise of private judgement in matters of religion.
The Case Fund
The objects of the Case Fund are the promotion of free thought and the search after truth, the promotion of
unfettered learning and frank ulleran¢e on matters ¢onne¢ted with religion or with the nature and development and
highest culture of mankind.
The Stephanie Saville Fund
The objectives of the Stephanie Saville Fund encapsulate those of both the Hibbert Trust and the Case Fund. This
allows the Trustees to allocate this fund lo further either sel of objectives and leads lo this fund being classified as
unrestricted.
The Trustees may award grants or olhetwise approve arrangements for purposes whi¢h are in accordan￿ with
these objects.
Achlevements and performance
Significant activities and achievements against objectives
The trust received funding from investment income, enabling il lo support a variety of projects and individuals in
furtherance of ils objects. The investments are managed by the Investment Managers and operate the portfolios on
a discretionary basis. Grants lotslling £29,029 12024.. £25,600) have been aulhorised during the year, Grants of
£13,750 were outstanding as at 31 March 202512024.. £19,500).
The trust has continued lo explore how it might implement a repair and reparation policy arising from the origins of
ils founding funds in a legacy from Robert Hibbert Junior, an owner of enslaved people of Jamaica. The trust also
recognises the limitations on its actions resulting from its objects. The Trust is Investigating how il might leam more
about the origin5 of the Case Fund. In 2023 the trust designated £200,000 and these funds are being held
separately in a deposit account and any interest eamed is being added lo the balance of available funds.
Flnanclal revlew
ReseThes policy
11 is the policy of the Charity to relain sufficient funds to meet future commitments. Grants are only paid from funds
in hand. If insufficient suitable applications for grants are received, the surplus is invested for future income
generation or retained for future grant making.

THE HIBBERT TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
structure. governance and management
The Hibbert Trust is Constituted as an unincorporated Charity under a trust deed dated 19 July 1847. The Trustees
administer two other funds within the Hibbert Trust. The Case Fund established by the will dated 23 August 1880 of
George Case and the Stephanie Saville Fund established by her will dated 30 June 2018. These are held as
separate funds within the Hibbert Trust. The Stephanie Saville Fund and The Hibbert Trust Fund are both classified
as unrestricted. The Case Fund is classified as restricted.
The declaration of trust slates that there shall be al least three Iruslees. Every future trustee shall be appointed by a
resolution of the trustees passed al a special meeting, and the benefits of each selection are lo be considered. The
trustees are directed lo revise and reconsider al least once in Èvery quarter century any scheme thèy have adopted
to carry the trust into effect. By his will George Case directed that the charitable fund estsblished by the will be
transferred to the trustees of the Hibbert Trust.
The Trustees who served during the year and up to the date of signature of the financial statements were..
James Chiriyankandath
Catrin Davies
Dorothy Hewerdine
Helen Mason
Derek M¢Auley
Mark Pearce
Melanie Prideaux
James Lister Croft
(Resigned 30 April 20251
IAppDinled 26 June 20241
Publlc beneflt
The charitable activities for the year are in accordan￿ with the Charity Commission's guidance on public benefit.
The charity continues to provide grants subject to satisfactory application for funding within its charitable aims and
objectives as explained above.
Trustees responsibilities in relation to the financial statements
The Iruslees are responsible for preparing the Trustees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable lo charities in England & Wales requires the trustees to 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 stalemenls, the trustees are
required to".
select suitable accounting policies and then apply them Consistently",
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
stale whether applicable accounting standards have been followed. subject to any material departures
disclosed and explained in the financial stslements,. and
prepare the financial statements on the going concern basis unless il is inappropriate to presume that the
Charity will conts'nue in operation.
The Iruslees are responsible for keeping aecounling records that disclose with reasonable accuracy at any time the
financial position of the charity and enable them lo ensure that the financial statements comply with the Charities
Act 2011, the Charity IA¢counls and Reports) Regulations 2008 and trust deed. They are also responsible for
safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of
fraud and other irregularities.

THE HIBBERT TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees, report was approved by the Board of Trustees.
Derek McAuley
Trusteg
30 Jan 2026

THE HIBBERT TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE HIBBERT TRUST
I report lo the Trustees on my examination of the finanaal statements of The Hibbert Trust Ilhe Trust) for the year
ended 31 March 2025.
Responsibilities and basis of report
As the Trustees of the Trust you are responsible for the preparation of the financial stslemenls in accordance with
the requirements of the Charities Act 2011.
report in respect of my examination of the Trust's financial stslemenls carried out under section 145 of the
Charities Act 2011. In Carrying out my examination I have followed the Directions given by the Charity Commission
under section 14515llbl of the Charities Act 2011.
Independent examlnerfs statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the Trust as required by section 130 of the Charities Act 2011.
the financial statements do not accord with those records,. or
the financial slalements do not comply wth the applicable requirements conceming the form and content of
financial slalements sel out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the financial slalemenls give a true and fair view, which is not a matter considered as part of
an independent examination.
I have no concems and have come across no other matters in connection with the examination lo which attention
should be drawn in this ￿port in order lo enable a proper understanding of the financial slalements lo be reached.
Samantha Daniels FCA
For and on behalf of
Shaw Glbbs Llmlted
264 8anbury Road
Oxford
OX2 7DY
Date..
30 Jan 2026

THE HIBBERT TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestrlcted Restrlcted
funds
funds
Total Unrestrlcted Restrlcted
funds
fund$
as restated as restated as restated
2024
2024
2024
Total
2025
2025
2025
Notes
Income and endowments from:
Investments
Other income
51,845
5,253
25,200
77,045
5,253
49,767
4,648
23,264
73,031
4,648
Total income
57,098
25,200
82,298
54,415
23,264
77,679
Expenditure on:
Raising funds
Charitable activities
8,368
30,792
4,148
18,338
12,516
49,130
8,155
21,074
4,008
11,882
12,163
32,756
Totsl expendlture
39,160
22,486
61,646
29.229
15,690
44,919
Net gainslllossesl on
investments
11
147,1381
{16,5651
163,703)
19,9301
16,868
6,938
Net incomellexpenditurel and
movement in funds
129,2001
113,8511
143,0511
15,256
24,442
39,698
Reconciliation of funds-
Fund balances al 1 April 2024
1,507,049
790,083 2,297,132
1.491,793
785,641 2,257,434
Fund balances at 31 March
2025
1,477,849
776,232 2,254,081
1,507,049
790,083 2,297,132
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

THE HIBBERT TRUST
BALANCE SHEET
ASAT31 MARCH 2025
2025
2024
as reststed
Notes
Fixed assets
Investments
13
1,892,392
1,986,295
Current assets
Debtors
Cash at bank and in hand
14
5,588
451,868
2,245
393,587
457,456
395,832
Credltors: amounts falllng due wlthln
one year
15
195,7671
184,9951
Net current assets
361,689
310,837
Total assets less current liabilities
2,254,081
2,297,132
The funds of the Trust
Restricted funds
Unrestricted funds
16
17
776,232
1,477,849
790,083
1,507,049
2,254,081
2,297,132
The financial statements were approved by the Trustees on .
.3n.J3n 2026
?A4.A.l.
Derek McAuley
Trustee

THE HIBBERT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity inforniation
The Hibbert Trust is an unincorporated charity. 11 is registered in England and Wales with charity registered
number 233121. The principal address of the Charity is Essex Hall, 1-6 Essex Street, Strand, London, WC2R
3HY.
1.1 Basls of preparatlon
The financial statements have been prepared in accordance with the Trust's governing document. the
Charities Act 2011, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.
I'FRS 102.1 and the Charities SORP Accounting and Reporting by Charities.. Statement of Recommended
Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard
applicable In the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. Thè Trust is a Public
Benefit Entity as defined by FRS 102.
The Trust has tsken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash
Flows.
The financial slalements have departed from the Charities (Accounts and Reports) Regulations 2008 only lo
the extent required to provide a true and fair view. This departure has involved following the Statement of
Recommended Practice for charities applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the ftjnctional currency of the Trust. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. modified to indude ￿rtain
financial instruments at fair value. The principal awunting policies adopted are set out below.
1.2 Golng concern
Al the lime of approving the financial slalernenls, the Trustees have a reasonable expectation that the Trust
has adequate resources lo continue in operational existence for the foreseeable future. Thus the Trustees
continue to adopt the going concern basis of accounting In preparing the financial st8lemenls.
1.3 Charltablg funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable
objectives.
Reslricled funds are subject to specific conditions by donors or grantors as to how they may k used. The
purposes and uses of the restricted funds are set out in the notes to the financial slalements.
1.4 Income
Income is recognised when the Trust is legally enlilled lo il after any performance conditions have been mel,
the amounts can be measured reliably, and il is probable that income will be received.

THE HIBBERT TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
Icontlnuedl
1.5 Expendltu
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third paty, il is probable that a transfer of economic benefits will be required in selllemenl, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The c051s of each activity are made up of the lolal of direct cost5 and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single
activity are allocated dire¢lly lo that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable lo a single activity are apportioned between those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Fixed asset investments
Fixed asset investments are initially measured al transaction price excluding transaction costs. and are
subsequently measured at fair value al each reporting date. Changes in fair value are recognised in nel
in￿me1(expenditLjreI for the year. Transaction costs are expensed as incurred.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held al call wth banks, other short-lerm liquid
investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown
thin borrowings in current liabilities.
1.8 Flnanclal Instruments
The Trust has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Sectlon 12
'other Financial Instruments Issues, of FRS 102 to all of ils finanaal inslrumenls.
Financial instruments are recognised in the Trust's balance sheet when the Trust becomes party to the
conlraclual provisions of the inslrumenl.
Financial assets and liabilities are offset, with the net amounts presented in the financial slatemenls. when
there is a legally enforceable right lo set off the recognised amounts and there is an intenb'on to sellle on a nel
basis or to realise the asset and setue the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured al
transaction price Including transaction costs and are subsequently catried al amorb.sed cost using the effective
interest method unless the arrangement conslilules a financing transaction, where the transaction is
measured at the present value of the future receipts discounted al a market rale of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the fvture payments discounted at a market rate of interest. Financial liabilities classified as payable
thin one year are not amortised.
Debt instruments are subsequently carried al amortised cost, using the effective interest rale method.
Trade ¢redilors are obligations lo pay for goods or services that have been acquired in the ordinary Course of
operations from suppliers. Amounts payable are classified as CLJrrent liabilities if payment is due within one
year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially al
transaction price and subsequenuy measured at amortised cost using the effective interest method.

THE HIBBERT TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
Icontlnuedl
1.9 Taxatlon
The Charity does not trade for tax purposes and hence is not liable to Corporation Tax on its surplus.
Crltl¢al accountlng g$tlmatg$ and Judggmgnts
In the application of the Trust's accounting policies, the Trustees are required lo make judgements. estimates
and assumptions about the Carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experien￿ and other factors that
are considered lo be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and futurè
periods.
Income from Investments
Unrestricted Restricted
funds
funds
2025
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Income from listed
investments
Interest receivable
51,467
378
25,(￿0
140
76,527
518
49,550
217
23,176
88
72,726
305
51,845
25,200
77,045
49,767
23,264
73,031
Other Income
Unrestrlcted Unrestrlcted
funds
funds
2025
2024
Bank interest
5,253
4,648
Expenditurg on raising funds
Unrestrlcted R&strl¢ted
funds
funds
2025
2026
Total Unreslrlcted Rgstrlcled
funds
funds
2024
2024
Totsl
2025
2024
Investment
management
8,368
4,148
12,516
8,155
4,008
12,163

THE HIBBERT TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on charitable activities
Furtherance Furtherance
of religious
of religious
projects and projects and
learning
learning
2025
2024
Direct costs
'Ministry in the Making, event costs
Event and accomodation costs
11,125
550
7,395
1,127
11,675
8,522
Grant funding of adivities (see note 71
29,029
14,600
Shar9 of support and govornancg costs Is99 noto 81
Support
Governance
1,647
6,779
3,930
5,704
49,130
32,756
Analysis by fund
Unrestricted funds
Restricted funds
30,792
18,338
21,074
11,682
49,130
32,756
10-

THE HIBBERT TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
Grants payable
Furtherance Furtherance
of rellglous
of rellglous
projects and projects and
learning
learning
2025
2024
Grants lo institutions..
Hans Le Grand- USA conference
Ferhat Kafali academic work scholarship
Elisabelh Pinchiera- conference attendance
Science and Religion Forum - Conference sponsorship
David Clough TRS Ra￿ and Class Research Project
Rev Chris Hudson- NSPCI and HMCO links
HMCO- Digitslisation of The Inquirer
D G Hamilton Judaism and Slavery Research Project
General Assembly Unitarian and Free Christian Churches- oral history
Unitarian College- Lay Leadership Fund
Student Christian Movement ISCMI
One Body One Faith - Interfaith Centre
HMCO- Summer Research Institute Scholarships
BASR - Conference
Centre for Reconciliation - Interfaith Centre
FEAST- Youth Project
Black Lives Matter
SNS individual grant
Transformers
2,019
5,000
760
750
5,000
1,500
3,000
5,000
6,000
4,000
600
2,000
4,000
5,000
5,000
5,000
15,0001
{4,0001
12,0001
29,029
14,600
Support costs allocated to activities
2025
2024
Secretary & Fin Man
Travelling
Sundry
Governance costs
1,870
1,292
768
5,704
1,214
432
6,780
8,426
9,634
Analysed between-
Furtherance of religious projects and learning
8,426
9,634

THE HIBBERT TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
Independent Examiner's remuneration
Fees payable lo the charity's independent examiner and associates..
2025
2024
For independent examination
Independent examination of the financial statements of the charity
3,030
2,704
For other services
l other non-audit services
3,750
3,000
The Independent Examiners fee of £4,27012024.' £3,990) is included in lolal support costs.
Part of this fee, £1,24012023'. £1,286) has been recharged lo the John Gregson Trust.
10 Employ99$
The average monthly number of employees during the year was..
2025
Number
2024
Number
Total
There were no employees whose annual remuneration was more than £60,000.
11 Galns and losses on Investments
Unrestricted Restricted
funds
funds
2025
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Gainslllossesl arising on".
Revaluation of
investments
Sale of investments
147.8421
704
117,7321
1,167
165,5741
1,871
114,2501
4,320
14,521
2,347
271
6,667
147.1381
116,5651
163.703)
19.9301
16,868
6,938
12 Taxation
The charity is exempt from laxalion on its activities because all ils income is applied for charitable purposes.
12-

THE HIBBERT TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
13 Fixed asset investments
Llsted
Investments
Cost or valuation
At 1 April 2024
Additions
Valuation changes
Realised gain
Disposals
1,986,295
62,374
165,5741
1,871
192,5741
Al 31 March 2025
1,892,392
Carrying amount
Al 31 March 2025
1,892,392
Al 31 March 2024
1,986,295
2025
2024
Investments al fair value comprise..
Overseas equity funds
Multi-asset funds
Property
ternalive ftjnds
Fixed interest
UK equity funds
667,094
238.055
157,133
305,470
357,117
167,523
671,301
240,752
162,907
334.035
401,992
175,308
1,892,392
1,986,295
14 Debtors
2025
2024
as restated
Amounts falllng due wlthln on& year:
Prepayments and accrued income
5,588
2,245
15 Crodltors: amounts falllng du9 wllhln one year
2025
2024
as restated
Other creditors
Accruals and deferred income
85.649
10,118
74,412
10,583
95,767
84,995
13-

THE HIBBERT TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
16 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject lo specific conditions by donors as lo how they may be used.
At 1 April
2024
Incoming
resources
Resources
expended
Gains and At 31 March
losses
2025
Case Fund
790,083
25,200
122,4861
116,5651
776,232
Prevlous year:
At 1 Aprll
2023
Incomlng
r&sourc8s
Resources
expended
Galns and At 31 March
lossas
2024
Case Fund
765,641
23,264
115,6901
16,868
790,083
The Case Fund is restricted for the purpose of the promotion of free thought and the search after truth, the
promotion of unfettered learning and frank utterance on matters connected with religion or with the nature and
development and highest culture of mankind.
17 Unrestricted funds
The unrestricted funds of the charty comprise the unexpended balances of donations and grants which arè
not subject to specific conditions by donors and grantor5 as lo how they may be used. These Include
designated funds which have been sel aside out of unreslricled funds by the trustees for specific purposes.
At 1 April
2024
Incoming
resource5
Resources
expended
Gains and At 31 March
105ses
2025
Hibbert Reparation Fund
General funds
204.344
1,302,705
4,888
52,210
209,232
1,268,617
139,1601
147,1381
1.507.049
57,098
139,1801
147,1381
1,477,849
Previous year:
At 1 April
2023
Incoming
resources
Resources
expended
Gains and At 31 March
losses
2024
Hibbert Reparation Fund
General funds
200.000
1,291,793
4,344
50,071
204,344
1,302,705
129,2291
19,9301
1,491,793
54,415
129,2291
19,9301
1,507,049
The Trustees have sel aside the Hibbert Reparation Fund. The Trustees agree that they musl find ways lo
make reparations for the Trust's wnneclion wth slavery, in the context of fulfilling their legal obligation to the
remit of the Trust.
14-

THE HIBBERT TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
18 Analysis of net assets between funds
Unrestrlcted
funds
2025
Restrlcted
funds
2025
Total
2025
At 31 March 2025:
Investments
Current assetsllliabililiesl
1,264,946
212,903
627,446
148,786
1,892,392
361,689
1,477,849
776,232
2,254,081
Unrestricted
fund$
2024
Restricted
funds
2024
Total
2024
At 31 March 2024:
Investments
Current assetsllliabililiesl
1,323,827
183,222
662,468
127,615
1,986,295
310,837
1,507,049
790,083
2,297,132
15-

THE HIBBERT TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
19 Related party transactions
Transactions with related parties
None of the trustees were paid remuneration by the Charity during the year12024'. nill.
For adminislralive purposes, all of the bank transactions of the John Gregson Trust are undertaken by the
Hibbert Trust. This results in an amount due to or from the Hibbert Trust. That amount at the year end is
£71,898 due from the Hibbert Trust 12024.. £54,910). Al of the trustees of the John Gregson Trust are also
trustees of the Hibbert Trust and vice versa.
Administrative costs of the Hibbert Trust are incurred in common with the John Gregson Trust. The Hibbert
Trust charges an appropriate amount to the John Gregson Trust annually. The amount for the current year is
£5,51512024.' £3,154).
During the year 5 truslees12024.' 61 were reimbursed expenses of £1,491 12024.. £2.3021 to cover travel costs
to meetings and small items of expenditLJre made on behalf of the Hibbert Trust. These amoLJnts are included
in the accounts of the Hibbert Trust.
During the year the trust paid a £4,000 grant lo the Unitsrian College. The Unitarian College has a common
trustee wlh the Hibbert Trust, and one senior employee who is also a trustee of the Irusl.
20 Prlor year adjustments
The prior year adjustments within these accounts is lo correct the fund balances for the Trust which is as
follows..
Restricted funds were previously stated as £1,707,633 and are now restated as £790,083.
Unrestricted funds were previously stated as £589,499 and are now restated as £1,507,049.
This is due to The Hibbert Trust Fund being reclassified from a reslricled fund to an unrestricted fund. Thè
Trustees are In agreement that The Hibbert Trust Fund should be Irealed as unrestricted as the fund is used
for genèral purposes in line wth the Trusts, objective being 'lhe sp￿ad of Christianity in i(s most simple and
intelligible form,.
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