Do¢u$lgn Envdope ID". 87F67E62-DE5&4487-AA4E-678921A039EC Char5ty numbgr: 239044 HOWARD DE WALDEN HOSTEL CHARITY TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Do¢u$lgn Envdope ID". 87F67E62-DE5&4487-AA4E-678921A039EC HOWARD DE WALDEN HOSTEL CHARITY CONTENTS Page Rtrfor¢n and admlnistratlve detalls of th• Charlty. Its Trn$to0$ and advl$&TS Trusl••s' r•port Indepond•nt examln•rfs r•port Stat•m•nt of flnnclal •¢llvltkn¥ Balanc• $hMt Not•$ to th• fln•n¢l41 t*temgnts 8-19
Do¢u$lgn Envdope ID". 87F67E62-DE5&4487-AA4E-678921A039EC HOWARD DE WALDEN HOSTEL CHARtTY REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees Fr J F n$le. Chair lapwnted 24 May 20241 Mrs J I Sweelman Mrs M D J Smilh Mrs E R Deane Mr S M Ring. Ttsasuror Rev B Reed Ifesigned 29 July 20241 C Smith Miss V R Sa¢l¢y lakp)inled 24 May 20241 Charlty rnglst•r•d numbèr 239044 Pflnelpal offl¢• 176 Tonbridge Road Maidstone Kenl ME168ST S•cr•tary mrSER Ind•p•nd•nt Examln•r D CO¢hran¢.Dt Bsc BFP FCA MHA Maidslone United Kingdom 8ank•rn Nali¢)n81 Weslminslef Bank PIC 3 High Streel Maidstone Kent ME14 1XU Page 1
Do¢u$lgn Envdope ID". 87F67E62-DE5&4487-AA4E-678921A039EC HOWARD DE WALDEN HOSTEL CHARITY TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustee$ prèsent thèir annu41 rgw)rt Irsether wth the finan(ial 5ts1efflents of the Charity for the 1 Aprll 2024 10 31 M8rth 2025. The financi81 statements have been Pfepared in aCrdance vith the accounting poliries 38t out in note 1 to the financial statements and comply wth the Charitys Injsl deed. the Charities Act 2011 and Ac(x)unting and Reporting by Charities.. Statement of Recommènded Practs"ce ISORPI appticable to charitses preparing thelr financial stotements In e0rdanc in Ihè UK and R8pubFi¢ ol Irèland {FRS1021 ellactive from 1 January 2019. Obl•1ve1 and actlvltl•s a. Poll¢le$ and oblectivos The obleetiw ol th8 Howar(I de Walden Host81 Charrty was to èstabll$h and malntain o hostal lor the residanlial 8ecommodalion, reueaiion and instruclM)n of young womèn and girfs of thè town of MaKJslone •moyed wllhlft the Said ltswn or th¥ n&ighb0urtd Ihtrreol. The objeclve was amended 8 Febfuary 1993 so thal the hostel mighl also be used for the benefit of ytsunu women and girfs attending a )urSe of instructon at a recognised place of education or instruction in Maidslone. During 2003 the objeciive o1th8 hostel charity was extended to indude young men. In setting objectives and planning lor 8¢livities. the Twsletrs ha 9iven du¢ ¢onsidaraliot) 10 general guldanc8 published by the Charity commissi lating lo public benefit, induding the guKlan¢è 'Public benefit.. runnlng charity IP821'. b. Strot•gl•$ for a¢hl¢¥lng obJgCtFv•s Tho Truslaes work to an adon and deuvery plan agreed by the Twustees whlth is regularfy revlewed aThJ amondad. c. kllvltles undertaken to achlgve obl•ctlv•s The Hosw is subject to wing maintonance and a progr•mm¢ of forWatn$ lo &nsLtrn It is malntalned al a good standard. hleverneni• and performan¢• . Révl•w of aetlvttl•s During the year the Charty has been able to CIlnUe to fflaintain the property as wèll 8$ ensuring that the property complles wth the current fire regulats"orts. Flnanclal revlew a. Golng concom After making appropriate enquiries. the Trustees have 8 rtason8b18 eXPèCtaiion that the Charity has 8d8quatè resources to contin¢Je in operational existence for Ihe foreseeable futur8. For this reason, they continuè to adopt the going concem basis in pparing the ftnanryal statement5. Further details regardtng thè ado.( of the going cxjncem basis can be found in the a(Unting FX)tiryes. Page 2
Do¢u$lgn Envdope ID". 87F67E62-DE5&4487-AA4E-678921A039EC HOWARD DE WALDEN HOSTEL CHNRITY TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 b. R•s•rv•s pollcy Tru51ees airn to hold reserves suffioent to covèr costs of r4Jnnrng and maintsinirvJ thg hostd for th& next 12 months. The balanc& of reseNes at 31 March 2025 amounted lo £154.43912024- £155,775). c. Key figures Re$ull$ ol Ihe tharity for the year show a net decrease In funds of £1.336 (2024- decrnase of £2,537). d. Mat•rlal Inv•stm•nts poll¢y Our investment advisors Blackrock ar• Instw¢t8d to invesl to rnaxim Ihe tolal relum on 818d(wk Charities UK Equity Funds wthin the contraints of a risk Inve$tm?ni portrc460. structur•, gov•rnanc• and manag•m•nt •, Con$titutkn The Howard de Wald•n Institu$ 4$ It wa$ formwly known came into existence 8$ a tharity In 1896. In 1922 scheme was apProd by Th Board of Charity Commi55ioners lor England and Wales for the regulation ol the eharity. In 1950 th• trustèes applied lo the Charity Commissioners and on 12 January 1951 a Charrty Commission Schèmè was approve¢J divKlin9 Ihe original charrty into tr40 separaie charities to be known as Th8 Howard de Walden Club Charity and the Howard De Walden Hostel Charity. The Charfty Commission Schema was arnended on 5 December 2003. The Chwty number is 239044. There have been no changes In the c*cfves slnce th8 last annual r8F¥)rt. b. Method$ of •ppolntm?nt or ele¢tSon of Tru>tee¥ The management of lh& Charity Is r0$F$1)lI1ty of lh¥ TfUSte¥$ wtht ¥ffj ele¢ted and ¢Ople under the tems of thè Trust d88d. The charity conslilutes a trust, adminslered and managed by a body of trustees consisting of one nominated trustee, and up to eight COknopera¢ive trustees. The nominated twstee shall be apwnted by the Archblshop of C8nlerbury. Co-operafjve trust88s arè pÈr50n$ residing or Carng on buslness In or near MaKlstonè. aThY arè appOind by rasolution of thè exlsling trustees at speual rneeungs. c. Organlsatlonal structure and d•cl$lon4naklng pollcl•s The Twslees meet on a monthly basis lo disc#Jss and resve any issues arislng. The Trusiees are tho MÈRI decisiort making body for the Chartty. The House Managw runs the hostgl on a day to day basis. d. Policies adopt•d for the Inducllon and tralnlng of Trustees The charily provides new Trustee5 wth trainÈng and mentoring Irom the Chair. Pagè 3
Do¢u$lgn Envdope ID". 87F67E62-DE5&4487-AA4E-678921A039EC HOWARD DE WALDEN HOSTEL CHARITY TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Structure. govemance and manag•mènt leontlrtued) •. Pay pollcy for kèy manag•rn•nt por¥onn¢l The Trustees consider the Board ol Twstees and the Treasuref as comwisit)g the key management p&rsonn81 of the charlty In chaige ol direct'ng, eontrolling, running and op8rating the ch8nty on a day to day basis. All Tm$teè$ glve their lime freely aThJ no tru3tee reMunaln was pathj in the except a small honorarium paky lo Ihg Tre¥$urer which is agreed each yEar by the Board of Trustees. Plans for futur• rIodS The long tern aim of the Charity is to maintian fvll occupancy of the Host81. Wh&n funds allow. it Is hopod that the top floor be renovated and broughl back into use. Stat•rn•nl of Tru$tM•' r•spon8lbSlltl•s The Trust$e$ are responslble IC preparing Ihtr Tru518&s' report ar the financial ststem#nl$ In 8¢¢ordanc8 wjth applicable law and United Kingdom Acwjnting Slandafds Iunited Kingdom Generally Accepted Accounting Pra¢técel. Th• applutA to ¢hariti¢$ irt England & Wal$s requi$ th& Tru$to¢$ tts prnpors financial ststoment5 lor •ach financial yaar whi¢h 9IV& 8 trvg and fair viow of th¢ $tsl• 018ffaits of th¢ Charity and of its In¢oming rosourcas and appli¢abon ol resour¢es. induding its InMe and exptrnditur¢. for that pèriod. In proP8ring these fln8nci81 slal&menl8, the Tru8lee$ are wvlred lo.. $&1o¢t suitable o¢¢ounting policaes and Ihtrn 8pply thgm ¢onsi$l&ntly, observe the methods and principles ol iho Chantias SORP IFRS 1021., make judgements and accountin9 estimates thal a aSonable and prudent.. late whether applicable UK Accounling Standards IFRS 1021 have been folkjwed, subject lo any materlal departures di$¢losed and explained in the finanaal statements.. prepare the financial statèments on thè goirvj conc8m basS8 unl8ss11 is knappropriale to pr8sum8 thal I Charity will continue In business. The Trustees are responsible lor keeping adequate accounting records that are sufficient to show and explaln tho Charitrfs transactions 8nd ijisclose rtrasonable accuracy at any b.me the financial position ol the Ch8rtty and ènablè them to ¢nsure Ihal the financial statèmènts comply th Charities Act 2011, the Charity IA¢covnls and Reports) Regulation5 2008 and th& provisions of thg Twst deed. Thèy ara also re5pornsible for safeguarding the 855ets of the Charity and herKe lor laknng reasonable steps for tho prev•fttitin ond detection of fraud and other IegUlaritS. woved by order of th6 members of the boa of Twstees and signed on their behaff by.. Fr J F Ains15e jchalrj ZL T-b LnLfj Page 4
Do¢u$lgn Envdope ID". 87F67E62-DE5&4487-AA4E-678921A039EC HOWARD OE WALDEN HOSTEL CHARITY INDEPENDENT EK4MINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Ind•pendent examlntrfs report to the Trustees ot Howard Oe Walden Hostel Charlty Ilhe Charlty'l I report to the tharity Truslees on rny examlnation of th• accounts of th8 Chaiity for th& ysar endèd 31 March 2025. R•sponslbllrtlès and ba$1$ of report AS the Trustees of Ihe Charity are resps[tA for Ihe Wepwat1 of Ihg ac¢ounts in ac¢ordancts wth the requirements ol the Charities Act 2011 I'lh& 2011 Acl'l. I report In rospect ol my ex8mlnation of the Charitys accounts rrIed out under section 145 of the 2011 Act and In carrying out my &xarnination I have fdbwed Ihe aPIcable Directions given by the ChaFlty Commission und¢r $g¢tlon 1451511bl ol the 2011 Act. Ind?pond•nt xamln•rfs stat•m•nt I have completed my 8xaminatw. I wnfinn Ihal nts matters have cryne lo my 8ttenlion In rnnectOn wllh th• oxamination gNing ma causa to 1ve that in any material respect.. ac¢ounb'ng records were nol kepl in respect ol tha Charily as requlred by sedon 130 of Ihe 2011 Act.. or the accounts do not acc th ts& rewrds., or Ihe accounts do not ¢omply with the aPplble requiremgnts cCem1rJ the form and content of aecoLtnts sèt out in tha Charitie5 (Accounls and Report51 Regulations 2008 olher than any requirement that tho accounts 9iv8 a 'lwe and lairf view wthich is not a maU8r considered as part of an Independont gxamlnation. I have no concams and have ¢om¢ acr0$8 no other matters in ¢onrt)n the exarnSnat¢on to whlch attenlk)n should b• drawn in this r¢F4>t in ¢yder to ¢n8ble a proper under5tsnding of the accounts lo be reached. This report is Made solely to the Charilvs Trustees, as a body. in accordance wlh Part 4 01 th& Ch8riti$ IA¢counls and Reportsl Regulations 2008. My vKJrk has been undertaken so that I might stata to Iha Ch8riVs Trustee5 those ma¢teTS l am required to slate to ihem in an IndependeTrl examinèvs raport and for no other purpose. To the fullest extent pemitled by law. I do not accèpt or assume f•spon*ixlity to anyong Othgr than the Charity and the Charitys Trustees as a body, for my work or for this report. SLqned.' Oated: August 1. 2025 D Cochran•wDy•l Bse BFP FCA MHA Maldston8 Unit8d Kingdom Page 5
Do¢u$lgn Envdope ID". 87F67E62-DE5&4487-AA4E-678921A039EC HOWARD DE WALDEN HOSTEL CHARrrY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unr8str4eted fvnd5 2025 Rtrstricted lund• 2025 Total fvnd¥ 2025 Total funds 2024 Not• In¢omo from: Donations and le9aclé$ Charitable activitias Inve8tmentS 3,000 3,000 73,961 3,1S3 73.%1 3.1S3 64,991 2,983 Total Incom• 77,114 3.IXIO 80.114 67,974 Exp•ndltur• on.. Charitabl8 activities 80.771 3,000 83.n1 72,058 Total •xpgndltur• 80.771 3,000 83,771 72,058 N•t expendllurg b•for• n•t galns o Investm•nts Nel gains on inveslrnenls 13,657) 2,321 13.6571 2,321 14.0841 1.547 N•t mov•m•nt In funds 11.3361 11.3361 12.5371 Rgconclllatlon of lund$: Total funds brought forward Nel rnovement in funds 155.llS 11,3361 1S5.773 11,3361 158.312 12,5371 Total funds earrl•d forward 154,439 154,439 155.775 Th8 Statement ol flnancial athitl8s ItKludès 8119alns and toss&s rwnisod In th8 Jwr. Tho nolos on pag•$ 8 to 19 form part of Ihese finarKial Slatents. Pag6 6
Do¢u$lgn Envdope ID". 87F67E62-DE5&4487-AA4E-678921A039EC HOWARD DE WALDEN HOSTEL CHARITY BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Flxed assets Tanglble 88381$ Inv¢$tm¢nts 11 11.805 $8.722 14.712 56.401 12 70.527 71,113 Curi•nt ass•ts O¢btors Cash at bank and In hand 13 944 90.273 89,734 90.841 gxJ,678 Cury•nt Ilabllltl•s Credilofs: amcwjnts fallln9 du¥ wilhlll ontr year 14 {6,929} 18,0161 Net current ass•t• 83.912 84,662 Total a8¥•19 les• current IlabSlltl•8 1S4,439 155,775 Total net assets 1S4,439 155.775 Charlty funds Restrided fund5 UnrgStrf¢ted funds 16 16 154,439 155,775 Total funds 154,439 155,775 The finanual stat•m¥nts w8rg apFMDved and aullbjdsed fc* by iho TfUStoe$ and signed on Iheir behall by.. FT J F Ainsli• Dat&.. LL j The notgs on pages 8 to 19 form part of these financaal slatements. 20U- Page 7
Do¢u$lgn Envdope ID". 87F67E62-DE5&4487-AA4E-678921A039EC HOWARD DE WALDEN HOSTEL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 G•fi•ral Informatlon Howard de Walden Hostel charity is an UninDJryted charity regISted by Ihe Charity Commission Sn England and Wales and govemed by the Scheme dated 15 November 2010. The registered address 1$ given on the administrab"v6 details pagts ol these financial $talements. The financial statements are piesenled in sterfing which is Ihe luncbonal currency of the ¢harity 8nd rounded to th¢ fte8r85t pound. AG¢ountSng polS¢5•s 2.1 Basls ol pr•p•ratlon of finan¢l#l ¥tatsm•nts Thè financial $tatsm8nts have been prepared accordan¢g wilh the Charilitrs SORP IFRS 1021- Accounting and Roportin9 by Charities.. Stalern8nt of Recomrnended Practice 8pplieable to charities prèparlng their a¢¢ounts in accordance with the Financial ReporQ'ng Stsndard appllcable In Ihe UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021 and th8 Charities Act 2011. Howard De Walden Hostèl Charity meèts the dèfinition of a public nefit entity undèr FRS 102. Assets 8nd liabil¢lies arg initially r•¢ognised 8t hisiorieal eost or transaction value tsnles$ othèrwi$o staled In the rnlèvant a¢¢ounling poli¢y. 2.2 Golng cone•m Tru$lo¢s have ¢onsldered fvlly Ihe tharitys finanri81 posibon. Thtr Truslotss consider that there are no malerial uncertainitie3 about the charW$ ablltty lo continue as a gIn9 concem for the 10rnoeabFe future. 2.3 Incom• AJI incom6 Is recognised once thè Charity has entiuement to the income, il is probabl8 that th• Income 11 be receiv 8nd thè amount of Incom recèivable can be measured relIab. Grant$ 8re Ired in the Statement of financial 8¢tiwb&S on 8 ceIv8b1e ba$ls. The balance of income received for specific purposes t&Jt not e¥pended during the period is sh¢)wn in the relevanr ftjnds on the Balance sheet. Where irtcome is received in advance of enliuemenl of receipt, It5 recognition is delerred and induded In creditors as deferred income. Where entiuement OCCUf5 before income Is ceiVed. the Income is accrued. Income tsx recovera& In rdation to invosbnent income is reco9nised at the time the ¥nv&stmont incom8 Is r8cèivablè. Page 8
Do¢u$lgn Envdope ID". 87F67E62-DE5&4487-AA4E-678921A039EC HOWARD DE WALDEN HOSTEL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 AontIng poll¢ies {contlnuedl 2A Expendlture Expenditure is recognised once there is a legal or consifuciive oblatIon to transfer economic benefft to a third party. it is probable thal a lrnnsfer of eeonomic benefits will be reqvired in settlement and the amount ol the obligation can be measured reliably. Expenditure is classified by acti¥Aty. The tosts ol each activity are made up of the lotal of direct costs and shared costs, induding support costs involved In undertaking each ath"wty. Direct costs attributabla to 8 5ingl8 actiwty arè allal* direcuy to that activity. Shar8d costs which ¢ontribute to more th8n one activity and support Costs whlch are not attrlbulablè ki a $in919 activity are apportioned be¢ween those Bctivitses on a bas15 ¢onssslenl with lhe usè of wour¢es. Central staff cJJsts are aljocaled on the basls of tsme spenL and dgpreuation ¢hargos allo¢al8d on the porbon ol the asset's use. Expenditure on charitable activi15 is incurred on direclly underlaknng the actNities which further th8 Charitys objeclrves. as well as any assoaated support costs. l expendtture is indusNe ol lrncov•r8blo VAT. 2.5 Int•r•st r•c•lvabl• Interest on funds hald on d•poslt Is Induded when ree•fv•bl• 8rKI thè 8mount can bè moa8ured reliably by thè Charity, thls ss norrnally upon nobfi¢allon ol thè Intérèst pald or payablè by the Institu¥on w¢h whom ths funds dgkwited. 2.8 T•nglbltr flxed as$et$ and depreclatlon Tan9ible fixed assets Costing £500 or more are capitalised and recognised when future economlc benefjls are probable and the cost or value of Ihe assel can be measured lIablY. Tangible fixed assets are initialty recognised at cost. After recognition, under th8 cost model, tangiblo fixed assets are measufed at cost less accumulated depre0aln and any acojmulaled impairmènt losses. All costs inCurd to bring 8 tangN& fixat1 asset into its intended working condthon $h¢)uld be induded in th& m•asurem•nt of cost. Daprèdation b thar9 $0 as to alk¢ate tho $t of tsngible fixed a$s¥ts 18$$ tholr re$Klual value over their estimated useful lives. using the stTaight4ine method. DeprecAation is provhled on ihe fdlwng basls: Fieehold property 10% Stralght Llne 2.7 Inv•stm•nts Fixed asset investmènts 8re a fom) of fin8wal in$trumÈni and S initlally recopni5ed at Ihetr transaction cost and subsequenuy measured at fair value al the Balance sheet dat8. unless the value annot be measured reliably in whith case il is measured at cost les5 impairment. Investment gains and losses, ther realised or unreallsed, are combined and presented as 'GainsllLossesl on Investments. In the Slatement of fina31 actNib"8s. 2.8 Debtors Trade and other debt0 are TecTrJnised at the settlement arnount after any trade discyjunl offered. Prepayments are valued at the amount prepa net of any trade discounts due. Page 9
Do¢u$lgn Envdope ID". 87F67E62-DE5&4487-AA4E-678921A039EC HOWARD DE WALDEN HOSTEL CHARI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (contlnuedl 2.9 Cash at bank and In hand Cash 81 bank and in hand includes cash and short4emi highly liquid investments with 8 short rngturity ol three months Of less from Ihe date ol aUl$ll• or opening ol the depos11 or similar 8c¢ounL 2.10 Uabllbtl•s and provlslon• Llabilities are rewnised wher) Ihere is an obligation at Ihe Balance sheet date as a re5uII ol a past gV9nl. it is probable that a transler ol economic benefit will be required In seNlem8nl, and the arnounl of the se¢V8menl can te ests'mated rnliably. Liabilit5 are recognised at the amcwjnl Ihat the Charity antldpales il ¥11 pay to settle the debt ¢y the amount rt has received as advanced paymlS fof Ihè goods or s8fyTrcos tt must provJd8. Prowsions arè mèasured at thè b¢sl •$timal¢ ol thg amounts required 10 Settle the obligation. Where the affect ol thè ts"m* valu? ol money 15 m8leTral. Ihe provisK)n is b858d on th8 pr95ent value ol those amounts, discounl¢d at tho p-taX di5counl rale that renec¢s the risks specific to the liability. The unwindln9 of th8 ¢Ji5¢0unl 1$ Tecognised In Statement ol finanual actswts'es as 8 finance cost. 2.11 Fln•nel#l In$trum•nl¥ The Charity only has finanaal assets and financial IlabSllUes of a klnd that quallfy a5 basSc flnanclal In¥trurnents. Basic financial inslnjments are initially recognlsed at transaction value and subsequently measured al their settlement valu8 wth lh8 exception of bank loans whlch are $ub59quently measured al amorlised cost uslng Ihe effective Intefesl malhod. 2.12 Fund accountlng General funds are unrèstricted funds vthich 8re 8vai18blè for us• 8t Ihè dlscratlon of the Trustees furtheranc8 ol tha gèneral objecliv8s of th& Charity and whith havè rt aN dasi9naled lor olher purpos•s. Restn'cted lunds are funds which are to be used in accordan wsth specific restrictions imposed by donors or which have been raised by the Charity for par'Cl)Iar purposes. The c05t5 01 raising and adminisiering such fvnds are charged against the s1C lund. The ahn and us& of aach restri¢tgd fund is set out In thè notes lo tho finanaal statements. Investment In¢omè. gains and bsses arn atl¢¢ated lo the appmpriat¥ frjnd. Income from donatlon¥ and legackns Restrkted nds 2025 Total funds 2025 Totsl funds 2024 Grants 3,000 3.000 Page 10
Do¢u$lgn Envdope ID". 87F67E62-DE5&4487-AA4E-678921A039EC HOWARD DE WALOEN HOSTEL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from don*an$ and legacles {¢onUnuedl During the year. a restricted grant of £3.OCX) was received from The Cobtree Charity Trust. and was usod Ii)wards works lo the kilchen. Pagè11
Do¢u$lgn Envdope ID". 87F67E62-DE5&4487-AA4E-678921A039EC HOWARD DE WALDEN HOSTEL CHARITY NOTES TO THE FINANCIAL STATEPAENTS FOR THE YEAR ENDEO 31 MARCH 2025 Ineomè from ¢h3ritsbl¢ activit5es Unrestrlded fund5 202S Total fund5 2025 Total funds 2024 Board residence Lavndry Ele¢lra¢ mtrler 70,071 3.155 735 70.071 3,155 735 82,414 1,882 695 Totsl 2025 73,961 73,961 64.991 Tolal 2024 64.991 64.991 Inv•¥lm?nt Incom• Unrèstrleted funds 2025 Total funds 2025 Total fund3 2024 Dividends receivable from Investments And unlt trusls Bank inteie31 receivable 1.961 1.192 1,961 1,192 1,888 1,095 Totsl 2025 3.153 3,153 2,983 Totsl 2024 2.983 2,983 Page 12
Do¢u$lgn Envdope ID". 87F67E62-DE5&4487-AA4E-678921A039EC HOWARD DE WALDEN HOSTEL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2025 Anatysls of exp•ndiluro on charitable actlvltles Summary by fund type Unr•StrIct Restrlcted funds funds 2025 202S Total 2025 Total 2024 Charitable actiwties Govemanr 74,416 6.355 77,416 6,355 66,002 6.056 Total 2025 80,771 3.000 83.771 72.058 Total 2024 72.058 72,058 In ¢he w5or year, all expendIre was made from n$t¢t¢ funds. Summary by •xp•ndltur• typ• Stsff eost$ D•prg¢latlon Other costs 2025 2025 2025 Total 2025 Total 2024 Ch8rltable actlvffj•s Governancè 20,529 2.907 53.980 6.3S5 77.416 6.3SS 66,002 6,056 Total 2025 20.529 2.907 60.335 83,771 72,058 Total 2024 19,976 2.9)7 49.175 72,058 Page 13
Do¢u$lgn Envdope ID". 87F67E62-DE5&4487-AA4E-678921A039EC HOWARD DE WALDEN HOSTEL CHARI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 202S Analysis of •xp•ndltur• by attfvl¢ig$ Support ¢osts 2025 Total fvnd$ 2025 Total funds 2024 Charitable activit5 Gov•man 77.416 8,355 77,416 6.355 66,002 6.056 Total 2025 03.771 83.771 72,058 Totsl 2024 72,058 72,OS8 Analys14 of support eo•ts Charltobl• actlvlllgs Go¥•rn•n¢• 2025 2025 Tot41 funds 2025 Total funds 2024 Staff costs 20,529 2,907 169 4.155 5.747 10.101 31,918 1,324 138 20,529 2,907 169 4,155 .747 10.101 31.918 1.324 138 5,555 800 19,976 2,907 159 4,685 5,104 13,368 18.230 1.319 189 5,356 700 65 Depredation TV licen Ratès Insurar Light, heat and pow Repairs and maintenance T•lephontr, postage and stalionery Computer costs Independent Examlnerfs feè TreasurS salary SurKIry Bad d)ts 5.555 800 58 370 370 Toto12025 77.416 6.355 e3.771 72.058 Total 2024 66,002 6.056 72.058 P89è 14
Do¢u$lgn Envdope ID". 87F67E62-DE5&4487-AA4E-678921A039EC HOWARD DE WALDEN HOSTEL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Independent examlner's muneratIOn 2025 2024 Fees payable to the Charitys independent examiner for th& Independent examination of the Charitys annual acccwjnts Fe&s paydbte to the Charivs independent examiner in resped of PTepaTation of the annual slaluiory a¢cLnts and rèlate(l seThic¢$ 2,343 2,168 3,212 3.188 Staff costs 2025 2024 Wages and salartos 20,529 19,976 The average nLtmber of pwsons empsd by the Chadty durkng th• was as fofiows.. 2025 No. 2024 No. Employ8&s No employge rg¢eSved remunef8Uon ¥nk)unting lo more than £60,000 In $lth¥r year. The charity ¢onsiders Its key rnanagemont personntrl compn'se th6 Twsttrés and thè Tmasurer. The lolal empt0ent benefits of key rnanagement personnel were £80012024.. £7001 bging th8 honorariurn paid lo the Treasurer Isee below). All other trustees give freely their lime and experbse wthout any form of emoluments or reimbursemenl of expenses. 10. Trust••s' r•muneratlon and èxp•rts•s 2025 2024 Mrsmfv'ng Honcffaiium 800 700 During the year ended 31 March 2025. no Tnjstee expereS have been incurred12024- £NILI. Page 15
Do¢u$lgn Envdope ID". 87F67E62-DE5&4487-AA4E-678921A039EC HOWARD DE WALDEN HOSTEL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Tanglbl• flx•d a$sots Freehold property Cost or valu8tlon At 1 ADril 2024 109.856 At 31 March 2025 109,856 Dgpreelatlon Al l Aprll 2024 Charge for the ygar 95,144 2.907 At 31 March 2025 98,051 Net book value At 31 March 2025 11,80S Al 31 Mafch 2024 14,712 12. Flx•d •$$•t Inv•stm•nts Listgd Invgstm¢nts Cost or valuatlon At 1 Apnl 2024 Revaluallons 56,401 2,321 At 31 March 2025 $8,722 rhe above inveslments represent the chariws investrnenl in Blackrock Ch8T¢tte$ UK Equily Fund, holding of 7,736.807 shas12024- 7.736.807 shares). Page 16
Do¢u$lgn Envdope ID". 87F67E62-DE5&4487-AA4E-678921A039EC HOWARD DE WALDEN HOSTEL CHARrrY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Debtors 2025 2024 Due wlthln one year Trade debtors prepants And accrued incom 95 568 $68 944 14. Cr•dltors: Amounts talllng du• wlthln one y•ar 2025 2024 Othèr (ygdilors Acuuals and deferred incomtr 2,429 4,500 1,704 4.312 6,929 6,016 15. Flnonclal Instruments 2025 2024 Flnanclal ass•ts Financial assets m•asLtr•d 8118Sr valu• thrOh Inc¢m& and expondilure 58,722 56,401 Flnancial 8ssels measured al fair value through Sncome arml expènditure eomws• fixed as881 Invg8lm¢nt5 valued a( Iheir lair valvè at Ihe ar end. Page 17
Do¢u$lgn Envdope ID". 87F67E62-DE5&4487-AA4E-678921A039EC HOWARD DE WALDEN HOSTEL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. Statement ol funds Statement of funds- eurrent ygar Balan¢9 at 31 March 2025 Balanc• at 1 Aprfl 2024 Gains1 ILo$s9$1 Income Expgnditur• Unr•strSet•d funds Ro$8IVO$ 155,775 77.114 180.7711 2.321 154,439 Restrlct•d funds RoStrted Funds- all lunds 3.QOO {3,0001 Total of lund$ 1SS,775 80.114 {fy3.771} 2,321 154,439 Stat•m•nt of fund$ . prlor y•ar B81aneè 81 31 March 2024 Balance at 1 April 2023 Galnsl (Lossasl Incom• Exp&ndlture Unr•strlct8d funds 158,312 67.974 172,0581 1,547 155,775 Pagè 18
Do¢u$lgn Envdope ID". 87F67E62-DE5&4487-AA4E-678921A039EC HOWARD DE WALDEN HOSTEL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. Analysls ol net assets tw*•n funds Analysls ol net assets between tund¥- current year Unrestrfcted lunds 2025 Total funds 2025 Tangible fix assots Fixed asset investments Current asststs Crodllors du• wlthln ono Yd•r 11,805 58,722 90,841 16.9291 11,805 58,722 90,841 16,9291 Totsl 154.439 154.439 Anal1• of n•t as••ts bgtwo•n funds- prlof y•ar Unrestrlcted funds 2024 Total funds 2024 TaThJlb16 fix•d ass8ts Flxed asset Investments Current 8ssgls credito t1u8 Within one raor 14.712 56,401 90.678 16.0161 14.712 56,401 90,678 16.0161 Total 155.775 155,775 18. Related party transacllons Dulring tho year the trust88 Mr S M Ring. In hls ml8 as Treasurer. rece+v8d 8 small honorartum of £800 12024 - £7). Page 19