THE HEADIEY COURT CHARITY The Trustees, Annual Report and Accounts For the Year Ended 31 Dember 2024
THE HEADLEY COURT CHARITY TRUSTEES. ANNUAL REpoKf AND ACC(XINTS FOR THE YEAR ENDING 31 DECEMBER 2024 CHAIRMAWS INTroixicfioN In 2024 the Trustees continued to disperse the assets of the Charity by making grants to amed forces charitie5 whose purposes are comparable with the objects of the Charityi principally rehabilrtation. research and wellbeing. They also sought legal advi aboLrt the most appropriate ways in which they could wind up of the Charity, or merge it wwth a charity wlth similar objects, or allow it to continue In exlstertce with new trustee5 or a corporate trustee. They hope that this proce wlll be completed in 2025. The Headley Court Charity was established undera Charity Commission Stheme fjated l AprS11968 and subsequentFy amended by a Charity Commi5Ston Schemes dated 17 October 2[1, 11 July 2017 and 29 July 2020 and a resolution passed by the Trustees on 31 Juty 2019. The Charity is governed and managed by a Board of Trustees. who are supported by their UerL The Scheme ststes that the should be at least three trustees. induding an ex-offiuo trustee who shall be on Air Officer from the Royal Air Force appointed by the Chief ofthe Air Staff. a person nominated by the Royal Air Force Benevolent Fund. and one or two c(Tropted trustees. èll of whom seNe for a period of five years. Followin8 the resignation of Air Marshal wa0Th in October 2023. the Chief of the Air Staff elected not to appoint a replacement given the Impending demlse of the charity. All the current trustees have been appointed or re-appointed in the last five years. OBJEcrs The objects of the Charlty are." (l) The rehabilitation of 5ervin& resefft and auxiliary members and veterdns of the Armed Forces of the Unitsd Kingdom (the neficIanes1. {21 Research into the medical rehabilitstion of servin& reserve. and auxiliary members and veterans of the Affld Forces of the United KirEdom. 13)The relief of hardship of the benefitiaries and their families. OBJECtIVES AND ACTivmES FCMI THE PUBUC BENEFIT The Trustees gave careful consider4tion to the Charity COMMI10n.5 geneftl guidance on public benefit when reviewing the ChariVs aims and objectives and in pnnIng future activities. In parttcular. the Trustees considered how arry8fdnts they make would contribute to the Chari$ airn5 and objettives. In 2024 the Trustees paid a grant of £363.LKfJ to The Not Forgotten. whith will fund thelr Adaptive Ski Programme for the next three yeats. They also paid a grant of £2(KI,(KM) to HighGround. whid) will fund an additional horticultural therdpist at DMRC Stanford Hall for the next 5 year The Tru5tees' main objectives for 2024 We to To wind up the charity: or To rnerge the charlty with a charity of comparable purse." or To continue the tharity. possibly by appointi another charity to att as a corporate tfustee While they failed to achieve these objectives. continued to make progress towards their achievement by agreeing to assign the benefit of the overa8e and clawback rights ar155n8 from the sale of the Headley Court Estate to the ADVANCE Charity and by enteri{ into exploratory negotiations with a nurnber of militsry charitpes.
THE HEADLEY COURT CHARITY TRUSTEES. ANNUAL REPORT AND Accoupifs FOR THE YEAR ENDING 31 DECEMBER 2024 PiANS FOR FimiRE PERIODS The Trustees, objertives for 2025 are: To wind up the charity, or To merge the charwty with a charity of comparable purpose" or To continue the chartty, posstbly by appointing another charity to act as a corporate trustee, or new trustee5. FINANCIAL REVIEW The Statement of Financial ArtNitses is set out on page 7 and show5 a net deficit of £595,47812023: net deficit of £55,491). Income for the year amounted to £79.94612023- £73.772). Expenditure on charitable activities amounted to £675.42412023- £129,263). RESERVES The Tru5tees' reserves )liCY is to hold in reserve suffint funds to cover the costs of winding up the Charity. srAFFING The Trustees wsh to thank the aerk for her work in 2024.
THE HEADLEY COURT CHARITY TRUSTEES, ANNUAL REPORT AND Accoupifs FOR THE YEAR ENDING 31 DECEMBER 2024 REFERENCE AND ADMINISTRATIVE INFORMATION Name: The Headley Court Charity- also known as the Headley Court TrusL Rezlrtered Charlty Number. 256382 Princlpal Addre55: C/0 16 Westpoint, 49 Putney Hill, London SW15 6RU Trustees Air Vice-marshal J. stsbles CBE FRAeS (Chairman) Mr M. S. Debens Air Commodore P. J. Hughesdon MBE ae.. Ms K. TkIand BA (Honsl FRSA Solicitor&' Bates We115 LLP 10 Queen Street Place, London EC4R IBE Downs Solicitors LLP The Tanners, 75 Meadrow, Godalming Surrey. GU7 3HS Banker5: CAF (Charities Aid Foundation) 25 knngs Hill Avenue Kings Hill West Malling Kent ME19 4TA Investment Manager5: CCLA Senator House 85 Queen Wittoria Street London EC4V 4 Independent examlners= Moore Kingston Smith LLP 9 Appold Street London EC2A 2AP
THE HEADLEY couirr CHARrrY TRUSTEES. ANNUAL REPORT AND ACCOUPTrd FOR THE YEAR ENDING 31 DECEIIBER 2024 STATEMENT OF TRusfEEY RESPONBlUTIE5 The Tnjstees are resrM)rsible for preparing the Annual Report and the financial statsments in accordance with applicable lawand United ngdoM Accountingstandards (United ngdoM Generally Accepted Accounting Practi). The law applicable to c1¥3rities in EnBland and Wales requires the Trustees to prepare financial statements for each financial year which give a t and fair view of the stste of affrdirs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these financlal ststements. the Trustees are requlred to: Select suitable accounting policies and then appty them consistertly. ObSee the methods and princtples in the Charities SORP: Make judgements and estÉmates that are reasonable and prudent." stste whether applicable UK Accounting Stsndards have been followed. subject to any material departures disclosed and explained in the financlal statements- Prepare the financial statements on the goitvd conrn basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping proper accounting records that disclose with rea50nable accuracy at any time the financial position of the Charity and enable them to ensure that the financial staternents comply with the CharTties Act 2011. They are also responsible for safeguarding the assets of the CharFty and hen for tsking reasonable steps for the prevention and detedion of frdud and other irregularwties. This report was approved by the Trustees on 22 July 2025. Air e-marshal Anthony Stsbles CBE FRAeS Ichairrnan)
THE HEADLEY COURT CHARITY TRUSTEES, ANNUAL REPORT AND ACC(XINTS FOR THE YEAR ENDING 31 DECEMBER 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HEADLEY coulrr CHARITY I report to the trustees on my examination of the accounts of the above charity forthe year ended 31 December 2024. ReSp1b11ltIes and basis OF report As the chariws Tru5tee5 you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 {'the ACY). I report In respect of rny examination of the CharitWs accounts carried out under section 145 of the 2011 Act and in carrying Out my examination I have followed all the applicable Directions gNen bv the Charity Commission under section 145(5)Ibl of the ACL Independent Examlnerfs statement I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination which gives me (3use to believe that in any material respect,. the accounting records We not kept in accordance with section 130 of the Charities Act: or the accounts do not accord wtth the accounting records: or the accounts do not comply wtth the applicable requirements ConmIng the form and content of actounts Set in the Charities {Accounts and Reports) ReguEaii0rns 2(X)8 other than any requirement that the accounts give a 'true and fairf view which 15 not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection wtth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. . LLP Adam Fullerton FCA DChA For and on behalf of Moore Kingston Smith LLP 6th Floor 9 Appold Street London EC2A 2AP Date-.
THE HEADLEY COURT CHARtrY TRUSTEES, ANNUAL REpoirr AND ACC(XJPtrs FOR THE YEAR ENDNG 31 DECEMBER 2024 2023 Donations 256 236 Legaoes 10.333 500 Interest 69,357 73.036 Total Income 79.946 73.772 Expenditure on drtIable tIVItIeS 675.424 129.263 Movement In funds 1595A78) 155.4911 Total funds brou8ht forward at l January 2024 1,695,361 1,750,852 Totsl fvnds carried forward at 31 Dember 2024 4 1.099.883 1,695 361
THE HEADLEY COURT CHARrrY TRUSTEES. ANNUAL REpoirr AND ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2024 Balan Sheet as at 31 December 2024 2023 CURRENT ASSEts Cash at Bank 1.21)3.771 1.799.380 CURRENT UABILrnES Grant creditors Accruals 1101.854) 18.0341 I1(M).(l {4.019) NET CURRENT ASSETS 1.099.883 1,695,361 TOTAL NEf ASSErs I,(VJ9.883 1.695,361 Represented ty. GENERAL FUND i.LYJ9,883 1.695.361 1,099 1.695.361 Approved by the Trustees on 22 Juty 2025 and ened on their half by: Air Vice-marshal A J Stables CBE FRAeS {Chaimianl The notes on pages 9 and 10 forni an integral part of these accounts.
THE HEADLEY COURT CHARrrY TRUSTEES. ANNUAL REPORT AND AccouKfs FOR THE YEAR ENDING 31 DECEMBER 2024 I. ACCOUNnNG pouaES a) Basls of Accountinr. The financial ststements have been prepared under the historical cost convention as modified to include the revaluation of investmentg. Th@ gtatement of attounts has been prepared in accordan with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021. The financial statements have been prepared in accordance with the Statement of Recommended PractI- Accounting and Reporting by Charities pparIng their accounts in accordance with the Finanaal Reporting Standards applicable in the UK and Republic of Ireland IFRS1021 issued on 16 July 2014 and the Financial Reporting Stsndard applicable in the United knngdom and Republic of Ireland IFRS102) and the Charities Att 2011. The Charity constitute5 a public benefrt entity as defined by FRSIO2. Going COnrn. The Trustees, hawng previously decided to wind up the Charity following the sale of the Headley Court estate in May 2019. have now decided to continue the charity. After making enquiries the trustees have concluded that there Is a reasonable expectation that the charity has adequate reSouS to continue in operational existence for the foreseeable future. Therefore the accounts have been prepared on a ~goin8 concem" basi5. b) Income: Income is recognised when there is entitlement to the fijnds, the ceipt Is probable, and the amount can be measured reliably- Donation5 are recognised in full in the Statement of Financial Attivtties in the year in which they are recer¥able. Bank interest rs accounted for on an accrua15 basi5. c) Resources Expended: Liabilities a recognised as resources expended as soon as there is a legal orconstructive obligation tommittingthe Charityto the expenditure. All expenditure is accounted for on an accnJals basis and has been classified under headings that aggregate all costs related to the category. The following accounting policies are applied to the different categorie5 Of expenditure:
Costs of charitable arti¥ity' These relate to charitable expenditure and the support costs of the Charity- Charitable expenditure is recognised when it is incurred. Support costs are made up of professional fees. administrative and governare costs. Governan costs are incurred to ensure good public accountsbility and compliance with re8ulation and good practi. d) Flnandal Instruments: The charity hasfinancial assets arKI liabilttses of a kind that qualify as basic financtal instruments. Basic financial instruments are initially recognised at transaction value and subsequendy measured at their settlement value. e) Cash arrfl cash equi¥alents: Cash and tash equivalents include cash in hand, depostts held at call with banks and other short-temi liquid investments with or¥inal maturities of three months or less. Criti(al affountin8 estimates and ar¢as of jud6ements- In the VFew of the trustees in applying the accounting policies adopted. no judgements were required that have a significant effect on the amounts recognised in the financial statements Tror do any estimates or assumptions made carry a Significant risk of material adjustment in the next finantial year.
THE HEADLEY COURT CHARITY TRUSTEES, ANNUAL REpoKf AND ACCOUltrs FOR THE YEAR ENDING 31 DECEMBER 2024 2023 Charitable expenditure Professional fees 664,854 120,336 4.225 2.195 Alministrative expenses Total expendlture 6.345 6.732 675.424 129.263 3. CREDITORS 2023 Other accruals 3.150 Grant credrtors 101.854 Icx).(xx) Professional fees 4.728 Total 109W8 104.019 MOVEMENTOF RESERVES 2023 General Fund Balan browdht forward 1.695.361 1.750.852 Incoming Resour$ for the year Outgoin8 Resour for the year Balance carried forward 79.946 73.772 1675,424} 1129,2631 1,695.361 I.09985 5. TRUSTEES. EXPENSE5 Induded in administrative expenses are payments reimbursed to 312023: 3) Trustees durir8 the year whrch amounted to £73712023." £1.248). In January 2024. a grant of £ILM).fKrf) was paid to The Royal Air Forte Benevolent Fund in recognttion of their historlc support to the Charity. Air Commodore PJ. Hughesdon had been a member of the Fund's Key Management Personnel but left their employ in June 2023," he remains the Fund's nominated trustee. £Nil (2023: £IIX),(KK)I was accrued at year end. io