| CONTENTS | PAGE |
|---|---|
| Legal and administrative information | 1 |
| Report ofthe trustees | 2 |
| Report ofthe independent auditors to the trustees | 10 |
| Statement offinancial activities | 15 |
| Statement offinancial position | 16 |
| Notes to the financial statements | 17 |
| Legal and administrative information | |
|---|---|
| Trustees | Mrs S M Collinson |
| Mrs ML Hall | |
| Mr N Hall | |
| Mr P Morgan | |
| Mrs C Footer | |
| Accountants, administrators | FCM Limited |
| and correspondence address | 2" Floor, International House |
| 41 The Parade | |
| St Helier | |
| Jersey, Channel Islands | |
| JE2 3QO | |
| Statutory auditor | Streets Audit LLP |
| Chartered Accountants | |
| Tower House | |
| Lucy Tower Street | |
| Lincoln | |
| LN1 1XW | |
| Bankers | Butterfield Bank Jersey |
| IFC6, IFC Jersey | |
| St Helier | |
| Jersey, Channel Islands | |
| JE4 5PU | |
| Discretionary investment | Odin Investment Management Limited |
| managers | Centenary House |
| La Grande Route de St Pierre | |
| St Peter | |
| Jersey, Channel Islands | |
| JE3 7AY | |
| Investment custodians, | UBS Wealth Management AG |
| nominees and bankers | IFC1 |
| St Helier | |
| Jersey | |
| Channel Islands | |
| JE2 3BX | |
| Charity number | 270775 |
5 APRIL 2025
THE GREEN HALL FOUNDATION
REPORT OF THE TRUSTEES
6--
The Trustees present their Report and audited financial statements for the year ended 5 April 2025. The financial statements have been prepared in accordance with the accounting policies as set out on pages 17 to 19 to comply with the charity's trust deed and applicable law.
Governing document
The name of the charity is "The Green Hall Foundation", ("the Foundation"), previously known as the "Constance Green Foundation," Registered Charity Number 270775.
The governing instrument is a Deed of Settlement dated the 8th day of January 1976 ("the Trust Deed") as amended by an order of the Charity Commissioners dated 14 November 1996. The Foundation was formally re-named on 7 May 2013.
The Foundation's objectives and principal activities are stated in the Trust Deed as:
"The capital assets of the Foundation are held in trust at the Trustee's discretion to pay or apply the same or any part or parts thereof to or for the benefit of such one or more bodies, trusts, associations, institutions or organisations recognised as charitable by the laws of England ("the Charities") as the Trustees shall from time to time in their absolute discretion determine and subject thereto upon trust to pay or apply the income arising therefrom to or for the benefit of any one or more of the charities as they may in their absolute discretion determine."
Recruitment, appointment, induction and training of trustees
The Trustees who served throughout the period under review are Mr N Hall, Mr P Morgan, Mrs S M Collinson, Mrs ML Hall and Mrs C Footer.
As no original trustees remain on the Board of Trustees the statutory power of appointing new trustees is vested in the continuing trustees or trustee for the time being or the personal representatives of the last surviving or continuing trustee.
New Trustees are given relevant information on the Foundation and also on the responsibilities and duties of trustees as set out in Charity Commission guidelines.
Risk management
The Trustees have comprehensively reviewed the risk management of the Foundation and they are satisfied that procedures are in place to minimise any risks posed to the charity.
The Trustees consider the variability of investment returns as the charity's major financial risk and recent extreme world markets has demonstrated this risk. This is mitigated by retaining expert investment managers, Odin Investment Management Limited. By taking into account the outlook for investment returns and co-relating the level of grants made, the Trustees consider this approach will facilitate a long term future for the Foundation to grant awards.
The major operational risk is the extent and level of the grant awards. The current process of carefully vetting grant applicants helps the Foundation to retain focus on the public benefit derived from its grant funding.
2
THE GREEN HALL FOUNDATION
REPORT OF THE TRUSTEES (continued)
5 APRIL 2025
Objectives and activities
The objective of the Green Hall Foundation is to sustainably improve lives: among the sick, the elderly, the homeless, the disabled and the disadvantaged particularly in the UK.
-
[The funds distributed by the Foundation are broadly equivalent to income generated, in order to ]
-
/.-
-
6[·� ] preserve the Foundation's capital and to ensure a sustainable future. The Trustees seek to distribute approximately £175,000 at each meeting and have approved to meet any shortfall in income from the Foundation's capital.
Strategy for achieving objectives
Funds are dispersed by the Foundation by agreement of the Trustees. The Trustees meet generally bi-annually to consider applications, distribute funds and to review the management and performance of the underlying assets of the Foundation.
The composition of Trustees is reviewed regularly in order to secure the Foundation's objective to sustainably provide charitable support. Trustees are appointed for a 3 year term, at the end of which the Trustees are invited to continue as a Trustee for a further 3 year period.
Preference is given to appeals that will make a tangible difference to the relevant charity (for example, where the Foundation can meet a significant proportion of the funding required); and to funding that will make a lasting difference (for example, where permanent equipment is needed or building required) as opposed to funding that meets the purpose of recurring running costs (for example salaries). No donation by the Trustees exceeds 10% of the total given in a twelve month period. An experienced administrator is employed to collate applications, and to perform due diligence at a level appropriate to a charity of this scale.
Criteria or measures to assess success in reporting period
A systematic record is kept of all correspondence with recipient charities and these are reviewed by the Trustees before each meeting.
A number of long term relationships are maintained by the Foundation with UK registered charities that have received regular support from the Foundation. Trustees visit these and other charities on an ad hoc basis and are briefed about the impact of the gifts made. The Trustees have the ambition to visit any charities that are recipients of major donations.
The Foundation operates in a manner designed to preserve the capital value of the underlying assets.
Grant making policy
Charitable grants are advanced mainly, but not exclusively, to national organisations in the fields of social welfare and medicine with special emphasis on the support of young people in need and also both mentally and physically disabled persons.
Preference is given to making grants to assist in funding special projects being undertaken by charities rather than grants to supplement funds and salaries used for general purposes. In considering all appeals for major grants the trustees will take into account, where appropriate, the financial reserves of the applicant charity.
4
THE GREEN HALL FOUNDATION INDEPENDENT AUDITORS REPORT TO THE TRUSTEES (continued) 5 APRIL 2025 Use of our report This report is made solely 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 stale to the charily's members those matters we are required to state to them in an audilorts report and for no other purpose. To Ihe 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. Slr8els Audit LLP Chartered Accountants & Statutory Auditor Tower House Lucy Tower Street Lincoln LN1 1XW 25 Novernber 2025 14
| Unrestricted | Unrestricted | 2025 | 2024 | |||||
|---|---|---|---|---|---|---|---|---|
| income | capital | Total | Total | |||||
| £ | £ | £ | £ | |||||
| Notes | ||||||||
| INCOME AND ENDOWMENTS | ||||||||
| Investment income | 2 | 534,774 | 534,774 | 487,528 | ||||
| Total income | 534,774 | 534,774 | 487,528 | |||||
| EXPENDITURE ON | ||||||||
| Raising.funds | ||||||||
| Investment management fees | 3 | 27,626 | 27,626 | 55,252 | 53,081 | |||
| Charitable activities | 4,5 | & | 6 | 442,349 | 23,849 | 466,198 | 359,280 | |
| Other | ||||||||
| Governance costs | 5&7 | 20,205 | 20,205 | 40,410 | 32,346 | |||
| Total expenditure | 490,180 | 71,680 | 561,860 | 444,707 | ||||
| Net income/(expenditure) | 44,594 | (71,680) | (27,086) | 42,821 | ||||
| Other recognised gains and losses | ||||||||
| Realised (losses)/gains on investments | 8 | (59,888) | (59,888) | (11,962) | ||||
| Unrealised (losses)/gains on investments | 8 | (128,042) | (128,042) | 792,626 | ||||
| Other gains I (losses) | ||||||||
| Exchange gains/(losses) | 131 | 131 | 262 | (11,323) | ||||
| Total recognised gains and losses | 131 | (187,799) | (187,668) | 769,341 | ||||
| Net movement in funds | 44,725 | (259,479) | (214,754) | 812,162 | ||||
| Reconciliation of funds | ||||||||
| Total funds brought forward 06 April | 2024 | 247,043 | 10,414,403 | 10,661,446 | 9,849,284 | |||
| **Total funds carried forward 05 April ** | 2025 | 291,768 | 10,154,924 | 10,446,692 | 10,661,446 |
| Notes | 2025 | 2024 | |
|---|---|---|---|
| £ | £ | ||
| FIXED ASSETS | |||
| Investments at marketvalue | 8 | 10,204,963 | 10,420,577 |
| CURRENT ASSETS | |||
| Cash at bank/broker | 9 | 248,087 | 240,795 |
| Debtors | 10 | 29,842 | 33,280 |
| 277,929 | 274,075 | ||
| LIABILITIES | |||
| Creditors falling due within one year | 11 | 36,200 | 33,206 |
| NET CURRENT ASSETS | 241,729 | 240,869 | |
| TOTAL NET ASSETS | 10,446,692 | 10,661,446 | |
| THE FUNDS OF THE CHARITY | |||
| Unrestricted income funds | |||
| Capital account | 10,154,924 | 10,414,403 | |
| Income account | 291,768 | 247,043 | |
| UNRESTRICTED FUNDS | 12 | 10,446,692 | 10,661,446 |
| 2. | INVESTMENT INCOME | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| Dividends - UK equities | 149,576 | 201,573 | |
| Interestbank deposits | 6,286 | 11,741 | |
| Interest fixed interest securities & funds | 378,912 | 274,214 | |
| 534,774 | 487,528 | ||
| 3. | INVESTMENT MANAGEMENT FEES | 2025 | 2024 |
| £ | £ | ||
| Investment management fees, inclusive ofcustodian charges | 55,252 | 53,081 | |
| This is split equally between capital and income. |
| 4. | GRANTS AWARDED | 2025 | |
|---|---|---|---|
| £ | |||
| Grants from income: | |||
| A Second Chance | 2,000 | ||
| Abbeyview Day Centre | 2,000 | ||
| Accessible Arts and Media | 3,000 | ||
| Acorns | 3,000 | ||
| Action For Kids Charitable Trust | 3,000 | ||
| Aid Box Community | 2,000 | ||
| Alder Hey Children's Charity | 3,000 | ||
| AmandiaTrust | 3,000 | ||
| Ardgowan Hospice | 2,000 | ||
| Avon Youth Club | 2,000 | ||
| Barking and Dagenham Youth Zone | 3,000 | ||
| Barnfield Ridingforthe Disabled | 4,000 | ||
| Birmingham Care Centre | 6,500 | ||
| Book Club for Schools | 2,000 | ||
| Bright Ideas forTennis | 2,000 | ||
| British Disabled Angling Association | 5,000 | ||
| Bromley Brighter Beginnings | 4,000 | ||
| Candlelighters Trust | 4,000 | ||
| Caresco | 2,000 | ||
| Castle Point Social Care Scheme | 3,000 | ||
| Cataracts are Curable | 3,500 | ||
| Catholic Children's Society | 5,000 | ||
| Chailey Heritage Foundation | 5,000 | ||
| Chapter One U.K. Limited | 3,000 | ||
| Child.Org | 3,000 | ||
| Childaid Eastern Europe | 2,000 | ||
| Community Action Ghana | 5,000 | ||
| Corinne Burton Memorial Trust | 2,000 | ||
| Cornwall Partnership Foundation Trust | 3,000 | ||
| Coventry Rugby Community | 5,000 | ||
| Sub-total carried forward | 97,000 | ||
| 20 |
| 4. | GRANTS AWARDED (continued) | 2025 |
|---|---|---|
| £ | ||
| Sub-total brought forward | 97,000 | |
| Crohns and Colitis | 5,000 | |
| Crossroads Derbyshire | 5,000 | |
| Croydon Refugee Day Centre | 3,000 | |
| Dig In | 3,000 | |
| Ellen MacArthurCancerTrust | 5,000 | |
| Erskine Hospital | 3,000 | |
| Frank Water | 2,000 | |
| Friends ofAshton | 2,000 | |
| Glasgow Children's Hospital Charity | 4,000 | |
| Guide Dogs forthe Blind | 4,000 | |
| Hartcliffe Club for Young People | 2,000 | |
| Hastings and Bexhill Mencap Society | 4,000 | |
| Heart ofKent Hospice | 3,000 | |
| Helm Training Limited | 2,000 | |
| Hestia Housing and Support | 3,000 | |
| Hinkley Christian Community Action | 10,000 | |
| Hope House Children's Hospice | 5,000 | |
| Horatio's Garden | 4,000 | |
| lckle Pickle | 4,000 | |
| Imago Dei | 2,000 | |
| Imperial Health Charity | 3,000 | |
| IntegratedNeurological Services | 2,000 | |
| Isabel Hospice | 5,000 | |
| James HopkinsTrust | 3,000 | |
| Katharine House Hospice | 5,000 | |
| Kids Konnect | 2,000 | |
| Link Foundation | 10,000 | |
| London Wheelchair Rugby Club | 5,000 | |
| Meadows Day Centre | 5,000 | |
| MND Association | 2,000 | |
| Sub-total carried forward | 214,000 |
4. |
GRANTS AWARDED (continued) | 2025 |
|---|---|---|
| £ | ||
| Sub-total brought forward | 214,000 | |
| Moorfields Eye Charity | 10,000 | |
| Mountbatten Hampshire | 2,000 | |
| Noah's Ark Children's Hospice | 4,000 | |
| Oasis Hub Hull | 2,000 | |
| Our Kids First | 4,000 | |
| Overgate Hospice | 4,000 | |
| Perkisound | 3,000 | |
| Pilgrims Hospices in East Kent | 5,000 | |
| Porridge and Pens | 3,000 | |
| Prisoners Education Trust | 2,000 | |
| Project Harar | 3,000 | |
| Queen Elizabeth Foundation | 3,000 | |
| REACT | 4,000 | |
| Revive MS Support | 3,000 | |
| Rising Stars Young People | 4,000 | |
| Rotary Club ofChichester Harbour | 3,000 | |
| Rowan Humberstone | 3,000 | |
| Royal British Legion Industries | 3,000 | |
| Royal National Missionto Deep Sea Fishermen | 5,000 | |
| Salvation Army | 25,000 | |
| Separated Child Foundation | 5,000 | |
| Slough FortPreservation Trust | 2,000 | |
| SouthMoltonand DistrictVolunteer Bureau | 5,000 | |
| South West Community Transport | 2,000 | |
| Sparks ofSuccess | 2,000 | |
| Spread Some Sunshine | 3,000 | |
| St Barnabus House Hospice | 4,000 | |
| St Gemma's Hospice | 2,000 | |
| St Helens Sea Cadets | 3,000 | |
| Sub-total carried forward | 337,000 |
| 4. | GRANTS AWARD ED (continued) | 2025 |
|---|---|---|
| £ | ||
| Sub-total brought forward | 337,000 | |
| StJoseph's Hackney | 3,000 | |
| St Vincent Hospice | 4,000 | |
| Sussex MS Centre | 2,000 | |
| SwanseaMAD | 3,000 | |
| Teeside Hospice | 2,000 | |
| Thames Valley AirAmbulance | 3,000 | |
| The Connection at StMartins inthe Field | 25,000 | |
| The Douglas Bader Foundation | 3,000 | |
| The East Lancashire Hospice | 3,000 | |
| The Fed | 2,000 | |
| Vision Care | 4,000 | |
| Wakefield Hospice | 3,000 | |
| Wallace and Gromit's Charitable Foundation | 4,000 | |
| Warwickshire Wheelchair Basketball Academy | 2,000 | |
| Welsh AirAmbulance | 2,000 | |
| West Coast Crash Wheelchair Rugby | 3,000 | |
| West Heath Community | 2,500 | |
| Wheelyboat | 5,000 | |
| Whizz Kids | 3,000 | |
| Young Lives vs Cancer | 3,000 | |
| Total grants from income | 418,500 | |
| Total grants from capital | ||
| Total grants | 418,500 | |
| 2024 | ||
| £ | ||
| Total grants from income | 314,250 | |
| Total grants from capital | ||
| Total grants | 314,250 |
| Charitable | ||||
|---|---|---|---|---|
| Total | Governance | activities | ||
| allocated | (Note 7) | (Note 6) | Basis of | |
2025 |
2025 | 2025 | apportionment | |
| £ | £ | £ | ||
| Administration, | ||||
| accountancy & | 80%charitable | |||
| office expenses | 59,622 | 11,924 | 47,698 | activities |
| Charitable | ||||
| Total | Governance | activities | ||
| allocated | (Note 7) | (Note 6) | Basis of | |
2024 |
2024 | 2024 | apportionment | |
| £ | £ | £ | ||
| Administration, | ||||
| accountancy& | 80%charitable | |||
| office expenses | 56,288 |
11,258 | 45,030 | activities |
| Allocation | Total | Total | |||
|---|---|---|---|---|---|
| Grant | of50%of | income | income | ||
| Sector | funded | support | fund | fund | |
| % | activity | costs | 2025 | 2024 | |
| £ | £ | £ | £ | ||
| Grants from income | |||||
| Medical and social care | 22 | 94,000 | 5,357 | 99,357 | 66,657 |
| Disabledandaged | 27 | 112,000 | 6,382 | 118,382 | 104,700 |
| Homeless | 8 | 32,000 | 1,824 | 33,824 | 28,934 |
| Childrenand young persons | 34 | 144,000 | 8,206 | 152,206 | 117,720 |
| Churchand community projects | 9 | 36,500 | 2,080 | 38,580 | 18,754 |
| 418,500 | 23,849 | 442,349 | 336,765 |
| Capital | Total | Total | |||
|---|---|---|---|---|---|
| Total | 50%of | charitable | charitable | ||
| Sector | income | support | activities | activities | |
| % | 2024 | costs | 2025 | 2024 | |
| £ | £ | £ | £ | ||
| Grants from income | |||||
| Medical and social care | 22 | 99,357 | 5,357 | 104,714 | 71,114 |
| Disabled andaged | 27 | 118,382 | 6,382 | 124,764 | 111,700 |
| Homeless | 8 | 33,824 | 1,824 | 35,648 | 30,868 |
| Children and young persons | 34 | 152,206 | 8,206 | 160,412 | 125,590 |
| Church and communityprojects | 9 | 38,580 | 2,080 | 40,660 | 20,008 |
| 442,349 | 23,849 | 466,198 | 359,280 | ||
| Grants from capital | |||||
| Medical and social care | |||||
| Disabledandaged | |||||
| Homeless | |||||
| Children and young persons | |||||
| Church and community projects | |||||
| Total Charitable Activities |
7. |
ANALYSIS OF GOVERNANCE COSTS | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Trustees' expenses | 10,404 | 6,572 | |
| Auditors' remuneration | 6,540 | 5,600 | |
| Administration, accountancy &sundry (referto note 5) | 11,924 | 11,258 | |
| Legal and professionalfeesdatabase development | 11,542 | 8,916 | |
| 40,410 | 32,346 |
| 8. | FIXED ASSET INVESTMENTS | ||
|---|---|---|---|
| Movement in fixed asset investments | 2025 | 2024 | |
| £ | £ | ||
| Market value at beginningoftheyear | 10,420,577 | 9,346,860 | |
| Additions at cost | 1,349,618 | 1,820,514 | |
| Disposal proceeds | (1,377,302) | (1,527,461) | |
| Net investment gains/(losses):- | |||
| Realised | (59,888) | (11,962) | |
| Unrealised | (128,042) | 792,626 | |
| Market value at the end of the year | 10,204,963 | 10,420,577 | |
| Historical cost at the end of the year | 8,962,415 | 9,019,697 | |
| Investments at market value comprised: | |||
| Equities and funds | 5,406,388 | 5,475,152 | |
| Fixed asset securities | 4,798,575 | 4,945,425 | |
| 10,204,963 | 10,420,577 | ||
| UK investments | 1,873,863 | 1,891,207 | |
| Overseas investments | 8,331,100 | 8,529,370 | |
| 10,204,963 | 10,420,577 |
| Investment | Shareholding | %Total | Market value |
|---|---|---|---|
| market value | 2025 | ||
| £ | |||
| AegonHigh YieldGlobal | 272,000 | 12.07% | 1,231,562 |
| Bond A GBP | |||
| Pimco Global Investors Series Pie Income | 140,000 | 11.36% | 1,159,200 |
| Fund GBP | |||
| BAE Systems Pie | 35,120 | 5.22% | 532,946 |
9. |
CASH AT BANK | Account | 2025 | 2024 |
|---|---|---|---|---|
| £ | £ | |||
| Capital | ||||
| UBS AG, Jersey (GBP& EUR& USO) | Deposit | 44,025 | 35,844 | |
| Income | ||||
| UBS AG, Jersey (GBP, EUR& USO) | Deposit | 178,006 | 168,111 | |
| Butterfield BankJersey | Call | 26,056 | 36,840 | |
| 204,062 | 204,951 | |||
| Total cash at bank | 248,087 | 240,795 | ||
| 10. | DEBTORS | 2025 | 2024 | |
| £ | £ | |||
| Capital | ||||
| Loan receivable from the Executors ofC V Green | 29,842 | 28,530 | ||
| Prepaid Trustees' expenses | 4,750 | |||
| 29,842 | 33,280 |
| 11. | ANALYSIS OF CURRENT LIABILITIES: | ||
|---|---|---|---|
| Creditors under one year | 2024 | 2023 | |
| £ | £ | ||
| Income | |||
| Custodian fees | 1,133 | 1,080 | |
| Investment management fees | 5,870 | 5,987 | |
| Administration fee and sundry expenses | 7,993 | 6,836 | |
| Auditfee- Streets Spenser Wilson (Yorkshire) Limited | 3,000 | 2,700 | |
| Database maintenance | 104 | ||
| 18,100 | 16,603 | ||
| Capital | |||
| Custodian fees | 1,133 | 1,080 | |
| Investment management fees | 5,870 | 5,987 | |
| Administration fee and sundry expenses | 7,993 | 6,836 | |
| Auditfee Streets Spenser Wilson (Yorkshire) Limited | 3,000 | 2,700 | |
| Database maintenance | 104 | ||
| 18,100 | 16,603 | ||
| Total income and capital current liabilities | 36,200 | 33,206 |
| **Analysis of fund ** | movements: | ||||
|---|---|---|---|---|---|
| Funds blf | Incoming | Resources | Gains & | Funds elf | |
| 6 April 2024 | resources | expended | losses | 5 April 2025 | |
| £ | £ | £ | £ | £ | |
| Unrestricted | |||||
| funds | 10,661,446 | 534,774 | (561,860) | (187,668) | 10,446,692 |
| **Analysis of fund ** | movements: | ||||
| Funds blf | Incoming | Resources | Gains & | Funds elf | |
| 6 April 2023 | resources | expended | losses | 5 April 2024 | |
| £ | £ | £ | £ | £ | |
| Unrestricted | |||||
| funds | 9,849,284 | 487,528 | (444,707) | 769,341 | 10,661,446 |