2025-08-31-accounts - The Haberdashers' Foundation

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`WSCC` `PSIDONE,opetenenntteretereerettweeerexsstenetc` `eeeeeaseuersae` `aeusadee` `eaxtuasaseaneeaeearset3`
`Independentauditors’reporttotheTrusteeoftheHaberdashers’Foundation..............csessseee811`
`StatementOfFinancialActivitiess.scssssnssessosenscsceessesnsecsvesecesvesectaucessecsssveseadsacecccecceosvencnonecoons14`
`BalanceSNC...cecccesesssseceseseeececececsauuceesseseesececessececeencessseceessensceseeusecussseeseseseeeeesaeeueees15`
`StatementOfCaShflowSs............ccecesesessceseceeeececceescnesesesseseeseceeecceeeeeeecseessecevececscecacecsceeesceseeeas16`

`Objects`
`Foundation`	`Charitableobjects`
`TheHaberdashers’Foundation`	`TheFoundation’sincomemaybeusedforanycharitablepurposeanywherein`
	`theworld.`
`TheHaberdashers’Educational`	`TheFoundationwascreatedin2002,withthepurposeofadvancingeducation.`
`Foundation`	`TheFoundationinitiallyhadnineseparatecharitablefunds,withfurtherfunds`
	`addedsubsequently.Therearenow13separatecharitablefundslinkedtothe`
	`Foundation.Furtherdetailsofthepurposesofthesefundsareprovidedinnote`
	`11totheaccounts.ReferencestoTheHaberdashers’EducationalFoundation`
	`inthisreportaretobothTheHaberdashers’EducationalFoundationitselfand`
	`allthecharitablefundslinkedtoit.`
`TheHaberdashers’Christian`	`TheobjectoftheFoundationistofurtherthereligiousandothercharitablework`
`Foundation`	`oftheChurchofEngland,particularlyinrelationtotheCompany’seightchurch`
	`patronages.`
	`Thepatronagesare:`
	`-` `AllSaints,NewCross,London`
	`-` `TheWigstonBenefice,Leicester`
	`-` `NewnhamwithAwre& Blakeney,Gloucestershire`
	`-` `St.Boniface,Bunbury,Cheshire`
	`-` `St.Catherine’s,Hatcham,London`
	`-` `St.JohntheBaptist,Hoxton,London`
	`-` `AlbrightonwithBoningdaleandDonington,Shropshire`
	`-` `St.Peter's,Chertsey,Surrey`
`TheHaberdashers’Benevolent` `Foundation`	`TheprimaryobjectoftheFoundationisthereliefofpersonswhoareinneed,` `hardshipordistress,withthemajorityofgrantsawardedrestrictedtopoverty` `relief.IntheFoundation’sgoverningschemeupto4%ofincomemaybeused`
	`tohelppersonsinneedtosetupinbusinessandupto19%ofincomemaybe`
	`usedforanycharitablepurposesattheTrustee’sdiscretion.`

`ActivitiesinthePeriod`
`Foundation`	`ActivitiesinthePeriod`
`TheHaberdashers’Foundation`	`Effortscontinuetoincreasebothnumbersofregulardonorsandlevelsof`
	`financialcommitment.Thegroundwork` `isbeing` `laidfortheFoundationto`
	`promotelegacygivingwithintheCompany’smembership.Theworkofthe`
	`Foundationisregularlypublicisedtomembersinofflineanddigitalpublications`
	`andatCompanyevents.`
`TheHaberdashers’Educational`	`Detailsoftheactivitiesduringtheyearofthe13charitablefundslinkedtoThe`
`Foundation`	`Haberdashers’EducationalFoundationaresetoutinNote11totheaccounts.`
`TheHaberdashers’Christian`	`AsPatronofeightChurchofEnglandlivings,theFoundationmakesregular`
`Foundation`	`grantstotheparishesconcerned.Fundstotalling£16,000weredirectedtothe`
	`eightparishesin2024/25.`
	`Todevelop` `acloserelationshipwiththe` `livings,` `aCompanymember` `is`
	`appointedascontactforeachparishandtheCharitiesCommitteereceivesa`
	`reportfromoneoftheparishesateachmeeting.Theincumbentsareinvitedto`
	`theCompany’sGoldenLectureeachyear,throughwhichtheFoundationaims`
	`togivewell-qualifiedspeakerstheopportunityofaddressinganaudienceon`
	`subjectsoftopicalinterestwitha Christiantheme.The2025Lecturewasheld`
	`atHaberdashers’HallanddeliveredbytheChiefRabbi,SirEphraimMirvis.`
	`Theincumbentsalsomeetregularly;themeetingsarechairedby` `amemberof`
	`theCharitiesCommittee.`
`TheHaberdashers’Benevolent`	`TheFoundationaimstohelpthemorevulnerableandmarginalisedmembers`
`Foundation`	`ofsociety,` `including0—5-year-olds(foundationyears),youngpeoplewho`
	`experiencedisadvantage,youngpeoplewithexperienceofthecustodysystem`
	`andyoungpeoplewhoexperiencehomelessness.`
	`Ingeneral,theFoundationsupportssmall-tomedium-sizedcharitieslocated`
	`inthevicinityofourSchoolsandChurchPatronages,witha smallnumberof`
	`grantsawardedtoCityofLondoncharities.`
	`TheSmallGrantsprogrammeawarded£100,000to20charitiesrootedand`
	`embeddedincommunitiessurroundingHaberdasherschoolsand/orchurches.`
	`ThefiveMajorGrantsawardedin2024/25were:`
	`e` `£50,000toEYFoundation,tosupporttheirSmartFuturesprogramme`
	`andemployabilityworkshops.`
	`e` `£50,000toHome-StartSouthwarktofundtheirworkwith0-5-year-old`
	`childrenandtheirfamilies.`
	`e` `£45,000` `toSchoolHomeSupport,` `tofund` `theirworktoaddress`
	`persistentabsenceinschools.`
	`e` `£50,000toNewHorizonYouthCentretosupportworkwithyoung`
	`peoplewhoexperiencehomelessness.`
	`e` `£35,000toHome-StartTelford& Wrekintofundtheirworkwith0-5-`
	`year-oldchildrenandtheirfamilies.`
	`Furtherawardsweremade` `tocharitieswhoseworkaligns` `itselfto` `the`
	`Company'sancientartofhaberdashery:`
	`e` `Agrantof£20,000totheRoyalCollegeofArtfortheRoyalCollegeof`
	`Art/Haberdashers’TextileScholarships.`

`Foundation`	`Freereservesatyearend`
	`£`
`TheHaberdashers’Foundation`	`600,164`
`TheHaberdashers’EducationalFoundation`	`741,226`
`TheHaberdashers’ChristianFoundation`	`55,260`
`TheHaberdashers’BenevolentFoundation`	`235,213`
`Totalfreereserves`	`1,631,863`

		`Unrestricted`	`Restricted`	`Endowment`	`14months`	`12months`
	`Note`	`General`	`Funds`	`Funds`	`ended31`	`ended30`
		`Fund`			`August`	`June`
					`2025`	`2024`
		`£`	`£`	`£`	`£`	`£`
`Incomeandendowments`
`from:`
`Donationsandlegacies`		`168,919`	`201,695`	`-`	`370,614`	`196,316`
`Otherincomefrom:`
`Totalreturnallocatedto`
`income`		`21,831`	`1,405,377`	`(1,427,208)`	`-`	`-`
`Investmentincome`		`365`	`28,516`	`-`	`28,881`	`17,765`
`Interestreceivable`		`32,056`	`22,460`	`-`	`54,516`	`61,950`
		`223,171`	`1,658,048`	`(1,427,208)`	`454,011`	`276,031`
`Expenditureon:`
`Charitableactivities:`
`Education& training` `Welfare` `Christianity& theChurch`		`113,203` `3,510` `-`	`1,282,866` `354,015` `61,434`	`-` `-` `-`	`1,396,069` `357,525` `61,434`	`716,008` `272,693` `39,888`
		`116,713`	`1,698,315`	`-`	`1,815,028`	`1,028,589`
`Netgainsoninvestments`		`-`	`10,522`	`4,132,351`	`4,142,873`	`5,298,518`
`Netincome/`
`(expenditure)`		`106,458`	`(29,745)`	`2,705,143`	`2,781,856`	`4,545,960`
`Reconciliationoffunds:`
`Fundbalancesbrought`
`forward`		`493,706`	`1,351,821`	`42,172,453`	`44,017,980`	`39,472,020`
`Fundbalancescarried`
`forward`	`10`	`600,164`	`1,322,076`	`44,877,596`	`46,799,836`	`44,017,980`

`sat31August2025`
	`Note`	`Asat31August`	`Asat30June`
		`2025`	`2024`
		`£`	`£`
`Fixedassets`
`Tangibleassets`	`4`	`67,187`	`67,187`
`Investments`	`5`	`45,723,740`	`42,285,658`
		`45,790,927`	`42,352,845`
`Currentassets`
`Debtors`	`7`	`63,933`	`79,975`
`Investments`		`-`	`12,700`
`Cashatbankandincashpool`		`1,509,027`	`1,936,941`
		`1,572,960`	`2,029,616`
`Liabilities` `Creditors:amountsfallingduewithinoneyear`	`8`	`(385,841)`	`(239,481)`
`Netcurrentassets`		`1,187,119`	`1,790,135`
`Totalassetslesscurrentliabilities`		`46,978,046`	`44,142,980`
`Creditors:amountsfallingdueaftermorethanoneyear`	`9`	`(178,210)`	`(125,000)`
`Totalnetassets`		`46,799,836`	`44,017,980`
`TheFundsoftheFoundation:` `Endowmentfunds` `Restrictedfunds` `Unrestrictedgeneralfund`	`10` `10` `10`	`44,877,596` `1,322,076` `600,164`	`42,172,453` `1,351,821` `493,706`
`Totalfunds`		`46,799,836`	`44,017,980`

		`14`	`12`	`12`
		`months`	`months`	`months`
		`ended31`	`ended30`	`ended30`
		`August`	`June`	`June`
		`2025`	`2024`	`2024`
			`£`	`£`
		`£`
`Netcashusedinoperatingactivities`		`(1,228,802)`		`(826,459)`
`Cashflowsfrominvestingactivities:`
`Withdrawals`	`704,791`		`1,712,118`
`Investmentincome`	`83,397`		`79,715`
`Netcashprovidedbyinvestingactivities`		`788,188`		`1,791,833`
`Changeincashandcashequivalentsinthe`
`reportingperiod`		`(440,614)`		`965,374`
`Cashandcashequivalentsatthebeginningof`
`thereportingperiod`		`1,949,641`		`984267`
`Cashandcashequivalentsattheendofthe`
`reportingperiod`		`1,509,207`		`1,949,641`

	`14months`	`12months`
	`ended31`	`ended30`
	`August`	`June`
	`2025`	`2024`
	`£`	`£`
`Netincomeforthereportingperiod` `Adjustmentsfor:`	`2,781,856`	`4,545,960`
`Gainsoninvestments`	`(4,142,873)`	`(5,298,518)`
`Investmentincome` `Increase/ (decrease)increditors` `Decreaseindebtors`	`(83,397)` `199,570` `16,042`	`(79,715)` `(752)` `6,566`
`Netcashusedinoperatingactivities`	`(1,228,802)`	`(826,459)`

`NALYSISOFCASHEQUIVALENTS`
	`31August`	`30June`
	`2025`	`2024`
	`£`	`£`
`Cashatbank`	`1,057,132`	`705,682`
`Cashheldincashpool`	`451,895`	`1,231,259`
`Investments(currentassets)`	`-`	`12,700`
	`1,509,027`	`1,949,641`

	`At1 July2024` `£`	`Cashflows` `£`	`At31August` `2025` `£`
`Cashatbank& heldincashpool` `Investment(currentassets)` `Netfunds`	`1,936,941` `12,700` `1,949,641`	`(427,914)` `(12,700)` `(440,614)`	`1,509,027` `:` `1,509,027`

	`Grants`	`Support`	`Total`	`Totalcosts`
	`awarded`	`costs`	`costs`	`2024`
	`(Note3)`	`(Note2a)`	`2025`
	`£`			`£`
		`£`	`£`
`Charitableexpenditure:`
`Christianity& theChurch`	`47,554`	`13,880`	`61,434`	`39,888`
`Education& training`	`1,080,870`	`315,199`	`1,396,069`	`716,008`
`Welfare`	`276,804`	`80,721`	`357,525`	`272,693`
	`1,405,228`	`409,800`	`1,815,028`	`1,028,589`
`Note2a— Supportcosts`
	`Support`	`Governance`	`Totalcosts`	`Totalcosts`
	`costs`	`costs`	`2025`	`2024`
			`£`	`£`
	`£`	`£`
`Allocateddirect:`
`AuditfeepayabletotheFoundation’sauditors`	`-`	`14,594`	`14,594`	`29,841`
`Legalfees`	`-`	`20,012`	`20,012`	`1,456`
`Otheradministrationcosts`	`2,042`	`-`	`2,042`	`859`
`Allocatedonthebasisofstafftime:`
`Salaries`	`243,204`	`41,578`	`284,782`	`73,427`
`Officefacilities`	`75,458`	`12,912`	`88,370`	`12,784`
	`320,704`	`89,096`	`409,800`	`118,367`

		`2025`	`2024`
		`£`	`£`
`Wages`	`andsalaries`	`206,235`	`52,660`
`National`	`insurance`	`29,350`	`7,267`
`Pension`	`costs`	`49,197` `284,782`	`13,500` `73,427`

			`2025`	`2024`
			`No.`	`No.`
`£60,001`	`to`	`£70,000`	`4`		`-`

							`Education`		`Welfare`	`Christianity`	`Total`
							`&Training`			`&the`
										`Church`
`AlderseyChurchofEnglandPrimary`			`School`				`15,069`		`-`	`-`	`15,069`
`Haberdashers'Academies`	`TrustSouth*`						`44,431`		`13,500`	`-`	`57,931`
`HaberdashersWestMidlandsAcademiesTrust`						`-`	`132,744`		`17,500`	`-`	`150,244`
`Haberdashers’` `Adams`	`Grammar`		`School`		`&`
`Haberdashers’AbrahamDarby`		`Academy*`
`Haberdashers’Aske’sCharity`		`—Elstree`		`Boys’`			`58,307`		`-`	`-`	`58,307`
`School**`
`Haberdashers’Aske’sCharity`		`—Elstree`		`Girls’`			`72,887`		`-`	`-`	`72,887`
`School**`
`William` `Jones’` `Schools`		`Foundation`				`-`	`85,070`		`-`	`500`	`85,570`
`Haberdashers’Monmouth`	`School**`
`CockpitArts`							`25,000`		`-`	`-`	`25,000`
`TheEYFoundation`								`-`	`50,778`	`-`	`50,778`
`GuildhallSchoolTrust`							`15,000`		`-`	`-`	`15,000`
`HomeStartSouthwark& Lewisham`								`-`	`50,000`	`-`	`50,000`
`LondonCollegeofFashion`							`37,300`		`-`	`-`	`37,300`
`NewHorizonYouthCentre`								`-`	`50,700`	`-`	`50,700`
`RoyalCollegeofArt`							`40,000`		`-`	`-`	`40,000`
`RoyalSchoolofNeedlework`							`14,000`		`-`	`-`	`14,000`
`TheSmallTrust`							`11,700`		`-`	`-`	`11,700`
`SchoolHomeSupport`							`105,000`		`46,234`	`-`	`151,234`
`StBartholomew’sandThe`	`RoyalLondonSchool`						`17,000`		`-`	`-`	`17,000`
`ofMedicine& Dentistry`
`UniversityofEastLondon`							`12,000`		`-`	`-`	`12,000`
`Grantstoinstitutionsupto`	`£5,000`						`197,662`		`48,092`	`46,954`	`292,708`
`Grantstoindividuals`							`197,700`		`-`	`100`	`197,800`
`Total`							`1,080,870`		`276,804`	`47,554`	`1,405,228`

`.`	`Investments`
		`2025`	`2024`
		`£`	`£`
`(a)`	`InvestmentProperty`	`8,000`	`8,000`
`(b)`	`Haberdashers’CharitiesInvestmentPool`	`44,852,872`	`41,442,564`
`(c)`	`CommonInvestmentFunds`	`862,868`	`835,094`
		`45,723,740`	`42,285,658`

`Fairvalueasat1 July` `Withdrawals` `Netgainsonrevaluation` `Fairvalueasat31August`	`2025` `£` `41,442,564` `(704,791)` `4,115,099` `44,852,872`	`2024` `£` `37,199,794` `(999,159)` `5,241,929` `41,442,564`

				`2025`	`2024`
`Fair` `Net` `Fair`	`value` `gains` `value`	`as` `on` `as`	`at1 July` `revaluation` `at31August`	`£` `835,094` `27,174` `862,868`	`£` `755,001` `80,093` `835,094`

	`Trust`	`for`		`Unapplied`	`Total`	`Total`
	`investment`			`TotalReturn`	`2025`	`2024`
		`£`		`£`	`£`	`£`
`Trustforinvestmentat1 July`	`18,662,153`			`22,780,411`	`41,442,564`	`37,199,794`
`Investmentreturns:`
`Realisedandunrealised`
`investmentgains`				`4,115,099`	`4,115,099`	`5,241,929`
`Totalreturntransferredtoincome`			`-`	`(1,427,208)`	`(1,427,208)`	`(999,159)`
`Trustforinvestmentat31August`	`18,662,153`			`25,468,302`	`44,130,455`	`41,442,564`
`.Debtors`
					`2025`	`2024`
					`£`	`£`
`Accruedinterest` `Taxrecoverableondonationsandinvestmentincome` `Otherdebtors` `DuefromTrustee- donations& fundraising*`					`4,352` `34,070` `6,127` `19,384`	`1,057` `54,244` `5,290` `19,384`
					`63,933`	`79,975`

	`2025`	`2024`
		`£`
	`£`
`Salariesandservicecharges`	`-`	`25,259`
`Accruals`	`16,860`	`26,400`
`Grantspayable`	`359,682`	`187,822`
`Othercreditors`	`9,299`	`-`
	`385,841`	`239,481`
`.Creditors:amountsfallingdueaftermorethanoneyear`
	`2025`	`2024`
	`£`	`£`
`Interest-freeloanfromOldMonmothianClub`	`10,000`	`10,000`
`Grantspayable`	`168,210`	`115,000`
	`178,210`	`125,000`

	`Unrestricted`	`Restricted`	`Endowment`	`Balance`
	`GeneralFund`	`Funds`	`Funds`	`31August2025`
	`£`	`£`	`£`	`£`
`Tangibleassets`	`-`	`-`	`67,187`	`67,187`
`Fixedassetinvestments`	`-`	`923,790`	`44,799,950`	`45,723,740`
`Netcurrentassets`	`600,164`	`576,496`	`10,459`	`1,187,119`
`Creditorsdueinmorethanoneyear`	`-`	`(178,210)`	`-`	`(178,210)`
	`600,164`	`1,322,076`	`44,877,596`	`46,799,836`
	`Unrestricted`	`Restricted`	`Endowment`	`Balance`
	`GeneralFund`	`Funds`	`Funds`	`30June2024`
	`£`	`£`	`£`	`£`
`Tangibleassets` `Fixedassetinvestments`	`-` `303,438`	`-` `196,522`	`67,187` `41,785,698`	`67,187` `42,285,658`
`Netcurrentassets` `Creditorsdueinmorethanoneyear`	`190,268` `-`	`1,280,299` `(125,000)`	`319,568` `-`	`1,790,135` `(125,000)`
	`493,706`	`1,351,821`	`42,172,453`	`44,017,980`

`1.` `Thefundsofthe`	`Charity`
		`Balance`	`Incoming`	`Resources`		`Other`	`Balance`
	`Note`	`1July`	`resources*`	`expended`		`gains&`	`31August`
		`2024`				`losses`	`2025`
		`£`	`£`	`£`		`£`	`£`
`Unrestrictedfunds`
`Haberdashers'Foundation`
`Unrestrictedgeneralfunds`		`493,706`	`223,171`	`(116,713)`		`-`	`600,164`
`Restrictedfunds`
`Haberdashers’Foundation`
`Donorrestrictedfunds`		`88,681`	`201,696`	`-`		`-`	`290,377`
`Haberdashers’Educational`
`Foundation`
`ThomasAlderseySchool` `ThomasAlderseyRepair` `ThomasArno` `DysonMemorial` `EzraHistory` `Further& HigherEducation` `FlorencePritchard`	`Qa7mnmoovoagwWwW`	`24,261` `4,598` `133,214` `19,103` `18,902` `11,168` `12,952`	`25,461` `-` `101,412` `25,735` `26,037` `241,541` `3,843`	`(24,043)` `-` `(87,143)` `(8,356)` `(9,159)` `(276,903)` `(5,476)`		`-` `-` `-` `-` `-` `-` `-`	`25,679` `4,598` `147,483` `36,482` `35,780` `(24,194)` `11,319`
`Haberdashers'St.Catherine`
`Foundation`		`197,695`	`92,973`	`(79,756)`		`-`	`210,912`
`MonmouthSchool`
`Scholarships`		`165,448`	`46,608`	`(80,036)`		`-`	`132,020`
`Prize`		`14,434`	`24,812`	`(27,596)`		`-`	`11,650`
`PamelaK Pye`		`3,434`	`14,775`	`(9,116)`		`-`	`9,093`
`Schroders’& Haberdashers’`
`EducationFoundation` `TravelScholarships` `ThrockmortonTrotman`	`Z2zer`	`24,481` `22,900` `80,670`	`38,623` `55,352` `32,123`	`(34,398)` `(27,681)` `(51,666)`		`-` `-` `-`	`28,706` `50,571` `61,127`
`Other`		`212`	`-`	`(212)`		`-`		`-`
		`733,472`	`729,295`	`(721,541)`		`-`	`741,226`
`Haberdashers’Benevolent`
`Foundation`
`GeneralFunds` `Hobby`	`oo`	`251,162` `191,051`	`696,307` `-`	`(913,829)`	`-`	`-` `10,522`	`33,640` `201,573`
		`442,213`	`696,307`	`(913,829)`		`10,522`	`235,213`
`Haberdashers'Christian`
`Foundation`		`87,455`	`30,750`	`(62,945)`		`-`	`55,260`
`Totalrestrictedfunds`		`1,351,821`	`1,658,048`	`(1,698,315)`		`10,522`	`1,322,076`

		`Balance`	`Incoming`	`Resources`	`Other`	`Other`	`Balance`
	`Note`	`1July`	`resources*`	`expended`	`gains`	`&`	`31August`
		`2024`			`losses`		`2025`
		`£`	`£`	`£`		`£`	`£`
`Expendableendowment`
`funds`
`Haberdashers’Foundation`		`531,990`	`(580)`	`-`	`45,009`		`576,419`
`Haberdashers'Educational`
`Foundation`
`DysonMemorial` `EzraHistory`	`mo`	`255,444` `259,214`	`(25,351)` `(25,714)`	`-` `-`	`25,351` `25,714`		`255,444` `259,214`
`Haberdashers'St.Catherine`
`Foundation`	`=`	`2,928,359`	`(89,774)`	`-`	`290,623`		`3,129,208`
`MonmouthSchoolScholarship`
`Fund`		`604,073`	`(10,366)`	`-`	`60,527`		`654,234`
`Schroders’& Haberdashers'`
`EducationFoundation`		`1,046,733`	`(37,792)`	`-`	`103,883`		`1,112,824`
		`5,093,823`	`(188,997)`	`-`	`506,098`		`5,410,924`
`Haberdashers'Benevolent`
`Foundation`		`2,947,390`	`-`	`-`	`246,467`		`3,193,857`
`Totalexpendable`
`endowmentfund`		`8,573,203`	`(189,577)`	`-`	`797,574`		`9,181,200`
`Permanentendowment`
`funds`
`Haberdashers’Foundation`		`768,503`	`(21,831)`	`-`	`84,806`		`831,478`
`Haberdashers'Educational`
`Foundation`
`ThomasAlderseySchool`		`726,925`	`(25,084)`	`-`	`65,099`		`766,940`
`ThomasArno`		`2,985,531`	`(99,746)`	`-`	`296,297`		`3,182,082`
`Further& HigherEducation`		`2,403,064`	`(238,490)`	`-`	`238,491`		`2,403,065`
`FlorencePritchard`		`109,404`	`(3,860)`	`-`	`10,858`		`116,402`
`MonmouthSchool`
`Scholarships`		`1,816,414`	`(30,874)`	`-`	`180,265`		`1,965,805`
`Prize` `PamelaK Pye` `TravelScholarships`		`404,188` `240,046` `863,867`	`(10,823)` `(6,429)` `(54,683)`	`-` `-` `-`	`10,683` `6,378` `85,733`		`404,048` `239,995` `894,917`
`ThrockmortonTrotman`		`1,826,698`	`(31,049)`	`-`	`181,289`		`1,976,938`
		`11,376,137`	`(501,038)`	`-`	`1,075,093`		`11,950,192`
`Haberdashers'Benevolent`
`Foundation`		`19,739,410`	`(685,608)`	`-`	`2,004,653`		`21,058,455`
`Haberdashers'Christian`
`Foundation`		`1,715,200`	`(29,154)`	`-`	`170,225`		`1,856,271`
`Totalpermanentendowment`
`fund`		`33,599,250`	`(1,237,631)`	`-`	`3,334,777`		`35,696,396`
`Totalendowmentfunds`		`42,172,453`	`(1,427,208)`	`-`	`4,132,351`		`44,877,596`
`TotalCharityfunds`		`44,017,980`	`454,011`	`(1,815,028)`	`4,142,873`		`46,799,836`

		`i` `ak` `is` `7` `betes` `jai\|` `<P` `SS` `g` `eau`
		`TheHaberdashers’Foundation`
`*Incomingresourcesincludestransfersfromendowedfundstotheunrestrictedandrestrictedfundsduetothe`
`allocationoftotalreturntoincome.`		`Fortheendowmentfundsthismovementisshownasa negativeinincoming`
`resources,whilefortheunrestricted`		`andrestrictedfundsthesearepositivesreflectingtheallocationofthetotal`
`return`	`toinvestmentincome.`
`Ref`	`\|Fundname`	`Objectsandactivities`
`A`	`Haberdashers’`	`This` `reflects` `miscellaneous` `donations` `given` `by` `donors` `for` `specific`
	`Foundationrestricted`	`purposes.Thefundsarespentinaccordancewithapplicablerestrictions.`
	`funds`
`B`	`ThomasAlderseySchool`	`Theobjectofthefundistheprovisionofitems,servicesandfacilitiesfor`
	`Fund`	`BunburyAlderseyChurch` `ofEngland` `Primary` `School.Anamount` `of`
		`£15,000waspaidtotheschoolforuseinaccordancewiththeobject.`
`Cc`	`TheThomasArnoFund`	`Theobjectsofthefundaretheprovisionofitems,servicesandfacilitiesfor`
		`theHaberdashers’schoolsandthepromotionofeducationofpupilsand`
		`formerpupilsoftheHaberdashers’schools.47grantstotalling£60,022`
		`weremadetotheschools,currentandformerpupils,aswellasforstaff`
		`bursaries.ThisincludestheexpeditiontothewildernessofScotland.`
`D`	`DysonMemorialFund`	`Theobjectofthefund` `isthereliefofpovertyofpupils,formerpupilsor`
		`parentsofcurrentpupilsofHaberdashers’HatchamCollege.` `Thefundis`
		`availablefortravelgrantsforpupilsoftheCollege,whocannotaffordschool`
		`trips.PaymentismadeperiodicallytotheCollegetotopupitsfundforthis`
		`purpose.Fundsof£6,000werepaidtotheschoolintheyear.`
`E`	`EzraFund`	`Lord` `Ezra,` `an` `OldMonmothianandLiveryman` `HonorisCausa` `ofthe`
		`Haberdashers’Company,endoweda newfundin2003/04tosupportan`
		`enterpriseinitiativebenefitingpupilsofHaberdashers’schools.Thisfund`
		`supportedtheHaberdashers’Advantage:FuturesCareersConference.`
`F`	`TheFurtherandHigher` `EducationFund`	`Theobject` `ofthefund` `is` `topromoteeducation` `by` `the` `provision` `of` `scholarships,grantsorawardstopersonsundertakinga courseoffurther` `orhighereducation,` `with` `apreference` `forpupils` `orex-pupils` `ofthe` `Haberdashers’Schoolsandpersonsundertakinga courseofdivinity.` `ThemajorityofthefundsavailableintheFurtherandHigherEducation` `Fundareusedtoprovideuniversityscholarshipsandbursariesforpupils` `andformerpupilsofHaberdashers’schools.Nominationsaremadebythe` `schoolsandaretenableoverthewholeofa student'suniversitycareer.In` `manycasestheseawardsenablestudentswhomaynototherwisehave` `consideredgoingtouniversitytodoso.Themajorityofawardeesreceive` `£1,000perannumforthedurationoftheiruniversitycourse.In2024/25,18` `newawardsweremadeduringtheyearata costof£60,000.` `ThebeneficiariesoftheJestonDivinityScholarshipsarenominatedby` `TrinityCollege,Cambridge,withthecurrentlevelofawardsbeing£1,500` `foreach` `undergraduate` `scholarship` `and` `£1,500` `perannum` `for` `the` `postgraduatescholarship.` `Thereiscurrentlya negativebalanceintherestrictedfund.Thishasarisen` `becausethefundissupportinguniversitysciencescholarshipsforformer` `pupilsofHaberdashers’Adams,awardswhichcoverfullEnglandand` `Walesuniversitytuitionfees(currently£9,250perannum).` `In2024/25the` `grantsfortheseawardswere£83,250.TheTrusteesexpectthefundsfor` `theseawardstobemetinthenearfuturebya substantiallegacy.The` `legacyhasyettoberecognisedasincomingresourcesintheStatementof` `FinancialActivitiesasthecriteriaforrecognitionhaveyettobemet.The` `29`

	`Charityexpectstoreceivethisincome,howeverthereremainsuncertainty`
	`overtheprecisevalueandtimingofreceipts.Nonetheless,theTrustees`
	`expectthatthepositionoftheFundwillbesubstantiallystrengthenedby`
	`thislegacywhentheincomeisreceived.`
`Haberdashers’`	`TheFoundation’sobjectsmaybesummarisedas:`
`St.CatherineFoundation`	`e` `=providingfinancial helptowardsthecostofeducationofpupilsof`
	`Haberdashers’andotherschoolswhoareinfinancialneed,whilst`
	`atschoolorreceivingfurthereducation;and`
	`e` `providingfinancialsupporttocharitablefoundationsorforsuch`
	`othercharitablepurposesas theHaberdashers’Companyshallin`
	`itsabsolutediscretiondetermine.`
	`TheFoundation’sactivitiesare:`
	`(i)` `TheawardofbursariestopupilsofHaberdasherschoolsincases`
	`ofunforeseenfamilyhardship,normallytohelppupilscompletethe`
	`finalexaminationyearof` `aGCSEorA-levelcourse.`
	`(ii)` `Benjamin` `Barkermusicgrant` `to` `the` `Haberdashers’` `Hatcham`
	`College.A grantof£3,000wasmadetosupporttheworkofthe`
	`musicdepartment.`
	`(iii)` `GrantstoHaberdasherstate-maintainedschoolsforpupil-related`
	`expenses(suchasschooltrips)orforprojectsofbenefitstopupils.`
`TheMonmouthSchool`	`Theobject` `ofthe` `fund` `is` `topromoteeducation` `by` `the` `provision` `of`
`ScholarshipsFund`	`scholarships,grantsorawardstopupilsorintendedpupilsofMonmouth`
	`School,witha preferenceforthosewhosefinancialcircumstancesorthose`
	`oftheirparentsmayprecludethemfromotherwiseattendingtheschool.`
`ThePrizeFund` `ThePamelaK.PyeFund` `TheSchroders’and` `Haberdashers’` `EducationalFoundation` `(SHEF)`	`Scholarshipstotalling£57,463wereawardedfromthefundin2024/25.` `TheFundhasreceivedthebenefitofunsecured,interest-freeloansover` `severalyearstotalling£50,000fromtheOldMonmothianClub,ofwhich` `£40,000` `has` `been` `subsequently` `converted` `into` `donations` `to` `the` `expendableendowmentfund.Theloanbalanceremainingwas£10,000at` `31August2025.` `Theobjectofthefund` `istofurthertheeducationofpupilsattendingthe` `Haberdashers’Schoolsbytheawardofprizesorothersuitablemarksof` `distinction.Thecapitalofthefundcomprisesmoniesgivenovertheyears` `bydonorsconnectedwiththeschools,oftennamingprizesinmemoryof` `particularindividuals.` `Aproportionateamountofthefundisheldforeach` `schoolanddistributionsaremadeeachacademicyear.Thetotalamount` `distributedin2024/25was£24,000(withthisincreaseduetothechangein` `theaccountingreferencedate).` `Theobjectofthefund` `istoadvancetheeducationofthepupilsofthe` `Haberdashers’Aske’sSchool` `for` `Girls,` `Elstree,` `with` `apreference` `for` `assistingthemusicdepartmentorlibraryoftheSchool.` `Fundstotalling` `£7,000werepaidtotheschoolin2024/25.` `SHEFwascreatedforthebenefitoftheHaberdashers’schoolsin1997and` `joinedtheHaberdashers’EducationalFoundation` `in2005.` `Duringthe` `2024/25` `year,` `SHEFawarded` `6` `grants` `totalling` `£25,000.` `The` `fund` `supported` `thecosts` `ofLiteracy,Wellbeing,` `and` `CulturalEngagement` `support` `atHaberdashers’` `KnightsAcademyand` `acontribution` `tothe` `minibusleaseatHaberdashers’AbrahamDarby.` `30`

`TheTravelScholarships`	`Theobject` `ofthefund` `is` `topromoteeducation` `by` `the` `provision` `of`
`Fund`	`scholarships,grantsorawardstopersonsundertakinga courseoffurther`
	`orhighereducation,ora whollyeducationalexpedition,outsidetheUnited`
	`Kingdom,witha preferencetopupilsorformerpupilsoftheHaberdashers’`
	`schools.` `Awardsmayexceptionallybemade,uptoa definedlimit,for`
	`inwardscholarshipsofthisnature,totheUnitedKingdombutinpractice`
	`thesearerare.`
	`Reportsarereceivedfrombeneficiariesontheirreturn,asa meansof`
	`evaluatingwhethertheirobjectiveswerefulfilled.Awardstotalling£19,400`
	`weremadein2024/25forpupilstravellingtoSriLanka,HongKong,Greece`
	`andThailand.`
`Throckmorton`	`Theobjectofthefundistopromotetheeducationofpersonsundertheage`
`TrotmanEducational`	`of25whoareinneedoffinancialassistanceandareresidentinGreater`
`Fund`	`London.` `Exhibitionshavecustomarilybeenawardedasfollows:`
	`(i)` `SeniorExhibitions`
	`Toprovideexhibitionstenableatuniversitiesandothercollegesof`
	`furthereducationtoapplicantsbetweentheagesof16and24years,`
	`inpracticeonlytoqualifyingformerpupilsofHaberdashers’schools.`
	`(ii)` `JuniorExhibitions`
	`To` `provide` `exhibitions` `tenable` `atsecondary` `schools` `or` `other`
	`educationalinstitutionstoapplicantsbetweentheagesof11and14`
	`years.Theawardsformpartofthebursaryfundingtoassistpupils`
	`whoseparentshavefinancialneed.` `Twoawardstotalling£34,000`
	`weremadein2024/25.`
`Haberdashers’`	`Generalfunds`
`BenevolentFoundation`	`IntheFoundation’sgoverningschemeupto4%ofincomemaybeusedto`
	`helppersonsinneedtosetupinbusinessandupto19%ofincomemay`
	`beusedforanycharitablepurposesattheTrustee’sdiscretion.`
	`HobbyFund`
	`TherestrictedHobbyFundwascreated` `intheformerHaberdashers’`
	`EleemosynaryCharity,arisingfromtheCharityofJohnHobby.` `Undera`
	`SchemeoftheCharityCommissionmadein1984,theFundisrequiredto`
	`accumulateuntil2051,whenitwillbeaddedtotheFoundation’spermanent`
	`endowmentfund.`
	`ExpendableEndowmentFund`
	`The Trusteehasthepowertoconvertexpendableendowmentintoincome`
	`butpreferstoinvestitinordertocreateincomeforannualcharitablegrants.`
`Haberdashers’`	`TheobjectoftheFoundationistofurtherthereligiousandothercharitable`
`ChristianFoundation`	`workoftheChurchofEngland.`

		`Unrestricted`	`Restricted`	`Endowment`	`Total`
	`Note`	`General`	`Funds`	`Funds`	`2024`
		`Fund`
		`£`	`£`	`£`	`£`
`Incomeandendowmentsfrom:`
`Donationsandlegacies`		`188,947`	`7,369`	`-`	`196,316`
`Investmentincomefrom:`
`Totalreturnallocatedto`	`6`
`income`		`30,965`	`968,194`	`(999,159)`	`-`
`Otherinvestmentincome`		`-`	`17,765`	`-`	`17,765`
`Interestreceivable`		`26,051`	`35,899`	`-`	`61,950`
		`245,963`	`1,029,227`	`(999,159)`	`276,031`
`Expenditureon:`
`Charitableactivities`
`Education& training`		`52,625`	`663,383`	`-`	`716,008`
`Welfare`		`3,070`	`269,623`		`272,693`
`Christianity& theChurch`		`-`	`39,888`		`39,888`
	`2`	`55,695`	`972,894`	`-`	`1,028,589`
`Net(losses)/gainsoninvestments`
	`5`	`(5,798)`	`4518`	`5299,798`	`5,298,518`
`Netincome`		`184,470`	`60,851`	`4,300,639`	`4,545,960`
`Netmovementinfunds`		`184,470`	`60,851`	`4,300,639`	`4,545,960`
`Reconciliationoffunds:`
`Fundbalancesbroughtforward`
		`309,236`	`1,290,970`	`37,871,814`	`39,472,020`
`Fundbalancescarriedforward`
	`10`	`493,706`	`1,351,821`	`42,172,453`	`44,017,980`
`nalysisofexpenditurefortheyearended`		`30June2024`
		`Grants`	`Otherdirect`	`Support`	`_Totalcosts`
		`awarded`	`costs`	`costs`	`2024`
		`£`	`£`	`£`	`£`
`Charitableexpenditure:`
`Christianity& theChurch`		`36,083`	`-`	`3,805`	`39,888`
`Education& training`		`633,746`	`2,663`	`79,599`	`716,008`
`Welfare`		`237,730`	`-`	`34,963`	`272,693`
		`907,559`	`2,663`	`118,367`	`1,028,589`

									`Support`		`Governance`			`Totalcosts`
									`costs`		`costs`			`2024`
														`£`
									`£`		`£`
`Allocateddirect:`
`Auditfeepayable` `Legalfees`	`to`	`theFoundation’sauditors`							`-` `“`		`29,841` `1,456`			`29,841` `1,456`
`Otheradministration`		`costs`							`859`			`-`		`859`
`Allocatedonthebasis`		`ofstaff`	`time:`
`Salaries`									`62,707`		`10,720`			`73,427`
`Officefacilities`									`10,918`		`1,866`			`12,784`
									`74,484`		`43,883`			`118,367`
`rantsawarded`
							`Education`		`Welfare`		`Christianity`			`Total`
							`&Training`				`&`	`the`
											`Church`
`AlderseyChurchof`	`EnglandPrimary`				`School`		`12,019`			`-`			`-`	`12,019`
`Haberdashers’AcademiesTrust`				`South*`			`32,457,500`		`20,250`				`-`	`52,707`
`Haberdashers'West`		`Midlands`		`Academies`			`73,744`		`12,500`				`-`	`86,244`
`Trust*`
`Haberdashers’` `Aske’s` `Charity`				`—`	`Elstree`		`23,043`			`-`			`-`	`23,043`
`Boys’School**`
`Haberdashers’` `Aske’s` `Charity`				`—`	`Elstree`		`24,137`			`-`			`-`	`24,137`
`Girls’School**`
`William` `Jones’`	`Schools`		`Foundation`			`-`	`59,696`			`-`			`-`	`59,696`
`Haberdashers’MonmouthSchool`				`**`
`ConstructionYouth`	`Trust`						`51,347`			`-`			`-`	`51,347`
`TheEYFoundation`							`50,725`			`-`			`-`	`50,725`
`GuildhallSchoolTrust`							`15,000`			`-`			`-`	`15,000`
`LondonCollegeof`	`Fashion`						`15,000`			`-`			`-`	`15,000`
`NewHorizonYouth`	`Centre`							`-`	`50,000`				`-`	`50,000`
`RoyalCollegeofArt`							`30,300`			`-`			`-`	`30,300`
`RoyalSchoolofNeedlework`							`12,500`			`-`			`-`	`12,500`
`TheSmallTrust`							`11,140`			`-`			`-`	`11,140`
`SchoolHomeSupport`								`-`	`45,534`				`-`	`45,534`
`StBartholomew's`	`andThe`		`Royal`		`London`		`6,000`			`-`			`-`	`6,000`
`SchoolofMedicine`	`&`	`Dentistry`
`TheUniversityofEast`		`London`						`-`	`12,000`				`=`	`12,000`
`Grantstoinstitutionsupto£5,000`							`27,668`		`97446`		`34,983`			`160,097`
`Grantstoindividuals`							`188970`			`-`	`1,100`			`190,070`
`Total`							`633,746`		`237,730`		`36,083`			`907,559`
														`34`

	`Trustfor`	`Unapplied`	`Total`
	`investment`	`TotalReturn`	`2024`
	`£`	`£`	`£`
`Trustforinvestmentat1 July`	`18,662,153`	`18,537,641`	`37,199,794`
`Investmentreturns:`
`Realisedandunrealised`
`investmentgains/(losses)`	`-`	`5241,929`	`5,241,929`
`Totalreturntransferredtoincome`	`-`	`(999,159)`	`(999,159)`
`Additionalfunds invested`
`Trustforinvestmentat30June`	`18,662,153`	`22,780,411`	`41,442,564`

		`Balance`	`Incoming`	`Resources`	`Othergains`	`Balance`
	`Note`	`1July`	`resources*`	`expended`	`&losses`	`30June`
		`2023`			`£`	`2024`
		`£`	`£`	`£`		`£`
`Unrestrictedfunds`
`Haberdashers'Foundation`
`Unrestrictedgeneralfunds`		`309,236`	`245,963`	`(55,695)`	`(5,798)`	`493,706`
`Restrictedfunds`
`Haberdashers'Foundation`
`Donorrestrictedfunds`	`A`	`88,681`	`-`	`-`	`-`	`88,681`
`Haberdashers'`
`EducationalFoundation`
`ThomasAlderseySchool`	`B`	`23,323`	`18,533`	`(17,055)`	`(540)`	`24,261`
`ThomasAlderseyRepair`	`B`	`4,598`	`-`	`-`	`-`	`4,598`
`ThomasArno`	`Cc`	`99,096`	`75,807`	`(40,124)`	`(1,565)`	`133,214`
`DysonMemorial`	`D`	`17,330`	`7,517`	`(5,744)`	`.`	`19,103`
`EzraHistory`	`E`	`13,807`	`7,411`	`(2,148)`	`(168)`	`18,902`
`Further& HigherEducation`	`F`	`123,888`	`68,497`	`(173,452)`	`(7,765)`	`11,168`
`FlorencePritchardFund`	`G`	`10,585`	`2,849`	`(310)`	`(172)`	`12,952`
`Haberdashers'St.Catherine`
`Foundation`	`H`	`167,529`	`75,099`	`(42,247)`	`(2,686)`	`197,695`
`MonmouthSchoo!`
`Scholarships`	`1`	`158,754`	`64,686`	`(56,598)`	`(1,394)`	`165,448`
`Prize`	`J`	`14,903`	`12,653`	`(13,122)`	`-`	`14,434`
`PamelaK Pye`	`K`	`3,548`	`7,570`	`(7,684)`	`-`	`3,434`
`Schroders’& Haberdashers’`
`EducationFoundation`	`L`	`21,696`	`25,866`	`(22,949)`	`(132)`	`24,481`
`TravelScholarships`	`M`	`21,226`	`21,271`	`(19,437)`	`(160)`	`22,900`
`ThrockmortonTrotman`	`N`	`71,283`	`46,467`	`(35,143)`	`(1,937)`	`80,670`
`Other`		`212`	`-`	`-`	`-`	`212`
		`751,778`	`434,226`	`(436,013)`	`(16,519)`	`733,472`
`Haberdashers'Benevolent`
`Foundation`
`GeneralFunds` `Hobby`	`O` `O`	`185,344` `168,815`	`551,911` `-`	`(485,960)` `-`	`(133)` `22,236`	`251,162` `191,051`
		`354,159`	`551,911`	`(485,960)`	`22,103`	`442,213`
`Haberdashers'Christian`
`Foundation`	`P`	`96,352`	`43,090`	`(50,921)`	`(1,066)`	`87,455`
`Totalrestrictedfunds`		`1,290,970`	`1,029,227`	`(972,894)`	`4,518`	`1,351,821`

		`Balance`	`Incoming`	`Resources`	`Othergains`	`Balance`
	`Note`	`1July`	`resources*`	`expended`	`&losses`	`30June`
		`2023`			`£`	`2024`
		`£`	`£`	`£`		`£`
`Expendableendowment`
`funds`
`Haberdashers’Foundation`		`479,076`	`(14,135)`	`-`	`67,049`	`531,990`
`Haberdashers'`
`EducationalFoundation`
`DysonMemorial` `EzraHistory`	`mo`	`229,293` `232,690`	`(6,159)` `(6,247)`	`-` `-`	`32,310` `32,771`	`255,444` `259,214`
`Haberdashers’St.Catherine` `Foundation`	`x=`	`2,628,562`	`(70,601)`	`-`	`370,398`	`2,928,359`
`MonmouthSchool`
`Scholarship`		`541,640`	`(14,704)`	`-`	`77,137`	`604,073`
`Schroders’& Haberdashers’`
`EducationFoundation`		`939,571`	`(25,236)`	`-`	`132,398`	`1,046,733`
		`4,571,756`	`(122,947)`	`-`	`645,014`	`5,093,823`
`Haberdashers'Benevolent` `Foundation`		`2,645,650`	`(71,059)`	`-`	`372,799`	`2,947,390`
`Totalexpendable` `endowment`		`7,696,482`	`(208,141)`	`-`	`1,084,862`	`8,573,203`
`fund`
`Permanentendowment`
`funds`
`Haberdashers’Foundation`		`689,928`	`(16,830)`	`-`	`95,405`	`768,503`
`Haberdashers'`
`EducationalFoundation` `ThomasAlderseySchool` `ThomasArno` `Further& HigherEducation` `FlorencePritchard`	`Qa7N0O0`	`660,163` `2,679,881` `2,157,043` `98,205`	`(15,722)` `(71,979)` `(57,937)` `(2,638)`	`-` `-` `-` `-`	`82,484` `377,629` `303,958` `13,837`	`726,925` `2,985,531` `2,403,064` `109,404`
`MonmouthSchool` `Scholarships` `Prize` `PamelaK Pye` `TravelScholarships` `ThrockmortonTrotman`		`1,630,445` `367,887` `218,487` `775,426` `1,639,686` `10,227,223`	`(43,792)` `-` `-` `(20,827)` `(44,041)` `(256,936)`	`-` `-` `-` `-` `-` `-`	`229,761` `36,301` `21,559` `109,268` `231,053` `1,405,850`	`1,816,414` `404,188` `240,046` `863,867` `1,826,698` `11,376,136`
`Haberdashers’Benevolent` `Foundation`		`17,718,579`	`(475,899)`	`-`	`2,496,730`	`19,739,410`
`Haberdashers'Christian` `Foundation`		`1,539,602`	`(41,353)`	`-`	`216,951`	`1,715,200`
`Totalpermanent` `endowment`		`30,175,332`	`(791,018)`	`-`	`4,214,936`	`33,599,250`
`fund`
`Totalendowmentfunds`		`37,871,814`	`(999,159)`	`-`	`5,299,798`	`42,172,453`
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