THE HEYTHROP HUNT CHARITABLE TRUST REPORT AND ACCOUNTS FOR YEAR ENDED S APRIL 2021 Charity Registration No.. 285384 THE HEYTHROP HUNT CHARITABLE TRUST CONTENTS Page Truslees, annual report Independent examinerfs report lo the Trustees Income and expenditure account Balanc8 sheet Notes on accounts THE HEYTHROP HUNT CHARITABLE TRUST TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2021 The Trustees present their report and accounts of the charity for the year ended 5 April 2021. Reference and administrative details of thg charity The full name of the charity is The Heythrop Hunt Charitable Trust, charity reglStratÉon number 285384. Trustees The following people have acted as Trustees of the charity during thè year.. Richard D Schusler Oliver R P Corbett Christopher J G Cox Roderick J Fleming Mrs Venetia E Leng Tho prfncipal address of the Gharlty is: clo Haziewoods LLP Slaverton Court Slaverton Cheltenham GL51 OUX Professional Advlsors Investmant managers: Cazenove Capital Management 12 Moorgate London EC2R 6DA Soll¢ltors: Messrs Forslars 67 Grosvenor Street London W1K3JN Accountsnts: Hazlewoods LLP Slaverton Court Staverton Cheltenham GL51 OUX THE HEYfHROP HUNT CHARITABLE TRUST TRUSTEES, ANNUAL REPORT ICONTINUEDI FOR THE YEAR ENDED S APRIL 2021 Structure, Governance and Management The Heythmp Hunt Charitable Trust was established under a Declaration ol Trust dated the 29 July 1982. The Trust has been approved by the Charity Comrnission and is registered as number 285384. The names of the present Trustees and their adwsérs are 8hown on the previous page. The power lo appolnl a new or aédilional Trustee is vested in the Chairman of the Hunt Committee but is Ilmlleé so that at any lime the total number of Trustees shall not exceed seven. Rlsk management Tha major risks, to which the charity is exposed, as idonlifiod by the Trustees, have been reviewed and systems have been established lo millgale those rlsks. Oblects of the Trust The obje¢l of this Trust is the relief of poverty among present and former employees land their spouses and children) of the Heythrop Hunt and ils masters. The Twslees may also make payments for other chaiilabl8 purposes. In fulfilling the objectives of the Trust it is inevitable that Calls wlll vary significantly from year lo year. The Trustees confimi that they have reforred lo the guidance contained In the Charitias Commlssion's general guidan¢e on public benefit when reviewing the Trust's aims and objectives and in planning future activities and selling the grant making policy for th6 yèar. Rèvlew of thè •ctivites and performance The activities of the Tru51 remained consistent with the premous year and the obj8cls of the Trust were achievecf during the year. All the funds of the Trust are considered lo fomi part of one unreslricled fund. which may be used for tha general furtherance of Ihe Trust's objects. The Truste85 are satisfied that the Trust's assèts are available and --adEqu3te-to"fulfil"Ihe"obllgalloNsDf the Truyt.--- - Flnanclal reviow Tha rasults for the year show nel incominglloutgoingl resources of £49312020- £6.7081. Total income during the year amounted lo £26,18612020- £25,715). Total expenditure, including grants and donations, amounled lo £25,6g312020- £19,007). Inv8stmants Undar thé Trust Deed the Trustees may use their absolute disc￿lI0n lo Invest any money in any investments which they think fil. The Trustee's investment slral6gy is based on a b21anced policy between income and capital growih and is guid8d by Cazenove's Capital Management strategy for smaller portfolios. The Trustees are satisfied with the perfom)ance of the investments during the year. Reserves pollcy The Charil¢s"froe" reseNes are defined as nel assèts £653,571 12020- £536,168}- These reserves are principally represented by investments and cash and the investment policy is slated above. The current level of inveslmants provides a balanced return between income and Capltal growth. which is considered to maintsin free reserves at an Bccepiable level. THE HEYTHROP HUNT CHARITABLE TRUST TRUSTEES, ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021 Trustees, responslbllities The Trustees are responsiblÈ for preparing the TTuslees' Annual Report and the financial statements in accordance with appll¢able law and United Kingdom Accounting Standards (Uniled Kingdom Generally AC￿pIed Accounting Practice). The law applicable to charities In England and Wates requires the Tiu818&s lo prepare financlal statements for each financial y&ar which give a true and fair view of the stata of affairs of the charity and of ils incomlng resources and application of resources of the charity for that period In preparing these finandal siatements, thg Trustees are required to.. select suitable accounting policiès and then apply them consistently, observe the methods and principles in the Charities SORP., make ludgemenis and estimates that are reasonable and prudenl.. slate whether applicable accounling standards have been followed, SLEbje¢l lo any material departures disclosed and explained in the financial slalements., prepare the flnan¢ial slalement8 on the g(Mng concern basis unless it Is Inappropriat6 to presume that the char¢ty wll contsnue In buslness. The Trustees ar& responsibls for keeplng proper accosjnling re¢ords that disclose with reasonable accura¢y at any time the financial position of the charity and enable them to ensure that the financial slalemenls comply rith the Ch8riti8s Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for18king reasonable steps for the prevention and delectlon of fraud and other Irregularities. Approved by the Trustees and Signed on the .31 Au.9usI 2021 on their behalf by. Signed.. i JJJIL Richard D Schuster THE HEYTHROP HUNT CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021 I report on the accounts of the charity for the year ended 5 April 2021, which are sel OLJI on pages 4 10 7. This report is made solely to the Ttusl's Trustees, as a body, in accordance with Section 145111 of the Charities Act 2Q11. My work has been und6rtak6n so Ihal I mlght slate to the Trustees those rnatters l am required lo stale lo thom In an Independent exarniner's report, and for no other purpose. To the fullest extsnt permitted by law. I do not accept or assume responsibility to anyone other th8n thé Trust and the Tiustees, as a body, for my work, for this report. or for the oplnions I have formed. Respectlve responsibilitles of Trustees and Examlner The charills Trustees are rasponsible for the preparation of the accounts. The charity's Trustees consider that an audit is not required for this year under Section 144121 of the Charities Act 2011 {th6 2011 A¢ll, and that an independent examination is neecled. 11 is my responsibility to.. examine th8 8ccnunls under Section 145 01 the 2011 Act,. follow the procedures laid down in the genèral directions given by the Charily Commission under Section 14515llbl ot the 2011 Attl., and slate whether particular mallers have comè lo my attention. Basis of IndÈpendent Exarniner's report My exarninalion was carried out in accordanc8 with the General D1￿CtIonS given by Ihe Charlty Commissionars. An examlnallon Includ8s a review of the accounting records k8Pt by the charity and a Comparison of the accounts presonted with those records. 11 also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanalionts from you as Trustees con¢¢rning any such mallers. The procedures undertaken do not provide all the evidence that would be required in an audit, and consÉquenlly no opinion is given as lo whether the accounts present a 'true and fair vi￿, as this report is limited lo those mallers sel out In the ststemenl below. Independent Examlner's statèment In connection with my axaminalion. no matter has come to my allonlion.. 11 which gives me reasonable cause lo believe that. in any material respect, the requirèments.. lo keep accounting records in acGordance with Seclion 130 of the 2011 Act., and to prepare accounts which accord with the accounting records, and comply with the accounting requirements of the 2011 Acl. have not been mel., or 2110 which, in my opinion. allenlion should be drawn in order lo enable a proper understanding of the accounts to be rea¢hed. M Howard FCA on bèhalf of Hazlewoods LLP Windsor House Bayshill Road Chell8nham GL50 3AT 24 January 2022 Dale THE HEYTHROP HUNT CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITES {INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED S APRIL 2021 General Fund Unrestrictod 2021 General Fund Unrestricted 2020 Note Incoming resources from generated funds Donatlons Investment Income 26,186 25,715 Total Incoming resources 26.186 25,715 Rèsources expended Charilable activthes Govem8nc8 costs 22,200 3,493 15,509 3.498 Total resources expended 125,693} {19.0071 Net in¢omlnglloutgolng) resources befor8 rocognlsed gains and losses 493 6,708 Othar recognised galns and losses Gainslllosses) on inveslmenls Raalised Unrealised 1528) 117,438 1584) 187,3091 Net movement In funds 117,403 181,1851 alances brought forward 6,168 617,353 Balances caTried forward 653,571 536,168 The notes on pages 6- 7 form part of thésè accounts. The Slalemanl of Finanual Actlvllies Indudes all gains and losse8 in the year. AJI activities are classed as continuin9. THE HEYTHROP HUNT CHARITABLE TRUST BALANCE SHEET FOR THE YEAR ENDED 5 APRIL 2021 2021 2020 Not8 Fixed assets Investments 645,173 534.873 645,173 534.873 Current assets Cash al Cazenove Capital Management 9.838 2,735 9.838 2,735 Creditors: amounts falllng due wlthln one yaar 11,440) 11,4401 Net current assets 8,398 1,295 Net assets 653,571 536.1 $8 Represanted by: Funds 653,571 536,168 The accounts on pagès 5- 6 were approved by the Trustees and authorised for issue on and sign8d on their behalf by= 31 August 2021 Rlchard D Schusler THE HEYTHROP HUNT CHARITABLE TRUST NOTES ON ACCOUNTS FOR THE YEAR ENDED 5 APRIL2021 Prlnclpal accountlng pollcies 8asl$ of accountlng The accounts Piave been prepared under the histOriC81 ¢ost ¢onvention. as modified by the inclusion of investments al market value, adoptlng Ihe following principal accounting policies, all of which are in accordance wlth the Statement ol Recommended Pracli¢8'. Accounting and Reportlng by Charities preparing thair accounls in accordance with th& Financial R8porting Standard applicable In the UK and Republlc of Ireland IFRS 1021 issuad on 16 July 2014 and the Charltles Acl 2011. Incomlng resources Income is re¢ognlsed Sn the period whèn the charity is enlilled to receipt and the amount can be measurgd wlth rèasonable certainty. The charivs incomp and surplus weie derived from thntlnulng operdlions duilng the current period. No operations have been acoulred or discontinued during the period. Rèsources expended LÉabllilies are recognlsèd as resources exponded as swn as there is a legal or constructive obligation committing the charity to the 6xpendilure. All expenditure is Includ￿ on the accruals basis and has been classified under headings that aggrègate all oost8 related lo the category. Costs of charitablo activities include direct operational costs and an appottionment of overhead and support cosls, as shown in nole 2. Gov8rnance costs oomprisfj all costs involving the public 8ccountability of tho charity and its compliance with regulation and good practice. Funds accountlng FLtnds held by the charity aré'.- Unrestricted yenerai funds - these can b8 usod in accordance with the charitable objects al Iho discretion ol the Trustees. Investments Inveslrnsnts Ilsted on a recognlsèd stook exchange are staled al market value in the b8lan¢e sheet. All movemènts in value arising from changes and revaluatlons are included in (he Stat8mant of Financial Actlvities. Unlisted investments are shown al cast unlèss there is a permanent dÉminut￿)n in valu¢. 2021 2020 Charltable aCtI￿lIeS Grants Mr and Mrs Anlhony Adams Mr M Livy Mr J R Luck811 Mr and Mr8 M Puffer 8.000 2.500 7,000 1,000 4,200 Donation$ National EmÈrgèneies Trust The Royal Agri¢ultural Benevolenl Insiltutlon IRABI) HistiocytO8is UK Hunt Staff Benefit Soclely Addington Fund 2,500 2.500 2,500 2,500 5.000 Other Portfolio inler8st p8yabSe 22,200 15,509 THE HEYTHROP HUNT CHARITABLE TRUST NOTES ON ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021 Governance costs 2021 2020 Investment management fees Hazlewoods LLP fees Independent examinallon fees 1,873 1,380 240 1,878 1,380 240 3,493 3.498 Flxed Assèt Investments 2021 2020 Llsted Investments Market value brought fonNard Additions Disposals Equalisalion Nel unre21ised investment gainlllossl 534.873 598,874 31,512 18,1321 {721 187,3091 {7,000) 11381 117,438 Market value carried forward 645,173 534,873 The cost of the fixed asset investments held in listed investments is £631,436 12020- £638,707) Creditors: amounts falling due within one year 2021 2020 Hazlew(x)ds LLP 1,440 1.440 1,440 1,440 Trustees transactlons and exp8nsÈs and other related party transacllons The Trust&es recelved no renumeration or relmbursement of exp8nses. Employees The Charity has no employeès.