The Hanley Trust Annual Report & Financial Statements For the year ended 5th ApriE 2025 The HaDle Trust Page I Annual Tru tees, Re ortfor the Year Ended 5th A rll 2025 Legal and Administration Details The trusiees are ple1￿ed to present their report togeiher with the finallacial statements for the year ended 5th April 2025. The financial ststem¢nts have betn prepared in accordance with the accounting policies set out in the note5 lo the wcounts and oomply with the charity's governing document. The Charities Act 2011 and Ac¢ounting and reporting by Charities.. Statement of Recommended Practice applicable to charities prep￿ing their ￿¢OU￿tS in a¢¢ordan¢¢ wtth the FiTwIGial Reporting Standard applicable in the UK and Republic of freland published October 2019. The trustees acting throughoutthe year. who were nol renumerat¢d wBr¢: Th¢ Hon Mr$ Sarah T M Price Mrs Emily R Martin Mr William L G Swan Mr Swan is, however, & partuer in Cury & Co LLP, 33 Queen Anne Str¢¢ London Wl G 9HY, solicitors to the trust who prgvided secretarial, accountancy and tLx services. The Hon Mrs Sarah Price and Mrs Martin ￿e1Ved reimbursement of administration expengeg incurred in the year. The investment portfolio monageTS ZTe Canaceord Genuity Wealth Managemen¢ 41 Lothburyy London EC2R 7AE. Th¢ charity's bank￿3 are Natwest Bank plc, Halstead Brdllch. The tndependent ex3Jniner is Ailsa Farey CA CTL of Millbank Finan¢ial S¢rvices Ltd, Fourth FIOOT. 7 SwaIlow Str¢¢L Londoffj WIB 4DE Strueture Governance and Management The charity was established by Tn￿t Deed datsd 22nd October 1987 and is registered with the Charity Commission No: 299209. The charity's address is )3 Queen Anne Stree¢ LoTtdon WIG 911Y. The power of appointment of new trustees is vested in the currenl trustees. The tntstees actively review the perceived major risks which the Charity faces and the trnstees satisfied thatthe Systems in pl￿e mitigate these risk%. The training needs of the trustees are reviewed on an annual basis. The training costs incurred in the eurrent year are £Nil (202J124.. £Nil)- They have received appropriate briefing on their responsibilities under the law relating to choriti¢s aDd their duty to ensure that their charitable activities are for the public benefIt. The selection of future trustees will have regard to the skills, knowledge and experience needed for the ¢ff¢¢tiv¢ administration of the ch￿ity. The Hanle Trust Pa8e 2 ADllMal Tru ri12 Related Parties No transactions took place with related p8rtie$ although expenses are charged for the servtc proyided by Currey & Co LLP ￿ disclosed above. Risk M3Dagetnent The major risks to which the charity is theoretically exposed 8Je fluctuations in the value of its inv¢stmenL, (whether caused by wider market factors, or under-perforrnance of the charity's investment managers).. the fizud or negligence of the trustees orthird parties (in¢ludingtheir invesknent man￿er9 or baEkns} an( eyber-crime. The Trustees, having assessed th¢s¢ risks, are satisfied that systerns and poli¢ie9 (including poli¢i¢$ on investment management financial controls) are in pla¢¢ to manage those risks. The trustees have satisfied th¢mselv¢s that the trust is a going concern and has adequate resouTC¢5 to ¢ontinue in operdtional existence forihe fores¢eable future. The ch￿lÈable activities are funded by the investsnent portfolio and the portfolio has sufficient va]ue to support eontirtued grant making. Objeetives attd Activities The objectives of the charity are to make grants to such charitable foundations and for such charitable purposes as the trustees in their discretion from tim¢ to time think fit. The trustees seek to obtain a suBtsinable retum from their investtnent portfolio and in particular arA income increasing at leagt in line with inflation over the medium tenn. The ¢harity is Ieliattt on receiving neither additional funding from donors nor any particular level of income from its inve5tmcnts. The trustees nomially only make grants or loans lo other registered ¢haTities; they have never considered appIl￿tio[l& by individuals for persona] assistanee whatever the charitable purpose. The scope of their giving is detemined only by the extent of their resourees; it is not otherwise r¢stri¢tsd either geogrdphically or by the l)pe of activity carried on by prospective benefici￿leS or applicants. Public Benefit The trustees Confimi that they have complied with the duty in section 17 of the Charities Attt 2011 and have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reyiewing the charity's aims and objectives and in planning future ￿1vItieS aJJd setting the dollation policy forthe year. The benefit that 3Ti5es is the provision of funding to organisations thai dernonstrate GhaFitable purpose. Atbievernents aDd Performa￿¢¢ The trnstees consider that their principal objedives are beÉng achieved and ase pleased with th¢ PTOWSS made in the financial year ended 5th April 2025 and look forward to expandingtheir work with many other charities in the y&￿S to come. The HaDle Trust Page 3 stees, Re ort for the Year Ended 5th A ril 2025 Financial Review On 5th April 2025 the investment portfolio was worth £1,219.160 (2024- £1,282,489) and in the year ending on 5th April 2025 the investment income was £S3.666 (2023124: £56,415}. Expenditure on charitable activities totalled £72,869 {202J124: £51,102}. The charitsble grants made in 2024r25 v￿]ed in size from £100 to £J,000. The trustees are satisfied that the harity's assets are available and adequate to meet its obligations. Fixed Asset Investments Investm¢nts are a form of basic financial instrument and ar¢ initially re¢ogni5ed at th¢ir transaction value and subsequently measured at their fair value &s at the Balance Sheet date using the closing quoled market price. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year. The main forni of financial Yisk faced by the charity is that of volatility in equity markets and investment markets due to wider economie conditions, the attitude of invegtorg to investment risk and changes in scntimcnt conccrning equities and within particulkr sectcTrrs or sub scctOTS. Realised Gains aThd Losses Atl gains and losses are reported in the Statsm¢nt of Financial Activities as they arise. Realised gains and losses on investments are ¢alculated as the difference between sales proceeds and their opening carryin8 vaiue or their purCh￿t value if acquired subsequellt to the firsi day of the f]nancial year. Unrealised gains and losses are calculated as the differenc¢ between the fair value at the year end and their carrying value. Reaiised and unrealised investtnent gains and losses are combined in the Statement of Financial Activities. Employees The charity employs no st2ff. Invtttment Poliey Under the Trust Deed the trustees are empowered to irtvest in any mode of investment which the trustees could cffcct if they w¢re absolut¢ly and bcncfieially entitled. The tnvestment policy is monitored by regular investment reports aud annual meetings MryttL the Investment Mattager. A breakdown of the investments held at the financial year ended 5th April 2025 w b¢ s¢en on pag¢ 12. R¢s¢rv¢g Policy It is the trustees, policyto distribute approximately on¢ y¢aVs iDv¢5tment in¢ome in the course of each financi21 year and to retain as a reserve only sufficient to be able to respond expeditiously and when appropriate to urgent appeals At the Balance Sheet date the unrestricted reserves amounted to £1288,867. These are invtsted in order to generate income and capital gains? providing further funds to 5UPPOrt the chariWs PUTpose$. Plans for the Future The trustees intend that the principal objectives should be pursued in perpetuity. The Hanle Trust Pag¢ 4 Annual Trustees, Re ortfor the ri12025 Statement of Trustees, Responsibilities The trustees are responsible fcir preparing the trn$tees' report and the financial statements in aceordanee with applicable law and regulations. The law applicable to eharilies in England and wal￿ requires the tn￿ee$ to prepar¢ finan¢ial ststements for each financial yeaT in accordance with United Kingdom O¢neraily Accepted Accounting Practice Iunited Kingdom Account2ng StaDd2Tds and applicable regulations)- Under that law the trustees m￿t not appove the financial staternents unles5 they are satisfied that they give a true and fair view of the stste of affairs of thc charity and of the incoming resources and application of resour¢e$ of the ¢haTity for that period. In preparing these fmanciai statements, the trustees are requtred to: select suitable accounting policies and then apply them consistentlyj observe the methods and principles in the Charities SORP (FRS 102). make judgeme]ts and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any materK21 departLwes disclosed and explained in the flnancial ststements. prepare the fingnci21 statements on the going concern b￿lS unless it is inappropriate to presume that the charity will continuc in business. The trusteeg are Tesponsible for keepino adequate accounting records which are sufficient to show and explain th¢ charity's transactions and disclose with reasonable accuracy at a]y time the financial position of the charity and enable them to ensure that the finan¢iaI 5tat¢m¢nts Comply with the Chartttes Act 2011, the Ch2Eitieg (Aceounts and Reports) Regulations 2008 and the provisions ofthe Trust Deed. They aJe a]so responsibl¢ for $afcgu2rding the ￿sets of the charity and hence for taking reasonable sleps for the prevention and detection of fraud and other irregularities. W L G Swan on behalf of the Twst¢es 2025 Page 5 The Hanley Trust Statement of Financial Activities For the Year ended 5th April 2025 Unrestricted Funds Notes 2025 2024 Income from: Investments Total 53,666 53,666 56,415 56,415 Expenditure on: Charitable activities Raising funds Total (72,869) (14,714) (87,583) (51,102) (14,180) (65,282) Net income/(expenditure) (33,917) (8,867) Gainsl(losses) on investments Net nlovement in funds 14 (11,805) (45,722) 5,565 (3,302) Reconciliation of funds: Fund balances brought forward 1,334,589 1,337,891 Fllnd b212nces carried forward £1,288,867 £1,334,589 Page 6 The Hanley Trust Balance Sheet as at 5th April 2025 Unrestricted Funds Unrestricted Funds Notes 2025 2024 Fixed Assets Investments at current value io 1,219,160 1,282,489 Current Assets C&8h at bank and on deposit Debtors 12 136,893 134,937 136,898 134,942 Creditors: Amounts due within (bDe year Accruals 13 (67,190) (67,190) (82,842) (82,842) Net current assets Total Lyet Assets 69,707 £1,288,867 52,100 £1,334,589 The Funds of the Charity Unrestricted hnds Totsl Cbarity Funds 1,288,867 £1,288,867 1,334,589 £1,334,589 Approved by the trustees on and signed on their behalf by (Trustee) ..2025 Page 7 The Hanley Trust Notes to the Finaneial Statements for the Year Ended 5th April 2025 l Accounting Po]ieies ) Basis of Financial Statements Preparation The fmancial statements of ihe Charity, which is a public benefit entity, have been prepared in accordance the Charities SORP {FRS 102) 'A¢counting and Reportino by CbaTilies: Statement of Recommended PTactice applicable to charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015),, the Financial Reporting Standard applicable in the United Kingdom and Republic of ITeland and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. The financial statements have been prepared to give a 'true and fair, view and have departed frotn the Charities (Aecounts and Reports) Regulations 2008 only to the extent rcquir¢d to give a'trne and fair, view. This departure has involved folloNTring Accounting and ReportitLg by Ch￿ltieS preparints their accounts in accordance Thith the Financial Reportino Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reportiug by Charities: Statement of Recommended Practice effective from 1st April 2005 which has since been Temoved. b) Nature of Funds All fijnds held are unTestri¢ted and the trustees are free to use them in aecordance the charitable obj¢¢ts. c) Fixed Asset Investments Inveslments are stated at maTket value at the Balance Sheet date. Overseas investments are translated into sterling at the rates ruling at the year end. The Statement of Financial Activities (SOFA) includes the net gains and losses on revaluation and disposals thr()ughout the year. d) Investment Ineome Investment income is accounted for when receivable and is stated gross of any recIa1n￿ble taxation relief. e) Raising Funds Expenditure is accounted for on an accnml basis and has been classified under headings that aggregate all costs related to that category and are shown in the notes to the financial stat¢m¢nts. fj Charitable Grants Grants payable are recogllised in the SOFA when they are approved by the trustees and the r¢¢ipiellt hag been infornied of the amount to be paid. Page 8 The Hanley Trust Notes to the Financial Statements for the Year Ended 5th April 2025 g) Foreign Currencie5 Transilctions denominated in a foreign cu￿encY are trntslated into sterling at the rate of exchange ￿ling at the date of the transaction. At the Balance Sheet date monetary assets and liabilities denominatsd in a foreign cU￿encY are translated at the rnte nding at that date. All exchange differences are dealt in the SOFA. 2 Remuneration of Trustees In the financial year to 5th April 2025 the trustees did not receive any renumeTation (2023124.. £Nil) but did receive reimbursement for expenses incurred in the year. 2025 2024 3 Investment Income UK Interest on Stocks - quoted UK Dividends - quoted Unit Trust Dividends Overseas dividends & Interest Bank Interest 7,839 30,273 946 12,921 1,687 £53,666 5.914 28.117 1.552 19,628 1,204 £56,415 Page 9 The Hanley Trust Notes to tbe Finalleial Statements for the Year Ended 5tb April 2025 Direct costs (see note 5) 4 Charitable Activities Support costs (see note 6) Totsl Charitable expenditure £55.700 17,169 72,869 5 Direet Costs The Charity undertook no direct charitable activities but awarded grants to a number of institutions in furtherance of its charitable objertives. These are as follows: 2025 2024 Gr2nt% made to institlltions 1st Uppingham Scout Group I st Uppingham Bro￿TrieS 1st Uppingham Guides 1st Uppingham Rainbows Action Syia Age UK Alzheimer's Research UK Alzheimer'8 Society Amnesty International Anglo Scottish Seafood TrainiTLg Bethany Christian Trust Break Butler Trust Cancer Research UK Charnwood 20'.20 Christian Aid Cirdan Sailing Trust Community Emergency Food Bank Cruse Bereavement Care Depaul UK Dove Cottage Day Project Dying Matters in Rutland Fartn Colljmunity Network Fishennen's Mission Furniture Project Nottinghamshire Gingerbread Hands Up Foundation Helen Arkell Dyslexi& Centre HtghGround Project Ltd Homestart UK (Leicester) Home Stsrt Horizons Home Stsrt UK Hospice UK Balance clf 250 250 250 250 250 250 250 1,000 500 250 250 1,000 500 250 250 1.000 500 500 500 2,500 500 500 500 2,500 500 500 1,250 500 loo 500 1,000 250 1.000 500 500 250 1.000 250 500 loo 500 1.000 250 500 500 250 1.000 1,000 500 1,000 500 500 500 1,000 500 500 500 18,100 500 16,350 Pag¢ 10 The HaDley Trust Notes to the Finan¢i91 Ststemellts for the Year Ended 5th April 2025 2025 2024 S Gydtt15 made to instifytion5 CODL Balance blr Howard League for Penal Refomi Ircne TayloF Trust Jonathan's Voice (Hrite off 202212J donation) Kurdish Aid Foundation L'Ar¢he Belfast Lakeland5 Day Care Hospice Langley House Trust Leic & Rutland Community Foundation Le1ce￿ers￿irt & Rutland Headway Little Fishes Play Group {Uppingham PCC) Living Hope Charity Belf&st LOROS Ma¢millan Cancer Support (Lei¢s & Rutlandl Marie Curie Cancer Care (Fosse Health Trust) Med¢¢ins Sans Frontieres Medical Aid for Palestinians M¢nth] Health Foundation M¢ntaJ Htalth Foundation ￿y donation written offj MtTrtD (Northamptonshirel MllqD Oakfield Community op￿ Minds PACT People Against Plastic Pollution 18,100 1.000 3,000 1,000 (5001 500 500 250 500 500 100 500 500 250 500 1,000 51M) 5¢K> 250 250 250 2.000 3.000 500 500 250 250 250 1,000 1,000 500 1500) 1.000 1.000 1.000 500 1,000 500 1,000 1,000 1,000 500 1.000 1,000 fLI Pradcr Willi qyndrome Prison Phoenix Trust PTisoneTS AbToad Project Trust Pr(ije¢t Tn)st {2024 donation adjustsn¢nt} Re8ptsnse OrgaDi5ation Rut]and Rotrract Family Support Centrc Sunts set OLrt in thè Chath"6s (Ar￿)￿rtts and Reports) Regulalons 2CQ8 other than any requirement that the accounts gnr* a Irue snd ￿r wew, which is not a mattet considered as part of an FndepeTrdent examination. I have no Con￿MS and have come auoss no other matt*s in conne(*on with the examination to which attwbtion should be drawn this report in orderto 2nab]e a proper understanding of the actounts to be reached. Ailsa Farey CA CTA 4th Floor 7 Swallow Street Lond( W1B4DE DATED this