Charity registration number: 310014
**THE HAILEYBURY SOCIETY TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025**
Moyola House, 31 Hawthorne Grove York YO31 7YA
**The Haileybury Society Contents**
||**Page**|
|---|---|
|Trustees' Report|1—5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Comparative Statement of Financial Activities|8|
|Statement of Financial Position|9|
|Statement of Cash Flows|10|
|Notes to the Statement of Cash Flows|11|
|Notes to the Financial Statements|12—17|
|The following pages do not form part of the statutory accounts:||
**The Haileybury Society Trustees' Report For The Year Ended 31 May 2025**
The trustees present their report and the financial statements for the year ended 31 May 2025.
## **Objectives and Activities**
## **Introduction**
During the past year we continued to engage with the school with numerous meetings taking place with Martin Rayfield, the Chairman of the Haileybury Council, and Eugene du Toit, the Master, to bring about the close cooperation required between the Haileybury Society and the school. Unfortunately, after this year’s Foundation Day event which took place at Haileybury on Sunday 7th September 2025 Martin Rayfield and Eugene du Toit informed us that they would be terminating the Cooperation Agreement. They felt that there should be a six month pause in negotiations as they further their plans for the Haileybury Society to become a part of their new concept the Haileybury Association embracing the Haileybury Foundation – a fundraising arm of the Association, the Haileybury Society – a social arm of the Association and Haileybury Connect – a networking arm of the Association. We are anticipating a further meeting of reconciliation in the near future.
## **Aims and Objectives**
## **Objectives and Organisation**
The officers of the Society continue to be Rob Hall as Treasurer, Jane Everard as Society Secretary assisted by Ashley Locke as Office Manager.
Fiona Illingworth continues for another year as our elected President.
The Trustees listed in this Report were all re-elected as Trustees at the AGM on the 30th November 2024.
Doug Everard has been elected by the Trustees as Chairman of Trustees with Colin Barber standing down after four years.
## **Significant Activities**
## **2025 Activities**
Trustee meetings have taken place regularly during the year. At those meetings, there has always been a review of the progress of the cooperation agreement negotiations taking place with the school between various Trustees and Martin Rayfield as Chairman of the Haileybury Council and the Master, Eugene du Toit.
Our financial position has been well maintained by Rathbones (previously Investec) and has been regularly overseen by our investment sub-committee. Many thanks are due to all those on this sub-committee: Catherine MacLeod-Smith, Scott Woods, John Cook, John Dodwell and Richard Goldson.
Ashley Locke has continued to do a wonderful job as Office Manager.
The team under the direction of our Society Secretary, Jane Everard, has continued to provide Society News with website postings, newsletters, and a social networking presence. Additional Haileyburiana items have been available for our members to purchase.
Our Treasurer, Rob Hall, has continued to maintain our accounts, carefully preparing the necessary budgets.
Our President, Fiona Illingworth, has been actively engaged and has attended most of our events during the year.
We were able to hold many events this year, which are detailed in this annual report.
In planning our activities, the Trustees consider how they will contribute to our aims and objectives, and endeavour to ensure that these activities are carried out for the public benefit as guided by the Charity Commission, as well as being valued by our members.
## **Public Benefit**
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
Page 1
**The Haileybury Society Trustees' Report (continued) For The Year Ended 31 May 2025**
## **Financial Review**
## **Financial Results**
The Statement of Financial Activities follows in the next pages.
Our income from Gift aided annual subscriptions, donations and legacies was £63,123 (£17,037 more than 2024). The Awards and grants paid from both the Restricted and Unrestricted funds was £23,926 (£1,772 less than 2024). Payments to clubs were £4,487 (£1,060 more than 2024). The total regular costs of managing and administering the charity were £175,340 (£6,287 less than 2024). These costs are a necessary part of our existence which are incurred on our staff, who communicate with our members and produce regular e-news information and to maintain an office and website.
Our total income for the year was £118,413 (£28,764 more than 2024). Our total expenses were £175,340 (£6,287 less than 2024). After a net loss of £2,892 on our investments in the year (compared with a gain of £73,515 in 2024) our total investments in the year were reduced by £59,819 to £1,407,213 as at 31st May 2025 (compared with £1,467,032 as at 31st May 2024).
## **Basis of Preparation**
The financial statements that follow have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. The Trustees are satisfied that The Haileybury Society has adequate resources to continue for the foreseeable future and, accordingly, these financial statements have been prepared on the basis that The Haileybury Society is a going concern.
## **Assets and Obligations**
The Society does not own any freehold or leasehold property and there are no significant liabilities.
## **Investment Policy and Performance**
The Trustees’ Investment policy is to balance security, income, and capital growth. The management of the investments, including those of the subsidiary funds, is undertaken by Rathbones under the terms of a management agreement approved by the Trustees. The structure of the investment portfolio and the performance of the investment manager are monitored regularly by the Society’s Investment Sub-Committee.
## **Grant-making Policy and Activity**
The Trustees make grants to Haileybury with the aim of a) providing bursaries for pupils who might otherwise be unable to attend or remain at Haileybury and b) providing or improving facilities and prizes which the school might otherwise be unable to afford. Scholarship and bursary awards are also made from the subsidiary restricted funds administered by the Society in accordance with the purposes prescribed by their donors.
## **Source of funds**
The running costs of the Society, including the provision of membership services, are met from the Life Subscription fund. Grants and awards are made to the School from the Society’s investment income and from additional voluntary subscriptions made by members. From time to time the Society receives legacies from the estates of deceased members.
## **Reserves Policy**
The Trustees aim to retain sufficient reserves to fund the Society’s ongoing activities.
## **The Future**
Our unrestricted funds have been reducing for many years. As we remain committed to our objectives, we will be raising funds from our members so that we can continue to provide services and arrange regular events for our members. We will continue to meet our responsibilities with regard to payments from the Restricted Funds. We will continue to make grants and bursaries, as approved by the Trustees. The intention at the last AGM to continue fundraising activities to provide all these services for the benefit of our Members and the school has not raised any significant amount. We are hoping that this necessary exercise will be more successful in the coming year.
Page 2
**The Haileybury Society Trustees' Report (continued) For The Year Ended 31 May 2025**
## **Governing Document**
## **Constitution, Structure, Governance and Management**
The Haileybury Society was constituted as an unincorporated association on 2nd August 1957. It is a registered charity (Number 310014) and its governing document is its Rules, as ratified at the AGM in December 2023 and available on the Society’s website and from the Society office.
Membership is open to former pupils, past and present members of staff and governors of Haileybury and Imperial Service College and its predecessor schools.
## **Risk Management**
Monitoring the Governance of the Society, including identifying risk and any mitigation required, is an established agenda item at Trustees’ meetings to enable us to provide an audit trail if required.
We will continue to pay particular attention to changes recommended in Charity SORP guidelines and Data Protection legislation and will make amendments to operational and reporting activities accordingly.
## **Reference and Administrative Details**
The Executive Officers, Trustees and advisers who were in office on 31[st] May 2025 are listed below.
The Trustees listed were elected or re-elected at the Society’s AGM on 30[th] November 2024.
## **Chairman of Trustees**
I Colin Barber (K 61)
## **President**
Fiona Illingworth (née Short) (BF 76 & Alb)
## **Society Secretary**
I Jane Everard (née Etherington) (L76 & Alb)
## **Treasurer**
I Rob C Hall (E 69)
## **Trustees**
Alison Baker (Former Staff) James Dahl (L 93) Sophie Day (C 11) Nick Down (A 74) Doug Everard (BF 73) Lizzie Graham (née Coldwells) (K76 & Alb) Phillip Huckin (B 67) Andrew Nolan (BF 87) Charles Richards (LS & Th 02) Ben Tett (Th 92) I Scott Woods (LS & Th 01)
(I – Investment Sub-Committee)
## **Consultant to the Trustees**
Donald MacLeod (A 50)
## **Investment Sub-Committee**
John Cook (A 65) John Dodwell (BF 55) Richard Goldson (BF 59) Catherine MacLeod-Smith (L & Alb 79)
**Charity Number** 310014
## **Principal Address**
77 Railway Street, Hertford, Hertfordshire, SG14 1RP
## **Independent Examiner**
Michael Grant MAAT Minford Accountants, Moyola House, 31 Hawthorne Grove, York, YO31 7YA
Page 3
**The Haileybury Society Trustees' Report (continued) For The Year Ended 31 May 2025**
## **Bankers**
National Westminster Bank Plc, 214 High Holborn, London, WC1V 7BX CCLA Charity Funds , 80 Cheapside , London , EC2V 6DZ
## **Investment Management**
Rathbones Wealth & Investment, 30 Gresham Street, London, EC2V 7QN
Page 4
**The Haileybury Society Trustees' Report (continued) For The Year Ended 31 May 2025**
## **Statement of Trustees' Responsibilities**
As ever, the Trustees are mindful of the Charity Commission’s guidance on public benefit in the execution of their responsibilities. Charity Law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the Charity’s state of affairs at the end of the period and of its surplus or deficit for that period. In preparing these Financial Statements, the Trustees are required to:
- Select suitable accounting policies and then apply them consistently.
- Make judgements and estimates that are reasonable and prudent.
- State whether the policies are in accordance with applicable accounting standards.
- Prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the Financial Statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
As Chairman of Trustees, I confirm that there is no information relevant to the Independent Examiners of which they are unaware and that the Trustees have taken the necessary steps to ensure they themselves are aware of all relevant information and make sure the Independent Examiners are aware of it.
## **Thanks**
Many thanks to all the Officers, Trustees and Members of the Society.
Our Society Secretary, Jane Everard, deserves special mention for all the duties she has carried out tirelessly.
Rathbones, our Investment Manager, has continued to make the best use of our capital funds and deserve our thanks for maintaining these in what was another difficult investment financial year.
Michael Grant of Minford Accountants, York took over as our Independent Examiner last year and has ensured our accounts are all in order.
Though, with regret, the cooperation agreement with the school has stalled, I believe we can continue to remain a vibrant Society with full engagement with our members.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Colin Barber (K61) Chairman of trustees
Fiona Illingworth President
30[th] November2025
Page 5
**The Haileybury Society Independent Examiner's Report to the Trustees of The Haileybury Society For The Year Ended 31 May 2025**
I report to the trustees on my examination of the accounts of The Haileybury Society (the Charity) for the year ended 31 May 2025.
## **Responsibilities and Basis of Report**
As the charity trustees of the Society you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Charities accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent Examiner's Statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Michael Grant MAAT 30th November 2025
Minford Accountants Moyola House, 31 Hawthorne Grove York YO31 7YA
Page 6
**The Haileybury Society Statement of Financial Activities For The Year Ended 31 May 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Charitable activities:
Raising funds
Investments
**4**
Other
**5**
**EXPENDITURE ON:**
Charitable activities:
**6**
Charitable Activities
Membership services
Managing and admin
Investment management costs
NET EXPENDITURE BEFORE INVESTMENT LOSSES
Net (losses)/gains on investments
NET EXPENDITURE
NET MOVEMENT IN FUNDS
**RECONCILIATION OF FUNDS:**
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
**17**|**Unrestricted**
**funds**
**£**
63,123
16,158
11,484
1,463|
**Restricted**
**funds**
**£**
-
-
26,184
-|**2025**
**Total funds**
**£**
63,123
16,158
37,668
1,463|**2024**
**Total funds**
**£**
46,086
-
42,387
1,176|
|---|---|---|---|---|
||92,229|
26,184|
118,413|
89,649|
||(11,125)
(59,283)
(64,608)
(14,148)|(12,900)
-
(13,276)
-|(24,025)
(59,283)
(77,884)
(14,148)|(25,698)
(59,983)
(81,708)
(14,238)|
||(149,164)|(26,176)|(175,340)|(181,627)|
||(56,935)
(879)|8
(2,013)|
(56,927)
(2,892)|(91,978)
73,515|
||(57,814)|(2,005)|(59,819)|(18,463)|
||(57,814)
445,902|(2,005)
1,021,130|(59,819)
1,467,032|(18,463)
1,485,495|
||388,088|
1,019,125|
1,407,213|
1,467,032|
The notes on pages 11 to 17 form part of these financial statements.
Page 7
## **The Haileybury Society Comparative Statement of Financial Activities For The Year Ended 31 May 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Charitable activities:
Investments
**4**
Other
**5**
**EXPENDITURE ON:**
Charitable activities:
**6**
Charitable Activities
Membership services
Managing and admin
Investment management costs
NET EXPENDITURE BEFORE INVESTMENT LOSSES
Net gains on investments
NET EXPENDITURE
NET MOVEMENT IN FUNDS
**RECONCILIATION OF FUNDS:**
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
**17**|**Unrestricted**
**funds**
**£**
46,086
16,191
1,176|
**Restricted**
**funds**
**£**
-
26,196
-|**2024**
**Total funds**
**£**
46,086
42,387
1,176|
|---|---|---|---|
||63,453|
26,196|
89,649|
||(7,945)
(59,983)
(77,299)
(14,238)|(17,753)
-
(4,409)
-|(25,698)
(59,983)
(81,708)
(14,238)|
||(159,465)|(22,162)|(181,627)|
||(96,012)
28,024|4,034
45,491|
(91,978)
73,515|
||(67,988)|49,525|
(18,463)|
||(67,988)
513,888|49,525
971,607|
(18,463)
1,485,495|
||445,900|
1,021,132|
1,467,032|
The notes on pages 11 to 17 form part of these financial statements.
Page 8
## **The Haileybury Society Statement of Financial Position As At 31 May 2025**
|**Notes**
**FIXED ASSETS**
Investments
**12**
**CURRENT ASSETS**
Stocks
**13**
Debtors
**14**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**15**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Restricted Funds
Unrestricted Funds
TOTAL FUNDS
**17**
On behalf of the board|**2025**
**Total funds**
**£**
1,421,376|**2024**
**Total funds**
**£**
1,478,416|
|---|---|---|
||1,421,376
14,520
1,065
16,568|
1,478,416
10,919
10,235
15,415|
||32,153
**(46,316 )**|
36,569
**(47,953 )**|
||**(14,163 )**|**(11,384 )**|
||**1,407,213**|
**1,467,032**|
||**1,407,213**|
**1,467,032**|
||1,019,125
388,088|
1,021,132
445,900|
||1,407,213|
1,467,032|
||||
Colin Barber Fiona Illingworth Chairman of Trustees President 30th November 2025
The notes on pages 11 to 17 form part of these financial statements.
Page 9
**The Haileybury Society Statement of Cash Flows For The Year Ended 31 May 2025**
|**Notes**
**Cash flows from operating activities**
Net cash used in operations
**1**
Net cash used in operating activities
**Cash flows from investing activities**
Interest received
Cash generated from investing activities
Net cash generated from investing activities
Increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
**2**
Cash and cash equivalents at end of year
**2**|**2025**
**£**
(36,514 )
(36,514 )
50
37,618
37,668
1,154
15,415
16,569|**2024**
**£**
(36,339 )|
|---|---|---|
|||(36,339 )|
|||53
42,334|
|||42,387|
||||
|||6,048
-|
|||6,048|
Page 10
**The Haileybury Society Notes to the Statement of Cash Flows For The Year Ended 31 May 2025**
## **1. Reconciliation of expenditure to cash used in operations**
|**.** **Reconciliation of expenditure to cash used in operations**|||
|---|---|---|
|Net expenditure
Adjustments for:
Interest income
Income from investments
Movements in working capital:
Increase in stocks
Decrease/(increase) in trade and other debtors
(Decrease)/increase in trade and other creditors
Net cash used in operations|**2025**
**£**
(31,442)
(50 )
(37,618)
(3,601 )
37,547
(1,350 )
(36,514 )|**2024**
**£**
(18,463)
(53 )
(42,334)
(10,919 )
(10,235 )
45,665|
|||(36,339 )|
## **2. Cash and cash equivalents**
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:
|**2025**
**£**
Cash at bank and in hand
16,568
**3.** **Analysis of changes in net funds**
**As at 1 June**
**2024**
**Cash flows**
**£**
**£**
Cash at bank and in hand
15,415
1,153|**2024**
**£**
15,415|
|---|---|
||**As at 31 May**
**2025**
**£**
16,568|
Page 11
**The Haileybury Society Notes to the Financial Statements For The Year Ended 31 May 2025**
## **1. General Information**
The Haileybury Society is an unincorporated charity registered with the Charity Commission, registered charity number 310014. The principal address is 77 Railway Street, Hertford, Hertfordshire, SG14 1RP.
## **2. Accounting Policies**
## **2.1. Basis of Preparation of Financial Statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
## **2.2. Stocks and Work in Progress**
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the statement of financial activities. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the statement of financial activities.
## **2.3. Cash and Cash Equivalents**
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
## **3. Income from Donations and Legacies**
|Donations and gifts:
Legacies, special donations, events and gift aid
Member subscriptions and sponsorships
Gift aid
**.** **Investment Income**
Bank interest receivable
Portfolio income|**Unrestricted**
**funds**
**£**
50
11,434|**2025**
**Unrestricted **
**funds**
**£**
52,172
8,509
2,442|**2024**
**Unrestricted**
**funds**
**£**
35,352
10,734
-|
|---|---|---|---|
|||63,123|
46,086|
|||**Restricted**
**funds**
**£**
-
26,184|**2025**
**Total**
**funds**
**£**
50
37,618|
||11,484|
26,184|
37,668|
## **4. Investment Income**
Page 12
**The Haileybury Society Notes to the Financial Statements (continued) For The Year Ended 31 May 2025**
|Bank interest receivable
Portfolio income
**5.** **Other Income**
Sales / expenses from Haileyburiana
**6.** **Analysis of Expenditure**
Charitable Activities
Membership services
Managing and admin
Investment management costs
Charitable Activities
Membership services
Managing and admin
Investment management costs|**2024**
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**funds**
**£**
**£**
**£**
53
-
53
16,138
26,196
42,334
16,191
26,196
42,387
**2025**
**2024**
**Unrestricted funds Unrestricted funds**
**£**
**£**
1,463
1,176
**2025**
**Activities**
**undertaken**
**directly**
(see note 7 )
**Support**
**costs**
(see note 8 )
**Total**
**£**
**£**
**£**
24,025
-
24,025
59,283
-
59,283
17,142
60,742
77,884
14,148
-
14,148
114,598
60,742
175,340
**2024**
**Activities**
**undertaken**
**directly**
(see note 7 )
**Support**
**costs**
(see note 8 )
**Total**
**£**
**£**
**£**
25,698
-
25,698
59,983
-
59,983
16,606
65,102
81,708
14,238
-
14,238
116,525
65,102
181,627|**Unrestricted**
**funds**
**£**
53
16,138|**Unrestricted**
**funds**
**£**
53
16,138|**Restricted**
**funds**
**£**
-
26,196|**Restricted**
**funds**
**£**
-
26,196|**2024**
**Total**
**funds**
**£**
53
42,334|
|---|---|---|---|---|---|---|
|||16,191|||26,196|
42,387|
||114,598||
60,742||||
||**Activities**
**undertaken**
**directly**
(see note 7 )
**£**
25,698
59,983
16,606
14,238||**Support**
**costs**
(see note 8 )
**£**
-
-
65,102
-||||
||116,525||
65,102||||
Page 13
## **The Haileybury Society Notes to the Financial Statements (continued) For The Year Ended 31 May 2025**
## **7. Direct Costs**
|Fundraising activities:
Expenses from charitable events
Clubs and promotional activities
Awards and grants paid
Investment management costs:
Investment management costs
Cost of goods sold:
Arm in arm
Employee costs:
Wages and salaries
Employers pensions - defined benefit schemes
Premises expenses:
Premises costs
General administration:
Computer software, IT consumables and
maintenance
Fundraising activities:
Expenses from charitable events
Clubs and promotional activities
Awards and grants paid
Investment management costs:
Investment management costs
Employee costs:
Wages and salaries
Premises expenses:
Premises costs
General administration:
Computer software, IT consumables and
maintenance|**Charitable**
**Activities**
**£**
-
-
23,926
-
99
-
-
-
-|**Membership**
**services**
**£**
26,753
4,487
-
-
-
23,987
3,795
-
261|**Managing**
**and admin**
**£**
-
-
-
-
-
-
-
17,142
-|**Investment**
**management**
**costs**
**£**
-
-
-
14,148
-
-
-
-
-|**2025**
**Total**
**£**
26,753
4,487
23,926
14,148
99
23,987
3,795
17,142
261|
|---|---|---|---|---|---|
||24,025|
59,283|
17,142|
14,148|
114,598|
||**Charitable**
**Activities**
**£**
-
-
25,698
-
-
-
-|**Membership**
**services**
**£**
10,151
3,427
-
-
45,497
-
908|**Managing**
**and admin**
**£**
-
-
-
-
-
16,606
-|**Investment**
**management**
**costs**
**£**
-
-
-
14,238
-
-
-|**2024**
**Total**
**£**
10,151
3,427
25,698
14,238
45,497
16,606
908|
||25,698|
59,983|
16,606|
14,238|
116,525|
Page 14
**The Haileybury Society Notes to the Financial Statements (continued) For The Year Ended 31 May 2025**
## **8. Support Costs**
|Employee costs:
Wages and salaries
Travel and subsistence expenses
General administration:
Computer software, consumables and maintenance
Insurance
Printing
Postage
Telecommunications and data costs
Independent examiner's fees
Professional fees
Subscriptions
Bank charges
Sundry expenses
Employee costs:
Wages and salaries
General administration:
Computer software, consumables and maintenance
Insurance
Printing
Postage
Telecommunications and data costs
Independent examiners fees
Subscriptions
Bank charges
Sundry expenses
**.** **Independent Examiner's Remuneration**
Independent examination of the financial statements
Other assurance services
Tax advisory services
Other financial services|**2025**
**£**
3,000
-
-
-
3,000|**2025**
**Managing**
**and admin**
**£**
19,073
12,028
19,830
1,167
1,699
1,071
913
3,000
1,218
135
167
441|
|---|---|---|
|||60,742|
|||**2024**
**Managing**
**and admin**
**£**
13,228
43,115
1,069
1,799
1,126
917
2,637
135
126
950|
|||65,102|
|||**2024**
**£**
3,000
-
-
-|
|||3,000|
## **9. Independent Examiner's Remuneration**
Page 15
**The Haileybury Society Notes to the Financial Statements (continued) For The Year Ended 31 May 2025**
## **10. Staff Costs**
Staff costs were as follows:
|**0.** **Staff Costs**
taff costs were as follows:|||
|---|---|---|
|Wages and salaries
Other pension costs|**2025**
**£**
43,060
3,795
46,855|**2024**
**£**
58,725
-|
|||58,725|
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
## **11. Average Number of Employees**
Average number of employees during the year was: 2 (2024: 2)
## **12. Investments**
|**Cost or Valuation**
As at 1 June 2024
Revaluations
As at 31 May 2025
**Provision**
As at 1 June 2024
As at 31 May 2025
**Net Book Value**
As at 31 May 2025
As at 1 June 2024
**13.** **Stocks**
Stock
**14.** **Debtors**
**Due within one year**
Other debtors
**15.** **Creditors: Amounts Falling Due Within One Year**
Other creditors
Accruals and deferred income|**2025**
**£**
14,520
**2025**
**£**
1,065
**2025**
**£**
41,315
5,001
46,316|**Listed**
**£**
1,478,416
(57,040 )|
|---|---|---|
|||1,421,376|
|||-|
|||-|
|||1,421,376|
|||1,478,416|
|||**2024**
**£**
10,919|
|||**2024**
**£**
10,235|
|||**2024**
**£**
42,665
5,288|
|||47,953|
Page 16
**The Haileybury Society Notes to the Financial Statements (continued) For The Year Ended 31 May 2025**
## **16. Deferred Income**
Deferred income movements in the year were as follows:
|**6.** **Deferred Income**
eferred income movements in the year were as follows:|||
|---|---|---|
|Balance at the start of the period
Income deferred in the current period
Balance at the end of the period|**2025**
**£**
2,288
(287)|**2024**
**£**
-
2,288|
||2,001|
2,288|
## **17. Movement in Funds**
|**Unrestricted funds**
General:
General unrestricted fund
**Restricted funds**
General restricted fund
**Total funds**
**Unrestricted funds**
General:
General unrestricted fund
**Restricted funds**
General restricted fund
**Total funds**|**As at 1 June**
**2024**
**£**
445,902
1,021,130|**Income**
**£**
92,229
26,184|**Expenditure**
**£**
(150,043)
(28,189)|**As at 31 May**
**2025**
**£**
388,088
1,019,125|
|---|---|---|---|---|
||1,467,032|
118,413|
(178,232)|1,407,213|
||**As at 1 June**
**2023**
**£**
513,888
971,607|**Income**
**£**
63,453
26,196|**Expenditure**
**£**
(131,441)
23,329|**As at 31 May**
**2024**
**£**
445,900
1,021,132|
||1,485,495|
89,649|
(108,112)|1,467,032|
## **18. Transactions with Trustees**
The Trustees received remuneration for travel related expenses totalling £147.10 in the year (2024: Nil).
## **19. Related Party Disclosures**
The Haileybury School made a donation of £30,000 to support the charitable activities of The Haileybury Society in the year.
No other related party transactions took place that require disclosure.
Page 17