**Charity Registration No. 326839 Company Registration No. 01890971 (England and Wales)** 

## **THE HOBSON CHARITY LIMITED** 

# **DIRECTORS’ REPORT AND FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED 31 MARCH 2021** 



## **THE HOBSON CHARITY LIMITED** 

## **CONTENTS** 

||**Page**|
|---|---|
|Legal and Administrative Information|1|
|Directors’ Report|2 – 6|
|Independent Auditor’s Report|7 – 10|
|Statement of Financial Activities|11|
|(including an income and expenditure account)||
|Balance Sheet|12|
|Statement of Changes in Equity|13|
|Statement of Cash Flows|14|
|Notes to the Financial Statements|15 – 42|





## **THE HOBSON CHARITY LIMITED** 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

|**Charity Status**|Registered in England and Wales|
|---|---|
|**Charity Registration Number**|326839|
|**Registered Office**|Suite 104|
||6 The Broadway|
||Mill Hill|
||London NW7 3LL|
|**Correspondence Address**|PO Box 57691|
||London|
||NW7 0GR|
|**Company Registration Number**|<br>01890971|
|**Trustees and Directors**|Lady Patricia Hobson OBE (Chair)|
||Deborah Hobson|
||Jennifer Richardson|
||Elizabeth Kelsall|
||Emma Richardson|
|**Administrator / main contact**|Mark Turner|
|**Website**|www.hobsoncharity.org.uk|
|**Bankers**|Lloyds Bank Plc|
||39 Threadneedle Street|
||London EC2R 8AU|
|**Auditors**|Lewis Golden LLP|
||Chartered Accountants and Statutory Auditors|
||40 Queen Anne Street|
||London W1G 9EL|
|**Solicitors**|Edwin Coe LLP|
||2 Stone Buildings|
||Lincoln’s Inn|
||London WC2A 3TH|
|**Investment Advisors**|Sarasin & Partners LLP|
||Juxon House|
||100 St Paul’s Churchyard|
||London EC4M 8BU|



-1- 



## **THE HOBSON CHARITY LIMITED** 

## **DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MARCH 2021** 

The directors are pleased to present their report together with the audited financial statements of the charitable company (“the charity”) for the year ended 31 March 2021, which also represents the trustees’ report which is required to be prepared by Part 8 of the Charities Act 2011. 

The directors of the charity are its trustees for the purpose of charity law, as set out on page 1, and throughout the financial statements are collectively referred to as the trustees. 

The financial statements have been prepared in accordance with accounting policies set out on pages 15 to 17 and with applicable United Kingdom accounting standards, current statutory requirements, the Charities Act 2011, the Companies Act 2006 (Charitable Companies), 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) (2nd Edition, effective January 2019), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (‘FRS 102’) and the charity’s governing document. Legal and administrative information set out on page 1 forms part of this report. 

## **Objectives and activities for the public benefit** 

The Hobson Charity was founded in 1985 and was established to achieve the following objectives: 

- The relief of poverty, suffering and distress of those in need in the United Kingdom, including the provision of facilities for recreation and leisure in the interests of their social welfare 

- The advancement of education amongst the inhabitants of the United Kingdom 

- The furtherance of other charitable purposes beneficial to such communities of the United Kingdom as the charity may think fit 

- To make grants to such associations, trusts, societies or corporations established for charitable purposes 

The trustees will consider applications for grants which are in accordance with the stated objectives of the charity and: 

- are from a registered charitable organisation based in England and Wales; 

- do not include salary, people or core running costs of any kind; 

- • are not repeat or multi-year requests. 

Exceptions to these principles are only considered in (very) exceptional circumstances. 

In the short-term, the charity carries out its objectives by making grants to a wide range of charitable causes as quantified in note 5 to the financial statements. The charity aims to distribute grants to those charitable organisations that the board of trustees decide are in line with the objectives of the charity. By providing such financial support the charity seeks to enable other charitable organisations to achieve their objectives. 

The trustees’ long-term aim is to maintain total funds at a level which will generate investment income to fund future grant making at a level of approximately £1.2m per annum in perpetuity. In the current year, the charity achieved total investment income of £1,430,103 (2020: £955,366). The Charity is staggering its reinvestment plans to spread its risk exposure and thus a lower level of investment income is expected for the coming years. Under the Memorandum and Articles of Association, the charity has the power to invest without any restrictions any monies of the charity upon such investments and in such manner as may from time to time be expedient. 

- 2 - 



## **THE HOBSON CHARITY LIMITED** 

## **DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

## **Objectives and activities for the public benefit (continued)** 

The trustees confirm that in accordance with section 17 of the Charities Act 2011, they have referred to the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning their future grant making activities. 

During the year ended 31 March 2021, the trustees aimed to distribute a minimum of £1,200,000 (2020: £1,200,000) in grants. In March 2020, due to Covid-19, the trustees decided to consider and prioritise urgent applications from ‘frontline service’ charitable organisations. The section ‘Achievements and performance’ below contains further details of grants made during the year. 

## **Achievements and performance** 

During the year the trustees approved 219 grants totalling £1,590,702 (2020: £845,716). Of this total, £563,385 (2020: £401,617) falls due for payment in future years. This was more than the charities’ objective for the year due to the large number of applications held back from the prior year. The following table puts the charity’s grants for the year into broad categories and shows the prior year for comparison. Full details of the grant recipients are set out in note 5 to the financial statements. 

|ut in note 5 to the financial statements.|||||
|---|---|---|---|---|
|**Category**|**2021**<br>**Amount**<br>**£**|**2021**<br>**Number**<br>**of grants**|**2020**<br>**Amount**<br>**£**|**2020**<br>**Number**<br>**of grants**|
|Animals|610,444|39|20,449|9|
|Bereavement|1,200|1|5,037|2|
|Cathedral|3,500|1|10,000|1|
|Community|172,609|32|115,181|28|
|Disability|149,862|35|56,935|19|
|Domestic Abuse|6,584|2|1,750|2|
|Education|24,200|7|80,209|16|
|Elderly|32,340|11|8,235|6|
|Environmental|3,000|1|11,900|2|
|Family|13,808|3|5,507|1|
|Health & Wellbeing|14,222|5|11,320|2|
|Heritage|-|-|43,285|4|
|Homeless|35,281|9|1,775|1|
|Hospice|98,631|18|41,135|7|
|Life-Limiting|8,765|3|7,000|3|
|Medical|99,125|15|305,637|20|
|Mental Health|57,500|5|6,300|3|
|Museum|-|-|4,200|2|
|Music|30,000|1|1,000|1|
|Poverty|27,255|8|10,000|2|
|Rehabilitation|5,600|1|17,717|6|
|Rescue|5,950|1|15,002|2|
|Research|-|-|10,000|1|
|Theatre|11,500|2|9,859|3|
|Veterans|82,600|7|15,000|2|
|Youth|96,726|12|31,105|15|
|**Total of grants approved in year**|**1,590,702**|**219**|**845,538**|**160**|
|**Less: grants cancelled from previous**<br>**years**|**(45,944)**||**(130,907)**||
|**Total**|**1,544,758**||**714,631**||



- 3 - 



## **THE HOBSON CHARITY LIMITED** 

## **DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

## **Achievements and performance (continued)** 

During the year 219 grants (2020: 160) were awarded to 217 different beneficiaries (2020: 160) in furtherance of the charity’s objectives. 

The charity received investment income (net of the managers charges) of £1,274,002 from Sarasin & Partners LLP Investment Fund (2020: £704,480) the increase is as expected. 

The charity received interest of £5,174 (2020: £151,892), incurred governance costs of £93,347 (2020: £98,340) and investment management fees of £150,927 (2020: £98,994). 

The trustees invested a further £133,220 (2020: £24,251,989) in the current year into the portfolio held with Sarasin & Partners LLP. The fair value of the investment portfolio at the balance sheet date was £38,677,440 (2020: £31,822,784). The trustees believe this portfolio is adequately diversified and will provide beneficial investment returns in the future. 

## **Financial review** 

The charity’s activities resulted in net incoming resources on the Unrestricted Income Fund for the year of £891,072 (2020: £43,401). 

The total amount received during the year into the Unrestricted Income Fund was £1,279,176 net of the investment managers charges (2020: £856,372). The usual principal funding sources of the charity are the income from the investments and bank interest. Donations received amounted to £1,250,000 (2020: £nil). These sources generate enough income to enable the charity to meet its objectives. No transfers were made from the Expendable Endowment Fund to the Unrestricted Income Fund. The Expendable Endowment Fund increased by a net amount of £6,740,801. This was made up of an increase of the unrealised gain of £6,740,801 (2020: loss of £2,459,304) on the Sarasin & Partners LLP Investment Fund. The charity holds an expendable endowment fund to ensure the aims of the charity can be met in perpetuity. 

As at 31 March 2021 the charity had total funds carried forward of £47,116,082 (2020: £39,484,209). 

The trustees consider the risks associated with the assets in which funds are held and aim to maintain an appropriate mix of assets in order to realise the long-term aim. 

## **Plans for future periods** 

At the time of writing, the trustees are continuing focusing their attention to urgent Covid-19 related applications from ‘frontline’ service charitable organisations. 

The charity is a paperless organisation, the trustees have developed an online application portal, any potential applicants are advised to visit the portal found at www.hobsoncharity.org.uk for up-to-date availability of funds and advice on how to apply.  The portal is managed by the administrator, Mark Turner who can be contacted by email at post@hobsoncharity.org.uk or if email is not possible then to the correspondence address PO Box 57691, London, NW7 0GR. 

Grant applications must: be consistent with the charity’s objectives; exclude core costs, people or salary costs; and include the project details, a detailed budget and the most recent year end financial statements. 

The trustees intend to distribute a total of approximately £1.2m from the unrestricted funds during the year ending 31 March 2022 and to review how the charity’s grants have been applied by the recipients of previous donations and grants and progress made by projects that the charity’s funding has made possible. 

- 4 - 



## **THE HOBSON CHARITY LIMITED** 

## **DIRECTORS’ REPORT** 

## **FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

## **Plans for future periods (continued)** 

The trustees continue to work with their investment advisors Sarasin & Partners LLP in seeking alternative appropriate investment opportunities. The trustees intend to increase their investment holding with Sarasin & Partners LLP in the future up to a total investment of £36m. 

The trustees are confident that through a combination of different income streams, they will receive sufficient income to enable the charity to meet its objectives. 

Covid-19 has not had a significant impact on the Charity. The trustees have determined that there is no material uncertainty that casts doubt on its ability to continue as a going concern. The trustees expect that Covid-19 might have some impact, though not significant, for example, in relation to expected future performance, or the effects on some future asset valuations. 

## **Structure, governance and management.** 

The Hobson Charity Limited is a company limited by shares and a registered charity governed by its Memorandum and Articles of Association. 

The charity may by ordinary resolution appoint a person who is willing to act to be a trustee either to fill a vacancy or as an additional trustee. Subject to Article 31, a trustee may be appointed under the Memorandum and Articles of Association to hold office for life or any other period or upon such terms in respect of their retirement as the trustees shall at the time of their appointment determine. Any person may be appointed or elected as a trustee, whatever may be their age, and no trustee shall be required to vacate their office by reason of their attaining or having attained the age of seventy years or any other age. 

The trustees have considered the recruitment, appointment and training of new trustees. They agreed that any new trustee would have to be reputable, professional and be selected based on their suitability for the role. Training in financial accounting should be a requirement, although this would be dependent on the experience and knowledge of the trustee. Training in the role and responsibilities of a charity trustee would be mainly in the form of publications available from the Charity Commission. Any queries would be addressed to relevant professional advisors as required. As part of the induction process, new trustees are familiarised with the charity’s governing document. 

All trustees give their time freely and no trustee remuneration was paid in the current and prior year. 

Decisions are made by the trustees with regards to grant making and other areas, with the consent of all trustees at board meetings. 

## **Principal risks and uncertainties** 

During the year the trustees have undertaken a risk assessment. The assessment helped to identify the major risks to which the charity is exposed. 

The principal risk and uncertainty for the charity is that not enough income is generated in order to award grants and cover any governance costs. The charity holds a mixed portfolio of investments and the trustees have established a system to review major risks and to mitigate those risks by regularly reviewing the portfolio.  The exposure of the charity to price risk, credit risk, liquidity risk and cash flow risk from holding its investments is therefore limited. 

## **Reference and administrative information** 

The reference and administrative information set out on page 1 of forms part of this report. 

The trustees who served during the year are shown on page 1 of this report. 

- 5 - 



THE HOBSON CHARITY LIMITED
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)
Statement of trustees, responsibilities
The trustees {who are also the directors for the purpose of company lawl are responsible for preparing the Annual
Report and the financial statements in accordan￿ with applicable law and regulations.
Company law requires the trustees lo prepare financial statements for each financial y8ar. Under thal law the
trustees must prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting
Practice (United Kingdom Accounting Standards and applicable lawl. Under company law the trustees must not
approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs
of the charitable company and of the incoming reSoUr￿S and application ol resources, including the income and
expenditure, of the charitable company for that period.
In preparing these financial statements, the trustees are required lo:
select sullable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP.,
make judgments and accounting estimates that are reasonable and prudent,.
state whether applicable UK Accounting Standards have been followed, subject lo any material departures
disclosed and explained in the financial slatemenls", and
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
charitable company will continue to operate.
The trustees are responsible for keeplng 2dequate accounting records that are sufficient to show and explain the
charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the
charitable company and enable them to ensure that the financial statements comply with the Companies Act
2006. They are also responsible for safeguarding the assets of the company and hence for takin9 reasonable
steps for the prevention and detection of fraud and other irregularities.
The twstees confim that so far as they are aware, there is no relevant audit information las defined by section 418
of the Companies Act 20061 of which the charitable wmpany's auditors are unaware. They have taken all the steps
that they ought lo have taken as trustees in order to make themselves aware of any relevant audit information and
to establish that the charitable companrfs auditors are aware of that inform81ion.
In preparing this report. The Trustees have taken advantage of the small companies exemptions provided by section
415A ofthe Companies Act 2006,.
The trustees authorise the Directors, Report.
By order of the trustees
Lady Patricia Hobson OBE
Trustga
Deborah Hobson
Trustee
Jennifer Rl¢hardson
Trustee
Date..
| 8[ts,

## **THE HOBSON CHARITY LIMITED** 

## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE HOBSON CHARITY LIMITED** 

## **Opinion** 

We have audited the financial statements of The Hobson Charity Limited (the ‘charitable company’) for the year ended 31 March 2021 which comprise the Statement of Financial Activities (including an income and expenditure account), the Balance Sheet, the Statement of Changes in Equity, the Statement of Cash Flows and related Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice). 

In our opinion, the financial statements: 

- give a true and fair view of the state of the charitable company’s affairs as at 31 March 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Companies Act 2006. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## **Other information** 

The trustees are responsible for the other information. The other information comprises the information included in Directors’ Report other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 

- 7 - 



## **THE HOBSON CHARITY LIMITED** 

## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE HOBSON CHARITY LIMITED (CONTINUED)** 

## **Opinions on other matters prescribed by the Companies Act 2006** 

In our opinion, based on the work undertaken in the course of the audit: 

- the information given in the Directors’ Report, prepared for company law purposes, which includes the Trustees’ Report, for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the Directors’ Report has been prepared in accordance with applicable legal requirements. 

## **Matters on which we are required to report by exception** 

In light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors’ Report. 

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: 

- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- certain disclosures of trustees’ remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit; or 

- the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Directors’ Report. 

## **Responsibilities of trustees** 

As explained more fully in the trustees’ responsibilities statement set out on page 6 the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 

## **Auditor’s responsibilities for the audit of the financial statements** 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

We tailored the scope of our audit to ensure that we performed sufficient work to be able to give an opinion on the financial statements as a whole. We used the outputs of a risk assessment, our understanding of the company, its environment, its controls and critical business processes, to consider qualitative factors in order to ensure that we obtained sufficient coverage across all financial statement line items. 

- 8 - 



## **THE HOBSON CHARITY LIMITED** 

## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE HOBSON CHARITY LIMITED (CONTINUED)** 

## **Auditor’s responsibilities for the audit of the financial statements (continued)** 

Our audit procedures were designed to respond to those identified risks, including non-compliance with laws and regulations (irregularities) and fraud that are material to the financial statements. In identifying and assessing risks of material misstatement in respect of irregularities including non-compliance with laws and regulations, our procedures included but were not limited to: 

- at planning stage, we gained an understanding of the legal and regulatory framework applicable to the charitable company, the industry in which they operate, the structure of the group, and considered the risk of failing to comply with these legal and regulatory requirements; 

- we discussed with management the policies and procedures in place regarding compliance with laws and regulations; 

- we discussed amongst the engagement team the identified laws and regulations, and remained alert to any indications of non-compliance; and 

- during the audit, we focused on areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience and through discussions with the directors (as required by auditing standards), from inspection of the charitable company’s regulatory and legal correspondence and review of minutes of directors’ meetings in the year. 

We also considered those other laws and regulations that have a direct impact on the preparation of financial statements, such as the Companies Act 2006 and the Charities Act 2011 . 

Our procedures in relation to fraud included but were not limited to: 

- inquiries of management whether they have knowledge of any actual, suspected or alleged fraud; 

- gaining an understanding of the internal controls established to mitigate risk related to fraud; 

- using analytical procedures to identify any unusual or unexpected relationships; 

- discussion amongst the engagement team regarding risk of fraud such as opportunities for fraudulent manipulation of financial statements; and 

- scrutiny review of unusual transactions and entry into sensitive nominal ledger accounts. 

The primary responsibility for the prevention and detection of irregularities including fraud rests with both those charged with governance and management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls. 

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor’s Report. 

- 9 - 



## **THE HOBSON CHARITY LIMITED** 

## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE HOBSON CHARITY LIMITED (CONTINUED)** 

## **Use of our report** 

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an Auditor’s Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed. 

## **Andrew Moss (Senior Statutory Auditor)** 

## **For and on behalf of Lewis Golden LLP, Statutory Auditor** 

40 Queen Anne Street London W1G 9EL 

Date: 

- 10 - 



## **THE HOBSON CHARITY LIMITED** 

## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021** 

|**Notes**<br>**Income from:**<br>Voluntary income - donations<br>**2**<br>Investment income<br>**3**<br>**Total**<br>**Expenditure on:**<br>Raising funds:<br>Investment<br>management fees<br>**4**<br>Charitable activities:<br>Grant making<br>**5**<br>Governance costs<br>**7**<br>**Total**<br>**Net income and net**<br>**movement in funds before**<br>**gains and losses on**<br>**investments**<br>Gains/(losses) on investments<br>**10**<br>**Net movement in funds**<br>**Reconciliation of funds:**<br>**Totals funds brought**<br>**forward**<br>**15**<br>**Total funds carried forward**<br>**15, 16**|**Unrestricted**<br>**Income**<br>**Fund**<br>**2021**<br>**£**<br>1,250,000<br>1,430,103<br>2,680,103<br>(150,927)<br>(1,544,757)<br>(93,347)<br>(1,789,031)<br>891,072<br>-<br>891,072<br>18,451,342<br>19,342,414|**Expendable**<br>**Endowment**<br>**Fund**<br>**2021**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>6,740,801<br>6,740,801<br>21,032,867<br>27,773,668|**Total**<br>**Funds**<br>**2021**<br>**£**<br>1,250,000<br>1,430,103<br>2,680,103<br>(150,927)<br>(1,544,757)<br>(93,347)<br>(1,789,031)<br>891,072<br>6,740,801<br>7,631,873<br>39,484,209<br>47,116,082|**Total**<br>**Funds**<br>**2020**<br>**£**<br>**-**<br>955,366|
|---|---|---|---|---|
|||||955,366|
|||||(98,994)<br>(714,631)<br>(98,340)|
|||||(911,965)|
|||||43,401|
|||||(2,459,304)|
|||||(2,415,903)<br>39,484,209|
|||||39,484,209|



The Statement of Financial Activities includes all gains and losses recognised in the year. All incoming resources and resources expended are derived from continuing activities. 

- 11 - 



THE HOBSON CHARITY LIMITED
BALANCE SHEET
AS AT 31 MARCH 2021
2021
2020
Note5
FSxed assets
Investments
10
38.677,440
31.822.784
Currant assets
Debtors
Cash at bank and in hand
11
532,606
8.682,249
282,007
8,054,479
9,214,855
8.336,486
Credltors: amounts falllng due
wlthln one year
12
{665,8631
1561,4461
Net current assets
8,548,992
7,775,040
Total assets less current liabilities
47.226.432
39,597,824
Credltors= amounts falllng due after
more than one year
13
1110.3451
1113,610)
Net assets
47,116,087
39.484,214
Represented by-.
Called up share capital
Unrestricted Income Fund
Expendable Endowment Fund
14
16
16
19.342,414
27,773,668
18.451.342
21,032.867
Total Funds
47,116,082
39.484.209
Net assels
16
47,116,087
39,484.214
These financial statements have been prepared in accordance with the special provisions of part 15 of the
Companies Act 2006 relating to small companies.
The financial statements were approved and authorised for issue by the board of trustees on
4k(LfirL_
Lady Patricia Hobson OBE
Trustee
Oeborah Hobson
Trustee
Jennifer Richardson
Trusteo
(Company Registored No. 01890971 {England & Wales))
(Charity Registergd No. 3268391
12-

## **THE HOBSON CHARITY LIMITED** 

## **STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 MARCH 2021** 

|**Balance as at 1 April**<br>**2019**<br>Net income for the year<br>Net losses on investments<br>Transfer between funds<br>**Balance as at 31 March**<br>**2020**<br>**Balance as at 1 April**<br>**2020**<br>Net income for the year<br>Net gains on investments<br>**Balance as at 31 March**<br>**2021**|**Called**<br>**up**<br>**share**<br>**capital**<br>**£**<br>5<br>-<br>-<br>-<br>5<br>**£**<br>5<br>-<br>-<br>5|**Designated Income**<br>**Fund forming part**<br>**of the Unrestricted**<br>**Income Fund**<br>**£**<br>3,243,400<br>(523,939)<br>-<br>-<br>2,719,461<br>**£**<br>2,719,461<br>447,622<br>-<br>3,167,083|**Unrestricted**<br>**Income Fund**<br>**£**<br>15,164,541<br>567,340<br>-<br>-<br>15,731,881<br>**£**<br>15,731,881<br>443,450<br>-<br>16,175,331|**Unrealised**<br>**Investment**<br>**Property Gains**<br>**forming part of**<br>**the Expendable**<br>**Endowment Fund**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>**£**<br>-<br>-<br>-<br>-|**Expendable**<br>**Endowment Fund**<br>**£**<br>23,492,171<br>-<br>(2,459,304)<br>-<br>21,032,867<br>**£**<br>21,032,867<br>-<br>6,740,801<br>27,773,668|**Total Equity**<br>**£**<br>41,900,117<br>43,401<br>(2,459,304)<br>-|
|---|---|---|---|---|---|---|
|||||||39,484,214|
|||||||**£**<br>39,484,214<br>891,072<br>6,740,801|
|||||||47,116,087|



-13- 



## **THE HOBSON CHARITY LIMITED** 

## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021** 

|**Cash flows from operating activities**<br>Net movement in funds<br>**Adjustments for:**<br>Unrealised (gains) / losses on investments<br>Deduct interest income shown in investing activities<br>Deduct other investment income shown in investing activities<br>Movement in liquid assets<br>Increase in debtors<br>Increase / (decrease) in creditors<br>**Net cash used in operating activities**<br>**Net cash flows from investing activities**<br>Interest income<br>Other investment income<br>Purchase of investments<br>**Net cash provided by / (used in) investing activities**<br>Increase / (decrease) in cash and cash equivalents in the<br>year<br>Cash and cash equivalents at the beginning of the year<br>**Cash and cash equivalents at the end of the year**|**2021**<br>**£**<br>7,631,873<br>(6,740,801)<br>(5,174)<br>(1,424,929)<br>19,365<br>(250,599)<br>101,152<br>(669,113)<br>5,174<br>1,424,929<br>(133,220)<br>1,296,883<br>627,770<br>8,054,479<br>8,682,249|**2020**<br>**£**<br>(2,415,903)<br>2,459,304<br>(151,892)<br>(679,679)<br>-<br>(21,690)<br>(407,524)|
|---|---|---|
|||(1,217,384)|
|||151,892<br>679,679<br>(24,251,989)|
|||(23,420,418)|
|||(24,637,802)<br>32,692,281|
|||8,054,479|



-14- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **1 Accounting policies** 

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: 

## **1.1 Basis of preparation** 

The charity is a public benefit entity. 

The financial statements are prepared under the historical cost convention and in accordance with 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) (2nd Edition, effective January 2019) – (Charities SORP (FRS 102)), the Companies Act 2006, the Charities Act 2011 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 

## **1.2 Income** 

Income is recognised when the charity has entitlement to the funds, on the following basis: 

## _(i) Donations and legacies_ 

Donations, legacies and grants are recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. 

## _(ii) Listed investments_ 

Dividends and commission are recognised when receivable and represent income received from listed securities. 

## _(iv) Bank interest receivable_ 

Interest is recognised when receivable by the charity and represents treasury and bank interest. 

## **1.3 Expenditure** 

- _(i)   Raising funds_ 

This comprises investment manager costs which are recognised on an accruals basis. Any irrecoverable VAT is added to the related expense. 

## _(ii) Grant making_ 

Grants are accounted for in full in the period the grants are approved and the decision is notified to the recipient irrespective of the period covered by the grant. Grants awarded but not yet paid are recorded as grant commitments in the Balance Sheet. Grant commitment creditors are split between creditors amounts falling due within one year and creditors amounts falling due after one year according to when the grants will be paid (see note 6). 

## _(iii) Governance costs_ 

Governance costs include external audit and accountancy fees, staff costs and legal and professional fees. Governance costs are recognised on an accruals basis. Irrecoverable VAT is included in the cost of those items to which it relates. 

## **1.4 Listed investments** 

Listed investments are stated in the financial statements at fair value. Realised gains and losses on the sale of investments are calculated as the difference between the sale proceeds and the original cost. Unrealised gains and losses represent the movement between fair values. Realised and unrealised gains and losses are included on the face of the Statement of Financial Activities (including an income and expenditure account). Listed investments are held primarily to provide an investment return for the charity. 

-15- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

## **1 Accounting policies (continued)** 

## **1.5 Funds** 

The charity maintains an Unrestricted Income Fund, which includes a Designated Unrestricted Income Fund and an Expendable Endowment Fund. 

Income generated by the Expendable Endowment Fund is recognised as part of the Unrestricted Income Fund. Unrealised valuation gains or losses on listed investments are recognised in the Expendable Endowment Fund. 

The Expendable Endowment Fund was established from donations received for that purpose.  The primary intention in establishing an Expendable Endowment Fund is for funds to be invested so as to generate future income for the purpose of the charity. The trustees shall also be permitted to convert any or the entire Expendable Endowment Fund to the Unrestricted Income Fund, however in any decision whether or not to convert endowment monies into expendable income the trustees should have regard for the primary intention of this endowment. 

The charity established a Designated Unrestricted Income Fund in the year ended 2019 from the donation received. The intention in establishing a Designated Fund is for funds to be granted for the advancement of research and heritage. Another one was created in the current year for wildlife. These Designated Unrestricted Income Funds are in addition to the Designated Unrestricted Income Fund for the advancement of education which was created in the year ended 2018. 

Any funds receivable during the relevant accounting year but not utilised are carried forward as part of the Unrestricted Income Fund. 

## **1.6 Cash at bank and in hand** 

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. 

## **1.7 Financial instruments** 

## (i)  Financial assets 

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at present value of future receipts discounted at a market rate of interest. 

Such assets are subsequently carried at amortised cost using the effective interest method. 

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the Statement of Financial Activities (including an income and expenditure account). If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the Statement of Financial Activities (including an income and expenditure account). 

Financial assets are derecognised when: 

- (a) The contractual rights to the cash flows from the asset expire or are settled; or 

- (b) Substantially all the risks and rewards of the ownership of the asset are transferred to another party; or 

- (c) Control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 

-16- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

## **1 Accounting policies (continued)** 

## **1.7 Financial instruments (continued)** 

## (ii)  Financial liabilities 

Basic financial liabilities, including trade and other creditors that are classified as debt are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 

Financial liabilities are derecognised when the liability is extinguished, this is when the contractual obligation is discharged, cancelled or expires. 

- (iii)  Offsetting 

   - Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 

## **1.8 Judgements in applying accounting policies and key sources of estimation uncertainty** 

The preparation of the charity’s financial statements require trustees to make judgements, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, at the reporting date. However uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of the asset or liability affected in future periods. 

## **2 Donations and legacies** 

|**onations and legacies**|||||
|---|---|---|---|---|
||**Unrestricted**|**Total Funds**|**Unrestricted**|**Total Funds**|
||**Income Fund**|**2021**|**Income Fund**|**2020**|
||**£**|**£**|**£**|**£**|
|Donations|1,250,000|1,250,000|-|-|



During the current year, the charity received an unrestricted donation of £1,250,000. The charity designated these funds for the purposes of grant giving for wildlife. 

## **3 Investment income** 

|**vestment income**|||||
|---|---|---|---|---|
|Income from UK listed investments<br>Bank interest receivable|**Unrestricted**<br>**Income Fund**<br>**£**<br>1,424,929<br>5,174<br>1,430,103|**Total Funds**<br>**2021**<br>**£**<br>1,424,929<br>5,174<br>1,430,103|**Unrestricted**<br>**Income Fund**<br>**£**<br>803,474<br>151,892<br>955,366|**Total Funds**<br>**2020**<br>**£**<br>803,474<br>151,892|
|||||955,366|



## **4 Raising funds** 

|**aising funds**|||||
|---|---|---|---|---|
||**Unrestricted**|**Total Funds**|**Unrestricted**|**Total Funds**|
||**Income Fund**|**2021**|**Income Fund**|**2020**|
||**£**|**£**|**£**|**£**|
|Investment management fees|150,927|150,927|98,994|98,994|



- 17 - 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

## **5 Grant making** 

The following table analyses the grants into broad categories, by the period in which they fall due for payment. 

|**Animals**<br>All Creatures Great and Small<br>Animals In Need Northamptonshire<br>Battersea Dogs & Cats Home<br>Canine Partners<br>Cats Protection<br>Colchester Zoo Action for the Wild<br>Cotswold Dogs & Cats Home (RSPCA)<br>Cuan Wildlife Rescue<br>Dogs' Friends<br>Farplace Animal Rescue<br>Ferne Animal Sanctuary<br>Freedom of Spirit Trust for Border Collies<br>Friends of Animal League<br>Greyhound Gap<br>Harper Asprey Wildlife Rescue<br>Hearing Dogs for Deaf People<br>Hope Rescue<br>Horse Sense Wirral<br>Makants Greyhound Rescue NW<br>Mare and Foal Sanctuary<br>Mayhew Home<br>National Animal Welfare Trust<br>National Animal Welfare Trust<br>National Zoological Society of Wales (Welsh Mountain<br>Zoo)<br>Oak Tree Animals' Charity<br>Our Special Friends<br>Parkgate Pony Sanctuary<br>Prickles Hedgehog Rescue<br>Remus Memorial Horse Sanctuary<br>RSPCA Bath And District Branch<br>Scottish SPCA<br>Sea Life Trust Limited (Cornish Seal Sanctuary)<br>Secret World Wildlife Rescue<br>Support Dogs<br>Team Poundie<br>Weald and Downland Living Museum<br>Wildlife Hospital Trust (Tiggywinkles)<br>WWT<br>Zoological Society of London (ZSL)|**Paid**<br>**2021**<br>**£**<br>9,000<br>10,000<br>10,000<br>14,000<br>10,000<br>25,000<br>1,000<br>4,000<br>9,000<br>10,000<br>20,000<br>10,000<br>-<br>10,000<br>-<br>12,915<br>18,000<br>8,000<br>20,000<br>20,000<br>8,529<br>10,000<br>3,000<br>25,000<br>1,000<br>5,000<br>6,000<br>3,000<br>10,000<br>15,000<br>10,000<br>15,000<br>25,000<br>10,000<br>6,000<br>3,000<br>50,000<br>50,000<br>100,000<br>576,444|**Payable**<br>**2022-24**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>10,000<br>-<br>24,000<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>34,000|**Total**<br>**£**<br>9,000<br>10,000<br>10,000<br>14,000<br>10,000<br>25,000<br>1,000<br>4,000<br>9,000<br>10,000<br>20,000<br>10,000<br>10,000<br>10,000<br>24,000<br>12,915<br>18,000<br>8,000<br>20,000<br>20,000<br>8,529<br>10,000<br>3,000<br>25,000<br>1,000<br>5,000<br>6,000<br>3,000<br>10,000<br>15,000<br>10,000<br>15,000<br>25,000<br>10,000<br>6,000<br>3,000<br>50,000<br>50,000<br>100,000|
|---|---|---|---|
||||610,444|



- 18 - 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

|**5**<br>**Grant making (continued)**<br>**Bereavement**<br>Guy’s Gift<br>**Cathedral**<br>Roman Catholic Diocese of Northampton|**Paid**<br>**2021**<br>**£**<br>1,200<br>1,200<br>**Paid**<br>**2021**<br>**£**<br>-<br>-|**Payable**<br>**2022-24**<br>**£**<br>-<br>-<br>**Payable**<br>**2022-24**<br>**£**<br>3,500<br>3,500|**Total**<br>**£**<br>1,200|
|---|---|---|---|
||||1,200|
||||**Total**<br>**£**<br>3,500<br>3,500|



-19- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

|**5**<br>**Grant making (continued)**<br>**Community**<br>Agape Community Church, Ty sign<br>Aylsham & District Care Trust<br>Brinsley with Underwood (Church of St Michael and All<br>Angels, Underwood)<br>Christ Church Creekmoor<br>City Gate Community Projects<br>Ecclesiastical Parish of Edgeley and Cheadle Heath,<br>Stockport<br>Ecumenical Partnership Initiatives, known as<br>Workplace Matters<br>Emmanuel Church New Life Church<br>Friends of Lanteglos Church<br>Friends of St Andrews, Carlton<br>Gamblesby Methodist Church<br>Guernsey Botanical Trust LBG<br>Licoricia of Winchester Statue Appeal<br>Mill End Baptist Church<br>Northwich Parochial Church Council St Helen, Witton<br>Park 4All @ Lyme Green Cio<br>Prince's Countryside Fund<br>Saint Michael's Church, East Anstey (The Exeter<br>Diocesan Board of Finance)<br>St Clements PCC Cambridge<br>St Mary of Charity Parish Church<br>St Mary The Virgin Puddletown<br>St Michael and All Angels with St Mark, Preston<br>St Pauls Church - Chichester<br>St Peter & St Paul Ermington<br>St Peter's Arkley Church<br>St Peter's Church, Rhoose<br>St Peters Halliwell Bolton<br>Support Through Court<br>The Church of the Holy and Undivided Trinity, Edale,<br>Derbyshire<br>United Parish of East Harptree and Hinton Blewitt<br>Wallheath Evangelical Free Church|**Paid**<br>**2021**<br>**£**<br>-<br>3,783<br>-<br>-<br>-<br>-<br>20,000<br>-<br>-<br>-<br>1,296<br>8,000<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>7,500<br>-<br>10,000<br>-<br>-<br>-<br>-<br>_-_<br>_-_<br>50,579|**Payable**<br>**2022-24**<br>**£**<br>5,000<br>-<br>3,000<br>857<br>5,000<br>7,800<br>-<br>5,000<br>12,000<br>2,000<br>-<br>-<br>1,000<br>1,000<br>5,000<br>6,958<br>5,000<br>1,170<br>10,000<br>6,000<br>1,000<br>2,000<br>-<br>2,000<br>-<br>5,000<br>5,245<br>10,000<br>4,000<br>10,000<br>6,000<br>122,030|**Total**<br>**£**<br>5,000<br>3,783<br>3,000<br>857<br>5,000<br>7,800<br>20,000<br>5,000<br>12,000<br>2,000<br>1,296<br>8,000<br>1,000<br>1,000<br>5,000<br>6,958<br>5,000<br>1,170<br>10,000<br>6,000<br>1,000<br>2,000<br>7,500<br>2,000<br>10,000<br>5,000<br>5,245<br>10,000<br>4,000<br>10,000<br>6,000|
|---|---|---|---|
||||172,609|



-20- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

|**5**<br>**Grant making (continued)**<br>**Disability**<br>Bevern Trust<br>Blind Veterans UK<br>Brainwave<br>British Disabled Angling Association<br>Caring & Sharing Trust - Cotton's Farmhouse<br>Different Strokes (Trustees) Limited<br>Dingley Family And Specialist Early Years Centres<br>Douglas Bader Foundation<br>Embrace (East Sussex)<br>Fifth Trust<br>Friends of St Luke's, Redbourn<br>Headway Norfolk & Waveney Limited<br>Hf Trust Limited<br>Horatio's Garden<br>Krazy Kat Theatre Company<br>Livability<br>Mary Hare Foundation<br>MSail<br>Nuneaton & North Warwickshire Equestrian Centre<br>Riding for The Disabled Association<br>Paul Popham Fund, Renal Support Wales<br>PLUS (Forth Valley) Ltd<br>Rainbow Hub NW Ltd<br>RNIB (The Royal National Institute Of Blind People)<br>Seashell Trust<br>South London Special League<br>Space4Autism<br>St Joseph's Specialist Trust<br>Stanley Grange Community Association<br>Step by Step London<br>Step by Step School Limited<br>Stick 'N' Step<br>Sue Ryder<br>Walsall Society for the Blind<br>Walton Leigh School Parent Staff Association<br>Warwickshire Wheelchair Basketball Academy<br>**Domestic Abuse**<br>Haven, Wolverhampton<br>Rising Sun and Domestic Violence and Abuse Service||**Paid**<br>**2021**<br>**£**<br>1,092<br>7,960<br>2,924<br>-<br>1,900<br>216<br>2,000<br>-<br>-<br>4,521<br>15,000<br>-<br>1,000<br>-<br>-<br>2,000<br>-<br>-<br>1,000<br>500<br>193<br>995<br>10,000<br>3,077<br>8,000<br>-<br>-<br>5,000<br>1,000<br>17,300<br>1,388<br>7,105<br>-<br>2,989<br>-<br>97,160<br>**Paid**<br>**2021**<br>**£**<br>-<br>-<br>-||**Payable**<br>**2022-24**<br>**£**<br>-<br>-<br>-<br>2,350<br>-<br>-<br>-<br>5,000<br>6,995<br>-<br>-<br>3,240<br>-<br>6,685<br>1,150<br>-<br>10,000<br>2,000<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>1,800<br>5,382<br>-<br>-<br>-<br>-<br>-<br>2,000<br>-<br>6,100<br>52,702<br>**Payable**<br>**2022-24**<br>**£**<br>2,000<br>4,584<br>6,584|**Total**<br>**£**<br>1,092<br>7,960<br>2,924<br>2,350<br>1,900<br>216<br>2,000<br>5,000<br>6,995<br>4,521<br>15,000<br>3,240<br>1,000<br>6,685<br>1,150<br>2,000<br>10,000<br>2,000<br>1,000<br>500<br>193<br>995<br>10,000<br>3,077<br>8,000<br>1,800<br>5,382<br>5,000<br>1,000<br>17,300<br>1,388<br>7,105<br>2,000<br>2,989<br>6,100<br>149,862<br>**Total**<br>**£**<br>2,000<br>4,584|
|---|---|---|---|---|---|
||||||6,584|



-21- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

## **5     Grant making (continued)** 

|**Education**<br>Country Trust<br>Friends Of Wootton School<br>London Reading Centre<br>Ruskin Mill Trust<br>St Mary and St Margaret Church of England School<br>Parent Teacher Association<br>Wycombe Royal Grammar School Foundation<br>York Archaeological Trust for Excavation and Research<br>Limited re The Jorvik Centre<br>**Elderly**<br>Abbeyfield (Reading) Society Limited<br>Age UK Leicester Shire and Rutland<br>Charity of Elizabeth Jane Jones<br>Dementia Concern<br>Dementia Matters<br>Dementia UK<br>Jewish Care<br>Musical Connections<br>Toynbee Hall<br>Walsall Rehabilitation and Healthy Living Trust (Heart<br>Care Walsall)<br>Wessex Heritage Trust<br>**Environmental**<br>Stonebridge City Farm||**Paid**<br>**2021**<br>**£**<br>-<br>-<br>-<br>1,000<br>-<br>-<br>- <br>1,000<br>**Paid**<br>**2021**<br>**£**<br>2,000<br>2,040<br>-<br>-<br>1,000<br>2,000<br>2,500<br>-<br>-<br>5,000<br>1,000<br>15,540<br>**Paid**<br>**2021**<br>**£**<br>3,000<br>3,000||**Payable**<br>**2022-24**<br>**£**<br>2,000<br>1,000<br>2,000<br>-<br>5,200<br>8,000<br>5,000<br>23,200<br>**Payable**<br>**2022-24**<br>**£**<br>-<br>-<br>4,000<br>6,000<br>-<br>-<br>-<br>5,000<br>1,800<br>-<br>-<br>16,800<br>**Payable**<br>**2022-24**<br>**£**<br>-<br>-|**Total**<br>**£**<br>2,000<br>1,000<br>2,000<br>-<br>5,200<br>8,000<br>5,000<br>24,200<br>**Total**<br>**£**<br>2,000<br>2,040<br>4,000<br>6,000<br>1,000<br>2,000<br>2,500<br>5,000<br>1,800<br>5,000<br>1,000<br>32,340<br>**Total**<br>**£**<br>3,000|
|---|---|---|---|---|---|
|||||||
|||||||
||||||3,000|



-22- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

## **5     Grant making (continued)** 

|**Family**<br>Bristol Association for Neighbourhood Daycare<br>Dandelion Time<br>Flourishing Families Leeds<br>**Health & Wellbeing**<br>Airedale Voluntary Drug and Alcohol Agency Limited<br>operating as Project 6<br>Basingstoke and Alton Cardiac Rehabilitation Charity<br>Limited<br>Bunbury ESCA Festival<br>Made in Hackney<br>Stroke Association<br>**Homeless**<br>Amber Foundation<br>Big Issue North Trust Ltd<br>East Northants Community Services<br>Manna Society<br>Off The Fence<br>Passage (Passage 2000)<br>Response Organisation<br>SPEAR Housing Association Limited<br>St John Ambulance|**Paid**<br>**2021**<br>**£**<br>328<br>12,000<br>-<br>12,328<br>**Paid**<br>**2021**<br>**£**<br>-<br>-<br>5,000<br>-<br>2,000<br>7,000<br>**Paid**<br>**2021**<br>**£**<br>6,900<br>-<br>-<br>196<br>6,000<br>1,907<br>2,000<br>-<br>-<br>17,003|**Payable**<br>**2022-24**<br>**£**<br>-<br>-<br>1,480<br>1,480<br>**Payable**<br>**2022-24**<br>**£**<br>1,000<br>2,000<br>-<br>4,222<br>-<br>7,222<br>**Payable**<br>**2022-24**<br>**£**<br>-<br>5,000<br>2,000<br>-<br>-<br>-<br>-<br>5,000<br>6,278<br>18,278|**Total**<br>**£**<br>328<br>12,000<br>1,480|
|---|---|---|---|
||||13,808|
||||**Total**<br>**£**<br>1,000<br>2,000<br>5,000<br>4,222<br>2,000|
||||14,222|
||||**Total**<br>**£**<br>6,900<br>5,000<br>2,000<br>196<br>6,000<br>1,907<br>2,000<br>5,000<br>6,278|
||||35,281|



-23- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

## **5 Grant making (continued)** 

|**Life-Limiting**<br>Hope For Tomorrow<br>Omega, the National Association for End of Life Care<br>Wessex Cancer Trust<br>**Hospice**<br>Bury Hospice Ltd<br>Demelza House Children's Hospice<br>Dorothy House Hospice Care<br>Douglas Macmillan Hospice<br>John Taylor Hospice Charity<br>LOROS Hospice<br>Marie Curie<br>Norfolk Hospice<br>North London Hospice<br>Peace Hospice Care<br>Priscilla Bacon Norfolk Hospice Care Ltd<br>Rennie Grove Hospice Care<br>Saint Catherine's Hospice<br>St Clare West Essex Hospice Care Trust<br>St Columba's Hospice<br>St Luke's Hospice Plymouth<br>St Wilfrid's Hospice|**Paid**<br>**2021**<br>**£**<br>4,875<br>1,500<br>2,390<br>8,765<br>**Paid**<br>**2021**<br>**£**<br>3,625<br>7,595<br>9,703<br>-<br>2,500<br>-<br>16,048<br>810<br>4,820<br>2,967<br>-<br>3,629<br>1,200<br>10,000<br>1,583<br>4,416<br>- <br>68,896|**Payable**<br>**2022-24**<br>**£**<br>-<br>-<br>-<br>-<br>**Payable**<br>**2022-24**<br>**£**<br>-<br>-<br>-<br>1,050<br>-<br>3,185<br>-<br>-<br>-<br>-<br>20,000<br>-<br>-<br>-<br>-<br>-<br>5,500<br>29,735|**Total**<br>**£**<br>3,625<br>7,595<br>9,703<br>1,050<br>2,500<br>3,185<br>16,048<br>810<br>4,820<br>2,967<br>20,000<br>3,629<br>1,200<br>10,000<br>1,583<br>4,416<br>5,500|
|---|---|---|---|
||||98,631|
||||**Total**<br>**£**<br>4,875<br>1,500<br>2,390|
||||8,765|



-24- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

## **5 Grant making (continued)** 

|**Medical**<br>Action Medical Research<br>Alex TLC<br>Children's Heart Surgery Fund<br>Glasgow Children's Hospital Charity<br>Great Ormond Street Hospital Children's Charity<br>Imperial Health Charity<br>Leonard Cheshire Disability<br>Luton And Dunstable Hospital Charitable Fund<br>Meningitis Research Foundation<br>MS Society<br>Myaware<br>Northwick Park Institute For Medical Research<br>Richard Dimbleby Cancer Fund<br>Royal National Orthopaedic Hospital (RNOH) Charity<br>Terrence Higgins Trust<br>**Mental Health**<br>Blyth Star Enterprises<br>HOUR Community<br>Mates in Mind<br>St Marylebone Parish Church with Holy Trinity St<br>Marylebone<br>Young Minds Trust<br>**Music**<br>The Corporation of the Hall of Arts and Sciences (Royal<br>Albert Hall)|**Paid**<br>**2021**<br>**£**<br>-<br>1,398<br>5,000<br>-<br>-<br>10,000<br>10,000<br>-<br>-<br>3,950<br>-<br>4,950<br>-<br>20,000<br>-<br>55,298<br>**Paid**<br>**2021**<br>**£**<br>1,000<br>-<br>-<br>-<br>2,000<br>3,000<br>**Paid**<br>**2021**<br>**£**<br>30,000|**Payable**<br>**2022-24**<br>**£**<br>8,000<br>-<br>-<br>4,500<br>12,000<br>-<br>-<br>5,000<br>1,000<br>-<br>6,000<br>-<br>6,000<br>-<br>1,327<br>43,827<br>**Payable**<br>**2022-24**<br>**£**<br>-<br>2,000<br>2,500<br>50,000<br>-<br>54,500<br>**Payable**<br>**2022-24**<br>**£**<br>-|**Total**<br>**£**<br>8,000<br>1,398<br>5,000<br>4,500<br>12,000<br>10,000<br>10,000<br>5,000<br>1,000<br>3,950<br>6,000<br>4,950<br>6,000<br>20,000<br>1,327|
|---|---|---|---|
||||99,125|
||||**Total**<br>**£**<br>1,000<br>2,000<br>2,500<br>50,000<br>2,000|
||||57,500|
||||**Total**<br>**£**<br>30,000|



-25- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

## **5 Grant making (continued)** 

|**Poverty**<br>EMERGE 3Rs<br>Giving World<br>Glossopdale Furniture Project<br>Kings Church Bolton<br>Navigate<br>One Stone Grove (Stonegrove Community Trust)<br>Prism Gift Fund (Compassion London)<br>Suit Works<br>**Rehabilitation**<br>Criminon UK<br>**Rescue**<br>Essex & Herts Air Ambulance Trust<br>**Theatre**<br>Cherwell Theatre<br>Roundhouse Trust|**Paid**<br>**2021**<br>**£**<br>-<br>2,882<br>2,000<br>-<br>1,000<br>1,000<br>1,000<br>2,000<br>9,882<br>**Paid**<br>**2021**<br>**£**<br>5,600<br>**Paid**<br>**2021**<br>**£**<br>-<br>**Paid**<br>**2021**<br>**£**<br>-<br>-<br>-|**Payable**<br>**2022-24**<br>**£**<br>15,000<br>-<br>-<br>2,373<br>-<br>-<br>-<br>-<br>17,373<br>**Payable**<br>**2022-24**<br>**£**<br>-<br>**Payable**<br>**2022-24**<br>**£**<br>5,950<br>**Payable**<br>**2022-24**<br>**£**<br>1,500<br>10,000<br>11,500|**Total**<br>**£**<br>15,000<br>2,882<br>2,000<br>2,373<br>1,000<br>1,000<br>1,000<br>2,000|
|---|---|---|---|
||||27,255|
||||**Total**<br>**£**<br>5,600|
||||**Total**<br>**£**<br>5,950|
||||**Total**<br>**£**<br>1,500<br>10,000|
||||11,500|



-26- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

|**5     Grant making (continued)**<br>**Veterans**<br>Felix Fund<br>Improving Lives Plymouth<br>On Course Foundation<br>Royal Air Force Benevolent Fund<br>Royal Air Forces Association<br>Royal Hospital Chelsea Appeal Limited<br>Taxi Charity for Military Veterans<br>**Youth**<br>2nd Brewood Scout Group<br>British Exploring Society<br>Chellington Centre<br>Disability Challengers<br>Drama Express<br>Happy Days<br>NSPCC<br>Ocean Youth Trust North<br>Prince's Trust<br>Prince's Trust<br>St Andrew's Club<br>YMCA Norfolk<br>Subtotal before reductions<br>Prior year grant commitments cancelled<br>Total|**Paid**<br>**2021**<br>**£**<br>-<br>-<br>-<br>10,000<br>-<br>-<br>-<br>10,000<br>**Paid**<br>**2021**<br>**£**<br>-<br>-<br>-<br>1,343<br>-<br>-<br>-<br>-<br>50,000<br>2,000<br>1,279<br>-<br>54,622<br>1,027,317<br>(45,944)<br>981,373||**Payable**<br>**2022-24**<br>**£**<br>5,000<br>5,000<br>5,800<br>-<br>5,000<br>50,000<br>1,800<br>72,600<br>**Payable**<br>**2022-24**<br>**£**<br>2,500<br>1,080<br>10,000<br>-<br>500<br>4,794<br>13,818<br>3,412<br>-<br>-<br>-<br>6,000<br>42,104<br>563,385<br>-<br>563,385|**Total**<br>**£**<br>5,000<br>5,000<br>5,800<br>10,000<br>5,000<br>50,000<br>1,800|
|---|---|---|---|---|
|||||82,600|
|||||**Total**<br>**£**<br>2,500<br>1,080<br>10,000<br>1,343<br>500<br>4,794<br>13,818<br>3,412<br>50,000<br>2,000<br>1,279<br>6,000|
|||||96,726|
||||||
|||||1,590,702<br>(45,944)|
|||||1,544,758|



-27- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

|**5     Grant making (continued)**<br>**Grants made by Fund**<br>Income<br>Education<br>Research and Heritage<br>Wildlife<br>Total<br>Please see note 19 for 2020 comparatives.<br>**6**<br>**Analysis of accruals for grants payable**<br>**Notes**<br>Grants committed during the year<br>**5**<br>Grants committed in prior periods<br>**13, 14**<br>**Analysis of accruals for grants payable – prior year**<br>**Notes**<br>Grants committed during the year<br>**5**<br>Grants committed in prior periods<br>**13, 14**|||**Paid**<br>**2021**<br>**£**<br>339,504<br>35,975<br>37,450<br>568,444<br>981,373<br>**2021**<br>**£**<br>453,040<br>189,223<br>642,263<br>**2020**<br>**£**<br>293,962<br>240,688<br>534,650||**Payable**<br>**2022-24**<br>**£**<br>402,876<br>47,594<br>78,915<br>34,000<br>563,385<br>**2022-23**<br>**£**<br>110,345<br>-<br>110,345<br>**2021-22**<br>**£**<br>107,655<br>5,955<br>113,610||**Total**<br>**£**<br>742,380<br>83,569<br>116,365<br>602,444|
|---|---|---|---|---|---|---|---|
||||||||1,544,758|
||||||||**Total at**<br>**31.03.21**<br>**£**<br>563,385<br>189,223<br>752,608<br>**Total at**<br>**31.03.20**<br>**£**<br>401,617<br>246,643<br>648,260|
|||||||||



-28- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

## **7 Governance costs** 

|Auditor’s remuneration<br>Audit fees<br>Other services<br>Staff costs**8**<br>Bank charges<br>Other|**Unrestricted**<br>**Income Fund**<br>**£**<br>12,000<br>20,623<br>32,623<br>50,476<br>203<br>10,045<br>93,347|**Total Funds**<br>**2021**<br>**£**<br>12,000<br>20,623<br>32,623<br>50,476<br>203<br>10,045<br>93,347|**Unrestricted**<br>**Income Fund**<br>**£**<br>10,800<br>22,138<br>32,928<br>51,519<br>495<br>13,388<br>98,340|**Total Funds**<br>**2020**<br>**£**<br>10,800<br>22,138|
|---|---|---|---|---|
|||||32,928<br>51,519<br>495<br>13,388|
|||||98,340|



All governance costs are in relation to grant-making activities. 

## **8 Staff costs** 

|Staff costs were as follows:<br>Wages and salaries<br>Social security costs<br>The average monthly number of employees, including the trustees,<br>during the year was as follows:<br>Administration and support|**2021**<br>**£**<br>50,000<br>476<br>50,476<br>**2021**<br>**£**<br>7|**2020**<br>**£**<br>50,000<br>1,519|
|---|---|---|
|||51,519|
|||**2020**<br>**£**<br>7|



No employees in the current and prior year received employment benefits of greater than £60k. 

## **9 Trustees remuneration** 

No remuneration or expenses were paid to trustees in respect of the current and prior year. 

-29- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

## **10   Listed investments** 

|At  April 2020<br>Historical cost<br>Unrealised gains on revaluation<br>Fair value<br>Add acquisitions at cost<br>Unrealised gains / (losses) on revaluation<br>Fair value at 31 March 2021|**2021**<br>**£**<br>33,834,951<br>(2,031,532)<br>31,803,419<br>133,220<br>6,740,801<br>38,677,440|**2020**<br>**£**<br>9,602,327<br>427,772|
|---|---|---|
|||10,030,099<br>24,251,989<br>(2,459,304)|
|||31,822,784|



Realised and unrealised gains and losses on listed investments are allocated to the Expendable Endowment Fund. 

## **11   Debtors** 

|**ebtors**|||
|---|---|---|
|Accrued income<br>Other debtors<br>Prepayments|**2021**<br>**£**<br>500,000<br>32,606<br>-<br>532,606|**2020**<br>**£**<br>250,000<br>30,801<br>1,206|
|||282,007|



Financial assets that are debt instruments measured at amortised cost relevant accrued income and other debtors and amounted to £32,606 (2020: £30,801). 

## **12  Creditors: amounts falling due within one year** 

|**reditors: amounts falling due within one year**|||
|---|---|---|
|**Note**<br>Trade creditors<br>Other taxation and social security<br>Other accruals<br>Accruals for grants payable<br>**6**|**2021**<br>**£**<br>-<br>-<br>23,600<br>642,263<br>665,863|**2020**<br>**£**<br>1,331<br>2,475<br>22,990<br>534,650|
|||561,446|



-30- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

## **13  Creditors: amounts falling after more than one year** 

||**Note**|**2021**|**2020**|
|---|---|---|---|
|||**£**|**£**|
|Accruals for grants payable|**6**|110,345|113,610|



Financial liabilities measured at amortised cost comprise trade creditors, other creditors, general accruals (excluding the audit fee accrual) and accruals for grants payable and amounted to £764,208 (2020: £669,056). 

## **14  Share capital** 

|**hare capital**|||
|---|---|---|
||**2021**|**2020**|
||**£**|**£**|
|**Allotted, called up and fully paid**|||
|At 31 March 2021 5 (2020: 5) Ordinary Shares of £1 each|5|5|



As at 31 March 2021 there were 5 Ordinary Shares of £1 each allotted, called up and fully paid. All shares are of the same class. 

## **15  Trust funds** 

|**Expendable Endowment Fund – current year**<br>**(including Unrealised Investment Property Gains):**<br>Balance as at 1 April 2020<br>Net incoming resources<br>Balance as at 31 March 2021|£<br>21,032,867<br>6,740,801<br>27,773,668|
|---|---|



Unrestricted Income Fund: 

|Unrestricted Fund<br>**Designated**<br>Educational Fund<br>Research and Heritage<br>Fund<br>Wildlife Fund<br> **Total net assets**|**As at**<br>**1.04.20**<br>**£**<br>15,731,881<br>1,839,301<br>880,160<br>-<br>18,451,342|**Income**<br>**£**<br>1,430,103<br>-<br>-<br>1,250,000<br>2,680,103|**Expenditure**<br>**£**<br>(986,653)<br>(83,569)<br>(116,365)<br>(602,444)<br>(1,789,031)|**Transfers**<br>**£**<br>-<br>-<br>-<br>-<br>-|**As at**<br>**31.03.21**<br>**£**<br>16,175,331<br>1,755,732<br>763,795<br>647,556|
|---|---|---|---|---|---|
||||||19,342,414|



The charity invested the donation received in the current year of £1,250,000 into a Designated Fund. This fund was established to provide grants for wildlife. 

-31- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

## **15  Trust funds (continued)** 

|**Expendable Endowment Fund – prior year**<br>**(including Unrealised Investment Property Gains):**<br>Balance as at 1 April 2019<br>Net outgoing resources<br>Balance as at 31 March 2020<br>Unrestricted Income Fund:<br>**As at**<br>**1.04.19**<br>**Income**<br>**£**<br>**£**<br>Unrestricted Fund<br>15,164,541<br>955,366<br>**Designated**<br>Educational Fund<br>2,022,050<br>-<br>Research and<br>Heritage Fund<br>1,221,350<br>-<br>**Total net assets**<br>18,407,941<br>955,366|**Expenditure**<br>**£**<br>(388,026)<br>(182,749)<br>(341,190)<br>(911,965)|**Transfers**<br>**£**<br>-<br>-<br>-||£<br>23,492,171<br>2,459,304<br>21,032,867<br>**As at**<br>**31.03.20**<br>**£**<br>15,731,881<br>1,839,301<br>880,160|
|---|---|---|---|---|
||||||
||||||
|||-||18,451,342|



The charity invested the donation received in the prior year of £1,250,000 into a Designated Fund. This fund was established to provide grants for the advancement of research and heritage. 

## **16 Analysis of net assets – current year** 

|Fund balances at<br>31 March 2021 are<br>represented by:-<br>Investments<br>Current assets<br>Liabilities<br>**Total net assets**|**Share**<br>**Capital**<br>**2021**<br>**£**<br>-<br>5<br>-<br>5|**Unrestricted**<br>**Income**<br>**Funds**<br>**2021**<br>**£**<br>10,903,772<br>9,214,850<br>(776,208)<br>19,342,414|**Expendable**<br>**Endowment**<br>**Fund**<br>**2021**<br>**£**<br>27,773,668<br>-<br>-<br>27,773,668|**Total**<br>**Funds**<br>**2021**<br>**£**<br>38,677,440<br>9,214,855<br>(776,208)<br>47,116,087|
|---|---|---|---|---|



The Designated Unrestricted Income Fund has current assets of £878,369 (2020: £2,970,470 ) and liabilities of £102,112 (2020: £251,009 ) 

-32- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

## **16 Analysis of net assets (continued) – prior year** 

|Fund balances at<br>31 March 2020 are<br>represented by:-<br>Investments<br>Current assets<br>Liabilities<br>**Total net assets**|**Share**<br>**Capital**<br>**2020**<br>**£**<br>-<br>5<br>-<br>5|**Unrestricted**<br>**Income**<br>**Funds**<br>**2020**<br>**£**<br>10,789,917<br>8,336,481<br>(675,056)<br>18,451,342|**Expendable**<br>**Endowment**<br>**Fund**<br>**2020**<br>**£**<br>21,032,867<br>-<br>-<br>21,032,867|**Total**<br>**Funds**<br>**2020**<br>**£**<br>31,822,784<br>8,336,486<br>(675,056)|
|---|---|---|---|---|
|||||39,484,214|



## **17 Control** 

The trustees consider there to be no overall controlling party. 

## **18 Related party transactions** 

During the year, the charity received a donation of £1,250,000 (2020: £nil) from a trustee. No restrictions were attached to the income. 

-33- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

## **19 Comparatives for Grant making year ended 31 March 2020** 

The following table analyses the grants into broad categories, by the period in which they fall due for payment. 

|**Animals**<br>Cuan Wildlife Rescue<br>Freedom of Spirit Trust for Border Collies<br>Moorview Rescue Limited<br>Our Special Friends<br>Remus Memorial Horse Sanctuary<br>Scottish SPCA<br>Sea Life Trust Limited (Cornish Seal Sanctuary)<br>Suffolk Owl Sanctuary<br>Support Dogs<br>**Bereavement**<br>Lullaby Trust<br>Road Victims Trust<br>**Cathedral**<br>York Minster Fund|**Paid**<br>**2020**<br>**£**<br>2,923<br>2,000<br>-<br>2,000<br>-<br>2,376<br>-<br>-<br>2,000<br>11,299<br>**Paid**<br>**2020**<br>**£**<br>-<br>-<br>-<br>**Paid**<br>**2020**<br>**£**<br>10,000|**Payable**<br>**2021-23**<br>**£**<br>-<br>-<br>1,000<br>-<br>4,500<br>-<br>3,000<br>650<br>-<br>9,150<br>**Payable**<br>**2021-23**<br>**£**<br>4,037<br>1,000<br>5,037<br>**Payable**<br>**2021-23**<br>**£**<br>-|**Total**<br>**£**<br>2,923<br>2,000<br>1,000<br>2,000<br>4,500<br>2,376<br>3,000<br>650<br>2,000|
|---|---|---|---|
||||20,449|
||||**Total**<br>**£**<br>4,037<br>1,000|
||||5,037|
||||**Total**<br>**£**<br>10,000|



-34- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

## **19     Grant making (continued)** 

|**Community**<br>Adeyfield Free Church<br>All Saints Holbeton Church Trust<br>Barnet War Memorials Association<br>Bolsover And Staveley Methodist Circuit<br>Bradninch Town Trust<br>Brighton Early Music Festival<br>Childcare and Community Centres, Ashton And District<br>Cleobury Mortimer Men's Shed ("CMMS")<br>Cullingworth Village Hall Management Committee Ltd<br>Devon Rape Crisis and Sexual Abuse Services<br>Girlguiding - North Yorkshire<br>Hilltop Community Association<br>Leaside Church Community Centre<br>Leven Playing Field Association<br>Middleton-on-the-Wolds Parish Council<br>Ormiston Families<br>Parochial Church Council Of The Ecclesiastical Parish<br>Of St Matthew, Winchester St Paul's, Winchester<br>St Andrew's Church Totteridge<br>St Anne, Bagshot, Surrey<br>St John the Evangelist at Kensal Green<br>St Mary's Church - Lytchett Matravers<br>St Mary's Newmarket (Turner Hall)<br>St Michael and All Angels Church, Abbey Wood<br>The British Library<br>Victoria Park, Buckfastleigh<br>Welwyn Garden City Centenary Foundation Limited<br>Wesley Centre, Harrogate<br>Winchester Pavilion Project|**Paid**<br>**2020**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>500<br>2,000<br>-<br>4,424<br>-<br>-<br>-<br>555<br>750<br>-<br>-<br>20,000<br>1,280<br>2,500<br>-<br>-<br>5,000<br>-<br>-<br>10,000<br>-<br>-<br>47,009|**Payable**<br>**2021-23**<br>**£**<br>5,000<br>5,000<br>822<br>5,000<br>2,000<br>1,624<br>-<br>-<br>1,000<br>-<br>8,000<br>1,000<br>9,000<br>-<br>-<br>1,948<br>12,418<br>-<br>-<br>-<br>1,000<br>2,160<br>-<br>4,200<br>2,000<br>-<br>1,000<br>5,000<br>68,172|**Total**<br>**£**<br>5,000<br>5,000<br>822<br>5,000<br>2,000<br>1,624<br>500<br>2,000<br>1,000<br>4,424<br>8,000<br>1,000<br>9,000<br>555<br>750<br>1,948<br>12,418<br>20,000<br>1,280<br>2,500<br>1,000<br>2,160<br>5,000<br>4,200<br>2,000<br>10,000<br>1,000<br>5,000|
|---|---|---|---|
||||115,181|



-35- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

## **19     Grant making (continued)** 

|**Disability**<br>Action For Kids Charitable Trust - my AFK<br>Back Up Trust<br>Bag Books<br>Blooming Blossoms Trust<br>British Blind Sport<br>C F Dream Holidays<br>Camden Society<br>Caudwell Children<br>Cerebra<br>Derwen College<br>Foundation For Conductive Education<br>Heel and Toe Children's Charity<br>London Wheelchair Rugby Club<br>Motor Neurone Disease Association (“MNDA”)<br>Musical Keys<br>Reading Association for the Blind<br>Respond<br>Riding For The Disabled Association Incorporating<br>Carriage Driving (“RDA”)<br>Side By Side Theatre Company Stourbridge<br>**Domestic Abuse**<br>Blackburn and Darwen District Without Abuse Limited<br>Hurting to Healing|**Paid**<br>**2020**<br>**£**<br>-<br>-<br>-<br>4,118<br>-<br>1,580<br>-<br>2,000<br>1,000<br>3,000<br>3,649<br>-<br>1,500<br>-<br>-<br>5,000<br>-<br>-<br>2,000<br>23,847<br>**Paid**<br>**2020**<br>**£**<br>-<br>750<br>750|**Payable**<br>**2021-23**<br>**£**<br>2,000<br>2,000<br>1,910<br>-<br>1,000<br>-<br>5,000<br>-<br>-<br>-<br>-<br>3,937<br>-<br>5,000<br>3,741<br>-<br>7,500<br>1,000<br>-<br>33,088<br>**Payable**<br>**2021-23**<br>**£**<br>1,000<br>-<br>1,000|**Total**<br>**£**<br>2,000<br>2,000<br>1,910<br>4,118<br>1,000<br>1,580<br>5,000<br>2,000<br>1,000<br>3,000<br>3,649<br>3,937<br>1,500<br>5,000<br>3,741<br>5,000<br>7,500<br>1,000<br>2,000|
|---|---|---|---|
||||56,935|
||||**Total**<br>**£**<br>1,000<br>750|
||||1,750|



-36- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

## **19     Grant making (continued)** 

|**Education**<br>Access Project<br>Atlas Foundation<br>Avenues Youth Project<br>Brent Knoll & Watergate Co-operative Trust<br>Celtic Harmony<br>Gloucestershire Wildlife Trust<br>Haileybury Turnford School<br>Helen Arkell Dyslexia Centre<br>Jamie's Farm, Lewes<br>Learning Partnerships<br>Montessori St Nicholas<br>North West Cancer Research<br>Seven Stories, The National Centre for Children's Books<br>Smallpeice Trust (incorporating Arkwright Engineering<br>Scholarships)<br>Solent University - Southampton<br>Vision Foundation (Formerly, Greater London Fund for<br>the Blind)<br>**Elderly**<br>Age UK Cheshire<br>Bishop Creighton House Settlement<br>Elim Life Church Kingstanding<br>Guild Care<br>Stoke-On-Trent And North Staffordshire Theatre Trust<br>Limited (New Vic Theatre)<br>Wainman Trust<br>**Environmental**<br>Cleanup UK<br>Nottinghamshire Wildlife Trust||**Paid**<br>**2020**<br>**£**<br>5,000<br>500<br>-<br>2,000<br>-<br>10,000<br>10,000<br>6,500<br>-<br>-<br>-<br>1,600<br>-<br>6,600<br>2,000<br>-<br>44,200<br>**Paid**<br>**2020**<br>**£**<br>-<br>-<br>500<br>1,000<br>-<br>1,558<br>3,058<br>**Paid**<br>**2020**<br>**£**<br>10,000<br>1,900<br>11,900||**Payable**<br>**2021-23**<br>**£**<br>-<br>-<br>3,840<br>-<br>10,000<br>-<br>-<br>-<br>3,000<br>2,069<br>5,100<br>-<br>2,000<br>-<br>-<br>10,000<br>36,009<br>**Payable**<br>**2021-23**<br>**£**<br>2,000<br>1,000<br>-<br>-<br>2,177<br>-<br>5,177<br>**Payable**<br>**2021-23**<br>**£**<br>-<br>-<br>-|**Total**<br>**£**<br>5,000<br>500<br>3,840<br>2,000<br>10,000<br>10,000<br>10,000<br>6,500<br>3,000<br>2,069<br>5,100<br>1,600<br>2,000<br>6,600<br>2,000<br>10,000<br>80,209<br>**Total**<br>**£**<br>2,000<br>1,000<br>500<br>1,000<br>2,177<br>1,558<br>8,235<br>**Total**<br>**£**<br>10,000<br>1,900|
|---|---|---|---|---|---|
|||||||
|||||||
||||||11,900|



-37- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

## **19     Grant making (continued)** 

|**Family**<br>Home-start Leeds<br>**Health & Wellbeing**<br>Martineau Gardens<br>YMCA Reading<br>**Heritage**<br>Historic England<br>Normandy Memorial Trust Ltd<br>Warwickshire & Coventry Historic Churches Trust<br>West Somerset Railway Association<br>**Homeless**<br>Bradford Cathedral<br>**Hospice**<br>Ashgate Hospicecare<br>Florence Nightingale Hospice Charity<br>Havens Christian Hospice<br>Hope House<br>Thames Hospice<br>Wakefield Hospice<br>Zoe's Place|**Paid**<br>**2020**<br>**£**<br>-<br>**Paid**<br>**2020**<br>**£**<br>520<br>-<br>520<br>**Paid**<br>**2020**<br>**£**<br>-<br>25,000<br>1,985<br>-<br>26,985<br>**Paid**<br>**2020**<br>**£**<br>-<br>**Paid**<br>**2020**<br>**£**<br>12,105<br>-<br>-<br>-<br>-<br>-<br>1,040<br>13,145|**Payable**<br>**2021-23**<br>**£**<br>5,507<br>**Payable**<br>**2021-23**<br>**£**<br>-<br>10,800<br>10,800<br>**Payable**<br>**2021-23**<br>**£**<br>14,300<br>-<br>-<br>2,000<br>16,300<br>**Payable**<br>**2021-23**<br>**£**<br>1,775<br>**Payable**<br>**2021-23**<br>**£**<br>-<br>5,000<br>5,490<br>2,500<br>10,000<br>5,000<br>-<br>27,990|**Total**<br>**£**<br>5,507|
|---|---|---|---|
||||**Total**<br>**£**<br>520<br>10,800|
||||11,320|
||||**Total**<br>**£**<br>14,300<br>25,000<br>1,985<br>2,000|
||||43,285|
||||**Total**<br>**£**<br>1,775|
||||**Total**<br>**£**<br>12,105<br>5,000<br>5,490<br>2,500<br>10,000<br>5,000<br>1,040|
||||41,135|



-38- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

## **19     Grant making (continued)** 

|**Life-Limiting**<br>Alex, The Leukodystrophy Charity<br>Odyssey Project Limited<br>Paul's Cancer Support Centre<br>**Medical**<br>Above & Beyond<br>Antibiotic Research UK<br>Asthma Relief<br>Basingstoke and North Hampshire Medical Trust Fund<br>Birmingham St Mary's Hospice<br>Birmingham Women’s and Children’s Hospital<br>Children Of St Mary's Intensive Care (“COSMIC”)<br>Eric (Education And Resources For Improving<br>Childhood Continence)<br>Foulkes Foundation<br>Foundation for Liver Research<br>Helen & Douglas House<br>Milton Keynes Hospital Charity<br>Pancreatic Cancer Action<br>Roy Castle Lung Cancer Foundation<br>Scar Free Foundation<br>Society for Mucopolysaccharide Diseases (“MPS”)<br>South Warwickshire NHS Foundation Trust (“SWFT”)<br>Strongbones Children's Charitable Trust<br>UCL Glioma Research Group<br>Wellbeing of Women (“WOW”)<br>**Mental Health**<br>Blue Smile<br>Headway Cambridgeshire<br>Listening Post Christian Counselling Service Limited|**Paid**<br>**2020**<br>**£**<br>-<br>-<br>5,000<br>5,000<br>**Paid**<br>**2020**<br>**£**<br>-<br>-<br>3,990<br>-<br>-<br>-<br>-<br>-<br>12,600<br>-<br>-<br>-<br>-<br>-<br>8,000<br>5,000<br>2,018<br>4,212<br>150,000<br>20,000<br>205,820<br>**Paid**<br>**2020**<br>**£**<br>2,000<br>-<br>-<br>2,000|**Payable**<br>**2021-23**<br>**£**<br>1,000<br>1,000<br>-<br>2,000<br>**Payable**<br>**2021-23**<br>**£**<br>2,500<br>5,000<br>-<br>3,837<br>2,500<br>10,000<br>3,000<br>1,000<br>-<br>50,000<br>1,700<br>13,780<br>1,500<br>5,000<br>-<br>-<br>-<br>-<br>-<br>-<br>99,817<br>**Payable**<br>**2021-23**<br>**£**<br>-<br>1,300<br>3,000<br>4,300|**Total**<br>**£**<br>1,000<br>1,000<br>5,000|
|---|---|---|---|
||||7,000|
||||**Total**<br>**£**<br>2,500<br>5,000<br>3,990<br>3,837<br>2,500<br>10,000<br>3,000<br>1,000<br>12,600<br>50,000<br>1,700<br>13,780<br>1,500<br>5,000<br>8,000<br>5,000<br>2,018<br>4,212<br>150,000<br>20,000|
||||305,637|
||||**Total**<br>**£**<br>2,000<br>1,300<br>3,000|
||||6,300|



-39- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

**19     Grant making (continued)** 

|**Museum**<br>National Museums and Galleries Merseryside<br>National Trust for Scotland - Robert Burns Birthplace<br>Museum<br>**Music**<br>Young Classical Artists Trust (“YCAT”)<br>**Poverty**<br>City Harvest<br>Mitchell's Miracles<br>**Rehabilitation**<br>Create (Arts) Limited<br>Prison Choir Project<br>Prisoners' Education Trust<br>Read - The Reading Agency<br>Switchback<br>Wandsworth Community Chaplaincy Trust|**Paid**<br>**2020**<br>**£**<br>-<br>-<br>-<br>**Paid**<br>**2020**<br>**£**<br>-<br>**Paid**<br>**2020**<br>**£**<br>-<br>5,000<br>5,000<br>**Paid**<br>**2020**<br>**£**<br>1,369<br>3,000<br>-<br>-<br>1,008<br>-<br>5,377|**Payable**<br>**2021-23**<br>**£**<br>3,000<br>1,200<br>4,200<br>**Payable**<br>**2021-23**<br>**£**<br>1,000<br>**Payable**<br>**2021-23**<br>**£**<br>5,000<br>-<br>5,000<br>**Payable**<br>**2021-23**<br>**£**<br>-<br>-<br>5,260<br>2,000<br>-<br>5,080<br>12,340|**Total**<br>**£**<br>3,000<br>1,200|
|---|---|---|---|
||||4,200|
||||**Total**<br>**£**<br>1,000|
||||**Total**<br>**£**<br>5,000<br>5,000|
||||10,000|
||||**Total**<br>**£**<br>1,369<br>3,000<br>5,261<br>2,000<br>1,008<br>5,080|
||||17,717|



-40- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

## **19     Grant making (continued)** 

|**Rescue**<br>Magpas Air Ambulance<br>Norfolk Accident Rescue Service (“NARS”)<br>**Research**<br>Cure EB<br>**Theatre**<br>Bristol Old Vic and Theatre Royal Trust Limited<br>Live Theatre Winchester Trust - Theatre Royal<br>Winchester<br>Octagon Theatre Trust Limited<br>**Veterans**<br>Not Forgotten Association (“NFA”)<br>Veterans Aid|**Paid**<br>**2020**<br>**£**<br>-<br>6,747<br>6,747<br>**Paid**<br>**2020**<br>**£**<br>-<br>**Paid**<br>**2020**<br>**£**<br>-<br>3,859<br>-<br>3,859<br>**Paid**<br>**2020**<br>**£**<br>-<br>10,000<br>10,000|**Payable**<br>**2021-23**<br>**£**<br>8,255<br>-<br>8,255<br>**Payable**<br>**2021-23**<br>**£**<br>10,000<br>**Payable**<br>**2021-23**<br>**£**<br>1,000<br>-<br>5,000<br>6,000<br>**Payable**<br>**2021-23**<br>**£**<br>5,000<br>-<br>5,000|**Total**<br>**£**<br>8,255<br>6,747|
|---|---|---|---|
||||15,002|
||||**Total**<br>**£**<br>10,000|
||||**Total**<br>**£**<br>1,000<br>3,859<br>5,000|
||||9,859|
||||**Total**<br>**£**<br>5,000<br>10,000|
||||15,000|



-41- 



## **THE HOBSON CHARITY LIMITED** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)** 

|**19     Grant making (continued)**<br>**Youth**<br>Asperger's Children and Carers Together (“ACCT”)<br>Caxton Youth Organisation<br>City Escape<br>Clapton Common Boys Club<br>Community Heart Productions<br>Eastbourne District Explorer Scouts<br>Farms For City Children<br>Lifecentre Hattersley<br>One-Eighty Limited<br>Parallel Youth Enterprise (Lambeth Boxing Awards)<br>St Christopher's Family Centre<br>Super Power Agency<br>Transitions UK<br>Ufton Court Educational Trust<br>Wiston Lodge<br>Subtotal before reductions<br>Prior year grant commitments cancelled<br>Total<br>**Grants made by Fund**<br>Income<br>Education<br>Research and Heritage<br>Total|**Paid**<br>**2020**<br>**£**<br>-<br>-<br>1,400<br>600<br>448<br>2,000<br>-<br>1,000<br>-<br>1,957<br>-<br>-<br>-<br>-<br>-<br>7,405<br>443,921<br>(130,907)<br>313,014<br>**Paid**<br>**2020**<br>**£**<br>4,084<br>90,480<br>218,450<br>313,014|**Payable**<br>**2021-23**<br>**£**<br>2,400<br>1,000<br>-<br>-<br>-<br>-<br>5,000<br>-<br>805<br>-<br>2,000<br>4,965<br>1,530<br>5,000<br>1,000<br>23,700<br>401,617<br>-<br>401,617<br>**Payable**<br>**2021-23**<br>**£**<br>186,608<br>92,269<br>122,740<br>401,617|**Total**<br>**£**<br>2,400<br>1,000<br>1,400<br>600<br>448<br>2,000<br>5,000<br>1,000<br>805<br>1,957<br>2,000<br>4,965<br>1,530<br>5,000<br>1,000|
|---|---|---|---|
||||31,105|
|||||
||||845,538<br>(130,907)|
||||714,631|
||||**Total**<br>**£**<br>190,692<br>182,749<br>341,190|
||||714,631|



-42-