Charity Reglstratlon No. 326839 Company Regislratlon No. 01890971 (England and Wales} THE HOBSON CHARITY LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 The Hobson Charity
THE HOBSON CHARITY LIMITED LEGALAND ADMINISTRATIVE INFORMATION Directors Lady Patricia Hob OBE Eiizabeth Kelsall Jennrfer Hobson Deborah Hobson Resigned 7 October 2025 Charity number 326839 Charlty Status Registered in England and Wales Company nurnb8r 01890971 Reglstered office Suite 104. 6 The Broadway London NWI 3LL Corrospond•nce address PO Box 57691 London NW7 OGR Admlnlstratorl maln Contact Marf< Tumer W•bsito wx.hobsoncharity.org.uk Auditor RSM UKAudit LLP Charter8d Accountanis The Capitol 431 Union Street Aberdeen United Kingdom AB116DA Bank•rs Uoyds Bank Pic 39 Threadneedle Street London EC2R 8AU Solicitors Ed¥wn Coe LLP 2 Stone Buildings Lincdn's Inn London WC2A 3TH Investment advisors Sarasin & Partners LLP Juxon House 100 St Paul's ChurthyaTd London EC4M 8BU
THE HOBSON CHARITY LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The directors are pleased to present their reF4)rt together wfth the audited financial ststements cl the charitable company I'the chartw) for the year ended 31 March 2025. which also represents the trustees. report which is required to be prepared by Part 8 of the CharitiesAct 2011. The directors of the tharity are its trustees for Ihe purpose of charity law, as set out on the leJal and administrative information page. and throughout the financial statements are collectively referred to as the trustees. The financial ststements have been ppad in a0rdan wrth accounting policies set out on pages 13 to 15 and with applicable United Kingdom accounting standards, current statutory requirements. the Charities Act 2011. the Companies Act 2006 (Charitable Companies). Accounting and Rewting by Charit$.. Statement of Recommended Practice applicable to charittes preparing their accounts in ac(x>rdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland fFRS 10Z) and Ihe charivs goveming dooJmenL Legal and administrative information fomis part of this repKJrL Objectives and actlvltles The Hobson Charity was founded in 1985 and was established to achieve Ihe following objectives: The relief of poverty. suffering and distress of those in need in Ihe United Kingdom, including provision of facilities for recreation and leisure in the interests of their swal welfare. The advancement of education amongst the inhabitants of United Kingdom; The furtherance of other char¢table purposes benefirial to such o)mmunities of the Untted Kingdom as the Charity may think fi( and To make grants to such aslnS, trusts. societies or worations eslablished for charitable purposes The truslees will consider applicions for grants whith are in acrdanCe I1h the stated objectives ofthe charity and: are from a registered chariiable organisation based in England and Wales. do not indude salary, people or core running costs of any kind. and ar8 not repeat or mufti-year requests. Exc8ptions lo these principles are only c(jered in (very) exceplional L?ruJmstances. In the short-tem, the charity carries out its obiectsves by making grants to 8 wide range of charitable caus8s as quanttfied in note 5 to the ffinancial statements. The thaiity aims to distribute grants to those charitable organisations Ihat the board of trustees decide are in line the objectives of the charity. By providing such finanaal support the charity seeks to enable other charitable organisations to achieve their objectives. The trustees, long-terni aim is to maintain total frjnds at a level whkch will generate investment income to fund fvture grant making at a level of approximatety £1.2m per annum in perpetuity. In the current year, the charity achieved total investment income of £1.796,906 (2024: £1,637.796). The charity had been staggering its £36m reinvestment plans to spread its risk exposure, becoming fijlty invested in the final quarter of the prior year. Under the Memorandum and Articles of Association. the charity has the power to invest viithoui any restrictions any monies of the charity upon such investments arKI in such manner as may from time to time be expedienL The trustees confim that in accordance wilh section 17 of the Chartlies Act 2011. they have referred to the Charity Cornmission's general guIdare on public benefit when revwing the tharitys aims and objectives and in planning thetr future grant making activities. During the year ended 31 March 2025, the twstees aimed to distribute a minimum of £1.200.000 (2024.. £1,200,000} in grants. In October 2022. the charity changed the focus from Covid-19 to the Cost of Living, at the time of writing the trustees are focusing their attention io urgent Cost of Living related applications from Yronljine. service charitable organisations. The sedion 'Athievements and perfornan. below conta further detsils of grants made during the year. ObJ•ctNes and activiti•s (continued) The trustees have paid due regard to guidance issued by the Charity Commission in de¢iding what adivits'es the charity should undertake.
THE HOBSON CHARITY LIMITED TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and perforniance During the year the trustees approved 220 grants totalling £1,943.034 (2024: £1.471.297). Of thts totsl. £1,202.708 {2024: £982,853) falls due for payTnent in future years. This was more than the charitys obj'ectsve for the year due to the large number of applications held back from the prior years. The following table puts the charitvs grants for the year into broad categories and show5 the prior year for comparis(N). Full details of the grant reciptents are set out in note 5 to the financial statements. Category 2025 Amount 2025 Numbor of grants 2024 Amount 2024 Number of grants Animals Arts Bereavement Carers Cathedral Community Counselling Disabilty Domestic Abuse Education Eldedy Environmental Family Homeless Hospicg Life-Limiting Medical Menlal Health Museum Music Poverty Rehabilitation Rescue Theatre Veteran$ Youth 118.485 9.200 37,240 20,110 14.400 20.¢)00 276.340 5.150 249.616 40.505 10,000 162.214 32 20 27 243,284 15,000 24.318 18,826 21,789 100.110 100,917 8,346 113,722 72.530 77,582 47,493 188,219 11,500 61,024 41.853 12.000 74,220 59.255 13 22.274 157.467 178.054 16 23 12 329,735 32,578 8.oc 32.776 144.123 7.4 53,3¢yJ 16.853 41.000 116.940 17 11 10 23 27 21 16 Total of grants appn)ved In year Less: grants cancelled from previous years 1.943.034 220 1.471,297 185 {86.612) (100,606) Total 1,856.422 1,370.691
THE HOBSON CHARITY LIMITED TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Achlevements and perforniance (continued) During the year 220 grants <2024: 185) were awarded to 220 drfferent benefftiaries (2024: 185) in furtherance of the charity's objectives. The tharity received investment income (l of the management charges) of £1.313,710 from Sarasin & Partners LLP Investment Fund (2024: £1.280,281) the inuease is as eeCted. The charity received interest of £313.983 {2024: £198,229), inc#Jrred govemani costs of £87,770 (2024: £84,414> and investment management fees of £169.213 {2024: £159.286). The trustees invested a further £nil (2024: £465,229) in the current year into the porifolio held with Sarasin & Partners LLP. The fair v8lue of the investment portfolio at the balan sheet date was £42,606.359 {2024'. £42,163,189). The trustees believe this portfolio is adequately divetwfied and wll provide b8neffi¢ial investment retums in the future. Financlal review The charitys activities resulted in net outgoing resourc8s on the Unrestrict8d Income Fund for th8 year of £316.499 (2024: incoming resources £23.406). The totsl amounl received during the year into the Unrestricted Incom8 Fund was £1,627.693 nel of the investmènt management Gharges {2024: £1.478,510). The usual principal fvnding Sour of the charity are the inGome from th8 investments and bank inte$t. Donations receNed amounted to £nil 12024: £nil). These sources generat8 énough incom8 to enable the charity to meet its objectives. No transfers were made from the Expendable Endowment Fund to the Unrestrictéd Inrne Fund. The Expendable Endowment Fund increased by a net amount of £443,796 12024: £3.105,444). This was made up of an increase of the UrliSed gain of £443,796 (2024: £3,105,444) on the Sarasn & Partners LLP Investment Fund. The charity hokls an expendable endowTnent fund to ensure the aims of the charity can b8 met in perpetuty. As at 31 March 2025 the charity had total funds carried forward of £48,052,692 12024: £47,925,395). The trustees consider the risks associated wlth the assets in which funds ar8 held and aim to maintain an appropriate mix of assets in order to alise the long-tenn aim. Reserves policy The trustees have been holding pViouS years underspent in)me during the transition from propety to equities as a buffer to ensure that there are sufficient fvnds to done. The trustees consider that this level will provide sufficient fijnds to respond to appli(xtions for grants and ensure that suppNt and govemance costs are Covere Part of the accumulated unrestricted fund has been used to fund the £36rn of long tem inveslment portfolio to ensure ongoing operations in perpetuty. The balance held as unrestricted funds at 31 March 2025 was £18382.276 (2024: £18.698.775), of which £3,812,429 (2024". £3,534,233) are regarded as available reserves. Plans for the future At the time of writing, the trustees are contruing to actively priorilise uffjent cost of liwng applications from Yronuine. service charitable organisations as well as wioritising appInS lor urgently needed equipment or other specific items. The charity is a paperless organiSatn. The tnjstees have developed an online application portal. which can be accessed at www.hobsoncharity.org.uk. Potential applicants are advised to use the portal for the most up-to4ate information on fvnding availabilty and guidance on how to apply. All corresrM)ndence must be submitted via the portal. Grant applications musL" be rxjnsistent &th the tharitys objectives; exdude core costs. people salary costs: and indude the project details. a detailed budw and the most recent year end financial statements.
THE HOBSON CHARITY LIMITED TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Plans for the future (continued) The trustees intend to distribute a total of approximately £1.2m from the unrestricted funds during the year ending 31 March 2026 and to review how the chariV3 grants have been applied by the recipients of previous donations and grants and progress made by projects that the tharitys funding has made possible. The ITUStees continue to yk with their investment advisor5 Sarasin & Partners LLP in seeking aliemative appropriate investment OPPM)rtunities. During the prior year. Ihe chaiity reached their target investment holding with Sarasin & Partners of £36m. The trustees are confident that through a combination of different COme streams. they wll receive suffiaent income to enable the chartty to meet its objectives. Structure, governance and management The Hobson Charity Limited is a private o)mpany. limtted by shares and a registered thaiity govemed by its Memorandum and Artides ofAssociation. The charity may by ordinary SOlUtIon appaint a person who is willing to act to b8 a trustee either to fill a vacancy or as an additional Irustee. Subject to Artide 31, a trustee may be appJint&J under the Memorandum and ArtiGles of AssoGiatit)n to hold offic8 for lrfe or any Other period or upon such terns in r8spect of their retiTrment as the trustees shall at the timé of their appointment detemine. Any person may be appointed or eleded as a lJust8e, whatever may be their ag8, and no trustee shall be required to vacate their officé by reason of their attaining having attained thè age of seventy years or any other aga. The trjstees have consklered the recruitment. appointment and training of new trustees. They agreaj that any new trustee would have to be reputable, professional and be selected based on their suitability for the role. Training in finanaal accounting should be a quIrement. athough 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 k)m of publications available from the Charity Commission. Any queries would be addssed to relevant professional advif4)rs as requid. As part of the induction process, new trustees are familiarised with the charity's goveming documenL All trustees give their time freely and no trustee runeratiOn was paid in the current and prior year. Decis1nS are made by the trustees wÈth regards to grant maknNJ and i)ther areas. with the consent of all trustees at board meetings. Prlnclpal rlsks and un¢ertalntles During the year the trustees have undertaken a risk assessmenL The assessment helped to identify the major risks to which the chartty 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 govemance costs. The tharity holds a mixed portfolio of investrnents and the trustees have established a syslem to review major risks and to mibjate those risks by regulaty reviewing the portfolio. The exposure of the charity to price risk, credit risk. liquidity risk arKI cash Ilow risk from holding its inveslments is therefore limtted.
THE HOBSON CHARITY LIMITED TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Reference and administrative inforniation The reference and administrative InfOnatiOn set out on the legal and administrative information page that fomis part of this report. The trustees who served during the year are shown on the legal and administrative information page that foms part of this report. In preparing this report the Trustees have taken advantage of the small companies exemptions proifjded by section 415A of the Companies Act 2006,. The trustees report was approved by the Board of Trustees. Lady Patricia Hobson OBE Emma Cook Jennifer Hobson Dated: 28 Odober 2025
THE HOBSON CHARITY LIMITED STATEMENT OF TRUSTEES RESPONSIBILMES FOR THE YEAR ENDED 31 MARCH 2025 The twstees. who are also Ihe directors of The Hobson Charity Limited for the purpose of company law, are responsible for preparing the Trustees Report and the accounts in accordance th applicable law and United llngdom Accounting Stsndards (Uniled Kir¥Jdom GenerallyAccepted Accounting Practice). Company Law requires the Irustees to KKepare acUnts for eath ffinan(ial year which give a true fair wew of the state of affairs of the charity and of the incoming resources and applicafion of resources, induding the iricome and expenditure, of the chariiable company for that year. In preparing these accounts. the trustees are required to: - select suÉlable accounting policies and then apply them con5iStenty, - observe the methods and principles in the Charities SORP". - make judgements and 8stimates that are reasonaLle and prudentr. and prepare the accounts on the going concem tr)asi$ unless it is inapwopriate tr) presume that the charity will continue in operalion. The trustees a responsible for keeping adequate accounts'ng records that disdose with reasonabl8 accuracy at any lime the financial position of the charity and enable them to ensure that the accounts comply with the Companies Act 2006. They are also sponsible for safeguarding the assets of the charity and hencE for taking reasonable steps for the prevention and detection of fraud arKI other irregularities. In so far as the trustees are aware: there is no fel8vant audit inf0mli0n of whith the charilable cnmpanys auditors a unaware: and the trustees have taken all steps that they ought to have taken to make themselves aware of any rBlevant audit infomiation and to establish Ihat the auditors are aware of that infomiation. The trustees a responsible for the maintenance and integrity of the corporate and financ4al inf¢Thation included on th8 charitable ¢ompany's website. Legislation in the United Kingdom goveming the preparation and dissemination of finanaal staternents may differ from legislation in OtherjurisdlIons. The trustees authorise the Directors. ReF
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE HOBSON CHARITY LIMITED Oplnion We have audited the accounts of The Hobson Charity Limited (the 'charity') for the year ended 31 March 2025 which comprise the Statement of Financial Activitses, the Balance Shee( the Statement of Cash Flow5 and the notes to the accounts. induding a sufflrn of significant accountirvJ policies. The financial reporting framework that has been applied in their preparati( is applicable law and Untted Kingdom Accounting Standards. induding Financial Reporting Standard 102 The Finanual Reporting Standard applicable in Ihe UK and Republic of Ireland (United Kingdom Generally ApIed AccJntirwj Practtce). In our opinion the accounts.. give a true and fair view of tre state of the chaiTlabb (x)mpanYs affairs as at 31 March 2025 and of its incoming res¢wrces and appli(tstion of resources, including its income and expenditure. for the year then have been propety prepared in accordance with United lfjngdom Generalty Accepted Accounting practi., and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for opinion We conducted our audit in accordance wtth International Stsndards on Auditsng (UK) (ISAS (UKII and applicable law. Our responsibilities under those standards are fvrther described in the Audilo¢s spOnsIbl11t1eS for the audtt of the accounts section of our p0 We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the a¢UnIS in the UK. induding the FRC'S Ethical Standard, and we have fij111ed our other ethical responsibilthes in aCrdance these requirements. We believe that the audit evidence we have obtained is suffiuent and appropriate to prowde a basis for our opinion. Concluslons relating to golng concern In auditing the financial statements. we have concluded that the trustees. use of the golng concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perf0m. we have not identif*Y any matefial uncertaintle$ relating to events or condf(ions that, individually or collectivety, may Cast signifficant doubt on the d)aritable company's ability to continue as a going concem for a period of at leasl 1Ve months from when Ihe financial statements are authorised for issue. Our responsibilities and the resFy)nsibilities of the trustees with respect to going concem are described in the relevant sections of this pOrt Other infomatlon Th8 trustees are responsible for the other information. The other infonnalion comprises the infornati¢Jn Included in the annual report. other than the accounts and our auditofs report ihereon. Our opinion on the ac(x)unts does not cover the other information and. except to the extent othephise explialty stated in our report we do not express any fom) of assurance Conclusion thereon. In connection with our audit of the accounts. our responsibilty is lo read the other infomiation and, in doing 50. consider whether the other information is materially inconsistent with the accounts or our knowledge oblained in the audit or otherwise appears to be materially misststed. If we identtfy such material inconsistencies or appsrent material misstatements. we are required to determine whether there is a rnaterial misstatement in the accounts or material misstatement of the other infomiation. If. based on the work we have perfomed. we condude that the is a material misstatement of this other infoTrnation. we are required to rewt that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit: the information given in the Trustees Rep)rt for the financial year for vthich the accounts are prepared is Consistent with the accounts: and the Trusle8s Report has been prepared in aOrdanCe with appIlble legal requirements.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE HOBSON CHARITY LIMITED (CONTINUED) Matters on whlch we are required to report by exception In the light of the knowledge and understanding of the trustees and its environment obtained in the course of the audit. we have not identified material misstatements in the Trusiees Report. We have nothing to report in respect of the foll0vng matter5 in relation to which the Charibes Act 2011 require5 US to report to you if, in our opinion: the infomation given in the Trustees ReFth is inconsistent in any materlal respect the accounts.. or adequate accounting records have nol been kep( or retums adequate for our audit have not been e5Ved from branches not visited by us; or the accounts are not in agreement Vth the accounting records and relurns; or certain disdosures of twstees. remuneration specified by law are Th)t made; or we have not received all the infonnation arKI explanations we require for our audit. Responsibilitles of Irustses As explained more fully in the Statement of Trustees, Responsibilities. the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the f1nancial statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees det8miine is necessary to enable the preparation of financial statements that are free from material misstatement. V4helher due to fraud or error. In preparing th8 financial ststements. Ihe trustees are responsib18 for assessing the chariiable c¢Jmpany's ability to ¢ontinu8 as a going nCern. disclosing. as applicable. matters related to going wncem and using the going Concem basis of acwunting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic att•mative tMJt lo do so. Auditorfs rosponslbilities for th• audlt of the flnancial sLitomants Our obje¢tive$ are to obtain reasonable assurance atrt)ut whether the finanual statements as a whole are free from material misstatement, whether due to fraud or error. arKI to issue an auditorfs report that indudes our opinion. Reasonable assurance is a high level of assuran, but is not a guarantee that an audit conducted in accordance with ISAS {UK) will always dete( a merial misstatement vthen it exists. Misstatements Can arise from fraud or error and are considered malerial if. indivKlually or in the aggregate, they &)uld reasonably be 8XFected to influence th8 economic decisions of users taken the basis of these finarKial statements. The extent to whl¢h the audit was consldored ¢apable of detecting Irregularhies, ineluding fraud IegularitieS a instances of non-complk8n¢e with Liws and ulationS. The objecti'ves of our audr( are to obtain sufficient appropriate audit evidence warding compliance wtth laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audtt procedures to help identify instances of non-compliance with Othèr laws and regulab'ons that may have a material effect on th8 financial statements. and to respond approprialely to identified or suspected 0COmpliance laws and regulations identified during the audit. In relation to fraud. the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud. to obtain suffiaent appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriats reswnses and to respond appropriately to fraud or suspected fraud idenlified during the audiL However. it is the primary responsibilty of management. with the oversight of those charged with governance, to ensure that the entitys operations are conducted in accordance wlh the provisions of laws and regulations and for Ihe prevention and detection of fraud.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE HOBSON CHARITY LIMITED (CONTINUED) The extent to which the audtt was ¢on$idered capable of detecting Irregularities. including fraud (cont.) In identifying and assessing risks of material misstatement in rwct of irregularities. includir¥J fraud. the audit engagement team: obtsined an understanding of the nature of the sector. induding the legal and regulatory framework that the charitable company operates in and how the charitable company is complying with the legal and regulatory framework,. inquired of management, and those charged govemance. about their own identffjcation and assessment of the risks of irregularities, induding any known actual. suspected or alleged instances of discussed matters about non-cornpliance with laws and regulalions and how fraud might crtr induding assessment of how and where the financial ststements may be sPtib1e to fraud. As a result of these proCedUs, we rxfisider Ihe most signfficant laws and regulations that have a direct impact on the financial sL8tements are FRS 102. Charities SORP IFRS 1021. Companies Act 2006, Charities Act 2011, the charttable companys governing documenL and Charities (Protection and Social Investment) Act 2016. We perfomied audit procedures to detect nor0Mpliances which may have a material impact on the financial statements which included reviewing the financial statements induding the Directors. Report. remaining alert to new or unusual Iransactions which may not be in acrdanCe with charity law. inspecting board rninutes and confiming that there has been no wrreswndence with the Charity Commission or extemal legal advisers in the period. The audit engagement team identtfied the risk of management override of controls and income recognition as the areas where the financial statements were mosl susceptible to material misstatement due to fraud. Audit procedures performed induded but were not limited to testing manual joumal entries and other adjustments, evaluating th6 business rationale In relation to signffi¢ant, unusual transactions and transacttons ent8red into outside th8 nomial course of business, chaltenging judgments and estimates. We have also carried out substantivè testing over financial income. Use of our report This report is made solely to the charitable companYs members. as a body, in accordance Chattsr 3 of Part 16 of the Companies Act 2006. Our audit Yrk has been und8rtaken so that we might state to the charitable ¢ompany's membérs thosè matters we a required to state to them in an auditors report and for no other purpose. To the fvllest extent pemiitted by taw. we do not accept or assume responsibilty to anyone other than the charitable company and the charitable companws members as a body, for our audit work, for thi$ repor( or for the opinions we have fom)ed. We also considered those other laws and regulalions that have a direct impact on the preparation of financial statsménts, such as the Companies Act 2006 and the Charities Ad 2011. Irene Hamblelon BACC CA {Senior StatutoryAudttor) For and on behalf of RSM UK Audit LLP. Stabjtory Auditor Chartered Accountants The Capitol 431 Union Street Aberdeen, AB116DA United Kingdom 2q OCTO8re 2c25
THE HOBSON CHARITY LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Endowment funds funds T¢)lal 2025 Total 2024 Investments 1.796.906 1.796.906 1.637.796 Raising funds 169.213 169,213 159.286 Charitable activities 1.944.192 1,944,192 1.455.104 Total resources oxpended 2.113,405 2,113.405 1.614.390 Nel gains on investments 10 443,796 443.796 3,105.444 Net movement in funds (316.499) 443,796 127,297 3,128,850 Total bjnds brought forward 18,698,775 29,226,620 47,925,395 44.796,545 Total funds caThied forward 18,382,276 29,670,416 48,052.692 47.925.395 The statement of finandal actiwtses includes all gans and losse5 temgnlsed In year. l income and expenditure derive from cc*)tinuing activities. 10-
Company Registrdtion No. 01890971 THE HOBSON CHARITY LIMITED BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Fixed assets Investments 11 42,606,359 42.183,189 Cuffent assets Debtors Cash at bank and in hand 12 39.408 7.126.832 35,643 7,067,793 7.166.240 7,103,436 Creditors: amounts falling due within ono yoar 13 {1.445,296) (1.052,795) Net Current assets 5,720.944 6,050,641 Total assets less currerrt liabilities 48.327.303 48,213.830 Crnditors: amounts falling due after more than one year 14 {274.6C6} (288,430) Net assets 48,052.697 47,925,400 Represented by: Share capital Expendable Endowment Fund Unrestricled Incorne Fund 15 16 17 29,670,416 18,382,276 29,226,620 18,698,775 48.052.697 47,925,400 These a¢xounts have been prepared in ac¢an wth the speoal provisions of part 15 of the Companies Act 2006 relating to small companies. The accounts were approved by the Trustees on 28 October 2025 Lady Patricia Hobson OBE Trustee mma Cook Trustse Jennrfer Hobson Trustee 11
THE HOBSON CHARITY LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activities Cash absorbed by operations 19 (1.737,867) (1,205,712) Investing adivities Purchase of investments Interest received 1465.229) 1.637,796 1.796,906 Net cash generated from investing activities 1.796.906 1.172.567 Net cash used in financing activities Net increas•l{de¢roa$o) In $h and cash equivalents 59.039 (33,145} Cash and cash equivalents at beginning of year 7,067,793 7,11)0,938 Cash and cash equlvalents at end of year 7.126,832 7,067.793 12-
THE HOBSON CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcies Charity Information The Hobson Chaiity Limited is a private company limtied by shares incorporated in England and Wales. The registered office is Suite 104. 6 The Broadway. MISI Hill, London, United Kingdom. NW7 3LL. Accounting convention The accounts have been prepared under the charivs historic cost convention and in accordance with. the Companies Act 2006 and "Accounting and Rewrting by Charities: Slatement 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) ) - (Charities SORP {FRS 1021). the charleS Act 2011 and the Financial ReFM)rting Standard applicable in the UK and Republi¢ of Ireland (FRS 102). The tharity is a Public Benefft Entity as defined by FRS102. The accounts are prepared in sterling. whith is the fundional rrencY of the charity. Monetsry amounts in these financral slatements ar8 rounded to the nearest £. Golng concern At the time of approvin9 the financial statements, the truslèes have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The truste8s have been holding previous years underspent ino)me during the transbtion from property to equities as a knffer to ensure thal Ihere are suffiaent ndS to donate. The trustees consider that this level will provide sufficient funds to respond to applications for grants and ensure that support and govemance costs are covered. Part ol the accumulated unrestricted fijnd has been used to fvnd the £36m of long terni investment portfolio to ensure ongoing operalions in perpetuty. Thus the trustees continue to adopt the going concem basis of accounting In preparing the finanaal ststements. Charitable funds The charity maintains an Unrestricted Income Fund. which indudes a Designated Unrestricted Income Fund and an Expendable Endowment Fund. Income generated by the Expendable End0%ent Fund is reLwnised as part of the Unrestricted Income Fund. Unrealised valuation gains or ktsses on liste(1 inveslments are recognised in the Expendable Endowment Fund. The Expendable Endowment Fund was established from donations ceiVed for that purpose. The primary intention in establishing an Expendable Endonent Fund is for funds to be invested so as to generate future income for the purpose of the charity. The tnjstees shall a150 be permitted to cnnvert any or th8 entire Expendable Endowment Fund to the Unrestricted Income Fund, however in any deasion whelher or n(* to convert endowment monies into expendable income the trustees should have regard for the primary intention of this endowment. The charity eslablished a Designated Unrestricted In(x)me Fund in the year ended 2019 from the donation received. The intenb'on in establishing a Designated Fund is for funds to be granted for the advancement of research and heritage. Another one was created in the prior year for wildlrfe. These Designated Unrestricted Income Funds are in addf(ion to the Designated Unrestrithd Inuyne Fund for the advancement of education which was Created in the year ended 2018. Any funds receivable during the relevant aA>Unting year but not utilised are carried forward as part of the Unrestricted Income Fund. Restricted funds are subject to speufic conditions by donors as to how they may be used. The purrK)ses and uses of the restricted fijnds are set CArt in the notes to the finarKial statements. 13-
THE HOBSON CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) Incoming resources Income is recognised when the chaiity has entitlement to the funds. on the following basis.. fi) Donations and legacies Donations, legaues and grants are recognised Ythen the charity has ents'lement lo the funds, any performance cndItIOnS attached to the ilem{s) of income have been mec it is probable that the income will be received and the amount can be measured reliabty. (li) Listed investments Dividends and commisston are recognised when recervable and represent income received from listed securities. (Iv) Bank interest receivable Interest is recognised when receivable by the charity and presents treasury and bank interest. Resou¢$ expended (i) Raising funds This comprises investrnent management fees which are recognised on an accruals basis. Any Irrècoverable VAT is added to the related expense. (ill Grant making Grants are accounted for in fvH in the pernd the grants are aFproved and the deasion is notified to the recipient Irrespeclive of the period covered by the grdnL Grants awarded but not y8t pald are recorded as grant Commitments in the Balance Sheet. Grant cx)mmitment creditors are split bett*n creditors amounts falling due within one year and creditors amounts falling due after one year according to when the grants wlll be paid (see note 6). (iii) Govemance costs Govemance costs indude extemal audit and accountsncy fees, staff costs and legal and professional fees. Govemance costs are recognised on an accruals basis. Irrecoverable VAT is included in the cost of those items to which it relates. Fixed asset investments Listed investrnents are stated in the financial statements at fair value. Realised gains and losses on the sale of investrnents are calcyjlated as the difference beknn the sale proceeds and the original cost. Unrealised gains and losses represent the fflovement ben fair values. Realised and unrealised gains and losses are induded on the face of the Staternent of Financial Activities (irbduding an income and expendilwe account). Listed investments are held primarily to provide an investment retwn for the tharity. Cash and cash equivalents Cash and cash equNalents indude cash in hand. deposits held at call wilh banks, other short-tem liquid investments with original maturtties of three months or less. and bank overdrats. Bank overdrafts are shown within borrowings in Current liabilities. Financial Instruments The charity has elected to apply the provIonS of Section 11 'Basic Finanual Instruments, of FRS 102 to all of its financial instruments. Financi21 instruments are reccqnised in the charitys balance sheet when the Charity becomes party to the contractU81 provisions of the instrumenL Financial assets and liabilities are offset. with the net amounts presented in the financial ststements. when there is a legally enforceable right to set off the recognlsed amounts and the is an intention to settle on a net basis or to realise the asset and setlle the liabilty simultaneously. 14-
THE HOBSON CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles (Continued) Basic financial assets Basic finanual assets, which include other debtors and cash and bank balances, are initially measured at transaction price induding transaction costs and are subsequenty carried at amorbsed cost using the effective interest method unless the arrangement constitutes a financing transaction. ere the transaction is measured at the present value of Ihe future receipts dis(xunted at a market rate of interest. Ifftpairnit of ffnancial assets Financial assets. other than those held at fair value through incorne and expenditu, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset. the estimated fijture cash ftows have been affeded. If an asset is impaired. Impalmnt loss is the difference between the carying amount and the present value of the estimated cash flows discounted at the assefs ¢yiginal effective interest rate. The irrpairment loss is recognised in net incomel{experKliture) for the year. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impaiment is Versed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been. had the impaiment not previously been recognised. The impainnent revefsal is recognised in net incomel(expenditure) for th8 year. Financial assets are dere¢ts3nised when.. (a) The contractual rights to the cash Ilows from the asset expire or are setued,. 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 tranerred to another paty who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing addttsonal restrtctions. Basic financial 11a.11tieS Basic financial liabilities. induding trade and ottr ueditors that are dassified as debt are initially recognwl al transaction prtce unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments di$Unted at a market rate of interest. Debt instruments are subsequenuy carried at arnortised $( using the effective interest rate method. Trade creditors are obligations to pay for goojs or SeN1 that have been acquired in the ordinary course of business from suppliers. Trade Creditors are recthjnised initially at transaclion price and subsequendy measured at arnortysed cost Using the effective interest methoj. Financial liabilities a dee(Wjn1Sed when the liabilty is extinguished, this is when the ¢ontrtthial obligation is discharged. cancelled or expires. Financial assets and liabilities are offset and the net amounts presented in the financial stateMts when there is a legally enforceable right to set off the reeognised amounts and there is an intention to settie on a net basis or to realise the asset and setlle the liabilty simultaneously. Derecognition of financial liabilities Finanaal liabilities are derecognised vlhen the tharitys cx)ntracbJal oblbgations expire or are discharged or cancelled. 15-
THE HOBSON CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Critical accounting estimates and judgements The preparation of the charivs financial stslements require trustees to make judgements, estimales and assumptions that affect the reported amounts of revenues. expenses, assets and liabilities, al the reporting date. However uncertainty about these assumptions and estimates (x)uld result in outcomes that require a material adjustrnent to the canwng amount of the asset or liabilty affected in future periods. Investments 2025 2024 Income from listed investments Interest receivable 1,482.923 313.983 1,439,567 198,229 1.796,906 1,637,796 Ralslng funds 2025 2024 Investment management fees 169,213 159,286 Grant maklng Paid 24125 Payable in future years Total Anlmals FTiends ofAnimals League (FOAL Fami) Dogs Trust Bristol. Clifton and West of ErwJland Zoological SoLiety Limited Cotswold Dogs & Cats Home (RSPCA) RSPCA Mid Norfolk and North Suffolk Blue Cross Woodgreen Pets Chartty National Animal Welfare Trust Support Dogs 12.000 5.000 12,000 5,000 25,000 5,000 5,01)0 16,089 5,396 15,000 30,000 25,000 5,000 5.000 16,089 5.396 15.000 30.000 37.000 81,485 118,485 Arts Corn Exchange Trust 9.200 9,200 16-
THE HOBSON CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Grant making (Continued) Paid 24r25 Payable in future yèars Total Bereavement Suicide & Co Children's Bereavement Centre 6.626 858 6.626 858 7,484 Carers Parents and Carers Support (TrganiS*l (PACSO) Young carS Devek)pment Twst Care for the Carers 5,000 5,700 3.700 5,O¢yJ 5,700 3,71XI 14.400 14.400 Cathedral Exeter Cathedral 20,000 20,000 Communlty Hope Community Church I Saints. Church, Gazeley St Peterfs Parr feLine Church Helpful Bureau Barrowden Village Hall CIO Queen's Crescent CommuntyAssociath)n Windmill Hill Community Organisation Blackbum St Luke. St Mark & St Philips St Pelerfs Church Westhampnett St Michael and All Angels. Chefvrynd Cleanup UK Quom Baptist Church Connect North Korea St James Fletchamstead Breaking Barriers Blackpool FC Community Trust Christ Church Spitalfields Maker with Rame Parochial Churth Council Kingsley Hall Church and Community Centre St Thomas, Old Charlton Bentilee Volunteers Jewish Family Centre Ltd North End Baptist Church St Adhelm's Church 4,800 4,800 5,000 5,000 2S,000 5,000 10,OIXI 25,000 5,500 6.300 10,000 4,000 10,800 6,923 4,900 10,000 6.996 11.500 5,334 10,000 12,000 9,673 5,000 2,820 7.350 4.690 5.000 5,000 25,000 5.000 10.000 25.000 5,500 6,300 10,000 4.000 10.800 6.923 4,900 10,000 6.996 11.500 10,000 12.000 9.673 2.820 7,350 4.690 17-
THE HOBSON CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Grant making (Continued) Pald 24125 Payable in future years Total Racing Centre Ltd St Peter and St Paul Parish Churth All Saints Church. Lydiard millinI Norfolk Cofflmunty Law Servic8 Limited Mount Zion Awstolic Church Holy Trinity Church Sunningdale C3 Church 4,954 10,000 10,000 5.000 8.000 19,800 5,000 4,954 10,000 10,000 5,000 8,000 19,800 5,000 40.816 235,524 276,340 Counselllng Southmead Project 5.150 5,150 Disability ELHAP Disabilty Support Kids-In-A¢tion Martha Trust Red Balloon Leamer Centre Group DS Achieve Livability Dame Hannah Rogers Trust 2019 Limited Park Lane Stables RDA TRACKS (Autism) Elizabeth Foundation Dame Vera Lynn Children's Charity shift.ms Riding For The Disabled Associthn Incorporating Carriage Driving (RDA) Royal National College for the Bb'nd Bishop's Stortford Mencap (Grove Cottage) Derwen College Sunbeams Play Samson Centre for MS Yaleley Industries for the Disabled Lirnited British Home Berkshire Mulb'ple Sderosis Therdpy Centre rnited ASPIRE (Asswation for Spinal Injury Researth. Rehabilttation, and Reintegration) Society for Mucopolysaccharide Diseases- MPS L'Arche Walsall Society for the Blind Suubdit¢h Care Farn 5,606 416 57,487 4.800 5,606 416 57,487 4,800 4,699 4,699 9,398 5,000 10,044 23,889 15,880 5,535 5,513 5,000 10,044 13.551 10,338 15,880 5,535 5.513 5.000 4,555 5,000 15,000 15.000 6.278 990 8.000 14,256 785 4,555 5,000 15,000 15,000 6.278 990 8,000 14,256 785 10,182 7,500 4.750 3.000 4,788 10,182 4,750 3,000 4,788 113.615 136.001 249.616 18-
THE HOBSON CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Grant making {Continued) Paid 24r25 Payabla in future years Total Domestic Abuse I Choose Freedom Charity Staysng Pvt Womencentre Limited Bramber Bakehouse Advance Maa Shanti Ltd 5.600 10,880 10,880 10,000 5.468 5,262 3,295 10,(100 5,468 5,262 3,295 16,480 24,025 40,505 Elderly Age UK North Yorkshire and Darlington Comwater EVergenS Donnington Partnership CIO Harrogate and Area Courscil for Voluntary SeNlces Ltd Age Concem (Heme Bay) Plymouth Age Concem Guideposts Age Concem£handlerfs Ford Age UK Westminster Spitz Charitable TnJst Memories Are Golden Federation of Jewish Services Holbeck Together 3.961 1.240 3,961 1,240 4,000 1.920 1,820 8,095 3,544 2,225 10,000 9,840 5,000 1,664 5,946 1,920 1.820 8.095 2.225 10,000 4,920 5.000 4,920 5.946 24.181 35,074 59,255 Environmental Brogdale CollectKJns 2.000 2,000 Family Making Space Dandelion Time Family Fund Trust 10.000 10,000 3,064 9,210 9.210 22,274 22.274 19-
THE HOBSON CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Grant makirhg Icontinued) Paid 24125 Payable In future years Total Homelessness Emmaus Bolton Emmaus Bolton Restore (Yo) Limited Hope at Home Manna Souety St Mungo's Communty Housing Association Bonny Downs Baptist Church Emmaus Oxford Embassy Bridge (East Midlands) Passage {Passage 2000) Hope Housing, Training and Support Limited Street Storage Sleep Pod Forward Trust Smart Criminal Justice Services Canaan Trust 9.491 (1.5821 9,491 (1,582) 7,000 5,875 3,246 10,01)0 20,000 5,000 60,681 5.000 6,248 6,000 4,750 3,000 5,000 3,000 4,758 5.875 3.246 10,O¢JO 20.01]O 5,000 60,681 5,000 6,248 6,000 4,750 3,000 5.000 3,000 4,758 27.905 129,562 157,467 Hospice Countess Mounlbatten Hospice Charity Limited Bury Hospice Lewis-manning Hospice Care Teesside Hospice Care Foundation Douglas Macmillan Hospice Acoms Children's Hospice Trust Farleigh Hospice St Luke's Hospice- Sheffield Woking Hospice Rowcroft House Foundation Limited st Richard's Hospice Foundation Five Towns Plus Hospice Fund Limited St Michael's Hospi (North Hampshire) Sl WIlfrKJ's Hospice (South Coast) Limited Rotherham Hospice Trust Ashgate Hospicecare Princess Aice Hospice Hope House childn'S Hospices Rowans Hospi Martin House Dove House Hospice Lirnited st Elizabeth Hospice 2,212 2,212 12,000 11,336 4,369 7,494 1.340 10,346 8,500 8,024 7,964 8,000 6,464 8.897 4.740 7.840 10,000 9,592 5,600 14,500 11,926 8.150 8.760 12,000 11,336 4.369 7.494 1,340 10,346 8.500 8.024 7.964 4.000 4,000 8,897 4.740 10.000 9.592 5,600 14.500 11.926 8,150 8.760 110.776 67.278 178.054 -20-
THE HOBSON CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Grant making (Continued) Paid 24r25 Payable in future years Total Medical Haliburton Highlands Health Services Foundation Francis Crick Institute Ailsa's Aim Royal National Orthopaedic Hospital (RNOH) Charity Katie Piper Foundation University College London Mulbery Centre Brain Tumour Research Royal Orthopaedic Hospitsl NHS Foundation Trust Moorfi8lds Eye Charity Animal Free Research UK UnNersity Hospitsls Dorset NHS Chafity Strongbones Children's Charttable Trust Liverpool Heart and Chest Hospslal (LHCH) Tommy's Frimley Heallh Charity Leukaemia and Myeloma Research UK 58,645 58,645 100,000 1,606 11.319 6,000 50,000 6,500 25,500 8,000 17,000 8,000 10,000 6,165 5,000 5,000 6,000 5,01)0 100.OCIO 1,606 11,319 6,000 50,000 6.500 25.500 8,000 17,000 8,000 10,000 6.165 5,000 5,000 6,000 5,000 148,416 181,319 329,735 Mental Health Rubicon Cares Church On The Street Ministries Light Peer Support (LTD) Mind in the Cty. Hackney and Waltham Forest Ltd Raising Health 1.925 1,925 9,690 1,153 8,750 9,135 3,850 9.690 1.153 8,750 9,135 1.925 30,653 32,578 Museum Zurbaran Tnjst 8,000 8,000 Music National Youth Arts Wales Wells Cathedral Chorister Trust mozarts.sts 3,000 25,000 4.776 25,OtKJ 4,778 32.776 32,776 21
THE HOBSON CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Grant making Icontinued) Paid 24r25 Payable in future years Total Poverty Reading List Foundation Welcome Centre {Huddersfield} Refugee and Migrant Forum of Essex and London (RAMFEL) Karis Neighbour Scherne Community Impact Inikn'ative CIC Nicodemus Sutton Night Watch Homeless Almshouse AssociatM)n Wood Street Mission Gal Om70nd Street Hospital Children's Charity Prison Advi and Care Trust (PACT) IMPAKT Housing & Support Communty Hub Happy Days Ministries UK Fareshare North East Fresh Futures (NCCI Birmingham Care Group Unity Schools Partnership Chariiable Fndation Vale Pantry Hygiene Bank, Twickenham Fareshare Midlands Norton Hall Childn and Family Centre Swansea MAD 5,500 15,000 6,190 500 1.600 5.059 5,500 15,000 6,190 500 1,600 5.059 6,000 10,000 6,000 10,000 10,000 3,906 6.000 12.000 5,000 5,198 3,537 5,000 5,000 4,633 10,000 5,000 3,000 6.000 10,000 3,000 10,000 3.000 10.000 3.906 6.000 12,000 5,000 5,198 3,537 5,000 s,000 4.633 10,000 5,000 3,000 67.047 77.076 144,123 Rehabilitation Treasures Foundation South West Community Chaprfaincy Limited 4,500 2.990 4,500 2,990 7,490 7.490 Rescue Air Ambulance Charity Kent Surrey Sussex Welsh AirAmbuiance Charitable Trust Midlands AirAmbulance Charity EastAnglian AirAmbulan 25,000 5.000 13,871 25.000 5,000 13,871 9,438 9.438 43.871 9,438 53,309 Theatre Pleasance Theatre Trust Alnwck Playhouse Ballet Lorent Lirnited 6.851 6,851 5,000 5,002 5,000 5,002 6.851 10,002 16,853 -22-
THE HOBSON CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Grant making {Contlnued) Paid 24125 Payable in future years Totsl Vetsrans Royal Air Forces Assouation Veterans into Logistics Open UnNersity 10.000 10.000 6,000 25,000 6.000 25.000 10,000 31,000 41.000 Youth National Society for The Prevention of Cruelty To Children Highlights Nene ParkTrust Green Light Trust ThinkFopNard (UK) Lifeskills Leaming for knving Parents & Friends of Wragby Primary Schod (PFWS) 8rentAdolescent Centre For Young People (BCYP) Pop Arts Happy Kids Young Gloucestershire Limited Belvoir Cricket and Countryside Trust Social Mobility Foundation Oxfordshire Youth Binyan Odom Young Lives Foundation Oarsome Chance Chorley Youth Zone Regenerate Pead Exchange CIO 8,558 1,600 8.570 8,558 1.600 8,570 3.497 5,250 3,073 7,400 13.000 4,059 4,185 11,000 20,000 7,000 2,000 3.497 5,250 3,073 7,400 13,000 4,059 4.185 11,000 20,000 7,000 2.000 5,000 4,510 4,000 1,254 2,000 4.510 4,000 1.254 2,000 47.045 69,895 116,940 Subtotal before reductions Prior year grant commitrnents cancelled 740.326 {86.6121 1.202.708 1.943,034 (86,612) 653.714 1.202,708 1,856,422 Grants made by Fund Income Education Research and heritage Wildlife 521,291 26.423 70.200 35.800 740.436 135,701 245,086 81.485 1.261,727 162.124 315,286 117,285 653.714 1,202,708 1,856,422 Please see note 22 for 2024 comparatives
THE HOBSON CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Anaty515 of accruals for grants payab Notes 2025 2026-27 Total Grants commited during the year Grants commited in prior periods 928.102 490.554 274,606 1.202,708 490,554 1,418.656 274.606 1,693,262 Analysis of accruals for grants payable- prior year 2024 202&26 Total Grants commited during the year Grants commited in prior perlods 694.423 326.836 288.430 982,853 326,836 13 1.021.259 288,430 1.309,689 Goveman¢e costs Governance 2025 2024 Basls of allocation Stsff costs Bank charges Other expenses 50,000 195 10.935 50,000 Govemance 208 Govemance 7,566 Govemance 195 10.935 Audr( fees Accounlancy 20.640 6,OIXI 20.640 19.716 Govemance 6.924 Govemance 87.770 87,770 84,414 Included within the above are amounts payable to audttor of £20.640 for audit fees (2024 - £19,716) and £6,000 fee for accountancy services (2024 - £5,724)- industve ofVAT. Trustees None of the trustees (or any persons connected viith them) received any remuneration or benefits from the charity during the year. -24-
THE HOBSON CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Ernployees Number of employees The average monthty number employees during the year was: 2025 Number 2024 Number Employment costs 2025 2024 Wages and salaries 50,000 50,000 No employe8s in the current and prior year received employment benefits of greater than £60k. 10 Rgvaluation of Investments 2025 2024 Revaluation of investments 443,796 3,105,444 -25-
THE HOBSON CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 11 Fixed asset investments Unlisted investments Cost or valuation At 31 March 2024 Unrealised {loss}Igain on revaluation Movement in liquid assets 42,163,189 443,796 {626) Al 31 March 2025 42,606,359 Carying amount At 31 March 2025 42,606,359 At 31 March 2024 42,163,189 2025 2024 Investments at fair value comprise: Historic cost Unrealised gains Liquid assets 36,000,000 6,605.675 36,000,000 6.162,221 968 42,606,359 42,163,189 Realised and unrealised gains and losses on listed investments are allocated to the Expendable Endowment Fund. 12 Debtors 2025 2024 Amounts falling du• within year. Other debtors 39,408 35.643 13 Creditors: amounts falling due wilhin one year 2025 2024 Notes Accruals for grdnts payable Accruals and deferred income 1.418,656 26.640 1,021,259 31,536 1.445.296 1.052,795 -26-
THE HOBSON CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Creditors: amounts falling due after more than one year 2025 2024 Accruals for grants payable 274,606 288,430 Finanual liabilities measured at arrK)rtised cost (x)mprise trade (xeditors. other creditors. general accruals and accruals for grants payable and arrK)unted lo £1.719.902 (2024: £1.341.225). 15 Sharo ¢apital 2025 2024 Ordlnary share Capital Issued and fully paid 5 Ordinaryshares of £1 each The ¢haritie5 ordinary shares. which carry no right to fixed income. each cary the right to one vote al general meetings of the Company. 16 Endowmènt funds lovement In funds Balance at 1 InmIng Resources Revaluations Balance at 31 Aprll 2024 resourc•$ oxpondod galns and March 2025 Expendable Endowment Fund 29,226,620 443.796 29,670,416 29.226,620 443,796 29,670,416 17 Unrestricted funds Movement in funds Balance at 1 Incoming Resourcgs Balan¢0 at 31 April 2024 Trsourcos expended March 202S Unrestricted Fund Education Fund Research and Heritage Fund Wildlife Fund 16,578,068 1.194.367 471.815 454.525 1.796,906 (1,518.7101 (162.124) (315,286) {117.285) 16.856,264 1,032,243 156,529 337.240 18,698.775 1.796.906 (2.113.405) 18,382,276 The designated funds refiect our corrwnitrnent to speafi¢ areas of importance. allowing us to make a meaningful impact in the realms of edu(alion, Search. heritage. and wildlife conseNalion. -27-
THE HOBSON CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Analysis of net assets belween funds Unrestricted Expendable Share capital Income Endowment Total Fund balances at 31 March 2025 are represented by= Investments Current assetsl{liabilities) Long term liabilities 12,935,943 5.720.939 (274,606) 29.670.416 42,606,359 5,720,944 (274,6061 18,382.276 29.670.416 48,052,697 19 Cash generated from operations 2025 2024 Surplus for the year 127,297 3.128.850 Adjuslments for. Inveslment income recognised in statement of financial acttvitses Fair value gains and losses on inveslments {1.796.906) (1.637,796) {443,796) {3,105,444) Movements in working capital: Movement in liquid assets (Increase) in debtors Increaselldecrease) in credttors 626 (3.7651 378,677 468,301 (3,1611 (56,462) Cash absorbed by operatlons (1,737,867} {1,205,712) 20 Related party transactions There were no disdosable related party transactions during the year (2024- £Nil). 21 Control The trustees consider there to be overall trollIng paty.
THE HOBSON CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Comparatives for Grant making year ended 31 March 2024 Paid 23124 Payable in future years Total Animals HarperAsprey Wildlife Rescue Our Special Friends People's Dispensary for Sick Animals (PDSA) Prickles and Paws Hedgehog Rescue RSPCA Bath And District 8ranch 5.000 5,000 5,000 2,240 15,000 10,000 5.000 2,240 15,000 10.000 5.000 32.240 37,240 Bereavement Compassionate Frfends Grief EnUnter Never Aone Project 4.000 4,000 9,000 7,110 9.O¢XI 7.110 9,000 11,110 20,110 Cathedral Gloucester Cathedral 10,000 10,000 -29-
THE HOBSON CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Comparatlves for Grant making year ermled 31 March 2024 (Continued) Paid 23124 Payable in ture years Total Community I Saints Church, Whitepari5h Azalea Beyond Detention Cardtff Methodist Cirwit Communty Solutions North West LTD Edge Ministries Emmanuel Churth Marlborough Grove Centre Church Holy Cross Church. North Bersted Holy Trinity. Hinckley Manchester Action on Street Health Plunkett Foundation Relate Worcestershire Saint Ambrose. Leyland, Lancashire Shefford Methodist Church St James Church. Leckhampstead St Michael le Belfrey with St Culhbert York St Nicholas, Fyfield wlth Tubney St Thomas. Slopsley, Luton Steep Tumpike Evangelical church. Maltr)ck 2.000 5,000 2.000 5,000 6,000 5,000 5,000 5,000 25,000 10.000 15,000 5,000 5,000 4,114 6,000 5,000 5.000 5,000 25,000 10,000 15.000 5.000 5.000 4.114 6.000 5.000 1,000 10.000 5,000 1,000 10,000 30,000 10,000 400 7,700 30,000 10,¢XIO 400 7,700 37,114 125,100 162,214 Disability Brainwave Centre Llmited Break British Disabled Angling Association Chiltems Neuro Centre (formerfy Chittem5 MS Centre Limtled) Dingley Family And Spectalist Early yea Centres Disability Challengers Dogs forAutism Families United NeOrk Happy Days Children's Charity Helen Arkell Dyslexia Centre Kef Kids Livability Meath Epilepsy Charity Multiple Sclerosis Tst Musde Help Foundation National Autistic Society Royal National Inslitute Of Blind People {RNIB) Share Community Limited Speaknng Up Speaking Out Stable Family Home Trust Step by Step London 2.000 1.558 1.925 10.000 4,036 2,000 1,558 1,92S 10,0110 4,036 9,900 6,000 8,237 6,000 6.000 1,200 15,231 5,295 5.750 5.000 15,042 10,700 6,630 9.900 6.000 8.237 6.000 1.200 15.231 5.295 5.750 5,000 15.042 10,700 6,630 1.600 11.250 11,250 3.229 3.229
THE HOBSON CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Comparatives for Grant making year ended 31 March 2024 (Continued) Paid 23124 Payable in future years Totsl Team Domeni¢a Thomley Hall Centre Limited Thomage Hall Independent Livi Turning the Red Lights Green UK Veterans Hearing Foundation United Response Whizz-kidz Wingate Special Children's Trust 7.344 10.000 50,000 5,000 3,298 5,000 5,000 21,059 10.000 50.000 5,000 5.000 21.059 104,714 138,570 243,284 Domestic Abuse East Surrey DomesticAbuse Services (ESDAS) 9,000 9.000 Educatlon Celtic Hamony 15,000 15,000 Eldwty Age UK Bexley Aylsham & Distrid ca Trust Friends of the Eld8dy Gwennie's Getaways Stokewon Trent and North Staffordshire Theatre Trust MIted (New Vic Theatre) Tower Hamlets Friends and NeighblS 6,000 6,000 1,200 10,000 1,020 1,200 10,000 1,020 2.500 3.598 2,500 3,598 11,200 13,118 24,318 Environmental Earth Trust Lawrence Weston Community Farm London Wildlife Tnjst 1,000 8,176 9,650 8.176 9.650 1.000 17.826 18,826 Family Abingdon Camusel Ahematives Trust East London Home-slart Walsall Our Kids First St. vinn$ Family Project 2,000 5.000 2,000 5,000 4,963 5.660 4,166 4.963 2.800 2.860 4.166 14.026 7,763 21,789 31
THE HOBSON CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Comparatives for Grant making year ended 31 March 2024 (Continued) Paid 23r24 Payable in future year5 Totsl Homelessness Crisis UK Emmaus North East King's Arms Project {Bedford) Lifeline {Harrogate) Ltd Off the Streets One YMCA Providence Row Second Chance Charity Winter Night Shelter Milton Keynes 14,860 6.000 3.000 3,250 5,000 25.000 14,8PJO 6,01)0 3,250 5,000 25,000 8,000 10,000 25,000 8.000 10.000 25,000 18,000 82,110 100.110 Hospice Alexander Devine Children's Cancer Trust Dadington and District Hospice Movement Hospiscare Lindsey Lcxjge Limitsd North Yorkshire Hospice Care Sl David's Foundation Hospi Care Sl Helena Hospice Limited St Joseph's Hospice Hackney St Michael's Hospice (incorporating Ihe Freda Pear FOUndatn> St Peterfs Hospice St Wilfrid's Hospi (Easlboume) Thames Hospice 3,145 9,795 3,145 9,795 5,630 8,000 25,000 2,876 7,831 13,410 5,630 8,O¢XI 25.000 2,876 7.831 13,410 5,230 5.000 5,230 5,000 5,000 10,000 10.000 48.647 52,270 100,917 Life- Lirniting Little Hearts Matter Ruddi's Retreat 2.562 2,562 5,784 5.784 5,784 2.562 8.346 Medical Buckinghamshire Healthcare NHS Trust Charitable Fund Chroniele Sunshine Fund Eric (Education And Resources For Improving Childhood Continence) Hearts Together 20.000 20,000 4,088 4.088 3.234 3,234 10,000 10.000 -32-
THE HOBSON CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Comparatives for Grant making year ermled 31 March 2024 {Contin(ted) Paid 23124 Payable in future years Totsl Leicester Hospitals Charity Maggie Keswck Jencks Cancer Caring Centres Trust Microphthalmia, Anophthalmia and Cdob)ma Supwt Oracle Cancer Trust Pancreatic Canr Action Richard Dimbleby Cancer Fund Royal Hospital for Neurwlisabilty 10.000 30,000 5,400 7.000 10,000 30,000 5,400 7,000 2,000 10,000 12,000 2.000 10,000 12,000 9.322 104.400 113,722 Mental Health Beat (Formerly Eating Disorders Associalion) Binningham Industrial Therapy AsscKaalicK) Limited Va Better Pathways Blyth Star Enterprises Limited Day One Trauma Support Epiphany Tnjst Ride High Limited Self Injury Support Ltd Slep One Charity Strength and Leaming Through Horses Wellspring Therapy & Training 17,280 17,280 6.iY)O 6,000 5,000 5,000 5,000 20,000 5,250 4,000 3,000 2,000 5,000 5,000 5,000 20.000 5,250 4.000 3.000 2,000 18,000 54.530 72.530 Musoum Dyson Perrins Museum Trust National Trust Royal Air Force Museum Salisbury and South Wiltshire Museum Trust Zurbaran Trust 6.647 40.000 6,647 40,000 10,000 10.935 10,000 10,000 10,935 10,000 10.000 67,582 77,582 Music Absolute Retum for Kids (ARK) English National Opera Ipswich Hospital Band Limited St Paul's Cathedral Foundation UK Music Masters Ltd (fonnerty London Music Masters) 1,530 13.000 1,530 13,000 2,963 25,000 2.963 25.000 5,000 14,530 32.g63 47,493 -33-
THE HOBSON CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Comparatives for Grant making year ended 31 March 2024 (Continued) Paid 23124 Payable in future years Total Poverty Bridging the Gap (Manchester) Broxtowe Community Projects Church Army in partnership with Portman House Trust City Gate Communty Projects City Gateway Limited Community Initialives South West Limited Cystic Fibrosis Trust Dementia Support Dentaid Limited Feeding Coventy Feeding Families Gateways Horsham Matters Limited Level Trust Mustard Tree New Beginnings Reading Nottingham and Notbnghamshire Refugee Forum Off The Fence Trust Limited Prison Advi and Care Trust (PACT) Shop and Donate St John's Winchester St Matthias, Brighton Thanet Communty Development Trust Their Voice Three13 Training and Enterprise Ltd University of Easl Anglia YMCA North Tyneside 3.000 6,000 3,000 6,000 19,202 950 5,000 20,000 10,000 1,000 5,000 5,000 5,000 10,000 5,000 8,000 10.000 3,000 2,388 19.202 950 5,000 20.000 10.000 1.000 5.000 5.000 5.000 10.000 5,000 8,000 10.000 5.IXJO 5.000 5,000 6,512 10,000 5,000 2,958 4,800 15,000 10,000 5,409 6,512 10,000 5,000 2,958 4,800 15,000 10.000 5.409 96.569 91,650 188,219 Rehabilitation Elizabeth Fry Charity Irene Taylor Trust Switchback Initialive 3.000 3,500 3,000 3,500 5.000 5.000 5.000 6.500 11,500 Rescue Dorset and SomersetAirAmbu1are CharÈty Great Westem AirAmbulance Charity London AirAmbulance Magpas Yorkshire AirAmbulance Ltd 5,524 16.500 25,000 6,000 5,524 16,500 25.000 6.000 8,000 8.000 8.000 53.024 61.024
THE HOBSON CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Comparatives for Grant maklng ended 31 March 2024 {Continuedl Paid 23124 Payable in future years Totsl Theatre CheThvell Theatre lQln Theatre Old Vic Theatre Trust 2000 Royal Court Liverpool Trust Limited 1.218 1.218 6,135 30,000 4,500 6.135 30,000 4,500 1,218 40,635 41,853 Veterans Royal British Legton Industries Ltd 12.000 12.000 Youth Avenues Youth Project Bamet Youth Zon Bendrigg Trust carne$ Community Fight for Peace Intematk>nal Garden Classroom GASP Motor Project Ltd Kidney Research UK Only Connect UK Open Trail Rock UK Adventure Centres Limited Shropshire Youth Support Trust South Downs National Park Trust Sparks of Success Tim Henman Foundation Young Gamers and Gamblers Education Tnjst 5,000 5.000 5,000 5,000 5,000 5,400 5,460 3,200 5,000 5,000 2,806 5,300 5,054 5,000 5,000 2,500 2,500 7,000 5.000 5,400 5.460 3,200 5,000 5,000 2,806 5,300 5,054 5.000 5,000 2,500 2,500 7.000 35.320 38.900 74,220 Subtotal before reductions Prior year grant commitinents cancelled 488.444 {100,606) 982,853 1,471,297 (100,606) 387.838 982.853 1,370,691 Grants made by Fund Income Education Research and heritage Wildlrfe 321.626 74.874 (8.662} 694,286 107,742 132.935 47.890 1,015,912 182,616 124.273 47,890 387.838 982,853 1,370,691