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 p￿pa￿d in a0￿rdan￿ 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 as￿l￿nS, trusts. societies or worations eslablished for charitable purposes
The truslees will consider applic*ions for grants whith are in ac￿rdanCe I￿1h 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 guIdar￿e on public benefit when rev￿wing 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 e￿eCted.
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 In￿rne 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 Ur￿liSed 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 p￿ViouS years underspent in)me during the transition from propety to equities as a
buffer to ensure that there are sufficient fvnds to don*e. 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 appI￿￿nS lor urgently needed equipment or other specific
items.
The charity is a paperless organiSat￿n. 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 y￿￿k 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 add￿ssed to relevant professional advif4)rs as requi￿d.
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 r￿uneratiOn was paid in the current and prior year.
Decis￿1nS 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 InfO￿natiOn 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 ac￿Unts 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 inf0m￿li0n 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 Otherjurisd￿lIons.
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 A￿pIed Acc￿Jntirwj 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 fij￿111ed
our other ethical responsibilthes in aC￿rdance 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 a￿OrdanCe with appIl￿ble 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 foll0v￿ng 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 V￿th 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 m*erial 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
I￿egularitieS 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 ￿0￿COmpliance 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 crt￿r induding
assessment of how and where the financial ststements may be s￿￿Ptib1e to fraud.
As a result of these proCedU￿s, 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 nor￿0Mpliances 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 ac￿rdanCe 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 Y￿rk 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 charl￿eS 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 Endo￿nent 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 a￿A>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 c￿ndItIOnS 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 be￿n 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 provI￿onS 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.
Ifftpairn￿it 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. Impalm￿nt 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 tran￿erred 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 ott￿r 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￿ de￿e(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 stateM￿ts 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 ca￿rS 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 milli￿nI
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 EVerg￿enS
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 child￿n'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
G￿al 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 F￿ndation
Vale Pantry
Hygiene Bank, Twickenham
Fareshare Midlands
Norton Hall Child￿n 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
In￿mIng 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 En￿Unter
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 Ne￿Ork
Happy Days Children's Charity
Helen Arkell Dyslexia Centre
Kef Kids
Livability
Meath Epilepsy Charity
Multiple Sclerosis T￿st
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 Neighb￿lS
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. vin￿n￿$ 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
FOUndat￿n>
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 Can￿r 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 SomersetAirAmbu1ar￿e 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