THE HISCOX FOUNDATION
Report of the Trustees and Financial Statements Year ended 5 April 2023
Registered Charity No 327635
THE HISCOX FOUNDATION
| Contents | Page |
|---|---|
| Report of the trustees | 2 - 6 |
| Statement of trustees’ responsibilities | 7 |
| Independent auditor’s report | 8-10 |
| Statement of financial activities | 11 |
| Balance sheet | 12 |
| Statement of cash flows | 13 |
| Notes to the accounts | 14-21 |
1
THE HISCOX FOUNDATION
Report of the trustees for the year ended 5 April 2023
The trustees present their report along with the audited financial statements of the charity for the year ended 5 April 2023. The trustees have adopted the provisions of the Statement of Recommended Practice “Accounting and Reporting by Charities” (“FRS 102 SORP”) in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and the FRS102 SORP.
Reference and administrative information
Charity registration number
327635
Trustees
The following trustees served throughout the year and up to the date of this report:-
Robert Childs (Chairman) (resigned 19 September 2023) Keeley Davies (appointed 11 July 2022) Vanessa Newbury (appointed 11 July 2022) Amanda Brown (resigned 29 June 2022) Craig Martindale Nick Orton Lee Turner Lucy Hensher Jonathan Bloomer (appointed 19 September 2023)
Registered office
22 Bishopsgate London, EC3N 4BQ
Auditor
PKF Littlejohn LLP 15 Westferry Circus Canary Wharf London, E14 4HD
Solicitors
Thomson Snell & Passmore Heathervale House 2-4 Vale Avenue Tunbridge Wells Kent, TN1 1DJ
Bankers
Lloyds TSB Bank plc 25 Gresham Street London, EC2V 7HN
2
THE HISCOX FOUNDATION
Report of the trustees for the year ended 5 April 2023 continued
Investment Managers
Canaccord Genuity Wealth Management 88 Wood Street London, EC2V 7QR
Structure, Governance and Management
Governing document
The Hiscox Foundation is governed by a Trust deed dated 5 November 1987 as varied by deed dated 18 February 1992 and is a registered charity with the Charity Commission, number 327635, operating from the registered office on page 2.
Organisation
The daily operations of the Hiscox Foundation are run by the Charity Coordinator and supervised by the trustees.
The trustees are empowered to invest the funds of the Foundation as they consider appropriate. The trustees meet quarterly to assess and approve grant applications.
Recruitment and appointment of trustees
A trustee is appointed to the Board of Trustees by an election held by serving members of the Board. As part of establishing Terms of Reference for the Foundation, the trustees have agreed that only current employees of Hiscox should serve as trustees and that any trustees who leave their role at Hiscox should resign as trustees of the Foundation within six months of their leaving date. The trustees who have served during the year are set out on page 2. The statutory power of appointing a new trustee is vested in the trustees of the charity. The number of trustees shall not be permitted to fall below three.
Trustee induction and training
On appointment all trustees go through an onboarding process, providing details on how the Foundation operates, what its purpose is and where the focus for charitable giving lies. The trustees apply an approach where the experienced trustees guide the new trustees in expectations of their role, in particular around grant making. Trustees have appropriate knowledge and training for their role, and the Foundation has experienced personnel in investment matters.
Risk management
The trustees have, within the last 12 months, assessed the risks that the charity faces and can confirm that systems are in place to minimise those risks. The trustees will re-consider the risks the charity is exposed to during the coming year.
Objectives and Activities
Grant making policy and review of operations
The objects of the charity are to support or promote such charitable purposes as the trustees may determine, by the making of grants.
3
THE HISCOX FOUNDATION
Report of the trustees for the year ended 5 April 2023 continued
Objectives and Activities (continued)
The trustees have continued the Foundation’s approach to charitable giving to focus grant making around three key pillars:
-
Social mobility and entrepreneurship
-
Protecting and preserving the environment
-
Causes Hiscox people are passionate about
This approach has continued to enable the trustees to make donations with a more meaningful impact within the chosen areas of focus. Details of the three pillars and the eligibility criteria are provided on the Hiscox Group website, where an online application process is available for charities to submit funding applications.
Through the third pillar the Foundation will continue to encourage staff to take part in charitable activities, often by matching sums raised, or by direct grants to organisations in which the staff have an interest or involvement. The trustees encourage involvement in charities local to the Hiscox offices as part of a continued focus on supporting local communities.
Achievements and Performance
The approved donations in the 2022/23 financial year were £1,024,464, distributed to 111 charities as per note 10. Trustees will continue to review the donations policy, taking into account global events, the size of the donation received from Hiscox Group and the Foundation’s investment portfolio.
The six largest donations were to the DEC Ukraine Humanitarian Appeal, DEC Pakistan Floods Appeal, The Country Trust, Redthread Youth, The Trussell Trust and East End Community Fund (EECF). These six account for 30% of the distributed amount. `
The level of donation received from Hiscox plc is normally dependent on Hiscox Group’s results for the year. The donation for the year was for £26,900 (2022: £456,000).
Financial Review
The incoming resources for the year were £334,243 (2022: £827,807), including a contribution of £26,900 (2022: £456,000) from the principal contributor, Hiscox plc, which will allow the Foundation to continue its work. £231,478 (2022: £241,411) of incoming resources came from dividend income, £74,647 (2022: £130,396) from staff time and audit fees donated by Hiscox Underwriting Group Services and the remainder from interest income.
Resources expended were £1,110,047 (2022: £1,016,611) representing a 9.2% increase over the prior year. Resources expended are made up of £1,024,464 distributed to charities, £63,487 for staff time, £25,348 for bank and investment manager fees, £11,160 for audit fees offset by £14,412 VAT.
The Foundation saw net losses on investments of £304,085 (2022: £220,648 gain). These represent mostly unrealised losses as markets continue to reflect the negative backdrop of high inflation, higher interest rates, recessionary fears and the heightened geopolitical environment. Overall, the Foundation’s funds have decreased by £1,079,889, a decrease of 11.1% (2022: 0.33% increase). Its fund balance carried forward at 5 April 2023 was £8,634,894 (2022: £9,714,783).
There are no restrictions on the Foundation’s power to invest. The investment strategy is decided by the trustees. The trustees have a broad objective to reduce the amount of investment risk being taken over the medium term.
4
THE HISCOX FOUNDATION
Report of the trustees for the year ended 5 April 2023 continued
Financial Review (continued)
The Foundation has continued to recognise the impact of significant global events with donations to DEC Ukraine Humanitarian Appeal and DEC Pakistan Floods Appeal to support those affected by the conflict in Ukraine and floods in Pakistan.
Reserves policy
The trustees continue to review the donating policy during the year and agreed to continue to donate an amount up to £1,000,000 in a normal year. This will be kept under review in future years.
This current policy is designed to ensure the Foundation is donating the vast majority of its income from the main benefactor, while retaining sufficient reserves to be able to function and continue to meet its commitments for a period of around three years without further external donations. This is in accordance with the wishes of the main benefactor and the desire of the trustees.
The reserves at the year-end were £8,634,894 (2022: £9,714,783), all of which were unrestricted. This will be reviewed in the next trustees’ meeting.
Future plans
Trustees will continue to maintain the Foundation’s approach to charitable giving around the three pillars listed above. This will be achieved through maintaining relevant information on the Hiscox Group website and relevant social media channels.
The Foundation’s investment portfolio continues to hold up well during uncertain times for global markets and investors, currently off c.1% for the current financial year.
Public benefit
During the 12 months the objects of the Foundation continued to support a range of charitable organisations, all of which operate for the benefit of the public.
The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities and setting the grant making policy for the year, and the trustees are confident that their activities are fully in line with public benefit requirements.
The Foundation carries out these objects by giving priority to any charitable endeavour by members of staff of the Hiscox group to encourage such activity. This ensures that the Foundation supports a wide range of charitable organisations. Most donations are to UK charities.
Auditor
PFK Littlejohn LLP have been reappointed as the independent auditor.
5
THE HISCOX FOUNDATION
Report of the trustees for the year ended 5 April 2023 continued
Disclosure of information to the auditor
The trustees who held office at the date of approval of this trustees’ report confirm that, so far as they are each aware, there is no relevant audit information of which the Foundation’s auditor is unaware and each trustee has taken all the steps they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the Foundation’s auditor is aware of that information
Approved by the trustees and signed on their behalf by:
Jonathan Bloomer Chairman 2 February 2024
6
THE HISCOX FOUNDATION
Statement of trustees’ responsibilities in respect of the trustees’ annual report and the financial statements
Under charity law, the trustees are responsible for preparing the Trustees’ Annual Report and the financial statements for each financial year which show a true and fair view of the state of affairs of the charity and of the excess of income over expenditure for that period.
In preparing these financial statements, generally accepted accounting practice entails that the trustees:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
state whether the recommendations of the Statement of Recommended Practice have been followed, subject to any material departures disclosed and explained in the financial statements;
-
state whether the financial statements comply with the trust deed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its activities.
The trustees are required to act in accordance with the trust deed of the charity, within the framework of trust law. They are responsible for keeping proper accounting records, sufficient to disclose at any time, with reasonable accuracy, the financial position of the charity at that time, and to enable the trustees to ensure that, where any statements of accounts are prepared by them under section 132(1) of the Charities Act 2011, those statements of accounts comply with the requirements of regulations under that provision. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.
7
Independent auditor’s report to the trustees of the Hiscox Foundation
Opinion
We have audited the financial statements of The Hiscox Foundation (the ‘charity’) for the year ended 5 April 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charity’s affairs as at 5 April 2023, and of its incoming resources and application of resources, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the Report of the Trustees, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the Report of the Trustees. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
8
Independent auditor’s report to the trustees of the Hiscox Foundation continued
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
-
the information given in the financial statements is inconsistent in any material respect with the Report of the Trustees; or
-
sufficient accounting records have not been kept; or
-
the financial statements are not in agreement with the accounting records; or
-
we have not received all the information and explanations we require for our audit.
Responsibilities of the Trustees
As explained more fully in the Statement of Trustees’ Responsibilities, the Trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
-
We obtained an understanding of the charity and the sector in which it operates to identify laws and regulations that could reasonably be expected to have a direct effect on the financial statements. We obtained our understanding in this regard through discussions with management, sector research and application of cumulative audit knowledge and experience.
-
We determined the principal laws and regulations relevant to the charity in this regard to be those arising from the Charities Act 2011, Financial Reporting Standard 102, and relevant employee legislation.
-
We designed our audit procedures to ensure the audit team considered whether there were any indications of non-compliance by the company with those laws and regulations. These procedures included, but were not limited to enquiries of management, review of minutes and review of legal and regulatory correspondence.
9
Independent auditor’s report to the trustees of the Hiscox Foundation continued
-
We also identified the risks of material misstatement of the financial statements due to fraud. We considered, in addition to the non-rebuttable presumption of a risk of fraud arising from management override of controls, that there was potential for management bias in the valuation of the investment. We addressed this through review of the external valuation report.
-
As in all of our audits, we addressed the risk of fraud arising from management override of controls by performing audit procedures which included, but were not limited to: reviewing accounting estimates for evidence of bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the Trustees, as a corporate body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s Trustees as a body, for our audit work, for this report, or for the opinions we have formed.
PKF Littlejohn LLP Statutory Auditor
15 Westferry Circus Canary Wharf London E14 4HD
Date: 2 February 2023
PKF Littlejohn LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006
10
THE HISCOX FOUNDATION
Statement of financial activities
| For the year ended 5 April 2023 Notes Income from : Donations and voluntary income 4 Investment income Total income Expenditure on : Charitable activities 5 Cost of generating funds Total expenditure Net gain/(loss) on investments 6 Net movement in funds Total funds brought forward at 6 April Total funds carried forward at 5 April |
2023 £ 101,547 232,696 334,243 (1,099,111) (10,936) (1,110,047) (304,085) (1,079,889) 9,714,783 8,634,894 |
2022 £ 586,396 241,411 827,807 (996,937) (19,674) (1,016,611) 220,648 31,844 9,682,939 9,714,783 |
|---|---|---|
The fund is an unrestricted income fund.
All income and expenditure derives from continuing activities.
The notes on pages 14 to 21 form part of these financial statements.
11
THE HISCOX FOUNDATION
Balance sheet
at 5 April 2023
| Notes Fixed assets Investments 6 Current assets Debtors 7 Cash at bank Creditors : amounts falling due within one year 8 Net current assets Net assets Charitable Funds Unrestricted funds |
2023 £ 7,653,738 38,060 980,614 1,018,674 (37,518) 981,156 8,634,894 8,634,894 8,634,894 |
2022 £ 8,818,452 456,000 497,713 953,713 (57,382) 896,331 9,714,783 9,714,783 9,714,783 |
|---|---|---|
The notes on pages 14 to 21 form part of these financial statements.
These financial statements were approved by the trustees on 2 February 2024 and signed on their behalf by
Jonathan Bloomer Chairman
12
THE HISCOX FOUNDATION
Statement of cash flows
| For the year ended 5 April 2023 Net (expense)/income for the year Investment income Loss/(gains) on investments (Loss) on disposal of investments Increase in debtors Increase/(decrease) in creditors Net cash flow from operating activities Cash flow from investing activities Investment income Receipts from sale of investments Net cash flow used in investing activities Change in cash and cash equivalents in the year Cash and cash equivalents at 6 April Cash and cash equivalents at 5 April |
2023 £ (1,079,889) (232,696) 286,285 17,800 417,940 (19,864) (610,424) 232,696 860,629 1,093,325 482,901 497,713 980,614 |
2022 £ 31,844 (241,411) (237,832) 17,184 2,479 (405,060) |
|---|---|---|
| (832,796) 241,411 *197,521 |
||
| 438,932 | ||
| (393,864) | ||
| 891,577 497,713 |
*Receipts from sale of investments was not listed separately in prior year but was included within 438,932
The notes on pages 14 to 21 form part of these financial statements
13
THE HISCOX FOUNDATION
Notes to the accounts
For the year ended 5 April 2023
1. Basis of Preparation and accounting
The Hiscox Foundation is a registered charity in the United Kingdom. The address of the registered office is given in the charity information on page 2 of these financial statements. The nature of the charity’s operations and principal activities are described on page 3.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. In assessing the going concern basis of preparation, the trustees have considered the commitments made against likely cash inflows having regard to the ongoing impact of the Coronavirus pandemic. The trustees are satisfied that there are sufficient resources available to meet liabilities for a period of at least 12 months from the date of approval of the financial statements
The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
2. Accounting policies
-
a) The accounts are prepared under historic cost convention as modified by the revaluation of investments. Units in authorised unit trusts are valued at the manager’s published bid price at the close of business on 5 April. Any gain or loss on revaluation is taken to the statement of financial activities.
-
b) Donations and voluntary income is included in the statement of financial activities when:
-
the charity becomes entitled to it;
-
it is probable that the charity will receive it; and
-
the value can be reliably measured.
-
c) Investment income is accounted for in the period in which the charity is entitled to receipt.
-
d) Grants payable are accounted for as soon as committed.
-
e) The estimated value of the time of staff employed by the principal contributor is accounted for as donated services, as is the value of costs paid for by the principal contributor on behalf of the Foundation. An equal amount is accounted for as a cost within support costs as appropriate.
3. Taxation
The Hiscox Foundation is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable trust for UK income tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Part 10 Income Tax Act 2007 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
14
THE HISCOX FOUNDATION
Notes to the accounts continued
For the year ended 5 April 2023
4. Voluntary income
| Donations received Donated services |
2023 £ 26,900 74,647 101,547 |
2022 £ 456,000 130,396 |
|---|---|---|
| 586,396 |
Donated services reflect the approximate costs of services provided free to the charity. The cost of employees’ services is £63,487 per annum (2022: £119,596) and audit fees of £11,160 (2022: £10,800) are both provided by Hiscox Underwriting Group Services Limited (HUGS.)
The cost of employee services and audit fee are included in support costs and governance costs respectively.
5. Charitable activities
| Grants to institutions made during the year Support costs allocated Governance costs |
2023 £ 1,024,464 63,487 11,160 1,099,111 |
2022 £ 866,541 119,596 10,800 |
|---|---|---|
| 996,937 |
Note 10 lists all the grants made during the year.
The services of the trustees are supplied by HUGS. No charge is made for their services, nor are the trustees reimbursed by the charity for any costs they may incur. There are no other staff costs. Governance costs relates to audit services.
The cost of employees’ services is estimated as follows:
| Wages and salaries Employer’s National Insurance Pension costs |
2023 £ 52,746 6,608 4,133 63,487 |
2022 £ 99,343 12,331 7,922 |
|---|---|---|
| 119,596 |
15
THE HISCOX FOUNDATION
Notes to the accounts continued
| Notes to the accountscontinued | ||||
|---|---|---|---|---|
| For the year ended 5 April 2023 6 Investments Market value, including accrued income, at 5 April Less: Accrued Income from previous year Less: Disposal Add: Net (loss)/gain on disposal Add: Net gain/(losses) on revaluation at 5 April Market value at 5 April Bonds Unit trusts 7. Debtors Accrual due from HUGS - funding Amounts due from HUGS – reimbursement of costs 8. Creditors : grants payable within one year Accrual in relation to grants for the year Accrual in relation to Investment Managers Fees 9. Related parties |
2023 £ 8,818,452 - (860,629) (17,800) (286,285) 7,653,738 2023 £ 455,840 7,197,898 7,653,738 2023 £ 26,900 11,160 38,060 2023 £ 36,001 1,517 37,518 |
2022 £ 8,797,804 (2,479) (197,521) (17,184) 237,832 |
||
| 8,818,452 | ||||
| 2022 £ 512,820 8,305,632 |
||||
| 8,818,452 | ||||
| 2022 £ 456,000 - |
||||
| 456,000 | ||||
| 2022 £ 55,598 1,784 57,382 |
No transactions with any related parties during the year.
16
THE HISCOX FOUNDATION
Notes to the accounts continued
For the year ended 5 April 2023
10. Grants to institutions made during the year
| 2023 |
2022 | |
|---|---|---|
| Able Kidz | 5,000 |
- |
| Action for Pulmonary Fibrosis | 1,000 |
- |
| Against Breast Cancer | 355 |
- |
| Age Well East | 5,000 |
- |
| Alzheimer's Society | 1,000 |
- |
| Andover Foodbank | - |
2,000 |
| Andrew Simpson Sailing Foundation (Portsmouth) | 5,000 |
- |
| Anthony Nolan | 2,500 |
- |
| Art For Guernsey | - |
25,000 |
| AVP Britain | - |
1,000 |
| Barking & Dagenham Youth Zone | 4,000 |
- |
| Barnes Community Association | 500 |
- |
| Battersea Summer Scheme | - |
2,000 |
| Basics Essex Accident Rescue Service (BEARS) | - |
500 |
| Bees for Development (The Troy Trust) | 10,000 |
30,000 |
| Blakesley PCC (St Mary Church) | 5,000 |
- |
| Bowel Cancer UK | 2,500 |
- |
| Bowelbabe Fund for Cancer Research UK | 12,000 |
- |
| Brain Tumour Research | 500 |
1,000 |
| British Asian Trust | - |
1,000 |
| British Gymnastics | - |
1,000 |
| British Heart Foundation | 3,500 |
- |
| Broadlands Group Riding for the Disabled | - |
6,000 |
| Building For The Future Plus | 10,000 |
- |
| Butterfly Conservation | 37,000 |
- |
| Cancer Research UK | 1,170 |
1,318 |
| Cancer Support Yorkshire | - |
1,000 |
| Career Ready | 34,463 |
31,330 |
| Celtic FC Foundation | 950 |
- |
| Centrepoint | 1,000 |
- |
| Chalkdown RDA | - |
500 |
| Charlie Watkins Foundation | - |
250 |
| Clapton Common Boys Club | - |
5,000 |
| Colchester & Ipswich Hospital Charities | 5,593 |
- |
| Colchester Children's Charity - SNAP | 3,000 |
- |
| Colchester Engagement & Next Steps | 617 |
- |
| Colchester Foodbank | 784 |
- |
| Comisión Unidos Vs. Trata (CUVT) | 3,545 |
- |
| Community 360 | 3,000 |
- |
| CPRE | - |
2,000 |
17
THE HISCOX FOUNDATION
Notes to the accounts continued
For the year ended 5 April 2023
10. Grants to institutions made during the year continued
| 2023 | 2022 | |
|---|---|---|
| Crohn's and Colitis UK | 500 | - |
| Cardiac Risk in the Young (CRY) | - | 1,000 |
| Different Strokes | 10,476 | - |
| Disasters Emergency Committee - Pakistan Floods Appeal | 50,000 | - |
| Disasters Emergency Committee - Ukraine Humanitarian | ||
| Appeal | 50,720 | 100,000 |
| Downs Syndrome Association | 3,000 | - |
| Dress for Success | 33,000 | 30,000 |
| Earl Mount Batten Hospice | 500 | - |
| East Anglia's Children's Hospices | 1,700 | - |
| East End Community Fund (EECF) | 44,000 | 40,000 |
| EcoActive | 17,500 | 15,000 |
| Endometriosis UK | 500 | - |
| Enham Trust | - | 2,000 |
| Essex Wildlife Trust | 15,000 | - |
| Families InFocus | 7,500 | - |
| Fine Cell Work | 5,000 | 5,000 |
| Forever Finley | 1,700 | - |
| Future Frontiers | 13,400 | - |
| German Red Cross | - | 100,000 |
| Growing Resilience in Teens | - | 2,000 |
| Guide Dogs | 1,000 | - |
| Happy Space UK | 190 | - |
| Havens Hospice | 1,000 | - |
| Haworth RDA | - | 3,952 |
| Heropreneurs | 10,000 | - |
| Historic Royal Palaces (Superbloom) | - | 20,000 |
| Hope 4 Children | 932 | - |
| Hope For Hasti | - | 500 |
| Hospital Rooms | 25,000 | - |
| ICAN | 25,000 | - |
| IDAS | - | 4,734 |
| Inclusability | 2,000 | - |
| Insurance Orchestral Society | - | 500 |
| Insurance United Against Dementia | - | 1,000 |
| It's Never You | 2,500 | - |
| IUAD | 5,000 | - |
| Just Kidding | 7,970 | - |
| Just4Children | - | 1,500 |
18
THE HISCOX FOUNDATION
Notes to the accounts continued
For the year ended 5 April 2023
| 10. Grants to institutions made during the yearcontinued | ||
|---|---|---|
| 2023 | 2022 | |
| Juvenile Diabetes Research Fund | 2,500 | - |
| KEEN London | - | 500 |
| Key4Life | - | 10,000 |
| Kids Cancer Charity | 500 | - |
| Kids Inspire | 10,000 | - |
| Launch It Trust | - | 5,000 |
| Leeds Hospital Charity | 10,000 | - |
| Lennox Children's Cancer Fund | 1,700 | - |
| Lloyd's Charities Trust | - | 250 |
| London Youth | - | 5,000 |
| Lullaby Trust | 1,358 | - |
| MacMillan Cancer Support | 500 | - |
| Maggie's | 500 | - |
| Magic Breakfast | 10,000 | - |
| Marie Curie | 1,230 | - |
| Mercy Ships | - | 1,000 |
| Mid Tendring Education Partnership | 10,000 | - |
| MIND | 1,000 | - |
| Mind Manchester | 500 | - |
| MisGav | - | 1,500 |
| MNDA | 460 | - |
| Movember | 2,430 | - |
| MS Society UK | 500 | - |
| MS Trust | - | 500 |
| Mustard Tree Society | 5,000 | - |
| MyBnk | 35,000 | 35,000 |
| Next Step Foundation | 15,000 | - |
| Northdale Horticulture | 8,000 | - |
| NSPCC | - | 3,263 |
| Ocean Generation | - | 31,700 |
| Pancreatic Cancer UK | 1,000 | - |
| Providence Row | - | 2,000 |
| PSDS | - | 6,000 |
| Queenscourt Hospice | - | 500 |
| R21 | 8,500 | - |
| Redthread Youth | 55,000 | 50,000 |
| Refreshing Minds | - | 1,000 |
| Refugee Action Kingston | 1,000 | - |
| Roche Court Educational Trust | 15,000 | - |
| Royal Free Charity (Neuroendocrine Unit) | - | 355 |
19
THE HISCOX FOUNDATION
Notes to the accounts continued
For the year ended 5 April 2023
10. Grants to institutions made during the year continued
| 2023 | 2022 | |
|---|---|---|
| Safe & Sound Homes | 1,479 | 937 |
| Samaritans | - | 1,000 |
| Save the Children | 2,500 | - |
| School-Home Support | - | 5,000 |
| Science Museum Group | - | 2,000 |
| Sense | - | 1,000 |
| Shine 21 | - | 5,000 |
| Shout 85258 | - | 1,000 |
| Singapore Red Cross | - | 1,001 |
| Smart Works | - | 1,000 |
| Social Ark | 33,000 | 30,000 |
| SocietyLinks Tower Hamlets | - | 15,896 |
| SPEAR | 7,070 | 18,453 |
| Spitalfields Crypt Trust | - | 2,000 |
| St Gemma's Hospice | 5,100 | 1,000 |
| St George's Crypt | - | 5,000 |
| St Helena's Hospice | - | 2,876 |
| St Mathias Community Centre | 2,000 | - |
| StreetDoctors | - | 45,000 |
| Suited & Booted | 30,000 | - |
| Tall Ships Youth Trust | - | 3,000 |
| Teen Action | 5,098 | - |
| The Brett Foundation | 5,000 | - |
| The Countess of Brecknock Hospice Trust | 6,000 | - |
| The Country Trust | 60,000 | 60,000 |
| The Institute of Cancer Research | 7,904 | 7,500 |
| The Insurance Museum | 10,000 | - |
| The Literacy Pirates | 10,000 | - |
| The London Wildlife Trust | 19,070 | 27,453 |
| The Manna Society | 4,070 | 12,453 |
| The Mizen Foundation | 580 | - |
| The Myton Hospices | 2,500 | - |
| The Photography Foundation | 1,000 | - |
| The Salvation Army (Ukraine Appeal) | 500 | - |
| The Stroke Association | - | 1,000 |
| The Tom Bowdidge Youth Cancer Foundation | 2,000 | - |
| The Trussell Trust | 50,000 | - |
| Transitions UK | 4,400 | - |
| Trees For Cities | 10,000 | - |
| Tuberous Sclerosis Association | - | 3,320 |
20
THE HISCOX FOUNDATION
Notes to the accounts continued
For the year ended 5 April 2023
| 10. Grants to institutions made during the yearcontinued WaterAid Whale and Dolphin Conservation Whizz Kidz WildTeam Woodmandsey Village Hall Woodmansey Primary School World Literacy Foundation (UK) YAWN Yorkshire Adoption Agency Yorkshire Wildlife Trust Young & Inspired |
2023 2022 1,810 - - 2,000 5,000 10,000 9,600 - - 3,000 6,000 - 6,040 - 6,000 4,000 - 3,000 15,000 - 5,000 - 1,024,464 866,541 |
|---|---|
21