2024-04-05-accounts

CHARrrY NUMBER: 527204 GEORGE HUDSON'S CHARITY UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

GEORGE HUDSON'S CHARITY INDEX YEAR ENDED 5 APRIL 2024 CHARITY NUMBER: 527204 Contm Pag L•gal andAdrninistration Detsllg Truste8s' Rep)rt Report of ts IndeporKlont Ex8rnlnor Stat8mBnt ol Finan￿21ACt￿I18S Balanc8 Sheet Notes to the Flnanclal Staterr*nts B-16

GEORGE HUDSON'S CHARITY LEGAL AND ADMINISTRATION DEfAILS YEAR ENDED 5 APRIL 2024 CHARrrY NUMBER: $27204 Thi¥ts Mr. P. W. Taylor Ichairmanl Mr. G. L. Spencgr Mrs. D. McKenzig Mr. G. E. Brown Mr. P. R. Wood Mrs. G. WaA(èr Mr. M. Dlxon S•¢r•t•ry MT. G. Johnston Addr•80 47 John StrBBI Sund•rland SR1 1QU B•nkorn Barelays Bank Pk 53 Faw¢ett Slml SLrnderland SR1 1RS Ind•p•ndont Ex4mlnv Torgersens East Suite, Ground Fk)or Avakjn House Sl Catherlne's Court Sunderfand SR5 3XJ Solkltorn IJkKenz￿ Bell Llmited 47 John Street Sunderland SR1 1QU Inve81￿ M•nag•r8 Brewin Dolphln Time Central Gallwate Nelbrastb upon Tyne NE14SR

GEORGE HUDSON'S CHARITY TRUSTEES, REPORT YEAR ENDED 5 APRIL 2024 CHARITY NUMBER: 527204 The trustees present this reput together wlth the flnan¢ial stat8ments of the Chanty forthe year endèd 5 April 2024. The ffinancial statèments have been PTepar8d in aCL0rdan￿ wth Ihe a￿OUntIng policies sat out on pag8s 9 to 118nd comply wllh the current slalulcry requlrements. the requirements of the charity's goveming diKuThEnt and the current statsmentofReo)mm?nded Pr&tk. Structum. Gov•rnine• and ffjlan•g•m•nt 1.1 The Charlty known as George Hudson's Charfty wa$ foundeil by a Sth￿rne made by the Char6ty Commissionars under the ChaTitabk Trusts Acts 1853 to 1887 on 5 August 1890 - regist8 Charity numb8r $27204 as varied by Scherrw made by the Minlsl•r of Education on 20 Novemb 1947 and 12 October 1960 arvj am8nd8d by a Schwne dated 24 J8nuary 1991. 1.2 The Charity 18 an endowed charity. and all ￿minIStratIve charges are discharged out of ino)m&', $ubiect IheTeto au the inrome 15 applied lo the objects of th8 Ch￿. 1.3 The trLk8lees we appointed by resOlut￿n of the ex5tr.ng trustths and are 81 pffjsent 7 in ThJmt•r. The Ma￿MuM number 15 eight 1.4 M¢etlng8 of the Trustees are held srx times a year gt whl¢h all do¢1$itin8 regar(fing payments of benefits are made and reports from the invosfrnent Managers are reviawed. 1.5 The Ch8rity eryloyB a part-time admlnlstrat0rw￿ deals wtth the payment8 to ￿ne￿lari•S. All otheT adrTWlli5tralive matters are doatt whh by the Secretary. Mr G. Johnston who v& a sollcltor at 14kKenzle Bel Limried, SoThcitors, Sunderf8nd. 1.8 The Chaiity owns the fre•hold premises 54 John Stree( Sunderland. 1.7 The admlnlstrator is akn employ￿1 part time by The Sunderland orPh￿89e and Edut4tional F¢Jundatron lttw Foundatlonl and the Secretary Is also Seeretsry ol tho Foundation. The cbcls of the FountJalion are to benefit petsons of eith8r sex under the age of 25 yearn who are resident In the fomer County Borcugh of Sundorland aNI th? n9￿hbOUrhoOd whosè Pgronls or ong of whoga pa￿￿18 are dead, disabled. separatad or (Ivor¢ed and who ar8 in ne￿1 ol financlal objecti￿ •hd A¢tlvltl•8 21 objects of the Charity are the ed￿at1}n, rr4jnl￿0nCO, 8UPPDrt and rjothing of boys aTrJ 91rfs lather is dead or incapacttd first preference, other things being equal, for such of them as are children of sailors or pibls bek)ngiw to tha Port of Sundèrfènd and a second pr¥forence. other things be￿g equal, for such of them as were t<Jrn and aro rnsidenl in the Andent Township of Monkwoarnwjulh. 2.2 The charity aim$ to meat fts oblects through the paym8nt of monthty allowatKe8 and p￿￿191￿ of clothlr¥J vouch8rn to those chSldren and young people vtho (wolty as hrefid8ries under Ihe tem definad in the sad object 2.3 The tharity seeks lo raise the furth to meet rts Ob￿¢￿ through investments In listsd company sharts and UK gilts. Publlc B•rftt Stat•m•nt 3.1 Tho trust￿ hwe had regard to the Charity's conwris￿On gutyJ8n¢e on the legal duty on public benefft, and are 8athfied that the Charty delN•rs pu￿¢ beneflL and dub repard 15 paid lo the guidarKe on public bonefft w￿n deck11ng on what new projects the ¢harity should undwtake.

GEORGE HUDSON'S CHARITY TRUSTEES, REPORT YEAR ENDED 5 APRIL 2024 CHARITY NUMBER: 627%14 A¢hlov•m•nt8 nd P•rforrnon 4.1 As at 5 April 2024 there were 27 children r•cewing alkYwanLXS all ¢hlldren eluible iv receive atlowances durirvJ the year recervèy Iheiralh)w8nce8. 5. FlnAnclal Rwlow 5.1 The tNstees' poliw in relation to r•5erv•s is to ￿8￿{¢ that In the event ol a slJn(fic8nt reductlon In Incung bustee5 ¢JJuld at least maintain the regular payments to those beneficvaries who hav8 ¢oTh to rely on theThL 5.2 By a ￿$olUtI)n daled 26th Juty 2D23 the tNstee$ bormY+d the sum of £10,OfyJ from permanent endowed capital fundstofuno repairswithin the basement of54 John Street Sund•rtand SR11QH. 5.3 A lease of the upper floor¥ of 54 John Slrè&t was granted for a of flve years commencing on 141 March 2024. The tNst8es 8rrtFdpate that thr6 will incTrase income of the charity during the term oFth• 180se. 5.4 The Iree re5wvgs olthe charity exduding Investrnts are currenlty £376. 5.5 The cath fijnds of the ¢h•rty at S April 2024 have increased by £17,441. 5.6 Totsl payments to b&n•fiiaaiies have de¢rgased by £3,￿8 over the prgvhxs year. 5.7 The income of the charity has In￿88$8￿ duriry the year by £16.619. 6. St•temenl ol TnMteeB' R•spon•lbllltles 6.1 ThÈ Trustees arè r8qulred to prepare accounts ftlr each financial yaar whl¢h gfve a true and falr view of state of affairs of the Charity and of the Statement of FinancHI Activiti¥s of th• Charity for that porpJd. In preparing those accounts the Trust¢trs are r•¢wired to: select $utsbk8 accounting pollckn and then oppty them o)n8i8tenty.' mak• judgements and estimates that are rgas¢￿¥b￿ and prudent,. fc4low the rgc4mmndation ofthe CharKy COmmi￿￿n ofthe accounJng profe88k)nw6th reg8rd to fomi and corknit of the financial sterrenls and to di￿1(￿ and ex￿aIn any dgpartures refr0￿ and epar8 ￿nIS on the going con¢grn tJasL8 unlè88 it io Inapprowlate to presumathal the Charfty will ￿￿tInue to 4)erate. The Trustees are responsible fcr keeping proper records whlch disdose reasonable acturacy at any Ime the finan￿al posilion of the Charty. They ar8 also respc￿￿b[è ftsr safeguarding the assets of the Charity hene¢ fot takSng fB8BonalAe Steps trthe preventbn and the detectKin of fraud and other irregularibes. 8.2 Insofar as th• tru8tees arg aware.. thgre15 M reknnl infrym8lknn ofwhkh th8 chanty's inl1wnd8ntfjxaw￿n￿r$a1Q unaware: and thè trustees have tsken all Steps that they ought to havo taken to make thomsafvas aware of any relevant Informabtin and to establlsh the indèpendent axaminers are awar¢ of tst Infr)nnatlDn. In¥•th•nt Pollcy and Perft*mianc•s 7.1 The TTuslee8' investm￿¢ objective is to malnlain •nd enhance the valua of Iha fixgd assets over thg long term In order to rn81nt8ln and if Fossible, Increase the Ino)me availabl8 for th& purposes ofthtr Charity.

GEORGE HUDSON'S CHARITY TRUSTEES, REPORT YEAR ENDED 5 APRIL 2024 CHARITY NUMBER: 527204 Rt•* AsB•s•m•nt 8.1 The Ttuste68 hs¥8 considered any risks to which the Chanty might be 8xFwd and are satisffed that the admirbi¥tralNe, Inveslment and financial prcrt8dweswh￿h are In place mlnlmise the risk of any loss lo the Charity. proved by the Trustees on and signed on their bghaw by-. Chai￿an TN8tee

GEORGE HUDSON'S CHARITY REPORT OF THE INDEPENDENT EXAMINER'S TO THE TRUSTEES OF GEORGE HUDSON'S CHARITY YEAR ENDED 6 APRIL 2024 I rerort on the finan￿￿ 8tatem&n18 of th& Ch•ity for thé ￿¥[ ended 5 April 2024 whth ar8 set out on pagtrs 7 to 16. R•p•¢llv• rgsponslblllty d Iru•tg•s and •x•mlnor The Charws Trustees are respDnsibl8 for the pr•paratlon of the financial statements. The Charity's Truste85 con$ldef Ihal an audit 15 not wuired for the yew under Sectron 144121 of the CharitSes Act 2011 Cthe 2011 A¢f} and that an Inde￿nd￿ntexamlnal10n Is n88dad. Having Salsfied myself that the charlty L8 not subjxt to audll under Com￿nY law and Is ellglble for independent exanmnation it is my rgsponsblllty to.. exanlne the accounts under Sqcllon 145 of the 2011 kt to follow th? pro¢edur•s lald &)wn in the General Direction$ given ty thg Charfty CommlssltMers (under Section 145I5Mbl ol tho 2011 ￿1.. and to State whether particular matters have com8 to nry attenlipn. Ba•h ol Indep•Jxlpnt 9xamln0￿$ rnport axamlnalion was carried out In accorda￿ with the General Directions 9wen by the Charity Commi8won. An ¢xamln8lion includes a review of the accountlrg records kept ty the chartty and ccfflparlson of thè unaudit8d financi41 $latements p￿ented wllh th¢)se ￿cords. It also SncJude8 ¢(￿Side￿I￿n of any unusual items or disdosures In the unauditeil financial statements and seeking explanalh)n8 from you as I￿￿tePS conc8ming any such matters. The Procedur￿ undertaken do not provide all thè evid8nce that would be requKed In an 8udi( and ¢>)nsequenlly no opinion L¥ given as lo vknether the Unaudi￿ financiql statements present a 'tru8 aThJ falr vl8w". and the re￿rt i% lknlt8d to those matters ¥et out in the statement below. Independent •Mmln•rf• tat•m•nt In ¢onnedon wrth my examknallon. no matter has o)n to my attenlton.. whh give8 me reayonable cause to bel￿8 1tr4t in any mal•rK41 rospBc th• r•quirements,' to keep acc£Junling rKord$ In accorthnce wlth seC￿n 130 of the 2011 and to prepare ffinan¢wl ststements vthtch accord wrth the ￿CoUn11n9 records, compty with Ihe accountrng requirements of the Charitiès Act have not been mel: or iowhth. in my oplnlon. attention Shou￿ be ¢*awn in OT(lerto enab￿ a prow underS￿ding of the financkg18tstunents to be reached. Mrs Ajlwn Henshaw FCCA Towens Chartered kcountants East &ile, Grourmy Floor Avalon Houso st Cathertne's Court Sundedand SR5 3XJ Date.. 8 o/c>l Izs

GEORGE HUDSON'S CHARITY STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 5 APRIL 2024 UnY¥8¢rictvd Rutricled Endowm•nt Incom• In¢om• C•pltal FurMI Fund Fund Total Funds 2024 Total Funds 2023 Nots• Incom• D￿at￿n5 and Lègacras other Inc>Jrne Investment Incomg 12,729 8,500 21,229 8.918 3.0 15.826 16.132 16,132 Totsl Incomo and Endowmvnts 35,861 44,361 27,742 Expendur• On Chrlt•ble Activit1•• N•t Lo8888lGaln8 011 InvgitJnont• 26,486 6,633 3,536 38,855 58,935 126,9241 128,924 33.714 G•ln• on R•valuation of Frn?hold Property Not In¢om•lExp•ndltur• 9,375 1,867 23.388 34.830 (64,gJ7) Tron6tsr8 Funds Net Movetrnts In FundB 9.375 1,867 23,388 34.630 164.9071 Total Funds at 6 Aprfl 2023 18,9991 6,164 028,155 625,320 690,227 Total Fund5 at 5 April 2024 All opèrntionl ar• elw•d ￿ ¢¢)ntinuing. Thg notes pages Ul to 16 for pt of Ih•sa finarKlal statemnts

GEORGE HUDSON'S CHARITY BALANCE SHEET AS AT S APRIL 2024 Unrg•trlol•d R••tri£ted Endowm•nt Incomo Income Capltal Fund Fund Fund 2024 2024 2024 2023 Flxad A868ts Property Inve5tmonl Pmwrty Investments 40,537 40,S37 40,717 112,51￿ 112,50) 112,500 487,936 487.9% 455,018 10 840,973 640,973 608,235 Current Debtors Balances at 8at* 12 629 9,941 20.154 8,132 7.801 8,031 25.573 7,801 8,031 10.570 26,202 28.286 Creditors: AfnLXmt FalliThJ due within one year 13 {7,225} (7,225) (11,2011 Not CurrnntA•8•ts 376 Fund8 14 Authurised & by tho Trustees on Trusteo Th• no18$ on pag8s 9 10 16 for part ol thes0 fIna￿k￿l statsmants

GEORGE HUDSON'S CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 5 APRIL 2024 Accountlng Pollcl Basts of Prnpar•tlon These unaudf(ed financral 5tateThntshav8been prepar&J underihe hi8lcitalcostconventlon as by the Inclusion of rnvestm8nts at market value, and In xeccle. Investm8ntgalns and k)5se5 wKludes any galn orloss on the sal8 of investments and any gain or bss resulting from revaluing inv8stm8nts to m8rkotv8lue at the end (rfthe year. Expendliurn and Ilamities AJI 8xpondllure, olher than that whlch hos been capitalBed Is Induded in the Stalement of Financial ActivI￿e$. The valuof purchase invoices received bèfore thè year￿d but not paid until after the year er#4 has 81$0 been included In the Statement of Financial Athvrtres. Grants payable tr) beneficiari?s are included in the Statonnt of Finwcial ActiwtieSw￿n th8 charitys obli9ation has been e8tabllshed. The valu8 of Éuth grants that are unpaid al the year end is aGCn￿l. Lk7blllties are rec&Jnl8ed 88 as the￿ Is • lJal or ¢orAtrIth obligalion commilbng the charity to pay ¢xrt rpwurces. Flxed ass•t Inv8Btments Investm8nts arè 8 fomi of bas￿ financial inslrumonl and are initialty recoanised at their transaction value and Subs￿U¢D￿Y ￿a8U[0d at Ihelr fr value as at thè bnct $h•at dat using the ¢losing quoted mathel pri The charity does nol acqulre pul cptknns. derfv•lNe8 c¢ other complex ffinon¢k*l Instruments. All g8in8 and1098es are takento the Statemenlof Flnan¢k31 AclNitie5 as they arise. Realised gains and Ifxses¢)n investmerrts raI￿lated 85 the drfference befr￿en sales pmc•8ds an¢J thwr ¢penlng carrying value OT thelr purchase vafue il acquired subsequ￿1 to thè first day of the financlal year. Unre81ised gains and losses are ¢akulated a5 the drfferenrE behveen the fair value at the year end and Ih8lr carrying valug. Real￿ed and unreali5ed irwe5l￿￿nt gains aThJ losses ar8 0)mbin¢d in the Stat8m8nt of Firr4nc&l A(aNtti88.

GEORGE HUDSON'S CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 5 APRIL 2024 Accountltwj P¢ll¢lts (contlnu T•TrglbJ• fix•d TaThJible assets are inrtially re¢orded at cost. and subsequent￿ staled at L¥)sl les8 any attumulat•d depreciation and impairffEnt losses. Any lan9lblg assets c8rrigd at anxryunls are recorded at tho tsir value at the date of revaluakn'on les8 any subsequent acLumulated deprecialkm and subsequent a￿uMuL￿d Impalmient 109$95. An Increase in the carying amount ol an asset as a result of a revaluabon, is reccgnised in other comprehensive Income and acC￿MUlated In equity. except to the extent it reverses a rovalualion decrease of the samo asset prwiously re￿niSed in profft or lo$$. A decrease In the carrying amount of an asset as a result of revaluatv)n, is recogni88d in other ccffip￿￿ens1v8 income lo the extent of any previously TBcogni5ed Tevaluatrn ncrea8è a¢cumulated in 8quity in respect of that asset. Ihfrere a revaluation decrease exc8eds the accvmulated revauation gains accumulated in equty in respectof Ih8t8sBet. the exce55 shall be reGognised N) wofil or b5$. D•pr•¢latlon DeP￿lati¢fi is Calculated to write off the Cost or valuatitin. less estimated resldual valup, of tangible fixed assets lexdudlng freehold landl overlheirestimated usefvl live5 lothe business. The annual rate5 and rrElhods are as knlJowB". Improvements ts) propety- 5% straight line Impalmi¢nt At each reporting dale. goo￿11 and t)ther fixed assets, including tangible fixed 8S8ets and i)vestments bsjt excluding investment prowtie$. are assessed tg d8termine whether Ihere is an indiration that the cgrrying aft￿Unt C¢f an asset may te more than ils recoverable amount d that the a88el should be impair&J. If there is an indtcalkn of possible impaimn( Ihe ov•rabl8 amunt ol an 88s81, which is the hlgher of Its value In u8e and nel realjsablo valu8, is o$1imated and compared with its caryiThJ amunt. 11 the recoverable arrKsunt is lower. the Ca￿lThg amount of the gsset is written d¢ywn to its estinated re(p)VgTable arrnunl and an ImpaiJment b5$ is recognised In wofjl and loss. Funds Endowment funds ar• funds, the cawld of whth rn￿1 b8 maintain8d'. onty in(x>me arising from investsnent of the endowment may te u5eJ either as restricted or unre51riGted fvnds deP￿dIng upon the pu￿8 for whith the endOWw￿l was 0slabl￿h￿. Tro￿fer5 and from funds are made as designed by the Irustses. ReSt￿ted fijnds represent {a) I￿ome from trusis or endth¥ments which may be expgnded onty on restrKted ol¥'ects provided in the temis ofthe twstor Wuest, end Ibl donations or grants received for a specific objed. The lunds may only be exFended on the specfi object for thlch they were gNen. AJ)y remaining unspent at the ygar end must b8 CgrrtdfoThvard asa toknceonthatfund. Transfers to and funds are nK4de as designated by the I￿stee$. UnrestrSEted (General) funds ￿present the funds of thè charity that are not subJ8Ct to any rfjslrictions regarding their use and are available for appltcation on tha 98rEral purp)ses of the charity. Transfers to aTra from funds are made as d8synated by the trUSte8S. 10

GEORGE HUDSON'S CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 5 APRIL 2024 Op•rntlng l•a• Le&8e income is f9￿￿3n18ed In profft and b)ss on a 81raight-ll￿ basLs over the lease temi. The aggwate cost of ￿0$¥ incenlwes are recogniqed as a redu¢tknn 1¢ over the lease lem) on 8 $lraight-line basis. Costs, including depredation, Incurred In e8mlng the lease comè are recognL8ed a5 an expense. Any inlllal d1￿ct cthts incurred in negotiating and arranging the operating lease arè tA1d8d to the Carying an￿l￿t ofth8 lea￿ and recc•Jnlsad as an eypgnsg over the Igase terrn on Ihe same basls ag the la88e Income. Invfjglmgnt Prop•rty InvestmentproFety B initially I￿￿ded 8lco&l whth Includ￿ pUKh￿ wic and any directly attrbutable experKlJlure. Investrrent kYOFerty is revalued lo rts fairvalue at each reportong date arKI any thanges In falr Val￿ are recogniséd in income or eXpendI￿re. Golng Concorn The are ￿ merlal uncertainlie8 atKJtrt tlE charity's abllty to conllnu•. DoMtlon• Ind L•gacl•s 2024 2023 Donations Donallons ￿m￿lse￿ 01 £12,729 Lnrestdeted 12023.. £1LXJI and £8,500 mtrictad 12023.. £8.8161. Othef Incom• 2024 Z023 R￿ts Mcewable 7,000 3,000 Totsl Other Olher inconE ￿MpriSed of £7.000 unrestrthd12023'. £3,000). Incom• Inv•4tm•ni• 2024 2023 DMdend5- Equltles Interest on rash deposits 18.005 127 15.777 49 Ineome from invesknents cornprrsed of £18.132 unr•slrthd {2023'. £15.8261. 11

GEORGE HUDSON'S CHARITY NOTES TO THE FINANCIAL STATEMEPUS YEAR ENDED 5 APRIL 2024 ExpOr￿ltUr• on Charithble Activits 2024 2023 EdiK8lion, Maintenance & Supportof Monthty ￿5h payments Clothing & foohvear Christrnas bonu¥ 6,358 6.633 7.968 8.791 700 M8118gem&nt & AdminlEtr8tiM of Ihe Chwty c￿an 307 1.763 1,845 1,729 2.351 180 2,250 3.030 7,236 428 1.800 185 311 256 374 1,705 23.54 180 2,350 2.786 9,641 353 Heat. b'ght & wa8r Insurane• RO￿Ns a mantènance D8pr8ciation {EndMnent Fund) Admlnistrator Audlt and a¢o)unlancy Management Fees1£3.536 Endowment FuThJ) MT Clarkg Lettlng Fee Intere51 payable 41 Expendibjre on charitableactNitios eomprlged of£26,486 unr88lrtcted12023'. £44,143). £6,633 restrict8d12023." £8,791) arMI £3,536 rdaling to the Er#Jowment C8pMal Fund {2023 '. £6.001) Stsff Co8t8 and Numb•rn 2024 2023 Gro58wag88 2.250 2,350 No employe8 had errployees benefits In excess of £60.0￿. The average nun*er of employees thjring the pel￿d was 112023.. 11 12

GEORGE HUDSON'S CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 5 APRIL 2024 TrwtsM Romun•rntion. Expe￿￿ and K•y M•nag•m•nt Par￿nn•1 During the Gurrantark4 pr8cedlng year. the tNstses dld not recefve any remuneratlon. Durfng the year trustees were feinbutsad for out of pctket èxpènses an￿Unting lo £nll 12023.. £nill. Tho key manageThh8nt Ffrsonngl of the charSty corryfise of the socfv The tclal employ88 beneffts of the key management perS￿n￿l of tho chaiity were £nll12023: £nli I Re•ll¥ed G•ln• & Loss•s on Inv•stm•nl Aw•t• 2024 2023 IEndowrrEnt Fund unless othorwi8e st8dl GalnB on S•l•lReorywlsotlon ol Inv•fjlmnts ExFerian Haknn 4,058 J P MDryan US Equlty Income Reckitt Ben¢￿Ser Rio Tlnto Royal DulL Shell SSGA SPDR EfFS 815 2.628 1.798 Lo•BO5 on saI￿R•OryanlsallQn of Investnnt• Avnia Blackro¢k MSIM Fund MgmtAsla Plmco Smith + Nephew 918) 11,810) 12,135) 1305) 11,401) Flxèd A•••ts Property Cojt At 6 Apdl 2023 Addthons Falr Valu• at S Aprll 2024 2023 41,100 41.100 Doprrtltlon At 6 April 2D23 Charge for the ye At 5 April 2D24 383 203 180 Falr Value At 5 Aprfl 2024 Ng1 Book Valu• At 5 April 21Y23 13

GEORGE HUDSON'S CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED S APRIL 2024 10 Imi•slm•nl Property Property Falr Valuo At S April 2024 At5 Aprl 2023 The propwty held wlthln ffix¢d assets and investrnent prc¢)erty 1$ dassmed as a mIXa¢￿Se property. The property was revalued on 23rd June 2020 by Loflhouse & Partners on Ihe basL8 of open mafket value. The hthrlc ￿$t of the burfding 1$ as lollrw3'. 2024 2023 Frethold Propety Property Impmement 5.460 79,468 79,468 The hi8tOTi¢ Cost is spll on the st4M propcylitsn as the fair value al 25% ftred assets aTrJ 75% ky4fe8tsment pro￿￿ty. 11 FIX￿ Assets Inv••tm•nts 2024 2023 Quoted U.K. Inv8stments Market Value at 6 Awil 2023 L¢•s Disposals al myrket value IPro(eds £14.1841 Add Acquisitions at C05t Net Loss on Revalualitsn at 6 Awil 2024 IAark¢iValuo at 5 April 2024 455.018 (16.3761 28.607 20 487 503.472 134,820) 1B,386 InY•tstments at Marketvalup Comprl8¢d: UK Equil UK Fixed Interest Seujiit Unlt Trusts and Invesiment Trusts 119,941 131,341 367 995 ￿L7 467 H15toKal Cost at 5 Aprl 2023 There were IndivKI￿1 InvestmBnts held at 5 Aprfl 2024 whir are over 5% of thè FQrtrol by va￿. Markal Value BlaL*rock FhN Holding of 15,750 JP Morgan US Equty Ishares Hokling of 1,2C(I SSGA Hdding of880 30.172 31.920 8.19 49.172 10. 33220 14

GEORGE HUDSON'S CHARITY NOTES TO THE FINANCIAL sTATEME￿rs YEAR ENDED 5 APRIL 2024 12 D•btors 2024 2023 Prepayments Other Debt¢r8 629 13 Cr•dltots: Amounts Falllrlg du• wlthin One Y•4r 2024 2023 Accruals Olher Creditors 11.201 3.1K2 14 Fund• InEurnlThJ Oulqolng G•ln$ & Balance •06.04.23 Resourte R￿0￿ceS Trnnofw8 ILo6us) @05.04.24 Endowm•rt Fund Olher Re8WV•S 557.690 70,465 13,536 6,237 20.687 580.391 91.152 Tclal En1￿¥M•￿ FLrKJ$ Restricted Funds.. Clolhing Fur Confedonery FuThJ 8.500 16,633) 7.831 200 2C(I Total Re8ththd FuTrJ¥'. Incomlny OutgolbVJ & B•lance .rio22 R88our¢•s R•S¢￿rG#S Tr4n•f•rn ILoe8e81 ￿&0423 564,488 16.001) 103.402 Endomnent Fund other Res•rv•s (7771 132.9371 557.890 70.485 T¢tsl En(IMnent F￿d¥ Restitted FuTrJs'. CAolhing Fund COnfectic￿ery 5.939 200 8,818 {8,7911 200 Totsl strfct•J Fund& The clothing fund ￿Presents a donalic)n from the Slr John Prioslm8n Charity to hdp towards th8 purchase of cblhing ￿uCherS to be dislrliuted to the beneficiaTk8. There were some fvnds wrnalnlng at the year end. The confectiongry fund rewesents a donauon re¢eived to purchase Eastsr 4gs to ￿￿trIbute to the benefficiaries. At the balance shagt tste £200 remain&4 to be spent on Easter eggs. 16

GEORGE HUDSON'S CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 5 APRIL 2024 14 Fund• Incomln9 lllolng Gginv & {conUmKffj ￿ts4￿) R•¥ouw¢ES Re*gurEH Trnnsfern ILMM¥l Unr￿n¢t￿￿ Funds G¥rwal Reserves Other R68erve8 05.M24 {9.2221 223 35.881 Q6,486) 153 223 Totsl ur￿8striCted Funds Fwd I￿orn1r¥ (￿tgoIng Golns & @06.04.22 RoBourcoB Rovour￿ Tran•f8rn ILos80•1 Balanco 05.04.23 Unrestrfctsd Funds Gener81 Resems Othar R9$0 15.995 18,926 {44,143) 19.2221 Total R•latod Party Tranq•ctlon8 There wero no related party transactions inaJTred during the year12023: Ènil)and £nilwere outstandlng to rdatsd parties al the balance sheet dal812023: £nil). 16 Ab7alysh ol Not A•#•t# Funds Unrnstrtct•d R•strkt•d Endawrn•nt Total Fund8 I￿¢m8 Fund In¢om• Fund Ca￿tal Fund 2024 TaTVJl￿e Flxed Asset8 Investm$nt Pro￿rty Investment Other Debtors Cash at B￿k Creditors 40.537 112,5tKI 487.936 828 9,941 40.537 112.5C 487,9 629 25,573 17.2251 7,801 17.225) 8,031 Unrostrfcted R•strfcted Endowmont Tolal Funds Incomo Fund Income Fund Capltal Fund 2023 Tangl￿8 Flxed Ass&ts Investm8nl Propoty Investmènt Other Debtors Cash at Bank Cfedito 40.717 112,500 455.018 20,154 12341 40,717 112.500 455,078 20.154 8.132 1112011 2.202 {11.2011 6,164 16

GEORGE HUDSON'S CHARITY SCHEDULE OF INVESTMENTS YEAR ENDED S APRIL 2024 2frtl OrdaBPO.LX>IO 2SCQ ral Gro B￿GbI (rfrfuk gll fvbj I rev A￿¥4 4,$¢5.￿ 2&6J 4a85.9) 7.&A37 18.837.OB Z2.781A1 17,51&67 I￿.25 IS3S97 17,612.D) 3Q1T2. 17.￿.1)} 1LH.54 470. 12920xd GBPth25QO Grffard AThrunW1 DIS 81a(4L rc¢k FM fDrf ewp hc d wlt81 BNY nlonfd ffryrathn U GBP DIS BNY mdbnl¢ gb81 UG&P Ccffipau GroL ¢X¥Ja 11&8 15750011 GBPO.05QO 1,17&19 6n5T 1.16 9347.17 GBP 0.1063 I70￿0GBP(.1￿6l 1.28&% ￿.21 T.￿78 45A8 7,7T8￿$ 7.731. 1&3. 3881dGBP025 41￿16 6,3tA6 21&31 11.84 413.10 &&E48 qW.74 221 3.748 (o).uJ 13,W.Cil 49,171.S) 1754.59 31.gZ). 7,591.D) 19.347.9) 0￿2) W1.53 17,341. 6W) Old GBP 13480 1200 7383.65 HICL 1Tfr￿tUrO Ir¢tUoMI Cash Seth PLC fjrps s&p &5 40. I￿1.28 253T1. 7,724.81 17,161.tr 1.361.18 51 16T.04 JP L Eqw Irtomp IrK K 5700 OwtlGBP O.Q100 JP Morgan GL EM Itr 165QO JLwler ￿ rnroJr5Iapantr¢￿i 320U Ord GBPO.02YJ Leod & G&Yr Uctts IG4vI￿ ltsyJmB 1159&83 Fwthln TMFtTN F2 FTF CrJge GBL Irlrn Irc Ord GBP Q0291 IT￿%￿n 3YLiO 432$3 251 174_64 11,751 8,51&91 13,522.28 s￿83 q&3Z52 &707.&2 ￿e￿[￿C 4.31524 Rkn Tklo 4168. Ruyal S￿1 519.IY2 Sthroder ￿ent 1191&14 259 SSGA SPQIR EtFS E I S&P LE ￿vAro(lS I&1￿￿ W1 iiwj ABR￿￿ Prtyèrty Irit Ltd 1CI,Wd.62 53 T Bthy Fund SeNlrnzxry C lI14￿r￿ 36￿ CTd GBPO.Ql00 T4ykf Wrnp8y Ord ￿￿40 70 Tw•rtyfw CLYPDrato BoTrJl GBPDIS 7X4.r8 117&49 2,22 94.4F 1(k33 o. 135 935Cd GBPO.1140 1Z7&3.45 g,fO&SS 9.(￿1￿0) 5,7SS Y. N8Ucml GOJ r OrÉ FD Mgfs J 21 TnJst FLC 414. 7& 122￿. 71S 417.05 fA2 &3.18 1700￿ GBP 0.1ri]o &7W.CD 14M.10 31219.95 5.637.60 13,497 4.764. &9tt70 9,Xfj.gJ 9.14625 454. 7.34289 569ltkdCBPO.0100 Z51 eA.61 247.17 28 24OfrdGBPO.WJII Icft8e250 Varwwrd fi￿5 F4cs8p Varg￿rd IrNstThrt S8r6 PLC ￿.48 n.18 13,81Qt6 7,r2515 167.12 I1￿{ (￿.cO 211.73 17