THE HARTLEY CHARABLE TRUST REPORTS & FllYANCIAL STATEMENTS IS MARCH 2023 RAWSE, VARLEY & CO Chartered Accountallts Brddford
THE HARTLEY CHARNABLE TRUST CONfENrs Page Legal & Administrdtive Information Trustees, Am)ual Report Independent Examiner's Rq)ort to the Trnstees Accounting Policies Statement of Financial Activities Balance Sheet Notes to the Financial Stalements 8-10
THE HARTLEY CHARITABLE TRUST LEGAL & ADMINIST114TIVE INFORMATION Charity Name: The Hartley ChaTitsble Trusl Registered Charity Number: 800968 Princlpal Address: 6 Throstlc Nest Drive Harrogate HG2 9PB Trustee5: Charles Richard Hartley Esq (Chairnian of Trustees) Mrs Jane Hartley Mrs Pcta EIi7Abeth Hillard Hyland Date of Cb4rity Trust Deed: 31 July 1988 Bankers= SG Kleinwort Hambros Bank Ltd 8 Har¢wood Yard Harewood LSI7 9LF Stockbrokers: Brewin Dolphin Ltd 10 Wellington Place Leeds LSI 4AN
THE HARTLEY CllARABLE TRUST TRUSTEES, ANNUAL REPORT For the year ended 15" March 2023 Thc'l rnstecs pr¢scDI th¢irAnnual Rq)ort and Ihc unaudited Financial Stat¢mcDts of thc Charitsblc Trust for the year ended 15" MaTch 2023. Constltmtio The Trust was established by a Charitable Trust Deed dated 31" July 1988 and is administered by its TrustCCS. The current Trustees. all of whom served throughout the year, are ghown on page I together with other administrdtive information. ITh accordance with the Charitable Trust Deed, the power of appointing or removing a Trustee lies with a majority for the time being of ihe Trustees. The Hartley Cbaritable TTUSt is a registetEd charityj number 800968. Charitsble objvtives and public benefit Under the provisions of the Charitable TTUSt Deed, the Trustees are directed that the income and capital of the Trnst are to be applied to make donations for such charitable purposes Dr to sucb charitsble institutions as th¢ Trnslees in their absolute discretion may think fit. The TTUStees confirni ihat in carryng out such directions they 8iv¢ due ¢onsid¢ration to th¢ Charity Commission's publislied guidaii¢¢ on th¢ Public B¢n¢fit r¢quir¢m¢nt under the Charities Act 2011. Review of adivities The Statement of Financial Activities for the year is detailed on page 6 of the funCIal stalem¢nts. The deficit of income over expenditure for the year of £12,222 has decreased in compari50n with the previous y¢ar, with th¢ piincipal r¢ason being th¢ Ineased amount of inv¢stD)¢n¢ income up by £1.625 dnd a small decre&se in administration expenses of £472. There w&8 also a small dttrease in grants to charitsble institutions of £700. The Trustees were able to maintain the level of grants to charitable institutions due to the continued recovery of th¢ lev¢l of inv¢stm¢nt income T¢1Vable. The frustees exercised thcir powcr of investment lo carry out a majorrcstrucluring of their investmcnt tKTrrtfolio with the disposal of investments having an opening book value of £1.243,089 and a gain on disposal amounting to £1 0,170. The proceeds reali5ed on sale of £1,253,259 were applied in the purchase of investments at a book cost of £1.234.202. PIAns for the future and reserves PDliey The Trustees intend to continue to make grnnts to charitsble institutions at a sustainable level and have a policy of inaintaining reserves at a level sufficlent for the putyose. Siatement of Th15tee5' r¢spons?bi]itie$ The Trustces are responsible for preparing ihe TNstees' Report and th¢ financial statements in accordance with the Charitable Trnst Deed, the Charities Act 2011 and the Charities SORP (FRS 102). The financial Statements have been prepared on the accruals basis and, wher¢ the accruals basis is used, the law appIlble lo charitics in England & Wales requires Trustees to prq)arc fU]CIal stst¢menls for each financial year which give a true aud fair view of the stale of affair5 of the charity and of its income and expenditure for that year. Jn prepaTing such financial statements, the TStee5 are required to: Selt suitablc dccounting )lICI¢S & apply thcm consistently? observe the tnethods and principles in the Charities SORP IFRS 102).
THE HARTLEY CHARITABLE TRUS'r TRUSTEES, ANNUAL REPORT For the year eDded 15" Mar¢h 2022 Statement of Trustees, responsibilities (Continued) make judgements & estimates are reasonable & prnd¢nL and prepare the fjnancial statements on the going concern basis unless it is inappropriate to presume ihat the charity will continue in opcrdtion. The Trustees are responsible for keeping proper accounting records which disclosc with reasonable accuracy at any lime the financial position of th¢ ¢harity and lo enable them lo ensur¢ Ihat Ihc finallcial statements comply with the Charilies Ad 2011, the Charities SORP (FRS 102) and the provisioiis of thc Trust Deed. They are also responsible for safeguarding the assets of the chaTity and hence for taking reasonablc steps for the prevention & detection of fraud & other irregularities. The Trustees, Annual Rcport was approved by the Trn8tees and signed on thetr behalf by C R HARTLEY ESQ {Chairnian of Tnte¢s} 15 January 2024
THE HARTLEY CIIARItABLE TRUST INDEPENDENT EXAMINERTS REPORT to the Trustees of The Hartley Charitable Trust I report on the financial ateMentS of The Hartley ChariLqble Trust for the year ¢ndd 15" March 2023 which comprise the Statement of FinanciaI Activities, tbe Balance Sheet and the related notes on pagcs 8 to 10. Respective responsibilities of the Trustees And tbe Examlner The Charity's Trustees are responsible for the preparntion of the Financial Statements in a¢Lordance with th¢ Charilies Act 2011 ('%he Act"). The Charity's Trnstees consider that an audit is not required forthis year under Section 14412) of the Act and that an independent examination is needed. It is my reswnsibility to.. examine the fll)ancial statements under Section 145 of the Act" follow the proccdures laid down in the applicable Directions given by the Charity Commission under Section 145(5)Ib) of the Art. and state whether particular matters have come to my attention. Basis of Independent Examiner's StatemeDt My examination was Caled out in accordance with general directj0115 given by the Charities Com]ni55ion. All examination includes a review of the accounting record5 kept by the ChltY and a comparison of ibc accounts prcsentcd with thosc rccords. It also includes considerntion of any unusual items or disclosures in the financial slatements and seeking explanations froin the Trustees CQllceLlling any such matters. The PTocedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial stateinents present a 'true and fair view, and the report is lin]ilcd to th05c matters set out in the statement below. IDdependent Examiner's Statement In connection with my exatnillation, no mattcr has come to my attcntion to indicate that.. accounting CordS have not been kept in accordance with Section 130 of the Act. the financial statements do not accord with those records. the financial statemcnts fail to Cotnply with the Clwities SORP (FRS 102). in my opinion tbe matter should be drawn to the attention of the r¢adeT lo gain a proper understanding of the financial statements. J. M. RAWSE F.C.A. Rawse. Varley & Co Chartered Accountants Lloyds Bank Chambers Hustlergate Brddford BDI IUQ 15. January 2024
THE HARTLEY CHARITABLE TRUST ACCOUNTING POLICIES The Trustees have 8dopi¢d the following principal accounting policies whi¢h form an integral part of the financial stst¢ments.' Basis of preparation The financial statements have been prared under th¢ hislorical cost convention, as modifiedbyth¢ revalu*ion of invesljnents at market value at the balance sheet date. The financial slatanents have been prepared in accotthnce with the provisions of Statement of Recommended Practice". Accounting and Reporting by Charities prq)aring their accounts in a¢¢ordance with th¢ Financial Reporting Standard applicable in theUK and the Republic of Ireland (FRS102) {sOlld edition-O¢tober 2019) {"Charities SORP (FRS 102)") and with Financial Reporting Siandard 102 "The Financial R¢porting Standard applicable in the UK and Republic of Ireland" (FRS 102). 'rhe Charily constitutes a public benefit entity as defined by FRS 102. Fund accounting unstrICted ndS are available for use at the discretion of the Trnstees in fi]rtherJnce of the generdl objectives of the Charity. Income recognition All incotne, including invest]nent income, is included in Ihc 51atancnt of financial aclivitics wha] th¢ chatity is entitled to the income, the receipt of the income is considered probable and the amount can be quantified with reasonable aceuracy. For l¢ga¢its. cnl?Ilcment is takcn as the earlier of tbe date on which the estate is finalised or when a distribution is received from Éhc cstate. Expendlture Expenditure is recognised by the eharity on the accruals basis inclusive of any VAT which camlot be recovered or when there is a legal and constructive obligation to a ihird party and the amounl of the liability can be measured reliably. Charitablc cxpendithre rcprcscnts costs incurred in the delivery of charitable activities. Flxed a$$et Investments ]DV¢Stmenls ar¢ ststed at fair value. In the case of investments traded on a recogllised slockexchange, fair value is deterniined by reference io quoted bid prices. Changes in the valuation of investments are reflected in tbe movement in ndS in the statement of financial aclivities.
THE HARTLEY CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVTfiES Year ended IS Mxreh 2023 Unrestricted funds Income General fund fund Total 2023 Total 2022 Note Ineome: Invcstment incotnc 56,317 56,317 54,692 Transfer- Reinvestment of Unit TNst accumulations (512) 512 55,805 512 56,317 54.692 ExpeDditure: Charilable expenditure.. Grnnts lo inslilulions {50,100) (50,100) (50,800) Support costs.. Adjninistrdtion expenses (3,000) (15,439) (18,439) (18.911) Total expenditure (53 100) 15 439) 68 539) 69711) IDcome less expendire 2.705 (14.927) (12.222) (15,019} O¢ber recognised gains and losses Realised gains on investment asset sales Unrealised (105scs)/gains on invcstsncnl assct5 10.170 {57,858) 10,170 (57,858) 1,569 83,488 Net movement in funds Funds brought forward at 16 March 2022 Funds c¥rried forward ai 15 March 2023 2 3fj22fi8 178 All the wmponents of net movement in funds relate to conlirLuing activities. The notes on pages 8 to l O forni part of these financial statements.
THE HARTLEY CHARITABLE TRUST BALANCE SHEET 15 March 2023 Note 2023 2022 Fix¢d &$sets Investments 2.306.661 2,373,406 Current Assets Cash at bank 48,607 41.652 48,607 41,652 Curr¢nl liabilities Creditors falling due within one year (3,IM)O) (2,880) Net Current assets 45,607 38.772 Total ag$¢ts less eurrent liabilities Rtpresented by Unrestricted fullds: General nd Income fund 2,330,022 22,246 2,392,637 19.541 The financial stalements on pages 5 to 10 were approved by th¢ TSte¢S on 15 JaDuary 2024 and signed by C R HARTLEY ESQ MRS J HARTLEY MRS P E H HYLAND Trustees The noles on pages 8 to 10 fonn part of these financial statements.
THE HARTLEY CHAIUTABLE TRUST NOTES TO THE FINANCIAL STATEMENTS Year ended 15 Mrdrch 2023 2023 2022 vestment income DIVIddS received from Stocks & Shares of U.K. Companies Distributions r¢c¢ived from Unit Trust Holdings Dividcnds received from Overseas Securities Interest ceiVed from British Government Securities 36,090 9,403 9,697 914 46,649 4,323 3,434 286 56,104 54.692 Inler¢sl r¢oeiv¢d on deposits wilh.. Brewin Dolphin LAd 213 Total investment income Grants to charitable institstions Dementia fonvard- Alzheimer's Society Harrogatc Homeless Project Limitcd The Carer's Resource Nottingham Bramcot Walking Football Club Samaritans of Harn)gatc British Dyslexia Association 30.600 10.800 8,400 30,600 10,800 8,400 750 250 300
THE HARTLEY CHARrrABLE TRUST NOTES TO THE FINANCIAL STATF.MENTS Year ended 15 Mreb 2023 2023 2022 Administration expenses Independent examiner's remuneration: Examination fee Other acc(Truntancy fees 360 2,640 360 2,520 3,)0 2.880 Portfolio manag¢m¢nt fees 15,439 16,031 Total administration expenses 43 TrAn8aetions trustee$ and other related parties No remuneration or other tnefitS WfflE paid to the Tn]stees and no Trnstees. expenses were ineuTred in either year. Flx¢d i#$et investments Quoted investrnents: Market value at 16 March 2022 2,373,406 2,286,931 Less: Disposals at opening book value (Proceeds £1,253,259. Gain £10,170) {1,243.089) (43.134) 1.130.317 2,243.797 Add: A¢quisitions al ¢ost Net (loss)/gaÉn on revaluation at 15 March 2023 1,234,202 (57,858) 46.121 83.488 Mark¢t value at 15 March 2023 2 306 661 Hislorical cost at 15 March 2023
io TIIE HARTLEY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS Ye&r ended 15 Mthrch 2023 2023 2022 Credito Amounls falling du¢ withln one year.. Accruals Anilysis of net asse1$ b¢lween funds urtrICted fund5 IDcome General Total funds Fund balances ai 15 March 2023 are represented by: Investments Current assets cUellt liabilitics 2,306,661 23,361 2.306,661 48,607 (3,000) 25,246 {3,000) Total net assets 2 330.Q22 Unrealised gains included al)ove'. On investment assets 386 792 386 792 Reconciliation of movement in unrealised Eains on investment assets: Unrcaliscd gains at 15 March 2022 Tn respect of disposals in the year 1,015.761 1,015.761 (571,111) (571,111) 444,650 444,650 Net (deficil) arising on revaluation in ycar (57.858} (57,858) Unrealiscd gain5 al 15 March 2023