THE TLEy CIIAIUTABLE TRUST REPORTS & F¥AlYClAL STATEMENTS IS MARCH 2025 RAWSE, VARLEY & CO Chartered Accountartts Bradford
THE HARTLEY CHARITABLE TRUST co]YrENTS Page ]xgal & Administrative Infonttation Trustees, Am)ual Report Jndependent Examiner's Rq)ort to the TTusIccs Accounting Policies Statement of FiDancial Activities Balance Sheet Notes to the Financial Statements 8-10
THE HARTLEY CHARITABLE TRUST LEGAL & ADMINISTRATIVE INFORMATION Charity Name: The Hartley Charitable Trust Reglstered Charity Nujuber: 800968 Prin¢ipal Address: 6 Throstl¢ Nesi Drive Harrogale HG2 9PB Truste¢s: Ciwles Richard Hartley Esq (Chairnn of Trnstees) Mrs Jane Hartley Mrs Peta Elizabeth Hillard Hyland Dfftte of Cbarity Trust Deed: 31 July 1988 Bankers: S.G. Kleinwort Hambros Bank Ltd 8 Harewood Yard LS17 9LF Stockbrokers: Brewin Dolphin Ltd 10 Wellington Pla Leeds LSI 4AN
THE HARTLEY CHARrrABLE TRUST TRUSTEES, ANNUAL REPORT For the year ended IS MY4rch 2025 The Trustccs present their Amiual Report and the unaudtted Financial Ststements of the Charitable Trusi for the year ended 15th March 2025. Constitulion The Trnst was established by a Charitable Trust Deed dated 31 July 1988 and is administered by its Trust¢es. The cuTht Trustees. all of whom served throughout the ycar. are shown on pase I together with other administrative informalion. In accordance with the Charitable Trust Ded, the power of appointing or removing a Trnslee lies with a majority for the time being of the Tnte¢s. The Hartley Charitsble Trnst is a regist¢r¢d charity, numlKr 8(K)968. Charitfdble objectives 4Dd pubU¢ benefit Undcr the provisions of the Chantable Trust Deed, the Trustees are directed that the in¢ome and capital of the Trust are to be applied to make donations for such charilable purposcs or to such ¢harilabl¢ institutions as the Trnstees in their absolutc discretion may think fil. The Trustees confinn that in canying out such directions they give due consideTation to the Charity Commission's published guidance on the Public Benefit requirement under the Charities Act 2011. Revlew of activities The Siatement of Financial Activities for the year 1$ detailed on page 6 of the financial statements. The defi¢il of income over expenditure for the year of £8,035 has d¢crus¢d by £5,376 in comparison with ihe pr¢vious year, with the investmenl incom¢ increasing by £4,733. Grdnts to charitable institutions were reduced by £2,(N)O, whilsl thetr was an Increa in administration expenses of £1.357. Th¢ TNstees exercised their power of invcstment to continue th¢ restructuring of their investment portfolio with thc disposal of inv¢stments having an opening book value of £664,250 and a gain on disposal amounting to £44,135. The proceeds r¢alised on sale of £708,385 were applied in the purchase of investmenls al a book cost of £677,880. Plans for the future and reseryes policy The Trusl¢¢s intend lo continue lo make grdnts to charitable institutions at a sustainable level and have a policy of maintaining reserves at a level sufyicient for the purtK>SC. Si8dtement of Trustees, responsibilKties The Trustees arc responsible for preparing the Trnstees. Rert and the financial statements in a¢cordancc with the Charitsble Trust Deed. the Charities Act 2011 and the Charities SORP (FRS 102). The finattcial statements have been prepared on the accruals basis and where the accruals basis is use the law applicable to charities in England & Wales requires Trustees to prepare funCIal statcments for each financial year whicll give a tN¢ and fair vÉew of thc stalc of affairs of the Charity and of its incomc and expenditure for that year. ]n preparing su¢h financial ststcmcnts, the Trnstees ar¢ required to.. select 5Ultable accounting policies & apply them consistenily. observe the methods and principles in the Charitics SORP (FRS 102)"
THE HARTLEY CHAIUTABLE TRUST TRUSTEES, ANNUAL REPORT For the year ended 15 March 2025 Stalelnent of Trustees, responsibilities (conilnued) make judgements & estimates that are reasonable & prudent; and prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charity will continue ill operation. The Trust¢es are responsible for keeping proper accounting [OrdS which disclose with reasonable accuracy at any time the fllwicial posltion of the ckwity and to eJ)able them to ensure that the fmancial statements comply with the Charities Act 2011, the Charities SORP (FRS 102) and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charily and h¢ncc for taking reasonable steps for the prevention & detection of fraud & other I¢gUlarItIes. The Trustees, Annual ReFK)rt was approved by ihe Trnstees atLd signed on their behalf by C R HARTLEY ESQ (Chairnwi of Trustees) 13° May 2026
THE HARTLEY CHAIUTABLE TRUST INDEPEIWENf EXAMINER'S REPORT to the Trustees of The Hxrtley Charitable Trust I rcport on the financial statements of The Hartley Charitable T1 for the year ellded 15 March 2025 which COmPTise the Statement of Financial Activities, the Balance Sheet and Ibe related notes on pages 8 to 10. Respective re$poDsibilities of tbe Trnstees and the Examiner The Charity's Trusl¢es are rcsponsible for the preparation of the Financtal Statements in accordance with the Charities Act 2011 (,e Act")- The Charity's Trustees consider that an audit is not required for this year under Section 14412) of the Act and that an independent examination is needed. Il is my responsibility to.. examine the financial stsiements under Section 145 of th¢ Ath. follow th¢ proccdures laid down in the applicable DitionS giv¢n by the ChltY Commission under Seclion 145{5)(b) of the Act. and slate whether particular matters have come to my attention. B48is of IndependeDI EMInerS Ststement My examination was carried oul in accordance with general directions given by the Charities Commission. An examination includes a review of th¢ aoUntIng recoTd5 kept by the charity and a comparison of th¢ a¢¢ounts presented with those records. It also in¢lud¢s wnsideration of any unusual items or disclosures in th¢ fmattcial ststements and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would b¢ required in audit and consequently no opinion is given as to whether the financial statement8 present a 'lrn¢ and fair view, and the report is limited to those matters set out in the stat¢m¢nt below. Independent Examlller's Statement In connection with my examination. no matter has come to my attention to indicate that.. accounting records have not becn kept in accordance with Section 130 of the Act. tbc financial statements do not accord with those records. tb¢ fCial statements fail to comply with the Charilies SORP (FRS 102)" in my opinion the maltu should bc drawn to the attention of tbe reader to gaill a propcr undcrstanding of th¢ financial statements. P. M. Varl¢yF.C.A. Rawsc, Varley & Co Chartcrcd Accountants Lloyds Bank Chambers Hustlergate Bradford BDI IUQ 13th May 2026
THE HARTLEY CHARITABLE TRUST ACCOUNTING POLICIES The Trustees have adopted the following principal accounting polici¢$ which fom] an integral part of the financial statements: Basis of preparation The fllwicial statements have been prepared under the historical cost convention, as modified by th¢ revaluation of invcstments at market value al the balance sheet date. The financial statements have been prepared in accordance with the provisions of Statement of Recommended Praclice: Aounting and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Stsndard applicablc in thc UK and the Republic of Ireland (FRS 102) (second edilion - October 2019) ('£harities SORP (FRS 102)") and with Ftnancial Reporting Standard 102 'Yh¢ Financial Reporting Siandard applicable in the UK and Republic of Ireland" (FRS 102). The Charity constitutes a public benefit entity as defined by FRS 102. Fund accounting Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the genernl objectives of the Charity. Income recognitlo All income, including investment income, is included in the statement of fla1 adivitics wh¢n thc ¢}ltY As entitled to the income. the ¢1pt of the incomc is considered probabl¢ and the amount can be quanlifi¢d with rcasonable accuracy. For legacies, entitlement is takcn as the earlier of the date on whtch the estate is finalised or when a distribution is receiv¢d from the eslate. Expenditure Expenditure is recognised by the charity on the accruals basis IluSive of any VAT which cannot be recovered or when there is a Icgal and constructive obligation to a third parly and the amount of the liability can be measured reliably. ChaTitable expenditure represents costs Incued in the delivery of Jwitable activities. Flxed asset Investments Investments are stated at fair value. In thc case of investments traded on a reeognised stock exchange. fair value is (ktennined by r¢f¢rence to quoted bid prices. Changes in the valuation of investments are retlected in the nK)vem¢nt in funds in the statement of financial activities.
THE HARTLEY CIIARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES Year ended 15 March 2025 Unrestrirted funds Income General TotAI 2025 Total 2024 Note Income: Investment income 67,093 67.093 62,360 Transf¢r- R¢itiveslment of Excess Reportabl¢ In¢om¢ 55 55 67,038 55 67,093 62.360 ExpeDditure: Charhable &wendituYe.' Grants to institutions (55.300) (55,300) (57,300) Support costs.. Administration expenses (3.276) (16.552) {19,828) (18,471) Total expenditure 58.576 16.552 (75,128 75,771 Income less expenditure 8,462 (16,497) (8.035) {13,411) Other r¢eognised gains aDd losses Realiged gains on investment asset sales Unr¢alised gains on investment assets 44,135 56,434 44,135 56.434 10,813 169,247 et movement fin fnnd 8,462 84,072 92.534 166,049 Funds brought forward at 16 March 2024 23.498 2,495,419 2,518,917 2,352,268 Funds Carried fonvard at 15 Mareh 2025 31,960 2.579,491 2.611,451 2,518,917 All the components of nel movement in funds relate to continuing activities. The notes on pages 8 to 10 form part of these financial statements.
THE HARTLEY CHARrrABLE TRUST BALANCE SHEET 15 March 2025 Note 2025 2024 Fixed assets ]nvestments 2,545,347 2,475,283 Current assets Cash at bank Current liabilities Creditors falling due within one year 6,396) 6,120) Net current assets 66,104 43,634 Total asset5 less current Iiydblllties 2.611.451 2,518,917 Represented by Unre8tritted funds: General fijnd ]ncome fvnd 2,579,491 31.960 2,495,419 23.498 2,611,451 2.518.917 The fiJwi¢ial statements on pages 5 to 10 were approvcd by the Trnstees on 13 May 2026 and signcd by CRHAR" ESQ JtAon5 MRS J HARTLEY MRSPEH Trustees The notes on pagcs 8 to 10 forni part of these financial statements.
THE IIARTLEY CHARITABLE TRUST NOTES TO THE FII¥ANCIAL STATEMENTS Year ended IS Marcb 2025 2025 2024 Investment income Dividcnds reIVed from St(Kks & Shares of U.K. Companies Distributions reccived from Unit Trust Holdings Dividends received from Ovcrscas Securities Intercsl received from Corporate Bonds Interest received from British Govcrnment Securities 31,629 16.061 12.771 3,200 2,935 29,386 15,625 14,507 2,533 66,596 62,051 tnterest receiv on deposits with.. Brewin Dolphin Ltd 497 309 Total inv¢5tDwil income 67,093 62,360 Grants to ¢bAritable institution Dejnentia Forward- Alzheimer's Society HaThigate HoHJele5s Project Limited The Car¢r's Resource Senior Volunteer Network Prostate Cancer U.K. 30,600 10.800 8.400 5,000 500 30,600 10,800 8,400 7,5¢M> 55,300 57,3(Kl 3 Admlnlstration expenses Independ¢nt Examiner's remuneration: ExaMition fee Other accounlancy fees 360 2,916 360 2,760 3.276 3,120 Portfolio malla¥eJnent fees 16.552 15.351 Total administration expe115C5 19,828 18,471 Transactions with trustees and other related parties No remuneration or other benefits were paid to thc Trustees and no Trustees, expenses wcre incurred in either ycar.
THE HARTLEY CHARITABLE TRUST NOTES TO THE FtNANCIAL STATEMENTS Year ended 15 March 2025 2025 2024 Fixed asset iDveslment5 (ote0 investments: Market value at 16 March 2024 2,475,283 2,306,661 Disposals al opening book value {Proceeds £708,385. Gain £44.135) (664,250 (434,913 1,811.033 1,871,748 Add.. Acquisitions at cost Net gain on revaluation at 15 March 2025 677,880 56.434 434.288 169.247 Market value at 15 Mawh 2025 2.545.347 2.475.283 Historical cost at 15 March 2025 2,241,051 1,979,770 Creditor5 Amounls falling du¢ within one year: Accruals 6,396 6,120 Unrestricted funds Ineome General Totxl funds AnalysSs of Det assets between fvnds Fund balances at 15 Mah 2025 are represeIited by: Invcstments Current asscts Current liabilities 2,545.347 2.545.347 34,144 72,500 6,396 38.356 6,396 Total nei assets 31,960 2 579491 2,611451
io THE HARTLEY CIIARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS Year ended IS March 2025 UDre5tricted funds Income General Total fund8 6 Analysis of net 25sets between funds {coDIiDued) Unrcalised gains included above: On investment assets 304.296 304,296 Reconciliation of movemeni in unaliSed gains on investment assets.. Unrealised gains at 15 March 2024 In respect of disposals in the year 495.513 247.651 495,513 247651 247,862 247,862 Net gain arising on revaluation in year 56.434 Unrealised gains at 15 March 2025 304.296 304 296