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← Central Hardship And Relief Trust

2025-06-30-accounts

Charity number: 801465

CENTRAL HARDSHIP AND RELIEF TRUST

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

CENTRAL HARDSHIP AND RELIEF TRUST

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 5
Independent Auditor's Report on the Financial Statements 6 - 8
Statement of Financial Activities 9
Balance Sheet 10
Statement of Cash Flows 11
Notes to the Financial Statements 12 - 25

CENTRAL HARDSHIP AND RELIEF TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2025

Trustees

R. H. Lynes (resigned 21 August 2025)

M. J. Hobbs

T. J. Pocock

J. S. Teissonniere

T. W. Barter (resigned 21 August 2025)

S. F. Rich

C. Campbell (resigned 21 August 2025)

K. Coldrick (resigned 21 August 2025)

D. K. Williams

Charity registered number

801465

Principal office

c/o Shaw Gibbs Wey Court West Union Road Farnham Surrey GU9 7PT

Independent auditor

Shaw Gibbs (Audit) Limited Statutory Auditor Wey Court West Union Road Farnham Surrey GU9 7PT

Bankers

HSBC Bank Plc 18 High Street Reigate Surrey RH2 9AY

Solicitors

Farrer & Co 66 Lincoln's Inn Fields London WC2A 3LH

Page 1

CENTRAL HARDSHIP AND RELIEF TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2025

The Trustees of the Central Hardship & Relief Trust herewith issue their Report & Financial Statements for the ended 30 June 2025. The Report and Statements comply with the Charities Act 2011 and 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) (effective 1 January 2019).

Structure, governance and management

a. Constitution

The Trust was registered on 3rd February 1989 as the Sedgehill Poverty Trust, the name being changed on 30th June 2006. It is governed by the Trust Deed dated 3rd February 1989, as amended by supplemental Deed dated 16th June 2006 and Resolution dated 15th April 2025.

A principal object is the relief of poverty amongst the Brethren in any part of the world, including the provision of accommodation and assistance with medical expenses for those in necessitous circumstances.

The Charity has the further principal object of carrying on the Service of God.

b. Methods of appointment or election of Trustees

The Charity is run by a Board of Trustees. The Board will have between 5 and 15 Trustees working as a team to meet the objects of the Trust as set out in the Governing Deed.

The Trustees recognise the need for different skills and resources when recruiting new trustees including what may be required due to any additional workload. Support is provided for trustee training when needed.

c. Organisational structure and decision-making policies

Fortnightly Trustees' meetings are held over Zoom to ratify any requests made and to ensure charitable aims are met. Collaboration with Vision Welfare in marketing has proven very beneficial.

The day to day management of the Trust operations is delegated to the Executive Assistants, remunerated on an hourly basis for the work undertaken.

d. Volunteers

The charity is grateful for the assistance received from Elders, who provide confirmations to support grant applications based on their close knowledge of individual circumstances.

e. Risk management

The Trustees confirm that the major risks to which the charity is exposed are identified by the Trustees, and are reviewed and that procedures have been put in place to manage those risks.

Page 2

CENTRAL HARDSHIP AND RELIEF TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Objectives and activities

a. Policies and objectives

The Trust's overall policies remained unchanged throughout the financial year 2024-2025.

Grant making policy

Grants are made for the relief of Poverty amongst the Brethren in any part of the world, including the provision of accommodation and in assistance with medical expenses for those in necessitous circumstances.

Loan making policy

Loans are made for the relief of Poverty amongst the Brethren in any part of the world, including the provision of accommodation and in assistance with medical expenses for those in necessitous circumstances.

b. Main activities undertaken to further the Charity's purposes for the public benefit

The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning the future activities. In particular the Trustees consider how planned grants, gifts and loans will contribute to the aims and objectives that they have set. The Trustees consider the current policy for grant and loan making delivers public benefit. Details of the objects which form the basis of this policy are given earlier in this report.

Achievements and performance

a. Review of activities

Throughout the year the Trust has continued to fulfil its objectives in the provision of the support of Brethren in necessitous circumstances.

Requirements in Jamaica continued. The Trust donated funds to the Jamaica Poverty Trust to support them in providing help as required in the island for general welfare, nursing care and medical assistance, mainly for the older generation, together with some assistance for accommodation.

The Trust provided support for men, women and children in different parts suffering from difficult health conditions which required specialist medical treatment where the state systems were unable to assist. The Trust also assisted to relieve hardship for some cases of single fathers or mothers bringing up their families.

b. Trustees

The Trustees provided all their work, support and travel at no cost to the Trust.

Financial review

Full details of the financial affairs are set out on the pages 9 to 26. As can be seen from the SOFA, total Income and Endowments came to £2,861,711 for the year, all unrestricted funds (2024: £1,587,839 all unrestricted funds). Total Expenditure came to £1,958,736 for the year (2024: £1,782,888). This resulted in a surplus of £902,975 for the year (2024: deficit £195,049).

Page 3

CENTRAL HARDSHIP AND RELIEF TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

a. Going concern

After making appropriate enquiries, the trustees have reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

b. Reserves policy

The Trustees' policy on reserves is to maintain a level of funds to cover any urgent charitable needs that may arise within the scope of the Trust Deed, based on their previous knowledge of the level of funds required. This requires funds available in a current account and reserves on notice in other accounts.

The Trust maintains a General Fund and that fund was sufficient to meet all the commitments made during the year. Payments from the fund have been made in the normal course of the charitable activities and there have been no exceptional payments. As 30th June 2025 Restricted Reserves of £10,367 (2024: £28,933) and unrestricted Reserves of £4,478,833 (2024: £3,557,292) were held. Free Reserves (Unrestricted Reserves less Fixed Assets) at 30th June 2025 were £2,537,005 (2024: £2,103,258).

c. Material investments policy

The Charity generally maintains a policy of low risk investment regarding its funds, and most are held as deposits with the main UK banks.

Plans for future periods

a. Future developments

The Trust aims to continue to fulfil its objectives. Any requests for grants or loans will be submitted to the Trust whereupon the Trustees will give them consideration in the light of (a) the Trusts aforementioned policies, (b) an application form, (c) other requests, and (d) the funds available at the time.

There are no known or future events anticipated to affect financial performance, including the ongoing impact of Covid-19.

Restricted funds

The Jamaican Fund represents donations received from over the world to assist with the charitable needs in Jamaica.

Grants disclosure

Grants were made during the year as follows:

Grants made to individuals £1,772,573 Jamaica Poverty Trust £18,566 £1,791,139

Page 4

CENTRAL HARDSHIP AND RELIEF TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

14 Apr 2026 Approved by order of the members of the board of Trustees on and signed on their behalf by:

Simon Rich

S. F. Rich

Trustee

Page 5

CENTRAL HARDSHIP AND RELIEF TRUST

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CENTRAL HARDSHIP AND RELIEF TRUST

Opinion

We have audited the financial statements of Central Hardship and Relief Trust (the 'charity') for the year ended 30 June 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, 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).

The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

In our opinion the financial statements:

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 United Kingdom, including the Financial Reporting Council'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.

Page 6

CENTRAL HARDSHIP AND RELIEF TRUST

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CENTRAL HARDSHIP AND RELIEF TRUST (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, 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.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees are responsible for the preparation of the 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

Page 7

CENTRAL HARDSHIP AND RELIEF TRUST

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CENTRAL HARDSHIP AND RELIEF TRUST (CONTINUED)

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 gained an understanding of the legal and regulatory framework applicable to the charity and the industry in which it operates, and considered the risk of acts by the charity that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to the Charities Act 2011 and UK tax legislation.

Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the Trustees that represented a risk of material misstatement due to fraud.

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 charity's trustees, as a 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 its trustees, as a body, for our audit work, for this report, or for the opinions we have formed.

Shaw Gibbs

Shaw Gibbs (Audit) Limited

Statutory Auditor Wey Court West Union Road Farnham Surrey GU9 7PT

Date: 19 Apr 2026

Shaw Gibbs (Audit) Limited are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 8

CENTRAL HARDSHIP AND RELIEF TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025

Note
Income from:
Donations and legacies
3
Other trading activities
4
Investments
5
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
2,855,653
1,404
4,654
2,861,711
1,940,170
1,940,170
921,541
3,557,292
921,541
4,478,833		 Restricted
funds
2025
£
-
-
-
-
18,566
18,566
(18,566)
28,933
(18,566)
10,367		 Total
funds
2025
£
2,855,653
1,404
4,654
2,861,711
1,958,736
1,958,736
902,975
3,586,225
902,975
4,489,200		 Total
funds
2024
£
1,578,940
1,287
7,612
1,587,839
1,782,888
1,782,888
(195,049)
3,781,274
(195,049)
3,586,225

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 12 to 25 form part of these financial statements.

Page 9

CENTRAL HARDSHIP AND RELIEF TRUST

BALANCE SHEET AS AT 30 JUNE 2025

2025
Note
£
Fixed assets
Tangible assets
11
1,941,828
1,941,828
Current assets
Debtors: amounts falling due after more than
one year
12
1,532,644
1,726,603
Debtors: amounts falling due within one year
12
507,100
642,252
Cash at bank and in hand
585,247
659,055
2,624,991
3,027,910
Creditors: amounts falling due within one
year
13
(77,619)
(895,719)
Net current assets
2,547,372
Total assets less current liabilities
4,489,200
Total net assets
4,489,200
Charity funds
Restricted funds
14
10,367
Unrestricted funds
14
4,478,833
Total funds
4,489,200
The
financial
statements
were
approved
and
authorised
for
issue
by
the
_______and signed on their behalf by:
14 Apr 2026		 2024
£
1,454,034
1,454,034
2,132,191
3,586,225
3,586,225
28,933
3,557,292
3,586,225
Trustees
on

Simon Rich

S. F. Rich

Trustee

The notes on pages 12 to 25 form part of these financial statements.

Page 10

CENTRAL HARDSHIP AND RELIEF TRUST

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2025

Note
Cash flows from operating activities
Net cash used in operating activities
17
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
Net cash (used in)/provided by investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
18
The notes on pages 12 to 25 form part of these financial statements		 2025
£
441,538
4,654
(520,000)
(515,346)
-
(73,808)
659,055
585,247		 2024
£
200,399
7,612
-
7,612
-
208,011
451,044
659,055

Page 11

CENTRAL HARDSHIP AND RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

1. General information

CHART is a charity, incorporated in England and Wales. Its registered office address is c/o Shaw Gibbs, Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

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 Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Central Hardship and Relief Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Page 12

CENTRAL HARDSHIP AND RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.5 Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the Statement of Financial Activities.

2.6 Taxation

The Charity is exempt from income tax as a registered charity on its income and gains where these fall into one of the charitable exemptions and are spent on its charitable purposes.

2.7 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

At each reporting date the Charity assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 13

CENTRAL HARDSHIP AND RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

2. Accounting policies (continued)

2.7 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property

2% straight line

Land is not depreciated.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 Concessionary loans

Concessionary loans are made to advance the charitable purposes for the benefit of the Charity's beneficiaries. Concessionary loans repayable on demand or within one year are recognised at the amount paid and loans repayable in more than one year are recognised at the amount paid. Interest is recorded when it is received.

2.10 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.12 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 14

CENTRAL HARDSHIP AND RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

2. Accounting policies (continued)

2.13 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Income from donations and legacies

Unrestricted
funds
2025
£
Donations & gifts
2,848,212
HM Revenue & Customs tax reclaimed
7,441
2,855,653
Unrestricted
funds
2024
£
Donations & gifts
1,570,885
HM Revenue & Customs tax reclaimed
8,055
1,578,940		 Total
funds
2025
£
2,848,212
7,441
2,855,653
Total
funds
2024
£
1,570,885
8,055
1,578,940

4. Income from other trading activities

Unrestricted Total
funds funds
2025 2025
£ £
Rent income 1,404 1,404

Page 15

CENTRAL HARDSHIP AND RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

4. Income from other trading activities (continued)

(continued)

Unrestricted Total
funds funds
2024 2024
£ £
Rent income 1,287 1,287

5. Investment income

Unrestricted
funds
2025
£
Investment income
4,654
Unrestricted
funds
2024
£
Investment income
7,612
Analysis of grants
Grants to
Institutions
2025
Grants to
Individuals
2025
£
£
Grants, Relief of Poverty
18,566
1,772,573		 Total
funds
2025
£
4,654
Total
funds
2024
£
7,612
Total
funds
2025
£
1,791,139

6. Analysis of grants

Page 16

CENTRAL HARDSHIP AND RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

6. Analysis of grants (continued)

Grants to
Institutions
2024
£
Grants, Relief of Poverty
40,000
Of the total grants £18,566 was made from restricted funds (2024: £NIL).		 Grants to
Individuals
2024
£
1,615,617		 Total
funds
2024
£
1,655,617

The Charity has made the following grants to institutions during the year:

2025 2024
£ £
Name of institution
Jamaica Poverty Trust 18,566 40,000

7. Analysis of expenditure by activities

Relief of Poverty
Relief of Poverty		 Grant
funding of
activities
2025
£
1,791,139
Grant
funding of
activities
2024
£
1,655,617		 Support
costs
2025
£
167,597
Support
costs
2024
£
127,271		 Total
funds
2025
£
1,958,736
Total
funds
2024
£
1,782,888

Page 17

CENTRAL HARDSHIP AND RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

7. Analysis of expenditure by activities (continued)

Analysis of support costs

Support costs
Audit fees
Accountancy fees
Professional and Admin fees
Finance costs
Depreciation
Loss on disposal of fixed assets
Auditor's remuneration
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts		 Total
funds
2025
£
5,175
12,480
8,950
88,090
20,696
32,206
-
167,597
2025
£
12,480		 Total
funds
2024
£
10,937
12,120
7,100
124,318
3,161
(30,510)
145
127,271
2024
£
12,120

8. Auditor's remuneration

9. Staff costs

There were no employees of the Charity during the year (2024: None).

No employee received remuneration amounting to more than £60,000 in either year.

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year ended 30 June 2025, no Trustee expenses have been incurred (2024 - £NIL) .

Page 18

CENTRAL HARDSHIP AND RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

11.
Tangible fixed assets
Cost or valuation
At 1 July 2024
Additions
At 30 June 2025
Depreciation
At 1 July 2024
Charge for the year
At 30 June 2025
Net book value
At 30 June 2025
At 30 June 2024
These are all held in unrestricted funds.		 Freehold
property
£
1,563,921
520,000
2,083,921
109,887
32,206
142,093
1,941,828
1,454,034

Page 19

CENTRAL HARDSHIP AND RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

12. Debtors

Due after more than one year
Loans made to beneficiaries
Due within one year
Loans made to beneficiaries
Loans to charitable Trusts
Prepayments and accrued income		 2025
£
1,532,644
2025
£
164,286
339,011
3,803
507,100		 2024
£
1,726,603
2024
£
331,391
308,466
2,395
642,252

These are all held in unrestricted funds.

13. Creditors: Amounts falling due within one year

Other loans
Other creditors
Accruals and deferred income		 2025
£
-
54,218
23,401
77,619		 2024
£
366,521
459,458
69,740
895,719

These are all held in unrestricted funds.

Page 20

CENTRAL HARDSHIP AND RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

14. Statement of funds

Statement of funds - current year
Unrestricted funds
General Fund
Restricted funds
Jamaica
Total of funds		 Balance at 1
July 2024
£
3,557,292
Balance at 1
July 2024
£
28,933
3,586,225		 Income
£
2,861,711
Income
£
-
2,861,711		 Expenditure
£
(1,940,170)
Expenditure
£
(18,566)
(1,958,736)		 Balance at
30 June
2025
£
4,478,833
Balance at
30 June
2025
£
10,367
4,489,200

Page 21

CENTRAL HARDSHIP AND RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

14. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Fund
Restricted funds
Jamaica
Total of funds		 Balance at
1 July 2023
£
3,752,341
28,933
3,781,274		 Income
£
1,587,839
-
1,587,839		 Expenditure
£
(1,782,888)
-
(1,782,888)		 Balance at
30 June
2024
£
3,557,292
28,933
3,586,225

The Jamaican Fund represents donations received from all over the world to assist with the charitable needs in Jamaica.

15. Summary of funds

Summary of funds - current year


General funds
Restricted funds		 Balance at 1
July 2024
£
3,557,292
28,933
3,586,225		 Income
£
2,861,711
-
2,861,711		 Expenditure
£
(1,940,170)
(18,566)
(1,958,736)		 Balance at
30 June
2025
£
4,478,833
10,367
4,489,200

Page 22

CENTRAL HARDSHIP AND RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

15. Summary of funds (continued)

Summary of funds - prior year

General funds
Restricted funds		 Balance at
1 July 2023
£
3,752,341
28,933
3,781,274		 Income
£
1,587,839
-
1,587,839		 Expenditure
£
(1,782,888)
-
(1,782,888)		 Balance at
30 June
2024
£
3,557,292
28,933
3,586,225

16. Analysis of net assets between funds Analysis of net assets between funds - current year

Unrestricted
funds
2025
£
Tangible fixed assets
1,941,828
Debtors due after more than one year
1,532,644
Current assets
1,086,494
Creditors due within one year
(82,133)
Total
4,478,833
Analysis of net assets between funds - prior year
Unrestricted
funds
2024
£
Tangible fixed assets
1,454,034
Debtors due after more than one year
1,726,603
Current assets
1,272,375
Creditors due within one year
(895,719)
Total
3,557,293		 Restricted
funds
2025
£
-
-
10,367
-
10,367
Restricted
funds
2024
£
-
-
28,933
-
28,933		 Total
funds
2025
£
1,941,828
1,532,644
1,096,861
(82,133)
4,489,200
Total
funds
2024
£
1,454,034
1,726,603
1,301,308
(895,719)
3,586,226

Page 23

CENTRAL HARDSHIP AND RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

17. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the year (as per Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Dividends, interests and rents from investments
Loss/(profit) on the sale of fixed assets
Decrease in debtors
Increase/(decrease) in creditors
Net cash provided by operating activities
18.
Analysis of cash and cash equivalents
Cash in hand
19.
Analysis of changes in net debt		 2025
£
902,975
32,206
(4,654)
-
329,111
(818,100)
441,538
2025
£
585,247		 2024
£
(195,049)
(30,510)
(7,612)
145
20,389
413,036
200,399
2024
£
659,055
Cash at bank and in hand
Debt due within 1 year		 At 1 July
2024
£
659,056
(366,521)
292,535		 Cash flows
£
(73,809)
366,521
292,712		 At 30 June
2025
£
585,247
-
585,247

20. Contingent liabilities

There were no contingent liabilities or commitments at the end of the year (2024: None).

Page 24

CENTRAL HARDSHIP AND RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

21. Related party transactions

Loans and grants to related parties are on the same terms as those to unconnected parties.

22. Controlling Party

The Charity was under the control of the Trustees during the year.

Page 25

Issuer

Issuer Shaw Gibbs Document generated Fri, 17th Apr 2026 10:01:19 BST Document fingerprint b1243d7289de7b5cc46a1afdff3bf0ea

Parties involved with this document

Document processed Party + Fingerprint Fri, 17th Apr 2026 11:08:34 BST Simon Rich - Signer (3624ac5d0768e252af9459d4ce428b7b) Sun, 19th Apr 2026 9:52:08 BST Mark Dickinson - Signer (30d8375ce321e4f46529536e247309b9) Sun, 19th Apr 2026 9:52:08 BST Lois Glanfield - Copied In (064d581bdaf593acd3f586ad8a0f1a11)

Audit history log

Date Action Fri, 17th Apr 2026 10:01:19 BST Envelope generated by Stacey White (217.67.52.119) Fri, 17th Apr 2026 10:01:19 BST Document generated with fingerprint b1243d7289de7b5cc46a1afdff3bf0ea (217.67.52.119) Fri, 17th Apr 2026 10:01:19 BST Document generated with fingerprint 8211a9327350d7379f4c4feffd7c220c (217.67.52.119) Fri, 17th Apr 2026 10:01:19 BST Document generated with fingerprint 5d7c44f1e28addad676e53b87b6e4755 (217.67.52.119) Fri, 17th Apr 2026 10:01:19 BST Document generated with fingerprint ab4daaf3b530a8e144ed14693725bdec (217.67.52.119) Fri, 17th Apr 2026 10:08:14 BST Sent the envelope to Simon Rich (simon.rich@chart.eu.com) for signing (217.67.52.119) Fri, 17th Apr 2026 10:08:15 BST Document emailed to simon.rich@chart.eu.com Fri, 17th Apr 2026 11:05:50 BST Simon Rich viewed the envelope (86.53.173.154) Fri, 17th Apr 2026 11:08:34 BST Simon Rich signed the envelope (86.53.173.154) Fri, 17th Apr 2026 11:08:35 BST Sent the envelope to Mark Dickinson (mark.dickinson@shawgibbs.com) for signing (86.53.173.154) Fri, 17th Apr 2026 11:08:35 BST Document emailed to mark.dickinson@shawgibbs.com Fri, 17th Apr 2026 11:08:41 BST Mark Dickinson opened the document email. (85.210.240.79) Sat, 18th Apr 2026 13:13:20 BST Mark Dickinson opened the document email. (104.28.40.142) Sun, 19th Apr 2026 9:51:44 BST Mark Dickinson viewed the envelope (51.148.114.21) Sun, 19th Apr 2026 9:51:59 BST Mark Dickinson viewed the envelope (85.210.241.14)

Sun, 19th Apr 2026 9:52:08 BST Mark Dickinson signed the envelope (51.148.114.21) Sun, 19th Apr 2026 9:52:08 BST Sent the envelope to Lois Glanfield (accounts@chart.eu.com) for signing (51.148.114.21) Sun, 19th Apr 2026 9:52:08 BST This envelope has been signed by all parties (51.148.114.21) Sun, 19th Apr 2026 9:52:08 BST Signed document confirmation emailed to simon.rich@chart.eu.com (51.148.114.21) Sun, 19th Apr 2026 9:52:08 BST Signed document confirmation emailed to mark.dickinson@shawgibbs.com (51.148.114.21) Sun, 19th Apr 2026 9:52:08 BST Signed document confirmation emailed to accounts@chart.eu.com (51.148.114.21) Sun, 19th Apr 2026 9:52:08 BST Signed document confirmation emails have been sent to all parties. Document URL: https://api.signable.app/shareable/envelope?t=7b441e77-5555-4800-9b41-f df89694f19b (51.148.114.21) Sun, 19th Apr 2026 9:52:09 BST Document emailed to accounts@chart.eu.com