Charity number: 802022 WH & A Hawkins Charitable Trust Unaudited Trustees. report and financial statements For the year ended 31 March 2024
WH & A Hawkins Charitable Trust Contents Page Reference and administralive detalls of the Charlty, Its Trust88s and advlsers Trustees, report Independent examlnor's report Statement of flnanclal actlvltles Balance sheet Notes to the financlal statements 10-17
WH & A Hawkins Charitable Trust Reference and administrative details of the Charity. its Trustees and advisers For the year ended 31 March 2024 Trustees M H Vaughan, Trustee R l McGregor, Trustee S J C Ratcliffe, Trustee D H Berry, Trustee Charlty reglstered number 802022 Principal office Kreston Reeves LLP 37 St Margaret's Street Canterbury Kent CT12TU Bankers HSBC Bank plc 115 Week Street Maidstone Kent ME14 1QW Sollcltors Whitehead Monckton Limited 5 Eclipse Park Siltingbourne Road Maidstone Kent ME14 3EN Page 1
WH & A Hawkins Charltable Trust Trustees, report For the year ended 31 March 2024 The Trustees present their annual report together with the financial statements of the Charity for the year 1 April 2023 to 31 March 2024. Objectlves and activities a. Pollcles and objectlves The Charity was established by William Henry Hawkins and Annette Hawkins to provide a source of funding for other charitable institulions. Under the terms of the deed, Trustees have absolute discretion to make donations to such charitable organisations that they see fit. The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities and setting the grant making policy for the year. The Charity carries out these objects by funding charitable and other non-profrt making organisations which meet the Trustees. criteria for support. In doing so Ihey principally support charities working in the following fields, although support is not restricted to these areas.. Health and medical research Hospices Support for the UK'$ armed forces The environment Children and young people The Trustees aim to favour organisations within the locality of Hartlip near Sittin9bourne along with others operating lo support the people of Kent. In addition the Charity makes donalions lo a number of prominent national charities. In setting objectives and planning for activities, the Trustees have given due consideialion to general guidance published by the Charity Commission relating lo public benefit. including the guidance 'Public benefrt.- running a charity (PB2)'. Achlevements and perforniance a. Revlew of actlvltles During the year the Charitable Trust made unrestricted grants to 34 charities and other not for profit organisations with various purposes in lin8 with Trustees, objectives detailed above. These were to both national and local charities. The Trustees are confident that their grantmaking policy of supporting a wide range of charitable and other non-profit making causes which seek to make a posilive contribution to society, and in particular the county of Kent, is such so as to demonstrate compliance with the public benefit obligations of the charity. Note 4 to the fi'nancial statements provides details of those organisations that the Charity has supported during the year. b. Investment policy and perfornianco The Charrtvs funds are invested in a range of blue chip investments with Ihe aim of minimising financial risk whilst at the same time achieving a desired rate of return. Investment performance is reviewed regularly by the Trustees. This has been achieved through investment via professionally managed charity funds. Page 2
WH & A Hawkins Charitable Trust Trustees. report {continuedl For the year ended 31 March 2024 Flnancial review a. Golng concern The Trustees are aware the Charitrfs investments due to the market volalility caused by geowpolitical issues including the wars in the Ukraine and the Middle Easl and the upcomig US election. At this stage it is unclear how long the uncertain outlook for the global economy will last. However, the Trustees are confident that the long-tem focus of the professionally managed charity funds, in which the Charity's investments are held, will minimise the impact on the Charity. The Trustees have a reasonable expectation thal the Charity has adequate resources to continue in operational existence for the foreseeable fulure. 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 below. b. Reserves policy The Trustees broadly aim lo match the level of donations made to the amount of investment income receivable each year, whilst maintaining the value of investments under their control such that the Charity will be able to continue to make a constant level of donations each year for the foreseeable future. The Charitls committed obligations are minimal, and has sufficient funds to be able to meet these without affecting the amount of charitable donations it is able to make. The balance held as unrestricted funds at 31 March 2024 was £3,288,818 (2023.. £3,210,649) which is regarded as free reservès. It is the Trustees. inlention to reserve a small balance of income, partly to offset the possible fall in investment income, and to enable them to continue their policy of responding lo appeals for signrficant support where appropriale, the timing of which is unpredictable. c. Principal funding The Charity is relianl on its investment income to ensure it can maintain the currenl level of charitable donations made without need to reduce the level of capital retained by the Charity. The Charrty does not undertake any fundraising activity. Structure, governance and management a. Constltution The Charity's governing documenl is the Trust deed dated 29 January 1989 together with subsequent amendments. b. Methods of appolntment or electlon of Trustees The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. c. Organlsatlonal structure and declslon-making policies The Trustees hold meetings three times a year, or more often as necessary. to agree on the donations to be made during the period and to review investment performance. Decisions are made jointly by all Trustees. Page 3
WH & A Hawkins Charltable Trust Trustees. report Icontinued} For the year ended 31 March 2024 Structure, governance and management (continued) d. Financlal rlsk management The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mrtigate exposure to the major risks. Plans for future perSods The Trustees hope to continue making grants at a similar level to local and national Charities lo aid their work. statement of Twstees. responslbllltles The Trustees are responsible for preparing the Trustees, report and the financial slatements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable lo charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the Charily and of its incoming resources and application of resources, including its Income and expenditure, for that period. In preparing these financial slatements, the Trustees are required to.. 8ele¢t suitable accounting policies and then apply them consistently., observe the method5 and principles of the Charities SORP (FRS 1021., make judgments and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards IFRS 1021 have been followed. subjecl to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain Ihe Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them lo 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. App ved b order of the members of the board of Trustees and signed on their behalf by: DHBerry Trustee Date. Ili( 2& Page 4
WH & A Hawkins Charitable Trust
Independent examiner's report
For the year ended 31 March 2024
Independent examiner's report to the Trustees of WH & A Hawkins Charitable Trust ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2024.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
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WH & A Hawkins Charitable Trust
Independent examiner's report (continued) For the year ended 31 March 2024
Independent examiner's statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) 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.
I understand that 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.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Disclosure section
During the year Kreston Reeves LLP has provided bookkeeping services to the Charity. As a consequence of the provision of these services your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I can conirm that in completing my examination I have applied the requirements of the Financial Reporting Council's Ethical Standard in order to ensure my objectivity and independence.
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WH & A Hawkins Charitable Trust
Independent examiner's report (continued) For the year ended 31 March 2024
Use of my 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. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 18 September 2024
Samantha Rouse FCCA DChA
Kreston Reeves LLP Chartered Accountants
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WH & A Hawkins Charitable Trust Statement of financial activities For the year ended 31 March 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Investments 152,836 152,836 140,096 Total income 152,836 1 $2,836 140,096 Expenditure on: Charitable activities 109,733 109,733 141,675 Total expendlture 109,733 109,733 141,675 Net gainsl(losses} on investments 35,066 35,066 {167,811) Net movement In funds 78,169 78,169 1169.390} Reconclllatlon of funds: Total funds brought forward Net movement in funds 3,210,649 78,169 3,210,649 78,169 3,380,039 1169,390) Total funds carrled forward 3,288,818 3,288,818 3,210.649 The Slatemenl of financial activities includes all gains and losses iecognised in the year. The notes on pages 10 to 17 form part of these financial statements. Page 8
WH & A Hawkins Charitable Trust Balance sheet As at 31 March 2024 2024 2023 Note Flxed assets Investment5 3,159,705 3,086,096 3,169,705 3,086,096 Current assets Cash al bank and in hand 132,713 126,153 132,713 126,153 Creditors.. amounts falling due within one year (3,6001 (1,600) Net current assets 129,113 124,553 Total net assets 3,288,818 3,210,649 Charlty funds Restricted funds Unrestricted funds 10 3,288,818 3,210,649 Total funds 3,288,818 3,210,649 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. DHBerry Trustee The notes on pages 10 lo 17 fomi part of these financial statemenls. Page 9
WH & A Hawkins Charitable Trust Notes to the financial statements For the year ended 31 March 2024 General Information WH & A Hawkins Charitable Trust is an unincorporated Charity operating in England and Wales. The address of the registered office is 37 St. Margaret's Street, Canterbury, Kent, CT1 2TU. Details of the principal activities are included in the Trustees ' Report. Accountlng pollcles 2.1 Basis of preparatlon of flnancial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 1021 Accounting and Reporting by Charities.. Statement of Recommended PractlC8 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (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 IFRS 1021 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. WH & A Hawkins Charitable Trust meets the definition of a public benefit entity under FRS 102. Assels and liabilities are initially recognised at historical cost or transaction value unless otheise staled in the relevant accounting policy. 2.2 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. Investment income, gains and losses are allocated to the appropriate fund. 2.3 Golng concern The Trustees consider whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Charity has adequate resources lo continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity's ability to c tinue as a going concern, Ihus they continue to adopt the going concern basis of accounting in pre aring the financial slatements. 2.4 Investments Fixed asset investments are a form of financial instrL5ment and are initially recognised at their transaction value and subsequently measured at fair value at the balance sheet dale using the closing quoted market price. Investment gains and losses. whether realised or unrealised. are combined and shown in the heading 'net gainsl (losses) on investments, in the statement of financial activities. Investment valuations are obtained by Trustees from the infomation provided by the investment managers. The Trustees utilise closing quoted market price infomiation available at the balance sheet date. Page 10
WH & A Hawklns Charitable Trust Notes to the flnanclal statements For the year ended 31 March 2024 Accounting policies Icontlnuedl 2.5 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. Income tax recoverable in relation to investment income is recognised at the tim8 the investment income is receivable. 2.6 Interest recelvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity., this is normally upon notificalion of th8 interest paid or payable by the institution with whom the funds are deposited. 2.7 Expendlture 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 altributable to a single activity are allocated directly to that activity. Shared costs which conlribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen 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 excepl in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attachin9 are fulfilled. Grants offered Subject to conditions which have not been met at the year end are noted as a commilment, but not accrued a5 expenditure. All expenditure is inclusive of irrecoverable VAT. 2.8 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. 2.9 Liabllftles and provlslons Liabilities are recognised when there is an obligation al the Balance sheet dale as a result of a past event, il is probable thal 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 Ihe Charily anticipales it will pay lo settle the debt or the amount it has received as advanced payments for the goods 01 services it must provide. Provisions are measured at the best estimate of Ihe 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 Stalement of financial activrties as a finance cost. Page11
WH & A Hawkins Charitable Trust Notes to the financial statements For the year ended 31 March 2024 Accountlng policies (continued 2.10 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 seltlement value wilh the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Investment incom• Unrestrlcted funds 2024 Total funds 2024 Total funds 2023 Investment income- listed investments Bank interest received 149,830 3,006 149,830 3,006 138,572 1,524 152,836 152,836 140,096 Pa9e 12
WH & A Hawklns Charitable Trust Notes to the financial statements For the year ended 31 March 2024 Grants payable During the year the Charity made the following significant unreslricted grants.. 2024 Alzheimer's Society Blackthorn Trust Britlsh Hedgehog Preservation Society CXK Limited Demelza House Ellenor Fifth Trust Hartlip Parochial Church Council Hartlip Methodist Church Heart of Kent Hospice Kent Association for the Blind Kent Surrey Suss8x Air Ambulance Kent Wildlife Trust MS Trust Pilgrims Hospice Princes Trust Fairbridge Royal British Legion SSAFA We are Beams Wisdom Hospice Young Lives Foundation Other Grants of £1000 or less 5,000 2,000 3,000 4,000 10,000 5,000 1,$00 5,000 2,000 8,000 4,000 2,500 5,000 3,000 5,000 2,000 6,000 3,000 2,500 10,500 4,000 12,750 104,750 Govemance costs 2024 2023 Accountancy costs Bank charges Computer costs 4,800 65 118 4,660 115 4,983 4,775 Accountancy fees comprise of £1.080 in repsect of the independent examination of the financial statements and £3,720 in respect of other services provided. Page 13
WH & A Hawkins Charitabl8 Trust Notes to the financlal statements For the year ended 31 March 2024 Trustees, remuneratlon and expenses During the year, no Trustees received any remuneration or other benefits12023 - £NIL). During the year ended 31 March 2024, no Trustee expenses have been incurred {2023- £NIL). Flxed asset Investments Listed Investments Cost or valuation At 1 April 2023 Additions Revaluations 3,086,096 38,543 35,066 At 31 March 2024 3,159,705 Net book value At 31 March 2024 3,169,705 At 31 March 2023 3,086,096 2024 2023 Material Investments M&G Charifund Accumulation M&G Charifund Equity M&G Charibond Fixed Interest SUTL Cazenove Charity Bond Z Income SUTL Cazenove Charity Equity Value Fund Z Income SUTL Cazenove Charity Sustainable Mulli-Asset Fund Z Income SUTL Cazenove Charity Equity Income Fund Z Income 735,270 641,150 300,322 704,963 653,078 299,125 45,872 672,849 524,254 185,955 693,782 599,253 189,928 3,159,705 3,086,096 Creditors: Amounts falling due within one year 2024 2023 Accruals 3,600 1,600 Page 14
WH & A Hawklns Charitsbl8 Trust Notes to the financial statements For the year ended 31 March 2024 Financial instruments 2024 2023 Flnancial assets Financial assets measured at fair value through income and expenditure 3,1 $9,705 3,086,096 Financial assets measured at fair value through comprise listed investments. These have been measured at the year end price as quoted bythe investment manager. 10. Statement of funds Statement of funds - current year Balance at 31 March 2024 Balance at 1 Aprll 2023 Galnsl (Losses) Income Expendltur• Unrestrlcted funds Capital fund Income fund 3,138,539 72,110 35,066 3,173,605 115,213 152,836 1109,733 3,210,649 152,836 1109,733) 35,066 3,288,818 Statement of funds - prlor year Balance at 31 March 2023 Balance at 1 April 2022 Gainsl (Losses) Income Expenditure Unrestrlcted funds Capilal fund Income fund 3,306,350 73.689 (167,811) 3,138,539 72,110 140,096 (141,675) 3.380,039 140,096 (141,675) (167,811) 3,210.649 Page 15
WH & A Hawkins Charitable Trust Notes to the financial statements For the year ended 31 March 2024 11. Summary of funds Summary of funds - current year Balance at 31 March 2024 Balance at 1 Aprll 2023 Gainsl {Losses) Income Expendlture General funds 3,210,649 152,836 1109,733 35,066 3,288,818 Summary of funds - prior year Balance at 31 March 2023 Balance at 1 April 2022 Gainsl {Losses) Income Expenditure General funds 3.380.039 140.096 (141.675} 1167.811) 3.210.649 12. Analysis of net assots betwaan funds Analysls of net assets between funds - current perlod Unrestrlcted funds 2024 Total funds 2024 Fixed asset investments Current assets Creditors due within one year 3,159,705 132,713 (3,600) 3,159,705 132,713 (3,600) Total 3,288.818 3,288,818 Analysls of net assets between funds - prlor perlod Unrestricted funds 2023 Total funds 2023 Fixed asset investments Current assets Creditors due within one year 3,086,096 126,153 (1,600) 3,086,096 126,153 {1 ,600) Total 3,210,649 3.210.649 Page 16
WH & A Hawkins Charltable Trust Notes to the flnanclal statements For the year ended 31 March 2024 13. Related party transactlong The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing belween related parties and the Charity at 31 March 2024. 14. Controlling party The Charity is conlrolled by the Trustees as outlined in the Trust Deed. Page 17