Charity number: 802022 WH & A Hawkins Charitable Trust Unaudited Trustees' report and financial statements For the year ended 31 March 2025 WH & A Hawkins Charitable Trust Contents Reference and administrative details of the Charity, its Trustees and advisers Trustees' report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements Page 1 2-4 5-6 7 8 9 - 16 WH & A Hawkins Charitable Trust Reference and administrative details of the Charity, its Trustees and advisers For the year ended 31 March 2025 Trustees MH Vaughan, Trustee R I McGregor, Trustee SJ C Ratcliffe, Trustee DH Berry, Trustee Charity registered number Principal office Bankers Solicitors Independent Examiner 802022 Kreston Reeves LLP 37 St Margaret's Street Canterbury Kent CT1 2TU HSBC Bank plo 1/5 Week Street Maidstone Kent ME14 1QW Whitehead Monckton Limited 5 Eclipse Park Sittingbourne Road Maidstone Kent ME14 3EN SM Rouse FCCA DChA 37 St Margaret's Street Canterbury CT1 2TU Page 1 WH & A Hawkins Charitable Trust Trustees' report For the year ended 31 March 2025 The Trustees present their annual report together with the financial statements of the Charity for the year 1 April 2024 to 31 March 2025. Objectives and activities a. Policies and objectives The Charity was established by William Henry Hawkins and Annette Hawkins to provide a source of funding for other charitable institutions. 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-profit making organisations which meet the Trustees' criteria for support. In doing so they 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's armed forces - The environment - Children and young people The Trustees aim to favour organisations within the locality of Hartlip near Sittingbourne along with others operating to support the people of Kent. In addition the Charity makes donations to a number of prominent national charities. Achievements and performance a. Review of activities particular the county of Kent, is such so as to demonstrate compliance with the public benefit obligations of the charity. the year. Note 4 to the financial statements provides details of those organisations that the Charity has supported during b. Investment policy and performance The Charity's funds are invested in a range of blue chip investments with the 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 (continued) For the year ended 31 March 2025 Financial review a. Going concern The Trustees are aware of the uncertainty facing the Charity's investments due to the market volatility caused by geo-political issues. 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-term focus of the professionally managed charity funds, in which the Charity's investments are held, will minimise the impact on the Charity. accounting policies below. b. Reserves policy The Trustees broadly aim to 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 Charity's 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 2025 was £3,459,150 (2024: £3,288,818) which is regarded as free reserves. It is the Trustees' intention 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 to appeals for significant support where appropriate, the timing of which is unpredictable. c. Principal funding The Charity is reliant on its investment income to ensure it can maintain the current level of charitable donations made without need to reduce the level of capital retained by the Charity. The Charity does not undertake any fundraising activity. Structure, governance and management a. Constitution The Charity's governing document is the Trust deed dated 29 January 1989 together with subsequent amendments. b. Methods of appointment or election 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. Organisational structure and decision-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 Charitable Trust Trustees' report (continued) For the year ended 31 March 2025 Structure, governance and management (continued) d. Financial risk 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 mitigate exposure to the major risks. Plans for future periods The Trustees hope to continue making grants at a similar level to local and national charities to aid their work. 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 The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial 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: select suitable accounting policies and then apply them consistently; observe the methods and principles of the Charities SORP (FRS 102); make judgments and accounting estimates that are reasonable and prudent; • 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 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. Approved bylorder of the members of the board of Trustees and signed on their behalf by: Sands D H Berry Trustee Page 4 ## **WH & A Hawkins Charitable Trust** ## **Independent examiner's report** ## **For the year ended 31 March 2025** ## **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 2025. ## **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. ## **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: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. 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 confirm 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. Page 5 **WH & A Hawkins Charitable Trust** ## **Independent examiner's report (continued) For the year ended 31 March 2025** ## **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: S M Rouse Dated: 3 October 2025 Samantha Rouse FCCA DChA Kreston Reeves LLP Chartered Accountants Page 6 WH & A Hawkins Charitable Trust Statement of financial activities For the year ended 31 March 2025 Income from: Investments Total income Expenditure on: Charitable activities Total expenditure Net gains on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward Note Unrestricted funds 2025 € 3 164,572 164,572 113,721 113,721 119,481 170,332 3,288,818 170,332 3,459,150 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 9 to 16 form part of these financial statements. Total funds 2025 Total funds 2024 164,572 164,572 113,721 113,721 119,481 170,332 3,288,818 170,332 3,459,150 152,836 152,836 109,733 109,733 35,066 78,169 3,210,649 78,169 3,288,818 Page 7 WH & A Hawkins Charitable Trust Balance sheet As at 31 March 2025 2025 Note 2024 Fixed assets Investments Current assets Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year Net current assets Total net assets 3,322,108 3,322,108 3,159,705 3,159,705 143,722 143,722 132,713 132,713 8 (6,680) (3,600) 137,042 3,459,150 129,113 3,288,818 Charity funds Restricted funds Unrestricted funds Total funds 10 10 3,450,150 3,459,150 - 3,288,818 3,288,818 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: DH Berry Trustee Date: 30002r 2025 The notes on pages 9 to 16 form part of these financial statements. Page 8 WH & A Hawkins Charitable Trust Notes to the financial statements For the year ended 31 March 2025 1. 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. 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. WH & A Hawkins Charitable 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 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 Going 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 to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements. 2.4 Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction value and subsequently measured at fair value at the balance sheet date using the closing quoted market price. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading 'net gains/ (losses) on investments' in the statement of financial activities. Investment valuations are obtained by Trustees from the information provided by the investment managers. The Trustees utilise closing quoted market price information available at the balance sheet date. Page 9 WH & A Hawkins Charitable Trust Notes to the financial statements For the year ended 31 March 2025 2. Accounting policies (continued) 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 time the investment income is receivable. 2.6 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.7 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. 2.8 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 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. Page 10 WH & A Hawkins Charitable Trust Notes to the financial statements For the year ended 31 March 2025 2. Accounting 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 settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 3. Investment income Investment income - listed investments Bank interest received Unrestricted funds 2025 161,075 3,497 164,572 Total funds 2025 f 161,075 3,497 164,572 Total funds 2024 149,830 3,006 152,836 Page 11 WH & A Hawkins Charitable Trust Notes to the financial statements For the year ended 31 March 2025 4. Grants payable During the year the Charity made the following significant unrestricted grants: Alzheimer's Society Blackthorn Trust British Hedgehog Preservation Society CXK Limited Demelza House Fifth Trust Hartlip Parochial Church Council Heart of Kent Hospice Kent Association for the Blind Kent Surrey Sussex Air Ambulance Kent Wildlife Trust Pilgrims Hospice Princes Trust Fairbridge Ro Ro Sailing Club Royal British Legion Salvation Army SSAFA We are Beams Wisdom Hospice Young Lives Foundation Other Grants of £1000 or less 2025 € 5,000 2,000 3,000 4,000 10,000 5,000 5,000 1,500 5,000 8,000 4,000 2,500 5,000 5,000 2,000 2,000 5,000 2,000 3,000 2,500 10,000 4,000 13,000 108,500 5. Governance costs Accountancy costs Bank charges Computer costs 2025 5,000 65 156 5,221 2024 € 4,800 65 118 4,983 Iccountancy fees comprise of £1,110 in respect of the independent examination of the financia tatements and £3,890 in respect of other services providec Page 12 WH & A Hawkins Charitable Trust Notes to the financial statements For the year ended 31 March 2025 6. Trustees' remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2024 - £NIL). During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL). Fixed asset investments Listed investments Cost or valuation At 1 April 2024 Additions Revaluations At 31 March 2025 3,159,705 42,922 119,481 3,322,108 Net book value At 31 March 2025 At 31 March 2024 3,322,108 3,159,705 2024 Material investments M&G Charifund Accumulation M&G Charifund Equity M&G Charibond Fixed Interest SUTL Cazenove Charity Equity Value Fund Z Income SUTL Cazenove Charity Sustainable Multi-Asset Fund Z Income SUTL Cazenove Charity Equity Income Fund Z Income 2026 814,290 668,547 293,007 964,415 581,849 3,322,108 735,270 641,150 300,322 693,782 599,253 189,928 3,159,705 Creditors: Amounts falling due within one year Accruals 2025 6,680 2024 3,600 Page 13 WH & A Hawkins Charitable Trust Notes to the financial statements For the year ended 31 March 2025 Financial instruments Financial assets Financial assets measured at fair value through income and expenditure 2025 € 3,322,108 2024 3,159,705 Financial assets measured at fair value comprise listed investments. These have been measured at the year end price as quoted by the investment manager. 10. Statement of funds Statement of funds - current year Balance at 1 April 2024 Unrestricted funds Capital fund Income fund 3,173,605 115,213 3,288,818 Income Expenditure (Losses) Balance at 31 March 2025 164,572 164,572 (113,721) (113,721) 119,481 119,481 3,293,086 166,064 3,459,150 Statement of funds - prior year Balance at 1 April 2023 Unrestricted funds Capital fund Income fund 3,138,539 72,110 3,210,649 Income Expenditure 152,336 152,836 (109,733) (109,733) Gains/ (Losses) Balance at 31 March 2024 35,066 - 35,066 3,173,605 115,213 3,288,818 Page 14 WH & A Hawkins Charitable Trust Notes to the financial statements For the year ended 31 March 2025 11. Summary of funds Summary of funds - current year Balance at 1 April 2024 € 3,288,818 Income Expenditure 164,572 (113,721) Gains/ (Losses) 119,481 General funds Summary of funds - prior year General funds Balance at 1 April 2023 3,210,649 Income Expenditure 152,836 (109,733) Gains/ (Losses) 35,066 12. Analysis of net assets between funds Analysis of net assets between funds - current year Fixed asset investments Current assets Creditors due within one year Total Unrestricted funds 2025 3,322,108 143,722 (6,680) 3,459,150 Analysis of net assets between funds - prior year Fixed asset investments Current assets Creditors due within one year Total Unrestricted funds 2024 3, 159,705 132,713 (3,600) 3,288,818 Page 15 Balance at 31 March 2025 € 3,459,150 Balance at 31 March 2024 € 3,288,818 Total funds 2025 3,322,108 143,722 (6,680) 3,459,150 Total funds 2024 3,159,705 132,713 (3,600) 3,288,818 WH & A Hawkins Charitable Trust Notes to the financial statements For the year ended 31 March 2025 13. Related party transactions The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 March 2025. 14. Controlling party The Charity is controlled by the Trustees as outlined in the Trust Deed. Page 16