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| GENERALINFORMATIONANDREPORTOFTHETRUSTEES | |
| FORTHEYEARENDED30THSEPTEMBER2025 | |
| FinancialReport(cont) | TheTrusteesapplied£69,995.75(2024£208,730.00)inmakingdonations. |
| NofuturecommitmentswereagreedbytheTrustees. | |
| ReservesPolicy | ItisthepolicyoftheTrusteestodistributetheincomeoftheTrustintheformofgrants |
| ordonations. Itisanticipatedthatanysurplusincomeatthecloseoftheaccount |
|
| wouldbedistributedinthefollowingyeardependentuponsuitableorganisations | |
| withintheobjectivesoftheTrustbeingidentifiedtotheTrustees. | |
| TheTrusteestotalfundsof£10,925.84(2024£84,409.62)areallunrestricted. | |
| RiskManagement | TheTrusteeshaveassessedthemajorriskstowhichthecharityisexposed,inparticular |
| thoserelatedtotheoperationsandfinancesoftheTrustandaresatisfiedthatsystems | |
| areinplacetomitigateourexposuretothemajorrisks. | |
| AstheTrustreliesonvoluntarydonationstomakemeaningfuldonationsfromtheTrust | |
| Funds,theprincipalriskfacedbytheTrustliesinthereceiptofdonations. | |
| GoingConcern | TheTrusteeshavenomaterialuncertaintiesastotheTrust'sabilitytocontinueasa |
| goingconcern. | |
| Structure,Governance& | Management |
| FoundingDocument | DeedofTrustbyAndrewJohnHibbert andMrsChrystineMayHibbertdated |
| 30thAugust2007andregisteredintheBooksofCouncilandSessionon | |
| 9thJanuary2008. | |
| AppointmentofNewTrusteesReservedtoChrystineMayHibbertduringherlifetimeandforsolongassheretains | |
| sufficientcapacitytoexercisethepower. | |
| Training | TurcanConnell,aslegaladviserstotheFoundation,keeptheTrusteesappraisedofthe |
| legalandregulatoryrequirementsandhaveinformedthemoftheirdutiesasTrustees. | |
| Decisionmaking | AllTrusteesareactivelyinvolvedinthedecisionmakingprocess. |
| TheTrustees,themselves,willidentifysuitablecharitablecauses.Nodirectrequests | |
| forfundingarethereforeencouraged. | |
| RelatedParties | None(2024TheTrustee,AndrewJohnHibbert,madedonationsofinvestmentstotheTrust |
| tothevalueof£171,271.55). | |
| Employees | TheTrusthasnoemployees(2024None).TheTrusteeshaveengagedTurcanConnell |
| toundertaketheadministrationoftheTrustremunerationforwhichisrecordedinthe | |
| financialstatements. | |
| Management | AllTrusteesareactiveinthemanagementoftheTrust. |
| Aims | TheFoundationisintendedtobeageneralgrant-makingTrust,setupwithbroad |
| charitablepurposesand,atleastinitially,thecauseswhichtheTrusteeswillchoose | |
| tosupportwillnotfocusonanyonespecificareaorgroup. |
| 2025 | 2024 | ||
|---|---|---|---|
| Notes | Total | Total | |
| £ | £ | ||
| Incomeandendowmentsfrom: | |||
| Donations | 3 | - | 171,271.55 |
| Income | A | 2,492.97 | 2,820.06 |
| Total | 2,492.97 | 174,091.61 | |
| Expenditureon: | |||
| Charitableactivities | |||
| Grantsanddonations | 5 | (69,995.75) | (208,730.00) |
| Supportandgovernancecosts | 6 | (5,981.00) | (6,483.00) |
| Total | (75,976.75) | (215,213.00) | |
| Netexpenditure | (73,483.78) | (41,121.39) | |
| Netgainsoninvestments | - | 3,839.82 | |
| Netexpenditureandmovementinfunds | (73,483.78) | (37,281.57) | |
| Reconciliationoffunds | |||
| Totalfundsbroughtforward | 84,409.62 | 121,691.19 | |
| Totalfundscarriedforward | 10,925.84 | 84,409.62 | |
| Thenotesonpages9to11formpartofthesefinancialstatements. |
| g) | Fundsstructure | ||
|---|---|---|---|
| Allfundsareunrestrictedandcanbeusedinaccordancewiththecharitable | objectivesofthecharity. | ||
| 2 | Creditors | 2025 | 2024 |
| £ | £ | ||
| Amountsduewithintwelvemonths | |||
| CT,IndependentExaminationFee | 1,236.00 | 1,164.00 | |
| TurcanConnell,LegalandAccountingFee | 4,362.20 | 600.00 | |
| ActionTutoring | 60,000.00 | 60,000.00 | |
| 62,598.20 | 61,764.00 | ||
| Amountsdueaftermorethantwelvemonths | |||
| ActionTutoring | - | 60,000.00 | |
| - | 60,000.00 | ||
| TotalCreditors | 62,598.20 | 121,764.00 | |
| 3 | DonationsandLegacies | 2025 | 2024 |
| £ | £ | ||
| VoluntaryDonations | |||
| AndrewJohnHibbert(investmentsgiftedintotrust) | - | 171,271.55 | |
| - | 171,271.55 | ||
| 4 | Income | 2025 | 2024 |
| £ | £ | ||
| Interest | |||
| Depositaccountinterest | 2,492.97 | 2,820.06 | |
| 2,492.97 | 2,820.06 | ||
| 5 | CharitableActivities | 2025 | 2024 |
| £ | £ | ||
| GrantsandDonations | |||
| SladeGardensCommunityPlayAssociation | 19,305.75 | 18,730.00 | |
| MarieCurieCancerCare | - | 10,000.00 | |
| ActionTutoring-2ndinstalment | 60,000.00 | 60,000.00 | |
| UniversityofBristol | 50,690.00 | - | |
| 129,995.75 | 88,730.00 | ||
| lesscommittedinpreviousyear | (60,000.00) | - | |
| AddNewFutureCommitments | |||
| ActionTutoring-2ndinstalmentdueMarch2025 | - | 60,000.00 | |
| ActionTutoring-3rdandfinalinstalment dueMarch2026 | - | 60,000.00 | |
| 69,995.75 | 208,730.00 |
| CommitmentsatcloseoflastAccount | |||
|---|---|---|---|
| ActionTutoring-2ndinstalment | 60,000.00 | - | |
| ActionTutoring-3rdandfinalinstalment | 60,000.00 | - | |
| lesspaidinyear | |||
| ActionTutoring-2ndinstalment | (60,000.00) | - | |
| 60,000.00 | |||
| ActionTutoring-2ndinstalment | - | 60,000.00 | |
| ActionTutoring-3rdandfinalinstalment | - | 60,000.00 | |
| 60,000.00 | 120,000.00 | ||
| HeldThus | |||
| ActionTutoring-3rdandfinalinstalmentdueMarch2026 | 60,000.00 | 60,000.00 | |
| - | 60,000.00 | ||
| 60,000.00 | 120,000.00 | ||
| Supportandgovernancecosts | 2025 | 2024 | |
| £ | £ | ||
| Supportcosts | |||
| Administration | 3,318.14 | 3,645.18 | |
| Othersupportcosts | 4.80 | 3,322.94 | 9.60 |
| Governance | |||
| Accounting | 1,422.06 | 1,562.22 | |
| Independentexamination | 1,236.00 | 2,658.06 | 1,266.00 |
| 5,981.00 | 6,483.00 | ||
| Investments | 2025 | 2024 | |
| £ | £ | ||
| Add | |||
| GiftsintoTrust | - | 171,271.55 | |
| - | 171,271.55 | ||
| Less | |||
| Sales | - | (175,111.37) | |
| - | (3,839.82) | ||
| Netrealisedgains | - | 3,839,82 |