IRIS Accounts Production v25.1.0.734 Other Company accounts True false Pounds 1.8.23 31.7.24 31.7.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true false true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069273792023-07-31069273792024-07-31069273792023-08-012024-07-31069273792022-07-31069273792022-08-012023-07-31069273792023-07-3106927379ns0:CharitableCompanyLimitedByGuarantee2023-08-012024-07-3106927379ns15:PoundSterling2023-08-012024-07-3106927379ns11:FRS1022023-08-012024-07-3106927379ns11:IndependentExaminationCharity2023-08-012024-07-3106927379ns11:SmallCompaniesRegimeForAccounts2023-08-012024-07-3106927379ns11:FullAccounts2023-08-012024-07-3106927379ns11:CharitiesSORP2023-08-012024-07-310692737922023-08-012024-07-3106927379ns16:EnglandWales2023-08-012024-07-3106927379ns11:RegisteredOffice2023-08-012024-07-3106927379ns0:Trustee32023-08-012024-07-3106927379ns0:Trustee22023-08-012024-07-3106927379ns0:Trustee12023-08-012024-07-3106927379ns0:Trustee42023-08-012024-07-3106927379ns0:TotalUnrestrictedFunds2023-08-012024-07-3106927379ns0:TotalRestrictedIncomeFunds2023-08-012024-07-3106927379ns0:Activity82023-08-012024-07-3106927379ns0:TotalUnrestrictedFundsns0:Activity82023-08-012024-07-3106927379ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-08-012024-07-3106927379ns0:Activity82022-08-012023-07-3106927379ns0:Activity102023-08-012024-07-3106927379ns0:TotalUnrestrictedFundsns0:Activity102023-08-012024-07-3106927379ns0:Activity10ns0:TotalRestrictedIncomeFunds2023-08-012024-07-3106927379ns0:Activity102022-08-012023-07-3106927379ns0:TotalUnrestrictedFunds2023-07-3106927379ns0:TotalRestrictedIncomeFunds2023-07-3106927379ns0:TotalUnrestrictedFunds2024-07-3106927379ns0:TotalRestrictedIncomeFunds2024-07-3106927379ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-07-3106927379ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-07-3106927379ns10:WithinOneYear2024-07-3106927379ns10:WithinOneYear2023-07-3106927379ns10:FurnitureFittingsToolsEquipment2023-08-012024-07-310692737932023-08-012024-07-3106927379ns10:FurnitureFittings2023-07-3106927379ns10:FurnitureFittings2023-08-012024-07-3106927379ns10:FurnitureFittings2024-07-3106927379ns10:FurnitureFittings2023-07-3106927379ns10:WithinOneYear2023-08-012024-07-31
REGISTERED COMPANY NUMBER: 06927379 (England and Wales)
REGISTERED CHARITY NUMBER: 1133567














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

THE HAMBLIN TRUST
(A COMPANY LIMITED BY GUARANTEE)

THE HAMBLIN TRUST

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 13

THE HAMBLIN TRUST (REGISTERED NUMBER: 06927379)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2024



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2024. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the Trust are to advance the Christian religion (without regard to denomination) by the teaching, study and application of Christian habits and methods of thought, the propagation of Christian spiritual doctrine, the teaching and study of applied Christian right thinking and the adoption of Christian spiritual values in daily life and to advance the education of the public in Christian philosophy.

Significant activities
The activities of the Trust raise awareness of the importance of Right Thinking in the way we live our lives and through promoting the understanding of the spiritual and practical principles that underpin health and wellbeing. However, given a range of operating difficulties and the continuing financial problems faced by the Trust over the years, the decision was made in October 2021 to sell the physical site, the sale being completed on the 3rd of May 2023. Since that time, the Trust has operated largely online, with occasional public meetings using rented premises.

The Trust has continued its work through the publication and distribution of its magazine, Hamblin Vision, and has promoted a programme of talks and meetings available to both members and the general public, both on site and online.

The Trust has also introduced a new policy of re-publishing Hamblin's original publications, presently out of print, using both physical and e-book formats.

Public benefit
The trustees continue to follow the Charity Commission's guidance on public benefit and in particular the specific guidance on charities for the advancement of religion.

Both the publishing work of the Trust, and the regular groups, meetings, and lectures and seminars are open to the public without any restriction on any grounds. Indeed, the Trust seeks to widen its influence, and its membership on an on-going basis, and publicity is always an ongoing process.

ACHIEVEMENT AND PERFORMANCE
Following the sale of the site and the loss of income derived from its activities, performance this year naturally reflects a much smaller operation.

Total income for the year to 31 July 2024 was £5,361 (2023 £31,353), total expenditure was £62,159 (2023 £77,126), and net gains on investments of £12,444 (2023 £nil) resulting in a net expenditure of £44,354 (2023 £45,593). Total expenditure was heavily affected by significant professional accountancy fees of £13,664 a significant proportion of which was for work following the sale. This cost should be significantly lower in future years.

The much-reduced income reflects the loss of room hire, lodge lettings and other site-based activities now no longer available.

The main achievements in terms of our non-financial objectives for the year were to provide a wide variety of activities and classes intended to facilitate inner peace and physical and spiritual wellbeing.

The Trust has primarily focused on the development of digital products, e-book publications and the use of social media to support our continuing operation. We have also continued, with the support of our teachers and practitioners, to provide various talks, meditations and classes on-line, either live or pre-recorded.

From a financial point of view, a £44,354 net expenditure for the Trust is a not unexpected outcome following the impact of the decision to sell the site, the consequent loss of rental and event income and the continued reduction in members. We are grateful to our small team of part time staff, volunteers and trustees who have continued to support our work, albeit of a much-reduced nature.

THE HAMBLIN TRUST (REGISTERED NUMBER: 06927379)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2024


FINANCIAL REVIEW
Reserves and principal financial management policy
The Trust's principal financial management policies adopted during the year have been to exercise control over operating expenses and to focus on generating income from digital products and the publication of Hamblin's out-of-print books in e-book format.

The Trust's Reserve policy is to hold sufficient reserves to be able, should it become necessary, to cease trading under control and with sufficient funds to discharge our statutory obligations to staff. The Trust has continued to manage its cash carefully and, following the sale, has the proceeds to ensure the Trust can continue to operate for the near future and have a further opportunity to optimise its publishing and online activities.

Given the sale of the site and the intention to operate primarily online, the trustees' main focus is now on the continued development of digital products, e-book publications and social media activity.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The Trust is incorporated as a company limited by guarantee governed by its memorandum and articles of association and is a registered charity. The liability of the members in the event of the Trust being wound up is limited to a sum not exceeding £1. The total of such guarantees at the year-end was £4.

The Trustees are empowered under the Trust Deed to apply the funds of the Charity for the purpose of its objects and are at liberty to pay the expenses for the preparation, publication and dissemination of religious literature.

Recruitment and appointment of new trustees
The Trustees are eligible, in committee, to appoint additional Trustees under the terms of the Trust Deed.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06927379 (England and Wales)

Registered Charity number
1133567

Registered office
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

Trustees
M J Ashby
D M Willson
N E Raine
V A Willson


THE HAMBLIN TRUST (REGISTERED NUMBER: 06927379)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Sam Ede FCA FCCA BFP
Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

Approved by order of the board of trustees on 25 April 2025 and signed on its behalf by:





D M Willson - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE HAMBLIN TRUST


Independent examiner's report to the trustees of The Hamblin Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
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:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.








Sam Ede FCA FCCA BFP

Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

25 April 2025

THE HAMBLIN TRUST

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JULY 2024

2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 2,844 - 2,844 3,158

Other trading activities 4 2,511 - 2,511 28,369
Investment income 5 6 - 6 6
Total 5,361 - 5,361 31,533

EXPENDITURE ON
Charitable activities 6
Cost of Charitable Activities 53,483 - 53,483 77,126
Investment management costs 8,676 - 8,676 -
Total 62,159 - 62,159 77,126

Net gains on investments 12,444 - 12,444 -

NET INCOME/(EXPENDITURE) (44,354 ) - (44,354 ) (45,593 )


RECONCILIATION OF FUNDS
Total funds brought forward 144,027 - 144,027 189,620

TOTAL FUNDS CARRIED FORWARD 99,673 - 99,673 144,027

THE HAMBLIN TRUST (REGISTERED NUMBER: 06927379)

BALANCE SHEET
31 JULY 2024

2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 10 1,002 - 1,002 1,355

CURRENT ASSETS
Stocks 11 1,860 - 1,860 1,882
Debtors 12 443 - 443 2,696
Investments 13 88,768 - 88,768 -
Cash at bank and in hand 14,622 - 14,622 149,432
105,693 - 105,693 154,010

CREDITORS
Amounts falling due within one year 14 (7,022 ) - (7,022 ) (11,338 )

NET CURRENT ASSETS 98,671 - 98,671 142,672

TOTAL ASSETS LESS CURRENT LIABILITIES 99,673 - 99,673 144,027

NET ASSETS 99,673 - 99,673 144,027
FUNDS 15
Unrestricted funds 99,673 144,027
TOTAL FUNDS 99,673 144,027

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


THE HAMBLIN TRUST (REGISTERED NUMBER: 06927379)

BALANCE SHEET - continued
31 JULY 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 25 April 2025 and were signed on its behalf by:





N E Raine - Trustee





D M Willson - Trustee

THE HAMBLIN TRUST

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

The Charity is an incorporated charity, registered with the Charity Commissioners for England and Wales (1133567) and a company incorporated in England and Wales (06927379). The Charity is limited by Guarantee to a maximum of £1 contribution per member. There are currently four (2023: four) members. The Charity is governed by its Articles of Association. Its principle objectives and registered office can be found in the report of the trustees.

The presentational currency of the financial statements is Pound Sterling (£) which is rounded to the nearest Pound (£). This is the Charity's functional currency.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Income
Income is recognised in the accounts as follows:

- Donations and other miscellaneous income - on a receipts basis
- Membership fees - on a receipts basis including lifetime memberships
- Dividends and interest - date the dividends and interest is received

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Computer equipment - 25% on reducing balance

Where applicable, assets at a valuation in excess of £100 are capitalised as fixed assets. These assets are held at cost less depreciation in accordance with the above depreciation policy.

Investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Financial instruments
The charity only has financial assets and financial liabilities that qualify as basic financial instruments which are recognised at transaction cost and subsequently carried forward at amortised cost.

THE HAMBLIN TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


3. DONATIONS AND LEGACIES
2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Donations 632 - 632 889
Membership 2,212 - 2,212 2,269
2,844 - 2,844 3,158

4. OTHER TRADING ACTIVITIES
2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Digital products 278 - 278 -
Rental income - - - 19,281
Other income 1,834 - 1,834 7,976
Sale of publications 399 - 399 1,112
2,511 - 2,511 28,369

5. INVESTMENT INCOME
2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Deposit account interest 6 - 6 6

6. CHARITABLE ACTIVITIES COSTS

The direct costs of charitable activities, were as follows:

2024 2023
£ £
Cost of charitable activities 54,981 77,126
Investment management costs 8,676 -
63,657 77,126


THE HAMBLIN TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


7. NET INCOME/(EXPENDITURE)

Fees for the independent examination amounted to £4,200 during the year (2023: £4,000). In 2023 bookkeeping and advisory services paid to an independent examiner amounted to £53,162. In 2024 advisory services paid to an independent examiner amounted to £11,164.

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023.


Trustees' expenses

Travel and meeting expenses reimbursed to trustees amounted to £Nil (2023 - £390).

9. STAFF COSTS

The average monthly number of employees during the year was as follows:

2024 2023
Support 2 1
Supervision - 1
Lodge - 2
2 4

No employees received emoluments in excess of £60,000.

Total staff costs may be analysed as follows:
2024 2023
£ £

Wages and salaries 29,048 43,755
Social security costs - -
Other pension costs 1,070 908

10. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 August 2023 and 31 July 2024 1,414
DEPRECIATION
At 1 August 2023 59
Charge for year 353
At 31 July 2024 412
NET BOOK VALUE
At 31 July 2024 1,002
At 31 July 2023 1,355

THE HAMBLIN TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


11. STOCKS
2024 2023
£ £
Stocks 1,860 1,882

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
VAT - 2,321
Prepayments 443 375
443 2,696

13. CURRENT ASSET INVESTMENTS
2024 2023
£ £
Investments 88,768 -

Current asset investments historical cost amounts to £78,500.

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors - 270
Social security and other taxes 420 653
Accruals and deferred income 6,602 10,415
7,022 11,338

Deferred income for the year totalled £302 (2023: £Nil) and relates to memberships paid in advance.

15. MOVEMENT IN FUNDS
Net
movement
At 1/8/23 in funds At 31/7/24
£ £ £
Unrestricted funds
General fund 144,027 (44,354 ) 99,673

TOTAL FUNDS 144,027 (44,354 ) 99,673

THE HAMBLIN TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


15. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 5,361 (62,159 ) 12,444 (44,354 )

TOTAL FUNDS 5,361 (62,159 ) 12,444 (44,354 )


Comparatives for movement in funds

Net
movement
At 1/8/22 in funds At 31/7/23
£ £ £
Unrestricted funds
General fund 189,620 (45,593 ) 144,027

TOTAL FUNDS 189,620 (45,593 ) 144,027

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 31,533 (77,126 ) (45,593 )

TOTAL FUNDS 31,533 (77,126 ) (45,593 )

16. EMPLOYEE BENEFIT OBLIGATIONS

The trust operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the charity in an independently administered fund. The pension cost represents contributions payable by the charity to the fund and amounted to £1,070 (2023: £908). Outstanding contributions at the year end amounted to £292 (2023 : £108).


THE HAMBLIN TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2024.

18. ULTIMATE CONTROLLING PARTY

The Trust is controlled by the trustees.