The Hamblin Trust - Charities report

REGISTERED COMPANY NUMBER: 06927379 (England and Wales)

REGISTERED CHARITY NUMBER: 1133567

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 AUGUST 2024 TO 31 DECEMBER 2025

FOR

THE HAMBLIN TRUST

(A COMPANY LIMITED BY GUARANTEE)

Page

Report of the Trustees

1

to

2

Statement of Financial Activities

3

Balance Sheet

4

to

5

Notes to the Financial Statements

6

to

11

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 period ended 31 December 2025. 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 are intended to 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.

Sadly, the financial situation has continued to deteriorate and, to avoid the trust becoming insolvent, at a meeting on the 11th August 2025, the trustees decided to close the trust with final closure at the 31st December 2025. Further information regarding the going concern position of the Trust can be found within the going concern accounting policy.

The trust continued its active work until the 30th September 2025, 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 also continued to re-publish Hamblin's original publications, presently out of print, using both physical and e-book formats.

The trustees will now work with their legal and financial advisors to close down the trust under control and to distribute its residual funds on dissolution to selected charities with similar aims or sympathetic activities.

Public benefit

The trustees have continued 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 were open to the public without any restriction on any grounds. Indeed, the Trust has sought to widen its influence, and its membership on an on-going basis.

ACHIEVEMENTS AND PERFORMANCE

Total income for the period to 31st December 2025 was £8,159 (2024: £5,361) and total expenditure £81,732 (2024: £62,159) resulting in a net expenditure of £67,747 (2024 £44,354).

Since the closure of the site, 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 intended to facilitate inner peace and physical and spiritual wellbeing.

From a financial point of view, a £67,747 deficit for the Trust is a not unexpected outcome following the impact of the decision to close the operation with the consequent loss of activity income, professional fees and redundancy payments.

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.

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 trustees have agreed to transfer its residual funds to four charities. The charities have been selected for their sympathetic alignment to the nature of the trust and the Christian practice of the trust's founder, Henry Thomas Hamblin.

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

Approved by order of the board of trustees on 14 May 2026 and signed on its behalf by:

D M Willson - Trustee

Period

1/8/24

to

Year Ended

31/12/25

31/7/24

Unrestricted

Restricted

Total

funds

Notes

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

3

5,718

-

5,718

2,844

Other trading activities

4

2,439

-

2,439

2,511

Investment income

5

2

-

2

6

Total

8,159

-

8,159

5,361

EXPENDITURE ON

Charitable activities

6

Cost of Charitable Activities

81,495

-

81,495

53,483

Investment management costs

237

-

237

8,676

Total

81,732

-

81,732

62,159

Net gains on investments

5,826

-

5,826

12,444

NET INCOME/(EXPENDITURE)

(67,747

)

-

(67,747

)

(44,354

)

RECONCILIATION OF FUNDS

Total funds brought forward

99,673

-

99,673

144,027

TOTAL FUNDS CARRIED FORWARD

31,926

-

31,926

99,673

2025

2024

Unrestricted

Restricted

Total

funds

Notes

£

FIXED ASSETS

Tangible assets

10

-

1,002

CURRENT ASSETS

Stocks

11

-

1,860

Debtors

12

-

443

Investments

13

-

88,768

Cash at bank and in hand

40,351

-

40,351

14,622

40,351

-

40,351

105,693

CREDITORS

Amounts falling due within one year

14

(8,425

)

-

(8,425

)

(7,022

)

NET CURRENT ASSETS

31,926

-

31,926

98,671

TOTAL ASSETS LESS CURRENT LIABILITIES

31,926

-

31,926

99,673

NET ASSETS

31,926

-

31,926

99,673

FUNDS

15

Unrestricted funds

31,926

99,673

TOTAL FUNDS

31,926

99,673

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2025 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.

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 14 May 2026 and were signed on its behalf by:

N E Raine - Trustee

D M Willson - Trustee

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 (2024: 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.

Going concern

The trustees resolved to cease the charity’s operations on 31 December 2025. Accordingly, the financial statements have been prepared on a basis other than going concern. Assets have been stated at their net realisable value and liabilities at settlement value.

As part of the winding-up process:

- Stock with a carrying value of £1,252 was donated

- Tangible fixed assets with a net book value of £1,002 were donated

Remaining cash balances of £40,351 are to be distributed to charitable organisations.

The charity is expected to be fully dissolved following the settlement of all liabilities.

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.

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

Financial instruments are classified by the directors as basic or advanced following the conditions in FRS102 Section 1A. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

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.

3.	DONATIONS AND LEGACIES

Period

1/8/24

to

Year Ended

31/12/25

31/7/24

Unrestricted

Restricted

Total

funds

£

Donations

3,310

-

3,310

632

Membership

2,408

-

2,408

2,212

5,718

-

5,718

2,844

4.	OTHER TRADING ACTIVITIES

Period

1/8/24

to

Year Ended

31/12/25

31/7/24

Unrestricted

Restricted

Total

funds

£

Digital products

172

-

172

278

Other income

1,649

-

1,649

1,834

Sale of publications

618

-

618

399

2,439

-

2,439

2,511

5.	INVESTMENT INCOME

Period

1/8/24

to

Year Ended

31/12/25

31/7/24

Unrestricted

Restricted

Total

funds

£

Deposit account interest

2

-

2

6

6.	CHARITABLE ACTIVITIES COSTS

The direct costs of charitable activities, were as follows:

2025

2024

£

Cost of charitable activities

81,320

53,483

Investment management costs

237

8,676

63,657

7.	NET INCOME/(EXPENDITURE)

No independent examination took place in 2025.

In 2024, the fees for the independent examination amounted to £4,200 during the year. The 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 period ended 31 December 2025 nor for the year ended 31 July 2024.

Trustees' expenses

Travel and meeting expenses reimbursed to trustees amounted to £Nil (2024 - £Nil).

9.	STAFF COSTS

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

Period

1/8/24

to

Year Ended

31/12/25

31/7/24

Support

2

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

Total staff costs may be analysed as follows:

2025

2024

£

Wages and salaries

40,378

29,048

Social security costs

-

Other pension costs

1,780

1,070

10.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 August 2024

1,414

Disposals

(1,414

)

At 31 December 2025

-

DEPRECIATION

At 1 August 2024

412

Eliminated on disposal

(412

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 31 July 2024

1,002

11.

STOCKS

2025

2024

£

Stocks

-

1,860

12.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Prepayments

-

443

13.	CURRENT ASSET INVESTMENTS

2025

2024

£

Investments

-

88,768

14.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Social security and other taxes

-

420

Accruals and deferred income

8,425

6,602

8,425

7,022

15.	MOVEMENT IN FUNDS

Net

movement

At

At 1/8/24

in funds

31/12/25

£

Unrestricted funds

General fund

99,673

(67,747

)

31,926

TOTAL FUNDS

99,673

(67,747

)

31,926

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

8,159

(81,732

)

5,826

(67,747

)

TOTAL FUNDS

8,159

(81,732

)

5,826

(67,747

)

Comparatives for 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

Comparative 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

)

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 £1,780 (2024: £1,070). Outstanding contributions at the period end amounted to £Nil (2024 : £292).

17.	RELATED PARTY DISCLOSURES

There were no related party transactions for the period ended 31 December 2025.

18.	ULTIMATE CONTROLLING PARTY

The Trust is controlled by the trustees.