HF TRUST LIMITED

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  Material uncertainty over going concern

  We draw attention to note 1 in the financial statements, which indicates that the trustees of the group and parent charitable company consider there to be a material uncertainty in respect of the ability to secure the completion of £10m loan in late 2025 before existing funding facilities are exhausted in the next 12 months, and therefore ability to operate within financing facilities. As stated in note 1, these events or conditions, indicate that a material uncertainty exists that may cast significant doubt on the group and parent charitable company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

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  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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  Going-concern uncertainty disclosed

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. HF TRUST LIMITED 2009-10-09 → present
2. HOME FARM TRUST LIMITED(THE) 1962-09-10 → 2009-10-09

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“We draw attention to note 1 in the financial statements, which indicates that the trustees of the group and parent charitable company consider there to be a material uncertainty in respect of the ability to secure the completion of £10m loan in late 2025 before existing funding facilities are exhausted in the next 12 months, and therefore ability to operate within financing facilities. As stated in note 1, these events or conditions, indicate that a material uncertainty exists that may cast significant doubt on the group and parent charitable company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Group structure

1. HF TRUST LIMITED · parent
   1. Hft Trading Limited 100% · England and Wales
   2. Hft Property Limited 100% · England and Wales
   3. Luv2meetU Community Interest Company 100% · England and Wales · friendship agency for adults with learning difficulties

Significant events

• “The financial year 2022/23 incurred a £16.1m deficit which triggered an urgent Turnaround programme across the organisation which commenced in 2023/24.”
• “Hft has made considerable progress on a comprehensive turnaround programme designed to secure financial sustainability while maintaining our mission to support learning disabled people to live the best life possible.”
• “Property disposals, including the sale of strategic sites and smaller surplus assets, generated £1.7m in gains.”
• “In January 2025, Hft launched its 9th Sector Pulse Check report—the third in partnership with Care England.”
• “This year also saw the launch of our 10-year strategy: Your Life, Your Way.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Showing the first 100 officers on file — Companies House returns these 100 per page and this record sits at that limit, so the list (and any former officers) may be incomplete. Full register on Companies House

Filings

19

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.