2022-03-31-accounts - R G Hills Charitable Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

				Page
Reference and administrative		details ofthe charity, its trustees	and advisers
Trustees' report				2-5
Independent auditors'	report			6-9
Statement offinancial	activities			10
Balance sheet
Statement ofcash flows				12
Notes to the financial	statements			13-26

			Unrestricted	Endowment	Total	Total
			funds	funds	funds	funds
			2022	2022	2022	2021
		Note	F
INCOME AND ENDOWMENTS	FROM:
Investments		2	138,285		138,285	126,446
Other income						3,131
TOTAL INCOME AND ENDOWMENTS			138,285		138,285	129,577
EXPENDITURE ON:
Raising funds:
Investment management		3		19,487	19,487	17,421
Charitable activities		5,6,7	126,213		126,213	83,121
TOTAL EXPENDITURE		7	126,213	19,487	145,700	100,542
NET INCOME I (EXPENDITURE) BEFORE
INVESTMENT GAINS			12,072	(19,487)	(7,415)	29,035
Net gains on investments				236,884	236,884	775,194
NET INCOME BEFORE OTHER
RECOGNISED GAINS AND LOSSES			12,072	217,397	229,469	804,229
NET MOVEMENT IN FUNDS			12,072	217,397	229,469	804,229
RECONCILIATION OF FUNDS:
Total funds brought forward			89,890	4,204,569	4,294,459	3,490,230
			101,962	4,421,966	4,523,928	4,294,459
TOTAL FUNDS CARRIED FORWARD

			Note		2022f		2021
FIXEDASSETS
Investments					4,402,066		4,196,229
CURRENT ASSETS
Cash at bank and	in hand			152,423		114,152
CREDITORS: amounts		falling due within
one year			12	(30,561)		(15,922)
NET CURRENT ASSETS					121,862		98,230
NET ASSETS					4,523,928		4,294,459
CHARITY FUNDS
Endowment funds			13		4,421,966		4,204,569
Unrestricted funds			13		101„962		89,890
TOTAL FUNDS					4,523,928		4,294,459

		2022	2021
	Note	F
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash provided by operating activities		8,373	20,992
Proceeds from sale of investments		877,986	745,242
Purchase of investments		(848,088)	(903,367)
NET CASH USED IN INVESTMENT ACTIVITIES		29,898	(158,125)
CHANGE IN CASH AND CASH EQUIVALENTS	IN THE YEAR	38,271	(137,133)
Cash and cash equivalents brought forward		114,152	251,285
CASH AND CASH EQUIVALENTS CARRIED FORWARD		152,423	114,152
The notes on pages 13to 26 form part ofthese financial statements.

INVESTME	NT INCOME
		Unrestricted	Endowment	Total	Total
		funds	funds	funds	funds
		2022	2022	2022	2021
			E	F
Investment	income - listed investments	138,274		138,274	126,425
Investment	income - local cash	11		11	21
		138,285		138,285	126,446
Total 2021		126,446		126,446

			Unrestricted	Endowment	Total	Total
			funds	funds	funds	funds
			2022	2022	2022	2021
Investment	management	fees		19,487	19,487	17,421
Total 2021				17,421	17,421

	Unrestricted	Endowment	Total	Total
	funds	funds	2022	2021
	2022	2022
		F
Donations	100,000		100,000	50,000
Total 2021	50,000		50,000

			Unrestricted	Endowment	Total	Total
			funds	funds	2022	2021
			2022	2022	F	E
				F
Trustees'	professional	fees	10,701		10,701	13,218
Total 2021			13,218		13,218

		Unrestricted	Endowment	Total	Total
		funds	funds	funds	funds
		2022	2022	2022	2021
Auditors' remuneration		3,660		3,660	3,540
Accountancy		3,600		3,600	3,000
Subscription	and other charges	137		137	110
Management		8,115		8,115	9,293
Legal 8 professional					3,960
		15,512		15,512	19,903
Tofal 2021		19,903		19,903

ANALYSIS	OF EXPENDIT	URE BYEXPENDITUR	E TYPE
			Resources
			expended	Total	Total
			2022	2022	2021
				f.	E
Expenditure	on investment	management	19,487	19,487	17,421
Costs of raising funds			19,487	19,487	17,421
Direct and	support costs		110,701	110,701	63,218
Expenditure	on governance		15,512	15,512	19,903
			145,700	145,700	100,542
Total 2021			100,542	100,542

ANALYSIS OF EXPE	ND	ITURE BYACTI	VITIES
			Activities
			undertaken	Support
			directly	costs	Total	Total
			2022 f.	2022	2022 f.	2021f
Direct costs - (Donations		to registered
charities)			100,000		100,000	50,000
Trustees professional	fees			10,701	10,701	13,218
Total 2022			100,000	10,701	110,701	63,218
Total 2021			50,000	13,218	63,218

				2022	2021f
Fees	payable to the	charity's	auditor and its associates for the
audit	ofthe charity's	annual	accounts	3,660	3,540

FIXEDASSET INVESTMENTS
	Listed
	securities
	F
Market value
At 1 April 2021	4,196,229
Additions	848,088
Disposals	(877,986)
Revaluations	235,735
At 31 March 2022	4,402,066
Historical cost	3,805,515

Invest	ments at market value comprise:
		2022		2021
		F		E
Listed	investments	4,402,066	4,	196,229

				31 March	31March
				2022	2021
					E
European Equities				96,515	93,604
Hedge Funds and Alternatives				426,863	424,637
International	and	Thermatic		924,402	772,914
International	Fixed Interest			115,803	124,522
Japan, Far	East	and Emerging	Markets	500,122	435,572
North American		Equities		499,000	464,623
Property				133,666	111,355
Structured	Return			385,571	508,252
UK Equities	and	Unit Trusts		891,193	984,262
UK Fixed Interest				428„931	276,488
				4,402,066	4,196,229

	The holdings which e	The holdings which e	xce	eded 5%ofthe total value of	the portfolio as at tha	t date were as foll	ows:
	Stock/Units				Market value (P)	Percentage
	Schroder	Unit Trusts	Global Equity Income		226,405	5%
12.	CREDITORS: Amounts			falling due within one year
						2022	2021
						F
	Accruals	and deferred	income			30,561	15,922

									Balance at
				Balance at				Gains/	31 March
				1 April 2021 F	Income	Expenditure	f	(Losses) E	2022 F
Unrestricted			funds
General	Funds - all funds			89,890	138,285	(126,213)			101,962
Endowment			funds
Endowment		Fund		4,204,569		(19,487)		236,884	4,421,966
Total of	funds			4,294,459	138,285	(145,700)		236,884	4,523,928
STATEMENT			OF FUNDS - PRIOR YEAR
									Balance at
				Balance at				Gains/	31March
				1 April 2020	Income	Expenditure		(Losses)	2021
				E				E
General	Fund			39,473	129,577	(79,161)			89,889
Endowment		Fund		3,450,756		(21,381)		775,194	4,204,569

ANALYSIS OF NET ASSETS BETWEEN FUND	S - CURRENT YEAR
	Unrestricted	Endowment	Total
	funds	funds	funds
	2022	2022	2022
		E
Fixed asset investments		4,402,066	4,402,066
Current assets	127,868	24,555	152,423
Creditors due within one year	(25,906)	(4,655)	(30,561)
	101,962	4,421,966	4,523,928

						Unrestricted	Endowment	Total
						funds	funds	funds
						2021	2021	2021
Fixed	asset investments						4,196,229	4,196,229
Current assets						100,897	13,255	114,152
Creditors due within		one year				(11,008)	(4,915)	(15,922)
						89,889	4,204,569	4,294,458
15.	RECONCILIATION		OF NET MOVEMENT		IN FUNDS	TO NET CASH FLOW	FROM OPERATING
	ACTIVITIES
							2022	2021
							F
	Net income for the year (as per Statement				of Financial	Activities)	229,469	804,229
	Adjustment	for:
	(Gain) / loss	on investments					(235,735)	(775,195)
	Decrease in	debtors						18
	Increase/(decrease)		in creditors				14,639	(8,060)
	Net cash provided		by operating	activities			8,373	20,992
16.	ANALYSIS OF CASH AND CASH			EQUIVALENTS
							2022	2021
							F	E
	Cash in hand						152,423	114,152
	Total						152,423	114,152

Donations to registered	Donations to registered	Donations to registered	Donations to registered	charities	charities	charities
							2022	2021
Adami Project							1,000
Amref Health Africe							1,000
Anaphylaxis Campaign							1,000
Appropriate Technology			Assistance				1,000
Ashford 8 Tenterden		Umbrella					1,500
BCreativity Trust							1,500
Bees For Development			Trust					1,500
Blesham							1,000
Brent Lodge Bird &Wildlife					Trust			1,000
British Polio Fellowship							1,000
Care International UK								1,500
Care for Carers							1,000
Chernobyl Children	in	Need					1,500
Child In Need India								2,000
Child of Hope							1,500
Children Ahead Ltd							1,000
Church Homeless Trust							1,000
The Circular Sailing	Trust						1,000
City Gate Community		Projects					1,000
Combat Stress								2,000
Cruse Bereavement	Care			Scotland				1,500
Cure International UK							1,500
CPIN Away							1,500
Dandelion Time							1,000
Demelza House Childrens					Hospice		1,000
Edinburgh Young Carers								1,500
Educating The Children								1,000
Ellenor							1,000
Excellent Development							1,000
Farm Africa Limited								2,000
Free the Bears								1,500
Giving World								2,000
Gingerbread the Charity							2,000
Goodwin Sands Conservation						Trust		500
Grief Encounter								1,500
Havens Hospice							1,000
Hope Health Action							1,500
House of Mercy							1,000
Hypo Hands UK							1„000
Inter Care Ltd								1,500
International Needs	UK						1,000
Jigsaw (South East)							1„000
Joss Searchlight								1,000
Kent Surrey 8 Sussex		Air		Ambulance				2,000
Kent Search 8 Rescue			(Lowland)				2,500
Little Village							1,000
Make Them Smile							1,500
Makhad Trust								1,500
Marine Conservation		Society					1,000
Mondo Challenge Foundation							1,000
Mothers 2 Mothers							2,000	2,000

New Life Nyambene								1,000
Nicodemus							2,000
Oasis Domestic Abuse	Service							2,000
Porchlight								2,000
Prevent 2 Project							1,500
Prince ofWales Youth Club							2,500
Prisoners Education Trust							1,500
Read International								1,000
Rising Sun							1,500
Parridge 8 Pens Gahna							2,000
Pear Tree - Special School Fund							1,000
Peoples Trust for Endangered				Species			1,000
Pipal Tree							2,000
Pet Food Bank Service							1,500
Pragya							1,000
Quest for Learning							1,000
Re-Cycle							1,000
Right To Play								1,000
Safety Net (UK)								1,000
Samaritans								1,500
Scholarship for Street Kids							1,500
Seed International Fund	Trust						1,000
Shrewsbury Christian Centre Association							1„000
Simien Mountains Mobile			Medical Service					1,000
Solar Aid								1,500
Spaniel Aid UK								2,000
Speakers For Schools								1,500
Spinal Muscular Atrophy		UK					1,500
Standard Life							1,500
Strongbones Childrens	Trust							1,000
Strong Men							1,000
Surfers Against Sewage							1,000	1,000
Survive							1,500
The Born Free Foundation							2,000
The British Forces Foundation							1,000
The Cheer-Up Squad								1,000
The Childrens Adventure			Farm	Trust			1,000
The Counselling Centre								1,500
The David Sheldrick Wildlife Trust							1,500
The Frozen Ark Project							1,500
The Greenpeace Environmental					Trust		1,000
The Hill 112Memorial Foundation							1,000
The Jessie May Trust							1,500
The Kinetic Science Foundation							1,500
The Living Paintings Trust							1,000
The Maytree Respite Centre Ltd								1,000
The Methodist - Relief 8		Devp		Fund			1,000
The No Way Trust Ltd								1,500
The Rural Coffee Caravan							1,000
The Society of Friends of			Mvumi		Hospital		2,000
The Society of Protection			ofAnimals			Abroad	1,000
The United Society							1,500
Their Future Today							1,500
Warchild							1,500
Wildwood Trust							2,500
Women and Children First UK							1,000
World Cancer Research		Fund					1,500