Charlty number: 1008914
R G HILLS CHARITABLE TRUST
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

R G HILLS CHARITABLE TRUST
CONTENTS
Page
Reference and admlnlstrative detalls of the charity, Its trustees and advlsers
Trustees. report
Independent audltors. report
Statement of financlal activities
10
Balance sheet
11
Statement of cash flows
12
Notes to the flnancial statements
13-26

R G HILLS CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
Mr K Jones, Chairman
Mr H M S Barrett, Trustee
Charlty reglstered number
1008914
Principal office
3940 St. Margarets Street, Canterbury, Kent, CT12TX
Audltors
Pure Audit Limited, 76 Canterbury Innovation Centre, University Road, Canterbury. Kent, CT2 7FG
Bankers
CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ
Solicitors
Furley Page, 3940 St. Margarets Street, Canterbury, Kent, CT12TX
Investment Advlsers
Brooks Macdonald Asset Management Ltd. 6 Vale Avenue, Tunbridge Wells, Kent, TN11 DJ
Page 1

R G HILLS CHARITABLE TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Board of Trustees presents its report and the audited financial statements for the year ended 31 March
2025. The Truslees confirm that the annual report and financial statements of the Charity comply with current
statutory requirements. the requirements of the Charity's governing document, the provisions of the Statement of
Recommended Practice (Second edition) and Financial Reporting Standard FRS 102.
Objectives and Activities
The charity was formed to apply its income in whole or in part towards the furtherance of such charitable
purposes as the Trustees shall from time to time think fit. Various donations have been made, or are currently
being considered, by the Trustees for both national and local charities, some of which are engaged in overseas
charitable work.
As there are so many applications received by the charity for donations, to keep expenditure to a minimum,
replies are normally only sent lo successful applicants.
PUBLIC BENEFIT
The Trustees have only supported charities registered with the Charity Commission or have similar status after
having carefully considered the merits or othe￿iSe of specific requests. These are mainly, but not exclusively,
charities concerned with health, poverty and education issues which are engaged in activities for the public
benefit.
Reference is made to the general and financial information about a charity applying for funds available on the
Charity Commission website and other publications in addition to information provided by the applicant.
By adopting this structured approach, the Trustees consider they have fully complied with the Charities Act 2011
to have due regard to the guidance on public benefit published by the Commission in exercising their powers or
duties.
Achievements and performance
REVIEW OF ACTIVITIES
The Trustees are pleased lo be able to report that they were able to distribute £123,500 (2024.. £124,110) to
various charities. After distributing this sum and paying expenses, there was a deficit of £18,262 in the
Unrestricted Funds account {2024: Surplus £975).
There were realised and unrealised losses of £69,753 {2024- Gain £194,960).
INVESTMENT POLICY AND PERFORMANCE
The market value of investments, including cash, at year end was £4,240,456 (2024.. £4,288,088).
To stay abreast of the continuously flucluating markets and ensure security and returns on investments, updates
are regularly received from the investmenl managers with meetings where appropriate, to monitor performance
and to discuss any amendments to strategy.
Trustees have distributed over £4 million to various charities and Ihe continued distributions from the R G Hills
Charitable Trust are a lasting tribute to Mr R G Hills and Mrs. Hills benevolence. The Trust does not actively
fundraise and seeks to conlinue the philanthropic work desired by Mrs. Hills through the careful slewardship of
its existing resources.
Financlal revlew
Page 2

R G HILLS CHARITABLE TRUST
TRUSTEES. REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
GOING CONCERN
Accounting standards require the Trustees to consider the appropriateness of the going concern basis when
preparing the financial statements. After making appropriate enquiries, the Trustees have a reasonable
expectation that the charity has adequate resources to continue in operational existence for the foreseeable
future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
RESERVES POLICY
The total reseNes at the year end were £4,347,837 {2024'. £4,455,010). The split of these being unrestricted
£100,549 (2024.. £118,811) and pemianent endowment of £4,247,288 (2024.. £4,336,199). The permanent
endowment funds are mainly investments which are held to earn income from which donations can be
distributed in accordance with the objectives of the charity. These funds are, therefore, excluded from the
reserves policy.
The Trustees review annually the policy regarding unrestricted funds which amounted to £100,549 at the end of
year. They have decided there is a need for the Trustees to retain sufficient funds to meet any..
accrued and future management costs which cannot be met from existing funds due to an unexpected fall
in investment income.
temporary cash flow shortages when donations are made in advance of investment income being
received.
exceptional expenditure, for example, to fund an opportunity that is too good to be missed as it will allow
the Trustees to deliver their mission in a more effective or comprehensive way.
The Trustees have concluded the target level of reseNes should be in the region of £30,000 to £40,000.
Structure, governance and management
CONSTITUTION
The Trust is an unincorporated trust, constituted under a Trust deed dated 16 December 1982 and is 8
registered charity, numbered 1008914. The Trust was originally Created by Mrs E M Hills on this date for a
consideration of £1. It remained dormant until 31 March 1996, al which date there was an appropriation of assets
amounting to £2,204,260 from the estate of Mr R G Hills and Mrs E M Hills. This represented the greater part of
three quarters of the residue of their estate which she left to the Trust. The balance of this entitlement of
£161,485 was received by the Trust in two payments in January 1998 and June 1999.
A further £7,062 was added in 2003 when the Mrs E M Hills Charitable Trust ceased its operations.
In addition, Mr and Mrs Hills left the net sum of £130.256 after inheritance tax on a separate life interest trust.
The life tenant died on 1 December 2017 and £201,549 was subsequently transferred to the R G Hills Charitable
Trust. This has been included in the Permanent Endowment.
The Trust deed confers wide ranging powers of investment upon the Trustees. Since the death of Mrs. Hills, the
Trustees have distributed over £4 million to various charilies and the continued distributions from the R G Hills
Charitable Trust are a lasting tribute to Mrs. Hills benevolence. The Trust does not actively fundraise and seeks
to continue the philanthropic work desired by Mr R G Hills and Mrs. Hills Ihrough the careful stewardship of its
existing resources.
Page 3

R G HILLS CHARITABLE TRUST
TRUSTEES, REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the
tems of the TNst deed.
The current Trustees appointed are Mr. K Jones, a chartered accountant, and Mr. H M S Barrett, a solicitor and
Consultant with Tassells LLP.
The appointment of new Trustees is governed by section 36, Trustee Act 1925 and can only be exercised by the
Continuing or suNiving Trustees, or the personal representative of the last continuing or suNiving Trustee. When
considering a new appointment, the Trustees have regard lo any necessary skills needed and lo provide
necessary academic, professional and Commercial knowledge relevanl lo the charity's activities.
POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES
New Trustees, unless legally or financially and professionally qualified, will undergo an orientation day to brief
them on charity law. They will receive a copy of the governing Trust deed, instruction on the decision making
process, copies of the last three years, Trustee reports and financial statements, the current financial
performance of the charity and the website reference of the Charity Cornmission's guidance "The Essential
Trustee" and other relevant publications. Trustees are encouraged to attend appropriate external training events,
where these will facilitale a better understanding of their role.
ORGANISATIONAL STRUCTURE AND DECISION MAKING
The Trustees meet at suitable inteNals to consider the performance of the investments and to decide on
appropriate donations. The charity has no employees. The Chairman deals with the day-to-day operations of the
charity.
RISK MANAGEMENT
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the
operations and finances of the charity and are satisfied that systems and procedures are in place to mitigate our
exposure to the major risks.
The Trustees have a risk management strategy which includes..
the annual review of the risks the charily may face.
Ihe establishment of systems and procedures to mitigate those risks.
the implementation of procedures designed to minimise any polential impact on the charity, should these
risks malerialise.
The variability of the investment returns conslitutes the charity's major risk, but this has been reduced by a wide
range of inveslments managed by Brooks Macdonald operating both in the UK and abroad. A key element in the
management of financial risk is Ihe selting of a reseNe policy and its regular review by the Trustees.
PRINCIPAL ACTIVITIES
The charity's principal activities have already been described in the foregoing heading of Public Benefit.
Plans for future periods
The Charity will continue lo distribute income generated from investments to various registered charities. In the
Page 4

R G HILLS CHARITABLE TRUST
TRUSTEES. REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
Trustees, opinion, the level of reserves is sufficient to cover any unforeseen expenses and lo provide flexibility in
meeting exceptional funding requirements for charities where the Trustees are satisfied there is an urgency, and
the purpose fits Iheir priorities.
INFORMATION ON FUNDRAISING PRACTICES
The charity is a grant making body and is not engaged in fundraising activities.
TRUSTEES. RESPONSIBILITIES STATEMENT
The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England & Wales requires the Trustees lo prepare financial statements for
each financial year which give a true and fair view of the state of affairs of the charity and of the incoming
resources and application of resources of the charity for that period. In preparing these financial statements, the
Trustees are required to..
select suitable accounting policies and then apply them consistently;
obseNe the methods and principles in the Charities SORP.,
make judgments and accounting estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in operalion.
The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the
charitls transactions and disclose with reasonable accuracy at any lime the financial position of the Charity and
enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts
and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding
the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
The Truslees are responsible for the maintenance and integrily of the charity and financial information included
on the charity's website. Legislation in the United Kingdom governing the preparation and disseminalion of
financial statements may differ from legislation in other jurisdiclions.
This report was approved by the Trustees, on 2810112026and signed on their behalf by..
Mr K Jones, Chairman
Trustee
Page 5

R G HILLS CHARITABLE TRUST
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF R G HILLS CHARITABLE TRUST
OPINION
We have audited the financial statements of R G Hills Charitable Trust (the 'charity'l for the year ended 31
March 2025 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows
and the related notes, including a summary of significant accounting policies. The financial reporting framework
thal has been applied in their preparation is applicable law and United Kingdom Accounting Slandards (United
Kingdom Generally Accepted Accounting Practice) including FRS 102 "The Financial Reporting Standard
applicable in the UK and Republic of Ireland"
The financial statements have been prepared in accordance with Accounting and Reporting by Charities
preparing their accounts in accordance with the Financial Reporting Standards applicable in Ihe UK and Republic
of Ireland (FRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended
Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
This has been done in order for the accounts to provide a true and fair view in accordance with the Generally
Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
In our opinion the financial statements..
give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming
resources and application of resources forthe year then ended-,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with the requirements of the Charities Act 2011.
BASIS FOR OPINION
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS IUKI) and applicable
law. Our responsibilities under those standards are further described in Ihe Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of the charity in accordan￿ with the ethical
requirements that are relevant to our audit of the financial statements in the United Kingdom, including the
Financial Reporting Council's Ethical Standard, and we have fulfilled OLFr other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
We have nothing to report in respect of the following matters in relation to which the ISAS {UK) require us to
report to you where..
the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is
not appropriate., or
the Trustees have not disclosed in the financial statements any identified materral uncertainties that may
cast significant doubt about the charitrfs ability to continue to adopt the going concern basis of accounting
for a period of at least twelve months from the dale when the financial statements are authorised for issue.
OTHER INFORMATION
The Trustees are responsible for the other information. The other information comprises the information included
in the Annual report, olher than the financial statements and our Auditors, report thereon. Our opinion on the
financial statements does not cover the other infomiation and we do not express any form of assuran
conclusion thereon.
Page 6

R G HILLS CHARITABLE TRUST
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF R G HILLS CHARITABLE TRUST
In connection with our audit of the financial statements, our responsibility is to read the other information and, in
doing so, consider whelher the other information is materially inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misslatemenls, we are required to determine whether there is a material
misstatement in the financial statements or a material misstatement of the other infomation. If. based on the
work we have performed, we conclude that there is a material misstatement of this other informalion, we are
required to report that fact.
We have nothing to report in this regard.
MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
We have nothing to report in respecl of the following matters where the Charities (Accounts and Reports)
Regulations 2008 requires us to report to you if, in our opinion:
the information given in the Trustees, report is inconsistent in any material respect with the financial
statemants. or
sufficient accounting records have not been kept., or
the financial statements are not in agreement with the accounting records and returns., or
we have not received all the information and explanations we require for our audit.
RESPONSIBILITIES OF TRUSTEES
As explained more fully in the Trustees, responsibilities statement, the Trustees are responsible for the
preparation of financial statements which give a true and fair view, and for such internal control as the Trustees
determine is necessary to enable the preparation of financial statements that are free from material
misstalement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitls ability to continue
as a going COn￿rn, disclosing, as applicable, matters related to going concern and using the going concern
basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no
realistic alternative but to do so.
Page 7

R G HILLS CHARITABLE TRUST
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF R G HILLS CHARITABLE TRUST
AUDITORS, RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misslatement, whether due to fraud or error, and to issue an Auditors, report that includes our
opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in
accordance with ISAS {UK) will always delect a material misstatement when il exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respecl of
irregularities, including fraud. The extent to which our procedures are capable of deteGling irregularities,
including fraud is detailed below..
Extent to which the audit was considered capable of detecting irregularities, including fraud:
We identify and assess the risks of material misstatement of the financial statements. whether due to fraud or
error, and then design and perform audit procedures responsive to those risks, including obtaining audit
evidence that is sufficient and appropriate to provide a basis for our opinion.
Identifying and assessing potential risks related to irregularities..
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and
noncompliance with laws and regulations, we considered the following..
The nature of the industry and sector, control environment and business performance including the design of
the entity's remuneration policies, results of our enquiries of management about their own identification and
assessment of the risks of irregularities and any matters we identified having reviewed the enlily's policies and
procedures; the malters discussed among the audit engagement team regarding how and where fraud might
occur in the financial ststements and any potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within the
organisalion for fraud and identified the greatest potential for fraud in relation to revenue recognilion. In
common with all audits under ISAS (UKI. we are also required to perform specific procedures to respond to the
risk of management override.
We also obtained an understanding of the legal 8nd regulatory frameworks that Ihe entity operates in and
focused on those laws and regulations that had a direct effect on the determination of material amounts and
disclosures in the financial statements. The key laws and regulations we considered in this context included the
Charities Act 2011.
Audit response lo risks identified..
As a result of perfomiing the above, we identified revenue recognition as key audit matter related lo the
potential risk of fraud. Our procedures to respond to risks identified included the following..
reviewing the financial statement disclosures and lesting to supporting documentation to assess
compliance with provisions of relevant laws and regulations described as having a direct effect on the financial
statements;
enquiring of management, concerning actual and potential litigation and Glaims.,
performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of
material misstatement due to fraud.
Page 8

R G HILLS CHARITABLE TRUST
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF R G HILLS CHARITABLE TRUST
obtaining an understanding of provisions and discussing with management to understand the basis of
recognition or non-recognition of provisions- and in addressing the risk of fraud through management override
of controls, tesling the appropriateness of journal entries and other adjustments,. assessing whether the
judgements made in making accounting estimates are indicative of a potential bias., and evaluating the business
rationale of any significant transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement
team members and remained alert lo any indications of fraud or noncompliance with laws and regulations
throughout the audit.
Because of the inherent limitations of an audit, there is a risk that we will not detect all Ir￿guIanties, including
those leading to a material misstatement in the fi'nancial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely lo become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at= www.frc.org.uklauditorsresponsibilities. This description forms part of our
Auditors, report.
USE OF OUR REPORT
This report is made solely to the charitls trustees, as a body, in accordance with Part 4 of the Charities
(Accounls and Reports) Regulations 2008. Our audit work has been undertaken so Ihat we might stale to the
charity's truslees those matters we are required to slate to them in an Auditors, report and for no other purpose.
To the fullest extent permilted by law, we do not accept or assume responsibility to anyone other than the charity
and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed.
Pure Audit Limited
Chartered Certified Accountants and Statutory Auditors
76 Canterbury Innovation Centre
University Road
Canterbury
Kent
CT2 7FG
Date.. 28 January 2026
Pure Audit Limited are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.
Page 9

R G HILLS CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Endowment
funds
funds
2025
2025
Total
funds
2025
Total
funds
2024
Note
INCOME AND ENDOWMENTS FROM:
Investments
143,921
143,921
150,975
TOTAL INCOME AND ENDOWMENTS
143,921
143,921
150.975
EXPENDITURE ON:
Raising funds=
Investment management
Charitable activities
19,158
19,158
162,183
16, 760
150,000
5,6.7
162.183
TOTAL EXPENDITURE
162,183
19,158
181,341
166,160
NET EXPENDITURE BEFORE INVESTMENT
GAINSI{LOSSESI
Net gainsl(losses) on investments
NET INCOME I {EXPENDITURE} BEFORE
OTHER RECOGNISED GAINS AND LOSSES
(18,262)
(19,158)
(69,7531
(37,4201
(69,7531
(15, 185)
194, 960
11
118,262)
188,9111
(107,1731
179, 775
NET MOVEMENT IN FUNDS
118,262)
188,911)
(107,173)
7 79, 775
RECONCILIATION OF FUNDS:
Total funds brought fO￿ard
118,811
4,336,199
4,455,010
4,275,235
100,549
4,247,288
4,347,837
4,455,010
TOTAL FUNDS CARRIED FORWARD
The notes on pages 13 to 26 form part of these financial statements.
Page 10

R G HILLS CHARITABLE TRUST
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Note
FIXED ASSETS
Investments
4,240.456
4,288,088
CURRENT ASSETS
Debtors
Cash at bank and in hand
12
16
4,293
124,467
181,399
128,760
181,399
CREDITORS: amounts falling due within
one year
13
(21,379)
(14,477)
NET CURRENT ASSETS
107,381
166,922
NET ASSETS
4,347,837
4,455,010
CHARITY FUNDS
Endowment funds
Unrestricted funds
14
14
4,247,288
100,549
4,336, 199
118,811
TOTAL FUNDS
4,347,837
4,455,010
The financial statements were approved by the Trustees on 28 January 2026 and signed on their behalf, by..
Mr K Jones, Chalr
The notes on pages 13 to 26 form part of these financial statements.
Page 11

R G HILLS CHARITABLE TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Note
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash used in operating activities
15
(34,812)
{20,317)
Proceeds from sale of investments
Purchase of investments
3,953,557
(3,975,677)
612,261
(555,817)
NET CASH USED IN INVESTMENT ACTIVITIES
{22.120)
{56,932)
181,399
56.444
CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR
Cash and cash equivalents brought forward
36, 127
145,272
CASH AND CASH EQUIVALENTS CARRIED FORWARD
124,467
181,399
The notes on pages 13 to 26 form part of these financial statements.
Page 12

R G HILLS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES
1.1 Basss of preparation of financial statements
The financial ststements have been prepared in accordance with the second edition of the Charities
Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard
applicable in the Uniled Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared under the historical cost convention with items
recognised at cost or transaction value unless othewise stated in the relevant notes to these
accounts.
R G Hills Charitable Trust constitutes a public benefit entity as defined by FRS 102.
General Information
The entity is a charity registered with Charity Commission in England & Wales under registration
number 1008914. The charity's registered office address is: 3940 St. Margarels Street, Canterbury,
Kent, CT12TX.
1.2 Golng concern
The Trustees have assessed that the expectation is that the charity will continue in operational
existence for the foreseeable future and, accordingly, these financial statements are prepared on a
going concem basis.
Page 13

R G HILLS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES (continued)
1.3 Income
All income is recognised once the charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either.. the charity is aware that
probate has been granted, the estate has been finalised and notification has been made by the
executor(s} to the Trust that a distribution will be made, or when a distribution is received from the
estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be
measured reliably and the charity has been notified of the executor's intention to make a distribution.
Where legacies have been notified to the charity, or the charity is aware of the granting of probate,
and the criteria for income recognition have not been met, then the legacy is treated as a contingent
asset and disclosed if material.
Gifts in kind donated for distribution are included at valuation and recognised as income when they
are distributed to the projects. Gifts donated for resale are included as income when they are sold.
Donated facilities are included at the value to the charity where this can be quantified and a third
party is bearing the cost. No amounts are included in the financial statements for services donated
by volunteers.
Donated seNices or facilities are recognised when the charity has control over the item, any
conditions associated with the donated ilem have been met, the receipt of economic benefit from the
use of the charity of the item is probable and Ihat economic benefit can be measured reliably.
On receipt, donated professional seNices and donated facilities are recognised on the basis of the
value of the gift to the charity which is the amount the charity would have been willing to pay to
obtain seNices or facilities of equivalent economic benefit on the open market., a corresponding
amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is reGeivable.
other income is recognised in the period in which it is receivable and to the extent the goods have
been provided or on completion of the service.
Page 14

R G HILLS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES {contlnued)
1.4 Expenditure
Expendilure is recognised once there is a legal or constructive obligation to transfer economic
benefit lo a third party, 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 classified by
activity. The cosls of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity
and support costs which are not attributable to a single activity are apportioned between those
activities on a basis consistent with the use of resources. Central staff costs are allocated on the
basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Support costs are those costs incurred directly in support of expenditure on the objects of the
charity. Governance costs are those incurred in connection with administration of the charity and
compliance with Constitutional and statutory requirements.
Costs of generating funds are costs incurred in atlracling voluntary income, and those incurred in
trading activities that raise funds.
Charitable activities and Governance costs are costs incurred on the charity's operations, including
support costs and costs relating to the governance of the charity apportioned to Charitable activities.
Grants payable are charged in the year when the offer is made except in those cases where the
offer is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noled as a
commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
1.5 Investmenls
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance sheet date, unless fair
value cannot be measured reliably in which case it is measured at cost less impairment. Investment
gains and losses, whether realised or unrealised, are combined and shown in the heading
'Gainsl{losses) on investments, in the Statement of financial activities.
1.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.7 Cash at Bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short
malurity of three months or less from the date of acquisilion or opening of the deposit or similar
account.
Page15

R G HILLS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES (continued)
1.8 Liabllities and provislons
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
evenl, it is probable that a transfer of economic benefit will be required in settlement, and the
amount of the settlement can be estimated reliably. Liabilities are recognised at the amounl that the
charity anticipates it will pay to settle the debt or the amount it has received as advanced payments
for the goods or seNices it must provide. Provisions are measured at the besl estimate of the
amounts required to settle the obligation. Where the effect of the time value of money is material,
the provision is based on the present value of those amounts, discounted at the pre-tax discount
rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within
interest payable and similar charges.
1.9 Flnancial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments.
Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured at amortised cost using the effective interest method.
1.10 Fund accounting
General funds are unreslricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the charity and which have not been designated for other
purposes.
Designated funds comprise unrestrtcted funds that have been set aside by the Trustees for
particular purposes. The aim and use of each designated fund is set out in the notes lo the financial
statements.
Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by
donors or which have been raised by the charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes lo the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
INVESTMENT INCOME
Unrestricted Endowment
funds
funds
2025
2025
Total
funds
2025
Tot81
funds
2024
Investment income - listed investments
Investment income - local cash
141,917
2,004
141,917
2,004
149, 068
1,907
143,921
143,921
t50,975
Tolal 2024
150,975
150,975
Page 16

R G HILLS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
INVESTMENT MANAGEMENT COSTS
Unrestrlcted Endowm8nt
funds
fund8
2025
2025
Total
funds
2025
Total
funds
2024
Investment management fees
19,158
19,158
16, 160
Total 2024
16,160
16, 160
DIRECT COSTS - CHARITABLE ACTIVITIES
Unrestrfcted Endowment
funds
funds
2025
2025
Total
2025
Tolal
2024
Donations
123,500
123,500
124, 110
Total 2024
124, 110
124,110
GOVERNANCE AND SUPPORT COSTS
Unrestricted Endowment
funds
funds
2025
2025
Total
funds
2025
Total
funds
2024
Auditors, remuneration
Accountancy
Subscription and other charges
Management
Legal & professional
4,260
15,031
61
4,260
15,031
61
671
19,331
4, 140
3,600
112
120
18,038
671
19,331
38,683
671
39,354
26.010
Tolal 2024
25,890
120
26,010
Page 17

R G HILLS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
Resources
expended
2025
Total
2025
Total
2024
Expenditure on investment management
19,158
19,158
16.160
Costs of raising funds
19,158
19,158
16.160
Direct and support costs
Expenditure on governance
126,885
35,298
126,885
35,298
124, 738
25,262
181,341
181,341
766,160
Total 2024
166, 160
166, 160
ANALYSIS OF EXPENDITURE BY ACTIVITIES
Activities
undertaken
directly
2025
Total
2025
Total
2024
Direct costs - (Donations to registered charities)
123,500
123,500
124, 110
Total 2024
124, 110
124, 110
NET INCOMEI{EXPENDITURE)
During the year, no Trustees received any remuneration (2024 £NIL). However, the Trustees are
expressly authorised to charge professional fees in the Trust instrument. See note 18 for fees charged by
Trustees.
AUDITORS, REMUNERATION
2025
2024
Fees payable to the charity's audilor and its associates for the
audit of the charitls annual accounts
4,260
4, 140
Auditors, remuneration includes audit fee of £3,550 (2024.. £3,450) and VAT of £710 (2024.. £690).
Page 18

R G HILLS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
10. STAFF COSTS
The average number of persons employed by the charty during the year was as follows:
2025
No.
2024
No.
Management
No employee received remuneration amounting to more than £60,000 in either year.
11. FIXED ASSET INVESTMENTS
Ll8ted
securities
Market value
At 1 April 2024
Additions
Disposals
Revaluations
4,288,088
3,975,677
(3.642,529)
(380,780)
At 31 March 2025
4,240,456
Historlcal cost
4,181,388
Investm8nts at market value comprise:
2025
2024
Listed investments
4,240,456
4, 288,088
All fixed asset investments are managed by Brooks Macdonald Asset Management Ltd.
Page 19

R G HILLS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
11. FIXED ASSET INVESTMENTS (contlnued)
Valuatlon
Investments held at the year end comprised the following..
31 March
2025
31 March
2024
European Equities
Hedge Funds and Alternatives
International and Thematic
Inlernational Fixed Interest
Japan, Far East and Emerging Markets
North American Equities
Property
Structured Return
UK Equities and Unit Trusts
UK Fixed Interest
92,034
334,177
848,279
151,835
298,888
524,236
74,939
367,288
871,393
677,387
175, 650
264, 634
856,985
105,675
342, 729
589, 152
94,284
391,914
847, 643
619,422
4,240,456
4, 288, 088
At the year end, Brooks Macdonald, the investment managers were also holding a bank balance of
£87,166 {2024.' £130,154).
Material investments
Following holdings exceeded 5 % of the total value of the portfolio as at the year end..
Schroder Unit Trust Asian Income 50/0
Schroder Unit Trusts Global Equity Income 5.30/0.
12. DEBTORS
2025
2024
Prepayments and accrued income
4,293
13.
CREDITORS: Amounts falling due within one year
2025
2024
A¢cruals and deferred income
21,379
14,477
Page 20

R G HILLS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
14. STATEMENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
Balance at
31 March
2025
Balance at
1 April 2024
Gainsl
(Losses)
Income Expenditure
Unrestricted funds
General Funds- all funds
118,811
143,921
(162,183)
100,549
Endowment funds
Endowment Fund
4,336,199
(19,158)
(69,753) 4,247,288
Total of funds
4,455,010
143,921
1181,341)
(69,753) 4.347,837
STATEMENT OF FUNDS - PRIOR YEAR
Balance al
31 March
2024
B8lanGe al
1 Apnl 2023
Gain
(Lossesj
Income Expenditure
General Funds - all funds
117,836
150,975
(150, 000)
(16, 160)
178,811
4,336, 199
Endowment Fund
4, 157,399
194,960
Total of funds
4, 275, 235
750,975
(166, 160)
194,960
4,455,010
SUMMARY OF FUNDS- CURRENT YEAR
Balance at
31 March
2025
Balance at
1 April 2024
Gainsl
(Losses)
Income Expenditure
General funds
Endowment funds
118,811
4,336,199
143,921
{162,1831
(19,158)
100,549
{69,753) 4,247,288
4,455,010
143,921
{181,341)
{69,7531 4,347,837
Page 21

R G HILLS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
14. STATEMENT OF FUNDS (continued)
SUMMARY OF FUNDS- PRIOR YEAR
Balance at
31 March
2024
Balance al
l Apnl 2023
Gainsl
(Losses)
Income Expenditur8
General funds
Endowment funds
117.836
4, 157,399
150,975
(150,000)
(16,160)
118,811
4,336, 199
194,960
4, 275, 235
150,975
(166, 160)
194, 960
4, 455,010
15. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2025
2024
Net (expenditure)lincome for the year (as per Statement of Financial
Activities)
(107,173)
179, 775
Adjustment for:
(Gain) I loss on investments
Increase in debtors
Increasel(decrease) in creditors
69,753
{4,293)
6,901
(194.960)
(5, 132)
Net cash used in operatlng activltles
(34,812
(20.317)
16. ANALYSIS OF CASH AND CASH EQUIVALENTS
2025
2024
Cash in hand
124.467
181,399
Total
124,467
181,399
Page 22

R G HILLS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
17. RELATED PARTY TRANSACTIONS
The professional trustees, Mr K Jones, Chartered Accountant and Mr H M S Barrett, Solicitor, are
expressly authorised to charge fees in the Trust instrument.
Mr H M S Barrett is a consultant with Furley Page, the solicitors to the charity for the year. Mr K Jones is
partner al Burgess Hodgson, Chartered Accountants,
The total fees payable to Furley Page in the year amounted to £9.001 (2024: £14,444). The total fees
payable to Burgess Hodgson amounted to £26,005 {2024: £7,314).
No reimbursement of expenses apart from these fees have been made or is due to be made to either
of the Trustees in respect of the year under review.
During the year, no trustees received any benefits in kind {2024.. £NIL).
At the year end, the charity owed the followed balances..
Furley Page: £1.096 (2024: £855)
Burgess Hodgson: £11,514 {2024: £4,800).
Page 23

R G HILLS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
18.
Donations to registered charities
2025
2024
Action Aid for Animals
African Childrens Fund
Alex the Leukodystrophy Charity
Amos Trust
Animal SOS Sri Lanka
Animals Asia Foundation
Aylsham and District Care
Batlersea Dogs and Cats Home
Beat
Bels Bru¢ha
Bishop Creighton House
Braille Chess Association
Brain Tumour Support
Breaking Barriers
Brent Lodge Bird & Wildlife Trust
Bristol Animal Rescue
British Heart Foundation
Build Up Foundation
Bumblebee ConseNation Trust
Canine Concern Scotland Trust
Chailey Heritage Foundation
Charity Buddy
Childrens Hospital Pyjamas
Clean Rivers Trust
Conservation Without Borders
Curly's Legacy
Disasters Emergency Committee
Domestic Abuse Volunteer
Dover Gymnastics Club
Drukpa Trust
Ezra Umarpeh
Facing the World
Facet CIO
Flori's Friends Rescue
Four Paws
Fetcher Dog
1001Fontanies UK
Food Lifeline
Freedom Kit Bags
Friends of Bradstow School
Get Set Girls
Grace Kelly Childhood Cancer Trust
Grow for Life
Home Start
Hope for the Future
Hot Line Meals SeNice (London)
Hypo Hounds
Impact
International Animal Rescue
International Nepal Fellowship
Jigsaw (South East)
2, 000
2, 000
1,500
2,000
2,000
2,500
1,500
2,500
1,500
2, 000
1,500
3, 000
2, 000
1,500
2,000
1,500
2,500
2,500
2,000
2,500
2,000
2,500
2,000
1,500
2,500
1,500
2,000
2.000
1,500
2,500
2,500
2, 000
2,500
2,000
3,000
2,500
2,500
2,500
2,500
2,500
2.000
2, 000
2,500
2, 000
1,500
1,500
1,500
Page 24

R G HILLS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Katharine House Hospice Trust
Kent Air Ambulance
Kent Mining Heritage Foundation
Kent MS Therapy Centre
Kids Cancer Charity
Little Village
Liquid Listening
Livingstone Tanzania Trust
MACS
MADM
Makhad Trust
Malaika Kids UK
Motivation Charitable Trust
Mount Noddy Animal Centre
Nightingales Childrens Project
Nowzad
Oakleaf Enterprise
Pat Macks
Plan International
Play Action International
Porchlighl
Porridge & Pens
Prevent 2 Protect
Prin￿ of Wales Youth Club
Prisoners Abroad
Prostate Cancer UK
Rescue The Perishing
Resolve Now
Restore
Rising Sun
Roy Castle Lung Cancer Foundation
Save the Children
SCT
Seeing Dogs Alliance
Serendip Children's Home
Side by Side
Snaap
Sofa Project
Solent Sharks Wheelchair
Sparks of Hope
Spencer Dayman Meningitis
standout Programme
still Waters
street Child
Slrongbones Children's Charitable Trust
Sudden Productions
Support our Military Veterans
Tea Leaf Trust
The Anne Robson Trust
The Canterbury Diclrict Cab
The David Sheldrick Wildlife Trust
The Happy & Healthy Trust
The No Way Twst Ltd
The Society of Protection of Animals Abroad
The Smile Train UK
The Trussell Trust
UK Sepsis Trust
1,500
2,000
2,000
2,000
1,500
2,000
1,500
2,500
3,000
2,000
1,500
2,500
2,000
3,000
1.500
2,500
2,000
2,000
2, 000
1,500
2,500
1,500
1,500
2,500
2.000
2,500
2,500
2,500
2,000
1,500
3, 000
2,000
1,500
2,000
1,500
2,000
1,500
2,000
1,500
2,500
1,500
3, 000
2,500
1,500
1,500
2,000
1,500
1,500
3,000
3. 000
1,500
Page 25

R G HILLS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Up N Away
UsinaBus
Veterans Into Logistics
Village Water Limited
Viva Ne￿Ork
Walking With The Wounded
WasteAid
Water Aid
Wellbeing of Women
Wetherby in Support of the Elderly
Willow Foundation
Women's Aid Federation of England
Young & Inspired Ltd
Youth on the Move London
Other (Reversal of uncleared cheques)
2,000
1,500
2,500
2,000
1,500
1,500
1,500
,500
2, 000
2,000
110
(2,000)
Total
123,500
124, 110
Page 26