**Park Hill Trust Charity registration no. 1014141**
**Trustees' report and unaudited accounts**
**For the year ended 30 June 2025**
## **Park Hill Trust**
## **Legal and administrative information**
|**Trustees**|Frances Anne Marylee Ruck Keene|
|---|---|
||Alexander Charles Edward Ruck Keene|
||Joanna Muirhead|
|**Charity number**|1014141|
|**Principal address**|33 Queen Anne Street|
||London|
||W1G 9HY|
|**Accountants**|S&W Partners LLP|
||Accountants|
||Old Library Chambers|
||21 Chipper Lane|
||Salisbury|
||Wiltshire|
||SP1 1BG|
|**Independent examiner**|Simon Ellingham FCA|
||Fawcetts LLP|
||Chartered Accountants|
||Windover House|
||St Ann Street|
||Salisbury|
||Wiltshire|
||SP1 2DR|
|**Solicitors**|Currey & Co LLP|
||33 Queen Anne Street|
||London|
||W1G 9HY|
|**Investment advisors**|Evelyn Partners Investment Management LLP|
||45 Gresham Street|
||London|
||EC2V 7BG|
## **Park Hill Trust**
## **Contents**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Receipts and payments account|4|
|Statement of assets and liabilities|5|
## **Park Hill Trust**
## **Trustees' report for the year ended 30 June 2025**
The trustees present their report and accounts for the year ended 30 June 2025.
The accounts have been prepared on a receipts and payments basis and comply with the charity's governing document and applicable law.
## **Objects and activities**
The charity's objects are to hold the capital and income to be applied for purposes which are exclusively charitable and for the benefit of the public. The policies adopted in furtherance of these objects are to make charitable donations within the scope of the income received. There has been no change in these policies during the year.
## **Public benefit**
The trustees have considered the guidance provided by the Charity Commission with regard to meeting the public benefit objective. As all donations are made to registered charities, the trustees believe that the Park Hill Trust is acting for the benefit of the public.
The trustees will continue to support the work of registered charities and voluntary organisations.
## **Achievements, performance and financial review**
## **Grants**
The charity made 15 (2024: 56) grants during the year. These have been made in line with the charity's objects.
## **Results for the year**
During the year, investment income of £47,843 (2024: £48,331) was received and grants of £33,909 (2024: £100,220) were paid out to various charitable institutions in furtherance of the objects of the charity. A number of investments were bought and sold during the year. The purchases and sales generated a net cash inflow of £131,464 (2024: £17,410).
## **Reserves policy**
The trustees will pursue a policy of distributing income by way of grants within the scope of the net resources of the charity, with any surplus income being retained in the income account for future reserves.
## **Structure, governance and management**
The charity is an unincorporated trust constituted by a charitable trust deed dated 4 September 1992 by Frances Anne Marylee Ruck Keene and is a registered charity, number 1014141.
## **Trustees**
The Trustees who served during the year were: Frances Anne Marylee Ruck Keene Alexander Charles Edward Ruck Keene Joanna Muirhead
The power of appointing new trustees is vested in Frances Anne Marylee Ruck Keene.
## **Structure**
The day to day administration of the charity is carried out by Frances Ruck Keene in conjunction with her fellow trustees.
The trustees have power to invest in any securities, stocks, funds, property or in interests in property of whatsoever kind.
- 1 -
## **Park Hill Trust**
## **Trustees' report for the year ended 30 June 2025**
## **Risk factors**
The trustees have reviewed the risk to the assets of the charity and they consider the adequate controls are in place.
## **Trustees' responsibilities**
The trustees are responsible for preparing the trustees' report, the receipts and payments account and the statement of assets and liabilities in accordance with applicable law and regulations.
The law applicable to charities in England and Wales requires the trustees to prepare annual accounts. Under that law the trustees have elected to prepare a receipts and payments account and a statement of assets and liabilities. The trustees must not approve the accounts unless they are satisfied that they properly represent the receipts and payments for the year and the assets and liabilities of the charity.
The trustees are responsible for keeping proper accounting records which are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the assets and liabilities of the charity and enable them to ensure that the account and statement can be properly drawn up in accordance with the Charities Act 2011, and the provisions of the charity's governing document. 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.
On behalf of the board of trustees
## Joanna Muirhead
Joanna Muirhead (Apr 20, 2026 09:19:17 GMT+1)
## **Joanna Muirhead**
Trustee
> Date: 20/04/2026
- 2 -
## **Park Hill Trust**
## **Independent examiner's report to the trustees of the Park Hill Trust for the year ended 30 June 2025**
I report to the trustees on my examination of the accounts of the Park Hill Trust for the year ended 30 June 2025 which comprise the receipts and payments account and the statement of assets and liabilities.
## **Respective responsibilities of trustees and examiner and basis of report**
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records.
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.
## Simon J L Ellingham
Simon J L Ellingham (Apr 20, 2026 09:28:38 GMT+1)
## **Simon Ellingham FCA**
Fawcetts LLP Chartered Accountants Windover House St Ann Street Salisbury Wiltshire SP1 2DR
20/04/2026 Date:
- 3 -
## **Park Hill Trust**
## **Receipts and payments account for the year ended 30 June 2025**
|**Income**
**Receipts**
Income from listed investments
Interest received
Total receipts - income
**Payments**
Grants to institutions
Investment management fees
Bank charges
LEI fees
Legal fees
Accountancy fees
Independent examiner's fees
Total payments - income
Net movement on income
**Capital**
**Receipts from sales of investments**
**Purchase of investments**
Net movement on capital
Total receipts net of payments
**Cash funds last year end**
**Cash funds this year end**|**£**
**47,402**
**441**
**33,909**
**19,331**
**680**
**-**
**4,026**
**7,910**
**1,992**
**1,172,655**
**(1,041,191)**|**2025**
**£**
**47,843**
**(67,848)**
**(20,005)**
**131,464**
**111,459**
**22,617**
**134,076**|£
47,190
1,141
100,220
19,095
931
72
2,760
-
-
439,249
(421,839)|2024
£
48,331
(123,078)
(74,747)
17,410
(57,337)
79,954
22,617|
|---|---|---|---|---|
- 4 -
## **Park Hill Trust**
## **Statement of assets and liabilities as at 30 June 2025**
|**Cash funds**
**Investment assets**
Cost
Market value
**Liabilities**
Independent examiner's fees
Accountancy fees
Investment management fees|**2025**
**£**
**134,076**
**2,182,579**
**2,451,159**
**1,020**
**4,290**
**4,709**
**10,019**|2024
£
22,617|
|---|---|---|
|||2,188,525|
|||2,501,446|
|||1,992
7,916
4,849|
|||14,757|
## **Trustees' approval**
In accordance with the engagement letter dated 25 August 2020, we approve the accounts for the year ended 30 June 2025 which comprise the receipts and payments account and the statement of assets and liabilities. We acknowledge our responsibility for the accounts, including the appropriateness of the accounting basis and for providing S&W Partners LLP with all the information and explanations necessary for their preparation.
Signed on behalf of the Trustees and authorised for issue by:
## Joanna Muirhead
Joanna Muirhead (Apr 20, 2026 09:19:17 GMT+1)
## **Joanna Muirhead**
Trustee
> Date: 20/04/2026
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