The Geoff Hill Charitable Trust
Charity no: 1067258
Report and Financial Statements
For the Year Ended 31st May 2023
for
The Geoff Hill Charitable Trust
The Geoff Hill Charitable Trust
| Contents of the Report and Financial Statements | |
|---|---|
| For the Year Ended 31st May 2023 | |
| Page | |
| Legal and administrative information | 1 |
| Report of the trustees | 2 |
| Independent Examiner’s Report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes forming part of the financial statements | 6 |
The Geoff Hill Charitable Trust
Page 1
Legal and administrative information
| Trustees: | Susan Mary Hill |
|---|---|
| Linda Cartwright | |
| Keith Hough | |
| Pat Marson | |
| Maria Kirkham | |
| Adam Peter Morgans | |
| Address: | c/o Mrs Susan Mary Hill |
| Tinkers Cotttage | |
| Lawnswood | |
| Stourbridge | |
| West Midlands | |
| DY7 5QP | |
| Independent Examiner: | R M Franks FCCA |
| 58 Corser Street | |
| Oldswinford | |
| Stourbridge | |
| West Midlands | |
| DY8 2DQ | |
| Bankers: | Barclays Bank plc |
| 81 High Street | |
| Stourbridge | |
| West Midlands | |
| DY8 1EB | |
| Solicitors: | Higgs & Sons |
| 3 Waterfront Business Park | |
| Brierley Hill | |
| West Midlands | |
| DY5 1LX |
The Geoff Hill Charitable Trust
Page 2
Report of the trustees For the Year Ended 31st May 2023
The Trust was founded by Geoff Hill MBE in 1997 and has supported many local charities since then. In memory of Geoff, the Trustees, led by Geoff's wife Mrs Susan Hill, continue to administer the Trust on the same basis in the future.
The Trustees present their report along with the financial statements of the charity for the year ended 31st May 2023. The financial statements have been prepared in accordance with the accounting policies set out on page 6 and comply with the charity’s trust deed and applicable law.
Constitution and objects
The Geoff Hill Charitable Trust is constituted under a trust deed dated 18th March 1997 and is a registered charity number 1067258.
The objects of the charity are to support and/or promote local charitable purposes, including individual cases of special need/hardship or distress.
Trustees
The trustees who have served during the year and since the year-end are set out on page 1. The Trust actively seeks new trustees with relevant expertise and interest in the area and provides new trustees with appropriate briefing as to the Trust and their responsibilities. Trustees are appointed by the board of trustees and serve indefinitely. The trustees meet as required to discuss the affairs of the charity.
Review of the year
During the year the Trust’s regular interest income amounted to £2,307 (2022 : £1,675) and rental income from the freehold property investments was £48,714 (2022 : £48,834).
In response to the very many deserving cases in the locality the trustees, after exercising their discretion, made donations and grants in the year of £42,048 (2022 : £25,552), representing some 65% of the Trust’s total general income, and benefiting some 150 different cases of need or hardship.
The trustees are, as always, extremely mindful of the voluntary assistance that continues to be so generously given and express they’re thanks to all concerned.
In conclusion, the trustees are very satisfied with the trust’s performance, and are confident that it will continue to respond positively to alleviate the ever-increasing needs of the local community.
Approved by the trustees and signed on their behalf by:
Mrs S Hill Trustee
Dated : 15th August 2023
The Geoff Hill Charitable Trust
Page 3
Independent Examiner’s Report to the Trustees of The Geoff Hill Charitable Trust
For the Year Ended 31st May 2023
I report on the accounts of the Trust for the year ended 31st May 2023, which are set out on pages to 4 to 7.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts (under section 145 of the Charities Act);
-
follow the procedures laid down in the General Directions given by the Charity Commission
-
(under section 145(5)(b) of the Charities Act); and
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state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting
-
requirements set out in the Charities (Accounts and Reports) Regulations 2008.
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
R M Franks FCCA 58 Corser Street Oldswinford Stourbridge West Midlands DY8 2DQ
Dated : 15th August 2023
The Geoff Hill Charitable Trust
Page 4
Statement of Financial Activities For the Year Ended 31st May 2023
| Notes Incoming Resources Income resources from generated funds: Voluntary income: Donations and similar income 2 Income tax recovery Activities for generating funds Investment income 3 Resources expended Cost of generating funds Costs of generating funds Costs of generating investment income 4 Costs of charitable activities: Grants payable 5 Governance costs 6 Reduction in valuation of investments Net incoming resources (resources expended) Net movement in funds: Balances brought forward at 1st June 2022 Balances carried forward at 31st May 2023 |
2023 £ 13,306 - - 51,021 64,327 - - 42,048 919 42,967 -13,734 7,626 1,104,896 1,112,522 |
2022 £ 10,045 - 31 50,509 60,585 - 108 25,552 267 25,927 34,658 1,070,238 1,104,896 |
|---|---|---|
The Geoff Hill Charitable Trust
Page 5
Balance Sheet
For the Year Ended 31st May 2023
| Notes Fixed assets Tangible assets 7 Current assets Debtors Investments Cash at bank and in hand Creditors:amounts falling due within one year 8 Net current assets Total net assets Funds General |
2,023 £ 644,216 644,216 - 186,158 282,926 469,084 778 468,306 1,112,522 1,112,522 1,112,522 |
2,022 £ 644,216 644,216 - 199,892 261,574 461,466 786 460,680 1,104,896 1,104,896 1,104,896 |
|---|---|---|
Approved by the trustees and signed on their behalf by:
Mrs S Hill
Dated : 15th August 2023
The Geoff Hill Charitable Trust
Page 6
Notes forming part of the financial statements For the Year Ended 31st May 2023
1. Principal accounting policies
(a) Basis of accounting
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts and in accordance with the Financial Reporting Standard (FRS102) (effective January 2015) and with the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP) and with the Charities Act 2011.
(b) Donations and similar income
Donations are accounted for when received.
(c) Investment income
Investment income is accounted for gross in the period in which the charity is entitled to receipt.
(c) Resources expended
Management and administrative expenditure is accounted for on an accruals basis. Grants payable are accounted for when paid.
(e) Fixed assets
Investments and investment properties are included at market value at the balance sheet date, as estimated by the trustees. Investment properties are not depreciated.
2. Donations and similar income
| Donations | 2,023 £ 13,306 13,306 |
2,022 £ 10,045 10,045 |
|---|---|---|
Donations received include separate donations made by individuals and organisations in the local area together with the contents of collecting boxes.
3. Investment income
| Interest on cash deposits Property rents received |
2,307 48,714 51,021 |
1,675 48,834 50,509 |
|---|---|---|
The Geoff Hill Charitable Trust
Page 7
| Notes forming part of the financial statements For the Year Ended 31st May 2023 Legal Costs re investments Property Repairs 5. Grants payable Grants 6. Governance Costs Postages, printing and administration 7. Tangible assets Investment Property Valuation: As at 1st June 2022 Additions As at 31st May 2023 4. Costs of generating investment income |
2,023 £ - - - 42,048 42,048 919 919 644,216 - 644,216 |
2,022 £ 108 - 108 25,552 25,552 267 267 644,216 - 644,216 |
|---|---|---|
The investment properties are carried at market value at 31st May 2022 which is estimated by the trustees to be not materially different from their historical cost.
8. Creditors & accruals
| VAT payable | 778 778 |
786 786 |
|---|---|---|
9. Staff costs and Trustees’ remuneration
There were no employees during the current or previous periods.
The trustees received no remuneration and were not reimbursed for any of their expenses during the year.