The Geoff Hill Charitable Trust **Charity no: 1067258** Report and Financial Statements For the Year Ended 31st May 2024 for The Geoff Hill Charitable Trust The Geoff Hill Charitable Trust |Contents of the Report and Financial Statements|| |---|---| |For the Year Ended 31st May 2024|| ||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 **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 2024 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 2024. 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 £4,762 (2023 : £2,307) and rental income from the freehold property investments was £48,834 (2023 : £48,714). 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 £32,813 (2023 : £42,048), representing some 58% of the Trust’s total general income, and benefiting some 169 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 : 30th August 2024 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 2024 I report on the accounts of the Trust for the year ended 31st May 2024, 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 - 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: 1. which gives me reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with section 130 of the Charities Act; and - 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 2. 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 : 30th August 2024 The Geoff Hill Charitable Trust Page 4 Statement of Financial Activities For the Year Ended 31st May 2024 |**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
Gain/(Loss) in valuation of investments
Net incoming resources (resources expended)
Net movement in funds:
Balances brought forward at 1st June 2023
Balances carried forward at 31st May 2024|**2024**
**£**
-
2,500
-
53,596
56,096
-
710
32,813
732
34,255
13,444
35,285
1,112,522
1,147,807|**2023**
**£**
13,306
-
-
51,021
64,327
-
-
42,048
919
42,967
-13,734
7,626
1,104,896
1,112,522| |---|---|---| The Geoff Hill Charitable Trust Page 5 ## Balance Sheet For the Year Ended 31st May 2024 |**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|**2,024**
**£**
644,216
644,216
-
199,602
304,717
504,319
728
503,591
1,147,807
1,147,807
1,147,807|**2,023**
**£**
644,216
644,216
-
186,158
282,926
469,084
778
468,306
1,112,522
1,112,522
1,112,522| |---|---|---| Approved by the trustees and signed on their behalf by: Mrs S Hill Dated : 30th August 2024 The Geoff Hill Charitable Trust Page 6 Notes forming part of the financial statements For the Year Ended 31st May 2024 ## **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|**2,024**
**£**
-
-|**2,023**
**£**
13,306
13,306| |---|---|---| 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|4,762
48,834
53,596|2,307
48,714
51,021| |---|---|---| The Geoff Hill Charitable Trust Page 7 |ff Hill Charitable Trust||Page 7| |---|---|---| |Notes forming part of the financial statements||| |For the Year Ended 31st May 2024||| ||**2,024**|**2,023**| ||**£**|**£**| |**4. Costs of generating investment income**||| |Cost of Energy Certificates|710|-| |Property Repairs|-|-| ||710|-| |**5. Grants payable**||| |Grants|32,813|42,048| ||32,813|42,048| |**6. Governance Costs**||| |Postages, printing and administration|732|919| ||732|919| |**7. Tangible assets**||| |Investment Property||| |Valuation:||| |As at 1st June 2023|644,216|644,216| |Additions|-|-| |As at 31st May 2024|644,216|644,216| |The investment properties are carried at market value at 31st May 2024 which is estimated by the||trustees to| |be not materially different from their historical cost.||| |**8. Creditors & accruals**||| |VAT payable|728
728|778
778| |---|---|---| ## **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.