2020-12-31-accounts - Lodge Hill Trust

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Registered number: 03590104 Charity number: 1071041 Lodge Hill Trust (A company limited by guarantee) Unaudited Trustees. report and financial statements For the year ended 31 December 2020

Lodge Hill Trust IA company limited by guarantee) Contents Page Reference and administrative details of the company. its Trustees and advisers Trustees. report Independent examiner's report Statement of financial activities 10 Balance sheet Statement of cash flows 13 Notes to the financial ststements 14-33

Lodge Hill Trust IA company limited by guarantee) Reference and administrative details of the company> its Trustees and advisers For the year ended 31 December 2020 Trustees Mr Matthew Wykes, DipPFS, Chairman Mr Guy Nelson, MA (Edl,. NPQH Mr Richard Whillaker Ms Penny Bames Mr Robert Allison, FCA, Bsc Ihonsl (resigned 8 December 20201 Ms Shirley Robinson-viney Ms Lyn Aaron Ferringo {resigned 20 March 2020) Company registered number 03590104 Charity registered number 1071041 Registered office L(xlge Hill, Walersfield. Pulborough, West Sussex, RH20 1 LZ Company secretary Ms Kathryn Collet Bsc {honsl (resigned 28 January 20201 Shirfey Robinson-viney lappointed 28 January 20201 President Col. Sir Brian 8artlelot, Bt,. OBE,. DL Accountants Kreston Reeves LLP, 9 Donnington Park, 85 Birdham Road, Chichester, West Sussex, P020 7AJ Bankers CAF Bank Ltd, Kings Hill, Wesl Malling, Kent, ME19 4JQ Solicitors Miller Parris, Broadwater, Worthing, West Sussex, BN14 8JB Investmènt advisors Waverton Investment Management Ltd, 16 B8bmaes Street, London, SW1Y 6AH Key Management Personnel Lisa May Bsc Ihonsl,. Dip HSW, Chief Executive Officer Katie Collet, BSC, Finance Manager Richard Tomkins, House Manager (resigned September 20201 Thomas Dutson, Activities Manager Page 1

Lodge Hill Trust IA company limited by guarantee) Reference and administrative details of the company. its Trustees and advisers Icontinuedl For the year ended 31 December 2020 Patrons Mrs Susan Pyper ILord Lieulenanl of Wesl Sussex) Col. Sir Brian Bartlelol, Bt,. OBE,. DL The Lord Dholakia, OBE',DL sVIa Countess of Limerick, CBE Page 2

Lodge Hill Trust IA company limited by guarantee) Trustees. report For the year ended 31 December 2020 The Trustees present their annual report together with the financial statements of the company for the 1 January 2020 10 31 December 2020. The Annual report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice ISORPI applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021 leffeclive 1 January 20191. Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. Objectives and activities a. Objectives and aims The aim and purpose of the Trust is lo ensure that the young people and others of Wesl Sussex and beyond enjoy the educational benefits available at the Centre. The objects of the Trust sel this out as.. 11 The advancement of the education of young people, primarily those resident in the county of West Sussex, by helping them lo develop their mental and physical capacities that they may grow lo full maturity as individuals and members of society and that their conditions of life may be improved. 21 The provisions of facilities for the further education of adults, primarily those resident in the county of West Sussex. b. Charitable activities Under the Charities Act 2006, the trustees are required lo report on how the Trust has Carried out its aims for the public benefit. The Trust's objects are sel out in the Memorandum of Association and include particularly the 8dv8ncemenl of the education of young people and the provision of the facilities for the further education of 8dults. The Charity Commission has set out 2 key principles of public benefit, being that there musl be identifiable benefits which are related lo the Trust's aims and that the benefit must be for the public or 8 section of the public. Al Identifiable benefits related to the objects of the Trust include the following.. 1. Provision of Facilities The 32-acre sile al Lodge Hill includes a camp site, residential accommodation, outdoor activities and meeting and conference facilities. 2. Giving an education The Trust's employees include instructors who are trained in the use of all the facilities al the site enabling all the users lo be educated in their use. The instructors are not only able lo leach users how to achieve personal largels bul also, very importantly, how to achieve those targets as a part of a group or team. The Trust achieved accreditation with "Leaming Outside the Classroom" Page 3

Lodge Hill Trust IA company limited by guarantee) Trustees. report {continuedl For the year ended 31 December 2020 3. Preserving the environment The Trust's 32 acre site is mainly wotxlland which is maintained by the Trust's employees for the benefit of all the users generally but also allowing, particularly, school groups, lo fulfil educational requirements arising from the national curriculum. B) The benefit for the public can be illustrated as follows.. 1. In the year ended 31st December 2020, there were approx. 14,000 users (mainly children and young people} who visited Lodge Hill. This was due to reduced operations due to the pandemic and the restrictions put in place. School and larger groups were not able lo visit Lodge Hill. We were however, able lo continue supporting vulnerable young people and SEND families throughout the year. 2. Many of these users were young people that took part in activities organised by the outdoor instructors during the period. The Trust has made it a particular priority lo ensure that the cenlre's facilities are available for disabled users and our work in this regard has been recognised by the Go Easy Improving Access Awards in conjunction with Chichèster District Council. The now inclusive facilities have attracted a spectrum of users. Achievements and performance a. Chairman's Report At Lodge Hill we regularly review the site and the aclivilies on offer lo ensure we keep up with the changing needs of our customers and their range of requirements. Our main objective is lo secure our long-lerm future with a number of initiatives. Ultimately, we strive to be the prime provider of outdoor activities for young people. On paper, 2020 was going lo be a record year, the first year we started lo attract overseas groups and bookings were extending over what would have previously been described as, quieter months. We have been severely tested with the pandemic that struck at the end of February. Lisa Mals endeavours lo secure donations, funding and grants have seen us survive an unprecedented all8ck on our very surviv81 as a charity. We maintained a core staff presence lo maintain site and manage the increasing numbers of vulnerable young people that required 1..1 support. We m8inlained our commitment lo the Challengeu project on a 1..1 basis also. The rest of our team were furloughed. As the lockdowns ensued. Lisa and I took the opportunity to review how we would recover from this situation and what our structure and service would look like going forward. We are confident we will have the right people in the right places and be in a very strong position to maximise occupancy, service the contracts in place and come out of the lockdown much leaner and more capable lo deliver full-service levels. Phase of our Vision was delayed due to the pandemic but we are still on course lo deliver a disability suite with adjacent carers, room. We are still committed lo selling a small parcel of land on the North East boundary. This will secure enough funding to place funds into reseNe. 11 will also allow us lo move fomard on our expansive modernizing and maintenance programme. Our core business is schools in a day visit or residential capacity. We have a strong and growing relationship with Wesl Sussex County Council and are one of their preferred providers of activities for family groups with a disabled child or young person. The Challengeu programme for young people that have offended, are at risk of offending or have disengaged with society or education is becoming an increasing influence on our overall Page 4

Lodge Hill Trust IA company limited by guarantee) Trustees. report {continuedl For the year ended 31 December 2020 offering al Lodge Hill and the need increases with much younger young people requiring intervention and support than we had anticipated. The centre is licensed for weddings and we have a unique offering for those wishing lo share their special day al Lodge Hill. We have great conference facilities to host meetings, corporate events and presentations that add additional income streams to support our core work of supporting children and young people to thrive. 2019 saw the added income stream from the newly refurbished cottage at the grounds entrance. It is multi-use and has seen a welcome source of income from groups tx)oking via the Air BnB website. The centre would not be the success it is without the hard work and dedication of the superb Lodge Hill team guided by Lisa May, our dedicated CEO and the hours of voluntary work carried out by our highly motivated Trustees. We are incredibly lucky to receive wide ranging support from generous funders, sponsors and donors. Our President, Patrons and Company Members have played a significant role in the development and success of Lodge Hill through their continued support. I will finish this section with a special tribute lo Lisa May. She has been instrumental in the survival of our charity through the pandemic. Without her hard work. leadership, ideas and relationships with key contacts, l am sure we wouldn't be as far ahead as we are now. Development plan In devèloping our business plan we recognised that the challenge for Lodge Hill was lo become a viable and accessible, high-class provider of choice for users from West Sussex and beyond requiring outdoor aclivilies, residential trips and day meetingslconferences, thus enabling the Trust to remain financially sustainable. We reaffimed the Trust's mission lo target a wide range of groups and individuals, including those with physical disabilities, mental health or learning difficulties and young offenders. The business plan identified that in order to achieve this challenge the Trust would need lo.. 1. Maintain financial sustainability whilst ensuring Lodge Hill provides best value for money for young people 2. Maintain a professional and committed staff team 3. Maximise the use of facilities and establish on-going communications with key players and supporters 4. Maintain the centre and ils facilities to a high standard and plan appropriate improvements 5. Establish joint initiatives with recognised partners and targeted funding. The business plan is a 'live' document and as such is constsntly being updated and refined. b. Key performance indicators The principle indicators of perfomance are financi81 reporting of current results compared lo the budget numbers and previous years. The budget is formally adopted 8t a meeting of Trustees 8t the start of the year. Financi81 reports are prepared by the Accounts Manager and considered in detail by the Finance Committee four times per year. They are presented and discussed by the full board of trustees al each of their meetings. Client Satisfaction and statistics of repeat bookings are also considered as performance indicators. c. Events since the balance sheet date As the pandemic reslriclions began to ease, operations increased toward the end of 2020 and bookings are looking strong into 2021. Full operation in 2022 is expected now that most legal constraints due lo Covid have been removed as of July 2021. Schools and groups have booked in droves, especially from mid-2021 and throughout 2022, into 2023. New customers have booked for residential and activity days who would previously have visited other centres. Fundraising continues for recovery from Covid funds. We have been incredibly well SUPPDrted by our funders throughout the Covid crisis and this support continues. The WSCC SEND Team have awarded additional contract funds for Lodge Hill lo provide support lo families and young people lo build confidence following the challenges of lock down periods they have endured. At the ts'me of writing the Trust has not ulilised the CAF loan il took out as a safeguard when the pandemic began. Page 5

Lodge Hill Trust IA company limited by guarantee) Trustees. report {continuedl For the year ended 31 December 2020 d. Investment policy The Trust has unreslricled authority to invest its funds in the furtherance of its charitable objectives. A proportion of retained reserves is held in the form of listed investments.11 is the Trust's policy lo have these managed by an independent investment manager under a discretionary mandate requiring a mix of equity and fixed income investments. Alhough the Trust has not adopted a specific ethical policy they have instructed the investment manager that they should refrain from investing in companies that undertake activities that are incompatible with the aims and objectives of Lodge Hill. The trustees review the performance of the investment manager periodically and consider the returns achieved to date to have been satisfactory. Financial review a. Financial review 2020 has been a particularly difficult year due lo the Covid-19 pandemic preventing the trust from delivering residential and outdoor activities throughout most of the year. We were able to adapt our delivery in order lo provide outdoor activities which has meant a smaller decrease of £23,736 in activities income. Residential income however has been hit much harder wtth decrease in income of £268,935. Despite being able to reduce some costs, the running and upkeep of the sile has resulted in an overall deficit of £85,127 12019.. 426,642 surplus). b. Going concem After making appropriate enquiries, the Trustees have a reasonable expectation that the company 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 concem basis can be found in the accounting policies. c. Reserves policy The Trustees review the level of reserves regularly. Reserves are a key element of financial stability and allow the Trust to cope with the fluctuating nature and timing of cash flows. Reserves allow the Trust to deal with unexpected expenditure or changes in income and give lime for appropriate action to be taken. Structure, govemance and management a. Constitution Lodge Hill Trust {the charity or the Trusll is 8 private company limited by guarantee under registered number 03590104, and a registered charity under charity number 1071041. It was incorporated on 30th June 1998 in the United Kingdom. The charity is govemed by its Memorandum and Articles of Association. b. Methods of appointment or election of Trustees New Iruslees are recruited primarily by ulilising the knowledge of the existing Irustees who have a wide network of contscts in the voluntary and business communities in Wesl Sussex. Potential trustees visit Lodge Hill and meet with the chaim)an and al least one other trustee. They are provided with background papers and receive a detsiled briefing. If both sides feel that they wish to proceed, the potential Iruslee is invited to attend a trustees, meeting as an observer. Following the meeting a decision is made on whether lo invite the individual lo become a trustee. When seeking new trustees Lodge Hill looks for'.- Compatibility with the charitvs values, aims and way of working. Availability to attend meetings, support aclivilies, work on sub-committees, interact with staff and lo encourage supporters. Page 6

Lodge Hill Trust IA company limited by guarantee) Trustees. report {continuedl For the year ended 31 December 2020 An enduring enthusiasm for the charity's objectives. An ability lo establish priorities and lo make logical decisions. They must be able lo contribute effectively, to have listening skills and must have a willingness to share responsibilities. While specialist expertise is not a pre-requisite, new trustees should enrich the diversity of the board. Trustees must possess independence of mind and have the skill lo challenge conslruclively. and be capable of and have experience of strategic thinking al board level. All new Iruslees join an induction programme designed to familiarise them with the strategy, management and day-to-day activity of Lodge Hill. c. Organisational structure and decision-making policies The trustees meet as a board on al least four occasions during the year. Closer involvement in the charity's activities is maintained by appropriate committees of trustees, staff, users and professional advisers. Each committee reports to the board and is chaired by a trustee. Committees that were in place in 2020 were= Premises Finance Health and Safety Marketing Vision The day-to-day activities have been directed by the Chief Executive, Lisa May, who works closely with the chaimian of the Trustees. She is supported by her management team. Wider network L(Klge Hill works with a wide range of youth and community organisations bul does not have formal links with any wider network. d. Pay policy for senior staff The Finance Committee together with the Chairperson meet in December to consider salaries for key staff to be applied in the following financial year. The Committee consider proposals from the Chief Executive which take into account prevailing rates of pay in the local area together with any change in responsibilities. The Committee also consider the remunemtion of the Chief Executive. e. Related party relationships The Supporters of Lodge Hill is a separate charity {registr8tion number 10872691 that supports the work of Lodge Hill. 11 has ils own constitution and trustees. The Trust owns the issued share capital of Lodge Hill Services Limited. This company is domant and has not traded during the current financial year. f. Flnanclal rlsk management The Trustees consider the risks faced by the Trust at a special meeting at the year end and also consider measures lo redu their likelihood and impact. Sudden loss of income is the principle concern either from changes in the market which could reduce the capacity of the Irusl's clients lo fund their visits or from damage lo the facilities. The former risk is countered by sustained, tsrgeted marketing and efforts lo increase the breadth of ils user groups. Risks lo the facility are countered by careful management and an awareness of risks in the day to day operations. Page 7

Lodge Hill Trust IA company limited by guarantee) Trustees. report {continuedl For the year ended 31 December 2020 Statement of Trustees. responsibilities The Trustees (who are also the directors of the company for the purposes of company lawl 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). Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the stale of affairs of the company and of its incoming resources and application of resources, including ils income and expenditure, for that period. In preparing these financial statements, the Trustees are required lo.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 102}', make judgments and accounting estimates that are reasonable and prudent., slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concem basis unless it is inappropriate to presume that the company will continue in business. The Trustees are responsible for keeping adequate accounting records that are suffieienl to show and explain the company's transactions and disclose with reasonable accuracy at any lime the financial position of the company and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by.. Mr Matthew Wykes. DipPFS Dale.. 11-ofi-L Page 8

Lodge Hill Trust IA company limited by guarantee) Independent examiner's report For the year ended 31 December 2020 Independent examinerfs report to the Trustees of Lodge Hill Trust I'the company'l I report lo the charity Trustees on my examination of the accounts of the company for the year ended 31 December 2020. Responsibilities and basis of report As the Trustees of the company land ils directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordan with the requirements of the Companies Act 20061'the 2006 Act'l. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 1.the 2011 Act'l. In carrwng out my examination I have followed the Directions given by the Charity Commission under section 14515}Ibl of the 2011 Act. Independent examiner's statement Since the companls gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination because l am a member of (enter body here), which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connedion with the examination giving me cause to believe.. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act., or the accounts do not accord with those records,. or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give 8 'lrue and fair, view which is not a matter considered as part of an independent examin8tion', or the accounts have not been prepared in accordance with the methods and principles of the Slalement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. 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. This report is made solely lo the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale lo the company's Trustees those matters l am required lo stale to them in an Independent examiner's report and for no other purpose. To the fullest exlenl permilled by law, I do not accept or assume responsibility to anyone other than the company and the companls Trustees as a body, for my work or for this report. Signed.. Dated.. 20 September 2021 Simon Webber BA {Honsl, DChA, FCA Kreston Reeves LLP Chartered Accountsnls Chichester Page 9

Lodge Hill Trust {A company limited by guarantee) Statement of flnanclal actlvltles {Incorporatlng Income and expendlture account) Forthe year ended 31 December 2020 Unrestricted funds General Deslgnated Restrlcted funds funds funds 2020 2020 2020 Total Total funds 2020 funds 2019 Note Income from: Donations and legacies Charitable activities Investments Other income 206.156 218.814 1,687 30,375 52.000 258,156 218,814 1,687 30,375 580,602 555,791 1,274 29,278 Total income 457,032 52,000 509,032 1.166,945 Expenditure on.. Charitable activities 498,560 77.721 23.812 600.093 752,148 Total expenditure 498,460 77,721 23,812 600,093 752,148 Net gains on investments 5.934 5,934 11,845 Net {expenditure)lin¢ome 141.5281 171,7871 28,188 185.1271 426,642 Transfers between funds Net movement in funds 141.5281 171,7871 28,188 185.1271 426,642 Reconciliation of funds- Total funds brought fOard Net movement in funds 180.3101 141.5281 2,213,078 171,7871 98.449 2.231,217 1,804,575 28,188 185.1271 426642 Totsl funds Carried fopHard {121.8381 2,141.291 126,637 2.146,090 2,231,217 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 14 to 33 fomi part of these financial statements. Page 10

Lodge Hill Trust IA company limited by guarantee) Registered number- 03590104 Balance sheet As at 31 December 2020 2020 2019 Note Fixed assets Tangible assets 2.067,035 2,144,755 2.067.035 2,144,755 Current assets Stocks Debtors Investments Cash al bank and in hand 2,749 3,227 74,255 244,419 4,801 29,785 68,321 132,418 14 15 324,650 235,325 Creditors.. amounts falling due within one year 16 (71.9321 {110.3251 Net current assets 252,718 125,000 Total assets less current liabilities 2.319,753 2,269,755 Creditors.. amounts falling due after more than one year 17 (173,6631 {38,5381 Net assets excluding pension asset 2.146,090 2,231,217 Total net assets 2.146,090 2,231,217 Charlty funds Restricted funds 18 126,637 98,449 Unrestricted funds Designated funds General funds 18 2.141,291 (121,8381 2,213,078 180.3101 18 Total unrestricted funds 2,019,453 2,132,768 Total funds 2.146,090 2,231,217 Page 11

Lodge Hill Trust IA company limited by guarantee) Registered number- 03590104 Balance sheet Icontinuedl As at 31 December 2020 The company was enlilled lo exemption from audit under section 477 of the Companies Act 2006. The members have not required the company lo obiain an audit for the year in question in accordan with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complwng with the requirements of the Act with respect lo accounting records and preparation of financial stalemenls. The financial statements have been prepared in accordance with the provisions applicable lo enlilies subjed lo the small companies regime. The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by= Mr M•tthew Wykes, DlpPFS Dale: The notes on pages 14 to 33 fomi part of these financial ststemenls. Page 12

Lodge Hill Trust IA company limited by guarantee) statement of cash flows For the year ended 31 December 2020 2020 2019 Note Cash flows from operating activities Net cash used in operating activities 20 139,686} 545,623 Cash flows from Investlng actlvltles Dividends, interests and rents from investments Purchase of tangible fixed assets Proceeds from sale of investments 1,687 1,274 1596,8911 60,000 Net cash provided byl{used in) investing activities 1,687 1535,6171 Cash flows from financing activities Cash inflows from new borrowing New finance leases 150,000 35,157 Net cash provided by financing activities 150,000 35,157 Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 112.001 45.163 132,418 87,255 Cash and cash equivalents at the end of the year 21 244,419 132,418 The notes on pages 14 to 33 fom) part of these financial statements Page 13

Lodge Hill Trust IA company limited by guarantee) Notes to the financial statements For the year ended 31 December 2020 General information Lodge Hill Trusl is a company limited by guarantee incorporated in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of its registered Offi is.. Lodge Hill Walersfield Pulborough West Sussex RH20 1LZ Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP {FRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January 20151, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Lodge Hill Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounting policy. 2.2 Going concern The financial statements have been prepared on a going concern basis. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from aulhorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity lo be able lo continue as a going concern. The charity has been materially affected by the global Covid 19 pandemic which emerged in early 2020. The related government imposed reslriclions severely constrained the usual range of activities, whether on a residential or non-residential basis. There has been a significant loss of income compared with what had been expected, although the charity has managed lo adapt ils service offering. This includes increased support and intervention work with vulnerable families and young people. The detrimental impact of Covid 19 on the charity's operating cash flow has been addressed by a range of measures including support from donors, control of costs, participation in, the government's Coronavirus Job Retention Scheme, £50,000 of new funding under the Bourn Back Loan scheme and a further £100,000 5 year loan facility secured against the charity's estate. It is considered these measures will be sufficient to ensure operations can continue for 12 months from the date of financial statement approval. Furthermore, the Charity has been able to revert lo normal trading activity in 2021, with the lifting of government reslriclions. Accordingly, the Iruslees conclude that it is appropriate to adopt the going concern basis in preparing the financial statements. Page 14

Lodge Hill Trust IA company limited by guarantee) Notes to the financial statements For the year ended 31 December 2020 Accounting policies (continued) 2.3 Income All income is recognised On the company has enlillemenl to the income, il is probable that the income will be received and the amount of income re1vable can be measured reliably. The recognition of inwme from legacies is dependent on establishing entillemenl, the probability of receipt and the ability to estimate with sufficient accuracy the amount re1Vable. Evidence of entillemenl to a legacy exists when the company has sufficient eviden that a gift has been left lo them Ilhrough knowledge of the existence of a valid will and the death of the benefaclorl and the executor is satisfied that the property in question will not be required lo satisfy claims in the estate. Receipt of a legacy musl be recognised when it is probable that il will be reiVed and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed lo the company, can be reliably measured. Grants are included in the Ststemenl of financial activities on a re1vable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balan sheet. Where income is received in advance of enlillemenl of receipt, ils rewgnilion is deferred and included in creditors as deferred income. Where entitlement occurs before inwme is reived, the income is accrued. Gifts in kind donated for distribution are included al valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical lo measure this reliably, in which case the cost of the item lo the donor should be used. The gain is rewgnised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the company's accounting policies. On receipt, donated professional servi8 and facilities are recognised on the basis of the value of the gift lo the company which is the amount il would have been willing lo pay lo obtain servi8 or facilities of equivalent economic benefit on the open market., a corresponding amount is then rewgnised in expenditure in the period of receipt. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is rewgnised at the lime of the donation. Income lax recoverable in relation lo investment income is recognised al the time the investment income is re1Vable. 2.4 Expenditure Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure is classified by aelivily. The costs 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 allribulable to a single activity are allocated directly to that activity. Shared costs which contribute lo more than one activity and support costs which are not attributable lo 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 lime spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incLJrred on directly undertaking the activities which further the company's objectives, as well as any associated support costs. Page 15

Lodge Hill Trust IA company limited by guarantee) Notes to the financial statements For the year ended 31 December 2020 Accounting policies (continued) 2.4 Expenditure (continued} All expenditure is inclusive of irrecoverable VAT. 2.5 Interest receivable Interest on funds held on deposit is included when re1vable and the amount can be measured reliably by the company., this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.6 Tangible fixed assets and depreciation Tangible fixed assets costing £2,000 or more are capilalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the Cost model, tsngible fixed assets are measured al cost less accumulated depreciation and any accumulated impaimient losses. All costs incurred lo bring a tangible fixed asset into ils intended working wndilion should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tsngible fixed assets less their residual value over their estimated useful lives, on the following bases. Depreciation is provided on the following bases= Freehold property, meeting hall 2 - 5 /0 Straight line and campsite Kitchen, campsite and outdoor equipment Motor vehicles Fixtures and fillings offi equipment 10- 25°/o slraighl line 25 /0 reducing balance 15 /0 reducing balance 25 /0 Straight line 2.7 Stocks Stocks are valued al the lower of cost and nel realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 2.8 Debtors Trade and other debtors are recognised at the settlement amoLJnt after any trade discoLJnt offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. 2.9 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 16

Lodge Hill Trust IA company limited by guarantee) Notes to the financial statements For the year ended 31 December 2020 Accounting policies (continued) 2.10 Liabilities and provisions Liabilities are recognised when there is an obligation al the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be eslimaled reliably. Liabilities are recognised al the amount that the company anticipates il will pay lo settle the debt or the amount it has received as adVand payments for the goods or services il musl provide. Provisions are measured at the best estimate of the amounts required to sellle 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 rale that reflects the risks specific to the liability- The unwinding of the discount is recognised in the Stslemenl of financial activities as a finan cost. 2.11 Financial instruments The company 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 al their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.12 Finance leases and hire purchase Assets obtsined under hire purchase contracts and finan leases are Capitalised as tangible fixed assets. Assets acquired by finan lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where subslanlially all of the benefits and risks of ownership are assumed by the wmpany. Obligations under such agreements are included in creditors, nel of the finan charge allocated lo future periods. The finance element of the rental payment is Charged lo the Statement of financial activities so as to produce a constsnt periodic rate of charge on the nel obligation outstanding in each period. 2.13 Operating leases Rentals paid under operating leases are charged lo the Statement of financial activities on a straight line basis over the lease term. 2.14 Pensions In the past the company operated a defined benefits pension scheme for fomier employees. The scheme is a mulli employer scheme where it is not possible, in the normal course of events, lo identify on a consistent and reasonable basis, the share of underlying assets and liabilities belonging to individual participating employers. Therefore, as required by FRS102, the company accounts for this scheme as if il was a defined contribution scheme. The amoLJnt charged lo the Statement of financial activities incorporating income and expenditure account represents conlribLJtions payable lo the scheme in respect of the accounting period. The company operates a defined contribLJtion pension scheme and the pension charge represents the amounts payable by the company lo the fund in respect of the year. Page 17

Lodge Hill Trust IA company limited by guarantee) Notes to the financial statements For the year ended 31 December 2020 Accounting policies (continued) 2.15 Fund accounting General funds are unreslricled funds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is sel out in the notes lo the financial slatemenls. Restricted funds are funds which are to be used in accordance with specific reslriclions imposed by onors or which have been raised by the company 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 stalemenls. Investment income, gains and losses are allocated to the appropriate fund. Critical accounting estimates and areas of judgment Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed lo be reasonable under the circumstances. Critical accounting estimates and assumptions- The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The eslimales and assumptions that have a significant risk of causing a material adjustment lo the carrying amounts of assets and liabilities within the next financial year are discussed below. Critical areas of judgment.. Mulli-em lo er defined benefit ension scheme Certain former employees participate in a multi-employer defined benefit pension scheme with other companies in the region. In the judgement of the Iruslees, the company does not have sufficient information on the plan assets and liabilities to be able to reliably account for ils share of the defined benefit obligation and plan assets. Therefore the scheme is accounted for as a defined contribution scheme, see pension note for further details. Page 18

Lodge Hill Trust IA company limited by guarantee) Notes to the financial statements For the year ended 31 December 2020 Income from donations and legacies Unrestricted Restricted funds funds 2020 2020 Total funds 2020 Total funds 2019 Donations- Individuals Donations - Trusts Donations - Others 6,285 78,650 500 48,500 3,000 6.785 127.150 3,000 10,265 486,512 60,825 23,000 Local authority grants CJRS grant 121,221 121.221 206,156 52,000 258,156 580,602 Totsl 2019 8,324 572,278 580,602 Income from donations and legaeies for 2019 was £8,324 of unrestricted income and £572,278 of reslricled income. Income from Charitable activities Unrestricted funds 2020 Total funds 2020 Total funds 2019 Residential and other charges Day conferences Activities 81,320 15,905 117,711 3,878 81,320 15,905 117.711 3,878 350,255 55,365 141,447 8,724 Campsite hire Totsl 2020 218,814 218,814 555,791 Totsl 2019 555,791 555,791 Income from charitable activities for 2019 was £555,791 of unrestricted income and £nil of restricted income. Page 19

Lodge Hill Trust IA company limited by guarantee) Notes to the financial statements For the year ended 31 December 2020 Investment income Unrestricted funds 2020 Total funds 2020 Total funds 2019 UK quoted investments UK bank accounts 1,595 92 1.595 92 1,167 107 1,687 1,687 1,274 Total 2019 1,274 1,274 Investment income for 2019 was £1,274 of unreslricled income and £nil of reslricled income. other incoming resources Unrestricted funds 2020 Total funds 2020 Total funds 2019 Phone mast income Rental income Staff accommodation income 15,201 11,674 3,500 15,201 11,674 3,500 15,203 10,675 3,400 30,375 30,375 29,278 Total 2019 29,278 29,278 Other incoming resources for 2019 was £29,278 of unrestricted income and £nil of restricted income. Analysis of expenditure by activities Activities undertaken directly 2020 Support costs 2020 Total funds 2020 Total funds 2019 Activities 587,939 12,154 600.093 752,148 Total 2019 731,484 20,664 752,148 Page 20

Lodge Hill Trust IA company limited by guarantee) Notes to the financial statements For the year ended 31 December 2020 Analysis of expenditure by activities (continued) Analysis of direct costs Total funds 2020 Total funds 2019 Activities 2020 Staff costs Staff training and welfare Activities expenses Cleaning and laundry Course expenses Domestic services 365,653 2,500 9,223 1,403 80 365.653 2,500 9,223 1,403 80 447,533 6,437 8,718 4,358 976 7,556 5,594 748 107 20,370 24,390 1,558 2,698 8,317 77,721 48,452 4,651 2,506 4,412 7,556 5,594 36,465 12,875 3,864 916 15,675 37,954 4,214 3,810 16,396 76,563 47,477 4,667 645 Equipment PLJrchased Inslruclors Uniform Insurance 107 20,370 24,390 1,558 2.698 8,317 77,721 48,452 4.651 2,506 4,412 Light and heat Motor and travel Printing, postage and ststionery Rates Depreciation Repairs and maintenan Telephone Sundry expenses Interest 1,941 587,939 587.939 731,484 Total 2019 731,484 731,484 Page 21

Lodge Hill Trust IA company limited by guarantee) Notes to the financial statements For the year ended 31 December 2020 Analysis of expenditure by activities (continued) Analysis ofsupport costs Total funds 2020 Total funds 2019 Activities 2020 Stsff training and welfare Legal and professional Activities expenses Governance costs 1,201 1,834 1,022 8,097 1.201 1,834 1,022 8.097 4,006 4,182 1,188 11,288 12,154 12,154 20,664 Total 2019 20,664 20,664 Governance costs comprise of audit fees of £nil12019.. £7,500), independent examination fees of £3,600 {2019.. £nill and other accountancy fees of £4,49712019.. £3,788). Independent examiner's remuneration 2020 2019 Fees payable lo the company's independent examiner for the independent examination of the company's annual accounts Fees payable lo the companvs independent examiner in respect of.. Audit of the annual accoLJnts 3.600 7,500 3,788 All other services not included above 4.497 10. Staff costs 2020 2019 Wages and salaries Social security costs Pension costs 343,260 18.186 4.207 411,112 24,301 12,120 365,653 447,533 Page 22

Lodge Hill Trust IA company limited by guarantee) Notes to the financial statements For the year ended 31 December 2020 10. Staff costs (continued} The average number of persons employed by the company during the year was as follows- 2020 No. 2019 No. Full and part lime staff 27 29 The number of employees whose employee benefits {excluding employer pension costs) exceeded £60,000 was.. 2020 No. 2019 No. In the band £60,001 - £70,000 Details of key management personnel Can be found on the information page. The lotsl amount of employee benefits (including employer pension contributions} received by key management personnel for the services lo the Charity were £179,632 (2019.. £176,971). 11. Trustees. remuneration and expenses During the year, no Trustees reiVed any remuneration or other benefits12019- £NILI. During the year ended 31 December 2020, no Trustee expenses have been incurred12019 - £NILI. Page 23

Lodge Hill Trust IA company limited by guarantee) Notes to the financial statements For the year ended 31 December 2020 12. Tangible fixed assets Freehold property? meeting hall Fixtures, and fittings and campsite equipment Total Cost or valuatlon At 1 January 2020 2,701,242 342,722 3,043,964 At 31 December 2020 2,701,242 342,722 3,043,964 Depreciation At 1 January 2020 Charge for the year 646.176 53.550 253,033 24,170 899,209 77.720 At 31 December 2020 699,726 277,203 976,929 Net book value At 31 December 2020 2,001.516 65,519 2.067,035 At 31 December 2019 2,055,066 89,689 2,144,755 The nel book value of assets held under finance leases or high purchase contracts, included above, is £27,65312019.. £34,566). 13. Stocks 2020 2019 Catering Finished goods and goods for resale 1.310 1.439 2,927 1,874 2,749 4,801 Page 24

Lodge Hill Trust IA company limited by guarantee) Notes to the financial statements For the year ended 31 December 2020 14. Debtors 2020 2019 Due within one year Trade debtors Prepayments and accrued income 46 3.181 20,912 8,873 3,227 29,785 15. Current as$et investments 2020 2019 Listed investments Unlisted investments 73.877 378 67,943 378 74,255 68,321 16. Creditors: Amounts falling due within one year 2020 2019 Bank loans 4,723 12.104 26,743 8,013 2,475 17.874 Trade creditors 46,893 23,000 7,200 4,216 29,016 Other taxation and social security Obligations under finance lease and hire purchase contraels other creditors Accruals and deferred income 71.932 110,325 2020 2019 Deferred income at 1 January 2020 ReSoUrS deferred during the year Amounts released from previous periods 20.166 12.924 120,166} 15,457 20,166 115,4571 12,924 20,166 Deferred income comprises of phone mast income £12,66812019.' £15,201 }, rental income of £25612019.. £2561, residential income of £nil12019.' £2,549) and activities income of £nil12019.' £2,160). Page 25

Lodge Hill Trust IA company limited by guarantee) Notes to the financial statements For the year ended 31 December 2020 17. Creditors: Amounts falling due after more than one year 2020 2019 Bank loans Nel obligations under finance lease and hire purchase contracts Other creditors 145,277 20.279 8.107 27,957 10,581 173,663 38,538 A Bank loan of £100,000, included in creditors falling due after more than one year, is secured by a fixed charge over the tangible fixed assets of the Charity. Page 26

Lodge Hill Trust IA company limited by guarantee) Notes to the financial statements For the year ended 31 December 2020 18. Statement of funds statement of funds - current year Balance at 31 Gainsl December {Losses) 2020 Balance at 1 January 2020 Income Expenditure Unrestricted funds Designated funds Fixed asset fund Continuity reseNe 2,144.755 68.323 177,7211 2,067.034 74,257 5.934 2,213.078 177,7211 5,934 2,141,291 General funds General Fund 180.310) 457,032 (498,5601 1121,838) Total Unrestricted funds 2,132.768 457,032 1576,2811 5,934 2,019.453 Restricted funds Tennis court Rank foundation 1.838 820 1,838 820 Sno-tubing Adapted golf buggy Ch811engeU Small restricted fLJnds 899 2.410 21.452 2,935 2.248 56.549 5.094 1,500 2,704 899 2,410 50,851 2,773 430 48,500 119,1011 11621 (1,8181 In memory of P Hardwick The Vision Project- Phase 2 20th Anniversary We Cycle Too Kayaks Teleswpe Christmas pudding concert 56,549 5,094 1,500 2,704 269 500 3,000 500 (2,7311 98,449 52,000 123,8121 126,637 Total of funds 2,231,217 509,032 1600,0931 5,934 2,146,090 Page 27

Lodge Hill Trust IA company limited by guarantee) Notes to the financial statements For the year ended 31 December 2020 18. Statement of funds (continued) Designated funds: The fixed asset fund is not readily available lo spend, it is the balance of the fixed assets. value. The Continuity reserve is the balance of the current asset inveslmenls. value. General funds: The trustees have considered the deficit in the general fund and consider this lo be temporary, and have therefore not considered il necessary lo draw down on the continuity fund. The trustees will review this position in future years, should the situation Change. Restricted funds.. Tennis court- funds reiVed to cover the costs of building and maintaining the tennis court. Rank foundation funds reiVed lo cover the costs of a students living and general expenses whilst completing an apprenticeship al Lodge Hill. Sno tubing funds- received lo cover the costs of building and maintaining the sno lubing aclivily. Golf buggy - funds received toward the costs of an adapted golf buggy which will be purchased once sufficient funds have been raised. Challengeu funds - received lo cover certain stsffing costs of the Challengeu project. The Vision Project - funds received in relation to the refurbishment and extension of the kitchen, dining and residential facilities in order lo accommodate the increasingly larger groups wishing lo visit Lodge Hill. Funds were received from many donors, including bul not limited lo.. Individual donations, Garfield Weston, Bradbury Foundation, ACT Foundation, Ernest Kleinwort Charitable Trust, Edward Gosling Foundation, Foe Foundation, Hobsons Charity, Beatrice Laing Foundation and Bassil Shippham and Alsford Trust. Upon expenditure of the restricted income received into this fund, on capital items within the restriction, the fund balance is transferred to the designated fixed asset fund, as il is no longer available for expenditure. In memory of P Hardwick - funds re1Ve in memory of the late President, Penny Hardwick. These funds are being applied lo the Vision Projed which she fully supported. 20th Anniversary - Lodge Hill has sucsSfUllY raised funds to install a bespoke disability suite with adj?nt carers bedroom and en-suite on the ground floor of Hardwick Hall. Lodge Hill now needs lo raise £3,000 for soft furnishings, an intercom system and equipment lo make the suite comfortable and homely for future visitors. We Cycle Too This donation was made lo maintain the Disability Bikes which were gifted lo Lodge Hill in 2018. Kayaks - This funding was given by the Hedley Foundation for the purchase of Kayaks and equipment. Telescore These funds were donated by the Rotary Club of Storrington and Pulborough District for the purchase of a telescope and training for delivery of sessions. Christmas Pudding Concert - This fLJnding was raised to be used for the fixtures and fittings for the Disability Suite, when complete. The Trustees are satisfied that there are adequate resources available to enable each of the above funds lo be applied in accordance with the restrictions imposed. Page 28

Lodge Hill Trust IA company limited by guarantee) Notes to the financial statements For the year ended 31 December 2020 18. Statement of funds (continued) statement of funds - prior year 31 December 2019 1 January 2019 Transfers inloul Gainsl (Losses) Income Expenditure Unrestricted funds Designated funds Fixed asset fund Continuity reserve 1,624,423 {76,5631 596,895 2,144,755 116,478 160,0001 11,845 68,323 1,740,901 176,5631 536,895 11,845 2,213,078 General Fund 129,062) 594,667 1652,6351 6,720 180,3101 1,711,839 594,667 1729,1981 543,615 11,845 2,132,768 Rgstrid9d funds Tennis court Rank foundation Sno-tubing Golf buggy Challengeu Small restricted funds In memory of P Hardwick 1,838 820 1,838 820 899 2,410 16,402 899 2,410 21,452 28,000 122,9501 2,935 2,935 2,248 2,248 The Vision Project- 1 The Vision Project- 2 20th Anniversary We Cycle Too Kayaks 65,184 478,431 1543,615) 56,549 5,094 1,500 2,704 56,549 5,094 1,500 2,704 92,736 572,278 122,9501 1543,615) 98,449 Page 29

Lodge Hill Trust IA company limited by guarantee) Notes to the financial statements For the year ended 31 December 2020 18. Statement of funds (continued) Total of funds 1,804,575 1,166,945 1752,1481 11,845 2,231,217 19. Analysis of net assets between funds Analysls of net assets between funds - current perlod Unrestrlcted Restrlcted funds funds 2020 2020 Total funds 2020 Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year 2,067,035 198,013 1217,209) 128,386) 2.067,035 324,650 1217.2091 (28.3861 126,637 Total 2,019,453 126,637 2,146,090 Analysis of net assets between funds - prior period Unreslricled funds 2019 Reslricled funds 2019 Total funds 2019 Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year 2,144,755 136,876 1110,325) 138,538) 2,144,755 235,325 1110,3251 138,5381 98,449 Total 2,132,768 98,449 2,231,217 Page 30

Lodge Hill Trust IA company limited by guarantee) Notes to the financial statements For the year ended 31 December 2020 20. Reconciliation of net movement in funds to net cash flow from operating activities 2020 2019 Nel incomelexpendilure for the period las per Statement of Financial Acliviliesl 185.127} 426,642 Adjustments for: Depreciation charges {G8inslllosses on investments Dividends, interests and rents from investments Decrease in stocks 77,720 15.934} 11,687} 2,052 26,558 153.268} 76,563 {11,8451 11,2741 845 Decreasellincreasel in debtors Increaselldecreasel in creditors 14,1561 58,848 Net cash provided byl(used in) operating activities 139,686} 545,623 21. Analysis of ca$h and Cash equivalents 2020 2019 Cash in hand 244.419 132,418 Total cash and cash equivalents 244,419 132,418 22. Analysis of changes in net debt Changes in market value and exchange Finance rate leases movements At1 January 2020 Cash flows At31 December 2020 Cash at bank and in hand 132.418 118,866 14,7231 1145.2771 (6,8651 244.419 14,7231 1145,2771 {28,2921 74.255 Debt due within 1 year Debt due after 1 year Finance leases Liquid investments 135.157) 68.321 6.865 5.934 165.582 (31.1341 5,934 140,382 Page 31

Lodge Hill Trust IA company limited by guarantee) Notes to the financial statements For the year ended 31 December 2020 23. Pension commitments Defined contribution scheme.. For current employees, Lodge Hill Trust operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension costs charged lo the statement of financial activities represents conlribulions payable by the charity lo the fund and amounted lo £4,809 12019.. £4,022}. There were outstanding contributions at the balance sheet date of £nil.12019'. £1,813). Multi employer defined benefit pension scheme: For certain former employees, Lodge Hill Trust participates in The Pensions Trust's Growth Plan Ithe Plan). The Plan is funded and is not contracted out of the stste scheme. The Plan is a multi employer defined pension plan. The charills eligible employees are auto enrolled into the pension scheme with The Pensions Trust. The Plan is a mulli employer scheme where the plan assets are co-mingled for investment purposes, and benefits are paid from the total Plan assets. 11 is not possible in the normal course of events lo identify on a reasonable and consislenl basis the share of the underlying assets and liabilities belonging to the individual participating employers. Due lo the nature of the Plan, the accounting charge for the year under FRS102 represents the employer wntribution payable. The rules of the Plan give the Trustees the power lo require employers to pay additional contributions in order lo ensure that the statutory funding objective under the Pensions Act 2004 is mel. The statutory funding objective is that a pension scheme should have sufficient assets lo meet its past service liabilities, known as technical provisions. If the aduarial valuation reveals a deficit, the Trustees will agree a recovery plan to eliminate the deficit over a specified period of lime either by way of additional contributions from employers, investment returns or a combination of these. The rules of the Plan slate that the proportion of obligatory contributions lo be bome by the member and the member's employer shall be determined by agreement between them. Such agreement shall require the employer to pay part of such contributions and may provide that the employer shall pay the whole of them. The total employer contribution made for the year ended 31 December 2020 was £2,60312018.' £2, 1911. The agreed normal contribution rates for future years are 3.10 for the employer and 5°/0 for the employees. At the year end there were outstanding contributions of £nil12019.' £nill. As al the balance sheet date there were O active members of the Plan employed by Lodge Hill Trust. Actuarial valuations are carried out every three years for funding purposes using the projected unit method. The funding position is calculated by comparing the assets with the past Servi liabilities as al the valuation date. Asset values are calculated by reference to market levels. Accrued past service liabilities are valued by discounting expected future benefit payTnenls using a discount rale calculated by reference lo the expected future investment returns. The most recent valuation available results are as at 30 September 2017. The market value of the Plan's assets at the valuation date was £796 million and the Plan's Technical Provisions li.e. past service liabililiesl were £928 million. The valuation therefore revealed a shortfall of assets compared with the value of liabilities of £132 million, equivalent to a funding level of 860/0. Regulations require the Trustee lo set a prudent basis for valuing the Scheme's benefits, taking into account the strength of the employers. covenant and the Scheme Actuary's advice. The Trustee is also required lo consult with employers or their representative. The Growth Plan Employer Consultative Group {GPECGI, which acts as the employers. representative for the purposes of Scheme funding, have been consulted on the valuation basis and assumptions. The value of the liabilities on this on going basis is Page 32

Lodge Hill Trust IA company limited by guarantee) Notes to the financial statements For the year ended 31 December 2020 23. Pension commitments Icontinued) known as the Technical Provisions. Where a Scheme's assets are less than the Technical Provisions a recovery plan musl be put in place to show how the deficit can be eliminated over a fixed period. The recovery plan musl be submitted to The Pensions Regulator who may investigate schemes and require changes where the Technical Provisions are sel at loo low a level or where the recovery period is loo long. The recovery plan for the Growth Plan aims lo eliminate the deficit via a combination of additional contributions from employers and investment returns. The results of the 30 September 2015 valuation showed a reduction of eight months in the length of the recovery plan, which will now end on 31 January 2025 instead of 30 September 2025. Under FRS 102 the amount of additional contributions for Lodge Hill Trust in the period lo 31 January 2025 have been included as a liability in the accounts. 24. Operating lease commitments At 31 December 2020 the company had commitments to make future minimum lease payments under non-cancellable operating leases as follows= 2020 2019 Not later than 1 year Later than 1 year and not later than 5 years 4,584 2,292 4,584 6,876 6,876 11,460 The following lease payments have been recognised as an expense in the Statement of financial activit4'es'. 2020 2019 Operating lease rentals 4.584 4,584 25. Related party transactions There were no transactions with related parties in the year {2019.' £nill. 26. Controlllng party The company is controlled on a day to day basis by the Iruslees who are the directors of the company. 27. Supporters of Lodge Hlll The Supporters of Lodge Hill is a separate charity {regislration number 1087269) that supports the work of Lodge Hill.11 has ils own constitution and trustees. Page 33

Registered number: 03590104 Charity number: 1071041 Lodge Hill Trust (A company limited by guarantee) Unaudited Trustees. report and financial statements For the year ended 31 December 2020

Lodge Hill Trust IA company limited by guarantee) Notes to the financial statements For the year ended 31 December 2020 Analysis of expenditure by activities (continued) Analysis ofsupport costs Total funds 2020 Total funds 2019 Activities 2020 Stsff training and welfare Legal and professional Activities expenses Governance costs 1,201 1,834 1,022 8,097 1.201 1,834 1,022 8.097 4,006 4,182 1,188 11,288 12,154 12,154 20,664 Total 2019 20,664 20,664 Governance costs comprise of audit fees of £nil12019.. £7,500), independent examination fees of £3,600 {2019.. £nill and other accountancy fees of £4,49712019.. £3,788). Independent examiner's remuneration 2020 2019 Fees payable lo the company's independent examiner for the independent examination of the company's annual accounts Fees payable lo the companvs independent examiner in respect of.. Audit of the annual accoLJnts 3.600 7,500 3,788 All other services not included above 4.497 10. Staff costs 2020 2019 Wages and salaries Social security costs Pension costs 343,260 18.186 4.207 411,112 24,301 12,120 365,653 447,533 Page 22

"REEVES AA KRESTON

Lodge Hill Trust Independent Examination Report For the year ended 31 December 2020

Our values

Our values define who we are and how we do things at Kreston Reeves. They reflect our attitudes and behaviours and represent a promise of quality, personal service and commitment to our clients, communities and colleagues.

Collectively and individually we aim to:

Lodge Hill Trust

Independent Examination Report For the year ended 31 December 2020

Index

		Page no
1.	Introduction and independent examination summary	1
2.	Independent examiners report	2
3.	Commentary on results	3
4.	Qualitative aspects of the Charity’s accounting practices and	4
	financial reporting

Appendices

Appendix I - Draft letter of representation

Lodge Hill Trust

Independent Examination Report For the year ended 31 December 2020

1. Introduction and summary

The purpose of this report is to bring to your attention our comments from the recent independent examination carried out on Lodge Hill Trust. We appreciate that you will already be aware of the majority of the matters contained in this report through earlier discussions you will have had with the independent examination team, but we hope that you will find this report a useful summary of those discussions.

We would like to take this opportunity to thank Katie Collet and Lisa May for the assistance they have provided to us during the course of our independent examination.

Our independent examination has given us a unique opportunity to understand your activities and processes. We have used this opportunity to provide you a service that is of real positive benefit to you.

During the course of our independent examination work this year we have performed the following tasks which we hope that you will have found to have been of benefit.

We have assisted you with the preparation of the charity’s financial statements and the trustees’ annual report, ensuring that they comply with all statutory requirements and with accounting standards, including the Statement of Recommended Practice “Accounting and Reporting by Charities”. In doing so we have ensured that the Charity has taken advantage of any accounting exemptions available to it so as to avoid any unnecessary over-disclosure of the Charity’s affairs that are not required to be published in publicly available financial statements.
We have reviewed the accounting policies that you have selected to ensure that they are meeting best practice in accounting for the sector in which the charity operates.
We have advised you of planned changes in legislation that may be of relevance to you in order that you may prepare for their implementation. These are detailed at Section 4 of this report.

Should you have any questions regarding any of the issues raised in this report please contact Simon Webber as the partner responsible for the independent examination of the charity, or any other member of the independent examination team, who will be happy to provide further explanations as required.

Kreston Reeves LLP Chartered Accountants

Lodge Hill Trust

Independent Examination Report For the year ended 31 December 2020

2. Independent examiner’s report

Independent examiner's report to the Trustees of Lodge Hill Trust ('the charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2020.

Responsibilities and basis of report

As the Trustees of the charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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.

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

Signed:

Dated:

Simon Webber BA (Hons), DChA, FCA

Kreston Reeves LLP Chartered Accountants Chichester

Lodge Hill Trust

Independent Examination Report For the year ended 31 December 2020

3. Commentary on results

Income

Income has fallen from £1.17m last year to £0.51m in the current year (56%).

The impact of Covid-19 related restrictions was significant, charitable activity income fell from £556k to £219k (61%).

The other significant reduction is in donations, which fell 322k. This was primarily because the prior year included significant donations for the Vision project.

Expenditure

Expenditure was reduced from last year, falling from £752K to £600k (20%). Costs were cut as a response to the pandemic, but could not be reduced to the same extent as the fall in income.

Net movement in funds

The result was an overall operating deficit of £91k, compared to a surplus of £415k last year (noting that last year included a significant boost with the Vision project income). Investment gains were £6k, taking the overall movement in funds to an £85k deficit.

Considering the challenges faced by the Trust during what was an extraordinary year, the overall result is positive.

Lodge Hill Trust

Independent Examination Report For the year ended 31 December 2020

4. Qualitative aspects of the charity’s accounting practices and financial reporting

As part of our audit we have considered and reviewed the Charity’s accounting policies with UK Generally Accepted Accounting Practice, including the Statement of Recommended Practice Accounting and Reporting by Charities (“the SORP”), and we have not encountered any material departures. In our opinion the accounting policies selected are appropriate to the circumstances of the charity.

Future accounting changes

The charity’s accounts are prepared in accordance with FRS102. This standard is due to be updated and revised every four to five years in order to ensure that it reflects any legal changes and developments in accounting practice that have taken place.

The Standard at this stage has not been updated for recent changes to International Financial Reporting Standards (IFRS), and in particular the following major new standards that have recently been implemented:

IFRS9 Financial instruments
IFRS15 Revenue from contracts with customers
• IFRS16 Leases

Although the long-term aim is to keep FRS102 as closely aligned to IFRS as possible, the FRC has stated that further consideration is required of the changes that may be required, and that this work will not begin until these standards have been fully implemented by IFRS reporters and insight can be gained from their implementation experience. It is therefore unlikely that any changes will be made to FRS102 in respect of these issues that will impact on your reporting for the foreseeable future.

For more information on these future changes please do not hesitate to contact your usual Kreston Reeves adviser.

Lodge Hill Trust

Independent Examination Report For the year ended 31 December 2020

Appendix I – Draft Letter of representation

Kreston Reeves LLP Statutory Auditor and Chartered Accountants 9 Donnington Park 85 Birdham Road Chichester West Sussex PO20 7AJ

Dear Sirs

This letter is furnished at your request in connection with your independent examination of the financial statements of the charity for the period ended 31 December 2020 for the purposes enabling you to issue your report to the trustees required by the Charities Act 2011 in respect of the charity’s accounting records and preparation of the financial statements.

We recognise that our representations concerning the matters referred to below are significant in enabling you to issue your independent examiner’s report.

In particular, we have carefully considered the impact of the COVID-19 pandemic and the UK’s exit from the European Union (‘Brexit’), on the charity’s business and its financial statements.

We have fulfilled our responsibilities as trustees of the charity, as set out in your terms of engagement dated 21 January 2020, under the Companies Act 2006 for preparing financial statements in accordance with the applicable law and United Kingdom Generally Accepted Accounting Practice, which you have drafted on our behalf, which give a true and fair view of the financial position of the charity as of the period end and of the results of operations for the period then ended and for making accurate representations to you.

The financial statements have been prepared in accordance with the Companies Act 2006 and the provisions of the Trust Deed, and in accordance with United Kingdom Generally Accepted Accounting Practice, including Accounting and Reporting by Charities: The Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (“the SORP”), including all subsequent Update Bulletins issued that apply to the period under review .

Audit exemption

We confirm that the charity is entitled to the exemptions from an audit of the financial statements as set out in the Charities Act 2011 in that:-

The incoming resources of the charity did not exceed £1 million; or
The incoming resources of the charity did not exceed £250,000 and the charity’s gross assets did not exceed £3.26million; or
The incoming resources of the charity and its group did not exceed £1 million, after eliminating intra group transactions and consolidation adjustments; and

An audit of the financial statements is not required by the charity’s governing documents.

We confirm that the charitable company is entitled to the exemptions from an audit of the financial statements as set out in Section 477 of the Companies Act 2006.

Lodge Hill Trust

Independent Examination Report For the year ended 31 December 2020

Fraud

We acknowledge our responsibility for the design, implementation and maintenance of a system of internal control in order to prevent and detect fraud.

We have assessed the risk that the financial statements may be materially misstated as a result of fraud and it is our opinion that any such risk is minimal.

We are not aware of any irregularities involving management or employees who have a significant role with regards to the internal control system or that could have a material effect on the financial statements.

We are not aware of any fraud or suspected fraud of any kind communicated by current or former employees, analysts, regulators or any others.

We are not aware of matters related to fraudulent activity or other non-compliance with law or regulation arising since the beginning of the period which have been communicated to the Charity Commission.

Provision of information

We have made available to your representatives all significant financial records and related data. We have provided to you all other information requested and given unrestricted access to persons within the charity from whom you have deemed it necessary to obtain information. All other records and related information, including minutes of all management meetings, have been made available to you.

Accounting records

All financial transactions of the charity have been properly reflected in the accounting records in accordance with the requirements of the Companies Act 2006 and have been properly reflected in the financial statements.

Accounting estimates

We confirm that the methods, data and significant assumptions used by us in making accounting estimates, and their related disclosures, are appropriate to achieve recognition, measurement and disclosure that is reasonable in the context of the applicable financial reporting framework. We confirm that we have informed you of all such significant assumptions.

Minutes and Contracts

The minute books presented to you contain complete and authentic minutes of all meetings of the charity’s trustees held since the beginning of the period under review.

We have complied with all aspects of contractual agreements that would have a material effect on the financial statements in the event of non-compliance.

None of the trustees had at any time in the period an interest in any contract with the charity except as disclosed in the notes to the financial statements.

Law and Regulations

We confirm that we are not aware of any possible or actual instance of non-compliance with those laws and regulations which provide a legal and regulatory framework within which the charity conducts its business and which are central to the charity’s ability to conduct its business, except as explained to yourselves and disclosed in the financial statements.

Lodge Hill Trust

Independent Examination Report For the year ended 31 December 2020

We confirm that we have reviewed the guidance “How to report a serious incident in your charity” published by the Charity Commission. We also confirm that no Serious Incident Reports have been submitted to the Charity Commission, nor any events considered for submission, during the accounting period or in the period from the balance sheet date to the date of approval of the financial statements.

We are not aware of any instances during the period where the charity has operated outside its charitable objectives as laid down in its governing documents.

We can confirm that our procedures for handling data are compliant with the General Data Protection Regulation and that there have been no events which could result in any penalty being levied by the Information Commissioner’s Office which could have a material impact on the financial statements.

Tangible Fixed Assets

The net book amounts at which fixed assets are included in the balance sheet are arrived at:

After taking into account all capital expenditure on additions thereto, but no expenditure properly chargeable to revenue.
After eliminating the cost and accumulated depreciation relating to items sold or otherwise disposed of.
After providing for amortisation and impairment at rates sufficient to reduce the net book amounts to their residual value by the time they become no longer economically useful to the charity.

We confirm that all tangible fixed assets included in the financial statements exist at the balance sheet date.

Investments

None of the charity's investments have declined in value to an amount less than the carrying value in the balance sheet.

Stocks and Work in Progress

Stock and work in progress shown in the balance sheet, represents all stocks and work in progress owned by the charity wherever situated at the balance sheet date.

The quantities of stock and work in progress were ascertained by a physical count carried out at the balance sheet date.

Stocks and work in progress have been valued at the lower of cost and net realisable value, or on such other basis as required by the SORP. For this purpose, cost represents all expenditure incurred in bringing stock and work in progress to its condition and location at the accounting date including related overhead expenditure based on a normal level of activity.

Full provision has been made in the accounts for all liabilities at the balance sheet date in respect of all items included in stock and work in progress. All goods despatched and invoiced to customers (where relevant) at the accounting date have been excluded from stock and work in progress.

We have no plans to abandon product lines or other plans that will result in any excess or obsolete stock that has not already been provided for in the financial statements.

Lodge Hill Trust

Independent Examination Report For the year ended 31 December 2020

Other Current Assets

We are of the opinion that other current assets have a value on realisation in the ordinary course of operations at least equal to the amounts at which they are stated in the financial statements. In particular adequate provision has been made against all amounts owing to the charity, which are known, or may be expected, to be irrecoverable.

Assets - General

We confirm that the charity has satisfactory title to all assets appearing in the balance sheet and that they are free from any lien or charge unless otherwise stated in the financial statements.

We have no intentions that may materially alter the carrying value or classification of assets and liabilities reflected in the financial statements.

Liabilities - General

All known liabilities of the charity at the balance sheet date have been included in the financial statements. Adequate provisions have been made in the financial statements for liabilities, which are known to exist but the amount of which, cannot be accurately determined.

Provision has been made for all grant commitments made by the charity in line with the requirements of the SORP.

Contingent Liabilities

We have disclosed to you all claims in connection with litigation or any other claims of material importance that have been, or are expected to be, received and any such claims have been appropriately accounted for and disclosed in the financial statements.

We have disclosed to you all other contingent liabilities

Taxation

The charity has not undertaken any activities during the year upon which a tax liability arises.

Statement of financial activities

All income of the charity for the period under review has been included in the financial statements.

Except as disclosed in the financial statements the results for the period were not materially affected by:

transactions of a sort not usually undertaken by the charity.
circumstances of an exceptional or non-recurring nature.
charges or credits relating to prior periods.

All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions during the period in the application of such income.

Lodge Hill Trust

Independent Examination Report For the year ended 31 December 2020

Transactions with trustees and other related parties

Trustees’ remuneration

We confirm that no remuneration was paid to trustees during the period under review. Key management personnel compensation

We confirm that in addition to the trustees of the charity, the following individuals are considered to have formed part of the Key Management of the charity during the accounting period due to their authority and responsibility for planning, directing and controlling the activities of the charity:

Lisa May BSc (hons); Dip HSW, Chief Executive Officer
Kathryn Collet, BSc, Finance Manager
Richard Tomkins, House Manager
Charles Nielson, Activities Manager
Tom Dutson, Activities Manager

We confirm the accuracy of the disclosure of the Key Management Personnel compensation, which includes all employee benefits paid, payable or provided by the charity or on behalf of the charity in exchange for services rendered to the charity. It also includes any consideration paid on behalf of any parent undertaking of the charity in respect of any goods or services provided to the charity.

Directors’ advances, credits and guarantees

The charity has had at no time during the period any arrangement, transaction or agreement to provide credit facilities (including loans, quasi loans or credit transactions) for directors and other related parties nor to guarantee or provide security for such facilities except as disclosed in the financial statements.

Related party transactions

We confirm that we have fully disclosed to you the identity of all of the charity’s related parties.

You have been provided with details of all transactions between the charity and its related parties that have arisen during the accounting period and we confirm that the disclosure made in the financial statements of these transactions is complete and accurate.

We confirm the factual accuracy of the controlling party disclosure in the financial statements.

Capital Commitments

The financial statements make full disclosure of all outstanding amounts contracted for at the balance sheet date in respect of capital expenditure.

Post Balance Sheet Events

Since the balance sheet date no events or transactions have either occurred or are pending which would have a material effect upon the financial statements at that date, or for the period then ended, or which are of such significance in relation to the charity’s affairs as to require disclosure in the financial statements.

Lodge Hill Trust

Independent Examination Report For the year ended 31 December 2020

Financial Facilities

Since the balance sheet date adequate financial facilities have continued to be available to the charity and we have no reason to believe that such facilities will be withdrawn within the next twelve months.

Review of going concern basis

We confirm that we have considered the charity’s future operations, working capital requirements and cashflows and we feel that the going concern basis is appropriate for the preparation of the financial statements for the period under review. Our considerations have covered a period of not less than 12 months from the date of the approval of the financial statements.

Our consideration has included a thorough assessment of the charity’s ability to continue trading as a going concern in light of the COVID-19 pandemic and the global economic uncertainty it has caused, and of Brexit and the end of the Brexit transition period. We have taken appropriate measures, as far as possible based on the information currently available to us, to safeguard the current and future operations of the charity.

In making this assessment we have prepared revised forecasts, cashflows and our disaster planning includes due consideration of coronavirus contingency measures.

All projected cashflows, management accounts and other information and assumptions used in reaching this conclusion have been made available to you for the purposes of your assignment. We confirm that our plans for future actions required to enable the charity to continue as a going concern are feasible.

There are no material uncertainties of which we are aware that cast doubt on the charity’s ability to continue as a going concern.

We are of the opinion that the disclosure on going concern in both the trustees’ report and the financial statements is an accurate reflection of the charity’s financial position.

Current economic climate – COVID-19 and Brexit

We confirm that we are aware of our responsibility as trustees to consider, as far as possible with the information currently available to us, the full impact of the COVID-19 pandemic and its effect on the global economic climate (together ‘COVID-19’) and Brexit and the end of the transition period (together ‘Brexit’), on all aspects of the charity’s financial and narrative reporting.

We confirm that all representations made in this letter include due consideration of these factors. In particular this includes, but is not limited to, the following:

Appropriate disclosure has been included in the charity’s narrative reporting regarding the impact of COVID-19 and Brexit on the charity’s performance during the period, our assessment of principal risks and uncertainties and the future activity of the charity;
We acknowledge our responsibility in the preparation of the financial statements for making appropriate judgments, estimates and assumptions. We have informed you of the judgements and estimates, including those related to COVID-19 and Brexit, that have had the most significant impact on the financial statements;
The financial statements reflect the conditions which existed at the reporting date,
to the extent that the spread of COVID-19 was known and government measures were announced, together with its impact on the local and global economic climate; and
to the extent that arrangements and agreements had been announced in respect of the UK leaving the European Union.

Lodge Hill Trust

Independent Examination Report For the year ended 31 December 2020

We have reassessed the value of the charity's investments in light of COVID-19 and Brexit. We confirm that they have not declined in value to an amount less than the carrying value at the reporting date;
We have considered whether the charity’s tangible fixed assets have been impaired due to COVID-19 and Brexit. We have also considered whether our estimate of useful economic lives remains appropriate. Our consideration has included a review of the current market value of those assets and their future economic performance;
At the reporting date, any additional liabilities arising as a result of COVID-19 and Brexit have been recognised. We have specifically considered whether any additional provision is required in respect of:
Doubtful debts;
Onerous leases and contracts;
Redundancy payments.

Approval of Financial Statements

We confirm that the above representations are made on the basis of enquiries of management and staff with relevant knowledge and experience and, where appropriate, of inspection of supporting documentation sufficient to satisfy ourselves that we can properly make each of the above representations to you.

The financial statements and the contents of this letter were formally approved by the board at a meeting held on the date shown below.

Yours faithfully

Mr Matthew Wykes, Dip PFS Chairman

for and on behalf of the Board of Trustees

Date:

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