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
s￿VIa 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 fO￿ard
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 re￿1vable 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 re￿1Vable. 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 re￿iVed 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 re￿1vable 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 re￿ived, 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 servi￿8 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 servi￿8 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 re￿1Vable.
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 re￿1vable 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 adVan￿d 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 re￿iVed 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
ReSoUr￿S 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 re￿iVed to cover the costs of building and maintaining the tennis court.
Rank foundation
funds re￿iVed 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, Fo￿e 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 re￿1Ve￿ 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 suc￿sSfUllY 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)
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
s￿VIa 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 fO￿ard
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 re￿1vable 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 re￿1Vable. 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 re￿iVed 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 re￿1vable 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 re￿ived, 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 servi￿8 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 servi￿8 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 re￿1Vable.
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 re￿1vable 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 adVan￿d 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 re￿iVed 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
ReSoUr￿S 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 re￿iVed to cover the costs of building and maintaining the tennis court.
Rank foundation
funds re￿iVed 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, Fo￿e 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 re￿1Ve￿ 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 suc￿sSfUllY 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

"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 

1 



## **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: 

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 

2. the accounts do not accord with those records; or 

3. 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 

4. 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 

2 



## **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. 

3 



## **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. 

4 



## **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. 

5 



## **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. 

6 



## **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. 

7 



## **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. 

8 



## **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. 

9 



## **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. 

10 



## **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: 

11 



## **Website** 

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Kreston Reeves LLP (Registered number OC328775) is registered to carry on audit work and is regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be viewed at www.auditregister.org.uk for the UK and www.cro.ie/auditors for Ireland, under reference number C001541365. Kreston Reeves Private Client LLP (OC342713) is licensed by the Institute of Chartered Accountants in England and Wales to carry out the reserved legal activity of non-contentious probate in England and Wales and regulated for a range of investment business activities. A list of our members’ names is available at our registered office and details of the licensing bodies for our insolvency practitioners can be found at our website. Kreston Reeves Financial Planning Limited is authorised and regulated by the Financial Conduct Authority, registered in England and Wales with registered number 03852054. Registered office: 37 St Margaret’s Street, Canterbury, Kent CT1 2TU. Kreston Reeves LLP is a member of Kreston International, a global network of accounting firms, each of which is a separate independent legal entity and as such has no liability for the acts or omissions of any other member firm. Kreston International Limited is a company registered in England (03453194) and limited by guarantee. Kreston International Limited provides no services to clients and has no liability for the acts or omissions of any member firm. Registered office: 1 Fore Street Avenue, C/O We Work, London, EC2Y 9DT. 


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