Registered number: 05676019 Charity number: 1113699 WATCH HILL FOUNDATION (A Company Limited by Guarantee) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 WATCH HILL FOUNDATION (A Company Limited by Guarantee) CONTENTS Page Reference and Admlnistratlve Detslls of the Company, Its Trustees and Advlsers Trustees. Report Independent Examlnerfs Report ststement of Flnanclal Actlvlties Balance Sheet Notes to the Flnanclal Statements WATCH HILL FOUNDATION IA Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JANUARY 2024 Trustees C I Von Chrislierson, Chair N C Von Chrislierson Company reglstsred number 05676019 Charlty reglstered number 1113699 Registered office Harwood House 43 Ha￿00d Road London SW6 4QP Accountants Warrener Stewart Harwood House 43 Harwood Road London SW6 4QP Solicitors Charles Mia, solicilors 39 St James Place London SW1A 1NS WATCH HILL FOUNDATION {A Company Llmlted by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 JANUARY 2024 The Trustees present their annual report together with the financial slalements of the Watch Hill Foundation for the 1 February 2023 10 31 January 2024. The Annual Report setves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confim that the Annual Reporl and financial statements of the charitable company comply with the current slalutory requirements. Ihe requirements of the charitable companls governing document and the provisions of the Statement of Recommended Praclice {SORP) applicable lo chalilies preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 20191. Since th8 Company qualifies as small under sectitin 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (strategic Report and Directors, Reporl) Regulalions 2013 has been omilled. Objectives and actlvltles a. Pollcle8 and objectlves The policies and objectives of the charity are.. lo raise funds for charitable causes, predominantly associated with Africa. In the fields of education, the arts, environmenlal preservation, the protection of endangered flora and fauna, criminal rehabilitation and the promotion of self-help and socio-economic advancement among historically disadvantaged communities., and The collecllon, preservation and inlemational exhibition of Afro-cuban art. In selling objectives and planning for aclivilies, the Trustees have given due consideration lo general guldance published by the Charity Commission relaling to public benefit, including the guidance 'Public benefit.. running a charity {P82)'. b. A¢tlvltle8 undèrtaken to achleve objectlves The charity awards granls in line with its aims and objectives as laid out in ils governing conslitulion. c. Maln actSvltles undertaken to further the Company's purposes for the public benefit The Company has conlinued lo source relevant pieces of artwork and has also managed to make specific donations lo affected communities during the Cow&19 pandemic. Achlevements and perfomlance . Main achievements of the Company The company continued to raise donations and made a number of successful charitable grants and awards in line with its aims and objectives. WATCH HILL FOUNDATION (A Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 JANUARY 2024 Flnanclal revlew . Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable fulure. For this reason, Ihey conlinue to adopt the going concern basis in preparing the financial slatements. Further details regarding ihe adoption of the going concern basis can be fourKI in the accounling policies. b. Reserves pollcy The Company maintains sufficient reserves lo meet rts forward operational costs and lo enable il lo react swiftly to opportunities lo further ils charitable aims. Slructure, governance and management a. Constitutlon Watch Hill Foundation Is regislered as a charitable company limited by guarantee and was set up by a Trust deed. b. Methods of appolntment or election of Trusteè8 The management of the Company is the responsibility of the Trustees who are elected and co￿pted under the terms of the Trust deed. Statement of Trustees, responsibilitles The Trustees (who are also the directors of the Company for the purposes of company law) are respon51ble for preparing th8 Trustees, Report and the financial slatements in accordance with applicable law and United Klngdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees lo prepare financial slatemenls for each financial . Under company law, the Trustees musl not approve the financial slalemenls unless they are satisfied that they give a true and fair view of the slate of affairs of the Company and of ils incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial slalements. the Trustees are required to.. select suitable accounting policies and then apply them consistently. observe the methods and principles of the Charities SORP (FRS 102); make judgments and accounting eslimales that are reasonable and prudent., stale whether appltcable UK Accounting Standards (FRS 102) have been followed, subject lo any material departures disclosed and explained in the financial statements., prepare the financial stalemenls on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records thal are sufficient lo show and explain the Companys transactions and disclose with reasonable accuracy al any lime the financial position of Ihe Company and enable them to ensure Ihal Ihe 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. WATCH HILL FOUNDATION (A Company Llmll•d by Gu•r•nt••) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024 Approved by ord•r ol tha membern of Ihe boord of Tru81￿& and 8lgned on Ihelr beh811 by. C I Von Chrf•tl•r•on Dat•: 17 O¢tober 2024 Scanned wllb CamS¢anner-' CS WATCH HILL FOUNDATION (A Company Limited by Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JANUARY 2024 Independent Examinerfs Report to the Trustees of Watch Hlll Foundatlon ('the CompanW) I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 January 2024. Responslbllllles and Basls of Report As the Trustees of the Company (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 A¢t 2006 ('Ihe 2006 Acl'l. Having satisfied myself that the accounts of the Company ar8 not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respecl of my examination of the Companls accounts carried out under section 145 of the Charities Act 2011 ('Ihe 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 Examinerfs Ststement I have completed my examination. I confirm that no mallers have come to my attention in connection with the examination giving me cause to believe- accounting records were nol kept in respect of the Company as required by section 386 of the 2006 Act; or the accounts do nol accord with those records., or the accounts do not comply wilh the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf Mew which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable lo 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 olher matters in connection with the examination to which allenlion 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 Companls 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 slate to the Companvs Trustees those matters l am required to stale lo them in an Independent Examiner's Report and for no other purpose. To the fullest exlenl permitted by law. I do not accepl or assume responsibility to anyone other than the Company and the Companws Trustees as a body, for my work or for this reporl. Colin Edney Warrener Slewart Harwood House 43 Harwood Road London, SW6 4QP 17 October 2024 WATCH HILL FOUNDATION (A Company Limited by Guarantse} STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 JANUARY 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies 194,351 194,351 119, 707 Expenditure on: Charitable activities 15,793 15,793 44,034 Net movement In funds 178,558 178,558 75,673 Reconclllatlon of funds: Total funds brought forward Nel movement in funds 731,911 178,558 731,911 178,558 656,238 75,673 Total funds carrled foNard 910,469 910,469 731,911 The Statement of Financial Aclivilies includes all gains and losses recognised in Ihe year. The notes on pages form part of these financial statements. WATCH HILL FOUNDATION IA Company Llmll•d by Gu•ranlM) REGISTERED NUMBER: 05878019 BALANCE SHEET AS AT 31 JANUARY 2024 2024 2023 Not• Flx•d *M•l• H61itago •JMI• 900.688 716.606 900,688 716,606 Curr•nt as••t• Cash at bank and In h8rKI 16.935 11,611 16,93ts Creditors: amounts falling due withSn one year (1,630) (1,630) Not ¢urr•nt 48uts 9,881 1&305 Tot•1 n•t 88g•t• 910,469 731,911 Charfty fund• Restricted funds Unreitricted funds 11 11 910,469 731.911 Total fund• 910,469 731,911 The Companywas enlitW to exempikn Irom audit under 8ectth 477 of th C