Hill House Foundation Trust, Registered Charity 1113706 Trustees, Report for the year ended 31 August 2022 Charitrfs principal address: 22 Vicarage Drive, East Sheen, London SW14 8RX Structure, governance and management. The Trust was established by a charitable trust deed dated 23 December 2005. The Trustee5 who Served during the year were: Richard Macleod Robinson, Patricia Anne Stoughton and Neil Ritchie Sullivan If a vacancy occurs the Trustees must note the fact in the minutes of their next meeting. Any eligible Trustee may be re-appointed. So long as there are fewer than three trustees, none of the powers or discretions conferred by the trust deed or by law on the trustee5 shall be exercisable by the remaining trustees except the power to appoint new trustees. Every trustee must be appointed or discharged by resolution of the trustees passed at a special meeting called in accordance with the Trust Deed. In selecting individuals for appointment as trustees, the Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity. The Trustees must make available to each new Trustee, on his or her first appointment: a) A copy of the Trust Deed and any amendments made to it; b) A copy of the charitys latest report and statement of accounts. All meetings, decisions must be made by a majority of the trustees present and voting on the question. The person chairing the meeting shall have a casting vote whether or not he or she has voted previously on the same question but no trustee in any other circumstances shall have more than one vote. Risk Management. The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. HILL HOUSE FOUNDATION TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Objectives and actNltles The principal objects of the charity are: Bursaries for children of Hill House School, contributions to prize funds for children of Hill House School and general charitable purposes Monies are distributed regularly in accordance with these objectives In considering their activities the Trustees have had due regard to the guidance issued by the Charity Commission on public benefit and in deciding what activities the Charity should undertake. Achievements and performance The Trustees are pleased with the investment income achieved. Financial Revlew Income from investments, interest received from UK bank and donations plus gain in market value of shares amounted to £62,832 with charitable gifts amounting to £28,680. All investments were managed by Charles Stanley with instructions from the Trustees to achieve a balance between capital and income growth and then by CCLA in their COIF Charities Investment Fund Income Units. Reserves Policy The Trustees, policy on reserves is to retain sufficient unrestricted cash reserves to enable them to continue to maintain, so far as possible, their established level of charitable giving. The Trustees are confident that the level of reserves held are such that fvture investment income generated will enable the charity to meet its objectives. Plans for the future The Hill House Foundation Trust will continue to make donations to further the objects of the Trust. On behalf of the board of Trustees. b.tryAk?.fl. Trustee, dated 23 April 2023 **HILL HOUSE FOUNDATION TRUST** |Receipts
Donations received
Interest received from UK bank
Profit on disposal of shares
Dividends received
Other income
Gain on market value of shares
Payments
Bank Charges
Payments in accordance with
clause 3 of the Trust Deed
Historical correction
in accordance with clause 3 of the Trust De
Accountancy and Legal
Insurance
Loss on disposal of shares
Charles Stanley/ CCLA Management Charges
Loss on market value of shares
Net Receipts
Represented by
Coutts & Co - (Current account)
Coutts & Co - (Special Reserve account)
Skipton Building Society Account
Hampshire Trust Bank
Other debtors/ creditors
Amounts owed to Hill House School
Charles Stanley
Value of shares (fair value)
Capital account
Income account
CCLA
Less: Balance as at 1 September 2021 brought forward
Prior year adjustment (value of shares to fair value)|**ACCOUN**|**TS FOR THE YEAR ENDE**|**D 31 AUGU**|£
**2022**
22,100
479
-
22,472
-
17,780
62,832
109,688
46,857
-
£
**2022**
-
39,657
20,614
41,540
18,281
-
-
-
684,271
804,362
851,219
-
46,857
-
**ST 2022**
**ST 2022**|514
84,650
2,640
925
-
6,355
-
2,729
16,081|£
**2021**
45,425
2,392
13,998
22,564
1,362
106,984
192,725
95,084
97,640
£
**2021**
-
7,255
20,537
41,347
1,231
17,822
-
779,861
18,810
851,219
753,579
-
97,640| |---|---|---|---|---|---|---| ||ed
/ general
**ACCOUN**|charges
**HILL HOUSE FOUNDATI**|593
28,680
50,959
-
3,240
666
119,269
8,199
-
**ON TRUST**|||| |||**TS FOR THE YEAR ENDE**|-
-
**D 31 AUGU**|||| CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trugts8$ Ch8riiy Nsme Hill House Foundation Trust On accounts for the year ended 31 August 2022 Charlty no lif any) 1113706 Set out on pages liemember lo Include the p2ge numbers ol additional she8151 I report to the trustees on my examination of the accounts of the above charity {'the Trust") for the year ended 3110812022. Responslbilities and basls ol roport As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charitl8s Act 2011 {'the Act") I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515llb} of the Act. Ind•p8ndent examlner's statement I have completed my examination. I confirm that no material matters have come to my attention in Gonnection with the examination (other than that disclosed below ') which gives me Cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did nol accord with the accounting records,. or the accounts did not comply with the applicable requirements concerning the form and Gonlenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a maller considered as part of an independent examination, I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Please delete the words in the brackets if they do not apply. Slgned: Date: 27" April 2023 Name: Kathleen Parker Relevant professlonal qualificationlsl or body (if any): F.C.C.A. Address: Wellers Accountants IER Oct 2018 1 Vincent Square SW1 P 2PN Scction B Disclosiire Only complete if the examiner needs lo highlight material matters of concern (see CC32, Independent examinalion of charity accounts. directions and guidance for examiners). Give here brief details of any items that the oxaminer wishe8 to dlsclosa. The accounts to 31. August 2022 show a historical adjustment in accordance with clause 3 of the trust deed. This 18 an adjustment ￿qUIred to correct an over slalement of payments out in the previous penod. IER Oct 2018