Hill House Foundation Trust. Registered Charity 1113706 Trustees, Report for the year ended 31 August 2023 Charitvs 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 Trustees who senied durin8 the year were: Richard Macleod Robinson, Patricia Anne Stoughton and Neil Ritchie Sullivan If a vacancy occurs the Trustees must note the fart In the minutes of their next meeting. Any eli8ible Trustee may be re-appolnted. 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 trustees 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 selectin8 individuals for appointment as trustees, the Trustees must have regard to the skills, knowledge and experlence needed for the effective administration of the charity. The Trustees must make available to each new Trustee, on his or her first appointment: al 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 for the year ended 31 August 2023 (contlnued) Objectives and actlvities The principal objects of the charty are: Bursaries for children of Hill House School, contributions to prlze funds for children of Hill House School and general charitsble purposes Monies are distributed regularly in accordance with these objectives In considering their activities the Trustees have had due regard to the 8uidance issued by the Charity Commission on public benefit and in deciding what activities the Charity should undertake. Achievements and perfomiance The Trustees are pleased with the investment income achieved. Financial Review Income from investments, interest received from UK bank and donation5 amounted to £53,765 with charitable gifts amounting to £23,068. All investments were managed by CCLA in their COIF Charitie5 Investment Fund Income Units. Reserves Policy The Trustees, policy on reserves is to retsin sufficient unrestricted cash reserves to enable them to continue to mainLiin. so far as possible, their established level of charitable giving. The Trustees are confident that the level of reserves held are such that future 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 H P eb Trustee,dated l March 2024
HILL HOUSE FOUNDATION TRUST
ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023
| 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 CCLA Less: Balance as at 1 September 2022 brought forward Prior year adjustment (value of shares to fair value) |
£ 2023 20,000 86,600 913 41,554 4,520 7,388 - 671,918 818,117 804,362 - 13,755 |
£ 2022 - 39,657 20,614 41,540 18,281 - 684,271 804,362 851,219 - 46,857 - |
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HILL HOUSE FOUNDATION TRUST
ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023
| 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 Deed Accountancy and Legal Insurance Loss on disposal of shares Charles Stanley/ CCLA Management Charges/ general charges Loss on market value of shares Net Receipts |
497 23,068 - 3,360 732 - - 12,352 |
£ 2023 32,577 1,789 - 19,399 - - 53,765 40,010 13,755 |
593 28,680 50,959 - 3,240 666 119,269 8,199 - |
£ 2022 22,100 479 - 22,472 - 17,780 62,832 109,688 46,857 - |
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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of Hill House Foundation Trust On accounts for the year ended 31 August 2023 Charity no (if any) 1113706 Set out on pages I report to the trustees on my examination of the accounts of the above charity (llhe Tnjst.) for the year ended Responslbllltl8s and As the charity trustees of the Trust, you a responsible for the preparation basls of rèport of the accounts in accordan with the requirements of the Charities Act 2011 (°the Acl.) I report in respect of my examination of the Twsl's accounts carried out under section 145 of the 2011 Acl and in carrying out my examination, I have followed the applicable Directions glven by lh8 Charity Commission under section 14515llbl of the Act. I have completed ffly examination. I confinn that no material matters have come to my attention {other than that disclosed below ') in connection with the examination which gives me cause lo believe that in, any materlal respert.. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's ststsment I have no concerns and have come across no other matters in connection with the examination to whi¢h attention should be drawn in order to enable proper understanding of the accounts to be reached. Please delete the words in the br8ck8ts if they do not apply. Signed: Date: 12 April 2024 Name: James Tillotson Relevant professional qualifi¢ation{sl or body lif any): FCA- 9289197 Address: Wellers 1 Vincent Square SW1P 2PN IER October 2018
Section B Disclosure Only complete If the examiner needs to highlight matters of conrn (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief details of any items that the oxamlner wishes to disclose. No specific matters to raise. IER October 2018