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
-|
|---|---|---|---|
## **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
-|
|---|---|---|---|---|
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