REGISTERED CHARITY NUMBER.. 1116420
IIIiSTpif4.RPOINT COTTAGE TRUST
RT
TEE
NAUDITED FINANCIAL STATEMEIYTS
OR THE YE
R ENDED 31
Hawerb A¢¢ourttancy LLP
PO Box 293
Lewe5
BN7 9PG

HURSTPIEI RPOINT COTTAGE TRusr
CONTENT.S OF THE FINANC.IAL STATFMF.Krs
FOII"I'IIL YEAR LNDED 31 ocfoBER 2023
P4%e
Report of the Trustecs
Independeijt Exaininei's Repoi't
ststement of Flnaneial Aetivitles
Bglance Sheet
Notes to the Flnaneiil Statements
Detailed St8temeNt of Financial Activitie5
12

'Pl[I RPOENT COTTA
UST
REPORT OF THf TRII8'J'L4 LS
FOR THE AR ENDED 31 ocfoBER 2023
Tjie Iwstees p￿Se11t tlieir iEporl willi ilie financial statemcnt8 of tlie cha¥ity foi" the year endcd 31 October 2023. The tiu.stees
liave adopted the pj'ovisions of Aetountiiig and Repoitillg by Chaiities.. Statein￿t of Reci￿lmEnded Pixctice ai)plicable lo
chaTilie5 PTcpaiing tlieir accounts In accoTdance with tlie Financial Rtportiiig tandard applicable in (lie UK and Republic of
Ireland (FRS 102) {effeciive l Janiiary 2019).
C)BJF.C.TIVES AND AcrtVITIES
01)Jectlves and aim5
Tlie Chitiity's ma￿ll aim is to provide liousing foi. the pcoplc of Huistpietpoirtt and it% iillmedklte surrounding area who face
lioiislljg Uiid fillancial diffieiilties.
TEie Ttust was Orig￿allY Set up in 1902 a5 & lin)ited cojnpany, but charitable statu5 was obiallicd in 2006.
Slgnifieant activities
The charity's prllicipal activity is the Owne￿hlp and lelling of its ponfo]io of 20 freehold PiK)peities known as numbers I to
20 Manorcotlages, Manoi. Road, HUiStpie￿tslttt, Wesl Sussex, BN6 9UN.
PEEbli¢ benefit
I'lie Tw5tees have coinplied willi tlie duly in section 4 of tlie Cligrities A¢t 2011 to have due regard to guidan¢e published
by tlie Charity Cojnmission, including guidance on public benefit.
Our iiiain activities and wljo we iry to help are described below. All of our Charilablc activities focu.% on provi<ling hou%ing
foi. people of Ilurstpieryoint ajid its llDlI)¢dxite Surround￿£S who face Iwusing and financial difficulties {'the vulneTable
beneficiaries'l to whom Iht tottagBs are let at coneessionary irnls.
ACHIEVEIKEP4T AND PERFORMANCE
Chai'itable activitie5
Tcnancies of tlie Tnist's tottag¢% are granted lo wtential let12ncy applicants ￿g1SteJrd on a waiting list, W]ien a vacancy
o¢¢urs, the Tiustees Jneet to i¥vi¢w the applicaiits and t11¢￿ Jrspeeiive ¢iirumstances. and tlie tenancy is granted to those
who ale perceived to be it) the &?atest need.
I'lie cottages are let at conee%sionaiy rate5. CUITently £50 perweek exclllsive of Council Tax, waterand sew￿age 13tes.
Hi5torycally, Ilie profile of the Tiust's Tetpnts hab been kniEely older people, mostly retired and ￿th sotiie dewe of
uifirlliity. Over the years, this has changed and majiy oftlie current tenants are youngei., ￿ einploymellt atid more physically
ablc.
The Tiust sees itself as havingd good d¢￿te of pastoial caiE, bul tliis is baJan¢ed witli potentk?Ily not being 8een to irtterfere
with tlje lenanls. lives. All Ilie teDaiit5 are kiiowll personally lo tlje Tiiistee$ and at every Tn]slee Jlleeilljg Inoimally four
times 2 yeal) tlie cirevimstan¢e% of eadi tenant are reviewed and any particulai. needs or probleins Identif￿d. Wieir
￿ecC￿ary, the Twst support and assist tlie in5talIation of di%ab]ed aids, including 5taii' lifts, Wall{-￿ showers J Tai15, key
5afe5 elc.
Thc Trnstees have ensllrd thai the chaity has delivejrd public benefit ￿ the aiEas of Lf]ief of housillg and fman¢o1
difficulties .suffered by kcal i)eoplc in tlic Hui%ti)ieJpoitil aiea. Tlie liustees carefully considcr liou*uJg applications and
Mainta￿ a lisL ofihose cuirenily seeking? assislance forwhen a vacancy o¢¢urs.
Page I

HURSTPIEI RPOINT COTTAGE TRUST
RF.P(IRT OF THF. TIIUSTEfi,S
FOR THE EJNDED 31 ocfoBER 2023
FtNANC:JAT, Rfi,VITr.W
Fin2nci¥I position
Tlic cliarity owns 20 properlics which gcncratcd incomc lo bc used for tlie objects of tlie charity. Tlie pft)perties arc kept in
good ol'der and regularly Inainlained. Tlicy aiz valued anniially.
'I'IicTC air no trstrictions on tlie cliaiily's powers to invcst. Thc investment stiategy set by the tiiistees i% to piY)tect the c4 pital
basc and maintain cash dcposits in casc the oppoitunity aillses to acquwc additional suitable piopcity.
Tlic charity lias inade a suip]us foi. the ycai'of £19,393 {2022 . £270.652) - of wliich £Nil (2022 £245.535) related to an
uplif¢ in piDperly values). Tliere 15 a stable as5¢1 base w5111 net assets of £6,3 73,12612022_ £6,353,733) of whicli £40,390
air net CUlTent a%set8 {2022 £22580)
Tlie rca50n for the fall in net assets was the part Tepayment of the niortgage ￿1)[ch was taken out to pu￿baSt Numbei. I
Manor Gaidens.
Pi'incipal funding %Trurcc5
Tli¢ charity 1% self sufficient alld all ￿¢0￿¢ i5 generated from tlic rental of it5 OWt] property portfolio. In 2022 the cliarity
bojrowed £145,000, on commercial lern]s, from ReIiance Bank to a&%ist ill the piirchase of Nuinbei. l. ManorCottage5.
Rcscrvts policy
The trustees have set a policy to maintain sufficient Capital to maintain and in¢Tease the ]evel of cash deposits.
Going coneern
Tlicse accounts liave been prepared oll a goingeoncerji ba51S.
FUTifRE PLANS
The chaiity now plan5 to consobdate its cutTent position and to maintain it5 level of wod(ing capital wh51st ina]nta￿ing the
Cottage5 under a medium telnl LEfurbi5hment plan whi¢h uJ¢liides extemol de¢otstLOn. replacenient of windows attd heating
boiieis.
Capltal Conin]Itments
'riie chanty is committed to a prog•miiie of wThidow irplacemetit costuig £20.244 of which a deposii of £5.5QO has been
reflected in these accounts.
STRUCTURL, GOVERNANCE AND MANAGEI MENT
(Novcrning dotuni¢nt
Tlie chaiity is governed by ils goveming do¢un)ent, a deed of tiust dated 13 October 2006, aJKI ¢on8tiiutes an
uninc0￿01￿ted charily.
Reei'uitment and appoiiitnient of neiv trustees
Iwicn a vacancy occu15. the Tiustee5 atE appointed fiDm the lovdl community a]Ki fiom people already known either
socially oi. in business by the ex]￿ting Tiustees.
REfiEI RLNCL AND ADMINlS'fRAi'IVE DE'fAILS
Registered Chaylty iiumber
116420
Prlncipxl Rddi'ess
26 Biamblc Gardcn5
Burgess Hill
Wesl Sussex
R11158UQ
Page 2

I RPOJNT COTTA .
UST
REPORT OF THF.'rJiii8'1-El4 S
roR TIIE YF.All Li NDED 31 OCTOBC4R 2023
Tj'ustees
A Pridell FRICS
J Cdsile
R Crcaton
S Anckoiyj
AHBDalbyTD. FCA
K NcLqon
S Rcvcu
S Garnett
Independent ExaEllinei'
Suzallne C.raig, FCA
Harperts Ac¢ounlanLy LLP
PO Box 293
Lewcs
BN7 9PG
COMMENCEMENT OF ACTIVITIES
Tlie chatity totnrnenced operations on 13 OtiobeT 2006.
Appraved by oidei. of the board of tiustees on 2 Decenibcr2024 attd siwjed on its behalf by..
A Pridell FRICS- Tw5tee
Page 3

Ml
'S Rfi PORT TO TFIL TRU
lijdependent exan)iiJtr's report to the tvu$tee5 tsf Hui-stpiei'poiiit Cottage Tt'V5t
I Itporl t4 Ihe cliai.lty trustee% on rny exJrninuti(irt of the accounts of I Ilirstpicipoint Cottage '] Tust {the'fiuEt) foi. the year
ended 31 October 2023.
Resportsibilities and b#sis of i'eport
A.% tlie ¢hanly twstt¢% of tlic TTUSt you are Te%pon5ible for tlie preparation of the aecouiiLs in accordance willi the
requiyemcnts of the Charities Act 2011 Ilhe A¢t').
I report in respect of my examinauoii of the Ttusi's accounts ￿lTied out under section 145 oltlie Act al￿ ll) ¢anying out iny
cxamination I hav¢ folbwed all appli¢abl¢ Diirctions given by the Cliarity C.oinmAs%ion und¢T 5eCtiOEI 14515)(b) of tlie Act.
Jndey¢nd¢iit exgmlner's stgt¢ment
I Iiave coiiipleted my Lxaniitlliiot). I confm tliat no Jllaterial Ajattets lyave La)me to my attention ill ¢ont*etioll with tlie
examiiiaiion giving nic Cause to believe tliat in any iiiateLiuI respect..
a¢¢ountu]gre¢ords weiy not kept in respe¢t of the Ttust as reqUi￿d by sectiOTL 130 of the Act., or
the a¢¢ounis do noi #CCOLYI witli those records., or
the accounts do not ¢oiDply with the appLi¢Èbk Itquireinenti eoiieerning the fonn And content of accounts set out Lrt
th¢ CIMrities (Accounts and Reports) Regu lations 2008 othei"thaii any iequwemenl tltht the accounts ￿ve a ttue and
faEI" view which is not a maLiei ¢onsideiYd as part of an sndependent exattlinaliun.
I have no concerns and have con?e aciDSS no otheriiialle15 in cont)ectioJi with the exaillination to wh￿h atientioti should be
drawn in tliis iEport lli order lo enable a PiKiper L)ndetsianding of the a¢eouJits to be reached.
Suzanne CraiBFCA
Haryer5 Accountan¢y LLP
PO Ilox 293
Lewes
BN7 9PG
Date..
3 December 2024
Page 4

S'fATP.Nir.NT OF, fiNANCIAI. AcfiviTII'S
HE VF.AR F.NDF.I)
BF.
31.10.23
31.10.22
Total
funds
Unresti'icted
I'und
Notes
INCOME AND ENDOWMENTS FROM
Invesiinent income
EXPENDITiniE, ON
Raising fujids
38,597
24,845
Chai'lt#ble aetivlties
Genei?I
5,000
OtheT
Total
38,597
29,845
Net gairts ott investments
245,535
NET INCO1¥
19J93
270.652
RF.CONCILIATION or FUNt)s
TotAI funds b1.0￿ght fonY#i'd
6,353,733
6,083,081
TOTAL VUNDS CARRIF.D fiORWARD
6,373,126
6 353,?33
The nules loiin pajt of Iliese r]naiicial stateJn¢nls
Pagc 5

BALANCE SHEET
31 OLryOBLR 2023
31.10.23
31.10.22
Toial
funds
Uni-estricted
(uiid
Notes
Tr'IXLD A88LT.S
Inveslmeiit property
6A40,000
6,440,000
CURRII N'l. ASSETS
Cash at bank
45,456
57,547
CREDITORS
Amounts fallingdue one year
{5,066)
{34,9671
NET CURREN7. ASSETS
22,580
TOTAI, A8SF.TS LESS CURRENT
LIABILITIES
6,480 J90
6,462,580
CREI DITORS
Amouhts falling due after moff th&n one year
{107,2641
(108.847)
NET ASSETS
6 J73,126
6.353.733
FUNDS
Unrestii¢led furtd$
6.353 733
1'0TAI. D UNDS
6J73,126
6,353,733
The finat)tial 8tlltemenL% were approved by the Board of Tnistccs and authorised foi. issiic on 2 DecenTrber 2024 and were
sigllcd on its beliaif by..
A Piidell FIIICS- Ttust¢¢
Tlie notes foiin part of thc5c f5nanc￿l 5tateiMent5
Page 6

RS'fpiLRPOILYT COTTA
ST
NOTES TO THE FINANCIAI, 8'1'AI'LMF,NTS
()R T14V. YEAR LI N'DED 31 ocfoBE4R 2023
AccouiYrING poI.Icif4.S
Basls of prep2rltlk) the finaneial statements
Tlic financkil 8latcn)et)t% tsf the clial'lty, wliicli ts a public benefit entity UT]der FRS 102, have beal PiEpair<l irt
accoi¥]ance wth the Cliaritie% SORP IFRS 1021 'Aecounting and Reporting by C.liarilies'. Siaternent of
Recointnended Prncti¢e #ppbcable to charitics prei)aring their 8¢¢OillIt5 in accordance ivith the Finan¢kil Reporting
Standard 2ppJicdb]e ui the Utc aiid Republic of Ireland IFRS 102) leffectivc l Januaiy 2019)., Financial Reportit)g
Siand8rd 102 'Thc Finantial Repoirting Standard applicablc iii thc UK and Republic ofijeland, and tlie Cljdi'il￿s Att
2011. Thc financkil statanertts have becn pr¢pa￿d wider thc histoiical co%t convention. as modifitd by the
Irvalualion of ceitain asseis.
Income
All inconie ks ye¢0￿18¢d in tlie Statcmcnt of Financial Activities once Ihe charity ha5 entitlement to tile fijttds, it is
probable that the income will be reccived alld tlie amount ¢an be measured reliably.
Expellditure
Liabiiilics are lec0￿)ised as expenditure a5 soon as tl)eJe L% 2 legal oi. conslTU¢tiYe obligation coliiinitt￿8 Ilic ehai-ity
to tIMt expendilu¥e, li IS PJDbable tbat a traiisfer of eeoiJon)ic benefils will be itquiitd in settlcmenl and Iliean)ount
of the obligation can be measLITed Teliably. Expenditure is accounied for on da ULCtuals basis atJd has been classified
under headllig￿ tliat awegate all cost related lo the taiegory. Where costs cannoi be dllECtIy diiiibuied to particular
headings tliey have been allocated to activitics on a ba%1% consist¢nt with the use of iE50uJres.
liiveslment propei'ty
Investnicnt pmperty ig shown at most recent valiialion.
Taxation
The cljarily is exempt from tax 00 its cliaiilable activities.
Fund accollntlng
Unirstricled futids cali be used aecoidance with the charitable objectives at the discretion of the tsustee8.
Restricted r￿ttds CAD ottty be used fol. particulai. restricted p￿￿ose$ within ili¢ objects of Ilie cl￿rIly. Restrictions
arise wlien specified by Llie donoi" OT when funds arc Jxiscd for particularrestiicted puip05e.%.
Furthej. explanation of the natute and pU￿oSe of each fulld iq illcluded ll) the notes io the financial statein¢ots.
INVESTMENT INCOME
31.10.23
31.10.22
Rents Ir¢cived
Depogii account interest
57990
54,962
57,990
54.962
Page 7
contimucd...

coi'r
NOTES TOTHE
EAL
TATEMENTS - LoNtiiiued
FOR THE YEAR F.NDLI D 31 OCT()IILR 2
RAISING FUNDS
Iiivestnient Inanggetnent costs
31.10.23
31.10.22
Insurartce
Propejly repaitE
Support costs
3,385
26,323
8,687
2,609
16,076
6,160
38,395
TRUSTEES, REMUNERATION AND BENEFITS
T]ieiY were no tiustees, Irmuiieration OT O￿ler benefits for ihe ycar endd 31 OctobeT 2023 or foi. tlic ycar ended
31 Octobcr 2022.
Tvustc¢$' expense5
Duting Lhe period ilie TNst paid £615 insuTan£e to insllie the Trllslees fiDtiJ potcntial claims against Iheni whikt
&¢tirtg in good faith as Trustees. {2022.. £615) No other expellses weiE paid un behalf of the Trustees.
STAFF COSTS
TJieiE weJE no staff costs during the period. (2022 .. Nil)
INVESTMETrif PROPERTY
riAIR VALtIE
At l November 2022
Addilions
Revaluatioij
6,440,000
At 31 O¢iob¢r 2023
6,440 000
NET BOOK VALUE
At 3 1 Octobei. 2023
6 440 000
At 31 Ociobei. 2022
6,440 00
Tlie lliveslment properties wetE acqutred on 19 October 2006, wlien the TIu5t was est2bbshtd, al a valuation of
£3,480,500. The Tiust exchanged on the puirhase of Numbcr l Manor Cottages in Octobei'2021 and completd the
acqui5itioii in tlie following year.
Page 8
continued...

ER
NOTES TO THE FINANCIAL sfATEII4tENTS - continued
I,'OR TIIL YEAR I.:NDLI D 11 ()17'01114 R 202.3
INVEI STMENT PROPERTY - eoThtinued
Fair value lll 31 October 2023 is represented by..
Valuation ill 2011
Valuation iii 2012
Valuation iii 2013
Valualion 2014
Valiiatiott in 2015
Valiiation lli 2016
Valuatioii in 2017
Valuation in 2019
Valuation it) 2021
Valuation In 2022
Cost
807,80
286,500
89,000
149,000
36,700
612,500
148,000
40,000
270,000
245,535
3 754,965
6,44O,OQO
The Twstees ¢ary out ali annual review of all freehold p￿pertIeS hcld by tlic cliairity, lo ensure Ilie properties air
cluded at fall'value, in accordaiice witli Ilie Chariti&s SQRP (FRSI 02). The valuation is caji7ed out at the Balance
ShEet dÈte by S AnckoTD and AJ Pridell l-'RICS, on a Vatant Pos5eS5ion basis with a 50/0 discount for posse&8ion.
Thc Tnis¢e¢s ¢on8Kiered thc valiiation 2nd agrcd not lo InC￿aSe the valuation for the eutTent year.
CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23
31.10.22
(hher creditOTS
Loan repayable io less tlian l year
2,428
638
2,169
CREDITORS: AMOUNTS FALLINCJ DUK AFTER MORE 'fiiAN ONE YEAR
31.10.2.1
31.10.223
Loan repayable in mure than l year
107,264
Reliance Bank pk holds a fit3t legal moitgage oicharge overthe fiEehol& intetEst in the prop¢rty. No.1, Manor Cottages.
LOANS
An analysis of Ilie matuiily of loans is given below..
31.10.23
31.10.22
Amounls f￿]1￿1#d￿e irt less iliilD 12 IRunths.'
Moitgagc-Rtliante Bank plc IEpayable by instabnenis
2,638
32,638
Amounts fallittg due ti) more than 12 months..
MottBage- Rclianee Bank rtpayabk by instahllents
107,264
108,847
Reliance Bank pk holds a fitst legal moitgagc orcharge overthe fI￿chOId inteitst in thc property, No. I, Manorcotlages.
Page 9

TP
NOI'ES I-O I-IIE IIINANCIAL SI'AI'L.MLN I'S - contiiiued
io.
MOVEMEI NT ￿ fuNDS
Net
moveineiit
in funds
At
At
31.10.23
Uiii'estt'icted funds
General fuiid
6,3S3,733
19J93
6 J73,126
TOTAL FUM)S
6.353,733
19J93
6J73,L26
Net movement in funds, included in the above air as follows..
Incoln￿g
sources
Re50urccs
eKpend¢d
CTain5 and
k)ss¢s
Movement
in fuDds
Unre5ts'ieted fund5
(ietieral fuiid
57,990
138,$97)
19a93
TOTAL FUNDS
19J93
Compai'ative5 for nioveT¥Lent in fund5
Net
movemeAI
in fuDd5
At
At
31.10.22
Unrestricted lllnds
Gciieral fund
6,083,081
270,652
6,353,733
I'OTAL FUNDS
6 083,081
270 652
6 353 733
Comparative iiet movement in funds, included in the abovc a5 follows..
It)coming
resouires
Resources
expeIided
Gains and
os%e
Moveiiient
in fund5
Unrc8b4ct¢d funds
General fund
54,962
{29,845)
245,535
270,652
I'OT Al, f4 UNDS
54,962
{29.8451
245,535
270,652
Page 10
continued...

HURSTPICI RPOINT COTTA
TrIOTE.8 7.0 7'l[L IllNAINC:JAI. SI'ATF.Vll4 N'r.s _ CO￿￿nUed
FOR THE YEAR ENDED 31 ocfoBER 2023
RLLA'I'fi.D I>ARI'Y DISCL.OSUREI S
Their was no dollation to Tlie Hllrstpierpoint Village Tmst number 290523. La51 yCaT the chaEity donatcd £5,000.
Andrew Piidell, a Iiustee, is a150 a Iwstee of Tlie HurslpieJpoitJl Viltsge Tiuqt.
Pagell

HURSTPIEI RPOINT COTTAGE TRUST
DETAlI.fiD STATF.Mf.Nl' C)F FINANCIAI, ACryIVITIES
FOR THE ￿AR ENDED 3A OCTOBER 2023
31.10.23
31.10.22
INCOME AND ENDOWMENTS
Inve5knnent incon]e
Rcnts iEccivcd
Dcposil account interest
57,990
54,962
57,990
54.962
Total intoming i'esoui'ces
57,990
54,962
EXPENDITURE
Investment management costs
lttsurdnce
Propeity repairs
Sundiy expenges
3,385
26,323
2n2
2,609
16,076
29,910
18,685
ChY4ritable #etivlde$
Cliarit8ble donatioIis
5,000
Support eosts
Govei'iialice co$ts
Ac¢ountan¢y and le¥dl fees
Moitgage
1,080
861
5299
8,687
Total resources exi)ended
38
Net iiicome
19,393
25,117
Tliis pagc does not foiin part of the statutory fsnanci218taleincnts
Page 12