HILL HOLT WOOD {LAIITEO BY GUARANTEE) Reglglered ¢h¥ity Numb•r 1119915 Compony Number lJ4426756 TRUSTEES, REPORT AND FINANCIAL STATEMEps FOR THE YEAR ENDED 31 MAY 2023 1111111111 •ACNSXGg4 0510112024 C(XMPANIES HOUSE
HILL HOLT WOOD (LIMITED BY GIJARANTEEI R•9iSterod Cornpany Number l)4426756 R•gi$t•r•d Charity Nwnber 111991$ CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MAY 2023 Page Legal and adminthiwe informati Repcft ol the Tru51ees RepM ofthe AJ1 10-12 ConsolK1ated ststemenl of rnar181 8cbvibes 13 ConsolM1ated and charity balarts sl 14 Consolldaled cash M¥Y statements 15 Notes fomiirtrJ part ofthe fmnoal statenwts 1&28
HILL HQLT WOOD (LIMITED BY GUARANTEE} R¢gisteTod Company Numb•r 04426756 Registered Charity Number 1119915 Reference and Administrativ• Informthon Registered Charity number 1119915 Reglstered C<Mnpany number 04426756 IEngland and Walesl R•gistsred office Hill Holt Wooj Norton Disn8y Lincolnshire LN6 9JP Trust••$ R G Hazenberg (Chairl S Clarke- reggd 22.C6.23 G Geor9iOU M Rhodes- reggned 13.1123 . R Parker L Krogdahl E Norton S F A5hmor&- resgnad 11.11.22 C MUrt- appointed 15.1222 Audltors Wrlghl Wi9ar L4nited ReStered AuL1iltyS Chartered Ac¢wn¢ants & &Jsir*ss Athisers Ntylhgate House Norlhgaie, Sjeaford Lincolnshire NG34 7BZ Advisers Senior Managemont T•am S Dornagai R Rousseau B Wilson O Wwdman H Drake Ch1 ExeeJJtive Head of Finance Head Ranger Head ol Operatity Head ol Business Head of Educalion Bankers HS8C plc 221 Hh Str991 Lincoln LN2 1AZ Page I
HLL HOLT WOOD {LIMITED BY GUARANTEEI Registered Company NuMr 04426756 Registered Charity Number 1119915 R•port ol th• trusts•s for the yoar •nded 31 IAay 2023 The tru$iees. who are also direc1$ of the charity for th8 purFK)ses ol the Art submit the annual port and Ihe ited finanoal 5tatem8nts for the year ended 31 May 2023. The trustees have adopted the wovisws of Acc(wnb"ng and Rep)rting by Charities.. Statement of Recomrnended Practice appli¢able to charits.es preparing Ilir acctyJnts in accordanL¥ ¥rith Ihe FinanrAal ReForb"ng Stsndard appli¢able in the VK and Republic of IreL4nd {FRS 102118ffective 1 Jarnary 20191. Obl•ctlv•$ and activ$ 1. prornotg sustainable devek)pment for the befft of the wblic by.. lal the k¥e5ervakn, conServatiC and protection of the environment and Ihe pru¢Jenl use of rgwJrces,' Ibl the relief of poverty and the imrKovement of Ihe rx)nditifS of life in socialty and disadvantaged comrnunities. Ic} the pr0rm)ti( of sustsinaNe means of achieving ec(ffioryMc growth and regeneration to advan( the educab.on of the wbthc in subiE¢15 relating to sustainabke developrnent and the PrOttIon. )hancemenl and h¥blIall of th8 envir0nffl. sustainab 118V8k)rxnenl m8ans-d8vekJpmenl which meels Ihe neeLIs ofthe pre5enl without COMWls1ng the offuiure gerw#)ns to mt thw"r neods-: 2. the pr8servabon and prote¢lion of gcxyj arth of patents car8Ws of children and young F4OF48 wlh sPeal needs, by the provtsion ol infcmwth"on. th"c• aThJ services aThJ thg d8vejoprl1 of suprKrt TreTk$ befyveen pants and carer5", 3. Ihe provision of recreaticnal facilitvas and actmknes frx the public al those who by reason w their youth, age, infmiity or diSabment, financial hardship or s(to1 and e¢(¥)omic oicumstanc•s. hav8 need ol such facilhe5 or activilie5 for Ihe purtx)ses of better 1nte9rakn. irto Ihe tcrfnmunty aTrJ uime rethb#w.' aTrJ 4. yJch Otherdwrit18 means as rnayfromtme to Iwne be deterrined by the decto. The Charity Is gratef for ts efforts of.its"Von18s at BYJ Wtwyj are Involv in tht eonseryatKfi, build environment and Feer revw ol th• pro1. Public benefit 15 Central lo the of al charits. In deoth"NJ whal aciThith"es the tharity will undertakt during lh8 y•ar th• Trustees take note of the Charty CcxnMiss)n guidan on Benefft. In parlirJJlar Ihe Trustees ojnsider how planned activities will Contritle lo the aims and objectNe5 th8y have set. As Ihe ts open free of charge to the pl)1 the benefit derived is u)n5ir18ratl8. Page 2
HILL HOLT WOOD IUlJllTE0 8Y GUARANTEE) . Reglstered Company Numb•r 04426756 R¢91std Charlty Number 1119915 Report ol the Intst•es fgr the y•ar •Thd•d 31 May 2023 ACHIEVEMENT AND PERFORMANCE We were awarded by the Royal forestry 50uety Ihr Best of Ihe Best awaro In the categcyy Edwalion leaming in forestry. This was presented at the Nalional menKwial arbc¥etum in Ihe nationa fcSt. W8 also won the Newth busk)ess awan15 Envir[ tineSS ofthe ygar. Our project Nefvth wlh nature was su¢cessfvlty corTyleted Tnlh over s( young engaged in conservalJn actNitses and over 250 01 them gaining qualifjcabons. 1.687 Kg of Irtr was a9 ped from wrKYlanLIs. Looking after LoItyS wa5 a conlF8cI Ihal saw u5 Irrvr( a k¢al natwe reserve by instslling an arbficlal kffigfisher sng bank and new tJarth¥a8. Our mental healh imKovemenl FNogram5 ContiTh to be wel attended year nmnin9 fA)ppic craftin9, green woodcraft ané bUIld in natvre woiects. Curranlly, we hol4 inveslments in the st( market 1h a sloth brokerage fim Ihat specialoes in eth1, environmental aThY tharilable investments ¥th the fimi. JM Finn. The investrnents are hdd to Owty grow incom¢ for the Chanty txjt via invesling in ethieal, envirnnment31, low risk and scoal SUprtIng 8thties thal alwn ¢bsety with tl)e Charity's mi5SILYI 5taternent and ethos. DLJriro the year. the expected Sha vahje was expecied lo grow ty 4.4%. The share va ultimately deueased by 23Yo dufr to the e¢(Mi¢ challenges aThJ èrt8mal factor5 aff8cting glow rnarkets. Amhough the Sha values decrea58d. th8 expecied dNidend yieh15 from the investrnents fdl £300 short ol largeL Chall•nges Low increases in our core funding from the EFSA and no inwse in Higher Needs funding for tsJr rno$t vulnernble18arn8r5 arg Starting to $trel¢ wr finawal reswrces. as tyJr salary aThJ operating LY)sts increase at a muth higher rate Ihan funding in¢rea$e$. Thts conb.nugs to be 8 tha118ng8 8speciaty as we irKreasg in the nurnber of yourvj pe¢We with an edurntion health and car? pL8n. Plans for the futurn As part of our onwThJ strategic rniss#)n and ddivery of our Ini88t.$ fvfryoar plan, w have dev&h)ped a k)ng term grovAh plan which indudes several notstle comnytments to ClJe to serve our commwity daliver our values. These commitments weT•: - Acquisit#)n of additional knd to conti1Je our conseryalion, eojkngvl aTrJ lan&W a(aMtyes to ensure If Kvotection ol the local nalur81 enwronrnent, ccfflrwnity and wi%)life. . Commenc8rnenl of a large, Iyear project lo ereage thxjsands of rnembw5 01 ow community to re-eThJag8 with nsiure an¢ to help assist us Yrith ¢JevelopiNJ the &xal enVwrnent i15t enhartir¥J their enrOnMental sknlls - Compktion of tyjr AJtst Studtrj resJency tik11rS to supp(t Ihe c(.1 to develop a he4i5ts'c klon to in5pir8 envwgnmgntal arts. - Our plan to becomg 8 rArbon posili¥e Ka"On and wnmit to a permanent r8nwdblè sustawTrablg en8ryy pian whi15t maintaining our company conslitulK>n of ting off-grid with nalwa Fower sources. - To conlinu8 to strive in ever develwng our wthiny and leaming conditKffj5 for all of our staff, Igamws. vokjnteers and nmbers of cw ccffjrThJnty to enh*v Ih8w of frfe * (xeate an environmenl for them to Ihri¥•, built by them581v8S. Page 3
HILL HOLT WOOD iuMrrED BY GUARANTEE) Registered Company Number 0442ffj756 Registerqd Charlty Numb•r 1119915 R•port ol th tru$tMs for the year ended 31 May 2023 HULL ?0223 k•GHUGHTS 4• 43 5mofith I ':I.Iyi.-i 1 LAUNCH, COMPLEfED PROJECTS FJ. ?.'¥..1".5LISI'. i.:I'i. 11,1. AWARDWON 1,687KG 50 Il'.rsthd 501 250 IV1RONIIENf PINJJECT U)WE OV&81200 PEOPLE ttdthelP2 611b)iel Page 4
HILL HOLT WOOD (UAIITEO BY GUARANTEE) . Registe Compary Number 04426756.. Regi$l¢red charrty Number 1119915 R•port ofthg trusts for th• •nd•d 31 May 2023 FINANCIAL REVIEWI Reserv•$ Pol. Unrestrte(l fthjs are needed.. to cOr the $ts of ptovH1rrwJ Ihe seThices wlh regards to tundiThJ £traCt$. to rnatain and manage Ihe roJland wthoLrt the ¢h8rrtywu not $t. to ¢overthe cosl c{adn1$1ral)n, fundrnirwJ and vrth the charty notfunction. The trustees consider rt prudent thai Ihe unStriCted reseNes sf¥JJbJ be suffjoent.. to avThd the nece5sty of realising fixed assets hdd lor the thantys use. to COV8r th8 costs assated with providing the Servi th regards to fvn(ng witra¢ts ts at least Ihe end of Ihe n8Xt contract temi lo cover the ol th• maintenance and mwmenl ofthe wcK¥JL3nd al18ast year. to u)ver wages tr a peric¥J ofttrrte Nthths. The level of reseNes k% reguLarty monlttired rew8¥1 by Ihe tW5tees ai board me8.Thg5. &x of wages has been sè18s the tsrget reserv8 level. The 5iX-mOllthly reserve leve15 ave 58t ba58d up)n the pre58nt staffirrfj obligatiorts and aTrned national w8g8 inu8a58S eornrnenc¥ frorn each f109 Apnl as of t)ewmtr of each year. The planne# reserve levels Jo factor employer ntributions due on top of the stsndard pay for all empbyees. For y8zr ended 31st May 2023. thesg levels We setto.. Six months- £335,000 Thtr month5- £167,500 Rlsk Mana9¢mMt The truslees have a duty io hlentify wew thg risks to which the Charity is exFosed and lo ensure apprwriaie contro¢s are in pla lo provide reasonabk assuratKe against fraud ernrrf. The risk regster is ¢ontinualty uOate<l lo fIe¢l the many ¢hanges made in the rec*)t 9ovemment cuts. Rfjsks indude change to fundirvJ arrangernent5, fire in Ihe wocoj and livestttk th's8as8s suth as l&)t and mouth or bird flu as well as safeguarding, seri$ theft an(1 drge to IXIry$. whe appropnale. systems or procedures have been established to mitigate the Yisks the charrty fraces. Intemal eontrol rtsks are managed by the iMeMentatM of wctedure5 for 3uthNiz8kn of al transact5 and projects. Procedures are in place to ensure rpIlar Ymlh heatth aThJ safety of slaff. yunteerS. dients and visitors to Ihe wo)dland. A traffic Ight syslem has a150 b88n neM8n1•1 on ffinanrAal infoffnakn lo show Iwu51ee5 of any potenlial wisks at an ea stage. An exlemal HR company has been conirncied to SWJkYMt the SMT ensuiing legtslation is updated Page 5
HILL HOLT WOOO {LwrrED BY GUARANTEE) Rtyistèrd Comyny Numb•r IM426756 ¢9i$lertd Charity Numl)er 1119915 Report of th• tNste•s f•r the yw ended 31 May 2023 STRUCTURE. GOVERNANCE AND MANAGEMENT The charity is a chaiitable company thmited by guarante8. A merrKYarwJurn artth ol a550oation govem rt. In Ihe event ofthe uJmp8ny being YJund up meftknrs are required to fthritNJte an 8mounl rKJl exceediro £1. Recruitrnent and inbnent of I ors The directcts of the eornpany are also thanty trUee5 for the wrpKJses of tharyty law and under Ihe (tmpany s Artides a k[Tr as Direct$. Under th9 r8wirernents of th8 Memorandum and Artides ol AssLKk?tson the Directors a elette(J lo sgNo for a penod ol th years after whh be I[e¢l at Iho rt Annual General MeetiThJ. Much of th8 charity's inevilaNy fo(yJses upon yourvj people and vukneratAe adults Directors seok to ensu Ihat the needs of this group a appropiialety fie¢ted thrjgh the dNersity of the tsustee b. To enhance the polenlial pool of trustees. the charity has. through neon9 arJ partnefships ¥h k)cal agenries and educational sought lo ident apwopriate Directors to use Iheir own experience Io a5S15t tt chanty. The nKI tradilional business, envIrments1 and markeb.ng skn.lts a ented Ihe Board. Thg Board uses audils recomrnended by the Chanty C(Xnnws0n to •n5we tht breJlh of that are needeo are prewt. and sucwsM)n planning is parts.ally skills based. anlsallonal Structure Hill Hdt W(x)d ha$ a Board of 6 volunteer Trustees meet quartety and afe iesponsibk frjr.the strategic direct)n and policy ol the chaiity. An Exeojlive cornrnth can be Cald Bt btsard meetings -to"diS(S fjnance ano Strateg matters. &nce th8 prev8 year 8nd 3 tnjslees r8svJned from their rAHtion5 and 1 truslee wa5 8Cted. A scheme ol dekgalion Is in place and day-to4ay $p(l.1Y for of Ihe semces rest wlh the Chi8f Ex8CUtive alory with Ihe S8nior Manag8nI Tearn. The Chi8f ExeoJtNe is respon&ble for ènsurin9 that lh6 charity delivers the services speafied aTrJ that key Perfnan indalOrS are rneL The SeThicrf Management team coryyi5ing ol a Head ol PAJ$iness, Head Rar¥Jer, Head of Finance. Head of Edu¢ats and Head ofr(l)eralThs assts him. The Senw Management Team comwses of.. Steven 09n- CEO Hdlie Drake- Head of Business Ben Wilson- Head Ranger Ql'ver Warxlrnan- Head of OperatFons Ryan Rosseau- of Finanr Jodie Hill- Head of Edktcabon Page 6
HILL HOLT WOOD ILwrrEO BY GLIARANTEE) 091$tsr Company Nurnber 04426756 Regbslved Chathy Mumlxr 1119915 Re of the trust•es forth• y•ar •¥Kkd 31 May 2023 STRUCTURE. GOVERNANCE AND MANAGEMENT ¢ontlnu•4 Trust•0 Induclron and Traini The Direclors, inthctw handbook has been updaled and refra rewt legiali¥e thar¥Jes. Most Oirectors are already tsrniliar ith lh8 wactical ofthe charity. visilFng the wcoJLand Iheir lSUre tsme and are encouraged to spend a'jddy. day wth ranGer$ and kamers. New tnJstees rnust attend a one-day inductson Msit to familiarize themsew Ihe Charity the ¢ontexi within whith il ¢s)eralgs. There will be a serie5 of one ¢Jay WL¥kshops throughLNJt the year. The50 are hekl al HHW 3TvJ other group bcations. with the opportunity io meet staff and leamers. safeguardi training foms part of this inductK)n iewiring trairin9 to be completed in SafeguardirrfJ thiklren. PrÈvent agenda and equalty and dwer5ity. The obligal¥)ns of Tnjslees The main documents thich sel trt Ihe cwatk)nal fraMthrk for the tharity induding e[rrandrn and Arkn"des and aims and objectives. Cornmis5M)n PU1¢40n$ 5ig#posted through the Commksyon's guide Ihe Essential Trustee. as a up to these Sess9. This ts dtstributed lo all Iwslees"along wlh the Mefflorandurn and ArteS and Ihe L3te51 finanoal staterrEnts. PAan rnent r•rnuneration Th8 Tru5t88s consid8r the lo and re5Fon5*x"fibe5 of key Magement p8r50nn81 ar¥J rev the rnnuneralion package in line with similar entitses. Annual apKwaisals and pay reTrAews on key management personnel are undertaken based tsrn Ihe ifyjiwdual's performano of their ¢JubÈS fulfilment of the objectNes of the charity In the period. Page 7
HLL HOLT WOOD.. (LIMITED BY GUARANTEE) R•gi$tered Company Nurnber 04426756 Regi5teTed Charity Number 1119915 Report of th• trustees for the year ended 31 IAay 2023 STATEMENT OF TRUSTEES RESPONSIBILITIES The trustees Iwho are also directors of Hill Hon W1 for the wrposes of company L2wI a responsible pparing the Tw5tees' Report and financial ststements in accordan wth aFWKable law and Unrted Kingdom Ar£ounling Standards Ivniled Kingd(xn Generalty A¢ceptetJ Acuwntir¥J Pracirel. Ccmpany law rU1rS the trust5 to prep3re finanL?al staiernen15 for eadT finarK731 year, which gwe a tn and fair wew of the slate of affairs OF Chanble company and ol the incomin9 resources and application of resources. including Ihe incom¢ and expenditurè ofth6 drilab ccryary trthe year. In preparing Ihes8 rinancial statements, Ihe INsiees are requi to. . Select suitable acu)untin9 and aptty them consiswty: Obserye the rnothods pM¢iples in Ihe Chanbes SORP.. . Make judgements and esb"ma¢es that reasuwble aThJ mwjsnt: State whether appIate UK AA)untIng Slandwts have t8n fowed. sutpci to any material dopartures discthèd and exainSt1 ift ihe financkAI slalements and Prepare th8.finanual stateniS on the goiThJ c&M basi8 Un it is inapproaLe to presume that tharitsble conwany will contsnue in laon. The trustee5 are resp¢n54b for keepin9 proper accwnbng records that ld05e with reasonable a¢uJracy at. any time the financial po%11) of the charilable ¢ompany and enab them ensu that the financial staternents comply wilh the Companie5 Act 2006. They are also resrKJn$iNe for safeguarding the assets of th¢ charitable )MpanY and hence ts takmg reèsonabk sw for prevenbon an(J ¢Jetecb"c offraud aThJ other Irregularitiès. In so far as the Intstee5 ¥e aware: . The is no rdevant audrt infom)aiion ofwhich the dwntablè cTrnYs audrtor k% unawarn", and The tnjstees have laken 811 steps Ihat Ihey (xJ9ht to have laken to make Ihemsel¥es awa of any relevant audit inlom)ation and to establish Ihat audibr k% a¥yare of thal inform*ion. The trustees are responsityle fw the maintenance arn1 integrty of C[N8te an¢J finanual infomal cjuded on the charitae cornpanys website. Legislalion in the United Kiwjom governing th? preparat and disseminatson of finawal ststements may dfv fr(Mm legtslabon in olher J$dictIS. Page 8"
HILL HOLT WOOD {LIMITEO BY GUARANTEE) R•9i$lv•d Company Numb•r 04426756 R•gi$t•r•d Charity Numbgr 1119915 Report of the trustoes for the year ended 31 May 2023 Statement of provlslon of Infornwtion to Audito So far as the twstees a aware. there is leVant inf(MIH las defined by Section 418 of the Cornpanies Act 20061 of wh'ch th8 Charitab company s auditors are unaware. eath trustee has taken all the steps that they Ought to have tsken as a trustee in order to make tM awar6 ol any 3Jrt infcmation to establish that the charitat4e cornpary 5 au(litors a aware of Ihal inforrn*x. AUDITORS A resoluliorTr proF¥)sing Ihe retenb'on of •JditO Wrydhts Vwar wil lo the Annual General M881ing. ON BEHALF OF ThE BOARD.. R Hazenberg {ChaYl Date.. 14 D•t8mber 2023 Page 9.
HILL HOLT WOOD pJirED BY GUARANTEEI Registered Cornpany Number 04426756 Registered Charity Mumber 1119915 Report ot the Indndent Auditors tr+ the mbers"of Hill Ilolt Wood "" Oplnlon We have audited the ffina)(ial statements of Hill Hott Wood Linmied {the'wenl ¢hariratAe ¢xJmpany'l and its $ubshliaries {the 'group'l for the year ended 31 May 2023 whith mprise Ihe Grow) Slalewt of Financ¥al AC8$. the group and Ihe Parent Charitsble Company 8alarKe Shoet. the Group Cash Fkjw Slement and rte5 to the finanoal Statements. induding a SLtmmary of signifi¢anl acnting pdicies. The fA)anrAal rewJrbn9 framework that has been apph.ed in th8ir preparation is applicab18 Law and Uniled Kingdorn Accounting Slandards. induding Finaal ReporknTrJ Standard 102 Th? Financial Rewting Stan¢Jard applicable in Ihe UK and Repubthc of Ireland Iunrted Kiiwffi Gen¥alty Accepted A¢Jnfy"n9 Practtil. In ourotNnion th8 financial 5tat8ments.' ' give a true and fair view of the stat¢ ol lh¢ 9rryJp's and pareN dnble cAy))pany's affairs as at 31 May2023. arKI of the group's incorniThJ rgsources appltc)n of r9sours, wthlirpJ rts incom8 expltUre, fvjr the year then ended,. . have en Kvoperfy wepared in accL¥darte wffjth uited rjOrn Ac¢ekKed A¢n11n9 Practice.. and . have ten yepared with ts requirwts rfthe Cynw#es Art 2C(6 and the Charibes Act 2011. 8•9ls for oplnlon We conduct8d LwJr audil in accoTdance wilh Intemalional Standards on AJIn9 IUKI IISAS IUKII and applicable law. Our responsibilities under those 5taTKJards are furthet des(Jibed in the Audil(rfs K)nsIb.1e$ frjr the audit of the financial statements sedn ol our teport. We are in¢JepeThJent ol the 9roup and paTht charitstAe ¢ompany in adae th Ihe ethul requirements that a leVant to our audit of the finanoal slatements in Ihe induding ihe FRC'S ElhiGg1 Standard, and we ho fulfilled our t)ther ethical responsilili¢ies in aoxJrd8rt(< these requirem8nts. We lIeVe thal Ihe audil evidenc8 w6 hav• obtained is sufficient and apwopriaie to provide a ba&s ownion. Con¢lusSons r•kting to wng eone•m In auditing the financial statements. we have CA)nduded Ihat Ihe trustee5' Use of the wing concem tWSi5 of in the preparation of the finanrA81 statements is appropnate. Based on the woth we have perforrned. we have nol hlentified any material uncertainties retiTYJ to events or condity.ons that. individually or colkntivety, may cast SnIfiCant doubt on the group's or paTent dHrilable company's alylty to contlnue a$ a golng concern for a period ofal least Iw8fve monlhs frorn vthen Ihe final statements are authon5ed for issue. Our re$wn%bies and the resp(sIbilIS ofts Iwstees 1h respect to gory (¥ncom dewbed in relwant SecticS ot this report. her Infonnallon Th Tru5ttes ar? responsib for the olher inftThalK>n. Th8 other CmpriseS Ihe infcthatw Ided in the Twstees. Annual Rep)rt. other Ihan Ihe ncial staiements and our audrtof 5 rewt Ihereon. Our On10Th on ihe finanaal stalements does not cover th8 olher informatw a. except to Ihe extent othwe exp¢tty slated in report, we do Trot expr9$8 any foffn of assurance ¢oncKJsic Ihereon. Our responsibility is to read th8 Oth inlormation and, in doiThJ so, cons•Jer whetherthe other informattcfi 15 materially inconsist8nt wlh the finarKial ststements Of cxjr 1Th)W09e Obtair in the wjrse of the audit or otheThwse appears lo be materialty misstated. If we identify such rnaterial IncsistenCes or apparent rnaterial rnisststeftnts. we a required to deteIne whether thi5 gives li to a rnaterial mi$statem8nt in the financi* ststements lhemSe85. K, based on th8 work we have perfonned, we condude that there 1$ a ITTrateal misslatorn•nt of thr& other 1nliKmatx)n. we reqtswed lo report Ihal fact. We have nothing to pOrt in this regard. Page 10
HILL HOLTWOOD {LthIITED BY GUARANTEE) R•gi$t•r•d Company Number 04426756 Registered Charity NUrnr 1119915 Report of the Independ•nt Audilorty to th• Members ol Hllt Hott Wood """ . . Oplnlons on other matter5 prescribed by the Cornpanlgs A¢t 2006 ITh wropinion, based on the woth undertaken n the ce of the aL•Jit' the inlomiab.on given in the Irustees. reF4Xt irOrpatlng Ihe directors. reF#Jt for the fina[1 year for whKh th8 finaneial stalements are prepared is con%$tent 1h the finalar ststements.. and the directors. report have been prepared in accordan wrth applicable legal requirements. Matters on whl¢h w¢ are rnguFTrd to rwt by •xc•plion In the IvJht 01 our knThthdge and under51andiThJ of the gm4y and chtsbk oy7)pany arn1 rts environment ctstained in the course ol the audiL we.have noi entffied matèrial missiatern•nts in dYeClo. r8PJrt. We have nolhing to in respect the folkn•9 ma118rs in relatM lo the CLKnpani8s ALI 2LKfj and Ihe Charities Act 2011 reqwr85 115 to r8POrt to you rf. in opinion.. adequate an¢J suffiuent accountiThJ recuds have not been kepl by the Pant tharitaL4e company. or turnS adequate for our audit have not teen receive(I from I8he$ not visited by us: or the parent charrtaNe c(¥npanS statements we not V88ment wAh thg acajuntlng records and retuins., or cértain disclosw¢s of¢irertors' murall( ¥eofi&Y by lthf are Th)i made." f we have not receNed am the informatKJn and ewanabons we requi forovr audit.. or the Iruslees were not entitkd lo prepare the financial staiements in acclYdan with the small CnpanieS. regime and take advantage ofthe small CA)mpanies' exemptKm from the reqU1ment to wepare a strategic pcl. Rosponslbllllles oltruste As explained mole fully in the tnJstees' reskhxsIxl'eS stalement 581 out on page 8. the twstees (who are also tha ire¢10 of the charitae company the purrAises of ujmpany L3wl a Sp$ble for the preparation of the finanual staterngnts and lor tiThJ sati8fied.that they give a true and fair vw. and for Such thtemal control as thè trustees deterrnine 15 Trece5sary to en3e the preparatIc of financial statements Ihal e free from malertal mk%st8tement. ¥tter due to fraud orem)r. In preparin9 the financial stalerrents, ts irustees are responsible lor assassij group's and parent charitable ccffjpany's a'lIty to conlinu8 a5 a wncem. disdosing. as applicab. matters related to gwJ conc8m and using the 90ing Thrn basis of )Unbn9 Un$$ the tnJ51ees erther Intend to liquthte the gup orth8 parent charitable company or to cease Operati5, or ha¥e no rgathsti'¢ aemalNe Iwl to (k* so. Audllorf$ r•sponslb116ths for th• audll of tho finaThclal ststements Our obJectiv•s am to obts r8ascwble assurarKe aimxrt ththelher Ihe stateMts as a wh)le aro free from material rni5Stalemenl, whelher due to frdLKI or error. aj to iS5V8 an auditorf5 reFKrft Ihat incIe5 olrr opinion. Reasonable assurance is a h¢9h e1 of assurance. but is not a guarantee thal an audit cA)ndu¢ted in accordance with ISAS IUKI wll ahvays detect a material misstrteftnt wfien rt eMsts. Mi5Staiements can arise from fraud or e and are Conside malwial il, indNJuaY or in ihe aggregate. they coubj feasonab be experted lo innuerKe the economic ¢JeC1On5 of u5er5 taken rm the basis of these finanoal ststemen Page 11
HILL frIOLT WOOD (LIMITED BY GUARANTEE) Registered Company Number 04426756 Registered Charity Number 1119915 R•port of the Independent Auditors to the M¢mbvs"•f Hlll Holl Wood ularities. including frau¢J. a instsr?s of n(toM[laDce laws and regulat$. We desKJn procedure5 in line W1h our resF#Jn5ibilitie5. oullined atM)ve. lo ¢ktecl material misstatements In respe¢t of irwularits'es, indud1 fraud. The extent lo which wr procedu$ a capab of delecb.ng irregularitses. inchJdiNJ fraud 15 detailed beltrw.. Our yrk is perfomied tts indude an assessment of Ihe susceptibility of Ihe entty's finanual slatements to material mis5tatern8nt, Inc1j1n9 the risk of Iraud. Qmng to the inlrent "miallonS ol an audil, the is an unayoidable nsk that matèrial misstatements in Ihe fiwwiual statements be ee. even thtyjgh the audil is prOY planned and perforrneo in acc(dance with Ihe ISAS IUKI. In idenbfying an¢ assessing risk of m8ieri81 rrrisstaiement in respect of irregUlare5, induding fraud and non- compliance wth law5 and legulations, ryjr pr(dureS Ined th8 folrmng: We an our work to gain an understarKliry of th8 Sylrfnt la%"wd reguLqtMYs that are of to Ihe entity and the sector in whKh they operale. We perfM (w wcwk to eityjre that Ihe enb"ty4s CLMnp.r Vth its kgal . and regulatory trafflerk. W8 obtsined an UerStanding (rf how the o)mpany is wnp.ng wilh those legal and regukw IrnevrkS by rnakiThJ iwuines to the management and people Cknaed with govemanct. We assessed the J5¢eplitslity of the Compantys financi31 statements to material misslalefnent, inchJdirrfJ hrNrf fraud mvJht occur. Audit proc8dur8s performed by the eThJ&Jenwnl team in¢kthL1.' Substsntjve proceilus perfom)ed in Bcc0njan wth the ISAS IUKI. Chalkngmty assumpth'ons and juO3ments madè by management ID ts sgnificanl accountirKJ ests"mates. Idents"ty"ng and tssting joml ent. in part1¥ makni entries -a an assessMt of year end jownals. Asses&ng the 8XtentDleomWiwKe wrth the relevanl la and A further.de5criplJn of tyjr respon&bthes the aulfit of Jhe ffinancial statern.1$ the Finanoal ReportiThJ Cwnufs bte aL' wMw.frc.wJ.ukJaLK1ttorsrnsp(lI1tie$. Th6 dewipb.on f(m part of our auditorfs repryt. Us• of our report This port Is made to the charitstle ¢rnpanY$ methrs. as a bc¥ty. in ac¢1Ydan th Chapter 3 of Port 16 of the Companies Act 2006 and to Ihe charitabk company's trnstees. as a body. in accordance th Part 4 of the Charities (Accwnts and Reports) Regulations 2Crf)8. Our audit has t*en undertaken so that we wht 8tate.to the Charitab company 5 rnembers and its those ma¢lers we we required to state to them in an audllor's report and for no other purpose. To Ihe fullEsI extenl pvmrtted by L4w. we (lo not accept or assume respDnsibility to anyone other than the charitabk cornpany Ihe chartthe oynwws Trustees as a tdy. f¢x our ajr& work. for thls report, or for Ih8 opinions we h8V8 formed. James Sewell BA (Honsl FCA CTA Isenpy Slalutory Atxhtorl for and on behalf of Wright Vr Lirnrted Statutory Auditor5, Charted Accountants Busness Ath 15 Newland Linccln LNI 1XG Datè.. 14 Decernber 2023 Page 12
HLL HOLT WOOD {UMtrED BY GUARAPUEEI Raglstered Company Number IM426756 Roolst•rgd Charity Nvmber 1119915 Consolidat•d Stst•rn•nt ol Flnan¢Sal A¢tivilio$ Ilncknllny summary incom¢ and •xnd1tUr• •¢¢ountl lor the year ended 31 May 2023 Unrostrbded R•$tri¢tsd Fund5 Funds Total 2023 Total 2022 Notes Incom¢ and endowm*nts from: Donal#)n$ and legacies 2.372 2,372 292 othgr tra(ling activib¢s 417.728 417.728 339,994 Irvjrne frcffi inveslmerts 7,801 7.801 horitable athivib 'Conservaiion and trainirg 694.240 194.9)5 889.145 1.049,329 Olher Incoma 171 171 2,915 To¢)1 In¢omirtg r•sour¢es 1,122,312 194,5 1.317.217 1,392.530 ExpendIrÈ an: Raisin fijnd "183.401 183.401 180.992 harits le active$= conservab.on and Training 866.240 165,$31 1.031,771 955.071 Totsl resou•$ •xpgnded 1.049,641 165,531 1,215.172 1,136,063 Galn$ on Investment property 11.250 11.250 21.250 Loss on InTMStmonts 16.650 16,650 Net incomell8xFendrtur81 67.271 29.374 ' 96.645 274.633 Gross transfers bets¥e•n ftds (5361 Net wKomel{expenditvrel 67.807 28.838 96.645 274,633 Reconclllation Of funds Fund balan¢e$ broughl fCAw8r at 1 Jvne 2022 1.834.653 195,757 2.030.410 1.755,777 Fund balarKe$ forwarf at 31 May 2023 1..460 224,595 2.127.055 2,030,410 l ofthe above >jIts a éerwed aefvibES. Al gains and bjsses r8C3>jnsd in Ihe yèar arè included above. .Page 13
HILL HOLT WOOD GROUP IUMifED BY GUARANTEE} Re9iStered Company Number 04426756 Registered Charlty Number'1119915 Con$olldat•d and Chaifjty Balan¢• Sh••ts a5 at 31 May 2023 Group 2023 Gmup 2022 Charity 2023 Charity 2022 Fixed assets Tangible asse15 Inveslmenls Inveslm8nl prop8rty 8&9 10 11 1.197.111 79.266 232.51Y) 1,508.877 1.221.764 95.916 221.250 1.538.930 1,162.713 79.268 52.500 1.294.481 1.188.132 95.918 48.750 1.332.800 Cyrn1 assets Stocks Debtors Cash at bank and in hand 12 13 118.410 68,815 627,109 B14.334 115.197 22,583 566.226 704.(1 118,410 114,702 563,521 796,633 115.197 90,307 549,536 755,040 crltOrs..' amounts falllng du• within one ar N•t GuTh•nt a55•ts 14 102.210 712,124 107.456 596.$50 70.724 725.909 81.493 673.547 Totsl assets kss ¢urrnt li•biliti•5 2.221.001 2,135,480 2.020,390 2.006,347 CTrditors: amounts falllng due after More th•n ortt year 15 105.070 36,243 42,172 N•t a$s¢ts 2,127.055 2,030,410 1,984,147 1.964.175 Funds.. Unresiricled funds Restricted fvnds 1,902.4eAJ 224.595 1.834.653 195.757 1,759.552 224.595 1.768.418 195.757 TOH funds 17&18 2.127.055 2,030.410 1,984,147 1,964,175 The trust88s have pr8ped group acrA)unts in acryjrdarte 398 ofthe Compans Aci 2(#)6 and sethtsn 138 01 the Charities Act 2011. These aCcnts a prwred In accwjance wnih the special proSK)n5 of Part 15 of the Companies Act relating to small cornpanies and ConstU1e tha annu aCoJLS required by ihe Ccffipares Act 2006 and a for cirtulation to member5 of the cornpany. The finaKial statements on pa 13. 28 were aFPtoved by the In&ees 14 Dern 2023 and shjned on behaff by". ' R Hazenberg ITrnsteel Page 14
HOLT WOOD GROUP ILAiifED BY GUAPANTEEI Rgisi•r•d Company Number 04426756 Registered Charity Nurnber 1119915 conlIdated Cash Flow Statomentfor th• yr 31 May 2023 . 2023 2023 2022 2022 Cash ftows from op•rating adi¥itie$'. Nel cash prtsvide(g by (used inl operating aCb"¥e$ 69,889 289261 Cash fl¢¥¥s Irom Investlng act0v•s.. Dividends. interest and nts from inve5twts Proceeds from the sale of propety, (4ant and equlpmert Proceeds from saje of 1nvestrTts Purchase of investments Purchase of property. tAant and equipment Net ¢8sh provided by (used inl in¥¢slin9 acts¥ths 19.988 17,765 18.355 110.IMMI 29.103 {99,0001 101.282 1764) 1182,5171 Repaymgniof borI1ng$ Cash used In financlng a¢¥110$ 8.242 8.357 182421 I8,3 Chwwe lth ¢a$h and cash •qu4valwts in th• r•porting pwiod 60,BB3 90,387 cash and cash equIv¢rtts ot the be9Ing ol th• reportlng p¢rlod 467.839 Cash and cash equivalents at the end of the reFXXting wkxl 627.109 566,226 Net TrncomÈllexpndllurnl lor th• rewtin9 p¢rlod la$ per $ts¢em¢nt nIn¢la1 a¢ti¥•tsesl 96,645 274,633 Adjustments for. Deprecian Interest and rents frcffl Thiestmenls Lossllprofrtl on Sale of fixed as58ts. Revaluation of tangthle assets Revaluation of inveslrnents Ilncreaselldetr8as8 in stk l1ncreaseydecaSe in debtors Increasellde¢reas•) in ueditors 39,230 119,9881 14.526 111.7501 8.799 13.2131 146.2321 18.1281 39.185 117.7651 9.382 118.1661 150.803 31.997 20,798 Net ¢ash inll¢>w from operatln9 a¢tfvlty 69.889 289,261 Total ¢4sh and ¢ash •guivalTnts 827.109 566.226 P3Ee 15
HILL HOLT WOOD {LIPAITED 8Y GUARANTEE) Reglstered Company NMber Q442675fj Reglstered Charity Number 1119915 Notes lonnlng part of th• financial Slat•m•nts . for the year ended 31 May 2023 A¢Unt4 polici•s (al Ba$ls of preparation The flnancrdl statements ofthe charitabk wnpany. 1$ a Wb1 benefft entsty under FRS 102. have been pr8pared in aCcOrdae ¢ the ChariDe$ SORP IFRS 1021'Accounb'ng and Rerx)rtiThJ by Chanbes.. Statement of Recommended Pratt applicaNe to chaiibes preparir¥J Iheir accour+ts in acXjrdan th the Financial Reporting Stsndard applicab In the UK and RepublK of IrelarKI IFRS 1021 lefleclive 1 January 20151., FUr¢ial Reporting Stsndard 102 The Financial Rew)rring Stsndar¢J awlEab in the UK and RepU1C of Irdand, and the Compan$ Act 2006. The firtrawal slatements have prepared under the $tOal cost wventk)n with Ihe eXptron of Investments art indu¢Jgd at market val. The financsal slaiemenls consdidale the Su of the ttwrty and ts 5ub5Klk4ry vnd8rtaking5, Hill Holt in the Cornmuntsty Limite(l and Hill H(4¢ GaInSbugh Lirnrted on a lir by line bs. A separate Ststem2nt ol Finat)¢ial Activitres and income and expenditure account for the ¢arty has nol been pSenied because the chty has taken advantage ol the exempknn afforded by section 408 ofthe CoMpS Ad 2006. Ibl Company ststU8 tharity is'a company tsmited by wrw)tee and le9tste in EngLand aTrJ WaK8s. The members of the eornpany are the twstees named on page 1. In the event of Ihe charity beThJ wound up, the liablty in respect of the guarantee is limrted to £1 per merrthr ofthe cw. Icl Fund a¢¢ounWn9 General fvrÈd$ are UntesiriQd lunds which are aVailae use al the dIXtiOn of the trustees in furtheran the general 4)bJedives ofthe drity and wtiith have nol been d¢signated for other purFKJses. Resln"ded funds we funds whKh ar8 to be used in aCrd wth specrfr $triCtionS imposed ty don$ or whi(} have been raised by the chanty for particuL¥ purposes. The fA)St ol raising and administering such lunds ar8 charged against the SFecffic fund. The aim and use of each Wtritted fur#J ts set tsut in the nDte5 lo the finarKial statemnts. Idl Incoming resources l iorning resources we ChIed in the SOFA Twhen the folknw"rnJ ¢)ndiOn$ are mèt.. - The chaiity t subsidiwies have enti¥ement io the fLnl$". - Any perfom)ance eonditions attached to the item of irr(ffie have been met or we fulty the ¢(tr of the charity or its subsidiaries.. - Ther8 15 sulficvdnt Certainty lh the receipt Of is oMi¢Jered kyobabk: and - the amount tan measurgd r¢lk?iAy. Page 16
HILL HOLT WOOD IUMITED BY GVARAMTEE) Regi$t¢red Company Number 04426756 Register•d Charity Number 1119915 Notes lorn)in9 part of the financlal $t¢ments for th• yar •nd¢d 31 May 2023 Idl Incomlng re%>urces contTrnued For g8CleS, entrfement is the earher of Ihe h'ng notifd clan impending distrilxrtJn u th918gacy bemg ¢eNed. Voluntary Income Is received by ay of 9ianls. donatKlS gffls and is indudeil in full in the Slatement of Financial Ad4vibes where receNable. Grnnts. Whe ontstlerngnts in not COnal on tt)e delivery of a specth¢ pèrfomiance by Ihe Charity. e reuJg1is8d T•then the Charity becomes unconditionalty ents'tkd lo the grdnl. Invostm•nt irfomè is induded wthen reCeivae. Incoming resfwrces from Charilable trading actmty we aCtnt• an invoce basis when tho wyk is Compte and th8 charity ha5 Ihe rNJhl to Ihe iorne. (el R•sour¢es exp•nIO l expenditwe 1$ rec¢gni5ed wln il is Kxobabk Ihat sell1eryt 15 WUiTed. Expendilwe ha5 been da5stheil under heaéings that aggregate al costs kIe<l lo th8 calegjry. here costs cannot te direcuy ailribu to wticular hpadiny5 they have been alttated to on a ' b85iS c£$Sten1 with of thg rowur. ' EXpen¢StU apth.ng to one athity orcosl ¢xtem has been tjireclty alkncaw. Olher overhe&Js have been appthord M the basis ofoverall I¥e spent and rEsource$ Sed. charilae. Company Setary $8i8ry oirice and 9eneral admini$tralM t))sts Depre¢l?1n Insurance, lighl and heaL telephc*. post aThJ stab(fftry. therbgn9. nN)tor 10% 100% 11Y)% 10% Gtsvemartt eost5 comprtse al costs Ihe cOUn1th1ty of Ihe tharity JKI it5 complia8 with regulation and good pracaice. Tan9ibl# flx•d ass¢i$ and d8pr•clatlon Depr8Ci8tM is provided on all tAngible fixed assels at Ihe folking nUal rates in order to write eath asset over its expeded useful economic lrfe as lolh)ws".- Short Leasehc4dl improwrnts to wopety. 10% C1 Plant and machinery- 15% on reduc4ng bai8rK& Motor vehides- 25% re(lu¢in9 bai2nr Computer EqUipn1_ 33% on cijsl Page 17
HILL HOLT WOOD lUAlED BY GUARANTEE) Registered Company Nurnber IM426756 Registered Charity Number 1119915 Notss forming part of th• Ilnaty¢ial $tatern•nts "" for the year end 31 May 2023 191 Stock Stctks ar8 valued at the kn¥er of cost and nel realisatrte value. after makiNJ dve alh)wancesfor (tsdete and Sbw mown9 Sto(. FreelKYd properfjes purtha5ed for redevelopment are induded in stctk until the work i% JrnpleIe when they are Iransleffed to Fixed Assets. Ihl Taxation The ¢harity is exempt from tax tharfabfè aClivihÈS. P•n$lon ¢o$ts and other post-rellrement ben•fils The ¢haritaWe CA)nwany orwales a defjned CLNrtrit pensN)n stheme. c0ntributxm payable to the charitable company's pons1 scheme are charged to Ihe Staternent of Financaal Activrt$ in the period to which they r8L3te. Ikl Irr8coverabl• VAT As eharity is not VAT registered. and B not elgitAe for wistrabon. any VAT chaiged on soUrCeS expended is irre¢ovefabk. The Irre0)verab VAT has been alkxated to the cost to which rt reL3t8S. Hlr• pur¢haM and IS1n9 conwnllments Ren$ pai¢J urnler cwating kn8$ are charged to the 51atement offmancial acliwty on a straight line basis overthe period of the lease. Im) Inv•stment Properties Each property is valued itsyividualty, ratherthan as part ol a Inveslm8nt prop8rties are reuJgni$ed al fair value and any surpluses cffj impairments are renISed in the SOFA as net9ainslllossesl (•) investments. Investment propert$ are staled at market value in actrydan¢e wrth gerra1 a¢wted a¢¢ounts"ng slandards. The inveslment propert$ were valued by Drewery & Wlheekh)n on an open market basis as at 17 November 2021. (nl Cash at b8nk and in hand Cash at bank and cash in hand indu(les cash and shcrft term hyhty ImY invesb7Wts with a $hLyI maluiity Of three or less from the dale of acquisdion or (wening of the derrit ar¥J 5irniL8f accounL lol Inv•stmtnts Investments a inib.aty rerA)gnised at Ih•r transadim vakje and svbseqventy MeaSud at Iheir lair value at Ihe balance sheet date. Any gam OT losses on revaluatK)n and d1sFS are induded Ihe statemenl offinanaal *vities. Page 18
HILL HOLT YIOOD {LIMITEO BY GUARANTEE) Registered Company Number 044267 Registered Charity Number 111991S Notes formlng part of tho finala1 slat•monts lor thg ygar¢nd¢d 31 May 2023 (Xher tradlng actlvilies 2023 ServKes prowded Wood sale$ Eco bjrial incorne consuanCY income Sundry 335.418 18,169 40,983 4,1 19,058 261,836 36,120 38,705 175 3,158 417.728 339.994 Tho services pro¥yJod above indude: SeNices thrtyJgh Hill Hott in the C<>mmunty Limited lTh)te 19} excluding tr&Jing ¥•ith other gf(wJp compari 335.418 261.836 Charllabl• Athttl•s ActlvSty: Conser¥atlon and tranln9 2023 2022 ESFA TrainiThJ Prtsyrdmmè Grant5 Hill Hoh Heath Ahemati¥e PrO5)n Rents rec8tV8d HwJh rte$ fvnth'ng 327,049 194.9)5 76,187 68.932 15,600 kn.472 457.594 225,581 77.281 77,459 14,850 196.564 889.145 1.049.329 Granls receiveil, IeLl in the th. a as 2023 2022 Big Lotlery Our EnrMent Our Fu1u. Kickstart Schem8 Shir SustaIntaty Fund Coppice crathng Build yo¥r S.115 Royal Forestry Grant Ctsmmunty assooaiiefi deyekyt Netwoth wlh Nature Greenwood workirwJ Gfoun¢thvork UK Nalural En4and Seasonal cydes Other Grants 41,378 34,837 6,511 24240 5.288 16,809 4,250 2.173 110,2tKI 34.519 6,518 110,200 5,613 1.510 3.683 2.667 194.9)5 225.581 Pa8e 19
HILL HOLT WOOD (LI11ED BY GUARANTEEI ' Registered Company Number 04426756 Regi5ter•d Charity Number 1119915 Notes ftrn)Ing part of the Ilnand•l stat•m•nts forthe year ended 31 May 20TJ Total r•sources •xpend•d Staff Costs Oth•r Costs Total 2023 Total 2022 Raisin funds 151,740 31,661 183,401 180,992 Charitable a(thilie Direct cost$ Supw)rt and govefnance $ts 125.867 5S2.834 192.454 160.616 318.321 713.450 268.854 686.217 678.701 353.070 1.031,771 955,071 Anaty5is of sUPPOrt and governan costs Gonoral supp¢xt Governan Total 2023 SaLqries, wages 2nd other lated costs General office Repair5 & renewals ACutancY services Tax Legal and professional fees Depwialion and lossllprofill on Insurance. IKJht & heal. post & siatic¥)ery Adverti%ThJ Motor and trav expenses Bank charges and inleresl 552.B34 46.774 16.319 552.834 46.774 16,319 18.519 18.519 5.346 53.757 7,272 264 4.604 7,D71 53,757 7,272 7,071 694,241 19,209 713,450 During the Feriod grants re pawj to WKINKluats tolalin9 £2S.98212022: e23.4531. Other albcated e05ts incW8 2023 2022 ALtdiWs remuneralton (includ9 expenses arKJ beneffts in nd) Audit fee Accountancy. taxatM?n and otherservtes De[lation IPrgfft1 l Loss on Sa of larylbb fixeLI assets 5,550 12.969 39.230 14,526 5,361 11.932 39,185 8,156 Trustee ' remunera The trustees rrither received any emoluments ¢Juw Ihe year12022.. £rf1. Trustees. •xpen Thefe wgre no tru$tggS' gxperv4es pa*J year eThJed 31 May 2023 nor for the year ended 31 May 2022. Page 20
HILL HOLT WOOD lumED BY GUARANTEEI R•gistered Company Number lJ4426756.. Rtgistered Charity Nwnbtr 1119915 Not•s formlng part of tho fThnGial statsments th• year ended 31 May 2023 Staff c0515 2023 2022 Wages and saL4ries Soual secuiity Costs Ponsion costs TT4.464 43.767 12.210 830.441 749.861 36.624 14,223 800.708 No empk*yees were paK1 more than £60,000 for Ihe year eThJed 31 W 2023. The average nurnberof empwes. ¢ahwlated a hjll lime equNalent 0.$. anaysed by function was= 2023 2022 Charitable a¢tNibes- Staff and supeTri8K Cost of 9enerab.ng funds Man•jennt and adminthtscffi of the cha1Y 37 40 43 Pension Costs The charity operates a rKJn-contributw pens scheme. 11 os a defined conlritwtion Scheme and contriLNJlK)ns are charged ITh the staterDent of financwl aciNibe5 as iw U6. The thargo for the yeaf was £12.21012022.. £14,223). .Pate 21
HILL HOLT WOOD IUIIITEO BY GUARAMTEEI Rtolstefed Company Nurnber 04426756 R9iStered Charity Number 1119915 Notes tonning part of th• Ilnan¢lal stat•fflgnts . fortho year ended 31 May 2023 Tangsbl• ffixod a5sets- Group IYnt & Mathin•ry Computer Equipment Freehold land and buildings knprovemtnts lotor vehicles property Total Cojt At 1 2022 Additions Disposals 1.068,865 42.310 237,678 29,103 122,551) 132.493 1,481,346 29.103 189.5591 124.6981 {42.3101 At 31 May 2023 1.OM.167 244.230 132.493 1.420,890 D•pr•¢iation At 1 June 2022 Charge fty year On di¥x)sal$ 25,907 31.950 137.412 22.184 117,1761 64.313 17.046 259,582 39,230 175,0331 I25.7) 131.9501 At 31 2023 142.420 81.359 223.779 Net book value a¢ 31 May 2023 1.044.167 101.810 51,134 1,197,111 Al 31 May 2022 1.042.958 10.360 100.266 66.1 1,221,764 Incbjded in the cost or vahJaith of land aTrJ tlj1n9s is Ireehold land of £258.120. Freehold krsd buikjings a W at cost in lin• th th8 pc4iue5 of the tharitab grwp. The land elerrnl was valued in Ihe year sh¢)Y+wvJ an irpas0 in vahje of £397.W) to £655.120. No adjkknenl was.made for the revalvats.c in the accounts. Page 22
HILL HOLT WOOD IUMffEO"BY GUARANTEEI ' .R•gi$t8red Company Number 04426756 . Register•d.Charity Number 1119915 Notes fonnlng part of the financial slatomonts for the year ended 31 May 2023 Tanglble fixed ass•ts- Charoty Plant & to Computer •quipment Motor vehleles and buiWings Total Cost At 1 June 2022 Addit$ DisposaL8 1.rTh,866 42,310 178.SSS Z2.889 122.551) 123.845 1,413.$76 22.889 189.5591 124.6981 {42.310) At 31 May 2023 1.044.168 178.893 123.845 1,346,906 Deprecial#Jn At 1 June 2022 Charge foryear On diswsals 25.9)8 31.950 109.464 17,352 {17,1761 58,122 16,431 225,444 33,783 175.0341 125,9)81 131.9501 AI 31 IAay 2023 109.640 74,553 184,193 Net tx)ok value 8t 31 May 2023 1.044,168 69.253 49,292 1,162,713 At 31 May 2022 1.042.958 10.360 69.091 65,723 1,188,132 Inehjded in the cost orvalualion of laTrJ and buibJw¥Js i8 freel laTrJ of £258,120. Freelw)Id land l•ra$ are ld al st in rnnting ofthg ¢arible grwp. The larJ elemeni was valued in the year $ing an iTrwse of£397.(k)O to £655.120. No adjustm•)t was made for rgvaluation in the accounts. 10 Flxed asset Snvestments Investments hekl by the chanty repts £1 in¥estrYth in exh oftr two subsidiary companies at cost Isee rnie 201. Li$t¢d inv•stm•nts 2023 2022 As at 1 June 2022 Additions Disposals Revaluabon 95,916 10,004 117,8551 {8.7991 13,084) As at 31 May 2023 79,266 95,916 Historic41 cost at 31 March 2023 95.454 98.639 Page 23
HLL HOLT WOOD (LIMfTED BY GIIARANTEE} Regostered Company Nurnb•r IM426756 Rgisiered Charity Number 1119915 Ngt•$ fornilng part"ofth• finandal staI•m. .. for the year end 31 May 2023 11 Investment propertles Group 2023 Ch•rity 2023 At 1 June 2022 Additions Disposals Revaluats"on$ 221.250 48.7 11.2x1 3,750 At 31 May 2023 232,500 52,500 Net book value .at 31 May 2023 232.5 52,500 At 31 May 2022 221.250 48,750 Cost of Vation at 31 May 2023 is represenled by: Group 2023 Charity 2023 Valuation in 2013 Valuaiion its 2014 Valuation in 2015 valuati in 2018 Valuation in 2022 Valualirm in 2023 Cost 134.9861 151.1621 12,0961 17.5001 21.250 11.250 295.744 134,986} 13,269} {2,500} 3,750 3.750 85,755 232,S(X) 52,5(X) InvestrTt propgrtyWd5 valued on open market b$ on 18"Awl 2023 by Drewery & Valuws & Auctioneers. 11 invesm8nt proFerties had rbjt teen reVad wwkl have induded at Ihe lolbwThJ histolical cosL Group 2023 Group 2022 Charlty 2023 Charlty 2022 Cost 295.744 295.744 85.755 85.755 12 Sto¢k Group 2023 Group 2022 Charity 2023 Charity 2022 Other Stock Work in Pr(Jress lassets wlslrtynj 47.350 67.847 26.058 92.352 47,350 67.847 92.352 118,410 115,197 118.410 115.197 Page 24
HLL HOLT WOOD (LIMITED BY GUARANTEEI Reqls¢¢Yed Company Nvmb¢r 04426756 Registered Charity Number.1119915 No¢•$ fomiln9 P•rt ol the financlal staleme for the year ended 31 May 2023 13 Debtors Group 2023 Charity 2023 Charity 2022 2022 Trad8 debtors Olher debtors Arnounl ced by subsliary uTraertakiThJ 16.073 6.510 55.317 4,878 54.507 10,840 8.233 73.234 5.155 68.815 714.702 90.307 14 Cr•dttors: amounts falllng due wrfhln one y Group 2023 Group 2022 Charity 2023 Chartty 21122 Bank and ovwdrnfts Trade uediloTS TaxatK)n and social seojrity costs Qth¢r uedi 10.321 14,879 21.463 55.547 7.439 8.093 26.807 65.117 3,179 6.362 12,327 59,625 .370 49.144 102.210 107.456 70.724 81,493 15 Cr•ditors: amounts falling du• after mor• than on• y•ar Group 2023 Group 2022 Charity 2023 Charity 2022 Bart loan8 93.946 105.070 36243 42,172 AmcrtJnt5 lalling due after fve yea Repayable by instalments Bank k)ans 2023 56.624 2022 73.357 2023 18.027 2022 29.456 8ank loans we wreil o¥w the freeh)hJ wopety hekl by the GrrAV. 16 C•pMJl ¢ommrtments wre C019ts at tl* y•ar érmj of£27.963 to wwthase a Sta of Fand . Pa8e 25
HLL H(LTWOOD (LMIITED BYGUARAMTEE) Not•¥ lormin# P•rt of th• lor Ih• y•ar ended 31 May2023 17 siai•mentoffundk At314ry At 31 .20 Ge1 Rtt¥ 1.834.653 1.Ir2.312 (1.019.611} 15.4W) I.2.460 T¢ial vnr8sirtW furés 1.834.653 1.122.312 1.019.611 536 l.W)2.460 R•$kn(t•d hJhd8 Bywood KKkstart Schem nakne European S1 FurKI Shlne Sustsintsbdty Fund Gre¢r6%rod Oundwotk UK Naiural England OPW ¢talb COmffl1ty associatbjn dov¢kJsxYrnt Royal Fty &g Lottery FuDd10 en¥wonrnent (>Ji FLLwel 150.fJKI 150. 6.511 110.ax) 16.511) IIWl.8771 17,2g31 1.312 1301 24.240 5.613 1.51 P.6951 {5.6J31 21.545 5288 15.2881 6.518 34.519 (6.5181 134.5191 51.738 51.738 195,757 194.gJS 165.531 $36 224.595 Tcla Funds 2.030.410 1215.172 2.127.055 A Wo1 by E¢i(thhls. kne$W)i 8 reen rwoverf wryJrn wi1 )r people nniai j wei ny issues. FUll wa¥tskenoverty Brrthhead ChW atsthe InKthmenl carw toaD end. ¥>ich alsoeThYod in 2015. Ihe woiecl lawj wasgltedtothe d£ISJ.Cthlth is du5e. Due the israrried Fwd This a for-tng that SUPFo15>YwJ peclOad pwresgve in Ib2¥ and Ixal enrOnment. We wmtohdp peoF step up aTrJ take that ib21.. a heathy pl•t. a thri¥ir¥J economy. aThd a trwer fLure. Nets¥ork Nure This is a gTanl Natwal Lomeryto MewtK•Jwwytyand restrye trelpe ola green 5p3ceich 15 bwny jrdInnIsh9 9reeri spa¢oSaM alFI Thswas bWAt kn Support th•crkn of¥ f¢ypstry rarw F¢YèStry SAty. n wks tts SupKvI trealoI in thpfrKest+ ijus Kh ha5 been in r8Cm¥sd nue peoFde inlolhe frjresty wole55iOn. Greer1 Wo Thsw&s a diroclyrun Governmont •r1*>trE OfapveN4ShipS afvj UP$j Uniiad nwi. Ilwas I(KU ai ¢reabryJtth tow11 irrto a$ thpy arets bwJyB51 rwtKwWldemograpc0f Page 26
HILL HOLT WOOD IUMITED BY GUARANTEEI R•gl$tered Company Number 044h756 R•9lsiered Chailty Nurnb8! 1119915 Not•$ forming part of the finan¢i•l stalernents forth• y•ar endgd 31 May 2023 17 ststement of fw Crafti This ¢ a grant awarded by SHINE LIOInshife. a part of the NHS Managed Care Neh¥ork. This was an awèrd fc¥ the delvery of a grant to improve the kxal c(rnunitys awareness of Wifjde risk and prevention armj to help improv8 Ihe Ment wellthw atyj cornmunty ofthe parbdpants. This wa$ open lo men and vN)mern aged betsRen 18- 9). Cornmuni o¢lat Dev ment TIS was a grdnt awarded by L1nshIre cJ[ty Council to wpport th& menlal hfratth ofall adutts whKh was severdy imparted by the coronavirus pandemic. The grant was awarded to carry out a construction propct and help thftse suffering Ymth mental heatth reds to reengag8 with the communty and aTh)ther. inabi A the year project to supprxt the menlal heatth of memb6r5 ofour community thrwh Ihere dIffefit o¢0 t11 ptqects designed to Wp the enr(M)ment ako to prowd8 a safe. rCtiVe and suppyting ¢n¥irtMenf in an tyJt¢Joor selliny its herp w pathpants. Grou A tottery subsidised grafit for eal of(x)e'9reen' pb in fwr u)mrnunty to empkny a workèr for a cornmunrty and environmemal forthe pericwj of year wih supported Men1hlp. training and experignr. Tran5fer5 befvfftn funds Trarth betrn are fr dellrestri¢bNs on assets wrthased and Ihe CnetK)n of projects Hill Holt TNood The resums lor Ihe par8nt Chty Hil Hc4t WLK¥J have been induded the ¢¢)nsated SOFA. For the year ended 31 May 2022 th8 total incomiThJ resources for Hin Hoft Wcrfyj We £1,020,81312022.' £1.175.6071 and wtgoirKJ resour of £992.98812022.. £927.S431. Th8 Su5 lor th8 year after net gain51llosses} and re¥aluaty)ns dS £19.974 {2022". £248.730} 18 Anatysls of oroup nèt assets l)elween fvnds G•nernl lunds RtrIct•d fund Tolal lund$ bale9 at 31 May 2023 are eSented by Flxed •ss•ts Tangible assels Investments Investment properts 1.047.111 79.266 233.500 150.IX 1,197,111 79.266 232.500 Net Curr•niAssets Stock Debtor5 Bank & cash 68.361 68.815 602.563 1.049 118.410 68,815 627,109 24,546 Cr8dl(ors (196.1561 {196,1561 Total net assets 1,2.4£ 224.595 2.127.055 Page 27
HU HOLTI¥OOD IIITED BY GUAR4NTEEI Registered Chwity Numbèr 7119915 Notes fowmlmg part olthÈfknan¢lal $M•m•Ms lor th• y•av •nded 31 May 2023 19 Related party t1•n¢0 Dwng ihe year key managem1 £194.135{2022.. £1912011. 20 Subsldlary cornpani•s The thanly wns the i5wIfKdirry shwe r•wlal Holt in IhD C{xMty Ltsl. a e(vnpany rOwd In England. 0618B432. The subsKJry was rwm¥y purrw tra(vJ Al havè beon nsokdaled on a by basis in SOFA. The iaxth k¥rrtt5 gfted to the thity. Thè tharity c4V i5SLd tydvwy sh•r¥¢aMai H(1 Gwstrwh LHited. a camwyregi5tered in Englarnl. nurrt)gr 08241099. The wbsKIry eStab51d as a sppcial kxwpose bWeforfv Empty bkn)es pr0cl A summaryofthe rewhs ofts gJbsKJ49th othw WcrrnparAl 15 bebw Mill frl•ttin Ihe Cornmunbty Llrnlt•d Talal 2023 Tolal Totsl 202) T•tal 2022 TuirwJ¥er C051 of sabjs 15.6Tr) 14,89) 335,41S 130.541 261,837 127.969 GMs6 F¥ofiI IS6 14.880 204,B74 133,868 Othw Irw 2.667 7.641 3.197 72,597 Interest payab ¢harye5 3.143 LossllF4ofrtl M t*sposal of InvestNtnt Faw vglue a¢lu51rr0lwlvès1 prowty {7,5LK)I 117.51X)I Nel Trading wofivlknssl 2010 13).842 63.938 Tax cn k¥o01 1.617 to HL41W4X 54.613 62.428 Retanad Pmffii (Loss) 10.444 24.393 1.510 The atyJregai8 of 4$88& Asseis abfAb"es 184.223 177.032 1201.5591 ).278 In.28B} 182.881 192.1201 FurKts 14.083 24.S27 156.99D 90,761 Represented by C•lkd up shary ¢47it Profil bss nI 24.528 156.9B9 90.780 Page 28