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← Hill Holt Wood

2025-05-31-accounts

HILL HOLT WOOD

(LIMITED BY GUARANTEE)

Registered Charity Number 1119915 Company Number 04426756

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

Page
Legal and administrative information 1-2
Report of the Trustees 3-10
Report of the Auditors 11-13
Consolidated statement of financial activities 14
Consolidated and charity balance sheets 15
Consolidated cash flow statements 16
Notes forming part of the financial statements 17-29

Registered Company Number 04426756 Registered Charity Number 1119915

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Reference and Administrative Information

Registered Charity number 1119915

Registered Company number

04426756 (England and Wales)

Registered office

Hill Holt Wood Norton Disney Lincolnshire LN6 9JP

Trustees

N Wray (Chair) L Goodchild G Georgiou R Parker E Norton - resigned - 12.03.2025 K Baggott M Prior - resigned 07.03.2025 S Stringer R Buchler W J Cussons - appointed 01.07.2025 R Hazenburg - resigned 27.09.2024

Auditors

Wright Vigar Limited Registered Auditors Chartered Accountants & Business Advisers 15 Newland Lincoln Lincolnshire LN1 1XG

Advisers

Senior Management Team

S Donagain Chief Executive R Rousseau Head of Finance O Woodman Head of Operations G Warhurst Head of External Contracts J Hill - resigned 23.10.2024 Head of Education S Bell - appointed 01.11.2024 Head of Education

Bankers

HSBC plc 221 High Street Lincoln LN2 1AZ

Page 1

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Reference and Administrative Information Continued

Advisers

Health and Safety Consultants

Fairview Safety Solutions Ltd Manor Farm Buildings Church Hill Washingborough Lincoln Lincolnshire LN4 1HS

Investment Managers

JM Finn 25 Copthall Ave, London EC2R 7AH

CCLA Investment Management One Angel Lane London EC4R 3AB

Insurance Provider

QBE UK 30 Fenchurch Street London EC3M 3BD

Page 2

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Report of the trustees for the year ended 31 May 2025

The trustees, who are also directors of the charity for the purposes of the Companies Act, submit their annual report and the audited financial statements for the year ended 31 May 2025.

The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Objectives and activities

  1. promote sustainable development for the benefit of the public by: (a) the preservation, conservation and protection of the environment and the prudent use of resources; (b) the relief of poverty and the improvement of the conditions of life in socially and disadvantaged communities; (c) the promotion of sustainable means of achieving economic growth and regeneration to advance the education of the public in subjects relating to sustainable development and the protection, enhancement and rehabilitation of the environment. Sustainable development means ''development which meets the needs of the present without compromising the ability of future generations to meet their own needs'';

  2. the preservation and protection of good health of the parents and carers of children and young people with special needs, by the provision of information, advice and support services and the development of mutual support networks between parents and carers;

  3. the provision of recreational facilities and activities for the public at large or those who by reason on their youth, age, infirmity or disablement, financial hardship or social and economic circumstances, have need of such facilities or activities for the purposes of better integration into the community and crime reduction; and

  4. such other charitable means as may from time to time be determined by the directors.

The Charity is grateful for the efforts of its volunteers at Big Wood who are involved in the conservation, build environment and peer review work of the project.

Public Benefit

Public benefit is central to the work of all charities. In deciding what activities the charity will undertake during the year the Trustees take note of the Charity Commission guidance on Public Benefit. In particular the Trustees consider how planned activities will contribute to the aims and objectives they have set. As the wood is open free of charge to the public the benefit derived is considerable.

Page 3

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Report of the trustees for the year ended 31 May 2025

ACHIEVEMENT AND PERFORMANCE

Strategic Objectives

  1. To run a sustainable woodland

  2. To engage wiuth the local community

  3. To run an economically viable social enterprise

Review of Activities and Achievements

Hill Holt Wood provides a range of study programmes for learners; during the time of reporting, there were 60 learners, around 60% of whom have an education, health and care plan. Learners engage with vocational courses from entry level to level 2 in animal care, horticulture and woodcraft. Learners also engage with functional skills qualifications.

Throughout the reporting period, the charity has recruited an appropriate number of learners for the study programmes provided; this has secured funding for the continuation of these study programmes. Trustees have considered issues affecting the attendance of learners on the study programmes and leaders have reported on the actions taken to address this and impact of these actions. The evidence shared with trustees indicates that leaders respond to learners’ needs to ensure all learners are able to be successful on their chosen pathway. This was affirmed by the Ofsted inspection that took place in December 2024, as a result of which, Hill Holt Wood retained its Good grading. Further details from this inspection report can be found on the ofsted website. Trustees express their huge gratitude to the staff team for the work involved in this inspection process.

During this period, there have been changes to staffing. Trustees have been informed of these changes and, where relevant and appropriate, have provided support. The evidence shared with trustees indicates that leaders put staff wellbeing and the needs of learners at the heart of managing these changes.

This year has included the successful completion of the first two years of the Spaces of Reflection and first year of the Balancing Nature programmes – both have met or exceeded required targets. The organisation has also completed Operation Swift – a joint programme with Nottinghamshire Police targeting young people at risk of anti-social behaviour or committing wildlife crime. No participants in this programme have reoffended, and the project may provide a template for work in other regions across the country.

Work on the Artist’s Studio is ongoing and on target. This project is due for completion later in 2025.

Throughout the reporting period, trustees have received regular updates on safeguarding, the study programmes, other charitable and training activities, finances and health and safety. Minutes of trustee meetings evidence appropriate support and challenge, with a focus on ensuring actions lead to measurable impact.

During this year, trustees reviewed the following policies according to the timetable of policy review:

E-Safety Policy Family Friendly Policy Internal Finanical Controls Policy Low Level Concern Policy Remuneration Policy Whistleblowing Policy Health & Safety Policy

Page 4

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Report of the trustees for the year ended 31 May 2025

Page 5

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Report of the trustees for the year ended 31 May 2025

FINANCIAL REVIEW

Going Concern Statement

Hill Holt Wood's management team affirms that, following a thorough and rigorous assessment of our financial position, operational capabilities, and strategic plans, we hold a strong belief that Hill Holt Wood will continue to operate as a going concern well into the foreseeable future. Our assessment encompasses a comprehensive analysis of various critical factors, including our current financial performance, access to essential capital resources, a continuing need for the various charitable activities, and the sustained viability of our operations.

We have consistently adhered to prudent financial management practices, encompassing meticulous cost control measures, efficient cash flow management, and strategic investments that fortify our long-term sustainability. We are proactively addressing potential challenges that underscores our conviction in our ability to navigate uncertainties successfully including the recent economic challenges posed to businesses worldwide.

While we acknowledge that business landscapes can be inherently unpredictable, and various risks may emerge, our proactive stance, diversity of operations and capacity for adaptability position us well to confront and mitigate these challenges adeptly. We remain steadfast in our dedication to serving our valued service users, community, and key stakeholders with unwavering integrity and resilience, thereby ensuring that Hill Holt Wood maintains its vibrant and enduring presence in the local community.

Financial Reporting

During the reporting period, trustees have received regular finance reports from leaders. They have scrutinized budgets and considered issues relating to the financial health of the charity. Issues considered during this reporting period include the impact of the general rise in cost of living on the charity finances. This includes the rise in the cost of materials, fuel, insurance, etc., as well as the impact of other organisations’ cost-cutting measures on work contracts. Trustees have had extensive discussions about the implications of the rise in minimum wage on salaries, with an ongoing commitment to aim to provide a living wage for all employees.

Investment Policy and Performance

Currently, we hold investments in the stock market with a stock brokerage firm that specialises in ethical, environmental and charitable investments with the firm, JM Finn. The investments are held to slowly grow income for the charity but via investing in ethical, environmental, low risk and social supporting activities that align closely with the charity’s mission statement and ethos. During the year, the expected growth in share value was expected to grow by 6.08%. The share value ultimately decreased by 25.41% due to the economic challenges and external factors affecting global markets.

Due to the lower than expected performance, trustees decided to move from a more specialized portfolio of investments to a more generic portfolio, dissolving 33% of the shareholding with JM Finn. Trustees continued to evaluate the performance of the investment management firm and, as a result, decided to move funds to a different firm in March 2025. A range of options were provided to trustees. These were discussed in line with the charity’s investment policy and trustees decided to move a portion of Hill Holt Wood investments to CCLA Investment Management. They continue to review the performance of investments to ensure the ongoing financial health of the charity so that it can fulfil its charitable objects.

Page 6

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Report of the trustees for the year ended 31 May 2025

FINANCIAL REVIEW

Reserves Policy

Unrestricted funds are needed:

The trustees consider it prudent that the unrestricted reserves should be sufficient:

The level of reserves is regularly monitored and reviewed by the trustees at board meetings. Six months of wages has been set as the target reserve level.

The six-monthly reserve levels are set based upon the present staffing obligations and planned national wage increases commencing from each following April as of December of each year. The planned reserve levels do factor employer contributions due on top of the standard pay for all employees.

For the year ended 31st May 2025, these levels were set to: Six months – £379,246 Three months - £189,623

At the year end the charity had total reserves of £2,927,871 (2024: £2,835,100), of which £2,386,467 (2024: £2,269,460) were unrestricted and £541,404 (2024: £565,640) were restricted. Of the unrestricted reserves £2,120,124 (2024: £2,134,307) relate to the fixed assets used by the charity to carry out its objectives and therefore the free reserves available for spend are £266,343 (2024: £135,153). Some restricted reserves are specifically allocated to staff wages for the duration of the grant. In the event of drawing down against the combined allocated reserves, employees who are remunerated by ring-fenced salary grants will continue to be compensated via this method whilst the free reserves will be utilised against operational employees.

Risk Management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The risk register is continually updated to reflect the many changes made in the recent government cuts. Risks include change to funding arrangements, fire in the wood and livestock diseases such as foot and mouth or bird flu as well as safeguarding, serious theft and damage to buildings. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces.

Internal control risks are managed by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with the health and safety of staff, volunteers, clients and visitors to the woodland. Fairview safety solutions have been contracted as external health and safety advisors.

A traffic light system has also been implemented on financial information to show trustees of any potential risks at an early stage.

Page 7

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Report of the trustees for the year ended 31 May 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is a charitable company limited by guarantee. A memorandum and articles of association govern it. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and appointment of Directors

The directors of the company are also charity trustees for the purposes of charity law and under the company’s Articles are known as Directors. Under the requirements of the Memorandum and Articles of Association, the trustees are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting.

Much of the charity’s work inevitably focuses upon young people and vulnerable adults and trustees seek to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. To enhance the potential pool of trustees, the charity has, through networking and partnerships with local agencies and educational bodies sought to identify appropriate trustees to use their own experience to assist the charity.

The more traditional business, environmental and marketing skills are represented on the Board. The Board uses audits recommended by the Charity Commission to ensure the breadth of skills that are needed are present, and succession planning is partially skills based.

Trustee Recruitment, Induction and Training

Hill Holt Wood has a Board of nine volunteer trustees who meet quarterly and are responsible for the strategic direction and policy of the charity. An Executive committee can be called at Board meetings to discuss finance and strategic matters. During this reporting year, three trustees resigned their position and no new trustees were elected.

The trustees’ handbook has been updated and reflects recent educational and legislative changes. Most trustees are familiar with the practical work of the charity, visiting the woodland in their leisure time and all are encouraged to spend a ‘buddy’ day with rangers and learners. New trustees must attend a one-day induction visit to familiarize themselves with the charity and the context within which it operates. They are also able to access a series of one-day workshops throughout the year. These are held at Hill Holt Wood and other group locations, with the opportunity to meet staff and learners. Safeguarding training forms part of this induction requiring training to be completed in Safeguarding children, Prevent agenda and Equality, Diversity and Inclusion. All new trustees are directed to the charity’s Memorandum and Articles, which contain the Charitable Objects to assist their understanding of the charity’s aims and objectives. They are also provided with Charity Commission support and guidance for trustees, including The Essential Trustee, and the most recent financial statements. All trustees also engage with ongoing training and support as required; records are kept of any training completed.

Page 8

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Report of the trustees for the year ended 31 May 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Composition on Board of Trustees

Name Position Date Appointed Date Resigned
Katherine Baggott Trustee/Director April 2024 N/A
Rachel Buchler Trustee/Director April 2024 N/A
Steve Donagain Chief Executive Officer March 2007 N/A
Gillian Georgiou Trustee/Director (Co Chair
from September 2024)		 August 2018 N/A
LucyGoodchild Trustee/Director March 2022 N/A
Richard Hazenburg Trustee/Director (Chair
until September 2024)		 September 2018 September 2024
Elizabeth Norton Trustee/Director March 2022 March 2025
Richard Parker Trustee/Director December 2021 N/A
Melvyn Prior Trustee/Director April 2024 March 2025
Sharon Stringer Trustee/Director April 2024 N/A
Nicholas Wray Trustee/Director (Co Chair
from September 2024)		 August 2018 N/A

– Operational Management Key Personnel

A scheme of delegation is in place and day-to-day responsibility for the provision of the services rest with the Chief Executive Officer (CEO) along with the Senior Management Team. The CEO is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. The Senior Management team comprises of a Head of External Contracts, Head of Finance, Head of Education and Head of Operations who assist him.

The Senior Management Team comprises of:

Steve Donagain - CEO

Oliver Woodman - Head of Operations Ryan Rousseau - Head of Finance Gavin Warhurst - Head of External Contracts Shani Bell - Head of Education

Key Management remuneration

The Trustees consider the role and responsibilities of key management personnel and review the remuneration package in line with similar entities. Annual appraisals and pay reviews on key management personnel are undertaken based on the individual's performance of their duties and fulfilment of the objectives of the charity in the period.

Page 9

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Report of the trustees for the year ended 31 May 2025

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees (who are also directors of Hill Holt Wood for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the charitable company for the year. In preparing these financial statements, the trustees are required to:

• State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and

• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

• The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

AUDITORS

A resolution proposing the retention of auditors Wrights Vigar will be put to the Annual General Meeting.

ON BEHALF OF THE BOARD :

Nick Wray

Nick Wray (Dec 18, 2025 10:02:31 GMT)

N Wray (Chair)

Date: 18 December 2025

Page 10

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Report of the Independent Auditors to the Members of Hill Holt Wood

Opinion

We have audited the financial statements of Hill Holt Wood Limited (the ‘parent charitable company’) and its subsidiaries (the ‘group’) for the year ended 31 May 2024 which comprise the Group Statement of Financial Activities, the group and the Parent Charitable Company Balance Sheet, the Group Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the group’s and parent charitable company’s affairs as at 31 May 2024, and of the group’s incoming resources and application of resources, including its income and expenditure, for the year then ended;

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group’s or parent charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the Trustees’ Annual Report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 11

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Report of the Independent Auditors to the Members of Hill Holt Wood

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 8, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group’s and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Page 12

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Report of the Independent Auditors to the Members of Hill Holt Wood

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our work is performed to include an assessment of the susceptibility of the entity's financial statements to material misstatement, including the risk of fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

In identifying and assessing risk of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:

We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charitable company’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company’s members and its Trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s Trustees as a body, for our audit work, for this report, or for the opinions we have formed.

James Sewell

James Sewell (Dec 18, 2025 10:12:25 GMT)

James Sewell BA (Hons) FCA CTA (Senior Statutory Auditor) for and on behalf of Wright Vigar Limited Statutory Auditors, Chartered Accountants and Business Advisors 15 Newland Lincoln LN1 1XG

Date: 18 December 2025

Page 13

HILL HOLT WOOD

(LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Consolidated Statement of Financial Activities (including summary income and expenditure account) for the year ended 31 May 2025

Notes
Income and endowments from:
Donations and legacies
Other trading activities
2
Income from investments
Charitable activities:
Conservation and training
3
Other Income
Total incoming resources
Expenditure on:
Raising funds
4
Charitable activities:
Conservation and Training
4
Total resources expended
Gains on investment property
Gains on revaluation of freehold property
Loss on investments
Net income/(expenditure)
Gross transfers between funds
Net income/(expenditure)
Reconciliation of funds
Fund balances brought forward at 1 June 2024
As previously reported
Prior year adjustment
8
Fund balances carried forward at 31 May 2025		 Unrestricted
Funds
£
3,693
292,816
11,812
966,251
10,396
1,284,968
195,772
968,597
1,164,369
7,500
-
(11,092)
117,007
-
117,007
2,506,258
(236,798)
2,269,460
2,386,467		 Restricted
Funds
£
-
-
-
113,261
-
113,261
-
137,497
137,497
-
-
-
(24,236)
-
(24,236)
565,640
-
565,640
541,404		 Total
2025
£
3,693
292,816
11,812
1,079,512
10,396
1,398,229
195,772
1,106,094
1,301,866
7,500
-
(11,092)
92,771
-
92,771
3,071,898
(236,798)
2,835,100
2,927,871		 Total
2024
as restated
£
365
375,848
12,502
854,038
766
1,243,519
193,632
961,988
1,155,620
15,000
617,535
(12,389)
708,045
-
708,045
2,127,055
2,127,055
2,835,100

All of the above results are derived from continuing activities. All gains and losses recognised in the year are included above.

Page 14

HILL HOLT WOOD GROUP (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Consolidated and Charity Balance Sheets as at 31 May 2025

Group
2025
Notes
£
Fixed assets
Tangible assets
9
1,940,124
Investments
10
39,246
Investment property
11
180,000
2,159,370
Current assets
Stocks
12
238,145
Debtors
13
108,247
Cash at bank and in hand
580,086
926,478
Creditors : amounts falling due
within one year
14
130,900
Net current assets
795,578
Total assets less current liabilities
2,954,948
Creditors : amounts falling due
after more than one year
15
27,077
Net assets
2,927,871
Funds:
Unrestricted funds
2,068,932
Revaluation reserve
317,535
Restricted funds
541,404
Total funds
16 & 17
2,927,871		 Group
2024
£
as restated
1,961,807
66,877
172,500
2,201,184
172,004
22,335
548,514
742,853
77,416
665,437
2,866,621
31,521
2,835,100
1,951,925
317,535
565,640
2,835,100		 Charity
2025
£
1,861,148
39,248
60,000
1,960,396
238,145
248,948
543,549
1,030,642
106,016
924,626
2,885,022
27,077
2,857,945
1,999,006
317,535
541,404
2,857,945		 Charity
2024
£
as restated
1,882,285
66,879
57,500
2,006,664
172,004
94,155
507,652
773,811
55,371
718,440
2,725,104
31,521
2,693,583
1,810,408
317,535
565,640
2,693,583

The trustees have prepared group accounts in accordance with section 398 of the Companies Act 2006 and section 138 of the Charities Act 2011. These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

The financial statements on pages 14 - 29 were approved by the trustees on 18 December 2025 and signed on behalf by:

Nick Wray

Nick Wray (Dec 18, 2025 10:02:31 GMT)

N Wray (Trustee)

Page 15

HILL HOLT WOOD GROUP (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Consolidated Cash Flow Statement for the year ended 31 May 2025

2025 2025 2024 2024
£ £ £ £
as restated
Cash flows from operating activities: 34,242 67,986
Net cash provided by (used in) operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments 23,513 24,202
Proceeds from the sale of property, plant and equipment - 102,363
Proceeds from sale of investments 21,658 -
Purchase of investments (7,280) (5,620)
Purchase of property, plant and equipment (36,117) (199,334)
Net cash provided by (used in) investing activities 1,774 (78,389)
Repayment of borrowings (4,444) (68,192)
Cash used in financing activities (4,444) (68,192)
Change in cash and cash equivalents in the reporting period 31,572 - 78,595
Cash and cash equivalents at the beginning of the reporting period 548,514 627,109
Cash and cash equivalents at the end of the reporting period 580,086 548,514
Net income/(expenditure) for the reporting period
(as per statement of financial activities) 92,771 708,045
Adjustments for:
Depreciation 55,545 42,850
Interest and rents from investments (23,513) (24,202)
Loss/(profit) on sale of fixed assets (304) (18,040)
Revaluation of tangible assets (7,500) (632,535)
Revaluation of investments 14,771 18,009
(Increase)/decrease in stock (66,141) (53,594)
(Increase)/decrease in debtors (84,871) 46,480
Increase/(decrease) in creditors 53,484 (19,027)
Net cash inflow from operating activity 34,242 67,986
Total cash and cash equivalents 580,086 548,514

Page 16

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Notes forming part of the financial statements for the year ended 31 May 2025

1 Accounting policies

(a) Basis of preparation

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value.

The financial statements consolidate the results of the charity and its subsidiary undertakings, Hill Holt in the Community Limited and Hill Holt Gainsborough Limited on a line by line basis. A separate Statement of Financial Activities and income and expenditure account for the charity has not been presented because the charity has taken advantage of the exemption afforded by section 408 of the Companies Act 2006.

(b) Company status

The charity is a company limited by guarantee and registered in England and Wales. The members of the company are the trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

(c) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

(d) Incoming resources

All incoming resources are included in the SOFA when the following conditions are met:

Page 17

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Notes forming part of the financial statements for the year ended 31 May 2025

(d) Incoming resources continued

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received.

Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities where receivable. Grants, where entitlements in not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Investment income is included when receivable.

Incoming resources from charitable trading activity are accounted for on an invoice basis when the work is complete and the charity has the right to the income.

(e) Resources expended

All expenditure is recognised when it is probable that settlement is required. Expenditure has been classified under headings that aggregate all costs related to the category.

Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.

Expenditure applying to one activity or cost category has been directly allocated. Other overheads have been apportioned on the basis of overall time spent and resources utilised:

Charitable Governance
Company Secretary salary 90% 10%
Office and general administration costs 100% 0%
Depreciation 100% 0%
Insurance, light and heat, telephone, post and stationery, advertising, motor 90% 10%

Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice.

(f) Tangible fixed assets and depreciation

Depreciation is provided on all tangible fixed assets at the following annual rates in order to write each asset over its expected useful economic life as follows:-

Short Leasehold/ improvements to property - 10% on cost Plant and machinery - 15% on reducing balance Motor Vehicles - 25% on reducing balance Computer Equipment - 33% on cost

Page 18

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Notes forming part of the financial statements for the year ended 31 May 2025

(g) Stock

Stocks are valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving stock. Freehold properties purchased for redevelopment are included in stock until the work is complete when they are transferred to Fixed Assets.

(h)

Taxation

The charity is exempt from corporation tax on its charitable activities.

(i) Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

(k)

Irrecoverable VAT

As the charity is not VAT registered, and is not eligible for registration, any VAT charged on resources expended is irrecoverable. The irrecoverable VAT has been allocated to the cost to which it relates.

(l)

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the statement of financial activity on a straight line basis over the period of the lease.

(m)

Investment Properties

Each property is valued individually, rather than as part of a portfolio. Investment properties are recognised at fair value and any surpluses or impairments are recognised in the SOFA as net gains/(losses) on investments.

Investment properties are stated at market value in accordance with generally accepted accounting standards. The investment properties were valued by Drewery & Wheeldon on an open market basis as at 30 May 2024.

(n) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three or less from the date of acquisition or opening of the deposit and similar account.

(o) Investments

Investments are initially recognised at their transaction value and subsequently measured at their fair value at the balance sheet date. Any gains or losses arising on revaluation and disposals are included the statement of financial activities.

Page 19

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Notes forming part of the financial statements for the year ended 31 May 2025

Other trading activities
Services provided
Wood sales
Eco burial income
Consultancy income
Sundry
The services provided above include:
Services through Hill Holt in the Community Limited (note 19)
excluding trading with other group companies
Charitable Activities
Activity: Conservation and training
DfE Training Programme
Grants
Hill Holt Heath
Alternative provision
Rents received
High needs funding
Grants received, included in the above, are as follows
Lincolnshire Co-op
Shine Sustainability Fund
Making Nottinghamshire Safe - Rural Crime
Royal Forestry Grant
Heritage Lottery - Wilder Doddington
Birchwood Big Local
Groundwork UK
Michael Cornish Charitable Trust
Cargills CARE Partnership		 2025
£
223,581
22,049
41,410
225
5,551
292,816
223,581
2025
£
494,807
119,261
83,614
70,322
11,700
299,808
1,079,512
2025
£
-
22,702
-
43,009
10,850
36,700
-
5,000
1,000
119,261		 2024
£
as restated
317,875
16,761
27,556
120
13,536
375,848
317,875
2024
£
as restated
374,452
113,720
72,267
35,499
11,700
246,400
854,038
2024
£
as restated
969
31,073
61,908
216
-
-
18,554
-
1,000
113,720

Page 20

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Notes forming part of the financial statements for the year ended 31 May 2025

4 Total resources expended

Total resources expended
Raising funds
Charitable activities
Direct costs
Support and governance costs 5		 Staff
Costs
£
174,486
140,864
626,827
767,691		 Other
Costs
£
21,286
178,775
159,628
338,403		 Total
2025
£
195,772
319,639
786,455
1,106,094		 Total
2024
£
as restated
193,632
280,836
681,152
961,988

5 Analysis of support and governance costs

Salaries, wages and other related costs
General office
Repairs & renewals
Accountancy services
Tax
Legal and professional fees
Depreciation and loss/(profit) on disposals
Insurance, light & heat, post & stationery
Advertising
Motor and travel expenses
Bank charges and interest		 General
support
£
626,827
43,422
8,345
-
-
10,585
55,241
9,274
68
5,281
3,863
762,906		 Governance
costs
£
-
-
-
21,752
1,797
-
-
-
-
-
-
23,549		 Total
2025
£
626,827
43,422
8,345
21,752
1,797
10,585
55,241
9,274
68
5,281
3,863
786,455

During the period grants were paid to individuals totalling £28,537 (2024: £25,982).

Other allocated costs include

Other allocated costs include
2025 2024
£ £
as restated
Auditor's remuneration (including expenses and benefits in kind)
Audit fee 6,250 5,950
Accountancy, taxation and other services 15,502 14,185
Depreciation 55,545 42,850
(Profit) / Loss on sale of tangible fixed assets (304) (18,040)

Trustees' remuneration

The trustees neither received nor waived any emoluments during the year (2024: £nil).

Trustees' expenses

During the year expenses were paid to 1 trustee of £130 (2024: nil).

Page 21

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Notes forming part of the financial statements for the year ended 31 May 2025

6 Staff costs

Staff costs
Wages and salaries
Social security costs
Pension costs		 2025
£
860,998
63,047
18,132
942,177		 2024
£
as restated
742,318
54,743
15,291
812,352

No employees were paid more than £60,000 for the year ended 31 May 2025.

The average number of employees, calculated on a full time equivalent basis, analysed by function was :

Charitable activities - Staff and supervision
Cost of generating funds
Management and administration of the charity		 2025
32
4
1
37		 2024
as restated
32
4
1
37

7 Pension Costs

The charity operates a non-contributory pension scheme. It is a defined contribution scheme and contributions are charged in the statement of financial activities as they accrue. The charge for the year was £18,132 (2024: £15,291).

8 Prior Year Adjustment

Following further clarification from Drewery & Wheeldon valuers it was noted that the value of a piece of land also included some buildings. This has been adjusted by £236,798 to show the fair value of the land.

Page 22

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Notes forming part of the financial statements for the year ended 31 May 2025

9 Tangible fixed assets - Group

Cost
Additions
Disposals
Revaluation
At 31 May 2025
Depreciation
At 1 June 2024
Charge for year
On disposals
At 31 May 2025
Net book value
at 31 May 2025
At 31 May 2024
At 1 June 2024 (as
restated)		 Freehold
land and
buildings
£
1,736,463
-
-
1,736,463
-
-
-
1,736,463
1,736,463		 Improvements
to
property
£
-
-
-
-
-
-
-
-
-
-
-		 Plant &
Machinery
Computer
Equipment
£
310,624
11,127
(28,454)
293,297
156,511
35,655
(26,199)
165,967
127,330
154,113		 Motor
vehicles
£
143,085
24,990
-
-
168,075
71,854
19,890
-
91,744
76,331
71,231		 Total
£
2,190,172
36,117
(28,454)
-
2,197,835
228,365
55,545
(26,199)
257,711
1,940,124
1,961,807

Cost or valuation at 31 May 2025 is represented by:

Land and Plant and
buildings machinery etc Totals
£ £ £
Valuation 2024 617,535 - 617,535
Cost 1,118,928 461,372 1,580,300
1,736,463 461,372 2,197,835
If freehold land and buildings had not been revalued they would have been included at the following historical cost:
2025 2024
£ £
As restated
1,118,928 1,118,928

Included in the total cost is freehold land with a cost of £436,083

Freehold land and buildings were valued on an open market basis on 30 May 2024 by Drewery & Wheeldon Valuers & Auctioneers.

Page 23

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Notes forming part of the financial statements for the year ended 31 May 2025

Cost
At 1 June 2024 (as restated)
Additions
Disposals
Revaluation
At 31 May 2025
Depreciation
At 1 June 2024
Charge for year
On disposals
At 31 May 2025
Net book value
at 31 May 2025
At 31 May 2024		 Freehold land
and buildings
£
1,736,463
-
-
1,736,463
-
-
-
-
1,736,463
1,736,463		 Improvements
to
property
£
-
-
-
-
-
-
-
-
-
-		 Plant &
Machinery
Computer
equipment
£
219,768
7,800
(28,454)
199,114
127,554
26,105
(26,199)
127,460
71,654
92,214		 Motor
vehicles
£
114,447
13,990
-
128,437
60,839
14,567
-
75,406
53,031
53,608		 Total
£
2,070,678
21,790
(28,454)
-
2,064,014
188,393
40,672
(26,199)
202,866
1,861,148
1,882,285

Freehold land and buildings were valued on an open market basis on 30 May 2024 by Drewery & Wheeldon Valuers & Auctioneers. If they had not been revalued they would have been included at an historical cost of £1,118,928 (2024: £1,118,928). Included in the total cost is freehold land with a cost of £436,083.

10 Fixed asset investments

Investments held by the charity represents £1 investment in each of the two subsidiary companies at cost (see note 19).

Listed investments
As at 1 June 2024
Additions
Disposals
Revaluation
As at 31 May 2025
Historical cost at 31 March 2025		 2025
£
66,877
7,280
(20,140)
(14,771)
39,246
63,581		 2024
£
as restated
79,266
5,620
-
(18,009)
66,877
93,315

Page 24

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Notes forming part of the financial statements for the year ended 31 May 2025

11 Investment properties

Cost
At 1 June 2024
Additions
Disposals
Revaluations
At 31 May 2025
Net book value
at 31 May 2025
At 31 May 2024
Cost of valuation at 31 May 2025 is represented by:
Valuation in 2013
Valuation in 2014
Valuation in 2015
Valuation in 2018
Valuation in 2022
Valuation in 2023
Valuation in 2024
Valuation in 2025
Cost		 Group
2025
172,500
-
-
7,500
180,000
180,000
172,500
Group
2025
£
(34,986)
(51,162)
17,870
(7,500)
11,250
11,250
15,000
7,500
210,778
180,000		 Charity
2025
57,500
-
-
2,500
60,000
60,000
57,500
Charity
2025
£
(34,986)
(3,269)
-
(2,500)
3,750
3,750
5,000
2,500
85,755
60,000

Investment property was valued on an open market basis on 12 June 2025 by Drewery & Wheeldon Valuers & Auctioneers.

If investment properties had not been revalued they would have been included at the following historical cost:

Cost
12
Stock
Other stock
Work in Progress (assets under construction)		 Group
2025
£
210,778
Group
2025
£
70,725
167,420
238,145		 Group
2024
£
as restated
210,778
Group
2024
£
as restated
50,084
121,920
172,004		 Charity
Charity
2025
2024
£
£
as restated
85,755
85,755
Charity
Charity
2025
2024
£
£
as restated
70,725
50,084
167,420
121,920
238,145
172,004

Page 25

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Notes forming part of the financial statements for the year ended 31 May 2025

13 Debtors

Trade debtors
Other debtors
Amount owed by subsidiary undertaking		 Group
2025
£
59,070
49,177
-
108,247		 Group
2024
£
as restated
16,241
6,094
-
22,335		 Charity
2025
£
42,493
49,177
157,278
248,948		 Charity
2024
£
as restated
8,862
5,817
79,476
94,155

14 Creditors : amounts falling due within one year

Group
2025
£
Bank loans and overdrafts
4,554
Trade creditors
10,333
Taxation and social security costs
26,528
Other creditors
89,485
130,900
Creditors: amounts falling due after more than one year
Group
2025
£
Bank loans
27,077
Amounts falling due after more than five years
Repayable by instalments
2025
Bank loans
8,861		 Group
2024
£
as restated
4,554
6,193
22,081
44,588
77,416
Group
2024
£
as restated
31,521
2024
as restated
13,305		 Charity
2025
£
4,554
9,044
9,457
82,961
106,016
Charity
2025
£
27,077
2025
8,861		 Charity
2024
£
as restated
4,554
5,977
7,740
37,100
55,371
Charity
2024
£
as restated
31,521
2024
as restated
13,305

15 Creditors: amounts falling due after more than one year

Bank loans are secured over the freehold property held by the Group.

Page 26

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Notes forming part of the financial statements for the year ended 31 May 2025

16 Statement of funds

General Reserve
Total unrestricted funds
Restricted funds
Big Wood
Birchwood Big Local
Royal Forestry
Total restricted funds
Total Funds
Big Lottery Fund (Our
Environment Our Future)
Shine Sustainability Fund
Heritage Lottery - Wilder
Doddington
Making Nottinghamshire
Safe - Rural Crime
Revaluation Reserve (as
restated)		 At 31 May
2024
£
1,951,925
317,535		 Income
£
1,284,968
1,284,968
-
22,702
36,700
-
10,850
43,009
-
113,261
1,398,229		 Expenditure
£
(1,164,369)
(1,164,369)
-
(34,236)
(24,467)
(34,687)
(10,850)
(33,257)
-
(137,497)
(1,301,866)		 Gains and
losses
£
(3,592)
(3,592)
-
-
-
-
-
-
-
-
(3,592)		 Transfers
£
-
-
-
-
-
-
-
-
-
-		 At 31 May
2025
£
2,068,932
317,535
2,269,460 2,386,467
450,000
29,215
-
34,687
-
-
51,738		 450,000
17,681
12,233
-
-
9,752
51,738
565,640 541,404
2,835,100 2,927,871

The General reserve represents the free funds of the charity which are not designated for particular purposes.

The largest restricted funds are as follows:-

Big Wood:

A project, funded by Ecominds, to establish a "green recovery" program in Norton Big Wood for local people with mental health and wellbeing issues. Funding was taken over by Bromhead Medical Charity after the Ecominds involvement came to an end, which also ended in 2015. During the project land was gifted to the value of £150,000 which is subject to ongoing conditions of use. Due to this the land is carried forward as a restricted fund.

Big Lottery Fund (Our Environment Our Future)

This is a forward-thinking social movement that supports young people to lead progressive change in their communities and local environment. We aim to help young people step up and take what is rightfully theirs: a healthy planet, a thriving economy, and a brighter future.

Making Nottinghamshire Safe - Rural Crime

Make Nottinghamshire Safe Rural Crime Bid - This was a two year project in partnership with Newark & Sherwood Police Force, that we named Operation Swift, to help rehabilitate offenders of wildlife crime. We were chosen as the only testing site for a project that will be rolled out nationally if successful, to address youth offenders guilty of wildlife crime and in conjunction with the police force, help rehabilitate and assist them in restoring nature that they were found guilty of destroying. This project was aimed as community outreach to avoid offenders reoffending and helping their community service to avoid time spent in prison for being convicted. The aim after the two year project is for this scheme to be adopted at the national government level across the UK.

Royal Forestry

This was a grant to support the creation of a forestry ranger position through the Royal Forestry Society. It was to support the creation of jobs in the forestry industry which has been in decline in recent years and to encourage more people into the forestry profession.

- Heritage Lottery Wilder Doddington

As a continuation of the consultancy services provided to Doddington Hall for their Heritage Lottery project called Wilder Doddington, Hill Holt Wood was engaged to build the outdoor classroom mentioned in a consultancy project from the previous year, to create student alternate provision programme. This is part of an ongoing project for the 5 year duration of this project that involves the Senior Managers at Hill Holt Wood. This year's project used Hill Holt's staff and materials to develop this learning environment and was built on the main grounds at the Hall.

Page 27

HILL HOLT WOOD (LIMITED BY GUARANTEE) Registered Company Number 04426756 Registered Charity Number 1119915

Notes forming part of the financial statements for the year ended 31 May 2025

16 Statement of funds

- Shine Sustainability Fund Project 1

This was a three-year project from SHINE's Sustainability Fund to deliver a mental health programme to help people tackling loneliness, social isolation and suicide awareness that we named Spaces of Reflection. Each year as part of the fund, there was a new project delivered for one year based upon the awareness principles of 'see no evil, hear no evil, speak no evil' and each of the 3 unique sites will have physical wooden monuments to reflect this build by participants to address and help their mental health. Unlike previous SHINE projects, this one was open to anyone over the age of 16 and not a specific demographic.

- Shine Sustainability Fund Project 2

This was a three-year project from SHINE's Sustainability Fund to deliver a mental health programme to help people tackling loneliness, social isolation and suicide awareness that we named Balancing Nature. Each year as part of the fund, there was a new project delivered for one year and each year will help people reconnect with nature and restore their green spaces to help better their mental health by being within nature and creating safe spaces for them to be at peace whilst also assist their own health needs. Unlike previous SHINE projects, this one was open to anyone over the age of 16 and not a specific demographic.

Birchwood Big Local

This was a project to engage local stakeholders in Birchwood in restoring a green space and bring a community asset back into use. We hosted this at the Hospital Plantation in partnership with Lincoln City Council to expand the walk ways, clean the site, enhance biodiversity, create rest spaces and clear and expand the walkways so the local community can enjoy the space.

Hill Holt Wood

The results for the parent charity Hill Holt Wood have been included in the consolidated SOFA. For the year ended 31 May 2025 the total incoming resources for Hill Holt Wood were £1,226,599 (2024: £1,033,580) and outgoing resources of £1,049,533 (2024: £934,291). The surplus for the year after net gains/(losses) and revaluations was £164,362 (2024: £709,436)

17

Analysis of group net assets between funds

Fund balances at 31 May 2025 are represented by
Fixed assets
Tangible assets
Investments
Investment properties
Net Current Assets
Stock
Debtors
Bank & cash
Creditors
Total net assets		 General
funds
£
1,490,124
39,246
180,000
188,096
90,566
556,412
(157,977)
2,386,467		 Restricted
funds
£
450,000
-
-
50,049
17,681
23,674
-
541,404		 Total
funds
£
1,940,124
39,246
180,000
238,145
108,247
580,086
(157,977)
2,927,871

Page 28

HILL HOLT WOOD (LIMITED BY GUARANTEE)

Registered Company Number 04426756 Registered Charity Number 1119915

Notes forming part of the financial statements for the year ended 31 May 2025

18 Related party transactions

During the year key management received remuneration totalling £206,535 (2024: £167,400).

19 Subsidiary companies

The charity owns the whole of the issued ordinary share capital of Hill Holt in the Community Ltd, a company registered in England, number 06188432. The subsidiary was established for non-primary purpose trading activities. All activities have been consolidated on a line by line basis in the SOFA. The taxable profit is gifted to the charity.

The charity also owns the whole of the issued ordinary share capital of Hill Holt Gainsborough Limited, a company registered in England, number 08241099. The subsidiary was established as a special purpose vehicle for the Empty Homes project.

A summary of the results of the subsidiaries (including trading with other group companies) is shown below

Turnover
Cost of sales
Gross profit
Other Income
Administrative expenses
Interest payable and similar charges
Loss/(profit) on disposal of investment property
Fair value adjustment of investment property
Net Trading profit/(loss)
Tax on profit
Gift Aid transfer to Hill Holt Wood
Retained Profit / (Loss)
The aggregate of the assets, liabilities and funds was
Assets
Liabilities
Funds
Represented by
Called up share capital
Profit and loss account		 Total
Total
2025
2024
£
11,700
11,700
-
-
11,700
11,700
2,242
8,734
-
2,219
-
(5,000)
(10,000)
14,458
10,747
1,797
1,293
-
-
12,661
9,454
123,859
119,964
(115,827)
(124,593)
8,032
(4,629)
1
1
8,031
(4,630)
Hill Holt Gainsborough
Limited		 Total
Total
2024
2023
£
£
223,583
317,877
134,418
134,029
89,165
183,848
-
-
109,766
75,057
-
-
-
-
-
-
(20,601)
108,791
-
-
63,650
119,636
(84,251)
(10,845)
240,126
243,375
(178,232)
(97,230)
61,894
146,145
1
1
61,893
146,144
Hill Holt in the Community
Limited		 Total
Total
2024
2023
£
£
223,583
317,877
134,418
134,029
89,165
183,848
-
-
109,766
75,057
-
-
-
-
-
-
(20,601)
108,791
-
-
63,650
119,636
(84,251)
(10,845)
240,126
243,375
(178,232)
(97,230)
61,894
146,145
1
1
61,893
146,144
Hill Holt in the Community
Limited
183,848
-
75,057
-
-
-
108,791
-
119,636
(10,845)
243,375
(97,230)
146,145
1
146,144

Page 29