## **Trustees’ Annual Report for the period** **From 6 April 2022 To 5 April 2023** **Charity name: The Hermitage Trust** ## **Charity registration number: 1127129** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The Charity was set up to provide financial
support to other charities.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|The Charity operates by making grants to
other charities for general charitable
purposes, and the advancement of health
or saving of lives.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|In setting the objectives and planning the
activity of the charity, the Trustees have
given careful consideration to
the Charity Commission's general guidance
on public benefit.| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The Hermitage Trust financially supported
a number of national and international
charities over the year. This included funds
to help set up a new centre for Guide Dogs
for the Blind in Bristol**.**In Kenya, we
supported AMREF Health Africa to set up
mobile solar powered health clinics, this
enabled healthcare to be delivered to the
more remote areas. The Hermitage Trust
supported special needs in the UK to
provide a range of residential experiences
and included a trip to Spain for 18
learners. During the year, Help for Heroes
paid out 376 grants to help support
veterans and their families. Financial| 1 support from The Hermitage Trust contributed towards these grants. Financial support for Interburns has helped with the administration of projects in a variety of places including Gaza, Tanzania and Asia. ## **Financial Review** |Review of the charity’s
financial position at the end
of the period|Para 1.21|Cash reserves and investments held as at
5 April 2023 amounted to £1,146,724 at
cost value (£1,283,388 at market value).| |---|---|---| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The Charity has no reserves policy on the
basis that it uses funds generated from
investment assets to make grants to the
other charities and there are minimal
overheads to cover. Trustees make grants
taking into account the level of available
funds.| |Amount of reserves held|Para 1.22|As above| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|N/A| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Trust Deed Made on 28 October 2008| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Trust| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Elected by existing trustees| 2 ## **Reference and Administrative details** |Charity name|The Hermitage Trust| |---|---| |Other name the charity uses|| |Registered charity number|1127129| |Charity’s principal address|32 The Crescent
Farnborough
GU14 7AS| **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10|**Trustee name**|**Office (if any)**|**Dates acted if not for**
**whole year**|**Name of person (or body)**
**entitled to appoint trustee (if**
**any)**| |---|---|---|---|---| ||Simon Martin
Osborne Bartram|||| ||Julian Osborne
Bartram|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved ## **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** 3 ## **Funds held as custodian trustees on behalf of others** |Description of the assets|N/A| |---|---| |held in this capacity|| |Name and objects of the|N/A| |charity on whose behalf the|| |assets are held and how this|| |falls within the custodian|| |charity’s objects|| |Details of arrangements for|N/A| |safe custody and|| |segregation of such assets|| |from the charity’s own|| |assets|| ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details N/A ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** Simon Martin Bartram **Position (eg** ~~ee~~ Trustee ~~ee~~ **Secretary, Chair, etc)** ~~ee ee~~ **Date** 02 February 2024 ~~|~~ 4 ||**The Hermitage Trust**|**The Hermitage Trust**||**1127129**||| |---|---|---|---|---|---|---| |**Receipts and payments accounts**
06/04/2022
05/04/2023
**To**
**For the period**
**from**
~~ee ee~~||||||**CC16a**| |**Section A Receipts and payments**||||||| |||**Unrestricted**
**funds**||**Restricted**
**funds**||**Endowment**
**funds**||**Total funds**||**Last year**|| |---|---|---|---|---|---|---|---|---|---|---|---| |||**to the nearest £**||**to the nearest £**||**to the nearest £**||**to the nearest £**||**to the nearest £**|| ||**A1 Receipts**||||||||||| ||UK dividends|**28,249**||**-**||**-**||**28,249**||**26,666**|| ||Interest|**30,621**||**-**||**-**||**30,621**||**29,494**|| ||Overseas dividends|**10,031**||**-**||**-**||**10,031**||**10,031**|| |||**-**||**-**||**-**||**-**||**-**|| |||**-**||**-**||**-**||**-**||**-**|| |||**-**||**-**||**-**||**-**||**-**|| |||**-**||**-**||**-**||**-**||**-**|| |||**-**||**-**||**-**||**-**||**-**|| ||**_Sub total_**_(Gross income for_
_AR)_|_(Gross income for_
_AR)_**68,901**||**-**||**-**||**68,901**||**66,191**|| |**A2 Asset and investment sales,**
**(see table).**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**_Sub total_ -**
**-**
**-**
**-**
**-**
**_Total receipts_**
**68,901**
**-**
**-**
**68,901**
**66,191**
~~———————~~|||||||||||| ||**A3 Payments**||||||||||| ||Donations|**120,000**||**-**||**-**||**120,000**||**20,000**|| ||Administration|**3,996**||**-**||**-**||**3,996**||**1,976**|| |||**-**||**-**||**-**||**-**||**-**|| |||**-**||**-**||**-**||**-**||**-**|| |||**-**||**-**||**-**||**-**||**-**|| |||**-**||**-**||**-**||**-**||**-**|| |||**-**||**-**||**-**||**-**||**-**|| |||**-**||**-**||**-**||**-**||**-**|| |||**-**||**-**||**-**||**-**||**-**|| ||**_Sub total_ **|**123,996**||**-**||**-**||**123,996**||**21,976**|| |**A4 Asset and investment**
**purchases, (see table)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**_Sub total_ -**
**-**
**-**
**-**
**-**
**_Total payments_**
**123,996**
**-**
**-**
**123,996**
**21,976**
~~—————~~|||||||||||| ||**_Net of receipts/(payments)_**
**- 55,095**
**-**
**- - 55,095**
**44,215**
**A5 Transfers between funds**
**-**
**- -**
**-**
**-**
**A6 Cash funds last year end**
**306,052**
**- -**
**306,052**
**261,837**
**_Cash funds this year end_**
**250,957**
**-**
**- 250,957**
**306,052**
~~SSSS~~||||||||||| 5 ## **Section B Statement of assets and liabilities at the end of the period** ||**Unrestricted**
**Restricted**
**Endowment**|| |---|---|---| |**Categories**|**funds**
**funds**
**funds**
**Details**|| |**B1 Cash funds**|**to nearest £**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**28,888**
**-**
**-**
**222,069**
**-**
**-**
**250,957**
**-**
**-**
OK
OK
OK
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
Bank accounts
Managed deposit account
Income deposit account
~~—~~
~~=~~|| ||**Unrestricted**
**Restricted**
**Endowment**|| ||**funds**
**funds**
**funds**|| ||**to nearest £**
**to nearest £**
**to nearest £**
**Details**|| |**B2 Other monetary assets**|**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
~~===>~~|| |**B3 Investment assets**|**Fund to which**
**asset belongs**
**Cost (optional)**
**Current value**
**(optional)**
**Unrestricted**
**895,739**
**1,032,403**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Details**
Investment portfolio consisting of equities,
fixed interest and other investments
~~—=——~~|| |**B4 Assets retained for the**
**charity’s own use**|**Fund to which**
**asset belongs**
**Cost (optional)**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Details**
~~=====~~|| ||**Fund to which**
**Amount due**
**When due**|| |Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**|**liability relates**
**(optional)**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Date of
approval
**Details**
Print Name
Signature
6
~~———~~
02 February 2024|| ## **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** **Report to the trustees/** Charity Name **members of** The Hermitage Trust **On accounts for the year** 5 April 2023 **Charity no** 1127129 **ended (if any) Set out on pages** 5-6 (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 5 April 2023. - **Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. |**Signed:**||**Date:**|~~[~~
02 February 2024|~~[~~
02 February 2024| |---|---|---|---|---| |**Name:**|Hazra Patel|||| |||||| |**Relevant professional**|ACA|||| |**qualification(s) or body**||||| |**(if any):**||||| |||||| |**Address:**|Lubbock Fine LLP, Chartered Accountants|||| ||65 St Paul’s Churchyard|||| ||London|||| ||EC4M 8AB|||| **October 2018** **IER7** 7