Charity number: 1141884 SPILLS HILL CHARITABLE TRUST TRUSTEEI S, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 15 APRIL 2025 LON4I61541Y2 SPILLS HILL CHARITABLE TRUST CONTENTS Pagc Reference and administrative details of the charity Trustees, report Independent examiner's report Statement of finan¢ial a¢tivities Balance sheet Notes to the fjnaneial statements LON4181541Y2 pfR-OU2452 SPILLS HILL CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY FOR THE YEAR ENDED 15 APRJL 2025 Trustees Sirnon Fvans Virginia Flower Mark Kalderon Charity registered number 1141884 Principal office Spills Hill Farm ChickLnden Lane Staplehurst Kent TN12 ODP Independent examiner John Fass¢nFelt Harmans Corner The Street Borden Kcnl ME9 8JI4 Bankers NatW¢st- City ot'London Office I Princes SlrL'¢t London EC2R 8BP LON4.18154.1217 pfR-0024$2 P&ge I SPILLS HILL CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 15 APRIL 2025 The Trustees present their annual report together witli the finaiicial statements of Spills Hill Cl)aritable Trust (the Trust) for the year ended 15 April 2025. Tlie Trustees confinn that ilie ai)nual report and fiiiaiicial sialeinents ot. the Trust comply with Il)e curi'enl statutory requirements, the reqiiireillenls of Ilie Ti'ust's goveri)ing docuiy)eiit aiid the provisions of the ciiri'enl Stateinent of Recoiiiin¢iidL'd Practice (SORPI 'Accoiintiiig aiid Reportiiig by Cliai'ities" Strueturei governanee and management Conslitiilion Spills 1.lill Charitable Trust is constituted by Deed of l-rust dated 22 March 201 l and is a regTlStei'ed Lliai'ity, nuinber 1141884. Triistees The ¢liarity trLlStecs dLirii)g the year to 15 April 2025 were: Siinoii ￿vanS VirbTiiiia Flawer Mark Kaldei'oii Tl)e Iriislees have Il)e power to appoiiil iiew trustees, as sel OLII Wlthin the Deed of Triist. The Trust lias iio Staff otlier Ilian tl)e Iriislees. Meclings The trustees Ineet as appropriate to coiisider the work of tl)e Triist. All bJranls are approved by Ilie Iruslees. Risk Inaiiagv¢inent Tlie Ii'uslees consid¢r a rang¢ of risk Inatters includiiig Il)c safegvLiarding> of ils inveslineiils aiid tlie slc11LlS Ot the TrL15t'5 bTrai)tccs. Tl)c ti'uslccs iiiaiiilain ali iiisiirance policy in respect ot. tlie Trust 5 inveslineiil properly. Tliis policy is rcvicwed oli ali aniiual basis. Objectives and Mctivities Objects The objects of the Trust are the turtherance of 511ch exclusively cliarilable objects or purposes in such Inaniier as tlie trustees shall in their absolute dis¢relion think fit. Iii selling objectiv¢s and planning for activities, tl)e trustees have given careful consideratioii to geiieral guidance published by the Charity Commission relating to public benefit. Grant making poli¢y The TrLlSt Inakes grants to other charities or voluntary bodies, with particular focus on education, heritage, Inedical research and humanitarian relief. LQN43815432Q IJERQ02452 Page 2 SPILLS HILL CHARITABLE TRUST TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 15 APRIL 2025 Achievements and p¢rformance Review of activities The Triist's iiiain source of regiilar incoine is rental income froin two investment properties a terraced IIoLise iii l.,ondon SE I O aiid a resideiitial barn ¢()nversioii in Staplcliurst, Kent. Tliese are let to tenant% oli assured sliorthold tenaii¢ies. The Trust's rental income from investmeiit propcrty provides, and will coiitiiiue to provide. a I'egyular incoine streain to tlie Trust. 'fhe Irusle¢s' inteiition is to make giranls and donatioiis cacl) yeai. appi'oxinialely eqiial to th¢ Trust's iiicome. iiet of expei)seg. The iiivesttllcnt properly portfi)lio lias beeii fiiiided iii part by ali intci'est-free, uiise¢ured loan providcd by a tru%iee, Simon Evpriale lor ils grant Inakingi aetivilies lo bc fuiided priiii 37 796 1,5i<16L so CC17a IExc811 Section B Balance sheet es Ineom8 lund8 Unre8trictsd lund$ Endowment funds Total thls year Total last year Fixed assets Tanglble assets F01 F02 F03 F04 F05 INote 91 Investmonts INote 10 Total flxed assets Current assets Stock and work In progress Debtors INote111 Ishort temil Invo¥tments Cash at bank and In hand Total cunynt assets Credltors.. amount8 falllng dug wlthln onè year (Note 121 10 Not cunrnt assets/(Ilabllltles) Tot818ss•ts less Current Ilabllltle¥ 812 IK Credltors: amounts falllng duo after onè ygar (Note 121 Provlslons for IlabllltSes and chargas 813 B14 Net •ss8ts 815 Funds of the Charlty Unrestricted funds 816 817 RestrScted Incomg funds (Not• 131 Endowmgnt funds (Nots 131 B16 B19 Total funds S6 Signed by onè or two trustees on behalf of 811 thè trustèes Print Name Date of pproval Signature CG17a (Excell Section C Notes to the accounts Note 1 Basis of preparation This s8ctlon should be completed by all charftles. 1.1 Basls of accountlng These accounts have been prepared on the basis of h1stor￿ Cost (except that investments are shown al market value) in accordance with.. Accounting and Re and with. orlin by Charits8s- Statement of Recommended Practice ISORP 20051., counting Stand8rds'. Financial Reporting Standards for SmalK8r Enterprises IFRSSEI., or and with the Charities Act. Glve dotails In Ihls box If a dlff6rnnt standard has been followed. /h -Thck as appropriata.. if 811 relevant disclosur6s shown In tha pack have bgon glvon then pleasè Ilck "Accountino St8ndard8"; 11 dlsclosures completed in these a¢counts have been rnslricted lo Iho$g requlr8d by th¥ FRSSE, then plea$0 Ikk "Flnanclal Raportlng Standards lor Smaller Enterprises IFRSSEI" .11 no deportures from Ihg chosen standard$ have been m8d9 then delete those words., olheTh¥l$e gfve details ol any ¢hang88 In th8 boxes, 1.2 Change In basss of accountSng There has beon no change to the accounllng policies Ivalu8lkJn rules and m8lhod$ of accounllngl sincè last yeart54 Give detolls In thls box of any materlal change$ that have been made. 511 no changès have been mada to accounting policles then del8t8 these words. 1.3 Changgs to prèvlou$ account# No changos have been made lo accounts for prev￿uS years Glve detalls in thls box of any materlal ch&nges that have been mado. Ih ai if no changes have been made to accounts for previous periods then d818te these words. CC17a IEx¢811 Section C Notes to the accounts Icontl Note 2 Accountlng policles rhls standard Ilst 018CCOUnting pollcles ha5 beerj applled by Ihe ¢harlty exceptlor tho$• doleted. Where 8 dlff8rent or addilional policy hès beén adopted therj tl)Is Is dolailed in the box below. INCOMING RESOURCES R8coAnidon ot Incomin resour¢e$ These are included in the Slalemenl of Financial Arlivi118s ISOFAI when.. the charity b8comes entitled lo the resources.. the ITu51ees are virtuallv certain they will receive the r88ourc8s', an th8 monetary valu8 can be measuwd wrth sufficient r&llabililv. Wh8r8 incoming ￿$oUrCeS have related 8XP8nditure las with fUndra￿Ing or contract incon￿> the incorning rasources and olaléd expenditure are r8POrted gross in Ihe SOFA. Grants and donat￿n$ are only includgd in th8 SOFA when th8 charity has uncondllional 8nllll?m?nt lo the rèsources. Tgx r•¢lalm• on donatlon• and Incoming ty$our¢es from lax re¢￿alm$ ?r8 included In the SOFA the $8rn9 tirrÉ a5 the glft lo gllt8 which Ih8y relate. Contractual Income and Thk8 15 only hcluded h th8 SOFA once th8 related good$ or Services have b88n delivered. *rform&nc• relatod 9rant• Incoming ro$ourc88 wlth relatsd expenditure Grants and donatlon• Glfts In klnd Gifts kind are accounlet1 for at a rea$onable e8timat8 of Ihelr value lo the ¢hadty or th? arnounl actually realisod. Gif15 in klnd for sa18 or dislrbulipn 8r8 included h th8 account$ as 9￿1¥ onty when SO￿ or dlslribuled by the ¢harily. Gifts in kind lor use by th8 cha￿tY 8re included in the SOFA 8¥ Incomlng re8ource5 when recelv4ble. Donatod geTvl¢g$ and facllltle• Thesè are only indudad in incomlng rg¥ources Iwllh an equlv8lent amount in r8sourceB expendgdl where th8 benefll lo the ¢hartly is r8a50nobly qu8nliliable. m8asur8bl8 and maledal. The valuè placed on the$8 reEources is Ihe o$limal?d value Io Ihe charity of tho 8ervk8 or faclily re¢8ived. Volunt••r h¢lp The value o18ny voluntary help r8celv8d K% nol In¢luded in th• 8¢counls bul Is d08crlb8d in the Iru81888' annual ffjport. Th18 1$ Included in the 8c¢ount5 %vh8n recetii8bl8. Thls includes any gain or loss on th8 salg of inveslm8nls and any gain gr loss resultln9 from revalulng inv8slm&nls lo m8rkel vqluo al the 8nd ol the year. Inv¢•tmont In¢om• Inv•stmont galns #ftd 10•10• EXPENDITURE AND LIABILITIES Llablllty r8cognltlon Liabllille8 are tycognbed a8 soon as there is 818gg1 or conslru¢live obligallon commilling the ch8ri1y lo pay out r88ource8. Include cosis of th8 preparation 8nd ex8minollon ol stotulory accounts. Ihg costs ol Iru8lee meelings and cost of any leo818dvlce lo Iru51ee$ on govemgnce or con81ilulion81 m8118rs. Wher8 the charity give$ a grant wlh condlllons for 115 payment belng a 5pe¢lfl¢ level ol service or oulpul lo be provld8d, such grant$ are only r8¢ognlsed in the SOFA once the recipient of Ihe grant has provlded the spe¢iliod service or tsutpul. These are only recognised In the accounts when a commilm&nl has been made and there are no ¢on4lllons lo be mgt relallng lo the grant which ￿maIn in th& control of the charity. Support cosls incIuLle ¢enlral functions and have been allocated lo acliyily ¢o$t categorie5 on a b8si8 consislenl wllh the use of resources. eg allo¢atino property Costs by floor areas. or per ¢opita, staff costs by the Ilme spenl and olhor costs by their usag8. Governanc• cw Grants wlth porformance condltlon$ Granls payablo wlthout p•rformanco condltlons Support Cost* ASSETS TÈngibl8 fixed as8•ts for u50 by charlty Inve8tm8nts These are capilali5èd If they cen be used lor nKre than one year, and cos18t least £500. Thèy 8re valued at cost or a ma50nab18 value on receipt. Inv8slrnen15 quoted on a recogni88d stock exchange are valued al market valu8 at the year end. Other inveslm8nl a8se15 a￿ included al trustees, best estimate of m8rket value, These are valued at th& lower of cost or mark81 Value. stocks and work In progress POLICIESADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE { ftL 41L rtloh/<4* 4* *L 4 &dyQ -M/h' CC174 IExcell Section C otes to the accounts l¢ontl Not8 3 Analysis of ineoming résources In¢omlng rnsources may bo lurth•ranalys¢d Mthls would help the tyaderof the #ccounts. Thlg year Last year Ana 818 Voluntary in¢om• Totol A¢tlvltl¢$ for generatlng funds Total Investmon¢ In¢omg Total Ineomlng r•$oure•s from charltable a¢tlvltl•8 Total CC17a IExcell Section C Notes to the accounts Icontl Note 4 Analysis of resources expended R&$ource$ exp•nd8d may bè further analysèd If this would help thg rnadfrr of th• accounts. Th1$ yoar Last year Anal sls Costs of gonèratlng voluntary Incomg Total Fundralslng Iradlng C08ts Total Investment managgment cost$ y141 Total Charltable a¢tlvltle8 rfi e) 00 Total Z005 Governance costs Total 11 CC17a (Excell Section C Notes to the accounts Iconll Note 5 Support Costs Please ¢omplgte this note If thg charity has analy$ed its expenses using activity calogories and has support costs. charltable A¢tlvlty Totsl Cost //* Fundra181ng activlty Governance A¢tlvlty ort cost t Tot¥1 Note 6 Dgtalls of certaln 5tom$ of expendituro 6.1 Trustee txp•nse8 Please pmvlde detJll$ of the amount ol any payment or relmbursement of out.of-po¢kgt expenses made to Irustegs or to lhlrd parties for expen$gs InCU￿d by trustges. Ilno expenses were p41d, ple&$e enter'None' In the appmprfale box(es). Thls yoar Last year Numb•rof trust••$ who wern pald expen$•8 Nature of tho expens•$ Nl IA Total amount pald LJOW 6.2 F99$ for examlnotlon or audit of th• accounts Please provide detalls of the amount pald for any statutory exlemal scrutiny of accounts and other$gtViGes pmvlded by your Independent gxomlnoror audllor. If nothing was pald pl8ase enlerNONE in the appmprlate box(esJ. Thls year Last year Independent examsne￿5 or audltors. fees for roportlng on tho accounts other fees Ifor 8xample: adviG9, consultancy, accountancy servlcfjsl paid to th& Independent examlner or auditor IL CC17a IExc811 Section C Notes to the accounts Icontl Notg 7 Paid employees Plgase complete thls not8 if the charlty has any omploye￿. Ifv 7.1 Staff Cost$ Th1$ yoar Last yoar Gross wagg$, salaries and ben•flt8 In klnd Employer's Natlonal In6uranc• costs Panslon costs Total staff costs 7.2 Average numbor of full-tlme equlvalent •mployggs In the year The part8 of th• ¢harlty In whlch th? employees wor Th1$ yaar Number Last ygar Numbor Total 7.3 O•fln•d Contrlbutlon p•nslon sch•m• PlgJse complgta If & deflned Contrtbutlon pen$lon scheme Is o Br1￿ d•talls of th• 8ch¢m• erated. Thls year Last year The costs of thè Sehemg to the charlty for the year The amount of any eontrlbutlons outstandlng at th• year •nd The amount of any eontrlbullons prepald at th• year end CC17a (Excell Section C Notes to the accounts Icontl Note 8 Grantmaking Please complete thls note If the charlty made any grants or donatlons whlch In aggregate fomi a material part of thg charltable activltles undertaken. 8.1 Total value of grants Grants to Instltutlons Total amount £ 600 Grants to Indlvlduals Total amount £ Pur ose for whlch rants made M£d,cd - Total 8.1 Grantmaklng Gost$ If the charlty's accounts are prepared on the "8ctlvlty basls" please glve det811s of any support cost assoclat8d wlth grantm8klng. Plea$9 enter "Nll" 11 the Gharlty does not Id8ntlly and/or allocate support costs. support costs of grantmaklng £NIL 8.3 Grants made to Institutlons 11 the charlty has made grants to partl¢ular Institutlons that are materlal In the contOXt of Its grantmaklng please glve detalls of the Instltutlon supported, purposg ol the grant and total pald to each Instltutlon Ilsted. Sufflclent Informatlon should be Iven to rovlde 8 reasonablg understandln of the ran e of Instltutlons su orted. Total amount ol rants ald£ Namos of In8tltutlon¥ Purpose irtrJ loo Trr Total grants to institutlons CC17a (Excell Section C Notes to the accounts {contl Note 9 Tangible flxed assets Please Gomplete this note If the Gharlty has any tanglble fixed assets 9.1 Cost or valuatlon L/A Freehold land & bulldlngs Other land & buildings Plant, machinery and motor vehlclès Flxturas, ttlng$ and gqulpment Payments on account and a5s•ts under ¢on8tructlon Total Balance brought forward Additions Revaluat￿n8 Disposals Transfers Balance carried forward 9.2 Accumulated doproclatlon and Impalmiènt provlslons *(rBasls SLorRB SLorRB SLorRB SLorRB SLorRB Rat• 8alance brought forward Dgpreckgllon charge for year Impairment provision8 R8v8lualKsns Disposals Transfers. Babnce carrpd forward 9.3 Not book valu• Brought forward Carr￿d forward 9.4 R8valuatlon If any fixed as5et$ have b￿n revalued please giv8 detalls of th8 valuerand method of valuatlon The ?ransfers' row is for movpmenls between fixed 8SSet Categor￿S. ' Pkase inLIic8ts the method of depreCIat￿n by d&leling the m81hod not appI￿able (SL = slraighl line,. RB= reducing b81ance). Also please indicats the rale of depreciat￿n.. for slraNJhl b'ne, what is the anliGipaled lrfe of the asset (in years),. for reducing b21ance, whal is the percentage 8rtrtual deduct￿n. CC17a (Excell Section C Notes tothe accounts Icont) Note 10 Investment assets Plgasg complete this note if the Charity has any Inve$tmgnt assets. 10.1 Flxed assets investments Carrying Imarkell value al beginning of year Add.. additions lo investments at cost Less: disposals at carrying value Addlldeductl.. nel gainllbssl on rovalualion Carrying Imark81l value al end of year Please provide below.. 10.2 A breakdown of the marf(et valuos of Investmgnts shown abovo agr68lng wlth thg balance sheet row 803. 10.3 A breakdown of the Incomé from Investmgnt# agreelng wlth SOFA row SO3. Analysls of Investments 10.2 Mark•t value ot y•ar end 10.3 Ineome from Investsnont$ for ¢hg year Investment propgrtles Investments Ilsted on a recognisod stock exchange or held In common Investment funds, opan ended Invfrstmgnt companles, unit trusts or other collective 5nvestment schem9S Investments In 8ubsldlary or connected undertaklngs and companles SocurStles not Ilsted on a recognlsed Stock Exchange Cash held as part of the investment portfollo Othar Investmgnts Total 10.4 Material investment holdlngs If any single Investment is materlal in tems of Its valug (for example represents more than 5 per cent of the value of the charlty's total investments) please provide detalls. Investment held Market Value t 895.000 AJ6tL - /6 CC17a (Excell Section C Notes to the a¢¢ounts Icontl Not&11 Debtors and prepayments Please ¢omplete this not• If the charlty ho$ any debtots or ments. Amounts falling due wlthln one ygar Thls y•ar La8t year Amounts falllng due after more than one yoar This y?ar Last year Analysls of debtors Trade d8btorB Amounts due from sub8ldlary and a880clat•d und•rtaklngs Olhar debtors Prepaymgnts and a¢¢ru•d Income Total Note 12 Credltors and accrual$ Please complete thls note If tho Charlty has any ¢rgdltors or4c¢m•ls. 12.1 Analysis of crodltors Amounts lalllng due wlthln on• yoar Th18 y•ar Last y•ar Amounts falllng duts aft&r more than one y¥ar Thls year Last year Loans and overdrafts 1070)0_ Tr4do cradltors Amounts du• to subsldlary and a$soclat•d und•rtaklngs Other credltors Ac¢ru81$ and deftrrrod Incomo Total 12.2 Securty over assets If any loan, overdraft or othercrndllor holds a charyo or other sgcurlty over any assats of the Charltyplease provlde detalls. irt- l) Ck¥ifyJ lrtrtatr*Eptr fw7T(thl, eth4 Ik￿1 18 H O%/iC L [4 b17, 0>O,1414Ji￿J fY-JK0 14.3 Other tran$actlonlsl wlth trustees or related partles Please give detalls of any transactlon undertaken by (or on behalf ofj the charlty In whlch a trustee or related party has a materlal Interest. Name of the trusteg or related art Descrlptlon of the transaction This yèar Last year Rolatlonshi to ¢harlt CC17a IExcell ection C Notes to the accounts (cont) ote15 Additional Disclosures -he following are slgnificant matters which are not covered In other notes and need to be included lo providé I proper understanding of the accounts. If there is insufflcienl room hef8, ploase add a separale sheet. NIA CC17a (Excell LO