Charlty Aumber: 1147629 The Hillier Trust TrusteesT Report and Flnancfial Statements For the Year Ended 30 June 2024 The Hlllier Trust ConteDts RdiY¢nc¢ atmi athnini5trthvedetsils of the T￿$( it5 TNstets and adviw8 Tn]stee5' r4 ltsth￿dent 8yditor5' rcport on th¢ finAn¢iai statements Statement of financial xtivities Balattce sheet 10 Siatment of LX8h tlows Not¢s to th¢ finaneial statemethts 12- 19 Yhe Hi]Jier Trust Refer¢n¢e and AdDth￿ytr￿t1Ye Details of tht Tru54 its Trustees And Advl*r8 For the Ye4r Ended 311 June 2024 Trustees Anthony Jthn Hilliff Susan Jedn Hillier Eliztheth Mary Jordan David Hillier Ckarlty reglst¢r¢d tyumb¢r 1147629 Prlnclpal offl¢¢ L(K>$¢ Court Fallnhous¢ Old Driv¢ Mwdston¢ K¢nt MEI59SE Independent •lldlto UHY Hacket Youn ChartLThI Accounthnts ThamL¥ House Roman Square Siiiingbourne Keni MEIO 4BJ BaKkers NatW¢st S¢rvic¢ C¢ntr¢ Pjrklands, D¢ H&viland Way Honvich Bolton BL6 4YU lttvestll￿t MaDageTS Rathbones Inv&stmtt)t Mana8*>ne4Jt Office 8 Fiosbwy Circus London EC2M 7AZ Page I The Hillier Trust Trustees, Report For the Year Ended 30 June 2024 The Tr￿Ste£S presea)t their annual rq￿ tO8&herwith thc audiwj finall¢1￿ Sla￿Trents of thcThJst forth¢ ¢nd¢MJ 30 ]￿e 2024. OBJECTIVES AND ACTIVITILS P￿1¢1¢$ and obJtt¢lve5 The principal obicct of the TTUSt 1$ that Trnstee8 shall hold tlJ¢ ¢#pital and income of the Tru¥t Fwid ulm trust to apply the i1￿0]n4 a*d ]] or such part or part5 of ih¢ L¥pital, at such iiTt)es and in to. or for the bfflefit of, such exClusi￿lY charitsbl¢ for th¢ publie beneh"t as ar¢ excI￿s1ve1ythaTil8blc ￿ording to the laws of England amd Wyl# as theTtustets may from titn¢ to tiTne The TNgtee5 confirni that th¢y haverefured to th¢ guidan¢¢ c¢)ntaIn￿ in the ChaTity Commission's g¥ntrnl guidan¢ on public b￿tfit when Teviewng th¢ Trusds aims alld obi¢ctiv¢s in planniTh8 fij￿re a¢tiviti¢& S¢ttiT￿ the 8r8nt Makingpoli￿ foT the yL¥. b. Crallt nthkijbg polldes Over theyearth¢ TTU$t¢es approved BTartts toregistere41 charities arnouniing to £267,482. A fijll list of thos¢ who benefited is out in Nok 5. Th¢ fithd8 of thc Tn￿t can b¢ di*ibuttd to other organisation5 OT individuals underthe term5 of th¢Try$t deed. A significani wt of the Tnjst eXp￿dit￿re to SUp￿)rt th¢ work of The Family Trust which is aChri¥tititi Ixynjsaiion owating ID K¢nL whoseprimary aim is to k¢lp thildmj understand that C￿15¢1￿1]fy is relevant to theirdaily lives. OthtTb¢rt¢ficiarits tend to be or¥anisation8 generally with a CIJTi5tian Lth￿ who are cwrying i)llt developm￿1 2nd supm WtsTk 8mon8 d￿advantage0 groups. VoluDtstr& There are no voluntea5 contributing to the activiti¢5 of th¢Tr￿L ACHIEVEMENfS AND PERFORMANCE . Key perforn￿llet Indi¢*tors Th¢ unrestriaed fijnds of th¢ TTU$t Are sufficient to support gEants at cutyent Icvcts for eighte¢n yws. b. Re￿Tr ofarthrytiej Th¢results of theyw8rt s¢t out on p4e 8. A donation of £1,9(M),300 w&8 rtteived during the yeor attd income from iDv&styneniS in the year amounttyj to £50,384 (2023.. £51.917), rLyretsenling a gross rebjrn of 1.80A {2023.. 1.9Yol ort the closing vakuc of thc invesbMJt8. Gr8Thts mwje in th¢ tota]ILul £267.482 (2023.. £297,346} other ex￿idit￿¢ aTno￿t￿l to £21.190 (2W23: £22,084). The m0vcm￿t of funds for the year was a surplus of £1.986,697 tomparEd tD a d¢fial of £180,938 in 2023. Th¢ wmulytive balanLt of £4.893,002 IS forward as an unr¢sth¢tal rcsLYv e. Fa¢tors relevant to •chitve ¢)bJ¢¢dve8 Th¢Trust h&8 sufficietlt fuDds to b¢ able to make graThts at a 5irnilar Icyd the ￿ the for¢5ttoblefithJre and thtth it doE5 no¢ ¢ffj out anyfurtd raising activities. d. IDVtstment policy #ttd p¢rfornMnte Rathlx)nes are apwintcd as inythnwt manw to the Tnrt TheyrqM)rt to the Tru5fv at r¢8uiar intervals Providing 4 fv11 listin8 of the ittvtsttnents with Iktai15 of CO￿ current matk¢t ￿lu¢ and estimated income. togth£¥ with statistics dctailing the fund% ]xrfonnan C&sh dq)05its ar¢ TCt8ined by Rathlx)nes as part of th¢ itLve8tmertiportfoli P&8e 2 Th¢ Hlllier Tru8t Trusteel, Report (continued) For the Year Ended 30 June 2024 FINANCIAL REVIEW •. Gtiittg wnrern Aft￿ makttEg appropriÈt¢ ¢n4UiTi¢& th¢ TTU5tffs have a r¢a50nable expectation that ihe TtU￿ h8s ad￿￿&1¢ r¢soiireu to c(mtinue in opcrational exisience for the fores¢eabl¢ tulurc. For this reason, thcy continue to adopt thc going cthncem bo515 sn prcparing the fin￿nCial ststements. Furtbcrd¢t#il$ T¢￿rdIng the adoption of thegoing concern basis can be found in the w)uDting polici¢5. b. Rtterves polky TheTrust has no ￿dow1n￿t funds or r￿trIcted fund& Theunr&4thcted fi]nds of the Tn]st are av&ilobl¢to b¢distributcd undff the TDJSt Deed. . MaterlAI Invtstments pollty The inwestmet)t obj¢¢tiv¢ for th¢ porfolio i$ for A I￿lance betwe￿ capithl and ineome with A m(*Jium TÉ$k tOla￿¢¢ which aims to genernt¢ a retyjm ovtrthe long Lryjn of 2qA aiK>v¢ th¢ rdt¢ of int]ation. PrIncIp￿ rlskn uatertalntl The Tn￿¢$ consider a fall in Investmtht wa]llts to be the prirt¢ip81 risk for the Thist but there are suffieithi fup(ts IQ Tn¢¢¢ ffjticipat¢d grantg for the foreseeable future. Although thrrc arc som¢ grants wh¢rc promis￿ of fi]ture payment have been mad4 Ihtrbe are ov¢r a iod of less than five years and ts amounts that thre not siwjificwtt ill th¢¢ont¢xt of the funds avoilable. inAttci*I rl$k management iknjetdvu w)li¢lti Th¢ TnIst￿5 ar¢ r&4POn￿ble for finaneRal risk M￿&S¢M¢nI. They nb)nitorthe inv¢stmeyit p¢rtfolio by r￿elVillg Tegular tEpoYts from th¢ Inv￿tMent managLT5. They also reeeive six monthly mana8ement accounts. Two truslK8 nttd ￿ approve any payTh¢nts made from the TTUSt bank o¢coutLL I. PAnc1￿1 funding During the yw, th¢ princip81 sourcc of funding from dotkition8. Investsnaji in¢()m¢ d¢rived from thc portfolio is th¢ Truse5 main sourceirfpTincipal funding donaiion& Page 3 The Hiuitt Trust Trustee5' Report (Conti￿lled) For the Year Ended 30 June 2024 STRUCTU￿ GOTrTRNANCE AND MANAGEMENT cott8rftu￿o The Tr￿t is constitutd undelh Trust deed dotoj 8 Jun¢ 2012 and 1$ & regist¢nul djarity 1147629. IK Methtmls of 8ppdlltment or e1¢f¢1￿ rfTr￿tt The management of thc Trust 15 thcrL*poDsibility of th¢TNstKs who are elect￿1 and co-optedundttthe tern￿ of the TNsi dee . Oryan15adonal 5tructsTe deEi5iQllwThAkittg politi The Thstees conununicate regularly throughwt th¢ finartcial year in orderto eonsider grani applications and mat*rs r¢iating to thc ath)ini5tralion of tlK TrusL d. Polltlei adopted for the InductloD and training of TTh¥te Thoinduaioth and tixining of o￿te&S isde41i with during meetings and othw cornunic4tion& Related ￿rtY re]AlloDshlp4 T[￿￿e¢S thi5e wh othcr of any T¢latLxl porty relationship$ and thes¢ are disclosed in the notoi to the financial #atLTrents. f. Flnanrlal rlsk management The Trnstees have asse58ed the major risks to whsch the Trust is expos￿, in particular thos¢ related to the opmtioTrs and finanLKs of the Trust. and are salisfid that syst￿5 4nd pro¢edur¢s aff in pla¢¢ to mitigate expostn to the major risks. PLANS FOR Fir￿ PERIODS The TTUStee5 will continu¢tO SUPE￿ the Obj￿1v&s of thc Tmst for the foresecablc fvturc. The unlistal inVest￿£￿tS the Trust receivcd as a donation during the ytsr wu¢ 801d yeaT ¢nd the sale proceat8 haw be invtstd in th¢ 11$t￿ inv¢8thJ•t I￿￿0110. Statem¢ttt of Trust*ts' responsibllltitl Th¢ Trnst¢¢S 8r¢ r¢spon*Thk fOrpr¢p￿1￿& the Trusteu. report and the fin8￿jaI sWEffl¢nts in a¢¢otdsth¢e with opplicable law and United Kirt8thm Accountin8 Standard8 (lJnited Kingdom G¢nLYa]ty Acirytal A￿u￿1]n8 Prncticel. The law applicable to charitie8 in Ettg1at￿ & Wales Tequirts thtTrusw to prqw¢ finan¢i81 StyiaD¢nt8 for each financia] wthi¢h 8 tnle and fair view of the state of affairs of th¢ Trust and of its incomin8 Tesourtes and application of resourc￿ including ils in(y)m¢ and exp￿d)I￿r¢ for pui(Mi. Jn prcparing these financial a¥tLYJ]¥Jts, the Trust*s thErequirnJ to.. seleu suitable a¢countirJg wli¢ics and thcn apply than C4)nsiSt￿t]Y* obsctvr Ihc methods and prin¢ipks of th¢ Chariti¢4 SOIiP {FRS 1021; make judgmeTrts w)d accounting cs*imat<5 thai are reason&hle and prndu)r, stat¢ whethcr applicable UK A¢¢wntittg Standards IFRS 102) have b￿) followcd. subject to any m&trriai di￿105￿￿ atsd explaind in the finantial ststQnL￿ts. preparc thc fit)atKial statemajts on the going con(￿n basi8 it is itwwpri8t¢ to prwm¢ that th¢ Ttust wryll eontinue in ￿￿8]nts$ Pa8e4 The Hlllier Tru8t Trufjtees, Report (continued) For the Ye*r Ended 30 Jlllle 2Q24 Ststement of Trustees. reSp￿11b1]It1eS {¢•tt¢lDMed) Th¢ Truslccs arc responsible for keeping PTOPCT accounting records that are suifJcieJJt 10 show and ryilain the TTUSt'$ tranS￿￿On5 and dis¢los¢ with reason¥ble aLCLtr8Cy ¥t 8ny titn¢ the fin￿(La1 position of th¢ Trum and £mable them t() L))$ure that th¢ financial statLTnfflts comply wth ihc Charitits Aet 2011, the Charity (Accounts and Rwffs) R¢gvlations 2U08 and thr provisions of theTrnst d¢¢d. Th¢y ar¢ also TtsPOIb5ibl¢ for safegu8rdinK the asw$ of the TnJs¢ ond ha)¢e for tsking reasonable steps for the prev¢ntion and dct¢ction of fraud anrting framcwork that has b¢th appli￿ in their prq>aratLOII LS app1]￿bI¢ low and Uniied Kingth)m A￿oUnting Standards. including Fin8nfyll#l Reporting SLgndard 102 The Financial ReEthing Standard applinducted OUT audii in accordance with Int￿￿tional Standards on Auditing (UK) IISAS IUKII ¥nd appli¢thle law. Our responsibililics th05¢ Standards are fiJrth¢r dG5¢ribtyl in the Auditors, re8P0115ibiliti¢$ for the audht of th¢ fmottcial statemcnts se£iion of our rvport. W¢ are 1ndwend￿r of the chAriry in acLordan¢¢ with the ethical r4uirLYnents that r¢levant to our audit of th¢ financial $18teJTJents in the Uniied Kingdom, inGluding the Financial R¢porting Cowicil'8 Ethical and w¢ have fulfilled our othcr e*hii¥l raponsibilities in aceordan¢¢ with thwwuirements. W¢ believe that the audit ewida￿¢w¢ havr obtait￿l is suffi¢ifflt and appropriate to provide a Tr￿16 forour opinion. CoDdu$loJ)s relatlng to golDg colleern In auditing the financial stht¢rrwiw have ci)ncluded that the Trustees, usc of the going ¢(￿¢￿n Iw.% of a¢counÈing in th¢ PT¢P8rnti0 of the finanCia]5rat¢m￿t5 is appr¢)rrrigte. BAsal on the WOTk w¢ haV¢pthTll￿, we have not id¢ntified athy material uncal8intie5 relatin8 to cvcjjts or conditions thaL indiwdually or Coll￿tiVely$ Tnay cast Si8nific4nt doubt on the chaTity$ 8bility to continue a5 a going ¢ott¢¢rn for a period of at I￿¥¢ twelve n￿nthS from whffl the fjTthll¢io18tlltem￿ts are authoriseil for i¥¥u¢. Our T¢SFthsibilitie8 attd the r¢sponthl>iliti¢5 of th¢ TnJstCC8 with T￿ped to going toncern arg dwibed in th¢ rel¢vant s￿110175 of this Other Infor￿tIon Th¢ other infonnation LM)mpri5¢S the inftsrmation inCh￿C￿ in th¢ Annual report other than th¢ finJn¢i81 Si8tLYn￿lS and our Auditl)T5' rwrt ther￿n. The Trustecs are won$ible for the oth¢T inforttrnti(yn contained ￿rythin the Annual rep)rt. Our opinion OD th¢ fitbi￿¢1￿1 statettjcnts does not LX)ver th¢ othtt irtfomation and, cxt%pt to the eKtent othLYWJ￿ explicitly st4td itt our we do not ¢xprtSS I￿Y forni of &8surancc conclusioTL thmm. Ollr responsibility is to read the other iThfornution al￿, itl dvin8 $0. con5id¢r whether the r*hLY InfL￿allOn is m8t¢rially inc(￿555t¢￿t with th¢ finan¢iAI ststemct)ts or our knowledg¢ tsbthined in Ihc LX)urse of the audit, or otherwise ap]￿ar3 to b¢ mat¢Tially misstatelt If wc identify su¢h mKLteria] incollsi51etLCiPi or Jppor•Ji material mi$statem￿ts, we rcquired to d￿eThIn¢ whdh¢r this ¥iv¢s risy to a malrriai tni551ateJnthi tt) th¢ financial statemtt*ts themselvcs. It., ba5d the work we ha perfornK& we ¢onelude that there 18 a mat¢rial mi&8wonent of this other infomwtion, we atr requird to rqx)rt that tst. We ha￿ nothin¥ to rqM)M in this regard. Pag¢6 The Hlllier Trust Independent Audltors, R¢port to the Membv8 of The HIUler Trust (¢oitlnu¢d) MatteTS whIth we are required to report by txteWknD We huve nothith8 10 re￿1 in resp￿1 of the followinK rnatt￿ where the Charities (Accounts 8ttd Rep)rts} Reglllations 2008 ra]uires us to re[￿ to you if. in our opinion.. the infthmititi(>n giv¢n in the Tnjsteeg, rqJ(*t is incnnsisteiit in ony ¥nAtrriMI rtgp¢¢t th¢finaD¢ial $lat#ng1ts' or suffi¢iaxt attountittg r￿S havettot been kept.. or the flnancial staiejnents are t)ot in agr￿M￿lL wth the ￿cOUnting r￿8 and r¢wms' or we h&ve not r￿e1￿] all the lnfom]ati￿7 and explanations wewuirefor our audiL Responilbllltks of trn5tee¥ As explained morc fully in the TTh5tea8' T￿Y>D51b11ItIeS stat¢menL thc Trustccs arc rcsponsiblc for thc prcparatiim of the financial aleM￿¢S w4Jich give a t￿¢ and fair view, and for such inl¢rnal coThlrol a5 ihe Trust￿ deterniine is io enable the prqwauon of financial Ststcm￿ts that arc fr¢c frDm matcrial mi55tat¢mthL wh¢t￿￿U¢ to fraud oraror. In pryring the fuLanLial th¢ TTusli%¥ r￿pOn¥]ble for a55￿51￿g the charitys ability to coniinue as a going ¢otL¢¢rn, di￿10$1￿g. as &FT*licabl¢, m4tteTS Telated to going conrtrn and usipg the going basis of accounting unle55 the Trust￿ cither illt¢nd to li4uidat¢ the th¥Tity ¢)rtsi vpwgtivn¥ VT h*v¢ r¢ali¥ti¢ 41t￿natIV¢bUt to do so. Auditors, r¢spM¥ibllltles for th¢ #udlt Of th¢ fioon¢i•l stst¢rn¢4bts W¢ hav¢ Iw) ap￿T￿t￿ &$ auditor s¢£tion 144 of th¢ Charities Aa 2011 and r¢port in o¢¢ord4rt¢¢ th¢ A¢t ond T¢l¢vont gulwionsm?tk or havin¥ thrn[￿a. Our Dbjectivtts are to obtain regsonable aSSUrnThte about whether the financial st&tttrtents Ss tt whole Are frtt fro]n mtittti&l misgt&t¢tntht, whether dlle to frdud or error, allil to Audittrrs, reyort that Iti¢1￿ out opinion. Reasonable assurance is a high level of aSmTbn¢4 but is not a gbATaniee that an audit condutied in accordartce ISAS (UK} will always detect a mthrial misstat•Thent wh¢n it exists. Misstatements can ￿8¢ from frdud or error and are c4)nSIder￿ material 1£ individually or in the a88re8*e, they ￿ll1d rt&sonably beexp￿ted to influcn¢e the eco))omic decisions of usus laken on ihe basis ofthese finaneial statements. Irregulariiie& including frau& are in5tan(%8 of non-compliance wth laws and regulaiions. We design pr￿thres in line with our rcsponsibilities. outlined abov& to del￿1 material misslalvn¢ntS 111 ￿￿peLl of iTregularilie% iTrcludin8 fraud. The eXt￿t to which our proctdures are capable of deMing I￿¢gUI￿ritICS, in¢luding fraud is detailed below.. How rhe audii was co￿ld¢VEd ¢ap¢Tble ¢lk ddecting irreguthrigies, inc&th"ngfr4wd OUT aP]Mx)ath tri id¢ntifyng ortd &$8essiJJg the risks of material misststanent in of irregularitics, ith¢lllding fT*ud Ènd Thon- ¢y)￿P]i￿n￿ with laws and regU1￿lOnS, was as follows.. wc identiliul thc laws and rcgulalions applieable to the chariry thrw8h disc￿lon$ with Mana8eML￿l and from otsr Comm￿la] knowlLxJ8e and experience in the sl￿or. wc f￿used on specific law5 and regulaiioThs which weconsithred mayhave a dIr￿t marerial cftect on The accounts or the O￿atiOnS of the charity, including the Charities Aa 2011. w¢ assessed the exttnl of Wmpli￿ with th¢ laws 4nd r¢8ulation5 id¢nfLfi¢d atA)v¢ through making cnquiri¢s of managenKnt and insrttting corr¢spond¢nffj id¥ntifi¢d laws and r¢gulalivD$ WtT¢ ￿￿Uni￿allxl within th¢ audit tkWD and th¥tVWnranaiJ)￿ ¥l¢rt to ￿sta￿￿5 of -¢IKnplionce throughtsllt the audit. We as$￿￿ed the swtibility of thc charitys accounts to matcrial misstatemujt, includin8 obtainin8 an undwstandin8 of how fraud mighi oww, by: making enquiries of manaB¢meTht as to where th￿ considered there was susceptibility to fraud. the2r knowledge of actual, swectd and alleged frau￿. and considering the intcnial controls in place to mitigate risks of fraud and nunrfornplian￿ with laws and regulati￿& To addre55 the risk of fraud through ]nAna¥￿￿¢￿t bias and OVWTid¢ of ty)ntrvls, w¢.. p¢rforTnd anal)rtiral pro¢4lures to identify tsny urtusual or Unex￿￿1 r¢ltition%hips,' twtul jour5)al ¢ntii<% to id¢ntify unusu81 transa¢tio]ts' aS%esS￿ wh&her judgemenL4 and a8sumpii4)ns made in dLxc*minin8 the I¢￿untin8 o$iimates sei ihe accounting ￿11¢1&$ wcrc indicativc of potolual biag., investigaiegl the rdlional¢ behilld $ignificaDt orunusual transacti￿5. Pagc 7 Tbe Hillier Trust Indepeudent Auditors, Report to the Members of Tbe Ilillier Trust {eontiuued) kn rviwnse to the risk of iryegularitias gnd non￿1)MPlIanC¢ with law5 rwlations, w¢ desist￿1 procedures which includgj. wtre ot limitLuJ ￿.. agre¢iTJg finan¢iaJ 51atunwt di5d05urcs to supwrting thxumenthtson. rewjing minutes of rne¢tings of thosc that8￿ with govLUn￿¢¢. attd ¢nquiring of as to acmal and poiential liiiwion and clairns. A fiIrfh￿ thsrriptioD rf oyr rc6p)nsibilitie8 tor the audit of the fiftanciaj statrmthts is locAtd ot) thc Finathcia] Rq￿Ill8 C￿ncl],S w¢bsit¢ It.. WMryV.fir.o uklaudirorsres nsibilities. Thi5 de￿iptIon pth of vur Audi￿￿, rq)o Other m•tters In thc ycar to 30 Junc 2023 the ¢h￿tabl¢ eomp4Lny WÈS not subject to audit und￿ the CThatities Ad 2011. Th¢ r¢8uIts disclosed in finallJ¢ial strdt¢rtKnt5 th¢rfoT¥ pr￿￿ted unaudit&J. Useof report This rwLTrrt is m&d¢ ￿]elY to the eharitys truMees. as a bLwty. itl acwrdaThc¢ ￿tkn Part 4 of th¢ ChaTitiu (Actounts and Reports) Regulation5 2008. audit WO￿ has undertaken .w that we might stat¢ t() the chArityB tnLStces those mattLYS wc ort requircJ] to %t&te io in an Auditors, report and for no otha pu[Fx>￿. To th¢ fvll¢si ¢xt•Ji pemiiited by law, we do accept or as5UTll¢ respotiSLThility to anyone othw than the charity and its trust(%4 ￿ a i￿, foT our Judit WOtK for this rep)rL or for th¢ opinion5 we hav¢ fom)ed. UHW CLAL UHY Hacker Y￿U￿1 Chartered AccLkuntants" ThamL7 House Sittingknurn¢ ME104BJ 19 Mi)rch 2025 UHY Ha(&tt Young ar¢ di8ibl¢ w a¢t a8 auditor8 in te4yns of section 1212 of thecompanies Arf 20(kS. Page 8 Tbe Hiuier Trust Statement of Ilnanelal aetivities For the Year Ended 30 June 2024 Unrestricted funds 2024 Total funds 2024 Tolal fvnds 21123 Note IDcume frorn: Dtynalions athd le88¢iL Invests))ent8 1.900,360 50J84 1,900,360 50.384 5J,gJ7 Trtal iDcome 1,950,744 1,950.744 51.917 Expendltllre oll: InV¢stm￿t Tnanag¢mc￿t cost5 Ch8ritable drtivities J7,170 275.755 17,170 275,755 17.539 301,891 T•tal expeDditur¢ 292,925 292.925 319,430 Trlet Intomellexpenditure) before Iiet K•ltt8 Invuememts Net 8ains on ittvestmojts 1,657,819 328,879 I,t557,819 328,879 Q67,513) 86.575 Net movement in fumds 1.986.698 1,986,698 (J80,938J Re£ontili&tion of fullds: Tot￿ fundsbrought forward Net movemerkt in funds 2,906.305 1.980.698 2.906,305 1,98h,698 3,087.243 (J80,Y38J T(*41 [￿n￿$ ￿rrIed fonvard 4.893.003 4.893.IX)3 2.906.305 Th¢ Statcmfflt of Financial Activitie5 includes all ￿1￿$ and10s$¢5 r¢cognisry] in the yw. The nows on pag¢s 12 to 19 forni part of these fmallcial St&t￿¢nts. Page 9 The Hillier Trn8t Balance Sheet AS al 30 Julle 2024 2024 2023 Flxed assets In￿stma)￿ 2,878,709 2,793,t58J Currat asset D¢i*ors 10 1,900,360 125,878 Cash at batlk in hand 120.2JO 2.026,238 120.2JO Creditors: amouthts falling due within one year 111,9441 17,586) ¢urreDt assets 2,014,294 112,624 TotAI net a55ets 4.893.IK)3 2,900.305 Clwity fuDI15 Utlrtstricttd fijnds 13 4.893.OQ3 2.906.305 Totsl funds 13 4.893.003 2.906.3Q5 Th¢ finan¢id $tat¢ments wereapproved aDd auth(Ki5ed for i$9ue by th¢Tn￿ttt$ qnd si8nd on their behalf by. ADtbony Johh Hfllfer Dat&14 March 2025 The notes on p&g¢s 12 to 19 fonnpart of fin3nGial statements. Pag¢ 10 The Hilller Trust Stitement of Cash Flow$ For the Year Ended 30 June 2024 ID24 2023 Note C4sh flowi from op¢ratlDg adlvitles 15 1288,568) (319.701) Cosh flowB from ljkvtstlng #¢tivitie5 Dividcnd& interasts and from inv¢s¢mthtS Fr(￿e￿I$ from sal¢ of inv¢btm¢nts Purchase of inve8tm&t$ 50.385 667.￿)3 1419.705) 51.917 284.918 (38,044) Net ¢•5b pr¢Jvidul by IlnaTrtlng 8¢t1￿tI 298,583 298,191 Ch*n8e lth c*sh *Dd tasb equlv2lents In tb¢ yelr 50,015 {215701 Clsh and L&sh e4uivRl¢nts at th¢ b¢ginning of the y 127.874 J49,444 Cwh #ttd cash equiwakmts at the end of the year 16 137,889 J27,874 The notes on page5 12 th 19 forni part of the* finan¢ial slat￿)￿1$ Pagell The Hillier Trust Notes to ¢h¢ Financial Statements For the Year Ended 30 June 2024 1.1 Ba￿5 of preparatlon of nnauelal $t4¢¢nwits Thc financial statcm¢nts hav¢ bc¢n prtPSTth in Aee4xd8nee with the a)ariti£% SORP IFRS 102) - Arrounting Reponing by CharitL¢S.' Statement of Recorn]neJ]dcd P￿ttl¢¢ applicable to charities preparing their wcounts in at¢ordaThce with ihc Financial Rcwrting Stthdllrd applicable in the UK and Rcpublic of Ircland (FRS 102) {¢ff¢rtiv¢ l )aDUary 20191, the Fi]wJciul R¢pvrtin¥ StaDdard appliublr in the UK and Rq)ublic of Ireland IFRS 1021 and theajarities Act 2011. Th¢ ffir￿n¢l￿ sLiteM￿ts have I￿) prqmr￿S to give a Irue aDd fllie vi6w and have fmm th¢ Charities (Aceouttts ynd RwoTtsI Regulations 2W8 on￿Y io the extent requird to pro￿de a faiP view. This dry￿rt￿re has involved following tht ChaTiti¢S SORP {FRS 102) published in O¢tobtr 2019 rothtr than the Accounting and RqN)rting by Charities: Statement of Recommended Plxticc dT¢rtiv¢ fr￿1 l April 2￿￿3 wht¢h since been Mihdrdwn. The Hillier Tnjst meets the d¢finitii>n of a wblir ba)¢fit qjlity uud¢r FRS 102. A&*ts and liabiliti&s are initially rca)gni8ed athistoricaj cost ortransll¢tion volw Unle￿ othffjvise stated in the tElevallt accounting wlicy. 1.2 Golng concerJL The tTUSte4s ha￿ asSe￿d￿￿ethtrthc use of going L¥TrllcÉaD is app￿￿late i.e. wlKthef thcre are any Tha¢￿14] uDc¢rt8inti t¢lat¢d to ¢vats or rondilions thai may ¢￿t Si8nifie4nt doubt on th¢ ability of the tnJst to continue ￿ a goiTJg concern. Thc trnst¢C5 mak¢ this ass￿31￿￿)¢ in Ytwi of a pwiod of 8t least oneyear from the date of allthtiri￿tI0rt for issue of th¢ finanti8] st*mo1ts. Th¢ ￿0v￿lS hav¢ prepar￿ under the g(Mng con¢em l)asis th¢ tru$t has a st￿lficall1 level of resuve5 which c continue to support the tmsi forthc foreseeabl¢ futur IJ Income All income is recognisvj once ihe Trust has entstlemenl to the iiicome, it is pJY)bablc that the incom¢ will be received and the amount of Incon￿ reccivable c4n b¢ mcasurul reli8bly. IA Expend(tur Exp¢nditur¢ is r￿gnISed On￿ thw¢ i$ a legal or constrnaiye obligation ro traTh5fer economic b¢n¢fit to a third pty, it 1$ prol￿ble that a tranrf¢T of *Yin(Kni¢ bo)efiis WAII be rquired in satlem￿l and the amount of the obligatioll caD bE reliably. Exp￿dItUre is classificd by activity. Thc costs of 4r¢ m&d¢ up of the totAI of direct COSL8 #Trd Shar￿ LOSt4 in¢luding support costs involved in undertoking rdctl activity. Dir￿¢ cos15 8tthbutabl¢ to a single activity are allocala] directly tD that activity. Shared costs which ¢ontribvt¢ to mor¢ thon one trtd support costs wthich are ot attributthle 10 a single activity ap[￿loned b&We￿ thos¢ activiti% (K] 8 ba$i$ eonsisieni with the use of resour￿& Central staff costs are allocated on the basis of time sp2nt, and dcpitciation charges alloc8ted on the portion of the ￿5¢t,$ Expenditure on raising fi￿d$ irL¢lud¢5 all ¢KIK￿dItu[¢ incu￿1 by th¢ Tn*t to raise funds for its charitable p￿F￿￿5 Rnd includes costs of all fuTrdraisiDg artivities events artd non-tharitable tradin& Expenditure OTh chaTitabl¢ ￿tivIti￿$ is 00 direaly undertsking the xli￿tieS thich furth￿ th¢ TTUSt'$ obJ￿¢]v* &$ well as w)y as5QCiatd support CQ5 All ¢xpthdiWr¢ 1$ in¢lu$ive of ]r￿0V￿able VAT. l.S Inves¢tn¢rtt$ Fixed asset invtsttnents are a forn) of fil￿)Cial instrnm¢nt and initially r¢¢ogniwJ at their ttw)saclion cost and subsequently me&sured ai fair value at the Balance 5he¢t dat¢. wil455 th¢ v0]ue cannot be rne*%ured reliably in whieh case il is ￿￿uled at Cost impalm￿l. Inv¢th￿r gain$ 8rtd loss(s. whrther wli*l or wy¢8]iS￿l. are o)Jnbined and presented as.Gain￿(LO5seS) on inveslm¢nl5' in thc StatqTr¢nt of financial actiwties. P8g¢ 12 The Hillier Trust Notes to the Flnaneial Statement5 the Year Ended 30 June 2024 Accountlng wmeles (contlnued) 1.6 Dtbt4)rJ Trdd¢ and othLT d¢btor¥ ar¢ recognised at the settlement amount after atly trade dis¢wnt offw¢d. Prepa)ryneThts are valued at the amollnt prwid net of any trade discounts due. 1.7 FID•n¢ial bn$trumeDts The Trust only has fkn8nci81 a55Cts and financial liabilitifs of a kirtd thot qualify as basic financial instrumthts. Basi financial inStrum￿lS are initially recognisul al ttansaLtion valu¢ aud sub¥¢qu¢ntly rn¢asuroJ at their settl&ntt)t value with tht eXc￿li0n of bank loans whith Jr¢ $ubs¢qv￿t1Y rneawr&l atOTtM)rtised w5tusing theeff￿tIve inter&st mL#h(KJ. I￿ Fund Jteoulltlng General fijnds are unrestricted fund8 whith are available for uf* at the discretion of th¢ ThJ$1¢¢8 in fvrtherance of the generdl obieclives of th¢ Trwst and wllith have rLOt been designated for othcr pUry￿e Invtstment income, 8airts Èrtd losw allocatd to the appropriatc Inwn¢ doDAtloDi leg#ties Unrestrlrted fundB 2D24 Tot•1 futhd$ 2024 Toi&l fynds 2023 Donations ,900,36a 1,g)oJ( Investment iDt•m¢ UnreatrJrt¢d Dds 2024 Tot•1 fuDds 2024 fvnd3 2023 Incomefrom IisE*J Investh￿ts 50.384 50.384 51,917 Toto12023 51,9J7 51,917 Pag¢ 13 Tbe Hllller Trust otes to the FiDancial Ststement5 For the Year Ended 30 June 2024 Inwesttneni DTrAllageDWIt co Total fllDds 2024 Tolal fvnds 2Q23 funds 2024 Investmen¢ ]w)agemeni fees 17,170 17,170 17,539 Tolu12023 17.539 17.539 AD8lys15 of txpeDdltsre by thities Total funds 2024 Toiél Grants p4ld Support ¢osts 2024 2024 2023 aritable adiwties 267,482 8,273 27S,755 301,891 Tolo12023 297.346 4.545 301,891 AD•ly8Rs of Jupport Tots] Activitie% fvnds 2023 1024 2024 Acc4)unting fee5 B8nk tharg Indepthdent vkaminauon fees AuditOTS' Tonuneration 2,732 21 2.732 21 3.234 1.273 5,520 5.520 8,273 8.273 4,545 Toiol 2023 4,545 4,545 Pag¢ 14 The Humer Trnst Note8 to the Firtanci81 Staternents For the Year Ended 311 June 2024 An*lysls rfgrgxts paN1 iti tbe year U￿r¢Stricted fluds 2(124 Toial fuDd5 2024 Toiol fvnds 2023 A¥¢ UK Amos Trust 1.500 8.(H)O 4,(K)O 5.(K>O 1.500 B￿ChY Hcad thaplaincy Bril School Brosdale Q>lltttions Ce]ebration Chyrth Christian CA)ncffl? CoDgo Action CrfFssline Lli8nity Freed0MNeNo￿ UK EmbrkKe the Middl¢ Ea51 EvatLg¢lical Alliance Hivc In*rnaiioTha] Ne• 10.000 5.(M)O io,(K>o 2,000 1,500 10.000 10,(M)o 1.500 iO.(MK Jo,000 05,QOO 1.846 iu,(Kpo 1,846 io,noo 36,636 4.000 iO.(KK) 36,636 MGGS Ikvelopmot TTU5t Nova Grace Saf¢ ArLatsth¢sia Worldwide Salvation Army Shakesr*are UnBard The CyLle IINGOI The BinnillghattL City Mission Th¢ Family Trust 4.O¢MJ 1,500 1,0 4,0(K) 2J 155.( J.51PO I,U(K> 4.0(K> 25(K) 155.000 165.000 TotAI 2024 267,482 267.482 297.340 Audll4)rs' r¢m¥n¢rith 2024 2023 Fw payable tD the Tru5es auditor for th¢ audit of the Tn￿t'S arllJua] accouDts Pe￿paYable to the Tnjstrs auditor in resp￿1 tsf.. All non-audit s¥vi4w nvt in6lUd￿ abov 5,520 2,732 4.507 Page 15 The HillSer Trust Notes to the FID*nclal Statements For the Year Ended 30 June 2024 Tr￿￿tel. reElluDeTatlon and expmses During the year, noThi&*¢csrtteived any rffl?uneratiiJn pr othff benefits {2023- £NIL). During they¢8r 30 June 2024, 00 TNstee vApeD%5 hav¢ b¥cn inwrrul {2023_ £NJL). Fixed ￿¢1 Inv¢Mm¢xts Cask beld by PDrtfolio mallog¢r Llsted IDveMments At l July 2023 Addilions DisK*)sals Rev8luations 2,786,017 419,705 (667.903) 328.878 7,664 716,243 1436,8951 2,793,681 l.135,948 11,104.798) 328,878 {275,000) TTansf¢¥5 b¥LW¢4J t]4 (275.¢￿} At 30 June 2024 2,866,697 12,012 2.8711.709 The book cost of list￿ inv¢Stm￿t5 held by theTYust &8 at 30 June 21724 totalle4J £1,775,9211 {2023.' £1,917.023). The wtfolio contains the followiJJ8 inv£51metLts.' 2024 2023 Jxed Intertst 186,846 288.696 lJ28.999 671,952 390,205 234.980 37P,Ot54 J,149,998 509.258 452,717 7.064 lis￿ UK quiiies Listd Int[￿￿tional equities Bothdx Gilts Tcnn dwits and o15h 2.878.709 2. 793.081 io. Debtors 2024 2023 D￿e on• ymr A£(zu￿1 in¢ome 1.91M)J60 Page 16 The Hllller Trnst Iyotes to the Finaneial Staternent8 For the Year £nded 30 June 2D24 ii. Credltorj: Amoullts fllllng dDewithin thie year 2024 2U23 Aeeruals and dEferred income 7.J86 12. Fkngn¢tsl ID$trym¢llt$ 2024 2fP23 Finatt¢ial #ssets m¢8sured ot fait va]u¢ through illfQTn¢ ￿penditUre 3,004.586 2.9J3,89J FinaoGial a5s¢ts mr45ured 4t fair value through incon￿ and ￿pendItuTe conwi5e of ILSted invfstmcnt5, includin8 c&sh held by th¢ wkrtfolio monagtr behalf of theTru5t. and othu cash balaft￿. 13. St8tementof fundB S¢•t¢DRnt of fullds- eurrellt year Bglance at I July 2023 Galth￿ Balantr xt 30 (L￿se$) JU￿¢ 2&24 Income Eipendlthre Unreitritted funds G¢neral Funds 2.906,305 1,950,744 (292,925) 328,879 4,893.003 Sta*m¢Dt of prlor y¢ir Bolonce f The Fomily Trust thrtsughout the finan¢Tal year. At theyw end therewere no l*l&nces rnitstonding with theThisl. During theyear. the Trnst made charitable grants totilling LNÉI {2023.. £10.(M)O) tts Brogdale Colltttions. A J Hilli¢r servd as a Tru$￿ of Bro8dal¢ C