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← The Homity Trust

2024-04-05-accounts

Trustees’ Annual Report for the period

From 5/4/23 Period start date To 4/4/24 Period end date

Charity name: The Homity Trust

Charity registration number: 1155479

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 To relieve financial hardship within Sussex,
UK
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		 Small grant provision to local community
groups.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 No

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference
Para 1.38
Policy on grant making
Para 1.38
Policy on social investment
including program related
investment
Para 1.38
Contribution made by
volunteers
Other

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 Trusts main focus post COVID is to
assist those registered local organisations
in supporting communities most affected by
the ongoing the Cost of Living crisis. This is
primarily food shortages, homelessness,
energy poverty and mental health and
carer issues. We provide funding to help
deliver these services to the most needy
sectors through our tri annual grants
meetings. Our small grants help make a big
difference at ground level.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 In line with expectations, our fund will
slowly erode as Trustees have committed
to uphold granting levels.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 Trustees have approved the cash. Holdings
in high street banks, our main investment
fund and single commercial property
ownership.
Amount of reserves held Para 1.22 c.£500k
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 The charity has an annual review of
expected longevity allowing continued level
of funding going forward.

Additional information (optional) You may choose to include further statements where relevant about:


The charity’s principal
sources of funds (including
any fundraising)
Para 1.47
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Trust deed dated 3/12/13
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 A charitable 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 Appointed by existing Trustees and
Manager.

Additional information (optional) You may choose to include further statements where relevant about:


Policies and procedures
adopted for the induction
and training of trustees
Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

Charity name The Homity Trust
Other name the charity uses N/A
Registered charity number 1155479
Charity’s principal address 139 Ditchling Road
Brighton
East Sussex.

Names of the charity trustees who manage the charity

1
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20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled to
appoint trustee (ifany)
Ella Macpherson Trustee
Justine Cobb Trustee
Marcus Pescod Trustee

– 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
Ella Macpherson
Justine Cobb

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

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

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) Position (eg Secretary, Chair, etc)

Date

1155479

The Homity Trust

Receipts and payments accountspts and payments accountsts and payments accountspayments accountsayments accountsyments accountsments accounts

Receipts and payments accountspts and payments accountsts and payments accountspayments accountsayments accountsyments accountsments accounts CC16a For the period Period start date Period end date To from 06/04/2023 05/04/2024

Section A Receipts and payments

Unrestricted Endowment Restricted funds Total funds Last year funds funds to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £ A1 Receipts Investment Income 12,733 - - 12,733 5,517 Bank Interest 1,164 - - 1,164 57 Rental Income 15,476 - - 15,476 15,316 - - - - - - - - - - - - - - - - - - - - - - - - - Sub total (Gross income for AR) 29,373 - - 29,373 20,890 ~~==5S===~~ A2 Asset and investment sales, (see table). Investment Sales 182,825 - - 182,825 58,807 - - - - - Sub total 182,825 - - 182,825 58,807 Total receipts 212,198 - - 212,198 79,697 ~~=SSS5=~~ A3 Payments Legal Fees - Accountancy Fees 1,800 - - 1,800 1,800 Investment management fees 9,247 - - 9,247 7,635 Donations 59,722 - - 59,722 48,614 Administration Costs 28,770 - - 28,770 29,059 Office Costs 1,076 - - 1,076 2,070 Costs re rental property 432 - - 432 - Travel & meetings 3,667 - - 3,667 950 - - - - - Sub total 104,714 - - 104,714 90,128 ~~22-8~~ A4 Asset and investment purchases, (see table) Investment Purchases 12,357 - - 12,357 27,271 - - - Sub total 12,357 - - 12,357 27,271 0 Total payments 117,071 - - 117,071 117,399 ~~=SSS==~~ Net of receipts/(payments) 95,127 - - 95,127 - 37,702 A5 Transfers between funds - - - - - A6 Cash funds last year end 28,150 - - 28,150 65,852 Cash funds this year end 123,277 - - 123,277 28,150 Section B Statement of assets and liabilities at the end of the period ~~=—>>>—>~~ Unrestricted Restricted funds Endowment Categories Details funds funds to nearest £ to nearest £ to nearest £ B1 Cash funds Bank Accounts 123,277 - - - - - - - - Total cash funds 123,277 - - ~~===~~ CCXX R1 accounts (SS) (agree balances with receipts and payments account(s))1 OK OK 29/11/2024OK

CCXX R1 accounts (SS)

Signed by one or two trustees on
behalf of all the trustees
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use		 Details
Investments at stockbrokers
Investment property
Details
Details
Details
Signature		 Unrestricted
funds
Restricted funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Fund to which asset
belongs
Cost (optional)
591,399
340,000
-
-
-
Fund to which asset
belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
-
-
-
Print Name
~~Ella Macpherson~~		 Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
521,036
350,000
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of approval
~~Ella Macpherson ~~ ~~Ell Mh~~
~~a acperson~~ ~~Nov 29, 2024~~
Ella Macpherson (Nov 29, 2024 14:54 GMT)

CCXX R2 accounts (SS)

29/11/2024

2

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of THE HOMITY TRUST On accounts for the year ended 51412024 Charity no (if any) 1155479 Set out on pages 1T02 I report to the trUSt￿S on my examination of the accounts of the alx)ve charity (Ihe Trusf) for the year ended 0510412024. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordan￿ with the requirements of the Charities Act 2011 (Ihe Acr). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have follow￿ the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confimi that no material matters have corrE to my attention (other than that disdosed below ") in connection with the examination which gives me cause to believe that in. any material respect: accounting records We￿ not kept in accordance with section 130 of the Act or the accounts do not W)rd with the accounting records Independent examiner's statement I have no cOn￿mS and have come across no other matters in connection with the examinalion to which attention should be drawn in order to enable a proper understanding of the accx>unts to be reached. . Please delete the words in the brackets rfthey do not apply. Date: Signed: zoz Name: MARGARET CODY Relevant professional qualification(s) or body (rf any): Address: 19 HIGH STREEf OVERSTRAND NR27 OAB IER October 2018