Green Hill Trust Accounts for year ended 5 April 2023 GREEN HILL TRUST TRUSTEES REPORT AND ACCOUNTS YEAR ENDED 5 APRIL 2023 Charity Registration Number.. 1184437 1 |Page
Green Hill Trust Accounts for year ended 5 April 2023 CONTENTS: Report of the Trustees Statement of Financial Activities Balance Sheet Notes lo the Accounts 7-10 Independent Examiner's Report 11 21Page
Green Hill Trust Accounts for year ended 5 April 2023 REPORT OF THE TRUSTEES FOR YEAR ENDED S APRIL 2023 The Trustees present their annual report and accounts of the charity for the year ended 5th April 2023. Charity Inlom)ation Green Hill Trust was regisleled with the Chartty Commission on 16 July 2019 as a Charitable Incorporated Organisation ICIO}, registered numbef 1184437.11 was converted from an unincorporated trust under the same name which was originally fom)ed by Declaration of Trust on 26 January 1981. Truste98 Rosalyn Allen Andrew Brown David Green Peter Hamilton Daniel Reilly John Shepherd Garelh Williams (from 20 March 20231 Chair of Trustees Treasurer Ito 20 March 2023) 110 20 March 2023} Secretary {from 20 March 2023) {10 20 March 2023} Prlnclpal Addre•• 4 Bolley Road Chesham HP5 1XG Bankor8 Natwest Oakfield Corner, Hill Avenue Amersham HP6 5BU Ind•pondent Examlnor Adam East ACA Azels, Suites B & D Burnham Yard, Beaconsfield HP9 2JH Stru¢turgJ governance and management The principal objects"ve$ a the relief of poverty. advancement of education. advancement of the Christian religion and any other purpose beneficial to the community. Under the requirements of the constitution every trustee musl be appointed for a lemi of three years by a resolution passed by the existing trustees. All trustees are familiar with the practical work of the charity and are encouraged lo be Involved with the on-going work of the charity. Publlc beneflt The Trustees have considered the Charity Commission's general guidance on publie benefit when reviewing the Trusvs aims and objectives and in planning future activities and setting the grant making policy for the period The Trustees have. in their view, mel the public benefit requirement by making grants lo individuals and institutions who are ab to further the chanty's objectives. Revlew of maln achlevements In the perlod During the year the charty was able lo make a surplus. provide grants and repay some of the loans. On 21¥1 February 2023 the Trust c(4npleled the wuisition of a plot of land (allolmentsl al Wey Lane, Chesham. 31Page
Green Hill Trust Accounts for year ended 5 April 2023 Financlal review There was income totalling £188.17412022.. £309,084) which enabled grants to be made and still result in a surplu$ for the year of £94,59912022.' £231,285}. Some of the loans were repaid in the year leaving a balan¢e of £485,00012022". £505,000) and a loan was made in the year resulting in £103.030 {2022." £Nill being due lo the charity al the end of the year. Re88rve8 At the year end the charity had reserves of £557.727 {2022-. £463.1281. A large amount of the assets held by the charity are in property with £936.68512022". £946.2861 held at the year end. Cash reserves at Ihe year end are £1,62512022. £20,455) which is considered sufficient to meet oulgoings as they fall due. The reserves policy is lo increase reserves over lime to pay off the loans used lo acquire the properties and to build reserves for future projects. Golng Concern Having considered the liquidity oflhe charity the Trustees have a reasonable expeclalion that the charity has adequate resources to continue for the foreseeable future. The charity therefore wntinues to adopt the going concern basis in pieparing the financial slalemenls. A8808smont of Rlsks The Trustees have examined the major risks that the charity faces and confirm that Systems have been established so that the necessary steps can be taken to lessen Ihese risks. Future Plans The plan for the future is lo raise donations lo pay off more of the loans which were fequired lo purchase the propeTty lo accommc¥Jate the ministef of Hope Church Chesham. Statomgnt of Trustg9$' Rgsponsibilitl88 Charity law requires the trustees lo prepare financial statements for each financial year. which show a Iiue and fair view of the slate of affairs of the charity, and ils financial a¢tivitse$ for that period. In preparing those financial statements, the trustees are required lo.. select suitable OUntIng policies and then appty them consistently. make judgments and eslimales that are reasonable and prudent., stsle whether applicable accounting standards and ststements of recommended prxlice have been followed. subject to any departures disclosed and explained in the financial $lalemenls'. and prepare the financial statements on the going concem basis Un$S il is inappropriate to presume that the chanty will continue in operational existence. Ll and signed on their behalf by-. And ew Brown Chair of Trustees 41Page
Green Hill Trust Accounts for year ended 5 April 2023 STATEMENT OF FINANCIALACTNITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT 2023 2022 Note 2a 2b 2c 2d Income from donations and lega¢ie$ Ineome from charitable actsviti.es Investment incorne Other Income Total Income 165,000 20,144 3,030 298,875 6.989 188,174 309,084 RESOURCES EXPENDED Expenditure on CharFtable Ac¢ivilie$ Totsl Expendltur• 93,S75 93.575 77,799 77,799 NET INCOME 94,599 231.285 Surplus fvnds broughl forward 463,128 231,843 SURPLUS FUNDS CARRIED FORWARD 557,727 463,128 The notes at pages 7 10 10 fomi part of these accounts. 51Page
Green Hill Trust Accounts for year ended 5 April 2023 BALANCE SHEET 2023 2022 Nole FIXED ASSETS Tangible assets 936,685 946.286 936,685 946,286 CURRENT ASSETS Debtors 107,905 1.625 4.875 20,455 Cash in bank 109,530 25,330 Creditors falling due wthin one year 13.4881 113,4881 Credllors falling due In more than one year {485.0001 1495,0001 NET ASSETS 557,727 463,128 FUNDS: Unre8lri¢led Funds 557,727 463,128 TOTAL CHARITY FUNDS 557,727 463.128 Appro ed by the Trustees on an*J Signed on their behalf A8ro Ch81 of Tru$lee$ The notes 81 pages 7 to 10 fom part of these accounts. 61Page
Green Hill Trust Accounts for year ended 5 April 2023 NOTES TO THE ACCOUNTS 1 Accounting Policies lal Basis of preparation and assessment of going concern The financial slalemenls have been prepared in accordan wtth the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance wrf(h the Financial Reporting Standard applicable in Ihe United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. The financial slalements are prepared in sterling, which is the fun¢lional ¢urren¢y of the Charity. Monetary amounts in these financial statements are rounded lo the nearest £. The charity conslrtules a public benefit entity as defined by FRS 102. The finan¢ial statements have been prepared under the historical ¢osl Convention. Ibl Fund8 8twcturo Unreslricled income funds comprise those fvnds whth the Trustees are free to use for any purpose in furtherance of the charilable objects. {Gl Income rocognltlon All incoming resources are re¢ogni5ed once the charity has enlillemenl lo the resour¢es, il is ¢ertain the resources will be received and the monetary value can be measured with reliability. Idl Expendlturo ro¢¢gnltlon Liabilities are re¢ogni$ed as expendrture as soon as Ihere is a legal or ¢onslru¢live obligation Committing th8 ¢harily lo that expenditure. il is prc4)able that settlement will be required and the amount ol the obligation can be measured reliably All expenditure is ac¢ounted for on an accruals basis. Grants payable are payments made to Ihird partie$ in the fvrtherance of the charitable objects of the ¢harily. In the case of an un¢ondrtional granl offer this 1$ *¢rued once the recipient has been notified of the grant award. The nolificalion gives the recipient a reasonable expectation that they will receive the grant. Grants awards that are subject to the reeipient fulfilling perfomiance conditions are only accrued when the recipient has been notified of the grant and any femaining unfulfilled condition allaching to that grant 1$ outside of Ihe ¢ontrol of the ¢harity. ProviSn$ for grants are made when the intention lo make a grant has been ¢ommuni¢ated lo th& recipient but there is uncertainty as to the timing of the grant or the amount of grant payable. (91 Irrocovgrablg VAT Irrecoverable VAT is charged against the expenditure heading for which st was incurred. If) Flxed Assels Fixed Assets are measured al cost less accumulated depreciation. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Land Freehold buildings No depreciakn'on SO years straight line 71Page
Green Hill Trust Accounts for year ended 5 April 2023 Igl Debtors Debtors are recognised at the settlement amount due or income amount accrued nel of any discounts due. {hl Credltors Creditors are recognised al their settlement amount after allowing for any discounts due. 2a Income from Oonatlons and Logacles 2023 2022 Donations including tax recoverable 165.000 296 87S 2b Income from charltable actlvltS88 2023 2022 Rental property income 20,144 2¢ Invè8tmènt In¢omo 2023 2022 Interest Income 3,030 2d Othor In¢omo 2023 2022 Profit on disposal of fixed assets 81Page
Green Hill Trust Accounts for year ended 5 April 2023 Analysis of Charitable Expendlture 2023 2022 Grant$ 65.000 9,601 13,950 916 4,069 39 52,875 8.100 11.820 4.981 Depreciation Interest on loans Direct costs incurred on rental property Legal and professional fees Bank Charges Total 23 93,575 77,799 Staff & Tru8tee8 The Trust has not employed any staff in the current or prior years. The duties have been undertaken by the Trustees. No remuneration or expenses were paid lo any trustee lor their ¢onnected parties) during the current or prior year8. The lolal amount of donations recetved from Trustees and connected parties wa$ £100.000 12022.. £45,500). Al the year end there were unsecuied long term loans of£190,00012022.. £190,000) due lo the Trustees and connected parlies on which interest was charged at 3% tolalling £5.70012022.. £3,405). At the year end there were unsecured short term loans of £Nil12022.. £5.0001 and unsecured long term loans of £20,00012022'. £30,0001 due lo the Trustees and connected parties which were interest free. Flxod A88et8 Land & bulldlng8 Total Cost As at 6 April 2022 and 5 April 2023 960.033 960,033 Depreclatlon As at 6 April 2022 Charge for the period As at 5 April 2023 13.747 9,601 23.348 13,747 23,348 Nel 8¢)ok Value al 5 April 2023 Nel Book Value al 5 April 2022 936,685 946,286 936,685 946.286 91Page
Green Hill Trust Accounts for year ended 5 April 2023 Debtors 2023 2022 Loan Prepayments and acciued income 103,030 4,875 107,905 4,875 4.875 The loan 1$ un$e¢ured. interest is charged al 4% and the loan is due to be repaid in equal quarterty instalmenls from October 2023 to July 2028. As a result £89.790 12022.. £Ni511s due in more than 1 year. Analysls of Crgdltors Short term creditor5 2023 2022 Loan8 Accrua18 10.000 3.488 13,488 3,488 3,488 Long term creditor5 2023 2022 Loans 46S,000 48S,000 495,000 495.000 Short term loans are unsecured, inteiesl free and repayable on demand. Long term loans include £465,00012022." £465,000) which is unsecured, interest is charged al 3% and the loans are due to be repaid on or after 1 December 2026 (with 6 months notice period given at any point from this datel. Long terms loans also include £20.00012022.' £30.0001 whh are unsecured, interest free and with no repayment dale. 10IPage
Green Hill Trust Accounts for year ended 5 April 2023 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GREEN HILL TRUST I report to the Charity Iruslees on my examination of the accounts of the charity for the year ended 5 April 2023. Responsibilities and basis of report As the charity's trustees you are responsible for the preparatn of the accounts in accordance with the requirements of the Charities Acl 2011 I'lhe Act'}. I report in respect of my examinatN)n of the charity's accounts carfied out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under se¢lion 14515){bl of the Act. Indgpgndent examlner'8 8tatomant I have completed my examination. I confim) that no material matters have come lo my attention in connection with the eXaMinatn giving me cause to beIve that in any material respect.. a¢¢ounling records were not kept in respect of the charity as required by section 130 of the A¢t', or the a¢¢ounls do not accord wilh those records I have no ¢on¢erns and have come across no other malters in connection with the examination lo which allenlion should be drawn in Ihis report in order to enable a proper understanding of the accounts lo be rea¢hed. JLF Adam East ACA Azet$ Suites 8 & D Burnham Yard Bea¢QnSfId HP9 2JH Dale. 19 September 2023 11 |Page