Charfty No. 1205108 Kop Hill Charity Tru8tse8 Annual Roport and Flnanclal Ststements for the period endod 31 March 2025 Kop Hill Charity Contents Parlod ended 31 March 2025 Page No Charily Infomi8tion Trustees Report Consolidated Stalemont of Financial Activitle8 Con801idated Statement of Finanaal Position Con801idated Stslement of Cash Flows 8-12 Notes lo the Financial Stslements 13 Independent Financial Examiners Report Kop Hlll Charlty L8gal and Adminlstrative Infomiation Parlod ended 31 March 2025 Chorlty Objectlvos Throtjgh ownership of its subsidiary company Kop Hill Climb Ltd, the Charity raises funds for other local ch8rities and good ¢auses. Reportlng 8nlltle8 Kop Hill Charity CIO number 1205108 registered with the Charity Commission for England and Wa￿S Subsldiary company: Kop Hill Climb Limited Company number 9495670 registered in England Reglstsred Addross Bldslon. Valley Road Hughenden Valley High Wycombe Bucks. HP14 4PF Trusteos John W Biggs Sara Beaumont Harry Bounden Linda Cannon Clegg {Ch8ir of Tru$tea8) Iliam Pettinger FCA DlrKtors of Kop Hlll Cllmb Llmlted Shan Basford John W Biggs Sara L Beaumont Harry Bounden Thomas Dixon Barry J Marsh Iliam Pettinger FCA Page.. 1 Kop Hill Charity Trustees Report Period ended 31 March 2025 Trustees, rosponslblllties statement The Iruslees are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and Unrted Kingdom A¢counting Standards (United Kingdom Generally A0￿pted Accounting Practice). Introductlon The Trustees of Kop Hill Charity are pleased to Ixe88nt their first Annual Report and Finan¢ial Statements for the period ending 31 March 2025. The Charlty was registered with the Charily Commisslon on ￿ October 2023 and th18 report covers the Period from that date to 31 March 2025. No activities took place in the period from ￿giStration to 8, February 2024. On 81h February 2024 the Charity aquired the entire issued share capital of Kop Hill Climb Limited, a 1Smked company registered in England. Kop Hill Climb Limited runs an annual event In Sepl8mb8r each year. the surplus funds from which are donated lo local Gharit188 through ils parent ¢harity. The parent charity was previously Buckinghamshire Communily Foundation. Publle Beneflt The Trustees have pald due regard to the Charity Comm138ion guidanc8 on public benefit and bellev8 that by grant lunding the work of other local charities, they are providing a benefrt to the publi¢, Actlvltl Kop Hlll Charlty raises funds each year vith the objective of maklng grant8 to voluntary and communlty groups which are charltable in purpose and which are carrying out activiti&s or projects that will b8néfll resid8nts living within the Princes Risborough and 8Uffounding l¢)Gality. The Charity particularly prioritises.. Projecls which are aimed at addressing social isolation or deprivation. Projects whlch support Ihose with long-lerm or life-limiting diseases or condltlons. Projects which are new or exisling projects looking lo expand their reach. Structure, Govemanco and Managwn•nt The charity 18 a Charitable Incorporated (kganisatlon CIO. with Twstees appointed by trustees, and its governance is set out in it8 conslilution. Trustees meet at least three times per year with the prinaple objectives of: Reviewing th6 management and activities of its subsidiary company particulady in relation to matters of compliance and Health & Safety Agreeing the rJiteria for awarding its annual grants and subsequently approving the amount to be granted Signing off the Trustee Annual report and finanual statements. Page: 2 Kop Hlll Charity Trustses Report Period endèd 31 March 2025 Th8 management of the subsidiary company is delegated to its Board of Directors and the operating team members who manage various portfolios of activily, and the other volunteers who 8UPPOrt the event. Voluntsers The Truslees, Directors, Portfolio holders and all parties who contribute to the event are volunteers. The charity has no paid staff. The Kop Hill Climb event involves up to 200 volunteers over one weekend and the Trustees are immensely 9raleful for the work of these volunteers most of whom come from the local community. Achlevemont and Performan¢e Kop Hill Climb Limited has njn the Kop Hill Climb event since 2015. Surpluses are gifted to its Charity owner for distribution to local causes. The Kop Hill Climb event in 2024 was the company's b88t year ever and a total of £125,000 was donated to local charitles. A further £7,500 was pald to local charities lo recognis8 support for Ihe event in providin9 volunteers. Grants The Charity malntalns a strong relationship with Buckingham8hir• Communty Foundation, the previou8 owner of Kop Hill Climb Ltd. and utilise8 the expertise of Buckingham8hire Community Foundation to evaluale grant appli￿110nS. perfomi due diligence checks on their activities and a180 sub88quently monitors th8 use of funds. A grant approval panel. consisting of Truste&$ and invited experts from Buckinghamshire Community Foundation r6vi&w applications lo detemiine their merit in relation to the criteria prevlously published. Flnanclal Revlew The trading performance of the subsldiary company was very strong, enabling the allocation of £125,000 in grants. Th8 consolidated balance sheet at the year-end shows nel assets of £53,211. The Trustees consider bolh enlilies are financially sound and able lo continue to operate as going concems for the foreseeable future. The Charity does nol hav8 any invèstmerts, although it does place surplus funds on deposit wllh Its bank when Ihe opportunity exists. Reserves Reserves at £53,211 are higher than planned and the policy of the Trustees is to relain approximately £45.000 lo ensure finance for the following year. Any surplus above this amount is transferred under Gift from Kop Hill Climb Limited to Kop Hill Charity and Ihen used for grant awards. Page.. 3 Kop Hill Charity Trustee8 Roport PerSod onded 31 March 202S Rlsk Risk assessment and the miligation thereof is primarily the responsibiltty of the limited company Board and there is a formal sign-off of ils annual event in which the major risks and appropriate miligalions are reviewed and any additional actions are agreed. The Trustees monitor the major ri8k5 to which th8 Charty and ils trading subsidiary are exposed and P8rform an addilior)al review. Th8 followln Risk Weathar are consldered to be the a¢1 Adverse weather on the annua5 hill limb event has the potent181 to reduce visitor numbers and impact the abilit of the event to raise funds. Th8 hill climb event involve$ numerous movlng vehick8s and lemporary structures among high numbers of public visitors. rinci al risks that are consid8r8d on an on ation Charity Continues to develop sources of revenue that are committed prior to the event. oin ba818'. Health and Safety A full Health and Safety risk register is review8d and agr86d with the local authority Safety Advisory Group. In addition, a full team of Safety Officer volunteer8 conslanll monrtor the event. Volunteer recruitment and lial80 is scheduled to lake place sufficiently in advance of Ihe evenl The level of reserves retained by the Charity are reVI￿ed annually and adjustèd if necessary. Volunteers The successful operation of the event requires a significant number of volunleer8 Financial resources Funding 1$ needed lo ensure that commitments can be madè to suppliers in advance of the annual event. The event d8pend$ upon the availability of the grounds on which it takes place and th8 conditlon of local infrastructure. Availability of VWFI in a temporary location is crucial lo Ihe ability to recelve ments. Physical security of the Chanly's and Customer assets is constantly required. Location availab'lity Agreement for access and discussion8 with the local authority are scheduled in l advance lo minimise disru lon. A reliable corporate provider is selected for the e¥ent. Systems Asselg Security arrangements are reviewed and professional resources engaged where nec*98ary_. The charity's administrative details are found on page 1 of th? accounts. This report was approved by the KOP HILL CHARITY on 16 January 2026 and signed on its behalf by., Linda Cannon Clegg LV Chair of Trustees Page.. 4 KOP HILL CHARITY Consolldatad Ststement of Financial Activlties Pèrlod ended 31 March 2025 Note8 2025 Incomo Income from.. Trading activities Donation8 Investments - Bank interest 269,423 391 1,539 Total Income 271353 Exp8ndSture Expenditure on.. Raising funds Administrative eX￿n$98 Charitable actlvilies Totsl Expondlturn 140.084 2,397 125000 267.481 Nal Incom• l {Expendlturel before tax for the perlod 3.872 Tax payable Net Incomo I IExpondlture 3,872 Re••rvo• a¢qulrod on acqul8ltlon of subsldlary company 49.339 Nèt MOV•￿0n1 In Fund8 ReconcilIa￿On of funds Total funds brought forward Totsl funds carrl•d forward Page.. 5 KOP HILL CHARITY Consolidated Statement of Flnancial Posltion as at 31 March 2025 Group 2025 Charity 2025 Notes Flxed assets Tangible assels Investments 7,225 7,225 Current assets C88h al bank and in hand 50.797 236 50,797 238 Currant Ilabllities Creditor8.' Amounts falling due within on8 year Nat curront ass•ts 4.811 961 45,988 (7251 Total N•t a85•ts 53,211 (724) Fund8 oltho Charlty: Unrestrlcted funds Balance acqulred Surplusldeficit for the year 49,339 3,872 (724) Balance at 31 March 2025 53,211 (7241 For the year ending 31 March 2025. the company was entmed to examption from 8udil under $8cllon 477 of the compan￿ Act 21x16 Teloling to sm811 companies. The members have not required the company to oblak) an aLbJit of its accounts for the ye8r in queslv)n in accordance wlth section 476. Th8 director5 acknow19dge their Te3pon8lbilTrties for Comp￿l￿g vrrith thè requirements ol the Act with resp9cI to aGcounting records and the preparat￿￿ of accounts. These accounts have been prepared in 9￿rdan￿ with tha provisN?ns appli¢able to companies sufy'ect to the Small companles regime. These financial statements were approved by KOP HILL CHARITY on 26 January 2026 and signe¢J on ils behalf by., Lind8 Cannon Clegg W Pettinger FCA K v +9 Chair ol Trustees Treasurer The notes on p8gfjs >to 11 fonnp8rtof these tharo"8lstalefflents Page: 6 KOP HILL CHARITY Con8011dated Statement of Cash Flows Period ended 31 March 2025 R9¢0nclllation of net Income to net cash Inflow from operatlng actlvities Nots• 2025 Cash flows from opgratlng actlvlllfrs Net Income for the year Add.. Depreciation Deduct Interest income Increase in creditors 3.872 2.674 (1,5391 Total cash Ilow from operatlng acllvltl88 9,818 Cash flow from Investment actlvltles Purchase of fixed a888ts Interest incomé Cash balance received on acqui81tion of subsidiary after settlement of Greditor8 (2,0421 1.539 Cash flow• from Inv••tlng actlvltles Net Incroa80 In cash and cash oqulvalenl• Cash and Cash equlvalont• at th• b•ginnlng of porlod Cash and Cash oqulvalonts at tho end of riod Representod by: Cash at bank Page '. 7 KOP HILL CHARITY Notes to the Flnanclal Stataments Perlod ènded 31 March 2025 1 Accounllng PollGles 1.1 A¢countlng convention These financial statements have been prepared in accordance with FRS 102'The Financlal Reporting Standard applicable in the UK and Republic of Ireland" {'FRS 102") and the requirements of the Companie8 Act 2006 as applicable lo companiès subject to the small companies regime. The disclosure r8quirements of section 1A of FRS 102 have been applied other than wher6 additional disclosure is required lo show a true and fair view. The financial statements comply with the Charitiès Act 2011, the Charity's conslitulion and the Slatement of Recommended Practise applicable to chariti88 preparing the accounts in accordance with the Finanaal Reporting standard in th8 UK and Republic of Ireland Icharities SORP FRS 102> The financial slatements are prepa￿d in steding, which is the functional currency of the company. Monetary amounts in these financial statements are rounded lo the nearest £. The linancial 8tat8menls have been kyepared under th8 hislorlcal cost convenlion, rnodlfled to Include the revaluation of freehold properties and lo include investment properties and certain financial instruments at fair valu6. The pnncipal accounting policies adopted are 88t out below. Kop Hill Charity meets the definition of a public benefit entlly under FRS 102. 1.2 Golng Concorn Thè Trustee8 of the charitable company are Satisf￿ that there are no material un¢ertainti&s about the charity's ability to continue as a going concem al leasl for a period of 12 months from the date of approval of these financial slalements. Accordingly, the financial statements are pr8pared on a going concem basi8. 1.3 Basls of consolldatlon These financial statements consolidate the results of the chaiity and its wholly owned subsidiary, Kop Hill Climb Limrted (a Gompany registered in England and Wales under number 094956701 on line-by-line basis. A separate Statemenl of Financial Activities. or Income and Expenditure aocount, for the charity itself is not p￿sented because the charity has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006. 1.4 Income and Expendlture Bolh incomè and expenditure are accounted for on the a¢crual8 basis. The primary source of income is the Kop Hill Climb event and income includes the participants, entrance fees, gpectalor ti¢kel8. sponsor fees. pitch charges levi8d on traders arKI sundry merchandising. Revenue is ￿ognIsed by refe￿[)ce to the year of the event that it ￿lates. All expenditure classif￿1 as raising funds is incurred directly in support of the Kop Hill Climb event. Page '. 8 KOP HILL CHARITY Notès to the Financlal Statsments Perlod ended 31 March 2025 1.5 Tanglblè Flxed Assets Tangible fixed assets are initially measured at cosl and subsequently measured at co$1 or valualion, nel of depreciation and any impaimient losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual valu8S over their useful lives on the followng bases.. Plant and èquipment Computer software Strai9ht line over 5 years Straight linè over 5 years 1.6 Crltlcal Accountlng Estlmates or slgnificant assumptions In the application of the charity's accounting policies the Irustees are required lo make judgements estimates and assumpllons about the carrying value of assets and liabilities that aré nol readily apparent from other r￿urces. Thes8 judgements and estimates are continually evaluated and are based on historical experience and other factors that are considered lo bé relevant. Actual msulls may difl8r from these estimates. There a￿ no ¢ritical judgements, significant assumptions concerning the future and key sour¢e8 of eslimalion of uncertainly al the reporting date that have a significant risk of causing a material adjustment to the carryin9 amounts of assets and liabilities wrthin the next financial year. 1.7 Taxatlon The charity is exempt from taxation in respect of income or capital gains received lo the exlenl that such income or gains are applied exdusively for charitable purp0888. The charity 18 not exempl from Value Added Tax. 2. Employees The average monthly number of persons employed during the year was 6, who are the Dlrectors of Kop Hill Climb Limited. All employees are volunteers and no remun8ration is paid. Page.. 9 KOP HILL CHARITY Notes to the Flnancial Statements Perlod endod 31 March 2025 3. Tangible As89ts Group Cost Acquired at date of transfer Additions in period Disposals 13,671 2,042 At 31 March 2025 15,713 Depreclatlon At date of transfer on assets acquired Provided in period On disposals 5,814 2,674 At 31 March 2025 8,488 N•t Book Valu• At 31 March 2025 7,225 4. Current auot Investm•nt8 At 31 March 2025 the sum of £46,539 was held on a 35 day deposit with Nalwest Bank PLC. Bank intere81 in the p8riod of £1.539 was received in respect of this account. S. Dèbtor8 Group & Charlty 2025 Other debtors P￿".10 KOP HILL CHARITY Notès to th8 Flnancial Slatemonts Perlod ènded 31 March 2025 6. Credltors: amounts falllng due wlthln one year Group 2025 Charlty 2025 Other creditors 4.811 961 4,811 961 7. Acqulsltlon of Kop Hlll Cllmb Llmllod On 8th February 2024 The Charity acquired its trading Subsidiary Kop Hill Cllmb Limi18d. The Balance Sheet of the company at that date is sh¢)wn below. A6 the assets are all dedicated lo charitable purposes consideration paid wa6 £1. Flx•d aslats Tangible assets 7,857 Current O8S0ts Cash at bank and in hand 76.255 76,255 Current Ilablllll•• Creditors.. Amounls falling due v￿thin one year 34,772 Nat curront a880ts 41,483 Net asset8 49,340 P8ge.' 11 KOP HILL CHARITY Notes to the Financial Statements Period endad 31 March 2025 Charilable actlvities- Grant fundlng In December 2024 award8 were made to the 23 charities listed below. The total grarrts awarded included £8,000 that was returned in respect of grants made in the previous year. Al Thé Bus Aylesbury Homeles8 Action Group Aylesbury Vale Child Contact Centre Buckinghamshire Community Foundation Buck8 Girls Rugby Charity Carers Bucks Chinnor & Princes Risborough RaI￿aY Association Ltd Cloudy Foundation Community Youth Venture8 CIC Dementia Carers Respite ENRYCH Florence Nightingale Hospice (Buckinghamshiffjl Haddenham Community Vehicle Hector's House High Wycombe Shopmobllty Nest Aylesl)ury Vale Princes Ri8borough District Girlguiding Sexua5 Assault and Abu8e Support SeNice Buckinghamshire and Milton Keynes (SMSI Southcourt Baptist Churth Space {Ayl8sbury) spa￿ (Aylesbury) Sport in Mind Wycombe Homeles8 Connection I￿1¢) Youth Concern Less grant monies refunded from prior year Totsl Grant monles from Current Year AcllvlUa• £5,000 £7,500 £6,200 £10,000 £3,000 £5,208 £1.400 £7,500 £7,150 £4,145 £5,000 £5,000 £7,500 £5.870 £4,427 £4.750 £8,000 £7,500 £7,500 £5.000 £2,350 £7,500 £7,500 {£8,0001 £126,000 The charity has a memorandum of underslanding ￿th the Heart of Bucks CommunTty Foundation (charity number 1073861 to assisl in the evaluats'on of grant applications and to administer the payments of th6 grants detailed above. 8. TrugteO8 None of the trustees have beén paid any remuneration or received any other benefits from an employment with their charity or a related entty. 9. Support and Governance Included within support costs are costs of Ihe indeFendenl examinalion of the charity of £980. Page.. 12 KOP HILL CHARITY Indèpefident Examlner's report on the accounts P•rlod ended 31 March 2025 Report lo the trustees of Kop Hill Charity on the accounts for the year ended 31 March 2025 (Charity number 12051081 sel out on pages 5 10 12 atrKive. I report lo the trustees on my examination of the accounts of the above charity Ilhe Trust'l for the year ended 31 March 2025. Responslbllltles and basis of r•port As the charity's trustees. you are responsible for the preparation of the accounts in acC￿)rdance with th& requiremenls of the Charitie5 Act 20111lhe Act"). I report in respect of my examinal¢on ol the Trust's accounts carried out under seclion 145 of the 2011 Ad and in carrying out my examination. I have followed all Ihe applicabk Directions given by the Charity Commission under seciion 14515llbl of the Act. Independent examlnerfs statsment The charity's gross income exceeded £250.000 and l am qualified to undertake the examination by being a qualilied membw of the ASSOC￿li0n of Chartered Certified A¢¢ounlanls. I have completed my examInal￿n. I confim that no material matters have ¢ome lo ry allenlion in onneclion with the examinatKin whKh gives me ¢ause lo believe Ihal in, any m8terlal re$pecl'. the accounting records were not kepl in accordance with SeCt￿n 130 of the Charilies Act.. or the 8c¢XJunl$ dld not accord with the a￿untIng record8.' or the accounts did not compty with the applicable requirements concerning the fom and content of accounts sel out in the Chaiilies (Accounts and Reporlsl Regulations 2008 other than any requirement Ihal the accounls give a'true and fair, vie￿1 whlch Is not a matter tr)nsidered as part of an independent examinalhjn. I have no concerns and have come across no other matters in (xjnnection wlth the exarninalion to wh￿h attention should be drawn in this report in order lo enable a proper underslanding of the accounts lo be reached. Rebekah Haywood FCCA Dashwoods Accounlanls Limiied 31 Dashwood Avenue HwJh Wcombe Bucks HP12 3DZ Date.. 1¥1.:17C Page.. 13