**To**
## **Trustees' Annual Report for the period**
Period start date 01 October 2023
Period end date 30 September 2024
**From**
## Section A Reference and administration details
Hilton Formula 24
**Charity name** Hilton Formula 24 **Other names charity is known by Registered charity number (if any)** 1205966 **Charity's principal address** 16 Severn Drive Hilton **Postcode DE65 5LE**
## **Names of the charity trustees who manage the charity**
**Dates acted if not for whole Name of person (or body) entitled Trustee name Office (if any) year to appoint trustee (if any)** 1 Holly Davies Chair 2 Alister Poulter 3 Ruth de Mello 4 Susan Cornish 5 6 7 8 9 10 11 12 13 14 15 16 17 18
## **Names of the trustees for the charity, if any, (for example, any custodian trustees)**
**Name Dates acted if not for whole year**
March **2012**
**TAR**
1
## **Names and addresses of advisers (Optional information)**
**Type of adviser Name Address**
## **Name of chief executive or names of senior staff members (Optional information)**
## **Section B Structure, governance and management**
## **Description of the charity’s trusts**
Type of governing document
Constitution
- (eg. trust deed, constitution)
Unincorporated body How the charity is constituted
- (eg. trust, association, company)
- Role description to be agreed and published on appropriate forums
- Trustee selection methods (posters locally, social media, emails). Interviewed by the
- (eg. appointed by, elected by) Trustees and appointed by the Trustees using a pre-agreed scoring system.
## **Additional governance issues (Optional information)**
You **may choose** to include additional information, where relevant, about:
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
- trustees’ consideration of major risks and the system and procedures to manage them.
## **Section C Objectives and activities**
**Summary of the objects of the charity set out in its governing document**
To advance the education of the students in Hilton, Derbyshire, and surrounding areas, in the subject of engineering and the skills to work in the engineering industries.
.
March **2012**
**TAR**
2
Ages 9-11: students planned and updated the bodywork on their race car. This involved sketching out ideas, discussing them as a team and arriving at a decision together. They then cut the shapes of the design out of vinyl and attached this to the bodywork. They then raced the car at several events demonstrating teamwork, resilience when things didn't go to plan and even helping trouble shoot other teams issues and advising them of solution using their own experience.
**Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)**
Ages 11-16: students worked on various projects to improve their race car including using computer aided design (CAD) skills, prototyping, 3D printing, using hand and power tools in the workshop, electronics and coding. Their team work skills saw a significant improvement through this season alongside problem solving, budgeting and project management.
Trustees have complied with their duty to have regard to the Charity Commission's public benefit guidance.
**Additional details of objectives and activities (Optional information)**
You **may choose** to include further statements, where relevant, about:
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
March **2012**
**TAR**
3
Section D Achievements and performance
**Summary of the main achievements of the charity during the year**
Ages 9-11: students planned and updated the bodywork on their race car. This involved sketching out ideas, discussing them as a team and arriving at a decision together. They then cut the shapes of the design out of vinyl and attached this to the bodywork. They then raced the car at several events demonstrating teamwork, resilience when things didn't go to plan and even helping trouble shoot other teams issues and advising them of solution using their own experience. Ages 11-16: students worked on various projects to improve their race car including using computer aided design (CAD) skills, prototyping, 3D printing, using hand and power tools in the workshop, electronics and coding. Their team work skills saw a significant improvement through this season alongside problem solving, budgeting and project management.
March **2012**
**TAR**
4
## **Section E Financial review**
Hilton Formula 24 aims to maintain a level of unrestricted reserves **Brief statement of the** sufficient to ensure the continuity of our core outreach and **charity’s policy on reserves** educational activities in the event of unforeseen circumstances. The trustees have agreed to hold a minimum reserve equivalent to three months essential operating costs. This reserve will act as a financial cushion, allowing time to adjust plans or secure alternative funding without disrupting our commitment to delivering high-quality STEM learning experiences for young people. The reserves level will be reviewed annually to ensure it remains appropriate for the charity’s size, scope, and financial risks.
**Details of any funds materially in deficit**
## **Further financial review details (Optional information)**
You **may choose** to include additional information, where relevant about:
- the charity’s principal sources of funds (including any fundraising);
- • how expenditure has supported the key objectives of the charity;
- • investment policy and objectives including any ethical investment policy adopted.
**Section F Other optional information**
## **Section G Declaration**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
March **2012**
**TAR**
5
**Signature(s) Full name(s)** Holly Davies **Position (eg Secretary, Chair,** Chair **etc) Date** 29/07/2025
March **2012**
**TAR**
6
**Hilton Formula 24 1205966 Receipts and payments accounts CC16a For the period** Period start date Period end date **from** 01/10/2023 30/09/2024
## **Section A Receipts and payments**
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest**
**£**
**1,130**
**4,871**
**-**
**-**
**-**
**-**
**-**
**-**
**6,001**
**-**
**-**
**-**
**6,001**
**3,383**
**2,724**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**6,107**
**-**
**-**
**-**
**6,107**
**- 106**
**-**
**-**
**- 106**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**1,130**
**4,871**
**-**
**-**
**-**
**-**
**-**
**-**
**6,001**
**-**
**-**
**-**
**6,001**
**3,383**#
**2,724**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**6,107**
**-**
**-**
**-**
**6,107**
**- 106**|**Total funds**
**to the nearest £**
**1,130**
**4,871**
**-**
**-**
**-**
**-**
**-**
**-**
**6,001**
**-**
**-**
**-**
**6,001**
**3,383**#
**2,724**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**6,107**
**-**
**-**
**-**
**6,107**
**- 106**|**Last year**
**to the nearest £**|
|---|---|---|---|---|---|---|
|Contribution to race days|**1,130**||||||
|Sponsorship|**4,871**||||||
||**-**||||||
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
|**_Sub total_**_(Gross income for_
_AR)_|**6,001**|||||**-**|
||||||||
|**A2 Asset and investment sales,**
**(see table).**|||||||
||**-**||||||
||**-**|||||**-**|
|**_Sub total_**|**-**|||||**-**|
|**_Total receipts_**
**A3 Payments**|||||||
|||||||**-**|
||||||||
|Race days|**3,383**||||||
|Parts|**2,724**||||||
||**-**||||||
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
|**_Sub total_ **|**6,107**|||||**-**|
||||||||
|**A4 Asset and investment**
**purchases, (see table)**|||||||
||**-**||||||
||**-**||||||
|**_Sub total_ **|**-**|||||**-**|
|**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||||
|||||||**-**|
||||||||
||**- 106**|**-**|**-**|**- 106**||**-**|
||**-**|**-**|**-**|**-**||**-**|
||**-**|**-**|**-**|**-**||**-**|
||**- 106**|**-**|**-**|**- 106**||**-**|
CCXX R1 accounts (SS)
29/07/2025
1
## **Section B Statement of assets and liabilities at the end of the period**
|**Categories**
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**
**B1 Cash funds**|**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
Current Account
**Details**
**Details**
**Details**
Signature
#VALUE!|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**236**
**-**
**-**
**-**
**-**
**-**
**236**
**-**
Agreement Error
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
HollyDavies|**Endowment**
**funds**
**to nearest £**|
|---|---|---|---|
|||||
||||**-**|
||||**-**|
||||**-**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**When due**
**(optional)**|
|||||
|||||
|||||
|||||
|||||
|||||
||||Date of
approval|
||#VALUE!|HollyDavies|29/07/2025|
|||||
CCXX R2 accounts (SS)
29/07/2025
2