The Philip Hillman Charitsble Foundation Flnanclal Statements Period Ended 5 Aprll 2025 Charity No: 1207657 The Phlllp Hlllman Charitable Foundation Report and Financial statements for the period ended 5 April 2025 Contents Page: Administrative information Report of the Trustees and Chairman's Report Independent Examinerfs Report Statement of finantial actlvities Balance sheet Notes forming part of the financial Statements Tnjstees appointed 22 July 2021 Geoffrey Greenhouse Jacob Montague Greenhouse Harold Joseph Hillman Rabbi Barry Lerer Principal Office Geoffrey GreenhoL¢se, Chair of Trustees 5 Heton Garden5, Hendon, London NW44XS Independent Examiner Nelson Col3(0 FCA The Phlllp Hlllman Charltable Foundation Report of the trustees for the period ended 5 April 2025 The Trustees present their report along with the financial Statements of the charity for the year ended 5 April 2025 The financial statements have been prepared in accordance with the accounting policies set out on page 8 and comply with the charit¢s Trust Deed and applicable law. Structure, Governance and Management The Philip Hillman Charitable Foundation is constituted under a Trust Deed dated 22 July 2021 created by the Trnstees. It is a registered charity no. 1207657. The Trustees who have seNed during the period we￿. Geoffrey Greenhouse Jacob Montague Greenhouse Harold Joseph Hillman Rabbi Barry Lerer At the Annual Trustees, meetin& the Trustees agreed the broad strategy and areas of activity for the Trust, including consideration of grant makin& investment, reserves and risk mana8ement policies and performance. Rlsk Management The Trustees have examined the major strategic, business and operational risks which the charityfaces and confirm that SyStem5 have been established to enable regular reports to be produced so that such rlsks are not continuously monitored and that appropriate steps can be taken to lessen these risks, Objectives and Artlvltles The Trustees shall hold the Trust Capital and the income thereof upon Trust to pay or apply the whole thereof as the Trustees may from time to time in their absolute discretion determine. The Trustees have had due regard to the Charity Commission'5 guidance on public benefit when considering the Tru5V5 activities and obiectlves. Charitsble donatlon pollcy Donations are made to various not for profit organisations to be applied for the public benefit. All applications received are considered by the Trustees on their own merit for suitability of funding. Achievements and Performance The Trustees have continued to apply their funds In accordance with the objectives of the Trust. Donations totalling £263,500 were made in the period. Flnanclal Review The Trust Capital is held in an investment portfolio with Rathbones. The Trustees operate a single bank account into which the Trust funds are received and paid out. The balance of the bank account as at S April 2025 was £69,095. The Trustees have appointed an Independent Financlal Adviser IIFAI to review and advise on the investment. The Philip Hillman Charltsble Foundation Report of the trustees for the period ended 5 Aprll 2025(contlnuedl Reserves pollcy The Trustees, policy is to maintain their continuing level of support under the grant making policy that they have agreed. If income resources are insufficient to cover the donations then recourse is made to the other funds of the Foundation. In the period to 5 April 2025 the charity had net income resources of £2,511,273. The Trustees do not consider that any minimum level of resources is requlred. Plans for the future The Trustees intend to continue providing grants in a similar way to the recent past but retaining flexibility as to the timing and scale of grant making. Trustee< responsibilities in relation to the financial statements The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accountin8 Practice Iunited Kingdom Accounting Standards). The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming re50urce5 and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to= select suitable accounting policies and then apply them consistently: obseNe the methods and principles in the Charities SORP: • make judgments and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subJect to any material departures disclosed and explained in the financial statements,. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are Sufficient to show ond explain the charit￿5 transactions, disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financlal statements comply with the Charities Act 2011, the Charities IAccounts and Reportsl Regulations 21X)8 and the provisions of the charit￿5 constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustee5 and signed on their behalf by.. Geo Trustee Date: reen ous The Philip Hillman Charitable Foundation Chairman's Report for the perlod ended 5 Aprll 2025 The late Philp Hillman die on 15 June 2020. By hls Will he left a substantial bequest to be held on a Charitable Trust for various charitable purposes. The four Trustees are his brother Harold Hillman and his Solicitor Geoffrey Greenhouse. They were both appointed in accordance with the terms of the Will. Rabbi Barry Lerer of the Central Synagogue London kindly agreed to act as Trustee a5 did Jacob Greenhouse. The Trustee5 meet twice yearly and in the period ended 5 April 2025 made variou5 donations totalling £263,500. There were substantial donations to vaiious medical causes for the purposes of research in the United Kingdom and charities in Israel were benefitted. "GE Cha FRE RE r of the Tru NH tee SE 2 February 2026 The Philip Hillman Charitsble Foundation Independent Reviewerfs report Independent Reviewerf5 report to the Trustees of The Philip Hillman Charitable Foundatlon I report on the accounts of the Foundation for the year ended 31 March 2024, whith are set out on pages 6 to 9. Respectlve responslb511tles of the trustees and Èxamlner The charit¢s trustees are responsible for the preparation of the accounts. The trustees conslder that an audit is not required for this year lunder section 144121 of the Charities Act 2011 (the 2011 Actll and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the 2011 Act- to follow the procedLtres laid down in the general Direction5 given by the Charity Commission under Section 14515llbl of the 2011 Act. and to state whether particular matters have come to my attention. Basls of Independent examlners, report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes review of the accounting records kept by the charity and a comparison of the atcounts presented with those records. It also includes con5idÈration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair vieW and the report is limited to those matters in the statements below. Independent examiners. statement In connection with my examination, no material matters have come to my attention which gives me cavse to believe that in any materlal respect.. accounting records were not kept in accordance with section 130 of the Charities Act- or accounts did not accord with the accounting records: or the accounts did not comply with the accounting records of the 2011 Act. I have no conterns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Nelson ColaEo F.C. A TC BSG Valentine Limited Lynton House 7- 12 Tavistock Square London WCIH gBQ Date- The Phlllp Hlllman Charltablg Foundatlon Independent Revlewerf5 report Independent Revlewerfs report to the Trustees of The phlllp Hlllman Charltable Foundatlon I report on the actounts of the Foundation for the year ended 31 March 2024, which are set out on pages 6 to 9. R•spectlve re5ponsibllitles of the trustees and examlner The charftvs trustees are responslble for the preparatlon of the accounts. The trLSStees conslder that an audit is not requlred for this year (under sectlon 144121 of the Charities Acr 2011 (the 2011 ktl) and that an independent examination 15 needed. It is my responsibility to: examlne the accounts under section 145 of the 2011 Act; to follow the procedures13id down in the general Directlons glven by the Charlty Commlsslon under sectlon 14515llbl of the 2011 Act: and to stste whether particular matter5 have come to my attention. Ba515 of Independent examiner< report My examination was catTied out in accordance wtth the Beneral Direction5 Èiven by the Charity Commlsslon. An examinatlon Indudes review of the accounting records kept by the charlty and a comparistsn of the accounts presented with those records. It also include5 consideration of any unusual Items or disclosures in the accourrt5. and Seeking explanatlOT15from you as trustees concernlng any such matters. The procedures undertaken do not provide all the evidence that would be requlred in an audit, and consequently no opinion is given as to whether the account5 present 4 'true and fair VIe￿ and the report Is Ilmited to those matters In the statements below. Independent examSner5' ststement In Connectlon wlth my examination, no materlal matters have come to my attention which gives me Cause'to believe that in any materlal respect: accountinB records were not kept in accordance with sectlon 130 of the CharitiesAtt; or accounts did not accord with the accountlng records: or the accounts dld ncit comply wlth the accountlng record5 of the 2011 I have no concerns and have come across no other matters in connectlon wlth the examlnatlon to which attention should be drawn in this report in order tt) enable a proper understanding of the accounts to be reached. Nelson ColaEo F.C, A TC BSG Valentlne Llmlted Lynton House 7- 12 Tavistock Square London WCIH gBQ Date: The Phlllp Hillman Charitable Foundation Statement of F5nancial Activities for the period ended 5 Aprll 2025. Note5 2025 Incoming resources Portfolio income 234,079 Resources expended Charitable Activlties: Donations payable Management and administration - bank charges 1263,5001 141,6901 Governance costs 13,OLTh)I Total resources expended 1308,1901 Net movement on Investments 1146,1921 Net outgoing resources for the perlod to 5 April 2025 {220.303) All funds are unrestricted. The note5 on page 8 to 9 form part of these financial statements. The Phlllp Hillman Charitable Foundatlon Balance sheet a5 at 5 April 2025 Notes 2025 Capital Account Settled from Will Revenue Account Idebitl 2,731,576 220 303 Current assets Investments Cash at bank 2,450,178 69,095 2,519,273 Credltors: Amounts falling due wlthin one year Accruals 18,OCQ} Total net assets 2,511,273 Approved by the Trustees and authorised for issue on and signed on their behalf bv 2026 Geoffrey Greenhouse Trustee All funds are unrestricted The notes on page 8 to 9 form part of these financial statements The Phlllp Hillman Charltable Foundatlon Notes forming part of the financial statements for the year ended 5 Aprll 2025 Prlncipal accounting pollcies lal Basis of preparation of accounts The accounts have been prepared under the historical cost conventlon with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The flnancial Statements have been prepared in accordance wlth the Statement of Recommended Practice- Accounting and Reportin8 by Charities preparing their account5 in ccordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP IFRS10211 and with the requirements of the Charities Art 2011. The Foundation constitutes a public benefit entity. The Trustees are satisfied that the charity has sufficient funds to continue its activitie5 for the foreseeable future. Accordingly, the Trustees continue to adopt the going concern basis in the preparation of the financial statements. Ib) Going Concern The trustees have not identified any material uncertainty regardin8 going toncem. Icl Donations The Charity does not receive nor request any donation5. {dl Investment Income Investment income is accounted for in the period in which the charity is entitled to receipt. lel Charitable Artivities Charitable activities comprise all c05t5 which are directly attributable to the objects of the charity. Donations payable are recognised when a construrtive or legal obligation to the reclplent has been created by the charity at the reqlsest of the Trustees. Governance Costs Governance cost5 comprise the costs of statutory compliance, which consist of the costs 355ociated with the Independent Examination of the Foundation's accounts. The Philip Hillman Charitable Foundation Note5 forming part of the financial ststements for the period ended 5 Aprll 2025 (continued} Charlty donatlons made For the period ended 5 April 2025 all donations were made to charities registered with the England and Wales Charity Commission and totalled £263,500. Management and Admlnlstratlon Costs Legal and professional fees Bank charges Investment management fee5 Tax paid 5,000 48 12,642 24,000 41,690 No Trustee received any remuneration or was reimbursed for expenses during the period. Governance Costs 2025 Independent Examination fee Creditors due within l year 2025 Accruals 8,CKJO Related Party tran5action5 There were no related paity transactions during the period. Trnstee Rernuneration No Trustee received any remuneration or was relmbursed for expenses during the period.