REGISTERED CHARITY NUMBER: 227319
The High Lee House Trust
Financial Statements for the Year Ended 30th September 2024
Allen Mills Howard Limited Chartered Accountants & Statutory Auditors Lewis House 56 Manchester Road Altrincham Cheshire WA14 4PJ
The High Lee House Trust
Contents of the Financial Statements
For the year ended 30th September 2024
Page Trustees’ Annual Report Independent Examiner’s Report Statement of Financial Activities 10 Balance Sheet 11 Notes to the Financial Statements 12
The High Lee House Trust
Trustees’ Annual Report
Year Ended 30th September 2024
The Trustees present their report and financial statements of the Charity for the year ended 30th September 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), effective 1[st] January 2015.
REFERENCE AND ADMINISTRATIVE DETAILS
| Charity Registration Number: | 227319 | |
|---|---|---|
| Trustees: | Mr D C W Lee | Chairman |
| Mr R A Davies | Honorary Treasurer | |
| Mr M K Redhead | Honorary Secretary | |
| Ms E H Lunn | ||
| Mrs J Dickinson | ||
| Mrs L Gower | ||
| Mrs K Thomas | ||
| Mr J R Fox | Appointed 10thMarch 2025 | |
| Principal address: | High Lee House | |
| 69 Broad Road | ||
| Sale | ||
| Cheshire | ||
| M33 2HL | ||
| Bankers: | Lloyds TSB Bank Plc | |
| 98 Stamford New Road | ||
| Altrincham | ||
| Cheshire | ||
| WA14 1DG | ||
| Independent Examiner: | David Allen FCCA | |
| For and on behalf of | ||
| Allen Mills Howard Limited | ||
| Chartered Accountants & Statutory Auditors | ||
| Lewis House | ||
| 56 Manchester Road | ||
| Altrincham | ||
| Cheshire | ||
| WA14 4PJ |
1
The High Lee House Trust
Trustees’ Annual Report (Continued)
Year Ended 30th September 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The High Lee House Trust is an unincorporated charity constituted under a Trust adopted on 10[th] August 1951, amended on 2[nd] September 1955 and 21[st] March 2003. The Trust was registered with The Charity Commission on 8[th] November 1963.
The Trustees are responsible for the overall supervision of the Charity. The financial affairs are delegated to the Treasurer.
Induction and training of new Trustees
The Trustees are mindful that in selecting individuals for appointment they must have regard to the skills, knowledge and experience needed for the effective administration of the Charity. New Trustees are selected by the existing Trustees and are introduced to the workings of the Charity and are kept updated through regular Trustee meetings and communication throughout the year.
Risk Management
The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees consider variability of investment returns to constitute the Charity’s major financial risk. This is mitigated by the Charity’s policy of adopting a low risk approach to its investments.
OBJECTIVES AND ACTIVITIES
Objectives and Aims
The objective of the Trust is to carry out charitable work principally within the Borough of Trafford, and, in particular, the advancement of education, the furtherance of health and the relief of poverty, distress and sickness and to promote support for charitable objectives wheresoever they are located.
Donations
The Charity makes donations, in accordance with its objectives, from time to time at the discretion of the Trustees.
2
The High Lee House Trust
Trustees’ Annual Report (Continued)
Year Ended 30th September 2024
ACHIEVEMENTS AND PERFORMANCE
Overview of the Year
The list of organisations and groups supported during the year reflects the Trust’s continuing commitment to a diverse range of activities and projects. The emphasis is still on helping locally based groups or, where possible, local branches of national bodies. A relatively small sum has been allocated to international aid, usually in response to a major humanitarian crisis. While the Trust feels it is valuable to maintain this diversity in its allocation of resources, most of the donations are to people and bodies working in familiar and key areas of community activity. The following headings under which donations are grouped reflect this spread.
Under the Chairmanship of David Lee, Trustees have continued to review roles and procedures to ensure that the Trust’s assets and income are being used as effectively as possible. Each request for funding, whether one-offs or regular, is carefully considered within the context outlined in the first paragraph.
Once again, it has been most encouraging and satisfying to receive so many letters of thanks from so many of the organisations we have supported. Some are from those who the Trust has helped over a number of years; others from new recipients. These are difficult times for all charitable and voluntary groups. Piecing together enough funding to sustain the often growing workload is a challenge indeed. Although the actual sums the Trust can afford to give to any one organisation may often seem modest, set against the work and responsibilities they take on, the thank you letters convey one important point. Whatever the sum given, the fact that the Trust recognises the value of their work, and offers support, is in itself greatly appreciated.
The Trust functions by receiving and responding to donation requests. Further information about requesting organisations and their projects, where helpful, is usually sought via email or phone. There are opportunities, of course, to meet representatives of different organisations and to see their work firsthand.
Donations made 2023/24
Please note the headings used below to group donations are necessarily broad and overlapping and the work of many of the organisations listed has, of course, different elements.
Older People
High Lee House Social Fund: A donation to cover the cost of buying coffee tables for the communal lounge. £1,013.88
Cyril Flint Befrienders: This Sale-based charity’s mission is to “tackle loneliness and social isolation in older people.” Currently covering Trafford, volunteers spend an hour a week visiting someone, usually in their own home, on a “regular one-to-one basis. £1,000
Total
£2,013.88
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The High Lee House Trust
Trustees’ Annual Report (Continued)
Year Ended 30th September 2024
Young People
| Halle for Youth:Continuing our support for this well-established aspect of the Halle’s work, with and for |
|---|
| young people. £2,000 |
| Prince’s Trust:Continuing our support for the Trust’s work in Greater Manchester, working with young |
| people “often facing tremendous barriers, such as homelessness, disability, growing up in care, recovering |
| from abuse or leaving prison”. The Trust aims to bring hope and purpose back into their lives. £2,000 |
| Little Green Sock Project: This charity, founded in 2022, is “committed to alleviating child poverty in |
| Trafford and surrounding areas.” Their mission is to help “ reduce the financial burden of clothing and |
| essential equipment for families in crisis, by reusing clothing and children’s items donated by the local |
| community. £1,000 |
| Children in Need:Purchase of Countryfile calendars to support this familiar, annual appeal. £76.93 |
| Lancashire Cricket Foundation:This, the official charity of Lancashire Cricket Club, uses the power and |
| appeal of cricket to reach communities across the North West. Their mission - “engaging, exciting, inspiring |
| and improving lives through cricket whilst growing the appeal of the game.” Our donation will be used “to |
| reach underprivileged children in Trafford. £750 |
| 1st Stretford (Longford) Scout Group:A donation to help refurbish the Scout Group headquarters, |
| enriching “the scouting experience for over 270 young individuals”. £1,000 |
| 7th Sale Scout Group:A donation to fund the cost of the refurbishment of part of the Scout hut. “The group |
| supports over 100 young people in the Beavers, Cubs and Scouts on a weekly basis”. £1,750 |
| Community Safety Education CIC:A donation to this community interest company “whose aim is to |
| promote and further the personal, social, health and economic well-being of young people throughout the |
| UK”. This donation will help fund the provision of their Money Wise financial literacy programme in |
| Lostock High School and Stretford High School. £800 |
| Contact Hostel:This charity, opened in 1970, provides “support and accommodation for young and |
| vulnerable teenage girls who are facing homelessness”. £1,000 |
| Total £10,376.93 |
| The Arts |
| Sale Festival:Our usual donation to this well-established, multi-faceted and popular festival. Money raised |
| goes to local charities. £1,500 |
| Sale Photographic Society:Formed in 1946, the Society hopes to extend its “activities in the community |
| and encourage younger people to enjoy photography”. £800 |
| Total £2,300 |
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The High Lee House Trust
Trustees’ Annual Report (Continued)
Year Ended 30th September 2024
Community
Friends of Worthington Park: A donation towards the cost of installing two further woodcarvings, continuing the zoo animal theme. (George Mottershead, founder of Chester Zoo, lived in Sale as a young man). £1,000 Wythenshawe Community Run: Founded in 2021, this community group organises a free 2k or 5k run every Sunday, starting and finishing in Wythenshawe Park. A run not a race, all ages and abilities are welcome. £200 Sale and District Lions Club: Sale Lions are planning to hold their Fathers Day Fete and Family Fun Day in June 2024. As usual, our donation will help them fund essential toilet and first aid facilities. £1,000 G-Force: Continuing our support for this well-established and enterprising local charity. This year’s donation will go towards the refurbishing of the popular G-Force Café to help it become “an even more vibrant community” resource . £1,000 Cracking Good Food: This Community Interest Company, founded in 2010, runs the Kitchen Kit Call Out scheme. It collects “pre-loved cooking equipment and utensils” from a range of donors, including the public, then making them available to community food groups and others working with vulnerable people etc. via redistribution events. £1,000 Total £4,200 Health Alzheimer’s Society: Continuing our support for the Society’s lifeline dementia support and research provision. It’s estimated that “1 in 3 people born today will develop dementia in their lifetime.” £1,500 Stockdales: Our annual contribution to this local charity which helps people with learning disabilities live life to the full. Their mission is to put “ability into disability”. £2,000 St Ann’s Hospice : Continuing our support for the work of this long-established local charity which provides an extensive range of care services for people with life-limiting illnesses, their families and carers, across three sites in Greater Manchester, and in patients’ own homes. The Trust has been supporting St Ann’s since 2000 . £2,000 Asthma Relief: A further donation to enable AR to purchase more, much-needed and greatly appreciated nebulisers and other equipment. Providing nebulisers allows many patients to be cared for by families and visiting community nurses at home rather than in hospital . £2,000
Francis House Children’s Hospice: Continuing support for the Hospice which provides care and support for children and young adults with life limiting and life shortening conditions, and their families . Our donation this year will go towards the Play Specialist Development Project, furthering the Hospice’s commitment to promoting play activities as both a therapy and coping strategy for the children and young people in their care, and their siblings. £2,000
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The High Lee House Trust
Trustees’ Annual Report (Continued)
Year Ended 30th September 2024
Macmillan Wellbeing Centre: The Centre, based at Trafford General Hospital, supports “people trying to manage the psychological and emotional impact of a cancer diagnosis, whether their own or someone’s close to them”. Continuing our support for both their work in the Centre and the community. £1,000
North West Air Ambulance Charity: A donation to this service which deploys helicopters and care vehicles, carrying paramedics and doctors. “Whenever access is difficult or time is critical, the speed and accessibility of our helicopters makes our service absolutely vital”. (The NWAA is a charity and receives no funding from the NHS or Government). Since 1999, the service has responded to over 45,000 calls. £1,000
Parkinson’s UK (Trafford Branch): This branch of the UK charity offers “information, friendship and support to local people with Parkinsons, their families and carers”, the primary focus being a monthly meeting at the Larkhill Centre, Timperley. £2,000
Amy’s Peaks and Pedals 2024: A donation to support the challenge Amy Warrener has set herself to complete the UK’s 3 highest peaks, cycling between each one, in under 72 hours. Money raised is for the Royal Manchester Children’s Hospital charity. £500 Total £14,000
Other
Royal British Legion Poppy Appeal 2023: Continuing our support for this major, annual appeal (in the Sale area). “Recent inflationary trends are making it ever more difficult to carry out the support and care of veteran service men and women”. £1,000 Total £1,000
All donations total £33,890.81
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The High Lee House Trust
Trustees’ Annual Report (continued)
Year Ended 30th September 2024
FUTURE PLANS
The Trustees do not anticipate any significant change to the Charity or its activities over the next few years.
FINANCIAL REVIEW
Results for the year
A summary of the results for the year can be found on page 10 of the accounts.
The Trust’s work is reliant on income from its investments.
The income that the Trust has received from its investments increased by 17% on the previous year which in turn had increased by 24% from 2022. The market value of non-cash investments at the balance sheet date rose by 5.7% during the year, (1.3% increase in the previous year). Cash on long term deposits at the balance sheet date totalled £140,000 (2023: £140,000). The donations the Trust has made in the year have been disclosed under charitable activities on the Statement of Financial Activities.
The income from all its investments represent return of 4.4% (2023: 4%).
There was an unrealised gain of £43,855 (2023: gain of £6,650) on the Trust’s investment assets during the year. The Trustees will continue to review performances but, given that their investments are being held for the long term, they remain confident that the policy adopted is appropriate for the charity.
Reserves Policy
At their discretion, the trustees may spend all or part of the capital of the charity in the furtherance of the charity’s objects.
Investment Policy and Objectives
The Charity adopts a low risk approach to its investments. The Charity’s investments consist of cash, fixed interest securities and investment funds.
Public benefit
The Trustees confirm that they have, when and where necessary to do so, paid regard to the Charity Commission’s Guidance on Public Benefit when considering and making the decisions.
7
The High Lee House Trust
Trustees’ Annual Report (continued)
Year Ended 30th September 2024
The Trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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 resources and application of resources, including the income and expenditure, of the Charity for that period. In preparing those financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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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 proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations and the provisions of the trust deed. 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 order of the board of trustees on 21[st] May 2025 and signed on its behalf by:
D C W Lee – Trustee
8
The High Lee House Trust
Independent Examiner’s Report to the Trustees of the High Lee House Trust
Year Ended 30th September 2024
I report to the trustees on my examination of the accounts of The High Lee House Trust (the Trust) for the year ended 30th September 2024.
Responsibilities and basis of report
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried 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 section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns 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.
Mr David Allen FCCA Allen Mills Howard Limited Chartered Accountants Lewis House 56 Manchester Road Altrincham Cheshire, WA14 4PJ
21[st] May 2025
9
The High Lee House Trust
Statement of Financial Activities
Year Ended 30th September 2024
| Total Funds | Total Funds | ||
|---|---|---|---|
| Note | (Unrestricted) | (Unrestricted) | |
| 2024 | 2023 | ||
| £ | £ | ||
| Income from: | |||
| Investments | 2 | 36,538 | 31,215 |
| __ | __ | ||
| Total income | 36,538 | 31,215 | |
| __ | __ | ||
| Expenditure on: | |||
| Charitable activities | 3 | 33,891 | 34,020 |
| Fundraising activities | 4 | 786 | 746 |
| Other | 5 | 1,822 | 1,689 |
| __ | __ | ||
| Total expenditure | 36,499 | 36,455 | |
| __ | __ | ||
| Net income/(expenditure) | 39 | (5,240) | |
| Net gains/(losses) on investment assets | 43,855 | 7,851 | |
| __ | __ | ||
| Net movement in funds | 43,894 | 2,611 | |
| Reconciliation of funds | |||
| Funds at the beginning of the year | 797,056 | 794,445 | |
| __ | __ | ||
| Funds at the end of the year | 9 | 840,950 | 797,056 |
| __ | __ |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes form part of these financial statements.
10
The High Lee House Trust
Balance Sheet
Year Ended 30th September 2024
| Note Fixed assets Investments 7 Current assets Cash at bank Creditors: Amounts falling due in one year 8 Net current assets Net assets The funds of the charity Unrestricted funds 9 Total charity funds |
2024 £ 825,826 16,444 _ 16,444 1,320 _ 15,124 _ 840,950 _ 840,950 _ 840,950 _ |
_ |
2023 £ 781,234 16,942 _ 16,942 1,120 _ 15,822 _ 797,056 _ 797,056 _ 797,056 _ |
|---|---|---|---|
These financial statements were approved by the Trustees on 21[st] May 2025 and signed on their behalf by:
…………………………… Mr R A Davies Treasurer
The notes form part of these financial statements
11
The High Lee House Trust
Notes to the Financial Statements
Year Ended 30th September 2024
1. Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (Charities SORP FRS102) effective 1[st] January 2015, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), and the Charities Act 2011.
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.
The Charity constitutes a public benefit as defined by FRS102.
The accounts are presented in sterling and rounded to the nearest pound.
Funds structure
The charity’s funds consist of unrestricted funds for use at the discretion of the trustees in furtherance of the general objectivity of the charity.
Income recognition
All incoming resources are recognised once the charity has entitlement to the resources, it is certain the reserves will be received, and the monetary value of the incoming resources can be measured with sufficient reliability.
Interest on funds held on deposits is included upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been received.
Expenditure recognition
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to that expenditure.
All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs to that category.
All expenditure is stated inclusive of irrecoverable VAT.
Donations payable are payments made to third parties in the furtherance of the charitable objects of the Trust. There are no long term commitments to give donations.
12
The High Lee House Trust
Notes to the Financial Statements
Year Ended 30th September 2024
Allocation of support and governance costs
Support costs have been differentiated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to the independent review and legal fees together with an apportionment of overhead and support costs.
Fixed asset investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the quoted market price.
The Charity does not acquire put options, derivatives or other complex financial instruments.
The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors
Realised gains and losses on investment assets are calculated as the difference between disposal proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value at that date. Realised and unrealised investment gains (or losses) are combined in the statement of financial activities and are credited (or debited) in the year in which they arise.
Cash at bank
Cash at bank includes cash and short term highly liquid investments with a short maturity date of three months or less from the date of acquisition or opening of the deposit or similar account. Cash placed on deposit for more than one year is disclosed as a fixed asset investment.
2. Investment income
| UK fixed interest UK investment funds Interest on cash deposits |
2024 £ 8,594 22,876 5,068 _ 36,538 _____ |
2023 £ 6,632 21,372 3,211 _ 31,215 _____ |
|---|---|---|
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The High Lee House Trust
Notes to the Financial Statements
Year Ended 30th September 2024
| 3. Charitable activities Charitable donations 4. Fundraising activities Investment management costs 5. Other expenditure Other expenses Independent review fees Irrecoverable VAT Comparatives for other expenditure Other expenses Independent review fees Irrecoverable VAT |
2024 £ 33,891 _ 33,891 _ 2024 £ 786 _ 786 _ Support Governance Costs Costs £ £ 368 - - 1,212 - 242 _ ___ 368 1,454 _ _ Support Governance Costs Costs £ £ 551 - - 948 - 190 _ _ 551 1,138 _ _____ |
2023 £ 34,020 _ 34,020 _ 2023 £ 746 _ 746 _ Total £ 368 1,212 242 _ 1,822 _ Total £ 551 948 190 _ 1,689 _ |
|---|---|---|
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The High Lee House Trust
Notes to the Financial Statements
Year Ended 30th September 2024
6. Trustees’ remuneration and benefits
There were no trustees’ remuneration or other benefits for the year ended 30th September 2024 nor for the year ended 30[th] September 2023.
The charity has no employees.
Trustees’ expenses
Trustees’ expenses in the year amounted to £26 (2023: £nil).
7. Investments
| Listed Investments £ Market value at 1stOctober 2023 640,801 Additions at cost 89 Disposals at market value - Deposit - Unrealised gains/(losses) on revaluation 43,855 Realised gains/(losses) on disposal - _ Market value at 30th September 2024 684,745 __ |
Cash £ 140,433 - - 648 - - _ 141,081 __ |
Total £ 781,234 89 - 648 43,855 - _ 825,826 __ |
|---|---|---|
An analysis of the listed investments above is as follows:
| Listed Investments M & G Charibond M & G Charifund HL Fund and Share Account |
2024 £ 205,501 284,194 195,050 _ 684,745 __ |
2023 £ 198,010 267,781 175,010 _ 640,801 __ |
|---|---|---|
Material listed investments with a market value of over 5% of the total market value of investments are as follows:
| No of units/ Listed Investments Shares M & G Charibond 186,819.270 M & G Charifund 18,712.460 HL Multi Manager Income & Growth Trust |
2024 £ 205,501 284,194 49,813 __ |
2023 £ 198,010 267,781 44,568 __ |
|---|---|---|
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The High Lee House Trust
Notes to the Financial Statements
Year Ended 30th September 2024
| 8. | CREDITORS: Amounts falling due within one year | CREDITORS: Amounts falling due within one year | CREDITORS: Amounts falling due within one year | CREDITORS: Amounts falling due within one year | 2024 | 2023 |
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Accruals | 1,320 | 1,120 | ||||
| __ | __ | |||||
| 9. | Movement in funds | |||||
| Net | ||||||
| B/Fwd | Movement | C/Fwd | ||||
| 01.10.23 | in funds | 30.09.24 | ||||
| £ | £ | £ | ||||
| Total charity funds | 797,056 | 43,894 | 840,950 | |||
| __ | __ | __ | ||||
| Net movement in funds | included in above are as follows: | |||||
| Gain on | Movement | |||||
| Income | Expenditure | Investments | in funds | |||
| £ | £ | £ | £ | |||
| Total charity funds | 36,538 | 36,499 | 43,855 | 43,894 | ||
| __ | __ | __ | __ | |||
| Comparative figures for movement in funds | ||||||
| Net | ||||||
| B/Fwd | Movement | C/Fwd | ||||
| 01.10.22 | in funds | 30.09.23 | ||||
| £ | £ | £ | ||||
| Total charity funds | 794,445 | (2,611) | 797,056 | |||
| __ | __ | __ |
Net movement in funds included in above are as follows:
Total charity funds |
Gain on Movement Income Expenditure Investments in funds £ £ £ £ 31,215 (36,455) 7,851 2,611 _ _ _ _ |
|---|---|
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