Charlty Reglstratlon No. 279747
THE HOLLANDS-WARREN FUND
TRUSTEES. REPORT AND UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
Prèpared by., Br8cher5 LLP
Somerfi81d House
59 London ROJI
Maldslone
Kent
ME16 8JH
571HOL0042.4

THE HOLLANDS-VIARREN FUND
LEGAL AND ADMINISTRATIVE INFORMATION
Trustoes
K Bannister
A S Palmer
DWHB811
Charity nurnbBr
279747
Prfnclpal address
Somgrfield House
59 London Road
MaiLlsloNg
Kant
ME16
Sollcitors
Brachers LLP
Somerfleld HO￿$e
59 London Road
Maid8tone
Kent
ME16 8JH
Investment advlsors
Rathbone Investment Monagermnl Ltd
e Finsbury Clrcus
London
EC2M 7A2
Indep¢hdèht examiner
James Francls
Ensors Accountants LLP
Incubator 2
The Bo￿levard
Enterprise Canwus
Alconbury Weald
Huntingdon
PE28 4XA

THE HOLLANDS-WARREN FUND
CONTENTS
Pagb
Trustees. report
Independent exsminofs report
sta19m8nt of fitwncial actSvltie8
Ba18llC8 sh￿t
Nol&s to thè accounls
7-11

THE HOLLANDS.WARREN FUND
TRUSTEES. REPORT
FOR THE YEAR ENOED 29 FEBRUARY 2024
The Trustoos preseTTrt their r8POrt and th8 unaudited linancial statgm8nt8 of the Charity for (hè ￿ar ended
29 February 2024. The trustee5 have adopted the provlsiop.s of the Statemont ol Fiecommended Practi
ISORPI"Accounling and Reporting by ChBrthe5" IFRS 1021 in pr6paring Ihe annu81 r8POrt and finan¢lal
slotemenls of tho tharity.
The financial slatem?nts have beeri preparvd ln pccordance with the 2CCOLinting Wicies set out in the
notes lo the accounts and ¢omply with the chartly's gevem'ng document, the c￿.ant*￿S Ael 2011 and
Accountif,g and Roportlng by CliariJe$.' Slat8menl ol Rewnmended Practice applicablE to ch81tbe$
proparing th8ir accounts in accordance wlth the Finaylal Reporting Standard applicablo in the UK ants
Republic of Ire'.and publlghèd in October 2019.
Obj8cts and a¢tlvltlès for thè publ1¢ btrntrfit
The oblecl ol Ihg charityls to asslst wllh lundlng the provlslon ol tempoory medicBI and Trursing seivic68 in
the home andlor domestic fv8lp. Following eon8ultalloN wllh thf) Charity Commlsslon Ihe charfly's activity
bcMJndiry has been extended from Borough of Matdslone to KeTrnl. Th8 Trust8es continue to alla¢h
irnwrtanGe to ensuring Ihal the seNi¢es funded by the ch8rily benefit the people of Maldstone as a prSorty.
The Trustees Confirm that they have referred lo the gvldance conl8ined in the Charity CornThission's
general oul(Jan¢e on publK benefil when r&vaewing the twsl's Hlmg ar.d oble¢tlves and the p18nning of
futur8 dofbaUoTrs and granls.
Th8 Trus18es ac¢&pl applicath)ns from t￿4VIdUal$ and organi$alions. Ead) appllcallon15 consldered
relation to the objectives of Ihe Irusl.
AchlevementB and porfomiance
Dunng th8 year endÈd 29 February 2024, the Trustees approved total grants of £280,OC() tv institutions.
As Sel out in Note 2 lo the a¢counls, the ¢hahty conbnueo lo provide grant funding lor nursing cale lo The
Hearl ol Kenl Hospi¢e. A one of donation of £150,000 was approved to the Htrart nf Kant Ho5PIGe.
At the year end, £75.ODO rèmakn&d payable to The Blackthom Trust ov&r th8 3 y8ar8 to 28 February 2027
in rd3t¥)H to the grant eommilment of £80.000 made In Iha 2024 year.
Revlew ol ffin&n¢lal posltlon and a¢tNltle$
Thè results for the year aJe setout on Page 5.
Tolal incom8 for the year amounted lo £89,87912023.. £92,0871 representing a gross return o12.5°kn12023
2.50AI on the closing value o,'the investments. Grants made in th6 y8ar amounted lo £280,00012023'.
£42,900) representing 311.53°h12023 .' 46.56¥010l in¢omo.
Aft6r accounting for other costs. whlch amounted to £16,041 for th8 year12023 . £7,245) and ptsrtfollo
Manage￿Ont feè5 uf £14,8OT12023 .. £14,8331, Ihp fund had a nel1055 of £220.96912023 net profil
£27,009) befo￿ Inve$tmenl portlollo gains and lossgs. SlpnKi¢ant reallsed galns and unrealised105ses on
the Investment portfollo wgre also rewgni88d during 11)e year1£268.772 and1£235,2301 r&specllvelyl
rellÈcling rnarket conditions. As a rosull. tho unr88lricted funds docroased by E187,428 In the year to 29
F8bruary 2024.
The valug ol Iho ¢harfll8 Inve8lment portfollo, including cash held lor relnvestment of £48,45212023'.
£8,462) amounl8d to £3,587,307 as al 29 February 202412023.. £3.678,342I,
Page 1

THE HOLLANDs￿ARREN FUNO
TRiJSTEES' REPORT ICONTINUELII
FOR THE YEAR ENDED 29 FEBRUAR Y 2024
Reservès Iln¢ludlno Reserve6 Pollcyl
Al 29 February 2024, the charivs unreslri¢led re$erve8 amounted ts £3.505,28412023. £3,692,712>. The
unresld¢ted fund r8prÈs8nls Ihe amount avallable for gen&ral charilatAe purposès al the discr81ioTh Df the
trustge5. Th& trustees, Intenllon lo k8ep reserves 8t16V8Is 5ufflcienl to conliyue to provide income which
will enable thetn to provide dona,.￿n5 lo approved 8ppllcadons, having regard to unfor8S88n volalllity in
Investmènt mhrket values. They believe the re5Etves posftion al 29 FebNary 2024 was satlsfactory.
Th8 trustees. Intent￿n Is to k88p a balance of income sufficlenl lo provhI8 ￿￿Ugh fvind5 at all tim&s lo
en8ble thom to ¢ont.'iiue with their current inlendecl ¢omrnilmgnls, considering pot8ntiftl falls in Incoine
ields and Interest rates. The trLislè6s also require funds to m8k8 one off dlslrlbuliDns urgent ca8os. AI
29 February 2024 the ch81ity had fr88 ressrves amounting to £-33,571 12023". £22,832). During the y88r &
Slgnificanl donallon was awarded to the H6art of KBnl, as this was a one off donaJon Ihg Tru$taes
anticipate the gBneral funds will r8turn to il P05111ve In ihe lollowlng year.
D6SIgnal￿ luncls a129 F8bnJ8ry 2024 lotal £3,538,￿5 (2023.. £3,6S9,8801- sèe Itotts B for d&lail8.
The TfUStee5 thErelor& anticipate Ih8t the overall level of reserves al 29 February 2024 $ali8faclory, as
well us sufticienl to fund the pbanned continued fjnanda,. support of The Heart trf Kent Ho$pl¢e, Blackthom
Trusl and Spar5gwork In the year ended 28 February 2025. assumlng donatbn5 CO.Ytinug at simllar levels lo
Ih0s8 paid in Ihe year ended 29 February 2024. A further three year commilnients have been to the
Blacklhom Ttust and Spadework. Th& Trustees ￿11 a150 continue lo consldor other funding requesis as
receiv8d during the nexltW81v8 monlhs.
Investment polky
The trustees haye wide powev8 of investment In acctsrdaTrse with the govgmlng instrurnenl Ilhe charitable
Irustd88dl and Ihe pro￿510￿8 of the Charlll&s A¢1, In conjun¢llon with th8 charill5 invB5tmenl 8dvisor$. the
value of the capilal of the fund where possible, thus producing a realistbc incotne from the Capital whlch can
Ihen be dlslributsd. Wh•ra approprlale, lh9 tru$18e$ may di5bibute ¢opltal in furtherance of th8 objects of
Ihe ¢harily.
The Tfu$tees havè revlewed Ihe major risks to ￿lch the charity is exposed and sys18rn5 have beBn
established tD mftigate thes8 risks. The funé5 invested and those held on dep081t are 5ubled lo the
ompliance procoduros of both the charSl51s Investm8nt advisors ond Brach8rs LLP.
Golng concern
The Tru3t8es hav8 no reason to b81i8V8 that Ihe eJ)arfly wll be uD.abl& to conllnue operating 85 a golng
¢on¢ern {ab18 lo poy il debts and grant cotnmllment5 as ihoy fall duel for a period oral least 12 months
from th8 dale ol opproving th858 accoun15,
Page 2

THE HOLLANDS-WARREN FUND
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 29 FEBRUARY 2024
StruGtUTe, uov4mance 8nd mana9ement
Thè charity was defined by a deed ol tru51 dal8d 18 June 1977, pursuant lo lh8 will of G80rg8 Holland8,
who di&d on 27 O¢tob&r 1938 and arislng on the death of IhB former life lenanl14Aiss All￿ Bertha Hollands.
It was registered as a ¢hority on 2 Apra 1980 having as lis governing docutnenl a deGl8ralioTr of trust dated
19 October 1979. Its règlSter8d number is 279747.
The oxisling Trust898 who serv8d during th& year were K Bannister. A S P8lm8r and O W H B@11. The
Trustees comprise professionals ￿lIh appwpriate skills io prop8rly manage Ihe Irusl assets and apply
those assets in o¢¢ordance wlth Ihe Irust deeé, glven Iheir kno￿edge of Ihg local area.
Any changas In tsuglee5 are 5ubjectto formal approval by all tru51ee5 offi'ce.
Approved by the Iruslees and 61gned on Ihelr behaw:
K Bannlstèr
Trus188
Dat8d.. 171 IT l.zo"a-Lt
Page 3

THE HOLLANDS-WARREN FUND
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE HOLLANDS.WARREN FUND
I rgport to the Iruslees on my examlnail)n of Ihe ac¢xunts of the Hollands-W&rren Fund for th8 yr
ended 29 February 2024, whlch are sel out on pagès 5 10 11.
Responslbllltl$s and bas1$ of report
As the charity Iru¥lees ol the Trust you ar& r&sponslbb IOT lh9 prèparalk)n of the accounts in
accordan¢8 with tho requlr8rngnls of Ihè Charltles Act 2011 ltre'Act'l.
I rgport In r¢spect of my examlnatlon of the Trusl's ac(*)unts carfed out under section 145 of the 2011
Act and In carrOng out my examlnatlon I have followtrd all the applicablg Dlr6Clions glven by t
Charity C(xnrnission under setst.'on 14515Xbl of the Act.
IndgponfJ¢nt 8xamlner's statement
I havo complotgd Fny 8xaminallon. l ¢OT)firm that no material matters have come to rny alt8TrUon In
nni)¢Uon with the examinats.on giving me causo lo bglievg that in any materia1 r8SP8cL
aceounlkng r8¢ords w8re not kept in r8spect of Ihe Tw5t as required by socllon 130 of th8 Acl.
or
2. th8 kc*ounts do not 8ccord ￿th those records" or
3. the a￿oUnt￿ do not CDmply with the applicable requlrernents concerning the form content
ol account5 set out Sn the Ch8riti8s (Accounts and Reportsl Regulations 2fK)8 other (h&n any
requirement that the accounts give a'true and fair view, which Is not a matter consSdered as
part of an Ind8pend8nt exatninatlon.
I have no Concerns and have come acr085 no other malters In connectbn with the ex8[nInat￿n to
whi¢h at18nlK)n should be drawn in thi5 rekK*t in order to enable a proper undwslandir¥g ol the
8ceounls to reach￿.
Jarnes Franc4S
Ensors Accountants LLP
Incubator 2
The Boulgvar
Enlery>rise Campus
conbury Woald
Hunlingdon
PE28 4XA
Dal$d.. ITr
Page 4

THE HOLLANDS-WARREN FUND
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 29 FEBRUARY 2024
Unr8strfcted
Fund$
Vnrè8trlctod
Funds
Yéar ended
2B FebTLtary
2024
Y&ar èndFd
26 Febrvary
2023
Notes
INCOME FROM:
Investments
Deposit ii¢¢ount ané other Interest
89.305
574
91,966
121
TOTAL INCOME
89,879
92.087
EXPENDITURE ON..
Costs of ral$ln0 lund8
Investment maDagoff$ foos
14,807
14,833
Charltablo attlvltle$
Granls payab
280,000
42,900
Other costs
16,041
7,345
TOTAL EXPENDITURE
310.848
65.078
NET ILOSSYINCOME FOR THE YEAR
1220,9691
27,009
OTHER RE¢OGNIS£D GAINS
Nel gain on investment8
33.541
36,193
P4ET PIJOVEMENT IN FUNDS
1187.4281
63.202
TOTAL FUNDS PROLIGHT FORWARD
3,692,712
3.629.510
TOTAL FUNDS CARRIED FORWARD
3, Jfo5,284
3,692,712
Pago 5

THE HOLLANDS-WARREN FUND
BALANCE SHEET
AS A T 29 FEBRUARY 2024
29 F?bruary
2024
28 February
2023
Notts
FIXED ASSETS
Inv8slm8nt5
3.S87,307
3,678,342
CURfte￿ ASSETS
Debtors
Cash al bgnk and in hand
184,e67
37,635
164,867
37.635
CREDITORS.- AMOUNTS
FALLING OUE WITHIN ONE
YEAR
1186,8901
123,26S1
NET CURRENT ASSETSIILIABILITIES
(22.0231
14,370
TOTAL ASSETS LESS CURRENT LIABILITIES
3,S6S,284
3,692,712
CREDITORS: AMOUNT FALLING
DUE AFTER MORE THAN ONE
YEAR
160.0001
NET ASSETS
3,505,284
3,692,112
REPRESENTED BY
Unreslricled fund5
Desl9NalL8d fvnds
G8naral lurKIs
3,538,855
133.5711
3,669,880
22,632
Total unrestrlcted funds
3,505.284
3,892,712
Approved by the Tiuslees on K1
K Bannister
Trustse
Pa96 6

THE HOLLANDS-WARREN FUND
NOTES TO THE ACCOUNTS
FOR fHE YEAR ENDED 29 FEBRUAR Y 2024
1 AG¢ountiog policies
1.1 Basls of preparatlon
The Hollands-War￿n Fund is a charlly reglstered wslh the Charity Commission in the United Kingdom
(Enuland & Walosl INO 2797471. The address of the re9islered officg Is Sornèrfiell House, 59 London
Road, Maldslone. Kent, ME16 8JH.
Th8 financial st8lemenls have been prepared in accordance with Accounting and R8POrting by
Charili8s.' Sia18menl ol Recommended Pracllce ISORPI applicable to charities pr8parfng their accounts
in accordance wllh th8 Financial Rèporting Standard applicable In the UK arbd Republ￿ of Ir&land
IFRS1021 issvod in October 2010 Ihe Fin8ncial Reporting Standard applicable in the United Kingdorn
8nd Repu￿1¢ ol Ireland IFRS102}, the Charities Act 2011 and UK Gènofally Accepted Practico. The
arily constitutes a public benefit entity as deflned by the SORP.
Th8 charity has opl8d not to prepare a cash flow 8lalement for Ihe linanclal perlod, as permitted by the
2019 St81ement of Recomm8nd8d Practice.
The Ilnandal statements have Iken prepared to giv8 a'truo and fair vieW and havo doparted frotn Ihe
Chaiilies (Accounls and Reports) Regulatlons 2008 only to lh& ex18nt required to provide a 'lrue and fair
ev/. Thls departu￿ has involved follo￿￿9 the Accounting and Fieportin9 by Charities.. Statement of
Re¢ommended Pracli¢e applicable to Gharilies prèparing their accounts in accord8nc& with the
Financial Reporting Standard appIl￿ble in the UK aTrd Rèpubllc of Ireland IFRS 1021 issued in Oclob61
2019.
Th& linanclal slalemenls are preparod on a golng concern basis L4nder th8 historical cost convenllon.
modified to Ir*¢lude certaln items al fair value. Tha financ:"al statetnents are pr980nled in slerling whlch
1$ Ihe lunctional ¢urren¢y ol Uie chailly and ftjunded io the nea￿$1 l.
The $ignrficanl accour)liro policies appli&d in the preparatSon ol these financial 5taternents ar8 881 out
b8low. These policies havo been consislgnlly applied lo all years p￿sented unle55 Otherwise stal8d.
1.2 Ineornè rneounltlon
Donations, legacies and othei lortns of volut¥t8ry inc(￿8 ar8 recognised as income wh6n rocoivable,
except In50far as fhey are Incapablè of financial measurem&nl.
Income from Inveslmenls is ￿ ¢￿gnISed on an accruals b8SIS.
1.3 Expendlture recognltlon
All expenditurv is aGcoun18d ft)r on an accwals basis and ha5 been clas5ih.ed under h8ading$ that
aggregat8 all costs relaled lo the c8legory.
Grant oxpenditure 15 recogni58d when awardod to the redpl2nl. The expense is Included on an a¢cruo18
b85is in Ihe year in which a legal or con8tru¢livo ob11galion lo pay the grant arises.
Costs ol raising lunds are those investment maNag8m8llt fe8s foT both Inwnie gener81ion and capital
malntenance.
Charitable 8ctivilics include expeTrdilure associatocl wilh Ihe making of grants don3lions and
incluite both the direct costs and indir8¢1 costs relating lo Ibese activities, on an accruals basis.
Page 7

THE HOLLANDS.WARREN FUND
NOTES TO THE ACCOUNTS ICONTINUEDI
FOR THE YEAR ENDED 29 FEBRUAR Y 2024
1.3 Expendllure reco9nition Icontlnuedl
Irrecovgrabl8 VAT is charged against tha cato90ry of re8our¢$ 8xpènded forwhich it was Irbcurred.
t.4 Investments
Inv£slm¢nts aro recogni89d at falr value which is normally the transocllon prfee exdudlng Ifansaction
¢08ls. Subsequen4ly Ih9y are rneasured at lalr valve wth changes recconlsed In'net galnsnosses on
inv9slm8nls' In the Slalemgnl of Flnancial Activlli8s ISOFAI If shares a￿ publicly traded ol thelr lalr
valu8 c&n othèrwise bg measured relSably.
Raali8ed gains and losses arising on dlsposals are ￿cOgnised in the SOFA when the procoed5 are
receivable.
1.5 Fund accounllng
The funds held by Ihe charity unreslrfcted funds which can be used in accordance the
ch8rilable t>b￿tIVeS 91 thè discretlon of the Irusle@s.
Designated funds c(>mprlse lund8 which have been set a$icle 8t the discretion of th8 trust66 for spaeific
purpos￿. The purp￿$ and u$e8 of the designated fund8 are sét out In the nolos lo th8 finandal
slal8menl3.
1.6 Cash and ¢a$h equlvalenls
Cash Is repr8senl8d by cash In hand and deposits with financial institutions ropayaw ￿1th￿l
penaliy or nolce ol not mom than 24 hours.
1.7 Llobtors and credltors recelvabl•lpayablg wlthln one yèar
Doblors and creditor3 Wth no staled interest rate and receivablg ar payable wllhin one year ar8
recorded at trdn88ction price. Any losses 8rising from impairrnenl 8r8 r8COgnlsed In 8xpendilure.
1.8 Golng Con￿rn
The flr+anclal Èlatemenls have bsen pr&pAred on a going concem basis as the truste8s believe that no
malerlal uncertalnlles exist. The trustees have consldered Ihe leve1 of ￿ndS hold and thè expected
lev&1 ol incomé and expendllur8 for 12 months from auth0ri8ing these financial stgt8m8nts. They
believe that the @S￿Mated Income and Èxpenditure is 8uffici8nt wlth the ac¢umulat8d r058Nes lor th8
charlty lo be able to continue as o going concern.
1.9 Judgemonts and kgy sources of estimation uncertalnty
Ac(￿U￿tIng estimal8s ludgen)ents ar¢ ¢ontinually evaluated and are based on historical experience
8r5d Other factors. including expectations of future events that are b81iev8d to be reasonable under tho
eircumstarfes.
Page 8

THE HOLLANDS-WARREN FUND
NOTES TO THE ACCOUNTS ICONTINUEDI
FOR THE YEAR ENDED 29 FEBRUAR Y 2024
Expendlture
2024
2023
Costs gf ralslng funds
Investrr*nt management costs
14,807
14,833
CharltablB actlvltlgs
Grants to institutions..
The HBart of Kent Hosplce
The Heart of Kent Hospice
(donation towards new Hosple91
Rapid Respoiise
Spadework Limile
H05plce In the Weald
Hypo Hounds
BlaC￿thorn Trust
20,000
150.000
20.OQO
2,900
10.000
5.000
5.ODO
80.000
80,000
280,000
42,900
Other costs
Legal and administration fe8S
Independent exam'nation lees
Irre¢overable wilhholdillg lax
Forelgn exchange dlllerence
12.694
1,890
8,001
1.800
779
461
13,2351
16,041
7,345
Total
310,848
65,078
Reconclllatlon of grants payable
Commitments a11 March
Grants paid during year
Commitments made in year
20.000
155,0001
280,000
45,433
168.3331
42.9
Commitm8nls at year end
245,000
20,000
Commibnents at the year end are payable as follows..
WithlTh one y8ar (note 61
After more than one year (note 71
185.000
60.000
20.000
245.000
20,000
Page 9

THE HOLLANDS-WARREN FUND
NOTES TO THE ACCOUNTS ICONTINUEDI
FOR THE YE4R ENDED 29 FEBRUAR Y 2024
Trust¢•s and relat8d partles
None of lh9 Truslaes lor any p8rsons conne¢le(I wlth them) recelved any rèmunerallon orexpens86
18lmbursgd during the year12023.' nono).
During the year the trust was Charged £12,69412023 £8,001) lor day to day admlnistiation and
accovnlancy sèivlces by Brachèrs LLP. a lirn of solicltors. One of Ihe Trust085, K BaTrnisler, was employed
by Brach8rs LLP but has si￿8 retired. At the year end th¥ Irust owod nil12023 '. £1,465) to Bractrers LLP.
Employees
There were no ernployÈes durlng the y8ar12023.' none).
Flxed asset Invgstrrt8nts
2024
2023
L15tsd Invo$tmentS
MaTkel value at l March
Additions al cost
Dlsposal procegds
Reallsed gains on disposals
Unrealised galns on rev81u8tion
3,669,880
410,504
1575,071
3.615,975
394.763
1377,0511
268,772
1235.2301
106,030
(69,8371
33,S42
36,193
Marf(et value at yoargnd
3.538.855
3.669,880
Cash
48,452
8,462
3,587,307
3,Q78,342
Historical (yJ5t of Investments
2.427,818
2,323,612
The portfollo was comprsad a8 follo￿..
Equltios
Fixed Interest
Unil Trusl
Commoditi8$
Cash
2,676,393
494,653
311,915
55.894
48,452
2,743,553
401,988
440,537
83,B22
8,462
3,587,307
3,678.342
Page 10

THE HOLLANDS.WARREN FUND
NOTES TO THE ACCOUNTS {CONTINUEDI
FOR THE YEAR ENDED 29 FEBRUAR Y 2024
Credllors.. amounts falllng dug wlthln ono ygar
2024
2023
other cr8dOtors
Grants payable {nolÈ 21
1,89D
185,000
3.28S
20,000
Totsl
186,890
23,265
7 Credltors.. amounts lalllng due after more than one year
2024
2023
Grnnls payable (note 21
60,000
8 D•slgnated funds
The income funds of the charity Include the followlng designated funds iyhirh have bBgn 8et aside oirt ol
nr85tfiCted fund5 by the trustees ftsr speciflc purposag..
1 M?￿h
New De$lonalions
2023 d6slgnatlons
released
29Fèbruary
2024
Inve51tnent fund
3,869,880
444,046
1575.0711
3,538,8SS
1 Mareh
New Designatlons
2022 desl9nalion$
released
28 Ffybrnary
2023
Inveslment lund
3,615,97S
430,956
1377.0511
3.66Q.880
Inveslmeni fur￿ . these lumls are iThv&sted io maximise totsl raturn and generate Incom6.
Page 11