Charlty numbèr. 286350 THE CHARLES LrrrLEWOOD HILL TRUST Tru8tees' Report and Flnanclal Statoments For the Year Ended 31 December 2024
Page Rthrnnc• •nd anIstratIV• d•talh5 of th• Chalty. kn TruBt••s al advlmrs Tn•t. r•port Indopend•nl audltorn. r•port on th• IIMKl•l 8t*•m•n¢F 8tstsm•nt of Ilnanclal actlvltl•• 10 B•lanc• 8lw•t 11 Not•• to th• fln•nclal •tatem•nts 12-22
R•f•rnnc• and Adminl8tTrliv• D•t•dB of th• Ch•rfty. il• Trust•M and Advl•ws Forth• Y••r End•d 31 D•¢Trb•r 2024 C W L Barratt THF8rr NRSa JDPea Chlty rngl•t•r•d numb•r 286350 Prlnclpal office PO BOX 10454 NottiThJham inghamshye Independ•nl audftorn PKF Smlth dIt Lknlled Stsiulory Authlors 2 Lae Market Squ¥e Noltingham NG1 1PB Sollcltord Keystone Liw Um6ted 48 Chanc8ry Lane LtyKlon WC2A 1JF 5 Opie Street NR13DW P*Je 1
THE CHARLES LrrTLEWD HILL TRUST Trust•o$' R•port For Ihe Y•ar End•d 31 DoC•mr 2024 The trustees present their annual report with lh& audknj ffinancial ststements for the year ended 31 December 2024. The finanaal statefflents have been prepared ac%ordance th the accounting pcAici88 Set out In note 1 to thè accounts aTrJ comply wilh the le$ ol the wll under whith thé trust was estak1$had, the Charitses Act 2011 aThJ Financial Reporting stand 102 The FnCIal Rewling Standard applicable in the UK d Republic of Irelrf (FRS 102) arnl the Ch•itss SORP. ObJ•¢tlv•s and actlvlll•s a. Pollcles and objectlvos Th& sole objectwe and a¥ty the Irust Is gvirKJ of wts. The trustees are aware that th8y must carry on the charivs activiti88 for th8 public beMfit and lh tw must pay duo ward to th6 wJanc8 on public beneffit Issued by the Chwity Commission. In setling 08CtIveS ar¥J F48Ming for afAivibes. the trustees ha given due c£nsideratKJn to gener81 guldance published by the Chaiity Commission relating to rAA)IK benefft. irbJJding the gdance 'Publlc benefit.. runnlng charty {PB2y. b. Stratsglos for achl•vlng obl•GIIv•• The trustses Cxinsldw that the dty$ aims and obi¢¢ti¥aS for the wblic ben8ffit slnce tt Is a grant maklng thjst and grants ara On mad8 to other drIts8 WlsatiOnS arKI not t> YKlivi(knak5. M•kn actMtIM undortakon to fwlher tho Charftys pwpos•s forthe publbc ndIt The trustees nsIder all wiitten appIltIonS made kn them by charitable organi5ations. Sh applications are reviewed by every trustee prior to the trusle&s' fc4Jr-monthly meetiryjs and we discussed at such meetings. Grants arg awarded at suth me8t'rKJs to Ihose wjanlsatlons •ch the tnjsitss collectively c)nsider to be Worthy of their support. Grants are awarded rAirK¥• to Inslitu bas&J on their lèvel of nèed and with a geographical bias IrdS Winghamshwe arKI Nwfrjk. hl•v•m•nts and porfalO Key finarKial perfL nthcakns are dls(aMed In dDtsI In Ihe r8vlvw of acttvllles bth. b. Revlow of acll¥ili During the aT the net income gener8ted by th8 tnl (after ch8r9ir¥J supp¢yt costs but b8fora takrtg account ol reali5ed arKI unrealised gainsnosses investment assets) was £134,81412023: £141,986). During the year the trustees awarded grants amounting in aggregate to £130.2Th) (2023: £151.IX#J). A break(hxn of the grants made to organlsath)ns for £1.(100 or more be fOj no195 to the accounts. This ygarfs surplus of ng1 incom8 ovar grants resulted in the mUted in(x)me of the chTty fr88 r88eNes) incre8siry from £82,779 to £87,393. Thg net after-grant surphjs ralad by th8 bijst (bth ithng •xount ol r8alis8d and urrnlised gains08888 i)n investment assets) was £4.614 (2023: deficlt of £9.014). The net afterranl surplus for the ar (after takiNJ account of re81is8d arKI unrealised gans110 on investment assets) was £39.183 {2023: E223.548). The net Osgets of the trust at the >Tar eThJ to £5.849. (2023.. £5O10.3821. Pag8 2
THE CHARLES Lrr[LE HILL TRUST Tntst••8' R•port (continu•d) For th• Y•ar End•d 31 Dwrnb•r 2024 Flnanclal r•vl•w & Gokng ¢onG•rn er making approprfate fjWJk5. ts Iwstees a reasL¥th expeclatSon that Ihe Charfty has adequate rgsoure4s to continu8 in Operation exl8t8nc8 for the for8888abl8 fiJtur6. For this r8a8on, thoy continu8 to adopl the goiro CLMcem basls h prepaklng the financiat statem. Furtherdetails regaNling the loptlon of the goiNJ ncm basi5 can be fr1d in Ihe aoUnting p¢rIes. b. R•s•rv•s pollcy It 1$ the general policy of the trust to relain all of the catyal thlch cfjwrlses pwl of Its reseryes and to dislribule 8ach yp8r throLb3h grants all of the trusfs income i8 used to meet its govemanc and management ccsts. However, th& trustee$ roservo thè ablity to retain part of th9 tr$ in¢omè any #r as part of ts reserv05 ar¥J not io dislribut8 th8 whole of the urw)ende(l income if in thot year the trust r8cNes insufficignl spplications grants lch Ihe trustees cons#Jerworthy of theff suptM)rt andlor the twstees b811eve the value of the trusls in¥estrwts has fallen to a S#Jnif1 exkn c. Mal•rfal In¥estmonts polky The tiu$tees' investrnent assets are M¥ged by Iiveslment advisers. The apIntMa of InveStnnt advlsers Is rwti8Wg(I by the tsustees perioditalty. The TreTht athisers are Barratt & Coce Limited who we emplo>ed on a discretionary basis They are wistructed by the trustees to iDvest in a wrfolio wll generate a balance of income arKI growth with 8 medKiTrhigh risk profle. Duriro tha year, the Invest1 g6n¢ralod agwato roalised and urYgali$0d gain$ of £34.9 12023.. £232.5621. The aggr8g8te valug of the iivestrnents. induding capltal ca8h of £152.420 {2023.' £148,606}, increased from £5.721.260 to £5.753.944. Thè inc¥ease during thè ypar of O.S7% compams with a 11.39% Increa86 in the PIMFA Growth Index. the trustee5' benchmark {in 2023 the aggregats value of Ihese Inves1mts increased over the >wr by4.21% wnpared hcrease of 9.01% In the PIMFA Gro Index in that year). . Constllullon The trust was establlsl*d under the of the late Charles Littlthvc#)d Hil who died on 6 Januwy 1978 and is registered chwity {Ch rvJmb8r 286350}. Ur his he dirKted tr1 Ihe Charitys fund should be used for such charitable wrposes as the trustees n Ihow absolute discrotion cDnsiderllt. The trust dogs not actively ralse funds but $88ks to ntinue th8 tharltsble reques by the teststor through carefvl st6wardshlp of its existlng resourc8S.
THE CHARLES LITTLEw HILL TRUST Trust•es' R•port (cOnlwbuj b. M•thods of #ppokntm•nt or •l•th al Trustw• Trust685 aTr apwintod as and continuvvJ truth8s Ihink fiL Th8 Y1 imFw•s no limitation on the periods for which trustees shal serye and rn such lknitations havg been mado on the appoiitmtsnt of the ¢urrent trust. Because grants are made Fviiopaly to oftjanisations base(l in NOttinMShIre and N¢yfolk, new trustees are likely to peN)n$ who reside in aThJ we knthAedgeat4e ab(Art tharilabl8 insUluknn8 In those untss. At their four-monthty meetinw the trnstees agree the broad strategy and areas of activity for the INSL including nsidèration of grant miry. inV8strr( res8rv8s and risk managennt p)licies Fknance. The day to day administration of the grant processing arKI of the handing cl appI10n$ prior to conslderation by the tru$lees i% und&rtaken by Mr D N Lindloy wtrb) can be ¢tr¢t¢d at PO Box 10454. Nottinghan, NG5 OHQ. The trustee8 keep Ihelr skjll requlrements urmler revlew. The Irustees ar8 encouraged lo attend r81evant extemal trainlTr3 with regard to relevant legIati( dnge5 and their rL4e as tNstèe8 gèneralty. The induction process for any appointod Compriw of a m9 or meetir#Js Ihe powors and responsibilities of twstegs a1 the grant ming wocess adowd by the twsL NevAy appoint8d tNste8s are provided wilh ¢opies of Ihe wll of the late Charles Flill. copies of the last three years. annual reports and accounts of thg Irust and of th8 MJ1$S of the last swrs. trustees. me8liry$ as well as a rwy of Ihe Charity Commission's retevant wmjance. ¢ R•latsd party rnladonth Tho Lady Hind TrLtst is a nneth thaTY bgcause it has comnK)n trusle8s to The Charles Litt58wood Hill Trust. The Lady Hind Trust Is a registwed ch81ity. tharity reglstration nL¥nber 208877 and can be contactgd at PO Box 10455, NottlNJham. NG5 OHR. No transactions have taken ploce betwn th8 two charlknes dn9 the snars end8d 31 Decwnb8r 2024 or 31 Decwnbw 2023. d. Flnanclal rl•k m•nag•m•nt The Iru5tees CLSidered the WfKwI risks to whKth the (arity 15 exposed. COnmilVj cash. investments and grants and have review Ih¢)se risks and have ostablthed systems and PTLKedures to manage Ihose risks. The risk management stra18 is revbwknj Plans forfulure p•rlods The tW8tse8' Ll•Xlve Is to enswo that in firture >ars amounts d Income not of expgndlture that are avallabl8 for di8tribulion lo other charitable organi&*ion5 wKxeasos year by arat a level in excess of inflation. rf F)ossible. At the same timo the tsustegs recognise thal Ihgy shoukl tinue b invest in lop quaknty propety fun(ts, fixed interest secjjrities, ir4J8x linkwj securilies aid oquilies in (Wder to enwre, as bgst as they can, the continued grtrmh of the trust fur.
THE CHARLES LITfLEllflOD HILL TrUST Tntst••s' R•port IntInu9d) For th• Y•ar Endod 31 D•G•rnbor 2024 stat•m•nt of TruIt•' ro•pslitI•$ Th8 trustèes arè responsl>le for pryx¥J the Tntsteeg retKxt aKI the financial statements in accordance vAlh al¢able law unit Acc(wntlThJ StaThkrd$ (Unit1 W(IL¥n Gerwally Pugptgd ACCOtIr9 Practic•}. The law appkabla to charil8s In Er¥Jland & Ws requlre5 the trustees to wepare Ilnanclal st8tements for eath ffinan¢ial 1¢h give a true aThJ fair of the state of affairs of the Charity aThl of Ils Incomlng resources and apPIon of resources. induding ils irthme arKI exrRrKkn. for that pu. In preparing these financial statements. the trustees are Uired lo: 8el8( suitable a(xnuntmg pclicies apty thwD consistenty, observe the methods arml F1>[deS of the Ch•iiies SORP IFRS 102): make judgments and anIjng estlmates that are reasonable and prudent, stste whether applScabl8 UK A£counling Standa$ (FRS 102) kAve been follod. subJ8ct to any materlal departures dlsdosed armfj explained in the ffinancial statements: prepare the finan¢y81 $tstefflents on the goiry conwi basi8 unless 11 is inapprcpriate lo presume that Chanty WTII ntinu0 in j¥InesS. The trust89$ are rgsplmsible lor ke8tAng ad8quate acCOlIrj r8cord8 that ara sufficient to show and explaln the Charitys tran$acUons and dlsc)se w6th reasLy)able ac1CY at any time the finanoal poslllon of Ihe Charlty and enatAe Ihem to ensure that Ihe finwoal statemgnls comFAy wilh the Chaiitie5 Act 2011, the Charity {Acwunts and Reports) Regulations 2008 aThJ the provion$ ofthe Tfttsl deed. They are also respmslble for safeguardlng the assets of the Charity hence for tsking Tea50nable step5 the prevention arKI detect1 of fraud and 01her Irregularill8& OlscloBur• ot InlornMllon to authlorJ E8Ctb oflh8 persons who are thJste¢$ at the time tt¥s Trustogs. fowjrt is apwov¢d has ¢onfimied that.. so far 8S that trustee is aware. Ihere i8 r¥J r8levant audit information of th8 chS auditors are that trustee has taken 41 the steps thal oughl to have been tsken as a trustee in order lo be awarn of any levant audit infonnation and to esl4)lth that th8 charitys wditors aware of that inf0Mli. by order ofthe rrwnkn ofthe boord of tW8tees and on th8Sr behalf ty. N R Savory Trustee
Ind•p•nd•nt PAKlltors' Roportto th• IAemkn of Tho Charles Lli11• Hlll Tnmt Oplnlon We have aLKlibJ the financial Stalem ofThe Charles LlillvwtyA Hll Trust (thg'charfty) for the ended 31 December 2024 lch comwse the Ststement of Fknancld Aciivities. the Balance sheet arMI the related notes, induding 8 summary of slgnificant a¢(n11ng tM)Ides. The farKi81 reporknng framework that has been applied in their preparation is aFph'cable law erwj Ur¥ted KIr0M ACCnting Standard5. induding Financral Reporting standard 102 Thè Financial Reporltng Stamlard the UK and R¢wbk of IaKI, IUIMttrJ Kingdom Generalty Accerrted Accountiig Practice). The finandal slalements have been prepared n 8ccordanc wllh AccclIng Reporting by Charfties proparrvJ their accounts kn accorda wilh lh6 Fmancial R¢p)rliro StsJbJards apFdi¢lo in th& UK and R•wbli¢ of Ireland {FRS 102) in w8f8rance kn the Niwunthg and Rewrting by Charitss.. Statement of R8comm8nd8d Pra¢tirR issued on 1 April 2005 whkth is referred to in the 8Xtant re9uLqtions lyjt has bean thdraWn. Thls has been in order lor the accounts to aThY fair viv in 1rdance %Mth the Generally Accepted Accounting Pr8CtKe effective lor reporting periods beg1m1 on orafter 1 January 2015. In ¢xr opiniw th• financial stateme. gN¢ a trug and fak ¥iow of Ihe state of th& (th81iVs affairn as at 31 D8(mbw 2024 of its incomirKJ resources and applicatiw of resowces lor the yew end&J: have been Fwerfy wepared in accordance wlh Unilod lfjngkn Generally Acceplgd AccounUrvJ Practice: and Basls for oplnlon We conthcted our at in accordance wrth Inte1)nal Standards on AudtrwJ (UK) {ISAs (UK)) and appllcable law. Our respMsibilities under those standards are further desLYbed in Ihe AlItorS. responslbllitles for the audll of th& financi818t8tements seth.on of our repcrt. We we independent of the chaiity in acrdanCe with the ethical requirements that are relevant to aKlil of fKwioal slalements in the United Kingdom. indtMJing the Financtal Reporting C(nCil,5 Ethical StaThJd. aThl * have fulfiled Jr other etlN¢21 reSpSIbIlI11eS In accordance wlth these requirements. We believ8 Ihat the aud ebwlenca have oblain8d 15 sufficient aThJ approprlat8 to provldè a basis fty Conclu•10 r•latlng to golng conc•m In audlthYJ th& lknantial statemts. Twa have c&ILKI9 Ihat ts TrusteOS' U59 of ts going c4Jnc8m bas15 of accounting in thg proparatirm Lrf the financial slatements Is apwcirhle. Based on the V•YNk have perfNm8d. not Nknlifd any material uncertaln16es relating to events or conditicS thaL irwjividudty or ccdlectivety. may cast signrfKznt doubt on the chS ability to continue as a goirvJ concem for a pwiod ofat least Iwelve nKmths fr(xn wIn the finaKial slatemnls are authorised lor tssu&. Our resF<Jnstilitses and the reSpjI of ts Tr *ith resped to goiNJ con¢em are des¢ribed in the rel6vant sections of this r8porL
THE CHARLES LITrLE frILL TRUST Ind•p•nd•nt Audltors, R•port to th• ltsmb•rs Th• Chvl•s LIttl•wd Hlll Tt (Gontlnu•d) Other Inforniallon The other InfmatTh the inftwmth kuJed n the Arwwl Tep(xt other the financi81 staterrwnls ar our Audit. report th8reon. The Trustges are responstsl8 for Ihe other information contain8d within the Annual report. <)Jr Opini cn the finanoal Statennts th)gs nol cover the other inforrnation and. exrEpt the extent otherwise explwitty stated in OLf rep(rt do not eXFss any fonn of assurance condusion thgreon. Our re5ponsibilty is to Tead other infomiation , in (kwvj so, consider whether the otr informalK)n is rnatertalty in¢onsistont Iwth the thwcial ststernts krKyththYge obt8in8d In th8 course of the audi( or oth8ws8 app6ar8 to be materialty misststed. If wjentify such material inconslstendes or apparent material misstatements. aro r8quired to detennine wheth8r this gives rise to a material misstal8m8nl in th8 finanrAal stat8m8nts themsefves. If. based on the work ha4 pgrf(Kmed. VIP ndUd0 that Ihere Is a materfal mi88talement ofthls 0lh8r Infornth. we arn reww&l b rewtth fa(£ We hm nolhirwJ to rryryt n thk8 rad. M•tt•rs on whlch arn requlrnd to fewt by •xcepl We have nothing to retKXt in respert of lh8 lo1lrywij matters the char6$ {AcccAJnl$ arml Rèports) Regulations 21))e requires us to report lo rf. n our 4)iwn: Iho inforniatm givffi ui th6 Tnts65' rrfwxt is inc$1 in any mth81 respe¢t with the financial stalem8nts." or suffiaent acojunllng recoftls havè not been kepl: thg Iln8ncia statements are rKrt in agreement with the and relwn& or we have Th)t recer4ed all tho aThJ 8Xpl1101ts w6 r8quire for cMJr audit. R•8pon$lblllllo8 of tru•t••s As explalned more fumy n th8 Trnstèes. re$sMI5 statemènt. the Trust$ e responsible for Ihe preparation of the finan¢ial stslements whth gve a tsue and fair Yew. for su¢h inièmal control as the TteeS delemiine is nac8SWy to 8nable thg prep¥at of f#wla1 statnts that ar8 freg from material misstatement, whether due to frathd L¥ emK. In prepng the finaThxl $talements. the Trustees are resp(Ible for assessing ¢hty$ ability to contbnue as a going concem. disclosing. as pIabl, matters relaled to g)rwJ concem and usirvJ th8 going concern basis of accoLntirvJ wless the Trustees wther intend to IhwkJ8ie the charity or to cease op8rations. or have no reallsyc altemawve tJt lo so.
ThE CHALES LIMEW frILL TRUST Ind•p•nd•nt Authlors. R•port to tho IA•mb•rs of Th• Charl•s LIttl•d Hlll Trust (contlnu•d) Au(Itorn' rnspMslblNllos forlh• audtt of Ihg lwKl•l slem•nls We have been apinted as authtor 145 of th& Charllies Act 2011 avj report in accordance with the Act and relevant rewlalims made or havtrw effed themrthr. from material misslatenwt. whether due to or error. to issue Auditors. report that Indudes our opinion. Reasonable assurance is o high lavd of assurarxx, but is not a guarantaa that an audit conducted in occordance vAth ISAS {UKI ahyays detect a mal8rHI misstatement )en it exists. Misstatements can arise from fraud or error and are considered material if. iThjidUIY or in the aggr8gale. they could rgasonably be expected to inffluence the eC0Th)m (Je¢isiLYbS of users taken tho basis of these ffinanal statements. Irregularitses, Iruding fraJ, are instarKX ofnoTr£1C8 Vth laws and regthtiorls. We design procedures In line wth our responbdili88. cthined abo¥8, to deteci material misstalemnts in respect of irr8gularitl8S. induding fMJd. The exknt to wlmth ow wc¢edures are capth of deteding Irreg711es, Indudlry fraud . detsiled below. Based on our undernlandirwJ of the tharity and [lUSty. ¥ identify the key laws and regulatlons affectirwJ Ihe charity. W8 lentifi8d thBt thg FYincap4 risk of or rKcnPli3nca with laws and r8gulations relatèd to: manag8m8nt Imas in resp9( ofacowntiryJ esbnwtes and m8dg' management override of contrd: of Unusu pumals or transad#ins. We focussed on th08e area8 that cx¥Jld give 1186 to a materid misstalement In th& Tnjsvs finaal 5tatemgnts. Our procedures knthdgd. tArt re limiled to.. Enqulry of manawwrt ond Itw dwged wlth goverrwKe mirKI actual and ntiaL litigation and daims: Revwwirba mnutes rneetings ofthose cawpd ilh governa where available" Re¥Ewir#J financial 5ts1ement disclosures testirvJ to SUppg dOcUnnI8II b a$96ss compliance with applicable laws wsd rewlatkm: Performlng audtt wk over the risk of managlent 0rride of controls. Includlw tesllr¥J of iwmal entiies and olher adjustments for appropriateness. evdualM)g the business rational8 d SnCan1 trarffjactions outslde the nomial of bu&ness and rev19 tirJ eslimatss for bias. It is the primary responsiblity of managemert vrith the oversight of those charged with govemanc&. to ensure that entitys operations are C(U¢(8d Sn tsdance wilh tho pmmsions of •KI regulations and for t Because of the knherent Ilmnat#)ns of an 18 8 ri8k Ihat rrfjt deted all irregularitles. knclLvJirvJ those lea¢&ng lo a matsrial mlsstatem8nt in the statemènts or KIn-mpli¢a wth regulation. This risk Increases the more that compliance with a or rewlalicfft is removed from the events and Iransactions reflected in the finarKial ststements. as we *fjll be less likety to become aware of inthcts of non<omplianGe. The risk Is also greater regardiTr3 irrewlarikne5 00¥rrIng due to frawj rathw than error, as fraud involves Intenllonal concealment. ftygery. wllusion. Omissi or 1r$reptstl0n. A fvrlher descriplion of cT reSnbIlItIeS for the ajIt of Ihe flnandal statements is located crfl the FinarKial Reporting Councifs websitè at: wvM.frc.o .ldi10rSr sibilitiès. This descrytion fomis part of Audltor8' report. Pwjo 8
Indend•nt Audltovs. Rap(#lto tho IAombws of Tho Charl•s Uttl•waod Hlll TruBt (Gontlnu•d} U8• ol ¢xY r•port rewt is madg sol8ly to the charivs tnth. as a b(ty. in accordaN wlh Part 4 of Ihe Charities (Accounts arNJ Reports) Regulations 2008. C4Jr au<t work has been undertaken so that wo might stste to the charitys Injstees those matters we are rewffed to sl8k lo Ihem in an Auditors. repjrt and for no other purrrf)se. To the fullest extent perntted by law, we (kn not accept or ossum responsibility to anyone other than the charity and its Injstees, as a body. OLK •JJlt for Ilts reFrfrt or for Ihe opinions we have fonned. PKF Smlth Coop•r dIt Umll•d ststularyAuditors 2 Lace Market Sware Nottingham NG11PB PKF Smith Cooper Audit Limii8d are elwJth to as in lernis of se(aicm 1212 of cPanieS A 2006. Page 9
THE CHARLES LITTLE10 HILL TRUST Totsl funds 2024 Totsl funds 2023 funds 2024 In¢om• from: Imiestrnents 153.8B2 151882 159,294 Tolal Incom• 153.882 153.882 159.294 Exp•ndltw• on: Charitable activities 149268 14936B 168.308 Tolal oxpendltuve 149,268 149.268 168.308 Not Incomel(oxpendltur•) boforn not galns on Inveltrnents N8t galns on invostm 614 4,614 (9.014) 232.582 Not mov•m•nl In ld8 39,183 39.183 223,548 Reconclllatlon of fitnds: Total knds brw foNr Net movement In furKI8 5,81Q382 39,183 5,810,382 39,183 5.586.834 223.548 4849,565 5.WJ.565 5,810,382 The on pag88 12 to 22 form part ofth8se f#w481 stalements. Pagg 10
THE CHALES ufTLEWWD HILL TRUST 2024 2023 xed •ssets Invéstments 5,601,524 5,572,654 Curr•nt as••tS Cash at bank and ¥1 haNI 244.068 Creditors: amounts falling duo within on8 16.688) 16,340) N•t currnnt ass•ts 248,1141 237,728 Total asmts l•ss curT•nt Il•blllti 4849,565 5.810,382 Total n•t •sMt• 5,849.565 5.810.382 CharSty lund8 Unrestricted 14XKIs 5W,565 5,810,382 Tolal fund¥ SW.565 5.810.382 The ffiancial statemgnts approvod •xl afftKi$8d issue bythe Trustogs and $wJn8(l thqir bohalf ty. N li Savory Tntee C W L Barratt THFarr Trustee Daie:3e> 265L£ , notes on pages 12 10 22 part oflhes8 statemgnts. Page 11
THE CHARLES uTrLEwD HILL TRUST For thg Y•ar End•d 31 D•¢•mb•r 2024 Ac¢ounllng poll¢l•s The ffinanaI stai8monts have bg8n Fry>al1 n aco)kn the Charities SORP IFRS 102) . ounting and Reporting by Chae$. Slalwnent of Re¢ommended Prnctic8 opplicablg to charities pparIng their accounts wi aco)rdanee ith Financial Reporting Standard appucable In the UK and Republic of Ireland (FRS 102) {effethe 1 January 20151. the FinancAd ReP?n9 Standard •PFdibEe in thé UK arKI Reput of Irelar#J (FRS 102) th8 Chaiities A¢t 2011. The finel81 statements wepared fft Stethg Is the funclK)nal rre of thè Trust and roun<kd to the neare £1. The Charfes Llltlewood HMI Trust meets the definition of a public b8nefft &ntity u)d&r FRS 102. Assets and liablities are inibally r•cognisad at $tor0pt Ix)st or transaction value unless otheNils& stated In the relevant acCo[vj poliw. 12 Incorn• All income is recognised once tho IHS enli1 to ts in¢on. it Is probable that Iho income vrll be recerrnl Ihe arYw of •Kxne ree8fvab can be mgasured relmtty. lrtom8 from wwestrnents 18 recgwlsed kn the incL¥ne aj expenrfrture CoUnt $0 88 to match the income within thè period it has been èamed. Any invgstmant iome reRiv¢d in advance or In arrears is deferr or a¢¢nd In the ba1Ce sheet ac£onlingly. 1.3 Exp•nthtur• Expendituro is recognised once there is a legal or construdiva obligation to tran5fgr economic ben¢fft to a thlrd paty. it Is probable that a transfvr of 8¢0M1¢ benellts wll be requked in settlement and the amnI of oblkjatlon can b8 meawred reliatity. Expenditure chtable Xlivi 15 iLre{l dire¢ty undertaking the aciivities which further the charltys obiecves, as as associated suppixt costs. Suwcfft cmts comprw al exwKl1re du1W of the charity. 1.4 krtorost r•ulvabl• Internst on lunds hefvj on depr*tt rocerrfth WKI the arnount (an be measured reliably by ts Charity; Ihis is normally n0tirvan d th9 interest pall or payable by the 1.5 Invo•lmonts Flxed asset Investmts are a form of fmnt?81 ins1nunt and are initialty reniSed at thelr ts3nsaction c1 and subsewenty measur•J at fair value al the ban sheet date. unless falr value Can1 be mèayjred reliably li vknith case li is measured at cosl impainn8nl. Inv8stment gains and losses, whathw realised or unrealised. are comtxned and preIed a8 'GaThl(Losses) ¢ investrnents, in the Statement ol finala1 1.6 Cash at bank and In hand Cash at bank and in harKI irludeS (xsh and ShOrt4e hlY h'quld investments with a short maturity of three months or less from ts date crf acqi1sib( owing ofthe de[t or similar account. Page 12
THE CHARLES LITTLEWD HILL TRUST 140tss to th• Fln•rKW St•t•m•nts Forth• Y•ar Ended 31 DOCw 2024 Ac¢ountlng pollcl•s {contlnu•dl 1.7 Cr•dllors and pn>vlslon• credito and [ws1Or are recog1 vthue th8 charity has a present obligation resulting from a past event that wll probabty result in the transler of funds to a thwd p and the amount due to setue the oblvJatKJn can be measured C eslimated reliably. Creditorn 8ryJ prn$ are nornalty rewnised al their setUwn amunt after allowTIg for any trade disctymts due. 1A Flnanclal In•lvurn•nts The Charfty only has finandal assets aThJ lknarnial labillbes of a kind Ihat qualify as ba¥ic financial instruments. Ba&c fwwKyal Instruments inlti&4y re)gnIsed at transactlon valu8 and sub58quently mea$ured at their sellltynenl vdue 7hith Ihe exception of bank k)ans which are subsequgntly measwed at arTr)rtise4Y cost usirvJ th8 effgclNe nlerest h1)d. Proffts on sales of w)veslmts are shMI net d corri. 1.10 Fund accounlh funds restr1thJ tAthlch avdLth for use at ItKI dlstxetion of the Trustees in luthrance of ts genwal oLy8ct4w of th8 Chwity and whKh have rnt daslgnated for other Invastsmnt Ir0. 98lns and losses are allocated to the apFwowiate fvnd. 1.11 Grnnls pald Grants are recogrxse(I we apwovfyj to be pabj by the trustees. Inv•stm•nt Incorn• Unmtrletsd funds Totsl funds 2024 Total funds 2023 k •ere81 Investrt InM8 4,539 149,343 2.177 157.117 149,343 153,882 153.882 159,294 Total 2023 159294 159.294 Page 13
ThE CHARLES uTTLED HILL TRUST Analysls of exp•ndltwe on charltabl• athll Surnmary by fund typ• fund T¢)tal 2024 Total 2023 Unrestricled Funds 149.268 149.288 168,308 Totsl 2023 168.308 168,308 Analys1• of •xp•ndlturn by acllvltl nd•rt¥kon Support Totsl funds 2024 Total fund5 2023 2024 2024 Unrestsicted Fund5 130.21KJ 19.068 149368 168,308 alys18 of dlrnct ctysts Unrnstrlctod Funds 2024 Total fvnds 2023 funds 2024 (knnts (Nrrte 12) 13021x1 130200 151,000 ral 2023 1S1.OCM) 151,000 P•Je 14
THE CHARLES LIrrLEwD HILL TRUST An•tysl8 of exndItl by actl¥kn (corrtlNod) Ana19 of •upport Unr•strict•d Funds Total funds 2024 Total funds 2023 9,925 6,690 1224 9,925 6,690 1,224 1229 8.942 6,342 Audit and acctyjnlancy fees S1kbrOker fees 1,160 19. 19,068 17.308 Total 2023 17.308 17.308 Audltorn, r•mwratlon 2023 F¢trs pay16 10 tho Charity$ MlibJr for ts auditoftha C1$ arywal Ourng th8 ar. no Tnte8S re(thed any remuwation other befrt$ (2023. £NIL). Durmig the ar end 31 Decemt*r 2024. no Tnjstee gxpen5es have been in¢urred (2023- £NIL). Page 15
Not•$ to thfr Flnanclal Stat•m•nts For IIKI Y•ar End•d 31 DKOMr 2024 Flxod amet Inv¢slrnnl• Llst•d Investmonts Cost or vatu•tion Ai 1 January 2024 Additic Dlsposals Revaluatio &571654 945,486 1862.374) 154242) At 31 Dacember 2024 5,601,524 N•t book valu• At 31 December 2024 5.601.524 At 31 C)Kel)er 2023 5,572.654 All the fixed &s88t investmts are 1 UK The investmont acqusthns and dtspls are n9t of Investryt mwAg8r fees and comrnlssions of £13.687 (2023: £13.9941. The £34.569 of net gains (2023: £232.562) on inveslments in Ihe SOFA irtlLtdes £54,242 unrealisad k)sses (2023.. £225.658 umedised gainsl £88.811 reaiised gain5 (2023.. £6.904) in relation to the fixed asset Investments. Cr•dltorn: knM)unts falllnq du• TwIthID on• 2024 6.688 Page 16
THE CH3 LITTLE HILL TRUST Stalemgnt of funds StatsThnt of funds. cwrent year Balan¢• at 31 Gall1 D•c•mb•r {Los•es 2024 2024 Incom• Exp•ndlture unrtrIcted fvnd• Capital Ac&)unt InD)m8 Accow 4727.803 81T19 34,569 5,762,172 87,393 154882 (149.268) 5.810.382 153m2 (149,268) 34.569 5,849,565 Slal•m•nt of fund•- wlory•w Balance at 31 December 2023 1jU Gainsl IncMe Expenditure (Losses) Capllal Account 5,495.041 91,793 232,W2 5.727,603 82.779 159.294 (168.308) 5.586,834 159.294 (168.308) 232.562 5.810.382 10. ADalysls of b•lwv•n fun IlY•1• of n•¢ as80ts bolw••n funds. curr•ntyO¥ Unrnstrlctsd lunds 2024 Total nds Fixed asset nvestsn1S Current assets Crgdilors due one > 5.601.524 254.729 (6.688) S.601.524 254,729 (6,688) T¢)tsl 5,849.565 5.849.565 Pa98 17
THE CHRLES LITTLEW0 HILL TRUST th• Y•w End•d 31 D•c•mb•r 2024 10. An•lysl8 of nel aM•ts betw funds {¢onUnu•dl An•ty48 of not a8Mts betthwi fvnd•. wlor ye Unrestrfctéd funds 2023 Total furyjs 2023 Ftxed asset Investrnents Currènt assets due wilhin on8 ypar S.572,654 244,(68 (6,340} 5,572,654 244.068 16.340) Total 5.810,382 5.810.382 11. Rolatod party transaGtIo C W L Barratt. a trustee. is a threckn of Barratt & CLke Holdlngs Llnknd, wh08e wholy owned subsidiwy Bawatt & Cooke Limited manages th8 Trusvs inv05trnts. Faès 8ThJ eomrrisslons pald to Barratt & Cooke Llmit&J durfng the arrw)unknl to £14.85712023: £14.854). Barratt & Cook8 Llmit8d do88 not tharge a Feriodlc Inveslment Mgement feè. Th8 trusle&s MIder that the remun8rakn comp favourably th tharges 18vied by other investswrt man•3ws. N R Sa. a tnjstee. is also a no exe¢)Jlve dlrector of Barratt & Cwjke Linwted. C W L Barratt is a trustee of ts Holt Ywth Prge(I Io th1 IdlIng £15.5CK) (2023: £3.LK)01 wero made durir¥J the swr. N R Savory 18 the 1rn8surwand ofi the Parfsh Churth C(4J1 Greal Snoriry ChLKth to whlch a grant of £3,0(KI {2023: £Nil) w88 ffwje thMvvJ the N R Savory is a lrnste8 ol MUSK in cnty CtxKcaM to a grant of£Nil (2023: £12.5001 was mod• during tho yoar. T H Farfs Is a trustee of P(YIld Cc to a grant ol £Nil {2023'. £10.OIX)I was made durlng year. T H Farfg wlfe Is th8 of StxrtlmI Festibpl to a grant of £3.IXIO12023.. £NII) was made dwing Iho . All trustees of the trust wfv) have and le4lty for pbnning, dirncting and controlllng th8 acliviti8s of the trust arg consider8d to be kay ma3nant pètsomel. Total renneratIon r8specl of these lThJlvkluais Is £NII (2023: £NI). Page 18
ThE CHARLES LITTLE HILL TRUST Not•s to th• FlnarKll Stat•m•nts 12. Gr•nts p•ld to InlutIon of £1,1 ar m¢x* 2024 Church•8 Great Snoring Parish Church The Ncfffolk Churches Twst St Peter8 United Charitses St Swilhin'$ Clwrth. K1117 3.000 7,500 1000 4,200 17,700 Acmoda110n 1.000 1.000 2024 Frozen Light National Centre fty Wrftl Stxrthwdl 51¢ FestTrMI 1,000 1.000 3,000 5,000 Pag8 19
THE CIIARLES LITTLEw HLL TRUST 12. Grants p•ld to Intllutl0 01£1JJOO or mor• (¢on 2024 Commurwty Safety Education How Hill Trust 2,21M 2,000 2,000 2,500 1.000 Literacy Volunteers In P4)ttrqharnth Sdu NoNth Schod Op8n Road West Norfo Trust 9,700 2024 Envlronm•nt Nottinghamshire Wildufe Trust International Otter Sur¥7 Fund (IOSF) The Papdlon Propct sUpF kn Shine CIC 1,IXIO 2.300 9,300 S•rvlc•¥ ABF The Soldiers Charity. Noltin9hans 3,1)00 3.000 Group¥lClubs 2024 Men5thft Nottinghamshlre aub for Yowwj Ltd. I,OlXI 1.000 2.000
THE CHARLES LITTLEWD HILL TRUST Notss to th• Fln•nclal Stom•nts F¢yth• Y••r E•Nlod 31 D•c•mb•r 2024 12. Grants pald lo Institsrtlons of £1,1100 ar mor• (contlnu•d) 2024 M•dlcallDlsabled Cystic Fibrosis Trust Dove Cottage Day HospN Ealing Matters Klds Cancer Ch East Midlands Immediate Care S(eme Headway Norfolk & Wav8n8y John Easknd Hospice TnJst Lde Hearts Matter Prostate Can4x UK Whizz KKIZ Handicapped Ch&th8n's Adion (* 1,000 5,000 3,000 1,000 1,000 1.000 1.000 1.000 21,000 ZeFthyfs Norfolk Communty Foimdalk NottiThJham8hin Search & ReJe Team 2,000 2.000 Pag8 21
ThE CHARLES LlrrLEWO HILL TRUST For th• Y•ar End•d 31 D•C•rnr 21J24 12. Grnnts pald lo In•lliullon$ of £1.11110 or morn (ctyrtlftd) 2024 Ilare Poe UK Norfolk isl Trust cpaIgn Against Li¥mig kftser3Y Cwater Evergreens Defby Mountain Rescth Team Eath kning 8r6alh Ctc Famity Aclion Happy Days ChildTM'$ Charity Heritsge House CwirvJ l>oup Holt Y<)ulh Project Holt y1h Proietx Hlya0.s Garden k•lA Communibes. East NottirWamsl*e Moo Haven Nethetheld Forum NOrftk Citbzerts AdvKx Bureau Norwth Door to Door Re8ngage 1,000 1,000 1.000 looo 1,000 2,1)00 1,IMIO 1,1)00 2.500 3.000 12.$00 1,000 1.000 2,000 1,000 I,•oo 1,000 3.000 3.IKIO 1.IKIO SFICE Foundat Wwnman Trust We81 Area Project YESU The People's Place 47,500 2024 Totsl grants paid to institubons of £1.IXKI or rrThe 122.700 7.500 Total 130.200 p22