Charlty number: 286350 THE CHARLES LIThLEWOOD HILL TRUST Trustees. Report and Financial Statements For the Year Ended 31 December 2025
THE CHARLES UTTLEWOOD HILL TRUST Contents Pago Referenc8 and admlnlstratlw delalls of the Charity. its Tnlee3 and advisers Trustees. report Independ8nt auditors. report on the fina[01 slatem Statement of flnancial activitl•s 10 Balance $h¢e¢ Notes to th• financlal Statem18 12-22
THE CHARLES LITfLEWOOD HILL TRUST Referenc• and Administrative Details of the Charlty, Its Trustees and Advisers For th• Yoar Endod 31 December 2025 Tmstees C W L 88rratt ITgned 3 November 20251 THFarr N R Savory J D Pears H E B¥tall lappoint8d 3 November 20251 Charlty registerèd number 286350 Prln¢lpal offi PO 80X 11466 Noltingham Nottinghamshire NG9 9NJ Independent auditors PKF Smith Cwer Audil Limtsd Slatul¢Ny Audit(Ks 2 Lace Met Squwe Nottingham NG1 1PB Solicitors Keystor Law Limited 48 Chanwy Lane London WC2A 1JF Investmont AdYSsgrs Barratt & C(*)ke LinNtwJ 5 Opie Street Norwich NR1 3DW Pag8 1
THE CHARLES UTTLEWOOD HILL TRUST Tru$tee$' Report For th• Year Ended 31 Decemb•r 2025 The Iruslees presenl thwr annu rep)rt iogeiher with the ajdited financh?I staiements for the year end8d 31 December 2025. The financial statements have been kyepared in accordance wth the acccxjnting policies sel out in not8 1 to accounts and wmply ¥1h the lems ol Ihe will under which the twst was established, the Charith'es Act 2011 and Financial Rwrting Standard 102 The Financial fterting Standard applicable in the UK and Republic ol Ireland. IFRS 102} arwj the Charities SORP. ObJoctiv•s and actlvltles a. Poll¢los and obl•¢tlves The sole objective and aclivty of Ih8 trust i8 the of grants. The truslees are aware that they mtssl Carry on the charills activities for the public effi1 and that they must pay dl regard lo the guKlance on public bènefi'l ssued by the Charity comm1sw. In setting obiecbves and plannirffJ for actitreS. the tnjslees have Ven du& cDnsideralicJn lo general guidance putrAished by the Charity Commission relab"rMJ lo puLlic benefit. mc1J19 the guidance 'Publi¢ bèn&lil.' running charity IP821'. b. Strats91 for achl•ving obioctiv•s The Irusiees consider that the clwiW5 aims Obje•ve5 are for the Publ l)enefit Sin it is a granl making trust and grants are only made to olher charitstAe organisats"on5 a1 not to individuals. c. Maln actlvrtle5 undertaken to fvrthw the Charws purpw lor tho publlc nefit The Iruslees con5Mler all written ap1¢all)n$ made to them by charitsble organisations. SLch applications are reviewed by every trustee pri(K lo the trusiee5' fcHJr-mnthty meetings and are discussed al sh m881ings. Gfants are awarded at such meetings to Ihose (yganisalions whith the trustees collectively consider to be worlhy of th1 support. Grants are avrdrded principalty lo inststulions based their lovel of need and with a geogTrphical bias towards NottinamStrMre and Norfdk. Achlevemmts and pwfommn a. Revltrw of aclfvltS0s and key financial P•rf0rnffic¢ Indi¢ator5 During th8 year the net income generat by ts twsl18fteT drg1j Supp cost5 bul before taking account ol realised and unrea14sed gainsllosses on investment assets) was £164,05412024." £134,814). During the year the trustees awarded grants amounting in wJgregate to £140,600 {2024'. £130.2001. A br83kdown of the grants made lo organisalions for £1.CKIO or more can be found in the rleS to th8 ac¢ounls. This year's surplus ol nel income over grants resulted in the accumulaled ine of the chanty (its free reseryesl inL¥easing from £87,393 10£110,847. The nel after-granl SUfFAus genef8ted by Ihe tr1 (beth tskn"ThJ actnt of realwd and vnrealised gainsllosses on investment asselsl was £23,45412024.' £4.6141. The net after-granl surplus the year (after taking account of realised and nalISed gansAosses on investment assets) was £245,52912024.. £39.1831. The net assets of the trust * the year end anmwnted to £6.095.094 (2024: t5.849.565). Pwje 2
THE CHARLES UTTLEWOOD HILL TRUST Trustees. Report (continued) For tho Year Ended 31 December 2025 Flnancial r•vi8w a. Golng con¢•rn Aft8r making appropriate enquwies. th8 trusle8s have a reawnable expectation that the Ch8rity has adequate reSoUrS lo continue in opera81 exislerte for fores8eabl8 future. For this reason, they continue lo adopt the going concern basis in prepamg the financ1 ststements. Further details fegarding th8 2ptIOn ol the going concem basis can be ftxjnd in th8 accffjunting polies. b. Resep•e8 policy 11 is the general policy of the trust to rel"n all of the cawtal wthich comprises part ol ils reserves and lo dislnbule each year thr( wnls all of the Irust's income wlich is rl used lo mÈet its gov&rnance and management costs. H¢)wevei, the trustees rese the abdity to retain paTI of the Irusl's income for any year as part ol ils reserves and rKJt to distribute the whde of Ihe unexpended income rf in that year Ihe trvsl receives insufficient applicat)nS for grants whKh the trustees (JJnsTrder w(xthy of their supr*)rt andlor the trustees believe the value of the trusfs in¥gslmenls has fallen to a sh3nifnI extenL Malerlal Investments poll¢y The trust, inveslmenl assets are managed by VestMent athser5. The appoirrtment of investment advisers Is rev18wed by the trustee5 periodically. The current advisers are Bafratt & Cooke Limited who are employed on a discretionary baws. They are instructed by the trustees to invesl in a portfolio which vrrill generate a balan of income and growth with a m¢dwm-hpJh risk profile. Durin9 the year, the investments generaled aggregale realised and unrealised gains of £222,075 {2024'. £34,5691- The aggregate ¥ue of the investmènts, inthding capÈlal cash of £180,352 12024= £152,420), increased from £5.753.944 to £5.973.625. This 3.8% increase in vakje contribules to a lotal return of 7.01 % in the year lo 31 December 2025, whith crrnpares a 14.06% infftase in the PIMFA Growih Index, the trustees, chosen bellchmark {in 2024 the aggregate value of ihese investments in¢yeased over the year by 0.57°A ccryared with an increase of 11.39% in Ihe PIMFA Growih Index in that year). Slrncture. govornance and management Constltutlon The trust was established uThler the 11 of late Charles LIttleV Hill who die(l on 6 January 1978 and is a registered charity (charity number 2863501. Under his wll he directed that t1 charills furwj should be used lor such charbtsble purposes as the trusteos in their absolute discretion consider fit. The trusi does not actively raise funds bLrt Seeks to continue the charilable gvng requested by the testator Ihrough carefvl stwardship ol ils èxisting resourtss. Page 3
THE CHRLES LITTLEWOOD HILL TRUST Trustees. Report (continued) For the Yw End 31 Dec¢mbgr 2025 Structure. gov•manc• and manag8m•nt Icontinu•d b. Methods of appolntm•nt or •lKtlon of Trust•8S Truslees are aprM)inled as a1 wh8n the o)ntinuiry trustees think fft. The Vill imposes no limitats'on the periods for which trustees shall serve and no such limitations have been made on the appointment of the current trustees. 8eeause grants are made winopalty lo orgarAsations based in Nottinghamshire and Norfolk, new trustees arg likely to be persc)s who resKle li aThY are know18dgeable atrA)ul chariiab18 institutions in thos8 counties. Al their four-monlhly meetings, the trustO8s agree Ihe broaj stralegy and areas of aclivity for the trust. including nwderation of grant making. inveslmenL reserves aExI risk management policies and performance. The day to day adminis1ra1i of gwt prctessir4J and of the handing of 8kwlications prior to ¢(s1er311on by the Iruslees is undert8k8n by Mrs L Hargreaves who can be contacted 81 PO Box 11466. Nottingham, NG9 9NJ. The Irust8é$ k•p their skim eMe uThJer reww. Th8 Iruslees are enuraged to attend relevaTrt extemal training wi¢h regard to relevant legiatIon and ¢hanges and their rol8 as trusteès g8n8rally. The induction process for any n0%Y apw'nl8d trustee comprises of a meelirnj or meedngs %thich covers the powers and reSn$111thes of trustees aThJ the grant making process adopted by the Irusl. Newty appoinled Iruslees are provided wlh copies of th8 wll of the late Charles Litdewc*d Hill. copies of the last three years, annual reports and ¥counts of the trust and of the minutes of the last three years. ttusiees. Meetin as well as a copy ol the Charity Commission's relevant ldan. c. Rèlatsd party r•lallonshlps The Lady Hind Trust Is 8 connected charity bKause it has c(mOn trustees to The Charles Littlewood Hill Trust. The Lady Hind Trust is a registwed ch8rity. charity r8gistration nUMr 208877 and can be contacted at PO Box 11467. Notlingham. NG9 9NL. No transactions have tsken bewn two charities during the years ended 31 D8cemb8r 2025 or 31 D8comber 2024. d. Flnanclal rlsk management Th6 trustees have con&dered the priwal rtsks lo WWI the charity is exFwd. ConrnIng cash. investnIS and grants and have reviewed those risks and have eStatl$hed swems and procedures to manage those risks. The risk manag8menl strategy is revMYed annlty. Plans for futtrre p•rl•xl$ The Iruslees. rnai objective is lo ensur8 that in fulure yeors Ihe amounts of irOrne nèt of expendrture that ara availatrAè for distritrHJtion lo cther charitsble org8ntsatM)ns incx8as8s 3T by y8ar at a lovel in exc&ss of inflation, if possible. At the sam8 time the trustees Teeognise that tliey slKwld ¢CtinUe lo invest Mi lop quality property lunds, fix Inte$1 securities. index securi5 aThJ equiti8s in order to ensure. a5 best a5 they can, the continued growth of the trust fund. Page 4
THE CHARLES UTTLEWOOD HILL TRUST Trust•es' Report Iconllnuedl For the Yeaw Enqled 31 December 2025 Statement of Trustees. r•sponslbllltl•s The truslees are responsible for pr8parir4J the Tnjslees. r8W)rt and Ihe fin8ncial statements in 8ccordanee with aptAie3ble law and United KirKJ(knm AccwntiThJ SIdards {Uniied KInj0M Generally Accepted AoUntIng Praclicel. The law appltcable lo charrties in England & Wales requires the trust8es to pr8pare financial statements for each financial 1¢h give a Irue and fair view of the state of affairs of the Charity arnl of ils incoming rescMJrces and application of resources. lding its incow and expeThJilure. th81 period. In preparing thèse financial slatemenls. Ihe trustees are required lo.. seleci Suitab accounlir4J wIleS then a[Y them c¢ywstently', ObSee the melMds and principles of Ihe Charilies SORP IFRS 102)., make judgmenls and cOUntI? estimates that are reasonable and prudent., stsl8 whether applicable UK Accounting SlarKlards IFRS 102) have been followed. subject th any material departures disdose(J and eXaIned in the finan(¥al sLatemenls: prepare th8 financial statements on basis unless il is inapproFffl'ale to presume that the Charity wil Contin in business. The trustees are responsible for keeping adequate accounting records that are Sufflent lo show and explain the Charitls transactions and disclose with reasonable accuracy at any time the financial posf(ion of the Charty and enablfr them lo ensure that the fanual statements o)mpty wth Ihe Charities Act 2011, the Charity (Accounts 8nd Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible lor safeguar(Jing the assets of the Charity and hen for takry reasonabbe sleps the prevention and d&tection of fraud and othèr irrewlariliès. Disclosur• of inforniation to auditors Eath of the persons who are InJst8es at thè time when this TnJstee$' report i8 approved has confirmed that". so far as that InJstee is awaR. the is rbj relevant audit information of wh¢ch Ihe charivs auditors are unaware. and that trustee has taken al the sleps ihat ought lo have been taken as a InJst8e in order lo be aware of any relevanl ajdit information and to establish that the (tharills auditors are aware of ihal information. ApKyed by order of the fflewnbers ul the b03rd of tfuslee5 and si¢Jned on their behalf by.. N R Savory Trustee Dale: Page 5
TrIE CHfvJILES LITTLEWOOD HILL TRUST dependènt Auditors. Report to the Memb•rs of The Charles Liitlèwood Hlll Twst Oplnlon We have audited financial statements of The Chartes LIlUeW Hill Trust (the 'cariW) for th8 year ended 31 Decemtm 2025 vknich cornprise the Stalemenl of Final181 Aclivitk?s. Balance sheet and the rplaled notes. including a summary of significant aCuntIrj pdicies. The financial reporting framewoik ihat has been applied in their weparatson is applicable law and United Kingdcffl Acc£sunting Standards, induding FInarla1 Reporting Standard 102 The Financial ReportiThJ Standard applicab in the UK and ReputrAic of Ireland, (United King¢Jown Generalty Accepled Accountsng Prle1. The fin8r£181 staternents have been prepared acLordanc8 With Accounting and Reporting by Charr(ies preparing their accounts in accAxdanL with thè Finanual ReFYtuig Standards applicAb18 in the UK Republic of Ireland {FRS 1021 in preference to the Accwntirvj and R8pcKiing by Charities.. Slatemenl of Recomm8nd8d Practice issued on 1 Aprd 2LX)S wthich is referred to in the extant rewlolwLS bui has been withdrawn. This has been done in cyder for the accA)unts lo provKle a trLte and faFr vw in accordance wilh the Generally Accepknl Accounts'ng Practice effective for rewliry periods beginning on or after 1 January 2015. In our oplOn the finanaal statements: give a true arnJ fair view of thè slate of the charitvs affairs as at 31 Drnber 2025 and of its incoming resources and applI110n ol feswrces f(¥ the year then ended: hav8 been property prepared in aCccrfdar with UnilgJ King¢kn Generally Accepted Accounting Practice.. and have been prepared in aCcdarKe with requirements of the Charities Act 2011. 8asl$ for oplnlon We conducted our athlil in xeordano wih 1ntematu)n Standards on Auditsng {UKI IISAS IUK}l and applicable law. Our reSpLSibIlItieS urKler I)s9 Standards are further described in the Auditors. responsibilities for the audit of the financial statements seclion of our rew1. We are indep8ndent of the charity in accordance wblh the ethical requirements that are relevant to our of the financK41 slalemenls in Ihe United King¢Jom. inthjding the Financial Reportiro Council's Elhic81 Standard. aThJ we have fulfild cyjr olh8r ethical responsibiliti&s in accordance wilh these requirements. We beli&ve Ihat the audit evidence we have obtsired is sufficaent and approprialg to w0ye a basis for our otmnion. Condusions r•latlng to g¢>ing concorn In auditsng th8 fInar• stalennts. we have clljed Ihal the Tnle8s. use of the going eoncem basis of accountiThJ in the preParatn of the financial slat8mnts is apprwate. 8as8d on Ihe work we have perftymed. have r1 idenfd any material uneertainties r8Fall to events or conditions thal. indiwdually or colleclivety. may east SignifinI doubl on the charitys ability lo continue as a going concem for a period of at least iwelve months from wthen Ihe fmanual statements are authorised for issu8. Our responsibilities aNJ the res[$11 of the Trustees 7Mlh resrrt lo goKKJ concem are d8scribed in the relevant secb.ons of this report. Page 6
THE CHARLES UTTLEWOOD HILL TRUST Ind•p8nd•nt Auditors. Report to the Pknbws of Thg Charles Littlewot)d Hill Trust Icontlnuedl Other informatlon The oiher information comprises inlomiatirm induded in the Annual report other trn the financial statements and our Audilors. report Ihereon. The Trustees are respnsible for the other information contained within the Anr¥Jal repcKt. Our opinion on the ffinancial slalements doe5 not cover the other informaDon and. except lo the éxtent otherwise explKitly staled in wr retw)rt. V*E th) r1 express any form of assurance conclusion Ihereon. Our responsibility is to read the other infom)ation and. in doing so. consider whether the other infoTmalion is materially inconsistent with the fTrnanual $tslennts our kledge Obtaed in the Ccr8e of Ihe audit, or olhervAse appears to be materially misstated. 11 idenlfy such material in¢onsisten¢ies or apparent material misslalemenls, we are requirgd to determine whether thts gNes rise to a material misslat8ment in thg financial slalements themselves. If, based on the work we have perfijrmed. ¥ corKlude that there is a material misstat8menl of this other inf(¥1malK. are fe(wired lo repth that fact. We hav& nothing to report in thi5 regard. Matters ¢Jn which we are requlrgd to repwt by exception We have nothing lo port in respect of ihe fd1owY matters where the Charibes lACUnts and Reports) Regulations 2008 requires us lo report lo rf. in our opinion". the infcwmation given in the Trustees. rèwt is inconsislenl In m818ri8l respect with the financial slalemenls., or sufficsent accounting redS have not been kept: or the financial slatemenls are in agreet with the ac(>)unting records and relums: or we have not received all the Infrxmal¥ arKI exF4anaDws reqe for aLHlil. R•sponslbllltl•s of trust••s As explain8d more fully in the Twstees. tm$1b11ieS statemenl, the Twstees are responsible for the prepafation of the tinancial slaterrntS whth gNe a true arKI fair view. and for such inlemal control as the Trustees determine is necessary lo enable the pr9)arat of finan1 statements that 8re free from m81erial misstslemenl. whether due to fraud or error. In p9nn9 the finarKial stalemenls. the Tw51ees are re5P(M)sible for assessing Ihe charitys ability lo continue as a going concem, disclosing. as aFpluble. matters rdated lo goiNJ cCern and tjsing lh8 going conc8rn basis ol acc£Junling unless the Trust8&s either intend to liquidate the charity or lo cease operalK)ns. or have no realistic altemats've bul to do so. Page 7
THE CHARLES UTTLEWOOD HILL TrUST Ind•péndent Auditovs. Report lo the Members of The Charf•s Littlewood Hlll Twst Icontlnuedl Audltoi$' responsibllltle$ for the audlt of the flnandal statements We have been apwNnled as auditor under Sect 145 of the Charities Act 2011 and report in accordance with the Act and rdevant regulations made or having effecl thereuThJer. Our objectives are to obtain r8asonable assurance aLw)ut whether the financial stslemenls as a whole are free from material misstatemenL whether due lo fraud or eOr. and lo issue an Audilors, reporl Ihal indudes cmjr opinion. Reasonabl& assurance is 8 hi level of assuran¢e. tKrt is not a guaranlee that an au(h"I conducted in accordance ISAS IUKI w41 aayS delect a maierial misstatement when it exists. Misslalemenls can arise from fraud or err and are eonsidered material if. indrvKkwEty or in the aggr8gate, they could reasonably be 8xpected to influence the ¢rniC decisions of usets taken on the basis of these financial stalem8nts. Irregulariiies. ncluding fratkl. are Inslan of nonllcompliance with laws and regulatiortrs. We dgslgn pr¢xedurès in line th our r8sponsitM"lilies. ¢YJtlined above. to detect materwl misstatements in respect of irregularities, including fraud. The exlenl to our prctsdures a cap8t4e of detecting irregulilies. includ9 fraud is detailed betow.. 8ased on our understand1 of the charrty and iThJuslry. identrfy the key laws and regulalions affecting the Charity. We identified thal the PrinpaI risk of frol or mn-C(Mnpliance with laws and regulations rel8ted to.. management bias in respect of accounting estimates and judgements mJe.' management override of control- )sling of unu$ual iwmds ortr8nsactM. We locussed on those areas Ihal cwld give rise to a m8teriat missts1wnI in the financial slatemenls. Our proce(lures indudèd. were rk)I IIrr to: enquiry of management and those tharged governar around actual and potential lilation and claims. inCludg instances of )<oMplI8nce law5 and regulations an¢J fral.. remewing legal expenditure in the year lo Mjenlrfy wistsrKes of non-compliance with laws and regulations and fraud., reviewing financial statement disck&Jres and testing lo sui)F¥yliNJ ¢knumenlalion to assess compliance with applicable laws and regulations: performing audit work ovw the risk of management override of o)ntrols, including testing of pumal entries and other adjustments for apwoprialene55. evaluatiro the bugness rationale ol sigrllfant transactions outse the norma course of tsinesS and reviewing aCCnting estimates for bias. 11 is the primary responsibility of management. ¥Alh tr o¥ersighl of Ihose charged witti govemance. to ensure Ihal the entitV5 operations are conducaed in accordance with ihe provisnS of lavrfs and regulations and for the pr8venlion and detection ol fraud. Because of the inh8r8nt limitations of an aud, there is a risk that we wll not detecl all irregularities, inchjding those leading lo a malerbal misstatement in the finar131 statements or Tmpliance with r8gulalbon. This risk increases the mcKe Ihat crAnlarKe with a law or regulation is remove(1 fiom the events and transactions reflected in Ihe financial statements. as 7Ae wdl be less h'kety lo become aware of instsnces ol non-compliance. The risk is also grealer regardirrfJ iryantieS cccurriThJ lo fraud raiher than error. as fraud involves inièntKJnal concealmenL forgery. collus. omission or Mlsrepresenlatn. A lurther descrtpliL ol our responsibilitsès lor the audit of the financial statements is hxaied on ihe Financial Reporting Council's website al.. auditors sibilit*s. This description forms part ol our Auditors, report. Page 8
THE CHJRLES UTTLEWOOD HILL TRUST Ind•pendent Audilorn. R•port to the Members of The Charle5 Littlewood Hill Trust Icontinuedl Us• of our roport This report is made solely to the chariws trustses. as a tKMty. in acixjrtsnce with Part 4 of the Charities (Accounls and Reprmtsl Regulations 2008. Our alt wcffk has been undertaken so that we might stale to the charills tru51ees those mamers we are required lo state lo them in an Auditors, report and for no other sxjrpose. To the fullest extenl permitted by law. we do not xcept or assume responsitrmlity lo anyone other than the charity a1 ils Iruslees. 8s a b(y, for alIt worf(. f this rewt or for the opinions Y have f¢Jrmed. -.,t4 PKF Smlth Cooper Audtt Llmlted Statutory Auditors 2 La Market Square Nottingham NG1 1P8 Date: I PKF Smilh Cc4)per ALKlil Limited are elgible to acl as altS terms of seclion 1212 of the Companies Act 2006. Page g
THE CHARLES LITTLEWOOD HILL TRUST Statement of financlal activities For th• Y•aT Endod 31 D0mber 2025 Unroslrlcted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Investments 184,232 184.232 153.882 Total incomo 184.232 184232 153,882 Expendltur• on: Charitable acvils 160.778 160,778 149,268 Totsl expgndlture 160.TT8 160,778 149,268 N•t Incom• b•for• not galns on InvKtm•nts N8t gains on investm8nts 23.454 222,075 23.4S4 222,075 4.614 34,569 Net movement in lurtds 245.529 245,529 39.183 Rpconcillat*on of funds- Total lunds brought foThMrd Net mov8m8nt in T1S 5.849,565 245.529 5.849,565 245,529 5,810.382 39,183 Total funds c•rri•d forward 6.095.094 6,09S094 5,849,$65 The notes on pages 12 to 22 1M part of these financial statements. Page 10
THE CHARLES LITTLEWOOO HILL TRUST Balance Sh•et As at 31 Downbor 2025 2025 2024 N• Flx•d af1$ Inveslmenls Current assgts 5.793,273 5,601,524 Cash al bank and in hand Curr&nl Ilabllltles 30&874 254,729 Creditors.. amounts falling due within one year {7.0531 16.688) Nat current assets 301,821 248,041 Total assets Iw ¢urrnnt liabiliti fj,095,094 5.849,565 Total net assets 6.095.094 5.849,565 Charlty lunths Unreslricled lunds 6.095.094 5.849,565 Tolal funds 6.095.094 5.849.565 The finan31 statements were approv8d and authortsed for i&8U8 by th8 trLtst88s: H E Barratt Trustee THFarr Tntsteè N R Savory Truslee J D Pears Trustee The rt¢S on pag9s 12 to 22 k)rm part of thes8 fwncial ststements. Page 11
THE CHARLES UTTLEWOOD HILL TRUST Noles to th? Flnan¢ial Statements For th• Yoar EThl•d 31 De¢eml 2025 Accountlng policl•s 1.1 Basis of preparatlon of fknanclal statements The finarKial stateffnts have been wepared m accordance with Charities SORP IFRS 1021- Accounting and Rewkn'ng by Charities.. Statement of Recomm8nd8d Practice applicable to charities preparing IheK accounts in accordance wth the Financk41 Reporting Standard applicable in lh& UK arKI ReputAi¢ ol Ireland (FRS 1021 {8ffective 1 January 2015), the Financial Reporting Standard apICable in th8 UK ReptstJ of Ireland (FRS 1021 aThJ Ihe Charities Acl 2011. The fin8n¢ial slalemenis are wepared in Stethg is the funclional currency of the Trust and rounded lo the nearest £1. The Charfes LiltlewcLNJ Hdl T1 meets the definit of a public benefrt entity under FRS 102. Assets and It8bdtties are initially recthJnised at historical cost or transactn value un105S Otherwi58 slat8d in the relevant acoy)unling 1.2 In¢om• All income is recognised the Charity has entillemt lo the income, il is probable Ihal the income will be Tlved aNI the anN)L1 of receivab can be measured reliably. Income Irom invesbnents is recwwd in Incl and expendilure account so as lo m81ch the income rythin the perKJd rt has been earned. Any investsnenl income received in advance or in arrears is delerred or acerued in the b8n sheet xccdingly. 1.3 Expenditurè Exp8ndilure is recoynised once Ilwe is a le9al or construdive ObIkJa lo Iransfer economic benefit to a third party, it is probable that a transfer ol ecnr)mic benefits will be reqUId in settlement and the amount of the oblwbon be nred reliably. Expendilure on charitable ackn"wlies is inrred directy undertaking the aclivilies which furthèr the ch15 objectives. as well as any associated support costs. SuppcKt cx>sts comwise all 8XP8nditur8 arisiry durng the running of the charity. 1A Intemsl receivable In18rest on funds h8kl on de[t is induded 7*hen receivab and the amount can be measured reliably by the Charity. this is nomièlly uph)n nolifKatK)n of the interest paid or payable by the stilution wilh whc¥n the funds are depwted. 1ts Investments Fixed asset investmenis are a fomi ol finanaèl instrument and are initialty rewnised al their Iransacti¢M cosl and sub5equentty measured at fair value al Ihe balance sheet dale, unless fair value cannot be measured relably in wtiich case il ts Measu al cost less lmpairrrnI. Investment gains and losses. whelher realisad (y unrealtsed. are cxJmtM"ned and presented as 'Gainsl(Losses} on investments. in the Sialemenl of ffinancial actIVits. 1.6 Cash at bank and In hand Cash at bank and in hand indude5 cash arKf short4erm highly lTrouid inv8Stm8nts wilh a short maturity ol three rwK)nths or less from the date of acquisilion or opening of the deposit or similar account. Page 12
THE CHARLES LirrLEWOOD HILL TRUST Notes to th• Financial Statements For the Yr Endèd 31 De¢•mbor 2025 Accountlng pollcl•s (contlnu•d) 1.7 Creditors and provl$6ons CTediloTs and pOn$ are r•cts3nised wlwe the charity has a present obligation resulting frum a past event that will probably ret in the Iransfer ol funds to a third party aThJ Ihg atnount due lo settle the c)ligation can be measur8d or estimat8d rdiably. Credilors and provisions are normally recognised at their setdement anNJJnt after alowing for &y trade discounts due. 1.8 Flnanclal in$trnm•nts The Chartty onty has finandal assets a% finala1 liablilies of a kind Ihal qualify as basic financial instruments. Basic finanaal instruments are inilhilty recognised at transaction value aThJ subsequently measured al their settlement vthe wth the exceptR)n of bank loans which are subsequently measured al lmortised cost using the effective nterest methc4J. 1.9 Commlsslon on Investment transaclions Profits on sales of investments are ShM net of commissi. 1.10 Fund ac¢ounllng Gener81 funds are unrestsicted bjnds vthid) are availth for use at the discrelion of the Tmsteos In furtherance of the general Lt4&th¥es of the CW arml whh have not b88n d8sign8ted for other purposes. Inveslmenl income, gains aThJ h)sses are allocated to the ap[*r1aIe fund. 1.11 Grnnts paid Granis are recognised when they a a(yoved lo be pawj by the trustees. Invo8tment Incom• Unrgstrl¢tsd funds 2025 Total lunds 2025 Tot81 funds 2024 Bank interest Invesimenl income 4.745 179.487 4,745 179,487 4,539 149,343 184.232 184,232 153,882 Total 2024 153.882 153.882 P¥13
THE CHARLES UTTLEWOOD HILL TRUST Notes to the Financial Statements For th• Year Ended 31 D•c•mbgr 2025 Analys1$ of expondlture on ¢harltable a¢tfvities Summary by lund type Unrestrlctsd lunds 2025 Total 2025 Total 2024 Unrestricled Funds 160.778 160,778 149,268 Total 2024 149,268 149.268 Anatysis of expondituro by activitses ActivltiDs undertakèn dirg 2025 Support Costs 202S Total funds 2025 Total funds 2024 Unrestricted Funds 140.th) 20,178 160,778 149.268 Anatysls of dlrqct $ts Unreytricted Funds 2025 Total funds 2025 Toial funds 2024 Granls (Note 12) 140,6LKI 140.600 130,200 Total 2024 130,200 130.200 Page 14
THE CHARLES LrrTLEWOOD HILL TRUST Notes to tho Financial Statom¥nt$ For th• Year Ended 31 I)nOr 2025 Analysls of expond1o by act1viti Icontlnu•dl Analysls ol support costs Unrgslrictgd Fund$ 2025 Totsl fund$ 2025 Total funds 2024 Administran expenses Audit and accountanw fees Stockbroker fees Other expenses 10.587 7,056 1.242 1293 10.587 7.056 1,242 1,293 9,925 6,690 1,224 1.229 20,178 20,178 19.068 Total 2024 19, 19.068 Audllors. rèrnuneratlo 2025 2024 Fees payable to the Chariws aTrditor for the audit of Ihe Charitys annual acctyjnts 7.056 6.690 Truslg9s' r•mungratlon and gxp•nses During the year. no Trustees received any remuneralM)n or Olher beneffts12024 - £NIL). During the year ended 31 t)ecemb8r 2025. rn Tnstee expews have been incurred12024 - £NILI. Page 15
THE CHIRLES LrrTLEWWD HILL TRUST Notes to th• Flnan¢l•l Stslem¢nts For the Yew Ended 31 De¢•mber 2025 Flxed asset Investments Listed Investmfjnts Cosl or valuallon Al 1 January 2025 Ad(lion$ Disposals Revaluali(S 5,601,524 830,022 {836,2941 198.021 Al 31 December 2025 5,793,273 Net book value At 31 December 2025 5.793.273 At 310ocember 2024 5,601.524 All the fixed asset w)vesbnents we held in the UK. The investment acquisitKJns dtsptisals are net of irNeslment manager fees and commissions of £13.80312024.' £13.6871. The £222.075 of net gains 12024: £34.5691 investments in the SOFA includes £198,021 unrealis8d gains 12024.. £54.242 unwlised losses) £24,OS4 realised gain$ 12024-. £88.8111 In relation to the rixgd asset inveslffnts. crltOry. Amounts falling due within onè year 2025 2024 Accruals and deferred incLime 7,OS3 6,688 Page 16
THE CHARLES LITTLEWOOD HILL TRUST Notes to the Financial Ststements FOT tho Year Ended 31 December 2025 Statement ol funds Ststement of fvnds - current year Balance at 31 D8¢embor 2025 Balanc8 at 1 January 202S Galnsl (L?5} Income Expenditure Unr8strtcted funds CaKMtal Account Income Account 5.762.172 87,393 222.075 5.984,247 110,847 184,232 {160.778) 5,849.565 184.232 (160.n8) 222.075 6,095,094 Statemènt ol funds- prlor year Balance at 31 Balan( at 1 January 2024 Gainsl IL05sesl December 2024 Inco Expen(k'lure UnMstrlct•d funds Capitsl Accy)unl Inox)me Account 5.727.603 82.779 34.569 5.762.172 87.393 153.W2 1149.268) 5.810.382 153,882 1149.2681 34.569 5,849.565 10. Analy515 of n•t assets b•lwn funds Analysis of net assèts between funds- current year Unros¢rl¢tsd funds 2025 Total lunds 2025 Fixed asset investments Currenl assets Creditors due wthin one year 5.793,273 308.874 17.0531 5.793,273 308,874 (7,0531 Total 6.095.094 6.095,094 PwJe 17
THE CHARLES UTTLEWOOD HILL TRUST Notes lo the Flnanclal S¢atornents For th• Y¢ Endod 31 Decemb81 2025 10. Anatysls ol n•t assets between fvnds In11ndI Anatysls ol net assets beiwèen funds . wlor year UNeslricigd funds 2024 Total funds 2024 Fixed asset investments Current assets Creditors thIn one Jear 5.601,$24 254,729 16,6881 5.601,524 254.729 16.6881 Total 5.849.565 5.849,565 R•latsd party tranjactions C W L Barratt, a trustee, is a dir8cI(K of Barratt & Cooke Holdings LIted. whose %tholly owned subsidiary Barratt & Cooke Limited MageS the Trust's wwestmenls. Fees and commissions paid lo Barratt & Cooke Limited during Ihe year amounted lo £15.660 (2024.. £14,857). Barralt & Cooke Limited does not charge a periodic inveslmènl management fee. The Irustees consider that Ihe remuneration compares f8vourably charges levied by oth8r investment managers. From 3 N0Vernr 2025 C W L Barrall C68sed lo be a truste8. However. at lfvs date H E Barratt Wds appointed as a trustee. Sh8 IS the wife ol Mr W Barratt. is a directfx of 8airatt & CocA(e "MIted arKI Barratt & C{e Holdings Limited. N R Savory, 8 trustee, ts also a nonxerJJfive direct of Barratt & Cwke Limited. C W L Barratt was a truslee of the Holt yr Projecl to whKh grants totall1r £3.000 (2024: £15,500) were made during the year. In 2025 the grant W8s made before C W L Barrall ceased trj be a trustee for bolh the Chartes Littiewo¢xl Hill Trust and the Holi Youth Proied. N R Savory is the treasurer and on the Parish Church Cwncil of Great Snoring Church lo which a grant of £Nil12024'. £3,0) was mad8 during the r. T H Farfs wf8 is A trustee of Soutlhvell Musie Fèstival to a grant of £Nil (2024.. £3,0) was made during the year. All IrLtstees ol ihe trust have autilty arKJ re5w)nbIlfy for Flanning. directing and controlling the activities of the trusl are ¢Sidered lo be key management persomel. Tolal remuneralion in respect of these individuals is £Nil12024: £Nil>. 12. Grants paid to instltutlons of £1.000 or more 2025 Church 8ulwell United Reformed Church The NorfoM( Churches Trust St P8t8rs Uni18d Charities 2,500 7.500 2.000 12,000 Page 18
TrIE CHARLES UTTLEWOOO HILL TRUST Notes lo the Financial Statements For the Year Ended 31 D&comb•w 2025 12. Grant8 pald to In$Utullons of £l.0(Kl or morn (contlnuedl 2025 Accomodallon The Almshouse ASS1011 Purfleel Trusl 1.000 5.000 6.000 2025 Britten Sinfonia Norfolk and Ncrtmch MAlennium Ltsary 1,000 1.000 2.000 2025 Edu¢atl¢n The Kohwna Edational Tw5t How Hill Trust Literacy Votunteers Norwich Seho Open Road West Norfolk TTUSt Rumbles Catering Prqect Lld 1,000 2,01)0 2,01)0 2.01)0 1.0) 1,000 9,000 2025 Envlronment Nottinghamshire Wikllrfe Trust Future Trees 5.000 1.000 6.000 19
THE CHARLES LirrLEWOOD HILL TRUST Notes to the Financial Statements For t Yèar End•d 31 D•cOMr 2025 12. Grants pald to Instltullons of £1.000 or more (contInU) 2025 SeNkes ABF The SohJters Charity- Nottir@hamshi 3.IXIO 3.000 Groupslclubs 2025 CommunityActiDn NLolk Nottinghomshire Cbjb Ycrj Pec* Ltd. 1.000 3,000 4,000 2025 MedlcallDlsabled g C App8al Ltd. CICRA Dame Vera Lynn Chikjren's Char¥ty Eating M8tlers Joseph's Smile Lillle Hearts Maller My Sight Nottinghamshire Prostsle Cancer Res8arch The Scar Free FouThlation 10.000 1,000 1,000 3.000 1.000 1,000 5.000 1.000 1.000 1.000 2,500 1,000 1.000 Sc18rodem7a & R8yn8uds UK Tapping House Time Norfolk Whizz KKIZ 29.500 Page 20
THE CHARLES LirrLEWOOD HILL TRUST Not8$ 10 th9 FInalJI Statwnents For th• Year End•d 31 De¢•mber 2025 12. Grants pald to Institutlon5 01 £1.000 or mor• (ContInu) 2025 (Xher Zephyrfs N(wfolk Community Founda Pelert¥Jrough Cath8dral Chapter (AFU) 8ek)ng 2,000 2,500 1,000 1.000 6,500 2025 Welfare Age Concern {NtJlh Norfolkl Day Centrè Ashfiehj Home Safety Prciect Broxtowe Communty Prr4ects C.A.S.Y The EHen MacArtlwr Cancer Trust Family Acti Fareshare M*Ylands The Feed FOundatn Happy Oays Chiklren's Ch Headw8y Nottingham Holl Youth Projecl Homevstart NottirvJham Th8 L8nion Centre Norfolk Cttizens Advice Bureau NOl¢h t)oor to Dr NR2 Community Sklls Share SFICE Foundati Shine (Easl Norfdkl Shoe Strebridge City Farm rin Hal Centre Wainman Trust Wells Community Hospital Trust We$l Aa Project YESU The peOpe'S Pl 1.000 2.500 3.000 1.1)00 1.000 1.000 3.000 1.000 1.000 2,500 3,000 2.500 2,000 2,500 1.000 5.000 3.000 1.000 2,500 6,000 t.600 3,500 1.000 1.000 1,000 53.600 Page 21
THE cHLEs LrrrLEWOOD HILL TRUST Not¢$ to th• Financial Slatoments For thè Year Ended 31 Doeember 2025 12. Grants pald ¢0 Inslltutlons of £1.000 of more (conlInUj 2025 Total grants paid trj institutions of £1,000 or more Other grants in •3gwate 131.600 9.000 Total 140.61)0 Page 22