OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-12-31-accounts

Charity registration number: 289171

How Hill Trust

Annual Report and Financial Statements for the Year Ended 31 December 2023

Wright Accountancy 83 Cromwell Road Norwich Norfolk NR7 8XJ

How Hill Trust

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 6
Chairman's Statement 6
Statement of Trustees' Responsibilities 7
Independent Examiner's Report 8
Statement of Financial Activities 9 to 10
Balance Sheet 11
Notes to the Financial Statements 12 to 29

How Hill Trust

Reference and Administrative Details

Chairman Mr R Batson Trustees Prof T Jickells Ms N Hems Dr K Bacon Mr A Scull Mr T Harper Mr M Flett Charity Registration Number 289171 Principal Office How Hill Ludham Great Yarmouth Norfolk NR29 5PG Independent Examiner Wright Accountancy 83 Cromwell Road Norwich Norfolk NR7 8XJ

Page 1

How Hill Trust

Trustees' Report

The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2023.

Objectives and activities

The primary objective of the Trust is to promote, maintain, improve and advance public education in the broadlands by the provision of educational facilities at How Hill in Norfolk and the conservation of the How Hill House for the benefit of the public.

The Trust derives a significant proportion of its income from the charges made for courses, as well as from open days and sundry sales. Income is also derived from donations and grants, details of which are given in the accounts. The costs of running How Hill are under constant review, but inevitably repairs and maintenance of this thatched listed building take a high priority. A further review of the Trust's activities is given in the Chairman's statement.

Page 2

How Hill Trust

Trustees' Report

The range of public benefits provided by the How Hill Trust includes the following:

Heritage - How Hill House is a prominent landmark at the heart of the Broads which is very much cherished by the public. The trustees undertake to maintain this building and its grounds for the good of the community.

Recreational Access - How Hill Trust provides a free access point for walkers, boaters and other casual visitors at all times and on every day of the year. The Trust makes no charge for this provision. The Trust also provides unrestricted free car parking and access to the extensive, regularly mown, "Fisherman's Field" - a large open space which is made available without constraint for picnics, kite flying, dog walking, ball games and other informal recreation. This area also leads to waterside paths where the public may freely walk and enjoy exterior views of three contrasting Broadland drainage windmills, as well as angling by the river. The "Fisherman's Field" is used freely almost every day by groups visiting the Broads by river, particularly disabled children brought from Neatishead by the Nancy Oldfield Trust. Public toilet facilities are provided during daylight hours throughout this period and this facility is cleaned and serviced.

Education - The Trust's central role, enshrined in its Trust deed, is the provision of residential environmental educational courses for schoolchildren. There is no restriction as to the age or ability of pupils, ethnic or geographical origin, creed or class. All the courses which the Trust offers may be subsidised if required.

Adult courses - The Trust offers a number of adult courses, which are open to anyone regardless of background or ability.

Information for Schools and Schoolchildren - The Trust provides, at no charge, an unlimited advisory and information service for children, students or teachers who may request information on any topic associated with the Trust's work, in particular with respect to the broadland environment. Occasionally the Trust is asked by members of the public to provide a more general conservation and natural history service, and this is also provided free of charge.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 3

How Hill Trust

Trustees' Report

Financial review

The charity's free reserves (represented by cash balances, stocks, debtors less creditors in unrestricted funds) at 31 December 2023 were in surplus by £91,738 (2022 - £193,238). The Trustees recognise the need to maintain a certain level of reserves in order to have funds available for major repairs and maintenance. It is their intention to build up the charity's free reserves to the equivalent of four month's operating expenditure which would amount to approximately £100,000. The Trustees are constantly aware of the need to protect and maintain How Hill, the Trust's sole property. As an important listed building, more than a century old, with a substantial thatched roof, future maintenance of the house will require considerable resources to be expended.

The Trustees have determined that all investment decisions will be taken by the entire Board of Trustees and not delegated to any individual officer or agent. The Trustees review investments at any meeting and will in any case review all investments annually. They seek advice from outside agencies, advisers or brokers but will not delegate responsibility to run them. The Trustees will at all times exercise caution and discretion in their choice of investments and will seek stability and balance through proven investment vehicles.

Plans for future periods

After making appropriate enquiries, the Trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Structure, governance and management

Throughout this document, any reference to How Hill shall be construed to mean the enterprise operated by the How Hill Trust, including How Hill House, its grounds and gardens, and leased domain situated in the hamlet of How Hill at Ludham in the County of Norfolk, in distinction to any other property situated in the same area of Ludham.

Governing Document and history: The Trust is a registered charity (registered number 289171), created under a deed dated 21 February 1984.

Page 4

How Hill Trust

Trustees' Report

Trustees shall be persons who through residence, occupation, employment or otherwise have special knowledge of the area o benefit or who are otherwise able by virtue of their personal or professional qualifications to make a contribution to the pursuit of the objects or management of the charity. The Trustees have the power to appoint new Trustees.

All new Trustees are provided with: The Trust Deed of the Charity, the latest accounts of the Charity and details of the Charity Commission publication - 'The Essential Trustee "What you need to know"'.

In addition, Trustees are encouraged to read Charity Commission and other newsletters and to attend courses designed to keep them abreast of their duties and responsibilities.

The Trustees meet quarterly and the director of the Trust reports directly and fully to their meetings. In addition, an Executive Committee of the Chairman, Vice Chairman and Director meet on a regular basis. Day-to-day management, including recruitment and control of staff, is entirely devolved to the Director. The Trustees have established a Finance Committee which comprises three Trustees and the Director and are able to provide guidance and assistance to the Board in all matters relating to budgeting and finance. The committee meets three times a year and reports to the Board.

The annual report was approved by the trustees of the charity on 28 Oct 2024.................... and signed on its behalf by:

......................................... Mr R Batson Chairman

Page 5

How Hill Trust

Trustees' Report

Chairman's Statement

This is the first year I have had the privilege of writing this as Chairman of the How Hill Trust.

As mentioned in last year’s annual report, Nick Price has now stepped down as chairman and resigned from the trustee board in September. I, together with my trustee colleagues, owe Nick a huge debt of gratitude for all the time, work and expertise he has given How Hill over two decades. Mark Hopkins, another long-standing trustee also resigned during the year – his input has also been invaluable during the many years he served the trustee board.

This year has seen us return to near normal trading, following the unprecedented interruptions caused by the pandemic. Schools are back to normal numbers and adult courses have taken off again. That said, adult courses remain difficult to plan for. Some of the adults breaks we offer, such as those looking at gardens, and visiting churches could have been filled twice over, but the more ‘traditional’ natural history themed courses have proved difficult to fill. I know our staff will be working hard to ensure all courses are well filled in the months and years to come! It must be emphasised that, had we not taken the decision to upgrade our bedrooms by adding en-suite facilities we would be in a very difficult financial position indeed.

In 2024 the Trust reached the milestone of having been operating for forty years – no mean feat in today’s economic climate. We will hold a suitable celebratory event next August, inviting those have helped and assisted the Trust over the past forty years.

I must mention the Friends of How Hill, which is an unstinting and amazing group generating much –needed funds to help the charity. It raises approximately £10,000 each year; a truly magnificent sum and one we are extremely grateful for.

I was delighted the Broads Authority used the How Hill Trust for their annual staff development day. Roughly 120 employees of the Broads Authority descended on How Hill for a day in the Autumn and they had the opportunity to experience many of the activities that we have to offer – including dyke dipping, thatching and enjoying the River Ant aboard our boats!

Finally I must thank my fellow trustees for all their help and support throughout the year, and of course, our small but dedicated and flexible staff without whom How Hill could not exist!

Page 6

How Hill Trust

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities 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 of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and 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 constitution. The trustees 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.

28 Oct 2024

Approved by the trustees of the charity on .................... and signed on its behalf by:

......................................... Mr R Batson Chairman

Page 7

How Hill Trust

Independent Examiner's Report to the trustees of How Hill Trust

I report to the trustees on my examination of the accounts of How Hill Trust for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity trustees of How Hill 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 How Hill Trust's accounts carried out under section 145 of the 2011 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

Since How Hill Trust's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Wright Accountancy, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of How Hill Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting 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.

...................................... David Wright FCA Wright Accountancy

83 Cromwell Road Norwich Norfolk NR7 8XJ

28 Oct 2024 Date:.............................

Page 8

How Hill Trust

Statement of Financial Activities for the Year Ended 31 December 2023

Note
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investment income
5
Other income
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net expenditure
Other recognised gains and losses
Other gains/losses
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
20
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investment income
5
Other income
Total income
Expenditure on:		 Unrestricted
funds
£
31,731
266,208
37,928
3,012
10,552
349,431
(7,828)
(423,918)
(431,746)
(82,315)
6,504
(75,811)
1,121,608
1,045,797
Unrestricted
funds
£
69,251
190,445
26,995
2,852
18,326
307,869		 Restricted
funds
£
-
-
-
-
-
-
-
(3,867)
(3,867)
(3,867)
-
(3,867)
4,000
133
Restricted
funds
£
7,200
-
-
-
-
7,200		 Total
2023
£
31,731
266,208
37,928
3,012
10,552
349,431
(7,828)
(427,785)
(435,613)
(86,182)
6,504
(79,678)
1,125,608
1,045,930
Total
2022
£
76,451
190,445
26,995
2,852
18,326
315,069

The notes on pages 12 to 29 form an integral part of these financial statements. Page 9

How Hill Trust

Statement of Financial Activities for the Year Ended 31 December 2023

Note
Raising funds
Charitable activities
Total expenditure
Net (expenditure)/income
Other recognised gains and losses
Other gains/losses
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
20		 Unrestricted
funds
£
(5,292)
(357,586)
(362,878)
(55,009)
(7,775)
(62,784)
1,184,391
1,121,607		 Restricted
funds
£
-
(7,138)
(7,138)
62
-
62
3,938
4,000		 Total
2022
£
(5,292)
(364,724)
(370,016)
(54,947)
(7,775)
(62,722)
1,188,329
1,125,607

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 20.

The notes on pages 12 to 29 form an integral part of these financial statements. Page 10

How Hill Trust

(Registration number: 289171) Balance Sheet as at 31 December 2023

Note
Fixed assets
Tangible assets
14
Current assets
Stocks
16
Debtors
17
Cash at bank and in hand
18
Creditors: Amounts falling due within one year
19
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
20		 2023
£
967,388
6,048
12,835
92,021
110,904
(32,362)
78,542
1,045,930
133
1,045,797
1,045,930		 2022
£
964,606
7,400
11,747
191,294
210,441
(49,440)
161,001
1,125,607
4,000
1,121,607
1,125,607

The financial statements on pages 9 to 29 were approved by the trustees, and authorised for issue on ....................27 Oct 2024 and signed on their behalf by:

......................................... Mr M Flett Trustee

The notes on pages 12 to 29 form an integral part of these financial statements. Page 11

How Hill Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

How Hill Trust meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Page 12

How Hill Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be sepent on a particular purpose and returned if unspent, in whcih case it may be regarded as restricted.

Expenditure

All expenditure is recognised (inclusive of irrecoverable VAT) once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

These are costs incurred in attracting voluntary income, the management of investments and those incurred in all fundraising activities, events, non-charitable trading activities and the sale of donated goods.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Other expenditure comprises all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Page 13

How Hill Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

Tangible fixed assets

Tangible assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Heritage assets

Heritage assets measured under the cost model are recognised initially recorded at acquisition cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Heritage assets measured under the revaluation model are recorrded at fair value less any accumulated impairment losses.

Where information on the cost or value of an asset is not available and cannot be obtained at a cost which is commensurate with the benefits to users of financial statements, the asset shall not be recognised in the statement of financial position.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Plant and machinery 33% reducing balance
Fixtures, fittings and equipment 33% reducing balance
Motor vehicles 33% reducing balance
Living marshes 33% reducing balance

Page 14

How Hill Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Stock

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 15

How Hill Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

Trade creditors

are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Page 16

How Hill Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

Financial instruments

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Basic financial instruments are initially recognised at the amount receivable or payable inlcuding any related transaction costs.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recoginised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Page 17

How Hill Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

2 Income from donations and legacies

Donations and legacies;
Donations
Legacies
Grants, including capital grants;
Grants receivable
Donations and legacies;
Donations
Grants, including capital grants;
Grants receivable		 Unrestricted
funds
General
£
39,251
30,000
69,251		 Unrestricted
funds
General
£
19,713
10,018
2,000
31,731
Restricted
funds
£
4,000
3,200
7,200		 Total
2023
£
19,713
10,018
2,000
31,731
Total
2022
£
43,251
33,200
76,451

3 Income from charitable activities

Residential courses, day visits, venue hire and other events
Residential courses, day visits, venue hire and other events		 Unrestricted
funds
General
£
266,208
Unrestricted
funds
General
£
190,445		 Total
2023
£
266,208
Total
2022
£
190,445

Page 18

How Hill Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

4 Income from other trading activities

Trading income;
Shop income
Tea room income
Trading income;
Shop income
Tea room income
5 Investment income
Other income from fixed asset investments
Interest receivable and similar income;
Interest receivable on bank deposits
Other income from fixed asset investments		 Unrestricted
funds
General
£
7,460
30,468
37,928
Unrestricted
funds
General
£
4,261
22,734
26,995
Unrestricted
funds
General
£
3,012
3,012
Unrestricted
funds
General
£
373
2,479
2,852		 Total
2023
£
7,460
30,468
37,928
Total
2022
£
4,261
22,734
26,995
Total
2023
£
3,012
3,012
Total
2022
£
373
2,479
2,852

Page 19

How Hill Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

6 Expenditure on raising funds

a) Costs of trading activities

Note
Costs of goods sold
Note
Costs of goods sold		 Unrestricted
funds
General
£
7,828
7,828
Unrestricted
funds
General
£
5,292
5,292		 Total
2023
£
7,828
7,828
Total
2022
£
5,292
5,292

7 Expenditure on charitable activities

Note
Residential courses, day visits, venue
hire and other events
Depreciation, amortisation and other
similar costs
Staff costs
Governance costs		 Unrestricted
funds
General
£
145,689
6,732
270,715
782
423,918		 Restricted
funds
£
3,867
-
-
-
3,867		 Total
2023
£
149,556
6,732
270,715
782
427,785

Page 20

How Hill Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

Note
Residential courses, day visits, venue
hire and other events
Depreciation, amortisation and other
similar costs
Staff costs
Governance costs		 Unrestricted
funds
General
£
108,120
9,622
239,057
787
357,586		 Restricted
funds
£
7,138
-
-
-
7,138		 Total
2022
£
115,258
9,622
239,057
787
364,724

8 Analysis of governance and support costs

Governance costs

Independent examiner fees
Examination of the financial statements
Independent examiner fees
Examination of the financial statements
9 Net incoming/outgoing resources
Net outgoing resources for the year include:
Operating leases - plant and machinery
Loss on disposal of fixed assets held for the charity's own use
Depreciation of fixed assets		 Unrestricted
funds
General
£
782
782
Unrestricted
funds
General
£
787
787
2023
£
744
-
6,732		 Total
2023
£
782
782
Total
2022
£
787
787
2022
£
793
(1,100)
10,722

Page 21

How Hill Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

10Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

11Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2023
£
241,970
17,108
11,637
270,715		 2022
£
214,890
13,722
10,445
239,057

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

2023 2022
No No
All staff 9 9

9 (2022 - 9) of the above employees participated in the Defined Contribution Pension Schemes.

No employee received emoluments of more than £60,000 during the year

12Independent examiner's remuneration

2023 2022
£ £
Examination of the financial statements 782 787

Page 22

How Hill Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

13Taxation

The charity is a registered charity and is therefore exempt from taxation.

14Tangible fixed assets

Cost
At 1 January 2023
Additions
Disposals
At 31 December 2023
Depreciation
At 1 January 2023
Charge for the year
Eliminated on
disposals
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022		 Land and
buildings
£
954,059
-
-
954,059
-
-
-
-
954,059
954,059		 Furniture
and
equipment
£
325,338
11,164
(2,650)
333,852
314,791
6,732
(1,000)
320,523
13,329
10,547		 Motor
vehicles
£
3,300
-
-
3,300
3,300
-
-
3,300
-
-		 Other
tangible
fixed asset
£
61,967
-
-
61,967
61,967
-
-
61,967
-
-		 Total
£
1,344,664
11,164
(2,650)
1,353,178
380,058
6,732
(1,000)
385,790
967,388
964,606

Page 23

How Hill Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

15Heritage assets

Heritage assets

The Trust has designated How Hill as a heritage asset (included within Tangible Freehold Property) as it is an asset of historical importance that is held to advance the preservation and conservation objectives of The Trust.

The very long expected life of the property, due to its nature, value and need to be protected and preserved means that depreciation is not material and will, therefore, not be provided.

16Stock

16Stock
Stocks
17Debtors
Prepayments
Other debtors		 2023
£
6,048
2023
£
8,862
3,973
12,835		 2022
£
7,400
2022
£
8,389
3,358
11,747

18Cash and cash equivalents

Cash at bank
Short-term deposits
Bank overdrafts
Cash and cash equivalents in statement of cash flows		 2023
£
5,261
86,760
92,021
(133)
91,888		 2022
£
8,659
182,635
191,294
(4,000)
187,294

Page 24

How Hill Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

19Creditors: amounts falling due within one year

19Creditors: amounts falling due within one year
Bank overdrafts
Bank loans
Trade creditors
Other taxation and social security
Accruals		 2023
£
133
25,757
-
5,672
800
32,362		 2022
£
4,000
35,617
693
5,490
3,640
49,440

Page 25

How Hill Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

20Funds

Unrestricted funds
General
Designated
Total unrestricted funds
Restricted funds
Total funds
Unrestricted funds
General
Designated
Total unrestricted funds		 Balance at 1
January
2023
£
193,238
928,370
1,121,608
4,000
1,125,608		 Incoming
resources
£
349,431
-
349,431
-
349,431
Balance at 1
January
2022
£
256,021
928,370
1,184,391		 Resources
expended
£
(431,746)
-
(431,746)
(3,867)
(435,613)
Incoming
resources
£
307,869
-
307,869		 Transfers
£
Other
recognised
gains/(losses)
£
(25,689)
6,504
25,689
-
-
6,504
-
-
-
6,504
Resources
expended
£
Other
recognised
gains/(losses)
£
(362,878)
(7,775)
-
-
(362,878)
(7,775)		 Balance at
31
December
2023
£
91,738
954,059
1,045,797
133
1,045,930
Balance at
31
December
2022
£
193,237
928,370
1,121,607

Page 26

How Hill Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

Restricted funds
Total funds		 Balance at 1
January
2022
£
3,938
1,188,329		 Incoming
resources
£
7,200
315,069		 Resources
expended
£
Other
recognised
gains/(losses)
£
(7,138)
-
(370,016)
(7,775)		 Balance at
31
December
2022
£
4,000
1,125,607

Page 27

How Hill Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

21Analysis of net assets between funds

21Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted funds
General
£
Designated
£
13,329
954,059
110,771
-
(32,362)
-
91,738
954,059
Unrestricted funds
General
£
Designated
£
36,236
928,370
206,441
-
(49,440)
-
193,237
928,370		 Restricted
funds
£
-
133
-
133
Restricted
funds
£
-
4,000
-
4,000		 Total funds
at 31
December
2023
£
967,388
110,904
(32,362)
1,045,930
Total funds
at 31
December
2022
£
964,606
210,441
(49,440)
1,125,607

Page 28

How Hill Trust

Notes to the Financial Statements for the Year Ended 31 December 2023

22Related party transactions

During the year the charity made the following related party transactions:

Friends of How Hill

Donations made direct to the Trust - £Nil (2022 - £4000) and in addition paid on behalf of the Trust items amounting to £Nil (2022 - £4,589). These amounts are included within donations received.. At the balance sheet date the amount due to/from Friends of How Hill was £Nil (2022 - £Nil).

Page 29

How Hill Trust

Statement of Financial Activities by fund for the Year Ended 31 December 2023

Total Total
Unrestricted Unrestricted
Funds Funds
2023 2022
£ £
Income and Endowments from:
Donations and legacies 31,731 69,251
Charitable activities 266,208 190,445
Other trading activities 37,928 26,995
Investment income 3,012 2,852
Other income 10,552 18,326
Total income 349,431 307,869
Expenditure on:
Raising funds (7,828) (5,292)
Charitable activities (423,918) (357,586)
Total expenditure (431,746) (362,878)
Net expenditure (82,315) (55,009)
Net movement in funds (82,315) (55,009)
Reconciliation of funds
Total funds brought forward 1,121,608 1,184,391
Total funds carried forward 1,039,293 1,129,382

This page does not form part of the statutory financial statements. Page 30

How Hill Trust

Statement of Financial Activities by fund for the Year Ended 31 December 2023

Income and Endowments from:
Donations and legacies
Total income
Expenditure on:
Charitable activities
Total expenditure
Net (expenditure)/income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Total
Restricted
Funds
2023
£
-
-
(3,867)
(3,867)
(3,867)
(3,867)
4,000
133		 Total
Restricted
Funds
2022
£
7,200
7,200
(7,138)
(7,138)
62
62
3,938
4,000

This page does not form part of the statutory financial statements. Page 31

How Hill Trust

Detailed Statement of Financial Activities for the Year Ended 31 December 2023

Income and Endowments from:
Donations and legacies (analysed below)
Charitable activities (analysed below)
Other trading activities (analysed below)
Investment income (analysed below)
Other income (analysed below)
Total income
Expenditure on:
Raising funds (analysed below)
Charitable activities (analysed below)
Total expenditure
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Total
2023
£
31,731
266,208
37,928
3,012
10,552
349,431
(7,828)
(427,785)
(435,613)
(86,182)
(86,182)
1,125,608
1,039,426		 Total
2022
£
76,451
190,445
26,995
2,852
18,326
315,069
(5,292)
(364,724)
(370,016)
(54,947)
(54,947)
1,188,329
1,133,382

This page does not form part of the statutory financial statements. Page 32

How Hill Trust

Detailed Statement of Financial Activities for the Year Ended 31 December 2023

Legacies and bequests
Appeals and donations
Appeals and donations
Grants - other agencies
Grants - other agencies
Adult residential courses
Residential other
School residential visits
School day visits
Young persons events
Venue hire
Other income
Adult day visits
Other
Sales of donated goods
Sales of purchased goods
Income from other unlisted investments
Interest on cash deposits		 Total
2023
£
10,018
-
19,713
-
2,000
31,731
15,612
4,115
178,394
13,856
4,779
45,649
-
2,330
1,473
266,208
7,460
30,468
37,928
3,012
-
3,012		 Total
2022
£
-
4,000
39,251
3,200
30,000
76,451
24,641
300
129,506
15,126
632
19,916
324
-
-
190,445
4,261
22,734
26,995
2,479
373
2,852

This page does not form part of the statutory financial statements. Page 33

How Hill Trust

Detailed Statement of Financial Activities for the Year Ended 31 December 2023

Special events income
Wherry events
Garden entry
Shop costs
Catering costs
Event expenses
Course expenses
Sundry expenses
Cleaning
Motor expenses
Legal and professional fees
Bank charges
Wages and salaries
Staff NIC (Employers)
Staff pensions (Defined contribution) - pension scheme 1
Subcontract cost
Staff training
Travelling
Rates
Light, heat and power
Insurance
Repairs and maintenance
Repairs and maintenance
General maintenance
Telephone and fax
Computer software and maintenance costs
Hire of other assets (Operating leases)		 Total
2023
£
6,744
(140)
3,948
10,552
(7,828)
(7,828)
(33,532)
(618)
(12,446)
(2,999)
(2,071)
(669)
(1,419)
(465)
(241,970)
(17,108)
(11,637)
(10,485)
-
47
(2,123)
(27,846)
(23,840)
(3,867)
(13,795)
(9,559)
(1,802)
(429)
(744)		 Total
2022
£
11,637
920
5,769
18,326
(5,292)
(5,292)
(21,704)
(419)
(4,654)
-
-
-
-
-
(214,890)
(13,722)
(10,445)
-
(14,219)
-
(3,029)
(27,341)
(21,763)
(7,138)
(8,462)
-
(1,574)
(1,883)
(793)

This page does not form part of the statutory financial statements. Page 34

How Hill Trust

Detailed Statement of Financial Activities for the Year Ended 31 December 2023

Legal and professional fees
Bank interest payable
Depreciation of plant and machinery
Depreciation of fixtures and fittings
(Profit)/loss on sale of tangible fixed assets held for charity's own use
Independent examiner's fee		 Total
2023
£
-
(894)
(4,802)
(1,930)
-
(782)
(427,785)		 Total
2022
£
(690)
(1,589)
(7,656)
(3,066)
1,100
(787)
(364,724)

This page does not form part of the statutory financial statements. Page 35

SIGNATURE CERTIFICATE

Document

Name 2023-12-31 - Accounts for approval by client.pdf Creator David Wright (david@wrightaccountancy.co.uk) Date 25 October 2024 11:46:10 UTC Identifier 652028cf-a30f-467d-bff4-396432bd7ce4

Signers

mikeandjeanne@btinternet.com

E-mail mikeandjeanne@btinternet.com Signed 27 October 2024 12:53:56 UTC IP address 109.154.190.111

richardjbatson@gmail.com

E-mail richardjbatson@gmail.com Signed 28 October 2024 9:35:51 UTC IP address 86.165.7.117

SIGNATURE CERTIFICATE

Document

Name 2023-12-31 - Accounts for approval by client (Signed).pdf Creator David Wright (david@wrightaccountancy.co.uk) Date 28 October 2024 10:20:00 UTC Identifier bf97a4aa-9861-44f0-84cc-9b9bba0dd543

Signers

David Wright

E-mail david@wrightaccountancy.co.uk Signed 28 October 2024 10:20:21 UTC IP address 81.155.108.67