THE HOPE KEITH VILLAGERS TRUST LIMITED BY GuARArEE FINANCIAL STATEMENTS for th• year ended 5 OCTOBER 2023 COMPANY NUMBER.. 1814495 CHARITY NUMBER: 290168 Propared by CMB Partnership Limited 7 Wey Court Mary Road Guildford Surr8y GU14QU
THE HOPE KEITH VILLAGERS TRUST TRUSTEES A H Gilroy E G Kitchen JAFPace R D Hamnett P H Calvert A M Calvert SECRETARY K P Hamnett REGISTERED OFFICE Clo CMB Partnership Limrted 7 Wey Court Mary Road Guildford Surrey GU14QU AUDITORS CMB Partnership Limited 7 Wey Court Mary Road Guildford Surrey GU14QU SOUCITORS W Davies Acorn Hous8, 5 Chertsey Road Woking Surrey GU215AB BANKERS B8r¢lays Bank plc 15 Bishops Quay Horsham West Sussex RH12 1QJ INVESTMENT ADVISER Sarasin & Partners LLP Juxon Hous8 100 St Paul's Churchyard LorKlon EC4M 8BU
THE HOPE KEITH VILLAGERS TRUST INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S OCTOBER 2023 Page Report of the Directors Independent Auditors, Report Statement of Financial Adivities Balance Sheet 10 Notes to the Financial Statements
IHE HOPE KEITH VILLAGERS TRUST REPORT OF THE DIRECTORS The Tru8tee8 present their report and the audited financial statements for the year ended 5 October 2023. REFERENCE AND ADMINISTRATIVE DETAILS Charlty nUMr 290168 Company number 1814495 Directors and Trusteos The Diredors of the Chartlable Company are tts Trustees for the wrpose of Charity Law. The Trustees Rep)rt is therefore a Directors Report under Section 417 Companies Act 2006. The Trustees who seNed throughout the year and at the date of approval of th8 Trustees Report were: A H Gilroy R D Hamnett E G Kitchen AJFPace JAFPace P H Cafvert A M Calvert was appointed as a Trustee on 28 February 2023. Imth regreL Sin the year end the Board advise of the death of A J F Pace. The TNstees are all unpaid. The company is limited by guarantee. Each of the Trustees is a member of the company. On a winding up ot the company each member of the company will be required to contribute a sum not exceeding £1. Secretary K P Hamnett STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The Hope Keith Villagers Trust is govemed by ts Memorandum and Articles of Association. The Financial statnents have Ixen wepared in accordan with the attounting poliThes set out note 1 to th8 accounts and comply wrth the Charities Act 2011 and Accounting and Repting by Charities.. Statement of Recommended Pradice applicab to charities pr8paring their accounts in accordance wrth the Financial Rewrting Standard applicable in the UK and The Republic of Ireland (FRS 102) (2nd Edition, Effective January 2019). The report takes account of the requirement for Trustees to report annually on public benefft and the Trustees have had regard to the Charity Commission's guidan on public benefits. Appointmont of Trustees Trustees are appointed and removed by resolution at Trustees, meetings. Page 1
THE HOPE KEITH VILLAGERS TRUST REPORT OF THE DIRECTORS (Contlnued) STRUCTURE, GOVERNANCE AND MANAGEMENT (Continued) Tru$ts• induction and training Thère have been few changes to the Board of Trustee8 for Several years. Any new Trustee appointed would be expected to attend extemal training events where these would faalitate the undertaking of their role. Organlsation The Trustees are responsibfe forthe management of the Charity and meet as regularly 85 necessary throughout the year. Risk management The major risks to which th8 company may be exposed, as identified by the Trustee$, are subject to periodic reviews and systems to mitigate these risks have been established. OBJECTIVES AND ACTIVITIES Objects The Trust r8 established for the public benefrt for the following objects.. 1. The relief and care of elderty persons of all classes suffering from the disabilities of old age or OthervSe in need who Come from villages. 2. Such other purposes r8cognised by English law as diarilable as the Trust shall detemiine from ts-me to time. Achlevements and perforniance The Trust's agreement with Age UK Horsham ended on 31st March 2023. Subsequently the Trust has made an agreement with Su&8ex Rural Community Council trading as Action in Rural Sussex {AirS) that will enable the continuation of the role of village agent in delivering information, advic8 and support to enable older people in the villages of Rusper. Faygate and Colgate to implement deGi5ions ConmIng their lives and to access the support they may need. During the year the Trust has agreed to make grants to Rusper Villag8 Hall Trust to enable it to carry out nècessary repairs to the Rusper village hall and to provide spac& available to the Trust for the furtherance of the Tru$t's charitable activities. Financial revlew Incoming oUrceS amounled to £113,535 and resources expended on the unrestrict8d fund were £81,327 resulting in a surplus of £32,208. After taking acc(yJnt of gains on revaluation of investments the net assets have increased during the year by £135,714. Publlc benefit statement The Trustees are satisfied that they have Complied with the duty in Section 17 of the Charities Act 2011 to have regard to the public nefrt guidance issued by the Charrty Commission. Plans for the future The Trustees are continuing to pursue variou8 strategies for provlding care for the elderly In compliance with the Trust's ot4'ects. Page 2
THE HOPE KEITH VILIAGERS TRUST REPORT OF THE DIRECTOR8 {Contlnued) OBJECTIVES AND ACTIVITIES Reserves policy The Trustees are satisffied that the Ch8rty has adequate resources to meet its needs. At 5 October 2023 the Endowment Fund amountsd to £3,041,17912022 - £2,897,673) and the General Fund amounted to £31,728 (2022 - £39,520). In the evenl of any sh¢)rtfall in General Fund income the Trustees may apply funds from the Endowment Fund. RESPONSIBILITIES OF THE TRUSTEES The Charilvs Trustees are responsible for preparing the Annual Report and finandal statements in accordance with ap1¢able law and United Kingdom Generalty Accepted Accounting Practice. Charity and company law qUI5 the Trustees to prepare financial statements for each financral period. The financial statements are required by law to gNe a true and fa view of the state of the affairs of the Charity and of its financial aclvtties fc* that perk. In preparing those flnanclal slalements, the Trustees are required lo:_ select sutlable accounting poliaes and then apply them ¢on$islentty' make judgements and estimates that are reasonable and prudent. Stste whether applicable accounting standard5 and slalements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements: prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Charity will conlinue in The Trustees are fespon5ible for keeping proper accounling re¢(Kds whith disclose with re880nab aracY at any time the financial positlon of the Charity and enabbe them to ascertain the financ¢al position of the Charity and which enable$ them to ensure that the financkgl statements comply with the compan Act 20. They are also responsible for safeguarding the assets of the Charity and he ts tsking reasonable steps for the preTrMtion and detection of fraud and other irregularities. The Trustses confirm that so far as they are aware. there is no relevant audit infomiation (as defined by Section 418 of th6 C(Mnpanig9 Act 20061 of which the Charty's auditors a unaware. and each Trustee has taken all the steps they ought to have taken as Trustees to make themselves aware of any relevant audit informatts)n and to establish that the Charity's auditors are aware of tFot infoatIon. AUDITORS The auditors. CMB Partnership Llmlted. are wllling to be re-appointed in acoydance wrlh the Companies Act 2006. SMALL COMPANY DISCLOSURE This report has been prepared in accordancewrth the special provisb)ns ofPart15 of the Companies Act 2( relating to small companies. By Order of the Bo8rd and on behalf of all ofthe Trustees: A H GILROY Trustee Date: Page 3
THE HOPE KEITH VILLAGERS TRUST tNDEPENDENf AUDITORIS REPORT TO THE MEMBEILS OF THE HOPE KEITH VILLAGERS TRUST Oplnlon W8 have audited the financial statements of The Hope Keith Villager5 Trust {the 'charitable company'l for the year ended 5 October 2023 which comprise the balanc8 sheet, Statement of Financial Activities and notes to the financial statements, including a summary of significant accounting policie5. The financial reporting frameVrk that has been appli8d in their preparation is applicable law and United Kingdom AccountirvJ Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted A¢¢ounting Pra¢ti¢e). In our opinion, the financial statements: give a true and fair view of the state of the charitable ¢ompany's affairs as at 5 O¢tob8r 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended,. h*rfe been Kyopedy prepared in accordance with Unltsd Kingdom Generally Apted Accounting Practice,. and have LEen wepared in accordance wlth the requirements of the Companres Act 2006. Ba818 for opinion W8 conducted our audit in accordance with Intemational Standards on Auditing (UK) {ISAs {UK)) and applicable law. Our responsibilities under those standards are further described in the Audrtor's responsibilities f(x the audit of the financial statements section of our report. We are independent of the charitable company in accordan with the ethical requirements that are relevant to our audit of the financial statements in the UK, in¢luding the FRC'S Ethical Standard, and we have fUilled our other ethical responsibilities in accordan with these requirements. We believe that the audit evidence we have obtained is SLfficient and appropriate to provide a basis for our OniOn. Conclusions relatlng to golng concern In auditing the financial statements, we have conduded that the truste8s' use of the going concem basis of accounting in the preparatlon of the financial ststements is approwiate. Based on the work that we have p8rfomied we have not identified any materFal uncertaint$ relating to events or conditions that, Individually or colle¢tively may cast signfficanl doubt on the entity's ability to continue as a going concem for a period of at least bNelve months from when the financial stat8ments are authorised for issue. Our responsibilities and th8 responsibilrties of the trustees with respect to going concern are described in the relevant sections of this report. Pag8 4
THE HOPE KEITH VILLAGEILS TRUST 1Tr4DEPENDENf AUDITORYS REPORT TO THE MEMBERS OF THE HOPE KEITH VILLAGERS TRUST (Continued) Other inforn)atlon The other infonnation compri88S the infonnation included In the Annual Report other than the financial statements and our audttor's report thereon. The Twstees are responsible for the other infomiation conlained within the annual report. Our opinion on the financial statements does not Gover the other infcrmation and, exc8Pt to the extent otherwise explicitly, y do not express any fom of assurance conclusion thereon. Our responsibilty is to read the other information and. in doing $0, consider whether the other infomiation is materially inconsistent with the financial statements or our knowledge obtained in the course of the audil or otherwise appears ta be materially misstated. If we identfy such material inconsistencies or apparent material misstatements, we are required to detemine whether this givés rise to a material misstatement in the Financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Oplnlons on othar matters prescribed by the Companies Act 2006 In our opinion, based cn th8 work undertaken in the course of the audit.. the infomation given in the trustees, report, which includ85 the directors, report prepared for company law purposes, for the financial year for which the financial statements ar8 prepared is consistent with the financial statements- and the diredors. report included within the trustees, report has been prepared in accordance with applicable legal requirements. Matters on whlch we are required to report by •x¢•ption In the light of the knowledg8 and understanding of the ¢h8ritable company and its environment obtained in the course of the audit, we have not identrfied material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to reFort to you if, in our opinion.. adequate accountlng records have not been kept, or returns adequate for our audit have not been receNed from branches not vrsited by us., or the financial statements are not in agreement with the accounting records and retums" or certain disclosures of trustees, remuneration specrfied by law are not made" or we have not réceived all the infomiation and explanations we require for our audit,. Responsibilltles of trust8e8 As explained more fully in the trustees, responsibilities statement the trustees (who are also the directors of the Charitable company for the purposes of company law) are responsible for the preparation of the financial statements arKJ for being satisfied that they give a true and falr view, and for suGh internal control as the trustees detennine is necessary to enable the preparation of finan¢iai statements that are free from material misstatement, whether due to fraud or error. Page 5
THE HOPE KEITH VILLAGERS TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE HOPE KEITH VILLAGERS TRUST (Continued) Responsibilities of trusteos (Continued) In preparing the tinancial statements, the tNstees are responsible for assessing the charitable company's abilty to continue as a going con¢em, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the charitab company or to cease operations, or have no realistic alternative but to do so. Auditorfs responsibilttla$ for the audlt of tho financial s&ements Our objec*ve$ are to obtain reasonable aSSuw about whether the financial statements as a whol6 are free from material mtsstatemenl, vthether due to fraud or error, and to issue an auditots report that includes our opinion. Reasonable assurance is a hh level of assurance, but Is not a guarantee that an audit conducted in accordance with ISAS will always detect a material misstatement when it exists. MFSStatements can arise from fraud or error and are considered material rf, individually or in aggregate, they could reasonably be expeded lo irffluence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, a instances of non-compliance with laws and regulations. Vve design procedures in line with responsibiliti'es, outlin8d above, to detect material misstatements in respect ofiirregulariites, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed bel1. Discussions wh and enquiries of management and those charged the governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagemenl team briefing, the outcomes of these dlscussions and enquiries wero shared with the team as well as consideration as to where and how fraud may occur in the entity. Those laws and regulation8 considered to have a direct effect on the financial statemerrts include UK financial reporting standards and Charity Law. Those law8 and regulations for which noTrcompliance may be fundamental to the operating aspects of the charity and therefore may have a material effect on th8 finanoal statements include Compliance with the ¢haritabl8 objediyes. public benefit, fundraising regulatlons, safeguarding and health and safety legislation. Those matters ware discussed amongst the engagement team at the planning stage and the team remained alert to non-compliance throughout the audit. Audit procedures undertaken in response to the potential risks relating to irregularities (vthich include fraud and non-compliance with laws and regulations) comprised of: enquiries of management and the Trustees as to whether the entity complies with such lavts and regulations, enquiries with the same conceming any actual or potential litigation or claims,. inspection of relevant legal Corresponden., review of trustee meeting minutes; and the performance of analyts'cal review to identrfy unexpeoted movements in account balances which may be indicative of fraud. Page 6
THE HOPE KEITH VILLAGERS TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE HOPE KETTH VILLAGERS TRUST (Continued) Respon8lbilit5es of trustees (Continuadl No instances of material norFcomplIan were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irr&gularllies, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities Ihat result from fraud might be inhentIY more dfficult to detect than iegUlaritieS that resur( from eThor. As explained above, there is an unavoidable risk that material misstatements may not be delected, even though the audit has been planned and perfomied in accordance with ISAS (UK). A further description of our responsibilities for the audit of the financial statements is located at: https.@llwww.frc org.uklauditors responsibilities. This fomis part of our auditor's report. Auditovs responsibllltles for the audft of tho financial statements Use of our Report This report is made solely to the charitable company's members. as a body, in accordan with Chapter 3 of Part 16 of the Companies Ad 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we required to state to them in an auditorfs report and for no other putposes. To the fullest extent pennitted by law, we do not a¢cept or assume responsibilty to anyone other than the charitable company and the charitable company's members as a body, for our audlt work, for this report of the opinions we havè formed. Russell Brown - Senior Statutory Auditor For and on behalf of CMB P8rtn8rship Limited, StatLrtory Auditor CMB Partnership Llmlted Registered Auditors 7 Wey Court, Mary Road Guildford, Surrey GU14QU Date." 117 ILf Page 7
THE HOPE KEITh VILLAGERS TRUST STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED S OCTOBER 2023 RestrlGt•d Capltal Fund• Year to 08.10.2023 Year to IJS.10.2022 UnroBtrlct•d Fun INCOME AND EXPENDrtURE Incoming re8011r¢•s Investment income (UK) Sarasin income Rents receivable 78,704 34.831 78.704 34.831 77,918 20,629 Total In¢oming re8ourc¢g 113,535 113535 98,547 Resource8 expend•d Charitable activities Grant to Age UK Horsham Grant to Phoenix Stroke Club Grant to Rusper Village Hall Other grants Property Management costs Investment rnanagement costs Governance o)sts 24,522 24,522 31.697 7,500 19,796 1,000 18,229 5,051 12,729 19.798 1,000 18,229 20,222 12,729 28,666 19,473 12.037 15,171 Totsl re80urceg •xp•nded 81,327 15,171 96.498 99,373 Net In¢om•l{expendfturg1 for the perfod b•loM tran8far6 32,208 (15,1711 17,037 (8261 Other re¢ogni$•d galns & los8 Gains and losses on revaluation and disposal of investments.. Realised unalISed 617 118,677 118.677 292.354 Net mov•m•nt in funth b•for• tran8fepJ 32,208 103,506 135,714 1293,180) Transfer betsveen funds 11 40,000 Net moveMt in funds 7,792 143,5C 135,714 293,180 Fund balances brought forward al 6 October 2022 39.520 2,897,673 2,937,193 3,230,373 Net movement in funds for the year Fund balan¢es ¢arrfed forward at 5 October 2023 7.792 143,6 135,714 293,180 11112 31,728 3,041,179 3,072.907 2,937,193 The Statement of Financial Activities gives the equivalent infomiatKn to an Income and Expenditure Account and accordingly no separate In¢orr and ExFenditur8 Account has been pTc*Juced. Al of the Charitable activities Incoming resources and resources expended were from conb'nuing operations. Page 8 The notes form part of these finan¢lal statements.
THE HOPE KEITH VILLAGERS TRUST BALANCE SHEET AT 5 OCTOBER 2023 S Octobor 2023 S October 2022 FIXED ASSETS Tangible fixed a8sets Investments 51,410 2 971,600 3,023,010 59,089 2 833 147 2.892,236 CURRE ASSETS Debtor8 Cash at Bank 1,745 44,952 51.712 CREDITORS: Amounts falling due within one year 1,815 NET CURRENT ASSErs 49,897 44,957 TOTAL ASSETS LESS CURRENT LIABILlEs 3 072 907 2 937 193 REPRESENTED BY: Restricted Funds.. Endowment Fund 12 3,041,179 2,897,673 Unrestricted Funds.. General Fund 11112 31.728 39,520 3.072.907 2,937,193 The accounts have been prepared in aCarte with the speclal provlslons of Part 15 of the Companies Act 2006 relatlng to small companies. proved by the Board on 2 f* 3029 and shJned on its behalF The financial statements wer by- A H GILROY - Trustee The notes forni part of these financial statements Page 9
THE HOPE KEITH VILLAGERS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 OCTOBER 2023 ACCOUNTING POLICIES Basis of Accounting Th8 accounts (finanoal statements) have been prepared und6r the histori1 cost convention with items recognised at cost or transadion value unless otheThvise stated in the relevant notes to these accounts. The financial statements have teen prepared in accordan vAth the Statement of Recommended Pradice., Accounting and Rep¢)rting for Charities prepaTing their accounts in accordance with t1 Financial Reporting StaThlard applicab in the UK and Republic of IrelarKI (FRS 102) (2r* Edition effective January 2019) and the Financial Reporting Standard applrcable in the United Kirodom and Republ of Ireland (FRS 102), the Charities Act 2011 and Companie5 Act 2CX)6. Funds Unrestricted funds are available for use atthe discretion of the Trustees in furtherance of the general charilable objectives. The Endowment Fund is represented by the assets vested in the company under the terms of the will of Mrs H M Keith and erther retained or invested by the Trustees in furtherance of the obj.ects of the Trust, The Endowment Fund may be applied to make good any shortfall in UntriCted funds. Otherwtse the Trustees regard these funds as restricted capital funds. Incomlng resources Rentsl income aris88 on property held by the company. This is accounted for on an accruals basis. Investment income represents income received on sums invested in collective Investments funds. This is accounted for on an accruais basis. Interest receivable represents int8re8t on bank deposits. Thls is accounted for M an accruals basis. Resources expend•d Costs of Charitable activities are accounted for on an acvuals basis. Govemance costs are accounted for on an accruals basis. 1.5 Tangible Flxed Assets Tan9ible fixed assets are included at cost less depwiation. Page 10
THE HOPE KEITH VILLAGERS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 OCTOBER 2023 ACCOUNTING POLICIES (Contlnued) Investments These comprise investmerrts in collectr¥e investment funds arKI freehold wopety. The Investments in collective ndS are stated at market value. Any mov8ments in the market value of these investments are induded within unrealised gains or losses in the Statement of Financial Activities. Any drfferences between the disposal proceed8 and the previous market value rewrted in the accounts are included within reali8ed gains or losses in the Statement of Financial Activities. The Trustees consider that monies held for inveslment by the investment adviser should treated as investments. The freehold property is included at cost. As the property did not fonn part of the Wayside residential home the property is included within investrnents rather than tsngible fed assets. The Trustees consider that the property does not meet the criteria of dassifying as an Investment Property and is not therefore included at valuats'on. The propety is included at cost and the residual value is considered to exceed Cost. No depreciation charge therefore arises for the year. Depreciation Depreciation is provided using rates to reduce by annual instalments the cost of the tangib fixed assets over their estimated useful Ilve$.'. Plant and machinery etc Over 5 or 10 years straight line Fixed assets are all Capitalised unless of immaterial cost. 1.8 Unpald volunteers The Trustees are all unpaid exrRpt for reimbursed expenses as disclosed in note 3. 1.9 Ca•h flow statsment No cash flow statement is required as the company qualffies as a Small company. Page 11
THE HOPE KEITH VILLAGERS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S OCTOBER 2023 NET MOVEMENT IN FUNDS 2023 2022 This is stated after charging:_ Depreciation Auditors, remuneration.. Audit setvices Other servi 7,679 7,679 1,100 700 1.C60 TRUSTEES AND EMPLOYEES Wage and salary costs during the year were £6.900 {2022 £7,631). There was one employee during the year (2022 one). The Trustees received no remuneration. Out of pocket expenses reImtr8ad to trustees during the year ended 5 October 2023 were £267 (2022 - £188). Th8 cosls of providing Professional Indemnty insurance for Trustees durirKJ the period was £1,74512022 - £1,745). RESOURCES EXPENDED Other Depreciatlon Total Charitable activities Property management costs Investment management costs Governan costs 45,318 10,690 20.222 12.589 45,318 18,229 20.222 12.729 7,539 140 88,819 7,679 96,498 Page 12
THE HOPE KEITH VILLAGERS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 OCTOBER 2023 TAXATION Owing to its charttable status the Charity is not liable lo income tax or rporatIOn tax on its income. TANGIBLE FIXED ASSETS Plant and machinary etc Total Cost At 6 October 2022 Addition 82,398 82,398 At 5 October 2023 82,398 82,398 Depreclatton At 6 October 2022 Charge fcK the year 23.309 7,679 23,309 7,679 At 5 October 2023 30,988 30,988 Net book amount at 5 Octoter 2023 51,410 51,410 Net book amount at 6 October 2022 59.089 59,089 Page 13
THE HOPE KEITH VILLAGERS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 6 OCTOBER 2023 INVESTMENTS 2023 2022 At 6 October 2022 Addibons Investment management costs Revaluation gainllloss) 2,833,147 40,000 {20,224) 118.677 3,119,974 25,000 (19,473) 292,354 At S October 2023 2,971600 2,833.147 Tho analysls of investments is:. 2023 2022 Sarasin Alpha CIF for Endowments Sarasin Sterling liquidity fund UK freehold proFerty 2,693,950 40,947 2,598,444 236,703 2,833,147 2,971,800 Investments The following investments each represent more Ihan 5% of the total investment portfolio valuation at 5 October 2023. 2023 2022 Sarasin Alpha CIF for Endovrnents UK freehold property 2,693,950 236,703 2,596,444 236,703 8 DEBTORS: 2023 2022 Other debtors 1.745 9 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other creditors 1.815 1,740 Page 14
TIIE HOPE KEITH VILLAGERS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 6 OCTOBER 2023 10 SHARE CAPITAL The Company is limited by guarantee and does not have a share capital. The liability of each memtrAr is limited to a sum not exceeding £1 on the winding up of t company. The word Limited is omitted by licen¢e from the Department of Trade as tP* company has a charitable status. 11 GENERAL FUND 2023 2022 Balance at 6 October 2022 Net incoming resources for the period Transfers 39,520 32.208 50.741 13,779 25,000 Balance at 5 October 2023 In accordance with note 1.2, a transfer can b8 mada from the Endowment Fund to the General Fund to meet any shortrall in unrestrided furvjs during th8 year. 12 ANALYSIS OF NET ASSETS BY FUND General {UntrICtd) Endowment {Re8tri¢t8d) Total Tangible fixed assets Irwestments Debtors Cash al bank Creditors due less than one year 51,410 2.971,600 51.410 2,971.600 33.543 1,815 31,728 18.169 51,712 1,815 3,072,907 3,041,179 13 CONTROL The company is controlled by the Trustees. Page 15