2024-04-05-accounts

THE J G HOGG CHARITABLE TRUST Trustees, Report and Financial Statements for the year ended 5 April 2024 Registered Charity Number 299042

THE J G HOGG CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 CONTENTS Page Charity information Trustees, report Independent auditor's reFKJrt Slalement of finanaal activities Balance sheet 10 Accounting poliaes Notes to the financial statements

THE J G HOGG CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 CHARITY INFORMATION Settlor John Goldsborough Hogg Idled 1st August 2003) Constitution Trust Deed- 8 December 1987 Trust8eS Sarah Jane Houldsworth Joanna Wynfreda TuNey Registgred Charity number 299042 Prlnclpal office Ludlow Trust Co Ltd Tower ￿arf Cheese Lane Bristol BS2 OJJ Independent Audltor Blue Spire Limited Cawley Priory South Pallant Chichester Wesl Sussex P019 1SY Bankers and Inv•stm•nt managèrs C. Hoare & Co 37 Fleet Street London EC4P 4DQ Cazenove Capital Management 1 London Wall Place London EC2Y SAU Inveslec Wealth & Investment (UK) 30 Gresham Street London EC2V 7QN Sollcltor Ihers LLP 16 Old Bailey London EC4M 7EG Page 1

THE J G HOGG CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 CHARITY INFORMATION Administrator Ludlow Trust Company (London) Limited 8" Floor 1 Soulhamplon Street WC2R OLR Page 2

THE J G HOGG CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 TRUSTEES. REPORT The Iru5tee5 have pleasure in presenting their annual report for the purposes of the Charities Act 2011, together with the accounts for the year ended S April 2024. The trustees have adopted the provisions of the Statement of Recommended Practice ISORPI "Accounting and Rewrting by Charrties" IFRS 1021 in preparing the annual report and financial stslements of the charity. STRUCTURE GOVERNANCE AND MANAGEMENT The Charty was created by a Deed of Trust dated 8 December 1987 by the Settlor, John Goldsborough Hogg. The Selllor died on 1 August 2003. The Will of the Settlor provided for the residuary estste to be held upon Ifust. wrth the income to be paid lo his wife Mrs Sarah Edith Hogg for Life. Mrs Hogg died on 27th March 2021 and her Wll was proved on 8th December 2021. On her death. her interest in the trust. which was 37.212% remainder share of the Wlll Trust. passed to the Charity. Furthermore, the late Mrs Hogg's property, Old Broad Oak, passed to the Charitable Trust by virtue of her Will dated 24th February 2017 and as per the Deed of Appointment dated 24th September 2021. The Trust is registered vthh the Charity Commiss￿1 uTrJer number 29W2. The power ¢1 appointing new or additional Trustees rested %wth the Settlor during his lifetime. On his death the power of appointment passed lo the current Trustees. The Charity is managed by the Trustees. vAlh daily administrali¢Jn l)eing dealt wth by the Aggnts, Messrs. Hoare Trustees. No fundraising activities are undertaken to SLPPOrt the work of the Charty. The Trusteès have very wide powers of investment. OBJECTIVES AND ACTIVITIES The Trustees are obliged lo hold the capital and income of the Charity lo apply all or part lo or for the benefrt of such charitable inslilulions, organisalions or purposes as they shall think fit. GRANT MAKING POLICY Donations are decided periodiealty and paid al the Trustees. discretion. Unsolieiled appeals are considered as well as causes which have been supported in the past. Onty successful applicants are notified of trie Trustees, decision. The Trust has a policy of not making donations lo individuals and the Trustees wrel that. in order lo keep adminislralive costs lo a minimum. they are unable to reply lo all unsuccessful applicants. Full details of grants made during the year are given In Note 8 in the finanaal statement5. A5 required by Charrties Act 2011 the Trustees have referred lo the Charity Commission's general guidance on wblic benefit when fom)ulating the grant making policy. ACHIEVEMENTS AND PERFORMANCE The activities of the Trust remain satisfactory. and the ct•jects of the Trust were achieved during the year. All the funds of the Trust are considered to form part of one Unrestricted Fund, which may be used in general furtherance of the Trust's objects. During the year, the Trustees awarded grants totalling £11,000 12023. £200,000) to registered charities. FINANCIAL REVIEW Total income during the year induded income ftom investments and bank interest totslling £59.91412023'. £78,680) and rental income of £11,374 12023.. £11.2501. Total expenditure, induding grants, amounted to £100,013 12023.. £449,887). The net income after investment gains amounted to £424,4￿l2023." net gain of £5,258,305). The value of the Inveslec portfdio (Yhe 37% fund") passing to the Charrty on Mrs Hogg's death was £2,962,816. The Trustees are satisfied wth the finarKial position of the Charity and that they have sufficient assets available lo fijlfil their obligations. Page 3

THE J G HOGG CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 TRUSTEES. REPORT RISK MANAGEMENT The Trustees have considered what risks the charity faces and believe these lo be fraud or poor investment perfomiance. Adequate systems are in place to mibgate fraud and investment perfomiance is regularly monitored. INVESTMEKf poucy AND PERFORMANCE The Trustees may use their absolute discrets'on to invest the funds of the Charity as they think fit. The investment strategy is overseen by the trustees and investment managers, whose performance is benchmarked against the large15 as per the Trust's Investment Policy Statement. The overall inveslmert strategy is to achieve long term capital growth in real term& Resgrrfes Pollcy According lo the Charity Commission's guidance upjate in their Statement of Recommended Practice.. Accryjnling and Reporting by Charicies. the Charity's expendaNe endowment is not considered part ol the Charity's free reserves. However, this endowment is a considerable sum and the caprtal can k used al the discretion of the Trustees to fund any deficit on expendrture. It is therefore the View of the Trustees Ihal the Charity does not need lo hold any additional money in reserve. Al balance sheet dale. the chanty's total funds amounted to £6,713,801 (2023.. £6,289,305) wth free reseNes a surplus of £54,44812023.' £nill. PLANS FOR FUTURE PERIODS The intention of the Trustees is lo continue with the present policy %Mth regard to investments and don8lh)ns. STATEMENT OF TRUSTEES, RESPONS81LITIES The Iruslees are responsible for preparing the Trustees, Report and the finanaal slalements in accordance wlh applicable law and United Kingdom Accounting Standards IUnile(l Kingdom Generally Accepted Aecounling Practice). The law appIl￿ble to charities in England & Wales requires the Iruslee$ lo prepare finanryal $l*emenls for each financial year which give a true and lair view ol the state of affairs of the chanty and of the incoming resources and ¥p￿iCatIon of resources of the charrty for that penod. In preparing these financial statements, the Iruslees are required lo.. select surtable accounting policies and then aP￿Y them consistenlty,. observe the melh¢Jds and prin￿pIeS in the Charities SORP.. make judgements and eslimales that are reasonable and prudent.. stale whether applicable accounting standards have been followeil. subject lo any material departures disclosed and explained in the financial slatements., prepare the financial statements ¢)n the going eoncem basis unless rt is inappropriate lo presume that the charity will continue in operation The trustees are responsible for keeping proper accoJntir¥J records that disdose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply wth the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets ofthe charity and hencefortaking reasonable step5 for the prevention and detection of fraud and other irregularities. Page 4

THE J G HOGG CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 TRUSTEES. REPORT APPOINTMENT OF INDEPENDENT AUDITOR For the year under review the charity exceeded the audit threshold and appointed Blue Spire ￿Mr(ed as auditor. Blue Spire Limrted have expressed their willingness lo remain as audrtors of the charity. Approved by the Iruslees and signed on their behaw. Truste Dale 0410212025 Date 0510212025 Page 5

THE J G HOGG CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 INDEPENDENT AUDrroR'S REPORT Independent Auditor's Report to the Trustees of The J G Hogg Charitable Trust Oplnlon We have audited the finanaal statements of The J G Hogg Charitable Trust (the 'charity'l for the year ended 5 April 2024 which comprise the Statement of Finanaal ActiVit￿s, the Balance Sheet, and notes lo the financial statements, including a summary of significant accounting p(Aicies. The finanual reporting framework that has been applied in their preparation is applicable law and United Kingdom AC￿ntIng Standards, induding Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and RepublK of I￿land (United Kingdom Generalty Accepted Accounting Practice). In our opinion the financial statements-. 9ive a true and fair view of the stsle ol the chanty's affw'rs as al 5 April 2024, and of ils incoming resources and application of resources. for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance wlh the requirement$ of the Charities Act 2011. Ba815 for oplnlon We conducted our audit in accordance wlh Inlernalional Standards on Audrting IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial slalemenls section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the UK. Including the FRC'S Elhieal Standard, and we have fulfilled our other ethical responsibilities in a￿T￿anCe wth these requirements. We believe that the audit evidence we have obtsined is $Lfficienl and appropriate to provide a basis our opinion. Conclu8lon8 rnlatlng to golng concern In auditing the financial slatemenls. we have conduded that the trustees. use ofthe 90ing concem basis of accounting in the preparation of the finanaal slalements is appropriate. Based on the work we have ￿orrned. we have ￿1 identified any material uncertainties relating lo events or conditions that. individually or cdleclively, may cast sKJnrficanl doubt ¢)n the charity's ability lo continue as a going concern for a period of al least twelve months fr¢Jn when the financial slalements are aulhorised for issue. Our responsibilities and the resF<Jnsit¥lrties of the trustees wth resped to g)ing coneem are described in the relevant sections of this report. Other Infomiatlon The trustees are responsible for the clher infonnation. The other infOrMat￿n comprises the information induded in the Iruslees, report, other than the finanaal statements and our audilorfs report Ihereon. Our opinion on the financial stslements does not cover the other Infomiation and, except to the extent othemse explicitly stsled in our rewrt, we do not express any fom of assvrance Conclusi￿ Ihereon. In connection wrth our audit of the finanaal statements, our reS[￿sI￿.1ty is to read Ihe other information and, in doing so, consider whether the other inf0mall￿ is materially inconsistent wlh the financial stslements or our knowledge obtained in the audr( or olherwse appears lo be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to detem)ine vthether there is a material misstatement in the financial statements or a material misstatement of the clher infomiation. If, based on the work we have performed, we conclude that there is a material mis5tatemenl of this other information. we are required to report that fact. We have nothing to retx)rt in this regard. Page 6

THE J G HOGG CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 INDEPENDENT AUDrroR'S REPORT Matters on which we are required to report by exception We have nothing to report in respect of the followng matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us lo report lo you if. in our cpinion.. the infomiation given in the financial statements is inconsistent in any material respect wf(h the trustees, report,. or sufficient accounting records have not been kept., or the financial slalemenls are not in agreement wth the acc¢xJnliThJ records,. ¢y we have not received all the information aThJ exF4anat1c￿S we require for our audr(. Responslbllb￿eS of trustees As explained more fully in the trustees, respongbilities statement, the trustees afe responsible for the preparation of financial slalements thich give a true and fair view. and for such inlemal control as the trustees determine is necessary lo enable the preparation of financial ststements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are reswnsiL4e for assessing the charity's ability lo continue as a going concern. disclosing, as applicable. matters rd*ed lo going concem and using the going Concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic 8kemalive bul to do so. Audltorfs responslbllltles for the audlt of the flnanclal statements We have been appointed as auditor under sedion 144 of t￿ Charities Ad 2011 and report in accordance with regulations made under sedion 154 of that Act. Our objectives are lo obtain reasonable assurance at￿ut vthether the financial slalements as a whole are free from material misslalement. whether due lo fraud or error. and to issue an audrtor's report that includes our winion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect a material misstatement vknen il exists. Misstatements Can arise from fraud or error and are considered malenal if, individually ￿ in the aggregate. they could reasonably be expected lo influence the economic decisions of users taken on th8 basis of these financial ststemenls. Irregularities, including fraud, are inStan￿S ol nonacompliance wlh laws and regulatKJns. We design procedures in line with our responsibilities, outlined above, to detect material mi5slatemenls in re5peel of irregularities, including fraud. The extent lo which our procedures are capable of deleeting irregularities, including fraud is detailed below. Based on our understanding of the Charity and the serAor. we identified the principal laws and regulations that directly affect the financial statements lo be the Charities Acl and Trustee Act. We assessed the extent of compliance with these laws and regulations as part of our pr¢Jcedures on the related finarrial statement rtems. In addition. the Charity is subjed lo other laws and regulations where the consequen￿$ of non<ompliance could have a material effect on amounts or disdosures in the financial statements, for instance through the imposition of fines or litigation. As an investment and settlor funded granlmaker there is a limilalion lo areas most likely lo have such an effect. Auditing standards Iimrt the required audit procedures lo identify r￿n-COMpliance with these laws and regulations lo enquiry of the Trustees and other management arKI inspection of regulatory and legal correspondence The procedures to detect irregularities are set oul below.. Reviewing financial statement disdosures and lesting to supportirtsJ documentalion to assess compliance wth applicable laws and regulations. Because of the inherent limitations of an audil, there is a risk Ihat we will not detecl all irregularities, induding those leading to a material misstatement in the finanaal statements or non-compliance wth regulation. This risk increases the more that compliance with a lawor regulation is removed from the events and transactions refiecled in the financial slalements, as we will be less likely lo become aware of instances of n¢)n-compliance. The risk Is also greater regarding irregularities occurring due to fraud rather than error. as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. Page 7

Geoffrey Frost Geoffrey Frost (Feb 5, 2025 18:13 GMT)

05/02/2025

THE J G HOGG CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 STATEMENT OF FINANCIAL ACTIVITIES 2024 Total Fund$ 2023 Total F¥nd$ Unrn8triciod Endowm•nt Fun Fund$ INCOME ANO ENDOVAIENTS FROM: Donations.. The Eslale ofThe Hon Mrs S E N Hcrfjg The J G Hogg Wll Twst Inve51menl inc4)me 2,860.000 3,355.399 89.Q30 71.2B8 71.288 Total 71.288 71.288 6,105.329 EXPENDITURE ON: C051 of generating funds Charitable 3cliwlies 36.930 17.354 36.930 63.083 51.216 398.671 45.729 Total 45.729 54.284 1Lh).013 449.887 Nei g8lnslllo58881 on Snwslments 453,221 453.221 1397.1371 N•t Incorr4•xp•Thdrtuv•l 25.559 398.937 424.496 5,258.305 Trnnl•rn b•twtr•h fvthd• 28.897 128.88D Not mov8m•nt In lundl 370.050 424.496 5,258.305 AECONCILIAnON OF FUNOS Totsi fvnd• brgught forw•rd 6.289.305 8,289.305 1,031.000 Tolal lund• I0￿•v￿ 6.fj59.355 6,713.801 0,289.3D5 None ofthe thArity'$ oth¢r a¢bv￿¢$W¢￿ Iwing the bo4 fi￿N(jaI yw. The charty has rn ￿CognISed pai￿ or hwes Olher than Iho8e dealtwith in tha *a￿meThI olfinan(4al acimties. Page 9

THE J G HOGG CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 BALANCE SHEET AS AT S APRIL 2024 2024 2023 FIXED ASSETS Investments 3.750.728 3.750.728 3,697.539 3.597.539 CURRENT ASSETS Inweslmenl property Debtors Cash at hand and in bank Totsl Gurrgnt •sut• 10 2.750.C(KI 39.605 J44.874 3.134.479 2.750.0 39,fj05 101,514 2.891,119 CURRENT LIABILITIES Creditors.. amounts falling dU?wI￿ cth year 12 171.4(13 159.353 Not cuff•nt•¥••tsllll•bllMlg¥1 2.963.073 2.731.76e Totsi ts•t• l•• cuvr•nt Illbllltl 6.713.801 6.329.305 Cr8dllors.' èmounls lalling due aft8r mN6 Ihan one y88r 13 140,0001 6.713.801 6.289,305 THE FUNDS OF THE CHARITY Cspilal (expendable end¢)wmenll Income Total ¢h•rlty fund• 8.659.355 6.289.305 16 6.713.801 6.289.305 Thtr noto1 ¢ri p89¢$ 131) 18 lomi p•rt •¢¢¢￿t These flnanaal Stslements We￿ awroved bytt board and 8igrd on Ihwbe Twsie& 0410212025 0510212025 Page 10

THE J G HOGG CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 ACCOUNTING POLICIES General information, Scope and bas￿ of the financial ststements The J G Hogg Charitsble Tru51 is a regislered unincorporaled ttority. e$lablthd under 8 I￿￿t deed. in Eryl8ThJ 8nd Wak$. The address of Ihe principal office Is gi¥en in the thanty Infotmation of ts5e finan(Jal Staterr￿ atMI the nature of the (arity's operaliDllS and principal 8¢bvibtS are detai￿d In the Iruste8s' rtrport. Th? charliy ¢onsiitthes a publSc b&nelft enlity as defi￿d by FRS 102. Th8 finno¥l st¥temeni8 have been prepared in accordanc& wlth Accounbng and Reporbng by Charityes.. Slatemenl ol Recommended Practi￿ applrabk lo charibes preparing ltreir accounls in accordance with Ihe Finanrial Reporting StaFKlaTd appthcabl2 in Ihe UK and Reput1￿ of Irdand i55ued in Odober 2019. ￿ Fnanaal Reporknng stsndard applicabk in the United KiNJdom and RepuNic ol IrdaTrJ IFRS 1021. th& ch8riis Aci 2011 and UK Genfrrally Acc&p18d Accounbro Practice. Thtr finan(xal 81aiemenis are prepared on 8 90in9 cL¥Ktrm basis uThler th& hrJioital ty)$t ty)n¥entrJn, m¢yJifd 10 indud& irtain itsm8 aifalr value. The financial slalements are pr8S8nled ￿ sterfirvj whith * the knction81 omrKy ofthe thanty and rouThJed lo the nearest £. The 51gnrficanl accounliw poliue5 apphed in the preparotson of fmnci81 st8tements gre set These policies have been tonsl&ienlly applied lo all ytsar& prÉséniÉd Un￿5$ &181￿. Fuhd Stvuetur• The Expendabk8 End￿Ment Fund r8k¥888nl8 1th088 a888ts wlwch 8re h8hJ for the lorwJ8r lem of the TnJst, ITh aco)rdanc• ￿th the lemi8 of iho Twsl De•d. InGorr• arising on tho Expendablo End￿rnent Fund can bo v5ed in tho UnroslnGted Funds. As an Expenuabk Endowmeni FUNJ can b& used In I￿￿8n¢& wilh Ihè Ot￿1$ 01lhè Trust, upital can akno be spent in certaln &r￿mStanC8S in fuifilmani of ihe Trust'8 objects. Any capft81 gaSn8 or108￿ ari￿￿j on the I￿S￿￿entS helj kn the EyTrJat49 EThJowmenl Fund fom part ofthal Fund. In¢orn• l income 18 recognlsed in Ihe si8￿ment ￿ Finandal (SOFA} when coThJilv)ni for retlpt h8ve bèen mei 8nd Ihere 1$ reasonable assurance of recelpi. Where a daim for repaymeN ol Incorf lax ha$ been or VAI t made, Such Income is grossed up for the t4x recoveraNe. The lollowirvJ arKounlirJ pc4cies are lo different ￿189(￿5 of IncoTh.' Don8tions r6CelW8ble Don81ions are recogni8ed in th& SOFA when conditKJns for ￿1p1 ha% been comd ￿th. Investment In￿me Interest receiva￿t on depowl 8Th1 secunbB5 IB a¢£ount•d rt 8CCJUO8. tknyend irKrrn rocknbl& on s•writ￿$ accounted lor when r¢teived by the invtr$imenl managér. Expondhurg Liabilllies dre recognised as resource5 expended 85 soon a¥ iherp Ls • Ivgal or constwcbve oblyalion commlttlng Ihe charbty lo the experbditure. AJI expenditu￿ is accounted for on an ac(yuats basis ar￿ has bèen dassffied under ladirvJs Ihai aggregate all costs related to the category. The followlw accwmirMJ WKi88 are 10th8 dfflerent cattyorns of8xp8ThJitlXe.' Costof Generaling Fund5 The costs of generalng funds 0￿81 of In%sknent marwement and certain ￿981 fees. Ch8rit8bJe ActivilOS Donations pay?￿e are recogni5ed ￿t￿n Ihey are 8ppyo￿ by Ihfr Iru51efrs 8rK1 ￿ reap￿ of the gr•nl has been Informed ollhe •mount lo be paKI. Govern8noe Costs Governanr% costs comprise all costs in¥oknng a¢xx)uniabilrty of the tharity tr)M￿lance wrfh regulation and good practi¢. These costs Indude costs reLgied to S￿l￿Ory audit fees logetr*rwrfh ￿pPort costs. Fixed Astsats Inve51menls are staled at markel Wdkne al the Balance SI￿e1 date. Tr SOFA Ihe rEt gains and 10sse5 on revaluabon and disposals Ihroughoulthe year. Reallsed And Unreallsed Galn5 And L05se5 I ggins and losses sre taken lo the SOFA 8$ they arise. Realised gal￿ losses on in%Estments are c¥If￿101eI 85 the difference between sa￿S prO￿edS and openiry matkel value {purtha5e date rf ￿ter). Unreali5ed gain5 and 1055es are ￿1rAlIated a5 the drfferen< between the market value ai y&arend and openiNJ mathet value lor p￿t￿88e ¢Jaie rflaterl. Page 11

THE J G HOGG CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 ACCOUNTING POLICIES Going ConGem The trustees ha¥e 8sse$5ed Whett￿r Ihe use of ￿ goiro conrwn bas￿ awrq)riale and h8¥e conshjered pos$ibk e¥en15 or conditions Ihal might ca51 significant doubt on the aknlty of the chatity to conbnue as a g(xrvJ con￿rn. The tTUStees have made this a5ses5ment fof a period of ai ￿a$1 one year trom the dai& of approval of the finantsal statements. After makiny eN4uir$ the tru$ie&s ha¥& concluded that there Is a reasonatde exped8b.on Ihol ￿e chanly has adequate ￿S0￿￿$ lo ¢onbnue in opeTalion81 existen￿ for the foresee8ble future. The chaity therefore (x)nbnues to adoptlhe g(MrvJ con(wn tba5LS In weparing rts finanual staleffienls. Flnanclal In8tvum•nts The charity has elected lo ap￿Y the pro￿51(￿)5 of Secbon 11 'BaS￿ Finanrjal Instruments. arml Sethon 12 '0ther Financial Instwments Issues. of FRS 102 10 èll of118 finèndal insiruments. Finantyal insthjments recoonised In the ch8rity'$ bal•nce shaei when chsrily becomes party lo the coniradual pro￿$10n5 of the ￿$trun￿nI. Finanaal assets and 1iabih.l￿s are offset, with the rtt amounts presented in Ihe financial stalemenls. when there Is a ￿9allY enfori%abk ngm to sel off ￿ rErognised amounts arKI there ￿ an intention lo setlle on a nei basis or 10 realSse the asset and liatslty simm8￿u$ty. th the oxc•plions of prepayrnen15 and defe￿ irKom• al othfjf dotylor a￿1 rxeilitor balanr•B are Co￿lder0d lo bo basiG finan￿al Instruments under FRS 102. S68 n￿eS 11. 12 8Th113 I￿th& d8bic¥and (xethlCnOS. CaBh And Ca•h Equlv•l¢nts Cash 8nd cash equivalents indude cash in haThJ. deposbts hthj al cal wdh banks. oVr short-lern 1k]￿J In¥e51nwnl8 With odglnal maludli88 of Ihree monWs or lfjs$. K•y E•tlrrb•t•• And Jydg•ffl•nt• In preparlw fin8ndal sla￿r￿dnls h Is lo make c6nain jwments. o81ma￿ asswnpl￿8 Ih•t Il amounts reco9nlsed In bho financlal 51alements. In Ihe vSew of the trustees In app￿.￿ Ihe 8ccfjuniin9 poli(7e$ adopted, no I￿Jgements were requlred thai have 8 Slgnmcani effeth on the amounts recognised In the finanoal slalements nor do any eslimales c4 aswmpbons mJ8 carry a Signth￿nI n5k ot malenal adju8lmenl in iho next finonriol year. Page 12

THE J G HOGG CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 NOTES TO THE FINANCIAL STATEMENTS 1. A88ats from tho Ostats ol Tho Hot) Mrs S E N Hogg 2024 Tolal Funds 2023 Totsl Funds Unrn51rf¢t•d En￿o￿Trt Fund¥ Fund¥ Unrn$trf¢tsd Fund¥ Endowwnt Fund¥ Valu& of Broad Oak due lo estate on future sal8 of Ohl Brood Oak Cash prèdica 2.750.OL)) 2.750.000 1100.flX)I 110D,0001 Legacy dL to a vtrttrrinary 10,0(K) 10.000 2.660.000 2.660,000 The late Mrs Hogg'$ propBrty, OW Broad Ook. p0$5ed lo IhB ChIr￿atrIP Tw51 by 4wtue of hor dad 24th February 2017 and J5 per the Deed of Appoin1m￿l dated 24th sep￿Mb￿ 2021. A lomial La￿ Registry Asseni 10 tha thafitsble Intslees was compkted on 22nd December 2023. Assent Is subject lo and tharged wrfh Ihe payment 01£1W.OfW) lo the exeurtors ol Mrs Hogg. From 16 J3nu3ry 2023 the propérty hat boen on rent. 2. A••ot• Irom Tho J G H•qq ￿11 Tru•t 2024 Tol•l Fund• 2023 Tot•1 Fund• Unrn•trfct•d End4)wrn•nt Fund• Fund• Funil• Fund• Market Value kwe$lments appropriated on 15 October 2021 8al8nce du8 lo the Char￿ab￿ Tn￿1 on 15 OGlober 2021 3.297.635 3.297.638 57.764 57.764 3.355,399 3.355,399 On her death. Mr5 Hoog'5 interest in Ihe Iru51. whth w¥$ 37.212% remaindw share of ihe Wll Trusl. p85sed lo tho Charfly valued at £2,￿2,818. From hèr dats oldeath. thè trustses ol the M busi hell Ihe Charitsble Ttust'$ shAre bAfé tsusi. On 15th Octob¥r 2021. the trustees of the Wll Tmsi exefcised Ih•r power0radvan￿meffl brryirvj Ihe ￿ Tru￿ to an end. 3. Inv•btrnènt InÉom• 2024 Total Funds 2023 Total Fund• unm1￿cl•d Endom•ht Fund• Unrntstrf¢tsd Endowm•ht Fund8 Fundb Inve51menl inwme Interest re￿Ned Rents receivabl 48.976 10.938 11,374 71.288 48.976 10.938 11.374 71.268 75.053 3.627 11.250 89.930 75.053 3.627 11,250 89,930 4. Ral8lng fvnd8- Inv88tm8nt man•gom•t)tfeo8 2024 Total Funds 2023 Totsl Funds Unrn¥trf¢t•d Endo￿￿1 Funth Funds Un￿l￿¢t•d End4)wnnt Funth Funth In¥eslmeni managemem f8eS 36.930 36 930 36.930 36.930 51.216 51 216 51.216 51.216 Page 13

THE J G HOGG CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 NOTES TO THE FINANCIAL STATEMENTS . Ch8rhablo a￿1v￿ 2024 Tolal Funds 2023 Totsl Funds Unrn51rf¢t•d En￿o￿Trt Fund¥ Fund¥ Unrn$trf¢tsd Fund¥ Endowwnt Fund¥ Grgnis Property expenditures Rental expenses 200.tt¥J 200,000 6.463 6.483 28.708 34.026 34.304 32,288 15.299 26.142 901 2.395 130 3.275 1.649 3.275 1.649 28,708 34,026 34.304 32,288 15.299 26.142 901 2,395 130 Property upkeep Staff Ground8lGèrden Costs relalin9 10 Sè Property developrnenl Car OU5e ckar8nce Plaquelchurch Insurance Govefnance cosis.. Audbloi's remuneraibn L8g81 fees Admin151r8tsve fees Ch8rty Flow fees Bank charges 4.718 4.718 5.436 5.436 2.276 2.278 5,4D) 19.371 3.900 4.278 3.475 6.000 362 396,671 19.371 4.278 3.475 452 45.729 452 63.063 362 224.478 17.3Y 174,193 . R￿al•d tranMctlon• and •mploym•nt coAts The charty has no employee5, 81 odminislr8bon bth"nB out by tho InJ5tt•¥. Until the tenanGy 8greerr*ni t4>m￿need at Olj Broad Oak. thwe svjnfftani r￿nity￿ o)sts relating to Ihe marfleiing 8nd ongoing upkeep of the property and grounds. The Irusi88s malniained and accouN of th888 costs. by the rental Income •nd funds from the Inveslmenl portfolio. The ba￿nce £39.605 12023 £39.6051 represents Ihe amwnl Is due from SoTah Jane Hould5WOrth as 5th April 2024. Other IhRn the fee$ noted above, nty r•mu￿r¥i1¢n was Pa￿ tty p•bJ 10 tyon beh•lf)lany tru$iee during the ye•r undor [¢￿eW or the comparaiNe year. 7. Aud6to¢8 romunof•iion 2024 Total Fund¥ 2023 Total Fund• ilnre¥lrf¢t•d Endo￿￿1 Funil¥ Fund• Un￿l￿¢￿d Endownwnt Fund• Fund• Audilo¢s remuneration - 8wJit 5,4 5.4(KJ 3.900 3.900 Page 14

THE J G HOGG CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 NOTES TO THE FINANCIAL STATEMENTS 8. Grants to InstStllllon8 grant aThJ Er*J￿n￿ & Waks un￿8 amots 2023 County Country A￿nGs￿ent ofcitizen orrAJmNnunty develLyffl8nl. Kent CDmmunity Foundati Lmllgslone Initiative Chaffla sth¢￿ (- Zambial Unlock 40.000 10.C(KI 60.000 1(X),000 10.( Altsan￿ment vfHnim81 wetsrn. Frèédom For Animals 60.000 60.000 dvancsmenl olheelth orthe sawng oflives. Mercy c￿pS re Alghan Ap￿81 40.000 40.000 AdvanGemenl ollho arts. Gujlurn. h•ntage or5Gf8nG• Goklsmllh Choral Union Ten¢y sth(Aa￿hiP 11.LX)O 200,000 9. In¥￿￿0n￿ 2024 2023 MarfEel v81ue broughl lO￿ard Cost ol inve8tmenis purth888d rJspo8als ai Pfoceeds Unreg11sedlrealised galnllb851 cffj kn¥e51m8nl8 Marf¢el value cathed foN48 3.597,539 4.136,098 14.436,1301 453,221 3.750,728 998,799 .057.320 13.061,4431 397,137 3.597,539 AisloncJlGost.' 2024 2023 H18t0￿c￿l c08188 81 S WI 2024 3.403.446 3.403.446 3.722,407 3.72?.407 An8lysis ofinvesimentho1thrt9 2024 2023 Equit￿$ Bonds Other5 Cash 2.616.558 580.249 528.921 25.OLk) 3.750,728 2.407.402 598,042 592,095 3.597.539 10. Inv•8tment pro￿lty Z024 2023 MadEei value brouyhtforward Revaluations Matkel value (xrried foward 2.750.ory) 2.750.000 2.750 0 2 750.000 Page 15

THE J G HOGG CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 NOTES TO THE FINANCIAL STATEMENTS 11. DobtOV8 2024 2023 Sarah Jane HauklsY40rth 39,605 39,605 39.605 39.605 12. Credltor8'. 8mount8 du• In h88 than om y•ar 2024 2023 Grant Invesimenl mana9emtrnt f8ÉS Adminisifèiive fees Audilo¢s fees Cttarily Flow fees Charge on Old Broad Oak due lo Ihe Hon ￿￿ S E N Hollg'5•State The esl•l• oflhe Hon Mrs s e N Hogg 40,0 8,221 2,200 9,3th) 1,500 100,OLX) 10.185 171,4C6 40.000 1.789 1.979 3.900 1.500 100,000 10.185 1 $9,353 1J. Cr•dltorn.' amounts du• In mov• th•n on• y￿r 2024 2023 Gr$n15 40.000 40,000 14. Ana￿kn of n•t aM•t• b•tw••n fund• 2024 Totsl FunJ• 2023 Total Fynd• Unrwtslclod Endowm•nt F¥nd• Invesimenis Cuffenl assets 3.750.728 3.027.033 1118.4061 3.750.728 3.134.479 1171.4C61 3.597.539 2.891.119 1159,3531 140,0001 6 289.305 107.448 153.C¥JOI NOn￿rrent Ilabilil*s 6.659.355 6.713,801 Page 16

THE J G HOGG CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 NOTES TO THE FINANCIAL STATEMENTS 18. Not movamètht In lut)ds Y•orothdod 6AV￿1 2024 Totsi Galn Ilossesl on investments Tolal lunds brought lorward Totsl kncornlng Tran$fer¥ Totsl funds carrlèd forward •xpendqd fund Endowmeni runds Unrestricted fu￿5 6.289.305 IY.2841 145.7291 11(KJ.0131 453.221 128.8871 28,887 6.859.355 54.446 6,713,801 71288 71.288 6.289.305 453.221 Yurendgd SA rf12023 Tol•l G•ln Tolal fun¢¥ Totsl brought kncrrfnlng lorwrd rt¥ourc•# •xp•nd•d Inv￿lM￿￿ Tr•n¥f•r• bo￿9•n fvhd Total frJnd¥ Garrtpd forward Endowmenl funds Unrestricted fund5 1.031.t 6.015.399 89.930 6.105,329 1225.4091 1224.478 1449.887) 1397.1371 1134,5461 134.548 6.289.305 1.031.OC 1397.1371 6.289,305 16. Flnahclll lthtrum•hts The carwng amounts oflhe Ch8rtty'8 ffin8ndal insinjwnts are as lolows.. 2024 Totsl Fun0• 2023 Total Fun41• Fin8nci818sseis Me86ured a1181r value through nel kncorfl(8xpenditurel.' Flxed 88sel Inveslments In¥eslmenl property 3.750,728 2.750.OCK) 6.500.728 3.597.539 2.750.000 6.347.539 The income. expense. nel cal￿ •nd rrfl k)580s &ttritAJt4)Ki to Charity's fin•nri•l m51rurr•nls ￿ 5umm•ds•d as folbws.. 2024 Totsl Fun 2023 Totsl Fufids Incom& andexpensg Flnan•o18ssets measured 81 tsir valw Ilwough nel th¢ry￿{eXpe￿d1￿JrP> Income from listed inveslments Income from inve51menl property Investment and otrr management fees 4B.976 11.374 136.9301 23.420 75.053 11.250 35.087 Nel gains 8ndlosses (including cbanoes In 18K ¥8luel Flnantyal assets measured ai fair value Ihrough ￿7 mcc4Wl8xpenditurel Unre8115edlrealised g81nsll105sesl on in%*strnents Gainslllossesl on in¥eslment propety 453,221 1397,1371 453,221 1397,1371 Fixed asset investments are hekl al lair value with valualh)n5 obIa￿d by refe￿nTr to market rm1￿ from ￿ appropnate stock exchange, bid and last traded Pri￿&where appts"rabl2. Page 1T

THE J G HOGG CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 NOTES TO THE FINANCIAL STATEMENTS 17. Comp8ratlv•s of 8t8t•mont of fln8n¢lal tKll¥lU 2023 Total Funds Unrestrf¢tsd Endo￿nI Funth Fund INCOME AMO ENDOV•WENTS FROM: Donations. The Eslale olThB Hon Mr5 S E N Hopg The J G Ho9g Wll TTUSI Invtrsiment intom 2.660.0(K) 3.355,399 2.680.000 3.355.398 89,930 89.930 Totsl 89.930 6.015,399 6.105.329 expENDITLIAE 014: Cost of gènerating fiJnd$ Chèr11ab￿ acti￿118$ 51.216 174.193 51.216 398,671 224.478 Total 224.476 225,409 449,887 Net g8ln5111058•sI on In￿SIM•￿ts 1397.1371 1397,1371 N•t Ineom•4•xp•tbdltllMI 1134.5481 5.392.853 5.258.305 TY•n•tsrn bots¥oan fvnds 15 134.546 1134.5481 N•t rnov•m•nt In fund• 8.2S8,305 5.258.305 RECONCILIAnON OF FUNDS Total lund• brought fornard 16 1.031.0 1.031.000 Totsi lund# tvrl•d lonvrd 16 6.289.305 6.289.305 Page 18

TJGHCT 05.04.24 - Final Accounts signed by trustees

Final Audit Report 2025-02-05 Created: 2025-02-05 By: Yogita Valji ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAAnmK8esSTjiuoxB8DcFJ8aInvXjJjDHxR

"TJGHCT 05.04.24 - Final Accounts signed by trustees" History

Document created by Yogita Valji ([e-mail])

2025-02-05 - 6:04:23 PM GMT

Document emailed to Geoffrey Frost ([e-mail]) for signature

2025-02-05 - 6:04:30 PM GMT

Email viewed by Geoffrey Frost ([e-mail])

2025-02-05 - 6:11:41 PM GMT

Document e-signed by Geoffrey Frost ([e-mail])

Signature Date: 2025-02-05 - 6:13:01 PM GMT - Time Source: server

Agreement completed.

2025-02-05 - 6:13:01 PM GMT