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 Incorr*4•xp•Thdrtuv•l
25.559
398.937
424.496
5,258.305
Trnn*l•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 8igr*d 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 fin*no¥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& ch8rii*s 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)$t ty)n¥entrJn, m¢yJif*d 10 indud& i*rtain itsm8 aifalr
value. The financial slalements are pr8S8nled ￿ sterfirvj whith * the knction81 omrKy ofthe thanty and rouThJed lo the nearest £.
The 51gnrficanl accounliw poliue5 apphed in the preparotson of fmnci81 st8tements gre set These policies have been
tonsl&ienlly applied lo all ytsar& prÉséniÉd Un￿5$ &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 ret*lpt 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 arKounlir*J pc4cies are lo different ￿189(￿5 of IncoTh.'
Don8tions r6CelW8ble
Don81ions are recogni8ed in th& SOFA when conditKJns for ￿1p1 ha%* been com*d ￿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$imenl managér.
Expondhurg
Liabilllies dre recognised as resource5 expended 85 soon a¥ iherp Ls • Ivgal or constwcbve oblyalion commlttlng Ihe charbty lo the
experbditure. AJI expenditu￿ is accounted for on an ac(yuats basis ar￿ has bèen dassffied under l*adirvJs Ihai aggregate all costs related
to the category. The followlw accwmirMJ WKi88 are 10th8 dfflerent cattyorns of8xp8ThJitlXe.'
Costof Generaling Fund5
The costs of generalng funds 0￿*81 of In%*sknent marwement and certain ￿981 fees.
Ch8rit8bJe ActivilOS
Donations pay?￿e are recogni5ed ￿t￿n Ihey are 8ppyo￿ by Ihfr Iru51efrs 8rK1 ￿ reap￿ of the gr•nl has been Informed ollhe •mount lo
be paKI.
Govern8noe Costs
Governanr% costs comprise all costs in¥oknng a¢xx)uniabilrty of the tharity tr)M￿lance wrfh regulation and good practi¢*.
These costs Indude costs reLgied to S￿l￿Ory audit fees logetr*rwrfh ￿pPort costs.
Fixed Astsats
Inve51menls are staled at markel Wdkne al the Balance SI￿e1 date. Tr SOFA Ihe rEt gains and 10sse5 on revaluabon and
disposals Ihroughoulthe year.
Reallsed And Unreallsed Galn5 And L05se5
I ggins and losses sre taken lo the SOFA 8$ 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$ty.
th the oxc•plions of prepayrnen15 and defe￿ irKom• al othfjf dotylor a￿1 rxeilitor balanr•B are Co￿lder0d lo bo basiG finan￿al
Instruments under FRS 102. S68 n￿eS 11. 12 8Th113 I￿th& d8bic¥and (xethlC*nO*S.
CaBh And Ca•h Equlv•l¢nts
Cash 8nd cash equivalents indude cash in haThJ. deposbts hthj al cal wdh banks. oV*r short-lern 1k]￿J In¥e51nwnl8 With odglnal maludli88
of Ihree monWs or lfjs$.
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 m*J8 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$5ed lo IhB ChIr￿atrIP Tw51 by 4wtue of hor da*d 24th February 2017 and J5 per the
Deed of Appoin1m￿l dated 24th sep￿Mb￿ 2021. A lomial La￿ Registry Asseni 10 tha thafitsble Intslees was compkted on 22nd
December 2023. Assent Is subject lo and tharged wrfh Ihe payment 01£1W.OfW) lo the exeurtors ol Mrs Hogg. From 16 J3nu3ry 2023
the propérty hat boen on rent.
2. A••ot• Irom Tho J G H•qq ￿11 Tru•t
2024
Tol•l
Fund•
2023
Tot•1
Fund•
Unrn•trfct•d End4)wrn•nt
Fund•
Fund•
Funil•
Fund•
Market
Value
kwe$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 Endo*m•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)wn*nt
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
lorw*rd 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 lth*trum•hts
The carwng amounts oflhe Ch8rtty'8 ffin8ndal insinjwnts are as lolows..
2024
Totsl
Fun0•
2023
Total
Fun41•
Fin8nci818sseis
Me86ured a1181r value through nel kncorf*l(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 otr*r 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# t*vrl•d lonv*rd
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 (yogita.valji@ludlowtrust.com) Status: Signed Transaction ID: CBJCHBCAABAAnmK8esSTjiuoxB8DcFJ8aInvXjJjDHxR 

## "TJGHCT 05.04.24 - Final Accounts signed by trustees" History 

## Document created by Yogita Valji (yogita.valji@ludlowtrust.com) 

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

Document emailed to Geoffrey Frost (geoff@bluespire.co.uk) for signature 

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

## Email viewed by Geoffrey Frost (geoff@bluespire.co.uk) 

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

Document e-signed by Geoffrey Frost (geoff@bluespire.co.uk) 

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

Agreement completed. 

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