RED HILL CHARITABLE TRUST
REPORTS AND ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2025
Registered charity number: 307891
RED HILL CHARITABLE TRUST
Address: 3 Thurnham Oast, Aldington Lane Maidstone Kent ME14 3LL Trustees: R Law (Chairman) A Bunting R Barton (retired 16October 2024) M Startup K Moule A Adams P Jones OBE N Clark R Piggott S Prendergast E Leitch (appointed 16 October 2024) Associate trustees: N St. John Paul N Rees-Davies (appointed 19 March 2025) Treasurer: M Startup Independent examiner: B Cuddington FCA Ground Floor F2, East Court Enterprise Road Maidstone Kent ME15 6JF Bankers Barclays Bank Plc Maidstone - North Kent Group Leicester LE87 2BB Discretionary Fund Manager Rathbone Investment Management Limited 30 Gresham Street London EC2V 7QN Registered Charity No. 307891
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RED HILL CHARITABLE TRUST
REPORT OF THE TRUSTEES
For the year ended 31 August 2025
The trustees present their annual report and financial statements of the charity for the year ended 31 August 2025. The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities.
Structure, governance and management
Red Hill Charitable Trust is governed by the trust deed dated 9 September 1997 and is a registered charity (number 307891). The Trustees govern the charity.
Objectives and activities and public benefit
The objective of the Trust is the promotion of education including social and physical training of persons under the age of 25 who are resident in the area of benefit and who have emotional or behavioural difficulties and disorders.
The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Foundation’s aims and objectives and in planning future activities and setting the grant making policy.
Recruitment and appointment of trustees
The trustees who have served through the period are set out on page 1.
Trustees are chosen for their knowledge in education or for other specialist knowledge required to operate a successful charity.
Activities, performance and financial review
During the period under review 33 grants payments were made to the organisations set out on page 8 of the accounts. The grants were made in accordance with the charitable objectives and amounted to £110,000 for the year (2024 - £79,983).
The results for the year are set out in statement of financial activities on page 4. Unrestricted income when including total income applied to unrestricted funds was £115,000. Unrestricted expenditure was £114,367 and there was a surplus for the year of £633. Unrestricted funds carried forward amounted to £527.
The permanent endowment at 31 August 2025 is £2,955,000.
Investment policy
The permanent endowment is invested to produce the best return with an acceptable level of risk. The capital generates income which can be used in accordance with the charity’s objectives. The investment policy is set by the trustees who consider the income requirement, the risk profile and the investment managers view of the market prospects in the longer term.
The trustees meet the investment manager annually to review performance and to discuss investment policy.
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RED HILL CHARITABLE TRUST
REPORT OF THE TRUSTEES
For the year ended 31 August 2025 (continued)
Total return
The trustees have taken the decision to continue with making grants in excess of income as there is a large current need to support our beneficiaries. The markets improved during the year and there is an unapplied total return at 31 August 2025 of £295,559.
It was agreed by the trustees in consultation with the investment advisors that for the year ended 31 August 2025 £115,000 be applied to income from the total return.
The charity received advice from Rathbones on investment policy and total return investing.
Risk management
The trustees have examined the major risks to which the charity is exposed and systems have been established to mitigate these risks.
Approved by the trustees on 25 March 2026
..............................................
R LAW CHAIRMAN OF TRUSTEES
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RED HILL CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 August 2025
| Unrestricted Notes funds INCOME Investment income - Total income applied to unrestricted funds 115,000 _ Total income resources 115,000 _ EXPENDITURE Charitable activities Grants for charitable purposes 2 110,000 Investment management fees - Other charitable expenditure 3 4,027 Trustee expenses 3 340 _ Total resources expended 114,367 _ NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS AND LOSSES 633 GAINS ON INVESTMENTS - _ NET MOVEMENT IN FUNDS 633 TOTAL FUNDS BROUGHT FORWARD (106) _ TOTAL FUNDS CARRIED FORWARD £527 _ _ |
Permanent Total endowment funds 72,713 72,713 (115,000) - _ __ (42,287) 72,713 _ ___ - 110,000 22,389 22,389 - 4,027 - 340 _ __ 22,389 136,756 _ _ (64,676) (64,043) 135,945 135,945 _ __ 71,269 71,902 3,179,290 3,179,184 _ ______ £3,250,559 £3,251,086 _ __ __ ___ |
Total funds 31.08.2024 73,455 - _ 73,455 _ 79,983 21,667 4,099 78 _ 105,827 _ (32,372) 291,227 _ 258,855 2,920,329 _ 3,179,184 _ _ |
|---|---|---|
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RED HILL CHARITABLE TRUST
BALANCE SHEET
For the year ended 31 August 2025
| Notes FIXED ASSET INVESTMENTS 4 CURRENT ASSETS Debtors and prepayments 413 Bank and cash balances 23,115 _ 23,528 CREDITORS: Amounts falling due within one year - _ NET CURRENT ASSETS NET ASSETS TRUST FUNDS Permanent endowment 5 Unrestricted funds 5 |
3,227,558 4070 26,487 _ 26,894 - _ 23,528 _ £3,251,086 _ 3,250,559 527 _ £3,251,086 _ ____ |
31.08.2024 3,152,290 26,894 _ £3,179,184 _ 3,179,290 (106) _ £3,179,184 _ ____ |
|
|---|---|---|---|
The accounts set out on pages 6 to 11 were approved by the trustees on 25 March 2026 and signed on their behalf by:
……………………………………….
M STARTUP TREASURER
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RED HILL CHARITABLE TRUST
NOTES TO THE ACCOUNTS
31 AUGUST 2025
- ACCOUNTING POLICIES
General information and basis of preparation
The Red Hill Charitable Trust is a charity registered with the Charity Commission in the United Kingdom. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities are set out in the Report of the Trustees on page 2.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014, Charities SORP 2019 (FRS 102), FRS 102 section 1A and the Financial Reporting Standard applicable in the United Kingdom and the Charities Act 2011.
The charity has taken advantage of the exemption not to produce a cash flow statement under FRS 102 Section 1A and SORP 2019.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Fund accounting and structure
The funds held by the charity are divided between the permanent endowment (held in investments) and unrestricted funds which can be used in accordance with the charitable objectives at the discretion of the trustees.
Income recognition
Donations, legacies and other forms of voluntary income are recognised as income when receivable, except insofar as they are incapable of financial measurement.
Income from investments is recognised when receivable.
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RED HILL CHARITABLE TRUST NOTES TO THE ACCOUNTS
31 AUGUST 2025 (continued)
1. ACCOUNTING POLICIES (continued)
Expenditure recognition
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Grant expenditure is recognised when awarded to the recipient. (The expense is included on an accruals basis in the year in which a legal or constructive obligation to pay the grant arises).
Costs of raising funds are investment management fees which are charged against the permanent endowment as the cost of capital maintenance.
Charitable activities include expenditure associated with the making of grants and donations and include both the direct costs and indirect costs relating to these activities, on an accruals basis.
Irrecoverable VAT is charged against the category of resource expended for which it was incurred.
Investments
Investments are recognised at fair value which is normally the transaction price excluding transaction costs. Subsequently they are measured at fair value with changes recognised in 'net gains/losses on investments' in the Statement of Financial Activities if shares are publically traded or their fair value can otherwise be measured reliably. Fair value for the purpose of the accounts is based on a portfolio valuation dated 31 August 2025 prepared by the stockbrokers, Rathbones.
Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
Tax
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore meets the definition of a charitable company for UK corporation tax purposes.
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RED HILL CHARITABLE TRUST NOTES TO THE ACCOUNTS
31 AUGUST 2025 (continued)
2. GRANTS FOR CHARITABLE PURPOSES
| Royal Museums Greenwich Free to be Kids Churchill School Trail Blazers Education Cambridge Junction Littlegreens Academy Fishing for Schools Hunton CE School Youth and Families Matter Tall Ships Youth Trust Greatwood Charity Portal House School St. John's CE School The Malling School Rowhill School Challenger Troop The Music Well Children's House Montessori Bower Grove School Oasis Academy Skinner Street Flourish Mentors Bidborough Primary School Towers School & Sixth Form Centre Warren Mead School Cycle Community CIC The Arts Depot Trust Meopham Community Academy East Stour Primary School Roots 4 Learning Temple Grove Academy Kite College Leap Confronting Conflict Tenterden Junior School |
31.08.2025 1,500 3,000 3,000 3,216 3,356 3,500 4,060 4,560 5,630 1,000 2,000 5,000 1,752 2,440 5,000 3,600 2,100 3,800 4,160 4,320 6,960 2,500 3,850 995 1,200 2,000 2,376 3,775 4,650 3,600 5,000 2,500 3,600 110,000 |
|
|---|---|---|
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RED HILL CHARITABLE TRUST NOTES TO THE ACCOUNTS
31 AUGUST 2025 (continued)
3. OTHER CHARITABLE EXPENDITURE
| Unrestricted Funds Independent examination fee 360 Insurance 466 Administration costs 3,201 _ £4,027 _ __ |
Permanent endowment - - - _ £- _ _ |
31.08.2025 360 466 3,201 _ £4,027 _ __ |
31.08.2024 |
|---|---|---|---|
| 360 448 3,291 _ £4,099 _ __ |
No remuneration was paid to any Trustee, although travelling expenses of £340 were paid.
4. FIXED ASSETS INVESTMENTS
| Market value at 1 September 2024 Investments Acquisitions Disposals Revaluation to market value Market value at 31 August 2025 Cash |
31.08.2025 3,102,950 1,780,522 (1,828,546) 135,945 _ 3,190,871 36,687 _ £3,227,558 _ _ |
31.08.2024 2,827,217 1,684,504 (1,699,998) 291,227 _ 3,102,950 49,340 _ £3,152,290 _ _ |
|---|---|---|
Investments at market value comprised:
| Investments at market value comprised: | ||
|---|---|---|
| Equities Fixed interest securities Alternatives Cash |
31.08.2025 2,340,763 585,911 264,197 36,687 _ £3,227,558 _ ___ |
31.08.2024 |
| 2,166,087 789,558 147,305 49,340 _ £3,152,290 _ ___ |
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RED HILL CHARITABLE TRUST NOTES TO THE ACCOUNTS
31 AUGUST 2025 (continued)
4. FIXED ASSETS INVESTMENTS (CONTINUED)
Investments that accounted for more than 5% of the total were as follows:
| Findlay Park Funds ICAV American Inc Invest Fund Services Evenlode Income D Inc IShares Plc Core FTSE 100 Shares Income JP Morgan ETFS (IRE) US Research Enh Equity ESG Idx SPDR Series Trust S & P 500 ETF S & P US Div Aristocrats Treasury 3 ¼% Bond 31/01/2033 5. MOVEMENT IN FUNDS |
31.08.2025 192,226 174,619 169,824 308,472 338,969 - - |
31.08.2024 |
|---|---|---|
| - 182,359 236,502 - 169,819 166,690 219,796 |
| Balance 01.09.2024 Income Expenses Unrestricted fund (106) 115,000 (114,367) Permanent Endowment fund 3,179,290 72,713 (22,389) Applied to income - (115,000) - _____ £3,179,184 £72,713 £(136,756) _____ _________ Movement in funds for the year ended 31 August 2024 Balance 01.09.2023 Income Expenses Unrestricted fund 17,054 67,000 (84,160) Permanent Endowment fund 2,903,275 73,455 (21,667) Applied to income - (67,000) - _______ £2,960,329 £73,455 £(105,827) ______ |
Balance 01.09.2024 Income (106) 115,000 3,179,290 72,713 - (115,000) |
Expenses (114,367) (22,389) - |
Gains on investments - 135,945 - |
Balance 31.08.2025 527 3,250,559 - _ £3,251,086 _ _ Balance 31.08.2024 (106) 3,179,290 - _ £3,179,184 ____ |
|
|---|---|---|---|---|---|
| ___ £135,945 ____ _______ Gains on investments - 291,227 - |
|||||
| ______ £2,960,329 £73,455 £(105,827) _________ |
___ £291,227 ____ |
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RED HILL CHARITABLE TRUST NOTES TO THE ACCOUNTS
31 AUGUST 2025 (continued)
6. TOTAL RETURN
| Permanent endowment At 1 September 2024 Trust for investment 2,955,000 Unapplied total return - ____ Total 2,955,000 ___ Movements in reporting period Investment return: dividends and interest - Investment return: realised and unrealised gains and (losses) - Less: Investment management costs - __ Total - Unapplied total return allocated to permanent Endowment in the reporting period - Unapplied total return allocated to income in the reporting period - __ Net movement in the reporting period - __ At end of the reporting period Trust for investment 2,955,000 Unapplied total return - _____ At 31 August 2025 £2,955,000 |
Permanent endowment 2,955,000 - |
Unapplied total return - 224,290 |
Total endowment 2,955,000 224,290 _ 3,179,290 _ 72,713 135,945 (22,389) _ 186,269 - (115,000) _ 71,269 _ 2,955,000 295,559 _ £3,250,559 |
|
|---|---|---|---|---|
| _ |
______ 2,955,000 |
_____ 224,290 |
||
| ______ - - - |
_____ 72,713 135,945 (22,389) |
|||
| _____ 186,269 - (115,000) |
||||
| ________ - |
_____ 71,269 |
|||
| ________ 2,955,000 - |
_____ - 295,559 |
|||
| ________ £2,955,000 |
_____ £295,559 |
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RED HILL CHARITABLE TRUST
FOR THE YEAR ENDED 31 AUGUST 2025
REPORT OF THE INDEPENDENT EXAMINER
TO THE TRUSTEES OF RED HILL CHARITABLE TRUST
I report to the trustees on my examination of the financial statements of Red Hill Charitable Trust (the charity) for the year ended 31 August 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statements of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination; I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the appliable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Ground Floor F2, East Court Enterprise Road Maidstone Kent ME15 6JF
B CUDDINGTON FCA Chartered Accountant
Date: 25 March 2026
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