## 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
1
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.
2
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
3
## 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
__________
__________|
|---|---|---|
4
## 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
5
RED HILL CHARITABLE TRUST
NOTES TO THE ACCOUNTS
31 AUGUST 2025
1. 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.
6
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|
|---|---|---|
8
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
_________
_________|
9
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
___________________||
10
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||
________________________________________________
________________________________________________
11
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:
1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
2. the financial statements do not accord with those records; or
3. 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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