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REGISTERED COMPANY NUMBER: 03595029 (England and Wales)
REGISTERED CHARITY NUMBER: 1071731














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 July 2023

for

THE INGRAM HILL FOUNDATION

THE INGRAM HILL FOUNDATION






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Report of the Trustees 1

Statement of Financial Activities 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7

THE INGRAM HILL FOUNDATION (REGISTERED NUMBER: 03595029)

Report of the Trustees
for the year ended 31 July 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2023. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charitable activities in the year fulfil the public benefit requirement.

FINANCIAL REVIEW
Reserves policy
The trustees are satisfied with the financial result for the period.

These accounts comply with the current statutory requirements and the charity's governing documents. The charity's assets are adequate on a fund by fund basis.

Reserve funds are kept to cover expenses for 3-6 months and the remaining funds are kept for supporting Thinking Music and other charitable donations.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03595029 (England and Wales)

Registered Charity number
1071731

Registered office
Southcott House
Southcott
Pewsey
Wiltshire
SN9 5JF

Trustees
S P Ingram Hill - Company Secretary
T Ingram Hill - Company Director
D Ingram Hill - Commercial Pilot
W J Ingram Hill - Solicitor

Company Secretary
S P Ingram Hill

Approved by order of the board of trustees on 2 February 2024 and signed on its behalf by:





T Ingram Hill - Trustee

THE INGRAM HILL FOUNDATION

Statement of Financial Activities
for the year ended 31 July 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM

Investment income 2 17,307 21,222

EXPENDITURE ON
Raising funds 3 2,106 734

Charitable activities
Grants to Institutions 10,000 2,000
Charitable activities 28,273 21,140
Total 40,379 23,874

Net gains/(losses) on investments (31,147 ) (13,119 )

NET INCOME/(EXPENDITURE) (54,219 ) (15,771 )


RECONCILIATION OF FUNDS
Total funds brought forward 574,453 590,224

TOTAL FUNDS CARRIED FORWARD 520,234 574,453

THE INGRAM HILL FOUNDATION (REGISTERED NUMBER: 03595029)

Balance Sheet
31 July 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Investments 6 490,942 522,089

CURRENT ASSETS
Debtors 7 985 5,732
Cash at bank 29,357 48,313
30,342 54,045

CREDITORS
Amounts falling due within one year 8 (1,050 ) (1,681 )

NET CURRENT ASSETS 29,292 52,364

TOTAL ASSETS LESS CURRENT
LIABILITIES

520,234

574,453

NET ASSETS 520,234 574,453
FUNDS
Unrestricted funds 520,234 574,453
TOTAL FUNDS 520,234 574,453

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


THE INGRAM HILL FOUNDATION (REGISTERED NUMBER: 03595029)

Balance Sheet - continued
31 July 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 2 February 2024 and were signed on its behalf by:





T Ingram Hill - Trustee

THE INGRAM HILL FOUNDATION

Notes to the Financial Statements
for the year ended 31 July 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income
Income is recognised over the period to which it relates and when its receipt is probable.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Investments
Investments are valued at market value as at the year end date.

2. INVESTMENT INCOME
2023 2022
£    £   
Investment income 17,307 21,222


THE INGRAM HILL FOUNDATION

Notes to the Financial Statements - continued
for the year ended 31 July 2023

3. RAISING FUNDS

Raising donations and legacies
2023 2022
£    £   
Support costs 2,106 734

4. TRUSTEES' REMUNERATION AND BENEFITS

There was no trustees' remuneration or other benefits for the year ended 31 July 2023, nor for the year ended 31 July 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2023 nor for the year ended 31 July 2022.


5. EMPLOYEE COSTS

There were no employees for this year and previous year, other than the Directors.

6. FIXED ASSET INVESTMENTS
Managed
funds
£   
MARKET VALUE
At 1 August 2022 522,089
Revaluations (31,147 )
At 31 July 2023 490,942
NET BOOK VALUE
At 31 July 2023 490,942
At 31 July 2022 522,089

There were no investment assets outside the UK.

Cost or valuation at 31 July 2023 is represented by:

Managed
funds
£   
Valuation in 2023 490,942


THE INGRAM HILL FOUNDATION

Notes to the Financial Statements - continued
for the year ended 31 July 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 985 5,732

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 1,050 1,681

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2023.