ReO8t6red number 02774232 Charlty number: 1017579 LONDON HISTORIC BUILDINGS TRUST LIMITED (A company Ilmlted by guarantee) UNAUDITED TRUSTEESI REPORT AND FINANCIALSTATEMENTS FOR THEYEAR ENDED 31 MARCH 2024 LONDON 11111111 HISTORIC BUILDINGS TRUST LONDON HISTORIC BUILDINGS TRUST LIMITED (A company limited by guarantee) CONTENTS Page Reference and admlnistrative details of the Company, its Trustees 8nd 8dv18er8 Tru8tees' report Statement of Tru8tee8' r88ponsibilitie8 10 Independent examlner's report 11 Statement of fln8nc18l actlvlti88 12 Balance sheet 13 Note8 to the flnanc18l 8tatement8 14-21 LONDON HISTORIC BUILDINGS TRUST LIMITED (A company limited by gu8r8ntee) REFERENCEANDADMINISTRATIVE DETAILS OFTHE COMPANY, ITSTRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Tru8tees Mr PAtkin80n Mr M Brooke (reslgned 22 February 2024) Ms S Buckingham Mr S Enthoven Mr A Forsh8W Mrs R Fraser Mr D Gib80n Mr P Jenkins {r88igned 3 May 2023) Ms V Llddell (appointed 25 May 2023) M8 L Long (reslgned 30 Aprll 2023) Ms G Nayl8r MBE Mr P Smith Mr H Swlndall Mr8 E Wedmore (appointed 26 May 2023) MSA Yate8 Company regl8tered number 02774232 Charlty r8g18tered number 1017579 Reglatered ottlce 3 Scout Lane, CIO Mlchael Brooke, London, SW4 OLA Company 88crotary Mr S Enthoven Chalr Ms G Nayler MBE Accountant8 Larking Gowen LLP, 1•1 Floor, Prospect House, Rouen Road. Norwlch, NR11 RE Banker8 Co-operative Bank Plc, 69 London Street, Norwich. Norfolk, NR2 1 HT Sollcltor8 Mitls & Reeve, 1 St James Court, Whltefriar8, Norwich, NR3 1RU LONDON HISTORIC BUILDINGSTRUSTLIMITED (A company Ilmlted byguarant88) TRUSTEES. REPORT FOR THEYEAR ENDED31 MARCH 2024 The Truste88 present thelr annual report together with the fln8ncl8l Statements of London Historlc Buildings Trust Ltd for the year 1 April 2023 to 31 March 2024. This annu8l report 18 both a Trustees, report and a Directors, report under company law. The Trustees conflrm that the annu8l report and financial statements of the charitable company comply with the current statutory requirements, the requirement8 of the charltable company's governlng document 8nd the provl8ions of the Statement of Recommended Pr8Ctice {SORP) appllcable to charltles prep8rlngtheir 8ccount8 in accord8nce with the Financial Reportlng Stand8rd appllcable In the UK and Republic of Ireland {FRS102). Slnce the comp8ny qu8llfles as small under 8ectlon 382 ofthe Comp8nle8 Act 2006, the strategic report requlred of medium and large companies under the Companles Act 2006 (Strateglc Report and Dlrector8' Report) Regulat5on8 2013 has been omltted. Our V181on: Tran8formlng Places for Local People Our vlslon18 to dellver high quality, 8U8t81nable herlt8ge-led regen8r8tSon projects. We wlll re-use historic buildings throughout Greater London to create innov8tive 80cial 80lutlon8 and cultural beneflt8. ObJectlve8 and actlvlt108 a. Pollcles and obJoctlva• As Set out In our Memorandum of A880cl8tlon, our primary oblect Is to preserve, on behalf of the people of Greater London, and of the natlon at large, bullding8 of particular b88uty or h18torlcal, architectur81, or constructional interest. We achleve our objects by working cl08elywith local 8Uthoriti88, H18toric Eng18nd, and community-led groups to 8cquire building8. either through the transfer of owner8hip, or a long lease. These buildings are usually con8idered to be'at ri8k' due to lack of use or malntenance and may be Included on Historic Engi8nd'8 Heritage at Risk Register or identified as a concern by 8 local authority. We organise and oversee the development of sympathetic re-use schemes; bringing together the partners and funding needed to en8ble the dellvery of a capltal project. On completion of the project the bulldings may be 80ld or let out, with sale receipts or loan8 financed by rental a88iStingthe charityto continue its work. LONDON HISTORIC BUILDINGSTRUSTLIMITED (A company Ilmited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 b. Maln actlvltlos undertaken to further the Company'8 purp0888 for the publlc beneflt Our mission Is to ensure that our project8 are informed, wherever posslble, by the needs of a Ioc8l community, and result in positive 8OCi8I change, sensitive regeneration. training. learning. volunteering 8nd employment opportunities. We will 8l80 SUPPOrt local communities in their aspirations to 88fegu8rd local buildings, offering professional guldance through training and consult8ncy services. The work of the Trust ha8 a po8ltive long-term effect on local communities, cre8ting better pl8ce8 for people to live. In this work the tru8tee8 take due account of the Charlty Commlsslon guidance 8nd requirement8. Achl6vement8 and p8rformanc8 a. Maln achlevement8 ofthe Company The major project during the year was the Development Phase of the project for the former Gir18' Charity School in Edmonton, generously funded bythe N8tional Lottery Herltage Fund (£289,838) and the Architectural Heritage Fund (£33,650). LHBT 18 worklng In partnership with 8 local charlty to regenerate the hlstorlc school and create 8 new café and community 8P8ce. It will provide training and work experlence to young people wlth special educational needs or who 8re d188dv8ntaged, enabllngthem to transltlon into long-term employment and bultd connections Within thelr local communlty. Project and Management Boards and 8 Youth Stearlng Group have met regularly durlng the year to gulde the project. We h8ve continued to work tOW8rd8 8 Solution for the Tin Tabernacle In Kllburn, resolvlng Some of the complex ch8llenge8 that thls unusual building has presented. Two new Optlon8 Appralsal project8 have commenced to identlfy routes for the re-use of currently empty cemetery chapels at Lavender Hlll, Enfield 8nd P8ddington Old Cemetery, Brent, both on the Heritage at Rl8k Register. LHBT worked wlth the local authoritles to develop propo88l8 and secure grant fundingfor them totaling£78.045, with Project Managers now leading on project delivery. This builds on the work we delivered at South Ealing Cemetery Chapels, for which Project Managers are contlnulng to work wlth the Ioc81 authority to deliver a programme of urgent works and meanwhile use. LONDON HISTORIC BUILDINGSTRUST LIMITED (A Company Ilmlted by guarantee) TRUSTEES, REPORT(CONTINUED) FOR THE YEARENDED 31 MARCH 2024 LHBT contlnues to work closely with Historic Engi8nd to identify the Herltage at Rlsk (HAR) Sites that can benefit from our Input and guidance, with an ambition to secure thelr removal from the HAR register. We also support other communltygroups acr088 London who are seekingto dellver heritage project8 through specialist training programm88, which have been very well received. Our elght 8hort, online'How To. 8essions were attended by 145 people over the ye8r and our more In-depth, In-person tralnlng progr8mme'Bulldin8 Futures.. whlch ha8 been t8rgeted at and delivered in three Ioc8l areas, was attended by 45 people. Through these programm88 we alm to 8h8re our knowledge and to build cap8city wlthln groups across London. The courses al80 provide an opportunityfor local group8 to connect and Share learning. The Tru8t has been concludlng Its works to support High Street Heritage Actions Zones {HSHAZ's) In London, delivering bespoke maintenance tralning programmes for Croydon 8t South Norwood 8nd for Tower Hamlet8 at Petticoat L8ne (Wentworth Street). To dellver this training we have been worklng with the Soclety for the Protection of Anclent Buildings and have 8180 been exploring more dynamlc approache8 to engage local people wlth buildlng maintenance. This has included the rewarding project to cre8t8 shortvldeos, worklngwlth Ioc81 charity Streets for Growth. Thls provlded tr8inlng in videography for fouryoung people from Tower Hamlet8. Over the cour8e ofthe programmes nearly 100 people were directly engaged, with legacy re80urces that h8ve been distrlbuted by the local 8Uthorities re8ching many more. We also (Jelivered the first phase of a heritage trall a8 part of the Petticoat Lane HSHAZ. The content of the trail was generated by a group of community re88archers who were provlded with trainlng 8nd mentoring and wa8 co-de8lgnod with local p80ple. Buildlng on thls. we have secured a total of £57,928 funding from the National Lottery Herit8ge Fund and Tower Hamlets Councll for delivery of a permanent trail, creating a range of training and eng8gement opportunities for local people to uncover, share and celebrate theii local heiitage. All LHBT operation8 have been supported by the ongolng development of partnershlps with other heritage and community organisations and local authorities. both locally and nationally. The Trust ha8 continued with its volunteer programme, which provide8 opportunities to people wishingto develop their professional skills. We are extremely grateful to all ourvolunteers for supporting our staff and trustees. We are particularly Indebted to the volunteer8 who support us on social media, historical research and the production of our Newsletter. LONDON HISTORIC BUILDINGSTRUST LIMITED (A company Ilmlted by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEARENDED 31 MARCH 2024 b. Development8 In the Trust durlng 2023124 The Trust carrled out a governance revlew, with a partlcul8r focus on trustee terms and 8uccession planning. Duringthe year Victoria Liddell and Elizabeth Wedmore began thelr first term8 88 tru8tee8. Mlchael Brooke retired as a trustee in February after many years of servlce; the Trust18 deeply grateful for his expertlse and encouragement. We recrulted an addltlonal part tlme Project Manager, Lisa Rigg, to work along8lde our exlstlng Pro}ect Manager, Hann8h Southgate and, following the departure of the prevlou8 Director in the earlier p8rt of the year, cre8t8d a Project Director role, promoting Rosle Shaw to take on Dlrector dutie8 alongslde strategic oversight of our project8. Our project team 18 SUPPOrted by our Finance Manager, Barb8ra Joth8m, who W88 appolnted In summer 2023 8nd bring8 8ub8tantial senior level financi8l experlence. c. Plan8 for Future Perlod8 AS part of our work on governance successlon plannlng, over 2024 we will undertake 8 trustee 8kllls 8udit. We antlcipate that durlng the comlngyear we wlll bulld on the development work on the Charlty School at Edmonton and move towards the capital phase of the project. Truste8s and staff contlnue to Identify projects that would benefit from an intervention by the Tru8t. This fnay be through the delivery of Trust projects, or by offering guldance and help to owners of heritage. local authorities or local communities. We are currently progressing discusslons about 8 number of potenti81 new prohects, with 8 view to commence an additional one or two studies in the next year. We are also actlvely monltoring changes to government pollcy and gr8nt funder priorities through our Project Plan to align our project 8Ctivitles wlth broader national 8nd local ambitlons gnd funding opportunitl88. This continues to be in Iln8 wlth our organlsation vision 8nd focus on local communities and soclal Impact. Partnership building and collaborative working remain key to broadening our reach and imp8Ct and ensurlng that our approach remains relevant and col18bor8tive. LONDON HISTORIC BUILDINGSTRUST LIMITED (A company Ilmlted by guarantee) TRUSTEES, REPORT(CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal revlew a. Overvlow The Board recelves a fln8nclal report from the F5nance and Rlsk Committee at each qU8rterly meetlng, which shows income, expenditure, current re80urc88 8nd commitment8. b. R88erve8 pollcy At 31st March 2024 the Ch8rlty had unrestricted fund8 of £278,208, includlng £40,000 remainlng of £60,000 commltted by the trustees In 202212023 over three year8 88 matched fundlng, £150,000 deslgnated by truste88 as required to support the working capltal needs of Its projects, based on the cashflow forecasts for the next 2 year8, 8nd £30,001 relating to investment property. Tru8te88 con8iderth8t th6 b818nce of £58,207 Yepre8ent8 free re88rve8 and provides appropriate cover for budgeted expendlture not externally funded. Trustees regard appropriate cover as beingequivalent to three to slx months of unrestricted operating expendlture. A8 at 31 March 2024 the Charlty h8d re8trlcted funds of £159,369, Includlng £127,871 unspent funds relatlng to the development cost8 of the Charity School at Edmonton {2023: £287,899). The fund represent8 the development 8tage grants as outllned in the maln achievements of the company 8ectlon of thls report. c. Materlal Inve8tment8 pollcy The Charity c8n inve8t money not requlred for its immediate purposes in investments, securlties or property, subject to condition8 or consent8 as rn8y b8 required by law. At 318t March 2024, £237,894 w88 held in Interest earnlng b8nk depo8it accounts, followinga review in the current yearto ensure that the best return Is achieved. d. Prlnclpalfundlng Generally, project cost8 are covered by grants from sources such as Historic England; the National Lottery Herit8g8 Fund: the Architectufal Heritage Fund, grant-makingTrust8 and Foundations and livery companies. On occasion, local authorities may contribute to project costs. LHBT Project M8nagement 8taff tim8 is incorporated within these project costs. Proceeds of sales, commercial loans secured on property and an annual LONDON HISTORIC BUILDINGSTRUST LIMITED IA company Ilmlted byguarantee) TRUSTEES. REPORT{CONTINUED) FOR THE YEARENDED 31 MARCH 2024 rental from Thorpe Coombe House have hlstorically complemented these sourc88 of funds. In 2023 the charity was successful in Its bld to Hi8torlc England for core fundingtot8lling £118,380 as part of the National Capacity Building programme for a further two year8 from September 2023 to September 2026. This provlde8 fundingfor our Project Manager roles and a suite of 8Ctivitle8, Includingtr8lnlng. th8t support people and communitles in London. The Trust was awarded 8 grant of £30,000 from the Pllgrim Tru8t (£10,000 over three ye8r8 8tarting in 2022-23) to 8UPPOrt senlor staff costs. The Tru8t 8l80 rece5ved a grant of £15,000 {split over 3 years from 2022-3) tOW8rd8 core costs from the 291b May 1961 Trust. The Natlonal Lottery Heritage Fund gave 8 grant 01 £31,498 to fund work on the Pettlcoat Lane Heritage Trall, wlth a further contribution of £26,430 Secured for this project from Tower Hamlets Councll in 2024-25. The School for Social Entrepreneurs contributed a match-tr8dlng grant of £4,000 to support development of our consultancy. Truste88 8re immensely gr8teful for all these donatlons. In line wlth our Buslness Plan. we continue to incre888 our Income through profe8slon81 con8ult8ncy services through project 8Ctivitie8, over 2023-24 thls generated 8 tot8l of £6,642 wlth income Secured to date for 2024-25 at £21,970. Structure, governance and management . Qovernlng Document and Members, Llablllty The Tru8t18 8 charltable company limlted by guarantee, Incorporated on 16 December 1992 and registered 85 8 charity on 23 February 1993. The company w8s established under 8 Memorandum of Association which defined the objects and powers of the charitabl8 company and is governed under its Articles of Association. The form of the Memorandum and the Articles of Association is similar to the standard form recommended by the Architectural Herit8ge Fund. In the event of the charity being wound up members are required to contribute an amount not exceeding £5.00 (five pound8). LONDON HISTORIC BUILDINGSTRUST LIMITED (A company Ilmlted byguarantee) TRUSTEES. REPORT(CONTINUED) FOR THE YEARENDED 31 MARCH 2024 b. Recrultment and Appolntment of the Board The dlrectors of the charity are al80 charlty trustees forthe purposes of charity law and under the company's Articles are known as members of the Council of Management. The original number of member8 was two, but the Councll of Management can approve increases In thls number and following the governance revlew th58 w88 amended to not le88 than four nor more than fifteen. Currently there are thlrteen. Under the requlrements of the Memorandum and Artlcles the members of the Councll of Management serve an initlal term of three year8, renewable twlce. Appointment8 are made on the recommendation of the Council of Man8gement. The board Identifles where there are gaps In knowledge and skill8 and new Trustees are recrulted to fill these gaps. c. Trustee Inductlon and Tralnlng Those tru8t8e8 8ppolnted are normally alre8dy experlenced wlth the work of ch8rities and In addition bring an 8ppropr18t8 interest 8nd skill to th8 B08rd. The Memorandum and Articles of Associ8tion are m8de 8vall8ble together with advlce on the dual role of member and trustee. The nature of the charlty as a bulldlng preservatlon trust and it8 oper8tion 88 a revolvlng fund trust18 explalned together with a current report on project8 in h8nd and planned with 8 fln8ncl8l summary and an outllne of sources of funding. Relevant Papers and mlnute8 of meetlngs are made available and the Chair meetswlth the new trustee upon appolntment. Trustee8 are 8l80 provided wlth the Strateglc and Buslness Plans. New trustees are dlrected to the online Charity Commisgion bookletg CC3 and CC38. A tnJ8tee code of conduct W88 approved during the year. d. Related party relatlonshlps In the event that any of the Trustees has any connection whatsoeverwith an indivldual or organisation from which the Trust is purchasing supplies orservices or to whlch the Trust is making an application for funding. it is the Trustee8' policy that a declaration of the connection or relationshlp is m8de and, if the connection is considered to create potential confllct of interest, the conflicted Trustee takes no further part In discussions or declsions in relation to the relevant financi81 transactions. LONDON HISTORIC BUILDINGSTRUSTLIMITED (A company Ilmlted by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THEYEARENDED 31 MARCH 2024 e. Flnanclal r18k management The Trustees have 8ssessed the major rlsks to which the Company is exposed, in P8rt1cular those related to the operations and finances of the Company, and are satl8fied that systems and procedures are In place to mltig8te exposure to the m8jor rl8k8. l. R18k Management The Finance and Rlsk Committee over8ee8 financlal controls and updating the Charlty'8 risk regi8ter. The Fln8nce and Risk Committee works wlth the Project8 Commlttee whlch over8ee8 the m8n8g8ment ofthe Trust's projects and revlews all proposed project8 before they are authori8ed by the full b08rd. Both groups report quarterlyto the Board. Ri8k In undertaking project8 is managed In the careful selectlon of professional team8 experlenced In historic bullding conservatlon. The flsk reglster 18 reviewed at each meetlng of the Fln8nce and Rlsk Committee, 8nd annually by the full board. g. Golng Concern After making 8pproptl8te enquirle8, the trustees have a re880n8ble expectation that the charlty h88 8dequate resources to continu8 in oper8tion81 existence forthe foreseeable future. Forthl8 reason they continue to adopt the golng concern b8sis In preparlng the flnanclal 8t8tement8. h. M8mber8' Ilablllty The Memb8r8 of the Company guarantee to contrlbute an amount not exceeding £5 to the a88ets of the Company in the event of winding up. l. Engagement wlth employees The Trust is an equal opportunlty employer and currently all employees are home b88ed wlth staff meeting each other and the Chalr regularly on vldeo conferenclng for monthly 8t8ff meetings. The Trust ha8 appointed an HR advi80r to support it 8nd thi8 ha8 resulted In rev18ion8 of its pollcies, including a Tru8tees' Cod8 of Conduct. The Trustee8' meetings are once again taking place in person with the abilityto join virtually if required. LONDON HISTORIC BUILDINGSTRUSTLIMITED (A company Ilmlted by guarantee) STATEMENTOFTRUSTEES'RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Tru8tee8 (who are also the directors of the Company for the purpo888 of company law) are responslble for preparing the Truste88' report and the flnanclal statements in accordance with 8ppllcable law and United Klngdom Accounting Stand8rds (United Kingdom Generally Accepted Accounting Practice). Company law requir88 the Tru8tees to prepare fln8nclal statements for each flnanclal year. Under company law. theTrustees must not approve the financi8l statement8 unle88 they are 8at18fled that they give a tru6 and fair vlew of the state of 8ffair8 of the Comp8ny and of It8 Incomlng resources and appllcation of re8ource8, Including Its income and expendlture, for that period. In preparlng these flnancl818tatement8, the Trustees are required to: Select suitable accountlng policles and then 8pplythem consistently; • ob88rv8 th8 method8 and principl88 of the Ch8ritle8 SORP {FRS 102); make judgements and accounting estimate8 that are r8880nable and prudent; 8t8te whetherappllc8ble UKAccounting Standard3 (FRS 102) have been followed. subject to any material departures disclosed and explained In the financial 8t8tement8; prepare the flnanc18l statements on the going concern b8818 unte88 It 18 inapproprlate to presume that the Company will contlnue in bu8ines8. The Trustees are re8pon8lble for keeplng adequate accountlng record8 that are suff Iclent to Show and explain the Company's transactlons and di8close with re8son8ble accuracy at any tlme the flnancial position of the Comp8ny and enable them to en8ure that the flnancial Statements complywith the Companies Act 2006. They are al80 responslble for 88feguardlng the assets of the Company and hence for taklng reasonable Step8 for the prevention and detection of fraud and other irregularities. In preparlng thls report, the Trustees have taken advantage of the small comp8nie8 exemption8 provlded by section 415A of the comp.anies Act 2006. Approved by order of the Member8 of the boafd of Trustee8 and slgned on Its behalf by: Ms G Nayler Enthoven 10 LONDON HISTORIC BUILDINGSTRUST LIMITED (A company Ilmlted by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent examlner'8 l*POrt to Ihe Trniteej of ￿ndon Hlitorle Bulldln88 Trust Llmlted ('¢he comp4ny') I report to the charity Thistee8 on my examinatlon of the accounts of the Comp8ny for the year ended 31 Ma￿h 2024. Respon$lbllltle$ and b*•l$ of report AS the Trustees of the Company (and its directors for th¢ purposes of LX)mpany law) you are responsible for th¢ preparation of the accounts in aC￿rdance with th¢ r¢quir¢ments of the Companies A¢t 2006 ('the 2006 Aot,). Having satisfied myself Ihht the aecounts of the Company are not required to be audiied under Part16 of the 2006 Act and are eligible for independent examination, I rcport in r¢spect of my examinalion of ihe Company's accounts carri¢d out under section 145 of the Chhrities Act 2011 ('Ihe 2011 A¢l'}. In carryin8 out my examinalion I have followed the Directions given by lh¢ Charlty Commission under section 145(5Xb) of th¢ 2011 Act. Independ¢nt ¢xAmln¢r'i itAl¢ment Sinc¢ the Company's 8ross inwm¢ exceeded £250,000 your examiner must be o member of a body Ilsted in secllon 145 of ih¢ 2011 A¢1. I confim) that l am qualified io undertake the examination because l am a m¢mb¢r of JCAEW, which is one of th¢ listed bodies. have complel¢d my ¢xaminalion. I confirni that no mAtters have come lo my attention in connection with th¢ examination 8ivin8 me ¢au$¢ ￿ believe: accounting re￿rdS were not kept in respect of the Company as required by section 386 of the 2006 Act; or the ac¢ounls do not accord wilh those records: or the accounts do not comply with ihe &ccounling requirements of se¢tion 396 of ihe 2006 A¢1 other ihan Any requiremenl thftl the accounts give a'true and f&ir' view wliich is not a matter ¢onsld¢red as part of an independent examination. or the a¢eounts have not been prepared in accordance with the methods And principl¢$ of th¢ Sltttement of Recommended Pra¢tirx for ￿￿OuntIn8 and reportin8 by charities applicable to charities preparin8 their acwunts in accordanc¢ with th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no conccrns and have corn¢ 8¢ross no other mattcrs in Connection with the cxamination to whl¢h att¢ntion should b¢ drawn in ihis report in order to ¢nable a proper understandin8 of the aC￿unIS to be reach¢d. This ￿port is made solely to the Company's Trnstees. as a body, in aceordance with Part 4 of the Charilies (Accounts and R¢ports) Regulotions 2008. My work has been undertaken so that J might state to th¢ Company's TTUStees those matter8 1 am required lo state to them in an Independent examinees report and for no other purpose. To the fullest extent pem)itted by law, I do not accepi or assume responsibility io anyone other than the Company and the Company's Trustees 85 8 body, for my work or for this report. Sign¢d: Dated: 11 Zo"a Name: Giles Kerkham FCA DChA Larking Gowen LLP Chartered Accountants Nonvich LONDON HISTOAIC blllLOINGSTRVST UMITEO IA comp•ny Ilmltod byyTr•r•nle•l f•rth•Y•arEmi¢dSlsiMw5 267h37 321571 79A22 77.145 156.567 Totsl K•w￿r¢•$EXp*nd•d 267 79,422 77,145 156,567 Nrtlnc•m•l•xp•ndllyM l•rih• Tr•nsfers between fund5 IA9,3JO) 1147,MOI 287*9 287 R•tMtHknllon olfvndi." Totsl lunos brou8ht for*ard N•1 movement sn funds 297.5 li•,$Jo) 51SA37 1147.W 299,879 12.3411 2W.879 285550 iu¢sJoi 287,899 Toulfundi urrl•dfonv•rd 437 577 297 Th• st•t¢m•ntolftnancl•l •rtlvlll•s I￿j￿>￿Il81lnsl￿1lo11e1 fecoyls•d In theyear. Th•not•son p•w 14 to 21 forni p•rt of tlwse lirwncl•l st•t•ments, 12 LONDON HISTORIC BUILDifiGSTRUST LIMITED IA company Ilmlted by guaranlee) REGISTERED NUMBER: 02774232 8•lince Sheet at 31 Mirch 2024 2024 2023 Notes FIMed Assets Investment property Jomi 30,(KII Currort Ass¢ts Debtors •nd Prepayments Cash 8t bank and In hand io 185,295 243,898 301,085 278,757 429,193 579,842 Credltors: amounts falllrtg due wlthln one year li (21,617) 124.4061 Net Curr•nt Ass•ts 407,576 555,436 Tol•l •ss•ts l•ss curf•nt Il•bllhl 407,S76 555,436 Not Ass•ti 437,577 $85.437 Charlty funds Unfestflcted funds Desl8nated fund$ General funds 12 220,001 58,207 224,000 73,538 278,208 297,538 Restrlcted Funds 159,369 287,899 437,577 585.437 The Company was entltled to exemptlon from audlt under sectlon 477 of the Companles Act 2(>J6. The Members have not requlred the company to obtsln •n audlt for the year In questlon In accordance wlth sectlon 476 of Compnl•s Act 2(M)6. The TTU5tees acknowledKe thelr re5ponslbllltles for complylng wlth the requlrements of theArt wlth respect to 4ccountln8 ¢ecords •nd Pfeparatton of flnanclal statements. The flnanclal statements have been prepared In accordance wbth the provlslons appllcable to entltles subject to the sm•ll companles re8lme. The Ilnanclal statements were approved by the trustees and s18ned on thelr behalf by,, Nayler MBE MrSEn Date: The r¥)tes on pages 14 to 21 form part of these flnancljl statements. 13 LONDON HISTORIC BUILDINGSTRUSTLIMITED (A company Ilmlted by guarantee) Not88 to the Flnanclal Statement8 For the Year ended 31•1 March 2024 Accounting policles 1.1 B8813 of prep8r8tlon of financlal 8tatement8 The flnanclal 8tatement8 have been prepared In 8ccord8nce wlth the Ch8ritle8 SORP (FRS 102) - Accounting and Reportlng ty Charltie8: Statement of Recommended Practlce applicable to charltles preparing thelr accounts In accordance with the Financi8l Reportlng Standard 8ppIic8ble In the UK and Republlc of Ireland (FRS 102) (effective 1 January 2019), the Fin8ncial Reportlng Standard 8ppIic8ble in the UK and Republic of Ireland (FRS 102) and the Companie8 Act 2006. London Historlc Bulldlngs Trust Llmlted meet8 the definitlon of a public beneflt entity under FRS 102. Assets and liabilitie8 are initlally recognised at historical cost or transaction value unle88 otherwise 8tated in the relevant accounting pollcy, The flnanclal statement8 are presented In Sterllng, which18 the functional currency of the Company, and rounded to the nearest £. 1.2 Company status The Comp8ny18 8 company Ilmlted by gu8r8ntee. The member8 olthe Company are the Trustees named on page 1. In the event of the Company beingwound up, th8118bility In respect of the gu8r8ntee is Ilmlted to £5 per member of the Company. The reg18tered offlce of 3 Scout Lane, CIO Mlchael Brooke. London, SW4 OLA. 1.3 Income All income is recognised once the Company has entitlement to the Incom8, It18 probable that the income will be received and the amount of Income receivable can be measured reliably. Grant8 are included in the Statement of financ1818ctivitie8 on a receivable ba818. The balance of income received for speclflc purposes but not expended duringthe period is shown in the relevant funds on the B818nce sheet. Where Income Is received in advance of entitlement of receipt. its recognition Is deferred and included In creditors as deferred incom8. Where entltlement occurs before Income is received, the income Is accrued. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 14 LONDON HISTORIC BUILDINGSTRUSTLIMITED (A company Ilmlted by guarantee) Notes to the Flnanclal Statements Forthe Year ended 31•t March 2024 Income tax recoverable In relation to inv88tment income Is recogni88d at the tlme the investment income Is receivable. Income from don8tlons is recognlsed in the period In which the charlty 18 entitled to recelpt, It Is probable that the Income wlll be received, and the amount ofthe Income receiv8ble can be measured rel18bly. Other Income18 recognlsed In the perlod In whlch It18 receivable 8nd to the extent the good8 have been provided or on completlon of the servlce. 1.4 Expendlture Expenditure18 recognlsed once there 18 a legal or con8tructlve obligation to transfer economlc b8nefit to a thlrd party, It Is probable that 8 tran8fer of economlc benefit8 wlll be requlred In settlement and the amount of the oblig8tlon c8n be measured reliably, Expenditure 18 classifled by activlty. The co8ts of each 8Ctlvity 8r8 made up of the total of dlrect C08t8 and shared costs. Includlng 8UPPOrt C08ts involved In undertaking each 8Ctivlty. Direct cost8 8ttribut8ble to a single actlvity are 81located dlrectlyto th8t 8Ctlvlty. Sh8red c08ts whlch contrlbute to more than one activlty and support cost8 whlch are not attributable to a single actlvlty are apportloned between those actlvltles on a basis consl8t8nt wlth the u88 of resources. Expendlture on raislngfund8 includes all expendlture Incurred by the Companyto raise fund8 for Its charltable purposes and Includes costs of all lundrai8ing activitie8 events and non-charitable tradlng. Expendlture on charltable actlvitle8 Is Incurred on dlrectly undertaklng the 8Ctlvltle8 whlch further the Comp8ny'8 obJective8, 88 well 88 8ny 888OCi8ted 8UPPOrt CO8t8, Grants P8y8ble are charged In the yearwhen the off8r18 made except in those c88es where the offer 18 conditional, such grants being recognised as expenditure when the conditlons attachlng are fulfllled. Grants offered subject to conditions whlch have not been met at the year end are noted 88 8 commitment, but not accrued 88 expenditure. All expenditure is inclusive of irrecoverable VAT. 15 LONDON HISTORIC BUILDINGSTRUST LIMITED (A company Ilmlted by guarantee) Not88 to the Flnanclal Statement8 Forthe Year ended 31•t March 2024 1.5 Interest receiv8ble Interest on funds held on deposit is included when recelvable and the amount Can be measured reliably by the Company; thls Is normally upon notification of the inter88t Paid or payable bythe in8tltution wlth whom the funds are deposlted. 1.6 Investment Propety Inve8tment property18 carried at falr value determined annually by the tru8te88 and derived from the m8rket rent8 and ylelds alongwlth the remalning length of the lease. No depreci8tlon18 provlded. 1.7 Debtors Trade and other debtors 8re recognlsed at the 88ttlement amount after any trade dlscount offered. Prep8yment8 are valued at the amount prepaid net of any trade dl8count8 due. 1.8 Ca8h at b8nk and In hand C88h at bank end Sn hand Includ88 ca8h end 8hort-term hlghly Ilquld inve8tment8 With 8 short maturlty of three month8 or le88 from the date of 8CqUiSitlon or openlng of the deposit or slmilar account. 1.9 Llabllities and prov181on8 Llabllltl88 8re recogni8ed when there 18 an obllg8tion 8t the B81ance Sheet date 88 8 result of a P88t event, it 18 probable that 8 transfer of economic benefit will be requlred in Settlement, and the 8mount of the settlement Can be estlmated reliably. Llabllltl8S are recognlsed 8t the amount that the Company antlclpates it wlll payto settle the debt or the amount it has recelved 88 advanced payments forthe good8 or services it must provide. Provisions are measured at the best e8tim8te of the amounts required to settle the obtigatlon. 16 LONDON HISTORIC BUILDINGSTRUST LIMITED (A company Ilmlted by guarantee) Nots8 to the Flnanclal Statements For the Yoar ended 31•1 March 2024 1.10 Fin8nclal Instruments The Company only h88 financlal 888et8 and financi8l I18bllltle8 of a klnd that quallfy 88 b881c flnanclal Instruments. Baslc flnanclal Instruments are Inltl8lly recognlsed at tr8ns8Ction value and Subsequently measured at thelr settlement value wlth the exception of bank loans whlch are 8ub8equently measured 8t amort18ed cost uglng the effective interest method. 1.11 Operatlng lease8 Rent8l8 pald under operatlng le8888 are charged to the Statement ol flnanclal actlvltie8 on 8 stralght-line basls over the lease term. 1.12 Pen81on8 The Company operate8 a deflned contrlbutlon penslon 8cheme and the penslon charge repre8ent8 the amounts payable by the Company to the fund In respect of the year. 1.13 Fund accounting Generalfund8 are unrestrlcted funds which 8re 8V8ilable for use at the discretlon of the Tru8tee8 In furtherance of the general objectlves of the Company and which have not been designated for other purp08e8. D881gnated fund8 compr188 unrestrlcted funds that have been Set a8lde by the Tru8tee8 for particular purposes, The aim and use of each designated fund18 set out in the note8 to the flnancial statements. R88trlcted funds are funds which are to be used In accordance wlth 8peciflc re8trlctlon8 Imposed by donors orwhich have been raised by the Company for particular purposes. The COSt8 of raising and adminlstering such fund8 are charged 8galn8t the 8peclfic fund. The aim and u8e of each r88trlcted fund 18 set out in the note8 to the financial statements. Investment income, g8lns and losses are allocated to the 8ppropri8te fund. 17 th•Y••rfnd•d 3JsiMwrba024 UNf•5tykMd TOMI Fynd• IQ24 2024 7.149 563 563 fjr•Dts ij1.￿7 21A5J J05 42.363 42,365 4)9 Y12 FUN* 4 th•rii•bl••¢*•lll mmwbyfvndtyP• F¥ffl 1024 10,571 44,559 10,$76 Jix,g 10.957 61,485 267,437 77.14$ 145.610 167 457 77 145 ￿$¢7 To Tot•1 2021 10,$76 11970 10,971 Jii,990 10,917 9)7 14%6XI Prop•rty 295.020 lJl.2Jl 231 25 ￿567 Trt•l 2021 1024 IT •nd4qulprMni Stsllcosl••nd trlnlni Fln•n¢• Mifk•tlr¥•ThO•¥•nts Olh•f¢¢4ty 4,144 2,436 5.SJ2 Im7 1,4S6 Im7 1,471 1¢)56 10,•57 10.> Iq571 10.571 2.244 Fe*5 I￿nd￿￿t•X*n4th•rknf•w¢I￿.. •$vJr•￿Il9W￿•I￿I Indud•d •l*y4• 7•A•th)Axrblc•i Mtknclud•d4bry 1,500 570 IMtr4Yw Epd•dJl#M*thioa4 Wrf•i Ind Ml•rl Socl•l 8gJ70 2,967 oji 1574 2011 No•mplw•M¢lb*d r•rnun•r•ibn I￿￿111•tO0￿M th•n £IO,COJID•Ith•r￿. Jrtwtr•ywr•rthJ jl M•rth2014 lrt¥d•xP•nMstrt￿1IDl￿•￿r1 r•lrnburn•dorp•kl dlrn¢¢tyio i TlUltMIIOIJ'.l17tolTrurt••l. 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