HEATHFIELD TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 CHARITY NUMBER: 1038331
CONTENTS PAGE Contents Page Number 3to6 Trustees Annual Report Independent Examinerfs Report Receipts and Payments Account Statements of Assets and Liabilities
Heathfield Trust Trustees Report For the year ended 31st August 2024 Chair of Trustees Rev Dr. Martin Wellings Secretary Mr Ravi Rangreji Treasurer Mr Eric Asamoa-Frimpong Charity number 1038331 Registered Office 23 Kynance Gardens London, HA7 2QJ Independent Examiner KDP Accounting Services Bank Lloyds Bank PIC 105-109 station Road Edgware HA8 7JL Investment Advisors MCA 1 Telford Terrace Albemarie Road York Y028 1 DQ
Heathfield Trust Trustees Report For the year ended 31st August 2024 Purpose The purpose of the Charity is to advan the Christian faith in the Area of Benefit in accordance with the principles and praCtIS of the Participating Churches. In achieving its purpose, the Charity will engage in a range of activities. either on its own or with others, including but not restricted to. a) The provision of facilities with a Christian ethos for the local community, including (but not restricted to) the elderly. the young and other groups with special needs. and b) The Area of Benefit is London. especially the London Boroughs of Barnet and Brent All Trustees have had the required formal guidance on public benefit. Policy on grant making Grant applications are submitted to the Trustees with supporting paperwork and budgets. There is no limit to the amount and number of times grant applications can be made by a Circuit Church or Circuit group within the financial year. The grants will always be subject to the availability of sufficient funds. Achievements and Performance Main Achievements A total grant during the year amounted to £15.000 to Edgware Methodist church to upgrade their AV systems as part of their initiative to improve their premises. £500 was given to East Barnet church to benefit their Girl Guides initiative. Financial Review The total incoming resources for the period amounted to (2024.'70,475. Of this, £67.804 (2023: £59,897) was derived from rental income, and the remaining £2.671 (2023: £1,091) represents bank interest received. Total expenditure in the year in furtherance of the trust objectives amount to £27.742 (2023: £39,457. The net surplus for the year amounted to £42,733 and the surplus for 2023 was £21,458. This resulted in a balance of funds carried forward of £182.105 (2023: £142.368).
Heathfield Trust Trustees Report For the year ended 31st August 2024 Reserve Policy Funds not required for immediate use are deposited with the Chapel Aid and Lloyds Bank. This produces a level of retum while maintaining a minimal risk and a high level of liquidity. The funds are easily accessible for grants and expenditures. Trust has agreed on a reserve policy to keep at least six months of expenditure as reserves in light of unforeseen circUmstans. As of 31 August 2024, the unrestricted fund amount to £185,102 more than a year's expenditure. Risk management The Trustees have examined the significant risks to which the trust is exposed and are satisfied that systems are in place or are being intrOdUd to monitor and control these risks and to mitigate any impact they may have on the charity. The key risk to the organisation is advisory services to members covering operational procedures and guidelines. The procedure in place ensures the clarity of documentation and advi provided. Trustees Trustees are appointed from the churches within the circuit or recommended by the Circuit Council. To serve on the board. members should have pre-requisite skills and experience to help further the organisation's objectives. Trustees are the governing and decision-making body of the Trust. Trustees set out below have held office during the whole of the period from 1 st September 2023 to 31 August 2024. Trustees Rev Dr Martin Wellings Eric Asamoa-Frimpong Graham Simmons Mia Chia Catherine Waters Shirley-Anne Wheeler Anna Batchelor Ravi Rangreji Robert Alderman
Heathfield Trust Trustees Report For the year ended 31st August 2024 Statement of Trustees. Responsibilities The trustees (who are also directors for the purposes of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. The law applicable to Charities in England and Wales requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees must prepare the financial statements in accordance with United Kingdom Generally ACpted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming reSoUrS and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: a) select suitable accounting policies and then apply them consistently. b) observe the methods and principles in the Charities SORP. c) make judgements and estimates that are reasonable and prudent. d) state whether applicable UK Accounting Standards have been followed. to any departures disclosed and explained in the financial statements, a material e) prepare the financial ststements on the going conrn basis unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the company and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees confirm that they have properly discharged their responsibilities in accordan with the above. Approval This report was approved by the Board of Trustees on Signed on behalf of the Charity: kayur Full Name: Ravi Rangreji Position: Secretary Date: 161612025
Heathfield Trust Independent Examiner's Report For the year ended 31st August 2024 I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 31" August 2024, on pages 8 and 9. Responsibilities and basis of the report As the charity trustees of the Trust, you are responsible for the preparation of the accounts inaccordance with the requirements of the Charities Act 2011 ("the Act"). I report regarding my examination of the Trust's accounts carried out under section 145 of the 2011 Act. In carrying out my examination. I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention inconnection with the examination. which gives me cause to believe that in. any material respect: accounting records were not kept in accordan with section 130 of the Act or the accounts do not accord with the accounting records I have no concems and have come across no other matters in connection with the examination to which attention should be drawn to enable a proper understanding of the accounts to be reached. Keisha Chidziva Independent Examiner KDP Accounting Services 27 Old Gloucester Street London WC1N 1AX Date: 30 April 2025
Heathfield Trust Receipts and Payments For the year ended 31 st August 2024 Unrestricted funds 2024 Total funds 2024 Last year 2023 Receipts Rental Income MCA Interest 67,804 2,671 67,804 2,671 59,897 1,019 Sub total 70,475 70,475 60,915 Total receipts 70,475 70,475 60,915 Payments Cleaning Insurance Repairs Estate Agents Fees Gardening Methodist Fund for the World Mission Electricity Grants Professional Fees Accountancy Fee Furniture Water Rates Youth Work Fund Sub total (359) (3,339) (7,840) (10,296) (988) 12,000 (419) (15,500) (359) (3,339) (7,840) (10,296) (988) 12,000 (419) (15,500) (592) (2,000) (2,167) (10,540) (1,841) (13,000) {417) (8,000) (1,000) (1,000) (900) (27,742) (27,742} (39,457) Total payments 27,742 27,742 39,457 Net of receiptsl(payments) Cash funds last year end Cash funds this year end 42,733 142.368 185,102 42,733 142,368 185,102 21,458 120.910 142,369
Heathfield Trust Statement of Assets and Liabilities For the year ended 31st August 2024 Current Assets 2024 2023 Cash at Bank Debtors 186,102 162,356 186,102 162,356 Current Liabilities Creditors 1,000 185,102 (19,987) 142,369 Total Funds of the Charity Unrestricted Funds 185.102 142.369 The Trustees declare that they have approved this report. Signed on behalf of the Charity: Full Name: Ravi Rangreji Position: Secretary Date 161612025