## **HEATHFIELD TRUST** **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025** **CHARITY NUMBER: 1038331** ## **CONTENTS PAGE** |**Contents Page Number**| |---| |Trustees Annual Report 3 to 6| |Independent Examiner’s Report
7| |Receipts and Payments Account
8| |Statements of Assets and Liabilities
9| 2 **Heathfield Trust Trustees Report For the year ended 31[st] August 2025** Chair of Trustees Rev Dr. Martin Wellings Secretary Secretary Mr Ravi Rangreji Treasurer Mr Ravi Rangreji Charity number 1038331 Registered Office 23 Kynance Gardens Stanmore Middlesex HA7 2QJ Independent Examiner KDP Accounting Services Bank Lloyds Bank Plc 105-109 Station Road Edgware HA8 7JL Investment Advisors MCA 1 Telford Terrace Albemarie Road York YO28 1DQ 3 **Heathfield Trust Trustees Report For the year ended 31[st] August 2025** ## **Purpose** The purpose of the Charity is to advance the Christian faith in the Area of Benefit in accordance with the principles and practices 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 £20,000 to the Barnet and Queensbury Methodist Circuit to further the work and mission of the circuit. £5,000 was given to East Finchley Methodist Church for their church renovations. ## **Financial Review** The total incoming resources for the period amounted to (2025: 66,896 of this, £63,990 (2024: £67,804) was derived from rental income, and the remaining £2,905 (2024: £2,671) represents bank interest received. Total expenditure in the year in furtherance of the trust objectives amount to £55,541 (2024: £27,742. The net surplus for the year amounted to £11,355 and the surplus for 2024 was £42,733. This resulted in a balance of funds carried forward of £196,457 (2024: £185,102). 4 ## **Heathfield Trust Trustees Report For the year ended 31[st] August 2025** ## **Reserve Policy** Funds not required for immediate use are deposited with the Chapel Aid and Lloyds Bank. This produces a level of return 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 circumstances. As of 31 August 2025, the unrestricted fund amount to £196,457 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 introduced 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 advice 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 decisionmaking body of the Trust. Trustees set out below have held office during the whole of the period from 1st September 2024 to 31 August 2025. Trustees Rev Dr Martin Wellings Graham Simmons Catherine Waters Shirley-Anne Wheeler Anna Batchelor Ravi Rangreji Robert Alderman 5 ## **Heathfield Trust Trustees Report For the year ended 31[st] August 2025** ## **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 Accepted 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 resources 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 material departures disclosed and explained in the financial statements, - e) prepare the financial statements on the going concern 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 hence 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 accordance with the above. ## **Approval** This report was approved by the Board of Trustees on SIGN ## **Signed on behalf of the Charity:** **Full Name:** Ravi Rangreji **Position:** Secretary **Date:** 09/6/2026 6 ## **Heathfield Trust Independent Examiner’s Report For the year ended 31[st] August 2025** I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31[st] August 2025, 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 in accordance 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 in connection with the examination, which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records I have no concerns 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: 9th June 2026 7 ## **Heathfield Trust Receipts and Payments For the year ended 31st August 2025** ||**Unrestricted**
**funds**|**Total funds**|**Last year**| |---|---|---|---| ||**2025**|**2025**|**2024**| ||**£**|**£**|**£**| |**Receipts**|||| |Rental Income|**63,990**|**63,990**|**67,804**| |MCA Interest|**2,905**|**2,905**|**2,671**| ||**-**|**-**|**-**| |**Sub total**|**66,896**|**66,896**|**70,475**| ||||| |**Total receipts**|**66,896**|**66,896**|**70,475**| ||||| |**Payments**|||| |Cleaning|**(693)**|**(693)**|**(359)**| |Insurance|**(5,456)**|**(5,456)**|**(3,339)**| |Repairs|**(6,315)**|**(6,315)**|**(7,840)**| |Estate Agents Fees|**(11,984)**|**(11,984)**|**(10,296)**| |Gardening|**(2,560)**|**(2,560)**|**(988)**| |Methodist Fund for the World Mission|**(2,000)**|**(2,000)**|**12,000**| |Electricity|**(433)**|**(433)**|**(419)**| |Grants|**(25,000)**|**(25,000)**|**(15,500)**| |Professional Fees|**0**|**0**|**0**| |Accountancy Fee|**(1,100)**|**(1,100)**|**(1,000)**| |Furniture|**0**|**0**|**0**| |Water Rates|**0**|**0**|**0**| |Youth Work Fund|**0**|**0**|**0**| |**Sub total**|**(55,541)**|**(55,541)**|**(27,741)**| ||||| |**Totalpayments**|**(55,541)**|**(55,541)**|**(27,742)**| ||||| |**Net of receipts/(payments)**|**11,355**|**11,355**|**42,733**| |**Cash funds last year end**|**185,102 **|**185,102 **|**142,368**| |**Cash funds this year end**|**196,457 **|**196,457 **|**185,102 **| 8 ## **Heathfield Trust Statement of Assets and Liabilities For the year ended 31[st] August 2025** |**Current Assets**
Cash at Bank
Debtors|**2025**|**2024**| |---|---|---| ||**£**|**£**| ||**196,860**|**186,102**| ||**-**|| ||**196,860**|**186,102**| |**Current Liabilities**
Creditors
**Total Funds of the Charity**
**Unrestricted Funds**||| ||**(1,100)**|**(1,000)**| ||**195,760**|**185,102 **| |||| ||**196,457**|**185,102**| The Trustees declare that they have approved this report. SIGN **Signed on behalf of the Charity:** **Full Name:** Ravi Rangreji **Position:** Secretary **Date:** 09/6/2026 9