Agenda Item 4
BEDFONT LAKES TRUST FUND
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
Contents
Refei'ence and Administrative Details.................
Structure, Governance and Management.............. .......
Objectives and Activities...,...................................
Achievemcnts and Perfoiinance: Year endcd 3 1st March 2024...........................
Financial Review.............
Plans foi. Future Periods.. .
Indepcndcnt Auditor's Report to the Trustees of Bedfont Lakcs Trust Fund ............................. ....
Statement of Financial Activiti¢s.............
Balance Sheet as at 3 I" Mai'ch 2024.....
10
10 Notes to thc Financial Statements..........
Registered charity no. 1053137

BEDFONT LAKES TRUST FUND
YEAR END 31ST MARCH 2024
continued
1 Reference and Administrative Details
TRUSTEE:
The Mayor and Burgesses of the London Borough of
Hounslow
ADDRESS:
Hounslow House
7 Bath Road
Hounslow
TW3 3EB
REGISTERED CHARITY NO.: 1053137
SOLICITOR:
Assistant Director Corporate Governance
London Borough of Hounslow
Hounslow House
7 Bath Road
Hounslow
TW3 3EB
TREASURER..
Director of Finance and Corporate Services
London Borough of Hounslow
Hounslow House
7 Bath Road
Hounslow
TW3 3EB
AUDITORS:
Clemence Hoar Cummings
Chartered Accountants and Registered Auditors
1- 5 Como Street
Romford
RM7 7DN
BANKERS:
Natwest Bank
275 - 277 High Street
Hounslow
TW3 1ZA
FUND MANAGERS:
Schroder & Co
31 Gresham Street
London
EC2V 7QA
INTERNAL AUDITORS:
Head of Internal Audit
London Borough of Hounslow
Hounslow House
7 Bath Road
Hounslow
T4W3 3EB

BEDFONT LAKES TRUST FUND
YEAR END 31ST MARCH 2024
continued
2 Structure, Governance and Management
2.1 The Trust was formally established on 20 December 1995 with the declaration of a charitable trust
between Hanover Property Unit Trust and the Mayor and Burgesses of the London Borough of
Hounslow ("Ihe Council"). The Trust Fund is devoted to the general charitable purposes defined in
the declaration of Trust.
2.2 The Trust Fund initialSy set up comprised a sum of £200,000, which had been previously paid over
to the Council and a further sum of £1.000.000 enhanced as provided for in a previous agreement
between Rutland Hall Limited and the Council (daled 13 May 1988). An additional sum of £750,000,
enhanced as provided for. became transferable to the Trust Fund in accordance with the terms of
an agreement dated 4 April 1990 belween Keenhalf Limiled and the Council.
Enhanced sums of £1,859,608 and £1,192.998 were paid to the Council on 20 December 1995 by
Hanover Property Unit Trust and Keenhalf respectively.
On the fomiation of the Trust, £3,200,000 VRS transferred to Schroder Investm6nt Management
Limited (now named Schroder & Co) for appropriate investment.
2.3 The Bedfont Lakes Country Park Trust Fund Panel has been established by the Council to oversee
the investment of the Trust Fund and to ensure that the resources are used in a manner consistent
with the agreed lease. The Councillors appointed to the Panel for the year to date were.. _
Adesh Farmahan
Farah Kamran
Raghwinder Siddhu
Bishnu Gurung
Noor Kaleem
appointed 23rd May 2023
appointed 23rd May 2023
appointed 23rd May 2023
appointed 23rd May 2023
Ceased to be a trustee. 301h May 2024
The Councillors are appointed to the Panel annually by the full Council.

BEDFONT LAKES TRUST FUND
YEAR END 31ST MARCH 2024
continued
The Trust Fund Panel meets annually to monilor investment performance. review operational costs at the
Country Park, and set the annual budget. The management and Maintenan￿ of the Country Park is
delivered by Lampton Greenspace 360 Limited.
3 Objectives and Activities
3.1 The charitable trust is established with the object of promoting public recreation and education by
the provision of reSoU￿eS for the maintenance, improvement, management and preservation of the
counlry park (which is held on a 999-year lease) as open space land for recreational and leisure time
use by the public al large and for their education, enjoyment and benefit.
3.2 We have referred to the guidance in the Charity Commission's general guidance on Public Benefit
including Its guidance 'public benefit.. running a charity (PB2)' when reviewing our aims and
objectives and planning our future activities. In particular, the trustees consider how planned
activities will contribute to the aims and objectives they have set. The trustees believe that providing
access to the park facilities is of direct benefit to the well-being and enjoyment of the general public.
The park is open to access by any member of the public free of charge,
4 Achievements and Performance: Year ended 31 March 2024
4.1 The charitable trust has used the resources generated for the maintenance, improvement,
management and preservation of the country park.
4.2 The investment funds are actively managed throughout the year to provide sufficient retum to meet
the net budget for the management and maintenance of the Country Park over the longer term. For
2023124 actual income was £238,351 against expenditure of £243,676 resulting in a loss of £5,325
(excluding movements on investments).
5 Financial Review
5.1 Reserves and Investments Policy
5.1.1 The Trustees aim to manage the Trust Fund so that it generates sufficienl income to fund the
annual maintenance of the park. For the immediate futUTe, the assels of the Trust Fund are
considered adequate for this purpose.
5.1.2 The Trust Fund will continue to be carefully invested and managed to help ensure it generates the
required annual return to provide for the development and upkeep of the Park.
5.1.3 The principal source of funding for the Trust is the investment fund. Income from Ihe investment
fund has SUPPOrted the key objective of the charitable trust by providing resources for the upkeep
of Ihe country park.
5.1.4 It is the Trust's policy to retain funds in the fonn of investments thal generate sufficient income to
cover the cost of upkeep of the park in the future. The value of the investments held at 3161 March
2024 was £ 5,763,782. Each year a budget is prOdu￿d of the expected cost of the upkeep of the
park for the coming year. The Trustees have reviewed Ihe level of funds, along with the expected

BEDFONT LAKES TRUST FUND
YEAR END 31ST MARCH 2024
continued
budget cost of Ihe upkeep of the park and consider the funds to be adequate to derive sufficient
investment retum to finance such activities in forthcoming years.
5.1.5 The Trust's investment policy is to maximise total returns after consideration of the annual budget
requirement for the park's upkeep. The investment funds have Provided sufficient return to meet
the net budget requirement for the park.
5.1.6 The investments are managed by Schroders. The fund has a balanced portfolio that is actively
managed in order to provide Ihe required retum at an acceptable level of risk.
5.2 Statement of trustees, responsibilities in respect of the trustees, report
and the financial statements
5.2.1 Under the trust deed of the charity and charity law, the Trustees are responsible for preparing the
Trustees, Report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The
law applicable to charities in England & Wales reqijires the trustees to prepare financial statements
for each financial year which give a true and fair view of the state of affairs of the charity and of the
incoming resources and application of resources of the charity for that period. In preparing these
financial statements, the trustees are required lo:
select suilable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent,,
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in Ihe financial statements.
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in business.
5.2.2 The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial posilion ofthe charity and enable them to ensure that the financial
statements comply with the Charities Act 2011. the Charity (Accounts and Reports) Regulations
2008 and the provisions of the trusl deed. They are also responsible for safeguarding the assets
of the charity and hence for taking reasonable steps far the prevenlion and detection of fraud and
other irregularities.
5.3 Risk Management Strategy
5.3.1 The major risks to which the Trust is exposed have been idents'fied and considered by the Trustees.
The risks identified, the anticipated effect, and the steps taken and systems in place to mitigate
those risks, are contained in a risk management stralegy Statement, which has been reviewed by
the Trust Fund Panel.

BEDFONT LAKES TRUST FUND
YEAR END 315T MARCH 2024
6 Plans for Future Periods
continued
6.1 The Trustees inlend to continue to manage Ihe Trust Fund in order to generate funds sufficient to
continue carrying out the key objective of the charitable trust.
Signed on behalf of the Mayor and Burgesses of the London Borough of Hounslow by..
Chair of the
st Panel
Date
}./,,//,>*
Director of Finance and Corporate Serlices
Date

BEDFONT LAKES TRUST FUND
YEAR END 31ST MARCH 2024
continued
7 Independent Auditor's Report to the Trustees of Bedfont
Lakes Trust Fund
Oplnlon
We have audited the financial statements ofBedfont LakesTrusl forthe year ended 31 March 2024 which comprise
the Statement of Financial Activities. Ihe Balance Sheet and the related notes to the finanGial stalemenls. including
a summary of significant accounting policies. The financial reporting framework that has been applied in their
preparalion is appliGable law and United Kingdom Accounting Standards. including FRS 102 'The Financial
Reporting Standard Applicable in the UK and Republic of Ireland. {United Kingdom GenérallyAccepted Accounting
Practice).
In our opinion the financial statements-
give a true and fair view of the state of the charit￿5 affalrs as at 31 March 2024 and of Ils incomlng
resources and application of resources, for Ihe year then ended-
have been properly prepared in accordance wilh United Kingdom Generally Accepted Accounting Practice.,
and
have been prepared in accordance with Ihe requiremenls of Charities Act 2011.
Basls for oplnlon
We conducted our audit in accordance wilh International Standards on Auditing (UK) {ISAs (UK)) and applicable
law. Our re5ponsibllilies under those Standards are furiher described in the Audltor's Responsibilities for the audil
of the financial slaternents section of our report. We are independent of Iha charily in accordance with the ethical
requirements that are relevant to our audil of the financial slalemenls In the UK. including lh8 FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibillties in accordance wlth these requlremen15. We believe
that Ihe audil evidence we have obtained is sufficienl and appropriate lo provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the Ilnancial statements. we have concluded that the trustees, use of the going concern basi5 of
acwunting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have nol identified any material uncertainties relating lo events or
conditions Ihat, individually or collectively, may cast signilicanl doubl on the charity's ability lo Continue as a going
concern for a period of at least twelve monlhs Irom when Ihe financial stalemenls are authorised for issue.
Our responsibililies and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this r8POrt.
Other Informatlon
The Iruslee5 are respon51ble for the other informatlon. The other information comprises the information included in
the annual repori. other than the financial slatemenls and our Report of Ihe Independenl Auditors thereon.
Our opinion on the financial statements does not cover the other infomiation and, except lo the extent olherwise
explicitly slated in our report. we do not express any form of assurance conclusion Iher80n.
In conneclion with our audit of Ihe financial statements, our responsibility Is to read the other infomiation and, in
doing so, consider whether Ihe other information is materially inconsistent with Ihe financial statemènts or our
knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstalements, we are required lo determine whelher there Is a material
misstatement in the financial statements or a material misstatement of the other Infom)ation. If, based on Ihe work
we have performed, we conclude Ihal there 15 a material misstatement of this other infomiation, we are required to
repori that fact. We have nothing to report in Ihis regard.
10

BEDFONT LAKES TRUST FUND
YEAR END 31ST MARCH 2024
continued
Matters on whlch we are requlred to report by ex¢epllon
We have nothing to report in respect of the following matters •M)ere the Charities Act 2011 requires us lo report to
you if, in our opinion..
the information given in the Trustees. Annual Report is inconsistent in any materlal respect with the fi'nanclal
slatements. or
the charity ha5 not kept adequate accounting records., or
the financial slalements are not in agreement with the accounting records and returns- or
we have not received all Ihe information and explanations we required for our audit.
Responslbllitle5 of trustees
As explained more fully in the ITUStees' responsibilitios statement on page 4, the trustees are responsible for the
preparation of the financlal slalemenls and for being satisfied that they give a true and fair view. and for such
inlernal control as the Iruslee detemiines is necessary lo enable Ihe preparation of financial statemenls that are
free from materlal misslalemenl, wh6ther due to fraud or error.
In preparing the finanGial statements. the Iruslees are responsible for assessing the charitls ability to conlinue as
a going concern, disclosing, as applicable, matters related to going concern and using Ihe going concem basls of
accounllng unle55 the trustee either inlends to liquidate the tharity or to cease operations. or have no realistic
alternative but lo do so.
Audltor's r•sponslbllltles for the audlt of tho flnanclal ststements
W8 have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with
regulatlons made under section 154 of that Act.
Our objectives are lo obtain reasonable assurance aboul vthether the financial statements as a whol8 are free from
material misslatemenl, whether due to fraud or error. and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assuran￿. but is not a guarantee Ihat an audit conducted in accordance
wlth ISAS (UK) will always detect a malerial misstatement when il exists. Misslatemenls can arise from fraud or
error and are consldered material if, individually or in aggregate, they could reasonably be expected to influence
the economic decisions of users laken on th8 basis of Ihese financial statements.
Irregularitles including fraud. are instances of non-compllance with laws and regulations. We design procedures in
line with our responsibilities, outlined above. lo delecl material mis-statements in respect of irregularltles including
fraud. The extent lo which our procedures are capable of detecting irregularities, including fraud is detailed below.
We have deslgned our work lo ensure that laws and regulatlons have been adhered lo, and Ihat the
transactions of the charity are properly reflected in the financial statements
We havo obtained a detailed underslanding of the Char[t￿S internal control systems and we hève used the
knowledge gained to identify any area5 of risk of mis-slat8ment or fraud. We have then designed our audit
tests in each area to identify whother in respect of the transactions we have sel8Cted for testing the relevant
conlrols have operated as expected.
The charity is In receipt of investment income and we ensure that the reports of investment performance
and asset valuations produced by the fund managers are properly r&flected in ihe accounts. We then check
the valuations Ihemselves to ensure they are consislent with olher Ihird party infomiation.
The charity has a contract for the provision of services for the park area and we ensure that expenditures
on thls are properly authorised. and that the charge5 are reasonable.
A further descriptlon of our responsibilities for the audit of financial statements is located in the Financial Reporting
Coundl's website at www.frc.or
Independent Auditors.
.uklaudiloTS responsikn'lities. This description forms part of our Report of the
11

BEDFONT LAKES TRUST FUND
YEAR END 31ST MARCH 2024
continued
U58 of our report
This report is made solely to the charitrfs Iruslees, as a Ixxly, in accordance with Chapter 3 of Part 8 of Ihe Charities
Act 2011, Our audit work has been undertaken so that we might state to the charity's trustee those matters we are
required to state to them in an auditorfs report and for no other purpose. To the fullesl extent permitted by law, we
do not accept or assume responsibility to any party other Ihan Ihe charily and chariws trustees as a body. for our
audit work, for this report, OT for the opinion we have formed.
D.M. Belbin Bsc BFP FCA DChA
Senior Statutory Auditor
Clemence Hoar Cummings
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN
Oate..
Clemence Hoar Cummlngs is eligible lo act as auditor in leims of Section 1212 of the Companles Act 2006.
12

BEDFONT LAKES TRUST FUND
YEAR END 31ST MARCH 2024
continued
8 Statement of Financial Activities
Notes
Unrestrlcted
Fund
Restrlcted
Fund
Total 2023124 Total 2022123
Income from:
Investment Income
Other Incoming Resources
Total Incomlng
Expendlture on:
Investment managemenl costs
Ch8ritable Activities
Charitable Support Costs
Total Expenditure
Nel Incomlngl(Outgoing) Resources
for the Year
166,106
72,245
238,351
283,382
166,106
72,545
238,351
283,382
9,284
158,019
4,128
171,431
(5,325)
3,912
66.593
1,740
72,245
13,196
224,612
5,868
243,676
(5,325
13,422
206,603
5,580
225,605
57,777
Net {lossesllgains on investments
Net {expenditure)Ilncome and net
movement In funds
Fund Balances brought fornvard at 1st
April
Fund 8alance8 carrled forward 31st
March
208.346
90,617
298,962
(375.0381
1317,261)
203,021
90,617
293,637
4.118.440
1.791.250
5,909.690
6,226,951
4,321.461
1,881,867
,203,328
5,909,690
Bedfont Lakes Trust has no recognised gains or losses for the year. other than the net movement in funds
shown above. The Trust has neither discontinued any of its operations nor acquired new ones, and all
amounts relate to continuing operations.
The notes on pages 11 to 16 form part of these financial statements.
13

BEDFONT LAKES TRUST FUND
YEAR END 31ST MARCH 2024
continued
9 Balance Sheet as at 31st March 2024
Notes
2024
2023
Fixed Assets
Investments
5,763,782
5,763,782
5,477,927
5,477,927
Current Assots
Debtors
Cash
59,863
613,523
673,386
58,980
588,251
647,231
LlabS1itles
CredStors
1233,840)
1233,840)
439.546
6,203,328
(215,4681
{215,468)
431,763
5,909,690
Net Current Assols
Net Assets
Funds
Restricted
Unreslrlcted
Funds Carrled Fonvard
1,881,867
4,321,461
6,203,328
1,791,250
4,118.440
5,909.690
These financial statements were approved and authorised for issue on behalf of the Mayor and Burgesses
of the London Borough of Hounslow and signed on its behalf by:
Chair of the Tr
anel
Date
Dlrector of Finance and Corporate Services
Date
,¥l,d f
The notes on pages 11 to 16 form part of these financial statements.
10
14

8EDFONT LAKES TRUST FUND
YEAR END 31ST MARCH 2024
continued
10 Notes to the Financial Statements
1) Accounting Policles
Accounting 8ases
A Summary of the principle accounting policies adopied, judgements and key sources of estimation of
uncertainty, is set out below.
The financial statements have been prepared in accordance with the Statement of Recommended Practice:
Accounting and Reporting by charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (The FRS102 Charities SORP) and Charities Act
2011. The charity is a public benefit entity for the purposes of FRS 102.
b)
Funds
Bedfont Lakes is managed and developed as a complete site, albeit it is cut in two by a railway line. On the
establishment of the Trust, Keenhalf Ltd required that the funds they introduced be restricted to expenditure
on that part of Bedfont Lakes which lies to the north of the railway line. The funds provided by Keenhalf
Limited are therefore held as restricted funds. The funds provided by Hanover Property Unit Trusl are held
as unrestricted funds as they can be applied for the maintenance of the entire parkland area.
Investment Income
Investment income is accounted for on an accruals basis.
The movement In investment values was apportioned between the restricted and unrestricted funds in the
year 1995196 (being the year the Trust was fomially established) on the basis of the capital sum originally
invested with Schroders, and in subsequent years on the balance of investments brought fonNard at 1 April.
other Incomlng Resources
Other incoming resources are accounted for on an accruals basis when there is entitlement to income. receipt
is probable and the amount can be measured reliably.
Other Incoming resources are allocated between Ihe restricted and unrestricted funds on the basis of the
direct costs of maintaining the parkland.
Resources Expended
All expenditure is accounted for on an accruals basis and has been dassified under headings that accord
with the Statement of Recommended Practice, Expenditure is allocated between the restricted and
unrestrlcted funds on the basis of the direct costs of maintaining the parkland to the exlent to which incoming
resources in the year relating to the restricted fund are available to meet such expenditure. Any excess is
borne by the unrestricted fund. 70 % of Bedfont Lakes. direct costs relate to the northern side of the park.
Fixed Asset Investments
Investments are staled at market value i.e. the realisable value of investments at the balance sheet date.
g)
Flnancial Instruments
Financial instruments are recognised in the charitys balance sheet when the charity becomes party to the
contraGtual provisions of the instrument.
Basic financial assets and liabilities are initially measured at transaction price including transaction costs and
are subsequently carried at amortised cost using the effective interest method.
15

BEDFONT LAKES TRUST FUND
YEAR END 31ST MARCH 2024
continued
Investments are initially recognised at their transactions value and subsequently measured at their fair value
as at the balance sheet date using the closing quoted market price. The statement of financial activities
includes the net gains and losses arising on revaluation and disposals throughout the year.
h)
Cash Flow Statement
No cash flow statement has been prepared. As a small reporting entity, the Trust is exempt from the
requirement to prepare a cash flow statement.
Taxatlon
As a charity the Trust is exempt from tax on the income and gains arising from its charitable activities and its
investments, to the extent that such income and gains are applied for charitable purposes only.
J)
Value Added Tax (VAT)
VAT is not recoverable by the Charity and, as such, is included in the relevant costs in the Statement of
Financial Activities.
k)
Treatment of Losses
In the event that there are net outgoing resources in a year (being an excess of total resources expended
over incoming resources) losses are allocated pro rata to the fund balances brought fornard at 1 April (except
1995196 when they were allocated to the funds on the basis of actual expenditure incurred in the year) unless
the loss results from significant expenditure on one half of the site, in which case expenditure would be
charged to the relevant fund.
Treatment of Surpluses
In the event thatthere is an excess of total incoming resources overtotal resources expended, such surpluses
are deemed to relale to the unrestricted fund and are added lo that fund each year. There is no allocation of
any surplus to the restricted fund as the income from the restricted fund is insufficient to meet the cost of
maintalning the northern side of Bedfont Lakes, the northern side being the only part of Bedfont Lakes that
the restricted fund can be used to maintain. Therefore, any surplus by implication must relate to the
unrestricted fund.
Governance Costs
These are accounled for on an accruals basis and included within support costs. They represent the fee
payable to the Trust's external auditors.
Llabilities
These are accounted for on an accruals basis.
o) Investment Income
The Trust Fund incurs a fund manager's fee for the management of its investments. Reports provided by the
fund manager separately identify investment management fees, and so these have been separately charged
and recognised as a cost of generating funds.
p) Critical accounting estimates and areas of Judgement
In the application of the charily's accounling policies. the trustees are reqUI￿d to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and assoGiated assumptions are based on historical experience and
other factors that are considered to be relevanl. Actual results may differ from these eslimates.
In the view of the trustees in applying the accounting policies adopted, the only critical judgement
considered to have a significant effect on the amounts recognised in the financial statements is the
allocation of deficitslsurpluses between funds.
12
16

BEDFONT LAKES TRUST FUND
YEAR END 31ST MARCH 2024
continued
2) Direct Cost of Charltable Activities
The Trust has one key charitable activity which is the maintenance, improvement. management and
preseNation of the country paTk.
The management and maintenance of the Park was carried out by Lampton Greenspace 360 Limited and
costs were recharged to the Charity,
2024
2023
Management of Bedfont Lakes Country Pa
Support Seryices
218,112
6.500
200,103
6,500
206,603
224,612
3) Charltable Support Costs
No charges have been made to the Trust with regard to the preparation of the statutory accounts, the costs
of Trustees meetings or legal fees. Other costs comprise the governance costs for the year which were:
2024
2023
External Audit Fees
5.868
5.580
Legal & Professional Fee5
5,868
5,580
4) Fixed Assets - Investments
Fixed asset investments are recognised in the balance sheet at their market value as at 318t March 2024.
The movements on investments during the year are summarised below:
2024
2023
Market Value at 1 April
5,477,927
5.890.178
Acquisitions during Ihe year at cost
{298)
{16.959)
298,961
189,194
Disposals during year at carying value
Net gainsl{Ioss8s) on revaluation
(191,968)
(375,038>
Net increase l (decrease) in cash awaiting investment
4,149
(34.439)
Closing Value
5.763,782
5.477,927
13
17

BEDFONT LAKES TRUST FUND
YEAR END 31ST MARCH 2024
continued
Realised losses on the sale of investments are calculated based ori the carrying value of the investment at
the start of the year. Unrealised investment gains and losses are based on movements in the market value
of the investment.
Investments with a brought fO￿ard book value of £16.925 were disposed of in the year for proceeds of
£16,959 realising a gain on disposal of £34.
b)
Fixed asset investments are recorded at their marf(et value at 31" March. The historic cost of these
assets is disclosed below:
Number
Market Value
Cost
31st March 2023
of Unlts
Schroder Cash Pool Account
2,806
5,475,121
5,477,927
2.806
SUTL Cazenove Charity Responsible
10,256,877
5,722,720
5,725,526
Number
Market Value
Cost
31st March 2024
of Unlts
Schroder Cash Pool Account
6,955
5,756.827
6,955
5.698,900
5,705,855
SUTL Cazenove Charity Responsible
10,225,269
5,763,782
14
18

BEDFONT LAKES TRUST FUND
YEAR END 31ST MARCH 2024
continued
5) Debtors
2024
2023
Accrued Investment Income
59,675
188
58,762
188
Accrued Licence Income
59,863
58,980
6) Llabilities: amounts falllng due within one year
2024
2023
Sums due to London Borough of Hounslow
Investment management fees due
Audit Fees
224,612
3.360
5.868
206,603
3,285
5,580
Total
233,840
215,468
71 Analysls of Funds
Analysis of Net Assets by Fund
Unrestrlcted
Fund
Restrfcted
Fund
Total
Fixed Assets
Investments
4,019,923
4,019.923
451,166
1149,6281
4,321,461
1,743,859
1.743,859
222,220
184,212)
1.881,867
5.763,782
S,763,782
673,386
1233,8401
6.203,328
Total Fixed Assets
Current Assets
Current Liabilities
Net Assets at 318t March 2024
8) Related Parties
The charily is administered by London Borough of Hounslow, and Bedfont Lakes ilself is managed by
Greenspace 360, a 1000/0 owned subsidiary of LBH. During the year £224,612 {2023.' £206,603), was charged
by London Borough of Hounslow as a contribution to the management of Bedfont Lakes. None of the Trust
Fund Panel had any relationships with related parties.
15
19

BEDFONT LAKES TRUST FUND
YEAR END 31ST MARCH 2024
continued
9) Employee Information
The Trust has no employees (2023124 - none).
10)
Remuneration of Trustees
None of the members of the Panel receive any emoluments or reimbursed expenses (2023124 - none).
11)
Comparatlve SOFA spllt of funds
Unrestrlcted
Fund
Restrlcted
Fund
Total 2022123
Income from:
Investment Income
196.640
86.742
283,382
Other Incoming Resources
Total Income
196,640
86,742
283,382
Expenditure on..
Inveslmenl management costs
Charitabl8 Activities
Charitable support costs
Tolal Expendlture
8.261
127,167
3,345
138,863
5,161
79,436
2.145
86,742
13,422
206,603
5,580
225,605
Net (losses)Igalns on investments
Net {expendlture)Ilncome and net movement In funds
Fund Balances brought forward at 1 st April
Fund Balances carried forward 315t March 2023
(260,240)
(202,463)
4,320.903
4,118,440
(114.7981
(114,798)
1,906,048
1,791,250
1375,038)
1317.261)
6,226,951
5,909,690
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