2022-12-31-accounts - The Heron Educational Trust

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Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2 to 6
Independent Auditors'	Report	7to 10
Consolidated Statement ofFinancial Activities		11to 12
Consolidated Balance	Sheet	13
Balance Sheet		14
Consolidated Statement	ofCash Flows	15
Notes to the Financial	Statements	16to 31

			Reference and	Administrative	Administrative
Trustees			ACCIS Property Ltd
			ACCIS Investments		Ltd
			ACCIS Educational		(UK) Ltd
Charity	Registration	Number	1057136
Principal	Office		C/0 Liquidline
			11Holywells	Close
			Ipswich
			IP3 OAW
Auditor			mca Banbury Limited 4-6 The Wharf Centre
			Wharf Street
			Warwick
			Warwickshire
			CV34 5LB
Bankers			National Westminster		Bank
			10South Street
			Romford
			Essex
			RM1 1RD

				Unrestricted	Total
				funds	2022
			Note
Income and Endowments		from:
Donations and legacies				613,661	613,661
Charitable activities				5,000	5,000
Investment income				6	6
Other income				1,621,902	1,621,902
Total income				2,240,569	2,240,569
Expenditure on".
Raising funds Charitable activities			7 8	(1,382,172) ~385,113	(1,382,172) 385,113
Total expenditure				~1,767,285)	1,767,285)
Net income				473,284	473,284
Net movement in funds				473,284	473,284
Reconciliation offunds
Total funds brought	forward			1,500,458	1,500,458
Total funds carried	forward		18	1,973,742	1,973,742
				Unrestricted	Total
				funds	2021
			Note
Income and Endowments		from:
Donations and legacies				362,813	362,813
Charitable activities				10,000	10,000
Investment income				7	7
Other income				776,110	776,110
Total income				1,148,930	1,148,930
Expenditure on:
Raising funds Charitable activities			7 8	(707,664) ~29,993	(707,664) 29,993
Total expenditure				~737,657	(737,657
Net income				411,273	411,273
Net movement in funds				411,273	411,273

					2022	2021
				Note
Fixed assets
Tangible assets				13	1,804,950	1,391,051
Investments					252,814	252,814
					2,057,764	1,643,865
Current assets
Cash at bank	and in hand				153,710	201,337
Creditors: Amounts		falling due within	one year	17	(206,874	(139,030
Net current	(liabilities)/assets				53,164	62,307
Total assets	less current liabilities				2,004,600	1,706,172
Creditors: Amounts		falling due after more than one year				(170,000
Net assets					2,004,600	1,536,172
Funds ofthe	charity:
Unrestricted	income	funds
Unrestricted	funds				2,004,600	1,536,172
Total funds					2,004,600	1,536,172

Consolidated S	ta	tement of	Cash Flows fo	r the Year Ended	31December	2022
					2022	2021
				Note		f.
Cash flows from operating	activities
Net cash income					473,284	411,273
Adjustments to cash flows	from non-cash		items
Depreciation					39,884	34,961
Investment income					(6)	7)
					513,162	446,227
Working capital adjustments
Increase in stocks				15	(2,571)	(129,103)
Decrease/(increase) in debtors				16	6,789	(63,727)
Increase in creditors				17	8,134	139,924
Net cash flows from operating		activities			525,514	393,321
Cash flows from investing	activities
Interest receivable and similar		income		6	6	7
Purchase oftangible fixed assets				13	(428,888)	(139,341)
Sale oftangible fixed assets					46,895
Net cash flows from investing		activities			(475,777)	(139,334)
Cash flows from financing	activities
Repayment ofloans and borrowings				17	150,000	150,000
Net(decrease)/increase in cash		and cash equivalents			(100,263)	103,987
Cash and cash equivalents at	1	January			289,736	185,749
Cash and cash equivalents at	31December				189,473	289,736

3 Income from donations and legacies
	Unrestricted
	funds	Total
	General	funds
Gifts and donations	613,661	613,661
Total for 2022	613,661	613,661
Total for 2021	362,813	362,813

	Notes to the Finan	cial Statements for the Year Ended	31December 20	22
			2022	2021
			No	No
Staff
No employee	received emoluments	ofmore than f60,000 during the year.
12 Auditors'	remuneration
			2022	2021
Other fees to auditors
The auditing ofaccounts ofany associate ofthe charity			6,000	5,000
All other non-audit services				2,250
			6,000	7,250

	Notes to the Financial State	ments for the Year Ended 3	1Decemb	er 20	22
		Land and	Furniture	and
		buildings	equipment		Total
At	31December 2021	1,391,051			1,391,051
14	Fixed asset investments

Shares in group undertakings and participating in	terests
	Subsidiary
	undertakings	Total
	f.
Cost
At 1 January 2022	252,814	252,814
At 31December 2022	252,814	252,814
Net book value
At 31December 2022	252,814	252,814
At 31December 2021	252,814	252,814

	Group		Charity
	2022	2021	2022	2021
Trade creditors	143,338	109,717	74,553	(13)
Other loans	150,000	130,000	150,000	130,000
Other taxation and social security	1,271	1,815
VAT grant repayable	(18,895)	782	(25,266)
Other creditors	16,030	27,069	1
Accruals	16,835	11,063	7,586	9,043
	308,579	280,446	206,S74	139,030

Notes to the Financial Statemen	ts for the Year Ended 31December	2022
	Unrestricted	Total funds at
	funds	31December
	General	2022
Tangible fixed assets	1,903,412	1,903,412
Current assets	378,909	378,909
Current liabilities	308,579)	308,579
Total net assets	1,973,742	1,973,742
	Unrestricted	Total funds at
	funds	31December
	General	2021
Tangible fixed assets	1,467,515	1,467,515
Current assets	483,389	483,389
Current liabilities	(280,446)	(280,446)
Creditors over 1 year	170,000	170,000
Total net assets	1,500,458	1,500,458