Company reglstratlon number 04595454 (England and Wales) Charlty reglstratSon number 1098940 (England and Wales) Heathf ield Educational Trust Annual report and unaudited financlal statements For the year ended 31 August 2025 Heathf ield Educational Trust Legal and administrative infromation Trustees A H Hlggs Mr D Jackson Mr A Barker Country ol Incorporation United Kingdom (England and Wales) f)4595454 Charlty reglstratlon England and Wales 1098940 Reglstered offl¢e Heatlifield School Wolverley Near Kidderminster WorcestÈrshire England DYIO 3QE Independent axamlner DJH Halosowen Llmlted Church (-oui't stourbridge Road Halesoweii Wesl Mldlaiids B63 3rr Heathf ield Educational Trust Contents Page Trustees, report Independent exaininer's report Statement of Ilnènclal activitle5 Statement ol Iliiancial p051tion Notes to the financlal slètements Heathfield Educational Trust Trustees, report (including directors. report) For the year ended 31 August 2025 The trustees present tlieir annual report and Ilnanclal statements for the year ended 31 August 2025. The financiol statenients have been prepared in accordance wltli the accounting policies set out in note I to the financlal statements and comply wlth the charity's governlng docun)ent, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic ol Ireland" and the Charities SORP 'Accounting and Repoitlng by Charities.. Statement of Recommended Practice applicable to charities preparlng thelr accounts in accordance wlth the Financial Reporting Standai"d applicable in the UK and Republic of Ireland IFRS 1021" Objectlves and activities Tlie charity's primary object is Ihe advènceinent of Educatlon, All Its charitable actlvlties f¢)cus on this object and are undertaken for the publlc benellt. Publlc benefit The trustees have pald due regard to guidance iSSLted by the CliarSty Commlsslon in deciding what activities the charity Should undertake. Achlevements and performance Significant actiwltles and acliievements against objectives The charity Pfovldes support to Hpathfield School, Wolverley, and works lo pi'omote Ljducational advancement In the future by rnèklng orants as consldered appropriate by the trustees. Fundp'alslno practlces The chèrity does not carry out signlficanl fundraislng aclivStles addressed to the general public. Flnanclal review Reserves policv The reserve fund repre5entS tlie unrestrlcted funds ariglng from past operatln9 results. The unrestrlcled fLJnds al the end of the year amounted to El,251,864. The Board of Trustees prepares an annual budget Identifylng the operatlng cash flow reqvirements of the charity, ensuring that anticipated income wlll meet these. Perfortnance is monitored on a regular bagis to ensure any departure from budget can be addre55ed wllh appropriate remedial action. Structurey governance and management The charity Ig controlled by its governing document, Its Memorandum and Arllcles, and constitutes a limlted companyi Ilmited by guarantee, as defined by the Companles Act 2006. The trustees, who are 41sQ the directors for the purpose of company law, and who served during the year nd up to the date ol signature of the financial statements were: A H Hlggs Mr D Jackson Mi" A Barker Recruitment and Jppointmcnt of trustees The trustees have considered the skills needed with regards to the yovernènce of Heathfield EdLJ¢atlonal TIu5t and regularfy revlew thls In relatlon to directors In post. Heathfipld Educational Trust actively seeks new trustees whère they would bring addilioiiél expert15e that would be of benellt. The trustees have assessed the major risks to which the ¢harily Is exposed, and are salisfiecl that systems a￿ In plate to mitigate exposure to the major risk5. Organisètlon31 structure A Board of trustees wl)o Iiieet regularly* is In tsverall thorge of the charlty. Heathfield Educational Trust Trustees, report (Including directors, report) (continued) For the year ended 31 August 2025 Induction and training of trustees All new trustees are provided with literature OLltlining their responsibilities and are briefed through Introductory meetlngs about the orgènlsatlc>n and thelr role before they become trustees. The trustees. reporl was approved by the Board of Trustees. Mr D Jackson Trustee Date.. Heathfield Educational Trust Independent examiner's report To the trustees of Heathfleld Educatlonal Trust I report to tlie trustees on my examination of the financlal statements of Heathfield Educational Trust {the charltyl for the year ended 31 August 2025. Responslbllltl¢s basls of report As the trustees of the charlty (and also its dlreclors for the purposes of company law}1 you are responsible for the preparation of the financlal statements In accordance wlth the I'efjulrements of the Companles Act 2006. Having satlsfied myself that the financlal stiltements of the chai'ity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for Independent examlnation, I report In respect of my examlnatlon ol the charity's financlal statements carried out under section l45 of the Charities Act 2011. In carrying out my examination I have followed the Dlrectlons 9lven by the Charity CommlssSon under sectlon 14515llbl of the Charltles Act 2011, Independent examlner's statement I have completed my examln3tion. I conflrm Ihat no matters have come to my attention In connectlon with the examination givin9 me cause to belleve tl)at In any material respect.. accounting records were not kept in respect of the charity as requlred by sectlon 386 of the Companies Act 2006. tlie financlal statenients do not accord wlth those records,. or tlie financlal statements do not comply wlth tl)e aLcountlng requii'èments of sectioti 396 of the Companles Act 2006 other thali any rèquirement that the Ilnancial statements glve a true and falr vlew, which is not a matter considered a5 part ol an independent examination., or the financial statements l)ave not been prepared In accordance wlth the methods and prlnciples of the statement of Recommended Practice for accounting and reporting by charities applicable to charities p￿parIng thelr flnanclal statements in accordance with the Financlal Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102), I havè no concerns and have come across no other matters In connecllon wlth the examinat¢on to which attention should be drawn In thls report In order to enable a proper UT)derstandlng of the flnanclal Statements lo be reacl)ed, DJH Halesowen Llmlted Church Court stourbrldge Road Halesowen West Midlands 863 3Tt Date.. l) J V)b6, Heathfield Educational Trust Statement of financial actlvltles Including income and expenditure account For the year ended 31 August 2025 Vnrèslrltted funds 2025 Vnre9trlcted funds 2024 Notes Income and endowinents from: Investments other Income 33,283 34.152 720 Total Income 33.283 34,872 EKpenditure on: Charltable activities 43,540 44,496 Total expeiid5ture 43.540 44,496 Net gainslllossesl on investments 155,6921 S4,149 Net Inconiel{expei7dlture) and movement in funds IS5,9491 74,525 Reconciliation of funds.. Fui)d balances at I September 2024 1,251,864 1,177,339 Fund balances at 31 August 2025 1,185,915 1,251,864 The statement of financial activitles Includes all gains and losses recognised In the year. All Sncome an expenditure derlve from continuing activitles. Heathfleld Educational Trust statement of flnancial position As at 31 August 2025 2025 2024 Notes Cui'rent assets Dtsbtor% Investments Cash at bank ènd In hand 2,405 1,165,778 90,57LI I,iio,oos 80,778 I,J90,864 1,2511,761 Credltors: amounts falllng dLIè wlthln 01)e year 14,9491 {6,8971 Net ciirrent assets 1,185.915 1,251,t164 Tlie ftinds of tlie ¢harlty Uiirestrlcted lunds 1,185,915 1,251,B64 1.195,915 1,251,8G4 Tl)e company Is enlllled to tl)e exeiiiptloii froni Ilie au(Jlt requlremenr c()ntJli)ed It) spctlon 477 ol tlie Companles Act 2006, for the yeai. ende(l JI Aiigiisl 202J. The dlrectors ackrtowleoge theSr respoi)slbllltles for complylng iyltl) the requlrements of the Companies Art 2006 wltli rospect to accourjtlno I'ecords and tl)e preparfltlon of fin¢inclal statemenls. Tlie members l)ave not requlred ihe conipany to obtoln an audlt ol Ils financlal statements lor tlie year In quesllon In a¢coFd4nce iylth secllon 476. These flnaiiclal statemènts liave beeii prepared In a¢cordance wl¢li the provlslons appllcablp to conipanles siibjecl to the small companleg reylme, Tlie flnancial statements were approved by the Iruslees on Mr D Jacksoh Trustee 94.G.2 Heathfield Educational Trust Notes to the financlal statements For the year ended 31 August 2025 Accfjunting policles Charlty Informatlon Heathfield Educational Trust1$ a private company Ilmited by guarantee incorpoi'ated in England Wales. The reglstered office is Heathlield School, Wolvei"leys Near Kiddermlnster, Worcestershlre, DYIO 3QE, Englènd. 1.1 Basls of praparatlon The financial statements have been prepared in accordance with tho charity's governing document, the Companles Act 2D06, FRS 102 °The Fii)anclal Reporting Standard applicable in the UK and Republlc ol Ireland and thè Charitles SORP 'Accounting and Reporting by Charitles.. Statement of Recommended Practice appllcable to chorities prepbring their accounts In accordance with the Flnanctal Reporting Standard appllcable in the UK and Republlc of Ireland {f RS 102). The charity 15 a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provlglons In the SORP for chai'ities not to prepare statemellt of cash flows. The financial stètements al'e prepared iii steillngi which Is the functlonal currency of the rharlty. Monetary amounts in these financial statements are rounded to the i)earest £. The financlèl slateinents have been prepared under the historical cogt tonvention. The prfncipal aLcounting policies adopted are set out below. 1.2 Golng concern At the time of approvlng the financlal statements, the trustees have a reasonable Èxpe£tation tliat the charity hès adequate resources to continue In operatlonal existence lor the foreseeable future. Tlius Lhe trustees continue to adopt the golng concern ba515 of aciounting in preparlng the Ilnancial statements. 1.3 charltable funds Unrestricted funds aro avallable for use at the dlscretlon of the trustees In furtherance of thelr charitable objectlves. 1.4 Intomé All Income Is recognlsed In the Statement of Financial Activitles oTrce the charity has entitlement to the funds, It is prohable that the Income will be recelved and the amount can be measured reliablv. Income represents donatlons recelved, fees lor charitable acllvities atbd licence5 fees recelved. 1.5 Expenditure Liabilities are recognlsed as expenditure as soon as there is a legal or constructive obllgatlon committing the charity to that expenditure, it Is probable that a transfer of economlc benefits will be required in settleirent and the amount of the obligatlon can be measured reliably. Expenditure Is accounted for on an accruals bas15 and has been classlfled under head>ngs that aggregate all cost related to the tategory. Where costs cènnDt be directly attributed to particular headings they have been allocated to aclivllies oli a b351s consistent with the use of resources, Grants offered Subject to conditlons which have not been tnet at the year end date arè noted as a commitment but not accrued as expenditure. Baslc Ilnanclal assèts Debtors ènd olher debtors are recognised at the settlement amount due. Prepayments are valued at the amount pi"epaid. Heathfield Educational Trust Notes to the financlal statements {contlnued) For the year ended 31 August 2025 Accountlng policies (Contlnued) Baslc financlal liabilltles Creditors and provlslons are recognised where the trust has a pi'esent ob15gatlon resultlng from a past event that wi15 probably result in the transfer of funds to a thlrd party and Ihe amount due to setlle the obllgation can be measured or estlmated rellably. 1.6 Taxation The charity Is exempt from corporatlon tax on its charitable actlvitSes. 1.7 Employee beiief4ts The cost of any unused hollday entltlement Is recognised In the perlod In whlch the employee's services are received. Termlnation benefits are recognised Immedlately as an expense when the chbrity is demonstrably committed to terminate the employment of an employee or t(& prtsvide terinliialion benefits. 1.8 Investments Investments are slated at falr value, belng market value at thÉ L)alance sheet date. Income from Investiments Unrestrlcted Unrestrlcted fuiids funds 2D25 2024 other income Interest receivable 33,281 34.056 96 33,283 34,152 Net movement In fund5 2025 2024 The net movement in funds is stated after charging/lcrediting): Fees payable for the Independent examination of the charity's financial statements 2,520 2,603 Tru$tee$ None of the trustees {or any persons connected with them) recelved any remuneratlon or beneflts from the charlty during the year. Taxatlon The charsty is exempt from taxattoii on its activities because all It5 In¢ome Is applied for charitable purposes. Heathfield Educational Trust Notes to the financial statements (continued) For the year ended 31 August 2025 Debtors 2025 2024 Amounts falling due within one year: Trade debtors 2,405 Current asset investments 2025 2024 Unlisted Investtnents 1.110.086 1,165,778 The investments are stated at thelr falr value at the balance sheet date. Creditors: aniounts falllng duè wSthln one year 2025 2024 Trade creditoi'g Other creditors Accruals and deferred In¢tsme 2.579 4,527 2,370 2,370 4,949 6,897 Unrestrlcted funds The unrestrlcted funds of the charity comprise the unexpended balance5 of dollatlons and grants whlch are not subject lo specifie conditions by donors and grantors as to how they may be used, These Include deslgnaled funds which have been set aside out of unrestrlcted funds by the trustees for specifit purposes. Ati September 2024 Incomlng resource$ Resources exponded Galns and At 31 Auyusl losses 2025 General funds 1,251.864 33,203 143,5401 155,6921 1.185,915 Prevloy$ year: Atl Septemts*r 2023 Xncomlng resources Resour¢es exp8nded Galns and At 31 August 1055es 2024 General funds 1.177,339 34,872 (44,4961 84,149 1,251,864 10 Related party transactlons Tl)cre were no (Jisclosable I'elated party transactions dui'lng the year (2024 - nonel.