2023-12-31-accounts

IAL ATEMEN EAR ENDED I DECEMBER 20 Registered Charity No: l 112773 Pa Statutory Inforniation Report of the Trustees Audit Report Statement of Financial Activities io. Balance Sheet 11. 17. Notes forming part of the financial ststements

EDWARD HEATH CHA TRU TEES. RE RTANDA UND UN Trustees: Mr L Sellgman Mr J Elder Colonel G MacDougall Mr E Bickham Mr P Batey CMG OBE (Chalmian) Mr A Teasdale Mr M Mcmanus The Lady Susan of Mar {RetFred 27th January 2023) Mr L AustSn Mr N Cannichael Offlcers Manager Mr I Smlth MPJCS Addréss: Arundells 59 The Close Salisbury SPI 2EN Advisers Auditors.. Fletcher & Pathers. Crrswn Chambers. Bridge Street, Salisbury SPI 2LZ Bankers: NatWesL 48 Blue Boar Row, Salisbury, SPI IDF Sollcitors.. WSlsons Sollcltors LLP. Alexandra Hou*. St Johns Street. Salisbury. SPI 2SB Regl$tered Number Charlty No.. 1112773 Pa9e 1

DHEA STEES. REPORT AND A UNDA UNTS TR srRucfuRE, GOVERNANCE AND MANAGEMENT Introdu¢tlon by Peter Batey CMG OBE, Chalrnian 2023 was a year of progress. The Foundation's operating income from all of the three key income streams; the sale of admisslon ttckets to Arundells, net proceeds of FOUnda￿On events held at Arundells, and other venues, and revenue from third parties hiring the house or garden for their own events, continued to increase. The Foundavon now has a wide and varied series of lectu￿, seminars, MU￿[￿1 reritals and theatrical and opera￿C perfomiances, as well as other social events, throughout the year. The Foundation's annual Edward Heath Lecture. the centrepiece of our year, was again held In Sallsbury Cathedral, with David Dimbleby, the distinguished journalist and broadcaster. as the speaker, In May 2023. 2023 was a key year In the Implementstoon of our'Arvndells -Fit for the Future. pr(NJromEne. Through this, we are working to improve the interpretrdtion tsf the house and colleLtion and their accessibility. tM)th physically and intellectually, to the public. We are also reaching out to the local commun￿, especially disadvantsged groups, where we think we can make a contrfbuuon to the quality of their lives. The Trustees are immensely grdteful to the Nati(>nal Heritage Lottery Fund for thelr generous support. without whith this work would not have been possible. The Foundatyon has also contlnued to broaden tts work beyond Salisbury and Wiltshire. The Edward Heath Universrty Lectu￿$ series cononues and we have now hel¢J leLtures at Nottingham. Newcastle and Edinburyh universib.es and at King's College, London, and wlth more planned. In 2023, we prepartd for the launch of the Edward Heath Academic Forum. to ￿ jointly chaired by Professor Tim Bale and Tom Chidwick, with a seminar at Queen Mary College, London in 2024. 2023 a19) saw the launch of our first event, we hope the first of many. in BTDadstrdif5. the town where Sir Edward Heath was born and grew up. This was led by Gyles Brdndreth. who subsequently agreed to become our Honorary Chairnian in succession to Lord MacGregor of ￿lharn Ma￿et. We are defighted to welcome Gyles and to thank Lord (John) MacGregor, and Indeed Lady MacGregor. most wamily for their kind supp)rt of the Foundation over tllany years. We a￿ pleased that John has a￿pted ¢Jur invitation to become an Honordry Vice President, under the leadership of our Prestdent, Sir John Major. We look forward to the futu￿ with 1￿c￿51n9 Confiden￿ but recognise that our progress has been achieved only with the hard work and support of our wonderful {and growing) team of volunteers and our e%￿lIent stsff. My fellow trustees and l are most grdteful to them all. Peter Batey. CMG, OBE Executive Chairman Govemlng Document The Foundation was established under the will of the Fknght Honourdble Sir Edward Heath KG M8E proved In the High Court of justi￿ on 18th Janvary 2006, as amended by a Dee(l of Amendffent dated 1st February 2007. Appolntmenk Tralnlng and Indurtlon ol Trustees The Trustees have the power to appoint new Trustees and when making any apwintments the Trustees havè regard to the requirement for special ski115 and the needs of the fourKJation. New Trustees are made awa￿ of their legal obligabons under charfty law and the aims and objecbves of the charfty. OrganIsatlon The Trustees admSnlster the tharSty and have regular meet(ngs. whith cover matters relatlng to the administration and managing of the trust. Risk Managémènt The charity has apprdised tts risks. The key headings under whlch ￿Sk$ fall have been Identlfled. and worf( Con￿nueS to be done to ensure that adequate controls exist to mity.gate the effect of those identified risks. Page 2

WARD HEATH CHARETABL TR TEE 'REP T ANDA OUNDA Objects and aetiviti¢s of the Charlty The prfndpal aCtIv￿e$ of the Charity are: The preservaty.on for the public benefft of Anjndells and its associated amenlUes as a buildlng of both specSal archltettural and hlstomcal Interest being the home of Sir Edward Heath. The p￿ervatIOn of the furniture, ￿ctU￿5, and memorath'lia ordinarily kept at Arundells and the adminlstration. maintenance and preservation of his papers relating to his life and career. The advan￿ment of educatitsn through acce5S to Arnnddls and S￿dY and researth of hls papers. The advan￿rnent of edtjcab.on to the public In the a￿stIC appreaèuon of musio Such Other purposes whlch are exclusively charitsble according to the law of England and Wales. In setting our objecknves and plannlng our activities the Trustees have given careful consideratkn to the Charity Commisslon's general guidall￿ on public benefit. Review ol actl¥ltles In 2023 Vlsltors Another very positive year ft)r the Sir Edward Heath Charitable Foundab"on, wth a conb"nuing and healthy Increase In vlsltor numbers to Arundells, Sir Edward's former home in Salisbury. There 15 no doubt that the sustained FK)St Covid increase in visitors has provided great encouragement to all Involved wlth the management and opening of Arundells,. b￿Stee$, staff and the many volLrnteers who so willingly give up so much of thelr time to allo%Y the house to be opened to ViStt<Ks on six days per week for the bulk of the calendar year. Free entry continued to be provided for members of HiSt0￿C Hovses, with dlscounts for Arts Fund members, Blue Ught (emergency services} and Defern￿ Scheme card holders. and visitors tsklng part in the Gardeners Worfd Magazine 2 for l offer. Those travelling by South Western Railway have also been admitted at a discount, and 2023 saw English Heritage members also being provided with discounted entry. The strong additional marketlng platfoms created by these reductions has helped to pn)mote Arundells to wider audien￿. attraLting mtsre visitors and thereby playing an Important role In securing this continuing upward trend. Events A wide range of events have taken place throughout the y&3r and Awndells has b￿rne known as a local venue that conslstently dellvers a varfety of hlgh qualty Con￿rtS, garden theatrical productjons, tslk5. leclures and seminars. The 2023 progrdmme included concerts played upon Sir Edward's Stelnway Piano by Clara Rodriguez, Domlnic Sellgman, and Rosemary Tud(. A popular evening of foot tapping jazz music delivered by Jame5 Emmett's Ragtlme Revellers, and the hosting of outdoor theatrical produttions that induded Twelfth N￿ht, Robin Hood, and The Wizard of 2023 also saw - ft)r the very first time at Arundells Penzance by'opera Anywhe￿,. lively production of Gilbert & Sullivan's The Plrates of A wide array of talk5 and lertures - held at btsth Arundells and other venues within Salisbury - have Induded.. The Last Overtand with documentary film maker and presenter. Alex Bescoby, tellin9 the remarkable story of the rEcreation of the IconSc 1955 first Overland expedition,. My Personal War with Tr￿tsn by Bill Browder, the financier, author and activist- Britain and the Space Race with Lord David Willetts. Unmasking our Leaders, with well-known Joumallst and political commentator, Mlchael Cockerell; Watejlw uncove￿￿, a tslk by Mark Evans about a world dass archaeology project acmss kne battlefield of Watertoo. dosely linked with military veteran care and ￿very. The annual Mornlng Cloud SallSng Talks - remembering Sir Edward's signifi(znt achievements In the worl(J of ocean raclng - took place in Ortotr, with a fascinating talk by Andrew Campbell about'operatyon Pedestal'_ the August 1942 convoy to relieve Malta - and Peter Forbes enthralling the audien￿ with both his childhood expertenw or learning to sa51 a Felucca on the Rlver Nile, and his arc￿M￿avigatIOn of the globe in retirement. It was a particular pleasure to welcome HIS EX￿llenCY Miguel Berger, the Gemian Ambassador to the United Klngdom, to the Gulldhall Sn Salisbury to talk about The UK and Europe and how to strengthen the partnership with Brussels and Berlln. Our thanks to him for supwrtyng the FoiJndaty"on in this way. Page 3

WARD ATH TEES, REPORT AND AC UNDA OUNT Revlew of a¢Uvltle$ In 2023 - ConL A panel discussion held within the garden on a wami summer evening - focussed upon the toplc Brftaln & Europe 1973 to 2023 What might have been? The highly experienced panel, comprising Sir David tidington. Philip stephens, Sir StepNen Wall and Lord (Roger) ￿ddle, collecvvely provlded a sty"mulatsng dlscussSDn and with many thought provoking quesbons from those attending. Sir Anthony Seldon leadlng contemporary historian, educatlonalist, commentator and political author- enthrélled sellout audien￿ with a tslk titled 300 years of British Prime MinisteT5- the Gt)cxJ the Bad and the Ugly and the Rt Hon Toblas Ellwood. former Chairrnar) of the House of Cornmons Defen￿ Sel&t Committee, gave a tslk A New Worfd Order. The 5Sr Edward Heath Annual letture was again a highlight of the year. It was a prfjvllege to welo)me Davld Dlmbleby, the well-known journalist and broadcaster, to srwk in Salisbury Cathedral. His tslk, tived Political Interviewing.. Not the ansv4ers you knl; the quesbons I was expertly compered by Gyles Brandreth, Honorary Chairman of the Sir Edward Heath Charitable Foundation. with Carolyn Qltlnn and Lord (Mlchaell Dobbs acbng as discussants and responding to the many audien￿ questions that arose. The newly extended and refurbished'studio. Exhibition Room at Arundells has provlded a very pracbral and highly effecuve space for smaller scale talks, recitrdls, meetings and workshop5 throughtsut the year, and we are very grateful tts Wilsons, solic(tors, for sponsoring all the events taking pla￿ within this important building. The hlre of the house and garden The pea￿ful and secluded garden at Arundells trRsts beautfjful lawns, fine vlews and rtver frontsge. Considerable rcylation Spa￿ - combined with a large marquee- makes tt the perfect venue for drfnks pa￿e$, lunches, dlnners and other s￿la1 gatherfngs. The Dlnlng Room at Arundells is also available for besk%)ke lunch and dlnner parues and 2023 again saw this beautiful room hlred for pdvate events. There has been welcorne intrease in the level of Interest Sn hlrfng Anjnddls by both kxal busine￿seS and for prtvate famlly ￿lebrats"ons. The NatKonal Lottery Herltage Fund 'Arundell$ - Flt for the F￿￿re. Projert 2023 saw the condusioo of the National Lottery Heritsge Furkd PTDiett Arundetls - Fit for the Future. Thls hlghly successful endeavour has undoubtedly helped the Foundation to idenb.fy areas for development and improvement, and to lay the footings for a strong sts3tegic pathway going fotward Into the future. The estsblishment of stronger (and wlder) practical links with the local communlty was ￿ntral to ljie Suc￿$ of the project, as well as the more detsiled identification of oJ￿t aUdIen￿ ¢Jemographics and opportunities to engage with new audiences. Piano lessons for child￿n frL)m local schools In Sallsbury have been estsbllshed and these conbnue, The Foundation's organlsational strurture has been reviewed and work to create a ￿$111ent corporate tramework Is now underway. New brdndillg and proMO￿onal materfal, stronger Ilnks to sch¢))Is and the development of ￿vrational opportunifjes for as wide a cros5 secton of learners as wssible. The magnificent and varied collethon at Arundells, and how to better present or Interpt thi5 wonderful a55et to vSsStors for enjoyment, interest and inftsm)ation, has been explored. Lots of Ideas have emerged, wlth some new Interp￿tatIve all-weather. outdoor panels and improved show room visitor information sheets, introduced. An undoubted hlghlight has been the creation or the Arundells Community Garden . A ￿lIab)rat￿ve partnershSp wlth Alabare land the'600ts on the Ground. team of military veterans) and the Wiltshire & Swindon Sport5 Partnership. The garden is flourishing and has brought a great deal of enjoyment. scMJal engagement and therapeutyc benefit to those Involved - from Ini￿al creation to ongoing development. A number of people - ranging from stsff and volunteers to ￿nSultants and the lThste&s of the Foundation - played a slgniflcant part in colleLtively exploring new ideas and c￿tift9 plans for the futu￿. Sin￿re thanks a￿ due to all involved, and to the Nab"onal Lottery Heritage Fund for their financial 5UPPOrt and encouragement Page 4

R EDWARD HEATH CHARIT E FOUND RT AND ACC REN NTINUED Revlew of artlvltles In 2023 - Cont. Broadstalrs Sir Edward Heath was bom Sn Broadstairs in 1916. The trustees are keen to build upon the Foundation's Ilnk with thls well-known sea side town in Kent and to the Important part that it played in Sir Edward's Ilfe. Gyles Brandreth klndly brought hls new one-man show to the SaTrh Thome Theatre in Broadstsirs in support of the Foundation in July. This was an extremely wpular sell out event and lJ)anks are due not only Gyles, bLrt a150 to the people of Broadstairs for their enthusiasty"c support. The Unlversity Lecture Programme The FoundatSon has conty.nued trs work dosely wSth a number of unlverslt(es across the UK to develop an ongoing serie5 of lectures and seminars f￿Sed upon Sir Edward Heath's political legacy. The lessons to be learned from politycal career which (x)vered the second half of the 20th Centttry. and hts perlod as Pmme Mlnister from 1970 to 1974. In June 2023, Lord (Michael) Heseltine and Lord (Kenl Clarke were key parbopants at a well-attended event hosted by the Foundatlon and the Strand Group at Klngs College In London, and tiued Memories of Govemment- and Britain's membership of the EU. Thank you The trustees of the Foundation hugely appreciate the ongoing support and help glven by the many volunteers who make It possSble to not only open Arundells to vlsitors, but to stsge a full and Va￿ed events progr3mme and to achieve numerou5 collection care and assoaated conservation tssks throughout the year. Their enthusiasm is tireles5. pa1￿CUlar thanks to the small nucleus of volunteers who help withln the garden at Arundells on a regular weekly basls. They have grown in number over the last two years awwj pry)vide invaluable as5istan￿ a wide range of tasks. Plan$ for 2024 The house, garden and wlleLtion will continue to be available for visitors to explore and enjoy on a free flow or guided tour basis In 2024, and wlth an experted rise In the number of vlsttors durfng the year. Opportunities for both corporate and private hire will gmw, and the Arundells events programme will conknnue to expand. An even more extensive and wide rdnging series of talks. lettures, concerts, theatrical produrtions, behind the s￿ne$ conservation tour5 and other acUvlties wlll be in eviden￿, with some of these events belng held, for the first time. in January and February. The Sir Edward Heath Annual Lerture H M Queen Ellzabeth II . Her tife. Legacy and seThI￿ to Britsin will be held In 5allsbury Cathedral, with a diverse and wdl informed panel of dis￿sSants led by Gyles Brandreth. The subrnission of an applScatlon to the Arts Councll England for Arundells to be granted Ac£Tedited Museum status. If successful, Accreditstion will be a clear and noteworthy benchmark recogn￿0￿ of how well the diverse culle¢tign of art work. chattels and memorabilia is rnanaged, conserved and made available to a wlde audien￿ for enjoyment, Informaty"on and educauon. 2024 will see the launch of the Edward Heath Academic Forum,. a new ne￿¥ork aimed at encouraglng study of the politlcs of the 1970s. The launch wlll be ￿lebrated at an event to be held in February in ctsnjunction with the Queen Mary University of London and tiUed= Who Governs? Not you! 50 years Sin￿ the 1974 elertion. Speakers will include Dr Robert Saunders, Lord (Robin) Buuer. and Sat7 M0rri9)n (Vi￿-chaIr of the Conseryative Party 1971 to 1975). The University Lerture progrdmme will continue to build, and with a keynote event taking place at the University of Ulster, In Belfast, In May. Thls w511 be held in conjunthon wlth the John and Pat Hume Foundation and examine the 50th Anniversary of the Sunningdale Agreement. A wlder r3nge of Broadstslrs based acbvities are also belng planned, building UFX)n the sU￿$S of 2023 and with the possibility of a *lection of Ilterary events, a theatrical produLtion of Maggie and Ted {a play written and produced by Michael Mcmanus) and another highly entertaining perforrnaft￿ by Gyles Brandreth. The trustees, siaff and volunteers are all confldent that an exciting 2024 lies ahead.

WARD TR STEES. HARITABLE F DED MBER 2 Flnanclal Revlew Visitor income InC￿aSed to a totsl of £64,785 (2022- £57.5221. The charity re￿iVed donations of £170,593 {2022.. £115,593), £51.491 of which were for ￿$tritted purFX)ses {2022.. E49,951). The charity also generated Income of £67,665 {2022: £63,272) from runnlno other events. Income in 2022 also Induded £3,167 Sn govemment grants and an Insuran￿ claim ￿la￿ng to the Pdll in Income over the pandemic toialling E24.875. Expenditure Increased to 344,424, of which £52,227 related to fvnded projert costs. Totsl expendItU￿ In 2022 was £325.770, of whith £49.951 relates to funded project costs. Overall the￿ was a net 105s in funds of £23,780 compared with a 1055 of £49,042 In 2022. The charfty had no restricted funds at the year en¢J. Unrestricted funds ¢Jecreased to £4.112,060. The fixed assets total £4,166,114 of which the vast majority arnounting to £4.145,494 a)nsist of Arvndells and Its contents. This therefore leaves £18,852 of unrestrirted fvnds for the chartty's athvlb"es. Includlng the malntenance of Arundells. Investment Powers and Pollcv The charity has the Fxjwer to invest in any way the Trustees see fft. The chartty's investments are, lTrowever, minimal. Reserves Policy The Trustees, pollcy is that the charity's free reserves (that is, exdudlng Awndells and contents) should not be allowed to fall to a level which would Imperfl an orderly Closu￿ of the charity's operations. TRUSTEES RESPONSIBIUTIES IN RELATION TO THE FINANcfAL STATEMENTS The law applicable to charlties requires the Trustees to prepa￿ finanaal statenients for each financial year which give a true fair view of the charity's finanaal activitie5 during the year and of its financial position at the end of the year. In preparing the financial statements giving a twe and fair view. the Trustees should follow best prattSce and: • select suStsble accountlng t4)Ildes and then apply them conslstently. Make judgements and esbmates that are reasonable and prudent. State whether appllcable accountyng stsndards and statements of ￿mmended prathce have been followed. subject to any departures disclosed and explained in the finanaal statefftents.. and Prepare the financial strdtements on the going Con￿rn basis unless it is inappropriate to presume that the charfty w511 Con￿nUe in o￿Tr￿"0n. The Trustees are responsible for keeping accounting record5 which disdose with reasonable accurdcy the finan￿al position of the charity and which enable them to a￿￿ttIn the finandal posltlon of the charfty and which will enable them to ensure that the nnanoal statements comply with the Charits'es Act 201 L, the Charlty {Accounts and Report) Regulations and the provision5 of the trust deed. The Trustees are responsible for safeguarding the assets of the charity and hence for taking wsonable steps for the preventlon and detectlon of fraud and other Irregulart￿eS. Approved by the Trustees and signed on thelr behalf Peter Batey CMG OBE- Chaimian Date.. 28 October 2024 Page 6

DEPENDENT A DITO DWARD HEATH RTT ETR HA UNDATION Oplnlon We have audited the financial statements of The Sir Edwar¢J Heath Charitable Foundation for the year ended 31 December 2023, which comprfse of the Statement of Financial Acttvities, the Balantr Sheet and the rtlated note5. The flnancial reporung framework that has been applied in their p￿paration is applicable law and United Kingdom Accounting Standards, induding Financial Repo￿n9 Stsndard 102.. The Finanaal Reporting 5tsndard appllcatile In the UK and Republic of Ireland {United Kingdom Generally A￿pted A(rnunting pract1￿). In our opinion the finanoal statements- give a true and fair view of the State of the (harity's affair5 as at 31 D￿rnber 2023, and of the Incomlng restsurces and appllcatlon of resources for the year th￿ ended,. have been propedy prepartd in aecwdan￿ with United ￿n￿10M Generally Accept￿1 Accounting Prnctice,. have been propedy prepared In accordan￿ with the Charities Art 2011. Basls lor oplnlon We conducted our audlt In accordan￿ wlth Interna￿Onal Standards on Auditing{UK) (ISAslUKI} and applicable law. Our responsibilities under those standards are further described in the Auditors responsibllities for the audlt of the financlal statements section of our report. We are independent of the charity in accordantr with the ethical requ1￿ments that are ￿levant to our aud￿ of the finanaal ststements in the UK. including the FRCS Ethical Standard. and we have fulfilled our other ethical responsibilities in accordan￿ with these ￿QU1￿Ments. We believe that the audit evidence we have obtained is suffiuent and appropriate to provlde a basis for our opinion. Concluslons relatlng to golng Cofbcern In audlting the financial statements, we have concluded that the dirertor5' use of the golng con￿rn basls of accounting in the preparation of the finanoal statements is appropriate. Based on the wot1( we have perfornied, we have not fjdenufied any Mate￿al uncertainties relating to events or condI￿On$ that, individually or collectively* may cèst significant doubt on the Charity's ability to conty.nue as a golng con￿rn for a period of at least twelve rnonths from when the financial statements are authorfsed for Issue. Our responsibilities and the responsibllities of the Injstees with respect to going cOn￿M are descrlbed In the relevant sectlons of thls ￿pOrt. Other Inforn?atlon The trustees are responslble for the other Infomiauon. The other infomiation comprises information included in the annual report, other than the financial ststements and our auditorfs report thereon. Our opinion on the financial statements does not cover the other inft)rmation and, ex￿pt to the extent othetwlse expllcldy ststed In our report, we do not express any fomi of assuran￿ conclusSon thereon. In connection with our audit of the finanoal ststements. our ￿ponsIbIlity is to read the other infom)ation and, in doing so, conslder whether the other Inforn)ation is rnaterially inconsistent with the finandal statements or our knoWI￿ge obtalned in the audit or othen¥ise appears to be materially mtsststed. If we identify such material inconsistencies or apparent material misststements, we are reouired to deterTnine whether there is a material misstatement In the financial siatements or a material misstatement of the other inft)rmab"on. If, based on the work we have performed, we conclude that there is a material misststements of thés other infomiatSon, we are requlred to retK)rt that fart. We have nothlng to report In thls regany. Page 7

ENT AUDIT ' REPORT TO Matters on whlch we ar• r•quirnd to report by excepllon In the1Sght of the knowledge and understsnding of the charity and its envlronment obtained In the course of the audit, we have not identified materfal rnissiatefftents in the trustees annual report. We have w)othing to ￿port in re5pett of the following mattets in relation to which the Charities Act 2011 requlres us to ￿port to you If. In our oplnion: sufflc(ent accountlng records have not kept; the flnanclal Strter￿n￿ are not in agreement with the accounting records and returns; or we have not obtslned all the infonnation and explanab.ons ne￿Sary for the purpose5 of our audit. R•sponslbllltles of Trustees As explained more fully Sn the Trustees, Responslbllity Statement, the tsustees are responsible for the preparation of the financial statements arnd for being satisfied that they gtve a tnje and fair view, and for such Intemal controls as the trustees determine is n￿sSary to enable the preparatron of the financlal statements that are free from material misstrdtement, whether due to fraud tsr emr. In prepartng the financial statements, the trust￿ are responsible for assessing the charity's abilty to continue as a going concern, disclosino. as appl(cable, matters ￿lated to going cOn￿M and using the goSng concern basls of accounting unles5 the trnstees either intend to liquidate the charity or to cease operations. or have no realistic altemative but to do so. Audltors respon$lbllltles for the audit of the financial statements Our objectives a￿ to obtsln reasonable assuran￿ about whether the finanoal statements as a whole are free from material mi55tatement. whether due to fraud or error, and to issue and auditovs ￿port that Includes our oplnlon. Reasonable assurance is a high level of assuran￿. but is ttot a guarantee that an audit conducted in accordance wlth ISA5 (UK) wlll always detert a matetial misstatement when it exists. Misstatements can arise from fraud or error and are considered material Sf, SndivSdually or In aggwats, they could reasonably be expected to Influence the economic decisions of users trdken on the basis of these financial SLatements. We exercise pmfesslonal Judgement and maintain professional xeptlasm throughout the audlt Irregula￿tIeS, Includlng fraud, are Instances of non-complian￿ with laws and regulatsons. We design prr￿edureS in line wlth our responsibili￿e$, outtlned above, to detect material mlsststements respect of SrregularfVes, Includlng frdud. The extent to which our prc￿edU￿$ are £apab5e of detecting irregularities, induding fraud is detslled below: We ensured the engagement team collectively had appropriate Competen￿ an¢J capab511￿es to recognise non- compliance with applicable laws and regulations. we identtfied the key jaws applicable to the tharity as those established In the Charity's constitution and wider Charity law. empknyment law and Health and Safety regulations. We assessed the susceptjbillty of the charity's accounts to material mls-statement by maklng enquiries of managemellt and ￿VIewIng intemal controls. A further description of our responsibilities for the audit of the finanaal ststements is located on the FRC website I www.frc.ory.uvauditor5respons4bilitie5) This description forms part of our auditors reporL Thls report Is made solely to the charity'5 trustees, as a body. in accordan￿ with secbon 144 of the Charities Act 2011 and regulatlons made under secbon 154 of that ACL Our audlt wot1( has been undettsken so that we mlght state to the charity's trustees those matters we a￿ reqUI￿d to state to them in an auditor's report and for no other purpose. To the fullest extent pertnitt&J by law. we do not 3￿pt or assume responsibility to anyone other than the chaAty and the charfty's trustees as a body, for our audit wort. for thls re￿rt. or for the opinions we have formed. Fletcher & Partners Chartered Acc(>untants and Stabjtory Audttors. Crown Chambers, Brfdge Street, Sallsbury, SPL 2LZ Fletcher & pathe￿ is diglble to act as an audltor In temis of s￿n 1212 of the Companles Act 2LNJ6. p￿e8

ATEME F FINAN Unrestrictaj Funds 2023 Restrlcted Funds 2023 Totsl Funds 2023 Totsl Funds 2022 Note INCOME FROM: Donations National Lottery Heritsge Fund Grant Other Ck)nations 49,951 14,540 49,951 120,097 49,951 65,642 105,557 Investments 80 80 Charlt•ble actlvltles Visitor income Visitor merchandise incfjme Events Sundry incotne 64,785 8,CX)3 67,655 i.OS6 64.785 8,003 67,655 1,056 57.522 3,163 63.272 2,928 Other tradlng activ5tles PNvate lettings 8,897 6,897 6,726 Other Income Government grants Insurance dalms 3,167 24,875 TOTAL INCOME 256,033 64.491 £ 320,524 277,326 EXPENDmiRE ON: Charltable a<ti¥ltles 291,697 52,727 344,424 325,770 TOTAL EXPENDrnJRE 291,697 £ 52.727 £ 344,424 325,770 Net galn / (lomes) on Investments 120 120 15981 Net incomellexpenditure) Transfer5 between funds (35,544) 12,5(X) 11,764 (12,500) (23.780) {49,0421 NEf MOVEME14T IN FUNDS 123,lJ44) (736) (23,780) {49,042) Total fvnds brought forvlard £ 4.135,104 736 £ 4,135.840 £ 4,184,882 Total funds earrfed fonvard É 4,112,060 £ £ 4,112,060 E 4,135,840 The notes on pages 11 to 17 fom part of these accounts Page 9

ARD TH CHARrrABLE F HEE NDATI R THEY 2023 2022 FIXED ASSETS: Tanglble Assets Herttage Assets Investments 19,334 4.145,494 1,286 24.097 4,142,511 1,165 4,166.114 4.167,773 CURRENT ASSETS: stock Debtors Cash at bank and In hand io li 5,889 25,781 7,109 24,512 32,796 38,779 57,308 LIABILMES.. CREDITORS: Amounts falllng due within one year 12 19,927 16,335 NET CURRENT ASSETS 18.652 40,973 TOTAL ASSEfs LESS CURRE1￿ LIABILMES 4,184,966 4,208,746 NON-CURRENT LIABILITIES Loan 13 72,906 72,906 TOTAL ASSFts £4,112.060 £4,135,840 THE FUNDS OF THE CMARrrY: Unrestrfcted funds - General Fund Restricted funds 4,112,060 4,135,104 736 TOTAL CXARrrY FUNDS £4.112.060 £4,135,840 Slgned on behalf of the 8oard of Trustee Peter Batey CMG 08E- ChaIm￿n 28 Ortober 2024 Approved by the Trustees: The notes on pages 11 to 17 form part of these accounts Page 10

EDW MING PART RTHE HA F THE FINANCIAL STATE I. PRINCIPAL ACCOUNTING POLICIES Basls of Accounting The financi215tatements of the Charity are prepar8J In aC(X)rdan￿ with the Accounvng and Re￿)rtIng by CharSties- Statemeat of Retts[nm￿ded Pra£t)￿ applicable to charities preparing their acwunts in accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 published on 16 July 2014, the Financial Reporknng Standard applicable in the UK and Republlc of Ireland (FRS 1021 and the Charities Art 2011. No adjustrnents were required as a result of the transluon to these skndards. The financial statements have been prepared under the historical cost conVen￿On with Items recogni5ed at ￿5t or transattion value unle55 otherwlse stated In the relevant Dotes to these accounts. The charity constitutes a public benefit erttyty as defined by FRS 102. There are no Ma￿al ￿n￿rtaIn￿e5 at¥)ut the charity's ability to continue as a going Con￿rn. see nots 15 for further infomation. b. Fund Structure un￿StrICted funds o)mprise those funds whicti the trustee5 are free to Use in accordan￿ wlth the chadtrble objects. Restricted funds are funds which can only be used for particular purposes within the objetts of the Trust. Restriction5 arise either when they are speafied by the donor or when fijnds a￿ ralsed for a speclfic purpose. Income Voluntary income induding donations. gifts and 1gJacles and grants that provide o)re funding or on oeneral nature are recognised where there Is en￿tleMent. certainty of ￿elpE and the amount tan be measured with suffldent rellabillty. sitor income is recognised at the date the visit takes pl￿. DerA)slts wlved In advan￿ are treated as defe￿ed income In the accounts. Investment Income Is recognlsed on a r￿e1Vable basls. d. Expendlture Expenditure Is accounted for on an accnjals basls. Charitable activitie% indude all ex￿ndI￿re a$S￿ia￿J wlth the maintenance of Arundells, and Includes governance costs. G0verrnan￿ costs Comprise the costs of audtt. legal advrte al￿ Complian￿ with cOnS￿tu￿0nal and statutory uirernents. e* Tanglble Flxed Assets xed assets are stated at costless accumulatsd deprexJath)n. Individual assets costing £500 or more are capltallsed and dep￿latIon Is Calcula￿ to wrfte off the costs over their expetted useful tronomic Ilves as follows.. Fixtures and Fittings Depreciable Maintenance f. Herltage Assets No depreciauon is provlded on the assets acqulr&J through the oivJinal gift from the Ethte of Sir Edward Heath. It is the wlicy of the Foundatlon to cary out annually a full repair maintenance programme such that the resldual values of these assets, based on prevailing at the date of acquisition or the 2005 probate value, as appllcable, are at least equal to their carrying value. Significant repairs that will reoccur on a ryclical basls will be capitalised and depwated over their expetted lifetime. Carrying value5 are reviewed annually and provislon tnade, if necessary. for any irnpairrnent in value. The Ttvstees have no Intentlon to acqulre or dispose of any heritage assets the near future. 10 year5 straight line basis 15 years stralght line basls 9. Investments Fixed asset investments are held to generate income. InY&stments are stated at market value {mld market p￿Ce) as at the balan￿ sheet date. The Statement of Finanoal Artivlties Includes the net gains and losses arlslng on revalua￿0Th and disposals throughout the year. Other recognlsed galns and losses All galrts and losses are taken to the Statement of Nnandal Activities as they arise. Realised gain5 and 1055e5 on Investments are calculated as the dIfferen￿ between the sale proceeds and opening rnarket value lor purchase date If laterl- Unreallsed galns and losses are calculated a5 the differen￿ be￿eeTr the matket value at the year end and opening market value (or purd)ase dète tf later). Page11

I. PRINCIPAL ACCOUNTING POLICIES (cof4TXNtIED) h. Stock stock ujnslsts of guldebooks held for sale or other use as reqUfi￿. These a￿ stated at the lower of cost and Tret realisable value. l. Debtors Debtors a￿ measured at the arnounts the charfty antidpates tt wlll r￿1Ve fryjm a debt or the amount it has pald In advan￿ for goods or setvltrs. J. Cash at bank •nd In hand Cash at bank and In hand Includès cash and cash on depostL k. LIablll￿es abilities a￿ measured at the amounts the tharlty 3ntidpètes It wlll pay to settte a debt or the arnount it has recelved as an advance payment for goods or Serv1￿ It must provide. Flnandal Instruments The charity only has financial assets and liabilitie5 of a krnd that qualify a5 basic finoncial instruments. They are initially recognised at trdnsaLtion value and subsequenuy rneasU￿ at their setuement value. o. Pen$lon Costs The charity operates a defined contributton scheme for its employee5. Contributions a￿ charged in the accounts as incurred. 2. INCOME FROM DONATIONS Unrestricted Restricted 2023 2023 Total 2023 Totsl 2022 Income from general donatiors Income frorn sponsorshi Natlonal Lottery Heritage Fund Grant Income from other grants 92,059 io,cx)o 92.059 io,o(x) 49,951 49,951 14.540 18,038 64,491 E 170,048 54,167 4,775 49,951 6,700 E 115,593 3.498 105.557 £ 2022 2022 2022 2021 Incorne from generdl donations Income from sponsorshlp Natlonal Lottery Heritage Fund Grant Income from other grants 54,167 4,T/5 54,167 37,351 tl.775 49,951 49,951 6.700 6.71Ag 736 65,642 £ 49,951 £ 115,593 38,087 3. INCOME FROM INVESTMENTS Unrestricted Totsl Totsl 2023 2023 2023 2022 Income from listed inve51Tnents 80 80 80 80 All investment Income Is unrestsyrted. Page 12

SIR EDWARD HEATrI CH TE THEA UNDA CONTIN NTS 023 EXPENDThURE ON CHARITABLE ACTIVITIES Total Total 2023 2023 2023 2022 maIntenan￿ and running of Arundel Event costs Exhibition Costs Governance costs (Note 51 Expenditure ￿lating to the openlng of Amndells to the public 144,095 48,090 59 16.430 2,776 146,871 48,090 59 66.381 133,678 56,945 10,544 59,814 49,951 83.023 83,023 64,789 291.697 £ 52,727 344,424 325,770 2022 2022 2022 2021 maintenan￿ and rynnlng of Arundelts Event costs Exhibition Costs Governan￿ costs Expenditu￿ relating to the openlng of Arundells to the public 133,678 56.945 JO,5H 9.863 133,678 56,945 10,544 59.814 126,525 14,253 49,951 5,618 64.789 64.789 50,714 275.819 £ 49,951 £ 325.770 197,110 GOVERNANCE COSTS Totsl 2023 Total 2022 2023 2023 Auditors, remunerdtyon '. audit .. for other services 2.400 2.857 5,020 842 5.311 2.400 2,857 5.020 842 55,262 2,000 2,326 Legal fee5 Trustees. expenses 'Fit for Future, ProjeLt 830 54,658 49.951 16.430 £ 49.951 £ 66,381 59,814 Trustees receive(J no remunerdtion or benefits {2022: £Nill. No tnjstees 12022.. Nil) were reimbursed any (2022: £Nill travelllng expenses or any other expenses Incurred on the charity's behalf. Trustee Indemnity insurance of £842 {2022.. £830) was paid durlng the year. In common wlth many other buslnesses of our slze and nabjre we use our audltors to asslst with the p￿paratIOn of the financial stateFnents and some tax comp1ran￿. The 'Fit ror FUtsJ￿' proJert relates to consultsncy expenditure funded by the Stage l of the National Lottery Heritage Funding grdnt STAFF COSTS 2023 2022 Salaries and wages Social secuAty costs Pension costs 122,029 4,107 3,942 104,415 2,874 3,641 £130,078 £110,930 The staff costs are wholly chargeable to charftsble expenditure. No employee had emoluments (not Includlng employerfs Natlonal Insurance Contributions or employerfs pension contributions) in eX￿S of £60.000 (2022 - The total remUnera￿On paid to key management personnel (induding employeVs National Insurance Contributions and employerfs pension contributions) in the year was £41,808 (2022: £49,412). The average headcount of employees. Induding Part ts'rne , analysed by funLtiion, were: 2023 2022 AdmSnlstraUon, cUra￿ng and malntenan Guides and reception staff li li Page13

EDWARD HEATH CHARITABLE FOUNDATIO BER2 TANGIBLE FIXED ASSETS Flxtures & Fitknn Totsl co At l January 2023 A￿di￿On$ Disposals Transfer 47,632 47,632 At 31 D￿mber 2023 47.632 £ 47,632 DEPRECIATION At l January 2023 Charge ftir the year Disposals 23.535 4,763 23,535 4,763 At 31 December 2023 28,298 £ 28,298 NEf BOOK VALUE At 31 December 2023 19,334 E 19,334 At 31 De￿mber 2022 24,097 £ 24,097 HERITAGE ASSETS Freehold House House Contents Depredable Maintenan Total cosr At l January 2023 Additions Disposals Transfer 3,054,252 983,490 120,666 11,815 4,158,408 11,815 At 31 Decemter 2023 £ 3,054,252 £ 983.490 £ 132.481 £ 4,170,223 DEPRECtATION At l January 2023 Charge for the year Dtsposals At 31 December 2023 15.897 8,832 15,897 8,832 24,729 24,729 BOOK VALUE At 31 December 2023 £ 3,054,252 £ 983,490 £ 107,752 £ 4,145,494 At 31 D￿rnber 2022 É 3,054,252 £ 983,490 £ 104,769 £ 4,142,511 No capitsl expenditure has been contracted for at 31 D￿rnber 2023. These assets comprise Arundells and its contents which the lThstees conslder ccnsUtute herltage assets within the definitlon of FRS 102 settion 34. Arundells, which Is located in Salisbury Qthedral Close, was acquired by and Ilved Sn by Slr Edward Heath durlng the latter part of his life- and the contents consist of the furnlture, works of art and other articles acqulred by Sir Edward over hls lifel]"me. FIXED ASSET INVESTMENTS Llst¢d Investments Market value at l January 2023 Net loss on revaluauon 1,165 121 Market value at 31 De￿rnber 2023 £1,286 Page 14

EDWARD HEATH TE THEA HARrrABLe F NDATI COUNTS CONTIN ER2 io. stocks 2023 2022 Finished goods and goods for resale 5,889 11. DEBTORS 2023 2022 Other debtors Pfftpayments and accrued Income 6.766 19,015 5,926 18,586 £25,781 £24,512 12. CREDITORS: Amounts falllng due wlthln one year 2023 2022 Accwals other creditors 17.032 2,895 14,246 2,089 £19,927 £16,335 13. NON-cU￿NT LIABILTTIES: 2023 2022 Loans 72,906 £72,906 72,906 72,906 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS UnrestriLted Re5triLted Fynd Fund Totsl Funds 2023 Flxed assets Cash at bank and In hand other current assets Creditors amounts falling due wiU)in one year Creditors amounts falling due beyond one year 4,166,114 7.109 31.670 (19,927) (72,906) 4,166,114 7,109 31,670 119,927) 172,906) £4,112,060 £4,1 L2,060 2022 Fixed assets Cash at bank and in hand Other current assets Credit015 amounts tslllng due wlthin one year credito￿ amounts tslling due beyond one year 4.167.773 32.060 24,512 (16.335) (72,906) 4.167,773 32.796 24,512 (16,335) (72,906J 736 £4,135,104 736 £4.135,840 Page 15

DWARD HEATH CHARrrABLE FOUNDATI TE THEA NTIN ED ENDE 15. RELATED PARTY TRANSACTIONS Donations {excluding gift aid) of £52,860 {2022- £31,813) are owed to the generosity of the trnstees. As at 31 December 2023 the charity owed P. Batey £72,906 {2022.. £72,906), being a loan supplied to fund required repair5 and redetorations to the exterior of AruTrdell5. 16. Restrlcted Funds l January 2013 31 December 2023 2023 Incoming Outgoing Transfers Natlonal Lottery Her(tsge Fund 49,951 149,951) Mlng Bowl 736 (2,276) wiltshi￿ Community Fund 12.51)0 112,5001 Wiltshire And Swlndon Sport {500) Total E736 £64,491 (£52.727) 1£12,5001 l January 2022 31 Decembtsr 2022 2021 Incornlng Outgolng Transfers National Lottery Heritage Fund 49.951 {49.951) mI￿g Bowl 736 736 Totsl É736 É49.951 {£49.951} £ 736 National Lottery Herftage Fundlng provlded a grant to fvnd the 'Awndells- Ffjt for Future, projett. The Ming Bowl funding relates to a grant provided by the A$￿at￿)n of Independent Museums to fvnd the repair of a darnaged item In the museum's collecuon. The Wiltshire Community Fund provided a grant to fvnd the ￿paIrS of walls aThJ other stjvrtures In Arundells garden. Wlltshlre And Swindon Sport pmvided a grant io support the Arundells Community Garden Project. Page 16

EDWARD HEATH CHARITABLE F TATEMENT FFI NDA 023 16. PRIOR YEAR STATEMENT OF FINANCIAL ACTivmES Totsl Funds 2022 Total Funds 2021 Funds 2022 Funds 2022 Note INCOME FROM.. Donatlons National Lottery Ilerltsge Fund Grnnt Other Donat￿n$ 49.951 49,951 65.642 65,642 38.087 Investments 80 80 Charitable artivitses Vlsltor Income Other incoming resources 57,522 57.522 40,642 Sundry income 2,928 2.928 76 other trading activitles Prlvate lettings 6.726 6,726 2,200 other Income Government grants Insurance clalms 3.167 3,167 33.371 TOTAL INCOME 227.375 49,951 277,326 225,179 EXPENDITURE ON.. Charltable artlvltles 275.819 49.951 325,770 197,110 TOTAL EXPEPIDrnIRE 275.819 £ 49.951 £ 325,770 197,110 Plet 9aln / (losses) on investhents ($98) (598) 388 Net income/(expendlture) Transfets between funds (49.042) (49.042) 28,457 NET MOVEMEPIT IN FUNDS (49,042) (49,042) 28,457 Totsl funds brought forward £ 4.184,146 £ 736 £ 4,184,882 £ 4.156,425 Trtal funds canled fonvard É 4.135.104 £ 736 £ 4.135,840 £ 4,184,882 Page 17