Registered number.. 04103670
Charity number:
Henderson
Trust
HENDERSON TRUST
(A Company Limited by Guarantee)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

HENDERSON TRUST
(A Company Limited by Guarantee)
CONTENTS
Page
Reference and Administrative Details of the Trust, its Trustees and Advisers
Trustees. Report
Independent Auditor's Report on the Financial Statements
10-13
Statement of Flnanclal Activities
14
Balance Sheet
15-16
Statement of Cash Flows
17
Notes to the Financial Statements
18-35

HENDERSON TRUST
IA Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE TRUST, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
C Brown
K Clipsham (resigned 13 December 2023)
S Earl
C E Eyers (Previously Parry-Jones)
N V Harmer
P Hutson
L E McCartney-Gray
J Vilkovitch
L J Wilkinson, Chair
Company registered
number
04103670
Registered office
The Henderson Business Centre
51 Ivy Road
Norwich
Norfolk
NR5 8BF
Company secretary
K Ward (appointed 1 August 2024}
N Craig {resigned 31 July 20241
Chlef Executive Officer M Packer (appointed 1 August 2024>
N Craig (resigned 31 July 20241
Independent auditor
MA Partners Audit LLP
Chartered Accountants & Statutory Auditors
7 The Close
Norwich
Norfolk
NR14DJ
Solicitors
Leathes Prior
74 The Close
Norwich
NR14DR
Page 1

HENDERSON TRUST
IA Company Limited by Guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together with the audited financial statements of the Trust for the year 1
April 2023 10 31 March 2024. The Annual Report seNes the purposes of both a Trustees, report and a dire¢tors'
report under company law. The Trustees confirm that the Annual Report and financial statements of the
charitable company comply with the current statutory requirements, the requirements of the charitable company's
governing document and the provisions of the Statement of Recommended Practice ISORP) applicable lo
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS1021 {effective 1 January 20191.
Since the Trust qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of
medium and large companies under the Companies Act 2006 (strategic Report and Directors, Report)
Regulations 2013 has been omitted.
Objectlves and activities
a. Pollcles and objectives
Henderson Trust's governing document is its Memorandum and Articles of Association which states that ils
objectives are
.to promote the public benefit of urban regeneration in areas of social and economic deprivation
by all, or any, of the following means..
To advance education and provide or assist in providing training
To relieve unemployment
To provide financial and technical assistance, business advice, training and employment opportunilies
To provide facilities, services or assistance to people who are aged, have disabilities, sick or in need
To promote good health
To provid8 housing (not extending to relieving local authorities or other bodies of their statutory duty}
To provide or improve communily, social, recreational and leisure facilities
To promote the conservation, prolection and improvement of the physical and natural environment
To improve infrastructure and Iransportalion facilities
To improve community safety through prevention andlor r8duction of crime, anti-social behaviour,
protection of property and support of victims of crime, and promote good community relations., and
Such other means subject to the prior written consent of the Charity Commissioners.,
Henderson Trust's main objectives for the year were to..
Manage various assets to generate income
Promote and develop the community park
Contribute to community engagement and development
Fund andlor support project work in the community
Develop and improve the operations of Cadge Road Community Centre
b. Strategies for achieving objectives
Strategies chosen for achieving the objectives were to..
Maximise the income from the Henderson Business Centre
Fund lor continue lo fund) a range of projects and activities
Fund projects through external contracts and others through directly employed staff
Vvork with partners to undertake Community development
Page 2

HENDERSON TRUST
(A Company Limited by Guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Objectives and activitles {continued}
c. Activities undertaken to achieve objectives
Existing directly managed projects were..
The provision of activities and support to vulnerable young people in the community
The provision of activities and support to older people in the community
The provision of accommodation for local bodies
The provision of management support to various local charities and groups
The provision of activities and support to local families
The management of a local commLtnily centre
d. Public beneflt
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general
guidance on public benefit when reviewing the charitable company's aims and objectives and in planning future
activities and setting the grant making policy for the year.
Achievements and performance
Review of actlvlties
Total incoming resources for the period were £662,031 (2023 - £584, 70n. Total resources expended were
£658,61712023- £664,256).
C05t of Achlevlng Objectives
Community activity costs lotaling £187,74712023 - £200, 768) relate to community grants awarded and projects
undertaken directly by the Trust.
Impact of Meeting Objectives (including types of outcomes achieved)
Improved social cohesion
Reduced levels of crime and criminality
Increased participation in education, employment and training
The Trust Uses a range of performance measures to monitor and manage the business effectively. There are
both financial and non-financial, and the most significanl of these are the key performance indicators {KPlsl.
b. Key performance indicators
The key financial performance indicators are grants receivable and project costs incurred. These KPIS indicate
the volume of work the Trust has undertaken as well as the efficiency with which the work has delivered.
KPIS for the year, with comparatives, are a5 follows:
2024
2023
Direct costs and grants less voluntary income
Investment income less support and governance costs
Net movement in funds
1519,4571 (547,181)
522,871
465,996
{491,007)
180,149}
Page 3

HENDERSON TRUST
IA Company Limited by Guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Financial review
Going concern
After making appropriate enquiries, the Trustee5 have a reasonable expectation that the Trust has adequate
resources to continue in operational existence for the foreseeable future. For this reason. they continue to adopt
the going concern basis in preparing Ihe financial statements. Further details regarding the adoplion of the going
concern basis Can be found in the accounting policies.
b. Reserves policy
The total funds of the charity were £5,135,360 at 31 March 202412023 - £5,626,36n. At the balance sheet date
the charity had no free reseNes {2023- no free reserves).
The Trustees aim to hold £100,000 working capital in the bank account. At the year end dale, the balance was
£164.941 (2023 - £154, 781). In addition the Trust holds a portfolio of saleable property assets. There are no
plans to sell these assets but they could be realised if required to meet costs or to fund desirable project work.
Structure, governance and management
Constitutlon
Henderson Trust is registered as a charitable Gompany limited by guarantee and was set up by a Memorandum
of Association.
The company is constituted under a Memorandum ofAssociation and is a registered charity number 1117051.
The Henderson Trust is a registered charity and has a designated 'area of benefit,. The area covers the North
and West Earlham, Larkman and Marlpit areas of Norwich and comprises approximately 4,000 households and
approximately 12,000 residents.
Henderson Trust works in participation with residents and wilh providers of services lo the public to reduce levels
of disadvantage in the area, specifically those associated with:
Crime and community safety
Education
Health
Unemployment
The physical environment
Henderson Trust- Mission
The purpose of Henderson Trust is to..
Enable the community led, long lasting regeneration of Ihe North and West Earlham, Larkham and Marlpil
neighbourhoods of Norwich.
Page 4

HENDERSON TRUST
IA Company Limlted by Guaranteel
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management {continuedl
This will be done by..
Helping to build partnerships bebfveen agencies and the community lo benefit the lives of local residents
Providing leadership, focus. support, and encouragement of these partnerships, making sure that
members of the community feel able lo improve their own lives
Developing the skills and knowledge of local people, and creating and supporting buildings and seNices
which will contribute lo the long term success of the whole community
Making sure that the community focused services are realistic, valuable and achievable as sel down in
the long term plans of Henderson Trust
b. Methods of appointment or electlon of Trustees
The management of the Trust is the responsibility of the Trustees who are elected and co-opted under the terms
of the Memorandum of Association.
Organisational structure and declsion-making pollcles
The Memorandum and Articles of Association allow for up lo ten Trustees who are the guarantors of the
charitable company. A minimum of six Trustees are lo be local residents.
Trustees, and officers, liability insurance is in place.
Henderson Trust is governed by a Board of Trustees. The strategic direction and operational activities of the
Trust are managed by a Chief Executive Officer who reports directly to Trustees at Board meetings. During the
reporting period the following people have acted as Trusle8s'.
L J Wilkinson {appoinled Chair in May 2011)
C Brown
C E Eyers (previously Parry-Jonesl
N V Harmer
K Clipsham (resigned 13 December 2023)
S Earl
J Vilkovilch
L E McCartney-Gray
P Hutson
Page 5

HENDERSON TRUST
IA Company Limlted by Guarantee}
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management {continuedl
Henderson Trust Board
What il does...
Defines and ensures compliance with the values and objectives of the Trusl
Establishes plans lo achieve these Objectives
Monitors the Trust's performance in relation to ils plans, budget controls and decisions
Approves each year's budget and accounts before publication
Makes decisions of funding
Satisfies itself that the Trust's affairs are conducted in accordance with generally accepted standards
of performance and propriety
Decides on policies and procedures for the Trust
Establishes and oversees a fram8work of delegalion of ils powers to committees and employees wilh
proper systems of control
Appoints senior management
Takes appropriate legal and professional advice
Other Committees
Henderson Trust's Board may delegate various powers lo subcommittees. These committees are either
empowered to make decisions for and on behalf of the Trust or else are empowered to make recommendations
lo the Board for decision. For all the Trust's committees..
Members will be approved by the Board
The Chair will be elected by the Board from its members
A quorum of four will be established
Henderson Trust staff may attend but will not be allowed to be members
Members will be allowed only one vole
There will be no further delegation of responsibilities
Matthew Packer is the Chief Executive Officer ICEOI and Head of Charity. The CEO is aulhorised lo..
Undertake and oversee the day-lo-day management of the charitable company
Maintain a positive working relationship with all partners
To support and guide the Board on all strategic and operational matters
To ensure that financial standing orders are in place and are followed
To manage staff and relationships with partners
d. Policles adopted for the inductlon and training of Trustees
New Trustees are invited lo attend briefing sessions lo familiarise themselves with the Trust and its operational
context. A handbook is given to each Trustee which contains key documents and information. Trustees are also
supported lo attend relevant, external training events where these will facilitale a greater understanding of their
role.
Page 6

HENDERSON TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management {continuedl
e. Pay policy for key management personnel
The Trustee's consider the Chief Executive Officer and the 8usiness Support Manager as comprising the key
management personnel of the charity in charge of directing and controlling the charity and the running and
operating of the charity on a daily basis.
The pay of the Chief Executive Officer is based upon the consideration of numerous factors. These include
benchmarking within the charity sector and across occupational classifications locally. The pay of all other staff is
based upon nationally consulted and agreed National Joint Council for Local Government SeNices pay rates.
Salaries are sel bearing in mind the need lo attract and retain staff and maintain levels of motivation. Salaries
also reflect the unusual nature of the Trust's operations in that it is a charity which has some operations in a
highly competitive and cost-sensilive sector. All salaries are reviewed at least annually and at this lime the
following factors are considered.
National levels of pay award or pay reslrainl
The relative performance of the employee and the organisation
The Trust's ability to sustain payroll costs
f. Financlal risk management
The Trustees have assessed the major risks to which the Trust is exposed, in particular those related lo the
operations and finances of the Trust, and are satisfied that systems and procedures are in place lo miligale
exposure to the major risks,
The most significant risks to the Trust have been identified as..
Failure of plant and equipment
Low demand for business accommodation
Loss of existing tenancies
IT system failures
Destruction of property
The viability of the charity
For all these risks and all olhers recognised by the Trust there are preventative measures in place and miligaling
strategies. Where appropriate this involves seeking professional, external advice and putting in place insurance
arrangements.
The system of internal control includes:
A review al each Board meeting of the risks the Trust may face, as a standard agenda item
Six-monthly identification and management of potential risks to the Trust
A three year plan which sets out strategic risks
An annual budget and quarterly reviews of expenditure against budget
Regular review of all policies and procedures
Clearly defined limits of authority
Page 7

HENDERSON TRUST
IA Company Limited by Guarantee}
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Plans for future periods
Priorities for 2024125
Experience has shown that the resources of the Charity are insufficient to make a positive contribution to all of
the Trust's objectives in any one year. 11 is therefore necessary to identify a smaller number of operational
themes which reflect the Charity's ability to make a difference, and the resources and skills al the Charity's
disposal. The operational themes are identified in the Business Plan and are reviewed annually.
The operational themes for the period April 2024 to March 2025 will be..
Learning
Employmenl
The Henderson Community Park
Social inclusion
The Trust adopted a sustainability policy in October 2022 selting out broad objectives and responsibilities
regarding the use of energy and the management of waste. Subject to the availability of funding and other
resources the Trust has adopted an ongoing programme of movement towards the use of more energy-efficienl
equipment, fixtures and fittings and methods of working and has encouraged all tenants of the Henderson
Business Centre lo do the same. To this end a rolling programme of replacing lights with LED alternatives has
been started. In the coming year the installation of a solar array on the Business Centre will be explored and
budget has been sel aside for the installation.
Additionally, the Trust will undertake a review of ils governance arrangements to ensure they meet all regulatory
requirements and current good practice.
Statement of Trustees, responsibllltles
The Trustees (who are also the directors of the Trust for the purposes of company lawl 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 Praclicel.
Company law requires the Trustees to prepare financial statements for each financial year. Under company law,
the Trustees musl not approve the financial statements unless they are satisfied that they give a true and fair
view of the state of affairs of the Trust and of its incoming resources and application of resources. including its
income and expenditure, for that period. In preparing these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 102);
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any malerial
departures disclosed and explained in Ihe financial statements,
prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the
Trust will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain
the Trust's transactions and disclose with reasonable accuracy at any lime the financial position of the Trust and
enable them to ensure Ihal the financial slalemenls comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Page 8

HENDERSON TRUST
{A Company Limited by Guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Disclosure of information to auditor
Each of the persons who are Trustees at the lime when this Trustees, Report is approved has confirmed that..
so far as that Trustee is aware, there is no relevant audit information of which the charity's auditor is
unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of
any relevant audit information and to establish that the charity's auditor is aware of that information.
Audltor
The auditor, MA Partners Audit LLP, has indicated their willingness to continue in office. The designated
Trustees will propose a motion reappointing the auditor at a meeting of the Trustees.
Approved by order of the m8mbers of the Board of Trustees and signed on their behalf by..
L J Wllklnson
(Chair of Trustees)
Dale.. 24 October 2024
Page 9

HENDERSON TRUST
{A Company Limited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HENDERSON TRUST
Opinion
We have audited the financial statements of Henderson Trust (the 'Trust'l for the year ended 31 March 2024
which comprise Ihe Statement of Financial Activities, the Balance Sheet. the Stalement of Cash Flows and the
related notes, including a summary of significant accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, {United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the slate of the charitable company's affairs as al 31 March 2024 and of ils
incoming resources and application of resources, including ils income and expenditure for the year then
ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) IISAS {UK)l and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit
of the financial slalements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom,
including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these reqLsiremenls. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Concluslons relating to golng concern
In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on Ihe work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to
continue as a going concern for a period of at least twelve months from when the financial statements are
authorised for issue.
Our responsibilities ancl the responsibilities of the Trustees with respect to going concern are described in the
felevant sections of this report.
Page10

HENDERSON TRUST
IA Company Limited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HENDERSON TRUST (CONTINUED)
Other information
The other information comprises the information included in the Annual Report other than the financial
statements and our Auditor's Report thereon. The Trustees are responsible for the other information contained
within the Annual Report. Our opinion on the financial statements does not cover the other information and,
except to the extent othe￿iSe explicitly staled in our report, we do not express any form of assurance conclusion
Ihereon. Our responsibility is to read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in the course of the
audit, or olhefwise appears lo be materially misstated. If we identify such material inconsistencies or apparent
material misslatemenls, we are required to determine whether this gives rise to a material misstatement in the
financial statements themselves. If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact.
We have nothing lo report in this regard.
Oplnlon on other matters prescrlbed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees, Report for the financial year for which Ihe financial statements are
prepared is consistent with the financial slalemenls.
the Trustees, Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exceptlon
In the light of our knowledge and understanding of the charitable company and ils environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees, Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires
us lo report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreemenl with the accounting records and returns.. or
certain disclosures of Trustees, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit., or
the Trustees were not entitled lo prepare the financial statements in accordance with the small companies
regime and lake advantage of the small companies, exemptions in preparing the Trustees, Report and
from the requirement lo prepare a Strategic Report.
Page11

HENDERSON TRUST
IA Company Limited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HENDERSON TRUST {CONTINUED)
Responsibilities of Trustees
As explained more fully in the Trustees, Responsibilities Statement, the Trustees (who are also the directors of
the charitable Company for the purposes of company law) are responsible for the preparation of the financial
slatements and for being satisfied that they give a true and fair view, and for such internal control as the
Trustees determine is necessary lo enable the preparation of financial slalements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability
to continue as a going concern. disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the Trustees either intend lo liquidate the charitable company or lo cease
operations, or have no realistic alternative but to do so.
Auditor's responslblllties for the audit of the flnanclal statements
Our objectives are to obtain reasonable assurance about whether the financial slalements as a whole are free
from material misslalement, whether due lo fraud or error. and lo issue an Auditor's Report that includes our
opinion. Reasonable assurance is a high level of a5suran¢e, bul is not a guarantee that an audit conducted in
accordance with ISAS (UK} will always detect a material misslatemenl when it exists. Misstalemenls can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities,
including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud is
detailed below..
Explanation as to what extent the audlt was Considered capable of detecting irregularlties, includlng
fraud
The objectives of our audit in respect of fraud. are, to identify and assess the risks of material misslatemenl of
the financial statements due to fraud,. to obtain sufficient appropriate audit evidence regarding the assessed risks
of material misstatement due lo fraud, through designing and implementing appropriate responses lo those
assessed risks,. and to respond appropriately to instances of fraud or suspected fraud identified during the audit.
However, the primary responsibility for the prevention and detection of fraud rests with both management and
those charged with governance of the charity.
Our approach was as follows..
We obtained an understanding of the legal and regulatory requirements applicable to the charity and
considered Ihal the most significant are the Charities Act 2011 and UK financial reporting standards
as issued by Ihe Financial Reporting Council.
We obtained an understanding of how the charity complies with these requirements by discussions
wilh those charged with governance.
We assessed the risk of material misstatement of the financial statements, including the risk of material
misstatement due to fraud and how il might occur, by holding discussions with those charged with
governance.
We inquired of those charged with governance as to any known instances of non-compliance or
suspected non-compliance with laws and regulations.
Page 12

HENDERSON TRUST
{A Company Limited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HENDERSON TRUST (CONTINUED}
Based on this understanding, we designed specific appropriate audit procedures lo identify instances of non-
compliance with laws and regulations. This included making enquiries of those charged with governance and
obtaining additional corroborative evidence as required.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misslatemenl in the financial slalements or non-compliance with regulation. This risk
increases the more Ihal compliance with a law or regulation is removed fram the events and transactions
reflected in the financial statements, as we will be less likely lo become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves
intentional concealment. forgery, collusion. omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website al.. www.frc.or
.uklaudilorsres
Auditor's Report.
onsibilities. This description forms part of our
Use of our report
This report is made solely to the charitable Company's Trustees, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable
company's Trustees those matters we are required lo slate to them in an Auditor's Report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than
the charitable company and its Trustees, as a body, for our audit work, for this report, or for the opinions we have
formed.
Alice Lynch Bsc FCA DChA (Senior Statutory Auditor)
for and on behalf of
MA Partners Audit LLP
Chartered Accountants & Statutory Auditors
7 The Close
Nowich
Norfolk
NR14DJ
24 October 2024
Page13

HENDERSON TRUST
IA Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Tolal
fui)ds
2023
Note
Income from:
Donations and legacies
Investments
11,605
578,812
71,614
83,219
578,812
56,330
526, 741
1,036
Other income
Total income
590,417
71,614
662,031
584,107
Expenditure on:
Charitable activities
577,894
80,723
658,617
664,256
Total expenditure
577,894
80,723
658,617
664,256
Net Incomel(expenditure) before net
losses on investments
Net losses on investments
12,523
1182,421)
(9,109)
3,414
1182,421)
(80, 149)
Net movement in funds before other
recognised galnsl(losses)
{169,8981
{9,109)
1179,0071
(80, 149)
Other recognised galnsl{lossesl:
Losses on revaluation of fixed assets
{312,0001
(312,0001
Net movement in funds
1481,898)
19,1091
{491,0071
(80, 149)
Reconciliatlon of funds:
Total funds brought fomard
Net movement in funds
5,292,757
1481,898)
333,610
{9,1091
5,626,367
{491,0071
5,706,516
(80, 749)
Total funds carried forward
4,810,859
324,501
5,135,360
5.626,367
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 18 to 35 form part of these financial slalemenls.
Page 14

HENDERSON TRUST
(A Company Limited by Guarantee)
REGISTERED NUMBER." 04103670
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Tangible assets
Investment property
2,852,807
2,225,384
3, 180.642
2, 407, 805
14
5,078,191
5, 588, 447
Current assets
Debtors
Cash al bank and in hand
34,596
164,941
30, 052
754,781
199,537
184, 833
Credilor5.' amounts falling due within one
year
16
{142,368}
(146,913)
Net current assets
57,169
37,920
Total assets less current liablllties
5,135,360
5, 626,367
Total net assets
5,135,360
5, 626, 367
Charlty funds
Restricted funds
Unrestricted funds
18
18
324,501
4,810,859
333,610
5, 292, 757
Total funds
5,135,360
5.626.367
Page 15

HENDERSON TRUST
IA Company Limited by Guarantee)
REGISTERED NUMBER: 04103670
BALANCE SHEET ICONTINUEDI
AS AT 31 MARCH 2024
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to enlilies subject to
the small companies regime.
The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by..
L J Wilkinson
(Chair of Trustees}
Date: 24 October 2024
The notes on pages 18 to 35 form part of these financial statements.
Page 16

HENDERSON TRUST
{A Company Limited by Guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Note
Cash flows from operating a¢tivltles
Net cash used in operating activities
21
16,718
71,608
Cash flows from investing activities
Purchase of tangible fixed assets
{6,558)
(18,338)
Net cash used In Investlng activities
16,5581
{18,338)
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
10,160
16,730)
161,517
154,781
Cash and cash equlvalents at the end of the year
22
164,941
154, 781
The notes on pages 1810 35 form part of these financial statements
Page17

HENDERSON TRUST
(A Cornpany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General information
Henderson Trust is a company limited by guarantee and registered in England and Wales. The Members
of Ihe company are the Trustees named on page 1. In the event of the company being wound up, the
liability in respect of the guarantee is limited to £10 per Member of the company.
Accounting policies
2.1 Basis of preparation of financlal statements
The financial statements have been prepared in accordance with the Charities SORP {FRS 102)
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 102) (effective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 102) and the Companies AGt 2006.
Henderson Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised al historical cost or transaction value unless otherwise stated in the relevant
accounting policy.
2.2 Golng concern
The Trustees have a reasonable expectation that the Trust has adequate resources lo conlinue in
operational existence for the foreseeable future. For this reason, the Trustees continue lo adopt the
going concern basis in preparing the financial stalemenls.
2.3 Income
All income is recognised once the Trust has entitlement lo the income, it is probable that the income
will be received and the amount of income receivable can be measured reliably.
Grants {including government granlsl are included in the Statement of Financial Activities on a
receivable basis. The balance of income received for specific purposes but not expended during the
period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of
entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where
entitlement occurs before income is received. the income is accrued.
Other income is recognised in the period in which it is receivable and to the extenl the goods have
been provided or on complelion of the service.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, il is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Trust's objectives, as well as any associated support costs.
Page 18

HENDERSON TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
2.4 Expenditure (continued)
Grants payable are charged in the year when the offer is made except in those Cases where the offer
is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a
commitment. but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Trust,. this is normally upon notification of the interest paid or payable by the institution
with whom the funds are deposited.
2.6 Tangible flxed assets and depreciation
Al each reporting date the Trustees assess whether there is any indication of impairment. If such
indication exists, the recoverable amount of the asset is determined to be the higher of ils fair value
less costs to sell and ils value in use. An impairment loss is recognised where the carrying amount
exceeds the recoverable amount.
Tangible fixed assets are carried at cost or valuation, net of depreciation and any provision for
impairment. Depreciation is provided al rates calculated lo write off the cost or valuation of fixed
assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold property
Not depreciated
Plant and machinery
10 /0 33 % straight line
Motor vehicles
20 % slraighl line
Fixtures and fittings
100/0 Straight line
Play equipment
1 OQ/o Straight line
No depreciation has been Charged on the freehold property as the Trustees consider the depreciation
charge is not material because the estimated residual value of the assel is not materially different
from the carrying value of the asset.
2.7 Investment property
Investment property. which is property held to earn rentals and l or for capital appreciation, is
measured initially at its cost, including transaction costs. Subsequent to initial recognition, investment
property is measured at fair value. Gains or losses arising from changes in the fair value of
investment property are included in the Statement of Financial Aclivilies.
2.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Page19

HENDERSON TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies {¢ontinued)
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.10 Liabilities and provlsions
Liabilities are recognised when there is an obligation al the Balance Sheet dale as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised al the amount that the Trust anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or services il musl provide,
2.11 Flnancial instruments
The Trust only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured al their settlement value,
2.12 PensSons
The Trust operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Trust to the fund in fespect of the year.
2.13 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of th8 Trust and which have not been designated for other
purposes.
Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by
donors or which have been raised by the Trust for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is sel out in the notes to the financial statements.
Page 20

HENDERSON TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Critical accounting estimates and areas of Judgment
E51imales and judgments are continually evalLrated and are based on historical experience and other
factors. including expectations of future events that are believed to be reasonable under the
circumstances. The resulting accounting estimates and assumptions will, by definition, seldom equal the
related actual results. The estimates and assumptions that have a significant risk of causing a material
adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed
below.
Crilical accounting estimates and assumptions..
Impairments
Impairments are re¢ognised where the Trustees believe that there is an indication that the carrying
amount of an asset exceeds its recoverable amount.
Investment property
The Trustees use valuation techniques involving estimation lo determine the fair value of the Trust's
investment property. Estimates of fair value between independent external professional valuations are
based on a combination of current market conditions. changes in tenure arrangements and guidance from
external sources. The Trustees base their assumptions on observable data as far as possible but this
may not always be available. Estimated fair value may vary from Ihe actual price that would be achieved
in an arm's length commercial sale transaction at the reporting dale.
The most significant area of uncertainly that may affect the carrying value of assets and liabilities held by
the Trust are markel-driven changes lo property values.
Page21

HENDERSON TRUST
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from donations and legacies
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Total
fu17ds
2023
Donations
Grants
9,605
2,000
9,605
73,614
13,016
43,314
71.614
11,605
71,614
83,219
56,330
Total 2023
18,532
37, 798
56,330
Page 22

HENDERSON TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Investment income
Unrestricted
funds
2024
Total
funds
2024
Total
fui?ds
2023
Rental income
Bank interest
Fir8 Station rental income
363,781
1,266
213,765
363,781
1,266
213,765
312,636
340
213, 765
578,812
578,812
526, 741
Total 2023
526, 747
526, 741
Other incoming resources
Unrestricted
funds
2024
Total
funds
2024
Tolal
fiinds
2023
Other income
7,036
Total 2023
1,036
1,036
Analysis of grants
Grants are made to community organisations, supporting projects that enhance the local community.
Details of grants made during the year are set out below..
2024
2023
Foodbank
Household Support
NR5 Community Hub
12,210
1,500
14,600
1,600
500
13,710
76, 700
Page 23

HENDERSON TRUST
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysls of expenditure on charitable activities
Summary by fund type
Unrestricted Restricted
funds
funds
2024
2024
Total
2024
Total
2023
Regenerat'n & Facility Manag'ent
Henderson Business Centre
Community Delivery
Cadge Road Community Centre
352,989
105,330
93,314
26,261
352,989
105,330
174,037
26,261
331,315
128,015
784, 068
20, 858
80,723
577,894
80,723
658,617
664,256
Total 2023
619,357
44,899
664,256
Analysis of expenditure by actSvltles
Actlvities
Grant
undertaken funding of
directly
activities
2024
2024
Support
costs
2024
Total
funds
2024
Total
fuilds
2023
Regenerat'n & Facility
Manag'ent
Cadge Road Community
Centre
Community Delivery
Henderson Business Centre
285,169
13,710
54,110
352,989
331,315
24,430
174,037
105,330
1,831
26,261
174,037
105,330
20, 858
184, 068
128,015
588,966
13,710
55.941
658,617
664,256
Total 2023
586,811
16,700
60. 745
664, 256
Page 24

HENDERSON TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of expenditure by activities lcontinuedl
Analysis of direct costs
Regenerat'n Cadge Road
Henderson
& Facility Community Community Business
Manag'ent
Centre
Delivery
Centre
2024
2024
2024
2024
Total
funds
2024
Total
funds
2023
staff costs
Depreciation
Operating costs
24,430
174,037
105,330
303,797
22,393
262,776
303, 994
21,362
261,455
22,393
262,776
285,169
24,430
174,037
105,330
S88,966
586,811
Total 2023
256, 063
18,665
184, 068
128,015
586,811
Analysis of support costs
Total
funds
2024
Total
fui?ds
2023
Staff costs
Operating costs
Governance costs
23,257
20,802
11,882
25.776
22, 840
12, 789
SS,941
60, 745
10.
Auditor's remuneration
The auditor's remuneralion amounts to an auditor fee of £4,555 (2023 - £4,25Q), and other services of
£1,151 (2023- £4761.
Page 25

HENDERSON TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
11.
Staff costs
2024
2023
Wages and salaries
Social security cosls
Contribution lo defined contribution pension schemes
287,549
22,215
17,290
289, 358
23, 629
16,723
327,054
329, 710
The average number of persons employed by the Trust during the year was as follows..
2024
2023
No.
Management
Adminislralion
Project based
10
10
The average headcount expressed as full-time equivalents was..
2024
2023
No.
Management
Administration
Project based
10
10
The number of employees whose employee benefits (excluding employer pension costs) exceeded
£60,000 was..
2024
2023
No.
In the band £60,001- £70,000
The total remuneration for key management personnel, including employer pension contributions and
employer national insurance contribulions, for the year totalled £92,27312023 - £107. 459).
Page 26

HENDERSON TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees, remuneration and expenses
DLtring the year. no Trustees received any remuneration or other benefits (2023- £NIL).
During the year ended 31 March 2024, no Trustee expenses have been incurred (2023- £NIL).
13.
Tangible fixed assets
Freehold
property Equlpment
Motor
vehicles
Fixtures and
flttings
Play
equipment
Total
Cost or valuatlon
At 1 April 2023
Additions
8,242,849
61,253
2,282
8,540
67,576
3,3S1
144,363 8,524,581
925
6,558
Al 31 March 2024
8,242,849
63,535
8,540
70,927
145,288
8,531,139
Depreciation
At 1 April 2023
Charge for the year
Impairment charge
5,125,849
48,142
7,016
5,094
1,708
34,234
6,444
130,620 5,343,939
7,225
22,393
312,000
312,000
Al 31 March 2024
5,437,849
55,158
6,802
40,678
137,845 5,678,332
Net book value
At 31 March 2024
2,805,000
8,377
1,738
30,249
7,443
2,852,807
Al 37 Maic17 2023
3,177,000
13,711
3,446
33,342
13, 743 3, 180,642
The freehold property was valued on 1 September 2023 by an external valuer, S M L Kingston Bsc
(Honsl MRICS of Roche Chartered Surveyors. The valuations were in accordance with the requirements
and guidelines sel out in the Royal Institution of Chartered SuNeyors IRICSI Valuation
Global
Standards 2020 (which incorporate the International Valuation Standards 2017} and the UK national
supplement. The Trustees do not believe any further material movement in valuation has arisen since
that dale.
Page 27

HENDERSON TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14.
Investment property
Freehold
investment
property
Valuation
At 1 April 2023
Surplus on revaluation
2,407,805
(182,4211
At 31 March 2024
2,225,384
The 2024 valuations were made by the Trustees, based on an external valuation by S M L Kingston
MRICS of Roche Chartered Surveyors on 1 September 2023, on an open market value for existing use
basis.
15. Debtors
2024
2023
Due wlthln one year
Trade debtors
21,850
4,644
8,102
21,914
160
7,978
Other debtors
Prepayments and accrued income
34,596
30, 052
16.
Creditors: Amounts falllng due within one year
2024
2023
Trade creditors
other taxation and social security
Other creditors
Accruals and deferred income
7,600
27,029
44,532
63,207
1,435
33, 839
46,918
64,721
142,368
746,913
Page 28

HENDERSON TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
17.
Deferred income
2024
2023
Deferred in¢ome at 1 April 2023
Resources deferred during the year
Amounts released from previous periods
48,844
48,844
148,844)
55, 120
48,844
(55, 120)
Deferred Income at 31 March 2024
48,844
48,844
Page 29

HENDERSON TRUST
(A Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18. Statement of funds
Statement of funds - current year
Balance at 1
April 2023
Gainsl
{Lossesl
Balance at 31
March 2024
Income
Expenditure
Unrestrlcted funds
General Funds - all funds
5,292,757
590,417
(577,8941 {494,421) 4,810,859
Restricted funds
Capital fund
NRS Hub Worker
Youth Drop In
Covid 19 Response
Games Ar8a
Outside The Box
Opt In
Gel Set
Craft Connections
Kickslart
This Girl Can
Household Support Fund
Community Development
Sit Fit
Girls Group
262,825
24,867
15,372
6,270
5,396
4,666
4,649
4,035
2,905
1,241
985
262,825
4,538
14,364
6,270
5,396
4,665
5,318
14,611
120,3291
13,9251
2,917
4,500
15,874
(3,8311
(5,2981
(2,9061
1,241
985
550
400
1,600
41,329
2,477
2,917
{1,450}
(41,329)
{1,366)
{290}
1,111
2,627
333,610
71,614
(80,723)
324,501
Total of funds
5,626,367
662,031
1658,617) 1494,4211
5,135,360
Page 30

HENDERSON TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18. Statement of funds {¢ontinuedl
The restricted Capital fund represents restricted fixed asset funding. Fixed asset funding has been
treated as restricted as should any grant funded asset be disposed of. part or all of the proceeds may be
subject to Clawback by the funders EEDA.
NR5 Hub Worker- Funding to employ a worker on a Fixed term contract to deliver community activities
to families and young people through the NR5 Community Hub and lo work with Henderson Trust staff lo
develop the project with the aim of becoming more self sustaining.
Youth Drop In - funding was received to support the youth drop in, an informal youth club which provides
a safe place for young people with fun activities and a meal.
Covid 19 Response - This fund relates lo funding received to enable the Trust lo run and support Covid
related respones, primarily the distribution of meals lo members of the community.
Games Area This fund relates lo 8 grant received lo fund new play équipment.
Outside Thè Box - ID projeol - funding a sex and relationships course with an emphasis on body positivity and
healthy relationships.
Opt In - IT and social group for the over 55s.
Get Set- Activi118s for 10-16 year old5 during the school holidays.
Craft Connectlons
England Co-op.
This fund is for running a weekly wellbeing group for women. This is funded by East of
Klckstart- Government programme to help young people into work.
Thls Glrl Can - Fr&8 yoga sessions for women.
Household Support Fund - Money lo enable Henderson Trust lo provide food vouchers for local families in need &
lo provide Energy lop ups for the over 55$.
Communlty Development - the funds received relate to grants specifi'cally r8cèived for the Sorted, Connect and
Not About the Bike projects thè charity is running.
Sit Flt- the funds received relate to grants re￿iVed specifically for running a chair fitness for over 50s service.
Glrls Group This fund relates lo funding received for a formal youth club with targeted admission, for girls who are
more vulnerable and would benefit from the social aspec15 of the group.
Page 31

HENDERSON TRUST
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18.
Statement of funds (continued)
Statement of funds - prlor year
8alai?ce at
37 Marc17
2023
Balai?ce at
1 April 2022
117COI??e
Expeiiditure
Unrestricted funds
General Funds - all funds
5, 365, 805
546, 309
(619,357)
5, 292, 757
Restrlcted funds
Capital fund
NR5 Hub Worker
Youth Drop In
Covid 19 Response
Games Area
Outside The Box
Opt In
Get Set
Craft Connections
Kickstart
262, 825
40,000
15,681
6,270
5,396
4,665
262, 825
24,867
75,372
6.270
5,396
4, 665
4,649
4,035
2, 905
1,241
985
(15, 133)
(309)
8, 000
4, 683
4.970
(3,351)
(3, 846)
(2. 065)
3, 798
7,241
7,435
This Girl Can
Household Support Fund
Community Development
(450)
(1.600)
(18, 145)
2. 000
18, 145
400
340, 711
37. 798
(44. 899)
333,610
Total of funds
5,706,516
584. 107
(664, 256)
5,626.367
Page 32

HENDERSON TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
19.
Summary of funds
Summary of funds - current year
Balance at 1
April 2023
Gainsl
(Losses)
Balance at 31
March 2024
Income
Expenditure
General funds
Restricted funds
5,292,7S7
333,610
590,417
71,614
1577,894) (494,4211 4,810,859
180,7231
324,601
5,626,367
662,031
(658,6171
1494,4211
5,135,360
Summary of funds - prior year
Balanc8 at
31 Marcl?
2023
Balaiice al
7 Ap1712022
Income
Expenditure
General funds
Restricted funds
5.365,805
340, 717
546. 309
37,798
(619,357) 5.292. 757
(44,899)
333,670
5,706,516
584, 107
(664, 256)
5, 626, 367
20.
Analysls of net assets between funds
Analysls of net assets between funds - current perlod
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Investment property
Current assets
Creditors due within one year
2,589.982
2,225,384
137,861
(142,368)
262,825
2,852,807
2,225,384
199,537
1142,3681
61,676
Total
4,810,859
324,501
5,135,360
Page 33

HENDERSON TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
20.
Analysis of net assets between funds Icontinuedl
Analysis of net assets between funds - prior period
Uijreslricted R8stricl&d
ftii?ds
fiii?ds
2023
2023
Total
f1117ds
2023
Tangible fixed assets
Investment property
Current assets
2,977,877
2,407, 805
114,048
(146,973J
262, 825
3, 180, 642
2,407, 805
184, 833
{146,913J
70, 785
Creditors due within one year
Total
5,292, 757
333,670
5,626,367
21. Reconclliatlon of net movement in funds to net cash flow from operatlng actlvltles
2024
2023
Net expenditure for the period las per Statement of Financial Aclivitiesl
{179,0071
(80, 149J
Adjustments for..
Depreciation Charges
Loss on the sale of fixed assets
Decreasellincreasel in debtors
Decrease in creditors
Investment property revaluation
22,393
21,362
224
75, 671
(5. 500J
(4,5441
(4,5451
182,421
Net cash provlded by operatlng actlvltles
16,718
11.608
22. Analysis of cash and cash equivalents
2024
2023
Cash in hand
164,941
154. 781
Total cash and cash equivalents
164,941
154, 781
Page 34

HENDERSON TRUST
(A Company Limited by Guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
23.
Analysis of changes in net debt
At 1 April
2023
At 31 March
2024
Cash flows
Cash al bank and in hand
154,781
10,160
164,941
154,781
10,160
164,941
24.
Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the company in an independently administered fund, The pension cost charge
represents contributions payable by Ihe company lo the fund and amount to £17,29012023- £16, 7231.
25. Operatlng lease commitments
At 31 March 2024 the Trust had commitments to make future minimum lease payments under non-
cancellable operating leases as follows,
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
807
135
807
942
942
7.749
26.
Related party transactions
During the year the charity made purchases of £4,553 12023 - £1,737} from A W Electrical Services
Nomich, a business under the control of a close family member of Lynda Wilkinson. Lynda Wilkinson is
8150 a director of A W Electrical Services Norwich.
Page 35