Registered number: 04103670
Charity number: 1117051
Henderson
Trust
HENDERSON TRUST
(A Company Limited by Guarantee)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

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 Flnan¢lal Statements
10-13
Statement of Financial Activities
14
Balance Sheet
15-16
Statement of Cash Flows
17
Notes to the Financial Statements
18-36

HENDERSON TRUST
IA Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE TRUST, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
C Brown (resigned 2 June 20251
S Earl
C E Eyers
N V Harmer
P Hutson
L E McCartney-Gray
J Vilkovilch
M W Wheeler lappoinled 12 June 2025)
L J Wilkinson, Chair
P F Gosling lappoinled 21 August 2025}
Company registered
number
04103670
Charity registered
number
1117051
Registered office
The Henderson Business Centre
51 Ivy Road
Norwich
Norfolk
NR5 8BF
Company secretary
K Ward {appoinled 2 July 20241
N Craig (resigned 2 July 2024}
Chlef Executlve Offlcer M Packer (appointed 1 August 20241
N Craig (resigned 31 July 20241
Independent audltor
MA Partners Audit LLP
Chartered Accountants & Statutory Auditors
7 The Close
Norwich
Norfolk
NR14DJ
Sollcltors
Leathes Prior
74 The Close
Norwich
NR14DR
Page 1

HENDERSON TRUST
(A Company Llmited by Guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2026
The Trvslees present their annual report together with the audited financial statements of the Trust for the year 1
April 2024 to 31 March 2025. The Annual Report serves the purposes of both a Trustees, report and a direclors,
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 ISORPI 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 2019).
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.
Objectives and activltles
a. Poli¢les and objectlves
Henderson Trust's governing document is its Memorandum and Articles of Association which stales that its
objectives are
.to promote the public benefit of urban regen8ralion 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 opportunities
To provide facilities, services or assistance to people who are aged, have disabilitie5, Sick or in need
To promote good health
To provide housing {nol extending to relieving local authorities or other bodies of their statutory duly}
To provide or improve community, social, recreational and leisure facilities
To promote the conservation, protection and improvement of the physical and natural environment
To improve infrastructure and transportation facilities
To improve community safety through prevention andlor reduction of crime, anti-social behaviour,
protection of property and support of victims of crime, and promole 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 lo 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
Work with partners to undertake community development
Page 2

HENDERSON TRUST
IA Company Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Objectives and activities (continued)
c. Activities undertaken to achieve objectives
Existing directly managed projects were..
The provision of activities and support to vulnerable young people in Ihe community
The provision of activities and support to older people in the community
The provision of accommodation for local bodies
The provision of activities and support to local families
The management of a local community 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
Revlew of actlvltles
Total incoming resources for the period were £650,430 {2024 - £662,031). Total resources expended were
£651.82512024- £658,61n.
Cost of Achieving Objectives
Community activity costs lotaling £185,79412024 - £187, 74n relate lo 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 significant of these are the key performance indicators IKPlsl.
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 as follows..
2025
2024
Direct costs and grants less voluntary income
Investment income less support and governance costs
Net movement in funds
{493,646} 1519,4571
489,807
522,871
11.395)
1491,0071
Page 3

HENDERSON TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Financial review
Going concern
After making appropriate enquiries. the Trustees have a reasonable expectation that the Trust has adequate
resources to continue in operational existence for Ihe foreseeable future. For this reason, Ihey continue lo adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the accounting policies.
b. Reserves policy
The total funds of the charity were £5,133,965 al 31 March 202512024 - £5, 135,3601. At the balance sheet date
the charity had free reserves of £18,24012024 - no free rese￿￿$).
The Trustees aim lo hold £100,000 working capital in the bank account. Al the year end dale, the balance was
£93,931 (2024 - £164, 941). In addition the Trust holds a portfolio of saleable property assets. There are no plans
lo sell these assets but they could be realised if required to meet costs or lo fund desirable project work.
Structure, governance and management
Constitution
Henderson Trust is registered as a charitable company limited by guarantee and was set up by a Memorandum
of Association.
The company is consliluted 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 Notwich and comprises approximately 4,000 households and
approximately 12,000 residents.
Henderson Trust works in participation with residents and with providers of services lo Ihe public to reduce levels
of disadvantage in the area, specifically those associated with:
Crime and community safely
Education
Health
Unemployment
The physical environrnent
Henderson Trust - Mission
The purpose of Henderson Trust is to..
Enable the community led, long lasting regeneration of the North and Wesl Earlham, Larkham and Marlpil
neighbourhoods of Notwich.
Page 4

HENDERSON TRUST
{A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management {continuedl
This will be done by..
Helping lo build partnerships between agencies and the community to 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 services
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 appolntment or election 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.
c. Organisational structure and decision.maklng pollcies
The Memorandum and Articles of Association allow for up to len 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 Trustees:
C Brown (resigned 2 June 20251
S Earl
C E Eyers
N V Harmer
P Hutson
L E McCartney-Gray
J Vilkovilch
M W Wheeler lappoinled 12 June 2025)
L J Wilkinson (Chairl
Page 5

HENDERSON TRUST
(A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management l¢ontlnued)
Henderson Trust Board
What it does..
Defines and ensures compliance wilh the values and objectives of the Trust
Establishes plans to achieve these objectives
Monitors the Trust's performance in relation to its plans, budget controls and decisions
Approves each year's budget and accounts before publicalion
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 framework of delegation of its powers to committees and employees with
proper systems of control
Appoints senior management
Takes appropriate legal and professional advice
Other Committees
Henderson Trust's Boaré may delegate various powers lo subcommittees. These committees are either
empowered lo 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 Ihe 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 lo be members
Members will be allowed only one vote
There will be no further delegation of responsibilities
Matthew Packer is the Chief Executive Officer ICEOI and Head of Charity. The CEO is authorised to..
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. Policies adopted for the induction and trainlng of Trustees
New Trustees are invited to attend briefing sessions to familiarise themselves with the Trust and ils operational
context. A handbook is given lo each Trustee which contains key documents and information. Trustees are also
supported to attend relevant training events lo facilitate a greater understanding of their role.
Page 6

HENDERSON TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management {¢ontinuedl
e. Pay policy for key management personnel
The Truslees consider the Chief Executive Officer and the Business 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 Services pay rates.
Salaries are sel bearing in mind the need lo altracl and relain staff and maintain levels of motivation. Salaries
also reflect the unusLtal nature of the Trust's operations in that il is a charity which has some operations in a
highly competitive and cost-sensitive sector. All salaries are reviewed at least annually and at this lime the
following factors are considered..
National levels of pay award or pay restraint
The relative performance of the employee and the organisation
The Trust's ability to sustain payroll costs
f. Financlal rlsk management
The Trustees have assessed the major risks lo which the Trust is exposed, in particular those related to the
operations and finances of the Trust, and are satisfied that systems and procedures are in place to mitigate
exposure lo 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 others recognised by the Trust there are preventative measures in place and mitigating
strategies. Where appropriate this involves seeking professional. external advice and pulling in place insurance
arrangements.
The system of internal control includes..
A six-monlhly review al Board meetings of the Trust's risk register
Developments within existing risks, or new risks, are brought to Tru51ees' attention at the earliest
opportunity. Written updates of such developments are provided to Trustees immediately via email {if
necessary) and within the agenda of the next available Trustee meeting.
An annual budget and six-monthly review of expenditure against budget
An annual review of all policies and procedures
Clearly defined limits of authority
Page 7

HENDERSON TRUST
IA Company Limited by Guarantee}
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Plans for future periods
Priorities for 2025126
Experience has shown th31 the resources of the Charity are insufficient lo make a positive contribution to all of
the Trust's objectives in any one year. It 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 at the Charity's
disposal.
The operational Ihemes for the period April 2025 to March 2026 will be..
Skills development
Henderson Business Centre
The Henderson Community Park
Social inclusion
The Trust adopted a sustainability policy in October 2022 setting 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 to 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 a
budget has been sel aside for the inslallalion.
The CEO will undertake a process to combine two roles within the Community services delivery members of staff
in order to increase efficiencies and put the Charity in a stronger financial posilion which will contribute lo ils
long-lerm sustainability,
In early 2026. Trustees will be completing a review of the future strategic direction of Henderson Trust. This
process will involve examining the Trust's current provision of services and formulating strategic priorities for
futur8 years based upon the Trust's objectives and available resources.
Additionally, the Trust will undertake a review of ils organisalional governance arrangements to ensure they meet
all regulatory requirements and current good practice.
Page 8

HENDERSON TRUST
{A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Statement of Trustees. responsibilities
The Trustees (who are also the directors of the Trust for the purposes of company law) are responsible for
preparing the Trustees, Report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice}.
Company law requires the Trustees to prepare financial statements for each financial year. Under company law,
the Trustees musl not approve the financial slalements unless they are satisfied that they give a true and fair
view of the slate 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 Truslees are required to..
select suitable accounting poSicies 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 to any material
departures disclosed and explained in the financial statements,,
prepare the financial statements on the going concern basis unless il is inappropriate to presume that the
Trust will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Trust's transactions and disclose with reasonable accuracy al any lime the financial position of the Trust and
enable them to ensure that the financial slalements 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.
Dlsclosure 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 inform81ion 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 lo establish that the charity's auditor is aware of that information.
Auditor
The auditor, MA Partners Audit LLP, has indicated their willingness to continue in office. The designated
Trustees will propose a motion reappointing the auditor al a meeting of the Trustees.
Approved by order of the members of the Board of Trustees and signed on their behalf by..
L J Wilkinson
(Chair of Trustees)
Date.. 23 October 2025
Page 9

HENDERSON TRUST
IA Company Limited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HENDERSON TRUST
Opinion
We have audiled the financial statements of Henderson Trust Ilhe 'Trust') for the year ended 31 March 2025
which comprise the Slalemenl of Financial Aclivilies. the Balance Sheet, the Statement 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 state of the charitable company's affairs as at 31 March 2025 and of its
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 a¢¢ordan¢e with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) IISAS IUKI} and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit
of the financial slalemenls section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom.
including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other elhical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is
sufficient and appropriate lo provide a basis for our opinion.
Concluslons relating to going concern
In auditing the financial slatemenls, 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 the work we have performed. we have not identified any material uncertainties relating lo 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 ￿e1ve months from when the financial stalements are
aulhorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going Concern are described in the
relevant Sections of this report.
Page 10

HENDERSON TRUST
(A Company Limited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HENDERSON TRUST ICONTINUEDI
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 lo the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion
thereon. 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 otherwise appears lo be materially misstated. If we idenlify such material inconsistencies or apparent
material misstatements, we are required lo 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 prescribed 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 statements.
the Trustees, Report has been prepared in accordance with applicable legal requirements.
Matters on whlch we are requlred 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 lo report in respect of the following matters in relation to which Companies Act 2006 requires
us to report lo 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 agreement 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 to prepare the financial slatemenls in accordance with the small companies
regime and lake advantage of the small companies, exemptions in preparing the Trustees, Report and
from the requirement to prepare a Strategic Report.
Page11

HENDERSON TRUST
(A Company Limited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HENDERSON TRUST {CONTINUEDI
Responslbilities 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 lawl are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the
Trustees determine is necessary to enable the preparation of financial slalemenls that are free from material
misstatement, whether due lo fraud or error,
In preparing the financial stalernents. the Trustees are responsible for assessing the charitable company's ability
lo continue as a going conGern, disclosing, as applicable, matters related lo going concern and using the going
concern basis of accounting unless the Trustees either intend to liquidate the charitab18 company or to Cease
operations, or have no realistic alternative bul lo do so.
Auditor's responsibilities for the audlt of the flnanclal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error. and to issue an Auditor's Report that includes our
opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in
accordance with ISAS IUK) will always detect a material misstatement when it exists. Misstatements 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 Ihese financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities. outlined above, lo detect material misstatements in respect of irregularities,
including fraud. The extent to which our procedures are capable of delecling irregularities, including fraud is
detailed below.
Explanation as to what extent the audlt was Consldered capable of detecting irregularities, Including
fraud
The objectives of our audit in respect of fraud. are,. to identify and assess the risks of material misslalement of
the financial statements due lo fraud,. lo obtain sufficient appropriate audit evidence regarding the assessed risks
of material misslalemenl due to fraud, through designing and implementing appropriate responses to those
assessed risks,. and lo respond appropriately lo 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 lo the charity and
considered that the most significanl are the Charities Act 2011 and UK financial reporting standards
as issued by the Financial Reporting Council.
We obtained an understanding of how the charity complies with these requirements by discussions
with 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 it 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
IA 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 to 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 delect all irregularities, including
those leading lo a material misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to 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 stalements is located on the Financial
Reporting Council's website at.. www.frc.or
. uklaudilorsres
onsibilities. This description forms part of our
Auditor's Report.
Use of our report
This report is made solely to the charitable company's members, 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 stale to the charitable
company's members those matters we are required to slate lo 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 to anyone other than
the charitable company and ils members, as a body, for our audit work, for this report, or for the opinions we
have formed.
All¢e Lynch Bsc FCA DChA (Senior Statutory Auditor)
for and on behalf of
MA Partners Audit LLP
Chartered Accountants & Statutory Auditors
7 The Close
NoNich
Norfolk
NR14DJ
Date..
Page 13

HENDERSON TRUST
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNT}
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted
funds
2025
Restricted
funds
2025
Total
funds
2025
Tolal
fuiids
2024
Note
Income from:
Donations and legacies
Investments
Other income
14,562
565,996
67,428
81,990
565,996
83,219
578.812
Total income
583,002
67,428
650,430
662. 031
Expenditure on:
Charitable activities
569,077
82,748
651,825
658,617
Total expendlture
569,077
82,748
651,825
658,677
Net Incomel{expenditurel before net
losses on investments
Net losses on investments
13,925
(15,3201
11,3951
3,414
(182. 42 7)
Net movement in funds before other
recognised gainslllossesl
13,925
115,3201
11,3951
(179,007)
Other recognised gainslllossesl:
Losses on revaluation of fixed assets
(312, OOOJ
Net movement in funds
13,925
{15,320)
(1,395)
(491.007)
ReconcS1iatlon of funds.,
Total funds brought forward
Net movement in funds
4,810,859
13,925
324,501
115,3201
5,135,360
11,3951
5, 626, 367
(491,007)
Total funds carrled forward
4,824,784
309,181
5,133,965
5. 735,360
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 18 to 36 form part of these financial slalements.
Page 14

HENDERSON TRUST
IA Company Limited by Guarantee)
REGISTERED NUMBER.. 04103670
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Note
Fixed assets
Tangible assets
Investment property
13
14
2,843,985
2,225,384
2, 852, 807
2, 225, 384
5,069,369
5.078, 191
Current assets
Debtors
116,598
93,931
34,596
164,941
Cash at bank and in hand
210,S29
199,537
Current liabilities
Creditors.. amounts falling due within one
year
16
{145,933)
(142.368)
Net current assets
64,596
57, 169
Total net assets
5,133,965
5, 135,360
Charlty funds
Restricted funds
Unrestricted funds
309,181
4,824,784
324,507
4,810,859
Total funds
5,133,965
5, 135,360
Page15

HENDERSON TRUST
{A Company Limited by Guarantee)
REGISTERED NUMBER: 04103670
BALANCE SHEET {CONTINUED}
AS AT 31 MARCH 2025
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 lo entities 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.. 23 October 2025
The notes on pages 1810 36 form part of these financial statements.
Page 16

HENDERSON TRUST
IA Company Limited by Guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Note
Cash flows from operating activities
Net cash used in operating activities
21
183,5351
16,718
Cash flows from Investing actlvlties
Purchase of tangible fixed assets
17,4751
(6, 558)
Net cash used in Investing activities
{7,4751
{6,5581
Change In cash and cash equivalents In the year
Cash and cash equivalents at the beginning of the year
171,0101
164,941
10,160
154, 781
Cash and cash equivalents at the end of the year
22
93,931
164,941
The notes on pages 18 to 36 form part of these financial statements
Page 17

HENDERSON TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
General information
Hender50n Trust is a company limited by guarantee and registered in England and Wales. The Members
of the 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 limiled lo £10 per Member of the company.
A¢¢ountlng policies
2.1 Basis of preparatlon of financlal statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 102)
Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS 102) leffeclive 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006.
Henderson Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historical cost or transaction value unless otherwise staled in the relevant
accounting policy.
2.2 Going Concern
The Trustees have a reasonable expectation that Ihe Trust has adequate resources lo continue in
operational existence for the foreseeable future. For this reason, the Trustees continue lo adopt the
going concern basis in preparing the financial slatemenls.
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 grants) are included in the Slalemenl 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.
2.4 Expenditure
Expenditure is recognised once Ihere 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 associaled support costs.
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 lo conditions which have not been mel al the year end are noted as a
commitment. but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
Page18

HENDERSON TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies Icontinuedl
2.S 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 nolificalion of the interest paid or payable by the institution
with whom the funds are deposited.
2.6 Tangible fixed 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 lo be the higher of its fair value
less costs lo sell and ils value in use. An impairment loss is recognised where the carrying amount
exceeds the recoverable amount.
Tangible fixed assets are carried al cost or valuation, net of depreciation and any provision for
impairment. Depreciation is provided at rates calculated to 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
Plant and machinery
Motor vehicles
Fixtures and fittings
Play equipment
Not depreciated
100/4 33 % straight line
20 /0 slraighl line
4 10 - 1 OQ/o Straight line
1 00/0 slraighl 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 asset 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 al its cost, including transaction costs. Subsequent lo 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 al the amount prepaid net of any Irade discounts due.
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 dale of acquisition or opening of the deposit or similar account.
Page 19

HENDERSON TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies Icontinuedl
2.10 Llabilities and provislons
Liabilities are recognised when there is an obligation at the Balance Sheet dale as a result of a past
event. il is probable that a transfer of economic benefit will be required in seltlemenl, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Trust anlicipale5 It will pay to settle the debt or Ihe
amount it has received as advanced payments for the goods or services il must provide.
2.11 Financial instruments
The Trust only has financial assets and financial liabilities of a kind that qualify as basic financial
inslrumenls. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value.
2.12 Pensions
The Trust operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Trust to the fund in respecl of the year.
2.13 Fund accounting
General funds are unreslricled funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Trust and which have not been designated for other
purposes.
Restricted funds are funds which are to 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 set out in the notes lo the financial slatemenls.
Page 20

HENDERSON TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Critical accounting estimates and areas of judgment
Estimates and judgments are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed lo 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 lo the carrying amounts of assets and liabilities within the next financial year are discussed
below.
Critical accounting estimates and assumptions:
Impalrments
Impairments are recognised 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. Eslimales 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 the actual price that would be achieved
in an arm's length commercial sale transaction at the reporting date.
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.
Page 21

HENDERSON TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from donatlons and legacies
Unrestri¢ted Restricted
funds
funds
2025
2025
Total
funds
2025
Total
fu17ds
2024
Donations
12.562
2,000
12,562
69,428
9, 605
73,614
Grants
67,428
14,562
67.428
81,990
83,219
Tolal 2024
71,605
71,614
83,219
Page 22

HENDERSON TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Investment income
Unrestricted
funds
2025
Total
funds
2025
Total
fui?ds
2024
Rental income
Bank interest
Fire station rental income
350,888
1,343
213,765
350,888
1,343
213,765
363, 781
1,266
213, 765
565,996
565,996
578,812
Total 2024
578.812
578,812
Other Incomlng resources
Unrestricted
funds
2025
Total
funds
2025
Tolal
fiii?ds
2024
Other income
2,444
2,444
Page 23

HENDERSON TRUST
(A Company Limited by Guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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 oul below..
2025
2024
Foodbank
Household Support
NR5 Community Hub
West Earlham Junior School
Norwich Choi Kwang Do
Inlouniversily Norwich
Society Alive
13,431
12,210
7,500
500
500
500
500
500
15,931
13,710
Analysls of expenditure on charitable activities
Summary by fund type
Unrestricted Restricted
funds
funds
2025
2025
Total
2025
Total
2024
Regenerat'n & Facility Manag'enl
Henderson Business Centre
Community Delivery
Cadge Road Community Centre
350,025
104,030
87.115
27,907
350,025
104,030
169,863
27,907
352, 989
105. 330
174.037
26.267
82,748
569,077
82,748
651,825
658,617
Total 2024
577,894
80. 723
658,617
Page 24

HENDERSON TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of expenditure by activities
Activities
Grant
undertaken funding of
directly
activities
2025
2025
Support
costs
2026
Total
funds
2025
Tolal
fiii?ds
2024
Regenerat'n & Facility
Manag'enl
Cadge Road Community
Centre
Community Oelivery
Henderson Business Centre
260,734
15,931
73,360
350,025
352, 989
25,078
169,863
104,030
2.829
27,907
169,863
104,030
26.267
774.037
705, 330
559,705
15,931
76,189
651,825
658,617
Total 2024
588, 966
13,710
55.941
658,617
Analysis of dlre¢t costs
Regenerat'n Cadge Road
Henderson
& Facility Community Community Business
Manag'ent
Centre
Delivery
Centre
2025
2025
2025
2025
Total
funds
2025
Total
fu17ds
2024
Staff costs
Depreciation
Operating costs
25,078
169,863
104,030
298,971
16,297
244,437
303, 797
22,393
262, 776
16,297
244,437
260,734
25.078
169.863
104,030
559,705
588. 966
Total 2024
285. 169
24,430
174,037
705.330
588.966
Page 25

HENDERSON TRUST
(A Company Limited by Guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of expenditure by activities Icontlnuedl
Analysis of support costs
Total
funds
2025
Total
fuiids
2024
Staff costs
Operating costs
Governance costs
34,526
30,908
10,755
23.257
20, 802
11,882
76,189
55,941
10. Auditor's remuneration
The auditor's remuneration amounts to an auditor fee of £6,400 (2024 - £4,555), and other services of
£1,60012024- £1, 1511.
11.
Staff costs
2025
2024
Wages and salaries
Social security costs
Contribution lo defined contribution pension schemes
292,800
23,618
17,079
287,549
22,215
17,290
333,497
327,054
The average number of persons employed by the Trust during the year was as follows..
2025
No.
2024
Management
Administration
Project based
10
Page 26

HENDERSON TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
11.
Staff costs (continuedl
No employee received remuneration amounting lo more than £60,000 in either year.
The lolal remuneration for key management personnel, including employer pension contributions and
employer national insuranc8 contributions, for the year tolalled £99,40012024 £97, 2731.
12.
Trustees, remuneratlon and expenses
During the year, no Trustees received any remuneration or olher benefits f2024 - £NILJ.
During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL).
Page 27

HENDERSON TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
13.
Tangible fixed assets
Freehold
Motor
property Equipment vehicles
Fixtures and
fittings
Play
equipment
Total
Cost or valuation
At 1 April 2024
Additions
8,242,849
63.535
4,994
8,540
70,927
2,481
145,288 8.531,139
7,475
Al 31 March 2025
8,242,849
68,529
8,540
73,408
145,288 8,538,614
Depreciatlon
Al 1 April 2024
Charge for the year
5,437,849
55,158
6,308
6,802
1,708
40,678
6,352
137,845 5,678,332
1,929
16,297
At 31 March 2025
5,437,849
61,466
8,510
47,030
139,774 S,694,629
Net book value
At 31 March 2025
2,805,000
7,063
30
26,378
5,514 2,843,985
Al 31 March 2024
2. 805. 000
8,377
1,738
30, 249
7.443 2.852. 807
The freehold property was valued on 1 September 2023 by an external valuer, S M L Kingston Bsc
IHons} MRICS of Roche Chartered Surveyors. The valuations were in accordance with the requirements
and guidelines sel out in the Royal Institution of Chartered Surveyors IRICSI Valuation
Global
Standards 2020 (which incorporate the International Valualion Standards 20171 and the UK national
supplement.
The Trustees do not believe any further material movement in valuation has arisen since that date.
Page 28

HENDERSON TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
14.
Investment property
Freehold
investment
property
Valuation
Al 1 April 2024
2,225,384
Al 31 March 2025
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
2025
2024
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income
97,857
160
18,581
21,850
4,644
8, 102
116,598
34,596
16.
Creditors: Amounts falling due within one year
2025
2024
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
14,246
29,981
40,040
61,666
7, 600
27,029
44.532
63,207
145.933
142,368
Page 29

HENDERSON TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
17.
Deferred income
2025
2024
Deferred income at 1 April 2024
Resources deferred during the year
Amounts released from previous periods
48,844
48,844
148,8441
48,844
48,844
(48,844)
Deferred income at 31 March 2025
48,844
48,844
Page 30

HENDERSON TRUST
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
18.
Statement of funds
Statement of funds - current year
Balance at 1
April 2024
Balance at 31
Expenditure March 2026
Income
Unrestricted funds
General Funds
4,810,859
583.002
{569.0771 4,824,784
Restricted funds
Capital fund
NR5 Hub Worker
Youth Drop In
Covid 19 Response
Games Area
Outside The Box
Opt In
Get Set
262,825
4,538
14,364
6,270
5,396
4,665
5,318
14,611
1,241
985
262,825
4,538
10,966
6,270
5,396
4,665
6,530
1,063
14,461 }
11,671
12,571
{10,4591
{27,1821
Kickstart
This Girl Can
Household Support Fund
Community Development
Sil Fil
Girls Group
1,241
985
3,050
550
3,600
37,960
{1,1001
{37,9601
1,111
2,627
563
14751
2,715
324,501
67,428
(82,748)
309,181
Total of funds
5,135,360
650,430
1651,825} 5,133.96S
Page 31

HENDERSON TRUST
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
18. Statement of funds {continuedl
The restricted capital fund represents restricted fixed asset funding. Fixed asset funding has been
treated as restricted as should any granl 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 lo deliver community activities
to families and young people through the NR5 Communily Hub and to work with Henderson Trust staff lo
develop the project with the aim of becoming more self sustaining.
Youth Drop In funding was received lo support the youth drop in, an informal youth club which provides
a safe place for young people with fun activities and a meal.
Covld 19 Response This fund relates lo funding received lo 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 to a grant received to fund new play equipment.
Outslde The Box - ID project - 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 Activities for 10-16 year olds during the school holidays.
Kickstart - Government programme lo help young people into work.
This Girl Can - Free yoga sessions for women,
Household Support Fund - Money to enable Henderson Trust to provide food vouchers for local
families in need & lo provide Energy lop ups for the over 555.
Community Development the funds received relate to grants specifically received for the Sorted.
Connect and Not About the Bike projects the charity is running.
Sit Fit - the funds received relate to grants received specifically for running a chair fitness for over 50s
service.
Girls Group - This fund relates to funding received for a formal youth club with targeted admission, for
girls who are more vulnerable and would benefit from the social aspects of the group.
Craft Connections - This fund is for running a weekly wellbeing group for women. This is funded by East
of England Co-op.
Page 32

HENDERSON TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
18.
Statement of funds {continuedl
Statement of funds - prlor year
Balai?cg al
31 March
2024
Bala17ce al
l April 2023
Gail?
(Losses)
liicoine
Expenditure
Unrestricted funds
General Funds
5.292. 757
590,477
(577.894)
(494.427)
4.810.859
Restricted funds
Capital fund
NR5 Hub Worker
Youth Drop In
Covid 19 Response
Games Area
Outside The Box
Opt In
Get Sel
Craft Conneclions
Kickslart
This Girl Can
Household Support Fund
Community Development
Sit Fit
Girls Group
262, 825
24,867
15,372
6,270
5.396
4,665
4,649
4, 035
2, 905
1,247
985
400
262, 825
4,538
14.364
6.270
5,396
4, 665
5,318
14,611
(20.329)
(3,925)
2,917
4,500
15,874
(3,831)
(5, 298)
(2, 905)
1,241
985
550
1,600
41,329
2,477
2,977
(1,450)
(41,329)
(1,366)
(290)
1,711
2,627
333.610
71,674
(80, 723)
324,501
Total of funds
5,626,367
662, 031
(658,617)
(494,427)
5. 135.360
Page 33

HENDERSON TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
19.
Summary of funds
Summary of funds - current year
Balance at 1
April 2024
Balance at 31
Expenditure March 2025
Income
General funds
Restricted funds
4,810,859
324,501
583,002
67,428
1569,0771 4,824,784
182,7481
309,181
5,135.360
650,430
1651,8251
5,133,965
Summary of funds - prlor year
Bala17ce at
31 March
2024
Balance al
1 Apiil 2023
Gains/
(Losses)
Incoino
Expe17diÈuiE
General funds
Reslricled funds
5, 292, 757
333.610
590,417
71,614
(577, 894)
(80, 723)
{494.421)
4.810.859
324,501
5.626,367
662, 031
(658, 617)
(494.421)
5. 135,360
20.
Analysls of net assets between funds
Analysls of net assets between funds - current year
Unrestricted Restricted
funds
funds
2025
2026
Total
funds
2025
Tangible fixed assets
Investmenl property
Current assets
Creditors due within one year
2,581,160
2,225,384
164,173
1145,9331
262,825
2,843,985
2,225,384
210,529
114S,9331
46,356
Total
4,824,784
309,181
5.133.965
Page 34

HENDERSON TRUST
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
20. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
U17reslriGted Restricled
fiii?ds
fui?ds
2024
2024
Total
fiii?ds
2024
Tangible fixed assets
Investment property
Current assets
Creditors due within one year
2. 589. 982
2, 225.384
t37.867
(142,368)
262. 825
2, 852, 807
2, 225, 384
199,537
(742,368)
61,676
Total
4,810.859
324, 501
5, 735, 360
21.
Reconclllatlon of net movement In funds to net cash flow from operating a¢tivitles
2025
2024
Nel expenditure for the year las per Statement of Financial Activities)
(1,39S)
(179,007)
Adjustments for:
Depreciation charges
Increase in debtors
Increasel{decreasel in creditors
Investment property revaluation
16,297
{82,002)
3,566
22,393
(4, 544)
(4, 545)
182,421
Net cash provided byl{used in) operating actlvlties
{63,5351
16, 718
22. Analysis of cash and cash equivalents
2025
2024
Cash in hand
93,931
164,941
Total cash and cash equivalents
93,931
164,941
Page 35

HENDERSON TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
23.
Analysis of Changes in net debt
At 1 April
2024
At 31 March
2025
Cash flows
Cash at bank and in hand
164,941
(71,0101
93,931
164,941
{71,0101
93,931
24. Pension commitments
The Trust operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the Trust in an independently administered fund, The pension cost charge
represents contributions payable by the Trust to the fund and amounted lo £17,07912024 - £17.2901.
25. Operatlng lease commltments
At 31 March 2025 the Trust had commitments to make future minimum lease payments under non-
cancellable operating leases as follows..
2025
2024
Not later than 1 year
Later than 1 year and not later than 5 years
135
807
135
135
942
The following lease payments have been recognised as an expense in Ihe Statement of Financial
Aclivilies.
2025
2024
Operating lease rentals
807
807
26. Related party transa¢tlons
During the year the Trust made purchases of £5,091 {2024 £4,553) from A W Electrical Services
Norwich, a business under the Control of a Close family member of Lynda Wilkinson. Lynda Wilkinson is
also a director of A W Electrical Services Nomich.
Page 36