Charity Registration Number 1122569
New Heritage Foundation
Non-audited Financial statements
31 December 2023

New Heritage Foundation
Trustees, Report and Accounts
For the Year Ended 31 December 2023
CONTENTS
Pages
Trustees, Report
Independent Examiner's report
Statements of Financial Activities
Balance Sheet
Cash Flow Statement
Notes to the Accounts
10
11-15

New Heritage Foundation
Trustees, Report and Accounts
For the Year Ended 31 December 2023
TheTrustees presenttheir report and accounts for the year ended 31 December 2023.
Trustees who completed their terns of office during the Financial Year 2023
Timothy Vince
Simone Susan Vince
Principal Office
Holland Cottage
Kingsgate Bay Road
BROADSTAIRS
10 3QL
Chair
Timothy Vince

New Heritage Foundation
Trustee< Report and Accounts
For the Year Ended 31 December 2023
The financial statements comply with the Charities Act 2011, and Accounting and
Reporting of Charities: Statements of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) {effective l January 2015).
Introduction
The purpose of the Charity is the promotion of religious harmony for the benefit of
the public by:
(a) educating the public in different religious beliefs including an awareness of
their distinctive features and their common ground to promote good relations
between persons of different faiths;
(b) promoting knowledge and mutual understanding and respect of the beliefs and
practices of different religious faiths, including Christian minorities; and
The Charitywill also drive to advance the Christian and Jewish religions for the benefit
of the public through the holding of conferences, forums and tours to enlighten others
about these religions and to promote the elimination of racial and religious prejudice.
The Charity worked on two main projects in the year. These were:
Jewish Christian Dialogue Projects:
During 2022 the Charity was approached by its Jewish friends to see if it could help
with the funding of Christian Jewish dialogue initiatives which fit with its charitable
objectives. A new organisation UK Israel Future Projects Ltd (UKIFP company limited
by guarantee) was formed with funding from a high networking initiative by Lord
Reading. This project is ongoing in 2023.
Financial Review 2023
Income
Income for 2023 arnounted to £70,950 (2022: £83,985). A majority of the donations
were from public figures where gifts in their entirety were passed onto good causes.
Expenditure
Charitable expenditure for 2023 amounted to £116,670 (2022: £38,186). Most of this
expenditure related to gifts made too good causes £115,950 (2023: £18,055).

New Heritage Foundation
Trustees, Report and Accounts
For the Year Ended 31 December 2023
Reserves
Total reserves as at 31 December 2023 were £385 {2022: £46,105).
All reserves held by the charity were unrestricted reserves. Further details of the New
Heritage Foundation's reserve policy can be found on page 7.
Public Beneflt Statement
The Trustee5 confirm that they have complied with the duty in section 4 of the
Charities Act 2011 to have due regard to the Charity Commission's general guidance
on Public Benefit, Charities and Public 8enefit.
New Heritage Foundation's charitable purpose, contained within its objects is
promoting religious harmony for the benefit of the public and bringing together
religious leaders to help provide information and education on inter-community
tensions and avert conflict. The Trustees ensure that this purpose is carried out for
the public benefit by delivering Se￿ICe$ that fit within the core funding received for
this purpose.
Structure, Governance and Management
The Charity is registered with Charities Commission and governed by a Charity trust
deed. This trust deeds follows:
The New Heritage Foundation Board is the ultimate decision-making body
to manage the organisation on a day-to-day basis.
The minimum number of trustees is two.
Trustees are appointed for a term of three years
Any eligible trustees may be reappointed.
If the number of trustees falls below the quorum of two, none of the powers
or discretions conferred by this deed or by law on the trustees shall be
exercisable by the remaining trustees except the power to appoint new
trustees.
If a vacancy occurs the trustees must note the fact in the minutes of their
next meeting. Any eligible trustee mayibe re-appointed.

New Heritage Foundatlon
Trustees, Report and Accounts
For the Year Ended 31 December 2023
Plans for the future
The Charity was established to enhance inter communal fellowship through events,
conferences and tours. 2022 saw an increase of activity due to the war in Ukraine and
an increase of requests for Jewish Christian dialogue conferences. For example, there
are on80ing requests for support with initiatives such as from Lord Reading and the
Villa Melchett project to enhance Israel, UK and US religious dialogue. All money
received will continue to be passed on to these projects without administration
charges.
Statement of Trustees, Responsibillties
The Trustees 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).
In preparing these financial statements, the Trustees were required to:
Select suitable accounting policies and then apply them consistently.
Observe the methods and principles in the Charities SORP 2015 {FRS 102).
Make judgements and estimates that are reasonable and prudent.
State whether applicable UK Accounting Standards have been followed,
subject to any material departures disclosed and explained in the financial
statements; and
Prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for safeguarding the assets of the Charity and hence for
taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Trustee Indurtion and training
Once new Trustees have been appointed, they are invited to meet otherTrustees and
are briefed on their legal obligations undercharityand company law. Existing Trustees
are directed to the current government advice and guidance on the Charities
Commission website.
Organisation

New Heritage Foundation
Trustees, Report and Accounts
For the Year Ended 31 December 2023
The governing body of the Charity is the Board of Trustees, which met 2 times during
the financial year 2023 (2022: 2)
Risk and Internal Control
The Trustees have overall responsibility for ensuring that the Charity has an
appropriate system of controls, financial and otherwise.
Trustees are also responsible for safeguarding the assets of the Charity and taking
reasonable steps for the prevention and detection of fraud and other irregularities
providing reassurance that:
The Charity complies with relevant laws and regulations.
Its assets are Safeguarded against unauthorised use or disposition.
Proper records are maintained, and financial information used within the
Charity or for publication is reliable.
The charity is vigilant with regards to risk management with regular reference to the
Charity Commission website and online publications. All planned activities are
a5se5sed to ensure they comply with current legislation.
The principal risks facing the charity are reputational as the Charity operates in the
sensitive area of religious dialogue. The donations received are via personal
relationships with the 100% of funds sent without any deductions to the good causes.
The strengths that come with this transparent approach are also a weakness in that
Charity does not hold any reserves.
Reserves Policy
The Trustees have examined the charity's requirements facing it in the next 12-18
month5. As there are no staff and premises costs to consider minimal amounts are
kept for reserves. The balance as at 31 December 2023 for unrestricted reserves is
£385
022: £46,105).
Timothy Vince
Chair
Date: 10 July 2024

New Herltage Foundation
Trustees, Report and Accounts
For the Year Ended 31 December 2023
Independent Examiners Report to the Trustees of New Heritage Foundation
For the year ended 31 December 2023
report to the Trustees on my examination of the accounts of New Heritage
Foundation "the chariw, for the year ended 31 December 2023.
Responsibilities and basis of report
As the charitvs trustees you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 ('the Act'}.
I report in respect of my examination of your charivs accounts as carried out under
section 145 of the 2011 Act and in carrying out my examination I have followed all
applicable Directions given by the Charity Commission under section 145(5) (b) of the
Act.
Independent examinerfs statement
I have completed my examination. I confirm that no matters have come to my
attention in connection with the examination giving me cause to believe that in any
material aspect:
l. accounting records were not kept in respect of the charity as required by
section 130 of the Act; or
2. the accounts do not accord with those records: or
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a
proper understanding of the accounts to be reached.
Kim Pearson
Independent Examiner
ICAEW
Date: 10 July 2024

New Heritage Foundation
Trustees, Report and Accounts
For the Year Ended 31 December 2023
Statement of Financial Artivities
Including Income and Expenditure Account
For the year ended 31 December 2023
Unrestrirted
Funds
Total
2023
Total
2022
Notes
Income
Donations and legacies
70,950
70,950
83,985
Total incoming resources
70,950
70.950
83,985
Ex
enditure
Expenditure on charitable
activities
1116,670) (116,670) (38,186)
Total expenditure
1116.670) (116.6701 (38,186)
Net movement in funds
(45,720)
(45,720)
45,800
Reconciliation of Funds
Fund Balance at l January 2022
46,105
46,105
305
Total funds carried forward
385
385
46,105
All of the activities of the Charity are classified as continuing.
The notes on pages 12-16 form part of these financial statements.

New Heritage Foundatlon
Trustees. Report and Accounts
For the Year Ended 31 December 2023
Balance Sheet
2023
2022
Notes
Fixed Assets
Current Assets
Cash at bank and in hand
1.105
1.105
46,945
46,945
Credltors: amounts falling due
within one year
(720)
{840)
Net assets
385
46,105
Creditors: amounts falling after
more than one year
Total assets less current liabilities
385
46, 105
The funds of the Charity
Unrestricted funds
385
46,105
385
46,105
The notes on pages 12-16 form part of these financial statements
Approved by the Board of Trugtees 10 July 2024
and signed on its behalf bv:
rim
thy Vince
Chair

New Heritage Foundation
Trustees, Report and Accounts
For the Year Ended 31 December 2023
Statement of Cash Flows
As at 31 December 2023
2023
2022
Income for the reporting periods (as per
the statement of financial activities)
(45,720) 45,800
Changes in..
Trade and other creditors
(120)
840
Net cash flow from operating actlvities
(45.840) 46,640
Net increase/(decrease) in cash
(45.840) 46,640
Cash and cash equivalents at l January 2023
46.945
305
Cash and cash equivalents at 31 December 2023
1.105 46,945
Cash and cash equivalents conslsts of:
Cash at bank and in hand
1,105 46,945
1,105 46,945
10

New Heritage Foundation
Trustee￿ Report and Accounts
For the Year Ended 31 December 2023
Notes forming part of the Financial Statements for the year ended 31 December
2023
Accounting Policies
The principal accounting policies adopted, judgements and key sources of
estimation uncertainty in the preparation of the financial statements are as
follows:
(a) Basis of Preparation
The financial statements have been prepared in accordance with
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 (FRS 102) (effective January 2015) (Charities SORP FRS 102). Assets
and liabilities are initially recognised at historical cost or transaction value
unless otherwise stated in the relevant accounting policy notels). They are
prepared in sterling which is the functional currency of the Charity and
rounded to the nearest £1.
Ibl Preparation of the accounts on a going concern basis
The Trustees have considered the financial sustainability of the charity for
both existing and future funding streams. The Charity does not take on
any liabilities and only pays out donations frorn cleared funds. It does not
enter into agreements that it cannot honour. It operates a duty of care
and safeguarding with all stakeholders to minimise if not eliminate risk of
any financial claims.
The Trustees are confident for the next 12 to 18 months that the charity is
a going concern.
(cl Fund Accounting
Unrestricted funds are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity.
11

New Heritage Foundation
Trustee5' Report and Accounts
For the Year Ended 31 December 2023
Idl Income
All incoming resources are included in the statement of financial activities
when the Charity is entitled to the income, there is suff icient certainty of
receipt and the amount can be quantified with reasonable accuracy. The
following specific policies are applied to particular categories of income.
Donations and legacies income is received by way of donations and gifts
and is included in full in the Statement of Financial Activities when
receivable.
(e) Expenditure
Expenditure is recognised once there is a legal or constructive obligation to
make a payment to a third party, it is probable that settlement will be
required and the amount of the obligation can be measured reliably
The accounts are prepared on the accruals basis, liabilities are recognised
as resources expended as soon as there is a legal or constructive obligation
committing the Charity to expenditure.
As the Charity is not VAT registered the amounts in the income and
Expenditure include VAT, and is reported as part of the expenditure to
which it relates.
Expenditure on charitable activities comprise all the resources applied bv
the Charity in undertaking its work to meet its charitable objectives as well
as the cost of raising the funds to finance these activities. Charitable
activities are all the resources expended by the Charity in the delivery of
goods and services, including its project work that is directed at the
achievement of its charitable aims and objectives. These costs include
direct costs of the charitable activities together with those support costs
incurred that enable these activities to be undertaken, as well as
governance costs which relate to the general running of the Charity as
opposed to the direct management functions inherent in generating funds,
service delivery and programme of project work.
These activities provide the governance infrastructure which allows the
Charity to operate and to generate the information required for public
12

New Herltage Foundation
Trustees. Report and Accounts
For the Year Ended 31 December 2023
accountability and include the strategic planning purposes that contribute
to future development of the Charity.
All costs are allocated between the expenditure categories of the
Statement of Financial Activities {SOFA) on a basis designed to reflect the
use of the resource. Costs relating to a particular activity are allocated
directly, others are apportioned on an appropriate basis.
During the year the Charity had no staff and was supported by two unpaid
volunteers {2022:2), who are also the Charity Trustees. Volunteers may be
recruited for a specific event or activity. One example would be the
Ukrainian Children's Summer Camp. Volunteers were largely drawn from
Ukrainian teachers and parents of the children with some helpers from the
UK. The camp involved logistics of travel to and from Ukraine border,
insurance per person, signed parental permission and sports activities at
the Romanian campsite. Everything was carefully documented and all
expenditure accounted for.
If) Cash at bank and In hand
Cash at bank and cash in hand includes cash and short term highly liquid
investments with a short maturity of three to six months.
(g) Credltors
Creditors and provisions are recognised where the charity has a present
obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors and provisions
are normally recognised at their settlement amount after allowing for any
trade discounts due.
2 Donations and legades Income
Unrestrlrted
2023
Total
2023
Unrestricted
2022
Total
2022
Donations
70.950
70.950
83,985
83,985
Total
70,950
70.950
83,985
83,985
13

New Heritage Foundation
Trustees. Report and Accounts
For the Year Ended 31 December 2023
3 Total Expenditure
The Statement of Financial Activities provides an analysi5 of the resources
expended by the charity by the nature of activities undertaken by the charity.
Expenditure on
charitable actlvities
2022
2023
Donations paid
Travel
Events costs
Insurance
115,950
115,950
18,055
3,109
15,000
1,182
840
Accountancy
Other
Total Resource5 Expended
720
720
116,670
116,670
38,186
Expenditure in 2022 was all unrestricted.
Net (expenditure)/income is stated after charging/{crediting):
2023
2022
Renumeration for independent
examination
720
840
4 Trustees
None of the Trustees or any persons connected with them received any
remuneration or expenses during the year (2022:nil).
Employees
The average monthly number of employees during the year was nil (2022:nil).
5 Taxatlon
The Charity is registered, and no provision is considered necessary for taxation
to the extent that income and gains are apnlied to its charitable objects.
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New Heritage Foundatlon
Trustees, Report and Accounts
For the Year Ended 31 December 2023
Creditors: amounts falling due within one year
2023
2022
Accruals
Totsl
720
720
840
840
7 Analysis of Fund Movements
Balance
01/0112023
46,105
46,105
Movement in funds
Balance
Income
Expenditure 3111212023
70,950
(116,670)
385
70,950
1116,670)
Unrestricted Funds
Total Funds
385
Prior Year
Balance
0110112022
305
305
Movement in funds
Balance
Income
Expendlture 3111212022
83,985
(38,186)
46,105
83,985
{38,186)
46,105
Unrestrlcted Fund5
Total Funds
8 Analysls of Group Net Assets Between Funds
Unrestrlcted
funds
Total
Fund balances at 31 December 2023 are represented
by,.
Current Assets
Creditors: arnounts falling due within one year
1,105
(720)
1,105
(720)
Total
385
385
Fund balances at 31 December 2022 are represented
by:
Current Assets
Creditors." amounts falling due within one year
Total
46,945
(840)
46,105
46,945
(840)
46,105
9 Related party transartlons
There have been no related party transactions in the reporting period (2022:nil).
15