Charity Re8iStration Number 1122569 New Heritage Foundation Non-audited Financial statements 31 December 2024 New Heritsge Foundatlon Truste￿ Report and Accounts For the Year Ended 31 December 2024 CONTEMrs Pages Trustees, Report Independent Examinerfs report Statements of Flnancial Activities Balance Sheet Cash Flow Statement Notes to the Accounts 10 11-16 New Heritage Foundatlon Trust￿￿ Report and Accounts For the Year Ended 31 December 2024 The Trustees presenttheir report and accountsforthe yearended 31 December 2024. Trustees who completed the1ftern￿ of Offi￿ dUrf￿ the FI￿ndal Year 2024 Timothy Wince Simone Susan Wince Princlpal Offlce Holland Cottage Kingsgate Bay Road BROADSTAIRS crio 3QL Chair rimothy Wince New Heritage F￿￿latIon Trusted Report and ACc￿nts For the Year Ended 31 December 2024 The financlal ststements compty with the Charities Act 2011. and Accounting and Reporting of Charities: Statements of Recommended Prattice 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). Introductlon The purpose of the Charity is the promotion of religious harnony for the benefrt of the public by: (a) educating the public in different religious beliefs including an awareness of their distinttive feature5 and their common ground to promote good relations between persons of different faiths: {b) promoting knowledgeand mutual understandlngand respectofthe beliefs and practices of different religious faiths. induding Christian minorities; and The Charity will also driveto advance the Christian and Jewish religions forthe benefit of the publicthrough the holdin8 of conferences, forums and tours to enlighten others about these religions and to promote the elimination of racial and religious prejudice. The Charity contlnued to receive gifts in 2024 from Jewish & Christian friends to support its charitable objects. UKIFP continuesto be supported with designated funds and 'Pillar of Cloud, events have been arranged to infomi Jews and Christians concerned about events in the Middle EasL Plans were progressed forthe charity to have a physlcal base in the UK for 'in house, events. Financial Review 2024 Income Income for 2024 amounted to £37,050 (2023: £70,950). The majority of donations were contributed by the public with these ￿fts diretted entirely to charitsble causes. Expenditure Charltable expenditure for 2024 amounted to £36,400 (2023: £116.670). As per last year most of the expenditure related to gifts made to good causes £35,500 (2023: £115,950). Loan In December 2024, the Trustees entered Into an unsecured, interest-bearing loan agreement with Colin Bentley Ltd for QI million. The loan was secured to support New Heritage Foundation Trusteg Reyt and Accounts For the Year Ended 31 December 2024 the chartys strategic objectives, specifically the acquisition and developrnent of propertyto further its charitable purposes. In January 2025. £2 rnillion of the loan was utilised to purchase Rudhall Manor. Reserves Total reserves as at 31 December 2024 were £1,035 (2023: £385). 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 Benefft Statsment The Trustees confimi that they have complied with the duty In section 4 of the Charities Act 2011 to have due re￿rd to the Charity Commission's general 8uidance on Public Benefit Charities and Public BenefiL New Heritage Foundation's charitable purpose, contained WTthin its objects is promoting religious hamiony for the benefft of the public and brin8in8 together religious leaders to help provide information and education on inter~community tensions and avert conflicL The Trustees ensure that this purpose is carried out for the public benefft by deliverin8 services that fft within the core funding received for this purpose. Structure. Governance and Manaeement The Charity is registered with Charities Commission and governed by a Charity trust deed. Thistrust deeds follows: The New Heritage Foundation Board is the ultimate decision-makin8 body to ffjanage the organisatlon on a day-to4ay basls. The minimum number of trustees is two. Trustees are appointed for a tenn of three years Any eligible trustees may be reappointed. If the numberof trusteesfalls belowthequorum oftwo, noneof the powers or discretions Cl￿ferred by this deed or by law on the trustees shall be New Heritage Foundatlon Trustees. Report and Accounts For the Year Ended 31 December 2024 exercisable by the remaining trustees eX￿pt the power to appoint new trustees. If a vacancy occurs the trustees must note the fact in the minutes of their next meetin& Any eligible trustee may be re-appointed. Plans for thefutyre 2024 saw ongoing requests for fvnding Jewish Christian dialogue events including Pillar of Cloud one day conferences to address the complexities of Middle East conflicts. This is likely to continue in 2025. The charl￿5 trustees have decided to further plans for a physical base from which to hold conferences predominantly under Chatham House rules. All money receNed continues to be passed on for the fvrtherance of the Charity objects without admintstration charges. ststsment of Truste￿ Responslbilitses The Trustees are responsible for preparing the Trusteg Report and the financial statements in accordance with applicable law and United ￿ngdorn Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In preparing these financial statements, the Trustees were required to: Selett Suitable accounting poliaes and then apptythem consistently. Observe the methods and prinaples in the Charities SORP 2015 (FRS 102). Make judgernents and estimates that are reasonable and prudent. State whether applicable UK Accounting Standards have been followed, subject to any material departures disdosed and explained in the financial statements; and Prepare the finanaal statements on the 80ing concern basis unless it is inappropriate to presume thatthe Charity will continue in operation. The Trustees are responsible for safeguardingthe assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other ffregularities. Trustee inductlon and traini Once new Trustee5 have been appointed, they are invited to meet other Trustees and are briefed on their legal obligations under tharity and cornpany law. Existing Trustees are directed to the current govemment advice and guidance on the Charities Commission website. New Herltage F￿ndation Trusteg Report and Accounts For the Year Ended 31 December 2024 Organisatlon The governing body of the Charity is the Board of Trustees, which met 4 times during the finanual year 2024 (2023: 2). Rlsk and Internal Control The Trustees have overall responsibilty 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 taklng 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 disposltion. Proper records are maintsined. and finanaal information used within the Charity or for publication is reliable. The ch arity is vigilant with regards to risk management with regular reference to the Charity Commission website and online publications. All planned activities are assessed to ensure they comply with current legislation. The principal risks facing the charity are reputstional as the Charity operates in the sensitive area of religious dialogue. The donations received are via personal relationships with the 100% of fvnds sentwithoutany deduttionsto 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 charfty'5 requirements facing it in the next 12-18 months. As there are no staff and premises costs to consider minimal amounts are kept for reserves. The balance as at 31 De￿mber 2024 for unrestricted reserves is £1,035 {2023: £385). Timothy Vince Chalr Date: 29 August 2025 Independent Examiner5 Report to the Trustees of New Herits8e Foundatlon For the year ended 31 December 2024 I report to the Trustees on my examination of the accounts of New Heritsge Foundation Ihe charirf for the year ended 31 December 2024. Responslbllities 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 {*he ACV). I report in respect of my examination of your charivs accounts as carried out under sertion 145 of the 2011 Act and in carrying out my examination I have followed all applicable Direttions given by the Charity Commission under section 145(5) (b) of the Act. Independent examinerfs ststsment I have completed my examination. I confimi that no matters have come to my attention in connection with the examination wing me cause to believe that in any materlal aspetr. 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: 29 August 2025 New Heritsge Foundatlon For the Year Ended 31 December 2024 ststement of Finanoal Actm Induding Income and Expenditure Account For the ythr ended 31 Deomber 2024 Total 2023 Funds 2024 Income Donations and legacies 37,050 37.050 70.950 Totsl Incomin8 rewrce5 37.050 70.950 Expenditure on charitsble activitles (36MOO) (36,400) (116,670) Totsl expenditure (36.400) (36.400) (116,670) Net M0￿ment In funds 650 (45,720) Reconciliation of Funds Fund Balance at l January 2024 385 46,105 Total funds carri forward 1.035 385 All of the activities of the Charity are dassffied as continuing. The notes on pages 12~16 forni part of these financlal ststements. New Heritsge Foundation Trust* Report and kcounts For the Year Ended 31 December 2024 Balan￿ Sheet 2024 2023 Flxed Assets Current Assets Cash at bank and in hand 1101.935 1101,935 1,105 1.105 Credltors: amounts falllng due within one year (720) (900) Net current assets 1101.035 385 Creditors: amounts falllng due after more than one Ill￿,000) Total assets 1.035 385 The funds of the Charlty Unrestricted funds 1.035 385 1.035 385 The notes on pages 12-16 form part of these financial statements Approved by the Board of Trustees 29 August 2025 and signed on its behalf by. Timothy Wince Chair New Heritage Foundation Trust* Report and Accounts For the Year Ended 31 December 2024 Statement of Cash Flows As at 310ecember 2024 2024 2023 Income for the reporting peiiods (as per the statement of financial acuvlties) 650 (45,720) Chahtes irt: Trade and other creditors (llo) Net cash flow from Operati￿ actlvities 830 (45,840) cash flows from financlng actlvltles: Cash inflows from new borrowing 1100.000 Net cash flow provlded by (used In ) Investiwa activities 1100.000 Net increase/(deuease) in cash 11(XI.830 (45,840) Cash and cash equivalents at l January 2024 1.105 46,945 Cash and cash equivalents at 31 December 2024 1101,935 1,105 Cash and cash equlvaknts consists ofr. Cash at bank and in hand 1101.935 1101.935 1,105 1,105 10 New Heritage F￿ndation Trustees. Report and Accounts For the Year Ended 31 December 2024 Notss forming part of the Financial Ststements for the year ended 31 December 2024 Accounting Polkles The principal accounting policie5 adopted, judgements and key sources of estimation uncertainty in the preparation of the finanaal statements are as follows: ,?) 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 wlth the Financial Reporting Standard appllcable 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 transattion value unless otherwise stated in the relevant accountlng policy note(s). They are prepared in sterling which is the fvnctional currency of the Charity and rounded to the nearest £L {b> Preparation of the accounts on a golry concern basis The Trustees have considered the finanaal sustainabirty of the charity for both existing and future fundingstreams. The Charity does nottake on any liabilities and only pays out donations from cleared fvnds. It does not enter into agreements that it cannot honour. It operates a duty of care and safeguarding with all stakeholders to minimise rf not eliminate risk of any financial claims. The Trustees are confident for the next 12 to 18 months that the charty is a going concem. (c) Fund Accounting Unrestrirted funds are available for use at the discretion of the Trustees in furtherance of the seneral objectives of the Charity. 11 New Heritage Foundatlon Trustee< Report and Accounts For the Year Ended 31 December 2024 (d) Income All incoming resources are induded in the statement of financial activities when the Charty is entitled to the income, there is sufficient certainty of receipt and the amount can be quantifted with reasonable accuracy. The following specific policies are applied to particular categories of income. Donations and legacies income is receNed by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. (e) Expenditure Expendlture 15 recognlsed once there is a legal or construrtive 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, fiabiltties are recognised as resources expended as soon as there is a legal or constructive obligation committingthe Charity to expenditure. As the Charity is not VAT re@stered the amounts in the income and Expenditure indude VAT, and is reported as part of the expenditure to which it relates. Expenditure on charitable activitses comprise all the ￿sOurceS applied by the Charity in undertaking its workto 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 dirett costs of the charitable actlvities together wlth those support cost5 incurred that enable these activities to be undertaken, as well as 80vernance costs which relate to the general running of the Charity as opposed to the direct management functions inherent in generating funds, service delivery and pro8ramme of project work These activities provide the governance infrastructure which allows the Chartty to operate and to generate the infomiation required for public accountability and include the strategic planning purposes that contribute to future development of the Chartty. 12 New Heritage Foundation Trustee< Report and Accounts For the Year ErKled 31 December 2024 All costs are allocated between the expenditure categories of the Statement of Financial Activttses (SOFA) on a basis designed to reflect the use of the resource. Costs relating to a particular actlvity are allocated directty, others are apportioned on an appropriate basis. Duringthe year the Charity had no staff and was supported bytwo unpaid volunteers (2023.2). who a￿ also the Charity Trustees. Volunteers may be recruited for a specific event or activity. (Me 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 108iStics of travel to and from Ukraine border. insurance per person, slgned parentsl pemiission and sports activities at the Romanian campsite. Everythin8 was carefully documented and all expenditure accounted for. (f) Cash at bank and In han& Cash at bank and cash in hand indudes cash and short term highly liquid investments wlth a short Maturity of three to slx months. (g) Credltors Creditors and provlsions are reco8nised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a thlrd 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. (h) Loan Loans are initially recognised at the amount received, net of any transaction costs. Interest expense is recognised on an accruals basis in the Statement of Financial Activities. Where loans are unsecured and interest-bearin& the terms of the loan, including interest rate and repayment schedule, are disdosed in the notes to the financial statements. Loans repayable within one year are classified as current liabilities; those repayable after more than one year are dassified as non-