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2022-03-31-accounts

Charity registration number: 1170912

Heritage Concern Foundation CIO

Annual Report and Financial Statements for the Year Ended 31 March 2022

Saul Fairholm Limited 12 Tentercroft Street Lincoln LN5 7DB

Heritage Concern Foundation CIO

Contents

Reference and Administrative…………………………………………………………………………………….1 Reference and Administrative…………………………………………………………………………………….1
Trustees' Report 2 to 4
Independent examiner's report 5
Statement of financial activities 6
Balance Sheet 7
Notes to the financial statements 8to 13

Heritage Concern Foundation CIO Reference and Administrative Details

Charity name Heritage Concern Foundation CIO Heritage Concern Foundation CIO
Charity registration number 1170912
Trustees David Edward Butler
Duncan Graham
James Edward Butler
Donald Cameron Graham
William Marley (appointed 23rdJune 2021)
Ian McDonald (appointed 23rdJune 2021)
Paul O’Donnell (appointed 23rdJune 2021)
Accountant Saul Fairholm Limited
12 Tentercroft Street
Lincoln
LN5 7DB

Page 1

Heritage Concern Foundation CIO

Trustees' Report

The financial statements have been prepared in accordance with accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice (SORP October 2019) applicable to charities preparing their accounts in accordance with S132-166 Charities Act 2011.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1170912

Principal address

Sandaigh Mugdock Road Milngavie Glasgow G62 8EJ

Trustees

David Edward Butler Duncan Graham (Chairman) James Edward Butler Donald Cameron Graham William Marley (appointed 23[rd] June 2021) Ian McDonald (appointed 23[rd] June 2021) Paul O’Donnell (appointed 23[rd] June 2021)

Independent examiner

Roger White ACA Saul Fairholm Limited Chartered Accountants 12 Tentercroft Street Lincoln LN5 7DB

Principal Bankers

Trustees Saving Bank

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Heritage Concern Foundation is constituted by Deed of Trust dated 23[rd] December 2016 and is a registered Charitable Incorporated Organisation (CIO). Charity number 1170912.

Recruitment, appointment and resignation of Trustees

Having appointed three new members during the year, the Board of Trustees considered the new members provide further balance in managing the Charity. All trustees are appointed based upon their suitability for the role.

Page 2

Heritage Concern Foundation CIO

Trustees' Report

Investment policy

The Trustees' policy is to invest surplus funds in fixed interest deposits since the value of investments can fall. This is normally not the case with cash deposits, so investment risk is minimised.

Risk management

The Trustees do not consider that the Charity is exposed to any major risks but acknowledge that its current and future survival is heavily dependent on voluntary donations. In common with many other charities in the current economic climate, it continues to be reliant on the goodwill of members and considers that it has adequate reserves to meet obligations now and in the future.

OBJECTIVES AND ACTIVITIES

The objective of the Charity is to promote the conservation, protection and improvement of the physical and natural environment (including its Flora and Fauna) through the making of grants to charities registered in England and Wales whose purposes are in particular but not limited to, the promotion of the conservation, protection and improvement of the physical and natural environment (including its Flora and Fauna).

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The Trustees report that during the period the charity received no donations (2021: nil) however cash reserves enabled it to make grants to appropriate applicants operating under the guidelines of the charity. Grants totaling £500 were paid out in the period (2021: £21,000). A number of applications are under review.

Management of the charity

The decision making process for the day to day running of the Charity is made by the Trustees.

At present the charity employs no staff to manage its activities as its administrative process is readily handled by its Trustees.

STATEMENT OF PUBLIC BENEFIT

The objectives of the Charity as stated above, by their very nature create a benefit to the wider populace in protecting the natural environment in which we live.

Page 3

Heritage Concern Foundation CIO

Trustees' Report

FINANCIAL REVIEW

Reserves policy

The Trustees have based their reserves policy on the liquid assets of the Charity. The Trustees policy is to maintain free reserves at a level at least equivalent to fund its future operations for six months.

At 31[st] March 2022 the Charity held assets of £180,883 (2021: £204,632).

The Charity carries adequate reserves to enable it to continue operations for the foreseeable future and, as the very nature of the Charity's income is based upon public goodwill, the Trustees consider that through activities carried out to raise funding as well as continued donations towards the Charity, funding will continue to flow in. On this basis the Trustees consider it appropriate to prepare the Financial Statements of the charity on a going concern basis.

FUTURE DEVELOPMENTS

The nature of the Charity requires ongoing fundraising and a need by the Trustees to protect the funds the Charity accumulates to ensure that the good work carried out continues well into the future. The Trustees understand that future donations have been proposed which will provide additional funding to enable the Charity to continue with its objectives.

FUNDS HELD

All liquid assets of the Charity are held in furtherance of its prime objective. The Charity holds no funds as custodian trustee on behalf of others.

Approved by the Trustees on 12 September 2022 and signed on their behalf by:

.........................................

David Edward Butler Trustee

......................................... Duncan Graham Trustee

Page 4

Independent Examiner's Report to the Trustees of

Heritage Concern Foundation CIO

I report on the accounts of the Charitable Incorporated Organisation for the year ended 31[st] March 2022, which are set out on pages 6 to 13.

Respective responsibilities of trustees and examiner

The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011(the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the 2011 Act;

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

have not been met; or

......................................... Roger White ACA Saul Fairholm Limited

12 Tentercroft Street Lincoln LN5 7DB

12 September 2022

Page 5

Heritage Concern Foundation CIO

Statement of Financial Activities for the Year Ended 31 March 2022

Note
Incoming resources
Income resources from generated
funds
Voluntary Income
2
Total incoming resources
Resources expended
Charitable donations
Charitable activities
3
Total resources expended
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds

£
-
-
500
23,249
23,749
(23,749)
118,640
94,891		 Restricted
funds
£
-
-
-
-
-
-
85,992
85,992		 Total
Funds
Year
Ended 31
March
2022
£
-
-
500
23,249
23,749
(23,749)
204,632
180,883		 Total
Funds
Year
Ended 31
March
2021
£
-
-
21,000
22,618
43,618
(43,618)
248,250
204,632

The notes on pages 8 to 13 form an integral part of these financial statements.

Page 6

Heritage Concern Foundation CIO Balance Sheet as at 31 March 2022

Note
Fixed Assets
11
Current Assets
Cash at Bank
Other Debtors
6
Current Assets
Creditors: Amounts falling due
within one year
7
Net current assets
Net Assets
The funds of the charity:
Restricted Funds
9
Unrestricted Funds
Unrestricted Income Funds
9
Total Charity Funds		 31 March 2022
£
£
6,250
175,091
308
175,399
(766)
174,633
180,883
85,992
94,891
180,883		 31 March 2021
£
£
12,500
193,308
-
193,308
(1,176)
192,132
204,632
85,992
118,640
204,632		 31 March 2021
£
£
12,500
193,308
-
193,308
(1,176)
192,132
204,632
85,992
118,640
204,632
192,132
204,632
85,992
118,640
204,632

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 Charities Act 2011.

Approved by the Board on 12 September 2022 and signed on its behalf by:

......................................... ......................................... David Edward Butler Duncan Graham Trustee Trustee

The notes on pages 8 to 13 form an integral part of these financial statements.

Page 7

Heritage Concern Foundation CIO

Notes to the Financial Statements for the Year Ended 31 March 2022

1 Accounting policies

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 Charities Act 2011.

The CIO meets the definition of a public benefit entity under CA2011. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Fixed assets

Fixed assets of the charity are depreciated at appropriate rates considered by the trustees to write them down over their estimated useful life to a fair residual value.

Fund accounting policy

Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.

Restricted funds are only utilised against the projects to which the funder intended them for, although the charity does not in general receive restricted funding due to the nature of its activities.

Further details of each fund are disclosed in note 9.

Incoming resources

Voluntary income including donations, gifts, legacies and grants receivable is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

Investment income is recognised on a receivable basis.

Donations are credited to the Statement of Financial Activities when received. Tax reclaimable under gift aid is credited on a receivable basis. Legacies are recognised when notified if there is sufficient evidence that the legacy will be received and of the likely value. Interest is recognised when receivable.

Resources expended

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis, net of VAT. All expenditure has been classified under headings that aggregate all costs related to the category.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Page 8

Heritage Concern Foundation CIO

Notes to the Financial Statements for the Year Ended 31 March 2022

......... continued

Governance costs

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the Independent Examination fees and costs linked to the strategic management of the CIO.

Page 9

Heritage Concern Foundation CIO

Notes to the Financial Statements for the Year Ended 31 March 2022

......... continued

2 Voluntary income

Donations and legacies
Donations
Donation in kind		 Unrestricted
Funds
£
-
-
-		 Restricted
Funds
£
-
-
-		 Total Funds
Year Ended
31 March
2022
£
-
-
-		 Total Funds
Year Ended
31 March
2021
£
-
-
-

3 Total resources expended

Direct costs
Accountancy fees
Examiners fee
Legal fees
Consultancy Fees
Insurance
Motor vehicle expenses
Bank charges
Motor depreciation		 Direct
charitable
expenditure
£
50
511
8,717
5,225
1,087
1,350
59
6,250
23,249		 Total
31 March
2022
£
50
511
8,717
5,225
1,087
1,350
59
6,250
23,249		 Total
31 March
2021
£
-
720
13,509
-
-
2,079
60
6,250
22,618

Included within direct charitable expenditure is £22,738 (2021- £21,898) relating to support costs and £511 (2021 - £720) relating to governance costs. All expenditure for 2022 and 2021 related to unrestricted activities.

4 Trustees' remuneration and expenses

No trustees received any remuneration during the year. Expenses re-imbursed to trustees are detailed in note 8.

5 Employees' remuneration

The Charity employed no staff during the period.

Page 10

Heritage Concern Foundation CIO

Notes to the Financial Statements for the Year Ended 31 March 2022

......... continued

6 Other Debtors:

31 March 2022 31 March 2021 £ £

VAT recoverable

7 Other Creditors: Amounts falling due within one year

Creditors, accruals and deferred income

31 March 2022 31 March 2021 £ £

8 Related parties

Related party transactions

During the year the charity received no donations from any related party (2021 – nil).

During the year there were no related party transactions (2021 - £306).

Page 11

Heritage Concern Foundation CIO

Notes to the Financial Statements for the Year Ended 31 March 2022

......... continued

9 Analysis of funds

General Funds
Donations and direct costs
Restricted Funds
Donations
General Funds
Donations
Restricted Funds
Donations		 At 1 April
2021
£
118,640
85,992
204,632
At 1 April
2020
£
162,258
85,992
248,250		 Incoming
resources
£
-
-
-
Incoming
resources
£
-
-		 Resources
expended
£
(23,749)
-
(23,749)
Resources
expended
£
(43,618)
-
(43,618)		 At 31
March 2022
£
94,891
85,992
180,883
At 31
March 2021
£
118,640
85,992
204,632

Restricted funds held are in relation to the Spiders Web Appeal

10 Net assets by fund

Fixed assets
Current assets
Creditors: Amounts falling due
within one year
Net assets		 Unrestricted
Funds
£
6,250
89,407
(766)
94,891		 Restricted
Funds
£
-
85,992
-
85,992		 Total
Funds 31
March
2022
£
6,250
175,399
(766)
180,883		 Total
Funds 31
March
2021
£
12,500
193,308
(1,176)
204,632

Page 12

Heritage Concern Foundation CIO Notes to the Financial Statements for the Year Ended 31 March 2022

......... continued
11 Fixed assets
Motor
Vehicles
£
Cost
As at 1 April 2021 25,000
Additions -
Disposals -
______
As at 31 March 2022 25,000
=====
Depreciation
As at 1 April 2021 12,500
Additions -
Disposals -
Provision for year 6,250
______
As at 31 March 2022 18,750
=====
Net Book Value
As at 31 March 2022 6,250
=====
As at 31 March 2021 12,500
=====

Page 13