Charity registration number 1183004
HEATHROW COMMUNITY TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

HEATHROW COMMUNITY TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Prabhjol Basra (Chairl
Richard de Belder
David Cottrell
Gennie Dearman
Alison Keeley
Jason Knight
Nigel Milton
Aled Patchett
Lisa Kelly
Nicola Zoumidou
David Coen
Christopher Boylan
Tracey Lucas-Apea
{Resigned 29 March 20231
(Resigned 7 December 20231
{Resigned 11 February 20241
(Appointed 29 March 20231
{Appointed 29 March 20231
(Appointed 29 April 20241
{Appointed 2 January 20241
CEO
Claire Knight
Charlty number
1183004
Registered office
The Compass Centre
Nelson Road
Hounslow
London
TVV6 2GW
Auditor
Alliolts LLP
Cross Lanes
Guildlord
Bankers
Barclays Bank plc
1 Churchill Place
London
E14 5HP
Melrobank
One Southampton Row
London
WC1B SHA
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
Wesl Malling
Kent
ME19 4JQ

HEATHROW COMMUNITY TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Flagstone Group Ltd
1 st Floor
Clareville House
26-27 Oxenden Street
London
SVV1Y 4EL

HEATHROW COMMUNITY TRUST
CONTENTS
Pagg
Trustees. report
statement of trustees. responsibilities
12
Independent auditorfs report
13-16
Stslemenl of financial activities
17-18
Balance sheet
Notes lo the financial statements

HEATHROW COMMUNITY TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their annual report and financial statements for the year ended 31 December 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the Charity's governing document, the Charities Act 2011 and Accounting and
Reporting by Charities." Statement of Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021 (effective 1 January 20191.
2023 has been a more positive year for our Ttusl but has not been wthout ils challenges. The imp￿1 of Covid-19
has continued lo be felt throughout the local Communities, highlighting inequalities and longer lemi impacts are
starting lo be seen. Some local councils and other funders have reduced or slopped their community grants
programmes, which has led lo increased applications re￿iVed by the Trust and increased need in local
communities. We are grateful for the 0￿gOIng support and generosity of our primary funders. who substantially
increased their donations in 2023 and enabled us to ensure that the Trust continues to remain finanaally robust
throughout 2023 and well into 2024. With the funding available in 2023, the Board decided to increase the
maximum grant values available for Projects for Young People, Communities Together and Environment &
Sustainability, lo support local organisalions lo deliver key projects and services lo communities against the
backdrop of rising costs and the cost of living crisis. In the last quarter of 2023, our Trust recaved significant
fundraised income from Heathrow Airport Ltd and Team Heathrow partners which will be ulilised in 2024. We have
been able to support a significant range of community needs and projects during the year, and will tx)ntinue lo make
a real difference in 2024 as we look forn￿ard to returning lo awarding mulli-year funding.
I would like to thank all our Trustees for their continued support and hard work during these challenging limes.
Objectives and activities
CHARITABLE OBJECTS a$ set out In Heathrow Communlty Trust constltutlon 2021..
The objects ol the CIO are lo advance such ¢harilable purposes (according to the law of England atyl Wales) as the
trustees see fil from time lo time for the benefit of the general public and in particular bul not eY¢lusively for the
publi¢ benefit predominately of people living and working in the local community around Heathrow Airport and the
neighbouring boroughs (the 'Local CommLJnity'l and other parts of the UK, through the making of grants, awards,
donations and the provision of other financial and non-finanaal support lo..
a. protect and promote the physical and natural environment. induding but not limited to the consetvation and
protection of wildlife. the promotion of biological diversity, the support of climate change mitigation initiatives
and raising awareness of such issues in the Local Community.,
b. provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure
lime occupation of individuals who have need of such facilities by reason of their yOLJth. age, infirmity or
disability. financial hardship or social circumStan￿S or for the PLJblic at large with the object of improving
their conditions of life.,
c. help young people up to 25 years of age in the Local Community through the funding of programmes
designed to raise aspirations and improve life opportunities, including but not limited to the provision of
skills and vocational training, apprentI￿ShIp schemes and other programmes.,
d. provide support to address financial hardship in the Local Community.,
e. develop the Capacity and skills of members of the Local Community so that they are better able lo identify
and help meet their own needs and lo participate fully in society.

HEATHROW COMMUNITY TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
Our mission is lo enable communities lo thrive by having a positive impact on the lives of people in the
communities surrounding Heathrow Airport. We will do this by funding, enabling and empowering voluntary and
community organisations, working in partnership wth others, and by supporting employees of Heathrow Airport Ltd
to give back.
In 2023 we did this through awarding grants in the following funding streams in support of our charitable objectives.
Projects for Young People
Communities Together
Environment & Sustainability
HealhrowAclive People initiative IHAPil and Matched Funding
11 should be noted that grants awarded do not lie directly through to the accounts due to accounting timing
differen￿$ such as reC￿nitIon of grants with multiple award payments.
Our vision is lo enable as many local inilialives and projects as possible. To do this we will work with Heathrow
Airport Ltd. stakeholders and other ftjnders to enable us to do more, so we can play a bigger part in creating
healthy, happy local communities Mrith more rewarding and fLI￿Illed lives.

HEATHROW COMMUNITY TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Achlevements and perfom)ance
Highlights for 2023
£809.586 of new funding awarded
Projects which completed in 2023 reported..
18,201 Total beneficjaries
4,844 people benefitting from improved facilities
22,616 volunteering hours carried out Ito deliver projectsl
858,286m' of land maintained or improved
598 schools involved in projects
11 trees planted
In 2023, Heathrow Community Trust received a donation from Heathrow Airport Ltd of £659,8841£275,000 FY221.
Income from noise fines for the year was £8.000 1£12,000 FY221. this donation supports our Environment &
Sustainability grants programme. A further donation of £87,500 was received from HealhrowAirport Ltd towards our
support costs and £17,500 was received from Heathrow Airport Ltd lo support the HAPI and Matched Funding
prograrnmes for Heathrow employees.
Heathrow Airport Ltd IHALI employees and employees of Team Heathrow companies undertook a number of
fundraising activities for the Trust in 2023. The Heathrow Charity Golf Day raised a total of £23,414. The Trust also
had 8 runners In the TCS London Marathon who raised a lolal of £9,926 for the Trust. There were smaller staff and
volunteer fundraising events which raised a combined total of £3,006. An additional £3,006 of fundraising was
generated though the recycling of IT equipment by HAL. In November HAL held a Business Awards event and the
Trust was the sole beneficiary of the proceeds of the sale of tables at the event, which raised a further £100,000.
The Tru51 was the sole beneficiary of Heathrow Airport Ltd.'s passengei donation units in 2023, wrth a total of
£228,760 received.
As slated in the Chair's slalement, a significant PTOPOrtion of the fundraised income was received in the last quarter
of 2023 and will be ulilised by the Ttusl is 2024.
In 2022, in order lo support the Trust's planning for the future, we commissioned Brunel University to undertake an
independent needs analysis of the nine boroughs eligible lo receive funding from the Trust's main gtanl
programmes. The final report was delivered in August 2023. The key findings about the boroughs from the report
are..
The boroughs, needs are diverse
Eight boroughs are in 500/0 most deprived in England12019 government datal
Eight boroughs are in the al least 500/0 most deprived Category wth respect lo crime, a measure of risk
of personal and material vi¢timisation at a local level.
statutory funding has reduced significantly
Groups need more volunteers linduding long term and ad hocl
Needs of community groups have increased in line wth beneficiaries
The Board continue to reflect on the information provided in the report which has helped to inform the development
of a new three year strategy which the Board will finalise in 2024.

HEATHROW COMMUNITY TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
A list of grants made during the year is published on the Trust's website. Each Grant Programme is served by a
Grant Review Panel which consists of volunteers who are a mixture of HealhrowAirport employees and members of
the local community. Grant Review Panel members support the Trust with their local understanding ol applicants
and ability to assess the impact of a grant on the local community. They also help to bring improved engagement
with local groups, encouraging more applications.
Funding position
In 2020 and 2021, the Trust responded lo the pandemic by pausing all previous grant rounds and focusing grant
making on awarding small unrestricted grants lo help organisations lo respond lo the emergency. In 2022, the Trust
re-opened our previously paused grant programmes. however the ongoing impact of the Covi(k19 pandemic on the
Trust's income meant that we could not return lo the scale ol funding awarded pre-pandemic and therefore the Trust
Chose lo offer smaller maximum grants of £7.500 across the larger grant programmes lo enable as many
organisations as possible to benefit from funding.
Heathrow Airport Ltd was badly affeded by the pandemic, but despite this has continued to donate and the Trust's
income has risen substantially as passenger numbers have risen. In the Heathrow 2.0 sustainability strategy,
published in February 2022, one of the largels Tmthin the document Is 'AI least £6.5m in funds generated for the
Heathrow Community Trust by 2030,. This clearly indicates Heathrow Airport Ltd's ongoing commitment to th&
Trust, which was further detailed in Heathrow's Giving Back Programme which was published in February 2023.
In 2023. The Trust's increased income meant we could further increase the maximum grant value lo £15,000. Again,
we saw high volumes of applications in a very challenging funding landscape. In 2023, the Heathrow Airport Ltd
donation was £659,884 and noise fine income was £8,000. Support cost expenditure was split between F￿athroW
Airport Ltd and Heathrow Community Trust, with HeathrowAirpDrt Ltd providing a further £67,500 donation towards
these costs.
As income slabilises, the Trust Is pleased to be returning lo mulli-year funding for 2024.
Factors affectlng performance
Heathrow Community Trust awards grants lo third parties lo deliver projects, this funding is often part of the total
funding required to deliver the project, and delivery of these projects is monitored by Interim and Final project
reports. From time to time projects do not proceed as planned due to a variety of reasons the most a)mmon of
*•
which are..
Problems in securing planning permission
Problems in reaching intended tsrgel beneficiaries
Problems with the grant recipients being unable to raise sufficient funding to complete a project.
If problems are encountered in delivery, the Trust will work with grant recipients lo agree a way forward. In the event
that a project musl k cancelled or prematurely Closed, committed funding is wrrtten off or retumed, but this is a rare
occurrence. Ongoing grants are reviewed quarterly in order lo ensure that any funds no longer required can be
written off and made available for other grants. All new grants awarded in 2023 were single year grants with planned
completion by late 2023 or early 2024.

HEATHROW COMMUNITY TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Summary of Oblectlves for 2023
Our Values
Caring, Integrity, Respect. Transparent, Accountable
We Care about our community and are beneficiary driven.
We act with Integrity and treat everyone wth Respect.
We are Transparent about what we do and hold ourselves Accountable.
Our key prlorltles In 2023 w&re:
1. Environment and Sustainability Improving the quality of life in our local communities through sustainable
development and sustainable use of resour￿$ in community buildings.. increasing community awareness of
sustsinability,. increasing the availability and accessibility of community green spaces, wooded areas, areas
of nalural beauty or biological areas of Importan￿., increasing the amount of materials reused or recycled
in the area.
2. Communities Together Improving the quality of life in our local communities by bringing communities
together. reducing isolation and social exdusion, and increasing community cohesion and understanding
be￿een communities.
3. Young People Helping our local communities by enabling opportunities for young people up lo age 25 10
increase their resilience, raise their aspirations, improve their life opportunities, or break down barriers lo
employment through skills development.
4. Heathrow Colleagues providing support to the employees of Heathrow Airport Ltd in their charitable work
and volunteering initiatives in the area neighbouring the airport, and across the United Kingdom.
5. Improving the voluntary and community sector's ability to support local communities and
Increasing the support available to the sector. Recognising that the local voluntsry and Community
sector faces significant challenges. we aim lo support strengthening the voluntary sector by priorilising
funding for local. smaller. organisations, and improve fundraising. through supporting Heathrow colleagues
in skills-based Advocate volunteering, bul also by seeking out ways to leverage our own grant making by
building relationships wth other funders.

HEATHROW COMMUNITY TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Flnanclal revlew
2023 Financial performanc
Income lotslled £1,140,483 12022.. £607,61511, the majority of which comprised a donation from Heathrow Airport
Limited of £859,88412022.' £275,000).
Income
Inve5tms
Incom¢ £18.5?0_
otheftrad1￿_
aaivitE5
t14,3J7
Sponsyed
events, £33.341.-
-DonèEICYts,
£1.074.255
Total expenditure was £951,716 12022". £308,730), comprising grant funding activities £809,586 12022.. £167,784),
raising funds costs £2,231 12022.. £4,271), governance costs £24,35512022'. £26,3331 and support costs £115,544
12022 £110,342).
Expenditure
HAPI. £15.879
EnvYronrn￿t
and
5ustairobilit¥.
£128,631
Projerts for
Young Peopbe,
£353,854
Staff Matched
Fundir¥, £6,
RaisngfurM15
-costs, £2.231.
Cornrnuiti
Togeth￿.
£304.538
SupportcostS.
£]￿,544
GovernarKe
Costs. £24,355
Retained reserves al 31 December 2023 were £831,114 12022.. £642,347) of which £354,016 12022.. £597,970)
were unieslricted and £443,781 12022". £32,675) are unreslricled designated funds for Grants Payable.
Cash balan￿S held at the year-end were £1,311,37412022.' £694,617).

HEATHROW COMMUNITY TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Investment pollcy
Cash is an investment and is held in flexible short-temi inlerest-bearing accounts with the charity's bank. This policy
is considered by the Trustees lo be appropriately conservative with little financial risk. The Trust does not rely on
investments in order to generate all its grant-making income and as such investment is aimed at maximising the
amount of grant-ftjnding available. Trustees review the investment policy annually.
Reserves policy
The Trust has accumulated general unrestricted funds lfree reserves) of £354,016 12022.. £597,970). The Trust's
assets are available and adequate to fulfil ils obligation5. The Trust reviews f(5 resetves policy on an annual basis
and the policy was reviewed thoroughly in 2023. The Trust's aims lo hold unreslricled funds of £140,000 as a
contingency lo cover costs in the event of winding down the TrusL This is in addition lo any committed grant
expenditure The reserves policy will continue to be reviewed regularfy lo ensure the Trust is not hdding
unnecessary funds. In 2023 the Grants payable have been moved to an unrestricted designated fund and the prior
year restated accordingly for this. The unrestricted designated funds at the year end were £443,781 12022.. £32,675
as restated in the accounts this yearl.
Going concern
The Trust's funding Is only agreed on a yearly basis. If funding We￿ lo be discontinued or significantly reduced, the
charity has lo obtain a￿eMatiVe sources of funding or curtail its activities as was the case in 2020 and 2021. At the
time of approving the financial slatemenls, the Trustees have a reasonable expectation that the charity has
adequate resources to continue in operational existence for the foreseeable future. Thus. the Trustees continue lo
adopt the going concern basis ol accounting in preparing the financial statements. Unrestricted Reserves are
calculated to allow the Trust to undertake an orderly cessation of activities should that be required. Designaled
funds are sufficient to cover all funding commitments (grants awarded). Further details regarding the adoption of the
going cOn￿M basis can be found wthin the Accounting Policies note on page 18 of the financial slatemenls.
Public Good
The Trustees have complied with their duly under Section 17151 of the 2011 Charities Act to have due regard to the
Charity Commission's guidance on public benefit when reviewing aims and objectives and in planning future
aclivilies. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they
have set.
Restricted Funds
Reslricled funds are funds which are lo be used in accordan￿ with specific restrictions imposed by the donor or
trust deed. During 2023 restricted funds were received from Noise Fines (Environment & Suslainabilityl and specific
restricted donations from Heathrow Airport Limited (Heathrow Active People initiative and Support Costs1. All other
funds are unrestricted and are expendable al the discretion of the Trustees in the furtherance of the objects of the
Trust. The Trustees may allocate part of the charity's unreslricled funds to be used for particular purposes in the
future. The Trustees have the power to re-designate such funds wthin unrestricted funds.
Covld-19 Pandemlc
As a grant-making Trust. Heathrow Community Trust operations were not affected by the necessary virus control
measures and continued to operate smoothly throughout the easing of Covid restrictions, including holding Board of
Trustees and Grant Review Panel meetings over Teams and Zoom where necessary.
The pandemic however had a catastrophic impact on the business of Heathrow Airport Ltd, resulting in a reduction
in their planned annual donation in 2020 to approximately 600/0 of previous years, and less than 20°h of the pre-
pandemic donation in 2021. In addition to the reduction in this donation, all planned income from sporting events
and other fundraising activities was cancelled as a ￿sU11 of the pandemic, with some activities restarting in late
2021. In late 2021, Heathrow Airport Ltd provided detsils of their planned donation to the Trust for 20221380kn of pre-
pandemic donation) and this was tied to passenger forecasts. In 2022 the Trust carefully monitored income and
expenditure and was caulioLJS to release addib'onal grant funding until late 2022 due to the ongoing Ljncertainty
caused by new Covid-19 variants. As the income of the TrLJsI's major donor had increased and the associated risks
to the Trust redu￿d, the Trust sought to release as much funding as possible lo community groups in 2023 and
were pleased to be able to award over £809,586, a significant increase on the £167,784 paid in 2022.

HEATHROW COMMUNITY TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Support cost reductions pul in place in 2020 were maintained in 2021 and 2022, including retaining the CEO'S
Contract as three days per week and working with a reduced administration team at Groundwork South. In 2023,
support costs were increased wth Groundwork South introducing some limited additional support as the number
and value of grants increased. In late 2023. the Trust agreed a further sustained increase for 2024, in part to
support the return to multi-year funding. Trustees reviewed the Trust's reserves policy thoroughly in 2023. The
pandemic has had a huge impact on the local community and support is needed more than ever. Heathrow Airport
Ltd was badly affected by the pandemic, bul despite this continued lo donate, and in 2023 they significantly
increased support as air travel continued lo grow. In the Heathrow 2.0 sustainability strategy, puLlished in February
2022, one of the largels wlhin the document is 'At least £6.5m In funds generated for the Heathrow Community
Trust by 2030,. This cleady indicates Heathrow Airport Lld's ongoing commitment lo the Trust, which was further
detailed in Heathrow's Giving Back Programme which was published in February 2023.
Structure. govemance and management
Heathrow Community TrLJSt is a CIO approved by the Charity Commission in April 2019 which took over all liabilities
and operations of LHR Communities Trust in May 2019. The affairs of the charity are governed by the Board of
Trustees.
The trustees who served during the year and up to the date of signature of the financial statements were..
Prabhjol Basra (Chairl
Richard de Belder
David Cottrell
Gennie Deamian
Alison Keeley
Jason Knight
Nigel Milton
Aled Patchett
Lisa Kelly
Nicola Zoumidou
David Coen
Christopher Boylan
Tracey Lucas-Apea
(Resigned 29 March 20231
(Resigned 7 December 20231
(Resigned 11 February 20241
(Appointed 29 March 20231
(Appointed 29 March 20231
(Appointed 29 April 20241
(Appointed 2 January 20241
Trustees are appointed. elected or re-elected for a fixed term of three years, with the option of extending for a
further three years and, in addition, the Board can resolve by a 75% majority that it would be in the best interests of
the charity for a particular trustee lo be reappointed for a further consecutive term in offi￿. New Trustees are
recruited by advertisement andlor recommendation by existing Trustees, the CEO, or members of Heathrow's local
community networks. In the period of the accounts, four of the Trustees were employed by Heathrow Airport
Holdings Limited. Heathrow Airport Holdings Limited is the major donor of lo the Trust," the Trust operates as a
separate enlily when setting its aims and objectives according lo ils conslilution. The donation fr(m Heathrow
Airport Ltd is given in Unreslricled funding wilhoul ￿n$traint regarding ils use other than for Charitsble purposes.
Heathrow Airport Ltd give a separate donation to the Trust which is restricted to delivery of the Trust's Heathrow
Active People initiative IHAPil funding programme and a further separate donation restricted to suppprt costs.
Prospective Trustees are offered the opportunity to attend a Board meeting and are interviewed by the Chair and
the CEO. If successful. their appointment is confirmed at a Board meeting. An induction programme is agreed and
implemented for each new Trustee, covering all aspects of the role and the organisalion.
All new Trustees receive a structured induction programme. are offered the opportunity to participate in one or more
of the Grant Review Panels or other BDard sub-committees and may visit as many projects funded by the Trust as
they wish. All Trustees are required to provide infomialion on potential conflicts of interests and a Conflicts of
Interest Policy is in place to ensure rnanagemenl of any conflicts. In addition, Trustees must declare any related
parties lone Identified for Trustees in 20231.

HEATHROW COMMUNITY TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
The board seeks lo ensure that all ils activities operate in compliance with all relevant legislation and regulation. Its
work includes selling the strategic dire¢lion of Heathrow Community Trust, agreeing the financial plan, monitoring
performance and having overall responsibility for all funding decisions. In addition. the board is responsible for
appointing the CEO who is responsible for day to day running of the organisation. The current CEO, Claire Knight,
was appointed by Trustees and commenced employment in August 2021, reporting to the Chair of the Board of
Trustees.
The Board of Trustees met four times in 2023 for Board meetings. The Trustees have considered the major risks to
which the Trust is exposed and, as such, have reviewed and established systems and procedures to mitigate those
risks. The Risk Review SU￿CommIttee, who report lo the Board quarterfy, review the Risk Register and associated
policies and procedures, lo ensure regular quarterly reporting of risks to the Board.
The Trustees consider the main risk to the Trust being Heathrow Airport Ltd continuing lo pay its donations or lo
reduce these substantially. This risk was activated during 2020 when the company had lo redu￿ ils F4anned
donation as a result of the catastrophic impact of the pandemic on the airport. The Trust only recognises this incom&
where there is a reasonable assurance of receipt and were able lo move swiftly lo adju51 planned gr￿1 funding
rounds to take account of the ieduction in income. The Trust rewgnises full funding commitments in the year in
which funding is awarded in order lo avoid carrying forward commitments for which funds may subsequently not be
available. The Trust presents an update on ils performance, activities and plans lo the Heathrow Airport Holding
Group Charities and Communities Committee on a quarterly basis lo help secure continued ftjnding, in addition the
CEO presents annually to the HeathrowAirport Holding Group Executive Committee.
The Trust directly engaged as ils agent Groundwork South Trust Limited lo manage ils grants programmes, helping
il lo offer a source of expert advice lo help applicants build strong grant bids and carry out due diligence checks on
applications and ongoing grants.
The Treasurer chairs the formal quarterly Finan￿ Commrttee. reporting to the Board ofTruslees.

HEATHROW COMMUNITY TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Grant Revlew Panels
Each Grant Programme administered by the Trust Is overseen by a Grant Review Panel which has a minimum of
one Trustee a5 member, and Includes repre5enlalives from across the local community, individuals with expert
knowledge of the subject matter and employees of Heathrow Airport Ltd and other airport companies. This helps the
Trust lo build on ils knowledge of local community needs and as a result to become more effective in grant making.
Each Review Panel is granted delegatèd powèrs to approve funding allocations of up to £5,000. Applications for
funding of more than £5,000 are submitted, with a recommendation from the local panel lo the Board of Trustees for
consideration.
Funding criteria, application fomis and deadline dales for each funding stream are published on the Trust's website.
HeathrowComrnunityTrustBoardofTrust￿s
Flncom
Riskcommlttee
IAPI grantreview
Grantsforyoung
Peoplegrant
reviewpanel
c0mrnunl￿es
108ether8r£nt
reV￿wpanel
Envlronment and
Brantrevlew
panel
10-

HEATHROW COMMUNITY TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
The below programmes V￿re open In 2023 wlth the levels of fundlng avallable as below.
Projects for Young People. Communltles Together Large and Envlronment & Sustalnablllty Grant
Programmes
Each of these programmes awards grants of up to £15,000 for 1 year. This is a single stage process, with
applications reviewed by the panel who have delegated authority to award up lo £5,000. Recommendations for
awards over £5,000 are made to the Board of Trustees for review.
Communitiey Together Small Grant Programme
This programme awards grants of up lo £5,000 for 1 year. All applications are all assessed by the panel in a single
stage process. The panel formally reports lo the Board of Trustees once per annum.
Heathrow Active People Initiative IHAPil Grant Review Panel
The HAPI grants review panel meets ￿lce per annum and reviews applications for funding in the HAPI grants
programme lup lo £2,500) and Staff Matched Funding lup to £2501. Applications to these programmes are only
open lo employees of Heathrow Airport Limited. The panel formally reports lo the Board of Trustees once per
annum.
The grant stream below remalned closed throughout 2023.
Development Grants
In response to an identified funding gap, Heathrow Community Trust put in place a grant programme awarding
funding of up to £10,QOO for projects to identify community needs, carry out environmenlal audits or assessments,
or projects which wll remove blocks and enable future Work to support the community. Such projects are reviewed
by the Environmental & Sustainability Grant Review Panel with funding recommendations being made to the Board
of Iruslees.
General Grant Maklng Pollcy
Grant Applications musl demonslrale that they have mel the key funding criteria of the relevant grant scheme all of
which are available from our website. Our Grant Making Policy is published on the Trust's website. Grants are
awarded to projects taking pla￿ in the boroughs of Ealing, Hillingdon, Hounslow, Richmond, Runnymede, Slough,
Spelthome, South Buckinghamshire, and Vvlndsor & Maidenhead, unless covered by the HAPI or Matched Funding
streams which are not geographically restricted.
Employees
The Ttusl's CEO Claire Knight joined the Trust In August 2021. The CEO of the Trust is not a Trustee and does not
have the responsibilities of a stalulory director.
The trustees, report was approved by the Board of Trustees.
Prabhjol Basra (Chairl
Trusteg
Aled Patchett
Trustee
Date..
1910912024

HEATHROW COMMUNITY TRUST
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
The Iruslees are responsible for preparing the Trustees, Report and the financial slalements in accordance with
applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England and Wales reqLJires the trLJStees to prepare financial statements for each
financial year which give a true and fair view Df the slate of affairs of the charity and of the incoming resources and
application of resources of the charity for that year.
In preparing these financial stslemenls, the trustees are required to".
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP.,
make judgements and eslimales that are reasonable and prudent.,
stale whether applicable accounting standards have been followed, subject lo any material departures disclosed
and explained in the financial statements", and
prepare the financial stslements on the going concern basis unless il is inappropriate to presunE that the charity
will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any
time the financial position of the charity and enable them to ensure that the financial statements comply wth the
Charities Act 2011, the Charity IAccounls and Reports) Regulations 2008 and the provisions of the trust deed. They
are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
12-

HEATHROW COMMUNITY TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF HEATHROW COMMUNITY TRUST
Oplnlon
We have audited the financial statements of Heathrow Community Trust (the 'charity'l for the year ended 31
December 2023 which comprise the statement of financial activities, the balance sheet, the statement of cash flows
and notes to the financial slatemenls, including significant accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporb"ng Standard 102 The Financial Reporting Standard applicable the UK and RepublK of Ireland
(United Kingdom Generally Accepted Accounting Praclicel.
In our opinion, the financial slatemenls..
give a true and fair view of the slate of the charity's affairs as al 31 December 2023 and of its incoming
resources and appli¢alion of resources. for the year then ended..
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi￿,.
and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for oplnlon
We conducted our aLJdit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditorts ￿spOnSIbl11t￿eS for the audit ol
the financial slalements section of our report. We are Independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtsined is sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements. we have concluded that the Iruslees, use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have nDI identified any material uncertainties relating lo events or
conditions that, individually or collectively, may cast significant doubt on the charity's ability lo continue as a going
concern for a period of at least twelve months from when the financial slalements are authorised for issue.
Our responsibilities and the responsibilities of the trustees Imth respect lo going concern are described in the
relevant sections of this report.
Other infomiation
The other information comprises the information induded in the annual report other than the finamial statements
and our auditorfs 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 infomiation and we do not express any fomi
of assurance conclusion Ihereon. Our responsibility is lo read the other Information and, in doing so, consider
whether the other Information is materially inconsistent wth the financial slalements or our kno￿edge obtained in
the course of the audit, 01 otherwise appears to be materially misstated. If we identify such malerval Inconsi51encies
or apparent material misstslemenls, we are required lo determine whether this gives rise lo a material misstalemenl
in the financial stslemenls themselves. If, based on the work we have performed, we conclude that there is a
material misstslemenl of this other information, we are required lo report that fact.
We have nothing to report in this regard.
Matters on which wg ar& requirod to report by 8xception
We have nothing to report in respect of the followng mallers in relation lo which the Charities (Accounts and
Reports) Regulations 2008 require us lo report lo you if, in our opinion".
the infomiation given in the financial statements is inconsistent in any material respect with the Iruslees,
report., or
sufficient accounting records have not been kept", or
the financial slalements are not in agreement with the accounting records.. or
we have not received all the information and explanations we require for our audit.
13-

HEATHROW COMMUNITY TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF HEATHROW COMMUNITY TRUST
Responslbllltles of trustees
As explained more fully in the statement of trustees, responsibilities, the trustees are responsible for the preparation
of the finanaal statements and for being satisfied that they give a true and fair view, and for such internal control as
the trustees delemiine is ne￿SSary to enable the preparation of financial statements that are free from material
misslalement, whether due lo fraud or error. In preparing the financial stalemenls, the trustees are responsible for
assessing the charity's ability lo continue as a going concem, disclosing, as applicable, matters related to going
concern and using the going concem basis of accounting unless the trustees either intend to Cease operations, or
have no realistic altemalive but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under se¢tion 144 of the Charities Act 2011 and report in accordan￿ wth the
Act and relevant regulations made or having effect thereunder.
Our objectives are lo obtain reasonable assurance about whether the financial slalements as a Who￿ are free from
material misstatement, whelher dLJe to fraud or error, and to iSSLJe an auditorfs report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or
error and are considered material rf, individually or In the aggregate, they could reasonably be expected lo influence
the economic decisions of users taken on the basis of these financial slatemenls.
Irregularities, induding fraud, are instances of non-compliance wrf(h laws and regulations. We design procedures in
line with our responsibilities, outlined above, to detect material misslalements in respect of irregularities, including
fraud. The exlenl lo which our procedures are Capable of delecling irregulari(ies, including fraud, is detailed below.
Our approach lo identifying 8nLY assessing the risks of material misstalemenl in respect of irregularities, including
fraud and non-compliance with laws and regulations, was as follows".
the engagement partner ensured that the engagement team collectively had the appropriate competen(e,
capabilities and skills lo identify or recognise non-compliance ￿rith applicable laws and regulations.,
• we identified the laws and regulations applicable to the charity through discussions with Trustees and other
management, and from our commercial knowledge and experience of the sector,.
we focused on specrfic laws and regulations which we considered may have a direct material effect on the
financial statements 01 the operations of thè charity, including the Companies Act 2006, the Charf(ies
SORP, taxation, employment, environmental and health and safety legislation",
we assessed the extent of compliance ¥Mth the laws and regulations identified above through making
enquiries of management and inspecting legal Corresponden￿.. and
* identified laws and regulations were communicated within the audit team regularly and the team
remained alert to instsnces of non-compliance throughout the audit.
We assessed the susceptibility of the charity's financial slalemenls lo material misslalement, including obtsining an
understanding of how fraud might occur, by..
making enquiries Df management as to where they considered there was susceptibility to fraud, their
knowledge of actual, suspected and alleged fraud,.
considering the intemal controls in place to mitigate risks of fraud and non-compliance wth laws and
regulations
14-

HEATHROW COMMUNITY TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF HEATHROW COMMUNITY TRUST
To address the risk of fraud through management bias and override of controls, we..
perfomied analytical procedures lo identify any unusual or unexpected relationships.,
tested jOLJrnal entries to identify unusual transactions.,
assessed whether judgements and assumptions made in determining the accounting estimates were
indicative of potential bias", and
investigated the rationale behind signrficant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, but were not limited to..
agreeing financial statement disclosures to underfying supporting documenlalion.,
reading the minutes of meetings of the board of Trustees,
enquiring of management as to actual and potential liligalion and daims.. and
• reviewing correspondence with HMRC.
There are inherent limitations in our audit procedures described above. The more removed that laws and
regulations are from financial transactions, the less likely il is that we would become aware of non-compliance.
Auditing slandaids also Iimil the audit procèdures required lo identify non-compliance with laws and regulations lo
enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misslalements that arise due to fraud can be harder lo detect than those that arise from error as they may
involve deliberate concealment or collusion.
A ftjrther description of our responsibilities is available on the Financial Reporting Council's website al. https'll
www.frc.org.uklaudilorsresponsibilities. This description fomis part of our auditor's report.
other matters
The financial stslemenls for the year ended 31 December 2022, forming the comparative figures of the financial
statements for the year ended 31 December 2023, are unaudited.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with part 4 of the Charities (Accounts
and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees
those mallers 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 lo anyone other than the charity and the charity s
ttuslees as a body, for our audit work, for this report, or for the opinions we have formed.
15-

HEATHROW COMMUNITY TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF HEATHROW COMMUNITY TRUST
Christopher Cairns Bsc FCA (Sonior Statutory Auditor)
for and on behalf of Alliotts LLP
2410912024
Chartered Accountants
Statutory Audltor
3 London Square
Cross Lanes
Guildford
GU1 1UJ
Alliotts LLP is eligible for appointment as auditor of the charity by virtue of ils eligibility for appointment as auditor of
a company under section 1212 of the Companies Act 2006.
16-

HEATHROW COMMUNITY TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Curr&nt flnanclal year
Unrestrlcted Unrestrlcted
funds
funds
general Designated
Grants
Payable Fund
2023
Restrlcted
funds
Total
Totsl
2023
2023
2023
2022
Notes
Income from-
Donations and legacies
other trading activities
Investments
989.255
39,658
18,570
85,000
8,000
1.074,255
47,658
18,570
536,362
70,910
343
Total income
1,047,483
93,000
1,140,483
607,615
Expenditure on:
Raising funds
Charitable activities
2,231
68,514
2,231
949.485
4,271
304,459
809,588
71,385
Total expendlture
70,745
809,586
71,385
951,716
308,730
Net incomellexpenditurel
976,738
1809,5861
21,615
188,767
298,885
Transfers between funds
11,220,692)
1,220,692
Net movement in funds
1243,9541
411,106
21,615
188,767
298,885
Reconciliation of funds:
Fund balances al 1 January 2023
597,970
32,675
11,702
642,347
343,462
Fund balances at 31 December
2023
354,016
443,781
33,317
831,114
642,347
The statement of finanaal activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
17-

HEATHROW COMMUNITY TRUST
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Prlor flnanclal year
Unrestrlcted Unrestrlcted
funds
funds
general Designated
Grants
Payable
Fund
2022
2022
As reststed As reststed
Restrlcted
funds
Totsl
2022
2022
Notes
In¢om9 from:
Donations and legacies
Other trading activities
Investments
473,862
58,910
343
62,500
12,000
536,362
70,910
343
Totsl Income
533,115
74,500
607,615
Expenditure on:
Raising funds
Charitable activities
4,271
62,021
4,271
304,459
167,784
74,654
Totsl expenditure
66,292
167,784
74,654
308,730
Net incomellexpenditurel
466,823
1187,7841
11541
298,885
Transfers be￿een funds
1200,4591
200,459
Net movement In funds
266,364
32,675
11541
298,885
Reconciliation of funds-
Fund balances al 1 January 2022
331,606
11,856
343,462
Fund balances at 31 December 2022
597,970
32,675
11,702
642,347
18-

HEATHROW COMMUNITY TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
as restated
Notes
Current assets
Cash at bank and in hand
1,311,374
694,617
Creditors: amounts falllng duo wlthln
ona year
13
1480,2601
152,2701
Not Current assets
831,114
642,347
Net assets excluding pension liability
831,114
642,347
The funds of the charity
Reslricled income funds
Unrestricted funds- general
Unrestiicted funds- Designated Grants
Payable Fund
15
33,317
354,016
11,702
597,970
14
443,781
32,675
831,114
642,347
The financial stslemenls were approved by the Iruslees on .
1910912024
Prabhjol Basra {Chairl
Trustee
Aled Palchett
Trustee
19-

HEATHROW COMMUNITY TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Notes
Cash flows from opgratlng actlvltlgs
Cash generated from operations
19
598,187
167,218
Investing activities
Investment income received
18,570
343
Net cash generated from investing
activities
18,570
343
Net cash used in financing activities
Net increase in cash and cash equivalents
616,757
167,561
Cash and ¢ash equivalents at beginning of year
894,817
527,056
Cash and cash equlvalents at end of year
1,311,374
694,617
-20-

HEATHROW COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng pollcles
Charity infomiation
The principal a￿oUntIng policies applied in the preparation of the financial statements for Heathrow
Community Trust la 'Charitable Trusl'l are set out below. Heathrow CommLJnity Trust is a CIO approved by the
Charity Commission in April 2019.
1.1 A¢counllng Conventlon
The financial slalements have been prepared in accordance with the charity's constitution, the Charities Act
2011, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" l FRS 102.1
and the Charities SORP Accounting and Reporting by Charitie5. Statement of Recommended Practice
applicable lo charities preparing their accounts in accordance with the Finanaal Reporting Stsndard
applicable in the UK and Republic of Ireland IFRS 1021" leffeclive 1 January 20191. The charity is a Public
Benefit Entity as defined by FRS 102.
The financial stslemenls are prepared in sleding, which is the functional currency of the charity. Monetary
amounts in these financial ststemenls are rounded to the nearest £.
The financial slalements have been prepared under the historical cost convention. The principal accounting
policies adopted are sel out below.
1.2 Golng concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources lo continue in operational existence for the foreseeable future. Thus the Iruslees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted ftjnds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Reslricled fund5 are subject to specific conditions by donors or grantors as lo how they may be used. The
purposes and uses of the restricted funds are set out in the notes lo the financial slalements.
Endowment funds are subjert to specific ¢ondilions by donors that the Capitsl musl be maintained by the
charity.
1.4 Income
Income is re￿gnised when the charity is legally entitled to f( after any performance conditions have been met,
the amounts can be measured reliably, and il is probable that income will be received.
Donations are recognised on an accruals basis where the entillemenl, certainty and measurement crf(eria are
being met.
Legacies are recognised on receipt or otherwse if the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known. the legacy is Irealed as a
conty'ngenl asset.
21

HEATHROW COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
A¢¢ounllng poll¢lg$
Icontlnuedl
1.$ Exp8nditurg
Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a
third paty, It is probable that a transfer of economic benefi15 will be required in selllemenl, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The Costs of ea¢h activity are made up of the total of dir￿1 costs and
shared Costs. including support costs involved in undertaking each adivity. Direct ¢osls attributable lo a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned between those aclivilEs on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown
thin borrowngs in current Iiabililies.
BasiTC financial assots
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried al amortised cost using the effective
interest method unless the arrangement conslilules a financing Iransaclion, where the transaction is
measured al the present value of the ftjlure receipts dI$￿Unted al a market rale of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless
the arrangement conslitules a financing Iransaclion, where the debt instrument is measured al the present
value of the future payments discounted at a market rale of interest. Financial liabilities classified as payable
wthin one year are not amort15ed.
Debt instruments are subsequenuy carried al amortised cost, using the effective interest rale method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially al
transaction price and subsequenuy measured al amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.7 Employee benefits
The cost of any unused holiday enliuement is recognised in the period in which the employee's services are
received.
Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed
lo lerminale the employment of an employee or to provide termination benefits.
-22-

HEATHROW COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Income from donatlons and legacles
Unrestricted Unrestricted Restricted Endowment
funds
funds
funds
funds
general Designated
Grants
Payable
Fund
2023
Total
2023
2023
2023
2023
Donations and gifts
989,255
85,000
1,074,255
Unrestricted Unrestricted Restricted Endowment
funds
funds
funds
funds
general Designated
Grants
Payable
Fund
2022
Total
2022
2022
2022
2022
Donations and gifts
473,862
62,500
536,362
-23-

HEATHROW COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Other tradlng actlvltles
Unrestricted Restricted
funds
funds
general
2023
Total Unrestricted Restricted
funds
funds
general
2022
Total
2023
2023
2022
2022
Fundraising events
Trading activity income..
other
33,341
33.341
46,531
46,531
6,317
8,000
14,317
12,379
12,000
24,379
Other trading activities
39,658
8,000
47,658
58,910
12,000
70,910
Invostments
Unrestrlcted Unrestrlcted
funds
funds
general
general
2023
2022
Investment income
18,570
343
-24-

HEATHROW COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Ralslng funds
Unrastrict8d Unrastrictgd
funds
funds
general
general
2023
2022
Staging fundraising events
2.231
4,271
2,231
4,271
Expenditure on charitable activities
Grants
payable
2023
Grants
payable
2022
Direct costs
Grant funding of activities (see note 71
809,586
167,784
Share of support and governance costs (see note Bl
Support
Governance
115,544
24,355
110,342
26,333
949,485
304,459
Analys1$ by fund
Unreslricled funds- general
Unrestricted funds- Designated Grants Payable Fund
Restricted funds
68,514
809,586
71,385
62,021
167,784
74,654
949,485
304,459
-25-

HEATHROW COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Expendlture- Charltable Actlvltles
2023
2022
Projects for young people
Environment and Sustsinabilily
Communities Together
Development Fund '
HAPI
Staff matched funding
353,854
128,631
304,538
66,552
47,722
48,811
14141
2,863
2,250
15,879
6,684
809,586
167,784
Support costs
Governance costs
115,544
24,355
110,342
26,333
949,485
304,459
Underspend relates lo prior periods
-26-

HEATHROW COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Support costs
Support Governance
costs
costs
2023
Support Governance
costs
costs
2022
staff costs
Grant adminislralion
PR & Communications
Computing costs
Postage
Bank charges
Training and networking
54,590
55,866
54,590
55,866
54,440
50.231
23
4,996
57
256
339
54,440
50,231
23
4,996
57
256
339
4,579
28
310
171
4,579
28
310
171
Audit fees
Independent Examinerfs
fees
Legal professional
Memberships
Legal and professional
costs
Meeting costs
10,620
10,620
7,290
7,290
570
1,164
570
1,164
846
846
11,031
970
11.031
970
18,036
161
18,036
161
115,544
24,355
139,899
110,342
26,333
136,675
Analysed beh￿een
Chari(able activities
115,544
24,355
139,899
110,342
26,333
136,675
Governance costs includes payments lo the auditors for the audit of £8,820 12022.. Independent Examiners
£4,410).
Net movem&nt In funds
2023
2022
The nel movement in funds is slated after chargingllcredilingl".
Fee5 payable lo the charity'5 auditor".
for the audit of the charity's financial slalements
for other financial services
Fees payable for the independent examination of the charity's financial
slalements
8,820
1,800
7,290
10 Tru$t99$
None of the Trustees lor any persons connected with them) received any remuneration or benefits from the
charity during the year.
During the year costs tolalling £267.94 was reimbursed lo two trustees for travel and meeting expenses.
-27-

HEATHROW COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
11 Employees
The average monthly number of employees during the year was".
2023
Number
2022
Number
Employment costs
2023
2022
Wages and salaries
54,590
54,440
There were no employees whose annual remuneration was more than £60,000.
Remuneratlon of key management personnel
The remuneration of key management personnel was as follows..
2023
2022
Aggregate compensation
54,590
54,440
12 Taxallon
The charity is exempt from laxalion on its activities because all ils income is applied for charitable purposes.
13 Credltors: amounts falllng due wlthln one year
2023
2022
Other creditors
Accruals and deferred income
469,640
10,620
45,340
6,930
480,260
52,270
-28-

HEATHROW COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
14 Unrestrlcted funds- Deslgnated Grants Payable Fund
These are unreslricled funds which are material lo the charity's activities.
At 1 January
2023
Resources
expended
Transfers
At31
December
2023
Grants payable fund
32,675
1809,5861
1,220,692
443,781
Previous year:
At 1 January
2022
Resources
expended
Transfers
At31
December
2022
As restated As restated As restated
Grants payable ftjnd
1167,7841
200,459
32,675
Grants payable have been transfe￿ed to a designated fund during the year. This represents grants that have
been awarded by the panel prior to the year end bul are payable within the next years.
15 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject lo specific conditions by donors as ID how they may be used.
Movgment In fund$
Incomlng Resources
Balance at
resourc8S
expended1 January 2023
Movement In funds
Incomlng Resources
Balanco at
r680urc88 expended 31 D8cemb8r
2023
Balance at
1 January 2022
As reststed A$ restated A$ restated
A$ re$tOie
HAPI Fund
Noise fines
NLHC Fund
School Laptops
LHR support costs
2,278
2,500
8,927
153
12,500
13,0741
12,000 114,5001
16.9271
11531
50,000 150,0001
11,702
17,500
8,000
19,9121
18,0001
19,290
67,500 153,4731
14,027
11,858
74,500
174,6541
11,702
93,000
171,3851
33,317
-29-

HEATHROW COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
16 Unrestrlcted funds
The unrestricted funds of the charty comprise the unexpended balances of donations and giants which are
not subject to spe¢ifi¢ Conditions by donors and grantors as lo how they may ￿ used. These include
designated funds which have been sel aside out of unreslricled funds by the trustees for specific purposes.
At 1 January
2023
Incoming
resources
Resources
expended
Transfers
At31
December
2023
Grants Payable designated
fund
General funds
32,675
597,970
1809,5861
1,220,692
170,7451 11,220,692)
443,781
354,016
1,047,483
630,645
1,047,483
1880,3311
797,797
Previous year-
At 1 January
2022
Incoming
resources
Resources
expended
Transfers
At31
December
2022
As restated As reststed As restated As restated
Grants Payable designated
fund
General funds
1167,7841
166,2921
200.459
1200,4591
32,675
597,970
331,606
533,115
331,606
533,115
1234,0761
630,645
17 Analysis of net assets between funds
Unrgstrl¢t8d Unrestrlcted
funds
funds
general Designated
Grants
Payable Fund
2023
Restrlctgd
funds
Totsl
2023
2023
2023
At 31 December 2023:
Current assetsllliabililiesl
354,016
443,781
33,317
831,114
354,016
443,781
33,317
831,114
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HEATHROW COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
17 Analy$l$ of net a$$ets betW90n funds
Icontlnuedl
Unrgstrictgd Unrestricted
funds
funds
general Deslgnated
Grants
Payable Fund
2022
2022
As restated As reststed
Re$trict9d
funds
Totsl
2022
2022
At 31 December 2022-
Current assetsllliabililiesl
597,970
32,875
11,702
642,347
597,970
32,675
11,702
642,347
18 Related party transactions
Transactions with related parties
During the year the charity entered into the followng transactions with related parties..
Grants awardgd
2023
2022
Connected charity Iver Health Bo￿$ Club
2,101
19 Cash generated from operations
2023
2022
Surplus for the year
188,767
298,885
Adjustments for".
Investment income recognised in statement of financial a¢livf(ies
118,5701
13431
Movements in working capital..
Increaselldecreasel in creditors
427,990
1131,3241
Cash generated from operatlons
598,187
167,218
31

HEATHROW COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
20 Prlor perlod adlustment
Changes to the balance sheet
At 31 December 2022
As previously
Adjustment
reported
As restated
Capital funds
Reslricled funds
Unreslri¢led - designated fund Grants Payable
Unreslricled funds
11,702
11,702
32,675
597,970
32.675
132,6751
630,645
Total equity
642,347
642,347
During the current year the Trustees reviewed the method of accounting for grants that had been awarded
prior lo thè year end bul which werè to be paid after the year end and decided that il would be more
appropii8le lo show them as designated funds rather than unrestricted funds. In order lo give Comparability lo
the prior years results the fund balances were restated on the same basis as above. There has beèn no
movement in the Statement of Financial Activities arising from the Prior period adjuslmenl.
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