1
**REGISTERED AS A CHARITABLE INCORPORATED ORGANISATION (CIO) IN ENGLAND AND WALES**
**REGISTERED CHARITY NUMBER: 1183762**
## **COMMONWEALTH HERITAGE FORUM**
**Annual Report and Financial Statements for the year ended 31 March 2024**
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## **Commonwealth Heritage Forum**
**Trustees’ Annual Report and Financial Statements for the year ended 31 March 2024**
||Page|
|---|---|
|Reference and Administration Details|3|
|Trustees’ Annual Report|4 - 8|
|Statement of Financial Activities|9|
|Balance Sheet|10|
|Statement of Cash Flows|11|
|Notes to the Financial Statements|12 – 16|
|Independent Financial Examination Certification|17|
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## **Commonwealth Heritage Forum**
**Trustees’ Annual Report and Financial Statements for the year ended 31 March 2024**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Principal Office**
12 Devonshire Street LONDON W1G 7AB
## **Registered Charity number**
1183762
## **Patron**
H.E. Sir Rodney Williams KCMG
## **Trustees**
Prince Ajene (appointed 2 March 2022) Kelvin Ang (appointed 15 March 2023) Peregrine Bryant (first appointed 12 September 2018) (Deputy Chair) Philip Davies (appointed 12 September 2018) (Chair until his resignation on 12 September 2022) Lucy Denton (first appointed 12 September 2018) Nicolette Duckham (first appointed 12 September 2018) Robert Kerr (appointed 17 February 2020) Tara Inniss (appointed 15 March 2023) Francis Maude (first appointed 12 September 2018) (Chair from 26 October 2022) Rowenna Malone (first appointed 12 September 2018) Karin Taylor (appointed 31 May 2022) Rachel Tranter-Needham (appointed 17 February 2020)
## **Honorary Treasurer**
Geoffrey Rice
## **Bankers**
CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JG
## **Independent Financial Examiner**
Maria Semper Genua c/o MSG Accountancy Ltd Westpoint 4 Redheughs Rigg Edinburgh EH12 9DQ
## **Website**
www.commonwealthheritage.org
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## **Commonwealth Heritage Forum**
## **Trustees’ Annual Report and Financial Statements for the year ended 31 March 2024**
The Trustees present their report and the audited financial statements of the Charitable Incorporated Organisation (CIO) for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Commonwealth Heritage Forum is a CIO. On 6 June 2019 it was entered on the Register of Charities by the Charity Commission for England and Wales with the registered charity number 1183762. It is governed by a constitution that was adopted on formation.
## **Trustees**
The first Trustees were appointed on 12 September 2018 to serve for specified periods of between two and four years from the formation of the CIO. Other Trustees are appointed for an initial term of three years. New Trustees are selected with regard to the skills, knowledge and experience needed for the effective administration of the CIO and to ensure wider Commonwealth representation. All appointments and re-appointments are made by resolution of the Trustees, with the expectation that service will be limited to three consecutive terms of three years.
## **Membership**
The members of the CIO are the Trustees for the time being. Trustees become members on appointment and cease to be members when they stand down as Trustees.
The Trustees are empowered to create associate or other classes of non-voting membership and to determine the rights and obligations of such members. This they have done by establishing three categories of membership with varying rates of subscription: Individual, Institution and Corporate. Membership is open to all those interested in sharing in the built heritage of the Commonwealth. The Trustees decided during the year that Individual membership should be free of charge; it is hoped thereby to increase participation by interested individuals from around the Commonwealth.
## **Risk management**
The Trustees have a duty to identify and review the risks to which the CIO is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees approach their responsibilities mindful of best practice and the guidance of the Charity Commission. The Trustees have assessed the major risks to which the CIO is exposed, in particular those related to the operations and finances of the charity, and have established systems to mitigate exposure to the major risks, including the development of appropriate written policies.
Most of the Forum’s income and assets comprise restricted funds received for specific projects and purposes and kept separate from the charity’s own unrestricted funds. The Forum hopes to build up its own funds over time so that it will be able to continue in existence even if funded project work reduces or ceases. The agreement with The Vinehill Trust (registered charity number 1185978) (‘TVT’) provides that all projects scheduled therein are funded in advance by TVT. Most of these projects are discrete so that in the unlikely event of a break in the funding from TVT there should be sufficient funding in hand to complete the projects underway and meet the liabilities incurred in respect of them. The Vinehill Trust’s legal advisors have provided written assurance to the CHF that the funding that TVT has committed to provide to the CHF up to 2027 is both secure and irrevocable.
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## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objects of the CIO are to advance the education of the public in the conservation, promotion and preservation of sites and buildings of cultural and/or historical significance. It seeks to do this in four principal ways:
## _Communication_
To increase understanding and individual and collective knowledge of all the built heritage of the Commonwealth and between its peoples and institutions.
## _Education_
To advance research, education and scholarship of the architectural, designed landscapes and engineering heritage of Commonwealth countries.
## _Inspiration_
To encourage the conservation of all buildings and places of heritage interest by exchanging professional knowledge and expertise.
## _Conservation_
To facilitate the conservation of all the historic built environment by providing opportunities for learning, research, understanding, skills development and capabilities for all.
## **Public benefit statement**
The Trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the CIO’s objectives and aims and in planning future activities.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
In the year under review, the Trustees of the Charitable Independent Organization (CIO) demonstrated continued commitment to advancing the organisation's objectives through regular meetings. In addition, the Trustees convened on a bi-monthly basis to meticulously oversee project operations, with participation from the Chair and a dedicated team of part-time consultants.
The work of the Forum has been significantly enhanced by substantial funding provided by The Vinehill Trust (TVT), which has facilitated the engagement of professional expertise, thereby accelerating project development. On 12 September 2022, Philip Davies resigned from the position of Chair and was appointed by the Trustees to assume the role of Consultant Executive Director on a parttime basis. Furthermore, three part-time consultants were appointed to oversee Project Development, Communications and Policy Coordination, as well as Training and Skills Coordination. A new part-time consultant position for Finance and Operations was established on 1 January 2024.
In an effort to broaden its outreach and impact, the Forum's International Advisory Committee convened regularly, successfully expanding its membership through the addition of two new members during the 2023-2024 term. The Forum effectively utilised its website and social media platforms to raise awareness regarding the shared heritage of Commonwealth nations and to emphasise the critical importance of conserving and promoting this heritage for the benefit of all member countries' populations. Regular newsletters were published to keep stakeholders informed about ongoing initiatives.
Under the Commonwealth Heritage at Risk initiative, the Forum undertook projects in collaboration with local partners across various Commonwealth countries. These projects are designed to train local individuals in the compilation of registers of at-risk historic buildings and the identification of priorities for heritage skills training and on-site interventions. A notable example of this is the partnership established in May 2023 with Tulane University (USA) to organise a training program in St. John's, Antigua, which focused on the documentation of the city's historic core. This program included twelve early-career heritage specialists from Antigua and Barbuda, Barbados, Dominica, Jamaica, the Bahamas and Trinidad and Tobago, addressing a recognised regional need for enhanced proficiency in managing change within historic areas.
Additionally, the Forum conducted a lime and sash window repair training program in collaboration with the Samuel Jackman Prescod Institute of Technology (SJPIT) in Bridgetown, Barbados. This initiative, conceived as a ‘train the trainers’ program, was led by historic building specialist Mark Womersley over a three-week period from May to June 2023, involving 48 Barbadian participants. The training significantly enhanced the understanding and maintenance skills of SJPIT senior students and faculty, thereby equipping them to safeguard heritage sites for future generations. Following the training, the SJPIT faculty integrated lime mortar and wooden sash repair modules into their Building Studies curriculum, further promoting heritage conservation competencies among students.
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## **Partnerships**
Since its establishment, the Forum has been dedicated to fostering collaborations with organizations that share its commitment to preserving the built heritage of Commonwealth countries and advancing the skills required to maintain heritage sites and landscapes across the Commonwealth. As highlighted previously, the Forum secured significant early support from The Vinehill Trust (TVT), which initially funded a scoping study and subsequently a pilot project in Hyderabad, India, in 2022. This pilot project involved the restoration of three monumental gateways and the central mall at the former Osmania University College for Women. The initiative also provided on-site training for craftspeople from both the UK and India. This endeavour was undertaken in partnership with The King’s Foundation and the World Monuments Fund.
In May 2022, the Forum finalised a programme and funding for the first year of what has evolved into a five-year project. The Cabinet Office granted the Forum the distinguished honour of branding its training initiative as _The Queen Elizabeth II Platinum Jubilee Commonwealth Heritage Skills Training Programme._ Funded by TVT, this programme encompasses various training and restoration projects across the Commonwealth. The initiative was officially launched on 19 May 2022 at the Commonwealth Secretariat by the Commonwealth Secretary-General, Baroness Scotland, and the Forum’s patron, Sir Rodney Williams. In June 2023, the Commonwealth Coronation agreement was agreed with TVT, which secured funding and outlined a programme of works for the remaining four years of the initiative, bringing the total funding for the five-year project to £12.26 million.
The Forum aligns itself with the principles and core values of the Commonwealth, actively working with partners to raise awareness through education and improve livelihoods by sharing skills and expertise. It has applied for accreditation as an official Commonwealth body, on which a decision is currently awaited. It plays a vital role in addressing several Sustainable Development Goals (SDGs), particularly those focused on education, sustainable cities and communities, and climate action. By reusing and adapting heritage assets to meet contemporary needs, the Forum promotes the efficient use of embodied energy in existing structures, reducing the carbon footprint of new developments while revitalising historic neighbourhoods and communities.
Since 2021, the Forum has successfully delivered a series of biannual lectures on topics related to Commonwealth heritage, attracting a diverse global audience. The autumn 2023 lecture series explored the development and impact of railways across the Commonwealth, with presentations covering Barbados, India, Sierra Leone, and Singapore. This series also examined the significance of railways during the early days of the Commonwealth and the role of British cities, such as Leeds, in driving industrial transformation. In March and April 2024, the webinars focused on the use and restoration of cast iron throughout the Commonwealth, addressing topics such as the export of Scottish ironwork during the nineteenth-century and its influence on architectural developments in Jamaica and South Africa.
These webinars have become a cornerstone of the Forum’s educational outreach, with recordings of past sessions freely accessible on its website. In collaboration with several Commonwealth professional bodies, the Forum has also planned and delivered a separate series of online CPD (Continuing Professional Development) lectures on topics including sustainable development, climate change, conservation-led regeneration, and post-COVID recovery. Looking ahead, the Forum intends to develop a range of online courses addressing the unique heritage and restoration challenges faced by Commonwealth countries.
The training and education programme funded by The Vinehill Trust includes initiatives both in the United Kingdom and on-site in various Commonwealth countries. In July 2023, in partnership with The King’s Foundation, the Forum facilitated a two-week residential training programme at Dumfries House in Ayrshire for nine students from across the Commonwealth. Additionally, the Forum awarded two fully funded MA scholarships for study at The King’s School of Traditional Arts in London. The scholarship recipients began their MA studies in October 2023 and are scheduled to graduate in August 2025. Discussions are currently underway with the York Centre of Excellence (CoE) to fund scholarships for the 2025–2026 academic year.
## **Donors**
The charity does not receive any core funding from government or other public sources; it depends entirely on its own fundraising, from individual, institutional and corporate donors and from membership subscriptions. During the year, the Forum received a drawdown grant from The Vinehill Trust and funding from the Foreign and Commonwealth Development Office (FCDO). A private donor provided a generous donation of £25,000 to the Forum during the 2022-23 financial year. The Forum expects to receive further funding in the coming years and is very grateful for this support and the ongoing generosity of its sponsors.
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## **FINANCIAL REVIEW**
For the year ending 31 March 2024, the charity generated income of £209,439, primarily comprising a £200,000 funding drawdown from The Vinehill Trust and a £9,000 grant from the Foreign, Commonwealth & Development Office (FCDO). The remaining £439 was raised through corporate and individual membership subscriptions. The Forum incurred expenditure of £494,073, related to the delivery of training and skills programmes agreed with The Vinehill Trust. To fund these programmes, the charity utilised carry-over funds provided by The Vinehill Trust during Year 1 of the Commonwealth Heritage Skills (CHS) Training Programme. Separately, the FCDO provided grant funding to the charity to coordinate the Conservation Management Plan (CMP) for the former George V Dock in Kolkata, India. During the review period, expenditure on this project amounted to £48,231. As of 31 March 2024, the charity’s net assets stood at £205,532, compared to £436,682 at the start of the financial year. Unrestricted funds amounted to £22,008 (2022: £10,113; 2023: £15,031).
Since the establishment and subsequent launch of the CIO in 2019 and 2020 respectively, much of the Forum’s work has been undertaken by the Trustees in a voluntary capacity. The funding from The Vinehill Trust, as detailed above, has provided a secure financial base from which the Forum has been able to deliver a range of agreed projects. The funding agreement also includes provision for the engagement of part-time consultants to manage various elements of the Forum’s significantly increased workload. Looking forward, the Forum anticipates securing additional funding from other donors and expanding its membership base to broaden support for all aspects of its work.
## **FUTURE DEVELOPMENTS**
The Trustees believe that the CIO can fulfil a vital role in supporting and promoting the appreciation, conservation and imaginative use of the built heritage of the Commonwealth and that the training and skills building initiatives outlined above will enable it to contribute effectively to this in the coming years.
## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES**
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the trustees are required to:
• select suitable accounting policies and then apply them consistently;
• observe the methods and principles in the Charities SORP 2019 (FRS 102);
• make judgements and estimates that are reasonable and prudent;
• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts 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.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website, in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.
## **Disclosure of information to the financial examiner**
We the trustees of the charity who held office at the date of approval of these financial statements as set out on page 9 each confirm, so far as we are aware, that:
- there is no relevant information of which the charity’s financial examiner is unaware; and
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- we have taken all the steps that we ought to have taken as trustees in order to make ourselves aware of any relevant information and to establish that the charity’s financial examiner is aware of that information.
Approved by the Trustees on [31 January 2025] and signed on their behalf by:
[Francis Maude] Trustee
9
## **COMMONWEALTH HERITAGE FORUM (Charity Commission Registered No.: 1183762)**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
|||Unrestricted
£|Restricted
£|
Total
**2024**
£|Unrestricted
£|
Restricted
£|Total
**2023**
£|
|---|---|---|---|---|---|---|---|
|INCOME FROM:||||||||
|Donations and
legacies|2|-|-|-|-|25,000|25,000|
|Charitable activities|3|439|209,000|209,439|551|688,600|689,151|
|Interest||7,476|550|8,026|2,606|116|2,722|
|TOTAL INCOME||7,915|209,550|217,465|3,157|731,716|716,873|
|||||||||
|EXPENDITURE ON:||||||||
|Raising funds||||||||
|Charitable Activities|4|938|541,366|542,304|3,211|369,167|372,378|
|TOTAL
EXPENDITURE||||||||
|Net
Income/(expenditure)||6,977|(331,833)|(324,856)|(54)|344,589|344,495|
|Transfers between
funds|9|-|-|-|5,000|(5,000)|-|
|Net movement in
funds||-|(324,856)|(324,856)|4,946|339,549|344,495|
|Reconciliation of
funds||||||||
|Total funds brought
forward|9|15,059|515,329|530,388|10,113|50,000|60,113|
|**Total funds carried**
**forward**|9|**£23,745**|**£181,787**|**£205,532**|£15,059|£515,329|£404,608|
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## **BALANCE SHEET AS AT 31 MARCH 2024**
||||**2024**|**2023**||
|---|---|---|---|---|---|
|||£|£|£|£|
|**CURRENT ASSETS**||||||
|Debtors|9|-||11,988||
|Cash at bank and in hand||205,532||530,388||
|||`──────`||`─────`||
|||205,532||542,376||
|**LIABILITIES**||||||
|Creditors : Amounts falling due within||||||
|one year|10|-||137,768||
|||`─────`||`────`||
|**NET CURRENT ASSETS**|||205,532||404,608|
||||`──────`||`─────`|
|**NET ASSETS**|||£205,532||£404,608|
||||`══════`||`═════`|
|**CHARITY FUNDS:**||||||
|Unrestricted Funds -||||||
|General|11||23,745||15,059|
|Restricted Funds|11||181,787||389,459|
||||`──────`||`─────`|
||11||£205,532||£404,608|
||||`══════`||`═════`|
Please note that the previous accounts were prepared using the accruals accounting method. The 2024 accounts and financial statements were prepared utilising the cash basis accounting method. As identified above, on 31 March 2023, the total carryforward funds amount was £530,388 (e.g. cash at bank and in hand). This amount is derived by adding the 2023 current net asset amount (£404,608) to the liabilities due to creditors (£137,768), which equals £542,376. Subtracting the 2023 debtors amount (£11,988 – e.g. the amount owed to the charity) from £542,376 equals £530,388. The £530,388 amount was the total cash at bank and in hand as of 31 March 2023. These funds carried forward to 01 April 2023.
The financial statements were approved by the Trustees on [31 January 2025] and signed on their behalf by:
[Francis Maude] Trustee
The notes on pages 12 to 16 form part of these financial statements.
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## **STATEMENT OF CASH FLOWS AS AT 31 MARCH 2024**
## **3**
|||**2024**|**2023**||
|---|---|---|---|---|
||**Notes**|**£**|**£**||
|**Net cash flow from operating activities**||225,491|448,358|.|
|**Cash flow from investing activities**|||||
|Interest received|4|8,026|2,722||
|||`───────`|`───────`||
|**Net increase in cash and cash**|||||
|**equivalents in the year**||(324,856)|451,080||
|Cash and cash equivalents|||||
|at the beginning of the year||530,388|79,308||
|||`───────`|`───────`||
|**Cash and cash equivalents**|||||
|**at the end of the year**||£205,532|£530,388||
|||`═══════`|`═══════`||
|**Reconciliation of net income to net cash flow**||**2024**|**2023**||
|**from operating activities**||**£**|**£**||
|Net income for the year||217,465|344,495||
|Interest receivable|4|(8,026)|(2,722)||
|(Increase)/Decrease in debtors||_-_|(11,988)||
|Increase/(Decrease) in creditors||-|118,573||
|||_`──────`_|`──────`||
|**Net cash flow from operating activities**||£225,491|£448,358||
|||`══════`|`══════`||
|||**2024**|**2023**||
|**Cash and cash equivalents**||**£**|**£**||
|**consist of:**|||||
|Cash at bank and in hand||205,532|530,388||
|||`───────`|`───────`||
|**Total cash and cash equivalents**||£205,532|£530,388||
|||`═══════`|`═══════`||
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## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1. ACCOUNTING PRINCIPLES**
## **a) General information and basis of preparation**
Commonwealth Heritage Forum is a Charitable Incorporated Organisation (CIO) registered in England and Wales. The principal office is given in the Reference and Administration details on page 1.
These accounts have been prepared on the Receipts and Payments basis in accordance with the UK Charities Act 2011 and follows the generally accepted accounting practices in the UK (UK GAAP) for charities.
‘Please note that previous accounts were prepared on accrual basis whilst the 2024 financial accounts utilised cash basis accounting.
## **2. DONATIONS AND LEGACIES**
||**Unrestricted**|**Restricted**|||
|---|---|---|---|---|
||**Funds**|**Funds**|**2024**|**2023**|
||£|£|£|£|
|Donation|£Nil|£Nil|£Nil|£25,000|
||`══════`|`══════`|`══════`|`══════`|
Of the £25,000 recognised in 2023, the amount was charged to restricted funds.
## **3. INCOME FROM CHARITABLE ACTIVITIES**
||||**Unrestricted**|**Restricted**|||
|---|---|---|---|---|---|---|
||||**Funds**|**Funds**|**2024**|**2023**|
||||£|£|£|£|
|||Membership subscriptions|439|-|439|551|
|||Grants receivable|-|209,000|209,000|688,600|
||||`──────`|`──────`|`──────`|`──────`|
||||£439|£209,000|£209,439|£689,151|
||||`══════`|`══════`|`══════`|`══════`|
|**4.**||**INVESTMENT INCOME**|||||
||||**Unrestricted**|**Restricted**|||
||||**Funds**|**Funds**|**2024**|**2023**|
||||£|£|£|£|
|||Bank interest|£7,476|£550|£8,026|£2,722|
||||`══════`|`══════`|`══════`|`══════`|
||**5.**|**EXPENDITURE ON CHARITABLE ACTIVITIES**|||||
||||**Direct**|**Support**|**Total**|**Total**|
||||**Costs**|**Costs**|**2024**|**2023**|
||||£|£|£|£|
|||Preservation of historical and/or cultural|||||
|||buildings and sites|£541,366|£938|£542,304|£372,378|
||||`══════`|`══════`|`══════`|`══════`|
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## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
…/(cont’d)
## **5. EXPENDITURE ON CHARITABLE ACTIVITIES** …/(cont’d)
## **ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES**
||**Direct**|**Support**|**Total**|**Total**|
|---|---|---|---|---|
||**Costs**|**Costs**|**2024**|**2023**|
||£|£|£|£|
|Project costs|215,347|-|249,844|197,977|
|Consultancy fees|88,007|_-_|88,007|61,423|
|Travel and accommodation|34,497|_-_|34,497|55,265|
|Training|143,467|_-_|143,467|38,006|
|Legal fees|2,779|_-_|2,779|3,460|
|Venue hire|_-_|_-_|_-_|-|
|IT cost and licenses|_-_|780|780|7,229|
|Advertising and marketing|_-_|4,623|4,623|3,982|
|Insurance|_-_|4,318|4,318|597|
|Printing, postage and stationery|_-_|52|52|26|
|Bank charges|_-_|116|116|109|
|Miscellaneous|_-_|158|158|636|
|Governance costs (note 6)|_-_|3,088|3,088|3,200|
||_`──────`_|_`──────`_|_`──────`_|`──────`|
||£484,097|£13,135|_£_497,232|£372,378|
||_`══════`_|_`══════`_|_`══════`_|`══════`|
## **6. GOVERNANCE COSTS**
|**GOVERNANCE COSTS**|||
|---|---|---|
||**2024**|**2023**|
||£|£|
|Audit Fees|2,500|2,500|
|Independent Examination Fees|-|-|
|Consultancy fees on corporate governance issues|588|700|
||`─────`|`─────`|
||£3,088|£3,200|
||`═════`|`═════`|
## **7. STAFFING**
The average number of employees during the year was Nil (2023 - Nil).
No employees received employee benefits (excluding employer pension costs) of more than £60,000 (2023 : Nil).
.
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## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
…/(cont’d)
## **8. TRUSTEES’ REMUNERATION AND EXPENSES**
No trustee received any remuneration during the year (2023 : £Nil).
The Executive Director, who was a former trustee, was paid £44,339 (2023 : £17,315) by the charity during the year.
One trustee (2023 : 1 trustee) received reimbursement for travelling and accommodation during the year of £961 in total (2023 : £366).
## **9. DEBTORS**
|**9.**|**DEBTORS**|||
|---|---|---|---|
|||**2024**|**2023**|
|||£|£|
||Prepayments|£Nil|£11,988|
|||`═════`|`═════`|
|**10.**|**CREDITORS:**Amounts falling due within one year|||
|||**2024**|**2023**|
|||£|£|
||Trade creditors|-|73,127|
||Accruals||46,641|
|||-||
||Other creditors|`─────`|18,000|
||||`─────`|
|||`-`||
|||`═════`|£137,768|
||||`═════`|
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## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
…/(cont’d)
Details of the Restricted Funds are set out in the Trustees’ Report.
## **11. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|**ANALYSIS OF NET ASSETS BETWEEN**|**FUNDS**|||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||Funds|Funds|Funds|
||2024|2024|2024|
|**2024**|£|£|£|
|Current assets|23,745|181,787|205,532|
||-|-|-|
|Current liabilities|`──────`|`──────`|`──────`|
|As at 31 March 2024|£23,745|£181,787|£205,532|
||`══════`|`══════`|`══════`|
Comparative information for the analysis of net assets between funds in the previous year is as follows:
||Unrestricted|Restricted|Total|
|---|---|---|---|
||Funds|Funds|Funds|
||2023|2023|2023|
|**2023**|£|£|£|
|Current assets|16,959|525,417|542,376|
|Current liabilities|(1,900)|(135,868)|(137,768)|
||`──────`|`──────`|`──────`|
|As at 31 March 2023|£15,059|£389,549|£404,608|
||`══════`|`══════`|`══════`|
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
…/(cont’d)
## **12. CONTINGENT ASSETS**
Total grant funding awarded as at 31 March 2023 but not yet received and recognised as income due to the recognition criteria not being met amounts to £Nil (2023 : £Nil). The charity expects to receive £10m in funding from the Vinehill Trust between 2025 and 2027 to deliver heritage skills training programmes. The drawdown is anticipated to be paid in monthly instalments.
## **13. RELATED PARTY TRANSACTIONS**
No other related party transactions occurred in the year ended 2024 and 2023 other than those stated in Note 7 and 8.
## **Independent examiner's report on the accounts**
**Section A Independent Examiner’s Report**
**Report to the trustees/** Charity Name COMMONWEALTH HERITAGE FORUM **members of**
**On accounts for the year** 31 March 2024 **Charity no** 1183762 **ended (if any) Set out on pages** (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **DD / MM / YYYY** .
- **Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
**Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Act or
- the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
* _Please delete the words in the brackets if they do not apply._
**Signed:** Maria Semper Genua **Date:** 31/01/2025 **Name:** Maria Semper Genua **Relevant professional** AAT - Licence number 1005282 **qualification(s) or body (if any): Address:** 4 Redheughs Rigg Westpoint South Gyle Edinburgh EH12 9DQ
**October 2018**
1
**IER**
**Section B Disclosure**
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
**October 2018**
2
**IER**