Heron Ed￿atIonal Fwndatlon
Charfty No. I￿1969
Trustees, Report and UnaudltedAruwnts
31 M•rch 2023

Heron Educalional Foundation
Trustees. Annual Report
Independent Examiner's ReFX)rt
Statement of Financial ActNities
Balance Sheet
Statement of Cash fiows
Notes to the Accounts
16
Detsiled Ststement of Financial Activities
17to18

Heron Educallonal Foundation
TNstee5 Annual Report
The trustees present their report with the unaudited financial statements of the tharity for the year ended
31 March 2023.
REFERENCE AND ADMINisfRATIVE DEfAIiS
Charlty No. 1187969
Prlnclpal OFlk•
Hill Fann House
Sproatley Road
Fllnton
East Ridlng of Yorkshire
HUII 4NE
Trustees
The following trustees served during the year:
C. Brazier
F.A. Caley
F.P.A. Dudley
M. Havler
D. Merrington Hosktns
M. Rlley
P. Farrar
{Re5igned July 20221
(Jolned November 2022}
Key Manwm•nt Personn
Chalr
Vlce Chair
Secretary
Treasurer
Accountsnts
M Ha¥ler
O H05kins
F Dudley
C Brazier CBE
{ResIg￿ July 20221
MPH Accounta
1st Floor Manor House
Main Road
Ryehill
East Yorkshlre
HU12 9NH
Bankers
Natlonal Westminster Bankpk
Willerby and Kirk Ella
Thesquare
Willerby
Hull
HUIO 7UA

Heron Educalional Foundatlon
TTh￿ee$ Annual Reyt
OBJEcnvES AND ACTivmES
The Objects of the CIO a￿.
for the publlc benefft toprovide assistancefor the higher educotit)n tymeons of exhibltlons orfinontiol
osslstonce to enable beneficiarles to preporefvrorenter a prOfe￿On. trode Orcollin￿ otherwse promotino
the education (Including sacialandphy5icoI truiningj of boys ond giA5 resident in the Pansh of Humbleton.
The principal vtsy in which these a￿ achieved is through the provision of grants to chlldren of the parish as
they reach key stsges of education (entering Primary khool. Secondary khthjl. and University). In addition,
Trustees will consider applications from local schi)ols for equipment or facilities that will benefit children
from the parish.
We raise money to continue our work through rental income from our property in Humbleton as well as
Interest on our bank accounts.
ACHIEVEMENTS AND PERFORMANCE
Over the past year, we have 8i¥en three Indlvldual grants to young people totsllng £850 to support their
studies.
Much of our work this year ha5 again been focused on our construction projert which has now completed
the conversSon of the Old School into three 2-bed dwelllngs lo¢rupied JonuarylFebruary 20231, the ¢reatlon
of two new 3-bed dwellings (occupied July 20221 and the extenslve refurb15hment of the Old School House
loccupied January 20231. This gives us slx propertles whlch are let at afft)rdable rates in accordance wlth our
Allocatlons Pollcy- which priorilises local people and those who are octupying properties for the first time.
There a￿ stlll a few external/groundworks elements of the constructlon to Complete. but we antlclpate all
works beln8 flnlshed and final accounts settled by the end of May 2023. Th15 has been a huge undertaklng for
small charity and we are enorn)ousty proud of what we have achieved and the difference that thls wlll
make to the charity, our tenants and the village. We are very 8rateful for the continued support of East
Rldin8 Council who have prowded advice. sUPPOrt and grant finances-a total of almost £I50.C￿0 in this
period.
FINANCIAL REVIEW
The Trust sold Heron's Farni. Flinton in 2019 for £550,(XX). In a(￿rdan￿ wlth Charlty Commls5ion direction,
thls sum can only be used to purchase capital assets (such as buildings and landl or for investments- rt
cannot be spent on grants or rnaintenance/administration. To that end. we had originally allocated £425,000
from this sale to the dwelllngs element of the construction project and the remaining £125.0(Xi to the
Community CentrelPavllion. The Centre continues to be a priority for us and we are actively looking for ways
of makin8 it a reality but this year ha5 been all about the housin8 build with the Centre an aspiration for next
year or Flnancial Year 2024125.
Turning to the housin& tonstruttion industry price increases have continued this year- although not as
rapidly as last year. Thi5 has meant that the total housing project cost will be in the region of £1.2 million
which has been financed las agreed last yearl by IncreaslnE our original £425,LWto £465.0(X) plus £3￿,[￿￿)
from an ERYC CHF Erant, close to £70,0￿ frorn an ERYC Commuted Sums grant and a 15 year loan of
£200.ocKJ from the Soclal & Communtty CapÉtal arm of the Natwest bank. Legal action that WÈ took against a
previous Project Manager has concluded pre-trial and the resultant payment to us closed the rÈmaining
financial

Heron Edutatlonal Foundation
Tru5tee5 Annual Rewrt
Now that the dwellings are all complete. we have had them valued to update our F￿ed Assets figure. The
market value was reduced by 20% because the ERYC CHF grant require5 that they can On￿ be rented or sold
at'affordable, rate5 lie 80% of market value). Usinsthis percenta8e, we had previousty experted thatthe six
homes would be worth approxlmately £930.(KK) but we were pleased to note that the actual figure assessed
In Feb 23 was £I.080.￿)- although we Still have no plans to sell any of them.
Wlth all of the homes now occupied. we are confident that our net rentsl income I'affordable. rates minus
management charges) from all six properties will be £30.5tN) pa. This will enable u5 to repay our loan and to
Increase our grant-gNlng In acc￿dance with our plans abo¥e.
We have no fomial ReseNes Pollcy. We alw3y5 intend to have no less than £2s,l￿ In our accounts wlth a
minimum of £5000 avallable immediately in case of urgent requlrements leg repairs). Should we need to
redu￿ elther of these flgures, the Trustees will be asked to approve the reductlon.
PLANS FOR FUWRE PERIODS
Once the final project accounts are settled, we wlll begin to rebuild ourfinancial reSe￿e5, repay the loan and
5tsrt to focus on Phase 2 of the project which wlll Involve the buildln8 of a rbew Communlty Centre/Pavlllon
for the village close to the Trusvs six dwellings.
The profft that we Èxpect to generate from our new properties wlll also enable us to Increase the amount
that we prowde to local children/youn8 people to enable them to reach thelr full potential. A5 well as our
current 8rants. we anticipate belng able to provlde more targeted (and potentially Ilfe-changingl amounts to
support the transltlon from edu&ition and Into employment. We expect that these mlght include unlverslty
fees, apprentlceships. professlonal quallficatlons leg HGV. AAll. tool purchases and buslnes5 Start-ups.
STrUCWRE, GOVERNANCÉ AND MANAGEMENT
Heron Educatlonal Foundation is a re8TStered charitable Sncorporated organisatlon (CIO- 11879691 and is
constituted under a Foundatlon model constltution dated 14 Febn￿ry 2020. The Trust wa5 orl8inally
established In 1718 by the wlll of Francls Heron to provide assistan￿ for the higher educatlon of chlldren
living in the parish of Humbleton.
The con5tltutÉon allow5 fvr a minimum of 3 and a maxlmum of 9 Trustees. A quorum Is achieved when 50%
(rounded upl are in attendance. There is no re5trictlon on residenq or profe55ion of Trustees althou8h it Is
normal for all Trustees to have some connection {thmugh residency or family) to Humbleton or the
surrounding parishes.
We hold Trust meeting5 every month and have added a Construrtion Project meeting 2 weeks after the Trust
meeting to deal with the many issues that arise as we work through the various prO￿55e5 to finance, specify
and oversee the project. We have appointed a Project Sub£ommittee Iconsi5ting of the Chair, secretary and
Treasurer) to deal with day-to-day matters. The SulFCommittee is authort5ed to Spend up to £IO.(JXI without
reverting to the full Trust rneeting for approval.

Heron EdU￿110nal Foundatlon
Trustees Annual Report
ststement oftriwtee5' re5pon51bllllie5 In Trlatkln to the financial sl*em
The charity trustees a￿ responsible for preparing a trustees, annual rep)rt and finanoal statements in
accordance with applicable law and United Kingdom kcounting Standards (United Kingdom Generally
Accepted Accounting Practice).
The trustees are responslble for keeping proper accounting record5that disclose with reasonable accuracy at
any tlme the financial position ofthe charity and to enoble them to ensure that the financial statements
comply with the Charities Act 2011. the applitable Charities (Accounts and Reports) Regulations, and the
provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and
hence tsking reasonable steps for the preventbon and detection of fraud and other irregularities.
Signed on behalf of the ¢haritVs trustees
C. Brazler
Treasurer
2 November 2023

Heron Educatlonal Foundatknn
Independent Examlners Report
Independent Examine¢s Report to the trustees of Heron Educallo￿l Foundatlon
I report to the trustees on my examinatlon of the financial ststements of Herofft Educational Foundatk)n
for the year ended 31 March 2023 which comprtse the Ststement of Financial Actfvities. the Balan￿ Sheet,
the Statement of Cash Flows and the rehted note>
As the charlvs tnjstees you are resp)nslble for the preparation of the financlal ststements In accordance
wlth the requSrements of the Charltles Act 2011l*he ACVI. The trustees consmler that an audlt Is not
requSred for thts year under the Charities Act 201L s.144121 lthe 2011 Act) and that an Independent
examinatkm Is needed.
I report In reS￿rt of my examination of the charlty's flnandal ststements carrled out under sectlon 145 of
the 2011 Act and in carryin8 Out my e)(aminatlon I have folk￿ed all the applieable D¥ectlons 8lven by the
Charrty Comm]ssion under sectlon 1451Sllb) of the A¢L
Indwndent examlnerfs stalement
I have completed my examlnatlon. I can conflmi th* no m￿erIal matters have come to myattentlon In
connectlon wlth the e¥amlnatlon glvlng me cause to belleve that In. any materlal ￿pert:
. the accountlng records wefe not kept In re5pe¢t of the charttyas requlred by sectlon 130 of the Act; Or
• the flnanclal stalements do not acco￿ wlth those ￿(￿d$. or
the financlal statements do not compty wlth the applicable requlrements concernlng the fomi and
content of the flnanclal statements set out in the Charrtles (Accounts and Reports) Re8ulation5 2fy)8
other than any requirement that the financial statements 8Ne a'true and falr, vlew whlchls nol 4 matter
onsldered as part of an Independent examlnatlon.
I have no concerns and have come acr055 no other matters In connecilon wtth the exarnlTratlon to whkh
attentlon should be drawn In thts report In order to enable a woper understandlNd of the flnanclal
statements to be reathed.
Shannon Smlth
MAAT ACCA
MPH Accountanc¥ 1st
Ftoor Manor House
Main Road
Ryehlll
East Yorkshlre
HU12 9NH
02 November 2023

Heron Educational Fwndation
Statement of Finandal Actl¥i
for the year ended 31 March 2023
fun(ts Totsl funds Totsl funds
2022
Income and endo¥mients
Charitsble activities
Othertrading artlvltles
Investments
2iJ)
429
2(Ki
429
1.627
191,615
Other
167.372
167.372
Total
168,(X)3
168,003
193,444
Expendltule on:
Other
26.675
26,675
61,807
Totsl
26,675
26,675
61,807
Net11055esllgains on
Investments
1102,6931 (102,6931
349
N•t Incom•
38,635
38,635
131.986
Transfers between funds
Net Income before other
Insl(IDsses)
38.635
38,635
131,986
Other qalns and losse5
N•t mowmant lfi lunds
38,635
38.635
131,986
Reronclllatlon of fun￿.
Total funds brought forward
942,071
942,071
810,085
Total funds Carr1￿ Iotwanl
980.706
980.706
942.071

Heron Educational Foundat
Balance Sheet
at 31 Marth 2023
Charlty No. 1187969
20Z3
20ZZ
Flxed assets
Investments
1.102,473
1,102,473
519,920
519,920
Current assets
Stocks
Cash at bank and in hand
io
412
74,667
75,079
(10.122)
64.957
1,167,430
1186,7241
980,706
422.751
422.751
16001
422,151
942,071
Credltor&' Amount falllng due withln one year
Nèt current assets
li
Total assets less current Ilabllltles
Credltors: Amourrt5 fallin8 due after more than one year
Net assèts ex¢ludkng Pen$h￿ asset or Ilablllty
12
942,071
Total net assets
980,706
942,071
Th• lunds of the tharlty
Restrlet•d funds
Unrestrlcted funds
General funds
13
1.083.399
942,071
1,083,399
942,071
13
Revaluation reserve
1102,693)
1102,693)
Totsl funds
980.706
942,071
Approved by the trustees on 02 November 2023
And signed on their behalf by:
M. Havler
Trustee
C Brazier CBE
Treasurer
02 November 2023

Heron Edu&itional Foundatlon
Notes to the Accounts
for the year ended 31 Marth 2023
l Acctyjntlns polldes
Basls of preparation
The financial statements hove been prepared in accordonce with Statement of Recommended Practice:
Accounting and Reportin8 by Charitles preparin8 thetr accounts In accordance with the Flnancl31
Reportin8 Standard applicable In the UK and Republic If Ireland IFRS 1021 i￿ued on 16 July 2014 and the
Flnanclal Reportlng Standard applicable In the United KlnEdom and Republk of Ireland IFRS 1021 and the
Chartties Art 2011.
Chan8e in basis ol accounting orto pre¥ious accounts
There has been no change to the accountin8 policie5 (valuation rules and method of accounting) 51nce
last year and no changes ha¥e been made to accounts for prevM)us years.
Fund accountk
Unre5trirted funds These are available for use at the discretion of the trustees In furtherance of the
general objects of the charity.
These are unrestrirted funds earmarked by the trustees for partlcular purr•)ses.
These are unrestrlcted funds whlch include a revaluation reseNe ￿presentIng the
restaternent of Investment assets at thelr market Values.
These are available for use subject to restrlttlons Imposed by the donor or through
terms of an appeal.
Designated funds
Revaluation funds
Restrlrted fund5
Recognltlon of
Income
Income is included in the Statement of Financial Activities ISOFA) when the charity
becomes entitled to, and Virtually certain to receive. the income and the amount of
the income can be rneasured with sufficient reliability.
Income wlth related Where income has related expenditure the income and related expenditure is
expenditure
reported gross in the SOFA
Donatlonsand
legacle5
Voluntsry Income received lry way of 8rnnts, donations and 81ft5 is included in the
the SOFA when recepéable and only when the Charity has unconditional entitlement
to the income.
Tax reclaims on
Income from reclalms is included in the SOFA at the same time as the
donations and gifts ￿ft/dOnat￿n to whith It relates.
Donated service5
These are only included in income (with an equivalent amount in expendlture}
where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help
The walue of anyvolunteer help receNed is not included in the accounts.
Investment income Thi5 15 induded in the accounts when recelvable.
Gainslllossesl on
This includes any gain or Iw resultln8 from revaluing Investments to marketvalue
revaluation of fixed at the end of the year.
assets
and facilities
Gain51llO￿es) on
investment assets
This includes any gain or loss on the sale of investsnents.

Heron Ed￿at1(￿al Foundatlon
Motes to the Accounts
Expendlture
Recognition of
expendtture
Expenditure is recognised on an accruals basis. Expenditure indudes any VAT which
cannot be fully recovered, and is reported as part of the expenditure to which it
relate&
Expenditure on
These comprise the costs associated wtth attrattingvoluntary Income, fundralsing
raising funds
trading costs and in%t5tment management costs.
Expendlture on
These comprise the costs incurred by the Charity in the delivery of its attivities and
charitsbleactivities Se￿iceS in the furtheran￿ of its objects, includin8 the making of grants and
governance cosrs.
All grant expenditure Is accounted for on an artual pald basls plus an accrual for
rants that have been approved by the trustees at the end ofthe year but not yet
paid.
These include those costs a550ciated with Meeting the constitutional and statutory
requirements of the Charity. induding any audiwindependent examination fees.
costs linked to the strategic management of the Charity. together with a Share of
other administration costs.
These are support costs not allocated to a partlcular actlvlty.
Grants payable
Governance costs
Other expendlture
Taxatlryb
The charity is exempt from tax on Its charitable actlvitie&
Freehold Inveslment property
Investment properties are measured 1nit1al￿ at Cost and subsequently at falr value at each balance sheet
date and are not depreciated. All 83ins or losses are taken to the Statement of Flnanclal Actlvlties as thev
arise.
Stocks
Stock Is Included at the knyer of cost or net realisable value. Donated Items of stock are recognised at fair
value which is the amount the charlty would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtor5 are reco8nised at the settlement amount due after any trade dlscount offered.
Prepayments are Yalued at the amount prepaEd net of any trade discounts due.
Cash and cash equlvalents
Cash and cash equivalents comprfse cash at bank and on hand. demand deposits with banks and other
5hort-term highly liquid investments wlth orlglnal maturltles of three Months or less and bank overdrafts.
In the statement of financial position, bank overdrafts are shown wlthin borrowlng5 or current liabilities.
In the Statement of Cash Flows. cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integrdl part of the company's cash managemenL
Trade and other creditc
Short term creditor5 are measured at the transaction price. Other creditors and provisions are recognised
where the charity has a present obligation resukning from a past event that wlll probably result in the
transfer of funds to a thlrd paty and the amount (iue to settle the obligation can be measured or
estimated reliably. Creditors and provisions are nomially recognlsed at their settlement amount after
allowing for any trade discounts due.

Heron Edu¢alional Foundation
Notes to the Accounts
Research and dvrtlopmeirt
Expenditure on research and development Is written off in the year in which it is incurred.
F(Kei8n ￿rrende5
Monetary a55ets and liabilities denominated in currencies other than the functional currency of the
charity are translated at the rates of exchan8e p¥evailin8 at the end of the reporting period,
Transactlons In currencies other than the funrtional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchan8e differences are are taken into account in arriving at net incomejexpenditure.
Where the charity enters into a lease which entails tsking substsntially all the risks and rewards of
ownership of an a￿et. the lease is treated as a finan￿ lease.
Leases which do not transfer sub5tsntialty all the rssks and rewards of ownership to tharty a￿ Classified
as operatln8 leases.
Assets held under flnan￿ leases are Inltlally recognlsed as a55ets of the charlty at thelr falr value ar the
inception of the lease or, if lower. at the present value of the mlnlmum lease payments. The
correspondlng liaEMlity to the lessof is included in the balance sheet date as a finance lease obli8atlon.
Lease payments are apportioned between finance expenses and redurtion of the lease obli8ation so as to
hieve a constant rate of interest on the remaining balance of the liablllty. Finance expenses are
recognised immediatefy, unle55 they are dirertly attributable to qualifying assets, in which case they are
capltsllsed In accordan￿ with the charity's policy on borrowinB costs.
Assets held under finance leases are depredated In the same way as owned asse
Operatln8 lease payments are recognlsed as an expense on a straight-llne basis over the lease term.
In the event that lease incentives are recelved to enter Into operating leases. such incentives a
recognlsed as a Ilabllity. The a88re8ate benefft of incentive515 recognised as a reductlon of rental
expense on a 5tral8ht-Ilne basls.
Recelpt of donthd goods. fadlltl¢s and ser¥lces
All donated goods, facilities and sepiices received arÈ rtto8nisÈd within iM)ming resources and
expendlture at an estimate of the value to the charfty.

Heron Educational Foundatlon
Note5 to the Accounts
2 Statement of FlTrandal ACti¥its￿- prior year
Unrestrlcted
fund5 Total fund5
2022
Income and endowmènts from:
Charitable activities
Other trading attivities
Investments
Other
21)0
1,627
191.615
200
1.627
191.615
Totsl
193,444
193,444
Expendlture on:
Other
61.807
61,807
Total
61,807
349
61,807
Net 8alns on Investments
Net In¢ome
349
131,986
131,986
Net Income before other
galns/(lossesl
Other galn5 and1055eJ:
Net movernent In funds
131,986
131,986
131,986
131.986
R•¢onclllatlon of funds:
Total funds brought forward
Totsl funds arrled forward
810.085
810,085
942.071
942,071
3 Income from charltable artl¥ltles
Total
Total
2022
YEDL Wayleave
4 Income from other trad1￿ actl¥ltles
Total
Total
2023
2022
Humbleton Recreation Club
21X)
21JO
2CX)
21KJ

Heron Educatlonal F(￿ndatioN
Notes to the Accounts
5 Income from Inveslments
Totsl
Total
2022
COIF Dlvldend
61
61
120
Bank Interest Re￿IVed
368
1,507
1,627
429
429
6 Other Income
Unrestrlcted
Totsl
Totsl
2022
Investment Property Rent
Grants
17,424
149,948
167,372
17.424
149,948
167,372
785
190,830
191,615
7 Other eXpendI￿re
Totsl
Totsl
2022
Awards and Grants
Bank loan and overdrnft
interest payable
Premlses costs
850
850
419
2,495
2,495
470
470
157
General administratfve costs
Legal and professional costs
59
59
148
22,801
26,675
22,801
26,675
61,083
61,807
8 Staff Costs
No employee reolved emoluments in excess of £60.(KKI.
FreelK)Id
Investment Investments
- Unlisted
T¢>tsl
Cost or revaluation
At l April 2022
Additions
515.545
689,586
1102,6581
4.375
519.920
689,586
{351 1102,6931
{4.3401
14.3401
1,102,473
Revaluation
Disposals
At 31 March 2023
Net book values
At 31 March 2023
At 31 March 2022
1,102,473
1.102,473
515.545
1,102,473
519,920
4.375

Heron Edu¢atlonal Foundath)n
Plotes to the Accounts
io Stocks
2023
2022
Raw materials and consumables
412
412
11 Credlto
amounts falling due within one year
2023
2022
Bank loans and overdrafts
Accruals
9,922
21
10.122
12 Credltor&'
amounts falling due after mre than one year
2023
2022
Bank loans and overdrafts
186,724
186,724
13 Movement In fvnds
IrKomln8
Ilndudln8
Resources
other expended
At l ￿rI1 8alrflos5
2022
At31
March
2023
Unrestrkted funds:
General funds
942.071
168,CM)3
{26,6751 1.083.399
R•valuatlon Resems:
Revaluation fund
{102.6931
1102,6931
1102.6931
1102,6931
Total revaluation reserves
Totsl fund5
942,071
65.310
126,6751
980,706
Purposes and restrictlons in relation to the funds:
Revaluation reserves
Represent the amount by whith investments exceed their historical Cost.

Heron Educatlonal Foundation
Note5 to the Accounts
14 Analysls of Det assets between funds
Unrestricted Restricted
fund5
fvnds
Total
Investments
Net current assets
Creditors due In more than one year and
provisions
1.102,473
1.102,473
64.957
64,9S7
(186,7241
1186,7241
1121,767}
1.102,473
980,706
15 Reconclllatlon of net debt
At31
March
2023
At l Aprfl
2022 C•sh flows
Cash and cash equlvalents
422.751
422.751
1348.0841
1348,0841
74.667
74,667
Bank loans
{196,6461 1196,6461
{196.6461 1196,6461
Net debt
422,751
{544,7301 1121,9791

Heron Educational FoundalSon
for the year ended 31 March 2023
2023
2022
Net Income per Statement of Fmanc*l A¢ll¥ltl
38,635
131.986
Adlustments for:
Dividend5. interest and rents from investments
{Increa5el/Decrease in stocks
Decrease in trade and other payables
1167,801)
14121
I4￿)
1193,2421
100
IS,4001
Net ¢ash used in operatln8 artl¥ft
(129.9781
166,5561
Cash flow5 from Investlng •rtlvltles
Proceeds from sale of investments
Payments for Investments
Diwdends. Interest and rents from Investments
1689,$86}
167,801
193,242
Net cash Inllfyom Investln8 artl¥lEI
1517.4451
193,242
Cash Ilows from flnandng artlvftles
Repayment of borrowin85
196,646
Net cash from flMndn¢ actlvftles
196.646
Net (d•cr•ase)Dntt•aM In cash and c*sh equfvalohts
1450.7771
126.686
Cash and ush equlvalents at the beglnnln8 of the year
422,751
567,281
Cash and cash equlvalents atthe end of the year
128,0261
693,967
Components of cash and cash equlvalents
Cash and bank balances
74.667
422,751
74,667
422,751

Heron Educational Foundalion
Detslled Ststement of Flnanclal Actlvltles
for the year ended 31 March 20Z3
funds Total funds Totsl funds
2023
2022
Income and endowments fr¢Jm:
Charitable activities
YEOL Wayleave
Other trading octlvltie5
Humbleton Retreation Uub
2(Kl
200
200
2CK)
200
Investments
COIF DNidend
Bank Interest Reoived
61
61
368
429
120
1.507
1.627
429
other
Investrnent Property Rent
Grants
17.424
149,948
167,372
17.424
149.948
167,372
785
190,830
191,615
Total Income and endowm¢nts
I68,￿3
168,LlJ3
193,444
Expendlture on:
Other expendlture
Awards and Grants
Bank loan and overdraft Interest
payable
850
850
419
2,495
2,495
3.345
3345
419
Premlses C05ts
Rates
Premises repairs and
maintenance
Other premises costs
(3871
13871
360
857
470
857
1303}
157
470
General admlnistrative costs.
including depreciation and
amorrisation
ststionery and printing
59
59
148
59
59
Legal and profe55ional cosrs
Auditllndependent examination
fees
Management charge5
Other legal and professional
costs
2(WJ
21Xl
200
3,661
3.661
81
18.940
60,802
22,801
22,801
61,083

Heron Educatlonal Foundatlon
Detslled Statement of Hnanclal Acim
Total of expendlture of other (*5ts
T•)tsl expenditurn
Net gain5 on investments
26.675
26,675
61,807
26,675
26,675
61.807
1102,693)
1102,6931
349
Net Income
38.635
38.635
131.986
Net income before other
alnslllowsl
38,635
38,635
131,986
Other Galns
Net movement In funds
38.635
38.635
131.986
Re¢ondllatlon of funds:
Totsl funds brou8ht for4ward
942,071
942.071
810,085
Total funds carrled forward
980,706
980,706
942,071