Heron EthXatlC￿al F￿￿JaIl0n
Charlty No. 1187969
Trustees, Rew)rt and Unaudlled Accounts
31 March 2025

Heron EdLKalional Foundalicwi
Contents
Tnjstees. Annual Report
ndependent Examlnerfs RepMNt
Slalement of FIna￿al P£tlvllSes
Balants Sh*1
Slalement of Cash flow5
15to18
Notes lo Ihe AccO(￿t$
Detailed Stalemenl of FInar￿la1 ktNltie5
12to14
Page I

Th8 tru3tees present thelr Yeportwlth the unaudrted financial 3tstements ofthe charityfortheyear
8nd8d 31 March 2025.
REFERENCE ANDADMINISTRATIVE OEfAILS
Chority No. 1187960
Prln¢lp•l Olfi¢•
Hill Fami House
Sproatley Road
Flinton
East Ridiniof Yotk8hiTe
HU114NE
Tru•tM•
The tollowln8tru8tee8 #eNed duringthe year..
C. Br8zler CBE
F.A. Calgy
M. H8vler
D. M•rrlnoon-Hogklng
M. Rll•y
P. Fafrar
K•y M•Tr•g•m•nl Pw•ol￿1
Chalr
Vlce Chalr
Tr0•8urer
M H8vl•r
O Merrln8ton-Ho8knn8
C Br8zl8r CBÉ
A¢¢oufflant•
M P H A¢count8n¢y
18t Floor Manor House
Main Road
Ryehlll
E83t Yorkshire
HU12 gNH
Bank•r•
N8tional Wtstminster Bank pic
Willerby and Kirk Ell8
The Souare
Willerby
Hull
HU107UA
P8ge 2

TrUBl￿ AnnualReport
OBJECTIVESAND ACTNMES
The Objects of the CIO 8fe:
'lorth8 publi¢ benefitto pwde a88istsnceforthe hi0lgre(fv￿fltsn ljy mean8 of gxhibition8. orfinan¢i•l
8$818t8nce to enable ben6ftiariestO Pf8P8re foror &nt8r 8 protsssion. tr8de or ¢allin& othèThAsg
promotlnqthe educatlon lincludlng soci8Land physicaltraininil of boys and Ort8 resident in the Parish ot
Humbleton.. The principalway in which these are achie¥Ed is throLtgh the provision of grants to children
of the pari8h as they reach key stages of education (entering Primary School, SeLond8ry School and
Universtyl. In addrtion. Trustees ￿lIcOn￿lder 8pplication8from local 8choo18 forequipment or faciliti03
that will benefitchildren from the parish. We rai88 moneyto continue ourwor*through rentsl income
from our propertl&8 In Humbleton 48 w81188 intsrast on ouf bank aceounts.
ACHIEVEMEPItsAND PERFORMANCE
Owr the p8¥tyoar. we h8¥t twtrtty one indlvldu•ly•nts Iwhkh wo ¢all'bur88rl¥8'1 to youn4peopLe
tot8lllnq £5250to supportthelr 8tudle8 88 welLg$don8tlon8 of £505to Spro8tleySchool. Th18 totol 1$ an
Incr•ase of £1000 ort 188ty88r Iwhich wa$ far in $xc¢$$ of any other yèar in ieeenttlm8s1 and r¢ft8Ct$th8
Tru8te68' gre8tsrllnancl8leonlbdonce Oven our estAbllshed Income from our rentaLpropertb88 08welL 88
è continued improvement in awareness oltheTrust's existence. We antlcip8teth8tour newly
8st8bli$hed website Iwww.h8ron-odu¢8tional-found8tion.or&ukl willlurther enhancè thi8 in the comlng
yoar. In tem18 t>1 OUT pro￿rtio8. vts have slx Ithre8 2-bed8, &bod$ & one *bedl whlch aro let at
offordgble r•t•s In accord8￿e wrth ovrAllocJtions Policy-which priorit18e8 local people and thoje who
ère occupylng prop8rt18$ for t￿ Ilrst tlm•. Fl¥9 hwe begn Occup1￿ forthe wttole olthl$ perlod ènd one
W88 vacant forthe 188t 3 week8: the property wfiil b& I8￿cUpIed vAthln 6 weeks. In 8dOlllon to tho
expected level ot routine propetymaintenancetasks, this year saw a higherthan lorac8￿ numb•rol
PO8t<on*ructlon defect8. mostly reiatlngto hotwater8y8tsm8. Vlhlist stllla concem. we remaln
Incroa$lngiyconfldentthatwe have found è c08t-off•ctfvo 8oiution tothl8188ue &lthouKh th8 888oclated
costgwiII ho￿ gome Imp8et on our bLbd8¢1 forihe eomingy•gr. D8sprte thls. %¥• contlnue to b¥
onormou8ly pioud ol wh8t w• h8v• a¢hiw•d ov•rthe past a￿ar$ and th¥ drllerenc&th8tthl$ 1$ m8Wng
tothe Long4emi prospects foriho charbty. ourten8nts andthe¢hlldr•n ol ourvlU88•9.
FINANCIAL REVIEW
1118 Worth once ag8ln rewelvlngthe Si￿￿1c8ntfinanc1al actb4ltyo￿11h0 pa8tSyear3 that h88t8ken th&
Trust fmm 2 properti8$8nd ¥¢ry Ilttie 8blbtyto provlde grantsto ourcurrent. much Improved,
flnAnclaL po$ftlon. In 2019. theTiu* $old Heron's Fami, Fifinton for£550,0￿. In accordance wlth CharSty
Commlsglon directlon, thl¥sum Could onty b8 u8ed to purch89e capltsl aggets (such ￿ bulldlngs and
landl or for InveStM￿t$ ft could not bg spant on grants or malntsnanc8ladmlnlstratlon. To that ond, we
had origln8llyallocated E425,IJOOfrom this sale to the dwelllngs element of the constructlon project and
the rom8lnlngio the Cornmunlty Centr&P8¥ilion. A8 de8crlbod wrhovth•r. Ih0 rl8lngcost of
construction me¥nt that we used •LI ofthe £5S0.0￿ plus 8nothèr£3O3.(J)Ool our own money lincluding
E200,000 bank loan repaygble over 15yearsl on compietingthe 6 dwellings ond thereby giving theTru8t
a much more x)lid tinancial b8yeon vthich to build forlhe ftrturn. Ihe Ch&11t￿CommIs$10n directlon
hastheiefora been $8tisfi8d. bUtw￿ have considor8bty loss capltsl 8v8i18bie thèn we had intended when
we started constructlon. That 98ld. now that the ¢*wellings element Is complete land with approximately
£70.000 alrea(ty inve￿ed inlundam8ntalelementsolthe Communitycentre-auctt 88 (rtilities
¢onnections, planning pemii88ion. parkingetcl, the Centre isthe next priorityfor us and we are actively
lookingforways ol m$kingrt a reality-perhap8 in the ne¥t￿l or. moro likoly. in FY2026127.
Pa￿3

Trugt•u Anny•lReport
In thtr pastyear. refi8ciingth8 localand nationaL1w￿90$ in rentsi prices. we iiKr89g•d ourr&nts by an
average of 5%. As a result. Mth all 6 of the homeS0￿upI￿d. our net rental income I'offofd8blè' rat88
minus monagement charges) from all six properties is £38.Cth pa. This Is enab￿n8 us to repay our loan
and to continuo ourgrant-8iwngin accordAncÈwththe paragraphs obo¥8 8nd our obje¢ts.
We hav8 no formal Reserves Poll￿. We 8Iw8fd irtend to have no 18gsth8n £25.0￿ in our accounts wlth
a minimum of £50￿ available immediately in ￿se of urgent requirements leg repalr81. Should we need
to reduce eitherol the8¢fi￿re8. theTrustees will be ask￿ tO8ppro¥e the reductlon.
PLANS FOR FUTURE PERIODS
Asforecast ts8tJwr. we h84* bggunto 81(ywty rebuild our flnanelal rn8oNo8. ¢ontinu8to r8payth• b8nk
loan and arè swrlching our focus to Phase 2 of th& probctwhich Involve th8 bullolndof a new
CommunityCenirelP$vilionlof th8viilage close to the Trust'$ six dwelling8. We coniinue io lookforway8
oflln8n¢ingthis important ¢ommunty as8et bLrt W4wait announc•mtnt8 from the Government on 8 8r8nt
Strate￿ that wlll PrO￿de resource$lof thi8type of project. Whllg w8 Wati. wo continue to monitor other
potentl81 grant opportunltie$ le.g. N8tlon•l Lottery. Sporting Bodles. Loc81 development Grants) and
remain r¢8(tyto begin construction within tpneks 8hould lunding m*•rf81i80. A8 noted In our
Achievemants P8r88raph8. the profft thai w8 84ner•t•d from ournew propert￿9 ¢ombln•(J with more
eff&¢t￿8 publiclty has en8blod ua to incre￿8 the omountthat wo provide to local childr•nfyoung t)eople
to enBbL¢ them to reach thelrluLI pot¢nti81. We aim to conUnue at Wt ye8T'3 l¢vel8 forth8 comlng year
but ara stlll •ble to provlde more iaf8&ied land potentlally Ilf8-ch8ngln8) èmounts to 3upportthe
transition Irom educ8tlon and into employment Should the light opportunbty an¢J •pplicant arije.
STrUCTVRE, OOVERNANCE AND MANAOEMENT
Horon Educatlon81 FounO8tlon 1$ a registered charitable In¢orpor8ted organisatlon (CIO- 11879691 and18
con8tituted under • Foundation mod81 constrtutiort dated 14 February 2020.
The Tru8t w83 orlginally est8bli$h*d in 1734 bythe wbll of Franc18 Heron to proylde •881ot8ncg forthe
hikn8r edu¢8tlon ol chlldren lfvln8 In Iho paf08h ol Humbloton.
Th• con8tltytlon 8IIMlor • mlnlmum of 3 and a maxlmum 019 Tru#tee¥. Aquorum Is achlo¥•d vth•n
50% (Tounded upl are In •ttend8n¢•. There Is no restn"ctlon on re$idoncy OT profession ol Tru8ta88
although it 18 normal forallTru8t8•S to hav¢ ￿rne connection (through r¥gld•n¢yortsmllyl to Humbleton
of the surroundlng porl8he& W& hold Trust meetinqg overy month.
Poge 4

H*mi Educational FO￿￿0110￿
The charitytrustees are r¢$poft¥ible t¢r pre￿11n88t[U3l88J, 8nnual reportand financial statsment8 in
accordancewith applicable LiwaThl Unlted ￿figdOm Aecouniingstsndards Iunlted Kingdom Generally
Acc&ptedAccountlng PractKel.
The trustses are responsibi8 lor ke8plng proper ￿CountIng record¥th81 di8Cto¥8 with rea8on8bie
8ccur8Cy at anytime the financial position ofthe charity and to enable them to ensureth8t th& finon¢i8L
statgments complywith the Charr¢iesAct 2011. the applicable Charftias (Accotsnts and R&portsl
Rggul8tlon8. and tho provisitins oftheTwst deed. TheTrustees are also regponsiblefor gafegu8rdlngth6
assets ofthe ehortty and hertcetaking reg￿n￿ble Steps torthe pr￿ntiOn and detection of fraud and
other irregulariti'es.
Signed on behaitofthe chwtyg tru8t888
C. Brazl•r
Trust•8
17 N0￿mbar 2025
Page 5

Heron Educational Foundation
Independent Examlners Report
Independent Examlner's RetKffl to the trustees of Ed￿31th31 Fomjndation
I repJrt to the truslees on my examlnal1r￿ (rf tPe fInar￿181 stateFwIts of Heron Ed￿tIonal Foundallon f
the year ended 31 March 2025.
Responsibllitles and basis of reiMNt
As the charlws tr￿stee$ yw ￿ re4xYsiUefLY weparatlon Of￿ flnanclal staterr￿tS In accordatxe
th the requlrements of the Charttles 2011 fil* Act'l.
I reF)Jrt In reS￿t of my examination of ItEthFity's financial State￿thts cwried wt undersecllon 145 of
the 201 l Act and In carryng out my exam1nal1L￿ I have follo*Ed all the appqkable tMre¢tkns glven by Ihe
Charlly COMMI￿(￿ undw seclkm) 14515)(b) of Il* kl.
lThYependenl examlner'5 5talernenl
I have compleled my examina11￿. I can confirm thal ￿ material matters have CO￿ to my atlenllon In
COnr￿clI0￿ ￿th the examInatl￿ glvtng me cause to belleve that In any malerlal resreci..
the accountlng records were r￿t kept In resw of Ihe charlty as rewlred by SLxII(M 130 of tt* Acl. or
the flnarKlal slatemenls th rM)l ￿CC￿d ￿ttt IIM)se rLvxds' ¢x
Ihe flnarKlal slalemenls th rKJl cC￿pIY wllh the applk3ble requlremenls the forni and
conlenl of flnanclal slalemenls sel (KJI In the Charltle5 (knunls aThJ ReF*Jrts) Regulallons 2(M)8 other
than any requlremenl Ihal Ihe flnarKlal slalemenls gfve a'lrue and falr, vlew Is nol a matter
con5Klered as part of an Independent examInall￿.
have no corKems a￿1 have come ￿(￿$ Th) other matters In caN￿ClI0n wlth the examlnallon lo vthlch
allen11c￿ sI￿ukI be drawn In thls repyt in ￿der lo enable a PTCW uTrJerstaTrJSTh3 of the flnanclal
slalemenls lo be reached.
ShannM Smlth MAAT FCCA
M P H Accountafv
1st Floor MaTh)r Fknuse
Maln Road
Ryehlll
East Yorkshlre
HU12 9NH
17 November 2025
Page 6

Heron £ducalional fwndation
statement of FinarKial ktivities
for the year ernled 31 March 2025
Unre5trlcted
furnls Total funds Total funds
2025
2025
2024
Notes
Income and endowments
from..
Charllable acllvltles
Other Iradlr¥J aclivltles
Investments
Other
2(XJ
2.102
89,682
2,135
43.376
2,135
43,376
Total
45,713
45.713
91,986
Expendllure cm..
Other
33,609
33,6CI4
33,609
38.768
Total
33.6C
38,768
Nel galns on Investments
Nel Income
12,104
12,104
53,218
Transfers between funds
Nel Income before other
galns/llosse5)
Other galn5 and105ses
Nel moveffenl In funds
12,104
12,104
53,218
12.104
12,104
53,218
Reconclllallon of luThJs'.
Total furKls brou￿1 forward
1.033,924
1,033,924
9￿,106
Tolal fun(ts carrled fmiaTd
1,046.028
1,046,028
1,033,924
Page 7

Heron Educaliijnal Foundation
Balance Sh￿1
at 31 March 2025
Charity No_ 1187969
2025
2024
Flxed assets
Inveslments
1,152.216
1.152.216
1.152.216
1,152.216
Current assels
Sl(Kk5
Cash at bank and In hand
10
412
69,687
70,(Y)9
(10,879)
59,220
1.211.436
{165,4CA)
1,046.028
412
68.481
68,893
(8.8621
()0,031
Credllors.. An￿nI falllNJ due w41hln one year
Net current assels
Total assets less current Ilaljlllles
1,212.247
1178,323)
1,033,924
Credllors.. Amounts falllr¥J due after mcye than one year
Net assets exdLKllrq penston asset (Y Ilablllly
Total nel assets
12
1.046.028
1,033.924
The furKJs of the tharlty
Restrlcled funds
Unrestrlcted funds
General furKis
13
13
1.046.028
1.046,028
1,033,924
1,033,924
Reserves
13
Tolal fur#Js
1.046.028
1,033,924
ApprcNed by the t￿￿tee5 C￿ 17 November 2025
And slgned on Ihelr behalf ty..
M. Havler
Trustee
17 November 2025
C 8razier
Treasurer
Page B

Heron Educational Fi)undation
Notes to Accounts
the year efKJed 31 March 2025
1 Accwntlng pollc
Basls of preparatlon
The flnanclal statements have teen wwed h) ￿￿da¥Ke wlth Strten￿l rf R￿MMended Practlce".
Accounllng and Rep￿11￿ by Charllles preparlThJ Ihelr accrmjnts In ￿th the Financial
Rewrtlng Standard applicable in the UK a￿1 Republlc If Ireland (FRS 1021 16 Juty 2Q14 and the
FIna￿l81 ReFM)rtlThJ Standard aFWKable in Ihe United Kingjom arKI RewblK of IrelarKI {FRS 10213fKI the
Charlties Act 2011.
Change In ba&s of KcounliThJ CK to wevkKLS acc(Amts
Thefe has Lwi no charKJe to the ￿)untI￿j wlkles (valuation rules a￿] me11K￿ of &cwntlr#J) slnce
last year aThl Th) chaw have t*en made to ￿C(￿lS previJJ5 ye&s.
Fund accounting
Unrestr￿ed funds These are avallable for L￿e al the dknetkjn of the In￿tee5 In frjrtherance of the
general objects of the charlty.
Deslgnaled fwrfts These are unresldcled fun(ts eannarked by the tr￿leeS for partlcular wrp05es.
Revaluall(￿ funds
These are unreslrlcled funds Nthich Ir￿1￿Je a revaluatlon resefve representlng the
lalemenl of Investment assets al Ihelr mafkel values.
These are avall8ble fN use subj￿1 lo restrlclk)ns Im￿Sed ty ttr* dorKX or through
Iwms ofan apFeal.
Restrlcted fur¥Js
1￿C￿e
Reccwblllon of
I￿￿￿15 I￿luded In the Statement of FIna￿l Actlvltles ISOFA) the charlty
t¢LOm￿ enlltled to, and vlrtualty certaln to fecelve. the IlKc￿￿ and the amount of
I[￿orne ￿ be measured wllh gjfflcknt rellablllty.
Income wlth rdaled Where I￿Ome has felaled ex￿￿￿￿tUre ltr* Ir￿Orr* arKI related expendlture Is
expendllure
reF(x1￿1 gross In the WA.
Donallons aNJ
legacles
Vdunlary Irm r￿e￿￿d by way ofwants. donatlons aTha glfts Is IrKluded In the
trÉ SOFA %%twi rttefvable aTrJ only It* Chartty has Un￿d1th)nal entlllement
lo the Or￿0￿￿.
Tax reclalms on
IrKorr* from tai reclalms Is InclLthd In tre WA at Ihe same tlme as the
donallons and glfts gIftIdc￿t1￿ to ￿lch it relate5.
Donated servlces
These ￿e only lrfluded In I1￿orne {wlth an equlvalenl anyjunt In expend1lu￿)
atxl facllllles
vthere tt* bertfit to Ite Charlty Is reakwbty quanllfiab￿, meagjrable and
material.
Volunleer help
The value of volunteer help r&reTr￿J k5 I[￿luded In the accryjnts.
Investment IrKome ThLs Is ITKluded in tl* acccAmls then rKeNable.
Galnsl{losses)
Thls any galn (ff k)ss rewlllr¥J from rWd1u￿ Investments lo market value
revaluallon of fL¥ed at the eTrJ of the year.
ssets
Gèlnslllosses) (x)
Investmenl assets
Thi8 ir￿lUdeS anygaln or th on the sale of trNestments.
Page 9

Heron Ed￿tional Foundal
Notes lo the Accounts
Expendlture
R￿ognitIon or
expthilure
ExFendlture Is rwlsed on an accruats basis. EyThdlture irKludes any VAT whlch
cannot be fulty r￿ed, a￿1 Is reF*Nted as parl of Ihe exFendlture lo ￿Nch It
relates.
Expwvjiture on
These [￿Wise the costs asxxiated wtlh allr&tiro v¢Juntary Income. fundralsl
raLsing funds
tradlrrfJ costs and Investrr*nt maryment Costs.
ExperKlilure on
These comwise tfre costs ItKurred by the ch￿lty In Ihe dellwy of Its actmtles aTrJ
charitable acllvltles servkes In Ihe funherarKe of Ils objecls. IrKludlTrJ the makiTrJ of gran15 and
Grants payable
I ￿ant exFerKllture15 accwnted (m an actual paid basls plus an &cnJal for
ant5 that have been apprfftd by the tr￿lee5 al Iheend of JEar but nol yel
Patd.
Govemarte costs These I￿1￿ It￿1$e costs assctiated wlth meetlrrfj conslltutlonal and stalutcry
requlrements of the Charfty, ￿ludI￿ any wJJiinThjet￿dent examlnation f&5.
costs Ilnked to the slralOc manav￿1 ￿the Charlty. loplher wlth 8 share of
oltw admlnlslralion costs.
oit*r experKlllwe These are supFrf costs all￿ted lo a partlcuLir xllllty.
Taxatlon
The chadty Is exempl from tax on Its charftable xtfvllie5.
Freehold Investment IXOFÉrty
Investmenl wopertks are measured Inlllallyat cosl arKI sutrwtly al falrvalue al each balarKe sheet
dale a￿1 are not deV￿lated. AJI galns ￿ losses are taken to the sla1eff￿t of FlnarKlal ACt￿ttle5 as they
arlse.
Stocks
Slttk Is Included al the lower of cost or nel reallsable valuè t*)nated Items of slc(k are recognlsed at falr
value whkh Is Ihe amount the charlly would have teen wllllrKJ to pay for the Items on open market.
Trade and other debl
Tra(k and other debtors are rec(vJnlsed at the settlement am(￿nI due after any Irade dlscounl offered.
Prepayments are valued al the amount wepakj nel of any trade dtswnts due.
Cash and cash equlvalents
Cash and cash equ￿alentS comwlse cash al bank arKI on hand. demand deF4)slts %•Alh bank5 and other
sM)rt-lerm highty liquld Inve51rrEnts vAth Lylglnal malurllies of three nxy)Ihs or less a￿1 bank overdrafts.
In the statement of flnatxLg1 sx)s6tk)n, bank Dmdrafts ¥e slThvn vAthln t￿0￿rI￿ ￿ currenl Ilabllltles.
In the Statement of Cash Flo￿5. cash and cash ewlvalenls are Sh￿ nel of bat* overdrafts Ihal are
repayable ort demaThJ and r￿M an Int¥al wl of the crfflpany's cash man&Jement.
Trade and other credlt(Ks
Short lerm credllors are measured al ihe transactlon wlce. Olher credltors and Fxovlslons are recognlsed
where the charlty has a present obl*li(x) resvlliNJ from a past event Ihal ￿11 probably result In the
Iransfer of funds lo a Ihlrd party and amcAJnl skn lo sellle the obligat1c￿ can be measured or
esllmaled rellably. CredIt￿5 and W0￿510r￿ are rrnlty rttwlsed at their settlement arr￿jnt after
allowing for arty trade discounts due.
Page 10

Heron Educational Foundation
Notes lo the Accounls
Rese8rth and development
ExpendItU￿ research arKI de¥ekywl Is *ffltten off In Iheyear In vth*h It Is [r￿rr￿J.
Forelgn currencles
Monetary assets and liabilllles d￿TrInated In other than the ftwKtlonal cU￿encY of the
charlly are translated al the rates of exctoroe wevallirYJ al ihe er* of the rep)rtlng F*rlod.
Transacllons In currencles other than thefuncllonal CUrrer￿ of Ihe dwity are r￿Orded al the rate of
exchanF on the dale thal the transacti￿ (xcurT&I.
All exchafv differe￿e& are are taken Into ￿COUnt In arrI￿￿j at net Ir￿oMe1exF*Tr￿ItUre.
Leased assels
Where the charlty eDler5 Into a lease vknth enlalb taklng subslantlalty the risks and rewards of
ownershlp of an asset, the lease ￿ Ireated as a fIna￿e le￿.
Leases which (Jo rnl Iransfer subslantlalty all the rlsks and rewarits of lo charlty are classlfled
a5 operatlThJ lease5.
Assets held under finar￿e ￿Se5 are Inltlalty reC(wis￿ as assets of the charlty al Ihelr falr value at the
ncepllon of the lease ￿, If al the presenl of mlnlmum lease payments. The
correspondlNJ Ilablllly lo the lessor Is Included In the balan￿ sheel dale as a finar￿e lease obllgallon.
Lease payments are apportloned between finarKe expenses aThJ red￿tIon of the lease obllgalion so as lo
achleve a constant rate ol Interest on the remainiTrJ balar￿e of the Ilability. FinwKe expenses are
recwlsed Immediately, unless they are dlrectty attrlbutable to quallfylng assets. In case they are
capllallsed In accordance wlth the charitys poliry on torrowir¥J costs.
Assets held under flnan￿ leases afe (￿￿￿ted In It* same way as thyned assels.
Operallry lease payments are rec(wlsed as an exFense on a straI￿l-llne bas15 over the lease term,
In the eversl Ihal lease Incentlves are recefved 10 enier Into cw8llrKJ leases. sLKh IrKenllves are
rec(KJnlsed as a Ilablllty. The wegale benefit of IrKenllves Is recc¥3nlsed as a reducllon ol rental
expense ￿ a sIra1￿t.11ne basts
Penslon cosls
The charlty cperates a denr*d conlrlbutkn for Ils eryk)yees. A deflned c￿trIbUtIon plèn Is a
Pens1￿ plan u￿r the charlly pays flxed conlrlbullons Into a separate enllty 0￿e the
conlrlbutlons have been pald Ihe charlty has w further paymenls obligatkyts. The contrlt4Jllons are
recognlsed as expenses when t￿Y fall due. Amounls nol pald are kn in accrua15 In the bala￿e sheet.
The a55ets of the plan are held Separately from charlty In Indepethlly admlnlstered funds.
Recelpt of donated go(Mls. fac111t￿ and servlces
All donated WJ5, facllltles and servlces recelved are feccwilsed ￿thIn I￿om7￿J rescdjrces and
expendlture at an esllmate of the vak* to Ihe tharlty.
Page il

Fteron Ed￿at￿m￿l Foundation
Notes lo the Account5
2 Statement of Flnanclal Actfvllles- JEar
Uweslrlcled
fun(ts Tolal funds
2024
2024
Income and endowmentsfrom..
Charltable aclmlles
Other trading actfvities
Investment5
Olher
2,102
89,682
2,102
89.682
Total
91,986
91,986
Expendlture on..
Olher
38.768
38,768
38.768
Tolal
38,768
Nel Income
53.218
53,218
Net IrKome tefore olh
galnslllosses}
Other galns and losses.
Net movement In funds
53.218
53.218
53,218
53,218
Reconclllatlon of funds..
Total fund5 bought fwrd
Total funds carrled forward
980,7C*>
1,033.924
980,706
1,033,924
3 Income from charllable acllvllles
Unrestrlcted
Total
2025
Tolal
2024
YEDL Wayleave
4 from other tradlrwJ xtmlles
Unrestrlcled
Total
2025
Total
2024
Humblelon Rmtk)n Club
2tKJ
2CM)
5 I￿0￿ from InVeStn￿lS
Unreslrkted
Tolal
2025
Total
2024
Bank Interest Recelved
2,135
2,135
2.135
2.135
2,102
2,102
Page12

Heron Ed￿811(￿1 Foundation
Notes to the Accounts
6 Other
Unrestrlded
Tolal
2025
Total
2024
Investment Prowy Renl
Sundry Income
Grants
43,276
Ic
43,276
43,509
46,173
89,682
43.376
43.376
7 Other expendlture
UNeslrkted
Total
2025
Tolal
2024
Awards and Grants
Bank loan and overdraft
Interest payab
Premtses costs
General admlnlslratlve costs
Legal and professlonal cosls
5,756
5.756
4,765
8,289
8,289
8,732
14,755
329
4.480
33,
14.755
329
14,250
272
4,4
33,6(r)
10,749
38,768
B Staff costs
No empk)yee rttthed ern￿uments In excess of £60.CW.
9 Inveslmenls
Freehjld
Investment
Property
Total
Cost or revaluatlon
Al 1 Aprll 2024
Al 31 March 2025
Nel book value5
Al 31 March 2025
Al 31 March 2024
1,152,216 1,152,216
1,152.216 1.152,216
1,152.216 1,152,216
1,152.216 1,152,216
10 st￿ks
2025
2024
Raw malerlals and tcrfwmables
412
412
412
412
Page13

Heron Educational Fwndation
Notes to the Accounts
11 Credit(K5".
amcMJnts falllng due within i)ne y
2025
2024
Bank loans and overdrafts
Accruals
10.879
8.365
497
8,862
10.879
12 Creditor5'.
amounts falling due after more than year
2025
2024
Bank loans and overdrafts
165.408
165,408
178,323
178,323
13 Movement In funds
Ir(omlrKJ
resource5
(Ir￿lUdI
other
At 1 Aprll galns/losses
2024
At31
March
2025
expended
Reslrlcled funds..
Unreslrlcled funds..
General funds
1.033.924
45,713
I33,6C￿) 1,046.028
Total funds
14 Analysls of net assets between funds
1,033,924
45,713
(33,6091 1.046,028
Unrestrictèd
funds
Restrlcled
fur
Total
Investments
Nel current assets
Credllors due In rrKYe than arrtl
provSsKJns
1,152.216
1,152,216
59,220
59.220
{165.408)
1165,40BI
{106.1881
1.152,216 1,046,028
15 RecO￿lI1atl0n of net debt
A131
March
2025
Al l Apyll
2024 Cash flow5
Cash and cash equlvalent5
68,481
68.481
69,&97
69,687
Bank loans
(186.688)
(186,6881
10.401
10,401
1176,2871
1176,2871
Net debt
(118.207)
11,607
1106,6C())
Page 14

Heron EdL￿allon3l Foundation
Notes lo the Accounts
Page15

Heron EdLKallonal Foundallon
Siatement of Cash flows
for the year erKled 31 March 2025
2025
2024
Cash flows from operatlThJ acllvllles
Nel Income per Statement of Finar￿18￿ Actlvlttes
12.104
53,218
Adjustmenls f(Y'.
Dlvidends. Interesl aThJ renls from irNestmenls
ID&rease)1l￿e35e in trade arKI other payables
(45.511)
(49n
(91,784)
297
Net cash used In operatlThJ ￿t￿ltIeS
133,IIN)
{38,269)
Cash nows from Invesllng &tlvltles
Dlvldends, Inleresl aThJ rents from IrNestmenls
45.511
91,784
Net cash from Inve5tlrrfJ ac1m1￿5
45,511
91,784
Cash flows from flnarKlrKJ actlvltles
Repayment of twoAlr
(10,401)
19,958)
Net Cash used In financlng activltles
(10.401)
{9,958)
Net I￿rease In cash arKI cash equSvalents
1.206
43,557
Cash arKI cash equfvalents at the teglnnlT¥J of the year
68.481
74,667
Cash and cash equlvalenls at the e￿ of the year
69.687
118,224
Compc¥￿t5 ofca5h and equlvalents
Cash and bank balances
69.687
68,481
69.687
68,481
Page16

Heron EdEtstional Fc4Jndation
Detalled staterr￿tI of FIna￿al ktfvltles
for the year WKled 31 March 2025
Unrestrkted
funds Total ftJNls Total funds
2025
2025
2024
Income and endowments frcrfn..
Charllable acttvllles
YEDL Wayleave
Other Iradlng actMlle5
Humblelon Re(￿tIon Club
2DJ
Investments
Bank Interest Re￿IVed
2.135
2.135
2.135
2.135
2,102
2.102
Other
Investment Property Rent
Sundry Income
Grants
43,276
1L
43,276
1C
43,509
46,173
89,682
91,986
43,376
43.376
Total Income and endowments
45,713
45,713
Expendllure on..
Other expendllure
Awards and Grants
Bank loan crmthalt Interest
payable
5,756
5.756
4,765
8,289
8,289
.732
14,045
14.045
13,497
Premlses costs
Llghl, heat and F(wer
Premlses Insuran￿$
Premlses repaks aTrJ
m.?lytcna￿e
1,728
1,728
1,181
894
12,2?3
12,223
12,175
14,755
14,755
Gere.'al adTr',-
4k1￿lL.￿',-fj deFJre£4atiori ard
am￿tI52*Y￿-.
U. Idry eyenses
329
329
272
272
329
LeG'a, ani, ￿. 2fessIc￿e[ c.sls
uoSt/ifide@ndent examiiièl￿j
(4DO)
'JanagemeDt ia,-ses
-er leGal a-ld. ?'-oiesslon81
4.880
6.020
4,480
4.480
Page 17

Heron Educatlonal Foundation
Detalled Statement of Finartial A£trvities
Total of exFendllure of other costs
Total expendlture
Nel galns on Inveslments
33,fA)9
33,609
38,768
33,t
33,tA)9
38.768
Net 1￿cHne
12.104
12.104
53.218
Nel Income bef￿e oll
galns/(losses}
Other Galns
12,104
12.104
53,218
Net moverrEnt In funds
12.104
12.104
53.218
Reconclllatlon of fu￿t$..
Total funds browt f¢yward
1.033,924
1.033.924
9BO,706
Total funds carrled forward
1.046,028
1,046.028
1,033,924
Page 18