THE HEATHER MAY NORTH CHARITABLE TRUST STATEMENT OF ACCOUNTS FOR THE YEAR EIWED 27 APRIL 2024 MILNE THOMAS & Co. CHARTERED ACCOUNTANTS 27 SELLER STREET CHESTER
REGISTERED CHARITY NIIMBKR.. I 189697 THF. HF.ATHER MA Y NORTH CHARITABLE TRUST REPORT OF THI TRUSTESS AND VNAUDITED FIliANCIAL STA TLMLliTS FOR THI YEAR ENDED 27 APRIL 2024
TFIE JIEATHER MAY NORTH CHARITABLE TRUST CONTENTS OF THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED27APRIL2024 Report of the Trusfres Independent Exatniner'5 Report Stateinent of Financial Aetivities B&ance Sheer Notes 10 the Finattcial Starements 5ro7 Detailed Sialement of Financial Activities
THE HEATHER MAY NORTH CEL4RITABLE TRUST REPORTOF THE TIIUSTEIS FOR THE YEAR ENDED 27 APRIL 2024 The Irustees present their report with the financi statements of the chwity for Ihe year ended 27 April 2024. The Iriisiees ha¥¢ adopltd the provisions of the Sraiemenl of Recomnitnded Practicc ISORPI 'Accounting and Reportiiig by Charities, in accordance with the Financi Reporting StaDd8rd applicable in th¢ UK and R¢public of Tre12nd IFRS 102) l¢ff¢ctive l Janusry 20151. OBJECTIVES AND ACTITrITtES Objettives and policie$ ID accordance with the trust deed, the fund is held forth¢ trUe¢S to distributt at their discrerion.. To provide grants and donaiions to pr¢v¢nt and suppress cru¢lty to anim215 together with distribution5 to other charitable organi5ations. FINANCIAL RFVIEW Nei expenditure for the year, before gainslllossesl on invegirnents, 1£2,0671. Total unrestricttd income funds Carried forwwl as ai 27 April 2024 were £1.316,216 (2023.. £1,232.0421 and restricted fvnd5 were £690,865. FUNDING The Trust will continue to 5UPPOrt projeGts ID line wirh its obje¢lives and policies. The trust¢¢5 ar¢ satisfied that the trust's assets gr¢ available and &dequate to fulfil its obligations in relation to thos¢ funds. STRUCTURE, GOVERNANCE AND MANAGEMENT Goverlling document The charity is controlltd by its governing dts¢umenL a deed of ttusl, 3nd constituies an uninccTporated charity. REFLRENCE AND ADMINISTRATIVE DETAILS Regi$tertd Charity nutnber 1189697 Prtncipal address Aaron & Partners LLP 5-7 Grosvenor Court Foregate Street Chester CHI IHG Tru5t¢¢ B A Lewandowski C J Roberts C T Pointon Independent examintr Milne ThoTn&5 & Co Chartered Accountants 27 S¢lltt Strcet Ch¢5t¢r Cheshire CHIINA Approved by order of the bo&rd ofirusiee5 On.................................. and signed on its behBlf by.. 8 A Lewandowski- Truste¢ C J Robefts-Tru8tee C T Pointon- Trust¢¢ Page I
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE VIEATHER.WA Y NORTH CHARITABLI TRUST Independent examiner's report lo the trustet$ ofThc Ilegther May North Charitable Trust I report lo the ch¥ily trustees on my examination ofihe accounis of the Tlie Htalhtr May NorEli chlb]eTrust (the Trusil for the year ended 27 April 2024. Rcsponsibilities anLt bAsis ol report As the ch&'ity Irusl¢es of the Trust you gn respgnsible for the preparation of the accounts in accordan wilh rhe requirements of the charli1 Act 2011 I'the Act'l. I report in r¢spe£i of my examination of the Trust's accounts carried out under se£tioii 145 of the Act and in carrying out tny examination I liave followed all applic&ble Direction given by the Chariry Commission undEr section 14515llbl of the Act. Independcnt ex&minEr's statemettl I have conipl¢ied tny examinatioii, I confirm that no material mBtters have conie 10 my attcntion in connection with the exatllination givinE me cause to believe that in any 8t¢rial respect.. Accounting re¢ord5 were not k¢pl in respect of the Tru81 as required by section 130 of the Act. or The ac¢ourJls dD nor accord with those records,. or The accounts do not coniply with th¢ applicable requiremenis conceming the form and content of accounts set out in the Charities IAtcounts and Reports) Regulations 2008 other than any requirement that the accounts give a true fair vi¢w which is not a matter considered as a part of an independent ex&mintlion. I have no concerns and have coine across no other tnatters in connection with the ex8min2tion to which attention should bB drawn in this report order to enRble a prOr understanding of the accounts to be reached. Steven Thom Milne Thomai & Co. Charter¢d Accounwiis Chester CH13NA Date.. Pag¢ 2
THE HEATFIIR MA Y NORTH CHARITABLE TRUST STA TEMENT or FINANCIAL ACTIVITJES FOR THE YEAR ENDED 27APREL 2024 2024 2023 Total Funds Unresiricted Funds Notes INCOME AND ENDOWMENTS FROM Invesimtni inctstTre Other income 27623 62910 Total 27623 62910 EXPENDITURE ON Grant to insiitulions Other 61(M)O 39056 29690 Total 29690 100056 Net gaIn[lO$S¢S1 on investments 86242 NET ENCOMEIIEXPINDITURE} 84175 155961) RECONCILL4TIOiY OF FtnyDS Total funds brtsu£ht fonvard 1922906 1978867 TOTAL FUNDS CARRIED FORW ARD 2007081 1922906 The notes form part of ihese financial SLitements Page 3
THE HEA THER MA Y NORTH CHAIUTABLE TRUST BALANCE SHEET AS AT 27 APRIL 2024 2024 Total Funds 2025 Total Funds Restricted Unreslricied Funds Fuiids Notes rixED ASSETS Investments Fr¢ehold Property 942031 942031 690865 855789 690865 690865 CURRENT ASSETS Cash at bank 375205 375205 376253 CREDITORS Amounts falling due within one year { IQ201 1 10201 NET CURRENT ASSETS 374185 374185 376253 TOTAL ASSETS LESS CURRENT LIABII.FTIES 2007081 1922907 NET ASSETS 2007081 1922907 FUM)S Unrtsirieted funds Resiricl¢d funds 1316216 690865 1232042 690865 TOTAL FLINDS 2007081 1922907 The financial statements were approved by the Board of Trustees on...................................., were signed on its behalf by.. B A Lewandoiv5ki-Trusree C J Rob¢rts-Trust¢e C T Pointon- Tru5t¢e Tli¢ notes form part of these rtnancial stateTnents P88¢ 4
THE HEATHER MA Y NORTH CHARITABLE TRUST NOTES'fo THE FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 27 APRIL 2024 ACCOUNTING POLLCIES B#515 of preparing th¢ finaneiAI Statetnents The financial statem¢nls of the charity, which is a public benefir entity under FRS 102, have been pr¢pared in accordance with the Charities SORP {FRS 1021 'Accounting and Reporting by Charities,. Statem¢nt of Recommended Pra¢ii¢e applic&ble to charities preparing their acc4)unts in accordance with th¢ Financial Reporting Standard applicabl¢ in ihe U and Republic of Ireland IFRS 1021 leffeciivc l January 20151, Bnd the Charities 201 l. The financial sthiement5 h&vE prepared under th¢ historical cost convention with the exception of investments which are included at In8rket Yalue, moditied by the r¢valuaiion of certain ¥s¢ts. been Income All incoTn¢ is recugnis¢d in the Statement of Financial Activities once the ch8Tity has enlitl¢ment to the fvnds. it l5 probable that the income will b¢ r¢ceiv¢d and th¢ amount can be tured reliably. Expenditur¢ Liabilities are recogni5ed a5 expenditure Bs soon &% ther¢ 15 8 legal or constructive obligation committing the charity lo that expendiiurq il Ts probable that a tran5f¢r of economic ben¢fils will be required in settleTnent and the amount of the obligaiion an b¢ measured reliably. BxpBnditure is awounttd for on an accruals basis artd has been cltssified under headIll that aggrege all cost related to the ¢at¢gory. Wh¢re costs cannot be dire£ily &ttributed to partiGular heading5 Ihey have been allocated to activities on a lS consisient with the use of resources. Grants offeTed subj¢ot to conditions which have noi been met at th¢ year end date are noted as a commitment bul not accrued as ¢xp¢ndttUTe. Tsx8tion Th¢ charity is exempl Irom i&¥ on its ¢hÈrilable activities. Fund aceounting Unrestricted funds can be used in accordance with the charitable objectivts at the dTscrelion of the Irusle¢5. R¢s¢t¢d funds can only be used for particular rtslricted purposts within the objects of the charity. Re5tridions arise when specified by (he donor or when fund5 ar¢ rws¢d for particular restricted Purse5. Further explanaiion of the nature 8nd puryose of ¢ach fund is included in the notes its the financial slttteTnenls. Fre¢hold Property Th¢ fr%hold Property purchased l£st ye8r 15 shown at Origin cost in the Balance Sheet. INVESTMENT INCOME 2024 2023 Dividends Interest receivable Life policies 27204 419 13400 3687 45823 27623 62910 TRUSTEES, REMIlNERAOI¥ AND BENEFs There w¢rc Do trusree8' remuneration or other benefits for th¢ year end¢d 27 April 2024 nor for the year ended 27 April 2023. Trustee5' ¢xpen5¢5 There were no trustees, ¢XFtnses paid for ihe year ended 27 April 2024 nor for rhe yeaT 27 April 2023. Pag¢ 5
THE HEATHER MA Y IYORTH CIL4RITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- CON7'1NUED roR THE YEAR ENDED 27 APRIL 2024 FJXED ASSET INVESTMENTS Lisltd investment5 MARKET VALUE Al 28 April 2023 Additioiis Disp05ds Revaluation5 855789 86242 Ai 27 April 2024 942031 NET BOOK VALUE At 27 April 2024 942031 At 27 April 2023 855789 Fixed asset iDv¢stmenls can b¢ caiegorised follows.. UK 942031 FREEIIOLD PROPERTY Frcehold co Ai 27 April 2024 690865 Ai 27 April 2023 690865 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Acci'ued exsKn8e$ 1020 MOVEMENT IN fiUNDS 27.04.24 Total Funds Unresirict&tt Funds 27.04.23 Total Funds Restricted Funds Tangible fixed assets Fixed asset investnicnts Current se1$ Creditors.. falling within one year 690865 690865 942031 375205 1 10201 942031 375205 1 10201 690865 855789 376253 690865 2007081 1922907 Ptge 6
THE HEATHER MA Y NORTH CHARITABLE TRUST NOTES TO THE FINANCIAL STAI"EMENTS- CONTINUED FOR THE YEAR ErnDED 27 APRIL 2024 MOVEMENTIN FUNDS- ¢ontinued Net movetnenl in fiinds. included in th¢ &bove &r¢ as follows.. 1coMIng resources Regoui¢es expended Gains and Movement in losses funds UreStrIctEd funds Gener21 fund 27623 1296901 86242 84175 27623 {296901 86242 84175 Comparatives for movem¢nt in tunds N¢t tnov¢tnentS AE 28.4.22 in funds At 27.4.23 Ilnre$trieted funds Gen¢ral fund 1978868 1559611 1922907 TOTAL FUNDS 1978868 (559611 1922907 Comparative net rnovement in lld5. in¢luded ID th¢ abov¢ gr¢ as follows.. IncotTrinB resources Resources expended Gains and Movement in losses funds Unrestriettd funds General fvnd 62910 11000561 (559611 TOTAL FIINDS 62910 {100056) (55961} RELATED PARTY EXPOSURES During the year. Aaron & PartneTS LLP invoice the Trust £7232 for legal and professional s¢rvi¢es. The TruslBe, C Pointon, is a partnei of Aaron & Partners LLP. Page 7
THC HEATHER MAY NORTH CIIARITABLETRUST SI'A TEMENT OF riN'ANCIAL AC'I'JVITIES roR THE YCAII ['DED 27 APIiIL 2024 2024 2023 INCOMEAND ENDOWMCNTS Invesimetht income Dividends Inl¢rest receivabl¢ Other investmeni income 272D4 419 13400 3687 45823 TDtsl incoming resoure¢5 27623 62910 EXPFNDITIIRL Charitible activities c[t$ to insiilutions 61000 Support c05t$ Othcr Property costs Accountancy fees Leg professional fees lTrvesinieni maIgeMen1 tees 9361 1020 13836 5473 22772 14746 1538 29690 39056 Tollll resources expEndert 29690 100056 Net expenditurt befor¢ gains and 1055es 120671 1371461 Real¢sed recognised gains snd 1055es Gn$1(10s$esI on revaluatioiis wid disposals of investment assets 86242 Net incomellexpenditurel 84175 This page does not form part of the 5tstulory financial statements Page 8