REGISTCRCI) I:IIARII-Y Niif*lllCR.. 1189697 THL HEAI'HLR lAy NORTH CHARITABLETRIIST VOR1. or'riii TIIIIS'J'I.-SS AND UNAUDI'I'LD fiNANCIAL STAI'EfvIENTS FOR THE YEI AR INDED 27 APRIL 2025
TIII:. HCA'IIIER MA Y NOlI'fFI CIIAllI'fABLE TRiisr (.'nN'I'b.N'I'S of4 Tiif i,-INAN(.'IAL S'I'ATEfvIENTS roR TIIC I'EAIi ENDED 27 APRIL 2U2S Pag¢ Report of the Trustees Independeni Ex8miner'5 ROrt Slal¢ni¢nt of Trini)ncial Activities Balanc¢ Sheet Not¢5 to the Financial Stat¢inent5 5t07 Detailed Swiemeni of Financial Activitit5
THE HEATHER MA Y N()R'I'H CHARITABLI TRIIST IILI>ORT of4 THC TRIISTLrs roR THE YCAR ENDED 27 APRIL2025 The Irusltes preseiil their r¢port with the financial slalemcnls of the charity for the yepr ¢nded 27 April 2023. The trusicc5 havc adoplcd the provisions of the Sialeiii¢nl of R¢coinniended PraLIILe ISORPI -Accoiinlin8 and R¢porling by Cliarilies. sn avcoi"dance with IhB Financial Reporting Siandhrd applicable in Ihe UK and R¢public of Ir¢land IFRS 1021 {etfective l Janu8ry 20191. OBJI,-(."I'IVIS AND ACTIVII-11.-8 Objectives pulitles In accordance iviih Ili¢ Irust deed, Ihc fund is hcld foi. the trustC¢5 to distribut¢ #t Iheir discretion.. To provide 8ranls and donation5 to PT¢vent Ènd siippress cruelty lo anima15 togeth¢r with distributions io other ¢horiiable or88nisation5. FINANCIAL RI,:VIEI W Nei expendiiurc for the year, befvTe 8ainslllosses) on inveslineiits, was1£35 J701. Toi21 iinresiricied inLY)Ine funds carried forth as at 27 April 2025 wcre £1,267,57712024.. £1.31621612nd reslricled funds wcrc £690,865. FiINDING The Ti5( ivill continu¢ lo suppori projecis in line with ils obj¢¢iiv¢g and policies. The iyusiees are 5atlsfi¢d thai Ihe Irugi's asse15 ar¢ availabl¢ and adequate lo fulfil lis obligations in relation 10 those nds. STRIIC'I'URE, GOVERNANCE AND MANAGEIMENT Governing document The charity is conlroll¢d by ils governing document, a deed of Irusl, and consiiluies an unincorrM)raicd charily. REFERENCE AND ADMINISTIknITIVE DETAILS Regi51ci'ed Charity numb¢r 1189697 Pi'ineipal Rddrys$ Aaron & Partii¢i'% LLP 5-7 Grosvenor Coun Forcgaie Street Chestcr CHI IHG Tru51ees B A Lcivandow5ki C J Robuis C T Poinlon Independ¢nt cxamin¢r Milne Tlioiiias & Co Charlei'd Aceounianls 27 Seller Slr¢¢t Chter Cheshire CHI 3NA Approvcd by order of the board of trust¢¢s on.................................. . and signcd on it5 half by: bknJo4-. f.f B A LJvandowski- Trust¢¢ C J RobeMs- Trustee CT Poinion-'I'ruslee Pa8e I
INDCIJLNDENT LXAMTN'I,-II'% IILl>OlI'r'ro 1'HC TRIISTEES OF TIIE HEATiif.R MAI, NORTH CHARII-AIILL-I'RUS'I. Independtrtt examiner's report to the trusttts of The HeAther laY North ChRritabl¢ I'rust I repori 10 Ihe chariiy Irusl¢e5 on tDy eXamI110n ofihe accounlsof IheThe Pleather May Noith Ch?rilabl¢Tw%l {th¢ Tru811 for ihe ycar ended 27 April 2025. Iltspothsibilitlts basis of r¢port As the Lhariiy li'usices ofili¢ Trust you are responsible for Ihe preparation of the accounts in accolalice with the requircmenls of th Charilics Act 2011 I'ihe Aci'l. I rcport in rcspecl of my ¢xomin81ion of iheTru81's account5 carried out undEr 5Wtion 145 of the Aci and in esrrying oui my ¢¥aininalion I have followe(l all applicable Dir110 given by the Chariiy Coinniission linder section 14515llbl ofih¢ Act. Indeptnd¢nt Qiatnincr's stxtement I hve coniplcled my ¢xllminoiion, I confirm that no mal¢rial matt¢r5 hgve ¢ortie 10 niy aiieniion in LU)nneclion with theexaininalioj) givinB Ine cause lo beli¢ that in any Inaieiial rcspecl,. Accounting records were not k¢pt in r¢5ped of the Trust as required by section 130 of the Act. or Thc account5 do noi accord wilh ihose I'ecords; or The accuunis Ilo not comply wlih the applicable reiiuireinent8 ¢on¢ei'ning the fom) and content of accoiinls Set out in Ihe Chfiriiics (Accounts and R¢porisl Regulaiions 2008 othei. Ihan any I'equiirtntnl that the tniS give a Irue llnd fair view wliich 15 nol 8 Inalter Lurtsidered as a ol'an liideild¢t ¢xaiiiinalion. I have no concerns Jnd have comc across no other Inatt¢rs in connrclion with the cxzminalion lo which artenlion should be drawn in this rewri in ordcr lo Cnable a prop61' undersianding olihe accounts lo be irached. Steven Thomas Milne'l'homas & Co. chred Accounlanls 27 S¢ller Stre Chester LHI 3NA Pag¢ 2
THE HEAT14ER lAY IVORTFI CTrIARITAnLE'fRusT STATIP4lEN'r or FINANCIAI, ACI'IVI'I'IES roR THEYEAR CNDEID27 APRIL2025 2025 2024 Ttslal unds Unresli'icled Noics INCOfvII,- AND LNI)OIVMÉDrrs rRoM Invcslin¢nl income Oih¢r incom¢ 48136 27623 Tot&1 48136 27623 EXPEIYDITIIRE ON ChAr5t#blt H¢livilie5 Grani io institutions Oih¢r 50000 33506 29690 Total 1353701 29690 Nei gaIn(lO58e$I on investments 1132681 86242 NET INColE1{LIxPCl NDITIIREI 1486381 84175 RECONCILIATION OF fuNDS I'(kt41 fund5 brought fonyaril 2007081 1922906 TOTAL FUNDS CARRIED FORWARD 1958443 2007081 The notes forin parl of these financial slatenients Pag¢ 3
i'iir, iili.ATHER MAY NORTII CHARITABLE TRUST 11A1.ANCL SIIIL'r AS AT 27 APIIJL 2025 2025 Total Funds 2024 Toial Fund5 Restricted UnT¢Stri¢ied Funds Notos rixED ASSETS Inv¢simcnis Freehold ProrKrly 928763 928763 690865 942031 690865 690865 CURRENT A&SCTS Ch at b8nk 339870 339870 375205 CREDITORS Amounts falling due iviihin one year 1 1056) { 10561 NEIT CURRINT ASSETS 338814 338814 374185 'ID'I'AL ASSCTS LE&$ CURRENT LIAIIILITIES 1958442 2007081 NCIT ASSETS 1958442 2007081 FUNDS Urtrcslriclcd fiinds R¢51ricl¢d fund5 1267577 690865 1316216 690865 TOTAL fiiNDS 1958442 2007081 The financial Slalert¢S appiY)v¢d by ihe Board of Trustec5 on.......... . wjd %%¢re signed on ils t*haifby'. B A Le%¥8fKlowski- Trustee C J RO.S- Trusiee C T Poinlon.'I'rusl¢¢ Th¢ nolcs foTm pam of these financial slat¢m¢nlS Page 4
THE HEATHER lAy NORTH CHARITABLE TRIIST NO'fES TO THE FINANCIAL SI'A'fLMENTS IOR TIIC YEAR LNI DLD 27 APRIL 2025 ACCOUNTINC POLICIES Basis of preparing th¢ financiRI 5t#iemeni$ .1 lie financial statements of th6 chèrity. wlii¢h is ts public benefii cniity under FRS 102. havc bcen prepared in accoiylance wilh Ihe Clldriiies SORP IfRS 1021 'Accouiiliiig aiid Rcporting by Ch&'illCS'. Siaicinenl of Recominended PrCtice appli¢*ble lo charitlC5 prcparing th¢ir aceovnis in tt¢cordance wilh the Financial Rcporling Standard applicable in the UK and R¢publi¢ of Ireland {FRS 1021. aiid Ili¢ Cliarilie5 Acl.'I'li¢ fingn¢ial slalenienls have been prepartd undcr the historical Cost convention with the exception of inv¢siffjenis whi¢h 8re inclu(kd at market value. as modified by the revaluation of certaiii a5s¢Is. All income is recogniscd in th¢ Statement of Finao¢i&l Aciiviiies Ott the ch8rity has eniillemeni to the funds. il 18 proiHble thal the incom¢ ivill be re¢eiv&l and the ainoiinl can be Inea5ur¢d r¢liably. pcnditllrt I,iabililics are recognised as cxpcnditure as s(K>n 4s there is & I¢Elll or tonsiruciive obligation committing Ik charity 10 Ihal expendiiure, il is pro>hable Ilial a Irdnsfer ofecoiioiiiic bciiefiis will b¢ r¢qiiii'cd in seiil¢iii¢nl and the 91llOUlit of ihc obligation can be ni¢&suitd reliably. Expcndiiiirc is accounted foi. on an accrua15 b15 ond htts becn clllgsified under headings thai aggirgale all cosi relal¢d to the caleguiy. Where ¢08iS lnn01 be direclly attiibuted to particular headings Ih¢y have been allocatd to arlivilies Ort a b&8is consisl¢nt with Ihc of T¢50urc¢s. Grants off¢red subject 10 conditions which hav¢ not bE¢n m¢t at th¢ yew ¢nd date are noied &s a commitment bui noi 8ccrued expcndiiure. T8x#tio The charity is ¢x¢mpl from IBX on ils charilable aclivitl¢5. UnreslriLied funds ean bc used in accordan with ihe charitable objectives ai Ik diSCr10n of Ihe Iruslees. R¢slricted funds ctLn only be used for particular iESlricted PurPS within ihe objects of tharily. Resiriciions arise when specificd by the donor or whert funds are raiged for parlicularrestricted purpos¢5. Fumhtr explanation orth¢ natur¢ Jnd purptsse of each fund is included in thc notc5 to Ihe financial 5tateTn¢n¢& Trr¢chold Ilroptrty Th¢ fre¢huld property is shown al original cost in th¢ Bg18nce Sheel. JNVL8TMENT INCOME 2025 2024 Dividends Inter1 reccivable Rentals 29259 7868 11009 27204 419 48136 27623 TRUSTCCS> AEI¥IUNERATION AND IIINEri"rs Th¢re weTe no Irlist$, r¢muD¢ration or other benefit5 for the year ended 27 April 2025 nor for lh¢ year cndd 27 April 2024. ru5tC¢S' ¢XPCthSts There war Ro Irusiees, exp¢Ds¢5 paid foi. the y¢ar ¢¢d 27 April 2025 nor for the year 27 April 2024. Page 5
THE HEATHER MAY NORTII CIIAIIITABLE'fRUST NOTCS TO THE FINANCIAL STAI'F.McNfs- CONI'INIICD roR THL YCAR LNDLD 27 AJVRIL 202S FIXED ASSCT INVISTMCNTS Lisl¢d inve51AiCnlS MARKETVALIIE Ai 28 April 2024 Addition% Dispos*ls Revaluations 942031 (132681 Ai 27 April 2025 928763 NE4T BOOK VALUC At 27 April 2025 928763 Ai 27 April 2024 942031 Fixed asset inv¢5tiD¢n15 ¢4n be coieEofi8ed as follows.. UK 928763 rREC4HOLD PROPIRTY Freehold COST Ai 27 Api'il 2025 690865 Al 27 April 2024 690865 CRLDI'I'OIiS.. AMOUNTS FALLING DUI WITHIN ONE YEAR 2025 2024 Accriied expellS 1056 1020 MOVEMEN'f IN FUNDS 27.04.25 Toigl Furtds 27.04.24 Total UnTesiri¢led riinds R¢51ricl¢d Fund5 -rangibl¢ fixed llsseis rixcd asset invesiiiien15 CurreDI assds Credi13.. falling within on¢ y¢ar 690865 090865 928763 339870 ( 10561 690865 942031 375205 11020) 928763 339870 { 10561 1267577 690865 1958442 2007081 Pa8e 6
Tiif, IIEA'I'HER MAY NORTH CHARITABLf. TRIIST NOI'I,-8'1'0 THE f4JNANCIAL SI'ATCMENTS- CONTINIICD roR TIIL YfAII I,:NDEI D 27 APRIL 2025 MOVEMCNT IN fuNDS- tontlniie(I Net Inovem¢nt in funds, included in the aiK>V¢ fellows.. Incomi118 resouires Resources expended Oain5 and Mov¢meni in losses Ilni'e51riet¢d fund5 General fund 48136 1835061 1132681 1486381 48136 183506) 113268) {486381 Comp#r#ilvey lor moYem¢nt in fund$ Na movemenis At 28.4.23 ill lunds Al 27.4.24 Ilnr¢stricltd funds General fund 1922907 84174 2007081 TOTAL FUNDS 1922g)7 84174 2007081 Comparative net Inovem¢ni in funds. included in th¢ 4bov¢ ar¢ &% follows.. Incoming resourc¢5 R¢5our¢¢s exnded Gains and Moveiiient in lusscs funds I1nrestrittciE funds Gcn¢Tal flind 2762J 1296901 86242 1841751 TOTAL FUNDS 27623 121)6901 86242 {841751 REI,ATED PARTY EXPOSURES During Ihe year, Aaron & Partners LLP invoir¢ Ihe Trust £12395 for Icgal and prof¢55ional s¢rvi#5. 1.hel ruie¢, C ljoinlon, 15 a partncr ol'Aaron & PaTln¢r8 LLP. Page 7
TIIE HCA'fHCI R MA Y NORTH CHARITABLE TRUST s-rAI'ENIENT or FINANCIAL ACI'liii'fiES FOR Tiif. YCAR LNDLD 27 APRIL 2025 2025 2024 INCOfv.IE AND ENDOWMCNTS Inv¢51mtnt Income Dividcnds Int¢r¢sl re¢eivable Rentals 29259 7868 11(X)9 27204 419 'rotAI ineoming resourccs 48136 27623 EXPENDITIIRE Charitable R¢iivliles Grants to insiiluiions 50000 8upporl costs Olhtr PrOllY ¢osls Accouniancy f¢¢5 Legal wid PTofeg5ional f¢es Invern¢nt manag¢m¢ni fees Bank fees 7561 1056 20063 4796 30 9361 1020 13836 5473 33506 29690 ltitAI re8ource5 exp¢nd¢il 83506 29690 Nel ¢xp¢Bditur¢ before glins Io55C5 1353701 (20671 ReAlised rceogni$¢d And losses Gaiiisllloss¢sl 011 Ifvdludtiorts and disposals of iDve51meni Èssets {132681 86242 Net incomell¢xp¢Ddityrtl 1486381 84173 Thi5 pagc d5 noi form parl ofihe 51alutory finan¢ial slaiemenls Page 8