Company re8islraiion numbcr.. CE024354 Charity r¢gistr4lion number.. 1192769 The Heritage Group, Bellingham IA Charithble Ineorpornicd Orgunisation) Annual RLpvrt und Financial Sialcmcnls for the Year Ended 31 Doccmber 2024 ACCA TYNEREDE ACCOVIIIAIICV
The Heritage Group? Bellingham Contents Relerence and Adminislraiii'e Details Strategic Report 2104 Trus¢e¢s' Repon SE06 Ind¢p¢nd¢nt Examincrfs Report Siatcjc1it of Financial Acliviiies Bal?nce Sli¢¢t Notes io il)e Fii)ancial Stateiiienis lQio 15
Thc Heritage Group? Bellingham Referenee and Administrative Details Trust¢¢s S Gibbon K And¢rson S Owen A G Galbriis111 Charity Rogistratlon iNMber 1192769 Conipany Regi%trAtion Number CE024354 The cliariry is ineorporaied in InBlllnd &. IVale5. Station Yard Bellingham Flcxhani Nortliumberland NE48 ?DG Reglstered Offle¢ l*depcndent ExAmlnor Cliristopher Gillic fccA Lloyds Bthnk l.louse B¢llingliai 14¢xhom Nortliiimbcrland NE48 ?BA Page I
Tlie Herltage Group? Bellingham Strategic Report for the Year Ended 31 December 2024 rtrlaln Aetl!'Itle$ During th .y¢ar In 2024, Ive coniinued lo adi'ance our oulrca¢h piDgi?In iviih Ilie folloiving notable eveiiis and iniiiaiivcs.. .E%lilbitloii at St. Culhbtrt's Cliurcli, Bellingliani: Tliis was ali cnhaiiccd d¢velopiiiciii of the pr¢i'ious exliibition ai Ilie Cliurcli and ran for ihe fLEII year aiiracting nuinerous visitors. .F.ducational Visils.. Ive conlinucd io l)051 scipcral school ilnd group visits. cnhan¢ing oiir ¢du¢aiioo#l ouir¢a¢h by offcring leacliing programs ttt Ihc l.Icrilagc C'cntrc io n)orc scliools. .Cnntinued our links M'itli Rtdesd&le: We sti'cngtliened our conneciions wilh Redesdale Ilirougli COliliiiu¢d collaborations wilh Tlic Rcdcsdalc Society and tlie Hcriiagc Ccnire's Wikipcdia. .We liosted & verv sue¢e55ful Being 14uman' clIbIlI0n in collaboration i%itl) a lesiival of (lie s? ill¢ iiamc *1nd Northunibria Uiiiversily. Mi any lI¢01S aiid youth groups aitended ihis eveni 211d tt%'o quit and buff¢i ¢v¢nii)gs were licld. iniroducing $oin¢ n¢iv iudicnccs. .IVl and other group vlslts and talk5. We iniliatcd a Ictler io Womei)'s Insiiiknie atid other groups ivlii¢h rcsulied iii Il)c 14eriioge C¢ntr¢ giving 16 ialks ai)d receivin8 Inaiiy orgonised visiis for guided tours. Tliis iniliaiive ivos very suceessful nnd i%'ill conlinuc pcrn)ancnily. • We made att¢ndgn¢es ai Elsdon Fete and The Bellinuliam Shoiv with Ihe aims of.. o Raisinbi aivarcncss of tli¢ H¢riiagc Ccnire and Lncouragie visils. o Finding out i)iorc dbout ivliy p¢opl¢ do and do not visil us. Evcn.l$ and P#rtner$hlp%i • Ive hosied uno¢her successful vinlaEe vehicle rally. generaiinsb SibJnifi¢alli futtds. W¢ eonlinu¢d io p)rtner with Tynedole Talking Newspttp¢r for ¢lic blind and visually in)pair¢d. Ve ¢UTOt¢d a very succcssful seosoiial cxliibition to cclebrulc tli¢ lifc and ivork ofvaldcmArs Blankenburbls. Wc hosied a very su¢¢es5ful exhibiliun un Ihc m&nipiilatiort ofph()t(>8rapl?s1sinc¢ Ihcy bcganl in tlic (omi of tlie"BeÉng Human" feslivul in collaboraiion iviih & gvroup fro1 N()rtl?umbria Uniirersily 011r5. We engaged ts ptspil int¢re5ted iii photography lor a Duke of Edinburgh's Aivard. Digitsl EnhnCements. We ¢ontiDu¢d lo incr¢o5c ihc number of neiv vid¢0 displays and s¢ating area5 at Ihc Hcrilagc Ccnire. ll)is iniiiaiive will eonlit]uc unlil cvcry niajor cxl)ibilion arca has J digital presence. The Heriiage CenlTe's Wikipedia program accel¢rnied. l)aving begun in Ilie lalter hair of 2023, focusing initially on il)e history of hous¢s in Bcllinb>ham. Tl)L sibmifL¢Jni conlribulions of a Fricnd of the Museum from Neiv Zcaland. formerly of B¢llingliam. enhancL.d dnd sprcod lh¢ infonhiltion hcld in ihe Wiki. risJnjl)'_Certtrit IniilAtlves: • We coi)iinued to make ihe Hcritage Cenlre more aiiraciive io families by iniroducing family.cen¢red actiipilies and games ihroughout ihc Ccntrc. Once igain, opcncd a Santa's Grotto for children at Christinas. Page 2
Tlie Heritage Group Bellingham Strategic Report for the Year Ended 31 December 2024 A larxe iicii, model railivay layout ivas purcliased 10 repla¢¢ Ili¢ simpler and oldcr layout wliich was continuing to be unreliiible, Gcnealouy Asslstan¢e: We continued io orrer our gen¢alogy S¢Tvi¢es lo Iielp more visitors iraee their faniily liislurie$. Collo¢tlo.ni.!¥l_anaL¢m¢ffjL' We coniinued io revginp our collection5 Inanagcmenl approach aiid dcal ivitli our colleclion8 backlog. Our reirilalized tea1 is updating th¢ collections catalogue iviih phoiographs of exl)ibits and conductiiig n audit to cnsure acciirncy. Significanr progTCSS %YdS modc. Maln Aehlevements Durlng the YeAr •Donatlons and Grants: W¢ r¢¢cived a number of signifieani don81ioTh$ and 8ranls. including large privaic donulion5 and support from the Rotl)ley Tru%t. N()rtl)umbrill Couniy Council and the Duke's E51at¢, to wliom we al'e vcry grdieful. We ulso received support for ihe"Bein&i Huii?an F¢siivul" via N¢ivcabilc City Council. •PArlnershlps: We Lonlinued our c105e engagement willi Museum Developmcnf Nonheasi (liiier rei)11med Museum Developinciii Nortlil froiii which li'e rc¢eivc mucli Iieeded advicoi buidan¢¢ and tTaiiiing a$ well as contact5 wilh oiliers in ihe SL'clor reg>ionally. o In ¢oiuun¢lion with Northumberland National Park and For¢stry Englaiid North ive ihsithllod o bike liub on the Sliilion pliliforn. Bcllinghain ivill bLeomc & hilb for cycling in this pan of ihc couniry ond iv¢ hop¢ il ivill 8llr;i¢i Imrc visitors ¢0 Ili¢ Hcrilagc Cenlre und Tea on Ili¢ Trnin. o Ive continued lo ii'ork iiriih Ilie BordL'rlftnds Initlalive to dLvelop a significaiil capit¢l1 fuiiding siream for the Flcrila8¢ C¢n¢r¢. Tiii5 involvcd co.opcruiivn wilh NorthumbeT]lI Couniy Council, tlic local Town Council nnd other gTOUPE locally. o The Chair of Trustces joiiicd tlie Museum Devclopment North's Directors Adi'isory Group. DlgltAI Prescncc.. Our online PTe5enLe in¢lLtdes u website, fac¢book, u minor presence on Inslagraim. excellciii Googlc rcvieivs. and TripAdvisor. We in)proved OLir Faccbook enlage]lient and decidcd lo finii Ily leave Tiviiier due to 11$ recent uplieavols and low folloii'er couni. Volutter Re¢ruitmtn(: Volunteer recn]iimeni reixJins a ¢hall¢ng¢. We have ut(racled a nuinber of volunieers rLcently bul noi in front of house and guiding. Tlie strains on fronl of liouse are beginniiig to iell anil we are rclying tsn a diminisliing group lo do n)ore and mor¢, 4 Sltualioi) ii,Iiich callnot conlinue. Despi(e this, conlinue lo grow our group of Fri¢Dds and produce a well-received newsletter. Membership ¢oniinued its increase. VlsSt Englnd A$sc55ment: Our biannual Visit England AsS¢55n)¢nt ivas phcnomenally succcssfitl resulting in 2 larb>e in¢reas¢ iii our oi'¢rall score. *F#eility Improvement5: We refurbished ihe wesiern gabl¢ ond ivith modcrn cladding maierili Is. We re¢¢av¢d planningt conseni to refurbish (he Easi gable end with a significllnt art iVOTk Jn(I signage. Page 3
The Herltage Group, Bellingham Strategie Report for the Yegr Ended 31 December 2024 .Trgining and Goi'ernance: A further four voluniLLfs receiTred W¢lcom¢ Hosl Irainkng. Aftcr using gn ¢xl¢rnal tr41illLr in ?023 this yeur we d¢lii'¢red ihc rrnining ournelve5. A new committee member in 2023 beLame 8 Trnslrt in ?024. Two oihers joincd OUT commiiiLL. WL Ii'orked with an Lxpcrienced external c(Trnsulianl lo produce a coinpreheiisive and rolling funding plan lor grani applications. Our Shop and volunteer manager applied successfully for a placc on a Ma%icr% level Heriiabyc Curation coursc and stancd in Seplembcr 2024. *Flnanclal Perfornce. Our Shop and general iftcomc pcrftsmianee continued 10 improve. Despite conlinuing eLonuniic Lhallcnbwcs. in¢r¢uscd fooifall hLlpcd mainthin incomc IL vels. .Our "Free Entry" or 'lloluntary Conlrlbutlon" Inlllthtlvc became pernMn¢rtl and boosi¢d in¢lusivily and equalily criieria. inerea5ing sliop uiid museum looifall. .Flnan¢l#l Managemrn¢: Our invcsimcnt portfolio coniinues 10 provide a reasonable retum. reinvested into the r¢rve fund. 28/09/2025 The slraiegic rLyot1 was approvLd by th¢ Irusl¢e5 of thc charity on.................... an PMUT on its bchalf by.. IWQWI•X •tJ..47..MPIAIITG S Cjibbon Tru5t¢¢ Page 4
The Heritage Group) Bellingham Trustees, Report Thc IrusreLS. Ivho are dircctor5 for the purposes of Loinpany lillv. pr¢scnl tli¢ annual rcpori togcihcr iviil) the rinancial stateinei)ts of the el)ariiable con)pai)y for Ilie year ended 31 Deceinber ?0?4. ObJ¢¢tli'es and Activities Ptibllc beiiejli The object of Ihe CIO is io advunce edycaiion of fhe public in ilie history, Jrchaeology, kieobTraphy, Ihe eni'ironmcni and related ttspecls of the Norili I'yne and Redesdale valleys by ill particulq4 r bul iiot cxcliisivcly: A. Tlie management of o l)crit3ge centrc in Bclliiigliai B. The provision for eductstion. study aiid oilier suitablc fdciliii¢s C. Supportingv lind co-ordindling? reseacl) and displays Tl)¢ tr1151ccs Lonfinn tl)ai iliey IiavL Loinplicd '1th th¢ I'cqiiircmcnÈs of scclion 17 of di¢ Clittriii¢s A¢t 201110 Iiav¢ duc rc&pard to the piiblic bLncfil yuidDJLC¢ published by thc Charity Commission for Englllnd and IValc5. Tru5ttes And orrieers ThL lrn$teL$ and Ol¢cr$ slrving during Ihc year cind since lh¢ year ¢nd iv¢r¢ as folloi%'s'. TNsie¢$'. S Gibbon K Andcrson S Oivcn A G Galbraiih lappoinled 12 June 2024) Flnftnclal Instrllments Objuclives t711dpollcles Th¢ ¢h#rily'$ activitlcs exposc il to a nun)b¢r or rithonci1i I risks incliiding credit ri$k, cash tlow risk ,Ind liquidily risk. Tli¢ usc of finDnciol deriY11 livLs is govenicd by Il)L ¢hl1 rity's policics IipprovL.d by IhL bonrd of Irusiec%, vhi¢h providc Mryitien principle5 on Ilic use or rinazi¥iJl dcrii'atlvcs 10 Inunage Ihc$c ri3k$. Thc ¢liarily do¢b no¢ us¢ dirivative financial ii)Smimcnts for speculativ¢ purposc5. Coslijlomi risk Thc cl)urity's actiViii¢$ ¢XPOs¢ il priimarily to the financial risks of chl& ngcs Én for¢ign currcncy excliangc ratcs oiid irtlcrcsi nles. Tlie ¢hariLy us¢s foreign exchange fonvard ¢onlra¢is attd inl¢r¢st rdle swop conlTa¢l$ to hedge tl)ese exposures. IntctC5t bcarii)bJ ass¢ls aiid liabililics are Iield ai fix¢d rttir lo ¢nsurc certainty of cBsh floivs. Credli rlsk Tl)e charity's principal financial osscis arc bank bulances and cash. tixde und oil)er r¢¢¢ivub1¢5. and inv¢slrneiil5. Tl)c cliarity's crcdir risk i81)rimarily atlrÉbiitabl¢ lo its trade rcccivabl¢s. Tli¢ amounts piEs¢nted in rl)¢ balance sh¢¢i arc nci of ulloivanees for doubl1 Tcccivables. An allowance for inipairmcnt is mud¢ ivliere ther¢ is an idenlilied loss eveni Hrhicl), based prcvious experience, is evidence of 2 rcduclioii in Ihe recovernbilily of ilie ush llows. Th¢ credii risk on liqiiid fun(ts and d¢rivJlive financiul insiTUtncni$ is litnitcd bwaus¢ thc ¢ounlorparties are banks iviih l)igh creilil-raiin&ys assigncd by intcrnaiionul crcdii_raiing ab¥cncie5. Tlie charily lias no siuFnificaDI ¢oii¢eniralion of credii risk. Iviili exposure sprEad over Tjumber of counterpanies and cuslomers. Page 5
The Heritage Group, Bellingham Trustees, Report Liquidity. risk In order to maintain liquidity io ensure thai sutTicient funds available for ongoing operaiions and fuwre dLvelvpmcnls. the charity usc% a mixtur¢ ofiL)ny-Icrm and shon-l¢mi d¢bi financc. Further details regarding liquidiiy risk Lan be found in the SiJtcm¢nt of Jccounting w)licies in the financial stalements. St4tement ofTrustees' Re%pon5ibllitl¢s The tru%lcc5 (w'ho al%0 Il)c dirccinrs of The IqeritA8C Group. Bcllinsham for ihe purposes of coinpany lawl arc rcsponiiblc for preparing ihe iru%lLL%' fLPUrt th¢ finJncial %Iatcienls in accordance with ihe UnilLd Kin&vdom A¢counTing Siandardb (Uniied Kinb¥doni GtJi¢rally AccLptLd ALLoun¢inb PrdCIiLel und uppliLthble luw lid rLgulpti(Trns. Compiiny luw rcquirLs ihc Iruslces io prepare financial stalcmci)ts for ¢ach fLnJncial year. Undcr coinpany law Ihc Iru*ieLS mu51 noi dpprovc thc financial siaicincnis iinles% Ihcy Ar¢ satisfied Ihai ihcy givc a true and fair view of the $141tc of uffdiTh of th¢ cliarilablc company and ol. 1¢% incoittingi T¢%OUr¢i and appliLaii()n of rL'yourccs, itLcILidinbi its incom¢ and expcnditurc, for ihui perivd. In proparing Ih¢5e financiNI slalernenls. IhL trustees ure rL'quircd to.. elccl ¥uiiablc acLounling policics and apply thcm ¢onsisicnily• observe th¢ methods ond principlcs in the ('haritle5 SORP.. make judg¢mcnlS and estiinales thai are reasonable and prudcnt,. slaie wlicihcr appliLobl¢ UK A¢couniing SianduTd5 have be¢n follow¢d. subj¢¢i to ony maicrial departures disclosed ond explained in th¢ fin2L nciul slalcincnts., and prepttre Ihc financial stal¥mini% i)n ihe g()ing conLern bllsls Urtlcss il is inoppropriale io presume ihai Ihe charilublL company will ¢oniinue in business. ThL ITU¥I¥LS IITL fL'sponsiblL fur kccpingy Hdcqualc ac¢ounling rLYords ihai arc 5uificieni to shvw and ¢xplJin tho chJriiablL ¥omp4in>i s IranstsLIiun5 and dis¢I0s¢ with reasunablc UCLufJLy 411 &ny limc Ihc finanLial position of the chJriiablc Lomp<iny and cniiblc them lo cnsurc ihul the financilll slatcmenis coinply with Ihc C'oi)Ipllnics Acl 21M)6. Th¢y are also r¢%ponsible for %ufLbTuardinb lh¢ ol. Ihe LhJriiable Lompany and henLe for thkin rcasonablc sieps for the prcveniitsn and deie¢iioi? of fraud and 01hcri£k% 28/09/2025 ThL' unnuul report was approvcd by Ihc ITu$lees ofthe charity ort ....................'1Ayngl on il% bchylf by.. NEDIECUHELY 2M•12025atTr.47..M PM IJ S Cjibboii Trusic¢ Page 6
The Herilllge Group* Belllngham Independent Examiner's Report to the trustees of The Heritage Croup) Bellingham ("the Company") I report (he chariiy tru5tecs on my examinaiion of tlie accounis of Ihe Company for the y&ir ended 31 December 2024. Rospon5tbllltles #Md bas1$ of report As the clittrity's trnstecs of tl)e Comp21 ny land also its dircctors for rlie purposcs of eompftny law) you are respo2isible for the prepdralion ofilic accounts in accordance willi die requirein¢nis of ilie Comp¥nies Act ?006 I'ihe 2006 Act'l. lavirtg saiistlcd Inysclf thllr tlic accounis of Mic Heritage Group, Bellingham Jr¢ not rcquir¢d to b¢ ouditcd uiidcr Part 16 of ¢l)L 2006 Aci and are elib)iblc for indcpcndcni cxaniiniilion. I report in rc5pcci of my eNaillin1tioii of your ¢liarily's accouiits as carried oui under seLtioii 145 of the Cliarilies Aci 2015 I'ilic 201 A¢i'l. In ¢1rrying out my cxainination I hai'L follo¥vcd Ihc Dir¢L'liviis uivLn by lh¢ Cligrity Comniibsiun undLT section 145(511bl of ilie ?01 l Act. Independcnt eyamlner's $tat¢mont l)ave coinplcled Iny examiiiation. I confirn) iliai iio Matte Iiave come to Iny aiicnlion in conneciion iviili tlie cxaininalion giving I¢ caus¢ ¢0 believe.. accounling rccords iverc noi kcpi in rcspeci ofTh¢ H¢riisg¢ Group. Bellingliom us Tcquircd by scction 386 of 111¢ 2006 Aci; or 111¢ 4Trccounts (lo nol Dccord iviili 11i0sc rccords; or 3. 11)e aLcounls do ntst eoiiiply willi th¢ ac¢ouiiiiiiy requircmcnis of scctioii 396 of Il)e ?006 Aci oiher thlln ony rcquircmenl tliil111)e Jctoiinls Siv¢ a 'tnic 14 nd fair vieiv, which is noi a Inaiicr tonsidcrcd as pllri of on 1iid¢i)eiideni examinatioii; or 4. 111¢ uceouiits liavc iiol bcen prcparcd in accordii Iicc with ilie niclliods 111d principles of tl)¢ SIAi¢iniiii of Il¢¢oinin¢i)d¢d Pmciic¢ for oc¢ounling aiid rcportin8 by clillriiies Inpplie&blc 10 ¢1111 riii¢S pirparinbi il)cir ac¢ouiiis iii a¢¢ordan¢e witli thc Finai)cial Rcponinu Siondllrd applicoblc in the UK and Republic of IrLbland IFRS 10211. I have no ¢on¢ems aiid havc conic ocross no otlicr n)Iiters in conncction iviih lh¢ cxainiiiation to ii,liich nitcnlion should bc drai in ihis rcport in ordcr to enable ft proper undLf5liL ndi118 ofili¢ xcoiinls 10 bc rcachcd. Chrisiophcr Gilli¢ FCCA Lloyds Bank Hous¢ Bellingliai l.lexham Northumb¢rlortd NE-48 2BA 3.kl Pagc 7
The Heritage Group? Bellingha Statement of Financial Activities for the Year Ended 31 December 2024 (Including In¢on)e and Expenditure Account and Statement of Total Recognised Gains and L055es) Unro$trlc(td funds Restriclcd funds Total 2024 Note Iucomc aDd End0'ment5 from: Doniiioiis tsnd l¢ga¢ios Oilier irnding aclivilies Inv¢51mes11 incoine 20.096 38.847 1.195 15,000 35.096 38,847 1.193 Tolal iiicon)e 60.138 15.000 75.138 Exp¢ndlture on: R.?ising fui?ds 151.9641 (13,167) {65,1311 Toial cxpcn(lilure Net ineon)e 151.9641 113.1671 8.174 1.833 10.007 Nel Move1ent in funds 8,174 1,833 10,007 Rc¢oncill4tlon or runds Toial funds bTouglii fornvfjrd Tolal fuiids CQlTicd forward 75,113 6,900 82.013 83,287 Unresti'lc'teil fund 8.733 Re$ti'leted rund5 92.020 Total 2023 Nolc Ineome And Endowmcnts from., Donations 01)d l¢gaci¢s Oili¢r Iradiiig aclivities Investiiien¢ incoine 56.578 .11,587 1,460 10.830 67.408 31.587 1.460 Tolal inconie 89.625 10.830 100.455 Eipendithrc on: Raisinbi funds 156.4661 (6,930 {63,396 Toial expcnditure 156.466} 6.930 163,3961 Ncl income Tr:Insf¢rb b¢iwcen fund5 33.159 41,954 3,900 3,000 37,059 44.954 Nel movemeni in lldS 75.113 6,900 8?.013 Reconcil2ation of funds Tot81 ndS caffied forward 75.113 6,900 All of tl)c charity's activitics dcrivc from coiitinuing opcrations during ¢h¢ abtsvc two pcriods. Tile noies on pages 10 ¢0 1 s fomi an ii)iegral p2rt ofthege financial statements. Page 8
The Heritage Groupg Bellingham {Registration number: CE024354) Balance Sheet as 9t 31 December 2024 2024 202.1 Note Fixed assets Tangible asseis 17,280 18.240 Cllrnt Assets StoLks tk.bior5 C'ash al bank and in hand 3,000 57.069 16.336 2.500 32.874 34.4(}4 10 76.405 69.116X Creditor$: Amounts f4lllnR due wlthln >'e&r Net ¢urr¢nt %$5ets 12 11.6651 16.0951 74.740 63,773 et 45sc¢s 92.020 82.013 Funds of the Charlty: RL'Strlct¢d Income funds KL%lriciid luiids 8,733 6.YOO Unrestrletcd Inromr funds Unrcsiricicd funds 83.287 75.113 Tol81 fund5 92.02Q 82.U13 For Ihe financial year ending 31 Decembcr 2024 rhc charity was cniiiled 10 exempiion from lludit under section 480 ()I'ihL C"(?mp4Lnies ALI ?Q06 Tcloling ti) di)rn)ani companics. DIrlor5, r¢sponsibiliiies- Thc ineinh¢rs havc not rcquircd ihe charity 10 obtttin an audit of its accoun15 for thc year in question in aLcorddi)¥¥ with scclion 476: dnd The dire¢ior5 acknowledge their rcsponsibili¢ies for complying with the requiremenis of Lh¢ Acl wilh respect to aLOUnt7n8 r¢coTds and thc prcpaTalion ofaccounis. IjNEDClxYri&fteIa1 stat¢m¢nl4 on poge% 8 10 IS were Appmved by th¢ twsl¢es, and guth0ri5¢11 for issue on 281091 X)25........... and sign¥d on IhLir behalf by.. IW102SJl $..47..Sa PM UTC SIGNED ¥ECLRELY 21ffj•11915 5..IY..UPII UTC S Gibbon Trus¢ee The notes on pages 10 lo 15 forni an intC8ral part of these financial 5thtements. Page 9
The Heritage Group? Bellingham Notes to the Financial Statements for the Year Ended 31 December 2024 I Charity stat115 The Lliarity is limited by Share capiial. inc001a1ed in England & Wal¢5. Tl)c addres8 (If lis rcgisieied oifice is.. St%ltion Yard Bcllingh47m Hcxl)am Northuii)berlai)d NE48 2DG 2 Ac¢ountiiig polS¢les Sunimgri of 5ignlficant nccoyntlng policies and kcy accounting estlmat¢s Thc principal a¢¢ouiitin¥ policics applicd in Ilic preparnlion of Ilic5¢ fjnancial slalenicnls Éire $¢1 Qui b¢loiv. Tliesc policics litsve b¢¢n consisigiiily applied io all the y¢ttTS pwscnted, unless oiherwise 51aied. StAtemcnt of conipllnnce The fI1)an¢iol SUi¥m¢nis h.'Ivc bccn prcpar¢d in ac¢ordane¢ with Aecountingy and Rcporting by Churitics,. SIAt¢mtni of Rc¢on)mcndcd l)nciicc lapplicabl¢ io ¢haritics prcpariiig tl)cir accoiinis in aecordirt¢¢ iviili ihe Finiiicial Rei)oriin# Sijndard JpplicJblc in lh¢ UK ;Ind Rcpubli¢ of Ireland IFRS 102)) lissucd in O¢i()beT ?0191 Iclittriiies SORP IFRS 10211, IIIL Fii)anLiol Reporting Siandjrd ai)plicublc in t1 UK and Eiepublic of Ireljnd IFRS 1021 al tlic Coinponics Acl 2006. B#$ls of prepAralloii Tl?L I.IL'riiage Group, B¢lliiiblifjlTI? Ince15 Ilie dcfiniiion of £1 public b¢n¢fil ¥nlily undL'r fRS 10? Asscls aiid liiibiliiies ii rc iiiiiially rc¢ogni%¢d at hi%tori¢al cosi or iransociion valuc unl¢ss oilicrnvisc Sili lcd in Ilie rel¢vani occouiiling policy noles. Colng concern Tlie ¢ruslees coiisider (l)ai there #re no niaterial uncerlaiiilies tsboui tl)e ¢l)arity's abilily lo conliiiue a bjuing onccrn nor any significllnl or¢us oliinccriairbly ihat atrecl Ihe canying i'aluc ofas5¢15 Iicld by Ihe Lhaiiiy. E%cmption from prcpArlng 4 L'ash noiv statement ie chiiriiy opted to eArly adop¢ ilull¢tin I i?ublislied on l Febrnary 2016 ttnd ha tl)ercfore iiot included o cosh floiv slatemcnl in thes¢ linan¢ial staicinenls. Income tsftd endoivrncnts All income is recogni5ed once the cliarily has enliileinent to Él)e income, it is probable iliai Ilie inconie will be received and Ihe amount ofdie incomc receivable can be measured reliably Doiiuii¢iiis legrtel Dor]alions are Tecognised wlieii thc cl)arity lias bccn J?otificd in wriiiii&> ofboih tile aniouiii and seitleincnt date. In Ili¢ ¢v¢nt that a donaiion is subjeci to conditions ihal require a level of perfonnane¢ by ihe cliariiy before tlie cliarity is entitled lo Ihc funds. Ilie income is defcrred and not rccognised uiilil citlicr th05¢ conditions 1lre fully Inei. Dr fulfjlineiii ofthose eondiiions is ivliolly wiiliin ihe control of Ilic cl)ariiy and it is probable ilial these oiiditions ivill be fulfilled iii ihc reportins period. PaLFc 10
The Heritage Groupj Bellingharn Notes to the Financial Statements for the Year Ended 31 December 2024 Grtsiiis reL'Èli'obl¢ Grai)Is arc r¢cogJiised ivlieii Ilie cliarity lias an ¢iitiileiiieni to Ilie funds aiid any ¢onditioiis lii)ked to the grai)Is havc bc¢n mcl. Ivhcre perfomiirtcL conditions re illla¢hLd lo thL bTranl and re yol lo bc mcl. Ihc incomc is recognised as a liabilily ttiid ii)¢luded on il)e balance slieei us deferred in¢om¢ lo be released. Deferi'ed liieonoe Dcferred incon)e represenis amounts rec¢iv¢d for fulure periods and is released io incoming resources in ilie period for ivhich. li I$ bcen rcceived. Such in¢oiMe is only deferred wlict).. Tl)e dontsr speeifies tliut the grant or donatioii niusl oiily bc uscd in future oecouniing pcriod5: or Tlie donor lia5 irnposed coiidiiions wliiLII iiiusi b¢ met befoir the chllriiy118s unLondiiional eillitlement. Expenditure All exp¥ndiiiirc is rccog*nised onLC IhLrc is a Icbyal or coiisiiwclivc obli8aiion to Ilia¢ 0xp¢nditu, 1¢ is probable s¢iil¢ni¢n¢ is required and ihc amouilt ean be mcasurcd reliably. All eosts ar¢ 8llocalcd io the ipplicli ble exiy¢ii(liiurc Iieuding thol agBregaie siinilar ¢osts to thal Cic iegory. IVlier¢ ¢o$is ¢onnoi bc directly iltlribuicd io particular lieudi)S iliky Iiave been allocthied ¢)n a basi5 consisleiil witl) Ilic use ofresour¢¢s, willi cenlral 51dff eosis allo¢tsied on the basis of time spent. and deprc¢ialion cliarges allocsled on tlie portioil ofthe assel's use. Other support eosis arc allocaled based on Ilie spread of staff costs. Rol.¥liigfiiiids These lire eosis incurreil in allraclin¥ voliiniory ineome, Ihe manngemeni of invcsimenis and those in¢iir¢d in ITodins n¢iivili¢$ Il)01 roi5e fiinds. TnxRtlon Thl Lliariiy is considcr¢d io poss ihe ie51s set out in Par&gyraph I S¢hedule 6 of ihe Finance Act 2010 and iliir¢for¥' li rncLls ilie (ILfinilion of a cliarilublc con)puny for UK ¢orporutiLTrn lux purposc5. Accordinbly. tli ¢harily is potcntidlly cxlinpt from l.lx,'Ition in TL5PLLt of income or eipit11 &iins r¢¢civ¢d within LaiL'¥ories ¢tsVLT¢d by Cliiipl¢r I Part I l of the Corporttiion Tax Acl 2010 or S¢¢iiot) 256 of Ihc Tnxaiion of Chofgcable G4i115 Aci 1992, 10 Ili¢ exÈeni ihai su¢h income or 8oins are applied cxclusiv¢ly lo ¢SiJrilable purposes. Tanglble t]xtd a$$cts Individual fixcd us5e1$ co$(ing £IOO.00 or InoTC are iniiilllly rccorded c05t. Deprtclatlon and nmorilsfjilon D¢i)rc¢ii2tion is providcd on tan8ibl¢ fixed asscts so os to ivritE off thc c05t or valuation, Icss any estimai¢d residual vlllue, over their cxp¢ct¢d useful economic lifL os follows: Asset ¢1#$5 Land and buildings Dopreciation rn¢thod r4le 50h Strai8hi line bllsis Stoek Stock is iialued it thc lowcr of cost and LStini&tcd scllilig prico Ic55 costs lo complete ?nd scll, aftcr duc rcgilrd for obsoleie and slow moving 51ocks. Cost is deiem)in¢d usiiis ih¢ firs¢-in, firsi.oiii IFiroi. Pagcll
The Horitsge Group* Bellingham Notes to the Flnaneial Statements for the Year Ended 31 December 2024 TrAde debtors Trode debiors 4r¢ 4ihoiinls due from customers for m¢r¢handisc sold or services perfom)ed in the ordtnary coiirse ofbiisin¢ss. Trad¢ debrors arc rccogniscd initially ttt ilic trai15a¢tion pricc. They arc subsequently nieasured ut amortiscd cost sing (h¢ clTceiivc inlcrcst mcihod, less provision lor impainncnt. A provision IOT Ihg impuirnicnl of irnd¢ debior% is es¢abli%licd ivhen ihere is objeElii'e evidence ihai ilie cliariiy will n<>i be Jble io collect all amounts due a¢¥ording 10 thc original lenns of ihc reccivttblcs. CA5h and cash equlvaleuts Ca511 aiid cash cquiipalcnis comprise cllsh on hai?d and call dcposiis. aiid oiher sliort_tcrin highly liquid invcslinciits Iliat are rcadily coiiv¢rtibl¢ to a known ainouni of casli and ar¢ subjeci to an ill.%ignificant risk of ¢liangy¢ in value. Trnde credltors Tradc cr¢diloTS arc obligations 10 ptty for g(iods (Trr scrvices Iliai liai'L bLen acquircd in Ilic ordinary course of bu5ingss froni supplicrs. Accounts p&yabl¢ arc classified as currei?I liabili(ie5 if ihc ¢liarity d0¢5 nol havc an uncondilionol riglil, ot ilie cnd of Ilie rttptsrtln p¢riool. to dcfcr sciilcnicni of Ili¢ ¥Tcdilor for iii Icusl twelvc nionihs Jn¢r Ih¢ rcporting (late. Ir ilier¢ is an uncondilional righi lo defer setil¢in¢ni for ai leos1 I1ve monihs fter ilie rcponin&p iialc. Ilicy or¢ pr¢s¢ni¢d as nOn.¢uent liobililics. Tiude LTedilors are recogiiised iniiially jt ihe transaction price &nd subsequ¢nily measured al amonised cost using tlie L.ff¢cliv¢ inlLrcsi mLiliod. Borrowlngs Iiiiere.st.beariiig borrowings are initially recorded at fair v4lu¢. nei of iransoclion eosts. It)ier¢si-bearing borrowings are siibs¢qu¢nily Ciirricd ai amortised cosi, Iviih Il?c (lirrcrcnLc bLiivcen Il)¢ proe¢¢ds. n¢t of IrJnsoci101) costs, and Ilic aii)oiinl duc on rede1p11Qn bcing r¢cosi1i5cd as u cliargc to thc Si&iem¢n¢ of Financial Acliviiitrs over tl)e p¢riod ofihg rLlevant borrowing. Inlerest expcnsc is reeognis¢d on IlJe basis of thc cffedivc in¢crc5t rncihod and is incliidcd in inieresi Yble gild similor cliarges. Borroivings aTC classified as ¢urr¢nt liabiliiies unlcss Ihc charity has an unconditional right to dcfer scttlem¢nt of tlie liability for at least hvclve monilis after the reportin date. Fund $tructurc Uiiresiricied ineoine funds aT¢ general funds t11 are avail#ble for use at ihe iTUStees disere(ion ii) furthemnce of ie objceiives oftlie charily. Rcstrictcd incoii)c funds arc tlios¢ donatcd for usc in a partiCLklar arck ar for 5pccific purposes, the usc of ivhich Is re.%lri¢lcd ¢0 tliat area or purpose. Page 12
The Heritage Group? Bcllingham Notes to the Financial Stvdtements for the Year Ended 31 Deeember 2024 Penslons and other post retlremcnt obllgatlons T11e chthrily opergt¢S o dcfined eoniribvtion pension Scheme ivhich is o pension plan und¢r ivhicl) fixed eoniribLilions ttre paid inio a pension fiind and lh¢ cl)arily lias no lebial or Lonsinieiiire obligation to pJy further coniribiilioDS cvcn il Ilie fund dors nol liold S1Clcnl assets to puy all employecs Ilic bencfi15 relating io cinploycc scrvicc in the CenT and prior periods. Contribviions (o defined coniribuiion plan8 are recognised in the Siaiement of FinLn¢ial Aciiviiies wlien ihey are di1¢. Ifconiribution payments exceed lh¢ contribution duc for service, Ihc exccss is recognised ys a prepuymenl. 3 Income from donutlons And l¢g4cics Unrcstricted funds Generlll R¢$trltted ruiids Tottsl funds Donlliions and le&Jacies: Donation$ from iiidividuals Gifl aid rcelaimcd Gronis, in¢ludin¥ Lapiial granl5' GrJnts from otlici. ¢liaritlC8 13,700 (Tr,396 13,700 6.396 15.000 15,000 Totql for 2024 20.096 15,000 35.096 TolAI for 2023 56,578 10.830 67,408 4 Income from other tradlnE 4¢tlvltles Uiirestrletod funds CL*neral Total rund5 Shop Sales J Admissions Subs¢ripiion5 38.179 668 38.179 668 Total for 2024 38,847 38.847 Total for 2023 31.587 31.587 5 InYestm¢nt In¢om¢ UnrcstrRctcd funds General Total riinds Oil)¢r investmcnt incom¢ 1,195 1.195 Total for 2024 1.195 1,195 Total for 2023 1.460 1,460 PabTe 13
The Heritage Group? Belllngham Notes to the Financial Statements for the Year Ended 31 Deeember 2024 6 Staff costs The monilily average nLiinber of persons (including senior managemeni I ILodctship ietsrnl employed by Ihe charity during Ihc year ¢xpre5SLd as full time cquivol¢nlS was as folloivs.. 2b24 2023 Trustees Ejnployccs No eiiiploy¢e r¢c¢iv¢d cn)olumenis of mor¢ than £60.000 duriiig Ilie year. 7 Tuxatlon The cliarily Is Q TC8islercd chariiy and is Ihereforc cxcinpt fmm tsxfttion. 8 Tnnglble fixed assets Lnnd #nd To¢41 Cost At l January 2024 19,200 19,200 Ai 31 De¢ember 2024 19.200 Dtprtclutlon A¢ l Jaiiuary 2024 Cliarg¥ for Ilic ycar 960 960 9C?O 960 At J l Dcccinbcr 2024 1,920 1.920 Not book value At 31 December 2024 17,280 17.280 At 31 December 2023 18,240 18.240 9 Stock 2024 2023 Stocks 3.000 2,500 Page 14
The Heritage Group? Bcllinghthm Notes to the Financial Statements for the Year nded 31 December 2024 l(1 Debtor5 2024 2023 Other deblors 57.069 32,874 I Cash And ¢ash ¢quivalcnts 2024 2023 Cash on hand Cash at btsnk 120 16.216 138 34.356 16.336 34.494 12 Credltors: 4n)ounls fullSng due wltliln one year 2024 2023 Trnde crediiors Oth¢r ¢rcditOTS Acctwals 495 5,000 (IOD 48 1,617 1.665 6,095 13 P¢n51on and othor seli¢mc$ Defined con¢i'll?u¢lon penslon $eheme Thc clioi'iry operntes ts dctincd coiilribuiioi) pcnsion sclieme. Thc pension cost chargc for the year represcnis coniribJJlions pJyabl¢ by Il)¢ ¢lJarily to tli¢ scheint and onlounied ¢0 £9112023 . £Nil}. Pasc 15
The Heritage Croup? Bellingham Statement of Financial Activities bj, fund for the Year Ended 31 December 2024 Unrestricted Funds Tot#1 Totlll Unrestricted Unrt51rictcd Funds 2024 2023 In¢om¢ #nd no,mentS from: Doni1rions ond l¢g41¢1¢S Oil)er irdding aclivILle5 Iri¥¢sim¢nl incomc 20,096 38,847 1,195 56.578 31,587 1.4(?0 Toial incomc 60.138 89.025 Expendlturt on.. Raising funds Total cxpcndilure 151,964) 156,466) 151,964) 156.406) Net incoine Tronsfers b¢lw¢¢n funds 8,174 33,159 41.954 Net movemenl in funds 8.174 75.113 Recunclllallon of funds Total ful5 brou¥hi fonvard Toiol funds cotyied foNard 75.113 83.287 75.113 This paBe does noi forn) part ofilie slaluiory finincial siat¢ments. Pag¢ 16
The Heritage Croup? Bellingha Statement of Flnancial Activities bv fund for the Year Ended 31 December 2024 Restricted Funds Totnl Restricted Fund5 2024 Total Rc5tricted Fuiids 2023 Iiieome thnd Endom'menls from: Donaiions ond legacie5 Total income 15,000 10.830 15,000 10.830 Expendlture on: Raisinb fuiids 113.1671 16.9301 Toial expenditure 113.1671 16.9301 N¢1 income Tran5fcrs beiive¢n funds 1,833 3,900 3.000 Nel in0veinlI ii) funds 1.833 6,900 R¢¢on¢llllltlon of funds Toral fijnds brougl)t foTward Totul funds faLTied foard 6.900 8.733 6,900 Tliis page does not fom) part ofthc 51atulory financial statements. Page17
The Herit&ge Group* Bellingham Detailed Statement of Financial Activities for the Year Ended 31 December 2024 Tot#1 2024 Totthl 2023 Appcal% and doiiations Gifl Aid lax reclaimed Grants other agencies 13.700 6.396 15.000 49.343 7.235 10,830 35,096 67.408 Oilier ffrfidliig arliiiilies Shop Salcs l Admissions Subs¢ripiion5 38.179 608 30.792 795 38.847 31.587 Incom¢ froin oihcr inveslmenls 1.195 1.460 1,195 1.460 Raisiii¥fiinds Opcning 8lL)ck Purcliascs Closinu7 stock Wog¢s and salaries Stuff pcnsion$ (Delin¢d ¢oiitributionl p¢i?yion sclicmc Subconiraci ¢o$i Siafl. Iraiiiiiig Volunto¢r ¢xpen5CS R¢tht Jnd rdtC5 Lighi. Iieat and i)ow¢r Insurance Rcpairs and Inuinicnanc¢ Rcpaii'5 ond IaintenanCe Exliibtlions Telephone and fax Coinpiiter softivttr¢ and maintcnance cosi$ Priniinu. positsg)¢ and siotionery Trade subscriptions Sundry cxpenscs Advcrtising Accouniancy fe¢s Legal and profcssional fees Oiher inicr¢sl payable Deprecldlion of freehold property {2.5(K)I 112.7141 3.000 114,?821 {911 111,9291 2.500 {13,9871 (1.5001 1533) 16.6771 12,863) 11.6051 (8041 113,9261 16,1261 (7631 {1,1751 (9641 3471 16961 12671 {9,431 } (3,0551 (1,7011 113.1671 (1.7041 1891) 16101 1984) 1153) {167} 184?} 11.308) 12,542) 14} 1960) 194S) 1720) 1721 19601 This Pfjige does not fonn part of ihe statutory financial s(Aten)enlS. Pagc 18
The Heritage Groupg Bellingham Detailed Statement of Financial Activities for the Year Ended 31 Deeember 2024 Total 2024 Total 2023 165.131) 163.3961 Ti'aii.Yf<Jis 1?LJiiil)1ifiI1irfs Funds - Trun5fer fron) dnoiher fund Funds- Transfer from anolher fund 3.000 41.9S4 44.954 This page does not forn? part oftlie staiuiory financial stat¢m¢nlS. Page 19