2023-01-31-accounts

H￿￿TAGE (>IARITY LONDON amiity No. 1194163 Company No. 12387026 Trustee¥ Pport and Unaudited Aax>unts 31 thnuary 2023 illiiiiiiiii "ACFBPLVI4• 3111012023 COMPANIES HOUSE A10 184 1

HEFOTAGECHAFIITY LONDON Contents Trusiees, Annual Peport 2to3 Independent Examiner's Reporl 4t04 &alemeni ol finanual Actiwlies 5105 mmary Income and ￿endItuTe Aco)uni Balance ￿e81 6106 7107 gatement ol Cash Ilows 8t08 Notes to Ihe Accounts 91016 Detailed Satement ol Finanual ActivitÉes 171018 Page 1

HEFOTAGE CIAFMfi LONDON Trustees Annual Report The trustees, who are also directois ol the ¢harity for the purposes ol the Gimpanies Act 2006, presenl their report with Ihe unaudited financial #atements ol the tharity for Ihe year ended 31 nuary 2023. R￿EREN￿All0 ADM INisfRATIVE o￿AlLs mpony No. 12387026 arlly frlo. 1194163 Prln¢lpal Ottl( Unil F 37 ￿1￿Celet &reei London E15LP glstered Oflice Unil F 37 Princelet greet London E15LP DireLlors and Trustees The Directors of Ihe charltable ￿MpanY are lis Trustees for Ihe purpos of tharily law. The lolloyrfing Directors and Trusiees sewved during the year.. F. Diarra F. MARAN QK. SNGH Accountants AFAccountanls Unil F 37 Princelet Sreel London E1 SLP OWIV&AND ACllVITI The purpose ol Ihe ¢haiily as set oul in its governing d0￿ment as wpports the education of children and young adults in need in the UK and in India. The Truees are re4)ongble lor keeping proper accounting recor¢Js that dix10￿ with ieaxjnable a(turacy at any time the financial pogtion of the charily and to enable Ihem lo ensure that the linanual stalemenls comply wilh Ihe thmpanies Act 2006. The Trustees are als) re4)onsble for safeguarding the asseis ol the charity and hence taking reasonable aeps lor Ihe prevention and detection of fraud and other Irregularities. Page 2

H￿lTAGE C*IAFUTY LONDON Trustees Annual Rttport The above report has been prepared in accordance with the provi90ns applicable to companies subject to the small companies fegime as sel out in Part 15 01 the Companies Acl 2006 and in accordance with the tharilies ￿)FP IFF6 1021. Sgned on bethalf ol the board GK SNG Trustee 23 Cktober 2023 Page 3

HEIUTAGE CHARITY LONDON Independent Examlners Rep¢rl Independent Examiner's Report 1¢ the trusle•$of HSITAGE CIARITY LONDON l ieporl lo Ihe charity trustees on my examination ol the financial slalements ol H￿(ITAGE(>1ARlTy LONEQN lor the year ended 31 thnuary 2023. Responslblllll•$and basls of report Aslhe charity's trusleesol the company land J9) ilsdireclor5 lor the purposes ol company lawl you are responsible lor the pfeparalion of the financiJ aiements in a￿ordan￿ with the requirements ol'lhe C£mpanies Acl 20061.lhe 2006 Act. Having satislied myself that the linanrial stalements of the tharity are not requifed lo be audited under Parl 16 01 Ihe 2006 Act and are eligible for independent examinalion, I report in re8)ect ol my examination of your charity's financial statements as carried oul under section 145 ol Ihe Carities Acl 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the tharily Cornmisson under section 145151 Ibl of the 2011 Aci. Independent examlner's #atemenl I have o)mpleted my examinalion. I can ￿)nfIrM that no rnater1￿ matters have wme lo my allention in connection with the examinalion giving me Cau￿ lo believe= accounling records were nol kept in actordance wilh secion 386 of the 2006 Act '. or the finanaal slalemenls do not aco)rd with lho￿ records or the finanoal staiements do not wmply with the actxjunling requiremenls under section 396 of the 2006 Act Olher than any requirement Ihai the linanuJ statements 9ve a'true and fair, view which 15 not a matier considered as part ol an independenl examinalion- of the financial statements have noi been prepared in a¢￿(dance wilh the melhods an(J prinLaples of the galemenl ol FixJm mended Practice lor a{￿untIng and reporting by charitie5 applicable to charities prepaiing their aixounts in aco)rdance with Ihe ￿nan0a1 Peporting gandard applicable in the UKand Republic ol Ireland IFF6 1021. I have no concerns and have ¢x)me auoss no other matlers in connection with the examination to which allention should be drawn in this reporl in order lo enable a proper understanding of the financial statements lo be reathed. ed Ahbab Hussain FcfA AFAccounlants Unil F 37 Ftincelèi Sièei London EI 5LP 23 O¢lober 2023 PaF4

HERITAGE CIARITY LONDON gaiement ol Finan¢i•l Adivilie$ lor th• year ended 31 &nuary 2023 Unreslrided funds 5trided fund$ T¢to1 lunds Total funds 2023 2023 2022 2023 Moles Inry>me and endowment¥ from: t)onations and lega¢ies Other 51.561 77,222 41.675 93,236 77,222 22,323 14.991 Total 128.783 41,675 170.458 37.314 Expendllure on: I￿ng funds (haritable activities 19.$64 10.844 96.485 19.564 50.930 96.485 3.155 24.147 8.336 40.086 Other Total 126,893 40,086 166,979 35,638 Net gains on investments Net In￿me 1,890 1,589 3.479 1,676 Transfers between lunds Net inc4Jme betore other 1.890 1.589 3.479 1,676 Inw {lo&e* Other 9gln$and low$ Nel rnovement in fund$ 1,890 1,589 3.479 1.676 Reconciliation of funds: Tolal funds brought forward 144.5391 2,021 142.5181 144,1951 Total lunds ￿rried forward 142.6491 3.610 139,0391 142,5191 Page S

HEIITAGE(XARITY LONDON mmary Inrnmg and Expendilure A(wurtl for tho year ended 31 thnuary 2023 2023 2022 Income 170.458 37.314 Gr0>9 1ft￿me for Ihe ye¥r 170.458 37,314 Eypenditure 166,979 34,884 Tot•1 expèndilure for the yeaw Nel income before lax lor the year 166,979 34,884 3.479 2.430 Net income for the year 3,479 2,430 Page 6

HERITAGE(XAFIITY LONDON Balanc g)•el at 31 thnuary 2023 Comp•ny No. 12387026 Notes 2023 2022 rrent as¢s Cash at bank and in hand 24.920 24,920 9,938 9,938 Credit¢rg Amount falling due within one year Net ￿TTent a￿lS 113,9591 12,4571 10,961 7,481 Total a￿tS less current liabllltles 10,961 7,481 odltor$- Amounts falling due after more than one year Net li•bilitiesexduding penaon a58et or li•blllty 12 150,0001 139,0391 150,0001 142,5191 Total net Ilabilili¢$ 139.0391 142.5191 Th¢ lundsof the th•rity P*slrlded fund$ 13 Pestricled in￿rne funds 3,610 3.610 2.021 2.021 Unrestricled lunds General funds 142.6491 144.5401 142.6491 144,5401 R899rve$ 13 Total funds 139,0391 142.5191 These accounts have been prepared in accxjrdance with Ihe speo'al provigons ol Parl 15 01 the Companies Act 2006 relating to smal companie& Foi the year ended 31 thnuary 2023 Ihe LX)mpany was entitled lo exemption under seciion 477 01 Ihe Companies Act 2006 rdatin91o small o)mpanies. The members have not require(J the ￿)MpanY lo oblain an audil in accordance with wlion 476 01 the Companies Act 2006. The directors acknowledge their respongbililies lor o)mplying wilh the requirements ol the Companies Act 2006 wifh respect to accounting reo)rds and Ihe preparalion of a(￿UnIS Approved by the board on 23 Qtober 2023 And ggned on ilsbehall by.. CK SNGH Trustee 23 (ktober 2023. Page 7

HEAITAGECHAFMTY LONDON alement ol Cash Ilows forthe yearended 31 &nuary 2023 2023 2022 flow$ from ¢per•tiny adivities Net ini¥me per Sl•lemènt of financjal Adivilies 3.479 2,430 Adjuslment$ for- Dividends. inleresl and renls from investments Increw in trade and other payables 177.2221 11,503 114,9911 1,222 Net C4th used In operating adivilies 162,2401 111,3391 Grysh Ilowsfrom investin9 •dlvitie$ Dividends. inteiest and rents Irom inve&ments 77.222 14,991 Net Irom inv¢sling a¢livltl•s 77.222 14.991 Net ¢ath Irom flnandng acllvities Net Intyeasg In and ￿sh equivalent$ 14.982 3.652 Cath 8nd ¢a* equlvalentsat the beginnlng of the ye•r 9.938 6.285 Cash and equivalentsat the end of the ye4r 24.920 9.937 C￿1pOnent$0f and ¢4th equlv4lent$ Cash and bank balances 24.920 9.938 24.920 9.938 Page 8

HEFMTAGECIAl￿1 LONDON Not?sto Ihe A￿ount5 lor the year ended 31 thnuary 2023 Ac$ot preparatlon The financial statements have been prepwed in aC￿rdan￿ with Acwunting and Reporting by Charities.. Satemenl ol Pecommended Pra¢lice appli¢xble to charilies preparing Iheir accounts in accL)rdan¢e with the Financial Fporling gandard applicable in the UK and Fkpublic ol Ireland IFF6 1021 lellective 1 nuary 20151- I￿￿1t¢eS ￿FPIFFs 10211. the ￿nancIal Sporting &andard ap￿1¢able in the UK and Pepublic ol Ireland IFF61021 and the G)mpanies Acl 2006. (ange in basisol actounting or to previousacwunls There has beeft no change to Ihe a¢zounting poliues IvJuation rules and method ol acts)unlingl &nce last year and no thaftges have been made to w)unis foi previous years. Fund ar￿untIng Unreslrideo funds are availafje lof use at Ihe dixretion ot the trustees in furtherance ol the gener￿ obiectsol the charity. These are unrestricted funds earmarked by the Iruslees lor particular purposes. These are unreslricted funds which include a revaluation reserve representin9 the restatement ol in¥e51ment assels al their markel values. De&gnated funds Pèvalualion lunds Pesliicted funds These are availatye lof use wbie¢i to restriction$ imposed by the donor or through termsol an apped. In￿me Pecognition of income Income is ineluded in the &atemenl ol financial Activilies l&)FAI when Ihe charity becomesentitled 10, and wrlually eertwn to reeeive. the income and the amount ol Ihe income can be Mea￿le￿ with gwlliuent reliabilily. Income with related Where income has related expenditure the income and related expenditure is expenditur9 reporled gro&s in the S)FA. Donations and legacie5 Volunlary income recwved by way ol grant4 donations and gilts is induded in Ihe the SJFA when receivable and only when the tharity has uncondilional entillemenl lo the income. Tax redaims on In￿me from tax reclaims is induded in the &JFA al the same lime as the donations and gills giflldonalion io whid) il relaie& Donated services The¢p. are only include¢J in income (with an oquivalenl amount in expendilurel and laalities where the benelil to Ihe Charity is reasonably quantifiable. measurable and malerid. Volunteer help The value of any volunteer help received is not included in Ihe atsxjunls. Invest ment income This is induded in the accounts when receivable. iiisJIIL)S¥e51 on Thls indudes any or IL)ss re9Jlting from revaluing Investments lo fflarkel value revalualion ol fixed ai Ihe en(J of Ihe year. assets Gainsj I105sesl on Investment awls This indudesany gwn 01 loss on Ihe sJe of investrnenls. Page 9

HERITAGECHAFIITY LONDOM Mole¥to the Ac(x)unt$ Exp•ndltur• Fognilion of expenditure Expenditure is recogni5ed an ac£rU￿S bass. Expendilure indudesany VA Twhich cannot be lully re￿vered, and is reported as parl of Ihe expendilure 10 which il relates. EKpendilure on These comprise the c£Jsrs a￿uat&￿ with allratxing volL4ntary irt￿Me, fundrai&ng raiwng funds trading costs and Inveslmenl management costs. Expendtture on These comprise the u)sIs1n￿rred by Ihe Cxarily in the deliveiy of ils activitie5 and chari1able activities servicesin the turtherance ol its objects. induoing the making ol granlsand vernance coas. Grants payable All granl expenditure is aco)unted lor on an aciual pad bags plus an accrual lor grantsthai have been approved by Ihe iru&ee$ al the end ol the yeaf but not yel G)vernance costs These indude tho coas awjcialed with meeling the conitutional and statutory requiiements of Ihe tharily. including any audillindependeni examination leÈ& cosis linked to the slrategic management of the tharily. together with a share ol other administration her expendilure The are 9JPPOrt cx)as nol ¥located io a particular adivity. Taxation The charity isexempl from (￿[PoratIon tax on itscharilable adivilie& Trade and other deblors Trade and other debtors are recognised at the settlement amount due after any trJe cJiounl offered. Fepayrnenls are valued at Ihe amounl prep￿0 nei ol any traje dI￿unIS due. Cash and c4th equivalents Cash and cash equivalents comprise cath at bank and on hand. demand dep091S With banks and olher short-term highly liquid investments with original maturities ol t hree months or less ano bank overdrafts. In the 5Iatement ol finanoal poytion, bank oveidrafls are shown within borrowings or fxjrrent liabilities. In the gaiemenl ol Cash Rows, cash and cash equivalents are shown nei ol bank overt1raltS Ihal are repayable on demand an¢Y form an Integr￿ part ol the fX)mpany'scash managemenl. Trade and Oiher ¢redllors Slorl term ugdilors are meawreo al the Iranwtion pri￿. Cxher ¢yedilors and provigons are recogni5ed where the iarily has a present obligalion regjlling from a pa event Ihat will probably result in thè transfer ol lunds to a Ihir(I parly and the amounl due lo settle the obli9ation can be meagjred or esiimated reliably. Qeditors and provigons are normJly recO￿l￿d at their selllemenl amount alter allowing for any tra(Je dis£ountsdue. Psearth and development Expenditure on research and development is written oll in the year in which it is incJJrred. Page10

HERITAGE¢>IAFIITY LONDON Notesto the A1x￿nIS Penson costs The charity operates a defined ￿ntrIbutiOn plan tor ils employee& A defined o)nlribution plan is a pengon plan under whi¢h the company pays fixed conlributions Into a Separate enlily. Cknce the conlribulions have been pad the o)rnpany has no further payments obligation& The ￿ntrIbUtIonS are recognised as expenseswhen Ihey fall due. Amounis noi paid are shown in aoyuals in the balance theet. The a&seis of the plan are heltl separalely trom the (x)mpany in independently administered funds. Re￿Ipl ol donated goods fadlitiesand r¥i￿S All donated good& lailities and ServI￿S re￿IVed are recognised wilhin ino)ming resour￿$ and expendilure ai an estifflate ol the value to the charity. 2 Company stalus The company is a private company limited by guarantee and cxjnwuently ¢Joes not have thare capilJ. 3 gatement of Rnandal Adi¥ities- prlor year Unreari(Xed Pslri(aeil funds funds Tolal.fund$ 2022 2022 2022 Incvme ènd endowments Irom: Oonations and lega¢ies Other 22.323 12.970 22.323 14,991 2.021 Tolal 35.293 2.021 37.314 Expendlture on: Rai'sing lund5 a)aritable activilies 3.155 24.147 3.155 24.147 7.582 Other 7.582 Total 34.884 34,884 N•1 ineom• 409 2.021 2,430 Net In￿Me befor oth•r 409 gaingj {loss) 2.021 2,430 Other pin$8nd loss Net movement in funds 409 2,021 2.430 Pconciliation of funds- Toial funds brought forward 144.1951 144.1951 Total lundsearried forward 143.7861 2.021 141,7651 Page11

HERITAGECHAAITY LONDON Nolesto Ihe A￿￿nI 4 In￿me from donations and legad¢$ UnrestriLXed F&ricaed Total Tolal 2023 2022 51.561 51,561 41,675 41.675 93,236 93,236 22,323 22.323 Donated good4 fadlltles and servkY$re¢¢ived T¢t81 2023 Totol . 2022 Donations received 1 93,236 93,236 22,323 22,323 5 Olher income Unrerided Total Total 2023 2022 lfjckstart Grant 46.444 46.444 10,500 7.152 13,126 77.222 14,991 d(slart *heme Setup Cosi HM KVAT Fèfund G'fl Aid 10,500 7.152 13,126 77.222 14.991 6 Expendilure on ralslng funds Unreslricted Total Total 2023 2022 QJst5 01 generalin9 Yolunlary In￿Me 19,564 19,564 19.564 3.155 19,564 3,155 7 Expenditure on tharilable activltles Unre51rided Péstrlcted Total Total 2023 2022 penditure on charilable aclivities 10.844 40.086 50.930 24,147 vernance costs 10.844 40,086 50.930 24,147 Page 12

H￿TAGE{¥lAF1Ty iONDOM Nole$io ihe A¢¢ount$ 8 An3ly$$of grant$ A¢tlvlly or programme Total .. Total 2023 2022 Alter &hool Qubs 24,147 24.147 pport st$ Adivily or progr$mme Total 2023 2022 Alter gth00l aubs 50.930 50,930 50,930 24,147 24.147 50,930 9 Other expendilure UnreslrSded Total Total 2023 2022 Q)rporation lax chargellcredill 754 Employee costs M otor and Iravel ts)sts 65.000 2.641 65.000 2.809 2.641 Premises costs 3.470 3.470 neral administrative eo*s 15.761 15,761 9,613 4.293 480 Legal and prolesgonal costs 9.613 96.485 96,485 8,336 10 &off 2023 2022 laries and wages 65,000 65.000 2,809 2,809 Nv employee reeelved emolumenls in excess ot £60.000. The average monthly nufflber of lull time equiv￿enl employees during Ihe year wasas follows.. 2023 . 2022 Number Number Fund Paisng Page 13

HEFYTAGE C>IAFITY LONDON Molesto thè Accounts 11 Credltors: amounts falling due within one year 2023 2022 Trade uedilors Corporalion lax Other taxes and social security Loanslrom Iftjsioes Other creditois Accruals 1,020 754 193 480 754 59 11.978 14 1,163 13,959 2,457 12 Credilors: amounis lalling due alter more th￿ one year 2023 2022 8ank loans and overdralls 50,OOLI 50.000 50,000 so.000 Liabilities repayable in more than five years alier the balance sheer dale Amount lepayable by hnaalmenls 50,000 50.000 Page 14

HERITAGECHAF#TY LONDON Notesto the Acmunts 13 M ovement In lund$ In￿mIng re9)ur￿$ 31 &nuary 2023 {induding olher F)ur¢¢$ At1 expended February galn 10sg•S 2022 strided funds P•siricled In￿Me funds East End Community Foundation g)ort England Heathrow thmmunily Trust g)ortesJ Foundation oundwork UK 2.021 18.5211 14,8001 12,3751 15001 110,0001 12,0001 17.0001 4.800 2.375 500 10.000 2.000 7.1)00 Camden &ving Edward Harvi Trust The Kensinglon and Chelsea Foundation 1000 4500 2000 iooo The Gro￿r5￿allIY Freshwalef Foundation Arnold aark 13.8901 610 2000 11,0001 Total 2.021 41.675 140,0861 3,610 Unrestri￿ed funds General funds 144.539} 128.783 1126,8931 142,6491 Tolal fund¥ 142.5181 170,458 1166,9791 139,0391 Fbrposes and restrictions in relalion to the lunds.. Pestricled funds.. East End Community Foundation ent on equipmenl and books lor running aller %hool dub& orl England ent on equipmeni and books lor running alter ￿h0o1 dubs. Heathrow Community Tru enl on equipment and books for running alier 9001 clubs. jorted Foundation ent on equipment and books for running aller xool clubs. ent on equipment and books for running alter hool ¢lub& ent on equipment and books tor running alier ￿h0o1 dLbbs gwil on equipment and books lor running after %hool dubs &oundwork UK C4mden G'virig Edward Harvist Trust The Kensnglon and Chelsea Foundation enl on equipmenl and books lor running after hool dubs. eni on equipmenl and books lor running alter school dubs. 8)ent on equipmenl and books lor running aller thool dubs. ent on equipment an(J books for running alter *hool clubs. The (>ocers (tharily ethwarer Foundaiion Arnold aark Page15

HERITAGE CIAAITY LONDON Notes to Ihe A¢count$ 14 Analysisol nel astsbetweeth lund$ Llnrp#rlcted funds Pslrided Tolal lunds "Nel Ojrrent assets 7.351 3,610 10.961 Cleditors due in more than one year and provigons 150.0001 150.0001 142.6491 3,610 139,0391 15 Recon(yliation of net debt At1 At31 February 2022 nuary 2023 (ath Ilow$ Cosh and cash equivalents 9.938 9.938 14,982 14.982 24,920 24,920 Bank loans 150,0001 Iso.0001 150,0001 150,0001 Nèl debt 140,0621 14,982 125.0801 16 Flated party dixlowre$ ntrolliTng party The company is limiled by guaraniee and has no shale CapIt￿- thus no 9ngle party controls Ihe c£smpany. Page 16

H￿thTAGE CHAFHTY LONDOM Delailed gatemenl of Hnan(yal Adi¥ill•s for the year ended 31 thnuary 2023 Unrestricte F*rlLled d lunds 2023 lund$ Total lund$ 2023 Tolal funds 2023 2022 I￿￿)me ond endowmeni$ from: Donations and legacies 51,561 51,561 41.675 41.675 93,236 93,236 22,323 22.323 Oiher ckstart Grant 46,444 10.500 7.152 13.126 77.222 46,444 10,500 7,152 13,126 77.222 14,991 lfjckstart &heme &lup Co HMFCVAT Refund Gilt Aid 14,991 Total in￿ffle and endowments 128.783 41,675 170.458 37.314 Expenditure on: Césts of geneialing donalions legacies 19,564 19,564 19,564 19,564 3,155 3,155 Total ol expenditure on ¥al4ng funds 19,564 19.564 3,155 I￿arIlable activities 10,844 10,844 40.086 40.086 50,930 50,930 24.147 24.147 Total ol expenditure on charitable Jclivlties 10.844 40.086 50.930 24.147 Other expenditure Corporalion lax ¢hargellcreditl 754 754 Employee costs lar1e￿Wa9&S 65,000 65.000 6S,000 65,000 2.809 2.809 Motor and travel costs Vehides. General costs 597 597 Travel and wbgenc9 2,044 2,641 2,641 PTemisescosts Pent 3.470 3.470 3,470 3,470 neral adminislralive cos1& induding depreeiaiion and amorlisation Page 17

HERITAGE C•IAAITY LONOON Dètailed Staiemenl ol Fln?nri•l Activilies uipment rep&rs an¢J maintenance 1.204 1.204 General In￿ranCe$ Postage and COLJriers gjllware. IT gJpporl and related coas 197 197 148 2.360 2.360 9alionery and printing &1b￿riPtIonS 4.410 7.442 15,761 4,410 7.442 1 5,761 4,293 4.293 Legal and Proleon￿ o)sts Accountancy and bookkeeping QJngJltancy fees hef legal and professon costs 1.200 7.121 1.200 7.121 480 1.292 1.292 9.613 9,613 480 Total of expenditure ol other cosls 96,485 96,485 8.336 Total expendilure 126,893 40.086 166,979 35,638 Met gains on investments Net income 1,890 1.589 3.479 1.676 Net inc•me before other 1,890 3.479 1.676 9JinpJ (los 1,589 her Gains Net movemenl In lund$ 1.890 1.589 3.479 1,676 Péconebllatlon of fund&. Total funds brought forward 144.5391 2.021 {42.S181 144,1951 Total fund$>rried forward 142.6491 3.610 139,0391 142,5191 Pdge 18