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2024-01-31-accounts

HERITAGE CHARITY LONDON

Charity No. 1194163 Company No. 12387026

Trustees' Report and Unaudited Accounts

31 January 2024

HERITAGE CHARITY LONDON

Contents Pages
Trustees’ Annual report 2 to 3
Independent Examiner’s Report 4 to 4
Statement of Financial Activities 5 to 5
Summary Income and Expenditure Account 6 to 6
Balance Sheet 7 to 7
Statement of Cash flows 8 to 8
Notes to Accounts 9 to 15
Detailed Statement of Financial Activities 16 to 16

Page 1

HERITAGE CHARITY LONDON

Trustees' Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 January 2024

Reference and Administrative details Company No. 12387026 Charity No. 1194163

Principal Office

Unit F 37 Princelet Street London E1 5LP

Registered Office

Unit F 37 Princelet Street London E1 5LP

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

F. Diarra (Trustee) F. Marjan (Chair) C.K. Singh (Trustee)

Accountants

Kaizen Finance 4 Terrace Road London E13 0PB

Objectives and activities

The purpose of the charity as set out in its governing document as supports the education of children and young adults in need in the UK and in India.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 2

HERITAGE CHARITY LONDON

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

CK Singh Trustee

21 October 2024

Page 3

HERITAGE CHARITY LONDON

Independent Examiner’s Report

Independent Examiner's Report to the trustees of HERITAGE CHARITY LONDON

I report to the charity trustees on my examination of the financial statements of HERITAGE CHARITY LONDON for the year ended 31 January 2024

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent pendent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charities Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination, with the limited record provided. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Z Mao FCCA Kaizen Finance 4 Terrace Road London E13 0PB

Page 4

HERITAGE CHARITY LONDON

Statement of Financial Activities

for the year ended 31 January 2024

Notes
Income and endowments from
Donations and legacies
4
Other
5
Total
Expenditure on:
Raising funds
6
Charitable Activities
7
Other
9
Total
Net gains on investments
Net income
Transfer between funds
Net income before other gains /
(losses)
Other gains and losses
Net movement in funds
Reconciliations of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2024
£
40,068
7,403
47,471
3,610
-
37,299
40,909
6,562
6,562
6,562
(42,649)
(36,087)		 Restricted
funds
2024
£
55,067
55,067
58,677
58,677
(3,610)
(3,610)
(3,610)
3,610
-		 Total funds
2024
£
95,135
7,403
102,538
3,610
58,677
37,299
99,586
2,952
2,952
2,952
(39,039)
(36,087)		 Total funds
2023
£
93,236
77,222
170,458
19,564
50,930
96,485
166,979
3,479
3,479
3,479
(42,518)
(39,039)

Page 5

HERITAGE CHARITY LONDON

Summary Income and Expenditure Account for the year ended 31 January 2024

Income
Gross income for the year
Expenditure
Total expenditure for the year
Net income before tax for the year
Net income for the year		 2024
£
102,538
102,538
99,586
99,586
2,952
2,952		 2023
£
170,458
170,458
166,979
166,979
3,479
3,479

Page 6

HERITAGE CHARITY LONDON

Balance Sheet as at 31 January 2024

Company no. 12387026
Notes
Current assets
Cash at bank and in hand
Creditors:Amount falling due within one year
11
Net current assets
Total assets less current liabilities
12
Creditors:Amounts failling due after more than one year
Net liabilities excluding pension asset or liability
Total net liabilities
The funds of the charity
Restricted funds
13
Restricted income funds
Unrestricted funds
General funds
13
Reserves
13
Total funds		 2024
£
27,873
27,873
(13,960)
13,914
13,914
(50,000)
(36,086)
(36,086)
-
-
(36,087)
(36,087)
(36,087)		 2023
£
24,920
24,920
(13,959)
10,961
10,961
(50,000)
(39,039)
(39,039)
3,610
3,610
(42,649)
(42,649)
(39,039)

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 21 October 2024

C K Singh Trustee

Page 7

HERITAGE CHARITY LONDON

Statement of Cash flows

for the year ended 31 January 2024

Cash flow from operating activities
Net income per Statement of Financial Activities
Adjustments for :
Dividends, interest and rents from investments
Increase in trade and other payables
Net cash used in operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from investiing activities
Net cash from financing acitivities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2024
£
2,952
(7,403)
1
(4,450)
7,403
7,403
2,953
24,920
27,873
27,873
27,873		 2023
£
3,479
(77,222)
11,502
(62,241)
77,222
77,222
14,982
9,938
24,920
24,920
24,920

Page 8

HERITAGE CHARITY LONDON

Notes to the accounts for the year ended 31 January 2024

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of
the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes.
Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of
investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an
Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled
income to, and virtually certain to receive, the income and the amount of the income can be measured with
sufficient reliability.
Income with Where income has related expenditure the income and related expenditure is reported gross in the
related SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the the SoFA when
legacies receivable and only when the Charitiy has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFAat the same time as the gift / donation to which it
donations and relates.
Donated services These are only included in income (with an equivalent amount in expenditure) where the benefit to
and facilities the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts.
Investment This is included in the accounts when receivable.
Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value at the end of the
revaluation of year
Gains/ (losses) on This includes any gain or loss on the sale of investments.
investment assets
Expenditure
Expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully
Recognition of recovered, and is reported as part of the expenditure to which it relates.

Page 9

HERITAGE CHARITY LONDON

Expenditure on These comprise the costs associated with attracting voluntary income, fundraising trading costs and raising funds investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and services in the charitable furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Olarity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources.and expenditure at an estimate of

2 Company Status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 10

HERITAGE CHARITY LONDON

3

Donations and legacies
Other
Total
Raising funds
Charitiable Activities
Other
Total
Net income before other gains / (losses)
Other gains and losses
Net movement in funds
Reconcilaitions of funds:
Total funds brought forward
Total funds carried forward
Net income
Income and endowments from
Expenditure on:
Statement of Financial acitivites - prior year		 Unrestricte
d funds
2023
£
51,561
77,222
128,783
19,564
10,844
96,485
126,893
1,890
1,890
1,890
(44,539)
(42,649)		 Restricted
funds
2023
£
41,675
41,675
40,086
40,086
1,589
1,589
1,589
2,021
3,610		 Total funds
2023
£
93,236
77,222
170,458
19,564
50,930
96,485
166,979
3,479
3,479
3,479
(42,518)
(39,039)

Page 11

HERITAGE CHARITY LONDON

Notes to the accounts

4
Income from donations and legacies
Donated goods, facilities and services received
Donations received
5
Other income
Kickstart Grant
Kickstart &:heme Setup Cost
HM RC VAT Refund
Gift Aid
6
Expenditure on raising funds
Costs of generating voluntary
income
7
Expenditure on charitable
activities
Expenditure on charitable
activities
8
Analysis of grants
Activity or programme
After School Clubs
Activity or programme
After School Clubs
for the year ended 31 January 2024		 Unrestricted
2024
£
40,068
40,068
Unrestricted
£
-
-		 Restricted
2024
£
55,067
55,067
Unrestricted
2024
£
5,403
2,000
7,403
Unrestricted
2,024.00
£
3,610
3,610.00
Restricted
£
58,677
-
-
Support costs
2024
£
58,677
58,677		 Total
2024
£
95,135
95,135
Total
2024
£
95,135		 Total
2023
£
93,236
93,236
Total
2023
£
93,236
95,135 93,236
Total
2024
£
-
-
5,403
2,000
7,403
Total
2,024.00
£
3,610
3,610.00
Total
2024
£
58,677
-
-
Total
2024
£
-
-
Total
2024
£
58,677
58,677		 Total
2023
£
46,444
10,500
7,152
13,126
77,222
Total
2,023.00
£
19,564
19,564.00
Total
2023
£
50,930
-
Total
2023
£
-
-
Total
2023
£
50,930
50,930

Page 12

HERITAGE CHARITY LONDON

9
Other expenditure
Corporation tax charge / (credit)
Employee costs
Motor and travel costs
Premises costs
General administrative costs
Legal and professional costs
10
Staff costs
Salaries and wages
The average monthly number of full time equivalent employees during the year wa
Support staff
11
Creditors:
amounts falling due within one year
Trade creditors
Corporation tax
Other taxes and social security
Loans from trustees
Other creditors
Accruals
12
Creditors:
amounts falling due after more
than one year
Bank loans and overdrafts
Liabilities repayable in more than five years after the balance sheet date
Amount repayable by instalments
No employee received emoluments in excess ot £60,000.		 Unrestricted
2024
£
-
33,544
738
-
1,769
1,248
37,299
s as follows:		 Total
2024
£
-
33,544
738
-
1,769
1,248
37,299
2024
33,544
33,544
2024
Number
2
2
2024
£
-
-
237
11,978
1,745
13,960
2,024
£
50,000
50,000
-
-		 Total
2023
£
-
65,000
2,641
3,470
15,761
9,613
96,485
2023
65,000
65,000
2023
Number
10
10
2023
£
1,020
754
193
11,978
14
13,959
2,023
£
50,000
50,000
-

Page 13

HERITAGE CHARITY LONDON

13 Movement in funds

Restricted funds
Restricted income funds:
The Kensington and Chelsea
Foundation
The Grocers Charity
Freshwater Foundation
Benley
Casey Trust
GLA Build Stronger
Happy Days Child
Heathrow Community
Investec
LB EALING COUNCIL
Newcomen Collett
Southwark Council
Sports England
Tesco
TfL
The Portal Trust
Westinster CC
Total
Unrestricted funds
General funds
Total funds		 At 1
February
2023
1,000
610
2,000
3,610
(42,649)
(39,039)		 Incoming
resources
(including other
gains / loss)
£
500
1,500
6,000
1,263
125
6,000
1,000
1,500
6,570
9,110
6,625
8,000
5,024
1,850
55,067
47,471
102,538		 Resources
expended
£
(1,000)
(610)
(2,000)
(500)
(1,500)
(6,000)
(1,263)
(125)
(6,000)
(1,000)
(1,500)
(6,570)
(9,110)
(6,625)
(8,000)
(5,024)
(1,850)
(58,677)
(40,909)
(99,586)		 At 31
Jauary 2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(36,087)
(36,087)

Purposes and restrictions in relation to the funds:

Restricted funds:

The Kensington and Chelsea Spent on equipment and books for running after school clubs. Foundation The Grocers Charity Spent on equipment and books for running after school clubs. Freshwater Foundation Spent on equipment and books for running after school clubs. Bentley Spent on equipment and books for running after school clubs. Casey Trust Spent on equipment and books for running after school clubs. GLA Build Stronger Spent on equipment and books for running after school clubs. Happy Days Child Spent on equipment and books for running after school clubs. Heathrow Community Spent on equipment and books for running after school clubs. Investec Spent on equipment and books for running after school clubs. LB Ealing Council Spent on equipment and books for running after school clubs. Newcomen Collett Foundation Spent on equipment and books for running after school clubs. Southwark Council Spent on equipment and books for running after school clubs. Sports England Spent on equipment and books for running after school clubs. Tesco Spent on equipment and books for running after school clubs. TFL Spent on equipment and books for running after school clubs. The Portal Trust Spent on equipment and books for running after school clubs. Westminster City Council Spent on equipment and books for running after school clubs.

Page 14

HERITAGE CHARITY LONDON

14
Analysis of net assets between
funds
Net current assets
Creditors due in more than one year and provisions
15
Reconciliaton of net debt
Cash and cash equivalents
Bank loans
Net debt		 Unrestricted
Funds
£
13,914
(50,000)
(36,086)
At 1 February
2023
£
24,920
24,920
(50,000)
(50,000)
(25,080)		 Restricted
Funds
£
-
-
Cash flows
£
2,953
2,953
-
2,953		 Total
£
13,914
(50,000)
(36,086)
At 31
January
2024
£
27,873
27,873
(50,000)
(50,000)
(22,127)

16 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 15

HERITAGE CHARITY LONDON

Detailed Statement of Financial Activities

for the year ended 31 January 2024

Other
Kickstart Grant
Kickstart Scheme
HMRC VAT
Refund
Gift Aid
Corporation tax charge / (credit)
Salaries and
wages
Vehicles - general costs
Travel and subsistence
Rent
Subscriptions
Legal and professional costs
Accountancy and bookkeeping
Consultancy fees
Other legal and professional costs
Charitable Activities
Total of expenditure on raising funds
Donations and legacies
Costs of generating donations and legacies
Expenditure on:
Total income and endowments
Income and endowments from
Other expenditure
Total of expenditure on charitable activities
Equipment repairs and maintenance
General insurances
Postage and couriers
Software, IT support and related costs
Stationary and printing
Employee costs
Motor and travel costs
Premises costs
General administrative costs, including depreciation
and amortisation		 Unrestricted
funds
2024
£
40,068
40,068
-
-
5,403
2,000
-
7,403
47,471
3,610
3,610
3,610
-
-
-
-
-
33,544
33,544
-
738
738
-
-
-
297
273
1,200
-
-
1,769
1,248
-
-
1,248		 Restricted
funds
2024
£
55,067
55,067
-
-
-
-
-
55,067
-
-
-
58,677
58,677
58,677
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
2024
£
95,135
95,135
-
-
5,403
2,000
7,403
102,538
3,610
3,610
3,610
58,677
58,677
58,677
-
-
33,544
33,544
-
738
738
-
-
-
297
273
1,200
-
-
1,769
1,248
-
-
1,248		 Total funds
2023
£
93,236
93,236
46,444
10,500
7,152
13,126
77,222
170,458
19,564
19,564
19,564
50,930
50,930
50,930
-
-
65,000
65,000
597
2,044
2,641
3,470
3,470
1,204
197
148
2,360
4,410
7,442
15,761
1,200
7,121
1,292
9,613

Page 16

HERITAGE CHARITY LONDON

Other gains
Total of expenditure and other costs
Total expenditure
Total funds brought forward
Total funds carried forward
Net gains on investments
Net income
Net income before other gains / (losses)
Net movement in funds
Reconciliation of funds:		 37,299
40,909
-
6,562
6,562
-
6,562
(42,649)
(36,087)		 -
58,677
-
(3,610)
(3,610)
-
(3,610)
3,610
-		 37,299
99,586
-
2,952
2,952
-
2,952
(39,039)
(36,087)		 96,485
166,979
-
3,479
3,479
-
3,479
(42,518)
(39,039)

Page 17