## 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: - accounting records were not kept in accordance with section 386 of the 2006 Act ; or - the financial statements do not accord with those records; or - the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent - the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the FInancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) 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