HERITAGE CHARITY LONDON
Charity No. 1194163 Company No. 12387026
Trustees' Report and Unaudited Accounts
31 January 2025
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 2025
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 Solution 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 03 November 2025
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 2025
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 Solution 4 Terrace Road London E13 0PB
Page 4
HERITAGE CHARITY LONDON
Statement of Financial Activities
for the year ended 31 January 2025
| 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 2025 £ 47,966 19,953 67,919 704 - 73,030 73,734 (5,815) (5,815) - (5,815) (36,087) (41,902) |
Restricted funds 2025 £ 85,724 - 85,724 5,502 64,727 - 70,229 15,495 15,495 - 15,495 - 15,495 |
Total funds 2025 £ 133,690 19,953 153,643 6,206 64,727 73,030 143,963 9,680 9,680 - 9,680 (36,087) (26,407) |
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) |
Page 5
HERITAGE CHARITY LONDON
Summary Income and Expenditure Account for the year ended 31 January 2025
| Income Gross income for the year Expenditure Total expenditure for the year Net income before tax for the year Net income for the year |
2025 £ 153,643 153,643 143,963 143,963 9,680 9,680 |
2024 £ 102,538 |
|---|---|---|
| 102,538 | ||
| 99,586 | ||
| 99,586 | ||
| 2,952 | ||
| 2,952 |
Page 6
HERITAGE CHARITY LONDON
Balance Sheet as at 31 January 2025
| 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 |
2025 £ 37,463 37,463 (13,870) 23,593 23,593 (50,000) (26,407) (26,407) 15,495 15,495 (41,902) (41,902) (26,407) |
2024 £ 27,873 |
|---|---|---|
| 27,873 (13,960) |
||
| 13,913 13,913 (50,000) |
||
| (36,087) (36,087) - |
||
| - (36,087) |
||
| (36,087) | ||
| (36,087) |
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 2025 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 03 November 2025
C K Singh Trustee
Page 7
HERITAGE CHARITY LONDON
Statement of Cash flows
for the year ended 31 January 2025
| 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 |
2025 £ 9,680 (19,953) (90) (10,363) 19,953 19,953 - 9,590 27,873 37,463 37,463 37,463 |
2024 £ 2,952 (7,403) 1 |
|---|---|---|
| (4,450) 7,403 |
||
| 7,403 | ||
| - | ||
| 2,953 24,920 |
||
| 27,873 | ||
| 27,873 | ||
| 27,873 |
Page 8
HERITAGE CHARITY LONDON
Notes to the accounts for the year ended 31 January 2025
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 |
| appeal. | |
| 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 the |
| and facilities | 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 |
Page 9
HERITAGE CHARITY LONDON
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. 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 the value to the charity.
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 |
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) |
Page 11
HERITAGE CHARITY LONDON
| 4 Income from donations and legacies Donated goods, facilities and services received Donations received 5 Other income Kickstart Grant Kickstart &:heme Setup Cost HMRC VAT Refund Gift Aid 6 Expenditure on raising funds Costs of generating voluntary income 7 Expenditure on charitable activities Expenditure on charitable 8 Analysis of grants Activity or programme After School Clubs Activity or programme After School Clubs Notes to the accounts for the year ended 31 January 2025 |
Unrestricted 2025 £ 47,966 47,966 Unrestricted £ - - |
Restricted 2025 £ 85,724 85,724 Unrestricted 2025 £ - - 9,845 10,108 19,953 Unrestricted 2025 £ 704 704 Restricted £ 64,727 64,727 Support costs 2025 £ 64,727 64,727 |
Total 2,025 £ 133,690 133,690 Total 2,025 £ 133,690 |
Total 2024 £ 95,135 |
|---|---|---|---|---|
| 95,135 | ||||
| Total 2024 £ 95,135 |
||||
| 133,690 | 95,135 | |||
| Total 2,025 £ - - 9,845 10,108 19,953 Total 2,025 £ 704 704 Total 2,025 £ 64,727 64,727 Total 2,025 £ - - Total 2,025 £ 64,727 64,727 |
Total 2024 £ - - 5,403 2,000 |
|||
| 7,403 | ||||
| Total 2024 £ 3,610 |
||||
| 3,610 | ||||
| Total 2024 £ 58,677 |
||||
| 58,677 | ||||
| Total 2024 £ - |
||||
| - | ||||
| Total 2024 £ 58,677 |
||||
| 58,677 |
Page 12
HERITAGE CHARITY LONDON
9 Other expenditure
| 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 2025 £ 39,810 2,743 19,025 8,856 2,596 73,030 s as follows: |
Total 2,025 £ 39,810 2,743 19,025 8,856 2,596 73,030 2,025 39,810 39,810 2,025 Number 3 3 2,025 £ - - 147 11,978 1,745 13,870 2,025 £ 50,000 50,000 - - |
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 | |||
| - | |||
| - |
Page 13
HERITAGE CHARITY LONDON
13 Movement in funds
| Restricted funds Restricted income funds: Heathrow Community Foundation Schreier Foundation Groundwork UK Asda Foundation Tim Henman Foundation The Big Give Trust The Woodward Charitable Trust Islington Council Old Oak and Park Royal Development Corporation The Foyle Foundation St Olave’s Foundation Sported Foundation Worshipful Company of Actuaries The Cooks Charity The Hedley Foundation Boshier-Hinton Foundation Newcomen Collett Foundation The National Lottery Community Fund Ocean Regeneration Trust The Vintners’ Foundation Sir William Boremans' Foundation Anton Jurgens Charitable Trust Total Unrestricted funds General funds Total funds |
At 1 February 2024 - - - - - - - - - - - - - - - - - - - - - - - (36,087) (36,087) |
Incoming resources (including other gains / loss) £ 7,110 1,000 8,375 1,560 8,000 1,779 1,750 1,000 5,000 10,000 2,000 1,000 4,500 1,000 1,900 1,500 1,750 9,500 2,500 4,500 5,000 5,000 85,724 67,919 153,643 |
Resources expended £ (7,110) (1,000) (8,375) (1,560) (8,000) (1,779) (1,750) (1,000) (5,000) (10,000) (2,000) (1,000) (4,500) (1,000) (1,900) (1,500) (1,750) (5,000) (1,505) (1,500) (1,500) (1,500) (70,229) (73,734) (143,963) |
At 31 Jauary 2025 £ - - - - - - - - - - - - - - - - - 4,500 995 3,000 3,500 3,500 |
|---|---|---|---|---|
| 15,495 | ||||
| (41,902) | ||||
| (26,407) |
Purposes and restrictions in relation to the funds:
Restricted funds:
Heathrow Community Foundation
Schreier Foundation Groundwork UK Asda Foundation Tim Henman Foundation The Big Give Trust The Woodward Charitable Trust
Islington Council Old Oak and Park Royal Development Corporation The Foyle Foundation St Olave’s Foundation Sported Foundation Worshipful Company of Actuaries
The Cooks Charity The Hedley Foundation Boshier-Hinton Foundation Newcomen Collett Foundation The National Lottery Community Fund Ocean Regeneration Trust The Vintners’ Foundation Sir William Boremans' Foundation Anton Jurgens Charitable Trust
Spent on equipment and books for running after school clubs.
Spent on equipment and books for running after school clubs. Spent on equipment and books for running after school clubs. Spent on equipment and books for running after school clubs. Spent on equipment and books for running after school clubs. Spent on equipment and books for running after school clubs. Spent on equipment and books for running after school clubs.
Spent on equipment and books for running after school clubs. Spent on equipment and books for running after school clubs. Spent on equipment and books for running after school clubs. Spent on equipment and books for running after school clubs. Spent on equipment and books for running after school clubs. Spent on equipment and books for running after school clubs.
Spent on equipment and books for running after school clubs. Spent on equipment and books for running after school clubs. Spent on equipment and books for running after school clubs. Spent on equipment and books for running after school clubs. Spent on equipment and books for running after school clubs. Spent on equipment and books for running after school clubs. Spent on equipment and books for running after school clubs. Spent on equipment and books for running after school clubs.
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 £ 8,098 (50,000) (41,902) At 1 February 2024 £ 27,873 27,873 (50,000) (50,000) (22,127) |
Restricted Funds £ 15,495 - 15,495 Cash flows £ 9,590 9,590 - - 9,590 |
Total £ 23,593 (50,000) |
|---|---|---|---|
| (26,407) | |||
| At 31 January 2025 £ 37,463 |
|||
| 37,463 | |||
| (50,000) | |||
| (50,000) | |||
| (12,537) |
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 2025
| 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 Other gains 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 Total of expenditure and other costs Total expenditure 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 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: |
Unrestricted funds 2025 £ 47,966 47,966 - - 9,845 10,108 19,953 67,919 704 704 704 - - - - - 39,810 39,810 2,443 300 2,743 19,025 19,025 - 35 341 8,480 - - 8,856 2,596 - - 2,596 73,030 73,734 - (5,815) (5,815) - (5,815) (36,087) (41,901) |
Restricted funds 2025 £ 85,724 85,724 - - - - - - 85,724 - 5,502 5,502 5,502 64,727 64,727 64,727 - - - - - - - - - - - - - - - - - - - - - 70,229 - 15,495 15,495 - 15,495 - 15,495 |
Total funds 2025 £ 133,690 133,690 - - 9,845 10,108 19,953 153,643 6,206 6,206 6,206 64,727 64,727 64,727 - - 39,810 39,810 2,443 300 2,743 19,025 19,025 - 35 341 8,480 - - 8,856 2,596 - - 2,596 73,030 143,963 - 9,680 9,680 - 9,680 (36,087) (26,407) |
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 | ||||
| 37,299 | ||||
| 99,586 - |
||||
| 2,952 | ||||
| 2,952 - |
||||
| 2,952 | ||||
| (39,039) | ||||
| (36,087) |
Page 16