Charlty number: 1200734
BARGATewooD TRUST
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2024

8ARGATEbVOOD TRUST
CONTENTS
R•f•rOn￿ and A¢kninl•lrativ• D•tsll• of th• Charlty. Its Tru•t••• •nd knl•arn
Indopond•nt Examln•tr• R•port
StatoThnt of Flmnclal Actlvltles
8al•nc• Sh•ot
Nol•s io th• Rn•n¢l•l 8t•t•rnnts
7-13

BARGATEWOOD TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 NOVEMBER 2024
Mr J Ledemian
Mr R Rlch
Mr J Zinkin
Charlty vwJlAt•r•d
numb•r
1200734
Prfnclpal offlc•
3 Klng8dale Court
367 Cockloster8 Road
Bamet
Hertfordshlre
EN4 OJF
lfid•pond•nt Examln•r Glazers
843 Finchley Road
London
NW118NA
Page 1

BARGATEWOOD TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2024
The Trustees present thelr annual report together wlth the Ilnanelal statements of the Charity for the year from 1
December 2023 to 30 November 2024. The Trustees confimi that the Annual Report and the financial
statements of the charity comply vAth the current ststutory r8qulr6m¢nts, tho rnquir•menls of the charitys
goveming document and the provfisions of the Slat9m•nt of Recommended Practice (SORP), applicable to
ch8rities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 1021 {effective 1 January 2019).
struC￿re. governance and manag•m•nt
The charity is a CIO registered with the Charity Ccthmissioners un(kr the registration number 1200734. It is
governed under the temis of the CIO Foundation Constitutlon dated 18 O¢tobor 2022.
The management of the Charity is th8 responsibility of the Trustees are elected and c(x)pted under the
terms of the goveming document.
The appointment of Trustees is regulated by the CIO'S goveming document. The power of appointment of new
trustees lies with the existing Board of Tnjstees. New trustees are recruited based on their attributes and the
requirements of the CIO and are familiariged wlth the work that the Charity undertakes through meetings and
discussions with the Board of Tnjstees.
Th8 training of Trustees is detemilned by the govemance needs of the Trust to meet Its charltable oblectives. On
inibal appointrnent, new Trustees are given access to the govemlng document. financl81 infomiatlon, meeting
materials and essential trustee guidance from the Chadty Commlssion.
The Trustees are commltt6d to a regular review of the major strategic, busi￿$$ and operational rfsks which the
Charity faces with a view to ensuring that appropriate sy51em8 and procedures are in place to minimise these
risks.
Trusteos
The following Trustees seNed the charity during the year.
Mr J Ledenn8n
Mr R Rich
Mr J Zinkin
ObJ•clive8 and a¢tlvltles
Th8 charity rn8kes grants to other charitles and voluntsry bodles. The prfnclpal aim is to provlde fundg for an
emergency ambulance service in Bamel. Enfield and Hertfordshire and Surrounding areas.
In setting the objectives and planning th8 activlty of the Charity, the Tnjstees have given carelul consideration to
the Chadty Commission's general guldance on public benefrt.
Achlevements and perfomMn¢e
The Charlty made grants totalling £159.324 {2023 - £8.5661 durin9 the yaar to fund the set up of an ambulanco
service in Bamet in line with its objectives.
Flnanclal revlew
During the year ended 30 November 2024, the Charity received donations and gifts in kind totalling £315,754
12023 £146,004). Charitable activity costs of £161,313 {2023 - £8,730) were incuTf8d. This resulted in carried
forward unrestricted reserves of £291,917 12023 - £137.326). It is intended by th8 Trustees that funds will be
retained wthin the Charity to cover the reserves policy wth the remaining funds being used lo award grants in
line with the Charivs objectives.
Paga 2

BARGATEWOOD TRUST
TRUSTEES. REPORT {CONTINUED}
FOR THE YEAR ENDED 30 NoveMBER 2024
Rosorv•s pollcy
11 Is thp policy of the Trust that unrestricted funds which have not been designated for a speafic purpose should
be maintained at a level equivalent to betsv¢en three and six months expenditure. The Trustee consider that
r8serves at this level will ensu￿ thal, in the event of a Significant drop in fvnding, they will be abl& to continue the
Trusvs current aclivlties while ¢on5ideration is given to ways in which addIt￿nal fvnds may be raised. At the year
8nd, the level of free reserves far exceed the reseThe$ policy.
Approved ty order of the members of the board of Trustees and Slgned on thelr behalf by..
s￿l KCL
Mr R Rlch
Trustee
Date..
29 Septgmbgr 2025
Page 3

BARGATEWOOD TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 30 NOVEIABER 2024
Inthp•ndent Examlnerfs Report to the Trustoos of Bargatewood Trust {Yhe Charlty)
I report to the charity Trustees on my examination of the accounts of Ihe Chartty for the ypar ended 30
November 2024.
R•spon$ibililio¥ and Basis of Roport
As the Trustees of the Charity you are responsltle for the preparation of th8 accounts in accordance wilh the
requirements of th8 Charities Act 2011 Ilhe 2011 Acr).
I report in respect of my examination of the Charivs g¢counts carried ovi under 8e¢tion 145 of the 2011 Act and
in carrying out my examlnation I have followed the applicable Diwtions given by Ihe Charity Commission under
se¢lion 14515)(bl of Ihe 2011 kt.
Indgpondgnt Examingrfs 8tatomgnt
Since the Charivs gross income exceeded £250,000 your examiner must be a member of a iM)dy Ilsted In
se¢tlon 145 of th6 2011 Act. I confirm that l am qualified to undertake the examination because l am a member
of the ACCA. which 15 ong of the listed bodi8S.
I have completed my examination. I confim that no material matters have come to my attention In ¢onnection
th the examination giving me cause to beli8V8 that in any material respect..
accounting records were not kept in respect of tho Charity as required by section 130 of the 2011 Act., or
the accounts do not accord with those record8: or
the accounts do not comply wtth the applicable r4uiremenls concornlng the fomi and content of
accounts set out Sn th8 Charities (Accounts and Reports) Regulations 2008 oth8r than any requirèmont
that the accounts give a Iruo and fairf vlew whlch is not a mattor considered as part of an Ind6p8ndent
examination.
I have no wnrem5 and have come across no other matters in conneclion with the examination to whlch
attenlion Should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Thls report Is made solely to the Charivs Trusleas, as a body, in a¢cordanco wilh Part 4 of the Charities
(Accounts and Reports) Règulations 2008. My work has been undertaken so that I mi9ht slate to the Charitys
Truslg05 thosè matters l am required to state to them in an Independent Examinerfs Report and for no olhor
purpose. To the fullest extent perniitted by law, I do not accept or assume responsibility to anjbne other than the
Charty and the Chari
s Tnjstees a$ a body, for my work or for thi$ report.
Signed:
Benjamin Allen
FCCA
Glazers
843 Finchley Road
London
NW118NA
Page 4

BARGATEWOOD TRUST
BALANCE SHEET
AS AT 30 NOVEhlBER 2024
2024
2023
Current assots
Cash at bank and in hand
292.817
137.326
292.817
137.326
Curront Ilablllll
Creditors.. amounts falling due wthin one
year
10
(9001
Net current a￿•1$
291,917
137,326
Tol41 a￿•￿ 1055 curront i￿￿litIeS
291,917
137,326
Total n•t a880ts
291,917
137,326
Charlty fund8
RestrI￿ed fund5
Unrestd¢ted funds
11
11
291,917
137,326
Total funds
291,917
137.326
Th8 financial statements were approved and authorised for i55ue by the Trustees and signed on their behalf by.
ALs￿L f4
Mr R RIGh
Trustee
Date: 29 September 2025
The notes on pages 7 to 13 fomi part of these financlal statements.
Pag¢ 6

BARGATEWOOD TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2024
Unreslrl¢ted
fund8
2024
Total
nd8
2024
Total
funds
2023
Nots
Incom• from:
Donations and legacies
Inveslments
315.754
150
315,754
150
146.004
52
Total Incom•
315.904
315,904
146,056
Exp•ndlture on:
Charitable activlties
161,313
161,313
8.730
Total •xpondtturn
161.313
161.313
8,730
Net mov•mont in fund¥
154,591
154,591
137.326
Reconclllatlon of fvnds:
Total funds brought forward
Nel movement in funds
137.326
154,591
137,326
154,591
137,326
Total fvnd8 carrl•d forward
291,917
291,917
137.326
The Statement of F￿an￿al Acuvltles includes all galns and losses recognised In the year.
The noles on pag95 7 to 13 foThn part of th8s8 financial stat&ments.
Paga 5

BARGATEWOOD TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
Gonwal Informatlon
Bargalgwood Trust is a Charitable Incorporated Organisation ICIOI registered with tha Charity
Commission on 18 October 2022. The charitys registered office is located at 3 Kin9sdale Gourt, 367
Cockfosters Road, Barnet. Herlfordshlre, EN4 OJF.
Accountlng poll¢lo8
2.1 Basls of preparallon of financial stat•m•nts
The financial statements have been prepared in accordance with the Charities SORP IFRS 102) -
Accounting and Reporting by Charities: Statement of Recommended Practice applicable lo charilles
preparing their accounts in accordance Wth the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 102) (effective 1 January 2019). the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The Charlty meets the defflnlt￿n of a publlc benefft entty under FRS 102. Assets and liabilities are
initlally recogniged at histori¢al ¢o$t or tran$acti¢n value unless othenNTse stated in the relevant
accountlng pollcy.
The comp8ratlve pedod Induded In these financial statements is loThJer In duratlon than one year and
covers the perh)d from establlshment on 18 October 2022 to 30 November 2023.
The financlal statements are prepared in sterfing, which is the functional currency of the Trust.
22 Golng concem
At the tlme of approving the financAal statements, the Trustees have s reasonable eX[￿tIOn that
the Trust has adequate resources to contlnue In operauonal exlsi8nce for the forseeable future. Thus
Trustees continue to adopt the going concem basls of accounting in preparing the financial
statements.
2.3 Income
All incom8 is recognised once the Charity has enltuernent to the income. it Is probable that the
income will be received arKI the amount of Incorne recelvable fAn be measured reliably.
Cash donations are recogni$8d on recèipt. Other donations ar8 racognised once th8 Trust has been
notified of th8 donation, unless performance conditions require deferral of the amount.
The recogn5tion of Income from legaeJe$ Is dependent on establlshlng entitlement, Ihe probability of
receipt and the abllty to eslimate with sufficient accuracy the amount receivable. Evidence of
enltlement to a legacy exists when the Charity has sufficient evidence that a gfft has been left to
them (through knowledge of the e￿stenCe of a valid will and tho death of the benefactor) and the
executor is satlsfied that tho property in question will not b8 required to satisfy daims in the ostate.
Receipt of a legacy must b8 recognised when it is probable that it will be received and the fair value
of the amount receivable, whtch will generally be the expecled cash amount to be distributed to the
Charity. can be reliably measuréd.
Grfts In klnd donated for distribution are included at valuation and rgcognised as 1￿C￿ne when they
are distributed to the projects. Gtfts donated for resale are induded as inc(Kne when they are sold.
Where the donated good is a flxed asset, it 1$ measured at fair v81ue, unless it 1$ impra¢ti¢al to
measure this reliably, In whl¢h case the cost of the item to the donor should be used. The gain
reeogniged as income from donations and a corresponding amount is included in the appropriate
fixed asset da8s and depre￿ated over the useful economic life in accordance with the Charivs
accounting pollclès.
Pag• 7

BARGATEWOOD TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
Accountlng pollcles (contlnu•d)
2.3 Incom• {contlnuad)
On ￿Ceipt, donated professional services and facilities are recognised on the basis of the value of
the gift to th8 Charity which is the amount it would have been willing to pay to obtsin services or
faalities of equivalent economic benefft on the open market- a rorre$ponding amount is then
recognised in expenditure in the period of ￿Ceipt.
Income tax recoverable In rolati￿ to donation5 received und8r Gift or deeds of covenant is
recognised at the time of the donation.
2.4 Exp•nditur•
Exponditure Is recognised once there is a legal or constructwe obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be requirgd in Settlement and
the amount of the obfigation can be measured reliably.
Expgnditur8 is classified by activity. The costs of each activity 8re made up of the total of direct costs
and shared costs, including support costs invofved in undertaking each activlty. Direct costs
attributable to a single activity are allocated directly to that activty. Shared ojsts whl¢h contribute lo
more than one acbwty and support costs which Sre not attributable to a single acknvlty are apportioned
befvleen those activities on a basis consistent the use of resources. Central staff costs are
allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's
use.
Expenditu￿ on tharilable activities is incurred on direcily undertaking the activihes which further the
Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except In those cases where the offer
is conditional, such grants being recognised as expend6ture when the eondltions attaching are
fulfilled. Grants offered subject to conditions whlch have not been met at the year end are noted as a
commitment. but not accrued as expendlture.
All expenditure Is Inclusive of irrecoverable VAT.
2.5 Intsre¥t reGelvabl•
Interest on funds held on dep)sit Is Induded when r8celvabl8 aThJ the amount Can be measured
reliably by the Charty-, thls is normalty upon notification of the interest paid or payable by the
inslitutlon whom the fvnds are dep08ited.
2.6 T￿tion
The Charity Is exempt from taxation on its activities because all of its income is applled for charitable
purpos0$.
2.7 Cash at bank and In hand
Cash at bank and in hand indudes cash and short-tem7 highly liquid investments with a short maturity
of three months or less from the date of acquisition or ¢)pening of the deposit or $imilar account.
Page 8

BARGATEWOOD TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
Accountlng pollcl•s Icontlnu•d)
2.8 Liabilitlos and provisio
Liabilities are recognised when there is an ci)ligation at the 8alan¢e Sheet date as a result of a past
event. it is probable that a transfer of economic benefit will b8 required in selllement, and th8 amount
of the settlement can be estimated reliably.
Liabilities aro recognised at Ihe amount that the Charity anticipates it wll pay to settle the debt or Ihg
amount it has received as advanced paymonts for the goods or seNices it must prowde.
Provisions are measured al the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material. th8 provision is based on the present value of those
amounts. discounted al the pre-tax discount rate that reflects the risks specific lo the liability. The
Unwind1￿ of the discount is recognlsed in the Statement of Financial Activities as a finance cosL
2.9 Finan¢ial in$trumonl•
The Charity onty has financial assets and financial liabilities of a kind that qualify as basic financlal
instruments. Baslc finan¢lal Instruments are inltlalty recognised at transaction value and subSeqUen￿Y
measured at their settlement value with the exception of bank loans which are sUbseqUen￿Y
measured at amortised cost uslng the effectlve interest method.
2.10 Fund accounting
General funds are unrestricted funds whi¢h are available for use at the discretion of the Trustees in
furtheran¢e of the general objectives of the Charity and which have not been designated for other
purposes.
Restricted fvnds are fvnds which are lo be usod in a¢¢ord8nce wth specific restrictlons imposed by
donors or which hav9 bgen raised by the Charity for particular purposes. The costs of raising ané
administering such funds are charged against the specthc fvnd. The aim and use of ea¢h restricte
fund is set out in the notes to the financial statements.
Investment income, gains and losses are alhxaled to the appropriate fund.
In¢omo from (lonations and legacl•8
Unro$trld•d
funds
2024
Total
funds
2024
Totsl
funds
2023
Donations and gifts in kind
315.754
315,754
146.004
Page 9

BARGATEWOOD TRUST
NOTES TO THE HNANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
Investment In￿rne
Unr•strlct•d
nds
2024
Total
funds
2024
T¢tsl
funds
2023
Bank interest
150
150
52
Analysis of expendlture on charltable actlvltles
Summary by fund typ•
Unr•slri¢t•d
funds
2024
Total
2024
Tot•1
2023
AGtiwty- Relief of sickness and injury
161,313
161.313
8,730
Total 2023
8,730
8,730
Analysls of expendlture by actlvltles
Grant
fundlng of
actlvltles
2024
Support
Gosts
2024
Total
funds
2024
Totsl
funds
2023
Activity- Relief of sickness and injury
159.324
1,989
161,313
8,730
Total 2023
8,566
8,730
Comparative amounts relating to expenditure have been reclas$lfied In these financlal statements. Prlor
year expenditure lotalling £8,730 was reclassified from direct costs lo grants payable {£8,566> and
support costs (£164) to better rellect the nature of the actlvitle8 undertaken in the prior >par.
Pag8 10

BARGATEWOOD TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
Anatysls of 8x￿ndItur• by •clivili•s (¢ontinu•d)
An1￿1$ of •upport ¢osts
ACt￿ftY.
R•liof of
$icknes¥
and Injury
2024
Tot41
funds
2024
Tot•1
fund¥
2023
Bank charges
General opgrating expenditure
Accountancy fees
Independent Exarnine¢$ remuneralion
262
262
77
750
900
750
1,989
1.989
164
The Charity had no employees in th$ Current or prior ￿ar.
Analysls of grants
Grants to
In$lilutions
2024
Tgtal
funds
2024
Total
funds
2023
Grants. Activty- Relief of sickness and injury
159,324
159,324
8,566
The Charity has made the following material grants to institutions during the year..
2024
2023
Name of instltutlon
Hatzola HBS Llmited
159,324
8,566
159,324
8,566
The grants paid in the current and prior year were lo fund the set up of an ambulance service in Bamet in
Ilne with the Charitys oty'ectives.
IndO￿n￿onI •xaminoVs rernun?ratlon
The independent examin&s remuneration amounls to ￿0 (2023- £Nil).
Page11

BARGATEWOOD TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
Trustees. remuneratlon and expenses
During the year. no Trustees re￿iVed any remunoration or othgr bengfrts (2023- £NILI.
During the ￿ar ended 30 Novemb¢r 2024. no Trustee expenses have been incurred (2023 - £NIL).
10. Cr•ditors: Amounts lalllng due wlthln one year
2024
2023
AC￿￿elS and deferred Income
9fXI
11. Slatomgnt of funds
Ststement of funds - current year
Balance at
30
November
2024
Bal•n¢e at 1
December
2023
InGome Expendlture
Unrestrlcted fvnds
General Funds
137.326
315.bY)4
(161,3131
291,917
Statement of funds - prlor y•ar
BalanGo at
30
Novemb•r
2023
Income Expendlture
Unrestrlcted fvndg
General Funds
146,056
(8,7301
137.326
Page 12

BARGATEWOOD TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
12. Analy•ls of n•t asmts b•tw••n funds
Analysi¥ of not asMts bolwo•n funds - curr•nt perlod
Unr•strlcted
funds
2024
Total
funds
2024
Current assets
Creditors due within one year
292,817
{9001
292,817
19001
Total
291.917
291,917
Anaty818 ol net assets between funds - prlor perfod
Unrestrlctod
funds
2023
Total
fund8
2023
Current assets
137,326
137.326
Total
137.326
137,326
13. Relaled party iransaGtlons
The Charity has not entered into any related party transaction during th8 year, nor are there any
istandlng balan¢es ¢)wlng between related partles and the Charity at 30 November 2024.
Paga 13