**Heaton Place** ## **Trustees’ Report** The Trustees present the annual report, together with the financial statement of the charity for the year ended 31[st] December 2023. ## **Objectives and Activities** The objectives and activities to which the Trustees are committed, as set out in the Governing document, is the provision of good quality, affordable accommodation situated in a safe environment and pleasant surroundings for senior citizens from the area. In formulating the objectives and activities the Trustees have considered the Charity Commission’s guidelines on public benefit, including the charging of fees (rents). The charity relies on rental income to cover its operating costs, which it balances with careful consideration to the level of the rents. This ensures the affordability of the accommodation to those on low incomes. Properties are upgraded as required on a change of tenancy when the unit is empty, ensuring standards are maintained. ## **Public Benefit** The Trustees confirm they have complied with the requirements of section 4 of the Charities Act 2011, giving due regard to the public benefit guidance published by the Charity Commission for England and Wales. The Charity is also registered with RentSmart Wales for the protection of the tenants. ## **Achievements and Performance** The Charity has achieved its objectives in the period, adding an extension to the community area (The Pavilion), made improvements to the kitchen area and refurbished the laundry, the planning for which began in 2022. The charity has ensured the accommodation remains in good condition and the environment is safe and pleasant. One property became vacant during the year which required extensive remodelling and refurbishment. Specialist advice was taken and the project completed, ensuring the property was suitable for re-letting at the earliest possible time, ensuring the charity continues to make a difference to its beneficiaries by the provision of affordable housing. In addition, a garage was purchased for the storage of mobility scooters, to ensure they can be securely accommodated on site. Professional advice was been taken in 2022 on the new housing legislation and the revised tenancy contracts were rolled out in the first quarter of 2023, with any new tenants being given the new contract. ## **Financial Review** The charity’s finances remain in good order, despite a substantial spend during the year. Property rentals continue to represent the main income of the charity, and there is a waiting list for properties. The Trustees endeavour to maintain a reasonable credit in the charity’s bank accounts, as it is important to have funds available for the current and future upkeep and running of the Estate, including any unforeseen property expenditure. This ensured that the extension and other improvements undertaken were fully funded and not subject to a loan. The Trustees aim to keep deposits to the level covered by the FSCS, and therefore spread the risk via different accounts. Funds also need to be available to cover any shortfall in rents if units temporarily become vacant, or require extensive refurbishment. There is an annual review in July each year, with any increase falling due in the following September. The Trustees agreed expenditure on projects, and are in the process of exploring options for opening an additional bank account in which funds can be held for specific projects, this is proving difficult as many on line banks do not offer a charity account, and the major high street banks are closing their branches. It is the policy of the Trustees to seek professional advice before important decisions are taken, and also to take legal advice on matters which may involve legislative issues which could have material repercussions for the charity. This can involve considerable expense which the Trustees consider must be reflected in the rents. All new tenants are required to pay a deposit which is lodged with the Deposit Protection Service. ## **Policy on Reserves** The charity withdrew money from the Virgin Money account to pay for the improvement work, and now this is complete are actively seeking another account which will meet the needs of the charity whilst also being accessible. The excess is held in the current account, but will be moved as soon as another account is opened. The Shawbrook deposit platform and the CAF Bank Gold account both hold money held as the charity’s reserve, and these accounts are always kept within the level covered by the FSCS. The charity held unrestricted reserves of £899,945 (£902,196 in the year to 31 December 2022) of which £261,796 (£356,755 in the year to 31 December 2022) were held in cash reserves at the end of the financial period. The Trustees ensure the reserves are sufficient to support any untoward incidents, legislative changes and any future planned investment in the properties for the benefit of the tenants. Presently, the Trustees are considering how renewable energy systems can be incorporated into the estate, recognising the rapid change which is taking place in this sector. Any interest on the money kept in reserve is paid into the CAF Bank current account. The Trustees have identified the risks to the charity which include: - Fraud - Safeguarding - Health and Safety The charity has a Safeguarding Policy and a comprehensive Health and Safety Policy. The Financial Procedures address the issue of fraud and have been reviewed by the Trustees during the year. The Trustees have considered the exposure of the charity to the risks, namely credit, liability and cash flow risks associated with the financial instruments used by the charity, and are agreed they are of low risk. ## **Structure, Governance and Management** ## _**Nature of the Governing Document**_ The charity is controlled by its governing document, a Deed of Trust dated 30[th] June 1948, as amended 26[th] March 2009, and is an unincorporated charity. ## _**Recruitment and Appointment of Trustees**_ New Trustees are appointed according to the policy laid down, and will be sympathetic to the aims of the Charity. ## _**Induction and Training of the Trustees**_ The induction and training of new Trustees is the responsibility of the Chair of the Trustees, supported by the Estate Administrator and other Trustees as required. ## _**Organisational Structure**_ The management of the Charity is vested in the Trustees, who approve policy and decision making at their bimonthly meetings. The day to day running of the charity is delegated to the Estate Administrator, who is also Secretary to the Trustees as well as being the Finance Officer. The Estate Administrator is accountable to the Chair of the Trustees. ## _**Major Risks and their Management**_ The Trustees have a duty to identify and review the risks to which the charity is exposed, and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees have identified certain particular potential risks as follows: - Financial - Health and safety - Security - Legislation - Accidents Safeguards have been put in place to cover these risks and are regularly reviewed. ## **Future Developments** There is a firm commitment to the objectives of the charity, and the programme of refurbishments will continue as units become vacant, subject to funds being available. The charity continues to be alert to environmental and political changes which might affect Heaton Place. The annual report was approved by the Trustees of the Charity on .................. and signed on its behalf by: **----- Start of picture text -----**
.......................................................
**----- End of picture text -----**
**----- Start of picture text -----**
Mr G Roberts
Chair of the Trustees
**----- End of picture text -----**
Charity registration number: 230095 ## Heaton Place Charitable Trust Annual Report and Financial Statements for the Year Ended 31 December 2024 ## **Heaton Place Charitable Trust** ## **Contents (continued)** |Reference and Administrative Details|1| |---|---| |Trustees' Report|2 to 4| |Statement of Trustees' Responsibilities|5| |Independent Examiner's Report|6| |Statement of Financial Activities|7| |Balance Sheet|8| |Notes to the Financial Statements|9 to 16| ## **Heaton Place Charitable Trust** ## **Reference and Administrative Details** |**Trustees**|Mr G Roberts - Chair| |---|---| ||Mr J N Barry| ||Mrs E Beattie| ||Mrs J Edwards| ||Mrs A Hampton| ||Mr G Price| ||Mrs I Mathieson| |**Senior Management / Leadership**|Ms H James, Estate Administator| |**Team**|| |**Charity Registration Number**|230095| |**Principal Office**|The Estate Office, Heaton Place| ||Norton Road| ||Rhos on Sea| ||Colwyn Bay| ||LL28 4TL| |**Independent Examiner**|Gareth L Lowe BSc, ACA| ||Aston Hughes & Co - Chartered Accountants| ||Selby Towers| ||29 Princes Drive| ||Colwyn Bay| ||Wales| ||LL29 8PE| |**Solicitors**|Bone & Payne LLP| ||13 Wynnstay Road| ||Colwyn Bay| ||LL29 8NB| |**Bankers**|CAF Bank Ltd| ||25 Kings Hill Avenue| ||West Mailing| ||Kings Hill| ||West Mailing| ||Kent| ||ME19 4JQ| Page 1 ## **Heaton Place Charitable Trust** ## **Trustees' Report** The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2024. ## **Objectives and activities** The objectives and activities to which the Trustees are committed, as set out in the Governing document, is the provision of good quality, affordable accommodation situated in a safe environment and pleasant surroundings for senior citizens from the area. In formulating the objectives and activities the Trustees have considered the Charity Commission’s guidelines on public benefit, including the charging of fees (rents). The charity relies on rental income to cover its operating costs, which it balances with careful consideration to the level of the rents. This ensures the affordability of the accommodation to those on low incomes. Properties are upgraded as required on a change of tenancy when the unit is empty, ensuring standards are maintained. ## **Public benefit** The Trustees confirm they have complied with the requirements of section 4 of the Charities Act 2011, giving due regard to the public benefit guidance published by the Charity Commission for England and Wales. The Charity is also registered with RentSmart Wales for the protection of the tenants. ## **Achievements and performance** The Charity has achieved its objectives in the period, adding an extension to the community area (The Pavilion), made improvements to the kitchen area and refurbished the laundry, the planning for which began in 2022. The charity has ensured the accommodation remains in good condition and the environment is safe and pleasant. One property became vacant during the year which required extensive remodelling and refurbishment. Specialist advice was taken and the project completed, ensuring the property was suitable for re-letting at the earliest possible time, ensuring the charity continues to make a difference to its beneficiaries by the provision of affordable housing. In addition, a garage was purchased for the storage of mobility scooters, to ensure they can be securely accommodated on site. Professional advice was been taken in 2022 on the new housing legislation and the revised tenancy contracts were rolled out in the first quarter of 2023, with any new tenants being given the new contract. Page 2 ## **Heaton Place Charitable Trust** ## **Trustees' Report (continued)** ## **Financial review** ## _**Policy on reserves**_ The charity’s finances remain in good order, despite a substantial spend during the year. Property rentals continue to represent the main income of the charity, and there is a waiting list for properties. The Trustees endeavour to maintain a reasonable credit in the charity’s bank accounts, as it is important to have funds available for the current and future upkeep and running of the Estate, including any unforeseen property expenditure. This ensured that the extension and other improvements undertaken were fully funded and not subject to a loan. The Trustees aim to keep deposits to the level covered by the FSCS, and therefore spread the risk via different accounts. Funds also need to be available to cover any shortfall in rents if units temporarily become vacant, or require extensive refurbishment. There is an annual review in July each year, with any increase falling due in the following September. The Trustees agreed expenditure on projects, and are in the process of exploring options for opening an additional bank account in which funds can be held for specific projects, this is proving difficult as many on line banks do not offer a charity account, and the major high street banks are closing their branches. It is the policy of the Trustees to seek professional advice before important decisions are taken, and also to take legal advice on matters which may involve legislative issues which could have material repercussions for the charity. This can involve considerable expense which the Trustees consider must be reflected in the rents. All new tenants are required to pay a deposit which is lodged with the Deposit Protection Service. The charity actively seeking another account which will meet the needs of the charity whilst also being accessible. The excess is held in the current account, but will be moved as soon as another account is opened. The Shawbrook deposit platform and the CAF Bank Gold account both hold money held as the charity’s reserve, and these accounts are always kept within the level covered by the FSCS. The charity held unrestricted reserves of £909,277 (£899,945 in the year to 31 December 2023) of which £283,049 (£261,796 in the year to 31 December 2023) were held in cash reserves at the end of the financial period. The Trustees ensure the reserves are sufficient to support any untoward incidents, legislative changes and any future planned investment in the properties for the benefit of the tenants. The trustees are continuing to consider how renewable energy systems can be incorporated into the estate, recognising the rapid change which is taking place in this sector. Grants are also being explored; however, this is proving difficult, as charitable housing projects often fall between the gaps in eligibility for such support. Any interest earned on funds held in reserve is paid directly into the CAF Bank current account. The Trustees have identified the risks to the charity which include: - Fraud - Safeguarding - Health and Safety The charity has a Safeguarding Policy and a comprehensive Health and Safety Policy. The Financial Procedures address the issue of fraud and have been reviewed by the Trustees during the year. The Trustees have considered the exposure of the charity to the risks, namely credit, liability and cash flow risks associated with the financial instruments used by the charity, and are agreed they are of low risk. Page 3 ## **Heaton Place Charitable Trust** ## **Trustees' Report (continued)** ## **Structure, governance and management** ## _**Nature of governing document**_ The charity is controlled by its governing document, a Deed of Trust dated 30th June 1948, as amended 26th March 2009, and is an unincorporated charity. ## _**Recruitment and appointment of trustees**_ New Trustees are appointed according to the policy laid down, and will be sympathetic to the aims of the Charity. ## _**Induction and training of trustees**_ The induction and training of new Trustees is the responsibility of the Chair of the Trustees, supported by the Estate Administrator and other Trustees as required. ## _**Organisational structure**_ The management of the Charity is vested in the Trustees, who approve policy and decision making at their bi-monthly meetings. The day to day running of the charity is delegated to the Estate Administrator, who is also Secretary to the Trustees as well as being the Finance Officer. The Estate Administrator is accountable to the Chair of the Trustees. ## _**Major risks and management of those risks**_ The Trustees have a duty to identify and review the risks to which the charity is exposed, and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees have identified certain particular potential risks as follows: - Financial - Health and safety - Security - Legislation - Accidents Safeguards have been put in place to cover the aforementioned risks and are regularly reviewed. ## **Future Developments** There is a firm commitment to the objectives of the charity, and the programme of refurbishments will continue when units become vacant, subject to funds being available. The charity continues to be alert to environmental and political changes which might affect Heaton Place. The annual report was approved by the trustees of the charity on 31 October 2025 and signed on its behalf by: ......................................... Mr G Roberts - Chair Trustee Page 4 ## **Heaton Place Charitable Trust** ## **Statement of Trustees' Responsibilities** The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the trustees of the charity on 31 October 2025 and signed on its behalf by: ......................................... Mr G Roberts - Chair Trustee Page 5 ## **Heaton Place Charitable Trust** ## **Independent Examiner's Report to the trustees of Heaton Place Charitable Trust** I report to the trustees on my examination of the accounts of Heaton Place Charitable Trust for the year ended 31 December 2024. ## **Responsibilities and basis of report** As the charity trustees of Heaton Place Charitable Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Heaton Place Charitable Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner’s statement - matter of concern identified** I have completed my examination. The matter that has come to my attention is that the Trustees have been unable to provide documentation for the full year for one of the accounts held by the Charity. At the balance sheet date the amount included in the Accounts in respect of this account is £86,196. The last statement that that has been recieved by the Charity was dated 3 May 2024, at which time the balance was fairly stated. I confirm that no other matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect: 1. accounting records were not kept in respect of Heaton Place Charitable Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination. I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. ...................................... Gareth L Lowe BSc, ACA Aston Hughes & Co - Chartered Accountants Selby Towers 29 Princes Drive Colwyn Bay Wales LL29 8PE 31 October 2025 Page 6 ## **Heaton Place Charitable Trust** ## **Statement of Financial Activities for the Year Ended 31 December 2024** |**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Investment income
4
Other income
Total Income
**Expenditure on:**
Charitable activities
5
Total Expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
13
**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Investment income
4
Other income
Total Income
**Expenditure on:**
Charitable activities
6
Total Expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
13|**Unrestricted**
**£**
177
166,138
2,856
225
169,396
(160,064)
(160,064)
9,332
899,945
909,277
**Unrestricted**
**£**
354
162,505
3,176
10
166,045
(168,294)
(168,294)
(2,249)
902,194
899,945|**Total**
**2024**
**£**
177
166,138
2,856
225| |---|---|---| |||169,396| |||(160,064)| |||(160,064)| |||9,332
899,945| |||909,277| |||**Total**
**2023**
**£**
354
162,505
3,176
10| |||166,045| |||(168,294)| |||(168,294)| |||(2,249)
902,194| |||899,945| All of the charity's activities derive from continuing operations during the above two periods. The charity has no recognised gains or losses for the year other than the results above. The notes on pages 9 to 16 form an integral part of these financial statements. Page 7 ## **Heaton Place Charitable Trust** ## **Balance Sheet as at 31 December 2024** |**Note**
**Fixed assets**
Tangible assets
9
**Current assets**
Debtors
10
Cash at bank and in hand
11
**Creditors: Amounts falling due within one year**
12
**Net current assets**
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
13|**2024**
**£**
632,734
200
283,049
283,249
(6,706)
276,543
909,277
909,277
909,277|**2023**
**£**
643,406
503
261,796| |---|---|---| |||262,299
(5,760)| |||256,539| |||899,945| |||899,945| |||899,945| The financial statements on pages 7 to 16 were approved by the trustees, and authorised for issue on 31 October 2025 and signed on their behalf by: ......................................... Mr J N Barry Trustee The notes on pages 9 to 16 form an integral part of these financial statements. Page 8 ## **Heaton Place Charitable Trust** ## **Notes to the Financial Statements for the Year Ended 31 December 2024** ## **1 Accounting policies** ## **Statement of compliance** The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. ## **Basis of preparation** Heaton Place Charitable Trust meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. ## **Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. ## **Income and endowments** ## _**Donations and legacies**_ Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. ## _**Investment income**_ Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. ## **Expenditure** All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. ## _**Charitable activities**_ Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Page 9 ## **Heaton Place Charitable Trust** ## **Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)** ## **Governance costs** These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including accountancy, strategic managment and trustee's meetings and reimbursed expenses. ## **Tangible fixed assets** Individual fixed assets costing £1,000.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. ## **Depreciation and amortisation** Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: **Asset class** Land & Buildings Fixtures and fittings **Depreciation method and rate** 1% straight line basis 15% reducing balance basis ## **Fund structure** Unrestricted income funds are general income that are available for use at the trustees's discretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees. ## **Financial instruments** ## _**Classification**_ Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Page 10 ## **Heaton Place Charitable Trust** ## **Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)** ## _**Recognition and measurement**_ All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. ## _**Fair value measurement**_ The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique. ## **2 Income from donations and legacies** |Donations and legacies;
Donations from individuals
**3**
**Income from charitable activities**
Laundry income
Property rental income|**Unrestricted**
**funds**
**General**
**£**
177
177
**Unrestricted**
**General**
**£**
1,555
164,583
166,138|**Total**
**2024**
**£**
177
177
**Total**
**2024**
**£**
1,555
164,583
166,138|**Total**
**2023**
**£**
354| |---|---|---|---| ||||354| ||||**Total**
**2023**
**£**
2,928
159,577| ||||162,505| Page 11 ## **Heaton Place Charitable Trust** ## **Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)** ## **4 Investment income** |Interest receivable and similar income;
Interest receivable on bank deposits|**Unrestricted**
**General**
**£**
2,856|**Total**
**2024**
**£**
2,856|**Total**
**2023**
**£**
3,176| |---|---|---|---| Page 12 ## **Heaton Place Charitable Trust** ## **Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)** ## **5 Expenditure on charitable activities** |**Note**
Upkeep of grounds
Repairs, maintenance and decorating
Refurbishments
Rent and maintenance of Colwyn Careline
Insurance
Council tax and water charges
Electricity charges
Gas charges - Pavilion
Telephone charges
Printing, stationery, postage and advertising
Sundry expenses
Depreciation, amortisation and other similar
costs
Staff costs
Governance costs|**Unrestricted**
**General**
**£**
21,794
21,201
54,847
84
6,894
9,236
2,862
334
705
30
3,521
11,952
22,252
4,352
160,064|**Total**
**2024**
**£**
21,794
21,201
54,847
84
6,894
9,236
2,862
334
705
30
3,521
11,952
22,252
4,352
160,064|**Total**
**2023**
**£**
27,113
24,893
61,052
108
7,009
6,981
2,974
500
540
145
1,962
12,707
18,500
3,810| |---|---|---|---| ||||168,294| ## **6 Analysis of governance and support costs** ## **Governance costs** ## **Unrestricted** |Examination of the financial statements
Other fees paid to examiners
Legal fees & Trustees' indemnity insurance|**General**
**£**
2,568
252
1,532
4,352|**Total**
**2024**
**£**
2,568
252
1,532
4,352|**Total**
**2023**
**£**
2,598
252
960| |---|---|---|---| ||||3,810| Page 13 ## **Heaton Place Charitable Trust** ## **Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)** ## **7 Trustees remuneration and expenses** No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. ## **8 Staff costs** The aggregate payroll costs were as follows: |**Staff costs during the year were:**
Wages and salaries|**2024**
**£**
22,252|**2023**
**£**
18,500| |---|---|---| Only one member of staff was employed during the year. No employee received emoluments of more than £60,000 during the year ## **9 Tangible fixed assets** |**Cost**
At 1 January 2024
Additions
At 31 December 2024
**Depreciation**
At 1 January 2024
Charge for the year
At 31 December 2024
**Net book value**
At 31 December 2024
At 31 December 2023
**10 Debtors**
Prepayments|**Land and**
**buildings**
**£**
758,378
1,280
759,658
144,006
7,597
151,603
608,055
614,372|**Furniture and**
**equipment**
**£**
67,060
-
67,060
38,026
4,355
42,381
24,679
29,034
**2024**
**£**
200|**Total**
**£**
825,438
1,280| |---|---|---|---| ||||826,718| ||||182,032
11,952| ||||193,984| ||||632,734| ||||643,406| ||||**2023**
**£**
503| Prepayments Page 14 ## **Heaton Place Charitable Trust** ## **Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)** ## **11 Cash and cash equivalents** |Cash on hand
Cash at bank
**12 Creditors: amounts falling due within one year**
Other creditors
**13 Funds**
**Balance at 1**
**January 2024**
**£**
**Unrestricted**
General
799,945
Designated
100,000
**Total funds**
899,945
**Balance at 1**
**January 2023**
**£**
**Unrestricted funds**
General
802,194
Designated
100,000
**Total funds**
902,194|**Incoming**
**resources**
**£**
169,396
-
169,396
**Incoming**
**resources**
**£**
166,045
-
166,045|**2024**
**£**
-
283,049
283,049
**2024**
**£**
6,706
**Resources**
**expended**
**£**
(160,064)
-
(160,064)
**Resources**
**expended**
**£**
(168,294)
-
(168,294)|**2023**
**£**
67
261,729| |---|---|---|---| ||||261,796| ||||**2023**
**£**
5,760| ||||**Balance at 31**
**December**
**2024**
**£**
809,277
100,000| ||||909,277| ||||**Balance at 31**
**December**
**2023**
**£**
799,945
100,000| ||||899,945| The specific purposes for which the funds are to be applied are as follows: Designated funds are unrestricted funds but have been set aside for insulating walls, upgrading the heating systems, and installation of solar panels and charging points for electric cars. Page 15 ## **Heaton Place Charitable Trust** ## **Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)** ## **14 Analysis of net assets between funds** |Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
632,734
283,249
(6,706)
909,277
**Unrestricted**
**funds**
**General**
**£**
643,406
262,299
(5,760)
899,945|**Total funds at**
**31 December**
**2024**
**£**
632,734
283,249
(6,706)| |---|---|---| |||909,277| |||**Total funds at**
**31 December**
**2023**
**£**
643,406
262,299
(5,760)| |||899,945| ## **15 Related party transactions** There were no related party transactions in the year. Page 16 ## **Heaton Place Charitable Trust** ## **Detailed Statement of Financial Activities for the Year Ended 31 December 2024** |**_Donations and legacies_**
Appeals and donations
**_Charitable activities_**
Rental income
Laundry charges
**_Investment income_**
Bank interest
**_Other income_**
Other income
**_Charitable activities_**
Estate administrator - salary
Council tax and water charges
Electricity charges
Gas charges - Pavilion
Insurance
Rent and maintenance of Colwyn Careline
Upkeep of grounds
Repairs, maintenance and decorating
Refurbishments
Telephone charges
Printing, postage, stationery and advertising
Sundry expenses
Social Activites
Bank charges
Depreciation of freehold property
Depreciation of fixtures, fittings and equipment
Accountancy and independent examination
Other services
Trustees' indemnity insurance|**Total**
**2024**
**£**
177
177
164,583
1,555
166,138
2,856
2,856
225
225
(22,252)
(9,236)
(2,862)
(334)
(6,894)
(84)
(21,794)
(21,201)
(54,847)
(705)
(30)
(1,415)
(2,046)
(60)
(7,597)
(4,355)
(2,568)
(252)
(1,532)|**Total**
**2023**
**£**
354| |---|---|---| |||354| |||159,577
2,928| |||162,505| |||3,176| |||3,176| |||10| |||10| |||(18,500)
(6,981)
(2,974)
(500)
(7,009)
(108)
(27,113)
(24,893)
(61,052)
(540)
(145)
(194)
(1,547)
(221)
(7,584)
(5,123)
(2,598)
(252)
(960)| This page does not form part of the statutory financial statements. Page 17 ## **Heaton Place Charitable Trust** ## **Detailed Statement of Financial Activities for the Year Ended 31 December 2024 (continued)** |**Total**
**2024**
**£**
(160,064)|**Total**
**2023**
**£**
(168,294)| |---|---| This page does not form part of the statutory financial statements. Page 18 ASTON HUGHES & CO Our ref. DRIDB/H02£HARTERED ACCOUNTANTS CYFRIFWYR SIARTREDIG 31 October 2025 Ms H JaJn¢s Heaton Place The Estatc Office, Hcaton Place Norton Road Rhos on Sca Colwyn Bay LL28 4TL DLar Hayley Re: Accounts Year Ended 31 December 2024 Pl¢ase find ¢n¢losed two copies of the final accounts for the ycar cnded 31 Deccmber 2024 Wc have been utjable to verify the ba1￿ce of the Shawbrook bank account to supporting documentation. and as a result we should bc gratcfiil if as part of the procedure of approving the Fin Accounts thc Trustees sign the d¢claration to wnfirni that you have read and approvc the follo￿ing rcprcsentation5'. You confimi t]iat the Shawbrook acci)unt balan¢c is faj'rly stated in the Accounts as at 31 Deccmber 2024 at £86,195.81. The Trustee's have reviewed the representations above and attached documcnts and confirni that they ate happy to approve the Accounts on this basis. On beh￿rOf the Trustees of the Charity Oncc the Accounts hav¢ been approved, could you pleas¢ r¢tum a signed copy to us atong with this letter signed by one of the TrU8￿c,s. The rem￿nIng signed copy to be submitted by yours¢lv¢s to the Charits'es Commission tog¢th¢r with the Arfftnua] Rcturn by 31 October 2025. Kind r¢gards Yours sincercly d To/m T 01492 W￿l￿,fi 01492 531686 E info@astonhughes.co.uk Re￿￿erE￿ Office.. SeltyTuwpT5. 29 Prince5 Orive. cO￿n bay. North wal￿ iL29 SPE Offitel also at AberEele. HDlyhead. Denbi8h. Mathynlleth & Oswe5try Aston Hu8he5 & Co 15 thè prattiting name ol Aston Hughe5 Limiied- Registered sn En8land & Wa￿5 08668456 Diredors- Andrew D. EraSmuS BSC. FCA. fjawh L. Lowe Bst. ACA. R¢g&uoJto(arryon3th*w￿klTr￿￿¢uK ?ndwkntedfora ￿r￿e0fJ￿Veslrf bu￿e￿￿thbvtPÉI￿&$tstut¢O1ch￿rterEd*£Co￿1n En8and3ndW4Ès. ICAEW CHARTERED ACCOUNTANT5