The Helltk e¢HdmPstelldSoiiety Registered Charity No.. 281782 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FISHER PHILLIPS LLP Chartered Accountsnts
THE HEATH & HAMPSTEAD S¢XIETY LEGAL AND ADMINISTRATJVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees Idurin9 the year ended 31 DÈ¢ernber 2023 and thereafter, until the date of approval of these financial statements) Lord Man M HLrtchinson M Clark-Darby J Beyer D Casye L Austsn F Harding V Harding A Haslam-Jos J Learmond-cnqui R Linger T Radice M Raman Prof J VV4ge J Weston Regist8r8d charity number 261782 prtnctpal place of business PO Box 38214 London NW3 1XD Accountants Summit House 170 Finchley Road London NW3 6BP Bankers Uoyds Bank p CCLA Investh)ent mageMent Senalor House 85 Queen Vicioria Street London EC4V 4ET
THE HEATH & HAMPSTEAD SOCIETY CONTENTS Pages Tnjstees, ReFort Independent Examinerfs Report Stslemenl of financial activftieg Balance sheet Notes to the financial stslements 9- 11
THE HEATH & HAMPSTEAD SOCIETY TRUSTEES, REPORT The tmslees present thèir report tO98ther with the nanCIal statements of lh8 SocEly for the year ended 31 DÈYember 2023. The financial statements have been prepared in accordance wth the 2Lcounbllg pdics s&t outon pages 9-11 and compWwth applicable law. Constitution and governance The S(Kiety Is an unincorwraw association conststuted under its govetniro document, the Swety's ¢onstilut)n, adopl8d on 19 June 2012. The Society$ su0mmtees are regulated by a serEs of bye4aws. All signfficanl declonS att"n9 the Swiety are taken by the GenÉrJl Committee. which meèts everylwo months. TrLEt8es Ilhe members ol sOcty's General Committee) are mostly d8cted. Scffle ara ele¢ied for three-year terrns at the annual gsnera rneeting. The offir$ (President, Chair, Treasurer, Secretary) are élected annually 31 the annual general meeting. The the Vi¢e- Chairs (the chairs ol the Societls three perrnanent sukommitteesl and the SIety's representative on the statjtory City ol London Hampsts Heath Consuttative Commrttee are apwinted by the trustees. The trus occasionally appoint other persons as trustee51o fill temporary VancIeS on the Genepl Committee. The maximum pem]itted number ol trustees is 20. New trustees a given the current Charty Commission guidance on trusteeship and have a discus about their outs' with Ihe So¢iety's Chair la soiicitorl. Most of the trustees are have bn Iwstees 010th charities. The trustè8$ nam& under Legal and AdminthtFve Information have Serv as detaikd. The Society d$ not employ staff and none ol ts tW51ees or sutFwmrnitt* membets is remunerated. Al the ¢haritable wod< of the S¢KietY is perfomed by volunteer5. Chaiitable objects The objects ol the Society are," 1. To preserve those part5 of Hampstead Heath which are Subj to s.16 of the Hampstead Heath Act 1871 in their wild and natural state. and also to presenfe the natura and characteristic fèature5 of the other parts of the Heath, lar as is Gonsistenl with their enpymenl by the public., 2. To prtsmote and maintain the amenities and ¢h3racterist'cs of the environs olthe Heath, and ollhe buildings and streets of Hampstea.. 3. To promote public interest in th& study of natural history, conseNation ald the history of the a38 referred to in 1 arKJ 2 above. Main actiVe$ The main acti¥e5 olthe Society in relation to 115 objects Iby reference to the numbered obftGtsI have been as fdlows.. 1. The Siety makes fegulai representations lo the City ol London Cotporation in several fotums ¢on¢eming the Conser.0 magernent of the Heath.. the Hamp51ead Heath Consuktive Committee and the Hamp$teI Heaih Sports Forurn. The Societls Heath suCoMmittee undertook inspeGtion walks ol difEerenl parts of the Heath, xcompanied by Heath st8tf. lo monitor the conservation ol the He8th. The SOcty is also repr&ted on the Hanpstead Heath Man4emènt Committee, the statutory bY which manages the Heath on beha of the Cty. 2. The Society conlinu&l to parbupate in thè preparal'on of various draft policies to be pr0Muated under Ihe Cty ol Londm Corporath)n Iopen Spaces) Act 2018. 8 prvate Act lor the better wulats.on of the City's Op spaces. includiThJ Hampstead Hèath. Parbcipal'on included eetingS th the City and stakeholders for discuwon on policy and actual drafbng. The Society continued lo work with the Cityto idèntrfy the exists'ry preferred nestiry arèas ol Heath biids and to fomulate a strategy for rubbish recycling, and the hugh increase in visitor numbers following Ihe Covhy pandemic. The Chair and mgrnber5 of the Heath sUC0Mtee met regtslarlywith Ihe Superintendent of the Heath to monrtoi discu all operational issues affeckn'ro the Heath. P8ga I
THE HEATH & HAMPSTEAD SOCIETY TRUSTEES. REPORT Main a¢tNities leontinuedl 3. The Souety has continued lo gJpport Camden Council in relation to ongoing and successful enfOrment tion over the erection of Unlaul Struthres allhe South Farground Site IMOLI atthe va ol Health. 4. The Society ViewS and comments to Camden Council on signrficant planning applications in HarDpslead and on the fringes of the Hèath The Soiety opposes inappropriate development and contributes financially to, and in w £dlSOry or expert role at. planning peals, espeoaly those involving a seriously harrnlul developtnenl or one which involves the setb.ng of a hamfijl prdent. The Society is in constant con with Camden Council in relatn to pla)ning. development. conservation and traffic issues. The Society also assists residents and other5 in OppOn9 inappropriate licensing applicat5. typically for ertwded alcohd IenCeS. The Siety canpayJns in support of local independent shops. and ru the Hampstead Card scheme forth8t purpose. 5. The Society was a leading and su¢£essful objector in 20L to Camden Counal las the local planning authortyl in rel8b.on lo the redevebpment ol a large builderfs yard knobvn as Murphys Yard at Gospel Oak on the southéastern tip ol the Heath, an oversred residential and cofflmercial development with no green Spa of ts own, indudiny high nse lowers which woukl have bbcked important and historic Vie from and lo the Heath ènd cast shadow over parts of the Heath in vllnterlime. the application forwhi¢h was wthdrawn by the developer. The Soaety conb.nues to provide adce and suggest Isome ol it expertl lo the developer and Camden Council on the type oldevelopmentfor the which Uld be aG(Eptsble. 6, The Society conb.nued lo support a campagn to prevent the demolition- Mryth a view lo the nStrUction ol high-rise luxury fiat5 - of Queen M3W5 House, a former matemty hospital on a large 5its on the edge of East Hampsteaj Heath, presentsy owed by the RDya Free Hospital. This campaign succeeded in earty 2024 when the loca planning authority resolved to PVentfUtUre demolrtion. 7. The sety organised monthty public edu¢'onal walks on the Heath and publithed three n&vtsletters. The SoCty continued the heme for the erectll olcommemotalive plaques on Hampstead buildings. 8. On 25 May, Jusbn Roatt Climate Editor. BBC, gave the Inaugural Hunter Davies Lecture to SOcty members and the public, at fijll Rosslyn Hill Chapd, ent.ded 'Clirne Change- a rewjrt from the fronyine The lectu was streamed live lo sety members and 9. On 28 Septemberthe Sooety hosted the nua Springett Leth given by Jonathan Meares, the Cty of London's Conservation and Trees Manager foi the Heath, at Rosstyn Hill Chapel The lecture is fijnded by a legacy from the late Kate Springett, founder of the Marylebone Birdwatching So(Aety. The lecture w enknued 'Hampstead Healh and Climate Change. and strearned Iwe to Souety members and the public. 10. Originally held lo mark PUbl1Y the sesquIntenary ol the Hampstead Heath Act 011871. the Act of Padiamentth saved the Heath lor the nation in perpetuity. the So&ety hosted a repetition of hyo spe¢i?l events in the SMMer01 2023.. 8 free krte-flwng display (with the 'te Society of Great 8ritainl on Parfiament Hill Isomelirnes known as Kite Hill) and a live, free public concert on the Heath. called the Natural Aspect Concert lin reference lo the Society's first charilabie object and the language ol the 1871 Act) and thi¢h atmed a record 1,500 audience. The purpose ol the events was lo draw public attents.on to the signn1c3n of the annwer5ary ol the Ad and what il ha5 hVed in its 150 year5, to encouwje more wsitors to the Heath and lo make all Sttor3 awa ol the Hetlh's ifflPOTtsnce as, arguably, London'5 greatest open spa, and to edueate them ah)ul the need for ils continuing proteth"on. 11. In September, the Souety organised the relum ol graang Sheep to the Heath Ilaslseen 2019, before the pandemic). 12. The Swety continued its project ol a ch8nging display of fwr series of large infomation bo8rds on the tringes ol the Heath educating vrsiiors, in a seasonal contert aboulthe Heath's wildlife and bitsjiversity and the need fortheir protection. All such actiV.e$ were lor the public benefft. The tharity does not have indmdual nerlaries. Pa9e2
THE HEATH & HAMPSTEAD SOCIErY TRUSTEES. REPORT Main achievements Apart from the a¢bvilY&s dwribed above, Ihe Society's main *hievements for2023 have been". 1. The ¢onb"nued infiuence on Camden Council in relation to the proper application ol ils own and lo1 neighbourhotsj planning poIic4es. 2. The contsnuab.on of a photraphIC compeb.tion #myharnpsteadh&ath which has atracted well Dver 7.000 entries. Winning entries have appead in the local press. One purpose ol the ¢ompeb"lion is to promote awareness of the Heath and its importan. 3. The obtsining ol various tree preservab.on ordets within Hampslead and Successful enforcement action in relation lo unl31 tree-felling. 4. The ntinued improvement Df the Souety website. wlh related Twttter, Facetook and Inst4ram links for the Souety, conkining among olherthings. an inleract.ve and educab.ona map. accewble via an app. ol Hampslead Heath. S. Thg continued Mlh the church authorities to restore the tomb ol the att'st Constable in the churchyard of St John-at- Hampstead. 6. The Sooety supwrted the successful reatiOn of a fomier pond on the Heath at Branch Hill, known as 'Constable's PoTrl' l)ecausp the original featured in one of his Heath painbngs. Plans forthe future The &uety, In wew of their success ar popularity, in 2024 also continue to host the Kite Display and Natural Aspect Concert Is8e above) and arrange Ihe retum ol grazing sheep to the Heath for an extended period in September. The Society wll mntinue to resist a new application lor a rffiCate ol lathl use in respect ol the Norih Fairground Sik IMOLI al the Vale of Health, where Ihe owner seeks permi%sion from Camden Council in effectlo operate the gle as a comrnercial raVan park. The Sooety will also host the second HLJnter Dawes ledure, Whe Ihe speaker Mll be Tudur Allen, the Local Studies and knhives Managerforthe Borough of Camden. Resetves policy The Sc¢iety's policy on reserves is as follows.. The Swiety mainlwns reserves to Ver appr0matelY one ha11-yrf$ expected annual eyendilure, iogetherwith funds to enable illo pursue ils objects as descllbed above. There a no funds in deficit. Assets as custodian trustee The holds no assets as DJsiLkJian tnstee apartfrom rtain pubiicalions and local paintings forsale or resale. PaJe3
THE HEATH & HAMPSTEAD SOCIETY TRUSTEES, REPORT Finan¢ial review The Instees are Satisfi wrth Ihe financial perfornian of the Society in this year. Principalnsks and unc&rtaintffes The Iruslees do not loresee any signfficanl risks lo the Society or its operations, or any particular uncertainties facing it Al the end of 2023, the Sc¢iety's membership stood 812,09912,062 in 20221, ol whKh 5641540 in 20221 were life mnber$. The rk ol the SocEty could be adversely affected by new or changed govemmenl legislation or poliies, al nalH)n81 or local level, bul the SIKiety is not presenlty aware of any such legislation or policEs. The Society onty excepb'onally enters into fvture financial comtnilmenls, wlh the result that il ts always able to control its day-104ay expendilure to keep it, lor pracl'cal putposes, wilhin the SocEty's 8etual 2nd anlicipaled income. Going conc8m The financial ststernents have been prepared on a going conrn basis. Sumrn8ry offjn8nualperform8nce The Society incurred a nel surplus of £3,058 during the financial year 2023. The main reason for this surplus was the bequest lo restricted funds from Jenifer Ford, resulting in a fund of £2,280. There was net income lor the year of £914 in unre5tn.cled funds, and nel income of £2,144 in reslricled funds. Included wlhin the nel surplus was an unreslricled funds 1055 on the Societys investrnenl of £104. The decreased gross expenditure is due tr) Ihe Society not having to incur legal costs in 2023 in relalK)n lo lin$Ing applications. The Society receives its funds from membèrship subscriptions, donations, legacY&s, organised walk contributions, lectures, appeals, fund-raising soci81 events, deposit inler8sI, and incotne from its investments. A portK)n ol these funds appld in meeting the administrative costs of the Society. The major part of the balance is spent on producing a newsletter three b.rn a year containing aitides aLK)ul Hampslead and Hampslead Heath, and on legal and other professional fees incurred in wnnection vAth the Society's c8mpaigning activit$. Al the year end, the Society h8d nel assets of £60,341. £33,673 was held in unrestn'cted funds, and £26,668 in reslricted funds. Society ppareS cash fiow and budget projections annually. These indicate the Society Can rneel its liabilthes for a period of not less than 12 months from the date ol approval of these proieclions by the trustees ol the Society. The Iruslees of the Soc*ty rnonilor, on a regular basB, its liquid resources, cash and bank balances, and general administrative expenses. The Societys costs are bghdy controlled. AcGounting policw and future outlook The Scriety reviews its accounting policies annually. 11 is the wew of the trustees of the Sothety that no ch8nges to the current polic$ are needed. The Iiuslees are not are of any specrfic factors likeiy lo affect the financial perfomance of the S)ciety or its posEtv)n going forward. P484
TrrE HEATH & HAMPSTEAD SOCIETY TRUSTEES, REPORT ICONTINUEDI Statement of trustèes. responsibilities The Iruslees have referred lo the guidance eonlained in the Charity Commission's general guidance on public benefit Vwhen reviewng the airns and objectives and in planning lulure aclivilies. The law applicable lo charities in England and Wales requIS the trustee5 to prepare financial slalements for each fin8ncial year which give a true and fair view ol the eharily's financial activities dunng the year and ils financial position al the end ol the year. In preparing financial statements giving a true and fair view the Iruslees should follow best practice and.. select suitable accounting policies and then apply them consislenlly, observe the methods and principles in the Charities SORP FRS 102, make judgments and estimates that are reasonable and prudent, slate whether applicable accounting standards and slalemenls of recommended practice have been followed, subject lo any departures disdosed and explained in the financial slalemenls, and prepare the financial statements on a going concern basis unless il is inappropriate to presurne that the charity will Gonlinue in opÈr81ion. The Iwslees are fftsponsible lor keeping accounting records which disclose with reasonablè accuracy the financial position of the charity and which enable them lo asrtain that the financial slatsmenls comply with the Charities Act 2011, the Charity (Accounts 3Trd Reports) Regulations 2008 and the provisrons of the charty's conslrftulion. They are also restK)nsible for safeguarding the assets of the charty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees on 20 March 2024 and signed on their half by'.- Marc Hutchinson Chair Maur en Clark-Darby Treasurer Pie5
THE HE4TH & HAMPSTEAD SOCIETY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HEATH & HAMPSTEAD SOCIETY I report on the accounts ofthe charity for the year ended 31 December 2023 which are Sel out on pages 7- 11. Respective responsibilitlès of trustees and examiner The charity's Iruslees are responsible for the preparab'on of the a(tounts. The charrtls trustees consider that an audlt is not required this year (under section 144121 of the Charities Act 2011 (the 2011 Actll and that an independent examination is needed. It is my responsibility lo.. examine the accounts (under secbon 145 of the 2011 Acti follow the procedures laid down in the General Direth"ons given by the Chanty Commissioners (under section 14515llb} of the 2011 Adl,. and state whether particular matters have come lo my attention. Basis of independent examinerfs report My examinabon was carried out in accordance wlth the General Directions given by the Chaty Commissioners. An examination includes a review of accounting records kept by the charty and a comparison ol the accounts presented with those records.11 also indudes consideration of any unusual items or disdosures in the accounts seeking explanations from you as the trustees COnming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'lrue and fair view. and the report is limited lo those matters sel out in the st*ment below. Independent examinerfs statement In connection with my examinab'on, no matter has come to my attention.. which gives me reasonable cause to beIve that in any material respectlhe qUireMentS lo keep accounting records in accordance wrfth section 130 of the 2011 Act,. and - lo prepare accounts which accord with the accounting records and comply wtth the accounting requirements of the 2011 Act have not been rllel., or to which, in my opinion, attention should be drawn in order to enable a proper understsnding of the accounts to be reached. 21 RpgL Philip Sykes for and on behalf of Fisher Phillips LLP Chartered Accountants Summit House, 170 Finchley Road London NW3 6BP Dated 20, March 2024 Page 6
THE HEATH & HAMPSTEAD SOCIETY STATEMENT OF FINANCLAc1TlEs FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Totsl Restritted unStrided Incame from.. Subscriptions DonaborÈS and legacies Investmenl income and interest ts1¥3b Totsl income 26,329 7.949 2,997 26,329 10,229 3,997 27,651 12.599 1, 156 2,280 1,000 3,280 37,275 40,555 41.406 EKpendr(U on.. Ch aCte$. Town exFÈnditure Hè8th expenditure Website and IT expenditu Newsietttr Administral*)n expenditure Independent èx3rninab.on f Membership promotion Charitablè donations K8le Springett Legacy 12,9061 (12,5001 11.3571 (75.7201 11,6101 11.80QI 12,0331 14.3661 116,2621 112331 12,0401 15,9081 12,0331 14,3661 116,2621 12,2331 12,0401 15,9081 18181 13181 133,8601 12,39n 134,9961 141,1901 C4)sts of generabng funds 12,3971 11,5841 Totsl èxpend&ture 136,2571 137,3931 142,7741 Net incomel lexpetmtiturel before other recognised gains and105$e$ 2,144 1,018 3,162 Netgaw51 Ilossesl on inv8Stments 11041 1104 f2591 Net incom¢1 lexpenditurel forthe year Tiansferbetween lunds 2,144 914 3,058 17,6271 Netrnovement in fund3 2,144 914 3,038 (1,627) Reconciliation olfunds Tota funds brought lornard al l January 2023 24,524 32,759 57,283 58.910 Total fund5 rriEd foNRrd at 31 Decernber2023 11 26,668 33,673 60.341 57.283 All Incoming resources and resources expended derive from tntinUIng acbvilies. The statement of finawial a¢tN-es indudes all gains and I0eS recognised in Ite year. Page 7
THE HEATH & HAMPSTEAD SOCIErY BALANCE SHE AS AT 31 DECEMBER 2023 2023 2022 Notes FIXED ASSETS Investments 4,305 4,409 CURRENT ASSETS Debtors Cash al bank and in hand 2,031 93,362 531 103.424 95,393 103,955 CREDITORS Amounts failing due within ong year 118,8721 f29,8361 NET CURRENT ASss 76,521 74,119 TOTAL ASSEfs LESS CURRENT LIABILITIES 80,827 78,528 CREDITORS Amounts falling due after one year 120,4861 {21,245J 60,341 57,283 CAPITAL AND RESERVES Restn'cted funds Unrestricted funds 11 11 26,668 33.673 24,524 32.759 60,341 51,283 These financial statements were approved by the trustees on 20 March 2024 and were signed on their behalf by.. Marc Hutchinson Chair Maureen Clark.Dar Tasurer Page 8
TFIE HeATH & HAMPSTEAD SOCIETY NOTESTO THE FINANcL STATEMENTS FOR THE YEAR ENDED 31 OECEM8ER 2023 1. ACCOUNTING POUCIES 1.1 A¢¢ounting ¢anvention The finanual statements have been prepard In XCOrdan with AcixJunlin9 and Reporting by chw11.. Slatemeni ol Recommenl Practice appIlble to Chariti prepwing their awounts in acmrdaftce ¥th the Fin¢181 Reporbng Standard applKable ift thp UK and Republic of Irdand IFRS 102- effective 1 J8nuary20151- ICharib85 SORP FRS 1021. The ch8nty tneets the definition of a public benefit entriy under FRS 102. Assets and liatw'lilies a inthally rewni%ed al htOric cc6t Iiansthon value unloss olherwise5ts1ed in the EvantaOnng policy ornote. 1.2 Going cotttsr The trust Considerthatthe no malerd Un¢ertaiTrI 8boul the charivs 3bilty lo ¢tinu8 a gryng 0)nm. Thelwstees do not con$iir Ihal there ¥e any sourw of estimation UnrtaInty al the pOrting dale that have a risk of v$ing a material 3dju3lmentlothe ryIng amounts of assets and liaLNlilies vitlhin th8 n9Xt ierthng Feriod. 1.3 lTrcome Income resource5 cofflwse membership sub5CriPbons, donatons, £¢le$, wganised ¥Yalk contribution$. appeaLs. fvnd-raising srKi events. dew>sil inte$1 and income from it5 inveslmenis Income [nised Y4hBn the charity h85 enlitkmenl lo the fvnds, any FOrman ¢ondibon5 attathed lo the hav8 been mel probablelhatlhe income receiv8d and thalthe atnouTrtcan be measured rel18y. For183aues, entstlrnt 6 taken * th8 8artter ol the dat8 on which &ther.' the charity i$ 8¥¥? that probate has been grantsLI. the tate h& been fin8lk8ed and Trotific81ion h& been rnae by the exe¢uiorl51 lo the charity th a dKsthbution wll be made. orwhen a distribLrtton i% r1Ved frotn the estsle Re[pt of a legaty, in whole or in part, is only ConSer probab when th8 amount can be wsured reliably and th& tharity has b8en notifi ofthe exewtorfs intention to fflake a dtstribubon. Where Ia¢1 have been Dthfi8d to the charrfy, or the charity is 8W8r& of the gr8nb.ry of piobzle, and the )iteria for In(x>e rn"On have not been met the kg&y a treated as a cAtingentaSseIsnd dis¢losed if m81eri81. Th8 Sc¢iety retsi$ lrfe mwmbershipsubscriptions. Th$ InMe is spread ov¥ ten years from Iheyear inwhth it isfirstrec8ivth. 1.4 Oonations of grfts, serve5 and facil¢$ Donated grft5, piofe55ionJ serviGes and (bn8led laolth"&% are r8cffjnised as ine when the thaity has omlrol over the item or f¥eivgJ the seN1, any conditions a5$0¢A8ted wilh th8 don3tk)n have been tn81 the ISp[ of ecMomic b8n8fi1 from the use by the chzrity of the item ts piobaLI8 3nd Ihat ewnomic benefit c8ft be measured rèliably. In accord3nc8 with the chaith.es SORP IFRS 1021. volunteer time k% not r8COgntsed. On reNpl, donated grfts, professioftal se[Vi and donat tsci1tr5 8r8 recognised on the basis of the vaue ol the gift to the chartywhich is the amountthe charitywould hzve en wlliry to pay lo obt3in services ot faoli18s of 8oui¥enl 000m benefit on the oren martel". a Qjttesponding amountis then rewni%ed in expenditure in the period of r8(xipt 1.5 Interest receNable Inlewl on fvnds heKI on dewsil is induded vthen rEcable 8nd the amount(sn L MeasUd reiiably bythe tharty.. this is nonmally upon notifir3tyon of the interest Paid or Yable bythe bank. 1.6 Resoor¢es expended Resouiw expended are included in the Statent0ffinan¢ial activities on an acuu£ls 8$. iKlusrR ofVATwhteh cannot be recowed. Certain expènditure directly attritwt3e tOSP8cffK ch8rit8tre ac11veS and be in¢luded in thosecosl legles. Direct9xpendituie in reswtoffunO-raK%ing and governan is shown sep8r31dy. P8g8 9
THE HEATH & HAMPSTEAD SOCIETY NOTES TOTHE FINANCNL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2023 1, AeCOUNfiNG PCLICIES ICONTINUEDI 1.7 F¥nd at¢ounting Unr&8tri¢ledlund5 Comp88 98neral funds wh thelruslees arefr88 to use ID aClJNd8nW1lh the charitable objeGts. Restricted funts are fundsvthich have been given for pular projects. Th&58nIS are representa by atb8nk. 1.8 Investments Unlisted inwlments are staled ai mathet valueatthe baanca she8tdate. The St81em&NI ol Finara Activities indudes the nel gains and losses arIng on ValuationS throughoulthe yeJ. 1.9 Debtors Trade other debtors 8re at the setdemenl amnI du8 after any tradè dunt offered. Prepayrnts are Val at the afflnI prepaid nel of Ytraed1$(J)Unts due. 1.10 Cash at bank and in hand Cagh at bank cash in hand includes cash and short term hwJhty fiquid inveslm8nts with a $hort maturity of three manlhs ltts from the date of acqui4itw)n oropening of the depositor sitniL3r account 1.11 credor$ and provisions Creditots prov105 a recogn&sed Whe the charity h3$ a pw8TrtOb1atiQn resulting ftorn a past eventthat wll probably wuFt In the tr8nsf8r of funds 10 a Ihird paty and the arnount due to settle the ot¥3b0 bè rne8sui or 85b'fflata lldy. Crethlor5 provi4k)ns a normally rQOn1$4 thwrseiuementJrDunl after allowng for anylodè discounts due. 1.12 Reserves The Socpty maintains reserves to cover one haw yearf5 8XFect&Y annual exp8ndthre and funds to 8n8bk it lo pursue its ch8ri18b 1.13 Financial instruments The thanty only has finanual assets and fin8ncial liabililies of a kind thalouJlrfy b8siofinanoal instn5ments. B&ic financial instrurnents are initialy enited at Iransacbon value and 5ubsequenlly mured 81 their seitl8tnenl vale ¥Mth the exception of bank loans whh are subwvenlly m8a5ured ai amOrted o)stusing thè 8ff8Ctive interestmethod. 2. INVESTMENTS Unlithd inv&trneftts consi51 of units held xi The Equth"es Inv&slrnenl Fundfor charit ICh3rfjurnJl. MarfKetvalua¢ion Al 1 Janu2ry 2D23 Netinve5tsnenlg8inlllossl At31 D9MbaI2023 4,409 11041 4,305 Htoric c051 372 3. DEBTORS 2023 2022 Donations Other d8btors 1,500 531 2,031 4. CREDITORS.. amounts falling due thin one year Annual subsuipiions paid in *vw¢e Deferred lrfe membership sUbsGriPtnS Attruals 2,335 1276 14261 18,872 3,320 2,361 24.155 29.836 PwJ810
THE HEATH & HAIIPSTEAD SOCIETY NOTESTOTrIE FINANCIAL STATEMENTS ICONnNUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 2Tr23 cREDOR$.. amounts lallirvj due aft¢ronèyear TDtsi defeff life bership sub5cnpbons Less fallw (Sue W11n ))e yeai 2022 td,762 12,2761 20.486 23.8A15 12,360) 21.245 Deetred for knand fjvè y8ars Defeed for mDr£ tn five year5 9,106 11,380 2D,486 9,443 11,802 21,245 SUBSCRIPTIONS Mernbers. subscriptiors attribU18eo the currentyear &flJknd recoverable on cUrrenlsuts¢pti0ns 19.985 19,836 1.815 2T.65f 2fj,329 INVESTMENT INCOME ONiOends Geived from unlislEd investrnents Gross Interestreceived froffl tssh deposits 257 3,740 3,997 254 903 1.155 COSTS OF GENERATING FUNDS CMven1r and ndUcn9 the annu819eneral meeting 2.397 f.584 STAFF COSTS ANO TRLtSTEE& REMUNERATION Thesociety does rKil employ $t3ff thètru5tees are not remunerated. 10. ¢ONTROL The ClOty is underthe control of the Iwstee5. 11. FUNDS Incoming I[C£S Resour expended Investm8nl At 31 Dec2023 31 Dec 2022 Restri¥ed re5eNes: Kale Springett Le93ty Jenrfet Ford 8uest Unrestrict reseNÉs 24.524 24,388 2280 33,673 60,341 2,280 37,275 40.555 32,759 57.283 136.25n 137,3931 11041 11041 Kat¢ 5pringett Legaty This refve ts lorlh& protection aTrd preseNalion ofwld bird lrfe on Mamkbtead Heath. J¢nifer Ford Bequest This weTve, cre81ed from the safe of P8ititing5 beque81hed tD the Swiety by la Jenrfer Ford, is for the wOn of a memorial bwch lo J&nrferon Heaih. 1th the extsss fvnd5 to be donated tothe gener81 pvrwse5 of the SouÈty. 12. RELATED PARTYTRANSACTIONS During the r M Hutthinson don8led £1,393 3nd J W8Ston donated £1,400 to Charity. They are i¥)th trlee$ olthe Charityand thereWe no restgtts lothesedonation. There were no othertr3Ctrons *ith anytrLofffte rth8rity Page11