Chavty re9ation numbèr278891 {EngL7nd arKI Wales) Comparby reswstration number 01227745 WEST HERTS CHARITY TRUST LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
WEST HERTS CHARITY TRUST LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustoos And Oir8d¢xs RKth¥td Mirhi * Mathew HuWrey5 K Mthad Hurythreys Paul Kthl Charlty numb•r 278891 Company nurnr 01227145 Registered offic? FitFk g) The 8>•j%ay Cheth 81rathIre HPS 1EG Audltor DIc*irtsS Charfered knowtants BrJrth) H(jS• Fw5t Fi hesF¢m B18nlre HP5 1EG Bank818 31 Cwuer Str981 Sl Ab3n5 AL1 3YN
WEST HERTS CHARITY TRUST LIMITED CONTENTS Pa98 Indedent 1(05 tewt ststemenlaffffi8rKial artMiEs Nota$ lo th8 fnarKi8lsial8fttÉ
WEST HERTS CHARITY TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JULY 2024 TrustO•5' Annual Rwrt Iruste8s and direck)rs pr8senl lhruaI repNt Ir¥J8trw lh8 audrfedf8r1al su9tnts br Ihg yo¥end 31 July 2024. Thè finanual statements hav8 beEn prepar1 in Yhith the C(xnpaNpsAtt 20rkn, the chae9 Act 2011. as 8rnended bs. Ihe Chantres AEt 2022. the Arbdes A551()n aThJ AoEouDb"ng REPDTtin9 by Ch8rthes'. Suqtement ofRecoTrYnerfed FY¥ctre aWtstr4eto charths Fryariig trwr 8c¢ounts n a¢cordarte with the Financial RewrtirvJ Standard applcatrAe n the UK an¢ RepuLqK of keL4nd IFRS 102.1 Trms reFX>rt is a0 a directors, report a5 required by the Compaiies Act 2(th. aszl tAeS aredYeAtyS. Objo¢tivg8 and a¢t1¥s Th8 trustees and direcbrs have pad du8 regardk>gLlda bythe Chatty Com1510 in d&¥ling what aGh¥itS ihe West Herts Chanty Trust Limrfed undertake. Trt trustees cons¢¥ ihat Ihe Chty ex$ fvihe wrpyse ¢4 the ktal benefrtwthin Hertrd$hye 8ThJ surrounding islricts as defined in S6CtI 4 oflhe Chaiibes A¢x 2011 as afneed by (X4ritiesAct 2022. obj6ctis arè". lo ath<ance gJuoon for the wbbG l[rt bylheayatd of wan15 atwjlhe offuIng to stvJD& c¥Jlbg85, unDiewties ar othw edu(2tk)nal eabS%knents sc 85 10 repw. supptyt the repL8Me of. fring required lo be by 5tatulrKy autlwlv8SI • bythg ward of grants. S¥$hi9 bSaS 8n¢ rn8inlgna aloances to pupils or 5tLKlpnls attetMAtW scIL c29e. Nerty oroltsr e31)nal establishments.. 10 prtymoie road saftly for berth Dfthe W¢. the eTr¥efKyand trffe¢tr¢w ofththe8 by lh8 PIOvi5th ofsurtable vetrldes. trStlAlltses. 9rant8 or hlovements and perfomiaKe During the year the tharity conbnued to tnake donalK)ns of vehKJes adapted to Ttet Dd5 ofiixzl desetving causes. In thè y6ar thB Charity me 1212Q23. 111 su¢hthwiti)s. fin¥thJ 98Dèraied through lh8 ital of ¥esltn8nt ptDperbe8.'hich have lo (xder Ic Maxi current and fulure renial I0e frotn Ihe5e assets suppèmenled In eerf•n cases byway of paralw triliOr6 fron benefioaries The TSlee5 intend lOc(e toraise itKxJrne thrDUgh the kntitvJ nVes1n toenatAe Ihe support of loral cheribes. Future Developmerrt and Strate The chanty InleThl$ to conbnue Ils mBsion in 0v).g bettercessItyto grryjps in need. The key Strate gtyng forward to ensure rental prwrbes retnan fuly Ir)en5we sufficipnl nfkyof h. Flnn¢l81 revlow $18temwi of FInra4 ActMls th8 wr setart tsi pèJe8 ofthe ¢crfJnts. Thp res1 for the year is a suryAusE522.341 12023". £13,644 defKit} This irKludes a £470fMIO gaN ID valup rfthe investm1 proparty othned by tha ¢haiity. The Trustees wlder regJMf(rf ye8r 10 b& salL%f8ucry and in Ir with &X)ecIabty. Unreslncted res$ amwnt to E4.132.01012023'. £3.fy)9.6691 £2.855.83512023'. £2.385.B351 rdates to lgvaluation reserve. Re$•nT•¥ Pollcy Thè TrusL6e$ have 6StatAtshed a buld w unrnstrthd reser a to Supr the chatdy's wre &ylIura for a minirrum ol fwdve mtr)If6. Ths ofr8swves has been Maint trrfwoul th& year.
WEST HERTS CHARITY TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Stru¢turg, govomanu al manawgn¢ West Hert5 Charity Trust LiTnrted Is a CO[np Imit by yuaratsear a register1 £harity. fflanaged by an eed Cixjnthl. and s8t up dra Ttust thsd datsd 25 srTOr 1975. rnanag9tneDI of charity is IhF reSpOblty of IrusteES aTp ¥so ¥p)inled th¢[$ Dfth8 tpany. New trustees a wpohiledon the reCcfffftdaliC.n otexistirq trteEs andW are deemed lo have 4>prapriate eXperier krK>e lor kne ro. re are no fortnal predureS induLry ttuslees. h(ywe¥er. any newltuslees appointed wodd be wactiBaly a%Ydre ofts ¥¥ork undwtaken by Ihe Ch8rity 8ryJ 8uprth ts aTrffjs wovided by &x1r9 Iwstees. Details of rdated pIrsactior. there (xn be in the reS to the acr%m The TSLeeS have assessed the maNYa5ks to wkmth thetharity is exw5ed. ad &e satssfd thal systems are ace lo miiy8ie exposure these nsks. The trustees and direckJr& who are also the dIreCS forlhe purrOse<4c(KnY b¥Y. and sep1 dwing tPe year an p to the date of sgnaknre oflhe fnan(xal Sta..nerts were" Mr Ri¢hd Minashi Mr MatthÈw Humphreys r MKh¥el Humphreys Mr P8uI Klil Lo9•1 ond Admlr•lstr4lon Inforrnayon Tp <xYnp8ny is limited by gJranlee 8t has w shp okMtal. None of thetruSte and dYect(ws has any bfiCl Yrterest in theixrnpany. All ofthe Irwtees and drector5 are ttfflber50f the CLYW. Undarthe W0$)n of Iha coffw8nY$ menJM af 8SStti¥lion. eath MethrWtw it raqUiJ 10 eoniributè a sum r)1 exceeding £1 for Ihe paymwi ofth&¢Yebts ofthe company. in ewii¢fa o18ssets on Windirvj Jp ofih8 company. The c(Ynpany is a registered chty under the Chantss.4ct 2011. 35 arnetmled by th2 CtHTbe5Act 2D22. Theixxnpany gistralion number 15 01227745 Chèity 6 278891. Pnnupal l)ffice.' Ver House. Park knduslnal Estate. St AJb3r& Hert& A12 2WH. Regtered offi.. Brandon Hwse. FirsL The Brothlay. (lShaM. C#s. HP5 IEG.
WEST HERTS CHARITY TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 StotsmoD¢ of trust¢•$' rnsponsibililkns The trustees and direcbrs. who are also the direclors ofwest Herts Chatity TnLStLimited for the purw5e of company law. ar8 r@spunsbl8 fDr prwng thB Ttusts8< Roryl and th@ atla1 5tat8m8nts in lIh alCab law and Unit Kingdom Atcounting StAr¥d$ (Unrted KiryJ(xn Generty Atwrted Praxttl. Company Law requres the trustees and (fireetS to sryare finarthl statements fu each Yeartth gve a true and fair ¥Ew of the stale of affair5 of the West Hetts (YIBrity Trust Limrted af Ihp incixnirvJ resourts and pation DI souKes. including the corne atwj eXpdre. oflhe tharilable CL¥npanykv that year. In pr8win9 th ffnaKrdl statomenls. bSt¥S$ andthreLC wuir8d io." . select suitable lLtirj [KAleS arKI then awty ttErD 1XlSten. - (knseThe the r[rethlsad in the LTharit5 SQRP." -M8kejvJrnents esbmaieslw are reaso pruJenL . state wthplhèr akvli¢ab UK Actsthbry sta)da hÉ been folty•rtd. >JbiÈLt to any material dep3rtwés dtsckjsed arKI explained in the fincHI st8tetnents. atKJ . rryare ts finwKl st&nEnts goro bg>S $$theY thi5 15 in8wopiate. trustees arpd dIrec)are res11e faT keetmny alequ3te a)untirJ reLVtds th disck>sewth reasOTHtle aracY al afiy time the financial tQSilion olthe West Herts Charty Tnjst efiab Ihem to ensure that the financHI 81ements th8 C(Ynpanies Ath 2Xb. ThBy are ¥so rewyYE krgafewatd¥vJ th8 assds of Ihe West HFris Charty Trust Lkmited and takirg reasable sws Ihe ryeyenbon aid dete(ln offraud and ottrr irregdarilies gJ far as the trustsès are aware. IhBr8 is twJ relwdntaud•lrCyt1W crfwhKh th8 ctharitys aLvJitors unalYd and they have taken all the steps that theyw9ht to t3ken os tnJses in to make themselvesaware ofany le¥Onl audit fomialw)n and to •sl$h thtr ¢hariWsjdif$ar? h81 infrmtim. Audltor In accordarte with lheetrmpam$arfe$. a resdutVM plop09 thai tickin$ Chartered Aco)untsni$ btr reapFointad * Sudilor of thè conwanywll b• put ai3 Ms•brKJ ThèAudtars. DkInsS Chartsrad A(cnL1ts, hav•indutsd Ihai rhey are wlliNJ to be reappynted at tre forftwThn9Anrw81 Meetb¥J. Risk Assossmont In order lo o)mply with Ihe stalwnt of Prath fty Charity AniS IFRS 1021 a rewew of Ihe maiw risks lo which Ihe thariiy i5 extKssed and systEyYE thai hae to be eStsb1s I0¥t Ihtsse rEks has been carri out TI trustees receive regukr rwrts and Ihese are on an orgirvJ atPA)ard 1. Exernwion Stalement accounts have been pieparett aL¥x¥darMx waal w)*l5K frsMall under Part 15 dthe coMrnie8A¢t 2006. Mr mateW Hunphreys DlrKtrJr 31 Marth 2025
WEST HERTS CHARITY TRUST LIMITED INDEPENDENT AUDITOlfS REPORT TO THE TRUSTEES AND DIRECTORS OF WEST HERTS CHARITY TRUST UMITED lon We have aujited the financ1 ststements oflvest Herts Charty Ttus.. Lin1 for the yearerd 31 lY 2024 %%hich cornpris8 lh& Stal8tn@ni ul FinancBI Activib@5. th@ BaatKX Sh881 tth8 tothB FinancLyl Statomt5. indUdg a sutnTnary of siwrficanlac0tsrvJ polcEs. Thp fiDanThl rewyting frame%vork that been Wle In their preparation Is 8pplitsbb14w and Uniltd KingdorD A¢¢tyJnbDg St18rd$. IrUd Fan(jaI Rep(Ybry StaDd8rd 102 Th8 Financial Reporting sdar applicable in Ihe UKzr#l RewbSc o- Irel Iurmted Kingthm GeneralYACcept Accounting Practi I Ihe Statement of ReCom[neIed Practi ACCT¥j arKI RewMtirvJ by Charfies arKI kne Charibes Act 2011. as dInd by ihe Charit5 A¢L 2Q22 In IjuroimnK, the statements.. givF e IruF and far vvwoflh8 oftscFwitaLI8 ¢t¥hpanrf¥ affaws * at31 July 224 arvj ol ils 5uWus lorthe yèar en ended". have bepn pRpareJ 1h Ut¥led K9th)[ GwBr31ty Acceptsd AcCt Prathce," have been pyyetl In rdanCe With the requrementsofthfy cpar Act 2(K a5is lor opinion We conthcted our 8ud in a¢eorthee lThtvr01KThI SlaThlardson IUKI IISA5 IUKlland aPp&Ie law. Our [OSFx>wblibes der those siarKlards are futyw de5cribe(J in AtHlilolsrewn&bilis lorlheaijditoflhe fInaCIal staleffienls sethon otixY rewt. We are ient ofthe West Herts Charity Trust Limited aCnydan with the ethi1 requirempnts that are rPVant to tyJr dit ofthe ffina w) Ihe UK. Wichjdinglhp FRC'S Ethi Standard. and pvISS avalable forsrnal w1ds. in th& tyl¢unS $81 cth in not8 18 10 the [artial aatannts. anc w8 havo Ililled rother eth1 responsiblibes In accor Ihese wiremen& We bes that the a11 eden we have obtained 5uffiGEnl a1 appropriateto WOVKle a ba95 fr)rixYoFMnon. ConclusiDn5 relating tD gDing concevn In audng the finanual Stslements. ¥ve that Itee$. lfioare akn (Irectrrs'oftrt Charitatle wmpany for the purpose ofcornpa4y lawl Lse oflhe grng cl)[ bas oftil¥j the preparntion oftt nckl atatetn8nts 15 apprup[1e. Based th8 wDrk Y49 hawa perfo[T[d. we I4qve pJ1+Ell Y rter14 urwtarlie5 tBlabng io or (L>nd1li(S t1. kidmdualy N cdlectivdy, rnay casl swif31 doubl on Ihewesl Herts Chartiy Trusl Llwiterfs atrAlilyto Continue as a 9fAf9 cDnceffl for a pfymd ofat wtlWee mnlhs frryn when Ihe fnarKial aternents are aUtrd for issue c[ responbIlItieS the resbIll5 olthe Itustees directo1th respect lo g)IrwJ (x)ncern are (suibed In thp I¥lan{ sa¢tv)nsof Ih&% reporL Othei infDrmatio othÈr irforMatn thu Infom IM4Ud (thèrihan financ gtstomsnts and Our gudiio¢s rBptrt thereon. Thè trustees dir&tets 8fE [espbIewthe er infoimation contsined wlhin Ihe annual port. ropInIon on finanoa slatem8nts ccs cover Inf¢ymaiwx) 8ThJ. exceo to the exltni Otherwise explicilly swed in wr report. we do not exwes5 forrn af3ssur3nce wrElon therecfft. In connection th w audil ofthe finarrial Statellts. our reSprs11M1ty Is to the InfDrwtK)n atKI. so. C(nser therthe other fr)rtnaboTr Is Tnaterialy Inc511 thB slatetnents Dur knOledge obtared in th8 COW5e of Ihe audit. ( thptwise appÈats to bÈ rnaterialy m$stated. tt wp KlÉntifysuth metial appent tnaienal rtissiateTherts. we are requred lo d8lerttwDe svheer ihis nse kn a maifjTrY wisslaiernI in the [8(jaI smentS themselves or a material misslatement ol the Otr inforThalKJn. W. based on Ihework we have perIord. we Cthde thatthere is a matenal tn15slatetnpnt of this 0therinfortn. ¥ve are requirwj t¢> rerththa fact. We have to rert rewd.
WEST HERTS CHARITY TRUST LIMITED
INDEPENDENT AUDITOlfS REPORT (CONTINUED)
TO THE TRUSTEES AND DIRECTORS OF WEST HERTS CHARITY TRUST UMITED
Matters ¢)n whl¢h we ar¢ ¢0 rowt tyy ¢y¢eFllon
In IvJhl oflhe ked and undet5tstKJYw ef the a( itsenTrAronwtobtained in the course ofthe audit. WÈ ha¥È
ot ldbntrfd statents n th8 DT8dDrs' RW 1@d thB Trust88s' R8p(xt.
We have ndhing to report n rf¥i of th8 It1b tD8iws in Acl tFqLirF8 us to
report to you if. in ourcynKMI.'
the inforrnation gven in thefinancK41 ststements isIn(StIn any material rpspeGt with the trees. reFX>rt orlhe
trustees were nL enbdes lokware Ihe 5talements fi aA WI the smal iyJmpaThe5 regine take
adVlage of the stnal COMpanS, ex1 in FYepatTg lh8 Iru51. wxtatvj trotn the [equretll6tS Lo prepare a
strate9i¢ report..
sufficEnt 8¢¢WMiry rec£wds ha¥e rh)t t¢en kepi..
the farAal ststements are rK)l in agr[nent ¥thlhe rp(xKd5:
e heve tyceNeo ali IDein1(? JThJ ex81$ we tequts kwauOrt.
RespOnbIllIeS oltruste88 and dlr•ciors
As &xFd8inod m(e fully n".he statenI oflnJsts w¥¢rribIi. trtnK%te8s and dr8¢tcrfs. ¥0 80 Iha dIr8do of
e West HBrts Char Trusi rThted lor the wrtxsse of conyany law. are resrA)twble for the prePaTh of the finanu
stskments and for bew sabsfied Ih8t ttsy grt a bwe arml far vw. SLth Inkmal ¢tsntrol as e trustees and
ireclors dele[rni 15 necessary to enabk twaratsi)n of statetneq15 that e free frorn fflatenal ThStateen[
whelher du8 to fréud orer[(. In pparing the fnanrJal &alWts. the Iru51ees drertlKS are reynsitAe f assessit
Ihe Wesi Herts Charily Trust Lirrited'$ lIty ro o)nbnL8$ ¥ 9CANJ w£m. d6dts>ThJ. 85 w8b1. matters plated 10
going c
WEST HERTS CHARITY TRUST LIMITED INDEPENDENT AUDITOlfS REPORT (CONTINUED) TO THE TRUSTEES AND DIRECTORS OF WEST HERTS CHARITY TRUST UMITED l)JroLl5 are to obtan [easLYLe35sU thlwhethef the slaternts asa whtAeare frBe froTn tnatsrial misslalerrent, Whetherd to Iraud and 10 3th5tS repm that owr¥on Re¥sonab assuran a high level ofas5LYapice but ts ry)t a gUt¢ Ihal w a1 aCconJae ISAS IUKI Will gh¥ayg d&lect material misskiemeni when it eSts. Misstatementscan a'tse frrn fra orerror are cowdered rnalerial If. indiwdually or in aggregate. they coukl reasNY be expected b in1lUen the eu)noThG dec45ions afu5ers takefi on bas of finantl81 $tatemènts. ramroach was as foltrhE'. We obtsed an understarrtting ol 18guL3w fr¥ne%ths UwlareaFWabb io Ihe enlrty that Ihe rnost signthranl are those that rate to irKILKle Ihe th[rvnS Ad 2. and the Charibe5 Act 2011, a5 amended by Charthts Ati 2022. We coyrynunicated entird I¥5 and reguL4kons and wential risks to al erya9effentte wmberS and re1r slert lo %ny Indutcrs oftraud or ro7-cVe and regui4tions IhioWwi the al. We disu5ed wtlh manag8ment any krn It[eS offra or rK)rFCofftWWn Lqv4S regalK5. Wa assessÈd the dsk$of Ma81 nlssta18nt in res of fraj as IclkntyE.' The audL leJn ¥er Iherewere Y weas ttsiwwesusye to mlsstatnent as pwl Iheirfraud diswssion. In addressing the nsk of manawentoYP of CtrS. tested the 4¥)ropnateness ofioLYnal enlries with a focus large or unusual tran5actnS based ffl cri-eisa deterrDi[d us llgOLr kr of the tsjsiness aDd industry. We a15D challenged 8ssumpboAs arKJ judgw)nts m&Je by m8rw)eftw in they swjrificanl axountiry eimates and judgements. We irwrpoxated an dErnl ofwpredMAatslty in lh¢ soGlw)n (4thB nalwe. extent 0fwrwditprolUrQ. Based r&sutLS oftyjr rtsk ass8ssmi designtrj ¥jd11 wdre$ kn VJ1Ify and tO8re matial misstsierrnts In 10 fr•Jd. Ir)1 des&niryJ 8j1[ Kwtteduresto adress. fc 8xanWe". The possibilily offraudent or corrupt pawrents rne Ihrow thyd partE> The risk of bnbery cLYrupbon. Theopporiuntyto wiegate (kths withinlhe entity. Based th8 rBsuILs of(wr asse$swl we¢JFsigtyJ oJJdil wTe$ ty wknlrfy W[(¢41are with gJcb k8ws and regulabans entifIed above. Using aur general comtneroal and sectrKoxwlee thr( nL4wgement. we identified areas of L4ws and rulationS that reaSonaY beexc lo have a rnatenal eff1 on kne finanual slements as well as Ih05e aris9 from mamge[nt'S o%vn asseswnent ofthe risks Ihat Ywu1 may oc(aJr erfher bzuSe of traud or erw. The eryagement pather conwdws ts eroa9emwt cdWi¥ely had apkWfPYte ty)ffpeleTh and Cap)ll"eS to Klentify or recognise wikn law5 regUL4bos. We GQll5Klered the extent lowhK the aLKtvrd5 pab 0fdetedv irryj1ib&S." Trre ¥re inherettt Iimitsbons In trt t51 pro¢edwes attye and tsfuthr removed nts)40mIsn¢ewrfh laws 8nd regLAaions is from and re1W in fv finan¢491 ststsnwts..he less like Ul0 b8wm8 8W8r8 of It. Akn. ol not delecbng a rnalerial TrsstaterrLthe to tr}d is the n5k of not delectiry one frorn error. 8s fra nY in¥(A¥edeliberale ¥Mentby. exan. farw or mIent31 rnrerrfe$entatson. or through 1sK)n. A fwtherdescrpton ofoLY rewr6itrAlthe5 is avalable the RetKthg C(x11.5 weIe a". httpS."IlwW.frt.(K9.ukItudl1rK8ieb1 This deipkn fomts tOlaudits
WEST HERTS CHARITY TRUST LIMITED INDEPENDENT AUDITOlfS REPORT (CONTINUED) TO THE TRUSTEES AND DIRECTORS OF WEST HERTS CHARITY TRUST UMITED lon on other matt•vs PfP5cthr by th• Companiws Act 2006 In ourorAnKn. based M the %vork utKJertakn in the coutse of the aud. • th@ Itrfotrnatn gwon ttrus' t84xl. which indudpd the RW furlhB purpDS85 of CDTnpafiy Law. ftKthe yÈarforhth statefftÈnts art prepared is cthstsntwiih fv financial Sta181$." and the DIreCtS. Report in tr Trustees. Rwrt has en epar in %%ith awlicable le1 reqUirerts. Dickin50ns eligib fGrapwintm&nl as al0[ ofthe W'est Herts Ctrwity Ttust fftited byvriue of ts elvJitslityfor 8ppoSntm8nt as auditor ofa ¢trnpany der 1212 ofth? ctynp8ns A Use ofour réwi Ttis rep(xt 15 tnade lo the chtate (unpany's tbers. as a by. In acco[ with chaer 3 of Part 16 of the Comp3niesAct 2006. Our 11 work has bpen Ur1&en th3iwe Mh1 Slate Tothe charny's tru*ees those tnatters we 8re requred to Slate 10 th in an audiorfs reprt f(Y ryj otherwtPD5e. Tcthe fvIItSlexlent perrnitted by law. we do not 8cttpiof assume respDnsAbikty toanyone other rtstty aid the ch¥ityS tnkstees as a body. for work. for Ihis rgwrt. or fcy fv opiniws w9 ha¥e fi)rrrW. Natalip Sp10 lsenior Statvry A10} forand on beha1 Dlcklnson$ Chartered Ac¢ounlar St¥tutory 110 1 Aw"12025 BraOn House Flwr The Broadway HP5 IEG
WEST HERTS CHARITY TRUST LIMITED STATEMENT OF FINANCIAL ACTIVMES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2024 Uwostri¢tod unrOl¢tod fund5 funds 2024 2023 In¢omo fw: 35.338 297.144 33.S) 209.264 lllveslment vro Totsl In¢om 292,482 242. Expenth¢yr¢ on= charitab &tivtb&S 240,141 256.198 Total expgN&tLbrfr 240,141 256.198 Net 9ainsll14ssesl on ients 470.LXIO Not IncornW(exppndlturEI and Tr)verMnt knfund5 522,341 115.fj441 R¢Dn¢iliabon otfunds.. Fund bal8rtts al 1 2023 3,609.669 3.623.313 FUNI balancos at 31 Juty 2024 4.1id,U1 J,WY.bbY staen1£1naral athi15 hi¢kndes all gainsaThJ kwes rwised in the year. All Irwtne ind werKlilure detive fr(xn (xnbnury •¥the5. $18lerneni finaro818thi1É5 ¥$0 %th tre reqwrewentsfty an aThJ exwditure accwnls Uer Ihe CompaniesA¢l 2006.
WEST HERTS CHARITY TRUST LIMITED BALANCE SHEET AS AT 31 JULY 2024 2024 2023 Flxed Bssel langible assets Investment prOpty 1.654 3.750.IMI 10 3.280.(AIO 3.751.654 3.280.500 Ct a55015 Stocks Debtot5 C8sh 81 bar 8nd Fi h• 12 11 9.041 152.774 31M).835 70.948 335.707 462,650 406.655 CrgdltOV5: amowtsfalling within one year 13 82.294 77.486 Net Gutrent assets 380.356 329.169 Totsl ass10$$ ¢urront li8bilithe¥ 4 132.010 3.609.669 Income fund5 unstrICted furx15 4.132.010 3.609.efj9 4,132.010 3.609.669 Th8 IxYnp3ny is enlthd to exetnplK)n rtDm tha wjdil requwetnenl Cl1[$ in secl 477of tts c(panIeS Aut 20 f(K Ihe aree 31 July 2024. an •Jdit has (aried thYerSedM 144 ofts Charites Act 2011. Th8 dire(lor& acknIywe their reS51th5 f0raXnprWj requvetnen15 oflhe CIMnpansAGt 2(Xl8 wih resp8cl to a<Lountiry re(rdS and Ihp PreparatoralKIal Statner. mambws h8v8 tswny to obt•n * Jtditsfinarts91 st¥twwnts. Th2se ffinaal stalernents have prePad ar1kn1he app4K3ble to rAJrnpanies subject lo the small uthpanie5 regi. Ih8 financ1 ststeTrnts wwe ap0ved by Iiusl88s 31 2W25 Mr MaMhewHwnrthrey5 Trustee Cowany wtsI[8ti( twJmber01Z27745 IErwLyJ arwj Vlsl
WEST HERTS CHARITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 AOUnt9 pol195 Charity inlarmBtit West Herts Chafity Trust Limitwl wvats corryny lirymtedby warantse irKotwialed in Engl0 8nd Wales. Thg istsred offKe Is Br( How. Fr5t Fthr. g) The Broajw. Chesham. LinghaSh. HPS 1EG The finantial starfftnts hait in a¢¢rdarte th the memty3rthm )d Atyclei of Asso¢1?n of West Herts Chanly Trusl Limited: the CompwEsAcl 2CA)6 (knrffEs Act 2U11. 85 ameThJed by the Chanbes Act 2022, the Chaitbes SoRPAccouno atKJ by Charrtbe5." StateTl01 Rmmended Practi applicatrAe to charthes prepaiing thpir arUnts n 3(Ko[dae wth the F131 Rewbng SlatTrdard apprAe in the UK a RapU1¢ of IreA IFRS 102.1 Tr fin)¢d stsiemeftis InckJd& rewlls of warabi$ whh ar8 descDbEd In thB Tru51ee5' knual RppKrt The Wesl Herfs Clwty T[t Lwnited IBS taken ofthe PrO9Dns in fv SORP foi charibe5 nDtto prepare a Statem1 ofcash Flow5. ie fiilaiKi41 StsinÈiliS ¢ilv Il S&MlifvJ, is ufiiw W¥sl Hwls Cli•ily Tiusi Tre finanty81 snniS h¥Je W prepwed utThJerthe St(c4 The wncp81 8ntIr0 polues adopled are Sel out bek)w. The trusts conderthat the i8rity forth2 purwse d the k)cal pubbc trneffl as defin&4 in section 4 oft Charit8 A¢1 2011, as amend by the ChareSA(1 2022. 1.2 Golng concom Th@ trust88s and diractors hava 0p1d lh8 png n[n af E{ti in tr8paring th8 stat8rn8nts." the Itustees are satisfied the charity ha5 5ufficnt r&erves awj w(XIa cap¥tal to enatAe chartty to refftain i opetaional extsieDce for the foY8eth lulu. 1.3 Charftabl¥ fvnd5 unSIrd ar• av8 kn ug• at th• d•t ofthe tntslq•S gfvj dirth in furth•rAnc of thr¢harItable obiectwes. Investment incr. gairtsarf k6ses Jehxated lothe fijnd. 1.4 Income T(knl Incoming resorn are rerrtd Wxx)trfv1>fft IrNesbI pwties atKI (xnlributM)ll5 thnatK)n5 a5 sthvm in ihe SLiemeni ofFin8nci81 AdNibes chity s galy enbiks rothe aThY the amouth ¢8n bequantified 1.5 EXpB[lIr¥ Expondilura Is fty Val basis. lnrxd. undsr headings Ihal aggrate al costs rd*ed to the (zlesory. Vhere cosls camcrt be directy attrited lo a pth"uAar heaing they 1.6 Tangle nxed assets Tangib red assets ¥e intsty rrSed at (X>5t and sub5equentymeasurpd al cost orydluabon, netol depreciali and any Iratrn1 kwés. 10-
WEST HERTS CHARITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 JULY 2024 ACcoUntw polKies (Continuedl neprwiatin 18 rccognised 50 w lo wyite eff lh¢ CxI or valLbJboTh of •s2ei3 their rIdUal velues over th¢ir useful on Ihe followiw bases.. Fixtures arKI fittki95 Corryuters 2 (XJSt The gan or loss arising on the di5tKJsal ofan as5d sd2lerm1I a5 Ihe<thfferetKe b9fve sale proceeds and the ratryng Value the asset. atxl is in the sIateTrrtolfincl aGb¥th. 1.7 InvpstmFllt woperty IrpStme rAwrty. IS io earn raiiaLs athr folcarA apweoatits), is nthally re%&1 al ctht, which includes Ihe purchase ty)stand any dYeciyattrtsJiatle SLI)seqJenlly il 1$ mtrasurad aifair valL 81 ihe rw)rDng end dale. Tr surFAus (w defNX rt¥uabtyi s recogntsed in h)ss. No depralKIn proviDn has beén mt in Ih8 cnts asthe aThK)unlwJutsJ bè COlder immateria. 1.8 ImpawTnpnt ol fLxed assets Al each reportng end dale. the West CharityTruSt rned wews the amwnts of its tangNe assets detetrine whellw th$ Is 3ny that Ihose assels have suffered ¥ iryairment . Worry such irtration exists, Ihe rerA)verth a¥lt of Ihp a55et se5tiThated li otderto deierrnine Ihe extent of th81[np[menll055 lrfanyl. 1.9 Stocks Slocks are stated atthe knsprofwsl Ir nel realb vaue. C051 p[e5 the puithase of minitxses and rolaied Mothratn$ maye 10 thtry art al ha81th and safety asE4)Cthd (z)sts IUrrnd to the data ofdDnatioD. The trarthroflhe rights th¥rShY these kehth areknhekI fora of 12 rnonths. is lo ensure Ih9 donee mee15 the requ ritK)s. When have b8en durng the 12 trx)nths arKI tx) S(x)ner, Ole n9hlS and n¥$J)ip are on y ltrtn Sed Iolhe do. Nel realtsable vaue is based on the the eXtled sa5 vakjeof the NnXIseS rfsdd and rxrt danaled to a Ihird party. 1.10 Cash and cash equivalpnts Cash ewivalents Cash in hand other sWL.terni IhTid inv8sfftnts qth short matufftas of threè mwihs or less fw the date cdacqu Basi¢ hn•n¢l81 assets BasfinanCVal at5. i[udE debi(Ys cash a[ banc baLincos. inni?Ily I[aSUr9d price Indiiding iransafthnn r.nsts and arp. •wipntly<ArriAI Al INryJ p. pfmwp. mlprp81 mp.IhThl ijnlp.ss ihe ar¥w8Ml•)n$Ite$8 fiiancing tr¥sa¢1. tr Ir8nsaaw is rr*&su ai ts y8$8nr ¥alu8 ofth fuiure receipt5 dscwnted al a market rale of inter2sL Financ&?1 assets cassnled a5 reCvab wrfhin one yearare not arnotbsed.
WEST HERTS CHARITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 JULY 2024 ACcoUntw polKies (Continuedl Impe¥t01 fffjayKMlaasets rinancial a55e15. Othe. than those hekjal faryakje through [ne aThJ pxpendihxe. are aSSed for indcatixs of imparrnant ai ah rep)rting d818. Finaria assets are inwTad VI5 is ObTr8cit eyer& 1. as a rasull of one or rnore events that owrred afterthe inital re¢ogrdtity) ctts asset. the estimaied futu cash flows have If an a55et is irntFired. the iwY[nt oss is the drfteretKe the GatTrirvJ arnount and the present value of the esirated csh I1$ dts¢ounted attheassei's lyIn81 eWr4e iiie¢e fate. Ihe vTrM>anreni knss is recogThsed in net Incomellexpenthlurel fty IhÈ yeai. If IherÈ Is a deuetse In Ihe i[rn)aitrrt ftom an evÈnt(KyMng aftÈrthÈ Impmnt was iecogntsed. thÈ impaThent Is reversed. ThersaI SuCh Ih3t the irvj dDes mt exceedwhatthe Carrn9 amount %vrxJkJ hève been, hJ inwalmr r¥)trmÈvl( teen rewisÈd. The MpaMnI reversal Is recoynsod In netiwmellaxpendiiur81 torthe year. Dorqcognlfon ofrinanela135s•ts Financial a&setsare de'ettsjnised ontytten I c(traC31 Wts 10 the cash flcrtvs the asset expre orare s•til•d. or the W6s1 H8rts Charity Trust LTm¢.ed Irsfw8 th& financial ass and substaylaly dl Ih&risk$ and rews of ownershy kn anather enity. or If SeSignth". risks and rardsofavmership are relained t control c the asset has IransferTed toarth paty thal &Ae to sel the assel in rts enlirety to an uated thiid p3ty. Bask ffnanclal Ilabllllks BasifinanciHI lbilie5 are Inthalty tned altsansartK lESS atrarwment C1tilU1es a financing transaction. wh1¥ the d6bl in¥lmrfl rn8asur•J al lh¥ (eI v¥ueoflh8 fvluro pants ¢jis¢oUnt ai a markot 14inlere5L Finanoal li4bliS dassified as ptyable %%ilhin one yearxe not amr1rted. Financial liabilthes are derecowised Yknen the W&lHertsC*Arity Tnjst Lvnited's COntru vj3tns exre or are disthèw Ortel. 2D24 2f23 DonatnS arml glt5 35,338 33.290 from irrrn5tments 2024 2023 Rentsl Mo)n Inieresi receNatAe 250.256 205.1 3.277 257.144 209.264 12
WEST HERTS CHARITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 JULY 2024 Expfrrndttyre on tharll¢a¢fjvlOos 2024 2023 Dlrecl costs DeprEaalion and Inpainir ope[ 5t(x PUlLI5 vl M(xlthcations and Iwery Closing stock Man89ing enitses Computer runnitvj (x)sts Irav Costs Ttus19e expens Printing, wstsge and stsknery Sundry expanses Bank ¢h8rges Audit F88s Auditorfs fees lty .alrt Legaland Frnfe&gon Insuran ExpensB5 of renw ttipS 1.255 69.Y)O 148.843 28.478 19.0411 21.502 1.527 18.4 781 1.413 241 67 2.714 697 2.123 4.813 28.332 531 21.134 2.105 4.7T1 &57 17,3301 240.141 256.198 Anatysis by fvnd Unreslrthd knds 240.141 256.19B Mgt mvomgnt kn fvTrJs 2024 2023 Th& nBI ¥mentin fLnd$ ts Staled after thargiWlutthtirvJl". Fees payable ft>r ihe a11 dlhe thariiv's [a[jaI stat[ Depreciabon of frAed a55els 1.255 Truslpes And tlirector5 None of bustees and dlect$ Icrf Y persuB con1¢ tsml recwvrt any reMUrOn or benefits from the West Hertschaity Tnt Lrnited durhryg the1. yees Trere were ro emrAoyees the year t3.. Nmel. 13
WEST HERTS CHARITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 JULY 2024 Galn$ and loss•s on irw•slmsnts 2024 2023 Gan(1[>$5esIéFj9 on." Reyakjation of irwesbnenl mrty 470.IXKI Tangle fixed assets Computqr5 Total eo4t At 1 August 2023 AthYilJns 228 3,771 At 31 Jdy2024 228 5,409 S.&37 Depre¢lafion and IMmt At 1 August 2023 Depreaabon tharyed in treyear 65 3,434 438 3.499 46 Af 31 JY 2024 3,872 3.983 ¢arry4ng At 31 Jdy 2024 1.$37 Al 31 Jdy2023 163 337 10 Inveslrnent pvop 2024 Fair ¥alu• Al 1 August 2023 Netgains or k6sesthr(vgh f¥4r 3,280.LWJO 470.LKKI At 31 JLly2(Y24 3,150.LNJO Inveslmenl wopertycomprrs f(xJr urits in tALKs. The fay Val oflhe inve5trnenl properhes have been atrived at on the open m8theivaue fcr extstsTh) e bass frc¥n 8 valuv)n Carried ai 17 Jur 2024 by Brasier Freett). vlho arE an independentf ttn of Charter8J gJrveY5. DLIVnLedvth IhB West HeTts ChartyTtust LiThited. If investm1 proptse5 were stated OTh an h5trYK¥l ci6t ba¥s rather Ih3n a tsir value bass. the annts have en Incled as folovts: 14-
WEST HERTS CHARITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 JULY 2024 10 Investment pvopBrty {ConnId) 2024 2023 FIEeth 894,165 894.165 11 Debtor5 2024 2023 Arnounts lalllng du• w6thln on• yw. Oiherdeblo Prep8yments ¥nt1 inccthe 142.140 10.fj34 64.324 6.&4 152.774 70.948 12 Stocks 2024 2023 Slock0fvecfry dona 9.041 13 Credltors.. amounts falllngthttthkn one y& 2024 2023 Deferred ir¢tsme Tiad8 craditors OthBruedit¢*s Acrrua15 and defwrtl ir¥ 22.822 716 51.745 7.011 19.146 s1.3 6.837 82.294 77.488 14 ColporOn Tax The d)Ority IS omeny fromtrx on Irw gainsf&liNJ %Yithin rtl 10 olthe faxAct 2007 orscction 256 oflh8 Taxation ul Chargeale Gairts Act 1932 to the extenttsHI these are 8tWipd 10 ts tharii8Ue 1¢1¥. 15 C8118d up Share ¢wxtal The a)mpany is limited by wardntee a1 has rK>thare UrKlef th-_ provNons of thp mK)ra[tn of associalvm. each mewl)ervrtMJkJ be to ¢Miribuiea >Jrn ex¢ee(Iny £1 for the payment of debts ofthe company In th8 evwicfa olassets awndirwJ w ofthe ccmpany. Thè tharity has IhrWjIIh year by IhÈ tntsiees. th are Kl8ntiw n thts ttmpany infomiation. 15-
WEST HERTS CHARITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 JULY 2024 16 Opor4¢ing 100sg¢rJrnrnitrnw Lessor The company owns inve5knnt prwrts5 twd for rwrtal purTXW5. Renbl e¥rn9(I during ttv) yearwas£250.25 812023 05.>871. There i5 one lenant that Is C¥trUtted forffvxe than S years. AJ opwating lease contraits (antai markti wew clauses in ihe eveni Ihthe $Seeexerrses an extsbNJ 10 Mevl. Tr lessees ho no Opt to purcha88 the prcp8rties att ewry oflhe lease pemy. At the reporbry (late Ihe West Herts ChalityTnt Lirted had 1X)ntr1 for the folknwing le8se ptyrnents". 2024 2023 Wthin ytsr BtM8n Nvo and fiv8 y8S In over five ye$ 268.874 760,105 385.OLKI 176.952 657.335 598.706 1.413.979 1.432.993 17 Relatod party traDsa¢th During the year here ye no related party bShonS. 18 Non-audit ser¥ice¥ pro¥ide¥ by auditor lil Luiiinoii willi Jr*s9)s 0fr atKI tbaiuie us¥ OLK •Jthic¥ I01h Uie finarKkil staiernen 16-
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