Heacham Youth & Community Trust Limited

	Page
Reference and Administrative Details	1
Trustees' Report	2—3
Independent Examiner's Report	4
Statement of Financial Activities (including Income and Expenditure Account)	5
Balance Sheet	6
Notes to the Financial Statements	7—13

The trustees present their report and the financial statements for the year ended 31 May 2026.

Objectives and Activities

Aims and Objectives

The objectives and aims of the charity are to promote the benefit of the inhabitants, in particular but not exclusively the youth, of Heacham in the county of Norfolk and the immediate neighbourhood without distinction and, but not necessarily in association or conjunction with voluntary and other organisations with the same intent.

Public Benefit

The trustees have complied with the duty in Charities Act 2011 to have due regard to public benefit guidance published by the Charities Commission and consider that they have met the public benefit requirements of the Act, by way of the charity's activities generally and their granting activates in the year.

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Social investments

The Trustees continue to review any applications for grants and the needs of their area with a view to promote the aim of the charity into the future.

Achievements and Performance

Main Achievements

The grants made during the year are:

Breast Cancer Now £500

Pentanque Club £1,375

Guide Association £720.10

Scallywags £1,445

Heacham Parish Council £75

Heacham in Bloom £200

Smithdon School £1,350

In all cases the grants made comply with the objectives and aims of the charity.

Financial Review

Reserves Policy

The general fund is an unrestricted fund.

The trustees believe that the charity should hold core financial reserves at a level consistent with the donations received to date because it has no endowment funding and is therefore entirely dependant on the income arising from the investment of its reserves and upon the donor funding from year to year, both of which are inevitably subject to fluctuation.

In line with guidance issued by the Charity Commission the trustees review the charity's need for reserves annually.

Structure, Governance and Management

Governing Document

The Charity is a company limited by guarantee, not having a share capital. The members of the company are the trustees named below. The liability of the members is limited to a contribution not exceeding £10 in the event of the company being wound up. At 31st May 2026 there were 8 members (2025 - 8). The governing document of the charity is its memorandum & Articles of Association.

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Heacham Youth & Community Trust Limited

Trustees' Report (continued)

For The Year Ended 31 May 2026

Trustee Selection Methods

The charitable company may by ordinary resolution appoint any person who is willing to act as a trustee. Potential trustees are identified by members of the Board and are considered against specifications concerning eligibility, competence, specialist skills and local availability.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Mr P K Sutton

Trustee

03/07/2026

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Heacham Youth & Community Trust Limited

Independent Examiner's Report to the Trustees of Heacham Youth & Community Trust Limited

For The Year Ended 31 May 2026

Independent Examiner's Report to the Trustees of Heacham Youth & Community Trust Limited

I report to the trustees on my examination of the accounts of the Charity for the year ended 31 May 2026.

Responsibilities and Basis of Report

As the trustees of the Charity (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Lynn Mandari ACCA

07/07/2026

The Union Building
51-59 Rose Lane
Norwich
NR1 1BY

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Heacham Youth & Community Trust Limited

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 May 2026

Statement of Financial Activities (including Income and Expenditure Account)

		2026	2025
		Unrestricted funds	Unrestricted funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	218	-
Charitable activities	4	26,056	21,519
Investments	5	3,603	3,820

		29,877	25,339

EXPENDITURE ON:
Charitable activities	7	(13,518 )	(13,173 )

NET INCOME		16,359	12,166


NET MOVEMENT IN FUNDS		16,359	12,166
RECONCILIATION OF FUNDS:
Total funds brought forward		505,831	493,665

TOTAL FUNDS CARRIED FORWARD	16	522,190	505,831

The notes on pages 7 to 12 form part of these financial statements.

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Heacham Youth & Community Trust Limited

Balance Sheet

As At 31 May 2026

Balance Sheet

		2026	2025
		Unrestricted funds	Total funds
	Notes	£	£
FIXED ASSETS
Tangible Assets	13	278,565	278,934

		278,565	278,934
CURRENT ASSETS
Debtors	14	63,653	72,877
Cash at bank and in hand		181,188	155,236

		244,841	228,113
Creditors: Amounts Falling Due Within One Year	15	(1,216 )	(1,216 )

NET CURRENT ASSETS (LIABILITIES)		243,625	226,897

TOTAL ASSETS LESS CURRENT LIABILITIES		522,190	505,831

NET ASSETS		522,190	505,831

FUNDS OF THE CHARITY
Unrestricted Funds		522,190	505,831

TOTAL FUNDS	16	522,190	505,831

For the year ending 31 May 2026 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr P K Sutton

Trustee

03/07/2026

The notes on pages 7 to 12 form part of these financial statements.

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Heacham Youth & Community Trust Limited

Notes to the Financial Statements

For The Year Ended 31 May 2026

Notes to the Financial Statements

1. General Information

Heacham Youth & Community Trust Limited is a company limited by guarantee, incorporated in England & Wales, registered number 05457507 and registered charity number 1127173 . The registered office is 11 King Street, King's Lynn, Norfolk, PE30 1ET.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Going Concern Disclosure

The trustees have not identified any material uncertainties related to events or conditions that may cast significant doubt about the charitable company's ability to continue as a going concern.

2.3. Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.

Restricted funds are to be used for specific purposes as laid down by the donor.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.4. Incoming Resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

2.5. Resources Expended

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

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Heacham Youth & Community Trust Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	- in accordance with the property
Plant & Machinery	20% Straight line
Computer Equipment	20% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

2.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.8. Financial Instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

3. Income from Donations and Legacies

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Heacham Youth & Community Trust Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

	2026	2025
	Unrestricted	Unrestricted
	funds	funds
	£	£
Donations and gifts:
Donations	218	-

4. Income from Charitable Activities

	2026	2025
	Unrestricted funds £	Unrestricted funds £
Charitable activities:
Charity shop income	18,856	14,319
Rental income	7,200	7,200

	26,056	21,519

5. Investment Income

	2026	2025
	Unrestricted	Unrestricted
	funds	funds
	£	£
Building society account interest	3,603	3,820

6. Net Income/(Expenditure)

The net income is stated after charging/(crediting):

	2026	2025
	£	£
Depreciation of tangible fixed assets - owned	369	288

7. Analysis of Expenditure

			2026
	Activities undertaken directly (see note 8 )	Support costs (see note 9 )	Total
	£	£	£
Charitable activities	12,302	1,216	13,518

			2025
	Activities undertaken directly (see note 8 )	Support costs (see note 9 )	Total
	£	£	£
Charitable activities	11,944	1,229	13,173

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Heacham Youth & Community Trust Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

8. Direct Costs

	2026
	Charitable activities
	£
General administration:
Insurance	687
Rates	208
Legal and professional fees	197
Shop expenditure and Repairs	4,652
Donations paid	5,665
Entertainment	450
Santa's Sleigh	74
Depreciation:
Depreciation	369

	12,302

	2025
	Charitable activities
	£
General administration:
Insurance	316
Rates	542
Legal and professional fees	35
Shop expenditure and Repairs	1,954
Donations paid	7,320
Entertainment	468
Santa's Sleigh	1,021
Depreciation:
Depreciation	288

	11,944

9. Support Costs

	2026
	Charitable activities
	£
Governance costs:
Independent examiner's fees	1,216

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Heacham Youth & Community Trust Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

	2025
	Charitable activities
	£
Governance costs:
Independent examiner's fees	1,229

10. Independent Examiner's Remuneration

	2026	2025
	£	£
Independent examination of the financial statements	1,216	1,229

11. Average Number of Employees

Average number of employees during the year was: 8 (2025: 8)

12. Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 June 2025	277,746	1,400	444	279,590

As at 31 May 2026	277,746	1,400	444	279,590

Depreciation
As at 1 June 2025	-	634	22	656
Provided during the period	-	280	89	369

As at 31 May 2026	-	914	111	1,025

Net Book Value
As at 31 May 2026	277,746	486	333	278,565

As at 1 June 2025	277,746	766	422	278,934

14. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	653	378
Loans	63,000	72,499

	63,653	72,877

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Heacham Youth & Community Trust Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

15. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Accruals	1,216	1,216

16. Movement in Funds

	As at 1 June 2025	Income	Expenditure	As at 31 May 2026
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	505,831	29,877	(13,518 )	522,190


Total funds	505,831	29,877	(13,518 )	522,190

	As at 1 June 2024	Income	Expenditure	As at 31 May 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	493,665	25,339	(13,173 )	505,831


Total funds	493,665	25,339	(13,173 )	505,831

17. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

No trustee expenses have been incurred.

18. Related Party Disclosures

There have been no related party transactions in the reporting period that require disclosure.

19. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £10.

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Heacham Youth & Community Trust Limited

Detailed Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 May 2026

Detailed Statement of Financial Activities (including Income and Expenditure Account)

	2026	2025
	Total funds	Total funds
	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies

Donations	218	-

	218	-

Charitable Activities:
Charitable activities
Charity shop income	18,856	14,319
Rental income	7,200	7,200

	26,056	21,519
Investments

Building society account interest	3,603	3,820

	3,603	3,820


	29,877	25,339
EXPENDITURE ON:
Charitable Activities:
Charitable activities
Insurance	(687)	(316)
Rates	(208)	(542)
Legal and professional fees	(197)	(35)
Shop expenditure and Repairs	(4,652)	(1,954)
Donations paid	(5,665)	(7,320)
Entertainment	(450)	(468)
Santa's Sleigh	(74)	(1,021)
Depreciation	(369)	(288)
Independent examiner's fees	(1,216)	(1,229)

	(13,518)	(13,173)

	(13,518)	(13,173)

NET INCOME	16,359	12,166

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Trustees	Mr M E Jennings - Chair
	Mr D J Curtis
	Mr R J Dix
	Mr D Page
	Mr M Pishorn
	Mr P K Sutton
	Mrs R M Whybrow
	Mr G R Pearce


Charity Number	1127173

Company Number	05457507

Principal Address	5 Strachan Close
	Heacham
	King's Lynn
	Norfolk
	PE31 7SB

Registered Office	11 King Street
	King's Lynn
	Norfolk
	PE30 1ET

Independent Examiner	Lynn Mandari ACCA
	Aston Shaw
	The Union Building 51-59 Rose Lane Norwich NR1 1BY