Agenda item

Report of the Chamberlain.

The Committee received a report of the Chamberlain that outlined the Hampstead Heath Trustee’s Annual Report and Financial Statements for the year ended 31 March 2014, presented in the format required by the Charity Commission.

The report covered both the operations of Hampstead Heath and the Hampstead Heath Trust Fund, which managed the investment of £15 million that was originally transferred from the London Residuary Body to help defray the management and maintenance costs of the Heath.

The Chairman noted that the fixed assets for Hampstead Heath for 2014 had doubled compared with the previous year. This was due to expenditure on the Ponds Project.

RESOLVED – That the report be noted.