Charity registered number 1042937
Humanity at Heart
Trustees’ Report and Financial Statements for the year ended 31 December 2021
Humanity at Heart Report and accounts Contents
| Page | |
|---|---|
| Company information | 1 |
| Trustees’ report | 2-4 |
| Independent examiner's report | 5 |
| Statement offinancial activities | 6 |
| Balance sheet | 7 |
| Statement ofchanges in equity | 8 |
| Notes to the financial statements | 9-12 |
| Detailedstatementsoffinancialactivities | 12-13 |
Humanity at Heart Company Information
Trustees
Mr Stephen Sexton Mr Peter Wright Mrs Louise Stewart-Roberts Mr Teddy Boutrup Mr Sean de Podesta
Charity registered number 1042937
Accountants DCT Accounting Ltd 7 Wilton Close Partridge Green West Sussex RH13 8RX
Bankers HSBC 50 Church Road Burgess Hill West Sussex RH15 9AH
Solicitors Goodlaw Solicitors 37 Keymer Road Hassocks West Sussex BN6 8AG
Principal office 28 Keymer Road Hassocks West Sussex BN6 8AN
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Humanity at Heart Charity registered number: 1042937 Trustees’ Report
The Trustees present their annual report together with the financial statements of the charity Humanity at Heart (‘the charity’) for the year ended 31 December 2021.
Mr Stephen Sexton
Mr Peter Wright
Mrs Louise Stewart-Roberts
Mr Teddy Boutrup Mr Sean de Podesta
Objectives and Activities
POLICIES AND OBJECTIVES In settings objectives and planning for activities, the Trustees have given due consideration to general guidance published by the charity commission relating to public benefit and in particular to its supplementary public benefit guidance.
The objectives of the Trust are to support projects mainly in Romania to relieve the poverty and suffering of the people through the provision of material support as well as training, self help and community initiatives.
Structure, governance and management
CONSTITUTION
The Trust was formed under Deed of Trust, dated 12 January 1995, after operating from 1989 under the name of Romania at Heart. The principal object of the charity is the relief of suffering and poverty in Romania and elsewhere, and to effect this by giving aid, support and training where appropriate either directly or through the agency of other charities.
METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
ORGANISATIONAL STRUCTURE AND DECISION MAKING
The Trustees oversee the work of the Trust and the distribution of the funds.
RISK MANAGEMENT The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operation and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
Humanity at Heart Charity registered number: 1042937 Trustees’ Report
Achievements and performance
REVIEW OF ACTIVITIES
The Trust receives its main funding from the Humanity at Heart Trading Company Limited under Deed of Covenant. Other income comes from donations from supporters and members of the public, and fundraising activities. The funds raised have been used directly to support projects mainly in Romania to relieve the poverty and suffering of people through the provision of material support as well as training, self help and community initiatives.
The main focus of funding has been in Romania. We have continued to support Helping Hands Autism which is a therapy centre for children on the autistic spectrum, and Providenta Divina which helps a group of elderly people.
Other projects include a community centre in Arad helping homeless people and poor families, a residential home for young people with complex special needs, and a project, Qpen Hands, which runs a day centre for Roma families and children. The Trustees feel that this broad spectrum of support fulfils the aims of the charity to help the very poorest people in need in Romania.
The Trustees have worked closely with its partner organisations to ensure the projects are managed effectively and that the funds given have been used to further the aims of Humanity at Heart. Due to the global pandemic it has not been possible to visit Romania in 2021. However, regular contact through phone and video calls has been maintained. During 2021, despite reduced income in the trading company, Humanity at Heart has maintained its financial commitments to all the projects.
Financial review
GOING CONCERN After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resouces to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
PRINCIPAL FUNDING In the year to 31 December 2021 the Trust madea loss of -£4,221 (2020 loss of -£1 7,670), which has been added to the Total Fund, leaving a balance carried forward of £130,875 (2020 : £1 35,096). There were no restricted funds received in the year but an amount of £1,024 was brought forward in the CSEF Elderly Fund. This amount of £1,024 is carried forward in this fund.
Humanity at Heart Charity registered number: 1042937
Trustees’ Report
TRUSTEES’ RESPONSIBILITIES STATEMENT
The Trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales 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 accounting estimates that are reasonable and prudent; + prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and 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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They 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.
This report was approved by the Trustees, on 11 March 2022 and signed on their behalf by:
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Mr Peter Wright Mrs Louise Stwart-Roberts
Trustee Trustee
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Humanity at Heart Independent examiner's report
Independent examiner's report to the Trustees of
Humanity at Heart
| report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2021. This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts an Reports) Regulations 2008. My work has been undertaken so that | might state to the charity's Trustees those matters | am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, | do no accept or assume responsiblity to anyone other than the charity's Trustees as a body, for my work or for this report.
RESPONSIBILITIES AND BASIS OF REPORT
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the rquirements of the Charities Act 2011 (‘the 2011 Act’). | report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Report by Charities: Statement of Recommended Practice applicable to charities preparation their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
| understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
| have completed my examination. | can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1) Accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or 2) The accounts do not accord with those records; or 3) The accounts do not comply with the applicable 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.
| 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.
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AccountantsDCT AccountingTeLtd >
7 Wilton Close / cn
cls oshengl DCT Accounting Ltd
RH13 8RX West Sussex. RHI3 8RX
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11 March 2022
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Humanity at Heart
Statement of Financial Activities for the year ended 31 December 2021
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|||||
|---|---|---|---|
|2021|2020|
|£|£|
|Income|35,495|17,748|
|Direct costs|(39,681)|(34,807)|
|Gross expense|(4,186)|(17,059)|
|Governance|costs|(35)|(611)|
|Operating expense|(4,221)|(17,670)|
|Net movements|in funds for the financial year|(4,221)|(17,670)|
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1042937
Humanity at Heart Registered number: Balance Sheet as at 31 December 2021
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|---|---|---|---|---|
|Notes|2021|2020|
|£|£|
|Current|assets|
|Debtors|3|14,547|12,675|
|Cash|at bank and|in hand|116,928|123,021|
|131,475|135,696|
|Creditors:|amounts|falling|due|
|within one year|4|(600)|(600)|
|Net current assets|130,875|135,096|
|Net assets|130,875|135,096|
|Capital|and|reserves|
|Restricted funds|5|1,024|1,024|
|Unrestricted funds|129,851|134,072|
|Shareholders’ funds|130,875|135,096|
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. PA Vn Mr Peter Wright Director Approved by the board on 11 March 2022
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Humanity at Heart Statement of Changes in Equity for the year ended 31 December 2021
| Restricted | Unrestricted | Total | |
|---|---|---|---|
| funds | funds | ||
| reserve £ |
account £ |
£ | |
| At 1 January 2020 | 1,024 | 151,742 | 152,766 |
| Lossforthefinancialyear | (17,670) | (17,670) | |
| At31 December2020 | 1,024 | 134,072 | 135,096 |
| At 1 January2021 | 1,024 | 134,072 | 135,096 |
| Lossforthefinancial year | (4,221) | (4,221) | |
| At31December2021 | 1,024 | 129,851 | 130,875 |
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Humanity at Heart Notes to the financial statements for the year ended 31 December 2021
1 Accounting policies
Basis of preparation of financial statements
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements have been prepared under the historical cost convention with items recognised at cost or transactions value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Charities Act 2011.
Humanity at Heart constitues a public benefit entity as defined by FRS 102.
Income
All income is recognised once at the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or whena distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
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Humanity at Heart Notes to the financial statements for the year ended 31 December 2021
Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probably that a transfer of economic benefits wil be rquired 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 activitiy 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 allocated on the portion of the asset's use.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out. Governance costs are those incurred in connection with adminstration of the charity and compliance with constitutional and statutory requirements.
Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relation to the governance of the charity apportioned to charitable activities.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment
25% reducing balance
Interest receiveable Interest on funds held on deposit is included when receiveable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at Bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar
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Humanity at Heart Notes to the financial statements for the year ended 31 December 2021
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Liabilities and provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and _ similar charges.
Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recagnised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors of which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
2 Tangible fixed assets
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Cost
At 1 January 2021
At 31 December 2021
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Office
equipment
£
3,241
3,241
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Humanity at Heart Notes to the financial statements for the year ended 31 December 2021
| Depreciation At 1 January2021 At31 December2021 |
3,241 3,241 |
||
|---|---|---|---|
| Net bookvalue | . | ||
| At 31 December 2021 | |||
| 3 | Debtors | 2021 £ |
2020 £ |
| Otherdebtors | 14,547 | 12,675 | |
| 4 | Creditors: amounts fallingduewithinoneyear | 2021 £ |
2020 £ |
| Trade creditors | 600 | 600 | |
| 5 | Restrictedfunds | 2021 £ |
2020 £ |
| At 1 January 2021 | 1,024 | 1,024 | |
| At31December2021 | 1,024 | 1,024 |
- 6 Related party transactions
During the year, no Trustees received any renumerations. During the year, no Trustees received any benefits in kind. During the year, no Trustees received any reimbursements of expenses.
7 Other information
Humanity at Heart is a private company limited by shares and incorporated in England. Its registered office is: 28 Keymer Road Hassocks West Sussex BN6 8AN
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Humanity at Heart
Detailed Statement of Financial Activities for the year ended 31 December 2021
This schedule does not form part of the statutory accounts
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Income from: Investments Donations |
598 34,897 |
1,063 16,685 |
| 35495 | 17,748 | |
| Direct costs Projectsupport |
39,681 | 34,807 |
| Governance costs | ||
| General administrative expenses: Accountancy fees Bankcharges Depreciation |
- 35 - 35 |
600 - 11 611 |
| 35 | 611 |
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