Charty registered number 1042937 Humanity at Heart Trustees, Report and Financial Statements for the year ended 31 December 2023
Humanlty al Heart Report and accounts Contents Page Company information Tnjslees, report IrKlependent &xaminerfs report Statement of financial activities Balanc& sheet Slaternenl ol changes in equity Notes to the linancial statements Detailed statements ol financial aCtIlieS 9-12 12-13
Humanity at Heart Company Inlorniatlon Trustees Mr Stephen Sexton Mr Pgler Wright Mrs Louise Stewart-Roberts r Teddy Boulrup Mr Sean de Podesta Charlty rnglsternd number 1042937 A¢cotsntants DCT Accounting Lid 7 Witton Close Partridge Green Wesl Sussex RH13 8RX Bankers HSBC 50 Church Road Burgess Hill West Sussex RH15 9AH Sollcltors Goodlaw Solicitors 37 Keymer Road Hassocks West Sussex BN6 8AG Princlpal office 28 Keymer Road Hassocks Wesl Sussex BN6 8AN
Humanlty at Heart Charlty reglslored numbor: Trustees, Report 1042937 The Trustees presont their annual report together th the financial statements of the charity Human al Hgart {Ihe chaTtyI lor the year ended 31 Dgcember 2023. Mr Slephen Sexton Mr PeleT Wright Mrs Louise Slewart-Roberts Mr Teddy Boutrup Mr Sean de Podesta Oblectlves and Actlvltles POUCIES ANO OBJECT1VES In Settings obj'ectives arKI planning for aclivi118s, the Trustees have given due consideration to general gUKJance publishéd by the charity commission relating to wblic benelil and in particular to its supplementary public benefit guidance. The obiectives ol the Trust are lo support projects mainty in Romania lo relieve the and suffering of the peop4e through the pTowsKJn ot material surport as well as training, $911 help and communty inib'alives. Slruthre. governance WKI management The Trust was formed under Deed ol TTUSt, dalgd 12 January 1995, after operating from 1989 urKl8r the name of Rofflania at Heart. The principal object ol the charty is the relief ol sufleiing and poverty in Romania and elsewhere, and lo effect this by giving 8KI, suEwrt and traniNJ wthere appropriate eilher directly OT through the agerty ol other charities. METHOD OF APPOINT•AENT OR ELECTION OF TRUSTEES The management of the charity is the resp)nSdIty ol the Twstees who are elecled and cfrLVtI under the terms ol the Trust deed. ORGANISATlLL STrUCTURE AND DECISION •AAKING The Trustees oversee the work of the Tiust and the distribution ol the funds. RISK MANAGEMEKr The Trustees have assessed the maior risks to which Ihe charity is exposed. in particular those related to the operation and finances of the charity, and are salislied that systems and procedures are in ace to miligate our exp)sure to the rnajor risks.
Humanity at Heart Charlty regislered number: Trustees. Report 1042937 Achlevoments and performance REVIEW OF ACTIVrnES The Trust receives its main funding from the HLFmanity at Heart Trading Compary Limited under Deed of Covenant. Other income comes from donations Irom supwrters arml members of the public. The funds raised have boen used direcdy to support projects mainly in Romania lo relievg the vety and suffellng ol peop4e through the provision of vnalerial sUPPOrt as well as training, self-help and community initiatrves. The main locus ol funding has been in Romania, although some suw)ort has been given io local projects. We have continued lo support Helping Hands Autism which is a Iherapy centre lor children on the autistic spectrum, and Providenla Divina which helps a group of eklerly peoe. Our main I(uS has been support lor OFEn Hands, which runs a day centre lor Roma families arxj chikjren, as well as an educational centre for chiklTen whose families receive help through outreach work. We have also given funding to a kycal project which runs a befriending scheme for kjnely elderfy people in Biighlon. The TTithStees feel that Ihis broad srMlrum of support lullils the aims of the charity to help the very orest people in need in Romani& The Trustees have worked closely with its partner organt5atKsns to ensure the woiects are managed eff8clively and that the tur$ gtven have been used lo further the aims of Humanity at Heart. In April, a trusteg was able to visit and Tewrt back on all our continuing projects in Romania. helping us to plan lulure work Flnanclal re¥lv• GOING CONCERN After making aFpropri*e enquiries, the trustees have a reasonable exp8Ctatron that the charity has adequate rgsouces lo conlinue ill operatnal existence lor the foreseeable fLthJre. For this reason they continue to athpl the going concern basis in preparing the linancial statements. PRINCIPAL FUNDING In the year lo 31 December 2023 the Twsl made a surplus 01 £7.51412022 loss of -£12,201). which has been add to the Total Fund, leavrng a balance carried fowd of £125,16412022 .. £118,674). There were rto restricted lunds received in the year but an amount of £1.024 was brought lopward in the CSEF Eklerty Fund atMI was spent in lull. leaving £0 to be carried fonvard
Humanlty al Heart Charlty reglstered number: Trustees, Report 1042937 TRUSTEES. RESPONSIBILMES STATEMENT The TnL4ees are reswjnsible for preparing lh8 Trustees, Teix)rt and the linancial statements in accordance wrth applicable law and United Kingth)m Accounling Standards (Unit1 Kingdom Generalty Accepted Accounting Practice). The law applKable to charities in England & Wales requires the Trustees to prepare financial statemenis lor each financial year which give a Irije and fair view ol the stale of affairs of the charity and of the incoming resour$ and ap1iCatiOn ol resources ol the chaftty lor Ihal period. In Preparing these linancial slalemenls. the Trustees are required to.. . select suitable accounting policies and then awty them Consislenty: . observe the melhods and principfes in the Charities SORP., . make IeMentS ar accounting estimates that are reasonab and prudent,. wepare the financial statements on the going concem basis unless tt is inarprrfjrkile lo wesume that the charity will ntInue in Operatn. The Trustees are responsible for keeping proper accountiThJ rdS that are suflicieftt to sh(Iw and explain the charity's transa¢tions and disclose ¥th reasonab accuracy al any lime the linancial FJ)silion of the charity and enable them to ensure that the financial statements comply with the Gharities Act 2011. the Charity (Accounts and ReFrf)rtsl Regulalions 2008 and the Provisions ol the trust deed. They are also responsible low safeguarding the assets of the charity and hence ftjr taking reasonable steps for the prevention and detection ol fra and other irrsgulartties. A Iruslee feview was hekl and we are aware Ihat the majority of the twslees have been in post in excess ol the rrnrnended nine year peri¢xl and we we also a¢fvancing in yews. As a part of our general succession ann1rj we have been k)oking foi new trustees. ts)W8r in common wilh many charitable organisations, are finding it difficult lo recwil new trustees. We continue to search for Trustees. In the meantiffle we have detemiined that all trustees ar& keen to conlirsue in post We wll review the situation annually and we have undertaken some online training to ensure we are maintaining best praotice and acting in the most comwlent manner. This rerx)rt was aFproved by the Trustees, 1 March 2024 a1 wgned on their behalf by: Mr Peter Wright Trustee Mrs Louise Slwart-Roberts Trustee
Humanlty at Heart Independent examlner's report Independert examin8 fOPOrt to thtr Trustees of Humonlty at Heart I report to the charity Trnstees on my examination of the accounts ot the charity for the year ended 31 Dernbel 2023. This rewrt is made solely to Ihe charitys Trustees, as a boty, in accordants th Part 4 of the Charilies IAccour7ts an Rerortsl Regulations 2008. My worf( has tmn urkyertaken so that I might state to the eharity's Tiustees those matters l am required to state lo them in an Independent examIneS report and lor other purFM)se. To the fullest extent peffl7itted by law. I do no accept or assume responsibliity to anyone other than the charivs Twslees as a b(Mty. for my work OT lor this report. RESPONSIBILMES AND BASIS OF REPORT As the Trustees ol the charity you are reSnSIble for the preparation of the ac£ounts in accordance with the rquiremenls of the charit Act 2011 I'lhe 2011 Act}. I report in respect ol my examination ol the charitys accounts carri out under sectron 145 of the 2011 Act arKI in canwng out my examinalion I have followed all the applicable Directions given ty the Charity Commission under section 14515){bl of the 2011 Act. INDEPENDENT EXAIIINER'S STATEMENT Your attention is thawn lo the fact Ihat the charity has prepared the accounts in accordance wrth Accounts"ng and Report by Charities.. Statement of Recommended Practice applicable io charities preparation their accounts in accordance wlh the Financial Rewning Standaid applicable in the UK and ReputC of Ireland IFRS 1021 in prelerence to the Accounting and rewrting by Chaiities.. Siatemelll ol Recommended Practrce issued on 1 April 2005 which is referred to in the extant regulations bul has b8en wittKJrawn. l ule1stand thal this has been (Jone in order lor the accounts to prov#Je a true arKI lair view in accordance Mlh the Generally Accepted Accounting Practice ettective for reporting Periods beginning on or after l January 2015. I have cOmeted my examinalion. I can confimi Ihal no matters have come to my atteNion in connection the examination giving me cause to lIeVe that in any material respect: 11 Accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act,. or 21 The accounts do not accord with those records" or 31 The aOUnts do not CoMY wlh the applicable reqUIremer concerning the lonn and content of accounts set out in the Chairties {Accourts arKI Reportsl Regulations 2008 other than any requirement that the accounts give a 'lrue and fair. view which is not a matter considered as part ol an indeperKJent examination. I have no concems aThl have come across no other matters in conne10n vdlh the gxamination lo which attentron should be drawn tn this report in order to enable a proper understanding ol the aoUnts to be reached. DCT Accounting Ltd Accounlanls 7 Wifton Close Partridge Green Wesl Sussex FIH13 8RX l March 2024
Humanlty at Heart Stalemenl of Financlal Actlvities for the year ended 31 December 2023 2(r22 Incon 49.965 Direct costs 142,161} 155.841) Gross incom{expens0) 112,0761 Goveman* costs 12901 1125} Operatlng Incomg1(•xpens8 7,514 {12.201} Net movemgnt8 In lunds for the flnanclal year 7,514 12,201
Humanlty al Heart Registered numbor". Balance Sheet as al 31 December 2023 1042937 Noteg 2023 Currenl assets Debtors Cash al bank and in hand 14,685 111,079 125,764 14,693 104,581 119,274 Credltors: amounts lalllng due wllhin ong year 16001 16001 Net currem •88ets 125,164 118,674 Net ass 125.164 118,674 Capltal and reserves Restricted funds Unreslricled funds 125,164 1,024 117,650 Shareholders. lunds 125,164 118,674 The diredors are satisfied that the company is enlilled to exemption from the requirement lo obtain an audit under section 477 of the Companies Act 2006. The members have not requiTed tt)e company to obtain an audit in accordwe with secti¢)n 476 of the Act. The diredors acknowWg8 their reSnsibIlitIeS for ¢omply7ng wth the requirements of th8 Companies Act 2006 wth resFct to accounting records and the preparation ol accounts. The accounts have been prepared and delwered in accordance wth the provisions applicable to companies subject lo the small companies regime. The proltt and loss a¢counl has not been delivered to the Registrar of Companies. Mr Peter Wright Direeior Approved by the Lwrd on 1 March 2024
Humanlty at Heart Stalemenl ol Changes In Equlty for the year ended 31 December 2023 ROs¢tod Unrted nds funds reseThe account Total At 1 January 2022 1.024 129,851 130.875 Loss for the financial year {12,2011 112,2011 At 31 December 2022 1.024 117,650 118,674 At 1 January 2023 1.024 117.650 118,674 Surplus for the fInla[ year 7.514 7,514 Approved use ol restricted funds Olhgr comwehensive income for the financial year Total comprehensNe income lor the financial yaar 11,024) 11.0241 (1:024} 11,0241 11.0241 7,514 6.490 At 31 1)ewnber 2tr23 125,164 125.164
Humanity at Heart Notes to the financial statements for the year ended 31 L)ecember 2023 1 knwnting pollcles Basis olprep8rath>n ol flnanclalstatemts The financial statements have been prepared lo give a Irue a1 fai¢ view and have departed Irom the Charities laccounls and Rewrtsl Regulations 2008 onfy lo the exlenl required lo provtde a rue and fair, view. This departLJTe has invofved folknwng the Charities SORP IFAS 1021 wblished on 16 July 2014 ralher than the Accounting and ReKL)rting by Charities: Statement ol Recommeniled Practice 8ffeclr¥e from 1 April 2005 which has since been withdrawn. The financial statements have been prepared under th& hrslorical cost convention rtems recognised at cost or transactions value unless otherwise slated in the relevant notes to these ath)unts. The financial statements have bn prepared in accordance with Ihe Slalemenl of Recommended Piactice.. Accounting and R&F4)rting by Charities preparing their accounts in accordance wilh the Financial Reporting SlarKlard applrcable in the UK and ReFiulJic ol Ireland IFRS 1021 issued on 16 July 2014 aThl Charities Act 2011. Humanity al Heart constiiues a IMliC benefit entity as defined by FRS 102. All income is reccynised once al the charity has entitlemonl to lh& incoffte, it is prol)abl8 thai the income wll b& received arKI the amount of income receivable can be measured rg1iabJy. For legacies, enltttemenl is taken as the eariier of the date on which either.. the charity is aware that probate has been granted, the estate has beèn linajisgd and notification has been made by the execulorlsl to the Trust that a distribution will be made. or when a 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 ol the executor's intention lo make a dislribulion. Where legacies have been nolilied to the charity, or the charity is aware ot the granting ol probate. and the criteria for incoffle recognilton have not been met. then the legacy is Irealed as a contingent asset and disclosed il material.
Humanlty at Heart Notes to ihe financial statements tor the year ended 31 December 2023 ExrK1rture is recognised once there is a legal or constrwlive ()ligAtion to Iransler economic benefit lo a third party. rt is probably that a transler ol economic benefits wil be rquired in settlement and the amount of the obligation can be measured relithy. Expendre is CLllied by activity. The costs ol each activity are made up of the total ol direct cosls and shared costs, including SLtpwrt costs involved in undertaking each activty. Direct costs attriIxth to a singl& activstiy are allocated directly to that activity. Shared costs which contrilxrte lo more than one actiwty and sUp)rt costs which are not attritxjtable to a single activity are aprKJrtioned belween those actiwti8s on a basis consislenl with the use of resources. central stsff costs &e althated on the basis ol time spellt, arKI depreciation charges thated on the FY)rtion ol the asset's use. Support costs are those costs incurred direcdy in suN)ort of exF*nditure on the obieds of the chartty and include project management carried out. Govemance o)sts are those inCUfTed in connectK¥n adminslration ol the charity arKI Com$IanCe constFiutional and statutory requirements. Charitable activhlies and Governance St$ are costs incurred on the charitys operations. including support costs and costs rektion to th& governance ol the Charity apportioned to charitabte activities. Tanglbl• IIx8dassets TangitAe fixed assets are measured al cost less accumulative deweciation and any accufflulative impaitment losses. Dep[¢allOn is provvjed on all tangib fixed assets. other than freehold land, al rates calculated to write off the cost. less eslimaled r8sidual value. of each asset evenly over ils expected useful lile, as lollows.. off equipmenl 25% reAlucing balance Inlelest on funds held on dep)srt is brluded when receiveabie and the amou can be measured reliabty by the charity" this bs normalty L¥)on notifation ol the interest paKI or payable by Ihe Bank. Debtors Trade arKI other debtors are fecognised at the setuemeni amount after any trade discount oflered. Prepayments are valued at the amount prewd net of any trade discounts dug. Cash at Bank andln hand Cash at bank avKJ in hand includes cash and short term highty liquid investments wth a short matUlFty ol Ihree months or Tress from the date ol awisition or openiNJ ol the deFNJSrt similar
Humanlty at Heart Noles to the linancial slatements for the year ended 31 December 2023 A current liability is recognised for the tax payable on the taxable prolit of the cuirenl and past perioLis. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous peri(MJ. Deferred lax is iecognised in respect ol all timing dtMer8nces between the recognition of income and expenses in the financial slalemenls and their inclusion in tax assessm8nts. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that il is probable that they will recoveTed against the reversal ol delerred tax liabilities or Other future taxable profits. Deferred lax is measured using the laK rates an¢J laws that have been enact or substantively enacted by the reporting dale and that are expected lo apply lo the reversal ol the timing drfference. except lor revalued land and investrnent propty where the lax rate that applies lo Ihg sale ol the asset is used. curre and deferred tax assets and lithlilies are nol discounted. Provisions lie liabilities ol uncertain liming or amount) are recognised when there is an obligation al the reporting dale as a result of a past event, tt is wobable Ihat economic beneftt will be translerred to settle the obligation and the amount ol the oblioation can be estimated Teliabty. Liabilities are recognisgd at the amount that the charty allticipates rt will pay to settte the debt or the amount it has recewed as advanced payments lor the goo(ts or services it musl promde. Prowsions are measured at the best estimate of the arnounts required lo settle the obligation. Where the ellect of the time value ol money is material, the promsron is based on the present value ol those amounts, discounted at the pr&lax discount rale that rellects the risks specific lo the liabilily. The unmnding ol the discount is iecognised within interest payable and similar charges. The charty only has financial assets and linancial liabilities ol a kirKI Ihal qualtfy as basic linancial instruments. Basic financial instruments are initially recr4nised at transaction value and subsequerrtly measured al their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the efleclive irrterest meth(Kl. Fund accountlng General funds are unrestricted lun(Is which are available for use at the discretion ol the Trustees in lurlherance of general objecti'ves of the chwtty and whKh have not been designated lor other purposes. Restricted funds are funds which are to be used in accordance wtth spec[r iestrthins IMSed by donors of which have been raised by th8 charity lor partular purposes. The costs ol raising and administering such fur$ are charged against the Specif fund. The aim and use ol eaeh r&slricted fund is set out in th& notes to the finarKial statem&nts. 2 Tanglble Ilxed assets Offlce equlpment Co81 At 1 January 2023 Al 31 December 2023 3,241 3,241
Humanlty at Heart Notes to tho financial statèmonts for the year ended 31 December 20rJ Depreclatlon Al 1 January 2023 Al 31 December 2023 3,241 3,241 Net book value Al 31 December 2023 3 Debtora 2022 Other debtors 14.685 14.693 4 Crgdllors: amounts talllng due wmhln one 2(r23 2022 Trade creditS 600 600 2022 Al 1 January 2023 Approv use ol restricted funds 7.024 11.024) 1.024 At 31 D8cember 2023 1,024 6 Flelated party transactlons During the year. m Trustees receNed any renumeratsons. During the year. m Trustees received any benelils in kind. During Ihe year, no Trustees received any reimbursements ol expenses. 7 Othor Infommllon Humanity at Heart is a privale company limited by shares arnl incotTwaled in England. Ils registered ollice is.. 28 Keymer Road Hassocks West Sussex BN6 8AN 12
Humanity Heart Detailed Stalomenl of Flnanclal Actlvilies lor the yèar ended 31 tlecember 2023 This schedule does not formpart ofihe stalutory accounts 2023 2022 Income from: Investments Donations 1,603 48,362 49.965 381 43,384 43,765 Direct C08ts Project support Travel and subsistence 40,526 1,635 42,161 55,841 55,841 Governance costs General administrative 8xpenses-. Bank charges 125 125 290 290 125 13