REGISTERED CHARITY NUMBER: 1058106
Report of the Trustees and Unaudited Financial Statements for the Year Ended 30th September 2022
for
The Greenheart Trust
West - Chartered Accountants Office 2 Greswolde House 197b Station Road Knowle Solihull West Midlands B93 0PU
The Greenheart Trust
Contents of the Financial Statements for the Year Ended 30th September 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
The Greenheart Trust
Report of the Trustees
for the Year Ended 30th September 2022
The trustees present their report with the financial statements of the charity for the year ended 30th September 2022. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Greenheart Trust was established to protect and preserve Guyana's magnificent and precious flora and fauna.
Significant activities
We support individuals and grass root organisations in their work to conserve Guyana's natural heritage.
Public benefit
The Trustees have read and follow the guidance issued by the Charity Commission on public benefit.
ACHIEVEMENT AND PERFORMANCE Charitable activities
The Greenheart Trust has supported public awareness and legal campaigns in Guyana for the public benefit, including promoting the rule of law and the protection of Guyana's rich natural heritage for current and future generations.
FINANCIAL REVIEW
Reserves policy
The Charity does not hold a reserve.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1058106
Principal address
Dairy House Stoneleigh Abbey Kenilworth CV8 2LF
Trustees
J K Paull (resigned 1/5/2022) S Keats M A G Dixon V Persaud (appointed 1/5/2022) (resigned 31/3/2023)
Independent Examiner
West - Chartered Accountants Office 2 Greswolde House 197b Station Road Knowle Solihull West Midlands B93 0PU
Page 1
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Independent Examiner's Report to the Trustees of The Greenheart Trust
Independent examiner's report to the trustees of The Greenheart Trust
I report to the charity trustees on my examination of the accounts of The Greenheart Trust (the Trust) for the year ended 30th September 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
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.
Susan West FCA West - Chartered Accountants Office 2 Greswolde House 197b Station Road Knowle Solihull West Midlands B93 0PU
9th April 2023
Page 3
The Greenheart Trust
Statement of Financial Activities
for the Year Ended 30th September 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2,161 EXPENDITURE ON Raising funds 2 1,290 Charitable activities Support of legal action to protect the environment in Guyana 3,748 Total 5,038 NET INCOME/(EXPENDITURE) (2,877) RECONCILIATION OF FUNDS Total funds brought forward 15,323 TOTAL FUNDS CARRIED FORWARD 12,446 |
Restricted funds £ 217,453 182 209,390 209,572 7,881 94,889 102,770 |
2022 Total funds £ 219,614 1,472 213,138 214,610 5,004 110,212 115,216 |
2021 Total funds £ 190,994 |
|---|---|---|---|
| 1,780 109,410 |
|||
| 111,190 | |||
| 79,804 30,408 |
|||
| 110,212 |
The notes form part of these financial statements
Page 4
The Greenheart Trust
Balance Sheet
30th September 2022
| Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 13,436 CREDITORS Amounts falling due within one year 5 (990) NET CURRENT ASSETS 12,446 TOTAL ASSETS LESS CURRENT LIABILITIES 12,446 NET ASSETS 12,446 FUNDS 6 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 102,770 - 102,770 102,770 102,770 |
2022 Total funds £ 116,206 (990) 115,216 115,216 115,216 12,446 102,770 115,216 |
2021 Total funds £ 111,112 (900) 110,212 110,212 110,212 15,323 94,889 110,212 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 9th April 2023 and were signed on its behalf by:
S Keats - Trustee
The notes form part of these financial statements
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The Greenheart Trust
Notes to the Financial Statements for the Year Ended 30th September 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Support costs | 1,472 | 1,780 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30th September 2022 nor for the year ended 30th September 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30th September 2022 nor for the year ended 30th September 2021.
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continued...
The Greenheart Trust
Notes to the Financial Statements - continued for the Year Ended 30th September 2022
| 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 2,241 EXPENDITURE ON Raising funds 1,303 Charitable activities Support of legal action to protect the environment in Guyana - Total 1,303 NET INCOME 938 RECONCILIATION OF FUNDS Total funds brought forward 14,386 TOTAL FUNDS CARRIED FORWARD 15,324 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 6. MOVEMENT IN FUNDS At 1.10.21 £ Unrestricted funds General fund 15,323 Restricted funds 1 5,755 2 88,585 3 549 94,889 TOTAL FUNDS 110,212 |
Restricted funds £ 188,753 477 109,410 109,887 78,866 16,022 94,888 2022 £ 990 Net movement in funds £ (2,877) 115 (17,570) 25,336 7,881 5,004 |
Total funds £ 190,994 1,780 109,410 111,190 79,804 30,408 110,212 2021 £ 900 At 30.9.22 £ 12,446 5,870 71,015 25,885 102,770 115,216 |
Total funds £ 190,994 |
|
|---|---|---|---|---|
| 1,780 109,410 |
||||
| 111,190 | ||||
| 79,804 30,408 |
||||
| 110,212 |
continued...
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The Greenheart Trust
Notes to the Financial Statements - continued for the Year Ended 30th September 2022
6. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds 1 2 3 TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds 1 2 3 TOTAL FUNDS |
Incoming resources £ 2,161 115 146,055 71,283 217,453 219,614 At 1.10.20 £ 14,386 6,225 3,039 6,758 16,022 30,408 |
Resources Movement expended in funds £ £ (5,038) (2,877) - 115 (163,625) (17,570) (45,947) 25,336 (209,572) 7,881 (214,610) 5,004 Net movement At in funds 30.9.21 £ £ 937 15,323 (470) 5,755 85,546 88,585 (6,209) 549 78,867 94,889 79,804 110,212 |
|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds 1 2 3 TOTAL FUNDS |
Incoming resources £ 2,241 572 188,181 - 188,753 190,994 |
Resources Movement expended in funds £ £ (1,304) 937 (1,042) (470) (102,635) 85,546 (6,209) (6,209) (109,886) 78,867 (111,190) 79,804 |
|---|---|---|
continued...
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The Greenheart Trust
Notes to the Financial Statements - continued for the Year Ended 30th September 2022
6. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds 1 2 3 TOTAL FUNDS |
At 1.10.20 £ 14,386 6,225 3,039 6,758 16,022 30,408 |
Net movement in funds £ (1,940) (355) 67,976 19,127 86,748 84,808 |
At 30.9.22 £ 12,446 5,870 71,015 25,885 |
|---|---|---|---|
| 102,770 | |||
| 115,216 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds 1 2 3 TOTAL FUNDS |
Incoming resources £ 4,402 687 334,236 71,283 406,206 410,608 |
Resources Movement expended in funds £ £ (6,342) (1,940) (1,042) (355) (266,260) 67,976 (52,156) 19,127 (319,458) 86,748 (325,800) 84,808 |
Resources Movement expended in funds £ £ (6,342) (1,940) (1,042) (355) (266,260) 67,976 (52,156) 19,127 (319,458) 86,748 (325,800) 84,808 |
|---|---|---|---|
| 86,748 | |||
| 84,808 |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30th September 2022.
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The Greenheart Trust
Detailed Statement of Financial Activities for the Year Ended 30th September 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations Total incoming resources EXPENDITURE Charitable activities Insurance General expenses Travel Legal & consulting fees Support costs Finance Bank charges Governance costs Telephone & internet Postage and stationery Accountancy & accounting software fees Total resources expended Net income |
2022 £ 219,614 219,614 831 5,699 22,515 184,093 213,138 228 150 - 1,094 1,244 214,610 5,004 |
2021 £ 190,994 |
|---|---|---|
| 190,994 - - 2,319 107,091 |
||
| 109,410 - 302 698 780 |
||
| 1,780 | ||
| 111,190 | ||
| 79,804 |
This page does not form part of the statutory financial statements
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