mailes Goldie CHARTERED ACCOUNTANTS Charity No. 109181 Company Registration No. 04372703 Help For Health (A company limited by guarantee) Report and Financial Statements 30 June 2024 SD-0217749-1-6 bJlidln% tO8whL•r. ICAEW CHARTERED ACCOUNTANTS
'Help for Health CONTENTS Page Legal and administrative infornmtion Rcport of the Board of Trus8 Report of the Auditor8 Statement of fllwicial activiti¢s Balance Sheet Notes forniing part of the financial ststements 10-14
Help for Health LEGAL AND ADMINISTRATIVE INFORMATION STATUS Th¢ organisalion is a charitable company limil¢d by guarantge (No. 04372703), incorporated on 13 February 2002 and registered as a charity on 30 April 2002 (No. 1091814). ThL name was Changed from The Humberside Charitable Health Tru¥t on 8 June 2010. Th¢ company was established under a Memordndum of Association which sets out the objects and powers of the charitable company and iy governed under its Articles of Association. Under thos¢ Articles, th¢ m¢mbers of the Board may be re- elected. BOARD OF TRUSTEES The following 8ervcd as trustees during the year and up to the date of this report.. Dr A Milner Mr R Field My R Fost¢r Ms C Hargreav¢s Mr A Mould Mr D K Nuttall Dr E Pinder MrSLSmith Ms V Winterton Chairman Apwinted 13 September 2023 REGISTERED OFI-.ICE Citsdel FIouse, 58 High Street, Hull, HUI IQE AUDITORS Smalles Goldie, Rc8ent8 Court, Prince&% Stre¢t, Hull, HU2 8BA BANKERS Barclays Bank SOLICI'foRS Rollit4 LLP, Citadcl House, 58 High Street, Flull, Ftul l QE INVESTMENI, MANAGERS F.vclyn Partner¥ Financial Planning Limit¢d, Central Suite, 2nd Floor, St Ann's Quay, 122 Quayside, N¢wca8tlc upon Tyne, Nt.13BD.
'Help for Health REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 The trnstees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of Arxounting and Reporting by Charities.. Statement of Recommendcd Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (cffeGtive I January 2019). OBJEcfIvES AND PUBLIC BENEFIT ACTIVITIES The company is a charity and is established to deliver grant% to relieve the sick and mentally and physically disabled and to support the developmcnt of medi¢al research and medical .¥ciences within Kingston upon Hull, East Riding of Yorkshire and North and North East Lincolnshirc. The charity carried out its objective% by inviting applications for grant aid from registercd charities and rCseah bodies. As a general rule, the charity does not award grants to individuals. The Board of Trustee8 Gonfirn] that they have referred to the gutdance contained in the Charity Commission'% General Guidance on Public bencfit when reviewing the aims and objective8 and in planning tUre activities. REVIEW OF THE YEAR INCLUDING FINANCIAL REVtF.W A with many charitics and other organisations holding fi]nds within stock markct linked portfolios, Help for Flcalth exp¢rienced a significant fall in the valuc ofits investment portfolios immediately followin¥ the start of the finyt Lockdown broughl about by thc Covid 19 pandemi¢ in March 2020. Although value8 r¢¢overcd by thc cnd of thc financial year lo 30 June 2021, world evcnts out.xide of our control lcd lo further significant lo%x¢s expcrienced during thL year lo 30 June 2022. We wcre plcased to see a rccovery during the two year% to 30 June 2024. Following ag¢mCnt between the trustees and the Charity Commis8ion the rctlidue uf the E,8tate of ihc late Mrs I. E La/enby was ablL to be transferred to Help fur Health. Undcr the lemis of her Will, thc ieiyidue of her F.$tate was lo fomi a charitable trust to assltit resident% of the Easl Riding of Yorkshire wilh medically rclated expense8 under lernis very similar to the objectives of Help for Health. Sums received are inveyted in a Restrictcd Fund to ensure they are targeted only at Ihe geographical area of the F,.ast Riding of York4hire, per her wi8hL'¥. During the ycar to 30 June 2024 grant amounting to £20,000 were made from thc La/.enby Fund. Further grant¥ amounting io £1 l 8,432. a¥ detailL.d on page I I, wcr¢ a180 made during the ycar together with contingent commitments of a further £158,800. New (unding came mainly from investment in¢omc and realised and unalled inv¢slment gains within the invesimcnt portfolio of £404,896 pcr page 8. A p081tive net movement in fund% of £319,595 has been added to rL'yerve8. As part of their Lontinuing review, the tru%tces havc been considering how thcy could assist thc local arca which suffers from a bhorta8L of healthcare profetisionalF. It was thereforc delighted to enter into a vL'nluTe with two other local Gharitics offcring bur4arie8 to local sixth fonn student'8 conlemplating hcalth relatcd degrL'¢ subject% al Universily but whcre financial issue¥ (as dcfmed) may restrict those ambitions. Bursarie¥ of £7,000 (included within the above £118,432) were paid during the year and this project Is expectcd to continue in fvture years. ORGANISATIONAL STRUCTURE The fijll Board of Trustees aim to meet bi-monthly and consider all matters lating to the charity. FU'fuRE STRATEGY AND REsf.RVES POLICY The charity tru8tcc% are continuing with a thorough rcview of their policies and futures ¥trategy. In the meantime, it plans to make grants Gonsistent with itb objectives and as the trustees Considcr appropriate. Applications are considered for healthcare provi8ion (including facilities and equipment), medical reseaff h and medical / health related cducation.
Help for Health REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 No grants are made whcre statutory funding should apply. Trnstces nornially apply a minimum two year gap between grants being awarded to the same organisation and in general ternis the trustees prefer not to be a sole fider of a projecL During the year the trustees Voted unanimously to change its Articles to enable it lo make loans to charities in appropriate circumstances. By 30 June 2024 no loans had been made, although negotiations have concluded on a loan to a local charity whiGh the trnstees expect to be drawn down during the following year. It is the trnstees, present intention to eftSU the charity's life is for at leasi fifteen years and to maintain reserves at levels to cnable it to do so while at the same time fulfilling its objectives. At 30 June 2024, resee8 amounted to £5,666,185 (2023: £5,346,590) including r¢stricted funds of £991,110 (2023.. £922,905). INVESTMENf POLICY The Board of Trustees has continued to engage Evelyn Partners to manage our investment portfolio within the Evelyn Partners PLrsonali8ed Investmcnt Management Scrvice. 'fhis enables Evclyn a greater involvement in our portfolio management over individual fijnd manag¢rs thereby making it easicr to manage our requircment?>. Note 5 summariscs th¢ p¢rforniancL of thc Funds and thc charges made. Advice and guidance is sought from Evelyn Parth¢r8 Financial Planning Limited to ensurc compliance with Lharity Commission Guidance on Investtnenl of Capital. The funds with F.velyn Partners arc inveyted with the aim of furthering our charitable objectivcs and purpose. Our key inveskncnl objcclive 1% to invesl thc charity's longer-ienn capital to pre5crve its rLal value, after inflalion. The focu8 is on investing on a total return basis and on managing the risk with the aim of ensuring wherc possible a relatively con.4isient rctum. I"he Irustees acG¢pt some fluctualions in thc value of Ihe tTU.8t's invc&tment¥, in th¢ thorLer tcrn), in order to try and achieve returns higher than those from cash and thc level of inflation and as such have invc¥ted with a moderate attitude towards ri%k. This involves investing acrost a wide range of a%%et cla¥yes in different maet5 to ensurc adequale div¢r%ification and may includL. both activc and pa%sive investmcnts. I"he inve%tment portfolio 1% reviewed and, if nece8¥ary, changed on a rcgular basis so the agreed risk slrate8y is mÉiinlaincd. Annual meetings takc place with F.velyn Partncr¥ and discussions arc held from time to time during the year. I'he Irustce.8 will never knowingly inve8t dirL'clly in a company or fund that promotvs products or %ervicey which Gould be considered harnifiil lo hLalih. 'Ihe ba. and rcporting currency of the investments is Sterling while the balancL' of fimds 18 held on bank current and deposit accounts. RISK REVIEW The Board of Tru¥tL'es conducted its own revicw of thc major risks to which the charity is exposed, and system4 have bcen established to miligate iho%c risks. Procedures are in place to cnsure that appliLationi* for grant4 are con8idered fully and made in fvrth¢rance of the charity's objectives. I'hc investment policy and perforn]ance are revicwed regularly. Rf.SPONSILIILITIES OF THE 'I'RUSI"EES The tru8t¢¢s (who are also directors of IIelp for Health Regist¢red Charity for the purposes of company law) arc re8ponsible for preparing the Tru8tees' Annual Report and the financial ¥tatem¢nts in a¢cordancc with applicable law and United Kingdom Accountancy Standards (United Kingdom Generally Accepied Accounting Practice). Company law requires th¢ trustees to prepare financial statements for each financial year, which giv¢ a true and fair view of the state of affairs of the charitablc company and of thc incoming re80urces and application of resources, including thc income and expenditure, of the charitable Company for that period. In prq)aring thcse financial statements, the Irustees are required to: sele¢t suitablc accounting policies and then apply them consistently. observe the methods and principles in the Charitie% SORP. make judgcments and estimales that are reasonable and pru(knt. prepar¢ the financial statements on the going concern basis unless it is inappropriate to psum¢ that the charitable company will continue in busin¢ss.
Help for Health REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 The trnstees are responsible for keeping proper accounting records which disclose with reasonable accurdcy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees, having considered all available infornlation about their financial reserves and ongoing commitments, havc a reasonable expectation that the company has adequate resources to continue its stated objectives and operational existence for a period exceeding 12 months from the date of approval of these financial statements and have therefo prepared the financial statements on a going concern basis. In so far as the trustees are aware.. there is no relevant audit inforn)ation of which the charitable company's auditor is unaware. and the trustes have tsken all 8tcps thal they ought to have taken to make thems¢lv¢s aware of any r¢l¢vant audit inforniation and to esiablish that the auditor is awarc of ihat information. MEMBF.RS OF THE BOARD OF TRUSTf.ES Members of the Board of Trustees who are directors for the purp08e of company law and tru4tees for thc purpose of charity law, who s¢rv¢d during the year and up io the date of this report arc 4et out on pag¢ l. Trustec% are already familiar with the practical work of thc ¢harity, most having been involved for a number of ycars. The policy for recruitmcnt of new trustees 18 to provide suitable inlroduclion und supporting documents to familiarise them with thc charily and its operations. The charity has become a full member of Yorkshire funders which offer.8 ¥UPPOrt and training opportunitics for trustces. Truslccs are recruited as necdcd to ensurL' that the Board has th¥ appropriate mix of skills and cxperience. Members of thc charilablc company guarantee to Lontribute an amount not exceeding £1 to the assel8 of the charitable cornpany in thc cvenl of winding up. lThe total number of 8uch guarantccs on 30 Junc 2024 wa¥ 9. INSURANCE COVER "rhe Company continucs to have insurance, with a limit of £lm, to cover it% director4 against thc cost of defL'nding IhemselvL¥ from any civil legal proceeding8 taken against them. I"0 the extLnt pem]irted by law, the Company al80 indemnifi¢s its directors who are also trnstec.4. Neither protection applies in thc evenl. of fraud or di%honesty. AUDII'ORS Smail¢s Goldic. was re-appointed as thc charitsble Gompany's auditor8 at th¢ Annual General Mc¢ting during the year and havc ¢xpr¢4xcd their willingness lo continue in that capacity. STATEMENT AS TO DISCLOSURF. OF INI.'ORMATION TO AUDITORS The dircrtors who were in office on the date of approval of thesc financial statements hav¢ confim]ed, as far as they are awarc, that therc is no r¢lcvant infonnalion of whioh the auditors are unaware. r.ach of Ihe dirLGlors have confirnied that thcy have taken all 8t¢PS that they ought to have taken as director4 to make themts¢lve8 aware of any r¢l¢vant audit infomiation and to establish that it has been Communicated to the auditors. Approved by the Board of Trustees on l Ymarch 2025 and signed on its behalf by: A Milner- Chairnian
Help for Health INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF HELP FOR HEALTH Oplnion We have audited the financial statements of Help for Health Registered Charity (the 'charitable company,) for the year ended 30 June 2024 which comprise Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the fmancial statement8'. give a true and fair view of the stale of the charitable company's affairs as at 30 June 2024 and of its incoming resources and application of resources, including its income and expenditu, for the year then endcd. have been propcrly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been pr¢par¢d in accordan¢e with the requirements of the Companies A¢t 2006. Basls of opinion WL conducted our audit in accordance with International Standards on Audiling (UK) (ISA4 (UK)) and applicabl¢ law. Our rc4ponsibilities under thoisc standards are further described in the Auditors r¢4ponsibilitic¥ for thc audit uf the financial ¥taL'm¢ntt section of our rcpun. We are independent of the charitable company in accordancc with thc ethical requir¢mcnts that are relcvant to our audit of the financial statements in the UK, including Ihe FRC'S F.thical Standard. and wc have fulfilled our other ethical re%ponsibilitics in accordance with these requircments. We believc that the audit evidence we have obtaincd is su1¢1¢nt and appropriate to providc a basi% for our opinion. Conclusions reltdllng to Roing concern In auditing thc financial 8tatem¢nt8, we have Concluded that the truNtces' use of the going concern basis of accounting in the preparation of the financial 8tatement8 is appropriate. Based on the work we havc perforn]cd, we have not identifiLd any material uncertainties relating i'o evcnts or Londition¥ thal, individually or collectively, May ca%t IgnifILanI doubt on thc chariiable Gompany's ability to Continue as a going concern for a period of at least twelve months from when the financial statcments are authoriscd issue. Our responsibilities and the responsibilitlC8 of the truSteC with respcct to going concem are describcd in thL' relevant .8eclions of this rL'port. Other information The trustees are reswnsible for the other infomiation. "lThc other infom]ation comprises the inforn]ation included in thc Annual Report, other than the financial statementy and our Report of the Indcpendent Audiior8 thcreon. Our opinion on ihc fmancial statements does not covcr the othcr inforniation and, cxcepi to thc ext¢nt otherwi4e explicitly stated in our rcport, wc do nol express any fonn of assurance conclu&ion thereon. In connection with our audit nf the financial ¥talemenls, our re%pon8ibility 1$ lo read the other infomation and, in doing 80, considcr whether the other inforniation iti materially inconsistent with th¢ financial statcm¢nls or our knowledge obtained in thG audit ()r otherwi.8¢ appLars to b¢ materially mi4tsted. If we tdentify such material inGon818tencics or apparent matcrial mi8Stalements, we are required to deterniine whether thi8 gives rise to a material misstatement in the financial ytaÉem¢nt&* themselvc8. If. based (In thc work we have perfornied, wc Conclude that therc is a material misstatcment of this or other infonnation, we required to report the faGt. We havc nothing to report in thi's regard. Opinion on other malters prescrlbed by the Companies Act 2006 In our opinion, bascd on the woik undcrtaken in the cour8e of the audit: the inforniation given in the Report of the Trustces for thc funCIal year for which the financial statements are prcpared is consistent with the financial statements. and the Report of the Trnstees has been prepared in accordance with applicable legal requirements. Mrdtters on which we are required to report by exceptlon In the light of th¢ knowledgc and understanding of the charitable company and it5 environment obtsined in the course of the audit, we have not identified material misstatemenls in the Report of the Trustees.
Help for Health INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF HELP FOR HEALTH (Continued) We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: adcquate accounting records have not b¢¢n kept or returns adequate for our audit have not been received from branche% not visited by us. or the financial statcments are not in agrecment with the accounting records and r¢turns' or ertain disclosures of trustees, remunerdtion specified by law a not made. or we have nol re¢eivcd all the inforniation and explanalion% we require for our audit. or the trnstees were not entitled to thk¢ advantage of the small companies exemption from the requirement to prepare a Stra81¢ Report or in preparing the RL'port of th¢ Trustccs. Responsibilities of trustees As explained more fully in the Staiemcnt of TStee8 Re$pOlbIlItieS, the tru8tccs (who are also the directors of the charitable company for thc putposes of company law) are responTrIble for the preparation of the fmancial %tatemenls and For being satisfied that thcy give a true and fair view, and for such internal control as the trustees deterniinc ity necessary to enablc the preparation of fu]ancial statements that are frec from matcrial misstatement, whether due to fraud or error. In preparing the financial tytatements, the trustces are responsiblc for assessing ihe charitable company's Èibility to continue as a going concern, disclosing, as applicable, matters related going conLern and using the going Concern basis of accounting unless th¢ trustees eithcr int¢nd to liquidatL. th¢ charitable company or to cease operations, or have no realitytic alt¢rnative but to do so, Audltor responslbiiities for the audlt of tht financlal statements Our objcclives are lo obtain rcayonable atrisurance about whcth¢r ihe fmancial statcments a8 a whole are free from material mi8$tatcment, whciher due to fraud or crror, and to issue a Report of the IndepLndent Auditors that include8 OUT opinion. Reasonable assurance is a high level ot'assurancv, but not a guarantcc thal an audit conductcd in occordance with LSAS (UK) will always delect a malerial misstatemenl. whcn it exists. MisstatL'ment8 can aritse from fraud or crror and arc considercd material if, individually or in the a88rcgate, they could reasonably be expectcd to influencc the economic decilOn5 of uscrs lakcn on ihe ba.%i% of these financial .%tatements. Irrcgularilies, including fraud, are in%tances of non-compliance with law8 And regulations. We design procedures in linc with our responsibilitie& outlined above, to detect material misslatemcnts in rL'spect of irregularilie8, including fraud. The cxtent lo which our procedure¥ are capablc ofdeteL'tingy irregularilies, including fraud is detailcd below: Because of the inhercnt limitation5 oran audit, Ihere 1% a risk that we will not deteLt all irreguliirities, including tho%c leading to material mi88tatcment in thc financial stalements or non-compliance with regulation. Thi8 risk increases the more that compliance with a law or regulation is rcmoved trom the events and transactions reflecled in the financial slalemcnts, as we will bc less likely to becomc aware of instances of non-compliance. 'fhe risk 1.4 also greater r¢gardin¥ irregularitics occurring duc to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or mi8fL'pf¢8enlation. A further de%crip¢ion of our responsibilitie5 for the audit of the financial slatements is located on the Financial Reporting Council's website at www.frL.or i uklauditorsres AuditOPi. oiitsibiliti¢s. 'fhis description fomis part of our Report of the Independent Our approach to identifying and assessing ihe risk¥ of material mi4statement in respect of irregularities including fraud and non-compliance with laws and regulations, was focused on speLific laws and regulations which we considcred may have a direct malerial L.ffect on the financial statements or the operations of the company, including the Companies Act 2006, tax legislation, data protection, anli-bribery, employment, Lnvlronmental and health and safety le81.81ation. An understanding of these laws and regulations and thc extent of compliancc was obtained through discussion with management and in%p¢cting legal and regulatory c0rresp)ndce. We assessed th¢ susceptibility of thc Company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of managemcnt and considering thc intemal controls in place to mitigate ri8ks of fraud and non-compliance with law¥ and regulations.
Help for Health INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF HELP FOR HEALTH (Continued) To address the risk of fraud through management bias and override of controls, we: perfonned analytical procedures to identify any unusual or unexpected relationships. tested journal entries lo identify unusual transactions. assessed whether judgements and assumptions made in d¢tennining the accounting estimates were indicative of potential bias. and Investigated the rationale behind significant or unusual transactions. In respon8e to the riskof IegularitIeS and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: agreeing financial statement di8clo%ures to underlyin¥ supporting documentation. reading the minutes of meetings of those charged with ¥ovemance; and enquiring of managemenl as to actual and wtential liti¥ation and claims. Due to the inherent limitations of an audit, there is a risk that we will not det¢ct all irrcgularitieq, including thoqc leading to a material mi¥¥tatement in the fmancial statements or non-compliancc with regulation. Thi¥ risk increases th¢ mor¢ that compliance with a law or regulation is removed from the event¥ and trdnsactions reflectcd in the fmanGial statements, as wc will bc less likely to berne aware of inslanccs of non-compliance. Auditing standards al80 limit th¢ audit procedurcs qUired to identify non-compliance with laws and regulations to enquiry of the direclors and othcr manag¢menl and the inspection of regulatory and Ic8al correspondence, if any. Thc risk is also greater regardin8 irrcgularitics oCCu1n8 due to fraud rather than error, as fraud involves intcntional onccalmcnt, forgery, collusion, Omilon, or misreprc8entslion. Use of our report This rcport i¥ madc Solely to the charitablc company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audil work has bccn undcrtaken so thal we might state to thc charitablc company's members tho matter¥ we are required to statc to them in an auditor4, report and for no other pury)ose. I'o the fulle%t exl'ent pennittcd by law, wc do not accept or assume re4ponsibility lo anyone othcr ihan thc charitable company aThd the charitable company'b members as a body, for our audit work, for this rcport, or for the i)pinion¥ WL. have forn]ed. lan Lamb FCA CF (Senior Statutory Audilor) For and on bchalf of Smalles (ioldie ChartLred AcLountant8 Statutory Auditor Regenl's Court Hull, HU2 8BA 141317alS
' Help for Health STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2024 Unrestricted Restricted Funds Funds Noles 2024 2023 INCOMING RESOURCES Int¢r¢st and investment inoome Donations Legacies Reclaimed grant 83,663 45 19,790 103.453 45 51,707 1,375 1,000 TOTAL tNCOMING RESOURCES 103 498 RESOURCES EXPENDF.D Charilable expendirt4re GranL4 payable Management and adrnini8tration l 18,432 42,317 20,000 8,050 138,432 50,367 117,337 37,369 T(yfAL RESOURCES EXPENDED 188,799 154,706 NET OUTGOLNti RESOURCF,S (77.041) (8,260) (85,301) ( l(Kl,624) Net realised and unrealis¢d investment gain8 328,431 76,465 404.896 83,795 Net movement in funds 251,390 68,205 319,595 (16,829) Total lld8 at l July 2023 4,423,685 922,905 5,346,590 5,363,419 Total funds at 30 June 2024 4,675 075 991110 5 666 185 5 346 590 All operation¥ clasqed as continuing. All gains and losse8 rccogni8ed in the year arc inclu(kd above.
Help for Health BALANCE SHEET AS AT 30 JUNE 2024 Company Registration No. 04372703 Notes 2024 2023 [NVESTMEs 5,698,323 5,232,754 CURRENf ASSETS Cash at bank Debtors 6,128 281 124,265 170 6,409 124,435 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 38,547 10,599 NET CURRENT (LIABII.ITIES) I ASSETS (32,138) 113,836 CREDITORS: AMOUNTS FALLING DUF. IN OVER ONE Yf.AR NE.T ASSETS 5666 185 5 346 590 UNRFSI'RICTED FUNDS Gcneral fund.8 4,675,075 4,423,685 RESTRICTED FUNDS La/.enby fund 991,110 922,905 TO'fAL FUNDS 5 666 185 5 346.590 The fmancial statements have bccn preparcd in accordance with the provI10nS applicable to charitable companies, subject to the small companics, regimc. The fmancial ytatements were approved by the Board of Twstees and authorised for issue on Iltmarch 2025 and were signed on its behalf by: ilner~ DIrtOr A. A Mould - Director
'Help for Health NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 ACCOUNTING POLICIES (a) Help for Health is a private company, limited by guarantec. registered in England and Wales. The company's regi¥tered number and register¢d offLc¢ addrcss 15 given on page l of these financial statement¥. Thc financial statements of the chaTlty, which is a public bencfit entity under FRS 102. have been prepared in aGcordance with the Ch1t1¢* SORP (FRS 102) 'Accounting and Rewrting by Charities.. Statement of Recommended Pracli¢e appli¢able to charities preparing their account.% in accordance with the Financial Reporting Standard applicable in lh¢ UK and Republic of Ireland (FRS 102) (cffective l January 20I9)'. Financial Reporting Standard 102 'The FinanGial Reporting Standard applicable in the UK and Republic of treland, and the Charities Act 2011. The financial statements havc bcen prepared under the historical cost convention, with the exception of investtnent¥ which are included at market valuc, as modified by tbe revaluation of certain assets. The financial statements are prcpared on a going concern basis under th¢ historical cost Conventio modified to include certain ilems at fair value. The financial statements are pre.nted in sterling which is the functional currency of the charity and rounded to the nearest pound. The significant accounting policies applied in the prcparation of these financial statements are set out below. These policies hav¢ been consistcntly applied to all years presented unless otherwise stated. (b} Resourccs ¢xpended arc recognised in the period in which they ar¢ incurred and are accountcd for on an accrual baiyls. Re8ourccs expended include atlributablc VAT which cannot be rc¢overed. (c) Unrestricted fund8 arc donation8 and other incoming re8ourccs receivablc or generated for the objects of the charity without further spetyified purpose and are available as general funds. (d) Rcstricted fund$ arc donations and other incoming resources rcceivable or generated for the objects of the charity that can only be used for the purpose SPCLificd by ihe donor. (c) Listed investtncnty are included in the account¥ al Market Value. Thc variance between the valuation of invc%tmenl8 at the balance Nhcel date and thc purchase pricc is shown ab unrealised gains or losses in the statement of financial activities. (Q Income Incomi generally 18 rcco¥nised when the charity ha¥ entiilerncnt to the fundy and il is probable that Ihc income will be re¢civcd and the amount can be measured reliably. Income from grants and legacies is recogniged when the charity has entitl¢ment to thc nds, any pcrforniance conditions attached to thc grants and legacies have been met and it is probable that the income will be TeceivL.d and the amount can be rneasurL reliably and ib not deferred. Intetcst received on funds held on depxTrsit is included when rcceivable and the amount can be measurcd reliably by the charity. (g) Debtors and Creditors Debtors a recorded at trdn¥a¢tion price. they relaie to income that has been recognised in the aGGount8 but has not been received by the balance sheet date. Creditors are recorded at transaction price, Ihey rclate to expenditure recognised within the account8 bccause a legal or ConStntive obligation cornmitting the charity to that expenditure exi8L4, but the liability has not been settled by the balance sheet date. GrdDts approved and committed by the balance shcct date but not paid to charitics are accrned within these accounts. (h) Tangible Tr ixed Assets Individual tangible fixed assets C05ting £1,000 or mor¢ are capitalised at cost. 10
Help for Health NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 2 TOTAL RESOURCES EXPENDED 2024 2023 Grants payable in furtherance of the charity's objects: From unrestricted funds From restricted funds 118,432 20,000 85.040 138.432 117337 Unrestrlcted funds Healih Stars tranchc 2 HEY Smile Foundation Macmillan Cancer SupFK)rt Student Bursaries via Jvenn Local Dcfibrillalor projcct (HANDS) St Andrew's Hospice I'cam Teeth I.imitcd Other grant8 of £2,5(K) or less 50,000 24,193 15,000 7,000 6,859 6,000 5,000 118432 Restricted funds Mire8 Beck Nursery . tranchc 2 Beverlcy Community Lift 15,000 Management and Adminijtratlon: I.egal and protessional (including Indemnity insuranLe) Audit fce Investment portfolio charges Other administration 313 3,698 42,710 534 8,400 28,006 429 TOTAL RESOURCES EXPENDED 188 799
'Help For Health NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 NET INCOMING RESOURCES FOR THE YEAR This is stated after charging: 2024 2023 Auditors, remuneration: Audit and accounting services 3,698 8,400 4 TAXATION The charitable company is exempt from co4x)ration tax on its charitable activiti¢s. 5 INVESTMENrs Cash and settlements pending List¢d Investm¢nt8 Totsl Market value as at 30 June 2023 Additions Disposals Cash funds in/(out) Charges Investment income Gains/(losses) on disposal/revaluatlon 4,996,725 987,694 (743.589) 236,029 (987,694) 743,589 5,232,754 (42,710) 103,383 (42,710) 103,383 404.896 404.896 Market value 30 June 2024 5 645 726 52.597 5,698,323 6 DEBTORS 2024 2023 Dcbtors 281 170 7 CREDITORS: AMOUNI'S FAI,LING DUE WITHIN ONE YEAR 2024 2023 Accruals (including grants approved by the balance 8hcet date) 10,599 8 ANALYSIS OF NE,T ASSETS BETWEEN FUNDS Unrestricted Funds Restricted Fund 2024 2023 Investments Current assets Creditors 4.622.622 91,000 1,075,701 (84,591) 5,698,323 6,409 5,232,754 124,435 10,599 NET ASSETS AT 30 JUNE 2024 4,675,075 991,110 5,666.185 5,346,590 12
Help For Health NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 9 MOVEMENfs IN FUNDS Movements in funds are as follows: At l July 2023 Incoming Resources Outgoing Resources At 30 June 2024 UNRF,.STRtCTED FUNDS.. General funds 4.423 685 412 139 160749 4 675 075 RESTRICTED FUNDS: Lazenby Fund 922,905 Comparatives for movements in funds are as follows: At l July 2022 Incoming Rcsources Outgoing Resou$ At 30 June 2023 UNRESTIUCTF.D FLfNDS: General fund4 4 432 179 107 675 4 423.685 RESTRICTED FUNDS: Lazenby Fund 38.537 922.905 10 CONI'1NGETr T.IABII.ITIES On 30 June 2024 contingent liabilities tolalled £158,800. 'fhese con&isl of grants approved but not payablc until statcd condition¥ have been mct. During a year it is not unu¥ual for the trustee.4 lo receive requestN for funding iowards all manner of charitable projecty. Ir the %uccess of such project4 18 dependent upon external factor4 8uch as third-party grnnt applicalions and regulatory issues, the tN¥tce8 may agree a granl but only as the fmal tranche of tunding required for the project to procecd. A number of 8uch pledges were outstanding on 30 June 2024 but no oth¢r funds had been committed at that datc wilh any certainty. I I TRUSTEES, Rf..MUNERA"I'ION AND BF.NEI.'ITS No remuncration was paid to the trugtee8 and no payments were mad¢ to third parties on behalf of thc tNste¢8. Trust¢es' expenses The trustees werc reimbursed expentles during the ycar of £312 (2023 £44). Thi8 equates to administrative expentK8 paid via personal payment ¢ard8. 13
'Help For Health NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 12 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfivITIES Unrestricted Funds Restricted Funds Total Funds INCOMING RESOURCES Interest and investment income Donations and transfers Reclaimed grant 41,365 1,375 10,342 51,707 1,375 TOTAL INCOMING RESOURCES RESOURCES EXPENDED Charitable expenditure Grants payable Manag¢ment and athninistration 85,040 32.297 117.337 TOTAL RESOURCES EXPENDED 38,537 154 706 NET OUTGOING RESOURCES Inve.4iknent gains and losses (72,429) (28.195) (100.624) Net movement in fund8 (8,494) (8,335) (16,829) Totsl funds brought forward 4432 179 5 363419 Total fund8 carricd forward 4 423 685 922 905 5 346 590 13 RELATED PARTY DISCLOSURE During the year grants totalling £24,193 were awarded to the Hey Smile Foundation, a charity with a common truste¢ (2023,. Nil). 14