2020-12-31-accounts - Hey Smile Foundation

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			Page
Report ofthe Trustees		1	to	6
Independent Auditor's Report		7	to	9
Consolidated Statement	ofFinancial Activities
Consolidated Balance Sheet
Charity Balance Sheet			12
Coasolidated Cash Flow	Statement		13
Notes to the Consolidated	Cash Flow Statemeat		14
Notes to the Consolidated	Financial Statements	15	to	28
Detailed Statement ofFinancial Activities		29	to	30

Report ofthe Trustees for the Y	Report ofthe Trustees for the Y	Report ofthe Trustees for the Y	Report ofthe Trustees for the Y	ear Eaded 31December 202	0
STRUCTURE, GOVERNANCE				AND MANAGEMENT
Organisational structure
At any one	time in the	reported	year, the Charity had a minimum		ofseven Directors/trustees.	They consisted of;
Mr Jim Dick OBE
Dr Andrew	Milner
Mr Melvyn	W Sadofsky FCA
Mr Paul Plaxton
Mrs Helen	Bissett (Resigned Jan			2020)
Mr Andrew	Bowden
Mr Graham	Cross
Mrs Cathy	Phillips
Mr Dileepa	Ranawake	(appointed		06/01/2020)
Mr Tim Wigglesworth		(appointed		12/03/2020)
Ms Patricia	Dalby (appointed		12/03/2020)

				HE	HE	HE	Y Smile Foundation	Y Smile Foundation
				Consolidated			Statement ofFinancial Activities
			Iac	ora	n	an	Income and Ex ndlture	Account
				for	tbe	Year Ended 31December 2020
									31.12.20	31.12.19
							Unrestricted	Restricted	Total	Total
							fund	fund	funds	funds
						Notes
INCOME	AND ENDOWMENTS		FROM
Donations	and legacies						767,730	101,072	868,802	1,611,957
Charitable	activities
Payable in	furtherance	ofthe charity's objects					846257		846457	447,485
Investment	income						714	~104795	~105509	26,299
Total							1,614,701	205,867	1,820,56$	2,085,741
EXPENDITURE ON
Charitable	activities
Payable in	furtherance	ofthe charity's objects					1,267,109	125,519	1392,628	814,396
Net gains on investments							45,489		45,4$9	13,687
NET INCOME							393,0$1	$0348	473,429	1,285,032
RECONCILIATION		OF FUNDS
Total funds brought forward							1382,549	1,402,290	2,784,839	1,499,807
TOTAL FUNDS CARRIED FORWARD							~1775630	~1482638	~358 68	~2784 839

	RKl~khetghagg	RKl~khetghagg
	Qudkdhhggg 'i)gtgf 3~mhef 2(litt
				31.12.20	31.12.19
		Umestricted		Total	Total
	Notes	fund f		thuds 6	funds
FIXEDASSETS
labmgibla meets	13	gr562	14,435	2tkP97	26~
Tangible assam Inveetrneam	14 15	43)06 ~375		43)06 ~175	3,144 ~013786
		1,070,643		13)85,078	1,043.176
CURRENT ASSETS
Debtors Cash st hank snd in head	16	89&186 ~754 13		89,186 ~767457	64,260 ~341606
CREDITORS
Amounts gtgiag due within oocyear	17	(893)11)		(89,011)	(45,799)
TOTAL ASSETSLESS~				~767632	~360067
LIABILITIES		1,825,631	27,079	1,852,710	1,403,243
CREDITORS
Amounts gdting due altar mom then one year	18	(S0,000)		(50,000)
		~277 1	27079	~1710	~(403 3
FUNDS	20
Unresaicted funds RastriaM fimds				1,775,631 ~27 079	1,38L549 ~20 694
TOTAL FUNDS				720	~13 43

					HEY	Smile Foundation
				Con	li	ted Cash Flow Statement
			f	r th	Year	Ended 31December 2020
						31.12.20		31.12.19
				Notes		K		f
Cash flows from operating activities Cash generated from operations						~414	612	1,292,507
Net cash provided by operating activities						~414	12	1,292,507
Cash tlows from investing	activities
Purchase ofintangible fixed assets								(26,246)
Purchase oftangible fixed	assets					(2,696)		(785)
Purchase offixed asset investments								(930,999)
Interest received							725	1,050
Cash acquired on charitable combination Net cash received on disposals/acquisitions			of	investments		40,429 ~39 190
Net cash used in investing	activities					~77	648	956 980
Cash flows from tinancing New loans in year	activities					~50	000
Net cash provided by financing activities						~50	000
Change in cash and cash	equivalents	in	tbe
reporting period						542860		335,527
Cash aad cash equivalents	at the beginning			of
the reporting period						504,298		168,771
Cash and cash equivalents	at the end	of	tbe
reporting period						1,046,558		~504 298

		Notes to tbe Consolidated Cash Flow State forthe Year Ended31De m r2 2	Notes to tbe Consolidated Cash Flow State forthe Year Ended31De m r2 2	ment
RECONCILIATION		OFNET INCOME TO NET CASH FLOW FROM		OPERATING ACTIVITIES
				3L12.20	31.12.19
				5	f
Net income for the	reporting		period (asper the Statemeat ofFinancial
Activities)				473,429	1,285,032
Adjustments for: Depreciation charges				6,441	1,320
Assets acquired on	charitable		combination	(36,712)
Gain on investments				(45,489)	(13,687)
Interest received				(725)	(1,050)
Increase in debtors Increase in creditors				(26,663) ~44331	(1,308) 22 200
Net cash provided	by	operatioas		414,612	1,292,507

ANALYSIS OF CHANGES	IN NET FUNDS
		At 1.1.20	Cash flow		At 31.12.20
Net cash
Cash at bank and in hand		435,298	503,070		938868
Cash held within investment	portfolio	69,000	39,190		108,190
		504 98	~542	260	1,046,558
Debt
Debts falling due after I year			~50	000	~50 000
			~50	000	~50000
Total		~504 98	~492	60	~996 58

DONATI	ONS AND L	EGACIES
				31.12.20	31.12.19
Gifts in kind				43,370	53,773
Corporate	donations			58,187	59,849
Gift Aid				4,861	6,416
Events and sponsorship				27,659	158,068
Charity appeals				21,284	8,011
Trust and	grants			676,729	55,458
Legacies					1,270,382
Acquired	on charitable	combination	with subsidiary	36,712
				~868 2	~1611957

	Trust and Greats
							2020		2019
	Audrey Mosey						4,800		10,400
	CallER Collective						31,438
	Community Hub						10,000
	Covid-19 Charitable		Respoase				361,973
	DeBibrillators						9395
	Dewhirst Charitable		Trust				4400		4,500
	East Riding ofYorkshire Council						130,000		17,310
	HighFiver						65,609
	John Hollis Trust						1,290		1,290
	Makiag aDifference		Locally				1,746		1,746
	SirJames Reckitt	Charity					2,000		2,000
	Spark Fund								777
	Spark Fund —The Beecan						69887		14,435
	Employment ABowance								3,000
	Smile						37,091
	Smile ByTbe Sea						5,000
	The Vault						5,000
							676,729		55 456
3.	INVESTMENT INCOME
							31.12.20		31.12.19
	Deposit account interest							725	1,050
	Rents receivable						104,784		25,249
							295	5II9	26.299
4.	INCOME FROM	CHARITABLE ACTIVITIES
							31.12.20		31.12.19
				Activity			8
	Funded charitable	activity		Payable in furtherance	ofthe charity's	objects	~846 257		~447 485
5.	CHARITABLE ACTIVITIES COSTS
						Grant
						funding of
						activities	Support
					Direct	(see note	costs	(see
					Costs	6)	note	7)	Totals
	Payable in furtherance objects		ofthe charity's ~273 85			~822 434	296,809		~192.628

GRANTS PAYABLE
			3I.I2.20	31.12.19
Payable in fiutherance	ofthe charity's objects		~822 34	~186217
Grants payable include	the	following:
			2020	2019
Armitage Thanks Grants		Paid	1,000	2,180
Audrey Mosley Grants Paid			42,235	2,000
Community Hub			2,936	25,322
CPR			11337	2,860
DeBibrillators			1,446	3,502
Devils Kitchen benefitting		charities	1,770	7,192
Digital Divide			10,000
Donation ofSmile Time			288323	73,336
Double Tree Hilton				365
East Riding Resilience Fund			29,501
EMT Trust			1,820	1,820
Covid-19 Charitable	Response		328,563
Grants Uader 81,000			3,441	15,267
Health Stars			64	23,389
Health Tree Foundation			3483	1,914
HighFiver			29,116
Home Start Goole			46,000
Horasea Grants Paid				238
Hugh Rice Grants Paid				280
Humber Half Marathon				40
KCOM Grants Paid				2,570
Men in Sheds			4,000
More Together				9,546
Nippon Grants Paid			9,129	1,150
Run With It				60
Sargent Electrical Grants		Paid	2,548	5,700
Smile 365			(233)	(365)
Smile by the Sea Breaks				4,106
The One Point Grants Paid			5,855	3,744
			822,434	186,217

						Information
			Management		Finance	technology
Payable	in furtherance	ofthe charity's objects	204,910		192	6,484
					Governance
			Other		costs	Totals
				f
Payable	in furtherance	ofthe charity's objects	~58 958		~26 265	~296 809
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated atter charging/(crediting):
					31.12.20	31.12.19
Depreciation - owned assets					1,192	1,320
Auditor's	remuneration				2,800	2,800
Development costs amortisation					~5249

STAFFCOSTS
					31.12.20	31.12.19
Wages and salaries					495,478	403,465
Social security costs					44,175	34,721
Other pension costs					~14387	11,629
					5~54 040	4~49 815
The average monthly	number ofemployees		during the year was	as follows:
					31.12.20	31.12.19
Employed staff					26	22
The number ofemployees		whose employee	benefits (excluding	employer	pension costs) exceeded f60,000	was:
					31.12.20	31.12.19
860,001 - f70,000					I	1

		Notes to	the Consolidated	Financial Statements - continued
			for the Year Ended 31December 2020
11,	COMPARATIVES FOR THE STATEMENT OF			FINANCIAL ACTIVITIES
				Unrestricted	Restricted	Total
				fund	fund	funds
				8
	INCOME AND ENDOWMENTS		FROM
	Donations and legacies			1,597,420	14,537	1,611,957
	Charitable activities
	Payable in furtherance	ofthe charity's objects		447,485		447,485
	Investment income			1,047	25,252	26,299
	Total			2,045,952	39,789	2,085,741
	EXPENDITURE ON
	Charitable activities
	Payable in furtherance	ofthe charity's objects		787,628	26,768	814,396
	Net gains on investments			~13687		13,687
	NET INCOME			1,272,011	13,021	1,285,032
	RECONCILIATION	OF FUNDS
	Total fuads brought forward			110,538	1,389,269	1,499,807
	TOTAL FUNDS CARRIED FORWARD			1,382,549	1,402,290	2,784,839
12.	GIFTS IN KIND
	Throughout the year, the charity received several services which were donated. These include;
					2020	2019
					8
	Oflice Rental - Gosscbalks				26,518	26,518
	Legal Services - Gosschalks				6,089	6,089
	ITServices - Gosschalks				3363	3,363
	Accountancy -360Accountants				7,400	6,400
	Events					11,403
					43370	53,773

	for the Year Ended 3	1December 2020
13.	INTANGIBLE FIXEDASSETS
			Development
		Goodwill	cost's	Totals
			f.
	GROUP
	COST
	At 1January 2020aud at 31December 2020	2,857	26,426	29,103
	AMORTISATION
	At 1January 2020 Charge for year	2,857	~549	2,857 ~5249
	At 31 December 2020	~2857	~549	~8106
	NET BOOK VALUE
	At 31 December 2020		~20 997	~20 997
	At 31 December 2019		~26 246	~26 246
	COMPANY
	COST
	At 1 January 2020 and 31December 2020	~2857	~26 246	29,103
	AMORTISATION
	At 1January 2020	2,857		2JI57
	Charge for year		~5249	5,249
	At 31 December 2020	~2857	~5249	~8106
	NET BOOK VALUE
	At 31 December 2020		20,997	~20 997
	At 31 December 2019		~26 246	~26 246

	Notes to the Con f rthe	solidated Financial Statem Y rEnd d 1D cemb	ents - n 'cued r2 20
14.	TANGIBLE FIXEDASSETS
		Freehold	Motor	Computer
		property	vehicles	equipment	Totals
					g
	GROUP
	COST
	At 1 January 2020 Additions	1490,000	8,500	14,779 ~326	1$13,279 ~326
	At 31December 2020	1~90000	8,500	~18105	~116605
	DEPRECIATION
	At 1 January 20 Charge for year		8,500	11,635 ~1192	20,135 ~1192
	At 31December 2020		~850	~12827	~21 27
	NET BOOK VALUE
	At 31 December 2020			~5278	~1295278
	At 31December 2019	1~290000		3,144	1,293,144
			Motor	Computer
			vehicles	equipment	Totals
				g
	COMPANY
	COST
	At 1 January 2020		8,500	14,779	23,279
	Additions			~2696	~2696
	At 31 December 2020		~8500	~17475	~25975
	DEPRECIATION
	At 1 January 2020		S,500	11,635	20,135
	Charge for year			~1034	1,034
	At 31 December 2020		8,500	12,669	21,169
	NET BOOK VALUE
	At 31 December 2020			4,806	~4806
	At 31 December 2019			3,144	3,144

				Cash and
			Listed	settlements
			investments	pending	Totals
GROUP MARKET VALUE
At I January 2020			944,686	69,000	1,013,686
Net proceeds from disposals/acquisitions		ofinvestments	(39,190)	39,190
Revaluations			45489		45,489
			950 985	808890	1,059,175
NET BOOK VALUE
At 31 December 2020			950,985	108,190	1,059,175
At 31 December 2019			~944 686	69,000	~1013686
There were no investment	assets outside	the UK.

Means of	control: The sole trustee ofthis charity is HEY Smi	le Foundation
		31.12.20
Aggregate	capital and reserves	70,796
Profit for	the year	34,084

DEHTORS: AMOUNTS F	ALLING DUE W	ITHIN ONE YEAR	ITHIN ONE YEAR
		GROUP		COMPANY
		31.12.20	31.12.19	31.12.20	31.12.19
Trade debtors		81,873	54,357	81,203	55,424
Other debtors Prepayments		7,000 983	7,554 ~1282	7,000 983	7,554 ~1282
		89,856	63,193	~89 186	~64 260
CREDITORS: AMOUNTS	FALLING DUE	WITHIN ONE YEAR
		GROUP		COMPANY
		31.12.20	31.12.19	31.12.20	31.12.19
				g
Trade creditors		76,933	15,487	71,438	15,458
Social security and other taxes		9,580	21,771	9,580	21,771
Other creditors Accruals and deferred income		4,229 4,664	5,770 3,700	4,229 ~3764	4,870 3,700
		95,406	46,728	89,011	45,799
The movements in deferred	income are analysed	as follows:
		GROUP		COMPANY
		31.12.20	31.12.19	31.12.20	31.12.19
Deferred income at 1 Jan		3,700	1,800	3,700	1,800
Amounts released from previous years		(3,700)	(1,800)	(3,700)	(1,800)
Incoming resources deferred	in the years	964	3,700	964	3,700
Deferred income at 31Dec		964	3,700	964	3 700

CREDITO	RS: AMOUNTS FALLING DUE AFTER MO	RE THAN ONE	YEAR
				31.12.20	31.12.19
Bank loans	(see note 18)			~50 000
LOANS
An analysis	ofthe maturity ofloans isgiven below:
				31.12.20	31.12.19
Amounts falling due between two and five years:
Bank loans				~50 000
MOVEMENT IN FUNDS
GROUP
				Net
				movement	At
		At 1.1.20		in funds	31.12.20
Unrestricted	funds
General fund Designated funds —IAM Fund		100,480 ~1282069		385,027 ~8054	485,507 ~1290123
		~182	9	~393081	775630
Restricted funds
JBWillows	Working Men's Cottages	1381,596		3,167	1384,763
Hull Youth	Support Trust			70,796	70,796
Spark Others		14,435 6,259		6485	14,435 ~12644
		~f402	290	~80 48	~1482,638
TOTALII'UNDS		~2784,839		~473 429	~3258 268

		incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund Designated funds —I AM Fund		1,609,901 4,800	(1,224,874) ~43,235	45,489	385,027 8,054
		1614301	~2263209	45400	393001
Restricted funds
JBWillows	Working Men's Cottages	46,427	(43,260)		3,167
Hull Youth	Support Trust	151,609	(80,813)		70,796
Spark Others			~1446)		6385
		30086'I	~125519		80 48
TOTAL FUNDS		~120 568	~192~628	45,489	I 473429
COMPANY
				Net
				movement	At
			At 1.1.20	in funds	31.12.20
Uarestricted	funds
General fund			100,480	385,028	485,508
Designated	funds —IAM Fund		~1282069	8,054	1,290,123
			~182549	~393082	~1775631
Restricted funds
Spark Others			14,435 ~6259	~685	14,435 ~12644
			20,694	6385	27,079
TOTAL FUNDS			1,403,243	399,467	1,802,710

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
					8
Unrestricted		funds
General fund Designated funds —IAM Fund			1,621&803 ~4800	(1,236,775) ~42 235	~45489	385,028 ~8054
			1,626,603	~1,279010)	~45489	~393082
Restricted funds
Spark Others			~731	~1446		~685
			~7&	~2446		~685
TOTAL	FUNDS		16N434	~2&n 456	45459	399467

		Detailed Consolidated	Statement ofFinancial Activities
		for the Year	Ended 31December 2020
				31.12.20f	31.12.19
INCOME AND ENDOWMENTS
Donations and legacies
Gifts in kind				43370	53,773
Corporate donations				58,187	59,849
Gift Aid				4,861	6,416
Events and sponsorship				27,659	158,068
Charity appeals				21,284	8,011
Trust and grants				676,729	55,458
Legacies Acquired on charitable	combination	with HYST		~36 712	1,270,382
				868,802	1,611,957
Investment income
Deposit account interest Rents received				725 ~104784	1,050 25,249
				105,509	26,299
Charitable activities
Funded charitable activity				~846 802	447,485
Total incomiag resources				1,820,568	2,085,741
EXPENDITURE
Charitable activities
Smile programme costs				16,818	5,250
Funded work costs				228,764	324,862
Smile event costs				22,168	104,278
Community costs				5,636	7,236
Grants to institutions				534,111	112,881
Charitable donations				~288 23	73,336
				1,095,820	627,843
Support costs
Management
Wages				117,999	84,949
Rent				40,913	27,547
Light and heat				18,591
Telephone				8,974	5,755
Postage and stationery				1,963	1,436
Marketing costs				7,544	6,150
Motor expenses and travel				2,447	3,998
Management fees				60478
				204,909	129,835

			HEY Smile	Foundation	Foundation
			Detailed Statement	ofFinancial		vitl
			fortha Year g	d 1	m	2020
							31.12.20	31.12.19
Management
Finance
Just giving charges							42	182
Bank charges							150
							192	182
Information	technology
ITSoftware and consumabies							6,484	5,439
Other
Insurance							9467	7,589
Sundries							21&141	9,268
Repairs and renewals							22,009	12,617
Amortisation Depreciation	ofintangible fixed assets oftangible fixed assets						5,249 ~1192	~1320
							58,958	14,646
Governance Accountancy	costs and legal fees						~26265	20,303
Total resources	expended						~192628	814,396
Net income before gains and losses							427,940	1,271,345
Realised recognised gains Realised gains/(losses) on		and losses investment	property				~45489	13,687
Net income							~473 429	~1285 032