REGISTERED CI)MPANY NUMBER: 06455490 (England and Wales) RFGISTERED CHARITY IWMBF,R: 1125856 Report of the Trnstees and Financial Statements for the Year Ended 31 December 2024 for HEY Smile Foundation Smalles Goldie Chartered Accountants ststutory Auditor Regent's Court Princess Street Hull East yO￿shIre HU2 8BA HEY Smile Foundation Contents of the Financial Statements for the year ended 31 December 2024 Page Reference and Administrative Ddails Report of tbe Trustees Report of the Independent Auditors 10 to 13 Consolidated Statement of Financi21 Activities 14 Consolidated Balance Sheet 15 Charity Balance Sheet 16 Consolidated Cash Flow Statement 17 Notes to the Consolidated Cash Flow Statement 18 Note5 to the Consolidated Financial Statement5 19 to 39 HEY Smile FoundatioD Reference and Administrative Details for the year ended 31 December 2024 TRUSTEES A J Bowden G C Cross (resigned 1211212024) Ms P M Dalby Dr A Milner TS C S Phillips D Ranawake T J Wigglrsworth Ms C Sykes KRO REGISTERED OFFICE Gossehalk4 t)Dck Street Queens Gardens Hull East Yorkshire HUI 3AE REGISTERED COMPANY INUMBER 06455490 (England and Wales) REGISTFRF.D CHARITY NIIMBER 1125856 AiJDITORS Smalles Goldie Chartered Ac￿llntants Statutory Auditor Regent's Court Princess Street Hull East Yorkshire HU2 8BA SOLICITORS Gosschalks Queens Gardens Hull East Yorkshire HUI 3AE BaTclays l King Edwards Street Hull HUI 3AF. HEY Smile Foundation Report of the Trustees for the year ended 31 December 2024 Thc ITUStces who are also direclors of the chariiy for the purposcs of the Companics Act 2006, prc5cnt thcir rcport with the rmdncial statLtnbYts vf Ibc Lharity for thc year ended 31 December 2024. The trustecs have adoptcd thc provisions of ALcounling Jnd KLporting by Ch(￿11L5." StdteTr]ent of Recommended Pracuce applicable lo charities preparing (hLir aLcounts in aLcordancc with thc Financial Reporting Stsndard applicablc in th- UK and RcpublTC of Ircland {FRS 102) (effective l January 2019). Chair Through 2024, HEY Smile has continued to support all those ch￿l1]es, organisations and volunteers across Hull and East Ridino who gi￿.¢ their energy, time and commit￿ent lo their communities. ulllockiDg the resources of kin(Iness and care for one another. Sorne of the key achievements this year include.. the VCSE Collaboralive. which we launched in Mar¢h ?023, has brought the voices of the charities to decision Tt]akcrs ￿,hO shape public sector commissioning. Smile remains a trusted partTLer for generous donor5 and our renem'ed Smile 365+ programme for businesses has grown in fflember5hip lo be able to support charities across our region; our Time to Volunteer .4w'aTds ei'ent in OctobeT 2024 showcased the individual commitment of so tnany unsung heroes whose corntnitment lo pcople who need belp, support atLd a listening ear in Iheir communities. we continuc to cclcbrate the success of the Crown Comrnunity Centre in Brid1]n￿on on it 2nd birthday in June 2024 and it is no￿. at the centre of the communiry Wlth increased inN'olTrernenr from more VCSE groups prol'iding much needed support to thc town's r¢sideEEls,' we held our inaugural Ladies Lwicb In March 2024, in partnership wiib Sailors Children's Socicty, which raised over £30k and our Smile Ball in November 2024 rdised a fiffther £23k for thc Srnile Chances Fund for local small organisatiorLS where such a difference 15 made to so many lives. WL had somc 0[g￿Ls¥t10￿￿l changcs as this pa%t year to be more effective in our response to the needs Ihat we see, along with thc organisations that we support every day in our communities. We also welcomed Clair Woodward to hcr new role as Deputy CF.0 to support the Strategic work that Jamic Lewis. our CEO, is rapidly progressing. OUT thanks go to Grahatn Cr055 w'ho stood as a trnsree this year. for his invaluable contribution to the HEY Smile Foundation over hi5 tertn of olfire a5 we wish him well in his new adiTentures. The mission of the HEY Smile Foundation remain5 clear - a5 all infrastructure charity Icading cotnmunity voice and insight we provide unwavering support to cELarities and colllmunity groups. We equip IIKal Ch￿]11CS. volullteer orggJ]isations and community groups iTriih thc t{￿1$ and confidence to be resilient helping them noi only to survive... but to thrive, especially in tbe face of some of the mosi di￿l¢Ull societal circumstsnces we bave seen for a long tirne. Running a charity is not easy, good intentions, humanity, commitmenL and hard work are only the start. Having the right governance: policies, checks and balances, and especially suppor4 in place is critical to a charity being able to fulfil its compassionate intentions. Al Smile, we turn need inio action. listening intently to local and often UTLheard voices, identifying common problems. bridging gaps, and finding shared solutions that bcncfit many. We empower charitable organisations to briDg thcir good intentions to life. Our work isn't always seen but it's cDJcial,' so. Ive roll our Slee￿eS up, we get stuck in and by working all logether, we make difterence.... Trish Dalby - Chair Cbief Executive l am pri)ud to prcscnt this rcport as Chief F.xecutive of the HF.Y Srnile Foundation. reflecting a year of continued dcdication lo strengthening and supEy)rting communities across Hull. East Yorkshire. aDd the ￿lder Humber region. HEY Smile Foundation Report of the Trustees for the year ended 31 December 2024 This year, our team has once again demonstrated remarkable con]tnittnent. agility. and c(Trmp&8siDD. Against a backdrop of ongoing Socidl and economic challenges, including the continued cost-of-living crisis. rising demaTJd on frontline services, aDd persist¢nt illequalities, HEY Smile FoundatiorL ha5 retnained a trusted and proaLtive ally to the voluntary, communiry, and social enterprise (VCSE) sector. Our In]paet ThToughout the year, we have continued to build on our tnission by delii'erillg coll4ibDrntive programmes, providing infrastructure support, and tnobili5ing volunieer5. These efforLs hai"e empow'ered hulldreds of organisations to thrive, ensuring vital local scrviccs arc 5UStaincd and ihe voice of the sector is hcard M,hcrc it mattcis mos(. We supported over 600 chaJitics and community groups. off¢ring a wide raT)gc of Men￿ring, governance advicc. and strategic platming sen'ices. Through our grant-g]ving plarforni. BEEC.4N', we dL5tribuicd more than £1.4 tnillion, helping local organisaiions unlock the resources they need to make langible, lasling change in thetr communilies. Our ill-kmd donation platform, Stnile Vault, ha5 contilluL￿ to play a crncial role in providing practlLal support, with goods valued al over £90,000 distributcd tu organisations and individuaIs itL nccd. WL w¢re a]so pleased to cxpalld our GIurD Social Prescribing progtattllnc, whiLh continues to comiect peoplc Lo tLalwc-basLd iT]terventions ihat itnpiovc wcllbcitL&'. support menthl hcalih, and build stronger cornmunity conncctions. In partllLr5kLiP WLth thL NHS. we played a ccntral rolc in thL fL"giun' for that periiKI. In preparing those flnancial statements, the trusttes are required to select suitablc accounting wlicies and then apply th¢m consistcntly- observe the methods atLd principles in the Cbarity SORP; make judgemenLs and estimates that are reasonable and prlldenL PTepare the Financial stalcmcnts on thc going concern basis unless it is inappropriatc to presume thai thc charitablc cotnpany will continue in business. The trnstees are responsible for keepin(r propcr accounting records ￿hich disclose with reasonable accuracy at any time the fmancial position ol the charitable company and lo enable tbem lo ensure that (he financial sialements cornply with the Companies Act 2006. They ar¢ also r&gponsible for safeguarding ihe assets of the charitsble company and hence for taking reasotlablc stEPS fcjr the prevention and detection of fraud ynd other irreglllarities. In so far as the trustees arc awaic: thcrc is tLO rclcvznt audit infonnation of which tlLC Ch￿Itable COTDpangs auditors are unawarc: and thc IruslLLS havc takLll Lill %teps that thcy ought lo havL" L4ken lo them.selves awaTc of any [LIEv4￿t audit inforniation and to establish that thc auditors aware of that inforniation. ALI>ITORS Thc auditurs, SToailes Cjoldie Chartered Accountallts. will be prop(Jqed for re-appointtncnt at thc forthL(Trming Annual General Meeting. Report of the trustees incorpot8ting a strategic report, approved by otdcr of thc bo3rd of t￿Stees. as the cotnpany dirrctors, on............... &1.$.1..2..S....... and signed on the bo￿,$ beh￿rby. MsPMDalby- slee Report of the Independent AudRtors to the imembers of HEY Smile Foundation Opinion We have auditcd the financial state[n￿￿t5 01 IIEY Smile Foundation (the Lharitable company,) for the ycar ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the fmancial stalemenls. including a summary of significant accounting policies. The fman¢ial reporting framework tbat has been applied in thciT preparation is applicable law arLd United Kingdom Accounting Stsndards (United Kingdorn Generally Acceptcd Accounting Practice). In our opinion the fmancial statements.. give a tnje and fair view of ihe state Df tbe group's and of the paTent charitable company affairs as at 31 Decen]ber 2024 and of thL group's incomillg resourLcs and applicatioTh of r￿sOurces. including its income and expbDdituic for thc year then havc been propcrly prepared in aCL0rd￿Ce with United Kingdom Gcnctally Acccptcd Accounting Practicc; and - havc bccn prcparcd in accordancc with the requirements of thc CO￿PanieS Act 2006. Basis for opinion We conducted our audil in accordance wiib tniernaiional Siandards on Audiiing (LTK) (ISAS (UK}) and applicable law. Our regptsn4ibilities UTJder those standardg 2re further descnbed in the Auditor%' responsibilities for the Audit of the finEinoial 5tatcmcnts section of rcport. Wc independent of thc ckwitablc compallJ in accordancc with the ethical requireTllcTLts that are relevant to our audit of Ibe fmancial statements An the UL including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in a¢cordance with thcsc requirements. We belicvc that the audit ei'idence wc havc obtained is su￿1Clent and appropriate to PTovidc a basis for our opinion. Conclusions relating to going concern In auditing Ihe financial staterncnts: we have concluded that the t￿￿tee5, use of the going concern basis of accounting in the Preparation of the fjnancial statcmcnts is appropriaie. Based on the work we have perfornied, we hai".e not identified any material uncertainties relating to evcnts or condih"on8 thai. Indi￿.idua1lY or collectively. m&ly L&15t si¥nificant doubt on the Lh&￿tabIL cornpany's ability lo continue as a going concern for a period uf at Icast twclve months from whcn thc financial statements aTC autboriscd for issue. Our responsibilities and the responsibilities of the trn51ees respect to going cvncern are described in the ielevant sections of this report. Other information The mistees are respon5iblc for the other infonnation. Tbc other infounauon cornpriscs the infonnation includcd in the Annual Report, other than Ibe fmancial slatemenis and our Report of the tndependeni Auditors thereon. Our opinion on thc financial statements does not cover the other infonnation an(L except lo the extent othcnvise explicitly statcd in our rq)ort, we do not expr¥ss any forni of assurance conclusion thcrcoll. Tn connection with our audii of the financial statements. our responsibility is to read the other information and, in doing so, consicler ￿,hether the other informaiioll Is rfLaterially inconsisient Mith the fmancial statemenis 01 our knowledge obtained in the audit or othenvise appeats iu be materially misstsied. If we identify sucb material inconsistencies or appaient material mi5Statements. we are requirLd io dclLrn]ine ivhether this gii"Ls risc to a material misslatLmcnt in the tinancial st2teTnLnts thLm&elves. If, based on the work we have perfomie& we conclude that there is a material misstatement of this oihLr infonnation, ￿'C are required to TCPOrt that fact. We have nothing lo rcport in this regard. OpiDiODS on other matters prescribed by tbe Companies Aet 201 In our opinion: based on thc work undertaken in the course of the audit: the infonnation given in the Report of the Tn￿[eeS for the financidl year for which the financial stalements are prepared is consistent Mwith the fmancial statement5,' and the Report of the Twslees has been prepared in accordance with applicable legal requirements. -i( Report of the Independent Auditors to the Members of HEY Smile Foundation l¥latters on which we are required to report by exeeplio Ln ibe light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit. we have not identified malerial misstatemcnts in the Report of the Trustees. Wc havc nothiTLg to report in respect of thc folLowiDg matiers i¥here the Companies Act 2006 requires us lo report to you if. in our opiniull: - adcquaic accounting records have not been kept by the parent clLaritable company. or retEllns adequafr for our audit have not been received fro￿ brancbes not visited by us- or - the parent charitable CO￿panY'S financial 51aternents are not in agreement with the accounting records and returns. or - certain disclosures of dire£tOTS' temuneration specified b}.. law are not made: or - we have not received all the infonnation and explanations we tequire for our audit. Responsibilities of trustees explained more fully in the Statement of Trnstees. ResponSLbilitiCs, thc Itustees (who are also the directors of the charitable coThpatLy for the purposes of company law) are responsible for the preparation of the financial 8tatements and for being Satisfied that they givc a Iruc and fair view. and for sucb tntemal control as the trustees detertnine is ncccssary to enablo iho pr￿aratI￿n uf financial stalements that fr¢0 frovll Tniltertal misstatemen¢ wheihcr duc ts) fraud or error. In preparing the f￿arle1a1 stalemenls, the t￿sleeS are responsible for assessing the charitsble company's ability to continue as a going concern, disclosing, as applicable. matters related to going concern and using the goiT]g concern basis of accounting unlcss the inLStees eithcr intcnd to liquidate the charithle company or to ccasc opeT*tions, or bave no rcalistLC altcrnativc but to do so. Report of the Independent Auditors to the imembers of HEY Smile Foundation Our responsibilities for the audit Trf the financial Statements Oui objectives are to obtain reasonable a55urancc about wbethet the fillatLcial Stateme￿13 as a whole are free fiotn material misstatement, whether due to fraud or eTTor, and to ]￿uC a Report of the Independent Auditors thal includes our opinion, Reasonable assurance is a high level of assurance. bul is not a guarantee that an audil conducted in a¢cordance with ISA5 (LK) will always detect a material tnisstatemcnt when it exists. Misslatcments cat) arise frorn fraud or error 8J)d are considered material if, indii'idually or in the aggregate, they could reasonably be expected to influence the econotnic decisions ocusers taken on the basis of these Financial 5ts1emenls. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: ITtegularitie5. includinu fraud. are inst1￿ccS of non-COTuplI￿CC with laws and te¥ulalions. We desi￿ procLduies in line ith our responsibilitics, outlined above. to dctcct malerial misstatcmcnt4 in respcct of iTrcgularities, including fraud_ The cxtent to whiLh our procedures arc capablc of d=tecting I￿c¥u1ar1tics. including fraud is detailed below: Our approach io identifying and asse55ing the risk5 of matrnal misstatem￿￿ t in rcspect of irregularitic5, including fraud and non-compliance with laws and regulations, was focused on specific laws and regulations wbich we considered may have a direct material effect on the charity onl}. and consolida￿d financial statements or the operations of the charitable compan}. and the gtoup, including the Companies Act 2006, thc CkLarities Act 2011, data protection, anti-bribery, emplnytnLlit, fi￿draISing regulations and health and safery legislation.. An understanding of thcsc laws and regulations and the exieni ol compliance obtaincd through discussion with managemeT]t and inspecting legdl and rcglllatory co￿¢Spondcncc. MIL t￿sC5Sed the SUSCEPtibility of the charitablc cornpally's and consolid¢itcd fitWLcial state￿C￿ts to material rnisstdtctllcnr, InLluding obtaining at] ulldcr51allding of how frtiud mighi occur. by tnaking cnquiries of ￿t￿agC￿ent and considLiing Ihc internal colltrols in placc to mitigdlc risks of fraud and non-compliance with Idws and Tcgulations. To address the nsk ol fraud throllgh t￿(￿agcMCnt bias and i)VLtridc of controls, wc pcrformed analylLLal proLcdures (o identify any unusual or unexpcLtcd rclationships. ie5ted journal entr]"e8 10 idcntify unusual transactions,. assessed whLthcr judbFements and assumptLUn5 made in deterrnining. the accounting e5timatcs were indic4ilive of potential bi&lb.' Lind ini'cstigated th¥ rationalc behind significant or unusual trdnsactions. In rcsponse to the risk of ittegularities and non-compliance ivith laws and regulatlDIJ5. wc designed pr()Ledurcs which included, but wcrc not limitcd to agrccing charity only and consolidaLcd financial statement disclosl￿CS to undeTlying supporting documcntaiion. reading Ihe minutes of meetings of those charged with guvctnaDce; enquiring of management as to actual and potcntidl litigation and claivns" and rcvicwing corrc5pondcnce with rclcvant Icgulalors thc ukntable Lompatiy'5 legal advi.sors. Due to thc inhcrent lirnitation5 of an audit, there is a risk that we ii."ill not dctcct all iLTegularilic5, including those leading to material misstatCTncnt in the finanLidl 5tatcmcnts or non-cuvnpliance w."ith regul4Ltion. This risk incrca5CS thc more ihal compliance with a law or regulation is rctnoi'cd from the eTrent5 and transactions r¢flcctcd in the finanbial statcmcnts, as we will bc Icss likely to becomc aware of I￿5[anceS Qf Don-compliance. Audiling 5talldards also limii the audit procedures required lo identify non-compliance with lawq and regulatioTJS to enquiry of the directors and oiheT managcrnent and che inspection of regulatory and legal eotrcspondence, if any. The risk is also greater regarding irregularities ocCU￿1ng due to fraud rather than error, as fraud involves intentional concealment, lorgery, collusion, omi5siun, or misrepresenlatioll. A fi]rther de5CriPtion of our respon5ibilitics tor the audit of the financial %tatcmcnts is located on the Financial RepOrt￿g Council's website al W￿7v.frc.Org.uklaudltQrSreSponSlblliIle5. This description forn]s part of our Report of the Independent Auditors. 12- Report of the Independent Auditors to the Members of HEY Smile Foundation Use of our report This T¢PVrt is ￿ade solely to the charitable company's mernbers. as a body. in accoidance with Chapter 3 of Part 16 of the CuTnpanies Act 2006. Our audit work h<￿ bccn undertaken so that WC Tnight stdtc to the charitablc coJnpany's Members those matters we are required to 5tatc io them in an auditors. report and for no otber pu￿oSe. To thc fullesl extent pern]itted by law, we do not acccpt or as5uIIic fcspDnsibility to anyonc othcr tbatL thc charitable company and thc charitable company's InLJnbers aq a body. for our audit w'ork. for this report. or for the opinions have fDnned. Siephell Bramall Bsc FCA (Senior Statutory Auditor) foT and on behalf of Smalles Goldie Chartered Accountants Starutory Auditor Regenl'5 Court Princess Street Hull Easi Yorkshire HU2 8BA 11 lÉlzaz -13- HEY Smile FoundatioD Consolidated Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31 Deeember 2024 2024 Total fiLnds 2023 Total funds Unrestricted funds Rcstiictcd funds Notcs INCOME AND ENDOWMENfs FROM Donation5 and Icgacics 230.821 284J80 515.201 563,000 Charitable activities General 654.651 652.615 1,307.266 1.068.594 Investjnent income 537 57.462 75.964 Total 886 009 993.920 1.879.929 1,707,558 EXPEryDITURE ON Charitable activities General 936.363 970.900 1.907.263 2.240.331 et gains on itLVCStments 56.376 56,376 54.820 NET INC.OMEI(EXPENDITURE) Transfers belween fund5 23,020 12.608) 29,04? (477,953) 20 12,60¥ Net movement in funds 18.630 10.412 29,042 (477,953) RECOIYCILIATION OF FUNDS Total funds brought forward 946,962 2.666.086 3.613.048 4.091,001 TOTAL FUIYDS CARRiED FORWARD 965.592 2 676 498 3 642 090 3.613.048 The notes foTm part of these financial statement5 14- HEY Smile Foundation Consolidated Balance Sheet 31 December 2024 2024 Total funds 2023 Totsl nds Lnrestricted funds Restricted nds Notcs As rescated FIXTD ASSETS Intangiblc dssct5 Tangible assets JnvestmeDIs 13 14 15 5,249 2,127,459 972 472 5.321 867.847 2,116.999 2,122.320 867.847 873.168 2,116.999 2,990,167 3,105.180 CLRRENT ASSETS Debtors Cash at bank and in hand 16 84.583 127235 7.721 569,607 92,304 696,842 80,687 548,403 211.8l8 577J28 789,146 629,090 CREDITORS Amounts falling due within one year 17 (114.700) (17.827) {132.527} (105,254) ,YET CURREiYf ASSETS 97.118 559,501 656.619 523.836 TOTAL ASSETS LESS CURRELYT I.IABtLITIES 970,286 2.676,500 3,646,786 3,629,016 CREDITORS AtDOUllts falling due after more than one year 18 (4.696) (4,696) (15.968) SIT ASSETS 965.590 2.676.5(JO 3.642.090 3.613.048 FLYIDS Lnrestricted funds Restricted fi￿dS 20 965,590 2 676 500 946,962 2 666 086 TOTAL FUNDS 3 642 090 3 613 048 The financial statements were approved by the Board of Trustecs and authorised for issue on .. and wert signed on its behalf by.. P M Dalby- Tru ee The notes forni part of these financial statements 15- HEY Smile Foundation CharRty Balance Sheet 31 December 2024 2024 Total funds 2023 Unrestricted funds RLstricted fuTJds funds Notes As rC5th￿d FIXED ASSETS Iniangiblc a55cts Tangiblc a5SCts lllve5tmellts 12 13 14 5.250 10,423 972 572 5,321 867,947 5,321 867.947 873268 873,268 988,245 CLIIRENT ASSETS Debiocs Cash ai bank and in hand 15 105,840 159,784 105,840 627,034 83,511 503,923 467250 265.624 467250 732,874 587,434 CREDITORS Amounts falling due within one year 16 (114,698) (114,698) (97,521) T CURRENT ASSETS 150.926 467 250 618.176 489 913 I'OI'AL ASSETS LESS CURRF.LYT LIABILITILS 1.024,194 467.250 1,491,444 1.478,158 CREDITORS Amounts falling du¢ after more than onc ycar 17 (4,696) (4,696) (15.968} -NET ASSETS 1.019,498 467250 1,486,748 1.462.190 FLINDS nrestricled funds Restricted funds 19 1,019,498 467 250 973,349 488 841 TOTAL FUNDS 1.486 748 1462 190 The flnaucial statements were approved by the Board of Trustees and authorised for issue on ........ and were signed on its behalf by= PMDalby-T The notes form part of these financial statements 16- HEY Smile Foundation Consolidated Cash Floiv Statement for the year ended 31 December 2024 2024 2023 Cash flow5 fro￿ operating activities Cash generated fro￿ operations Interest paid (2,727) 554 (449.843) 1.562 'el cash uscd in operatin8 activitics 3,281) 451.405 Cash flows from iovesting actiiities Purcbase of tangible fjxed assets Purchase of fixed asset investments Sale of tangible fixcd assets Sale of fixed asset investments Interest received (609) (801) 2.063 161,802 537 (1,872) (101,136) 201,I36 el cash provided by inTresting activities 162,992 99,178 Casb floivs from financing atlivities Loan iepayments in year 11272 10.545 et cash used in finaucing activities 11272) 10 545) Cbange in cash and cash equiv*lenls in the reporting period Cash and ¢ash equivalents at the beginning of tbe reporting period 148,439 (362.772) 548.403 911,175 C.a8h and cash equivalents at the end of the reporting period 548.403 The notes foTrn part of these financial statements 17- HEY Srnile Foundation Notes to the Consolidated Cash Flow Statement for the year ended.11 December 2024 RECONCILL4TIO.Y OF NET INCOLMEI(EXPEYDITLRE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net income/(expendlture) for the reporting period (4s per the Statem¢nt of FiDAncial Activities) Adjustments for: Depreciation charges Gain on investments Inlerest received Interest paid (Increase)/decrease in debtors Increase/(decreast) in creditors 29.042 {477,953) 8,934 (56,376) {537) 554 (32,874) 48,530 8,987 (54,820) (1,050} 1,562 104,547 31.116) Net cash used in operations 449,843 ANALYSIS OF CHAYGES IN NET FUNDS Al 111124 Cash flow At 31112124 Net e*sh Casb at bank and in hatLd 548.403 148,439 696 842 548 403 148439 696,842 Debt Debts falling due wittLin l year Debts falling due after l year (E1274) 15.968 (11,274) 4,696 15,970) Total 521 161 159.711 680,872 The noies form part of these financial slatements 18- HEY Smile Foundation Notes to the Consolidated Financial Statements for tbe year ended 31 December 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial stalemenis of the charitable cornpany, Thhich is a publkc benefjt entity under FRS I02. bave been prepared in accordance with ihe Charities SORP (FRS 102) 'A¢counting and Reporting by Charities-. Statement of Recommended Practice applicable to chariiies preparing their accoutlts in accordance witb ihe Financial Reportillg Standard applicable in the UK and Republic of Ircland {FRS 102) (¢ffcctivc l January 2019),, Financial Rcporting Stalldard 102 'The Financial Reporting Stalldard applicable in the UK and Republic of Ireland, and the Compallie Act 2006. The finallcial statements have been prepared under ihe historical cost eonvenlion, with the exception of investments which are inclLkded at rnarket &alue. as modified by the revaluation of certain assets. Income All incomc is rcco£nised in the Statement of Financial Actii."itie8 once the charity bas entitlernent to the funds. it is probablL that the income will be received and thc amount can be measured reliably. Expenditure LiabilitlC5 arc Fecognised as expenditurc as 500n as thcre is a legal or constructivc obligation committing the charity to that cxpcnditure, It is probable that a traD5fct oleconomic benefits ivill be requitcd ill sctilernent and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals b&sis and has been classificd under headings that aggregate all c05t rclatcd 10 tbe categorv. Wb¢re costs cannot be directly attributed to particular hcadings they have becn allocated lo acCiviliLs on a basis consistent with the usc of iesources. Grants offered subject to conditions which have not been met at ibe year end date are noted as a commitment but not accrued as expenditure. Goodwill Goodwill, bcing the amount paid in connection with the acquisition of a busine&5 in 2014. is being amortised evenly over its estituated use￿1 life of five }'ears. Intangible assets In[￿gIble assets are initially measured at cost. After initial recogniiion, intangible asscts are measured at cost less any accumulated amortisation and any accumulatcd impainnent losses. Tangible ￿ed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimaled usebjl life. CorrLPUter equiprncnt 25Q/o on cost Tax¥tion The charity is excvnpl froTn corpoTatt"OD lax on its charitable actii."ities. Fund accounting Unrestricted funds can be used in accordance wilh the charitable objectives at ihe discretion of the trustees. Restricted ￿ndS can only be used for particular restricted purposes within tbe objects of the charity. Restrictions arise )￿h¢ll 5pecificd by the donor OT when funds are rdiscd for particular resLTiCted PU￿o$cs. Designatcd funds ate those urLrestyicled fimds which h2ve been sel aside by thc trllstccs foT an essential spend or future p￿￿ose. Further explanation of the nature and PUTW)se of each fijnd is included in the notes to the fin￿CIal stalemenls. -19- ontinucd.. HEY Smile Foundation Notes to the Consolidated Financial Statements - continued for the year ended 31 December 2024 ACCOUNTING POLICIES- continued Pellsion costs and other p05t-retiremeDt benefits 'IThL" Lharilable comp2n}' opeTates a dcfmcd CODtTibution pension schcmc. Contributions payablc to Ihc charitable conipdny's pcnsion ￿herne are chargcd to thc Statcmcnt of Ftnancial Activitics in thc period to which thcy rclatc. Debtors and creditors receivablelpavable within one year Dcbtors and creditors witb no stated interest rdte and receiN""able or payable within one year are recorded at transaction price. Any losses arising fn)m irnpaim]ent are recogui5ed in the profit and loss account in other administration expenseb. Investments Stocks and shares quoted on a rccogDi5ed stock exchange arc included in the balance sheet at thcir n]id-n]arket i.-alue 21 the year end. The variances betwaen markel value and original cost or annual revaluation of the investmenlb are shown as unrealised investment gains and losses. The differences between the original cost or allnual valuation and the proceeds of investments disposed of are shown as a gaitd(loss) in tbe statement of fmancial activilies. The l 00 /0 shareholding in the subsidiary is stated at cost. lrnpairment Assets not measured al fair value are reviewed for any indication that ttLe assel may be impaired at each balance shcct date. 11- such indication Lxists. Ihc recoverablr ￿OUnt of thc asset, or the assct's CdSh gcncrating unit, is Cstimatcd and compared to thtr Latrying atnount. Where the La￿IDg amount exceed% ILS reLovciablc atnount, and impaimicni loss is recogni8ed in profit and 1055 unless iq carried at a relevant amount where the impairmcni loss is a revaluation dccrcasc. Group financial statements lThc financial stalernenls consolidatc thc rcsults of the charity 3nd ili wholly owned .8ubsidiary undcriakiThgs on a line by line basis using thc acquisition method. A scparatc Statement of Financial ActiTritics for the charity has not been presellled as permitted by the exemption atyordcd by section 408 of the Companies Act 2006. DofiATIONS AND LEGACIES 2024 2023 Gifts Donations Gift aid Events and appeals Admissions Trust5 and grants 89.664 46,537 92,365 17,201 263,985 151,036 9,776 292,6 l5 115,015 515201 563 000 Charitable events and sryjnsorship arc Ihc tnajor fimdtng sourcc lor Smile to develop and deliver Smilc Foundations dutivitics aT]d ob]eclives. In addition to raising fimds Smilc cvcnts a150 provide the opporlunity to create more awareness ot"Smile 2nd its ptogramtncs aT]d projects. -2(k continued... HEY Smile Foundation otes to the Consolidated Financial Statements - contilnued for the year ended 31 December 2024 DONATIONS AND LEC.ACIES - continued I'ruyt and Grants 2024 2023 Ann Watson Brignall Trust East Riding of Yorkshire Coullcil EIealth Tree Foundation Hull & East Riding Charitable Trusl NHS Hutnber and North Yorksbire ICB STA15 KCOM 1,500 5,000 50,000 67,500 5,115 5,000 70,000 100,000 50.000 53,515 115015 292,615 INVESTMENf INCOL¥IE 2024 2023 Rents received Deposit account interest 56.925 537 74,914 1.050 LYCOME FROM CHARITABI.E ACTIVITIES 2024 2023 Activity General Funded charitable actiTrity 1,307,267 1.068.594 CHARITABLE ACTtVlTIES COSTS fi￿dillg of activities (see note Support costs (see note 7) Direct Costs 6) Totals General 409,115 448,093 1.050.055 1,907 263 -21- continued... HEY Smile Foundation Notes to the Consolidated Financial Statements - continued for the year ended 31 Decernber 2024 GRANTS PAYABLE 2024 2023 General 448,093 629.385 Cwrau15 payable include thc following= 2024 2023 Active Hurnber Ltd Autism Plus AgL UK Hull Alldrcw McNicholl Ballcl Collective ARCADF. Arts Ltd Barneen CIC BeveTley C.bcTry Tree Commullity Centre Blackburn SporLS & Social Commuuity Booikltcrry Road Community Project Bora shab￿ Rcfugee ComJnunity Organisaiion Bridlington Quay CIC Bringing IJS I'ogcthcr C.arL" Plus Group C.haritsblc Trust Carers Plus YoTkshire Carers Support CctLtre CASE Trainiug Scrvices City Hcalthcare Partncr5hip CIC City of Hull Sport and Cott]munity Group CIC Closer Communitics Cornmunity Firit Yorkshire CoEntnllnity Vision Cuncrctc Youth Clovcrlcat AdvocaLy 2000 Ltd Envirutmental & Management Solutions Litnited FIND ForesiglLt North East LTD Fitmums & Friends Goodwin Development T￿st Groundwork Yorkshire Grants Under £3.000 Hornsca Nursery School HowdetL Prc-school Home Start Goole Hull 4 Heroes Hull Afro Caribbean A550ciation (HACA) Hull and East Riding CAB 5,000 5.000 5,000 10,000 9,509 4.980 20,000 5,852 16,850 6.542 4,980 io.000 5,000 5,100 9.450 4.797 4.240 5,000 77.459 11.228 4,880 48.000 5,000 4,980 5,000 33,( 4.620 4,996 8,000 4.820 96.476 13,500 114,185 10.000 5,000 3,000 9,000 14,251 11,680 -22- continued.. HEY Smile Foundation Notes to the Consolidated Financial Statements - continued for the year ended 31 December 2024 GIL4NTS PAY ABLE- continued Hull and F.ast Yorkshire Children's LTniversity IIull City c.ouncil (Creative VoiLC) Hull Dance CIC Hull Parent Carer Fonlln Hull Red CIC Humber Job Hub Humber NHS Foundation Trust KIDS Yorkshire Inspire School Dance and Drama Joinedup Dance Company Mama T's Dance House CIC M.A.S.H Matthcw's Enterprise MI IA co￿MUnitIes, Hull & Fast Riding Mircs Bcck Nursery MovettLent 2 Music Middle Child Theatre Moorlands Charity Movement2Music Northern Academy of Pcrforniing Arts North Lincolnshire P￿ent Carer Forum North Lincolnshire Council Nortb Yorkshire Council Not Pants CIC Pocklington Rugby in the Community Police and Critnc Cortllnissiiiner for Humbersidc RL.LL Creative Run with it Sailors Children's Society She Productions Solidarity Hull Space2BHeard Starlight Arts Talking About Loss The Downright Special Network The Faraway CIC The Green Tcam The Herd Theatrc Thc Hinge Centre The Lookout The Peel Project CIC Thunk_it Theatre Tigers Trust Welcome House Hull Wolfpack Theatre York St John Youtlg PlayThTights 5,000 4,000 5,480 4.998 4.690 4,736 5.000 4,920 7,500 4,549 4,619 15,000 10,000 33.000 5,000 10,020 4,920 6.500 l3,125 4,920 4,380 9,920 5.000 5,000 4,866 25,527 9.995 5.000 10.000 5.000 5,000 5,000 4,560 9,000 5,000 5,000 4,850 6,580 5,000 l8,l97 i o,ooo 13,852 5.000 4,855 4,650 15,634 4,480 14.499 4,475 14.867 5,125 4.475 i 0,000 3.107 448.093 629.385 -23- continucd.. HEY Smile Foundation Notes to the Consolidated Financial Statements - continued for the year ended 31 December 2024 SUPPORT COSTS Informaliotj technology Management FinBllcc General 949,929 5.021 27,619 Governance costs Other Totals GeneTal 46,171 21,315 1,050.055 NET INCOIIIEI(EXPENDITURE) Nei income/(expcnditure) is stated afteT chargingJ{crediting)= 2024 2023 Auditors, remuneration Deprecidtiun - owned assets DeNelopmellt Cobts amortisation 12.660 3.685 7,900 3,738 TRUSTEES, RE￿I[￿NERATION AIYD BEIEFITS There wcre no trustees. remuneration or other benefits for the year ended 31 Decembcr 2024 nor for the ycar ended 31 December 2023. Trustees, expenses There were no 31 Decen]ber 2023. trustee5' expellses paid for the year ended 31 Dece￿beI2024 nor for the year ended STAFF COSTS 2024 2023 Wages and salaries Social security cos Other pension costs 752,405 62,285 836,764 68,519 18.436 831991 923 719 The average monthly nU￿bC[ of employees during thc year w?s as lollows". 2024 29 2023 33 Employed Stsff -24- ontinued... HEY Smile Foundation Notes to the Consolidated FinancRal Statements - continued for the year ended 31 December 2024 io. STAFF COSTS- continued The number of employees whose employee benefjts (excluding employer pension costs) exceeded £60,000 was: 2024 2023 £60,001- £70,(K)O £70,001- £80,000 The total employee bencfits of the key management persoTJnel of the group were £280.710 (2023 - £285,245). ii. cO￿1PARA TIVES FOR THE STATEMENT OF FTh ANCIAL ACTIVITIES As restated UDre5tricied funds Restricted funds Total funds 1￿COME AND ENDOWMENTS FRO.M Donations and legacies 270,342 292,658 563,000 Charitable activities GcFJrrai 452.245 616.349 1.068,594 investment illcome 75,964 Tolal 723 637 983 921 1 707 558 EXPENDITURE ON Cbarit8ble a¢tiviti¢s Gelleral 1.002 007 1238 324 2 240,331 Net gains on investrnents 54.820 NET I￿comE/(EXPEND[rURE) (223550) 119,925 (254,403) (119,925) (477,953) Transfers between funds Net movement in hnds (103.625) (374,328) (477,953) REC0￿c11.1AT1OLN Ofr Tr UIYDS "rotal tiinds brought forwatd 1.071.042 3,019,959 4,091,001 TOTAL FUNDS CARRIED FORWARD 967.417 2 645.631 3 613048 -25- ontinueiL.. HEY Smile Foundation Notes to the Consolidated Financial Statements - continued for the year ended 31 December 2024 12. GLFTS IN KIND Throughout the year ihe cbarity r¢¢eived g(Kyds and services which were donated. These include: 2024 2023 Office Rental - Gosschaiks IT Services - The Onc Point Events F.quiptncnt - KCOM Equiptncnt 75,000 75,000 100 15,202 1,450 615 14.664 92,367 13. INTANGIBLE FIXI4 D ASSETS De￿ClOpMent costs Goodwill Totals GROUP COST At l January 2024 and 31 December 2024 2,857 26.245 29,102 MORTISATION Ai l January 2024 for year 2.857 20.996 5.249 23,853 At 3 l December 2024 NET BOOK VALUE At 31 December 2024 At 31 Dccetnber 2023 5.249 CHARITY COST At l January 2024 and 31 December 2024 2.857 26.246 29.103 AMORTISATION At l JatLuary 2024 Charge lor year 2,857 20,996 23,853 At 31 December 2024 2.857 26.246 29,103 NET BOOK VALUE At 31 December 2024 At 31 December 2023 5,250 -26- continued... IIEY Smile Foundation Notes to the Consolidated Financial Statements - continued for the year ended 31 December 2024 14. TANGIBLE FIXED ASSETS Fixmres Freehold propcrty Computer equip￿l￿t fittiDgs Totals GROUP COST OR VALUATION At l JaDuary 2024 Additions Disposals 2.117.000 6,998 360 28.985 249 2.063) 2,152,983 609 2.063) At 31 December 2024 2,117.0(x) 7.358 27.171 2,151.529 DEPRECL4TION At l January 2024 Charge for year 2.089 1.248 22.435 2,437 25,524 3,685 At 31 December 2024 3.337 25.872 29,209 NET BOOK VALUE At 31 December 2024 2.117.0(K) 4.021 1,299 2,122,320 At 31 December 2023 2 117.OIM) 4.909 5,550 2 127459 Cc)st ur valualion at 31 Dcccmbcr 2024 is rcpreseoted by: Fixtures Freehold proikny Cornputer equipment fittings Totals Valuation in 2018 Valuatiotl ifl 2022 Cost 1.283,963 827,(M)O 1,283,963 827,000 40,566 7.358 2117000 7.358 2 151529 Freehold land and buildings were valued on an open markci b&%is on 3 November 2022 by Garness Jones. -27- continucd... HEY Smile Foundation Notes to the FRnancial Statements - continued for the year ended 31 Deeember 2024 14. TANGIBLE FIXED ASSETS- coDtiDued FiX￿reS Computer equiptllLnl fittings I"oials CHARITY COST At l Jauuary 2024 AdditlQll5 Disposals 6.998 360 34,698 609 2,063) 249 2.063) At 3 l December 2024 7.358 25.886 DEPRECIATION At l January 2024 Charge for year 2.089 1.217 22,186 2.431 24,275 At 31 December 2024 3.306 24,617 NET BOOK VALUE At 31 December 2024 4.052 1.269 5.321 At 3 l December 2023 4.909 5.514 10.423 15. FIXED ASSET INVESTMEI%TS Cash alld settlements pending Listsd investrnents Totals GROUP AND CHARITY MARKET VALUE At l January 2024 Additions Disposa15 Withdrawals Management fees Incotne retained in investment portfolio Revaluations 953,740 413.651 (574,356) 18,732 (413,651) 574,356 (161,000) (5.027) 4.520 972,472 (161,000) (5,027) 4520 56.882 At 31 December 2024 849917 17,930 867,847 NET BOOK VALUE Ai 31 DcLcmbcr 2024 849.917 17,930 867,847 At 31 Decetnbcr 2023 18.732 972 472 There were no investment assets outside the LIK. Historical cost of investments being £758,943. In addition to the above the charity holds shares in subsidiaries costt.ng £ 100. Share5 Tn group undertakings as at the Balance Sheet date represent the Charity'5 iThvestTnent in HEY Smile Events Limited. Below are details of -28- continucd... subsidiaries, where control bas been estsblisbed through in&estment in share capital or by ocher means= -29- continued.. HEY Smile Foundation Notes to the Consolidated Financial Statements - continued for the year ended 31 December 2024 15. FIXED ASSET INVESTML.N'rs - conti]Jued Thc company's investments at thc bulancc 5hcct date in the share capit41 of compaDiCS include the following" JB Willows Worklng Men's Cottage5 Registered office.. 61 Queen4 Garden, IIull. East Yorksbire. HL13AE aturc of bu8incss.' Charity 2024 2023 Aggregate capital and reserves Profit for the year 2.163.771 2.156,788 1,579 HEY Smile Events Limited Registered office.. 61 Queens Garden. Hull. East Yorkshire, HL13AE NatUTe of busincss.. Dorn]ant Company Clas5 of share". Ordinary holding 2024 2023 Aggregate capital and reserves loo loo Hull Youth Support Trust Registered office.. 161 Unit 5. High Street. Hull East Yorkshire: HUI INQ Nature of busitLess: Charity 2024 2023 Aggregate capital and reserves Loss for the year (8,326) 2,497 (5.829) 22,578 16. DEBTORS: AMOUiYTS FALLtNG DUE WITHIN OIIT YEAR 2024 2023 GROUP Trade debtors Other debtors Prepayments alld accrued income 76,293 12,547 3,464 64,743 12.547 3,397 92,304 80,687 2024 2023 CHARITY Tr8d¢ dgbtors Other debtors Prepayments and accrued income 96.702 7,202 1,936 75,396 7,202 913 105.840 83,51l -30- continued... UEY Smile Tr'oundation Notes to the Consolidated Financial Statements - continued for the year ended 31 December 2024 17. CREDITORS: AMOUNTS FALLLNG DUE WATHiN OliE YEAR 2024 2023 GROUP BaDk Iodns and overdrafts (see notc 19) Trade creditors Social security and other t&Kcs Other creditOTS Accruals and deferred income 11,274 33.070 15.488 3.893 11,274 49,354 19,973 4.939 132,527 105 254 2024 2023 Batlk loans and ovtrdraft5 (see note 18) Trade creditors Social security and other taxes Other creditors Accruals and defeTred income 11,274 17,941 15,488 3.893 66.102 11,274 43,42l 19,973 4,939 114.698 97,521 18. CREDITORS: AMOUNTS FALLLNG DUE AFTER .VIORE THLN ONE YEAR 2024 2023 Bank loans (see note 19) 19. LOANS An analysis of thc matUTity of loans is given below. 2024 2023 Amounts falling thie within one year on de￿and. Bank loans 11,274 11,274 Amounts falling between on¢ and two years.. Bank loans - 1-2 years 4,696 11.274 Amounts falling due between two and five years: Bank loans - 2-5 years -3l- continued.. HEY Smile Foundation Notes to the Consolidated Financial Statements - continued for the year ended 31 December 2024 20. MOVELTrtENT IIY FLNDS GROUP Net movement in funds Transfers between fimds At 31112124 At 111124 As restated Unrestricted funds Gencral fund I AM E",und NHS - Dcsignaled ICB - Dc5ignated ERYC - De5ignaled Smile Group - Designated 48,123 821,022 15,373 (17,673) (14.467) {30,447) 50.899 2.335 24.215 87,711 803,349 14,826 17.489 28,568 13,647 29.293 (20,900) (30,000) 68,836 7.669 l J12 946,962 6,020 12.608 965.590 Restricted fund$ IB Willows Working Mcn's Cotlages Hull Youth Support Tn]st Others Spark East Riding of Yorkshire Council NHS Gra￿t Management Growing Green and Blue Health ICB 2.156,788 6,983 (2,497) 15.885 (3,937) (2.921) (90,948) 68,469 25,023 6.965 2,163,771 2.497 34,799 3,937 126,431 148.675 161.577 20.457 13,422 50,684 123,510 57,727 214,941 45,480 20,387 (15.105) 2.666.086 23.022 12.608 2 676.500 TOT AL FUNDS 29,042 3,642,090 -32- continued.. HEY Smile Foundatio Notes to the Consolidated Financial Statements - continued for the year ended 31 December 2024 20. MOVEMENT IN FUNDS - continued GROUP Net movemcnt in funds, included in the above are as follows: Incoming resources Resources expended Gains and Ios5e8 Movement in funds Unrestrictsd funds General fund I AM Fund NHS - Designated ICB - Designated ERYC - Designated Smilc Group - Designated 530.393 (515,020) (74,049) (98,366) (80,853) (134,105) 33,972) 15,373 (17,673) (14,467) (30,447) 50,899 56.376 83.899 50,406 185.004 36,307 886,009 (936.365) 56,376 6,020 Restricted funds JB Willows Working Mcn's Cottages Hull Youth Support Trust Others Spark F.ast Riding of Yorkshire Council NHS The Hcalth Trcc Grani Management Growing Gieen and Blue Health ICB 56,728 l95 344.179 (49,745) 6,983 (2.497) 15,885 (3,937) (2,9211 (90,948) (328,294) {3:937} (155,841) (90.948) (931) (137,118) (65,892) 135.500) 152.920 931 205,587 90,915 142465 68,469 25,023 970.898 TOTAI. FUNDS 1.879.929 1,907.263 56,376 29.042 -33- continued.. HEY Smile Foundation Notes to the Consolidated Financial Statements - continued for the year ended 31 December 2024 20. OVEMENT LY FUI%DS _ ¢llDtinued GROUP Comparatives for moi'eTnent in funds N¢t movement in tunds Transf¢rs bett￿een funds At 31112123 As reslaled At 111123 Unrestricted fund5 Gcneral tiind I AM Fund ICB - Designated ERYC- Designated Smile Group - Designated 234,260 836,782 (207,788) (15.760) 21,651 48,123 821,022 68,836 7,669 1,312 68.836 7,669 1,071,042 (223.548) 99,468 Restricted fuDd8 JB Willows Working Men's Cottages Hull Youth Support Trust Othcrs 946,962 2.155.209 16,749 150.946 9.186 75.725 475.396 1.579 (22,578) (114,835) (5,249) 58,375 (326,721) 27.480 59.829 20,457 2,156.788 5.829 {1,312) 34.799 3,937 126.431 148,675 East Ridillg of Yorkshire Council NHS The Health Tree Grani Management Growing Green and Blue Health ICB (7.669) (27,480) 101,748 161.577 20.457 3,019.959 254.405 2,666 086 TOT AL FufiDS 4 091.001 477 953) 3 613.048 -3 continued... HEY Smile Foundation Notes to the Consolidated FinancRal Statements - continued for the year ended 31 December 2024 20. MOVEMELYT ILY FUNDS- Continued GROUP Comparativc ncl movcmcnt in funds, included in ihe above arc as follows.. In￿mIng resources Rcsoutces expended Gains and losses Movement ill funds Unrestricted fund5 Gelleral fi]nd I AM Fund 723,637 (931.425) 70.580 (207,788) 15,760) 54.820 723.637 (1.002.005) 54,820 (223,548) Restricted funds JB Willows WorkitLg Mcn'5 Cott<es Hull Youth Support Trt￿l OtheTS Sp￿k East Ridiog of Yorkshire Council NHS The Health Tree Grant imanagement Growino GTeen and Blue Health 28.726 11.000 49,568 (27,147) (33.57S) (164,403) (5.249) (297.2 l2) (394,739) (i i) (152,8OL) (38.622) (124.564) 1.579 (22.578) {114,835) (5,249) 58,375 (326,721) 27,480 59,829 20.457 47,258 355,587 68.018 27.491 212.630 59.079 171.822 ICB 983 921 1238 326) 254 405 TOTAL FUNDS 1707 558 2.240.331 54,820 477.953 -35- continued... HEY Smile Foundatio Notes to the Consolidated Financial Statements - continued for the year ended 31 December 2024 20. MOVE.MENT IN Fuf*DS _ CODtiDued CHARITY Nct movement in (unds Transfers between funds At 31112124 At 111124 As rested Unrestricted funds Gcncral fund I AM Fund ICB - Designated ERYC - Designaled Smile Group - Designated NHS _ Designated 54,053 821.022 68.836 7.669 1.312 15,374 (17.673) {30,447) 50.899 2.335 14.467) 26.712 96,139 803.349 17.489 28,568 13,647 14,826 (20,900} (30.000) 10.000 29,293 952.892 6.020 15.105 974.018 Restricted fund5 Restricted Spark East Riding of Yorkshire Council NHS 34.799 3.937 126,431 148.675 161.577 20,457 15.885 {3.937} (2.921) (90.947) 68.469 25,023 6.965 50,684 E23,510 57,728 214,941 45,480 20.387 Grant Managem¢nt GrowitLg Green and Blue Health TCB (15,105) 509,298 18.537 15.105) 512.730 TOTAL FUNDS 1462 190 1486 748 -36- HEY Smile Foundation Notes to the Consolidated FinancRal Statements - continued for the year ended 31 December 2024 20. MOVEMENT LN FUNDS- continued CHAIUTY Net movement in funds. included in the above are &s follows: Ineoming resources Resources expended Gains alld losses Movement ill futLds Unrestricted fund5 GeDerat fund I AM Fund ICB - Designated ERYC - Designated Smile Group - Designated NHS - D¢5ignated 530,394 (515,020) (74,049) (80,853) (134,105) (33,972) 98.366) 15,374 (17,6731 {30,4471 50,899 2,335 14,467) 56.376 50.406 185.(M)4 36,307 83,899 886,010 (936.365) 56,376 6,020 Restricted funds Restricted 344,179 (328,294) (3.937) (155,841) (90,948) (931) (l37,118) (65.892) 135.500) 15,885 (3,937) (2,921) (90.947} East Riding of York5hiTc Council NHS Tbe Health Tree Grant Managetuent Growing Green and Blue Health ICB 152,920 931 205.587 90.915 142,465 68,469 25,023 6,965 936,998 918.461 18.537 TOT AL FUNDS 1823.008 1.854,826 56,376 24,558 -37- HEY Smile Foundation Notes to the Consolidated Financial Statements - continued for the year ended 31 December 2024 20. MOVE.MEIYT IN FUNDS_ tootinued CHARITY Comparatives for moi'ement in funds Net movement in lunds Transfers betsveen funds At 31112123 As restated At 111123 Unrestricted funds General fund I AM Fund JCB - Designaled ERYC - Dcsignated Smile Group - Designated 253.323 1.195.436 (207,788) (15.760) 8,518 (358.654) 68.836 7,669 1,312 54,053 821.022 68,836 7,669 1,312 1,448.759 (223.548) (272,319) 952,892 Restricted funds Restricted Spark East Riding of Yorkshire Council NHS The Health Tree Grant Management Growing Green and Blue Healtb ICB 12.643 9.186 82,162 336,354 30.040 (114,835) (5.249) 58,-375 (326.721) 27,480 59.829 20,457 47,258 136.991 34.799 (14,106} 139.042 (57.520) 101,748 126,431 148,675 161,577 20.457 13,422 33,836) 470 385 233 406 272319 509 298 TOTAL FUNDS 1,919 J44 456,954 1,462.190 -38- HEY Smile Foundation Notes to the Consolidated Financial Statements - continued for the yeAr ended 31 December 2024 20. MOVE.IIENT IN FUNDS- eontinued Comparative nel movement in funds, included in the above are as follows: Incoming resources Resources expended GaiJJs and losses Movement in funds Unrestrieted fullds General ￿nd I AM Fund 723.637 193 I,425) 70.580 (207,7881 15,760) 54.820 723.637 (1.002.￿5) 54.820 {223.548) Restricted funds Rc51ricted Spark East Riding of Yorkshire Council NHS Thc Ilcalth Tree (iTani Management Growing Green and Bluc Hcalth 49.568 (164.403) (5,249) (297212) (394.739) (li) (152.801) (38,622) (124.564) (114,835) (5.249) 58,375 (326,721) 27.480 59,829 20,457 47,258 355.587 68,018 27.491 212.630 59,079 171.822 ICB 944.195 1 177601 233.40 TOTAL FUNDS 1.667.832 (2,179.606) 456.954) -39- HEY Smile Foundation Notes to the Consolidated Financial Statements - continued for the year ended 31 December 2024 20. MOVE.VAELYT lly FUNDS - continued Designated fund5 I AM Fund - This represents the legacy received from the estate of the late Audrey Mosley. The legacy will be used, for Ihc next 2 years at least, to devclop perfonning arts in the area and as such has been designated by the trustecs. Incomc and expendirure arising frorn ERYC, NHS. ICB, Growing Green and Bluc Health and other HEY Smile Group projects havc histotically been shown as testticted ￿Thd5. On lei icw, the is contract incuffje relatijig to the provision of a serviccand therefore not subjecl lo any r&striciion, howc￿eT the tr￿￿teeS hai'e designated the income on each ¢onlrdCt tu d scparatc fund. The fundb havc, therefore. now bccn rccognised within dcsignatcd funds rather than restrictcd futLds. Restricted funds JB Il'illows Working Men'5 Cottages - This is a gTOUP of18 properties within the boundaries of Hull w'ithin a tnicro ommunity themselves surrounded by greenery. whilst still benefitting from excellent community prO￿ls1onS and easy acLL55 to transportation links into thc City centre and bcyolld. This is a 5ubbidiary of IIEY Smile FOL￿[latIon and the fund assuciatcd witEL the enlity has bccn rcstricted on th¢ ba&15 that its objectives arc natrowcr than those of HE. Y Smile Founddtioll. Hull Youth Support Trust - PTOjCCI aims to hclp young cconomically disadvalltagcd people bccoruL financially dcpcndcnl, by getting stdrtLd in bu5incss by pioviding affordable bUS￿L￿5 uniis and access to adviLL iUPPOrt. This is a subsidiary of HEY Smile Foundation and Ihe fund a￿oCIated with the entity has bcen restricled on thc basis that its objectives arc narrower than those of HEY Smile Foundation. sp4￿k- Ibis rcpresents a grant rcccivcd to cower SOTllt of thc costs of 'The Beecan, dcvclopment. Others - This rcpicscnts othcr funds held foT rcstriclcd purposes. which arc immaterial u) bc picscntcd scparately. F.ast Riding of Yorkshire CounciL - Thi5 represents funds rcccived from thc COUDciI to deliver variou5 PTUjCCtS throuEhout thc Lounty. NHS - This represcnls funds Icccivcd from th¢ NHS for delivering PTOjCCt5 such as green social prcscribing. Th¥ Hc2litL I'rcc - Tbis represents futLd5 TcCci￿cd to distributc to local wortby causcs mccting thc prescribcd cntcria. HEY Smile was givcn authority by the original donors io transfcr an historic donation avnount from the STA15, part of the grant managcmcnt Icstricted funds: io IILY Smile Digital: ￿lch i5 a designated fulld. 21. EMPLOYEE BENEFIT OBLIGA Ttoys The company opcrates a dcfincd pension contribution scheme for its cmployccs. The pension cost charges represellt contributi(Ins P(iyable by the company and amounted 10 £l7.30 I (2023.. £18,436)- Contributions outstanding 4t 31 December 2024 wcre £3,793 (?023.. £4,839) 22. RELA TED PARTY DISCLOSURES Grallts lolalling £1.800 were paid io Pocklinglon Rugby in tbe Community (2023 £5,600), 2 charity of whiLh Andrew Bowden is a trustee. £14.65? was paid to The One Point Llmited for IT services (2023 £38,497), 8 company who is related via the CEO'S par￿er ￿h0 As the CSO and a shareholder. Income of £25.044 was received from Help for Healtb (20?3 - £nil}, a charity ol which Andrew Milner is a INslee. City of Hull Street AtLgels. a charity the CEO is L trustee of, purchased various iietns totalling £699 (2023 - £nil). There were no Irattsaetions with the followtng this year, but in 2023: <1 grant of £10,000 was paid to Ilull LCJBT+ Cou]tnuDity Pride. a chariry which Jamie Lewis w'as a tnjstec. £11,315 was paid to sh￿ed Agenda Soluiion5 Ltd to conduci a feasibility study. a compan}, which Timothy Wigglesworth is a l)ircclor of. Purchas¢5 of £181 weie rnade on the behalf of Help foi Health. a charitv of which Andrew Milner Is a tnjstee. -40-