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2023-05-31-accounts

Page
Report ofthe Trustees 1 to 4
Independent
Examiner's		 Report
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement
Notes tothe Cash Flow Statement
Notes tothe Financial Statements 10 to 15
Detailed Statement ofFinancial Activities 16

for t he year e nded 31May 2023
2023 2022
Unrestiicted Restricted Total Total
fund fund funds funds
Notes E E E
INCOME AND ENDOWMENTS FROM
Charitable activities
Managed
solutions		 78,842 765,675 844,517 953,165
EXPENDITURE ON
Raising funds 3 1,340 1,340 1,663
Charitable
activities		 4
Managed
solutions		 575,966 219,249 795,215 832,348
Other 31,352 31,352 21,340
Total 608,658 219,249 827,907 855,351
NET INCOME/(EXPENDITURE) (529,816) 546,426 16,610 97,814
Transfers between funds 12 524,314 (524,314)
Net movement
in		 funds (5,502) 22,112 16,610 97,814
RECONCILIATION OF FUNDS
Total funds brought forward 131,711 115,726 247,437 149,623
TOTAL FUNDS CARRIED FORWARD 126,209 137,838 264,047 247,437

2023 2022
Unrestricted Restricted Tota I Total
fund fund funds funds
Notes E E E
FIXEDASSETS
Intangible
assets		 7 12,950 12,950 14,800
Tangible assets 8 20,891 20,891 25,425
Investments 9 6,000 6,000 6,000
39,841 39,841 46,225
CURRENT ASSETS
Debtors 10 344,463 344,463 356,365
Cash at bank 59,073 137,838 196,911 170,789
403,536 137,838 541,374 527,154
CREDITORS
Amounts
falling due within one year		 11 (317,168) (317,168) (325,942)
NET CURRENT ASSETS 86I368 137,838 224I206 201,212
TOTAL ASSETS LESSCURRENT
LIABILITIES 126,209 137,838 264,047 247,437
NET ASSETS/(LIABILITIES) 126,209 137,838 264,047 247,437
FUNDS 12
Unrestricted
funds		 126,209 131,711
Restricted
funds		 137,838 115,726
TOTAL FUNDS 264,047 247,437

The Community
Heartbeat		 Trust
Cash Flow Statement
for the year ended 31May 2023
2023 2022
Notes 6 f.
Cash flows from operating activities
Cash generated
from operations		 1 652,548 800,797
Net cash provided
by operating		 activities 652,548 800,797
Cash flows from investing activities
Purchase of tangible
fixed assets		 (626,426) (671,496)
Net cash used
in investing
activities		 (626,426) (671,496)
Change
in		 cash and cash
equivalents in the reporting period 26,122 129,301
Cash and cash equivalents at the
beginning ofthe reporting period 170,789 41,488
Cash and cash equivalents at the
end ofthe reporting
period		 196,911 170,789

The Community
Heartbeat Trust
Notes to the Cash Flow Statement
for the year ended 31May 2023		 The Community
Heartbeat Trust
Notes to the Cash Flow Statement
for the year ended 31May 2023		 The Community
Heartbeat Trust
Notes to the Cash Flow Statement
for the year ended 31May 2023
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2023 2022
6
Net income
ofFinancial		 for the reporting
Activities)		 period (as per the Statement 16,610 97,814
Adjustments for:
Depreciation charges 632,810 677,879
Decrease/(increase) in debtors 11,902 (39,561)
(Decrease)/increase in creditors (8,774) 64,665
Net cash provided by operations 652,548 800,797
ANALYSIS OF CHANGES IN NET FUNDS
At 1.6.22
6		 Cash flow
I		 At 31.5.23
I
Net cash
Cash at bank 170,789 26,122 196,911
170,789 26,122 196,911
Total 170,789 26,122 196,911


for the year ended 31May 2
for the year ended 31May 2
for the year ended 31May 2
for the year ended 31May 2
023
INCOME FROM CHARITABLE ACTIVITIES
Activity 2023
6		 2022
I
Managed solutions Managed solutions 844,517 953,165
RAISING FUNDS
Raising donations and legacies
2023
I		 2022
8
Promotion costs 1,340 1,663
CHARITABLE ACTIVITIES COSTS
Direct
Costs
Managed solutions 795,215

There were
no
tr
31 May 2022.		 ustees'
expenses
paid for the year ended 31 May 202		 ustees'
expenses
paid for the year ended 31 May 202		 ustees'
expenses
paid for the year ended 31 May 202		 3 nor for the year
ende
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restdcted Total
fund
6		 fundI funds
6
INCOME AND ENDOWMENTS FROM
Charitable
activities
Managed
solutions		 677,940 275,225 953,165
EXPENDITURE ON
Raising funds 1,663 1,663
Charitable
activities
Managed
solutions		 596,318 236,030 832,348
Other 21,340 21,340
Total 619,321 236,030 855,351
NET INCOME 58,619 39,195 97,814
RECONCILIATION OF FUNDS
Total funds brought forward 73,092 76,531 149,623
TOTAL FUNDS CARRIED FORWARD 131,711 115,726 247,437

INTANGIBLE FIXEDASSETS
Goodwill
f
COST
At 13une 2022 and 31May 2023 18,500
AMORTISATION
At 1)une 2022 3,700
Charge for year 1,850
At 31May 2023 5,550
NET BOOK VALUE
At 31 May 2023 12,950
At 31 May 2022 14,800
TANGIBLE FIXEDASSETS
Managed
Office solutions Training
building equipment equipment
E		 Totals
f
COST
At 1 )une 2022 17,780 5,431,074 27,555 5,476,409
Additions 626,426 626,426
At 31 May 2023 17,780 6,057,500 27,555 6,102,835
DEPRECIATION
At 1)une 2022 8,890 5,431,074 11,020 5,450,984
Charge for year 1,778 626,426 2,756 630,960
At 31 May 2023 10,668 6,057,500 13,776 6,081,944
NET BOOK VALUE
At 31May 2023 7,112 13,779 20,891
At 31May 2022 8,890 16,535 25,425
FIXEDASSETINVESTMENTS
Unlisted
investments
MARKET VALUE
At 1)une 2022 and 31May 2023 6,000
NET BOOK VALUE
At 31May 2023 6,000
At 31May 2022 6,000

DEBTORS:A MOUNTS
F		 ALLING DUE WITHIN ONE Y EAR
2023 2022
E E
Trade debtors 85,256 125,484
Related
party		 145,486 117,160
Prepayments
and accrued		 income 113,721 113,721
344,463 356,365
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
E E
Deposits held 229,307 281,516
Trade creditors 83,661 39,626
Other creditors 4,200 4,800
317,168 325,942
MOVEMENT IN FUNDS
Net Transfers
movement between At'
At 1.6.22 in funds funds 31.5.23
E E E E
Unrestricted funds
Unrestricted
fund		 131,711 (529,816) 524,314 126,209
Restricted funds
Restricted
fund		 115,726 546,426 (524,314) 137,838
TOTAL FUNDS 247,437 16,610 264,047

Net movement
in funds,
included
in the		 above are as follows:
Incoming Resources Movement
resources expended in funds
E E E
Unrestricted
funds
Unrestricted
fund		 78,842 (608,658) (529,816)
Restricted funds
Restricted
fund		 765,675 (219,249) 546,426
TOTAL FUNDS 844,517 (827,907) 16,610

Comparati ve s
for movement
in funds
Net
movement At
At 1.6.21 in funds 31.5.22
E E
Unrestricted funds
Unrestricted fund 73,092 58,619 131,711
Restricted funds
Restricted fund 76,531 39,195 115,726
TOTAL FUNDS 149,623 97,814 247,437

Comparativ e
n		 et movemen t
in fund		 s,
included
in th		 e abov e are as follo ws:
Incoming Resources Movement
resources expended in funds
E E E
Unrestricted funds
Unrestricted fund 677~940 (619~321) 58,619
Restricted funds
Restricted fund 275,225 (236,030) 39,195
TOTAL FUNDS 953,165 (855,351) 97,814
A current year 12 months and prior year 12months combined
position		 is as follows:
Net Transfers
movement between At
At 1.6.21 in funds funds 31.5.23
E E E E
Unrestricted funds
Unrestricted fund 73,092 (471,197) 524,314 126,209
Restricted funds
Restricted fund 76,531 585,621 (524,314) 137,838
TOTAL FUNDS 149,623 114,424 264,047

A current
year 12 months
and prior ye
the above are as follows:		 ar 12 months
combined
net m		 ovement
in fund		 s,
included
Incoming Resources Movement
resources expended in funds
E E E
Unrestricted
funds
Unrestricted
fund		 756,782 (1,227,979) (471,197)
Restricted funds
Restricted
fund		 1,040,900 (455,279) 585,621
TOTAL FUNDS 1,797,682 (1,683,258) 114,424

The Community
Heartbeat
Trust
Detailed Statement of Financial Activities
for the year ended 31May 2023
2023 2022
6 6
INCOME AND ENDOWMENTS
Charitable
activities
Managed
solutions		 844,517 953,165
Total incoming
resources		 844,517 953,165
EXPENDITURE
Raising donations and legacies
Promotion
costs		 1,340 1,663
Charitable
activities
Managed
solutions		 795,215 832,348
Other
Accountancy 5,658 2,939
Insurance 12,100 5,330
Depreciation
and amortisation		 6,384 6,383
Communications
snd		 IT 6,210 5,055
Office 699 471
Protective
clothing		 662
Legal and professional 301 500
31,352 21,340
Total resources expended 827,907 855,351
Net income 16,610 97,814