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2021-03-31-accounts

Registered number: 06923705 Charity number: 1133138

HETTY'S (a company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

HETTY'S (a company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the company, its Trustees and advisers 1
Trustees' report 2 - 9
Independent examiner's report 10
Statement of financial activities 11
Balance sheet 12
Notes to the financial statements 13 - 27

HETTY'S (a company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021

Trustees V Gardiner
T Dauban
S Needham (resigned 18 November 2020)
D W Marriott
C Jackson
K Reid (resigned 20 November 2020)
Company registered
number
06923705
Charity registered
number
1133138
Registered office
Marlborough House
23 Woodhouse Road
Mansfield
Nottinghamshire
NG18 2AF
Chief executive officer
D Knowles
Accountant
Jonathan Wilson
Chartered Accountant
Cromwell House
68 West Gate
Mansfield
Nottinghamshire
NG18 1RR
Bankers
Co-operative Bank PLC
PO Box 250
Delf House
Southway
Skelmersdale
WNT 6WT
Mansfield Building Society
Regent House
Regent Street
Mansfield
Nottinghamshire
NG18 1SS

Page 1

HETTY'S (a company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their annual report together with the financial statements of the company for the year from 1 April 2020 to 31 March 2021. The annual report serves the purposes of both a trustees' report and a directors' report under company law. The trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) as amended by Update Bulletin 2 (effective January 2019).

Since the company qualifies as small under section 382 of the Companies Act 2006, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

The principal objects of the charity are:

In setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Main activities undertaken to further the company's purposes for the public benefit

The trustees have complied with the duty (set out in Section 4 of the Charities Act 2006) to have due regard to public benefit guidance published by the Charities Commission. The trustees have considered the public benefit delivered by Hetty’s and have made the following response: “Our aim is to benefit disadvantaged families and communities by providing free support around substance misuse. Our primary focus is on North Nottinghamshire although we are happy to share our expertise across the UK and mentor similar organisations according to need.”

Achievements and performance

a. Review of activities

Hetty's board confirms that on a fund by fund basis the charity's assets are available and adequate to fulfil the obligations of the charity. The board regards all activities as fulfilling the main objective of the charity, however, certain funds are restricted to particular areas of activity within the charity’s main objectives and these are classified as restricted funds.

Principal funding sources:

The charity's core funding in 2020-2021 was comprised of a grant from the substance treatment provider in

Page 2

HETTY'S (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance (continued)

Nottinghamshire ‘Change, Grow, Live’ (CGL), as well as a restricted grant from The Community Fund.

Other funding grants and donations were provided from the following organisations:

About the service

Hetty’s is a dedicated family service, providing emotional and practical support to family members affected by a loved one’s substance or alcohol misuse. With deep community roots and over 25 years’ experience, Hetty’s has established a reputation of non-judgmental and effective support provision, which is clearly evidenced in service feedback and partnership support.

Family members enter the service during times of despair and chaos, and, using a variety of interventions, Hetty’s aim is to reduce isolation and empower families, individuals, and communities to maximise and improve their social capital and life chances. However, management recognises that the impact on families can be complex, and often more than one member of the family may require support at any one time, and so, where possible, the service has been tailored to ensure that it supports whole families with their individual issues by working in close partnership with other support services.

Hetty’s provides a range of services that are aimed at providing diversity of engagement, and progression opportunities, for clients. These include:

National picture:

According to the UKDPC study (2009) "Supporting the supporters: families of drug misusers", the cost of the harms experienced by families as a result of their relative’s drug use amounts to £1.8 billion per year. These

Page 3

HETTY'S (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance (continued)

harms include psychological distress, mental and physical ill health, domestic violence (which can often accompany substance misuse), negative financial impacts including theft and paying off drug debts, and the impact on employment through stress or the need to provide care for the user (or the user’s children, in the case of many grandparent carers).

The UK Drug Policy Commission states that "families can and do contribute" to routine care and support of drug misusers, and in some cases provide detoxification services at home – relieving the pressure on NHS services as well as providing accommodation, support and day-to-day care that might otherwise need to be provided by the state’. The report estimated these cost savings to the state at £750 million per year.

Service Evaluation:

Hetty’s successfully engaged and worked with 478 individual clients in the reporting period 1 April 2020 – 31 March 2021. These unique clients accessed 5,556 sessions from a range of support on offer, with 7,966 attendances within the sessions. Due to the duration of time clients access the service Hetty's delivered interventions to approximately 200 actively engaged clients every month.

The graph below shows work areas broken down by districts and attendees.

Work area Ashfield Bassetlaw Broxtowe Gedling Mansfield N&S Out of area Rushcliffe Total
1 to 1 sessions 187 180 222 127 352 138 2 119 1327
Bereavement 2 4 1 4 13 24
Clinical Supervision 9 3 7 3 5 4 6 37
Peer Support Groups 77 221 82 107 369 272 7 86 1221
Educational Focus Groups 18 42 20 21 111 60 5 25 302
Helpline contacts (inwards) 219 157 117 85 237 119 20 73 1027
Mediation 2 2
Safeguarding 8 26 30 7 10 4 15 100
Telephone/email ongoing supp o
485		 523 411 339 1048 712 30 378 3926

In response to the COVID – 19 pandemic Hetty’s have devised a new pathway and support contract that not only streamlines the service but helps Hetty’s to respond to the ever increasing demand and new referrals. Hetty’s have learnt and developed their digital offer during the pandemic and have embedded digital practises that respond and meet the client’s and service need.

Substance Users Primary dAshfield
Bassetlaw
Broxtowe
Gedling
Mansfield
N&S
Out of area
Rushcliffe
Total		 Substance Users Primary dAshfield
Bassetlaw
Broxtowe
Gedling
Mansfield
N&S
Out of area
Rushcliffe
Total		 Substance Users Primary dAshfield
Bassetlaw
Broxtowe
Gedling
Mansfield
N&S
Out of area
Rushcliffe
Total		 Substance Users Primary dAshfield
Bassetlaw
Broxtowe
Gedling
Mansfield
N&S
Out of area
Rushcliffe
Total		 Substance Users Primary dAshfield
Bassetlaw
Broxtowe
Gedling
Mansfield
N&S
Out of area
Rushcliffe
Total		 Substance Users Primary dAshfield
Bassetlaw
Broxtowe
Gedling
Mansfield
N&S
Out of area
Rushcliffe
Total		 Substance Users Primary dAshfield
Bassetlaw
Broxtowe
Gedling
Mansfield
N&S
Out of area
Rushcliffe
Total		 Substance Users Primary dAshfield
Bassetlaw
Broxtowe
Gedling
Mansfield
N&S
Out of area
Rushcliffe
Total		 Substance Users Primary dAshfield
Bassetlaw
Broxtowe
Gedling
Mansfield
N&S
Out of area
Rushcliffe
Total		 Substance Users Primary dAshfield
Bassetlaw
Broxtowe
Gedling
Mansfield
N&S
Out of area
Rushcliffe
Total
Alcohol
29
24
12
21
52
29
4
14
185
Amphetamines 1 4 3 8
Cannabis
12
11
10
3
20
8
11
75
Cocaine 6 7 5 1 12 5 2 38
Crack cocaine
2
1
2
3
8
Ecstacy (MDMA) 2 1 1 4
Heroin
8
9
5
2
8
4
2
38
Methadone 2 2 4 3 6 1 2 20
NPS
2
2
Other 2 2
Other opiates
1
1
2
Prescribed medication 1 1
Substance Free
6
3
9
Unknown 17 16 5 9 25 8 1 5 86

Page 4

HETTY'S (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance (continued)

Evaluation

Evaluating the service in general, and in particular from the 1-1 provision, is key to ensuring that techniques and support delivery remain effective. This evaluation process consists of client feedback questionnaires, client and staff focus group sessions, and using the proven client score based RickterTM tool

Results from the general client questionnaires, asked of clients on exit from the service, have been really positive for the past year, with 100% of respondents rating the service they had received as ‘Excellent’ or ‘Very good’.

A snapshot of data from Rickter a self-rated tool which measures the journey travelled by Hetty’s clients, from entering Hetty’s service pathway to review and exit .

Rickter Scale Outcome % of positive
change
How knowledgeable do you feel about your current issues? 82.5
How isolated do you feel at this time in your life? 77.3
How safe do you and other family members feel at this time? 55.2
How much are you influenced by others to do the things that you really do not want
to do?		 67.5
How happy are you with your relationships? 76.5
How stressed do you feel at this time in your life? 82.5
How do you feel you are coping with the present situation? 82.3
How confident are you about talking to others about your situation? 64.3
How much choice/control do you feel you have in dealing with your present issues? 85
How happy are you at this time in your life? 79.7

Page 5

HETTY'S (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance (continued)

Comments from general feedback and exit questionnaires:

Q. Of all the things you have worked on with Hetty's, what have you found most useful?

Column1 1-1 support and advise Boundary setting and having a better understanding of addiction Group support and being with peer that make you feel normal Knowing its ok to not get everything right and also it being ok to say no One to one support and others that understand and empathise Speaking to someone with knowledge & help to rationalise thoughts Understand addiction and now able to put a boundary in place Ways to cope with my emotions in times of stress Coping strategies and how to explain myself before blowing off. Think about things before saying it and I know I have Carmel to talk to knowing how to do boundaries and that I am important too

Q. As a result of the support from Hetty's have you or has anything in your life changed at all? If yes, please describe

Column1

Everything. I am happier, assertive and confident. i dont feel like the same person who went to Hettys Feel stronger to deal with the whole situation better understanding and knowledge Have more confidence in myself & know how to cope with my situation better Having emotional support which has helped me be stronger with Frank I am not so hard on myself for the mistakes my son has made I don’t enable or shout at him anymore. I realised it was wrong Massively. I understand addiction and that it’s not a quick fix. My son is now clean Yes. Natalie is now in recovery. responding instead of reacting. Not empty threats

Page 6

HETTY'S (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance (continued)

Since accessing Hetty's, have you noticed any impact of that support on your FAMILY MEMBER who was misusing drugs/alcohol?

Column1

He has stopped telling lies now he knows we have more knowledge

He now understands the impact his using had on myself

He realised that I wasn’t going to put up with his behaviour towards her any more I know the right way to approach situations are difficult he is much calmer in approaching them

Jon is in recovery and now loves the Hetty’s groups. Jon has never liked groups before and I think its down to the way in which it is facilitated

Reduced his drug use

Seeking help has influenced her daughter

Yes she knows she means what I say now, not a soft touch any more

Financial review

a. Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The board has examined the charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible assets held by the charity should be around 12 months of current expenditure. Due to changes in funding by the Local Authorities in October 2014, families where the substance user is not obtaining treatment from a service provider are no longer funded and so a strategic plan was implemented to cover this deficit. Hetty’s were successful with their application for the ‘Reaching Communities’ funding from The Community Fund, covering these “Forgotten Families”, and this title has stayed with the project and has provided a 5 year stepped reduction grant, 2019/20 saw the commencement of year 5 of this grant.

Financial position:

The charity needs reserves to enable it to meet both its ongoing commitments in respect of its general charitable activities and to meet its future operating requirements. The level of total reserves is judged appropriate for the present situation and needs of the charity. The trustees will review this position and policy on an annual basis.

Structure, governance and management

a. Constitution

Hetty's is registered as a charitable company limited by guarantee, number 1133138 and was set up by a Memorandum of Association.

Page 7

HETTY'S (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management (continued)

The assets of the charity were transferred from the former unincorporated charity "Hetty's," charity number 1087540, on 1 June 2010.

The company is registered as a charitable company limited by guarantee and was set up by a memorandum of association on 3 June 2009.

b. Methods of appointment or election of trustees

The management of the company is the responsibility of the trustees who are elected and co-opted under the terms of the Memorandum of Association. Trustees are elected on the recommendation of fellow trustees and the minimum number is one and there is no maximum number. All trustees shall retire at each annual general meeting and offer themselves for re-election.

c. Organisational structure and decision-making policies

The charity is governed by its memorandum and articles adopted on 3 June 2009. Overall management of the charity is the responsibility of the trustees who are elected and co-opted at annual general meeting under the terms of the memorandum and articles. Day to day project activity is managed and carried out by volunteers and paid staff.

d. Policies adopted for the induction and training of trustees

The induction and training of trustees is viewed as an ongoing process and relevant training opportunities are brought to the attention of the board as required. Newly recruited trustees are offered an induction, training designed around their existing knowledge of Hetty's organisation and their role. All trustees receive the following :

e. Pay policy for key management personnel

The trustees make recommendations for the salary scales for all staff and for specific salaries on those scales for senior staff. The trustees consider the recommendations for any individuals in their absence.

f. Financial risk management

The trustees have reviewed the risks to which the charity is exposed and have ensured that appropriate controls/procedures have been established to provide reasonable assurance against fraud and error. The major risks to the charity which have been identified by the trustees are detailed in a risk analysis and management strategy as part of our current business plan which is reviewed at least annually. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. The business plan and fundraising strategy have been developed to support diversification of funding thereby improving the long term financial stability of the organisation. Robust procedures are in place to manage the day to day health and safety of all families/service users, staff and visitors. The continuing implementation of staff and volunteer accredited training and adherence to the ISO9001 management standard ensures a consistent quality of service delivery.

Page 8

HETTY'S (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Plans for future periods

Approved by order of the members of the board of trustees on 28 October 2021 and signed on their behalf by:

T Dauban

(Trustee)

Page 9

HETTY'S (a company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021

Independent examiner's report to the trustees of Hetty's ('the company')

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2021.

Responsibilities and basis of report

As the trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's trustees as a body, for my work or for this report.

Signed: Jonathan Wilson FCA CTA

Dated: 8 November 2021

Jonathan Wilson ICAEW

Page 10

HETTY'S (a company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Note
Income from:
Donations and legacies
3
Other trading activities
4
Investments
5
Total income
Expenditure on:
Raising funds
6
Charitable activities
7
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2021
£
67,884
25,764
9,565
103,213
1,948
62,755
64,703
38,510
299,738
38,510
338,248		 Restricted
funds
2021
£
257,029
-
-
257,029
-
257,029
257,029
-
-
-
-		 Total
funds
2021
£
324,913
25,764
9,565
360,242
1,948
319,784
321,732
38,510
299,738
38,510
338,248		 Total
funds
2020
£
187,078
48,076
20,053
255,207
2,992
264,013
267,005
(11,798)
311,536
(11,798)
299,738

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 13 to 27 form part of these financial statements.

Page 11

HETTY'S (a company limited by guarantee) REGISTERED NUMBER: 06923705

BALANCE SHEET AS AT 31 MARCH 2021

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one
year
12
Net current assets
Total net assets
Charity funds
Restricted funds
13
Unrestricted funds
13
Total funds		 63,117
289,145
352,262
(84,276)		 2021
£
70,262
267,986
338,248
-
338,248
338,248		 32,613
243,057
275,670
(48,623)		 2020
£
72,691
227,047
299,738
-
299,738
299,738

The company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the trustees on 28 October 2021 and signed on their behalf by:

D W Marriott

(Trustee)

The notes on pages 13 to 27 form part of these financial statements.

Page 12

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Hetty's meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Going concern

At the date of signing there is a degree of uncertainty about the economic impact of COVID-19. The trustees continue to monitor the position closely however they believe that the company can continue at its current level of activity subject to continued support from funders and the bank and they therefore continue to adopt the going concern basis.

1.3 Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

1.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Page 13

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting policies (continued)

1.4 Expenditure (continued)

Expenditure on raising funds includes all expenditure incurred by the company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

1.5 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the statement of financial activities as the related expenditure is incurred.

1.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

1.7 Tangible fixed assets and depreciation

Tangible fixed assets costing £2,500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following bases:

Freehold property - straight line over 25 or 50 years
Fixtures and fittings - 1/3 straight line basis

1.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 14

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting policies (continued)

1.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the statement of financial activities as a finance cost.

1.11 Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.12 Operating leases

Rentals paid under operating leases are charged to the statement of financial activities on a straight line basis over the lease term.

1.13 Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

1.14 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 15

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting policies (continued)

1.15 Concessionary loans

The company has taken advantage of Section 34 of FRS 102 to recognise loans to and from public benefit entities as concessionary loans. As such the company initially recognised and measured the loans at the amounts payable and receivable in the balance sheet. In subsequent years, the carrying values will be adjusted to reflect repayments and any accrued interest, where applicable an adjusted if necessary for any impairment.

2. General information

Hetty's is a company limited by guarantee, registered in England and Wales, registration number 06923705 and a charitable company registered with The Charity Commission, registration number 1133138.

3. Income from donations and legacies

Unrestricted
funds
2021
£
Donations
Donations
15,597
Gift Aid
15,626
Grants
8,635
Government grants
28,026
67,884
Total 2020
90,101		 Restricted
funds
2021
£
-
-
253,029
4,000
257,029
96,977		 Total
funds
2021
£
15,597
15,626
261,664
32,026
324,913
187,078		 Total
funds
2020
£
14,775
-
172,303
-
187,078

Included in restricted funds are grants from "The Big Lottery Fund:"

Forgotten Families - £30916 (2020 - £47,000) COVID-19 Response - £63,655 (2020 - £nil)

Page 16

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

4. Income from other trading activities

Income from fundraising events

Unrestricted
funds
2021
£
Fundraising
5,599
Sales of donated goods
20,165
25,764
Total 2020
48,076		 Total
funds
2021
£
5,599
20,165
25,764
48,076		 Total
funds
2020
£
5,021
43,055
48,076

5. Investment income

Unrestricted
funds
2021
£
Rental income
5,717
Management charge
1,734
Bank interest receivable
2,114
9,565
Total 2020
20,053		 Total
funds
2021
£
5,717
1,734
2,114
9,565
20,053		 Total
funds
2020
£
8,180
9,273
2,600
20,053

Page 17

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

6. Expenditure on raising funds

Costs of raising voluntary income

Unrestricted
funds
2021
£
Fundraising expenses
1,948
Total 2020
2,992		 Total
funds
2021
£
1,948
2,992		 Total
funds
2020
£
2,992

Page 18

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

7. Analysis of charitable activities

General fund
Total 2020		 Activities
undertaken
directly
2021
£
319,784
264,013		 Total
funds
2021
£
319,784
264,013		 Total
funds
2020
£
264,013

Analysis of direct costs

Staff costs
Depreciation
Other staff costs
Rent
Utilities and cleaning
Repairs, renewals and computer costs
Insurance
Professional fees
Telephone, postage and stationery
Volunteer expenses
Training
Sundry expenses
Independent examination		 Total
funds
2021
£
228,549
2,429
4,043
9,075
10,008
33,096
2,133
4,335
10,474
1,290
3,306
8,946
2,100
319,784		 Total
funds
2020
£
209,914
2,429
4,817
11,901
8,128
10,385
2,391
1,239
5,955
1,660
1,242
3,162
790
264,013

Page 19

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

8. Staff costs

2021
£
Wages and salaries
205,858
Social security costs
15,674
Contribution to defined contribution pension schemes
7,017
228,549
The average number of persons employed by the company during the year was as follows:
2021
No.
Charitable activities
11		 2020
£
194,467
9,154
6,293
209,914
2020
No.
12

No employee received remuneration amounting to more than £60,000 in either year.

Remuneration and benefits received by key management personnel amounted to £81,972 (2020 - £60,245).

9. Trustees' remuneration and expenses

During the year, no trustees received any remuneration or other benefits (2020 - £NIL).

During the year ended 31 March 2021, no trustee expenses have been incurred (2020 - £NIL).

Page 20

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

10. Tangible fixed assets

Cost or valuation
At 1 April 2020
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020
11.
Debtors
Trade debtors
Amounts owed by participating interests
Prepayments and accrued income		 Freehold
property
£
86,444
86,444
13,753
2,429
16,182
70,262
72,691		 Fixtures and
fittings
£
8,696
8,696
8,696
-
8,696
-
-
2021
£
30,146
31,218
1,753
63,117		 Total
£
95,140
95,140
22,449
2,429
24,878
70,262
72,691
2020
£
838
27,564
4,211
32,613

The concessionary loan, which is interest free, has been made by The Humane Touch Community Interest Company, a company that is controlled by Hetty's.

Page 21

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

12. Creditors: amounts falling due within one year

Trade creditors
Amounts owed to other participating interests
Other taxation and social security
Other creditors
Accruals and deferred income		 2021
£
5,608
19,955
988
2,888
54,837
84,276		 2020
£
3,438
15,987
3,874
2,755
22,569
48,623

The concessionary loans, which are interest free, have been made to The Humane Touch Community Interest Company, a company that is controlled by Hetty's.

Deferred income at 1 April 2020
Resources deferred during the year
Amounts released from previous periods		 2021
£
18,620
49,541
(18,620)
49,541		 2020
£
45,444
18,620
(45,444
18,620

The deferred income balance relates to grants that are subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or are subject to unmet conditions wholly outside the control of the recipient charity. The grants are accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.

Page 22

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

13. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Development of Stable Block
Fund
Warsop Shop Premises Fund
Shop Van Fund
Outside Area Plot Fund
Storage unit Warsop shop
Fund
Fire/security Fund
Consultancy Fund
General funds
General Fund
Total Unrestricted funds
Restricted funds
Revenue fund
Total of funds		 Balance at 1
April 2020
£
40,000
10,000
10,000
15,000
-
-
-
75,000
224,738
299,738
-
299,738		 Income
£
-
-
-
-
-
-
-
-
103,213
103,213
257,029
360,242		 Expenditure
£
-
-
-
-
-
-
-
-
(64,703)
(64,703)
(257,029)
(321,732)		 Transfers
in/out
£
-
-
(10,000)
(15,000)
20,000
10,000
10,000
15,000
(15,000)
-
-
-		 Balance at
31 March
2021
£
40,000
10,000
-
-
20,000
10,000
10,000
90,000
248,248
338,248
-
338,248

Page 23

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

13. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Development of Stable Block
Fund
Sustainability and Development
Fund
Warsop Shop Premises Fund
Shop Van Fund
Outside Area Plot Fund
General funds
General Fund
Total Unrestricted funds
Restricted funds
Revenue fund
Total of funds		 Balance at
1 April 2019
£
55,000
25,000
20,000
10,000
-
110,000
201,536
311,536
-
311,536		 Income
£
-
-
-
-
-
-
158,230
158,230
96,977
255,207		 Expenditure
£
-
-
-
-
-
-
(170,028)
(170,028)
(96,977)
(267,005)		 Transfers
in/out
£
(15,000)
(25,000)
(10,000)
-
15,000
(35,000)
35,000
-
-
-		 Balance at
31 March
2020
£
40,000
-
10,000
10,000
15,000
75,000
224,738
299,738
-
299,738

Page 24

HETTY'S

(a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

14. Purpose of funds

Unrestricted funds:

General fund

These are funds which are available for use at the discretion of the directors in furtherance of the general objects of the charity. Included in the general fund is an amount of £70,262 (2020 - £72,691) represented by fixed assets purchased out of general funding.

Designated funds

The remaining funds have been designated for particular projects or uses which have been identified by the trustees through the strategic planning process as important for the implementation of the strategic aims, objectives and recognised growth of the charity but for which future funding is uncertain.

Restricted funds:

These represent the balance of restricted grants for projects which have not been completed at the balance sheet date.

Page 25

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

15. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2021
£
Tangible fixed assets
70,262
Current assets
350,799
Creditors due within one year
(82,813)
338,248		 Total
funds
2021
£
70,262
350,799
(82,813)
338,248

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year		 Unrestricted
funds
2020
£
72,691
275,670
(48,623)
299,738		 Total
funds
2020
£
72,691
275,670
(48,623)
299,738

16. Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £7,017 (2020 - £6,293). Contributions totalling £2,888 (2019 - £2,755) were payable to the fund at the balance sheet date and are included in creditors.

17. Operating lease commitments

At 31 March 2021 the company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

2021 2020
£ £
Later than 1 year and not later than 5 years 9,000 9,000

Page 26

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

18. Related party transactions

Rent of £9,000 (2020 - £8,800) was paid to S Needham, a director of Hetty's until 18 November 2020.

The company has paid for consultancy fees of £NIL (2020 - £15,000) to Nottinghamshire Community Foundation, a charity, where T Dauban, a director of Hetty's, is the chief executive.

These payments were made in accordance with section 5 of the memorandum of association.

There are no further related party transactions to disclose.

19. Members' liability

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £1 for the debts and liabilities contracted before he/she ceases to be a member.

Page 27