OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-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 2023

HETTY'S (a company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the company, its trustees and advisers 1
Trustees' report 2 - 11
Independent examiner's report 12
Statement of financial activities 13
Balance sheet 14
Statement of cash flows 15
Notes to the financial statements 16 - 32

HETTY'S (a company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023

Trustees V Gardiner
T Dauban
D W Marriott
C Jackson
S Tait (appointed 2 March 2023)
Company registered
number
06923705
Charity registered
number
1133138
Registered office
Burnaby House
Church Street
Mansfield Woodhouse
Nottinghamshire
NG19 8AH
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
Solicitors
Harrop White, Vallance & Dawson
9-11 Albert Street
Mansfield
Nottinghamshire
NG18 1EA

Page 1

HETTY'S (a company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

The trustees present their annual report together with the financial statements of the company for the year from 1 April 2022 to 31 March 2023. 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.

Page 2

HETTY'S (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

Principal funding sources:

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.

Over 63% of the charity's core funding in 2022-2023 was comprised of a grant from the substance treatment provider in Nottinghamshire ‘Change, Grow, Live’ (CGL), as well as a restricted grant from The Lottery Community Fund.

The remaining core costs have been achieved by various calendared fundraising events, a monthly membership scheme, trading through Warsop Charity shop and online eBay platform, donations, and small one off grants.

Throughout 2022-2023 Hetty’s raised one off capital funds to secure and purchase a “Forever Home” in Mansfield Woodhouse, a base for the charity to continue its valuable work and adding some financial security, by reducing annual rental costs and enabling the charity to raise future self-sustaining funds by utilising space to offer room hire to other small community groups.

Capital funding was received from the following:

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 26 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:

Page 3

HETTY'S (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

communication difficulties.

FORGOTTEN5MILLION

National picture:

Hetty’s have looked at the national context for our work. In December 2021 Adfam launched its #FORGOTTENFIVEMILLION research, evidencing the numbers of people negatively affected by someone else’s drinking, drug taking or gambling. Research showed that 5.5 million people in the UK are currently affected by the above equating to 1 in 10 of us or 11% of the population. The research also showed a prolonged negative effect of substance use. One third of people surveyed had been negatively affected for over 10 years, another third for between 4 and 10 years and a quarter for 1-3 years. Hetty’s statistics echo the Adfam research as our records show that many families access Hetty’s services and support for between 4 and 10 years.

Service Evaluation:

Hetty’s have had another successful year supporting and empowering families in Nottinghamshire affected by someone else’s substance misuse.

Hetty’s successfully engaged and worked with 473 individual clients in the reporting period 1 April 2022 – 31 March 2023. 86 of the 473 unique clients identified as Kinship Carers. These unique clients accessed 4002 support sessions from a range of interventions on offer, with 5,802 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.

Page 4

HETTY'S (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

The table below shows the delivered throughout the 12 month period by work area/intervention broken down by districts and the number of attendees within the sessions.

Out
Newark & of
Work area Ashfield Bassetlaw Broxtowe Gedling Mansfield Sherwood area Rushcliffe Total
1 to 1 sessions 158 166 116 168 378 112 1 222 1321
Bereavement 1 4 1 2 1 9
Clinical
Supervision 1 6 2 4 2 3 18
Consultation
Activities 8 7 1 2 4 6 1 29
Peer Support
Groups 82 146 49 51 600 136 16 26 1106
Educational
Courses 22 37 16 15 74 23 5 4 196
Fundraising 3 1 4
Helpline contacts
69		 46 98 58 96 36 4 43 450
Safeguarding 14 9 5 9 34 7 14 92
Telephone/email
ongoing support 272 549 183 210 677 310 11 243 2455
Volunteering
Activities 3 3 7 7 58 14 29 122
Total 630 976 479 526 1924 648 37 582 5802

Hetty’s continues to streamline services to meet the ever demanding need and demand from families who are negatively affected by someone else’s substance misuse. In the last 12 months Hetty’s has introduced a revised, structured pathway, making all group activities open access from initial referral and throughout all stages of the support pathway, which has helped to ensure that clients receive substantial support whilst on the waiting list.

The WhatsApp Groups played a highly impactful role in delivering the long term support stage in the pathway (stage 3). The number of groups has increased over the year, including an exercise group and ‘bargain sharing’ group, with increased participation in all service user groups.

Service users reported finding the WhatsApp groups highly accessible, allowing them to maintain anonymity by joining a group from a different geographical area if they wish, and by quietly observing others’ comments without feeling any pressure to contribute themselves. Clients dip in and out of the conversation and engage a very different times of day as suits their individual lifestyles and support needs. New clients entering stage 1 of the support pathway are encouraged to join the WhatsApp groups.

The staff team report that the effects of the pandemic linger. The impact on young people’s mental health is well documented, many young people turning to substance misuse to cope. As a result, the organisation has

Page 5

HETTY'S (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

seen a significant increase in referrals over the last year. The cost of living crisis has also significantly impacted on Hetty’s clients. Many are returning to work or increasing their working hours, therefore clients have less availability to attend one-to-one or group support sessions in the daytime. The staff team have embraced and sustained new ways of working to manage these challenges, introducing one-to-one and group sessions in the evenings, and continuing to offer blended support, through face-to-face and online sessions, to increase the efficient use of staff time. This has been particularly impactful in the larger districts where travel time can be extensive.

Volunteering . Over the course of the year, especially the later part of the year, since the purchase of Burnaby House, Hetty’s has seen a dramatic increase in scale of volunteer activity, supporting all areas of the service. A total of 70 volunteers have supported Hetty’s during the reporting period, giving 6,265 hours of volunteering time.

Hetty’s Kinship Care Support Workers continue to support kinship families in relation to a wide range of topics. In addition to general one-to-one support, a number of specialist topics related to kinship care were discussed. This included general advice around caring for kinship children; Social Care and child protection issues; legal and residency orders; financial payments and planning, debt issues, child benefits and applying for grants; and making contact arrangements with birth parents. The team have invested a considerable amount of time ensuring that all educational resources for parents, that would be shared through one-to-one and groupbased sessions, are available online. This is increasing the accessibility of resources to clients

Safeguarding Over the last year the team have seen an increase in the number of safeguarding issues, including more complex cases, vulnerable adults and Child Criminal Exploitation. The team work closely with partners to ensure the safety of families and children is paramount. This is supported by supervision and ongoing training.

Page 6

HETTY'S (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

The table below shows the number of unique family members who have accessed during the year, and their loved ones primary substance of choice. Alcohol remains the predominant substance that families report having negative issue around.

Out
Primary drug of Newark & of
choice Ashfield Bassetlaw Broxtowe Gedling Mansfield Sherwood area Rushcliffe Total
Alcohol 26 36 17 29 55 28 1 18 210
Amphetamines 1 1
Cannabis 11 8 7 12 25 5 7 75
Cocaine 13 6 6 6 18 11 10 70
Crack cocaine 3 5 3 2 1 14
Ecstacy (MDMA) 1 1
Heroin 2 14 2 1 9 5 1 3 37
LSD 1 1
Methadone 1 2 2 3 1 3 1 13
Methamphetamine 1 1
NPS 1 1
Other 2 1 1 22 3 29
Other opiates 1 1 1 3
Prescribed
medication 1 1 2
Substance Free 1 3 6 4 1 15
Total 60 77 39 52 141 56 6 42 473

General service Client Feedback

Clients gave glowing feedback for the support provided, 87% of General Exit Questionnaire respondents rating the service as ‘excellent’, 13% as ‘good’. Clients expressed a profound sense of gratitude for the support they had received, which numerous people called “amazing”.

Clients found the staff team to be understanding and caring, “approachable, patient and informative.” Clients reported feeling able to talk about their issues openly and honestly, feeling sincerely listened to and understood without judgement. Numerous clients described Hetty’s as a family. Clients felt supported in relation to every area of their lives. Clients noted a consistency and reliability of care, confident that there would always be someone at the end of the phone if they ever needed to talk. This, in and of itself, was hugely reassuring and empowering for many.

Clients stressed the transformative value of feeling genuinely supported, receiving validation and affirmation from support workers. At the same time they noted the benefit of being helped to see things from a different perspective empowering them to look at their circumstances, and even their own behaviour, in a different way. In terms of specific topics, clients particularly noted the benefit of discussions around enabling behaviours and boundary setting, plus alternative approaches to conflict and effective communication in difficult situations.

Page 7

HETTY'S (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

Some clients noted the importance of the helpline, particularly those who had no one else to talk to, and stressed the natural complement between one-to-one and group support. They were also grateful for help to access broader support services in both statutory and voluntary sectors.

Feedback from Kinship Carers was even more positive, 95% rating the service as ‘excellent’, 5% as ‘good’. Kinship carers stressed the importance of a guiding hand when stepping out into the unknown whilst caring for kinship care child. The consistency and reliability of the service was particularly noted. They were especially grateful to have someone ready and willing to support them whenever needed. Kinship carers also noted the importance of having someone to share their positive experiences and everyday successes with. Comments indicated that the peer support groups played a particular role in this regard, kinship carers stressing the natural complementarity between one-to-one and peer group support.

In addition to the broader emotional support, this group expressed particular gratitude for the practical help to deal with paperwork, benefits and housing issues. Many kinship carers reported difficult experiences trying to get help from other, particularly statutory sector, services in the past. Accordingly, they were particularly grateful for Hetty’s support to engage with broader support services. They noted how advocacy support from the Kinship Care Workers helped them to have a voice and have their point of view recognised and heard by other professionals.

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.

Page 8

HETTY'S (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

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 10 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 was 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.

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.

At the AGM all trustees resigned from post and were individually nominated and seconded for a new term. No new nominations were received.

The positions were agreed as follows:

Nina Dauban Chair of the Board Val Gardiner Vice Chair David Marriott Treasure Carol Jackson Trustee Susan Tait Trustee

Page 9

HETTY'S (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Structure, governance and management (continued)

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. Principal risks and uncertainties and 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.

Plans for future periods

Page 10

HETTY'S (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Plans for future periods (continued)

Approved by order of the members of the board of trustees on 29 November 2023 and signed on their behalf by:

T Dauban

(Chair of Trustees)

Page 11

HETTY'S (a company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023

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 2023.

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: 4 December 2023

Jonathan Wilson ICAEW

Page 12

HETTY'S (a company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023

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 income
Transfers between funds
15
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2023
£
97,669
73,230
14,291
185,190
1,289
118,265
119,554
65,636
4,079
69,715
331,161
69,715
400,876		 Restricted
funds
2023
£
489,851
-
-
489,851
-
321,298
321,298
168,553
(4,079)
164,474
63,136
164,474
227,610		 Total
funds
2023
£
587,520
73,230
14,291
675,041
1,289
439,563
440,852
234,189
-
234,189
394,297
234,189
628,486		 Total
funds
2022
£
317,615
47,957
10,250
375,822
2,650
317,123
319,773
56,049
-
56,049
338,248
56,049
394,297

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

The notes on pages 16 to 32 form part of these financial statements.

Page 13

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

BALANCE SHEET AS AT 31 MARCH 2023

Note
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one
year
13
Net current assets
Total net assets
Charity funds
Restricted funds
15
Unrestricted funds
15
Total funds		 80,812
335,370
416,182
(95,296)		 2023
£
307,600
320,886
628,486
227,610
400,876
628,486		 71,095
340,355
411,450
(84,986)		 2022
£
67,833
326,464
394,297
63,136
331,161
394,297

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 29 November 2023 and signed on their behalf by:

D W Marriott

(Treasurer)

The notes on pages 16 to 32 form part of these financial statements.

Page 14

HETTY'S (a company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
Net cash (used in)/provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 16 to 32 form part of these financial statements		 2023
£
305,366
14,291
(324,642)
(310,351)
(4,985)
340,355
335,370		 2022
£
40,960
10,250
-
10,250
51,210
289,145
340,355

Page 15

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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 war in Ukraine and the cost of living crisis. 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 16

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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 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.

1.6 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 20, 25 or 50 years
Fixtures and fittings - 1/3 straight line basis

1.7 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.

1.8 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 17

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. Accounting policies (continued)

1.9 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.

1.10 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.

1.11 Operating leases

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

1.12 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.

1.13 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 18

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. Accounting policies (continued)

1.14 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

Donations
Donations
Gift Aid
Donation from Humane Touch CIC
Donation from Hetty's Trading
Grants
Total 2022		 Unrestricted
funds
2023
£
67,135
-
14,646
15,888
-
97,669
32,686		 Restricted
funds
2023
£
-
-
-
-
489,851
489,851
284,929		 Total
funds
2023
£
67,135
-
14,646
15,888
489,851
587,520
317,615		 Total
funds
2022
£
30,883
6,238
10,000
-
270,494
317,615

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

Forgotten Families - £90,320 (2022 - £96,077)

Page 19

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

4. Income from other trading activities

Income from fundraising events

Fundraising
Sales of donated goods
Total 2022		 Unrestricted
funds
2023
£
28,807
44,423
73,230
47,957		 Total
funds
2023
£
28,807
44,423
73,230
47,957		 Total
funds
2022
£
12,335
35,622
47,957

5. Investment income

Rental income
Bank interest receivable
Total 2022		 Unrestricted
funds
2023
£
11,801
2,490
14,291
10,250		 Total
funds
2023
£
11,801
2,490
14,291
10,250		 Total
funds
2022
£
8,782
1,468
10,250

Page 20

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

6. Expenditure on raising funds

Costs of raising voluntary income

Fundraising expenses
Total 2022		 Unrestricted
funds
2023
£
1,289
2,650		 Total
funds
2023
£
1,289
2,650		 Total
funds
2022
£
2,650

Page 21

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

7. Analysis of charitable activities

General fund
Total 2022
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
Impairment loss on freehold property		 Activities
undertaken
directly
2023
£
439,563
317,123		 Total
funds
2023
£
439,563
317,123
Total
funds
2023
£
271,311
4,875
1,989
8,504
11,209
30,413
2,266
2,831
9,974
451
2,280
10,460
3,000
80,000
439,563		 Total
funds
2022
£
317,123
Total
funds
2022
£
262,206
2,429
2,538
9,970
10,385
7,997
1,857
5,166
8,022
388
1,710
3,105
1,350
-
317,123

Page 22

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

8. Independent examiner's remuneration

2023 2022
£ £
Fees payable to the company's independent examiner for the independent
examination of the company's annual accounts 2,100 1,350
Fees payable to the company's independent examiner in respect of:
All taxation advisory services not included above 900 -

9. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2023
£
243,409
19,861
8,041
271,311		 2022
£
235,623
18,255
8,328
262,206

The average number of persons employed by the company during the year was as follows:

2023 2022
No. No.
Charitable activities 12 12

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

Remuneration and benefits received by key management personnel amounted to £88,863 (2022 - £82,797).

10. Trustees' remuneration and expenses

During the year, no trustees received any remuneration or other benefits (2022 - £NIL).

During the year ended 31 March 2023, no trustee expenses have been incurred (2022 - £NIL).

Page 23

HETTY'S

(a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

11. Tangible fixed assets

Cost or valuation
At 1 April 2022
Additions
Disposals
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
On disposals
Impairment charge
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022		 Freehold
property
£
86,444
324,642
-
411,086
18,611
4,875
-
80,000
103,486
307,600
67,833		 Fixtures and
fittings
£
9,205
-
(9,205)
-
9,205
-
(9,205)
-
-
-
-		 Total
£
95,649
324,642
(9,205)
411,086
27,816
4,875
(9,205)
80,000
103,486
307,600
67,833

Burnaby House was purchased for £310,000 plus additional costs. A professional valuation of the property was carried out and this showed that the market value was £230,000, hence the trustees took the decision to reflect the £80,000 reduction in value as an impairment review.

Page 24

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

12. Debtors

Trade debtors
Amounts owed by participating interests
Prepayments and accrued income		 2023
£
37,875
38,348
4,589
80,812		 2022
£
31,968
36,443
2,684
71,095

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

13. Creditors: amounts falling due within one year

Trade creditors
Amounts owed to other participating interests
Other creditors
Accruals and deferred income		 2023
£
7,557
33,146
1,621
52,972
95,296		 2022
£
585
25,552
1,970
56,879
84,986

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.

Deferred income at 1 April 2022
Resources deferred during the year
Amounts released from previous periods		 2023
£
53,561
52,972
(53,561)
52,972		 2022
£
30,921
53,561
(30,921
53,561

Page 25

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

14. Financial instruments

Financial assets
Financial assets measured at fair value through income and expenditure
Financial liabilities
Other financial liabilities measured at fair value through income and
expenditure		 2023
£
411,593
2023
£
40,703		 2022
£
408,766
2022
£
29,456

Financial assets measured at fair value through income and expenditure comprise bank and cash balances, concessionary loans and trade debtors.

Other financial liabilities measured at fair value through income and expenditure comprise trade creditors, concessionary loans and accruals.

Page 26

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

15. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Storage unit Warsop shop
Fund
Business development
Consultancy
Building Purchase
General funds
General Fund
Total Unrestricted funds
Restricted funds
Revenue fund
Building Purchase Fund
Warsop Shop Premises Fund
Total of funds		 Balance at 1
April 2022
£
-
-
3,000
100,000
103,000
228,161
331,161
-
59,057
4,079
63,136
394,297		 Income
£
-
-
-
-
-
185,190
185,190
233,851
256,000
-
489,851
675,041		 Expenditure
£
-
-
-
-
-
(119,554)
(119,554)
(233,851)
(87,447)
-
(321,298)
(440,852)		 Transfers
in/out
£
2,500
20,000
(3,000)
(100,000)
(80,500)
84,579
4,079
-
-
(4,079)
(4,079)
-		 Balance at
31 March
2023
£
2,500
20,000
-
-
22,500
378,376
400,876
-
227,610
-
227,610
628,486

Page 27

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

15. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Development of Stable Block
Fund
Warsop Shop Premises Fund
Storage unit Warsop shop
Fund
Business development
Consultancy Fund
Building Purchase Fund
General funds
General Fund
Total Unrestricted funds
Restricted funds
Revenue fund
Building Purchase Fund
Warsop Shop Premises Fund
Total of funds		 Balance at
1 April 2021
£
40,000
10,000
20,000
10,000
10,000
-
90,000
248,248
338,248
-
-
-
-
338,248		 Income
£
-
-
-
-
-
-
-
90,893
90,893
220,872
59,057
5,000
284,929
375,822		 Expenditure
£
-
-
(391)
(532)
(4,103)
-
(5,026)
(92,954)
(97,980)
(220,872)
-
(921)
(221,793)
(319,773)		 Transfers
in/out
£
(40,000)
(10,000)
(19,609)
(9,468)
(2,897)
100,000
18,026
(18,026)
-
-
-
-
-
-		 Balance at
31 March
2022
£
-
-
-
-
3,000
100,000
103,000
228,161
331,161
-
59,057
4,079
63,136
394,297

Page 28

HETTY'S

(a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

16. 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 £79,990 (2022 - £67,833) 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 or restricted income that was received for the purchase of Burnaby House.

Page 29

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

17. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2023
£
Tangible fixed assets
79,990
Current assets
412,103
Creditors due within one year
(95,296)
Difference
4,079
400,876		 Restricted
funds
2023
£
227,610
4,079
-
(4,079)
227,610		 Total
funds
2023
£
307,600
416,182
(95,296)
-
628,486

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year		 Unrestricted
funds
2022
£
67,833
348,314
(84,986)
331,161		 Restricted
funds
2022
£
-
63,136
-
63,136		 Total
funds
2022
£
67,833
411,450
(84,986)
394,297

Page 30

HETTY'S (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

18. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Dividends, interests and rents from investments
Impairment loss on freehold property
Increase in debtors
Increase in creditors
Net cash provided by operating activities
19.
Analysis of cash and cash equivalents
Cash in hand
Notice deposits (less than 3 months)
Total cash and cash equivalents
20.
Analysis of changes in net debt		 2023
£
234,189
4,875
(14,291)
80,000
(9,717)
10,310
305,366
2023
£
121,664
213,706
335,370		 2022
£
56,049
2,429
(10,250)
-
(7,978)
710
40,960
2022
£
129,140
211,215
340,355
Cash at bank and in hand At 1 April
2022
£
340,355
340,355		 Cash flows
£
(4,985)
(4,985)		 At 31 March
2023
£
335,370
335,370

21. 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 £8,041 (2022 - £8,328). Contributions totalling £1,621 (2022 - £1,970) were payable to the fund at the balance sheet date and are

Page 31

HETTY'S

(a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

21. Pension commitments (continued)

included in creditors.

22. Operating lease commitments

At 31 March 2023 the company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

2023 2022
£ £
Not later than 1 year - 9,000

23. Related party transactions

There are no further related party transactions to disclose.

24. 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 32