2021-06-30-accounts - Iheart Principles Limited

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						Page
Trustees' annual report (incorporating			the	director's	report)
Independent auditor's	report to	the members
Statement offinancial	activities	(including		income and
expenditure account)						10
Statement offinancial	position
Statement ofcash flows						12
Notes to the financial	statements					13

Year ended 30 June 2	0	21
						2021	2020
					Note		8
Cash flows from operating	activities
Net income						24,782	188,667
Adjustments For:
Depreciation oftangible fixed		assets				2,827	2,483
Amortisation of intangible assets						343	413
Loss on disposal oftangible	fixed assets					593
Accrued expenses						2,825	1,500
Changesint
Stocks						1,678	(358)
Trade and other debtors						51,720	(21,801)
Trade and other creditors						(87,129)	58,098
Cash (expended on)/generated			from operations			(2,361)	229,002
Net cash from operating activities						(2,361)	229,002
Cash flows from investing	activities
Purchase oftangible assets						(1,754)	(250)
Net cash used in investing activities						(1,754)	(250)
Net (decrease)/increase in	cash and cash			equivalents		(4,115)	228,752
Cash and cash equivalents		at	beginning	ofyear		242,020	13,268
Cash and cash equivalents		at	end ofyear		24	237,905	242,020

ofthe com Donations	pany and guarantee to cont and legacies	ribute f1 in the event ofa windin	g up.
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
		F	r.	0
Donations
Donations	and gifts	279,355		279,355
Grants
Grants receivable		39,820	204,599	244,419
		319,175	204,599	523,774

Costs of rai	sing donations	and lega	cies
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds f	2021 6	Funds 6	2020 f
Fundraising	campaign costs		74,217	74,217	9,765	9,765
Expenditure	on charitable	activities	by fund type
				Unrestricted	Restricted	Total Funds
				Funds	Funds f	2021 F
iheart				643,524	204,599	848,123
Supportcosts				165,992		165,992
				809,516	204,599	1,014,115

Expenditure on charitable activit	ies by fund type fcontlnvedj
	Unrestricted	Restricted	Total Funds
	Funds	Funds f	2020 f
iheart	387,335	203,869	591,204
Supportcosts	137,923		137,923
	525,258	203,869	729,127

				Activities
				undertaken		Total funds	Total fund
				directly f	Support costs f	2021 6	2020 6
	iheart			848,123	161,552	1,009,675	724,807
	Governance	costs			4,440	4,440	4,320
				848,123	165,992	1,014,115	729,127
11.	Analysis of	support costs
					Support costs	Total 2021	Total2020
					6	F	F
	Staff costs				88,499	88,499	61,282
	Governance	costs			4,440	4,440	4,320
	Office support costs				58,725	58,725	45,605
	Accountancy	support costs			13,249	13,249	25,816
	Bank fees and charges				1,079	1,079	900
					165,992	165,992	137,923
12.	Net income
	Net income is stated after charging/(crediting):
						2021	2020
						6	6
	Amortisation	of intangible	assets			243	413
	Depreciation	oftangible	fixed assets			2,827	2,483
	Loss on disposal oftangible fixed assets					593
13.	Auditors remuneration
						Year to	Year to
						30Jun 21 6	30Jun 20 f
	Fees payable for the audit ofthe financial			statements		4,440	4,320

The aggregate of donations from related parties to the Intangible assets	charity totalled 63,500 (2020:f1,264).
	Website
	design
	6
Cost
At 1 July 2020	1,650
Disposals	(1,650)
At 30June 2021
Amortisation
At 1 July 2020	1,307
Charge for the year	343
Disposals	(1,650)
At 30June 2020
Carrying amount
At 30June 2021
At 30June 2020	343

17.	Tangible fixed asset	s
			Plant and	Computer
			machinery	equipment	Total
			E	E	E
	Cost
	At 1 July 2020		7,676	2,436	10,112
	Additions			1,754	1,754
	Disposals		(1,906)	(2,436)	(4,342)
	At 30June 2021		5,770	1,754	7,524
	Depreciation
	At 1 July 2020		5,874	1,280	7,154
	Charge for the year		1,630	1,197	2,827
	Disposals		(1,906)	(1,843)	(3,749)
	At 30June 2021		5,598	634	6,232
	Carrying amount
	At 30June 2021		172	1,120	1,292
	At 30June 2020		1,802	1,156	2,958
18.	Stocks
				2021	2020
				F	F
	Finished goods and goods for resale				1,678
19.	Debtors
				2021	2020
				E	E
	Trade debtors			44,954	93,916
	Prepayments and accrued income			756	3,053
	Other debtors			989	1,450
				46,699	98,419
20.	Creditors: amounts	falling due within one year
				2021	2020
				F
	Trade creditors			2,870	13,039
	Accruals and deferred	income		16,985	97,217
	Social security and other taxes			11,853	5,920
	Wages and salaries control				1
	Other creditors			1,133	968
				32,841	117,145

2021	2020
F	8
7,500	90,557