2022-06-30-accounts

				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

Reference	Reference	and administrative d	and administrative d	etails	etails
Registered		charity name		iheart Principles		Limited
Charity Commission			for
England	and Wales registration
number				1173025
Scottish	Charity registration
number				SC050190
Company		registration	number	10415309
Principal	office			66 Brent Street
				Hendon
				London
				NW4 2ES
Registered		office		Vaughan	Chambers
				Vaughan	Road
				Harpenden
				AL5 4EE
The trustees				D LArenson			Resigned		5July 2022
				JC Bull
				I C Gamer-Petal
				ASKessel
Auditor				Hicks and	Company
				Chartered	Accountants		and Statutory	Auditor
				Vaughan	Chambers
				Vaughan	Road
				Harpenden
				Al 54EE
Bank				Metro Bank

(including income a Year ended 30June	nd expendi 2022	ture	account)
						Year to
			Year	to 39Jun	22	30Jun 21
			Unrestricted	Restricted
			funds	funds	Total funds	Total funds
		Note	6	6	6	8
Income and endowments
Donations and legacies		5	501,568	67,068	568,636	523,774
Charitable activities		6	415,776		415,776	586,555
Other income		7	8,097		8,097	2,785
Total income			925,441	67,068	992,509	1,113,114
Expenditure
Expenditure on raising funds		8	50,964		50,964	74,217
Expenditure on charitable	activities	9, 10	975,367	67,068	1,042,435	1,014,115
Total expenditure			1,026,331	67,068	1,093,399	1,088,332
Net (expenditures)/income	and net
movement in funds			(100,890)	-	(100,890)	24,782
Reconciliation offunds
Total funds brought forward			253,055		253,055	228,273
Total funds carried forward			152,165		152,165	253,055

					2022	2021
				Note	6	5
Fixed assets
Tangible fixed assets				16	6,041	1,292
					6,041	1,292
Current assets
Debtors				17	60,026	46,699
Cash at bank	and in	hand			277,465	237,905
					337,491	284,604
Creditors: amounts		falling	due within one year	18	191,367	32,841
Net current	assets				146,124	251,763
Total assets	less current		liabilities		152,165	253,055
Net assets					152,165	253,055
Funds ofthe charity
Unrestricted	funds				152,165	253,055
Total charity	funds			21	152,165	253,055

Year ended 30June 2	022
				Note	2022 f	2021 f
Cash flows from operating	activities
Net (expenditure)iincome					(100,890)	24,782
Adjustments for.
Depreciation oftangible fixed assets					1,453	2,827
Amortisation of intangible assets						343
Loss on disposal oftangible	fixed	assets				593
Accrued expenses					(560)	2,825
Changesin:
Stocks						1,678
Trade and other debtors					(13,327)	51,720
Trade and other creditors					159,086	(87,129)
Cash generated from/(expended		on) operations			45,762	(2,361)
Net cash from operating activities					45,762	(2,361)
Cash flows from investing	activities
Purchase oftangible assets					(6,202)	(1,754)
Net cash used in investing activities					(6,202)	(1,754)
Net increase/(decrease) in	cash and cash		equivalents		39,560	(4,115)
Cash and cash equivalents	at beginning		ofyear		237,905	242,020
Cash and cash equivalents	at end ofyear			22	277,465	237,905

Plant and	machinery	25% straight	line
Computer	equipment	25%to 50%	straight	line

Donations	and legacies (continuer)
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
		f	f	f
Donations
Donations	and gifts	279,355		279,355
Grants
Grants receivable		39,820	204,599	244,419
		319,175	204,599	523,774

6.	Charitable	Charitable	activities
						Unrestricted		Total Funds	Unrestricted	Total Funds
							Funds f	2022 f	Funds f	2021 f
	iheart						415,776	415,776	586,555	586,555
7.	Other income
						Unrestricted		Total Funds	Unrestricted	Total Funds
							Funds	2022	Funds	2021
							f	f	f	f
	Royalties						285	285 .
	Stock sales						42	42
	Rental income						7,770	7,770
	Furlough	grant income							2,785	2,785
							8,097	8,097	2,785	2,785
8.	Costs of	raising donations			and legacies
						Unrestricted		Total Funds	Unrestricted	Total Funds
							Funds f	2022	Funds f	2021 f
	Fundraising		campaign	costs			50,964	50,964	74,217	74,217
9.	Expenditure		on charitable		activities	by	fund type

Expendi	ture on charitable activit	ies by fund type
		Unrestricted	Restricted	Total Funds
		Funds	Funds f	2022 f
iheart		241,179	67,068	308,247
Support	costs	734,188		734,188
		975,367	67,068	1,042,435

Expenditure on charitable activit	ies by fund type (cessnv~
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2021
		6	6
iheart	643,524	204,599	848,123
Supportcosts	165,992		165,992
	809,516	204,599	1,014,115

				Activities
				undertaken		Total funds	Total fund
				directly f	Support costs f	2022 f	2021 f
	iheart			308,247	729,388	1,037,635	1,009,675
	Governance	costs			4,800	4,800	4,440
				308,247	734,188	1,042,435	1,014,115
11.	Analysis of	support costs
					Support costs	Total 2022	Total 2021
					F	8	F
	Staff costs				456,066	456,066	88,499
	Contractors	and consultants			131,984	131,984
	Office support costs				128,620	128,620	58,725
	Governance	costs			4,800	4,800	4,440
	Accountancy	support costs			4,447	4,447	13,249
	Bank fees and charges				8,271	8,271	1,079
					734,188	734,188	165,992
12.	Net income
	Net income	is stated after charging/(crediting):
						2022 f	2021 f
	Amortisation	of intangible assets					343
	Depreciation	oftangible fixed assets				1,453	2,827
	Loss on disposal oftangible		fixed assets				593
13.	Auditors remuneration
						Yearto	Year to
						2022 f	2021 5
	Fees payable for the audit ofthe financial			statements		4,800	4,440

			2022	2021
			E
Wages and salaries			471,444	285,753
Social security costs			50,966	24,155
Employer contributions	to pension	plans	7,826	20,144
Other staff costs			5,031
			535,267	330,052

The aggregate ofdonations from relate Tangible fixed assets	d parties to the charity totalled	E25,000(2021:	E3,500).
	Plant and	Computer
	machinery	equipment	Total
	F	E	E
Cost
At1 July2021	5,770	1,754	7,524
Additions	389	5,813	6,202
At 30June 2022	6,159	7,567	13,726
Depreciation
At 1 July 2021	5,598	634	6,232
Charge for the year	187	1,266	1,453
At 30June 2022	5,785	1,900	7,685
Carrying amount
At 30June 2022	374	5,667	6,041
At 30June 2021	172	1,120	1,292

Debtors
		2022 f	2021 f
Trade debtors		56,448	44954
Prepayments	and accrued income	1,597	756
Other debtors		1,981	989
		60,026	46,699

				2022	2021
					5
	Trade creditors			1,125	2,870
	Accruals and deferred		income	169,962	16,985
	Social security and other taxes			18,659	11,853
	Wages and salaries control
	Other creditors			1,621	1,133
				191,367	32,841
19.	Deferred income
				2022	2021
				8	8
	Amount deferred	in year		161,037	7,500

21.	Analysis ofc	haritabl	e funds
	Unrestricted	funds
				At			At
				1 July 2021 8	Income	Expenditure f	30June 2022 f
	General funds			253,055	925,441	(1,026,331)	152,165
				At			At
				1 July 2020	Income	Expenditure	30June 2021
					6	6
	General funds			228,273	908,515	(883,733)	253,055
	Restricted funds
				At			At
				1 July 2021 6	Income 6	Expendituref	30June 2022
	Grants received				67,068	(67,068)
				At			At
				1 July 2020 6	Income F	Expendituref	30June 2021 6
	Grants received				204,599	(204,599)
22.	Analysis ofchanges		in net cash
				At 1	July 2021	Cash flows At	30June 2022
					6	6	6
	Cash at bank	and in	hand		237,905	39,560	277,465

former Trustees. transactions with	During the yea related parties:	r ended	30 June 2021	, the charity	entered into	the following
			Practitioner		Pension	Year ended
			fees	Salary	contributions	30June 21
			6	8		6
Jeremy Bogush,	Chief Operating	Officer	34,900	44,337	897	80,134
Terry Rubenstein,	Founder		30,650	31,374	7,975	69,999
Brian Rubenstein,	Chief Executive	Officer	32,050	49,189	8,397	89,636
			97,600	124,900	17,269	239,769