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|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|
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|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||||||
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|(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|
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||||||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|
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|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|
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|Plant and|machinery|25% straight|line||
|---|---|---|---|---|
|Computer|equipment|25%to 50%|straight|line|
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|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|
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|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|
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||||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|
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|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|
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|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|
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|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|