2023-06-30-accounts

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

Registered	Registered	charity name	charity name	iheart Principles	iheart Principles	I imited
Charity Commission			for
England	and Wales registration
number				1173025
Company	registration		number	10415309
Principal	office			Suite 2
				3Sunny Place
				London
				NW4 1RS
Registered		office		Vaughan	Chambers
				Vaughan	Road
				Harpenden
				AL5 4EE
The trustees				D LArenson			Resigned	5 July 2022
				JC Bull
				I C Garner-Patel
				ASKessel
Independent		examiner		Hicks and	Company
				Chartered	Accountants
				Vaughan	Chambers
				Vaughan	Road
				Harpenden
				ALS 4EE
Bank				Metro Bank

Year ended 30J	une	2023
							Year to
				Year	to 30Jun	23	30Jun 22
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
			Note	6		F	6
Income and endowments
Donations and legacies			5	591,716	104,526	696,242	568,636
Charitable activities			6	278,110	-	278,110	415,776
Other income			7	1,235		1,235	8,097
Investment income				288		288.
Total income				871,349	104,526	975,875	992,509
Expenditure
Expenditure on raising funds			8	12,982		12,982	50,964
Expenditure on charitable		activities	9,10	826,807	104,526	931,333	1,042,435
Total expenditure				839,789	104,526	944,315	1,093,399
Net income/(expenditures)		and net
movement in funds				31,560		31,560	(100,890)
Reconciliation offunds
Total funds brought	forward			152,165		152,165	253,055
Total funds carried	forward			183,725	-	183,725	152,165

30June 2	023
				2023	2022
			Note
Fixed assets
Tangible fixed assets			16	6,802	6,041
				6,802	6,041
Current assets
Debtors			17	98,788	60,026
Cash at bank	and in	hand		142,260	277,465
				241,048	337,491
Creditors: amounts		falling due within one year	18	64,125	191,367
Net current	assets			176,923	146,124
Total assets	less current liabilities			183,725	152,165
Net assets				183,725	152,165
Funds ofthe charity
Unrestricted	funds			183,725	152,165
Total charity	funds		21	183,725	152,165

Year ended 30June 20	23
					2023	2022
				Note		F
Cash flows from operating	activities
Net income/(expenditure)					31,560	(100,890)
Adjustments for:
Depreciation oftangible fixed	assets				2,059	1,453
Accrued expenses					2,356	(560)
Changesin:
Trade and other debtors					(38,762)	(13,327)
Trade and other creditors					(129,598)	159,086
Cash generated from/(expended		on) operations			(132,385)	45,762
Net cash (used)/generated from		operating	activities		(132,385)	45,762
Cash flows from investing	activities
Purchase oftangible assets					(2,820)	(6,202)
Net cash used in investing activities					(2,820)	(6,202)
Net (decrease)/increase in	cash and cash equivalents				(135,205)	39,560
Cash and cash equivalents	at	beginning	ofyear		277,465	237,905
Cash and cash equivalents	at	end ofyear		22	142,260	277,465

Donations	and legacies
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2023
		E		6
Donations
Donations	and gifts	309,324		309,324
Grants
Grants receivable		282,392	104,526	386,918
		591,716	104,526	696,242
		Unrestricted	Restricted	Total Funds
		Funds f	Funds E	2022 6
Donations
Donations	and gifts	455,798		455,798
Grants
Grants receivable		45,770	67,068	112,838
		501,568	67,068	568,636

6.	Charitable a	ctivities
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023 6	Funds	2022 f
	iheart		278,110	278,110	415,776	415,776
7.	Other income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
				6		6
	Royalties		235	235	285	285
	Stock sales				42	42
	Rental income				7,770	7,770
	Presentation	income	1,000	1,000
			1,235	1,235	8,097	8,097

8.	Costs ofrai	sing donations	and legacies
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
					E
	Fundraising	campaign costs	12,982	12,982	50,964	50,964
9.	Expenditure	on charitable	activities by fund type
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2023
					E	E
	iheart			2,296	104,526	106,822
	Support costs			824,511		824,511
				826,807	104,526	931,333
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2022
				E	E	E
	ihcart			241,179	67,068	308,247
	Support costs			734,188		734,188
				975,367	67,068	1,042,435

Expenditu	re	on charitable activi	ties by activity typ	e
			Activities
			undertaken		Total funds	Total fund
			directly	Support costs	2023	2022
				E	E	E
iheart			113,585	814,388	927,973	1,037,635
Governance		costs		3,360	3,360	4,800
			113,585	817,748	931,333	1,042,435
Analysis	of	support costs
				Support costs	Total 2023	Total 2022
				E	E
Staff costs				532,649	532,649	456,066
Contractors		and consultants		153,051	153,051	131,984
Office support costs				127,401	127,401	128,620
Governance		costs		3,360	3,360	4,800
Accountancy		support costs		2,630	2,630	4,447
Bank fees	and charges			5,420	5,420	8,271
				824,511	824,511	734,188

12.	Net income
	Net income is		stated after	charging/(crediting):
							2023	2022
							K	E
	Depreciation	oftangible fixed assets					2,059	1,453
13.	Independent		examination	fees/auditors'		remuneration
							Year to	Yearto
							2023	2022
							K	F
	Fees payable		to the independent		examiner	for:
	Independent	examination		ofthe	financial statements		3,360
	Audit ofthe financial statements							4,800

			2023	2022
			K	E
Wages and salaries			467,897	471,444
Social security costs			51,505	50,966
Employer contributions	to pension	plans	7,995	7,826
Other staff costs			5,252	5,031
			532,649	535,267

In the year to 30 June 2023, 4 (2022: 3) empl E60,000. The number ofemployees fell into the	oyees received employee benefits in following bands:	excess of
	2023	2022
	number	number
F60,000to E64,999	1
E70,000to E74,999	1
E80,000to E84,999	1
E85,000 to F89,999
F95,000 to E99,999
F100,000to E104,999

Tangible fixed as	set	s
				Plant and	Computer
				machinery	equipment	Total
					6
Cost
At1 July2022				6,159	7,567	13,726
Additions					2,820	2,820
At 30June 2023				6,159	10,387	16,546
Depreciation
At 1 July 2022				5,785	1,900	7,685
Charge for the year				98	1,961	2,059
At 30June 2023				5,883	3,861	9,744
Carrying amount
At 30June 2023				276	6,526	6,802
At 30June 2022				374	5,667	6,041
Debtors
					2023	2022
					F	F
Trade debtors					59,955	56,448
Prepayments and	accrued		income		1,808	1,597
Other debtors					37,025	1,981
					98,788	60,026
Creditors: amounts		falling due within one year
					2023	2022
					6
Trade creditors					896	1,125
Accruals and deferred		income			46,281	169,962
Social security and other			taxes		15,449	18,659
Other creditors					1,499	1,621
					64,125	191,367
Deferred income
					2023	2022
Amount deferred	in y	ear			35,000	161,037

21.	Analysis ofc	haritabl	e funds
	Unrestricted	funds
				At			At
				1 July 2022	Income	Expenditure	30June 2023
				E	E	E	E
	General funds			152,165	871,348	(839,788)	183,725
				At			At
				1 July 2021	Income	Expenditure	30June 2022
				E	E	E	E
	General funds			253,055	925,441	(1,026,331)	152,165
	Restricted funds
				At			At
				1 July 2022	Income	Expenditure	30June 2023
				E		E	E
	Grants received				104,527	(104,527)
				At			At
				1 July 2021	Income	Expenditure	30June 2022
				F	E	E	E
	Grants received				67,068	(67,068)
22.	Analysis ofchanges		in net cash
				At 1	July 2022	Cash flows At	30June 2023
							E
	Cash at bank	and in	hand		277,465	(135,205)	142,260