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|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|
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|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|||||
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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||||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|||
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|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|
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|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|
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