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2021-11-30-accounts

Charity registration number: 1173415

HEARTSMART FOUNDATION

Annual Report and Financial Statements

for the Year Ended 30 November 2021

Contents

Contents
Reference and Administrative Details 1
Trustees' Report 2 to 3
Statement of Trustees' Responsibilities 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 11

Reference and Administrative Details

Trustees

Dave Hill Sarah Elizabeth Smith David Crawford Ian Philip Henderson James William Roberts

Principal Office

90 Homestead Crescent Manchester M19 1GL

Charity Registration Number

1173415

Independent Examiner

Kolade Andrew Alli ACMA KARE Financial Management Consultants Ltd 10 Gatcombe Gardens West End, Hampshire SO18 3NA

Page 1

Trustees' Report

The trustees present the annual report together with the financial statements of the charity for the year ended 30 November 2021.

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Objectives and activities

Plans for the year ahead

Page 2

Trustees' Report

The annual report was approved by the trustees of the charity on 2nd March 2022 and signed on its behalf by:

......................................... Dave Hill Trustee

Page 3

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees of the charity on 2nd March 2022 and signed on its behalf by:

......................................... Dave Hill Trustee

Page 4

Independent Examiner's Report to the trustees of HEARTSMART FOUNDATION

I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 November 2021 which are set out on pages 6 to 11.

Respective responsibilities of trustees and examiner

As the charity’s trustees of HEARTSMART FOUNDATION you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the HEARTSMART FOUNDATION's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of HEARTSMART FOUNDATION as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

...................................... Kolade Andrew Alli ACMA

KARE Financial Management Consultants Ltd 10 Gatcombe Gardens West End, Hampshire SO18 3NA

Page 5

Statement of Financial Activities for the Year Ended 30 November 2021

Statement of Financial Activities for the Year Ended 30 November
2021		 Statement of Financial Activities for the Year Ended 30 November
2021
Unrestricted
funds
Total
2021
Total
2020
Note
£
£
£
Income and Endowments from:
Charitable activities 1,371
1,371
17,109
Expenditure on:
Charitable activities (12,818)
(12,818)
(5,652)
Total expenditure
(12,818)
(12,818)
(5,652)
Net(expenditure)/income
(11,447)
(11,447)
11,457
Net movement in funds
(11,447)
(11,447)
11,457
Reconciliation of funds
Total funds brought forward
11,617
11,617
160
Total funds carried forward
8
170
170
11,617

All of the charity's activities derive from continuing operations during the above two periods.

The funds breakdown for 2020 is shown in note 8.

Page 6

(Registration number: 1173415) Balance Sheet as at 30 November 2021

(Registration number: 1173415)
Balance Sheet as at 30 November 2021		 (Registration number: 1173415)
Balance Sheet as at 30 November 2021
2021
2020
Note
£
£
Current assets
Cash at bank and in hand
6		 670
12,117
Creditors: Amounts falling due within oneyear
7
(500)
(500)
Netassets
170
11,617
Funds of the charity:
Unrestricted income funds
Unrestricted funds 170
11,617
Total funds
8
170
11,617

The financial statements on pages 6 to 11 were approved by the trustees, and authorised for issue on 2nd March 2022 and signed on their behalf by:

......................................... Dave Hill Trustee

Page 7

Notes to the Financial Statements for the Year Ended 30 November 2021

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

HEARTSMART FOUNDATION meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Page 8

Notes to the Financial Statements for the Year Ended 30 November 2021

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity.

Page 9

Notes to the Financial Statements for the Year Ended 30 November 2021

2 Income from charitable activities

2
Income from charitable activities
Unrestricted
funds Total Total
General 2021 2020
£ £ £
Grants & one off donations 1,371 1,371 17,084
Regular Givers - - 25
1,371 1,371 17,109
3
Expenditure on charitable activities
Unrestricted
funds Total Total
General 2021 2020
£ £ £
Equipment repairs - - 69
Wages and salaries - - 1,200
Family Development - - 165
Meetings and other Miscellaneous
Expenses 1,833 1,833 -
Boris Book 295 295 407
Website development incl social media and
internet 7,419 7,419 3,311
Resource Development incl Project Costs 675 675 -
Computer software and maintenance costs 199 199 -
Printing, postage and stationery 1,897 1,897 -
Independent examiner's fee 500 500 500
12,818 12,818 5,652

4 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

Page 10

Notes to the Financial Statements for the Year Ended 30 November 2021

5 Taxation

The charity is a registered charity and is therefore exempt from taxation.

5
Taxation
The charity is a registered charity and is therefore exempt from taxation.		 5
Taxation
The charity is a registered charity and is therefore exempt from taxation.
6
Cash and cash equivalents
2021
2020
£
£
Cash at bank
670
12,117
7
Creditors: amounts falling due within one year
2021
2020
£
£
Accruals 500
500
8
Funds
Balance at 1
Balance at 30
December
Incoming
Resources
November
2020
resources
expended
2021
£
£

£
£
Unrestricted funds
General
11,617
1,371
(12,818)
170
Balance at 1
Balance at 30
December
Incoming
Resources
November
2019
resources
expended
2020
£
£

£
£
Unrestricted funds
General
160
17,109
(5,652)
11,617

Page 11