REGISTERED COMPANY NUMBER: 10910857 (England and Wales) REGISTERED CHARITY NUMBER: 1174503
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 31st August 2024 for
Heart 2 Heart Norfolk (A Company Limited by Guarantee)
TC EA Limited Accountants Englands Lane Business Centre 47 Englands Lane Gorleston Great Yarmouth Norfolk NR31 6BE
Heart 2 Heart Norfolk
Contents of the Financial Statements For The Year Ended 31st August 2024
| Page | ||
|---|---|---|
| Report of the Trustees | 1 | |
| Independent Examiner's Report | 2 | |
| Statement of Financial Activities | 3 | |
| Balance Sheet | 4 | |
| Notes to the Financial Statements | 5 | to 8 |
| Detailed Statement of Financial Activities | 9 |
Heart 2 Heart Norfolk
Report of the Trustees For The Year Ended 31st August 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st August 2024. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES Objectives and aims
The advancement of health and saving of lives.
Public benefit
The Trustees have taken into account Charity Commission guidance regarding Public Benefit when making decisions regarding the charities activities.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
10910857 (England and Wales)
Registered Charity number 1174503
Registered office 8 Sun Lane Bradwell Great Yarmouth NR31 8PY
Trustees
Mrs J Biggs A J Biggs M J Cox Miss Z R Kerswill
Independent Examiner
S Castellano FCA TC EA Limited Accountants Englands Lane Business Centre 47 Englands Lane Gorleston Great Yarmouth Norfolk NR31 6BE
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 27 June 2025 and signed on its behalf by:
Mrs J Biggs - Trustee
Page 1
Independent Examiner's Report to the Trustees of Heart 2 Heart Norfolk
Independent examiner's report to the trustees of Heart 2 Heart Norfolk ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st August 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
S Castellano FCA
TC EA Limited Accountants Englands Lane Business Centre 47 Englands Lane Gorleston Great Yarmouth Norfolk NR31 6BE
Date: 27 June 2025
Page 2
Heart 2 Heart Norfolk
Statement of Financial Activities (Incorporating an Income and Expenditure Account) For The Year Ended 31st August 2024
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 17,915 4,677 Charitable activities Improving health and saving lives 97,280 - Other trading activities 3 11,635 - Total 126,830 4,677 EXPENDITURE ON Raising funds 4 744 - Charitable activities 5 Improving health and saving lives 100,961 230 Total 101,705 230 NET INCOME/(EXPENDITURE) 25,125 4,447 RECONCILIATION OF FUNDS Total funds brought forward 20,232 - TOTAL FUNDS CARRIED FORWARD 45,357 4,447 |
2024 2023 Total Total funds funds £ £ 22,592 12,001 97,280 74,072 11,635 7,032 131,507 93,105 744 1,885 101,191 114,543 101,935 116,428 29,572 (23,323) 20,232 43,555 49,804 20,232 |
|---|---|
The notes form part of these financial statements
Page 3
Heart 2 Heart Norfolk
Balance Sheet 31st August 2024
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 8 | 33,300 | 2,950 | 36,250 | - | |
| CURRENT ASSETS | ||||||
| Cash at bank | 12,831 | 1,497 | 14,328 | 21,582 | ||
| CREDITORS | ||||||
| Amounts falling due within one year | 9 | (774) | - | (774) | (1,350) | |
| NET CURRENT ASSETS | **12,057 ** | **1,497 ** | **13,554 ** | 20,232 | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 45,357 | 4,447 | 49,804 | 20,232 | ||
| NET ASSETS | 45,357 | 4,447 | 49,804 | 20,232 | ||
| FUNDS | 10 | |||||
| Unrestricted funds | 45,357 | 20,232 | ||||
| Restricted funds | 4,447 | - | ||||
| TOTAL FUNDS | **49,804 ** | 20,232 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 27 June 2025 and were signed on its behalf by:
J Biggs - Trustee
The notes form part of these financial statements
Page 4
Heart 2 Heart Norfolk
Notes to the Financial Statements For The Year Ended 31st August 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
Recognition of income
These are included in the Statement of Financial Activities (SoFA) when:
-
the charity becomes entitled to the resources;
-
it is more likely than not that the trustees will receive the resources; and
-
the monetary value can be measured with sufficient reliability.
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Donations
Donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Charitable activities
This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions.
Fundraising events
Income from fundraising events is recognised upon receipt of the funds by the charity.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. The figures are inclusive of VAT.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
Page 5
Heart 2 Heart Norfolk
Notes to the Financial Statements - continued For The Year Ended 31st August 2024
| 2. DONATIONS AND LEGACIES Donations 3. OTHER TRADING ACTIVITIES Fundraising events 4. RAISING FUNDS Other trading activities Other operating leases Insurance Repairs and renewals 5. CHARITABLE ACTIVITIES COSTS Improving health and saving lives 6. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Other operating leases |
2024 2023 £ £ 22,592 12,001 2024 2023 £ £ 11,635 7,032 2024 2023 £ £ 468 912 125 385 151 588 744 1,885 Direct Support Costs costs Totals £ £ £ 100,169 1,022 101,191 2024 2023 £ £ 3,750 - 468 912 |
2024 2023 £ £ 22,592 12,001 2024 2023 £ £ 11,635 7,032 2024 2023 £ £ 468 912 125 385 151 588 744 1,885 Direct Support Costs costs Totals £ £ £ 100,169 1,022 101,191 2024 2023 £ £ 3,750 - 468 912 |
|---|---|---|
| 2023 £ - 912 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st August 2024 nor for the year ended 31st August 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st August 2024 nor for the year ended 31st August 2023.
continued...
Page 6
Heart 2 Heart Norfolk
Notes to the Financial Statements - continued For The Year Ended 31st August 2024
8. TANGIBLE FIXED ASSETS
| 8. | TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|---|
| Plant and | |||||
| machinery | |||||
| £ | |||||
| COST | |||||
| Additions | 40,000 | ||||
| DEPRECIATION | |||||
| Charge for year | 3,750 | ||||
| NET BOOK VALUE | |||||
| At 31st August 2024 | 36,250 | ||||
| At 31st August 2023 | - | ||||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Accruals and deferred income | 774 | 1,350 | |||
| 10. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1/9/23 | in funds | 31/8/24 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 20,232 | 25,125 | 45,357 | ||
| Restricted funds | |||||
| Brian Ecclestone Memorial fund | - | 4,447 | 4,447 | ||
| TOTAL FUNDS | **20,232 ** | 29,572 | **49,804 ** | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 126,830 | (101,705) | 25,125 | ||
| Restricted funds | |||||
| Brian Ecclestone Memorial fund | 4,677 | (230) | 4,447 | ||
| TOTAL FUNDS | 131,507 | (101,935) | 29,572 |
continued...
Page 7
Heart 2 Heart Norfolk
Notes to the Financial Statements - continued For The Year Ended 31st August 2024
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/9/22 | in funds | 31/8/23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 43,555 | (23,323) | 20,232 |
| TOTAL FUNDS | 43,555 | (23,323) | 20,232 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 93,105 | (116,428) | (23,323) |
| TOTAL FUNDS | 93,105 | (116,428) | (23,323) |
Restricted Funds
Brian Ecclestone Memorial Fund - This fund was established in the year following a donation to provide 2 defibrillators and Bleed kits, and for future maintenance of them.
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st August 2024.
Page 8
Heart 2 Heart Norfolk
Detailed Statement of Financial Activities For The Year Ended 31st August 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 22,592 | 12,001 |
| Other trading activities | ||
| Fundraising events | 11,635 | 7,032 |
| Charitable activities | ||
| Defibrillator sales | 97,280 | 72,062 |
| Grants | - | 2,010 |
| 97,280 | 74,072 | |
| Total incoming resources | 131,507 | 93,105 |
| EXPENDITURE | ||
| Other trading activities | ||
| Other operating leases | 468 | 912 |
| Insurance | 125 | 385 |
| Repairs and renewals | 151 | 588 |
| 744 | 1,885 | |
| Charitable activities | ||
| Postage and stationery | 357 | 324 |
| Advertising | 3,239 | 879 |
| Travel and subsistence | 569 | 957 |
| Defibrillator, pads, etc. purchases | 90,271 | 108,371 |
| Motor expenses | 1,876 | 2,126 |
| Training | - | 30 |
| Donations | - | 1,000 |
| Miscellaneous expenses | 107 | - |
| Plant and machinery | 3,750 | - |
| 100,169 | 113,687 | |
| Support costs | ||
| Finance | ||
| Bank charges | 235 | 141 |
| Governance costs | ||
| Accountancy fees | **787 ** | 715 |
| Total resources expended | 101,935 | 116,428 |
| Net income/(expenditure) | 29,572 | (23,323) |
This page does not form part of the statutory financial statements
Page 9