Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
Charity number: 1175221
CARLY HEART TRUST
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 3 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 13 |
| The following pages do not form part of the statutory financial statements: | |
| Accountants' report | 4 |
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2023
Trustees C Williams, Chair S Copper A Scarborough Charity registered number 1175221 Principal office North Star House 11 London Road Bromley London BR1 1BY Accountants MWS Chartered Accountants Registered Auditors Kingsridge House 601 London Road Westcliff-on-Sea Essex SS0 9PE Bankers Royal Bank of Scotland 1 Redheughs Avenue Edinburgh EH12 9JN
Page 1
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023
The Trustees present their annual report together with the financial statements of the Charity for the 1 October 2022 to 30 September 2023.
Objectives and activities
a. Policies and objectives
The object of the charity is:
To raise awareness of sudden cardiac arrest.
To provide defibrillators and training to teachers/coaches.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Main activities undertaken to further the Charity's purposes for the public benefit
Raising finance to provide training and equipment mainly to schools and sports clubs to enable lives to be saved from sudden cardiac arrest.
Achievements and performance
a. Main achievements of the Charity
We have provided defibrillators to local schools and sports clubs and raised awareness of sudden cardiac arrest in young people which has benefited the local community.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
At the year end the charity free reserves of £5,862 (2023: £7,497). As funds are raised the charity purchases defibrillators.
Structure, governance and management
a. Constitution
Carly Heart Trust is a registered charity, number 1175221, and is constituted under a CIO Foundation.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the CIO Foundation.
Page 2
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and 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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the CIO Foundation. They 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 order of the members of the board of Trustees on 31 July 2024 and signed on their behalf by:
C Williams Trustee
Page 3
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
ACCOUNTANTS REPORT TO THE BOARD OF TRUSTEES
In order to assist the trustees to fulfil their duties under the Companies Act 2006, the accountants have compiled the financial statements which comprise the Statement of Financial Activities, the Balance Sheet and related notes, from the accounting records and information and explanations supplied by you.
We are a member firm of the Institute of Chartered Accountants in England and Wales and are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made to the charity's Board of Trustees as a body in accordance with the terms of the engagement. An explanation as to the work carried out being in accordance with the requirements of ICAEW guidance and the purpose of the work and that, to the fullest extent permitted by law, no responsibility will be accepted for the work or the report to anyone other than the charity or the charity's Board of Trustees, as a body.
The Trustees have acknowledged their duty to ensure that the charity has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of the charity and that they consider that the charitable company is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the accounts of the company and that for this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations given to us and we do not, therefore, express any opinion on the statutory accounts.
MWS
Date: 31/07/2024
Page 4
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023
| Note Income from: Donations and legacies 3 Charitable activities 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2023 £ 582 2,250 2,832 4,467 4,467 (1,635) 7,497 (1,635) 5,862 |
Total funds 2023 £ 582 2,250 2,832 4,467 4,467 (1,635) 7,497 (1,635) 5,862 |
Total funds 2022 £ 5,773 2,522 8,295 9,508 9,508 (1,213) 8,710 (1,213) 7,497 |
|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 7 to 13 form part of these financial statements.
Page 5
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
BALANCE SHEET AS AT 30 SEPTEMBER 2023
| Note Fixed assets Current assets Debtors 8 Cash at bank and in hand Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 9 Unrestricted funds 9 Total funds |
- 5,862 5,862 |
2023 £ - 5,862 5,862 5,862 5,862 - 5,862 5,862 |
30 7,467 7,497 |
2022 £ |
|---|---|---|---|---|
| - 7,497 |
||||
| 7,497 | ||||
| 7,497 | ||||
| 7,497 | ||||
| - 7,497 |
||||
| 7,497 |
The financial statements were approved and authorised for issue by the Trustees on 31 July 2024 and signed on their behalf by:
C Williams
Trustee
The notes on pages 7 to 13 form part of these financial statements.
Page 6
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
1. General information
The charity is a CIO and is registered with the Charity Commission under number 1175221.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Carly Heart Trust 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.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.5 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 7
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
2. Accounting policies (continued)
2.6 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.7 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
3. Income from donations and legacies
| Donations Income from charitable activities Other income |
Unrestricted funds 2023 £ 582 Unrestricted funds 2023 £ 2,250 |
Total funds 2023 £ 582 Total funds 2023 £ 2,250 |
Total funds 2022 £ 5,773 |
|---|---|---|---|
| Total funds 2022 £ 2,522 |
4. Income from charitable activities
5. Analysis of expenditure on charitable activities Summary by fund type
| Unrestricted | |||
|---|---|---|---|
| funds | Total | Total | |
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| Cardiac Arrest Awareness | 4,467 | 4,467 | 9,508 |
Page 8
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
6. Analysis of expenditure by activities
| Cardiac Arrest Awareness Total 2022 |
Activities undertaken directly 2023 £ 4,185 9,169 |
Support costs 2023 £ 282 339 |
Total funds 2023 £ 4,467 9,508 |
Total funds 2022 £ 9,508 |
|---|---|---|---|---|
Analysis of direct costs
| Cardiac | |||
|---|---|---|---|
| Arrest | Total | Total | |
| Awareness | funds | funds | |
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| Defibrillators | 4,185 | 4,185 | 9,169 |
Analysis of support costs
| Sundry Fundraising charges Bank charges Website and IT costs |
Cardiac Arrest Awareness 2023 £ 26 216 10 30 282 |
Total funds 2023 £ 26 216 10 30 282 |
Total funds 2022 £ - 216 22 101 339 |
|---|---|---|---|
7. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2022 - £NIL) .
During the year ended 30 September 2023, no Trustee expenses have been incurred (2022 - £NIL) .
Page 9
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
8. Debtors
| Due within one year Prepayments and accrued income |
2023 £ - - |
2022 £ 30 |
|---|---|---|
| 30 |
Page 10
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
9. Statement of funds
Statement of funds - current year
| Balance at | ||||
|---|---|---|---|---|
| Balance at 1 | 30 | |||
| October | September | |||
| 2022 | Income | Expenditure | 2023 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General Funds - all funds | 7,497 | 2,832 | (4,467) | 5,862 |
Page 11
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
9. Statement of funds (continued)
Statement of funds - prior year
| Balance at 1 October 2021 £ Unrestricted funds Unrestricted Funds 8,710 10. Summary of funds Summary of funds - current year Balance at 1 October 2022 £ General funds 7,497 Summary of funds - prior year Balance at 1 October 2021 £ General funds 8,710 11. Analysis of net assets between funds Analysis of net assets between funds - current year Current assets Total |
Income £ 8,295 Income £ 2,832 Income £ 8,295 |
Expenditure £ (9,508) Expenditure £ (4,467) Expenditure £ (9,508) Unrestricted funds 2023 £ 5,862 5,862 |
Balance at 30 September 2022 £ 7,497 Balance at 30 September 2023 £ 5,862 Balance at 30 September 2022 £ 7,497 Total funds 2023 £ 5,862 5,862 |
|
|---|---|---|---|---|
Page 12
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
11. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Current assets Total |
Unrestricted funds 2022 £ 7,497 7,497 |
Total funds 2022 £ 7,497 7,497 |
|---|---|---|
12. Related party transactions
The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 30 September 2023.
Page 13
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
Charity number: 1175221
CARLY HEART TRUST
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 3 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 13 |
| The following pages do not form part of the statutory financial statements: | |
| Accountants' report | 4 |
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2023
Trustees C Williams, Chair S Copper A Scarborough Charity registered number 1175221 Principal office North Star House 11 London Road Bromley London BR1 1BY Accountants MWS Chartered Accountants Registered Auditors Kingsridge House 601 London Road Westcliff-on-Sea Essex SS0 9PE Bankers Royal Bank of Scotland 1 Redheughs Avenue Edinburgh EH12 9JN
Page 1
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023
The Trustees present their annual report together with the financial statements of the Charity for the 1 October 2022 to 30 September 2023.
Objectives and activities
a. Policies and objectives
The object of the charity is:
To raise awareness of sudden cardiac arrest.
To provide defibrillators and training to teachers/coaches.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Main activities undertaken to further the Charity's purposes for the public benefit
Raising finance to provide training and equipment mainly to schools and sports clubs to enable lives to be saved from sudden cardiac arrest.
Achievements and performance
a. Main achievements of the Charity
We have provided defibrillators to local schools and sports clubs and raised awareness of sudden cardiac arrest in young people which has benefited the local community.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
At the year end the charity free reserves of £5,862 (2023: £7,497). As funds are raised the charity purchases defibrillators.
Structure, governance and management
a. Constitution
Carly Heart Trust is a registered charity, number 1175221, and is constituted under a CIO Foundation.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the CIO Foundation.
Page 2
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and 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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the CIO Foundation. They 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 order of the members of the board of Trustees on 31 July 2024 and signed on their behalf by:
C Williams Trustee
Page 3
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
ACCOUNTANTS REPORT TO THE BOARD OF TRUSTEES
In order to assist the trustees to fulfil their duties under the Companies Act 2006, the accountants have compiled the financial statements which comprise the Statement of Financial Activities, the Balance Sheet and related notes, from the accounting records and information and explanations supplied by you.
We are a member firm of the Institute of Chartered Accountants in England and Wales and are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made to the charity's Board of Trustees as a body in accordance with the terms of the engagement. An explanation as to the work carried out being in accordance with the requirements of ICAEW guidance and the purpose of the work and that, to the fullest extent permitted by law, no responsibility will be accepted for the work or the report to anyone other than the charity or the charity's Board of Trustees, as a body.
The Trustees have acknowledged their duty to ensure that the charity has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of the charity and that they consider that the charitable company is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the accounts of the company and that for this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations given to us and we do not, therefore, express any opinion on the statutory accounts.
MWS
Date: 31/07/2024
Page 4
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023
| Note Income from: Donations and legacies 3 Charitable activities 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2023 £ 582 2,250 2,832 4,467 4,467 (1,635) 7,497 (1,635) 5,862 |
Total funds 2023 £ 582 2,250 2,832 4,467 4,467 (1,635) 7,497 (1,635) 5,862 |
Total funds 2022 £ 5,773 2,522 8,295 9,508 9,508 (1,213) 8,710 (1,213) 7,497 |
|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 7 to 13 form part of these financial statements.
Page 5
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
BALANCE SHEET AS AT 30 SEPTEMBER 2023
| Note Fixed assets Current assets Debtors 8 Cash at bank and in hand Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 9 Unrestricted funds 9 Total funds |
- 5,862 5,862 |
2023 £ - 5,862 5,862 5,862 5,862 - 5,862 5,862 |
30 7,467 7,497 |
2022 £ |
|---|---|---|---|---|
| - 7,497 |
||||
| 7,497 | ||||
| 7,497 | ||||
| 7,497 | ||||
| - 7,497 |
||||
| 7,497 |
The financial statements were approved and authorised for issue by the Trustees on 31 July 2024 and signed on their behalf by:
C Williams
Trustee
The notes on pages 7 to 13 form part of these financial statements.
Page 6
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
1. General information
The charity is a CIO and is registered with the Charity Commission under number 1175221.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Carly Heart Trust 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.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.5 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 7
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
2. Accounting policies (continued)
2.6 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.7 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
3. Income from donations and legacies
| Donations Income from charitable activities Other income |
Unrestricted funds 2023 £ 582 Unrestricted funds 2023 £ 2,250 |
Total funds 2023 £ 582 Total funds 2023 £ 2,250 |
Total funds 2022 £ 5,773 |
|---|---|---|---|
| Total funds 2022 £ 2,522 |
4. Income from charitable activities
5. Analysis of expenditure on charitable activities Summary by fund type
| Unrestricted | |||
|---|---|---|---|
| funds | Total | Total | |
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| Cardiac Arrest Awareness | 4,467 | 4,467 | 9,508 |
Page 8
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
6. Analysis of expenditure by activities
| Cardiac Arrest Awareness Total 2022 |
Activities undertaken directly 2023 £ 4,185 9,169 |
Support costs 2023 £ 282 339 |
Total funds 2023 £ 4,467 9,508 |
Total funds 2022 £ 9,508 |
|---|---|---|---|---|
Analysis of direct costs
| Cardiac | |||
|---|---|---|---|
| Arrest | Total | Total | |
| Awareness | funds | funds | |
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| Defibrillators | 4,185 | 4,185 | 9,169 |
Analysis of support costs
| Sundry Fundraising charges Bank charges Website and IT costs |
Cardiac Arrest Awareness 2023 £ 26 216 10 30 282 |
Total funds 2023 £ 26 216 10 30 282 |
Total funds 2022 £ - 216 22 101 339 |
|---|---|---|---|
7. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2022 - £NIL) .
During the year ended 30 September 2023, no Trustee expenses have been incurred (2022 - £NIL) .
Page 9
Docusign Envelope ID: D404C6ED-36BD-497E-81A2-F471F46634B2
CARLY HEART TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
8. Debtors
| Due within one year Prepayments and accrued income |
2023 £ - - |
2022 £ 30 |
|---|---|---|
| 30 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
9. Statement of funds
Statement of funds - current year
| Balance at | ||||
|---|---|---|---|---|
| Balance at 1 | 30 | |||
| October | September | |||
| 2022 | Income | Expenditure | 2023 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General Funds - all funds | 7,497 | 2,832 | (4,467) | 5,862 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
9. Statement of funds (continued)
Statement of funds - prior year
| Balance at 1 October 2021 £ Unrestricted funds Unrestricted Funds 8,710 10. Summary of funds Summary of funds - current year Balance at 1 October 2022 £ General funds 7,497 Summary of funds - prior year Balance at 1 October 2021 £ General funds 8,710 11. Analysis of net assets between funds Analysis of net assets between funds - current year Current assets Total |
Income £ 8,295 Income £ 2,832 Income £ 8,295 |
Expenditure £ (9,508) Expenditure £ (4,467) Expenditure £ (9,508) Unrestricted funds 2023 £ 5,862 5,862 |
Balance at 30 September 2022 £ 7,497 Balance at 30 September 2023 £ 5,862 Balance at 30 September 2022 £ 7,497 Total funds 2023 £ 5,862 5,862 |
|
|---|---|---|---|---|
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
11. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Current assets Total |
Unrestricted funds 2022 £ 7,497 7,497 |
Total funds 2022 £ 7,497 7,497 |
|---|---|---|
12. Related party transactions
The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 30 September 2023.
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