2024-03-31-accounts - Hart Gables

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CHARITY REGISTRATION NUMBER: 1179075

Hart Gables CIO

Unaudited Financial Statements

31 March 2024

S J ACCOUNTING SERVICES (NE) LTD

Hart Gables CIO

Financial Statements

Year ended 31 March 2024

	Page
Trustees' annual report	1
Independent examiner's report to the trustees	4
Statement of financial activities	5
Statement of financial position	6
Notes to the financial statements	7

Hart Gables CIO

Trustees' Annual Report

Year ended 31 March 2024

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.

Reference and administrative details

Registered charity name	Hart Gables CIO
Charity registration number	1179075
Principal office	The Innovation Hub
	Newtown Community Resource Centre
	Durham Road
	Stockton on Tees
	TS19 0DE
The trustees
	T Herrington
	L Kennedy
	P Neal
	A Young
Independent examiner	SJ Accounting Services (NE) Ltd
	3 Galava Walk
	Ingleby Barwick
	Stockton on Tees
	TS17 5JD

Structure, governance and management

Hart Gables is a Charitable Incorporated Organisation (CIO), incorporated on 5th July 2018. The CIO is governed by a Board of Trustees.

Hart Gables CIO

Trustees' Annual Report (continued)

Year ended 31 March 2024

Objectives and activities

The objects of the CIO are to promote equality and diversity, advance education and eliminate discrimination in relation to gay, lesbian, bisexual and transgender people in particular but not exclusively those residing in and around the North East for the benefit of the public by raising awareness in issues affecting the said persons with the object of developing an environment in favour of LGBT equality by providing information, advice and support.

Services offered by Hart Gables include:

One to one support tailored to individual need
Specialised support group sessions T-Time that focuses on Transgender needs and issues, a youth group called Born 2 Be, as well as groups for all such as Cloud 9 and MidWeekMix
Advocacy - enabling those who access the support of Hart Gables to have their voice heard and rights protected
Domestic Abuse and Violence service supporting victims
Third party reporting service for victims of hate crime
Training and awareness raising workshops - both for users of our service and partner organisations
Family support
Outreach work
Volunteer opportunities
Sexual Health and condom distribution

Achievements and performance

Over the past 12 months Hart Gables have in total supported 527 different people accessing support. The team have delivered a total of 200 group sessions throughout Stockton, Hartlepool, Middlesbrough and Peterlee, supporting a total of 378 different individuals.

In total 600 one to one support sessions have been delivered, supporting a total of 196 different people. The team have supported 43 people seeking asylum. Additionally, the team have delivered an additional 10 events supporting a total number of 271 different people. The events included:

National Hate Crime Awareness Week Alliance Awards IDAHOBIT History Month Gallery Exhibition Forum - Proposed Trans Guidance in Schools New Year Check in Session Trans Awareness Week photo campaign CIN Film Screening Forum - Training Taster Welcome Home Screening

LGBT Advance - fundraising project

The team have delivered 21 training sessions and 12 workshops throughout Teesside schools. 520 delegates were reached through the 21 training sessions and 1487 young people through the school workshops.

In total Hart Gables have worked with 2848 different beneficiaries since the last reporting period.

Hart Gables CIO

Trustees' Annual Report (continued)

Year ended 31 March 2024

Financial review

The results for the period are reflected in the Statement of Financial Activities in the accounts. The accounts for the year show a deficit of £13,551. The reserves stand at £95,323, £46,995 being unrestricted funds with free reserves of £27,251.

Reserves Policy

The trustees aim is to expend all funds on their charitable objects; however, they recognise the need to maintain a certain level of reserves as a cushion against possible future difficulties. Free reserves at the level of 6 months running costs would allow the charity to continue it's operations while alternative funding sources were sought.

The trustees' annual report was approved on 24[th] September 2024 and signed on behalf of the board of trustees by:

T Herrington Trustee

Hart Gables CIO

Independent Examiner's Report to the Trustees of Hart Gables CIO

Year ended 31 March 2024

I report to the trustees on my examination of the financial statements of Hart Gables CIO ('the charity') for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements 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:

accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable 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.

SJ Accounting Services (NE) Ltd Independent Examiner

3 Galava Walk Ingleby Barwick Stockton on Tees TS17 5JD

Hart Gables CIO

Statement of Financial Activities

Year ended 31 March 2024

			2024		2023
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	4	11,306	147,407	158,713	139,427
Other income	5	5,000	–	5,000	1,750
		----------------------------	--------------------------------	--------------------------------	--------------------------------
Total income		16,306	147,407	163,713	141,177
		============================	================================	================================	================================
Expenditure
Expenditure on charitable activities	6,7	45,248	132,016	177,264	150,826
		----------------------------	--------------------------------	--------------------------------	--------------------------------
Total expenditure		45,248	132,016	177,264	150,826
		============================	================================	================================	================================
		----------------------------	--------------------------------	--------------------------------	--------------------------------
Net expenditure		(28,942)	15,391	(13,551)	(9,649)
		============================	================================	================================	================================
Transfers between funds		13,427	(13,427)	–	–
		----------------------------	--------------------------------	--------------------------------	--------------------------------
Net movement in funds		(15,515)	1,964	(13,551)	(9,649)
Reconciliation of funds
Total funds brought forward		62,510	46,365	108,875	118,524
		----------------------------	--------------------------------	--------------------------------	--------------------------------
Total funds carried forward		46,995	48,329	95,324	108,875
		============================	================================	================================	================================

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 7 to 15 form part of these financial statements.

Hart Gables CIO

Statement of Financial Position

31 March 2024

		2024	2023
	Note	£	£
Fixed assets
Tangible fixed assets	12	2,997	3,531
Current assets
Debtors	13	1,200	–
Cash at bank and in hand		92,898	106,118
		----------------------------	--------------------------------
		94,098	106,118
Creditors: amounts falling due within one year	14	1,772	774
		----------------------------	--------------------------------
Net current assets		92,326	105,344
		----------------------------	--------------------------------
Total assets less current liabilities		95,323	108,875
		----------------------------	--------------------------------
Net assets		95,323	108,875
		============================	================================
Funds of the charity
Restricted funds		48,328	46,365
Unrestricted funds		46,995	62,510
		----------------------------	--------------------------------
Total charity funds	16	95,323	108,875
		============================	================================

These financial statements were approved by the board of trustees and authorised for issue on 24[th] September 2024, and are signed on behalf of the board by:

T Herrington Trustee

The notes on pages 7 to 15 form part of these financial statements.

Hart Gables CIO

Notes to the Financial Statements

Year ended 31 March 2024

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is The Innovation Hub, Newtown Community Resource Centre, Durham Road, Stockton on Tees, TS19 0DE.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Hart Gables CIO

Notes to the Financial Statements (continued)

Year ended 31 March 2024

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Hart Gables CIO

Notes to the Financial Statements (continued)

Year ended 31 March 2024

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings - 20% straight line Equipment - 20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Hart Gables CIO

Notes to the Financial Statements (continued)

Year ended 31 March 2024

3. Accounting policies (continued)

Financial instruments (continued)

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Donations and legacies

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2024
	£	£	£
Donations
Donations	3,531	–	3,531

Hart Gables CIO

Notes to the Financial Statements (continued)

Year ended 31 March 2024

4. Donations and legacies (continued)

			Unrestricted	Restricted	Total Funds
			Funds	Funds	2024
			£	£	£
	Grants
	Tudor Trust		–	33,333	33,333
	Big Lottery		–	–	–
	National Lottery		–	65,937	65,937
	Children In Need		–	4,953	4,953
	Awards For All		–	8,684	8,684
	Durham University		–	1,200	1,200
	Henry Smith		–	33,300	33,300
	LGBT Advance Income		7,775	–	7,775
	Children In Need 2		–	–	–
	North Star Housing		–	–	–
			----------------------------	--------------------------------	--------------------------------
			11,306	147,407	158,713
			============================	================================	================================
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2023
			£	£	£
	Donations
	Donations		4,566	–	4,566
	Grants
	Tudor Trust		–	33,333	33,333
	Big Lottery		–	64,262	64,262
	National Lottery		–	–	–
	Children In Need		–	–	–
	Awards For All		–	–	–
	Durham University		–	–	–
	Henry Smith		–	16,650	16,650
	LGBT Advance Income		8,936	–	8,936
	Children In Need 2		–	10,430	10,430
	North Star Housing		1,250	–	1,250
			----------------------------	--------------------------------	--------------------------------
			14,752	124,675	139,427
			============================	================================	================================
5.	Other income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2024	Funds	2023
		£	£	£	£
	Other income type 1	5,000	5,000	1,750	1,750
		=======================	=======================	=======================	=======================

Hart Gables CIO

Notes to the Financial Statements (continued)

Year ended 31 March 2024

6. Expenditure on charitable activities by fund type

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2024
	£	£	£
Activity type 1	44,164	126,623	170,788
Support costs	1,084	5,393	6,476
	----------------------------	--------------------------------	--------------------------------
	45,248	132,016	177,264
	============================	================================	================================
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Activity type 1	48,273	101,837	150,112
Support costs	716	–	714
	----------------------------	--------------------------------	--------------------------------
	48,989	101,837	150,826
	============================	================================	================================

7. Expenditure on charitable activities by activity type

	Activities
	undertaken	Support	Total funds	Total fund
	directly	costs	2024	2023
	£	£	£	£
Activity type 1	170,788	–	170,788	150,112
Governance costs	–	6,476	6,476	714
	--------------------------------	-----------------------	--------------------------------	--------------------------------
	170,788	6,476	177,264	150,826
	================================	=======================	================================	================================
Net expenditure
Net expenditure is stated after charging/(crediting):
			2024	2023
			£	£
Depreciation of tangible fixed assets			1,012	715
			=======================	==============
Independent examination fees
			2024	2023
			£	£
Fees payable to the independent examiner for:
Independent examination of the financial	statements		575	575
			==============	==============

8. Net expenditure

9. Independent examination fees

10. Staff costs

The average head count of employees during the year was Nil (2023: 6).

No employee received employee benefits of more than £60,000 during the year (2023: Nil).

Hart Gables CIO

Notes to the Financial Statements (continued)

Year ended 31 March 2024

11. Trustee remuneration and expenses

no remuneration or other benefits from employment with the charity or a related entity were received by the trustees; or

12. Tangible fixed assets

	Fixtures and
	fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2023	140	4,565	4,705
Additions	–	478	478
	--------------	-----------------------	-----------------------
At 31 March 2024	140	5,043	5,183
	==============	=======================	=======================
Depreciation
At 1 April 2023	42	1,132	1,174
Charge for the year	28	984	1,012
	--------------	-----------------------	-----------------------
At 31 March 2024	70	2,116	2,186
	==============	=======================	=======================
Carrying amount
At 31 March 2024	70	2,927	2,997
	==============	=======================	=======================
At 31 March 2023	98	3,433	3,531
	==============	=======================	=======================
Debtors
		2024	2023
		£	£
Prepayments and accrued income		1,200	–
		=======================	==============
Creditors: amounts falling due within one year
		2024	2023
		£	£
Trade creditors		1,152	199
Accruals and deferred income		575	575
Other creditors		45	–
		-----------------------	--------------
		1,772	774
		=======================	==============

13. Debtors

14. Creditors: amounts falling due within one year

15. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £2,627 (2023: £2,237).

Hart Gables CIO

Notes to the Financial Statements (continued)

Year ended 31 March 2024

16. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
					At
	At				31 March 20
	1 April 2023	Income	Expenditure	Transfers	24
	£	£	£	£	£
General funds	45,069	16,306	(45,248)	11,124	27,251
Redundancy Reserve	17,441	–	–	2,303	19,744
	----------------------------	----------------------------	----------------------------	----------------------------	----------------------------
	62,510	16,306	(45,248)	13,427	46,995
	============================	============================	============================	============================	============================
					At
	At				31 March 20
	1 April 2022	Income	Expenditure	Transfers	23
	£	£	£	£	£
General funds	75,802	16,502	(48,989)	1,754	45,069
Redundancy Reserve	11,765	–	–	5,676	17,441
	----------------------------	----------------------------	----------------------------	-----------------------	----------------------------
	87,567	16,502	(48,989)	7,430	62,510
	============================	============================	============================	=======================	============================
Restricted funds
					At
	At				31 March 20
	1 April 2023	Income	Expenditure	Transfers	24
	£	£	£	£	£
Tudor Trust	16,511	33,333	(32,535)	(650)	16,659
National Lottery	21,461	65,937	(55,272)	(11,420)	20,706
Children In Need	–	4,953	(4,374)	(579)	–
Awards For All	–	8,684	(6,055)	–	2,629
HBC Youth Activity
Funding	–	–	–	–	–
Henry Smith	8,393	33,300	(32,580)	(779)	8,334
Durham University	–	1,200	(1,200)	–	–
Cumbria NHS	–	–	–	–	–
	----------------------------	--------------------------------	--------------------------------	----------------------------	----------------------------
	46,365	147,407	(132,016)	(13,428)	48,328
	============================	================================	================================	============================	============================
					At
	At				31 March 20
	1 April 2022	Income	Expenditure	Transfers	23
	£	£	£	£	£
Tudor Trust	16,664	33,333	(33,292)	(194)	16,511
National Lottery	–	64,262	(37,096)	(5,705)	21,461
Children In Need	(2,260)	10,430	(6,945)	(1,225)	–
Awards For All	3,413	–	(3,413)	–	–
HBC Youth Activity
Funding	295	–	(295)	–	–
Henry Smith	–	16,650	(7,951)	(306)	8,393
Durham University	2,440	–	(2,440)	–	–
Cumbria NHS	10,405	–	(10,405)	–	–
	----------------------------	--------------------------------	--------------------------------	-----------------------	----------------------------
	30,957	124,675	(101,837)	(7,430)	46,365
	============================	================================	================================	=======================	============================

Restricted funds

Hart Gables CIO

Notes to the Financial Statements (continued)

Year ended 31 March 2024

17. Analysis of net assets between funds

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2024
	£	£	£
Tangible fixed assets	2,997	–	2,997
Current assets	43,998	48,328	92,326
	----------------------------	----------------------------	----------------------------
Net assets	46,995	48,328	95,323
	============================	============================	============================
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Tangible fixed assets	3,531	–	3,531
Current assets	58,979	46,365	105,344
	----------------------------	----------------------------	--------------------------------
Net assets	62,510	46,365	108,875
	============================	============================	================================