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2024-03-31-accounts

Charity registration number 1179366

Company registration number 9812411 (England and Wales)

HEART OF GLASS ST HELENS LTD

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

HEART OF GLASS ST HELENS LTD

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees J E Carruthers P P Hogan J Jones H Firth G J Pennington J Rowlands J Samuels A G Osundeko B Carlisle N M Mellor A C Uzomah-Uwalaka A J Kwan G Tsang Secretary P Fox Charity number 1179366 Company number 9812411 Registered office c/o Make Huyton Village 47-49 Derby Road Huyton Liverpool Merseyside L36 9UQ Auditor Mitchell Charlesworth (Audit) Limited 5 Temple Square Temple Street Liverpool L2 5RH Bankers National Westminster Bank plc 5 Ormskirk Street St Helens Merseyside WA10 1DR

(Appointed 7 February 2024) (Appointed 7 February 2024)

HEART OF GLASS ST HELENS LTD

CONTENTS

Page
Trustees' report 1 - 9
Independent auditor's report 10 - 13
Statement of financial activities 14
Balance sheet 15
Statement of cash flows 16
Notes to the financial statements 17 - 31

HEART OF GLASS ST HELENS LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

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

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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

Heart of Glass is a community arts organisation. We support the work of artists and communities. We understand our community as everyone we work with, from artists and communities of interest, place or experience to the audiences we reach, and the ecology of partners and individuals with whom we connect. People, individually and within their communities, are central to both our thinking and our practice. We champion co-created arts practices and partnership working by supporting a creative process that reflects and responds to contemporary life and creates space for dialogue, research, learning and experimentation. In addition to the development of new work, we also produce specialised projects, professional development opportunities, resources and publications for all those who make, watch, research, study, teach, produce, present, write about and archive collaborative and social arts practice. Our programme embodies the principle of partnership. This involves close collaboration with a range of arts partners as well as cross sector, community and voluntary partners – including Local Authorities, schools, International festivals and networks, HE Partners, community groups, campaigners and businesses. Our work occupies spaces in what might be described as non-traditional arts locations - forests, libraries, high streets, youth centres, empty shops, local farms, schools – spaces that we hold and inhabit in common. We believe every one of us has the right to have our voices heard; our stories celebrated, and our curiosity piqued.

Our charity objects (“Objects") are specifically restricted to the following:

To advance the education of the public in the arts and in particular collaborative arts, contemporary visual arts, performance, music, drama, poetry, craft, media arts and all other associated arts of the highest quality and calibre by:

a) encouraging and developing public participation in these artforms by the presentation of artworks, commissions, concerts, performances, exhibitions and festivals in the Borough of St Helens primarily, and in the North West of England region, nationally and internationally;

The results of this work ranges from theatre to visual art, and everything in between. Sometimes the results are dazzling public shows, sometimes they're quietly disruptive performances and often they're both! The work always creates the possibility, through shared art making, to imagine and express new futures and other ways of being. We work across all sorts of art forms with artists who share our vision and commitment. We also support artists and practitioners through collaboration, professional development opportunities and our annual With For About conference.

Our strategic aims as an organisation are:

Public benefit

The Trustees have had due regard to the guidance published by the Charity Commission on public benefit when exercising any powers or duties to which the guidance is relevant.

HEART OF GLASS ST HELENS LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Achievements and performance

The year 2023/24 was a successful year for the Charity. Our new funding cycle under the Arts Council England National Portfolio investment commenced from the 1st of April 2023 and we successfully delivered our programme of activities to a high standard following a positive review with Arts Council England.

Work also continued through our second area of Arts Council England strategic investment, Creative People and Places, with activities focussed in St Helens and Knowsley and benefiting communities in both boroughs.

Our organisational programme, which included both of the above mentioned funded programmes of work, continued to support a diverse and dynamic programme of work supporting artists and communities to produce work in a range of settings and contexts.

We welcomed new trustees to our Board and delivered an ambitious programme of work, with new and old partners, diverse communities and artists and maintained our status as a locally relevant and nationally significant arts and cultural organisation.

We hope that over the following pages you can get a sense of the breadth of our work and our achievements throughout the year.

Throughout the year 2023-2024 Heart of Glass was mindful the priorities of the world had shifted. In a world now postpandemic, different aspects of our world became more prominent, different themes to explore, different communities to collaborate with and different areas to care with and allow creation to happen. The world's priorities changed and different things became important.

Some of the projects throughout the year have been part of an ongoing commitment to artists and theme’s and these were taking shape and gaining momentum. But now the research and ongoing collaborations completed over the previous year’s meant that these ideas could take shape and grow into new areas and ideas of exploration. For example, delivering The Suicide Chronicles, the reach of this project meant we could now work alongside communities in Ireland. The scope of our environmental program could take shape with a community in Malaysia and explore the ecological grief experienced by communities.

Heart of Glass was successful in securing £338k funding from social justice grant maker Paul Hamlyn due to the quality of the work with Children and Young People within the school’s sector as well as a community setting. The funding is to support a 3-year exploratory research and development program working with young people, multi-disciplinary artists and youth organisations.

A further funding stream came on board. Heart of Glass was successfully awarded £95,998 to develop a new art project celebrating women in St Helens and Knowsley, and street art, featuring the work of mosaic artist Carrie Reichardt. This project was called Strong Women. Strong Women aims to capture and highlight the untold stories of women in St Helens and Knowsley and celebrate their contributions to the boroughs. It will also explore women’s and LGBTQIA+ people's role within the history of street art.

Below please find some more detail a bit more specific to explore the breadth of what Heart of Glass has achieved throughout the year.

HEART OF GLASS ST HELENS LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Projects

National Portfolio Organisation NPO

Total NPO Commissions & Residencies

NPO Public Programme:

NPO Children & Young People

Total NPO Learning

HEART OF GLASS ST HELENS LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Paul Hamlyn Foundation PHF

How can the arts be used to tell the stories young people in St Helens want to tell and utilise the arts to share them with who they want to be heard by in order to influence change and shift power?

How can the arts be used to support young people to express what community means to them, and become active contributors to the communities they wish to be part of, whether that be a community of place or community of interest?

How can we influence practice and policy development through a commitment to shared learning and the creation of learning opportunities across the programmed activities?

Part of this scope of work we have engaged the below artists in 2023/24 to develop work. They included:

Kelly

Green

London born and bred, Kelly is a working-class, queer, neurodivergent mum and performance artist; a noisy, feisty, hot mess. Her performance work is fun, interactive and always about class. She has made two solo shows: CHAV (2018) and SLAG (2019), and was the artist-in-residence with LADA and Canterbury Christ Church University (2016-2019) for their 3- year programme with Tate Exchange exploring class, social privilege and live art with young people from Dover and Wales.

Fox

Irving

Fox Irving is a Southern based, Liverpool born, working class artist. Their art is shaped by the liminal, precarious identity they inhabit as queer/femme/working class. With a playful, DIY approach informed by activist strategies and centering collaboration, Fox investigates how art can be used by marginalised communities that they are part of as a tool of empowerment.

What Does He Need? is a long-term project, funded by the PHF grant. Exploring how men and boys are shaped by and influence the world they live in. Emerging at the intersection of collaborative arts practice, performance and youth work, this multi-faceted project was established in 2018 and has since developed multiple creative approaches for engaging with communities and publics including immersive workshops, programmes, public artworks and performances. Through artistic and pedagogical methods, the project aims to create a significant public dialogue about the current state of masculinity.

Creative People & Places (CPP)

This year we explored our environment and worked to understand our responsibility to the natural world, with many projects under the CPP umbrella exploring these themes with communities.

The A Sense of Green programme took place Sept / Oct reaching an audience of nearly 800 people across Knowsley and St Helens through workshops and events. Events took place over 5 weekends across both Boroughs with the aim of taking audiences on a journey exploring green spaces on their doorsteps.

Following the Roots (project with Frances Disley and communities in Halewood) workshops came to an end. Feedback was wonderful. Artist Frances Disley created a new trail of sculptural artworks for Halewood Triangle Park in collaboration with residents from Halewood.

The project launched on Saturday May 20th with a brunch for the community who were involved in the development of the artwork, followed by an event including an artist walk around the trail, sharing the story of the artwork. Each artwork draws connections between a species of tree, and a part of local history.

HEART OF GLASS ST HELENS LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

For UK Fungus Day we worked with Knowsley Park Rangers, fungus experts and artist Jane Lawson for a day that celebrated all things Funghi; including a fungal foray and a game where participants acted out the lifespan of fungus.

Based at Court Hey Park and with our community partners Incredible Edible, Artist Harun Morrison with Environmental Justice Cards hosted open workshops based on discussions about climate crises.

Paul Harfleet with Birds Can Fly (workshops took place in St Helens and Knowsley). Using his’ gentlegestres’ methodology Paul worked with communities to create a project where participants would draw and dress up as their favourite birds. A fun project with a serious message about bird depletion.

Bernadette McBride worked with Cut Glass writers group and delivered open workshops in Thatto Heath Library to produce poetry about climate change.

Our local artist support strand of work titled Prototype Projects supported the following artists, Bea Albanese (Let’s Make Rubbish Art project), Arts Groupie (various workshops within Court Hey Park and Rebecca Rauer (Mythology, Ecology, Embroidery)

There were also art installations in our boroughs.

Welcome Home has been installed on the high street in Huyton. Artist Jo Peel (collaborated with Cathy Cross) and residents and businesses in Huyton to create the artwork. There was a launch event with the leader of Knowsley Council. The artwork was part of the legacy of Knowsley’s Borough of Culture, Towns and Villages Tell Their Story programme.

Queer Eutopia has been installed in Prescot Station. The project with artist Emma Colbert and young people from Lee Cooper Foundation was installed in October.

National Heritage Lottery Funding:

We had success with funding from the National Heritage Lottery Fund of £96k. This went to fund CPP’s work with Artist Carrie Reichardt. Over the next 2 years funding will support the development of 1 artwork in Parr, St Helens and 1 artwork in Kirkby, Knowsley. Each artwork was created with various groups within the community and more broadly across each Borough. In addition, the programme included a look at the history of women and LGBTQIA+ community within street art - hosting podcasts, panel discussions and generating critical writing to share with the sector. There was a school’s programme with resource packs looking at women and LGBTQIA+ within street art and local women's heritage. There was also an opportunity for an artist from St Helens or Knowsley to be mentored by Carrie for the duration of the project. Workshops started and final work was installed in St Helens in Summer 2023.

Liverpool City Region Culture Awards

Following previous success we were nominated for the Strong Women project (Community Cohesion) and our Make Huyton Village hosts for the Arts in Business award. We also learned that Knowsley Council has nominated Heart of Glass for the Organisation of the Year award.

Plans for the future

We are an organisation that champions people, place and practice, and we will continue to create unique and ambitious opportunities for diverse communities to take part in the making of dynamic new work which will animate underrepresented places, and through partnership working build upon community and place-based assets and strategies. Our ethos and programmes of work directly deliver against the 10-year aims of Arts Council England’s Let’s Create strategy and we are delighted to have received the continued support from Arts Council England through their next phase of national strategic investment.

Through our NPO programme we will continue to deliver a programme of local (Liverpool City Region) and remote (National) commissions, public events in real-life and in the digital sphere, and artist development through residencies and our learning offer. Through our Creative, People and Places funding we will deliver our TELL STORIES THAT MATTER programme, creatively reigniting the boroughs of St Helens and Knowsley, building on their distinctive personalities and social fabrics to co-create engaging artworks.

HEART OF GLASS ST HELENS LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Throughout our work we are keen to continue exploring ways to creatively address the themes that concern our communities, such as Climate, Migration, Social and Disability Justice. We will do this by creating projects which enable everyone to share their different knowledge and experience of this world, and create spaces to wonder collectively how we might unlearn or undo those things that have brought us to where we are, and then find creative ways to work together to imagine different futures.

Alongside this we will continue to develop our own capacity as an organisation through specialist training and development programmes, working with our knowledgeable board, with relevant lived and professional experience, to create programmes of work and an organisation that reflect our values of Care, Collaboration and Challenge.

Financial review

Total income for the year 2023/24 amounted to £966,896 (2023: £863,958). Expenditure amounted to £942,123 (2023: £866,194) resulting in the year ending with an overall surplus of £24,773 (2023: deficit £2,236) representing a surplus on restricted funds of £18,606 (2023: surplus £10,803) and a surplus on unrestricted funds of £6,167 (2023: deficit of £13,039), The final balance on unrestricted funds is £273,780 (2023: £267,613).

Reserves policy

The Board of Trustees agreed to maintain unrestricted financial reserves to a level which covers 16 weeks of core operational costs; covering NPO and core staff salaries and administration costs. The reserves level will be monitored every quarter by the Board of Trustees and the policy and reserves target will be reviewed annually or whenever there are significant changes in staff hours or numbers. At 31st March 2024 these reserves amounted to £125,174. The value of current unrestricted reserves excluding designations as at 31st March 2024 was £148,606.

Investment powers and policy

Our investment policy is to invest our monies not immediately required for our charitable purposes in or upon such investments, securities or property as may be thought fit, subject to conditions imposed or required by law.

Risk management

The Risk Register is one of the key documents in our organisational business plan. Being aware of risks facing the organisation is critical to ensuring that we can grow, develop and become a sustainable part of the nation's creative ecology. We have implemented a risk register, which captures known risks to the organisation across the areas of; programme delivery, governance, human resources, financial management, funding, legal and national standards and policy, information communication technology, communications and marketing, equipment and assets, and external influences.

Each risk is assessed on its likelihood and impact and given a severity rating between 1 and 9. They are also attributed to an owner within the organisation who is responsible for managing the risk through identified mitigating and contingent actions. Risks will stay open on the risk register until they have been fully mitigated or negated. The risk register is monitored by the Board of Trustees who ensure that known risks are well managed and who support the leadership team in identifying new risks to the organisation as they occur.

Our organisational policy on risk management is to:

HEART OF GLASS ST HELENS LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Structure, governance and management

Trustees of the charity

The directors of the charitable company are the Trustees for the purposes of company law. The Trustees who have served during the year, resigned within the year, and since the year end are detailed below:

J E Carruthers
P P Hogan
J Jones
H Firth
D M Foster (Resigned 7 February 2024)
G J Pennington
J Rowlands
J P Whaling (Resigned 23 April 2024)
J Samuels
A G Osundeko
H Hathiwala (Resigned 2 February 2024)
B Carlisle
N M Mellor
A C Uzomah-Uwalaka
K Dempsey (Appointed 2 October 2023 and resigned 10 June 2024)
A J Kwan (Appointed 7 February 2024)
G Tsang (Appointed 7 February 2024)

Recruitment and appointment of Trustees

Trustees are recruited to our organisation based on skills, experience and knowledge. The Board of Trustees conduct a regular skills audit, identifying strengths and weaknesses within the board. Open recruitment occurs to fill identified gaps for Trustee vacancies.

Trustees are appointed at the Annual General Meeting (AGM). Trustees may appoint a person willing to act as an additional trustee before an AGM is held: however, their continuation as a trustee must be ratified at the next AGM. As detailed within our Memorandum and Articles of Association, one third of the Trustees must retire at each AGM but may seek reelection by members of the charitable company attending the meeting (in-person and by proxy). No person under the age of 18 may be appointed as a Trustee.

The Board of Trustees, which shall have no less than 3 members but not subject to a maximum number, administers the charity. They include the Chair, Vice-Chair and Treasurer. The Company Secretary may be a Trustee or a member of staff. The Board of Trustees appoint these roles at each Annual General Meeting. The full Board of Trustees meet at least 4 times a year and additionally in sub-committees covering areas of finance & audit and diversity & equality, which meet quarterly.

The Chief Executive is appointed by the Trustees to manage the day-to-day operations of the charity and deliver the approved aims and objectives as detailed within the organisation’s strategic documents. To facilitate effective operations, the Chief Executive has delegated authority, within terms of delegation approved by the Trustees, for the implementation of the strategic decisions at an operational level.

HEART OF GLASS ST HELENS LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Induction of new Trustees

All new Trustees receive a thorough and structured induction with the Chief Executive and Chair:

Remuneration of key management personnel

We have benchmarked our salaries and rates of pay with other UK arts organisations and as such our key management personnel are paid in accordance with this.

Governing Document

The charity which is a company limited by guarantee is governed by its Memorandum and Articles of Association which were revised on 16th February 2022. All members have agreed to contribute the sum not exceeding £10 in the event of a winding-up. It is registered as a charity with the Charity Commission.

Related parties

There are no related parties.

HEART OF GLASS ST HELENS LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Statement of trustees' responsibilities

The Trustees are responsible for preparing the Trustees’ Annual Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the charitable company for that period.

In preparing these accounts, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Trustees’ statement of disclosure of information to the auditors

Each of the persons who is a Trustee at the date of approval of this report confirm in so far as they are aware that:

Auditor

Mitchell Charlesworth (Audit) Limited is willing to continue in office and a resolution for their reappointment will be proposed at the forthcoming Annual General Meeting

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

J Rowlands Trustee

Dated: 4 December 2024

HEART OF GLASS ST HELENS LTD

INDEPENDENT AUDITOR'S REPORT

TO THE MEMBERS OF HEART OF GLASS ST HELENS LTD

Opinion

We have audited the financial statements of Heart of Glass St Helens Ltd (the ‘charity’) for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

HEART OF GLASS ST HELENS LTD

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF HEART OF GLASS ST HELENS LTD

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

HEART OF GLASS ST HELENS LTD

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF HEART OF GLASS ST HELENS LTD

Extent to which the audit was considered capable of detecting irregularities including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas:

(i) The presentation of the charity's Statement of Financial Activities, (ii) the charity's accounting policy for revenue recognition; and (iii) the overstatement of salary and other costs. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and the Statement of Recommended Practice - 'Accounting and Reporting by Charities' issued by the joint SORP making body.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the charity's ability to operate or to avoid a material penalty. These included Safeguarding and Data Protection Regulations.

HEART OF GLASS ST HELENS LTD

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF HEART OF GLASS ST HELENS LTD

Audit response to risks identified

As a result of performing the above, we identified the presentation of the charity's Statement of Financial Activities, revenue recognition and overstatement of wages and other costs as the key audit matters related to the potential risk of fraud. The key audit matters section of our report explains the matters in more detail and also describes the specific procedures we performed in response to those key audit matters.

In addition to the above, our procedures to respond to risks identified included the following:

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Philip Griffiths (Senior Statutory Auditor)

for and on behalf of Mitchell Charlesworth (Audit) Limited 4 December 2024

Accountants

Statutory Auditor

5 Temple Square Temple Street Liverpool L2 5RH

HEART OF GLASS ST HELENS LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
2
-
25,800
Charitable activities
3
475,807
461,370
Investments
4
3,919
-
Total income
479,726
487,170
Expenditure on:
Charitable activities
5
473,559
468,564
Total expenditure
473,559
468,564
Net income/(expenditure) and
movement in funds
6,167
18,606
Reconciliation of funds:
Fund balances at 1 April 2023
267,613
44,660
Fund balances at 31 March 2024
273,780
63,266		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
25,800
997
11,347
937,177
368,430
482,049
3,919
1,135
-
966,896
370,562
493,396
942,123
383,601
482,593
942,123
383,601
482,593
24,773
(13,039)
10,803
312,273
280,652
33,857
337,046
267,613
44,660		 Total
2023
£
12,344
850,479
1,135
863,958
866,194
866,194
(2,236)
314,509
312,273

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

HEART OF GLASS ST HELENS LTD

BALANCE SHEET

AS AT 31 MARCH 2024

Notes
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one year
13
Net current assets
Total assets less current liabilities
The funds of the charity
Restricted income funds
16
Unrestricted funds		 2024
£
45,935
328,697
374,632
(43,388)		 £
5,802
331,244
337,046
63,266
273,780
337,046		 2023
£
481
340,345
340,826
(30,276)		 £
1,723
310,550
312,273
44,660
267,613
312,273

The financial statements were approved by the trustees on 4 December 2024

J Rowlands Trustee

Company registration number 9812411 (England and Wales)

HEART OF GLASS ST HELENS LTD

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2024

Notes
Cash flows from operating activities
Cash absorbed by operations
20
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash used in investing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
£
(4,995)
3,919		 £
(10,572)
(1,076)
(11,648)
340,345
328,697		 2023
£
(2,333)
1,135		 £
(16,727)
(1,198)
(17,925)
358,270
340,345

HEART OF GLASS ST HELENS LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Heart of Glass St Helens Ltd is a company limited by guarantee and a registered charity in the United Kingdom. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities are set out in the Trustees' Report on page 2

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "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 charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

HEART OF GLASS ST HELENS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.5 Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs and administrative payroll costs. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.

The analysis of these costs is included in note 6.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 50% straight line Computers 33.33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

HEART OF GLASS ST HELENS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Donations and legacies

Restricted
Unrestricted
Restricted
funds
funds
funds
2024
2023
2023
£
£
£
Donations and gifts
-
997
-
Donated goods and services
25,800
-
11,347
25,800
997
11,347		 Total
2023
£
997
11,347
12,344

HEART OF GLASS ST HELENS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

3 Charitable activities

Ticket sales
Consultancy fees
Grants receivable
Analysis by fund
Unrestricted funds
Restricted funds		 National
portfolio
Creative People
and Places
2024
2024
£
£
-
1,165
5,202
-
469,440
461,370
474,642
462,535
474,642
1,165
-
461,370
474,642
462,535		 Total
2024
£
1,165
5,202
930,810
937,177
475,807
461,370
937,177		 National
portfolio
Creative People
and Places
2023
2023
£
£
15
1,274
4,260
6,243
427,570
411,117
431,845
418,634
360,913
7,517
70,932
411,117
431,845
418,634		 Total
2023
£
1,289
10,503
838,687
850,479
368,430
482,049
850,479

HEART OF GLASS ST HELENS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Charitable activities
Grants receivable
Arts Council England
Paul Hamlyn Foundation
St Helens Council
Homotopia
Torus Foundation
ForHousing Limited
Esme Fairbairn Foundation
Heritage Lottery Fund
Knowsley Metropolitan Borough Council
Other		 National
portfolio
Creative People
and Places
2024
2024
£
£
356,440
335,582
113,000
-
-
1,500
-
5,000
-
-
-
26,900
-
-
-
47,999
-
40,650
-
3,739
469,440
461,370		 Total
2024
£
692,022
113,000
1,500
5,000
-
26,900
-
47,999
40,650
3,739
930,810		 (Continued)
National
portfolio
Creative People
and Places
Total
2023
2023
2023
£
£
£
356,440
383,652
740,092
-
-
-
-
-
-
-
-
-
-
5,000
5,000
-
-
-
63,800
-
63,800
-
-
-
-
20,000
20,000
7,330
2,465
9,795
427,570
411,117
838,687		 (Continued)
National
portfolio
Creative People
and Places
Total
2023
2023
2023
£
£
£
356,440
383,652
740,092
-
-
-
-
-
-
-
-
-
-
5,000
5,000
-
-
-
63,800
-
63,800
-
-
-
-
20,000
20,000
7,330
2,465
9,795
427,570
411,117
838,687
838,687

3 Charitable activities

HEART OF GLASS ST HELENS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

4 Investments

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Interest receivable 3,919 1,135

5 Expenditure on charitable activities

Charitable Charitable
activities activities
2024 2023
£ £
Direct costs
Staff costs 363,420 305,280
Programme expenditure 287,768 220,722
Evaluation and development 25,491 46,936
Marketing and communications 13,358 34,736
In kind sponsorship and expenditure 25,800 11,347
715,837 619,021
Share of support and governance costs (see note 6)
Support 212,303 232,762
Governance 13,983 14,411
942,123 866,194
Analysis by fund
Unrestricted funds 473,559 383,601
Restricted funds 468,564 482,593
942,123 866,194

HEART OF GLASS ST HELENS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

6
Support costs allocated to activities
Staff costs
Depreciation
Premises costs
Computer costs
Telephone
Legal and professional
Insurance
Bank Charges
Staff training
Printing, stationery and postage
Other staff expenses
Office expenses
Governance costs
Analysed between:
Charitable activities
Governance costs comprise:
Audit fees
Regulatory fees
7
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets
8
Trustees		 2024
£
122,195
916
20,034
6,095
3,080
33,767
3,303
679
2,450
6,715
5,612
7,457
13,983
226,286
226,286
2024
£
11,649
2,334
13,983
2024
£
11,649
916		 2023
£
152,241
4,493
5,978
5,241
4,237
26,584
2,950
681
13,441
637
10,019
6,260
14,411
247,173
247,173
2023
£
13,517
894
14,411
2023
£
13,517
4,493

None of the Trustees (or any persons connected with them) received any remuneration during the year (2023: £Nil). Reimbursed travel expenses totaled £554 (2023: £636) relating to 4 Trustees (2023: 3).

HEART OF GLASS ST HELENS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

9 Employees

The average monthly number of employees during the year was:

Administration
Service delivery
Total
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
Number
3
11
14
2024
£
431,446
43,020
11,149
485,615		 2023
Number
5
11
16
2023
£
410,147
36,892
10,482
457,521
The number of employees whose annual remuneration was more than £60,000 is as
follows:
£60,001 to £70,000
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
Aggregate compensation		 2024
Number
1
2024
£
193,589		 2023
Number
1
2023
£
189,574

The charity considers its key management personnel to comprise the Director, Deputy Director, Head of Finance and Operations, Head of Programme, and Head of Marketing & Communications.

10 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable activities.

HEART OF GLASS ST HELENS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

11
Tangible fixed assets
Fixtures and
fittings
£
Cost
At 1 April 2023
13,252
Additions
-
At 31 March 2024
13,252
Depreciation and impairment
At 1 April 2023
13,252
Depreciation charged in the year
-
At 31 March 2024
13,252
Carrying amount
At 31 March 2024
-
At 31 March 2023
-
12
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
13
Creditors: amounts falling due within one year
Notes
Deferred income
14
Trade creditors
Accruals		 Computers
£
31,807
4,995
36,802
30,084
916
31,000
5,802
1,723
2024
£
42,100
319
3,516
45,935
2024
£
18,700
5,823
18,865
43,388		 Total
£
45,059
4,995
50,054
43,336
916
44,252
5,802
1,723
2023
£
233
-
248
481
2023
£
2,000
12,415
15,861
30,276

HEART OF GLASS ST HELENS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

14
Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2023
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2024
15
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2024
£
18,700
2024
£
18,700
2,000
(2,000)
18,700
18,700
2024
£
11,149		 2023
£
2,000
2023
£
2,000
-
-
2,000
2,000
2023
£
10,482

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

HEART OF GLASS ST HELENS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

16 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 April 2022 resources expended 1 April 2023 resources expended 31 March 2024
£ £ £ £ £ £ £
Arts Council England - Creative People and Places - 383,652 (339,792) 43,860 335,582 (316,176) 63,266
Torus Foundation - CPP3 12,682 5,000 (17,682) - - - -
National Lottery Community Fund - CPP3 4,800 - (4,800) - - - -
Homotopia - 1,000 (1,000) - 5,000 (5,000) -
SHMBC - Culture Hub CPP3 5,000 - (5,000) - 1,500 (1,500) -
National Lottery Heritage Fund - Strong Woman - - - - 47,999 (47,999) -
Jerwood Arts - Writer in Residence - 732 (732) - - - -
For Housing Limited - - - - 26,900 (26,900) -
Esmee Fairbairn Foundation 9,875 63,800 (73,675) - - - -
Donated services - 11,347 (11,347) - 25,800 (25,800) -
Other - 1,465 (1,465) - 2,139 (2,139) -
British Council Malaysia - 6,400 (5,600) 800 1,600 (2,400) -
KMBC - Halewood Parks Project Fund - - - - 20,000 (20,000) -
Knowsley Metropolitan Borough Council - 20,000 (20,000) - 20,650 (20,650) -
Torus - Time for Tea 1,500 - (1,500) - - - -
33,857 493,396 (482,593) 44,660 487,170 (468,564) 63,266

HEART OF GLASS ST HELENS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

16 Restricted funds

(Continued)

Arts Council England - Creative People and Places

Supported by a local consortium we deliver the Creative People and Places programme in St Helens undertaking a series of residencies and commissions with local community groups to build arts engaged audiences in the town and to embed arts and arts-led commissioning in the borough’s strategic decision-making.

Torus Foundation - CPP3

Working in partnership with Torus we commissioned several internationally renowned artists to work with communities within Parr, St Helens, to activate their shared spaces and landscapes with striking new murals.

National Lottery Community Fund - CPP3

Working with artist Rudy Loewe and communities of people who were shielding during the pandemic, the group will create a new piece of art in the form of a ‘bus wrap’ to be exhibited on a local bus in St Helens.

Homotopia

Artist Emma Colbert has worked with the local LGBTQ+ community in St Helens to create a ‘bus wrap’ that celebrates their identity.

SHMBC - Culture Hub CPP3

Working in partnership with Culture Hubs we commissioned several internationally renowned artists to work with communities within Parr, St Helens, to activate their shared spaces and landscapes with striking new murals.

National Lottery Heritage Fund - Strong Woman

Year 1 £47,999 of new funding from National Lottery Heritage Fund over 2 years totalling £95,998 awarded to work with communities across St Helens and Knowsley. Artist Carrie Reichardt and local residents have worked together to celebrate the untold stories of women from across the boroughs through workshops, schools resources and the creation of 2 public artworks

Jerwood Arts - Writer in Residence

We were chosen as a Host Organisation in the Weston Jerwood Creative Bursaries 2020-22 (WJCB) which was delivered by Jerwood Arts along with People Make It Work, to support early career practitioners. Through the programme our Writers in Residence were able to access training, coaching and a network of other bursary recipients.

Donation in kind

St Helens provide a donation in kind via the free use office space in Haydock Street.

HEART OF GLASS ST HELENS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

16 Restricted funds

(Continued)

ForHousing Limited

ForHousing Limited worked in partnership with the Arts Council England to fundraise £26k for the Stockbridge Mural Project. This project will build on the work of understanding our community by offering workshops to tenants who we may not already work with

Esmee Fairbairn Foundation

Following the growth in our criticality programme and conversations within the sector we have received funding to engage an experienced consultant to test feasibility of a membership offer and create a professional development programme for stakeholders working nationally in social arts practice.

British Council Malaysia - Commissions Programme

Supported by the British Council, we have developed a new artist led research commission with the Artist Youngsook ChoI, exploring ecological grief and sites on ecological destruction locally in the Northwest of England and Internationally. British Council support particularly assisted the international travel aspect of the project which has seen us forge relationships with communities and organisations in Malaysia as part of a three year research and development project which will culminate in the presentation of a new artwork.

KMBC - Halewood Parks Project Fund

Working in partnership with Knowsley Council we created a new sculpture trail in Halewood Triangle Park with artist Francis Disley and local residents, as part of the Council's Every Town and Village Tells Its Story programme, made possible with the National Lottery Heritage Fund.

Knowsley Metropolitan Borough Council

We received £20,000 from Knowsley Borough Council to develop new work as part of their Arts & Cultural neighbourhoods programme to develop work with artists and communities in Halewood - a ward of Knowsley. The focus of this work is artist support, community consultation and public engagement and forms part of their ambitions to develop and support work through their cultural programme in towns and villages across the borough.

Torus - Time for Tea

Following the Madlove Take Over in November 2019 we received funds from Torus Housing to support ongoing work with the participants from Clock Face in St Helens who collaboratively created a tea blend as part of the festival.

HEART OF GLASS ST HELENS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

17 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2023 Incoming Resources Transfers At 31 March
resources expended 2024
£ £ £ £ £
Arts Council England - NPO 123,376 - (24,668) 26,466 125,174
General funds 144,237 479,726 (448,891) (26,466) 148,606
267,613 479,726 (473,559) - 273,780
Previous year: At 1 April 2022 Incoming Resources Transfers At 31 March
resources expended 2023
£ £ £ £ £
Arts Council England - NPO 119,179 - - 4,197 123,376
Esme Fairbairn 4,833 - (4,833) - -
Staffing 29,475 - - (29,475) -
Street Hunt Book Sales 128 - (128) - -
General funds 127,037 370,562 (378,640) 25,278 144,237
280,652 370,562 (383,601) - 267,613

The trustees have set aside the sum of £98,708 (2023: £123,376) for the purpose of programme delivery in 2024/25.

18 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 31 March 2024:
Tangible assets
5,802
-
Current assets/(liabilities)
267,978
63,266
273,780
63,266		 Total
2024
£
5,802
331,244
337,046

HEART OF GLASS ST HELENS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

18 Analysis of net assets between funds (Continued)
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 31 March 2023:
Tangible assets 1,723 - 1,723
Current assets/(liabilities) 265,890 44,660 310,550
267,613 44,660 312,273
19 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

In the opinion of the trustees there is no ultimate controlling party.

20
Cash generated from operations
Surplus/(deficit) for the year
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase)/decrease in debtors
(Decrease) in creditors
Increase in deferred income
Cash absorbed by operations
21
Analysis of changes in net funds		 2024
£
24,773
(3,919)
916
(45,454)
(3,588)
16,700
(10,572)		 2023
£
(2,236)
(1,135)
4,493
11,717
(31,566)
2,000
(16,727)

The charity had no material debt during the year.

4 December 2024

Mitchell Charlesworth (Audit) Limited 5 Temple Square Temple Street Liverpool L2 5RH

Dear Sirs

The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your audit of the charitable company’s financial statements for the year ended 31 March 2024. These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief.

General

We have fulfilled our responsibilities as trustees, as set out in the terms of your engagement letter dated 30 June 2023 under the Companies Act 2006, for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) for being satisfied that they give a true and fair view and for making accurate representations to you.

All the transactions undertaken by the charitable company have been properly reflected and recorded in the accounting records.

All the accounting records have been made available to you for the purpose of your audit. We have provided you with unrestricted access to all appropriate persons within the charitable company, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission.

The financial statements are free of material misstatements, including omissions.

The effects of uncorrected misstatements as set out in your Audit Summary Memorandum dated 29 November 2024 are immaterial both individually and in total.

Internal Control and Fraud

We acknowledge our responsibility for the design, implementation and maintenance of internal control systems to prevent and detect fraud and error, and we believe that we have appropriately fulfilled these responsibilities. We have disclosed to you the results of our assessment of the risk that the financial statements may be misstated as a result of fraud.

P a g e | 2

We have disclosed to you all instances of known or suspected fraud affecting the entity involving management, employees who have a significant role in internal control or others where fraud could have a material effect on the financial statements.

We have also disclosed to you all information in relation to allegations of fraud, or suspected fraud affecting the entity’s financial statements communicated by current or former employees, analysts, regulators or others.

Assets and Liabilities

The charitable company has satisfactory title to all assets, and there are no liens or encumbrances on the charitable company’s assets except for those that are disclosed in the notes to the financial statements.

All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate.

We have no plans or intentions that may materially alter the carrying value and, where relevant, the fair value measurements or classification of assets and liabilities reflected in the financial statements.

Accounting Estimates

The methods, data and significant assumptions used by us in making accounting estimates, and their related disclosures, are appropriate to achieve recognition, measurement and disclosure that is reasonable in the context of the applicable financial reporting framework.

Loans and Arrangements

The charitable company has not granted any advances or credits to, or made guarantees on behalf of, directors other than those disclosed in the financial statements.

Legal Claims

We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for and disclosed in the financial statements.

Laws and Regulations

We have disclosed to you all known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements.

Related Parties

Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters that require disclosure in order to comply with legislative and accounting standards requirements.

Subsequent Events

All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed.

P a g e | 3

Going Concern

We believe that the charitable company’s financial statements should be prepared on a going concern basis on the grounds that the current and future sources of funding or support will be more than adequate for the charitable company’s needs. We also confirm our plans for future action required to enable the charitable company to continue as a going concern are feasible. We have considered a period of twelve months from the date of approval of the financial statements.

We believe that no further disclosures relating to the charitable company’s ability to continue as a going concern need to be made in the financial statements.

Grants and donations

All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income.

Regulatory matters

We are not aware of any matters of material significance that should be reported to the Charity Commission.

There have been no other communications with the Charity Commission or other regulatory bodies during the year or subsequently concerning matters of non-compliance with any legal duty.

We acknowledge our legal responsibilities regarding disclosure of information to you as auditors and confirm that so far as we are aware, there is no relevant audit information needed by you in connection with preparing your audit report of which you are unaware.

Each trustee has taken all the steps that he/she ought to have taken as a trustee in order to make him/herself aware of any relevant audit information and to establish that you are aware of that information.

Yours faithfully

Signed on behalf of the Board of Trustees by:

……………………………… Joanna Rowlands Chair of the Board of Trustees