Trustees’ Annual Report for the period
Period start date 01/04/2020 Period end date 31/03/2021
Charity name: HELOA
Charity registration number: 1182953
Objectives and Activities
| SORP reference |
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|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The object of the CIO is for the public benefit to advance the education of people within the United Kingdom in such ways as the charity trustees think fit, including (without limiting the generality of the foregoing) by: ● Promoting entry to higher education ● Supporting higher education providers in the provision of information and advice services to students (both current and potential) and their families ● Providing training and knowledge sharing opportunities for higher education providers |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The period has not been a typical year for HELOA, with most of our activities usually carried out in person, and the pivot to virtual activities has been a primary focus. The Exec team initially moved to weekly meetings to ensure the organisation adapted quickly to support members and facilitate communications and reactions in the constantly changing physical, political and digital environments the pandemic created. Against this challenging backdrop, the following training and knowledge sharing events were held virtually for HELOA members: ● 3 Professional Development Conferences – all of which were fully booked with a waiting list. The first was offered to members free of charge and others at a minimal cost. They were very successful with 91% positive feedback and an increase in engagement ● 2 New Practitioners Conferences(June and October) |
| ● 4 Best Practice Webinars (April, July, October and December) ● All nine groups (representing different parts of the UK) held at least three virtual activities. These included opportunities for members to share best practice and to engage in training and professional development. A number of the regional groups have also begun or developed their mentoring schemes. Key strategic developments this year have been: ● Progressing strategic objectives and creating a comprehensive Risk Register ● Adopting name-blind elections to increase the equality in our election processes ● Establishing and strengthening relationships with a variety of partner organisations, including progressing Memorandums of Understanding with The Student Room and UCAS. |
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|---|---|---|
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | All trustees have acted in accordance with the public benefit as set out in HELOA’s constitution and in line with the guidance issued by the Charity Commission. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference |
||
|---|---|---|
| Policy on grant making | Para 1.38 | |
| Policy on social investment including program related investment |
Para 1.38 | |
| Contribution made by volunteers |
Para 1.38 | |
| Other |
Achievements and Performance
SORP reference
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | Training We had to take the difficult decision to postpone the 2021 National Conference, which is usually our biggest training event held in January, due to the pandemic. The training team instead focussed on new and different ways to engage with members with virtual events, and aimed to ensure the same level and number of training events were available. Additional Professional Development Conferences (PDCs) were developed, as well as the introduction of HELOA Best Practice Webinars. All were very successful and well received. Although our New Practitioner’s Conference had slightly decreased attendance, this can be explained by the lack of new roles available in the sector during the pandemic, and we achieved 97% good or excellent feedback. We plan to return to running mostly in-person training events from 2022 if restrictions allow. However, due to the success of virtual training, we have committed to running at least one virtual PDC per year, and will be adopting a hybrid approach to delivering most training events. Groups & Membership The majority of groups have seen an increase in attendance following the introduction of online meetings, showing that the support and guidance provided by HELOA at group level has proved invaluable this year. To ensure content from planned full-day in-person training events wasn’t lost, some groups held training sessions over a number of days or weeks instead, and introduced additional virtual sessions to chat over lunch. Although group spend was put on hold during the pandemic due to a decrease in revenue from events, groups still managed to provide a great range of activity for members, utilising expertise from across the membership and the wider sector. The Scotland and North West and Northern Ireland groups have begun an innovative mentoring scheme, which is going to prove extremely beneficial for members in supporting one another and sharing best practice. We aim to roll out the scheme to more groups during 2021. A membership survey has been undertaken to collate members’ views on HELOA and ensure their needs were being met, track engagement and identify opportunities for improvement. Partnerships Our relationships with key partners such as UCAS, Student Loans Company, The Student Room Group, IDP Connect, WonkHE, Ofqual and UniTasterDays have continued to develop over the last year. The sector |
|---|---|---|
knowledge and insight gained via these partnerships has enhanced HELOA’s ability to provide informed and relevant professional development opportunities to its members. They also give HELOA members a communication channel to have important conversations with influential higher education organisations.
Communications
HELOA has focussed on developing interesting and useful content to support our members through this time of change, and have launched new channels to support further opportunities for sharing content and networking. This has included:
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Bi-weekly HELOA digests circulated to all members sharing key information, with a refreshed template to include clear calls to action.
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The HELOA YouTube channel has been launched and a range of video content created.
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The team have continued to share additional opportunities, best practice, engagement and updates through the HELOA blog, Facebook group, Twitter, LinkedIn, Slack channel and website.
Additional information (optional)
| Additional information (optional) | Additional information (optional) | Additional information (optional) |
|---|---|---|
| You maychoose to include further statements where relevant about: | ||
| Achievements against objectives set |
Para 1.41 | Having established a new strategy we have revised our organisation objectives to ensure these are in line with our aims and values. Good progress is being made and reviewedquarterly. |
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | In the face of the Covid-19 pandemic, HELOA took immediate steps to ensure the continued financial viability of the charity. A reduction in income this year (due to no face-to-face training) has been mitigated by restrictions on in-person committee meetings and related expenses, and a freeze on all but business critical spending between April and September 2020. The committee has since endeavoured to continue making cost savings where possible and prepare contingency plans, in case pre-pandemic levels of income do not resume in May 2021 as planned. A full and comprehensive audit of our accounts was undertaken by ICA accredited accountants (Bick Accountants Ltd, reg 6846992) who found no reportable errors or risks. The organisation continues to have three dedicated finance roles (a Vice Chair(and trustee), and two managers) related to monitoring and processing the charity's finances, with additional support if needed provided by the charity's central office. The Vice Chair (Finance) also produces an annual report which is verified by our UK committee and presented at our AGM for scrutiny and acceptance. The income that is received is mainly via membership fees and through a series of managed external partnerships and sponsorship opportunities related to aforementioned CPD events and communications. All income is spent on ensuring the charity can meet its charitable objectives in supporting our members’ training and development, and investing in a supportive and compliant central office. 2020/21 Total Income: £102,210 Total Expenditure: £74,857 If further details are required we are happy to share our annual reports detailing our income and expenditure. |
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | HELOA carries an annual surplus of approximately £80,000. This is required in order to manage our outgoings, for example, the National Conference has to be paid for a month before the event takes place and we do not receive income from invoicing members for attending the event until sometime afterwards. |
| Amount of reserves held | Para 1.22 | £81,081 |
| Reasons for holding zero reserves |
Para 1.22 | Does not apply |
| Details of fund materially | Para 1.24 | Does not apply | ||
| in deficit | ||||
| Explanation of any | Para 1.23 | There are no uncertainties as the charity remains in a | ||
| uncertainties about the | strong and stable financial position. | |||
| charity continuing as a | ||||
| going concern | ||||
| Additional information (optional) | ||||
| You maychoose to include further statements where relevant about: | ||||
| The charity’s principal | ||||
| sources of funds | ||||
| (including any | ||||
| fundraising) | ||||
| Para 1.47 | ||||
| Investment policy and | ||||
| objectives including any | ||||
| social investment policy | ||||
| adopted | Para 1.46 | |||
| A description of the | ||||
| principal risks facing the | ||||
| charity | Para 1.46 | |||
| Other | ||||
Structure, Governance and Management
| Description of charity’s trusts: |
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|---|---|---|
| Type of governing document (trust deed,royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association,CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | All trustees are elected by the charity’s membership. Those standing for election are HELOA members and votes are cast by the primary contact for each member institution. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other | ||
Reference and Administrative details
| Charity name | HELOA |
|---|---|
| Other name the charity uses |
N/A |
| Registered charity number |
1182953 |
| Charity’s principal address | HELOA Office Edge Hill University St Helen’s Road Ormskirk Lancashire L39 4QP |
| Trustee name | Office (if any) | Dates acted if not for whole year Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|
| Jonathan Atkinson | UK Chair | Institutional membership January 2021 – March 2021 March 2020 – January2021 October 2020 – March 2021 March 2020 – October 2020 March 2020 – October 2020 January 2021 – March 2021 March 2020 – January 2021 December 2019 – March 2020 August 2020 – March 2021 March 2020 – August 2020 February 2021 – March 2021 March 2020 – February2021 October 2020 – March 2021 August 2020 – March 2021 March 2020 – August 2020 February 2021 – March 2021 |
| Andy Coterill | UK Vice-Chair (Communications) |
|
| Rebecca Montgomery | UK Vice-Chair (Communications) |
|
| Michelle Terrell | UK Vice-Chair(Finance) | |
| Joanna Marchant | UK Vice-Chair (Governance & Policy) |
|
| Amanda Kenningley | UK Vice-Chair (Group Development) North East Chair |
|
| Helen Walker | UK Vice-Chair (Group Development) |
|
| Steven Walsh | UK Vice-Chair (Membership and Administration) |
|
| Jack Clare | UK Vice-Chair (Partnerships) |
|
| Rebecca Hollington | UK Vice-Chair (Partnerships) |
|
| Reena Kaur | UK Vice-Chair (Training) | |
| Stephanie Jong | Anglia Chair | |
| Rachel Cox | Anglia Chair | |
| Ashleigh Hope | London Chair | |
| Rebecca Robson | London Chair | |
| Dylan Cozens | Midlands Chair | |
| Jennifer Barton | North East Chair | |
| Chris Mullen | North West and Northern Ireland Chair |
|
| Grant Cullen | Scotland Chair | |
| Ali Clark | Scotland Chair | |
| Steph Coogans | South East Chair | |
| Rebecca Oliver | South West Chair | |
| Andy Jackson | Wales Chair/Cadeirydd Cymru |
Wales Chair/Cadeirydd Cymru
Rebecca Bowen
March 2020 – February 2021
Corporate trustees – names of the directors at the date the report was approved
Director name Does not apply
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year Does not apply
Funds held as custodian trustees on behalf of others
| Description of the assets held in this capacity |
Does not apply |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
Does not apply |
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
Does not apply |
Additional information (optional)
Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
The trustees declare that they have approved the trustees report above. Signed on behalf of the
charity’s trustees
| Full name(s) | Position | Signature(s) |
|---|---|---|
| Jonathan Atkinson | UK Chair | |
| Kate Filimon-Rice | UK Vice Chair (Governance & Policy) |
Date
27.01.2022
HEL@A HELOA Flnancial Statomonts For the year ended 31 March 2021
HELOA Contents page HEL@A Page Administration information Trustees Report Audit Report Statement of Financial Activities Balance Sheet 10 Notes to the accounts 11-13
HELOA General Information For tho year ended 31 March 2021 HEL@A Charlty registration number 1182953 Company number CE017172 Trustees M Terrell R Kaur S Walsh A Cotterill J Clare J Marchant A Kenningley S Jong A Hope D Cozens J Barton C Mullen G Cullen S Coogans R Oliver A Jackson Vice Chair (Finance) Vice Chair (Training) Vice Chair (Memberships & Admin) Vice Chair (Comms) Vice Chair (Partnerships) Vice Chair (Governance & Policy) Vice Chair (Group Development) Anglia Group Chair London Group Chair Midlands Group Chair North East Group Chair North West & Nl Group Chair Scotland Group Chair South East Group Chair South West Group Chair Wales Group Chair Chair J AU<inson Registered Office Edge Hill University St. Helens Road Ormskirk L39 4QP Audttor Bick Accountants Ltd 52 Longbrook Street Exeter EX4 6AH Bank Barclays Bank UK PLC 1 Churchill Place London E14 5HP Page 1
HELOA Trustees Report For the year ended 31 March 2021 HEL@A The Trustees present their report and audited financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of the Statement of Recommended Practi ISORPI "Accounting and Reporting by Charities" in preparing the annual report and financial ststements of the charity. The financial statements have been prepared in accordance with the accounting policies sel out in notes lo the accounts and comply with the charity's governing document, the Charities Act 2011 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 published in October 2019. Charlty registration number Company number 1182953 CE017172 Princlple officg Edge Hill University st. Helens Road Ormskirk L39 4QP Trustees of the charlty The ITUStees who have served during the year and since the year end were as follows.. J Atkinson - Chair M Terrell R Kaur S Walsh R Montgomery A Cotterill R Hollington J Clare J Marchanl H Walker A Kenningley Rcox S Jong R Robson A Hope D Cozens A Kenningley J Barton C Mullen A Clark G Cullen S Coogans R Oliver R Bowen A Jackson Chair Vice Chair (Finance) Vice Chair {Training} Vice Chair {Memberships & Admin) Vice Chair IComms} Vice Chair Icommsl Vlce Chair (Patherships) Vice Chair (Partnerships) Vice Chair (Governance & Policy) Vice Chair (Group Development) Resigned August 2020 Vice Chair (Group Development) Appointed August 2020 Anglia Group Chair Resigned February 2021 Anglia Group Chair Appointed April 2021 London Group Chair Resigned February 2021 London Group Chair Appointed February 2021 Midlands Group Chair North East Group Chair North East Group Chair North West & Nl Group Chair Scotland Group Chair Scotland Group Chair South East Group Chair South West Group Chair Wales Group Chair Wales Group Chair Appointed January 2020 Resigned January 2021 Appointed January 2021 Resigned January 2021 Appointed January 2021 Resigned August 2020 Appointed August 2020 Resigned July 2020 Appointed July 2020 Resigned January 2021 Appointed January 2021 Page 2
HEL@A Objectlves and activities HELOA'S main purpose is to support prospective students lo access higher education. thereby advancing education in all subjects offered al degree level. HELOA provides training and development opportunities lo ils higher education institution members and, through its events and newsletter, act as a noknrk for sharing best practice. Mlsslon We are a professional Higher Education association, providing a public Servi by." Supporting our members lo help students make informed decisions,. Developing opportunities to enable our members to excel in their careers., Providing a forum for sector-1eVant bodies and our members to interact,. Representing the values of our members to a wider audience. Vlslon Our members are and will be professional, passionate and engaged advocates for higher education, helping potential students make an informed decision about their future in education by providing high-quality information, advice andlor guidance. Values Every potenttal student has the right lo make informed decisions about their future,. Higher Education providers musl support those students with the ability lo participale lo gain access to their courses. Our members are key stakeholders in informing potential students about their higher education options,. We are a democratic, member-led association with a ¢ommitment to engaging and developing our membership through a neOrk of national and regional Groups.. The sharing and celebrats'on of best practice for providing high-quality information, advice, and guidance is Core lo our Sucss. Stakeholders, such as parent5, teachers, and careers advisors. are better able to help potents'al students if they are themselves better informed about h)gher education options Public benefit statement The trustees have had regard to the Charity Commissions guidance on public benefit. Main activities undertaken to further the charity's purposes for the public benefit Provide seclor-leading training and best-praclice sharing opportunities for our members- Work with Ihird-party organisations lo develop meaningful partnerships.. Strate icRe ort Achievernents and Performan¢o strategic prioritie$ 2018 to 2020 lexlended lo 2021 due to the Covld-19 pandemic.) 1.Develop a solid and lasting foundation for the Association.. 2. Provide sector-leading training and best-practice sharing opportunities for our members,. 3. Work with third-paty organisations to develop rneaningful partnerships.. 4. Engage with and learn from our members to improve our relevance and purpose,. 5. Raise Ihe profile of our members, our sector, and our Association. Update on Strateglc priorities.. 1. HELOA has become a registered charity with the CIO in England and Wales and the Scottish Charity commission, and is on the waiting list for the Northern Irish charity commission. 2. As a consequence of the COVID-19 pandemic HELOA has SUSFended face to face training events from March 2020 to September 2021. however this has facilitated the opportunity to launch online events. 3. The Partnerships team are working to strengthen our existing partnerships and develop new opportunrties. A new partnership has been sel up with The Student Room. Page 3
HEL@A Financial Review This year has been a Challenging period for everyone. In the face of the Covid-19 pandemic, the HELOA Finance team have constantly reviewed our financial position, and with the support of the UK Committee, took immediate steps to ensure the continued financial viability of the association, includlng continued funding of our office al Edge Hill University. There has been an inevitable reduction of income this year due to there being no face-to-face training conferences and reduced opportunities for sponsorship. This has,. however, been mitigated by restrietions on in- person committee meetings and related expenses and a freeze on all but business critical spending was put in place from April to September 2020. Since then, the committee have endeavoured to continue making cost savings wherever possible. It is hoped that faCe-tface activities will resume from May 2021 and that our inwme and expenditure will return to pre-pandemic levels. However. in order lo ensure the continued financial viability of the association,. it is necessary to prepare contingency plans. In the event that restrictions remain in place and prevent a return to face-to-fa training events for 2021, the consequent projected reduction of income from training events and partnerships would be mitigated by continuing lo restrict UKC travel and through a reduction of 20. in group budgets.. however, it is assumed that in such circumstances group meetings would be likely lo remain virtual and therefore no ¢05ts associated with catering would be incurred. Despite the rising operating costs of the association. there has been no increase to the membership subscription fees since 2016. In order lo ensure that our income continues lo match projected expenditure, the Vice Chair (Finance) proposed that membership subsuipts'on fees for 2021122 be increased by 15°A. This would enable us to invest in the continued development of our training provision and further projects going forward. Furthermore, this would Secu a stable financial situation for the coming years whilst maintaining the urrenl operating surplus. The proposal was discussed at the AGM in January 2021. however after raising concerns in relation to the financial impact of the covid-19 pandemic on member insb'tulions, members voted against the proposal. Consequently, there will be no increase to the membership fees for 2021, however an amended proposal wll be brought to the AGM in January 2022. ReseNes Pollcy HELOA carries reserves of approximatety £80.000. This is required in order to manage our outgoings. for example, the National Conference has to be paid for a month before the event takes ptace and we do not receive the income from invoicing members for attending the event until sometime afterwards. Structure, Governance and Management The Charity is a Charitable Incorporated Organisation (CIO) with an association governing document. This was registered on 12 April 2019. The HELOA trustees comprise the UK Executive Committee (Chair and 7 Vice Chairs) and the Chairs of the nine HELOA Regional groups. Each post has a term of the years. When a post becomes vacant, the membership are invited to sland for election to post. Member institutions receive a copy of the supporting statement from each Gandidale and the primary contact from each member institution is invited lo vole on behalf of their Institution. Trusteos Responsibillties The trustees are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Unrted Kingdom Generally A¢pted Accounting Practice). Page 4
HEL(•A The law applicable to charities in England and Wales requires the trustees to prepare the financi81 statements for each financial year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to.. Select sustable accounts'ng policies and then apply them consistently", observe the methods and principles in the Charities SORP 2019 IFRS 1021., make judgements and estimates that are reasonable and prudent., stale whether applicable accounting standards have been foll¢)wed, subject to any material dePartUS disclosed and explained in the financial stslemenls.. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will conts.nue in operation. The Iruslees are responsible for keeping proper accounting records th81 disclose with reasonable accuracy at any b'me the financi81 position of the charity and enable them lo ensure that the financial statements comply with the Charities Act 2011. the Charities {Accounts and Reports) Regulations 2008, and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Iruslees are responsible for the maintenance and integrity of the charity and financial information included on the charitys website_ Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from tegislation in otherjurisdictions. J Atkinson - Chair 17 September 2021 Date Page S
Independent Auditor's Report to the Trustees of HELOA Opinion We have audited the financial statements of HELOA (the 'ch8rity'l for the year ended 31 March 2021 which comprise Statement of Financial Activities, Balance Sheet and notes to the financial slalemenls, including a summary of significant accounting policies. The financial reporbng 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 practi). In our opinion the financial slatemenls.. give a true and fair view of the stale of the charity's affairs as at 31 March 2021, and of its incoming resources and application of resources, for the year then ended,. have been properly prepared in accordance with United lQ'ngdom Generally Accepted Accounting pra1,. and have been prepared in a¢cordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with Intemallonal Standards on Auditing IUKI IISAS IUKI} 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 lo our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical resFX)nsibililies in accordan 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 Vve have nothing to report in respect of the following matters in relation to which the ISAS IUKI require us to report to you where.. the trustees, use of the going concern basis of accounting in the preparation of the financial statements is not appropriate-, or the trustees have not disclosed in the financi818tatements any identified material nrtaIntIeS that may cast significant doubt about the charity's ability lo continue to adopt the going concern basis of accounting for a period of at least tsvelve months from the dale when the financial statement5 are aulhorised for issue. other informatlon The ttuslees are responsible for the other information. The other information comprises the information included in the trustees, annual report. other than the financial statements and our auditols report thereon. Our opinion on the financial slalements does not cover the other infomialion and. except to the extent othermse expliciuy stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other information and, in doing so. consider whether the other information is materially inconsislenl wlh the financial statements or our knowledge obtained in 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 there is a material misstatement in the financial statements or a material misstalemenl of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this Qther information, we are required to report that fact. We have nothing to report in this regard. Page 6
Matters on which we are required to pOrt by exception We have nothing to report in respect ot the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion.. the information given in the financial statements is inconsistent in any material respect wth the trustees, report," or sufficient accounting records have not been kept.. or the financial statements are not in agreement with the accounting records., or ' we have not received all the information and explanations we require for our audit Responsibilities of trustees As explained more fully in the trustees. responsibilities statement Isel out on page 41, the trustees are responsible for the preparation of financial statements which give a true and fair view. and for such internal control as the trustees determine is necessary lo enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial stalemenls, the Iruslees are responsible for assessing the charity's ability lo continue as a going con¢ern, disclosing. as applicable, matters related lo going concern and using the going concern basis of accounting unless the Iruslees either intend lo liquidate the charity or to cease operations. or have no realistic alternative but lo do so. Auditofs responslbilitles for the audit of the financlal statements We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. Our objectives are lo obtain reasonable assurance about whether the financial slalements as a whole are free from material misslatemenl, whether due to fraud or error, and to issue an auditols 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. Misslatemenls can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected lo influer)ce the economic decisions of users taken on the basis of these financial slalements. Irregulariles. including fraud, are instances of non-compliance with laws and requlations. We design procedures in line with our responsibililes, outlined above, lo delecl material misstatements in respect of irregularitues, including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below.. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements. as we will be less likely lo become aware of instan$ of non-compliance. The risk is also greater regarding irregulariless occuring due lo fraud rather than error, as frnud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website atr www.frc.org.ukjaudttorsresponsibilities. This des¢ription forms part of our auditor's report. Page 7
Use of our report This report is made solely lo the charity's trustees, as a by, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale lo the charity's Iruslees those matters we are required lo stale to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charity and the charity's Iruslees as a body, for our audit work. for this report, or for the opinions we have formed. John Bick FCCA For and on behalf of Bick Accountants Ltd Chartered Accountants 52 Longbrook Street EXETER EX4 6AH Dale.. 21 September 2021 Page 8
HELOA statement ot Financlal Activities Forthe year ended 31 March 2021 HEL(•A 2021 2020 Unrestrlcted Restricted funds funds Totsl Total INCOME Note SUBSCRIPTIONS 86,357 86,357 88,854 ANNUAL CONFERENCE 450 450 103,669 TRAINING COURSES New Pracb'tioners & PD 11,320 11,320 47.110 MISCELLANEOUS Bank Interest Miscellaneous 10 1,474 33 33 PARTNERSHIPS 4.050 4.050 18,351 TOTAL INCOME 102.210 102,210 259.468 EXPENDITURE UK COMMITTEE Travel and Subsistence 957 957 24.817 HELOA OFFICE Operating Costs Depreciation 61,363 580 61.363 580 54,038 579 ANNUAL CONFERENCE 2,806 2.806 109,463 TRAINING COURSES 697 697 35,107 GROUP SUPPORT 3,315 3,315 23,799 MISCELLANEOUS Audit Fee Legal and professional Bank charges Other 2,040 2,340 59 700 2.040 2.340 59 700 1.980 8,315 73 83 TOTAL EXPENDITURE 74,857 74.857 258,253 Net income for the year Total funds brought for4vard 81,081 81.081 79,866 Totsl fund$ ¢arried forward 108 434 108 434 Page 9
HELOA
Balance Sheet For the year ended 31 March 2021
HEL<i'A
| Fixed assets Tangible assets Current assets Trade debtors Prepayments and accrued income Cash at bank Creditors:Amounts falling due within one year Net current assets Net assets Represented by Unrestricted funds Restricted funds Total funds of the Charity Note 7 8 8 9 |
2021 £ £ 579 3,399 11,161 107,380 121,940 (14,085) 107,855 108,34 108,434 108,34 |
2021 £ £ 579 3,399 11,161 107,380 121,940 (14,085) 107,855 108,34 108,434 108,34 |
2020 £ 14,339 9,047 82,818 106,204 (26,282) |
2020 £ 14,339 9,047 82,818 106,204 (26,282) |
£ 1,159 |
|---|---|---|---|---|---|
| 79,922 81,081 81,081 81,081 |
|||||
Approved by the Trustees on17 September 2021 and signed on their behalf by
J Atkinson, Chair j �
M Terrell, Vice-Chair (Finance)
MTerrell
Page 10
HELOA Notgs to the accounts For the year end•d 31 MaT¢h 2021 HEL@A 1) Summary of significant accounting policies a) Basls of preparatlon The financial statements have been prepared in accordance with the Charities SORP FRS 102 applicable lo charities preparing their accounts in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, the Companies Act 2006 and UK Generally ACpIed Practice as it applies from 1 January 2019. The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant aceounling policy note. The financial statements are presented in pound slerfing 1£) and rounded to the nearest pound 1£). bl Income recognition Income is recognised in the Slalemenl of Finaneial Activities ISoFA} when the charity becomes enlilled to the resources. it is more likely than not that the trustees will re1ve the resources, and the monetary value can be measured with sufficient reliability. cl Expendlture recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregalo all costs related lo th$ category. Expenditure is COgnised where there is a legal or constructive obligation lo make payments lo third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. dl Tangibl¢ fixed assets Tangible fixed assets are ststed al cost less accumulated depTe¢ialion and accumulated impairment bsses. Cost includes costs directly allribulable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets. at rates calculated lo write off the cost. less estimated residual value, of each asset on a systematic basis over it5 expected useful life as follows.. Compuler equipment- 33.30A straight line method el Debtors and creditors receivablelpayablo within ona year Debtors and creditors wrth no staled interest rate and receivable or payable wllhin one year are recorded at transaction price. Any losses arising from impairment are reeognised in expenditure. f) Going concern The financial statements have been prepared on a going concern b88lS 88 the tru8tee8 believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from aulhorising these financial statement. The budgeted income and expenditure is sufficient with the level of reserves for the charity lo be able lo continue as a going concern. Page11
HELOA Notes to the accounts Forthe year ended 31 March 2021 HEL(•A 2) Incoming resources 2021 2020 Subscriptions Annul Conference Tiaining Courses - New Practitioners & Professional Development Other Partnerships Total income before investments 86.357 450 11.320 33 4,050 102 210 88,854 103,669 47,110 1,474 18,351 259 458 3) Investment income 2021 2020 Bank interest 10 10 41 Auditors Muneration 2021 2020 Non-statutory audit Other financial services soare support 2,040 2,040 300 2,280 1.980 300 51 Trustee remuneratlon No trustees were paid any remuneration or benefits from employment directly or through a related entity during the year. 6) Trustee expenses No expenses were incurred by Trustees to be reimbursed during the year due to Covid-19 {2020 £6,373). The majority of these expenses related lo the reimbursement of travel, subsistence and stationary costs. 71 Tangible fixed assets Computer equlpment Tolal Cogt At 1 April 2020 Additions At 31 March 2021 Depreelatlon Al 1 April 2020 Charge for the year Al 31 March 2021 Net Book Value Al 31 March 2021 At 31 March 2020 1738 1738 1738 1738 579 580 1159 579 580 1159 579 1159 579 1159 Page 12
HELOA Notes to the accounts For the year ended 31 March 2021 HEL@A 8) Debtors and prepayments 2021 2020 Debtors Prepayments Accrued income 3,399 10,000 1,161 14,339 3,372 S,675 23 386 9) Credltors: Amounts falling due within one year 2021 2020 Accounts payable Ac¢ruals 8,329 17,953 14,080 101 Related party transactlons There were no related paty transactions during the year, other than trustee expenses, disclosed in note 612020 - £nill Page 13
HEL@A HELOA Flnancial Statomonts For the year ended 31 March 2021
HELOA Contents page HEL@A Page Administration information Trustees Report Audit Report Statement of Financial Activities Balance Sheet 10 Notes to the accounts 11-13
HELOA General Information For tho year ended 31 March 2021 HEL@A Charlty registration number 1182953 Company number CE017172 Trustees M Terrell R Kaur S Walsh A Cotterill J Clare J Marchant A Kenningley S Jong A Hope D Cozens J Barton C Mullen G Cullen S Coogans R Oliver A Jackson Vice Chair (Finance) Vice Chair (Training) Vice Chair (Memberships & Admin) Vice Chair (Comms) Vice Chair (Partnerships) Vice Chair (Governance & Policy) Vice Chair (Group Development) Anglia Group Chair London Group Chair Midlands Group Chair North East Group Chair North West & Nl Group Chair Scotland Group Chair South East Group Chair South West Group Chair Wales Group Chair Chair J AU<inson Registered Office Edge Hill University St. Helens Road Ormskirk L39 4QP Audttor Bick Accountants Ltd 52 Longbrook Street Exeter EX4 6AH Bank Barclays Bank UK PLC 1 Churchill Place London E14 5HP Page 1
HELOA Trustees Report For the year ended 31 March 2021 HEL@A The Trustees present their report and audited financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of the Statement of Recommended Practi ISORPI "Accounting and Reporting by Charities" in preparing the annual report and financial ststements of the charity. The financial statements have been prepared in accordance with the accounting policies sel out in notes lo the accounts and comply with the charity's governing document, the Charities Act 2011 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 published in October 2019. Charlty registration number Company number 1182953 CE017172 Princlple officg Edge Hill University st. Helens Road Ormskirk L39 4QP Trustees of the charlty The ITUStees who have served during the year and since the year end were as follows.. J Atkinson - Chair M Terrell R Kaur S Walsh R Montgomery A Cotterill R Hollington J Clare J Marchanl H Walker A Kenningley Rcox S Jong R Robson A Hope D Cozens A Kenningley J Barton C Mullen A Clark G Cullen S Coogans R Oliver R Bowen A Jackson Chair Vice Chair (Finance) Vice Chair {Training} Vice Chair {Memberships & Admin) Vice Chair IComms} Vice Chair Icommsl Vlce Chair (Patherships) Vice Chair (Partnerships) Vice Chair (Governance & Policy) Vice Chair (Group Development) Resigned August 2020 Vice Chair (Group Development) Appointed August 2020 Anglia Group Chair Resigned February 2021 Anglia Group Chair Appointed April 2021 London Group Chair Resigned February 2021 London Group Chair Appointed February 2021 Midlands Group Chair North East Group Chair North East Group Chair North West & Nl Group Chair Scotland Group Chair Scotland Group Chair South East Group Chair South West Group Chair Wales Group Chair Wales Group Chair Appointed January 2020 Resigned January 2021 Appointed January 2021 Resigned January 2021 Appointed January 2021 Resigned August 2020 Appointed August 2020 Resigned July 2020 Appointed July 2020 Resigned January 2021 Appointed January 2021 Page 2
HEL@A Objectlves and activities HELOA'S main purpose is to support prospective students lo access higher education. thereby advancing education in all subjects offered al degree level. HELOA provides training and development opportunities lo ils higher education institution members and, through its events and newsletter, act as a noknrk for sharing best practice. Mlsslon We are a professional Higher Education association, providing a public Servi by." Supporting our members lo help students make informed decisions,. Developing opportunities to enable our members to excel in their careers., Providing a forum for sector-1eVant bodies and our members to interact,. Representing the values of our members to a wider audience. Vlslon Our members are and will be professional, passionate and engaged advocates for higher education, helping potential students make an informed decision about their future in education by providing high-quality information, advice andlor guidance. Values Every potenttal student has the right lo make informed decisions about their future,. Higher Education providers musl support those students with the ability lo participale lo gain access to their courses. Our members are key stakeholders in informing potential students about their higher education options,. We are a democratic, member-led association with a ¢ommitment to engaging and developing our membership through a neOrk of national and regional Groups.. The sharing and celebrats'on of best practice for providing high-quality information, advice, and guidance is Core lo our Sucss. Stakeholders, such as parent5, teachers, and careers advisors. are better able to help potents'al students if they are themselves better informed about h)gher education options Public benefit statement The trustees have had regard to the Charity Commissions guidance on public benefit. Main activities undertaken to further the charity's purposes for the public benefit Provide seclor-leading training and best-praclice sharing opportunities for our members- Work with Ihird-party organisations lo develop meaningful partnerships.. Strate icRe ort Achievernents and Performan¢o strategic prioritie$ 2018 to 2020 lexlended lo 2021 due to the Covld-19 pandemic.) 1.Develop a solid and lasting foundation for the Association.. 2. Provide sector-leading training and best-practice sharing opportunities for our members,. 3. Work with third-paty organisations to develop rneaningful partnerships.. 4. Engage with and learn from our members to improve our relevance and purpose,. 5. Raise Ihe profile of our members, our sector, and our Association. Update on Strateglc priorities.. 1. HELOA has become a registered charity with the CIO in England and Wales and the Scottish Charity commission, and is on the waiting list for the Northern Irish charity commission. 2. As a consequence of the COVID-19 pandemic HELOA has SUSFended face to face training events from March 2020 to September 2021. however this has facilitated the opportunity to launch online events. 3. The Partnerships team are working to strengthen our existing partnerships and develop new opportunrties. A new partnership has been sel up with The Student Room. Page 3
HEL@A Financial Review This year has been a Challenging period for everyone. In the face of the Covid-19 pandemic, the HELOA Finance team have constantly reviewed our financial position, and with the support of the UK Committee, took immediate steps to ensure the continued financial viability of the association, includlng continued funding of our office al Edge Hill University. There has been an inevitable reduction of income this year due to there being no face-to-face training conferences and reduced opportunities for sponsorship. This has,. however, been mitigated by restrietions on in- person committee meetings and related expenses and a freeze on all but business critical spending was put in place from April to September 2020. Since then, the committee have endeavoured to continue making cost savings wherever possible. It is hoped that faCe-tface activities will resume from May 2021 and that our inwme and expenditure will return to pre-pandemic levels. However. in order lo ensure the continued financial viability of the association,. it is necessary to prepare contingency plans. In the event that restrictions remain in place and prevent a return to face-to-fa training events for 2021, the consequent projected reduction of income from training events and partnerships would be mitigated by continuing lo restrict UKC travel and through a reduction of 20. in group budgets.. however, it is assumed that in such circumstances group meetings would be likely lo remain virtual and therefore no ¢05ts associated with catering would be incurred. Despite the rising operating costs of the association. there has been no increase to the membership subscription fees since 2016. In order lo ensure that our income continues lo match projected expenditure, the Vice Chair (Finance) proposed that membership subsuipts'on fees for 2021122 be increased by 15°A. This would enable us to invest in the continued development of our training provision and further projects going forward. Furthermore, this would Secu a stable financial situation for the coming years whilst maintaining the urrenl operating surplus. The proposal was discussed at the AGM in January 2021. however after raising concerns in relation to the financial impact of the covid-19 pandemic on member insb'tulions, members voted against the proposal. Consequently, there will be no increase to the membership fees for 2021, however an amended proposal wll be brought to the AGM in January 2022. ReseNes Pollcy HELOA carries reserves of approximatety £80.000. This is required in order to manage our outgoings. for example, the National Conference has to be paid for a month before the event takes ptace and we do not receive the income from invoicing members for attending the event until sometime afterwards. Structure, Governance and Management The Charity is a Charitable Incorporated Organisation (CIO) with an association governing document. This was registered on 12 April 2019. The HELOA trustees comprise the UK Executive Committee (Chair and 7 Vice Chairs) and the Chairs of the nine HELOA Regional groups. Each post has a term of the years. When a post becomes vacant, the membership are invited to sland for election to post. Member institutions receive a copy of the supporting statement from each Gandidale and the primary contact from each member institution is invited lo vole on behalf of their Institution. Trusteos Responsibillties The trustees are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Unrted Kingdom Generally A¢pted Accounting Practice). Page 4
HEL(•A The law applicable to charities in England and Wales requires the trustees to prepare the financi81 statements for each financial year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to.. Select sustable accounts'ng policies and then apply them consistently", observe the methods and principles in the Charities SORP 2019 IFRS 1021., make judgements and estimates that are reasonable and prudent., stale whether applicable accounting standards have been foll¢)wed, subject to any material dePartUS disclosed and explained in the financial stslemenls.. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will conts.nue in operation. The Iruslees are responsible for keeping proper accounting records th81 disclose with reasonable accuracy at any b'me the financi81 position of the charity and enable them lo ensure that the financial statements comply with the Charities Act 2011. the Charities {Accounts and Reports) Regulations 2008, and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Iruslees are responsible for the maintenance and integrity of the charity and financial information included on the charitys website_ Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from tegislation in otherjurisdictions. J Atkinson - Chair 17 September 2021 Date Page S
Independent Auditor's Report to the Trustees of HELOA Opinion We have audited the financial statements of HELOA (the 'ch8rity'l for the year ended 31 March 2021 which comprise Statement of Financial Activities, Balance Sheet and notes to the financial slalemenls, including a summary of significant accounting policies. The financial reporbng 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 practi). In our opinion the financial slatemenls.. give a true and fair view of the stale of the charity's affairs as at 31 March 2021, and of its incoming resources and application of resources, for the year then ended,. have been properly prepared in accordance with United lQ'ngdom Generally Accepted Accounting pra1,. and have been prepared in a¢cordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with Intemallonal Standards on Auditing IUKI IISAS IUKI} 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 lo our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical resFX)nsibililies in accordan 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 Vve have nothing to report in respect of the following matters in relation to which the ISAS IUKI require us to report to you where.. the trustees, use of the going concern basis of accounting in the preparation of the financial statements is not appropriate-, or the trustees have not disclosed in the financi818tatements any identified material nrtaIntIeS that may cast significant doubt about the charity's ability lo continue to adopt the going concern basis of accounting for a period of at least tsvelve months from the dale when the financial statement5 are aulhorised for issue. other informatlon The ttuslees are responsible for the other information. The other information comprises the information included in the trustees, annual report. other than the financial statements and our auditols report thereon. Our opinion on the financial slalements does not cover the other infomialion and. except to the extent othermse expliciuy stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other information and, in doing so. consider whether the other information is materially inconsislenl wlh the financial statements or our knowledge obtained in 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 there is a material misstatement in the financial statements or a material misstalemenl of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this Qther information, we are required to report that fact. We have nothing to report in this regard. Page 6
Matters on which we are required to pOrt by exception We have nothing to report in respect ot the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion.. the information given in the financial statements is inconsistent in any material respect wth the trustees, report," or sufficient accounting records have not been kept.. or the financial statements are not in agreement with the accounting records., or ' we have not received all the information and explanations we require for our audit Responsibilities of trustees As explained more fully in the trustees. responsibilities statement Isel out on page 41, the trustees are responsible for the preparation of financial statements which give a true and fair view. and for such internal control as the trustees determine is necessary lo enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial stalemenls, the Iruslees are responsible for assessing the charity's ability lo continue as a going con¢ern, disclosing. as applicable, matters related lo going concern and using the going concern basis of accounting unless the Iruslees either intend lo liquidate the charity or to cease operations. or have no realistic alternative but lo do so. Auditofs responslbilitles for the audit of the financlal statements We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. Our objectives are lo obtain reasonable assurance about whether the financial slalements as a whole are free from material misslatemenl, whether due to fraud or error, and to issue an auditols 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. Misslatemenls can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected lo influer)ce the economic decisions of users taken on the basis of these financial slalements. Irregulariles. including fraud, are instances of non-compliance with laws and requlations. We design procedures in line with our responsibililes, outlined above, lo delecl material misstatements in respect of irregularitues, including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below.. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements. as we will be less likely lo become aware of instan$ of non-compliance. The risk is also greater regarding irregulariless occuring due lo fraud rather than error, as frnud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website atr www.frc.org.ukjaudttorsresponsibilities. This des¢ription forms part of our auditor's report. Page 7
Use of our report This report is made solely lo the charity's trustees, as a by, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale lo the charity's Iruslees those matters we are required lo stale to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charity and the charity's Iruslees as a body, for our audit work. for this report, or for the opinions we have formed. John Bick FCCA For and on behalf of Bick Accountants Ltd Chartered Accountants 52 Longbrook Street EXETER EX4 6AH Dale.. 21 September 2021 Page 8
HELOA statement ot Financlal Activities Forthe year ended 31 March 2021 HEL(•A 2021 2020 Unrestrlcted Restricted funds funds Totsl Total INCOME Note SUBSCRIPTIONS 86,357 86,357 88,854 ANNUAL CONFERENCE 450 450 103,669 TRAINING COURSES New Pracb'tioners & PD 11,320 11,320 47.110 MISCELLANEOUS Bank Interest Miscellaneous 10 1,474 33 33 PARTNERSHIPS 4.050 4.050 18,351 TOTAL INCOME 102.210 102,210 259.468 EXPENDITURE UK COMMITTEE Travel and Subsistence 957 957 24.817 HELOA OFFICE Operating Costs Depreciation 61,363 580 61.363 580 54,038 579 ANNUAL CONFERENCE 2,806 2.806 109,463 TRAINING COURSES 697 697 35,107 GROUP SUPPORT 3,315 3,315 23,799 MISCELLANEOUS Audit Fee Legal and professional Bank charges Other 2,040 2,340 59 700 2.040 2.340 59 700 1.980 8,315 73 83 TOTAL EXPENDITURE 74,857 74.857 258,253 Net income for the year Total funds brought for4vard 81,081 81.081 79,866 Totsl fund$ ¢arried forward 108 434 108 434 Page 9
HELOA
Balance Sheet For the year ended 31 March 2021
HEL<i'A
| Fixed assets Tangible assets Current assets Trade debtors Prepayments and accrued income Cash at bank Creditors:Amounts falling due within one year Net current assets Net assets Represented by Unrestricted funds Restricted funds Total funds of the Charity Note 7 8 8 9 |
2021 £ £ 579 3,399 11,161 107,380 121,940 (14,085) 107,855 108,34 108,434 108,34 |
2021 £ £ 579 3,399 11,161 107,380 121,940 (14,085) 107,855 108,34 108,434 108,34 |
2020 £ 14,339 9,047 82,818 106,204 (26,282) |
2020 £ 14,339 9,047 82,818 106,204 (26,282) |
£ 1,159 |
|---|---|---|---|---|---|
| 79,922 81,081 81,081 81,081 |
|||||
Approved by the Trustees on17 September 2021 and signed on their behalf by
J Atkinson, Chair j �
M Terrell, Vice-Chair (Finance)
MTerrell
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HELOA Notgs to the accounts For the year end•d 31 MaT¢h 2021 HEL@A 1) Summary of significant accounting policies a) Basls of preparatlon The financial statements have been prepared in accordance with the Charities SORP FRS 102 applicable lo charities preparing their accounts in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, the Companies Act 2006 and UK Generally ACpIed Practice as it applies from 1 January 2019. The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant aceounling policy note. The financial statements are presented in pound slerfing 1£) and rounded to the nearest pound 1£). bl Income recognition Income is recognised in the Slalemenl of Finaneial Activities ISoFA} when the charity becomes enlilled to the resources. it is more likely than not that the trustees will re1ve the resources, and the monetary value can be measured with sufficient reliability. cl Expendlture recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregalo all costs related lo th$ category. Expenditure is COgnised where there is a legal or constructive obligation lo make payments lo third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. dl Tangibl¢ fixed assets Tangible fixed assets are ststed al cost less accumulated depTe¢ialion and accumulated impairment bsses. Cost includes costs directly allribulable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets. at rates calculated lo write off the cost. less estimated residual value, of each asset on a systematic basis over it5 expected useful life as follows.. Compuler equipment- 33.30A straight line method el Debtors and creditors receivablelpayablo within ona year Debtors and creditors wrth no staled interest rate and receivable or payable wllhin one year are recorded at transaction price. Any losses arising from impairment are reeognised in expenditure. f) Going concern The financial statements have been prepared on a going concern b88lS 88 the tru8tee8 believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from aulhorising these financial statement. The budgeted income and expenditure is sufficient with the level of reserves for the charity lo be able lo continue as a going concern. Page11
HELOA Notes to the accounts Forthe year ended 31 March 2021 HEL(•A 2) Incoming resources 2021 2020 Subscriptions Annul Conference Tiaining Courses - New Practitioners & Professional Development Other Partnerships Total income before investments 86.357 450 11.320 33 4,050 102 210 88,854 103,669 47,110 1,474 18,351 259 458 3) Investment income 2021 2020 Bank interest 10 10 41 Auditors Muneration 2021 2020 Non-statutory audit Other financial services soare support 2,040 2,040 300 2,280 1.980 300 51 Trustee remuneratlon No trustees were paid any remuneration or benefits from employment directly or through a related entity during the year. 6) Trustee expenses No expenses were incurred by Trustees to be reimbursed during the year due to Covid-19 {2020 £6,373). The majority of these expenses related lo the reimbursement of travel, subsistence and stationary costs. 71 Tangible fixed assets Computer equlpment Tolal Cogt At 1 April 2020 Additions At 31 March 2021 Depreelatlon Al 1 April 2020 Charge for the year Al 31 March 2021 Net Book Value Al 31 March 2021 At 31 March 2020 1738 1738 1738 1738 579 580 1159 579 580 1159 579 1159 579 1159 Page 12
HELOA Notes to the accounts For the year ended 31 March 2021 HEL@A 8) Debtors and prepayments 2021 2020 Debtors Prepayments Accrued income 3,399 10,000 1,161 14,339 3,372 S,675 23 386 9) Credltors: Amounts falling due within one year 2021 2020 Accounts payable Ac¢ruals 8,329 17,953 14,080 101 Related party transactlons There were no related paty transactions during the year, other than trustee expenses, disclosed in note 612020 - £nill Page 13