HEL@A HELOA Financial Statements For tho year ended 31 March 202S
HELOA Contents page HEL@A Page Adminislralion information Trustees Report 24 Audit Report Statement of Financial Activities 10 Balance Sheet 11 Notes to the accounts 12-14
HELOA General Infomiation For the year ended 31 March 2025 HEL@A Charity registration numbe England and Wales Scotland 1182953 SC050285 Company number CE017172 Trustees C Sheridan Vice Chair {Finanacel EDay Vice Chair ITrainingl A Whitham Vice Chair {Membershi & Admin) H Goodwin Vice Chair (Comms) R Cuccia VI Chair (Partnerships) A Slater-M¢Gill Vice Chair (Governants & Policy) G Green Vice Chair (Group Development) L Nottingham Anglia Group Chair R Pickering London Group Chair B Williams Midlands Group Chair D Melcalfe North East Group Chair E Collins (Nee Lloyd-Davies North West & Nl Group Chair V Bannerman Scotland Group Chair R Jackson South East Group Chair J Lewis South West Group ChaiT B Kibble-smith Wales Group Chair Chair S Littlehales Iformerty R Kaurl Reglstered Offlce Edge Hill University Si. Helens Road Omiskirk L39 4QP Audltor 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 Mar¢h 2025 The Trustees present their report and audited financial statements of the charity for the year ended 31 March 2025. The Iruslees have adopted the provisions of the Statement of Recommended Practice {SORPI "Accounting and Reporting by Charities" in preparing the annual Teport and financial statements of the ¢harity. HEL@A The financial statements have been pPared in accordance with the accounting policies sel out in notes to the accounts and comply with the charity's governing document, the Charitses Act 2011 and Accounts'ng and Reporting by Charities.. Statement of Recommended Practice applicable lo charf(ies preparing their accounts in accordance with the Financial Reportin9 Standard applicable in the UK and Republic of Ireland published in October 2019. Chority registration number England and Wales Scotland 1182953 SC050285 Company number Prlnclpal offlce CEO17172 Edge Hill University st Helens Road Omiskirk L39 4QP Trustees of the ¢hority The trustees who have served during the year and since the year end were as follows.. Chair Vice Chair (Finance) S Littlehales {formerty R Kaur} F Curry Resigned February 2025 C Sheridan Apoinled July 2025 Vice Chair (Training) EDay Vice Chair (Memberships & Admin) A Cooper A Whilham Vice Chair (Comms) H Goodwin Vice Chair (Partnerships) R Cu¢cia Vice Chair {Goveinance & Policy) A Slaler-McGill Vice Chair {Group Development) A Jackson G Green S Jong C Sheridan Resigned July 2024 Appointed July 2024 Resigned March 2025 Appointed March 2025 Resigned November 2024 Appointed November 2024 Resigned July 2025 Appointed July 2025 Resigned May 2025 Appointed May 2025 Anglia Group Chair L Nottingham G Green R Pickering B Williams K 81emings Resigned March 2025 D Melcalfe Appointed March 2025 E Collins INee Lloyd-Daviesl C Fraser Resigned June 2024 V Bannerman Appointed June 2024 S Coogans Resigned December 2024 R Jackson Appointed January 2025 C Smith Resigned June 2025 J Lewis Appointed July 2025 L William$ Resigned November 2024 B Kibble-smilh Appointed November 2024 London Group Chair Midlands Group Chair North East Group Chair North Wesl & Nl Group Chair Scotland Group Chair South East Group Chair South West Group Chair Wales Group Chair Page 2
HEL@A Objgctivgs and actlvltle6 HELOA'S main purpose is lo 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 instibjtion members and. through ils events and newsletter, act as a neork for sharing best practice. Mls$ion We are 8 professional Higher Educatson association, providing a public service by.. Supporting our members to help students make informed decisions", Finding opportunities lo enable our members lo develop in their careers., Provide meaningful partnerships beeen sector relevant bodies and our members.. Representing the values of HELOA to a wider audience. Vision HELOA is a professional and engaged advocate for higher education. We enhance how higher education providers support potential students to make informed decisions about their futures. We support our members in providing access to high-quality information and advice servIs. HELOA works collaboratively to share best practice amongst members and provides opportunities to develop new skills. Valugs 1. Every potential higher education student has the right lo make informed decisions about their future. 2. Higher education providers must laclNely} support students from all backgrounds to access the right education and career pathway for them 3. Our members are key stakeholders in infomiing potenty'al students and their supporters aboLrt higher education options. 4. We are a democrats'c member-led charity, with a Gommilment to engaging our membership through neOrk of UK wide events, communications, and geographical groups. 5. We collat)orate to share best Pfacti* in sludenl information and advice services. 6. HELOA commits to being more sustainable in the various areas of our work and consider our impact as an association in the sector. 7. We are an inclusive charity, providing equal opportunities and embrace diversity in all aspects of our work. Publlc benefit $tatoment The Iruslees have had regard lo the Charity Commissions guidance on public benefit. Main activities undertaken to further the charitys purposes for the public beneff( Provide seclor-leading training and be51-practice sharing opportunities for our members,. Work with third-party organisalions lo develop meaningfvl partnerships. Strate icRe Achievements and Perfomian¢e Been now and 2026 we will.. 1. Understand the growth of HELOA and strength8n our Stabil to ensure the delivery of charitable objectives. 2. Maintain and grow meaningful partnerships with third-party organisations at national level and idents'fy more group-level partnerships. 3. Continue to provide sector-leading training, best-practice sharing and networking opportunits'es for our members that are accessible and infom)alive. 4. Engage with, understand, and learn from our members to improve our relevan and purpose. 5. Further raise the profile of HELOA'S work and that of our members intemally and externally. Page 3
HEL@A Update8 on Strateg1¢ Prlorities 1. Since the approval of our Current strategy, each of the HELOA areas diligenlly tracks against team fTTretrics at each quarterly committee meeting. Each team considers our engagement with members and are RAG rates strategic targets once per year. The HELOA Office link signifntlY to ea¢h strategic objective and have created an office Sponsibl11t1es document allowng for an overarching overview of priorities and in the last quarter of this financial year were made full time to refiecl the necessity of their input to meeting our strategic priorities. We review our risk register annually to ensure we are aware of and can mitr'gale risks to the organisalion and this year we are conscious of the pressures on the wider Higher Education sector and its impact on our members. Tracking our membership engagement has been a big project over the past few years to identify which areas of HELOA are the most beneficial and how we can further target events or communications to further engage our wide membership. 2. In the past year, as well as maintsining a wide range of National level Partnerships, we have made significant strtdes to more group-level Partnerships especially in the Scotland and Wales nations where 8¢cess to Higher Education and engagement varies in comparison lo the England counterparts. Over 20 drfferent partnership$ were represented as part of our National Conference varying from our strategic level partners such as UCAS, to our supporters such as Save the Student who delivered closing keynote on the cost of living. The team consistently reviews partnerships to ensure they are in line with membership expectations and regularty meet with prospective extemal partners to explore new opportunities. 3. In 2024-25. the team consistently delivered all planned conferences and training events wth the National Conference for 2024 being one of the most popular in history, filling all full delegate places within 4 weeks of opening. However, the overall year was not wilhoul minor challenges due to budget and e05t restraints being seen across the Higher Education sector. The team have adjusted plans accordingly and are assessing plans to ensure successful events across the final year of our eurrent strategy. 4. In the final quarter of the financial year, we conducted our biennial Membership survey which saw over 230 responses. Over 950k of those who responded agreed that they gel value from their HELOA membership and members stated that nerking, besl practice and training are the main benefrts. The were specific questions for each area of HELOA such as training, communications and groups and Vice Chairs have been tasked wth tsking away feedback and individual responses lo consider how they can improve specific areas and outputs for members over the next financial year. S. Our communications team has been working hard over the past year to fftise our inlemal and external profile with members and stakeholders. We have seen rises in our social profiles, particularly Linkedln with a follower count up by 45%, with a 13.8Yo average post engagement rate (well above the education sector average of 1.8°fil. On Inslagram we have continued utilising this account by increasing video content for member feedback at events and on a member facing group on F8boOk we have 32% of HELOA members actively participating in this group aeross the year, using the plattorm lo connect and share best practices. Flnan¢lal Revl•w Overvlow of the year We started the financial year with our reseNes intact. Membgrnhlp foes In October 2023, the trustees voted to increase membership fees effective from September 2024 membership renewals by 25% rounded to the nearest wund, wlh increases in line with CPI thereafter. This was presented to the membetship al the January 2024 AGM and accepted. Whilst we saw a slight decrease in membership due to financial conslrainls in the Higher Education sector, due lo our CPI Inc8$eS we have remained in line with our forecasted income and conducted a membership survey to ensure costs are in line with member value. This inflationary increase was reflected in the proposed 2025126 budget that was accepted at AGM, to $uslain ne¢e5sary reserves for upfront costs of Conference, in addition to investing in all other areas of HELOA. Page 4
HEL@A Staffing costs In October 2023, the hours of the Office Assistant were increased to ensure that procedural finance activbties such as invoicing. chasing outstanding payments and consolidating payments in Sage were completed in a 'mely manner. removing the need for one of the Finance Manager roles. This increase was budgeted into the 2024125 budget and was a successful change to workload. Following our annual Risk Register review, near the end of the 202412025 financial year, the trustees reflected on the importan¢e of consistent Office Support and after the newly elected VC Finance was unable to lake up the post due lo health issues there was a concern about risks of core business during a gap beleen the prior VC Finance stepping down from post and appointment of a new successor. In January 2025, it was decided that unspent forecasted budget could be ulilised to increase the hours of the Office Manager from 0.8 10 1.0 FTE and the Office A5SiStant from 0.6 10 1.0 FTE from wlc 3rd February 2025. This increase in hours has been allocated across all areas of the charity, and allowed additional c8paeity for any unforeseen workload that may arise. The increased full time equivalent hours have been budgeted into the 202512026 budget and will be reviewed in October 2025. UKC The UKC were allocated a reduced budget to the previous financial year, and were able to ¢ontrnue with tsvo in person meeb'ngs for 2024125 including an executive committee planning meeting the day befoie the UKC meeting in December, under budget. This was possible due to additional costs'ng exercises taking place to determine reduced use of funds before confirming meeting locations. The remaining budget was used to host an addib'onal in-person Iruslee meeting lo discuss the future proposed structure of HELOA, whi¢h is due for an AGM email vole Summer 2025. The final underspend was used lo increase the office staff hours lo full- lime for a month period ahead of the new financial year, where these hours have been budgeted. We will be further reducing the budget for UKC in 2025126 to refiect the need lo maximise funds available lo subsidise value for money for our training events and membership, while a¢tual costs of providing HELOA events and support rise. Tralning ovonts 2024125 was a challenging year for the sector financially, and this is reflected in the booking numbers for National Training events and the loss made overall. Whilst booking numbers were decreased, 8$ we had financially committed to ¢ontra¢l$ a few years prior, the VC {Trainingl worked closely with the VC (Finance) and wider executive team lo minimise losses as much as possible. Where possible, the team aimed to reinvest into the membership and offered free plaS al events to engaged members to ensure charity money was not spent ineffectively. Each training event was assessed individually and whilst a more acujrate budget was set for the 24125 year. we were unable to foresee the drop in bookings which happened quickly across the budget year rather than gradually, however this decrease has been taken into account for the 2025126 budget year with a reduced income expected from training events due to sector demand fall. Groups In 2024125 the group budget allocation was managed centrally through the Group Chairs overseen by VC (Groupsl with MO transparent reporbng provided across all group trustees by the Finance manager. This process seems lo have been more effective and will ¢ontinue for the next budget year. As the overall spend for the 24125 year was only 530k of proje¢led forecast, the Group budget has again been reduced and Group Chairs will work closely with VC (Groupsl lo ensure that budget is spent fairty across the membership ané in the most valuable way to members given sector challenges. Dovelopmontal activity The Communications and Marketsng budget has been approved lo carry over allocation for a websfte accessibility review, that was recommended as part of the EMBED EDI consultancy that was conducted as part of our surplus spend in 2023124. The intention was for the VC {Communications} lo lead on this work in 2024125, however this was agreed to be carried forward, due to team changes and the need lo agree the future $lnJcture of HELOA first. A further development fund has been allocated as Jt is foreseen that there wll be a future cost for moving volunteer expenses to an online system, and potentially a need for ¢harty insuran¢e as part of continued risk assessment of the chartty. Rosgrvgs Policy HELOA carries reserves of approximately £100,000. This is required lo manage oulgoings, for example, the National Conference must be paid for before the event lakes place and income received from invoicing members is received afterwards. Page 5
HEL@A StructuTr, Governance and Management The Charity is a Charitable Incorporated Organisalion ICIO} with an association governing do¢umenl. Thls was registered in England and Wales on 12 April 2019. The HELOA trustees comprise the UK ExeculNe Committee (Chair and 7 Vice Chairs) and the Chairs of the nine HELOA Regional groups. Each post has a term of three years. When a post becomes vacant, the membership are invited to Stand for election lo post. Member institutions receive a copy of the supporting slalemenl from each candidate and the primary contact from each member institution is invited lo vote on behalf of their institution. Trustees Responsibillties The trustees are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom A¢¢ounling Standards Iunited Kingdom Generally Accepted Accounting Practieel. The law applicable to charrties in England and Wales qUireS the Iruslees to Prepare the finan¢ial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In prepanng these financial statements, the trustees are required lo.. Select suitable accounting policies and then apply them consistentty., observe the methods and principles in the Charities SORP 2019 {FRS 1021,. make judgements and estimates that are reasonable and prudent., - stale whether applicable accounting stsndards have been followed. subjeGt lo any material departures di*losed and explained in the financial statements., prepare the financial statements on the going conrn basis unless il is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose wth reasonable accuracy at any lime the financial position of the charity and enable them lo ensure tho1 the financial slalements comply with the Charities Act 2011, the Charities (A¢¢ounls and Reports) Regulations 21]08. and the provisions of the trust deed. They are also responsible for safeguarding the asset$ of the charity and hence for taking reasonable steps for the prevention and detecb'on ol fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial Information included on the charity's website. Legislation in the United Kingdom governing the preparation and disseminab'on of financial statements may differ from legislats'on in other jurisdi¢lion5. Disclosure of information to the auditors We, the trustees of the charitable incorporated organisation (CIO) who held office al the date of approval of these Financial Statements as set out above each confirm, so far as we are aware, thaL- -there is no relevant audit information of which the CIO'S auditors are unaware.. and -we have taken all the steps that we ought lo have taken as tnjstees in order to make ourselves aware of any levant audit information and to establish that the CIO'S auditors are aware of that information. The Report has been prepared having taken advantage of the small companies exemption in the Companies Act 2006. In approving the Trustees, Annual Report, we also approve the Strategic Report included therein. On behalf of the board S LITTLEHALES S Littlehales Ifomierly R Kaurl 11 DECEMBER 2025 Dale Page 6
Independent Auditorfs Report to the Trustees of HELOA Opinlon We have audited the financial slalements of HELOA Ithe 'charity'} for the year ended 31 March 2025 whh comprise Statement of Financial Activities, Balance Sheet and notes lo the financial ststemenls, including a summary of significant accounting polic. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounb'ng 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 ststements.. give a true and fair view of the stste of the charity's affalrs as a131 March 2025, and of ils incoming resources and applic*ion of resources, for the year then ended; have been Properly prepared in accordance with United Kingdom Generally Accepted Accounting Pra¢b'¢e,' and have been prepared in accordance wth the requirements of the Charities Act 2011. Basls for oplnlon We conducted our audit in accordance with Intemalional Standards on Auditing (UK} IISAS IUKII 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 responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relatlng to golng concem We have nothing to report in respect of the followng matters in relatson to which the ISAS IUKI require us lo report lo you where.. the Iruslees, use of the going concern basis of accounting in the pParatIOn of the financial statements is not appropriate,, or the trustees have not disclosed in the financtal statements any identified material uncertainties that may cast $lgnifi¢ant doubl about the charity's ability lo continue lo adopt the going concern basis of accounting for a period of al least e1ve months from the dale when the financial stslemenls are authorised for issue. Oth•r infomation The trustees 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 audilorfs report thereon. Our opinion on the financial statements does not Cover the other information and. except lo the extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion thereon. In Gonnection with our audit of the financial statements. our responsibility is to read the other information and, in doing so, consider whether the other infomalion is materially inconsistent with the financial slalements or our knoedge obtained in the audit or otherwise appears to be materially misstated. If we Mjenb'fy such material inconsistencies or apparent material misstatements, we are required lo determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information. we are required lo pOrt that fact. We have nothing to pOrt in this regard. Page 7
Matters on which we are required to report by exception We have nothing to report In respect of the following matters in relation to which the Chanlies {Accounts and Reports) Regulations 2008 require us lo report lo you if. in our opinion.. the information given in the financial ststements is inconsistent in any material respect with the trustees, report", or ' sufficient a¢counting records have not been kept., or . the financial statements are not in agreemenl with the accounting recor(Is', or ' we have not received all the infomialion and explanatsons we require for our audit. Responsibilities of trustoes As explained more fvlly in the trustees. responsibilits'es statement set out on page 5, 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 to enable the preparation of financial statsments that are free frorn material misstatement. whether due to fraud or error. In prepanng the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters ielated lo going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or lo cease operations, or have no realistic alternative but to do so. Auditor's rgsponsibililie$ for the audit of the flnanclal stslemonts 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 ar8 to obtain reasonable assurance about whether the financial slalemenls 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 IUKI will always delect a rnaterial rni5Stalemenl when it exists. Misststements can arise from fraud or error and are considered material if. individually or in the ag9gate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial slatemenls. Irregulariles, including fraud, are InStanS of non-compliance with laws and requlab"ons. We design procedures in line with our responsibil((es, outlined above, lo delecl material misstatements in respect of irregularitues, including fraud. The extent to which our procedures are capable of delecling irregularit'es. including fraud is detailed below.. Because of the inherent limitat)nS of an audit, there is a risk Ihal we Nvill not delecl all irregularities. including those leading lo a malefial 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 wll be less likely lo become aware of instances of non-compliance. The risk is also greater regarding irregulariless occuring due lo fraud rather than error, as fraud involves intentional concealment, forgery. collusion, omission or misrepresentation. A further description of our responsibilitE$ for the audit of the financial statements is located on the Financial Reportsng Council's website at= www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. Page 8
Usg of our report This report is made solely lo the charity's trustees, as a body, in accordance with Part 4 of the Charities IAc¢ounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale lo the charity's trustees those matters we are required to slate lo them in an auditor's report and for no other purF)ose. To the fullest extent permitted by law, we do not acpt or assume Tesponsibility lo anyone other than the charity and the charity's trustees as 8 body, for our audit work. for this report, or for the opinions we have formed. n Bick FCCA or and on behalf of Bick Accountants Ltd Chartered Accountants 52 Longbrwk Street EXETER EX4 6AH 17 DECEMBER 2025 Page 9
HELOA Statsmgnt of Financial Actlvltles For the year ended 31 March 2025 HEL@A 2025 2024 Unrestricted Restriclod funds funds Total Tolal INCOME Note SUBSCRIPTIONS 119,770 119.770 101,344 ANNUAL CONFERENCE 115,930 115,930 134.425 TRAINSNG COURSES NPC & PDC 66,585 66,585 71,910 MISCELLANEOUS Bank Interest Miscellaneous PARTNERSHIPS 27,532 27,532 26,560 TOTAL INCOME 329,817 329,817 334,239 EXPENDrruRE UK COMMITTEE Travel and Subsistence 11,597 11.597 20,193 HELOA OFFICE Operating Costs Loss on disposal of fixed asset D8Pfecialion 81,587 81,587 81,908 1,629 1,629 1,631 ANNUAL CONFERENCE 127,909 127,909 140,909 TRAINING COURSES 58,721 58,721 55.262 GROUP SUPPORT 16.925 16.925 19,084 MISCELLANEOUS Audilorg remuneration Legal and professional Bank charges Other Bad debts 5,616 5,616 5,300 102 217 102 217 102 173 TOTAL EXPENDITURE 304,303 304,303 324.562 Net In¢omellexpenditure) for the year Total funds brought fonvard 118,499 118.499 108,822 Total funds carried forward 144013 118499 Page 10
HELOA Balance Sheet For the year ended 31 March 2025 HEL@A 2025 2024 Note Flxed assets Tangible assets 352 1,981 Current assets Trade debtors Prepayments and accrued income Cash at bank 9,218 9.094 153,393 171.705 2,164 23.287 116,492 141,943 Credltors: Amount$ falling due within one year 28,044 25,425 Net current as8ets 143.661 116.518 Net asgets 118499 Representod by Unreslrided funds Restricted funds Total funds of the Charity 144,013 118,499 118499 Approved by the Trustees on 11 December 2025 and signed on their behaW by S LirrLEHALES S Littlehales {formerty R Kaur}, Chair Page11
HELOA Notès to the accounts For the y8ar endad 31 March 2025 HEL@A 1} Summary of significant accountlng polici•8 al General inforniatlon The Charity is a charitable incorporated organi5alion. incorporalod in England and Wales. The addres$ of ils registered office is". Edge Hill University Sl. Helens Road Ormskirk L39 4QP b} Basis of preparation The financial statements have been prepared in accordance with the Charities SORP FRS 102 applible to 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 Accepted Practice as il 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 olherwse ststed in the relevant accounting policy note. The financial statements are presented in pound steding 1£) and rounded lo the nearest pound 1£). ¢1 Incomo r•¢ognition Income is recognised in the Statement of Financial Aelivities ISOFAI when the charity becomes enlilled lo the resources, il is more likely than not that the Iruslees will receive the resources, and the monetary value can be measured with sufficient relFability. d) Expondlture recognition All expenditure is accounted for on an accruals basis and has been ¢lassrfied under headings Ih8t aggregate all costs related lo the category. Expenditure is recognised where there is a legal or constructive obligation lo make payments to third parties, il is probable that the Settlement will be required and the amount of the obligation can be measured reliably. o) Tanglble flxed a88ets Tangible fixed assets are staled at cost less auMulated depreciation and accumulated impairnienl losses Cost includes costs directly attributable 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 e$bmated residual value. of each assel on a systematic basis over its expected useful life as follows.. Computer equipment- 33.3% slraighl line method fj Debtors and creditors rocolvablelpayable wlthln onè year Debtors and creditors with no staled interest rale and receivable or payable wlhin one year are recorded al transaction price. Any losses arising from impairment are recognised in expenditure. g} Golng concern The financial statemen18 have been prepared on a going ¢oncem basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from aulhorising these financial statement. The budgeted income and expenditure is suffi¢ienl with the level of reserves for the charity lo be able to continue as a going concern. Page 12
HELOA NotOS to the accounts For the year ondod 31 March 2025 HEL@A 21 Incoming resourS 2025 2024 Subscripths Annual Conference Training Course$ - New Practitioners & Professional Development Other Partnerships Total income before investments 119,770 115,930 66.585 101,344 134,425 71,910 27,532 329 817 26.560 31 Invgstmont income 202S 2024 Bank interest 41 Auditors remuneratlon 2025 2024 Non-statutory audit Other financial services Sothre support 2,840 2,640 336 2,500 2,500 300 5300 Sl Trustso rgmunerntion No trustees were paKI any remuneration or benefits from employment direcdy or through a related entity during the year. 61 Trustee exponso8 Expenses tolalling £7,461 were incurred by 24 Trustees lo be reimbursed during the year12024 £8,262 by 24 Trusleesl. The majority of these expenses related to the reimbursement of travel. subsistence and stationery ¢osls. 7) Tanglble flxed assets Computer equipment Total Cost At 1 April 2024 Additions Disposals Al 31 March 2025 Depreclatlon At 1 April 2024 Charge for the year Eliminated on disposal At 31 March 2025 Net Book Value At 31 March 2025 Al 31 March 2024 5.275 5.275 5,275 5.275 3,294 1.629 3,294 1,629 4.923 352 352 1,981 Page 13
HELOA Notes to the accounts For the year ended 31 March 2025 HEL@A 8Tr Debtors and prepayments 2025 2024 Debtors Prepayments Accrued income 9,218 8.494 600 2.164 23,287 9} Credltors: Amounts falling dug w5thln one year 2025 2024 Accounts payable Accruals 806 27.238 1,990 23,435 101 Related party transactions There were no related party Iransa¢tions during the year. other than trustee expenses, disclosed in note 6 {2024 - £nill Page 14