REGISTERED CHARITY NUMBER: 1183079
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2021 for Heart Heroes
Heart Heroes
Contents of the Financial Statements for the Year Ended 31 August 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 8 |
| Detailed Statement of Financial Activities | 9 to 10 |
Heart Heroes
Report of the Trustees
for the Year Ended 31 August 2021
We present our report and consolidated financial statements for the year ended 31 August 2021. We have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 effective 1 January 2015) - (Charities SORP (FRS102)), and Companies Act 2006.
Heart Heroes supports families of children living with congenital heart disease and heart problems. The charities goal is for children and their siblings to be included in all our events, along with parents, grandparents, aunties, uncles and any other close family.
The charity is run mainly by volunteers
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1183079
Registered office
Redwell House Matson Lane Matson Gloucester GL4 6DX
Trustees
K Cornish P Cornish Z Mansell R Eberle
Independent examiner
iLex Accountancy Services Ltd 41 Brunswick Road Gloucester GL1 1JS
Bankers
Natwest George Street Stroud GL5 3DT
Page 1
Heart Heroes
Report of the Trustees
for the Year Ended 31 August 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document and Model Constitition.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the charity are:
Is to relieve the charitable needs of children living with congenital heart disease and heart conditions and their families in Gloucestershire and the South West.
Approved by order of the board of trustees on 29th November 2021 and signed on its behalf by:
K Cornish - Trustee
Page 2
Heart Heroes
Independent Examiner's Report to the Trustees for the Year Ended 31 August 2021
I report on the accounts for the year ended 31 August 2021 set out on pages four to nine.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that independent examination is required and requested by the trustees. The charity's gross income exceeded £25,000.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under Section 145 of the 2011 Act
-
to follow the procedures laid down in the General Directions given by the Charity Commission
-
- (under Section 145(5)(b) of the 2011 Act); and
-
to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statements below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to prepare accounts which accord with the accounting records and comply with the methods and principles of the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard 102 applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Holly Siddall AFA MIPA iLex Accountancy Services Ltd 41 Brunswick Road Gloucester GL1 1JS
29th November 2021
Page 3
Heart Heroes
Statement of Financial Activities
for the Year Ended 31 August 2021
| INCOMING RESOURCES Incoming resources from generated funds Donations Fundraising events Total incoming resources RESOURCES EXPENSED Costs of generating funds Fundraising trading: cost of goods sold and other costs Charitable activities Trips and activities Administration NET INCOMING/(OUTGOING) RESOURCES BEFORE TRANSFERS Gross transfers between funds Net incoming/(outgoing) resources RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 69,920 13,008 82,928 10,128 16,436 37,268 63,832 19,096 0 19,096 42,252 61,348 |
Restricted fund Main Grant £ 35 0 35 0 2,237 0 2,237 (2,202) 0 (2,202) 0 (2,202) |
Restricted fund Tewkesbury Council £ 1,000 0 1,000 0 0 0 0 1,000 0 1,000 0 1,000 |
Restricted fund Gloucester City £ 1,500 0 1,500 0 2,096 0 2,096 (596) 0 (596) 0 (596) |
Restricted fund Geoff & Fiona Squire £ 5,000 0 5,000 0 990 0 990 4,010 0 4,010 0 4,010 |
Restricted fund Albert Hunt £ 2,000 0 2,000 0 540 0 540 1,460 0 1,460 0 1,460 |
Restricted fund Lotto Awards for All £ 10,000 0 10,000 0 6,053 0 6,053 3,947 0 3,947 0 3,947 |
Restricted fund Gloucester Community Foundation I CAN £ 4,957 0 4,957 0 577 0 577 4,380 0 4,380 0 4,380 |
31/08/2021 Total funds £ 94,412 13,008 107,420 10,128 28,930 37,268 76,326 31,094 0 31,094 42,252 73,347 |
31/08/2020 Total funds £ 56,342 10,506 66,849 14,806 9,860 7,752 32,418 34,431 0 34,431 7,822 42,252 |
|---|---|---|---|---|---|---|---|---|---|---|
Page 4
Heart Heroes
Statement of Financial Position
At 31 August 2021
| FIXED ASSETS Tangible assets CURRENT ASSETS Stocks Debtors Cash in hand CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 8,982 206 0 63,893 64,099 (735) 63,364 72,347 72,347 |
Restricted fund £ 0 0 1,000 0 1,000 0 1,000 1,000 1,000 |
31/08/2021 Total funds £ 8,982 206 1,000 63,893 65,099 (735) 64,364 73,347 73,347 48,627 24,720 73,347 |
31/08/2020 Total funds £ 6,618 754 2,081 25,028 27,863 (50) 27,813 34,431 34,431 29,531 12,721 42,252 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees on 29th November 2021 and were signed on its
K Cornish - Trustee
Page 5
Heart Heroes
Notes to the Financial Statements
for the Year Ended 31 August 2021
1. ACCOUNTING POLICIES
Basis of Accounting
The financial statements are prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Land and buildings | - | 3.45% on cost |
|---|---|---|
| Plant and machinery etc | - | 25% on reducing balance |
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Funding
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating lease are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2. ACTIVITIES FOR GENERATING FUNDS
| Fundraising events, 3. INVESTMENT INCOME Deposit account interest |
31/08/2021 £ 13,008 31/08/2021 £ 0 |
31/08/2020 £ 10,506 31/08/2020 £ 0 |
31/08/2019 £ 14,660 31/08/2019 £ 0 |
|---|---|---|---|
Page 6
Heart Heroes
Notes to the Financial Statements
for the Year Ended 31 August 2021
4. NET INCOMING/(OUTGOING) RESOURCES
Net resources are stated after charging/(crediting):
| Depreciation - owned assets Other operating leases |
31/08/2021 £ 0 0 |
31/08/2020 £ 0 0 |
31/08/2019 £ 0 0 |
|---|---|---|---|
5. TRUSTEES' REMUNERATION AND BENEFITS
The was no trustees' remunerated for the year ended 31 August 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2019 nor for the year ended 31 August 2018
6. STAFF COSTS
| Wages and salaries The average monthly number of employees during the year was as follows: |
31/08/2021 £ 15,510 31/08/2021 1 |
31/08/2020 £ 0 31/08/2020 0 |
31/08/2019 £ 0 31/08/2019 0 |
|---|---|---|---|
No employees received emoluments in excess of £60,000.
7. TANGIBLE FIXED ASSETS
| COST At 1 Sept 2020 At 31 August 2021 DEPRECIATION At 1 Sept 2020 Charge for year At 31 August 2021 NET BOOK VALUE At 31 August 2021 At 31 August 2020 |
Land and buildings £ 0 0 0 0 0 0 0 |
Plant and machinery £ 7,495 5,359 12,853 877 2,994 3,871 8,982 6,618 |
Totals £ 7,495 5,359 12,853 877 2,994 3,871 8,982 6,618 |
|---|---|---|---|
Page 7
Heart Heroes
Notes to the Financial Statements
for the Year Ended 31 August 2021
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Other debtors CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Restricted funds TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted funds TOTAL FUNDS |
At 1 Sept 2020 £ 29,531 12,721 42,252 |
Net movement in funds £ 19,096 11,999 31,094 Incoming resources £ 82,928 24,492 107,420 |
31/08/2021 £ 1,000 1,000 31/08/2021 £ 0 542 193 735 Transfers between funds £ 0 0 0 Resources expended £ (63,832) (12,493) (76,326) |
31/08/2020 £ 0 2,081 2,081 31/08/2020 £ 0 0 0 0 At 31 August 2021 £ 48,627 24,720 73,347 Movement in funds £ 19,096 11,999 31,094 |
31/08/2019 £ 0 0 0 31/08/2019 £ 0 0 0 0 |
|---|---|---|---|---|---|
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
10. MOVEMENT IN FUNDS
Page 8
Heart Heroes
Detailed Statement of Financial Activities
for the Year Ended 31 August 2021
| INCOMING RESOURCES Voluntary income Donations Gift aid Grants Activities for generating funds Fundraising events Total incoming resources RESOURCES EXPENDED Fundraising trading: cost of goods sold and other costs Purchases Cost of goods sold drop-in Fundraising costs Charitable activities Wages Other operating leases Rates and water Light and heat Trips and activities Premises hire Charity shop expenses Resources Management Wages Insurance Telephone Postage, stationery and printing Sundries Accountancy costs Equipment Repairs and renewals Legal and professional fees Travel and subsistence Staff training Other staff costs Computer costs Improvements to property Fixtures and fittings Depreciation Storage Bank Charges Loss on sale of tangible fixed assets Finance Bad debt Total resources expended Net income/(expenditure) |
31/08/2021 £ 57,409 568 36,435 94,412 13,008 107,420 4,555 0 5,573 10,128 0 0 0 0 19,435 0 0 9,494 28,930 15,510 604 0 4,463 2,865 618 370 0 3,510 186 231 246 2,195 0 0 2,994 3,472 2 0 37,268 0 76,326 31,094 |
31/08/2020 £ 38,511 210 17,621 56,342 10,506 66,849 5,051 0 9,755 14,806 0 0 0 0 9,860 0 0 0 9,860 0 436 0 3,235 0 50 1,888 0 0 3 154 0 1,109 0 0 877 0 0 0 7,752 0 32,418 34,431 |
31/08/2019 £ 133 0 0 133 14,660 14,794 595 0 2,065 2,660 0 0 0 0 1,839 0 0 0 1,839 0 280 0 913 100 0 1,103 0 76 0 0 0 0 0 0 0 0 0 0 2,473 0 6,972 7,822 |
|---|---|---|---|
Page 9
Ilex Accountancy
Signed By
KA CORNISH
Date Signed Wed, 01 Dec 2021 17:51:46 +0000 Name Kelly Cornish Email cornishfamily@outlook.com Printed Name KA CORNISH IP Address 2a00:23c4:4a92:d201:8969:c63:4cb7:bbe3 Browser User Agent Mozilla/5.0 (Macintosh; Intel Mac OS X 10_15_7) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/96.0.4664.55 Safari/537.36