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2024-08-31-accounts

Heart Heroes Annual Report for the Year Ending 31 August 2024

Charity Registration Number: 1183079

Report of the Trustees

The trustees are pleased to present their annual report alongside the independently examined financial statements for the year ending 31 August 2024. These statements adhere to the requirements set by the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and comply with Heart Heroes' constitution.

Board of Trustees:

Management Team:

Independent Financial Examiner:

Bankers:

Charity Information:

Registered Charity Number: 1183079

Mission Statement:

Heart Heroes supports families of children living with congenital heart disease and heart problems. Our mission is to include children, their siblings, and extended family members in all our events to foster inclusivity and connection within the Heart Heroes community.

Executive Summary:

Heart Heroes was founded in 2018 with the purpose of supporting families affected by congenital heart disease. The charity has grown through community fundraising and currently supports over 1,000 families across England and Wales. We provide tailored activities and events that foster peer support, ensuring families facing these challenges are not alone. Throughout its evolution Heart Heroes has grown its support and now

Each day, an average of 13 babies are born with a heart condition, and one in three young people with a heart condition also face mental health challenges. Our expanding support network empowers young people with heart conditions to experience a sense of normality in the face of abnormal circumstances. With a dedicated family support worker on Dolphin Ward, a flourishing I CAN & Young Adults project, and plans to extend support through Play Therapy, Heart Heroes continues to provide essential assistance to those in greatest need.

Over the past 12 months, Heart Heroes has delivered more than 50 projects, reaching over 1200 attendees, with ambitions to grow further in the coming year.

Growth and Engagement Strategy:

As Heart Heroes looks to the next year of growth, there is potential for continued community fundraising , which will help sustain various projects and provide additional flexibility for the charity’s development.

The new HQ , set to open in January 2025, will allow Heart Heroes to offer more bespoke support to families, including:

Additionally, a new partnership with Great Ormond Street Hospital is nearing completion. Heart Heroes will have a monthly stand at the hospital, providing an opportunity to share information and engage with families in a new region, further expanding the charity's reach and impact.

These developments reflect the charity's commitment to growth, providing more targeted and essential support to families living with congenital heart conditions.

Registered Charity Number: 1183079

Governance and Management:

Governing Document :

Heart Heroes is governed by its constitution, registered with the Charity Commission in April 2019.

Trustee Recruitment :

New trustees are recruited based on their skills, experience, and alignment with the charity's values. Methods include direct outreach and utilizing existing trustees' networks.

Trustee Training :

Upon joining, trustees receive access to the charity’s constitution, policies, business plan, meeting minutes, and strategic goals. Ongoing training is provided through the National Council for Voluntary Organisations (NCVO).

Risk Management:

The charity’s trustees oversee risk management via an organisational Risk Register, assessing governance, operational, financial, and environmental risks. Finances are monitored through a twoyear business plan, with any potential issues addressed at quarterly trustee meetings.

Policies and Procedures:

Heart Heroes follows comprehensive policies for safeguarding children and adults, adhering to strict data protection and equal opportunities guidelines. Staff undergo mandatory Disclosure and Barring Service (DBS) checks, as well as training in mental health first aid, suicide prevention, social media, and PTSD awareness.

Public Liability Insurance:

Activities and Achievements in 2022/23:

The Heart Heroes Journey

The "Heart Heroes Journey" serves as a visual representation of the comprehensive support provided by the charity. It highlights how all of our projects are interconnected and continuously evolve, ensuring ongoing assistance at every stage of development. This journey acts as the central concept that guides all decision-making within the organisation, ensuring we remain focused on delivering cohesive and lasting support to families as they navigate the challenges of congenital heart conditions.

From inclusive events and trips to essential emotional and hospital support, Heart Heroes ensures that no family is left to face these challenges alone. By maintaining a focus on holistic care and development, we continue to foster a community where families find strength and connection.

Registered Charity Number: 1183079

I CAN Project :

This initiative was created to bring Heart Heroes’ families together following the pandemic, with a focus on celebrating the abilities of children with heart conditions. The project featured a variety of workshops and activities, including cooking, gardening, exercise, creative arts, and forest school sessions, all designed to build confidence and reduce the feelings of isolation that many children experienced during and after COVID-19. The initiative has seen great success across Bristol, South Wales, Gloucester, and the newly expanded area of Cornwall, offering vital opportunities for families to reconnect and engage in safe, supportive environments.

The program has evolved significantly, with the Stage 3 program now rebranded as Young Adults , offering a fresh approach to the I CAN initiative. This updated program focuses on developing life skills, encouraging social interaction, fostering independence, and facilitating more mature discussions about ownership and management of their heart conditions. Meanwhile, the original I CAN project for children aged 4-11 continues to flourish, with an increased emphasis on measuring impact and collecting data to ensure ongoing improvements and enhanced support for participants.

Future Strategy:

Key focus areas for Heart Heroes moving forward include:

Registered Charity Number: 1183079

Reserves Policy:

The charity maintains six months of operational reserves to cover staff salaries and core costs. Additionally, some funds are reserved for specific projects like the I CAN initiative.

Registered Charity Number: 1183079

REGISTERED CHARITY NUMBER: 1183079

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2024 for Heart Heroes

Heart Heroes

Contents of the Financial Statements for the Year Ended 31 August 2024

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

Heart Heroes

Report of the Trustees

for the Year Ended 31 August 2024

We present our report and consolidated financial statements for the year ended 31 August 2024. 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 Holt P Cornish K Harber Zoe Trotman Sarah Freeman Paul Cornell (Appointed 7th November 2023)

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 2024

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 22nd October 2024 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 2024

I report on the accounts for the year ended 31 August 2024 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:

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:

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

22nd October 2024

Page 3

Heart Heroes

Statement of Financial Activities for the Year Ended 31 August 2024

INCOMING RESOURCES
Incoming resources from generated funds
Donations
Grants
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
£
70,373
60,281
25,827
156,482
10,859
14,413
165,661
190,933
(34,452)
0
(34,452)
66,149
31,697		 Mental Health
£
0
0
0
0
790
613
0
1,403
(1,403)
0
(1,403)
3,960
2,557		 Worcester CIF
Grant
£
0
0
0
0
34
0
0
34
(34)
0
(34)
0
(34)		 Oxford
Community
Fund
£
0
0
0
0
16
313
0
329
(329)
0
(329)
0
(329)		 RESTRICTED
FUND - Living
Crisis
£
0
1,500
0
1,500
444
0
0
444
1,056
0
1,056
0
1,056		 Restricted fund
I CAN
£
995
38,725
725
40,445
1,228
27,001
3,634
31,863
8,582
0
8,582
2,052
10,634		 31/08/2024
Total funds
£
71,368
100,506
26,552
198,426
13,371
42,340
169,295
225,006
(26,580)
0
(26,580)
72,161
45,581		 31/08/2023
Total funds
£
179,009
0
25,441
204,450
27,988
58,621
132,183
218,792
(14,341)
0
(14,341)
86,502
72,161

Page 4

Heart Heroes

Statement of Financial Position

At 31 August 2024

FIXED ASSETS
Intangible 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
£
6,208
30,280
935
11,953
59,325
72,213
(63,120)
9,093
45,581
45,581		 Restricted fund
£
0
0
0
0
0
0
0
0
0
0		 31/08/2024
Total funds
£
6,208
30,280
935
11,953
59,325
72,213
(63,120)
9,093
45,581
45,581
31,697
13,884
45,581		 31/08/2023
Total funds
£
9,933
35,417
206
6,719
34,170
41,095
(14,285)
26,810
72,161
72,161
53,427
18,733
72,161

The financial statements were approved by the Board of Trustees on 22nd October 2024 and were signed on its behalf by:

K Cornish - Trustee

Page 5

Heart Heroes

Notes to the Financial Statements

for the Year Ended 31 August 2024

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
Motor vehicles - 20% 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
4.
NET INCOMING/(OUTGOING) RESOURCES
Net resources are stated after charging/(crediting):
Depreciation - owned assets
Other operating leases		 31/08/2024
£
26,552
31/08/2024
£
0
31/08/2024
£
15,307
0		 31/08/2023
£
25,441
31/08/2023
£
0
31/08/2023
£
13,002
0		 31/08/2022
£
41,056
31/08/2022
£
0
31/08/2022
£
7,538
0		 31/08/2021
£
13,008
31/08/2021
£
0
31/08/2021
£
2,994
0

Page 6

Heart Heroes

Notes to the Financial Statements for the Year Ended 31 August 2024

5. TRUSTEES' REMUNERATION AND BENEFITS

The were no trustees' remunerated for the year ended 31 August 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023

6. STAFF COSTS

Wages and salaries
The average monthly number of employees during the year was as follows:		 31/08/2024
£
90,027
31/08/2024
4		 31/08/2023
£
47,114
31/08/2023
3		 31/08/2022
£
23,394
31/08/2022
1		 31/08/2021
£
15,510
31/08/2021
1

No employees received emoluments in excess of £60,000.

7. TANGIBLE FIXED ASSETS

COST
At 1 Sept 2023
Additions
At 31 August 2024
DEPRECIATION
At 1 Sept 2023
Charge for year
At 31 August 2024
NET BOOK VALUE
At 31 August 2024
At 31 August 2023
INTANGIBLE FIXED ASSETS
COST
At 1 Sept 2023
Additions
At 31 August 2024
DEPRECIATION
At 1 Sept 2023
Charge for year
At 31 August 2024
NET BOOK VALUE
At 31 August 2024
At 31 August 2023		 Motor
Vehicles
£
35,284
0
35,284
7,418
7,057
14,474
20,810
27,866		 Plant and
machinery
£
19,577
6,445
26,022
12,026
4,526
16,552
9,471
7,551
Heart Heroes
App
£
14,900
0
14,900
4,967
3,725
8,692
6,208
9,933		 Totals
£
54,861
6,445
61,306
19,444
11,582
31,026
30,280
35,417
Totals
£
14,900
0
14,900
4,967
3,725
8,692
6,208
9,933

Page 7

Heart Heroes

Notes to the Financial Statements

for the Year Ended 31 August 2024

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
2023
£
53,427
18,733
72,161		 31/08/2024
£
150
11,803
11,953
31/08/2024
£
16,035
273
46,812
63,120
Net
movement in
funds
£
(34,452)
7,872
(26,580)
Incoming
resources
£
156,482
41,945
198,426		 31/08/2023
£
250
6,469
6,719
31/08/2023
£
13,798
281
206
14,285
Transfers
between
funds
£
12,721
(12,721)
0
Resources
expended
£
(190,933)
(34,073)
(225,006)		 31/08/2022
£
2,750
3,587
6,337
31/08/2022
£
3,341
0
28,245
31,586
At 31 August
2024
£
31,697
13,884
45,581
Movement
in funds
£
(34,452)
7,872
(26,580)		 31/08/2021
£
0
1,000
1,000
31/08/2021
£
0
542
193
735

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 2024

INCOMING RESOURCES
Voluntary income
Donations
Gift aid
Grants
Activities for generating funds
Fundraising events
Sponsorship
Other income
Insurance claim
Total incoming resources
RESOURCES EXPENDED
Fundraising trading: cost of goods sold and other costs
Purchases
Fundraising costs
Charitable activities
Trips and activities
Resources
Management
Accountancy costs
Advertising & networking
Bank Charges
Computer costs
Depreciation
Equipment
Insurance
Legal and professional fees
Motor expenses
Other staff costs
Postage, stationery and printing
Staff training
Storage
Subcontractors
Subscriptions
Sundries
Telephone
Travel and subsistence
Use of Home
Wages
Website
Total resources expended
Net income/(expenditure)		 31/08/2024
70,596
772
100,506
171,874
24,052
2,500
26,552
0
0
198,426
2,205
11,167
13,371
28,296
14,044
42,340
3,444
13,855
683
10,695
15,307
0
1,672
3,742
7,584
536
5,344
4,178
1,972
450
2,686
185
1,057
1,546
4,288
90,027
43
169,295
225,006
(26,580)		 31/08/2023
101,884
1,720
75,405
179,009
24,941
500
25,441
0
0
204,450
3,430
24,558
27,988
21,990
36,630
58,621
3,924
21,821
165
5,828
13,002
0
1,008
9,638
3,993
998
4,707
1,571
5,309
7,980
1,031
557
483
1,586
0
47,114
1,470
132,183
218,792
(14,341)		 31/08/2022
71,555
26
41,522
113,103
32,056
9,000
41,056
9,594
9,594
163,753
2,986
24,184
27,171
33,022
15,878
48,900
3,486
849
118
5,589
7,538
0
694
13,810
2,432
352
5,494
836
0
3,690
3,472
748
0
585
0
23,394
1,440
74,527
150,598
13,156		 31/08/2021
£
57,409
568
36,435
94,412
13,008
13,008
0
0
107,420
4,555
5,573
10,128
19,435
9,494
28,930
618
0
2
2,195
2,994
370
604
3,510
0
246
4,463
231
3,472
0
0
2,865
0
186
0
15,510
0
37,268
76,326
31,094

Page 9

REGISTERED CHARITY NUMBER: 1183079

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2024 for Heart Heroes

Heart Heroes

Contents of the Financial Statements for the Year Ended 31 August 2024

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

Heart Heroes

Report of the Trustees

for the Year Ended 31 August 2024

We present our report and consolidated financial statements for the year ended 31 August 2024. 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 Holt P Cornish K Harber Zoe Trotman Sarah Freeman Paul Cornell (Appointed 7th November 2023)

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 2024

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 22nd October 2024 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 2024

I report on the accounts for the year ended 31 August 2024 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:

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:

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

22nd October 2024

Page 3

Heart Heroes

Statement of Financial Activities for the Year Ended 31 August 2024

INCOMING RESOURCES
Incoming resources from generated funds
Donations
Grants
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
£
70,373
60,281
25,827
156,482
10,859
14,413
165,661
190,933
(34,452)
0
(34,452)
66,149
31,697		 Mental Health
£
0
0
0
0
790
613
0
1,403
(1,403)
0
(1,403)
3,960
2,557		 Worcester CIF
Grant
£
0
0
0
0
34
0
0
34
(34)
0
(34)
0
(34)		 Oxford
Community
Fund
£
0
0
0
0
16
313
0
329
(329)
0
(329)
0
(329)		 RESTRICTED
FUND - Living
Crisis
£
0
1,500
0
1,500
444
0
0
444
1,056
0
1,056
0
1,056		 Restricted fund
I CAN
£
995
38,725
725
40,445
1,228
27,001
3,634
31,863
8,582
0
8,582
2,052
10,634		 31/08/2024
Total funds
£
71,368
100,506
26,552
198,426
13,371
42,340
169,295
225,006
(26,580)
0
(26,580)
72,161
45,581		 31/08/2023
Total funds
£
179,009
0
25,441
204,450
27,988
58,621
132,183
218,792
(14,341)
0
(14,341)
86,502
72,161

Page 4

Heart Heroes

Statement of Financial Position

At 31 August 2024

FIXED ASSETS
Intangible 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
£
6,208
30,280
935
11,953
59,325
72,213
(63,120)
9,093
45,581
45,581		 Restricted fund
£
0
0
0
0
0
0
0
0
0
0		 31/08/2024
Total funds
£
6,208
30,280
935
11,953
59,325
72,213
(63,120)
9,093
45,581
45,581
31,697
13,884
45,581		 31/08/2023
Total funds
£
9,933
35,417
206
6,719
34,170
41,095
(14,285)
26,810
72,161
72,161
53,427
18,733
72,161

The financial statements were approved by the Board of Trustees on 22nd October 2024 and were signed on its behalf by:

K Cornish - Trustee

Page 5

Heart Heroes

Notes to the Financial Statements

for the Year Ended 31 August 2024

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
Motor vehicles - 20% 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
4.
NET INCOMING/(OUTGOING) RESOURCES
Net resources are stated after charging/(crediting):
Depreciation - owned assets
Other operating leases		 31/08/2024
£
26,552
31/08/2024
£
0
31/08/2024
£
15,307
0		 31/08/2023
£
25,441
31/08/2023
£
0
31/08/2023
£
13,002
0		 31/08/2022
£
41,056
31/08/2022
£
0
31/08/2022
£
7,538
0		 31/08/2021
£
13,008
31/08/2021
£
0
31/08/2021
£
2,994
0

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Heart Heroes

Notes to the Financial Statements for the Year Ended 31 August 2024

5. TRUSTEES' REMUNERATION AND BENEFITS

The were no trustees' remunerated for the year ended 31 August 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023

6. STAFF COSTS

Wages and salaries
The average monthly number of employees during the year was as follows:		 31/08/2024
£
90,027
31/08/2024
4		 31/08/2023
£
47,114
31/08/2023
3		 31/08/2022
£
23,394
31/08/2022
1		 31/08/2021
£
15,510
31/08/2021
1

No employees received emoluments in excess of £60,000.

7. TANGIBLE FIXED ASSETS

COST
At 1 Sept 2023
Additions
At 31 August 2024
DEPRECIATION
At 1 Sept 2023
Charge for year
At 31 August 2024
NET BOOK VALUE
At 31 August 2024
At 31 August 2023
INTANGIBLE FIXED ASSETS
COST
At 1 Sept 2023
Additions
At 31 August 2024
DEPRECIATION
At 1 Sept 2023
Charge for year
At 31 August 2024
NET BOOK VALUE
At 31 August 2024
At 31 August 2023		 Motor
Vehicles
£
35,284
0
35,284
7,418
7,057
14,474
20,810
27,866		 Plant and
machinery
£
19,577
6,445
26,022
12,026
4,526
16,552
9,471
7,551
Heart Heroes
App
£
14,900
0
14,900
4,967
3,725
8,692
6,208
9,933		 Totals
£
54,861
6,445
61,306
19,444
11,582
31,026
30,280
35,417
Totals
£
14,900
0
14,900
4,967
3,725
8,692
6,208
9,933

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Heart Heroes

Notes to the Financial Statements

for the Year Ended 31 August 2024

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
2023
£
53,427
18,733
72,161		 31/08/2024
£
150
11,803
11,953
31/08/2024
£
16,035
273
46,812
63,120
Net
movement in
funds
£
(34,452)
7,872
(26,580)
Incoming
resources
£
156,482
41,945
198,426		 31/08/2023
£
250
6,469
6,719
31/08/2023
£
13,798
281
206
14,285
Transfers
between
funds
£
12,721
(12,721)
0
Resources
expended
£
(190,933)
(34,073)
(225,006)		 31/08/2022
£
2,750
3,587
6,337
31/08/2022
£
3,341
0
28,245
31,586
At 31 August
2024
£
31,697
13,884
45,581
Movement
in funds
£
(34,452)
7,872
(26,580)		 31/08/2021
£
0
1,000
1,000
31/08/2021
£
0
542
193
735

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 2024

INCOMING RESOURCES
Voluntary income
Donations
Gift aid
Grants
Activities for generating funds
Fundraising events
Sponsorship
Other income
Insurance claim
Total incoming resources
RESOURCES EXPENDED
Fundraising trading: cost of goods sold and other costs
Purchases
Fundraising costs
Charitable activities
Trips and activities
Resources
Management
Accountancy costs
Advertising & networking
Bank Charges
Computer costs
Depreciation
Equipment
Insurance
Legal and professional fees
Motor expenses
Other staff costs
Postage, stationery and printing
Staff training
Storage
Subcontractors
Subscriptions
Sundries
Telephone
Travel and subsistence
Use of Home
Wages
Website
Total resources expended
Net income/(expenditure)		 31/08/2024
70,596
772
100,506
171,874
24,052
2,500
26,552
0
0
198,426
2,205
11,167
13,371
28,296
14,044
42,340
3,444
13,855
683
10,695
15,307
0
1,672
3,742
7,584
536
5,344
4,178
1,972
450
2,686
185
1,057
1,546
4,288
90,027
43
169,295
225,006
(26,580)		 31/08/2023
101,884
1,720
75,405
179,009
24,941
500
25,441
0
0
204,450
3,430
24,558
27,988
21,990
36,630
58,621
3,924
21,821
165
5,828
13,002
0
1,008
9,638
3,993
998
4,707
1,571
5,309
7,980
1,031
557
483
1,586
0
47,114
1,470
132,183
218,792
(14,341)		 31/08/2022
71,555
26
41,522
113,103
32,056
9,000
41,056
9,594
9,594
163,753
2,986
24,184
27,171
33,022
15,878
48,900
3,486
849
118
5,589
7,538
0
694
13,810
2,432
352
5,494
836
0
3,690
3,472
748
0
585
0
23,394
1,440
74,527
150,598
13,156		 31/08/2021
£
57,409
568
36,435
94,412
13,008
13,008
0
0
107,420
4,555
5,573
10,128
19,435
9,494
28,930
618
0
2
2,195
2,994
370
604
3,510
0
246
4,463
231
3,472
0
0
2,865
0
186
0
15,510
0
37,268
76,326
31,094

Page 9