2021-12-31-accounts - Hearts Together

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Table ofContents
I.gr IHo2,a~ad ~
2 Risk Ivlan~ement
3.ObiecLivesirgactivitiesforgubiicbenefit.
4.Achievemen~ts & erformancein		detail.
H.IH taTOg I H tt	IH t	I.
I.a H rta T ~th —aopp~tYo
43~ ~IT at~sr-I th	c		nar,
4.4Hearts To ether-Better	eal	h	bri	hterfutures.
5.Financial i'eview.
5.1 Income.
52 Fxozen diture
5.3Net result.
G~OG I					.10
6.Reserves					.10
7~Mti Oint					.10
8.Statement ofTrustee resgonsibili'ties				......
Part 2
Inde endentExaminer'sRe	ort.
Statement ofFinancial Acti	vities.	..			..14
Balance Sheet.					.15
Cash Flow Statement. .
IVores to the Cash FlowStatement.					...17
IV e h ncialSt tements. .					.18to25
De iledS te entofFinancialA		tl	I I		26to27

General	21,056,925
Designated
Restricted	211,073

STATEMENT OF FIN for the Year Ended 31	ANCIAL AC December 20	TIVITIE 21	S
						2021	2020
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes
INCOME AND ENDOWMENTS		FROM
Donations and legacies				231,090		231,090	25,850
Charitable activities
Provision of accommodation				452,393		452,393	125,748
Sundry income Grants				55,402	14,479	55,402 14,479	97,274 21,526
Other trading activities Investment income				312 1,704	1,855	2,167 1,704	6,255 2,990
Total				740,901	16,334	757,235	279,643
EXPENDITURE ON
Raising funds				27,175	5,082	32,257	23,872
Charitable activities
Provision of accommodation				287,096	1,497	288,593	307,757
Other							37,796
Total				314,271	6,579	320,850	369,425
NKT INCOME/(EXPENDITURE)				426,630	9,755	436,385	(89,782)
Transfers between funds			10	0,900	~6,900)
Net movement in funds				433,530	2,855	436,385	(89,782)
RECONCILIATION	OF FUNDS
Total funds brought	forward			623,395	8,218	631,613	721,395
TOTAL FUNDS CARRIED FORWARD				1,056,925	11,073	1,067,998	631,613

BALANCE SHEET 31December 2021
					2021	2020
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes
FIXEDASSETS
Tangible assets Investments		12 13	66 119 2,242		66,119 2,242	49,853 ~2242
			68,361		68,361	52,095
CURRENT ASSETS
Debtors		14	196,874		196,874	56,203
Cash at bank			824,482	11,073	835,555	569,164
			I)021456	11,073	1,032,429	625,367
CREDITORS
Amounts falling due within	one year	15	(32,792)		(32,792)	(45,849)
NET CURRENT ASSETS			988,564	11,073	999,637	579,518
TOTAL ASSETSLESSCURRENT
LIABILITIES			1,056,925	11,073	1,067,998	631,613
NET ASSETS			1,056,925	11,073	1,067,998	63 1,613
FUNDS		16
Unrestricted funds					1,056,925	623,395
Restricted funds					11,073	8,218
TOTAL FUNDS					~1,067998	631,613

for the Year Ended 31Dece	mber 2021
			2021	2020
		Notes
Cash flows from operating activities Cash generated from operations		I	286,661	~91,437)
Net cash provided by/(used	in) operating	activities	286,661	~91,437)
Cash flows from investing	activities
Purchase oftangible fixed assets			(21,974)
interest received			1,606	2,894
Dividends received			98	96
Net cash (used in)/provided	by investing	activities	~20,270)	2,990
Change in cash and cash	equivalents	in
the reporting period			266,391	(88,447)
Cash and cash equivalents	at the
beginning ofthe reporting	period		569,164	657,611
Cash and cash equivalents	at the end	of
the reporting period			835,555	~569 164

OPERATING AC	TIVITI	ES
				2021	2020
Net income/(expenditure)		for the reporting	period (as per the
Statement ofFinancial Activities)				436,385	(89,782)
Adjustments for: Depreciation Interest received				5,708 (1,606)	7,020 (2,894)
Dividends received				(98)	(96)
Decrease in stocks					784
Increase in debtors				(140,671)	(16,832)
(Decrease)/increase	in creditors			~13,057)	~10363
Net cash provided	by/(used	in) operations		286,661	~91,437)

	At 1.1.21	Cash flow	At31.12.21
Net cash
Cash at bank	569,164	266491	835,555
	569,164	266,391	~835 555
Total	569,164	266391	835,555

Further explana	tion o	fthe nature and purpose ofeach fund i	s included in the notes to the financial	statements.
DONATIONS	AND	LEGACIES
			2021	2020
Donations			35,280	15,850
Legacies			195,810	10,000
			231,090	25,850

3.	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES
						2021	2020
						g
	Fundraising	events				1,967	1,540
	Sale ofdefibrillators					200	4,715
						2,167	6,255
4.	INVESTMENT			INCOME
						2021	2020
	Dividends					98	96
	Bank interest					1,606	2,894
						1,704	2990
	INCOME FROM CHARITABLE ACTIVITIES
						2021	2020
					Activity
	Accommodation			income	Provision of accommodation	452,393	125,748
	Electric feed	in	tariff		Sundry income	12,468	15,612
	Cath Lab				Sundry income	15,000	15,000
	Other				Sundry income	15,381	628
	Covid-19 support				Sundry income	12,553	66,034
	Grants				Grants	~14 479	21,526
						522,274	244,548
6.	RAISING FUNDS
	Other trading		activities
						2021	2020
	Purchases					31,303	23,557
	Event fundraising			costs		954	315
						32,257	23,872

7.	CHARITABLE ACTIVITIES COSTS
			Support
		Direct	costs (see
		Costs	note 8)	Totals
	Provision of accommodation	271451	17,342	~288 593
S.	SUPPORT COSTS
			Governance
		Finance	costs	Totals
		6		f,
	Provision of accommodation	608	16,734	17,342

9.	TRUSTEES' REMUN	ERATION AND B	ERATION AND B		ENEF	ITS
	The CEO, Liz Harding,	has been appointed			as an	ex-officio	trustee by the	trustees.	The	constitution	ofthe CIO
	allows for this appointment and that she may				be remunerated		for her role as	CEO.
	The remuneration paid	during	the year was	f45,763 together			with pension	contributions		of$1,748.	None ofthe
	remuneration was paid	for acting as atrustee.
	No other trustees received any		remuneration		or benefits.
	Trustees' expenses
									2021		2020
	Trustees' expenses									608	217
10.	STAFF COSTS
									2021		2020
	Wages and salaries								148,096		~173 658
									148,096		173,658
	The average monthly number		ofemployees	during		the year was as follows:
									2021		2020
	Hotel and administration									7	10

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			funds	funds	funds
INCOME AND ENDOWMENTS		FROM
Donations and legacies			25,850		25,850
Charitable activities
Provision of accommodation			125,748		125,748
Sundry income			97,274		97,274
Grants				21,526	21,526
Other trading activities Investment income			6,255 2,990		6,255 ~2990
Total			258,117	21,526	279,643
EXPENDITURE ON
Raising funds			23 722	150	23,872
Charitable activities
Provision of accommodation			286,278	21,479	307,757
Other			37,796		~37796
Total			347,796	21,629	369,425
NET INCOME/(EXPENDITURE)			(89,679)	(103)	(89,782)
RECONCILIATION	OF FUNDS
Total funds brought	forward		713,074	8,321	721,395
TOTAL FUNDS CARRIED FORWARD			~623 395	~8218	~631613

12.	TANGIBLE FIXEDASS	ETS
		Improvements	Fixtures
		to	and	Motor	Computer
		property	fittings	vehicles	equipment	Totals
				5
	COST
	At 1 January 2021	88,287	65,278		10,820	164,385
	Additions			21,974		21,974
	Disposals		~3,559)			~3,559)
	At 3I December 2021	~88 287	61,719	21,974	10,820	182,800
	DEPRECIATION
	At 1 January 2021	39,728	64,805		9,999	114,532
	Charge for year	4,414	1,294			5,708
	Eliminated on disposal		~3,559)			~3,559)
	At 31December 2021	44,142	62,540		9,999	116,681
	NET BOOK VALUE
	At 31 December 2021	44,145	~821)	21,974	821	66,119
	At 31 December 2020	48,559	473		821	~49 S53
13.	FIXEDASSET INVESTMENTS

					Listed
					investments
	MARKET VALUE
	At I January	2021 and 31	December 2021		7 2 242
	NKT BOOK	VALUE
	At 31 December 2021				2,242
	At 31 December 2020				2,242
	There were no investment		assets outside the UK.
14.	DEBTORS:	AMOUNTS	FALLING DUE WITHIN ONE YEAR
				2021	2020
	Trade debtors			8,233	28,715
	VAT			11,807	14,207
	Prepayments	and accrued	income	176„834	13,281
				196,874	56,203

CREDITOR	S:	AMOUNTS FA	LLING DUE WITHIN ONE	YEAR
					2021	2020
Trade creditors					22&290	36,743
Taxation and	social security				3,775	3,302
Other creditors					6,727	5,804
					32,792	45,849
MOVEMENT		IN FUNDS
				Net	Transfers
				movement	between	At
			At 1.1.21	in funds	funds	31.12.21
						f.
Unrestricted	funds
General fund			608,395	411,630	6,900	1,026,925
Cath Lab			15,000	15,000		30,000
			623,395	426,630	6,900	1,056,925
Restricted funds
Rame Head Fund			344			344
Awards for All			7,827			7,827
Screwfix			47			47
Counselling				(1,579)	1,579
Vehicle				8,479	(8,479)
Gary Triathlon		Fund		1,855		1,855
Arnold Clark				1,000		1,000
			8,218	9,755		11,073
TOTAL FUNDS			631,613	436485		1~067998
Net movement		in funds, included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
						f.
Unrestricted	funds
General fund				725,901	(314,271)	411,630
Cath Lab				15,000		15,000
				740,901	(314,271)	426,630
Restricted funds
Counselling				5,000	(6,579)	(1,579)
Vehicle				8,479		8,479
Gary Triathlon		Fund		1,855		1,855
Arnold Clark				1,000		1,000
				~16334	6579	~9755
TOTAL FUNDS				757435	~320,850)	436,385

				Net	Transfers
				movement	between	At
			At 1.1.20	in funds	funds	31.12.20
Unrestricted funds
General fund			587,943	(104,679)	125,131	608,395
Defibri 1lators			22,051		(22,051)
General fundraising/events			103,080		(103,080)
Cath Lab				15,000		15,000
			713,074	(89,679)		623,395
Restricted	funds
Rame Head	Fund		344			344
Awards for	All		7,977	(150)		7,827
Screwfix				47		47
			8,321	~103		8,218
TOTAL FUNDS			721,395	~89 782)		631,613
Comparative	net movement	in funds, included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted funds
General fund				243,117	(347,796)	(104,679)
Cath Lab				15,000		15,000
				258,117	(347,796)	(89,679)
Restricted	funds
Awards for	All				(150)	(150)
Screwfix				5,000	(4,953)	47
National Lottery Community				16,526	(16,526)
				21,526	21,629	103
TOTAL FUNDS				~279 643	369425	~89,782)

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31December 2021
	2021	2020
INCOME AND ENDOWMENTS
Donations and legacies
Donations	35,280	15,850
Legacies	195,810	10,000
	231,090	25,850
Other trading activities
Fundraising events	1,967	1,540
Sale ofdefibriilators	200	4,715
	2,167	6,255
Investment income
Dividends	98	96
Bank interest	1,606	2,894
	1,704	2,990
Charitable activities
Accommodation income	452,393	125,748
Electric feed in tariff	12,468	15,612
Cath Lab	15,000	15,000
Other	15,381	628
Covid-19 support	12,553	66,034
Grants	14,479	21,526
	~522 274	244,548
Total incoming resources	757,235	279,643
EXPENDITURE
Other trading activities
Goods purchased for re-sale	31,303	23,557
Event fundraising costs	954	315
	32,257	23,872
Charitable activities
Wages	148,096	]73,658
Other office expenses	19,080	16,624
Interest payable		1,548
Depreciation offixed assets	5,708	7,020
Counselling sessions		634
Premises costs	98,367	108,056
	271,251	307,540

Support costs
Finance
Trustees' expenses			608	217
Governance	costs
Accountancy, Irrecoverable	legal and professional VAT	fees	14,302 2,432	34,459 3,337
			16,734	37,796
Total resources	expended		320,850	369,425
Net income/(expenditure)			~436385	~89 782)