Trustees’ Annual Report for the period
From 23/7/20 Period start date To 23/7/20 Period end date
Charity name: Hearts Magic
Charity registration number: 1185985
Objectives and Activities-To produce projects and events which has a direct benefit to the well-being of the community, focusing on creating relationships with those who are vulnerable and isolated.
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | Our aim will be to encourage people to take up the opportunity to interact with others thereby improving our clients' well-being and mental health. We organise well-being events, tours, social gatherings and help to forge connections between the socially isolated by the development of social groups and interactive community projects. We also encourage projects with inter-generational projects. |
| 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 |
We operate a community projects such as the ‘Community Social Club’, our members attend social gathers to watch Films, live music events, tours and visit places of interest and make new relationships with other members who suffer from loneliness. As part of the Tredegar Task Force, Hearts Magic are providing aid in the form of food parcel delivery, medication pick up, shopping for the vulnerable and creating friendship links. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Yes they have, |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making
| Policy on social investment including program related investment |
Para 1.38 | |
| Contribution made by volunteers |
Para 1.38 | Volunteers have gone beyond what was asked of them to support the community. They contributed in delivery of food and medicine through Covid. |
| 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 | Our Social club has approx. 200 members, many have underlying health issues such as dementia. Our music events uplift our members and improve their positive outlook. Many members attend after losing a loved one and became socially distant to others, our events have helped to create new friendships and improved quality of life. As a group which is part of the Tredegar Task Force, we have helped in the completion of almost 20,000 deliveries throughout the pandemic. These include food parcels, medicine and shopping. There were 40 volunteers at hand to support those who needs it the most. We continue to support the residents of Blaenau Gwent today. |
Additional information (optional) You may choose to include further statements where relevant about:
Our achievements has gone above any objectives set for the charity. Achievements against Para 1.41 objectives set Performance of fundraising activities against objectives Para 1.41 set
| Investment performance against objectives |
Para 1.41 | |
|---|---|---|
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The financial position is very good considering the community work completed. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | We are hoping t expand our projects due to the high number of attendees to our events. Therefore, we are holding reserves that can be used to acquire a larger premises. |
| Amount of reserves held | Para 1.22 | £23, 548.56 |
| Reasons for holding zero reserves |
Para 1.22 | None |
| Details of fund materially in deficit |
Para 1.24 | None |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | None |
Additional information (optional) You may choose 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: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Signed Constitution. |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Charitable company limited by guarantee / 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 | Admission procedure The charity trustees: may require applications for membership to be made in any reasonable way that they decide; shall, if they approve an application for membership by one of the trustees nominate the person and be voted upon. Notify the applicant of their decision within 21days |
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 | None, all on a professional basis. |
| Other |
Reference and Administrative details
| Charity name | Hearts Magic |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1185985 |
| Charity’s principal address | Suite 8, The Little Theatre, Upper Coronation Street, Tredegar, Blaenau Gwent, NP22 3TS |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Andrew Allen | Wholeyear | |||
| LindsayComer | ‘’ | |||
| David Davies | ‘’ | |||
| Mike Mercer | ‘’ | |||
| Tyrone O’Sullivan | ‘’ | |||
| Ralph Rockman | ‘’ | |||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
| Description of the assets held in this capacity |
none |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
none |
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
none |
Additional information (optional)
Names and addresses of advisers (Optional information)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| Name of chief executive or names of senior staff members (Optional information) | ||
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations The trustses declare that they have approved tho trustses, rgport above. Signed on behalf of the charity's trustees Slgnaturels) Full namels) Position (eg Secretary. Chalr, etc) Qfflllr Dats 13, J} &zJ
Hearts Magic Ltd Suite 8, The Little Theatre. Upper Coronation Street, Tredegar, NP22 3TS Com an Number: 11625894 Financial Year 1st November 2019- 31st October 2020 Balance Sheet Notes Assets Fixed Assets: Equipment Office Furniture 1079.00 500.00 1579.00 Current Assets: Bank Account Debtors/prepayments 36012.39 0.00 36012.39 37591.39 Total Assets Llabllltle5 Current Liabilitles: Creditors Taxation 0.00 0.00 0.00 LongTerm Liabllltles 0.00 0.00 Total Liabilities 0.00 Total Assets less Liabilities 37591.39 Unrestricted Reserves Restricted Reserves IAward5 All) 23598.56 13992.83 1&2 37591.39 Notes to the Fin17nclalStatement5.' Restricted Grant receivedfrom Awords Allfor thepurp05e of estublishing ond the operation of the Over 655 Club offering (7 voriety of octivities. C/f balonce 31.10. 19. with £1 Q,OQO restricted grant receivedfor the Community Covid Project. Restricted Revenue Funds.. Grant B'fwdat31.10.19 6113.14 Incoming ioooo.00 Outgoing 2120.31 C'fwd at 31.10.20 13992.83 Award5AII Signed (by one or two trustees) on behalf of 311 the trustees..
Signature: Print Name.. Date of Approval-. aoLI
Heartsmagic Ltd Suite 8, The LSttle Theatre, Upper Coronation Street, Tredegar, NP22 3TS Com an Number.. 11 2589 Fin ial Year 1st November 2019- 31st October 202 In ndEx enditure Bank Balance 8/fwd 16909.89 Income Ex endlture Notes Income Re50ur¢es: Grants Traininglstaff Donations Media Services Misc 0.00 Traini n8 AdminlAccounts Salaries Consultancy work Utilities/rent Eqvipment Events Awards All Sundry 123.00 0.00 611.89 15000.00 0.00 2000.00 17000.00 3400.00 0.00 0.00 0.00 1500.40 Re5trlcted Income Resource5: AwardsAII Totsl In¢ome for year 2 120.31 ioooo.00 27000.00 141.90 Total Expenditure for year 7897.50 Net ProfStllL0551 for the Year 19 102.50 Total Income 43909.89 Bankat 315t October2020 3601Z.39 Notes to the Finonciol Stotements.. Restricted Gront receivedfrom Awards Allfor thepurpose of estublishing and the operation of the Over 65s Club offerlng a vurlety of actlvltles. C/f balonce 31. 10.19. with £IO,OQO restricted gront receivedfor the Community Covid Project. Signed Iby one or two trusteesl on behalf of all the trustees.. Signature.. Print Name: Date of Approval.. Notes
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl m•mbers of Ghaiilg Name Hearts Magic Ltd On accounts for Iho year ended 3111012020 Charity no (if any) 1185985 Sot out on pages [remeffibef 1¢ Indtsdé the page numt)¥s ot addlnal sheeisi I report to the trust8es on my examination of the accounts of the above charity (he Trust.) for the year ended 3111012020. Responsibilltles and As the Gharity trustees of the Trust. you are responsible for the preparation basis of port of the accounts in accordance with the requirements of the Charities Act 2011 ("the Acf,). I report in fespect of my examination of the Trust's a¢wunts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followéd the applicable Directions given by the Charity Commission under seotion 145(5Xb) of th8 Act. I have completed my examination. I confirm that no material matters have ¢om8 to my attention in connection with the examination which gives me cause to believe that in. any material respect.. accounting records bvere not kept in acrdance with section 130 of the Act or the accounts do not accord with the accounting records. Indppendent •xamlner's statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Slgned: Data: 20.07.2021 Name: Annette Edwards Relevant professional qualificatlon(s) or body (if any): ACCA studenvpart qualified Addross: 34 Stockton Way Tredegar Gwent NP22 3EN Section B Disclosure Only complete if the examiner needs to highlight matters of concem (see CC32. Independent examination of charity accounts: dir8Ctions and guidance for examiners). IER October 2018
Giv• hera brlef details of any Items that the examiner wlshes to dlsclose. IER October 2018