## **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