## **Trustees’ Annual Report for the period** **From 2 4 /7/20 Period start date To 31 / 10 /2 1 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- all trustees have noted the**
**guidance issued by the Charity**
**Commission.**| **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|**Volunteerscontinuetobe fully**
**dedicated insupporting the local**
**community building on the successful**
**working relationships formed with**
**community members during the Covid**
**period.**| |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, whichhas approx. 200**
**members. Many have underlying health**
**issues such as dementia.The club**
**continues to improve their positive**
**outlook with many members stating it is**
**the highlight of their week.**
**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.**
**Our volunteers continue to support the**
**most vulnerable members of the**
**community providing weekly assistance**
**with shopping trips, and medicine**
**collections, to those with no immediate**
**family or support from official services.**| ## **Additional information (optional)** You may choose to include further statements where relevant about: **Our achievements continue to go above and beyond the objectives set** Achievements against Para 1.41 **for the charity.** 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 isstable**
**allowing us to continue our**
**community workcomfortably.**| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**Reserves are held due to specific**
**requirements of grants received and**
**to ensure financial stability.**| |Amount of reserves held|Para 1.22|**£35, 763.74**| |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
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3
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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 Tho trustees declare thatthey have approved the trustses, report above. Signed on bohalf of tho charity's trustees Slgnaturels> Full namels Position leg Secretary, Chair, etc) Trustse Date 25th July 2022 Hearts Magic Ltd Sulte 8.The Little Theatre, Uppercoronation Street,Tredeg3r, NP22 3TS Com an Number: 11625894 Financial Year 1st November 2020-31st October 2021 Balance Sheet Notes Assets Fixed A55ets: Equipment Office Furniture 1079.00 500.00 1579.00 Current Asset&" Bank Account Debtorslprepayments 34184.74 0.00 34184.74 35763.74 Total Assets Liabilitie5 Current Liabilitie& Creditors Taxation 0.00 0.00 0.00 LongTerm Llabllities 0.00 0.00 Total Liabllitles 0.00 Total Assets less Liabilities 35763.74 Unrestricted Reserves Restricted Reserve5 23050.91 12712.83 1&2 35763.74 Note5 to the FinanciulStotements.' Restricted Gront fvr thepurpose of(J Community covid project ond otherrelored community activities. Restricted Revenue Funds.. Grant B'fwd at 31.10.20 Incoming 0.00 Outgoing 1280.00 C'fwd at31.10.21 12712.83 13992.83 Signed (by one or two trustees) on behalf of all the trustees= Signature: Print Name: Andrew Al len Date ofApproval'. 25/0712022 Hearts Magic Ltd Suite 8, The Llttle Theatre, Upper Coronation Street, Tredegar. NP22 3TS Com an Number: 11625894 Financial Year 1st November 2020 - 31st October 2021 Income and Ex Bank Balance B/fwd 36012.39 Income Ex enditure Notes Income Resource&" Grants TraininE/Staff Donations Media Services Misc 0.00 0.00 0.00 0.00 0.00 Training Admin/Account5 Salaries Consultancy work Uti litieslrent Equipment Events Grant Sundry 0.00 497.65 0.00 0.00 0.00 0.00 0.00 1280.00 0.00 Restrlcted Income Rex>urce5: Awards All 0.00 50.00 Total Income for year 0.00 Total Expenditure for year 1827.65 Net Profit/lLossl for the Year -1827.65 Total Income 36012.39 Bank at 31st October 2021 34184.74 Notes to the FinancialStatements.' Restricted Griynt receivedfor the purpose of a community covid project and other related community activities. Signed Iby one or two trustees) on behalf of all the trustees.. Signature- Print Name: Andrew Allen Date of Approval: 2510712022