Trustees’ Annual Report for the period
From 01 / 11 /2 1 Period start date To 31 / 10 /2 2 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. 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. Our volunteer drivers assist those with no transport facilities to and from hospital appointments. |
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 | £9416.47 |
| 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 trustees declare that they have approved the trustees, report above. Slgned on behalf of the charlty's trustees Signature(s) Full name(s) Pos5tion (eg Secretary, Chalr, etc) Andrew Allen Trustee Date 3° November 2022
Hearts Maglc Ltd Suite 8,The Little Theatre, Upper Coronation Street, Tiedegar, NP22 3TS Com an Number: 11625894 Financlal Year 1st November 2021-31st October2022 Balance Sheet Notes Assets Flxed Assets: Equipment Office Furniture 1079.00 500.00 1579.00 Current As*ts: BankAccount Debtors/prepayments 7837.47 0.00 7837.47 Total Assets 9416.47 Liabilities Current Llabllltles: Creditors Taxation 0.00 0.00 0.00 LongTerm Llabillties 0.00 0.00 Total Liabilities 0.00 Total Assets less Liabilities 9416.47 ui Unrestricted Reserves Restritted Reserves {Awards All) 5898.64 3517.83 9416.47 1&2 Notes to theFlnonclol Stotements." Restricted Grant receivedfrom AwordsAllfor thepurposeofo communitycovid project ond other relt7ted community activities. Restricted Revenue Funds.. Grant AwardsAII B'fwdat31.10.21 12712.83 Incomlng 0.00 Outgoing 9195.00 C'fwd at31.10.22 3517.83 Signed (by oneor two trustees) on behalf of all thetrustees-
Signature: Print Name: AndrAllen Dateof Approval: 24th July 2023
Hearts Maglc Ltd Suite 8, The Little Theatre, Upper Coronation Street, Tredey, NP22 3TS Com Number: 11625894 Rnanclalyear 1st November2021-31stOctob r 2 22 Income and Ex endlture Bank Balance Bld 34184.74 Income nditure Notes Income Resources: Grants Traininglstaff Donations Media Services Misc 24160.00 Training Admin/Accounts Salaries Consultancy work Utilities/rent Equipment Events AwardsAII Sundry 0.00 0.00 187.10 0.00 0.00 0.00 0.00 0.00 24160.00 0.00 0.00 0.00 9195.00 41125.17 Restrlcted income Resources: Awards All Total Income for year 0.00 24160.00 Total Expendlture for year 50507.27 Net Profit/{Loss) for theyear -26347.27 Total Income 58344.74 Bank at 31st October 2022 7837.47 Notes to theFlnanciulStotements." Restricted Grant receivedfrom AwordsAllfor thepurposeofo community covid project and otherreloted communityactivities. Signed (by one or two trustees) on behalf of all thetrustees: Signature: Print Name: AndrAllen Date of Approval- 24th JULY2023
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name members of Hearts Magic Ltd On accounts for the year 31/10/2022 Charity no 1185985 ended (if any) Set out on pages (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/ 10/2022
- Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records.
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.
| Signed: Name: Relevant professional qualification(s) or body (if any): Address: |
24.07.2023 | |
|---|---|---|
| Annette Edwards | ||
| ACCA student/part qualified | ||
| 34 Stockton Way | ||
| Tredegar | ||
| Gwent NP22 3EN |
1
October 2018
IER
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
2
October 2018
IER