THE CREDITON HEART PROJECT Annual Report and Financial Statements For the Year Ended 3 1 March 2025 The Old Vicarage Colebrooke Crediton, EX17 SJQ Charity Registration no. 1189549 THE CREDITON HEART PROJECT Annual Report and Financial Statements For the Year Ended 31 March 2025 Trustees Dennis Mardon Catherine Lock Eugene Mullan Hatt7e Booth John Bulford Paul Walker Rosemary Stephenson Address The Old Vicarage Colebrooke Crediton Devon EX17 5JQ Bankers Lioyds Bank Chelmsford Legg St OSC Legg Street Chelmsford Essex CM1 1JS Independent Examiner Smarter Accounting Chartered Management Accountants 138 High Street Crediton Devon EX17 3DX The Crediton Heart Project Independent examlner's report to the members of The Crediton Heart Project I report to the trustees on my examination of the accounts of the above charity for the period ended 31" March 2025. Responslbillties and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 1"the Act"). I report in respect of my examination of the Trust's account5 carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions gTven by the Charity Commission under section 14515llb) of the Act. Independent examiner's statement In connection with my examination, no matter has come to rny attention: al to which gives me cause to believe that, in any material respect, the general requiremerit5 to keep accounting records in accordance with UK accounting principles have not been met bl to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached Mr N Bishop Smarter Accounting 138 High Street Crediton Devon EA17 3DX THE CREDITON HEART PROJECT Statement of Financial ActTVities For the Year Ended 31 March 2025 2025 2024 Incoming resources gonations Web51te Income Gift Aid Art in the Park Hub Feasibility StL*dy Spring Music Event Summer Event Overhead Transfers Town Team Transfer Crediton Flag Project Other Income 710 1.000 68 1,750 41 14.020 5,500 1,014 1.541 1,850 9.019 1,120 3.911 1,000 2,540 492 Total incoming resource5 28.676 Resources expended Direct Charitable expenditure: The Crediton Heart project operating expenditLtre 30.846 13.926 Total resource5 expended 30,846 Net incoming/ {outgolngl resources for the year 12,1701 2,983 Fund balances brought forward 7,041 4,058 Fund balances carried foThvard £7,041 THE CREDITON HEART PROJECT Balance Sheet As at 31 March 2025 2025 2024 Current a55et5 Debtors Bank Current accounts Cash in hand 300 7,091 5,000 5,121 7.391 Less: current liabilities 250 350 Net current assets 4.871 7,041 Total assets less current liabilitie5 Funds General fund5 Kick Start Art Website/S¢xial Media Flag Project AP241SE24 Spring Music Event 3,139 1481 1.232 4.610 1.431 1.000 184 364 Total funds The financial statements were approved by the Trustee5 on their behalf by= and signed on Dennis Mardon THE CREDITON HEART PROJECT Income & Expenditure Account A5 at 31 March 2025 2025 ZOZ4 Income Donations 710 41 1.750 Website Art in the Park Hub Fea5ibilty Study Sprlng Music Event 5urnmer Event Overhead Transfers Town Team Transfer 1,000 14,020 5,500 1.014 1,541 1.850 9,019 1,120 Cred1ron Flag Project Other Income 2,540 492 Totsl income 28.676 16,909 Expendlture SutrwNer Event 4.572 3.Z40 10.805 650 9.019 Crediton Flag Project Art In the Park Spring Music Event5 Hub Feasibility Grant FP Overhead Fees 6.000 300 25,567 4,019 Other opeTQting costs Meeting Expenses Insurance 87 258 Jo 210 Websiie Managemeni Website Overhead Social Media Ctsmpvter Software Accountancy kick Art Events Grants to Other Organisations Advertisln8 & Markeiing General Expen5e5 700 loo 2,473 400 340 250 1.800 226 168 2,500 596 5,Z79 4.907 Total expenditure 30,846 13,926 SurplusllDeficltl for the year -2.170 2.983