**REGISTERED CHARITY NUMBER: 1192051** ## REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023 FOR ## HEARTS HELPING HERTS HEARTS HELPING HERTS ## CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023 ||Page| |---|---| |Report of the Trustees|1| |Independent Examiner's Report|2| |Statement of Financial Activities|3| |Balance Sheet|4| |Notes to the Financial Statements|5 to 8| |Detailed Statement of Financial Activities|9| HEARTS HELPING HERTS ## REPORT OF THE TRUSTEES ## FOR THE YEAR ENDED 31 JANUARY 2023 The trustees present their report with the financial statements of the charity for the year ended 31 January 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** Supporting Broxbourne Borough residents living in crisis. A food bank related service providing fresh food and ambient products for those unable to afford a meal every week, including a Mindful Craft Cafe in support of poor mental health related illnesses. These support services are delivered from Rosedale Community Church in Cheshunt. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1192051 ## **Principal address** 48 Hartness Rosedale Cheshunt Hertfordshire EN7 6JY ## **Trustees** Ms A D Moss Ms S E Norgrove (resigned 3.7.2023) G Malena (resigned 3.7.2023) N Carraway (appointed 21.12.2022) J Fielding (appointed 23.6.2023) P Chorley (appointed 10.7.2023) H Wright (appointed 16.8.2023) D Thomas (appointed 6.7.2023) ## **Independent Examiner** Abbey Accountants Limited Old Bishops' College Churchgate Cheshunt Hertfordshire EN8 9XP Approved by order of the board of trustees on 29 November 2023 and signed on its behalf by: Ms A D Moss - Trustee ## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HEARTS HELPING HERTS ## **Independent examiner's report to the trustees of Hearts Helping Herts** I report to the charity trustees on my examination of the accounts of Hearts Helping Herts (the Trust) for the year ended 31 January 2023. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. P McDaid CTA ATT Abbey Accountants Limited Old Bishops' College Churchgate Cheshunt Hertfordshire EN8 9XP 29 November 2023 HEARTS HELPING HERTS ## STATEMENT OF FINANCIAL ACTIVITIES ## FOR THE YEAR ENDED 31 JANUARY 2023 ||||Period|| |---|---|---|---|---| ||||28.10.20|| |||Year Ended|to|| |||31.1.23|31.1.22|| |||Unrestricted|Unrestricted|| |||fund|funds|| ||Notes|£|£|| |**INCOME AND ENDOWMENTS FROM**||||| |Donations and legacies||56,712|47,539|| |**EXPENDITURE ON**||||| |Raising funds|2|58,375|45,185|| |**NET INCOME/(EXPENDITURE)**||(1,663)|2,354|| |**RECONCILIATION OF FUNDS**||||| |Total funds brought forward||2,354||-| |**TOTAL FUNDS CARRIED FORWARD**||691|2,354|| The notes form part of these financial statements ## HEARTS HELPING HERTS ## BALANCE SHEET ## 31 JANUARY 2023 |||2023|2023|2022| |---|---|---|---|---| |||Unrestricted||Unrestricted| |||fund||funds| ||Notes|£||£| |**FIXED ASSETS**||||| |Tangible assets|5|3,693||3,161| |**CURRENT ASSETS**||||| |Cash at bank|||61|3| |**CREDITORS**||||| |Amounts falling due within one year|6|(3,063)||(810)| |**NET CURRENT ASSETS**||(3,002)||(807)| |**TOTAL ASSETS LESS CURRENT**||||| |**LIABILITIES**|||691|2,354| |**NET ASSETS**|||691|2,354| |**FUNDS**|7|||| |Unrestricted funds|||691|2,354| |**TOTAL FUNDS**|||691|2,354| The financial statements were approved by the Board of Trustees and authorised for issue on 29 November 2023 and were signed on its behalf by: A D Moss - Trustee The notes form part of these financial statements HEARTS HELPING HERTS ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. RAISING FUNDS** ## **Raising donations and legacies** |**Raising donations and legacies**||| |---|---|---| |||Period| |||28.10.20| ||Year Ended|to| ||31.1.23|31.1.22| ||£|£| |Food support|4,346|2,485| |Gas/Elect support|6,393|2,027| |Other assistance|4,275|1,373| |Days out support|10|1,076| |Give a xmas smile project|1,099|1,270| |Support costs|94|-| ||16,217|8,231| HEARTS HELPING HERTS ## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023 ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 January 2023 nor for the period ended 31 January 2022. ## **Trustees' expenses** The total trustees expenses paid in the year amounted to £11,288 (2022: £10,381). ## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ||Unrestricted| |---|---| ||fund| ||£| |**INCOME AND ENDOWMENTS FROM**|| |Donations and legacies|47,539| |**EXPENDITURE ON**|| |Raising funds|45,185| |**NET INCOME**|2,354| |**TOTAL FUNDS CARRIED FORWARD**|2,354| ## **5. TANGIBLE FIXED ASSETS** |||Fixtures||| |---|---|---|---|---| ||Plant and|and|Computer|| ||machinery|fittings|equipment|Totals| ||£|£|£|£| |**COST**||||| |At 1 February 2022|1,712|-|1,449|3,161| |Additions|-|237|295|532| |At 31 January 2023|1,712|237|1,744|3,693| |**NET BOOK VALUE**||||| |At 31 January 2023|1,712|237|1,744|3,693| |At 31 January 2022|1,712|-|1,449|3,161| HEARTS HELPING HERTS ## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023 **6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** ||||2023|2022| |---|---|---|---|---| ||||£|£| ||Other creditors||3,063|810| |**7.**|**MOVEMENT IN FUNDS**|||| ||||Net|| ||||movement|At| |||At 1.2.22|in funds|31.1.23| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|2,354|(1,663)|691| ||**TOTAL FUNDS**|2,354|(1,663)|691| ||Net movement in funds, included in the above are as follows:|||| |||Incoming|Resources|Movement| |||resources|expended|in funds| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|56,712|(58,375)|(1,663)| ||**TOTAL FUNDS**|56,712|(58,375)|(1,663)| ||**Comparatives for movement in funds**|||| ||||Net|| ||||movement|At| ||||in funds|31.1.22| ||||£|£| ||**Unrestricted funds**|||| ||General fund||2,354|2,354| ||**TOTAL FUNDS**||2,354|2,354| ||Comparative net movement in funds, included in the above are as follows:|||| |||Incoming|Resources|Movement| |||resources|expended|in funds| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|47,539|(45,185)|2,354| ||**TOTAL FUNDS**|47,539|(45,185)|2,354| HEARTS HELPING HERTS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023 ## **8. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 January 2023. ## HEARTS HELPING HERTS ## DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2023 |FOR THE YEAR ENDED|31 JANUARY 2023|| |---|---|---| |||Period| |||28.10.20| ||Year Ended|to| ||31.1.23|31.1.22| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|4,802|2,983| |Grants|51,910|44,556| ||56,712|47,539| |**Total incoming resources**|56,712|47,539| |**EXPENDITURE**||| |**Raising donations and legacies**||| |Food support|4,346|2,485| |Gas/Elect support|6,393|2,027| |Other assistance|4,275|1,373| |Days out support|10|1,076| |Give a xmas smile project|1,099|1,270| ||16,123|8,231| |**Other trading activities**||| |Food purchases|13,070|14,028| |Equipment and other supplies|218|1,479| |Administration expenses|13,127|11,293| |Rent|4,414|2,154| |Accountancy|960|810| |Motor vehicle expenses|5,436|3,048| |IT software|-|127| |Website expenses|202|1,864| |Office costs|1,622|1,095| |Printing, postage & stationery|502|355| |Subscriptions|242|-| |Marketing|186|-| |Other expenses|1,762|603| |Training|15|-| |Insurance|402|-| ||42,158|36,856| |**Support costs**||| |**Finance**||| |Bank charges|94|98| |Total resources expended|58,375|45,185| |**Net (expenditure)/income**|(1,663)|2,354| This page does not form part of the statutory financial statements