**REGISTERED CHARITY NUMBER: 1193858** ## Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2022 ## for Heart for Philippines Heart for Philippines CIO ## Contents of the Financial Statements for the Year Ended 31 December 2022 ||Page| |---|---| |Report of the Trustees|1 to 3| |Statement of Financial Activities|4| Report of the Trustees for the Year Ended 31 December 2022 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1 to 31 December 2022. The trustees have adopted the Receipts and Payments Accounts method of presenting the financial report. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The objects of the charity are: The relief of those in need in the Philippines and the UK who are and have been impacted by natural disasters, global health crisis and poverty, through the provision of grants, funding and the distribution of essential items, such as food, clothing, hygiene items and educational support. ## **Public benefit** In planning our activities, the trustees keep in mind the Charity Commission guidance on public benefit at their trustee meetings. In view of the charity's objectives to provide relief, the work of the charity has continued to operate in accordance with these aims, seeking to promote public benefit through the charity's activities. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** The charity has had regular communications with the supporter base through social media and via the charity’s website www.heartforphilippines.org. Zobel Starritt has worked closely with the local Filipino community to raise awareness of needs and to raise finances to support projects in the Philippines. ## **FINANCIAL REVIEW** ## **Investment policy and objectives** The charity continues to function successfully. The charity has raised funds from generous donors and these funds have been disbursed successfully to make significant progress with its objectives. ## **Reserves policy** With minimal costs in running the UK Charity the trustees consider that the charity's funds can be fully utilised for urgent projects in the Philippines. However, it is recognised that having a small buffer allows for an instant response to natural disasters before fund raising starts to provide for the project funding. The funds carried forward into 2023 of £3639.54 is viewed as sufficient. ## **FUTURE PLANS** The trustees intend to continue focussing on developing good relationships with the local Filipino community in the UK. The charity will also develop new and innovative ways of using the modest finances and other means to support the projects in the Philippines. 1 Heart for Philippines CIO Report of the Trustees for the Year Ended 31 December 2022 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is a CIO (Charitable Incorporated Organisation) controlled by its constitution registered on 18th March 2021. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Recruitment and appointment of new trustees** Trustees are recruited as needed from a diverse number of backgrounds. Each trustee has relevant experience and a wide skills base which they bring to their service. In the event of particular skills being lost due to retirements, individuals are approached to offer themselves for election to the board of trustees. They are then invited to attend the next board meeting as an observer. They are then given time to consider prayerfully their willingness to stand for election. They are elected to the board of trustees by a vote taken by the existing trustees. ## **Organisational structure** The charity has a board of trustees comprising three trustees. The trustees are responsible for the strategic direction and policy of the charity and have control of the charity and its property and funds. Existing trustees may appoint additional trustees to their number, at any time, providing the total number of trustees is a minimum number of three and a maximum number of six individuals. ## **Induction and training of new trustees** Once trustees are appointed, time is taken to familiarise them with the practices and requirements relating to them as trustees. They are also made familiar with all aspects of the charity's work and financial situation. Any further training or induction takes place as the need arises. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 1193858 (England and Wales) ## **Registered Charity number** 1193858 ## **Registered office** 3 Blackworth Court Blackworth Industrial Estate Highworth SN6 7NS ## **Trustees** Z Starritt N Rocha A Virata ## **Bankers** National Westminster Bank PLC 84 Commercial Road Swindon Wiltshire SN1 5NW 2 Approved by order of the board of trustees on 27 October 2023 and signed on its behalf by: Z Starritt - Trustee 3 Heart for Philippines CIO ## Statement of Financial Activities – Receipts and Payments Accounts for the Year Ended 31 December 2022 ||31.12.22| |---|---| ||Unrestricted| ||funds| |Notes|£| |**RECEIPTS**|| |Donations Received|2,711| |Asset & Investment Sales|0| |**Total Receipts**|2,711| |**PAYMENTS**|| |Funds to Philippines|878| |Asset & Investment Purchases|0| |**Total Payments**|878| |**NET RECEIPTS**|1833| |**STATEMENT OF ASSETS AND LIABILITIES**|| |**Total funds brought forward**|1807| |**TOTAL FUNDS CARRIED FORWARD**|3,640| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the Receipts and Payments Accounts method. The financial statements were approved by the Board of Trustees and authorised for issue on 26 September 2023 and were signed on its behalf by: Z Starritt Trustee 4