Charity number. 1194459 The Heartwamiers Foundation Report of the Trustees and Unaudtted Finanal Statements For the year ended 31 December 2023
The Heartwamiers FouThlation Contents Page For the year erKled 31 December 2023 Rewrt ofthe Tnjstees 1to2 Independent Ex8mtrW$ Reptsl to Tnte8$ statèm8nl of Final1 Athities statomt ol FInarK1 PositK¥) Nol¢s to th• FInaal Stat•m• 8t08
The Heartwamiers Foundatson Report of the Trustees For the year erKled 31 December 2023 The Trustees have tAeasure In prwnts.ng thtsir reFQrt and the finarmial statements forthe drity forthe ended 31 De(xmber 2023. The Trustees have adoptsd the provisions ofArAx)unts"w R8wbng by Charrti&s'. Statent of RmMended Pract applicable to tharrties preparing their accounts in accordance wrth Ihe FinC RepKAtmg Sl¥d apF4 in the UK aThJ the Republic of Ireland IFRS 102) {effectwe 1 January 2019). OBJECTIVES ANO ACYMTIE8 The main objective and purp¢)se for th$ Charity is tha ww8nbon reli8f of povwty in the Nral areas ol Malaw. Tho d)arrty Pd&S nancial asslstsnc to othffi Ifxal (8nUos so that iiems and SeThI lo in¢thvwJuals in need. can be proded. ObJwtlv•s and alms The Irustse5 reguL3rfy refer to the Chanty Commww on public benefft prKJr lo deu'yon making on approving finBnd81 •J5iStance. A policy is in pleee to acP#eve our tle¥89. Fiw¢ial 1$ mpde by inVrtat to d)aritses and organisetions working lo plent or relieve povety in M81aw. The trust88s have lsle[j the Chartty Commiwon's guKJ8nce on public benefft, including the guidanc•'publK ten?fft." • cwnty IP821'. ACHIEVEMENT8 AND PERFORIAANCE PartlaMYthe el¢Jerfy. orphans and vulnerat4e chi1drenware soc4ally and ecjrK4nIty at a grnater disthantsge living in marginalised o)mmunities in rural areas ol Malawl, have benefftted greaty omd •Xr1cl rlfroM povety due to the prciocts corried out via our financial assistgnce grants The Ict45 charths aim to reath fArt furthgr and indLth a widcA¥ SpSOrshIp program logèlhor wtth shohr lad19$, arf¥Mgst SLNn• rTh)rn. Very exdllrwJ pr• to w¢J•d In tho nojr futur•. PINANCIAL REVIEW The charty raised £42,469.44 from thn81$ Wh wer• deposited by the ger1 putk. directty into the bank 8Ctounl. No monies were spent to generate thi¥ Incom•. £6,460.09 was ceIved from Grft A•J rel1 Thg ¢h8nty h•d 8 total of £48,929.53 plus £28.047.13 from the prevlous year. to SF¢nd in this fina81 yw, hoH6vor the dwrtty onty spant £50,.62, bgaving a cumuLative balance of £24,420.04 in the bark to ¥¢nd in th• foloig yew. R•s•rv•s The ehanty does not have a teseryes poly becws• arn no ex[ to rmr in the UK. Grants and finarKlal asslstance are onty a¥ai18bl8 funds are avaikqbk in the bank. 8TRUCTURE. GOVERNANCE AND IAANAGEMEMT G•v•rnlnq dooum•nt Th6 charity rs based on a ConslrtutiM. Ftyjndat Mcthl. The dlIty 15 c¥n51iW by ChlIab Incorp)rated Organisation ICIOI. 1of9
The Heartwanners Foundation Report of the Trustees Continued For the year ended 31 December 2023 RooTultm•nt and appolnlrn•nt of trust•05 Apart from the fir51 charity tru51ees, every Injstee must be aprA%nl8d for a tem) of years ty a Tesolution passed at a property convènad m8eting of the charity Irustees. In sdeth'ng indNiduals fo¥ appynlThwrt as a iarity trustee. thè applicant must have skill, knovAedge and ¢xpèritnc• for thè aff•dr administratiC of Ihe CIO. polioy for s•nior staff Trustees are not paid directty or indir• by the charfty- It all vdurlay wcrfk. REFERENCE AND ADMINISTRATIVE INFORMAMON Narn• of CrIty Charlty r•olstratSon numb•r Prfn¢lp41 add$ 1194459 32 Eth3nM)nlAvww• BL3 6TY Trustms The trustees and offi¢ors $¢rviro during tha year and s8 tho yoar were as follows.. Mr Muhammed Mustul P•tsl Mr Irafrdn Yakub Onry Mr Irfan Umarii Mr Sathm Jr¥a Ind•p•nd•nt •xmlMY IKZAttourrtants Ltd 5(KJ New RoJ Bolton BL1 5DR 8nk•F* CashF4us Bank IAPS Financ4al Ltd) Po Box 52768 EC3P 31MI Approved by the Board ofTntstees aThJ $vJn8d on Its behall ty .. 18 Oct(4)er 2024 Mr Sallm JNa 2of9
The Heartwarmers Foundation Independent Examiners Report to the Trustees For the year ended 31 Decernr 2023 I report to the trustees on my exarninati¢Jn dthe wx¥ts ofthè thanty for thè yèarerKl&l 31 Dacanknr 223. R•5p•nsiblllll•s •nd b•sls of r•port As the charity trustees, you are reS)nSIble for the preparation olthe )Unts m Ndance V•lth thè r8quif8nwrts of th6 chetitSAct 2011 ('Ihe 2011 Acri. I report in r8SP8d of rny examinalion of the Ch aeetyjnts earri8d out und•r s•clion 145 of the 2011 Act and in carrying out my examination I have folowed all the 8pplut48 Ll"re¢"ons gr¥en by Ihe Chwity Ccfflmission under section 145I5)(bl of the Ac. Ind•p•nd•nt •xamln•rs $tst•m•nt I have ry)mpl8téd my éxamination. I nfirni that no Matte have cfjm8 to my attonlion in c£mn8dion wth the examlnatlon giving mè cause to believe that in any material respect.. 1. accounting Tecords were not kept in respecl of Ihe Chanty as by 1SJ of lh& 2011 AIA.. or 2. th4 8eeounts do not accord with those reoyds. or 3. th8 aoUntS do nol COM wth tha applut4e r•quirem8nts o)ncerThng Ihe form and Ix)nlenl of sèt out in the Charities IA(xounls ar Reports) R8yulatsL¥)s 2cfJ8 other than any wuirement that the a(t£Junts gNe a Irue and fair vi• which is not a matter considered as part of an independent èxamin8tKJn. I hav? no ¢oncom$ 8nd hav• cg)m• acn)ss rK) olher matters in (¢*On with the examinatKm to whth •tt•nb'on should b¢ drawn in thls report in orderto onable o prtyr undèrstsThh'NJ of the ]unts to be reac+1. IKZ A(uunt8nts Lti Cartrol 500 Chorfey New Road Bolton BL15DR 18 October 2024 3ofg
The Heartwarmers Foundation Statement of Financial Activiti'es For the year ended 31 December 2023 Unrnstrlot•d funds 2022 In¢om• and •ndty*m•nts from: Donatsons & GIftAk1 48,930 108,732 108,732 Expgndltur• on: Raising lunds Totsl {50,Ssn 150,5671 -1,127 187,421) {87,4211 21.311 N•t Inoom• R•oonolll•tk•n Total fvnds brought fOard Total funds oarrl•d 10Thrd 26.047 24,420 4,738 28,047 4of9
The Heartwamiers Foundation ststement of Financial Postlion As at 31 Decemter 2023 2023 2022 Curr•rtas6•ts Cash at bank and in harKI 24,420 24A20 28.047 28,047 N•t ¢urr•nt •ss•ts 24.420 24.420 28.047 28,047 Totsl ass•ts l•s$ ourr•nt Il#bllltb•s N•t as8•ts 24,420 ,047 Th• funds Ol th• ¢harlty Unrestricted income funds 24.420 24,420 28.047 28.047 Totsl fuhd8 The financial statsments wgrg apprcved ond wllvywd by the Board WKI gn6d on its bèhall by.. Mr Irafan Yakub 0J1 Trustee 18 Odobor 2024 5of9
The Heartwarmers Foundation Notes to the Financtal Ststements For the year ended 31 tkcember 2023 l. Aooounling Poli¢i•s Ba$1$ of aooountinq Thè financaal statements have been preprnl under th8 historical cc6t cgjnvention, exc8Pt for imiestmonts wlwch are InclLtded at market value and the revduatitsn of Cer"n ¢{1 awls and in 8¢Yrdar with Ihe Charities SORP {FRS 1021 'Accounts"ng and ROpO"n9 by Chants'es.. Ststemerrt of RecommerKled Prath"rA applicable to charit18s preparing Ihelr accounts in accordaneè wrth th$ Finartial R6poiting Standard apICable In the UK and Republ of Ireland IFRS 1021 leffectNg 1 January 20191.. Finaal RfjportiThJ Standard 102 the Financaal Rwrling Standard app"¢aLle in the UK and Republic of Ireland {FRS 1021, th? Chariti8sA¢t 2011. The Heathiamwrs Foundation meats the definthn of a p1 benefit enty under FRS 102. Asso1$ and liabilitlos ar8 inth8lly rocognised al historical cost or transa("on ¥due unless cth8Ms8 stated in raan1 ac£ounling pdKy rle(SI. Inooffllng r•U0 All incoming resources are ired in thè stat•mt offinancial adivibes ¥rtn the CharTty is enliued lo the in¢om¥ and the arnounl e£n b8 quantthed wrth r••sonabl• ¥Kr4¢y. Thg fC41u'ThJ s[ffic poJide5 are appld to p8rtl¢xlar eal8gorlbs of Income". R•sour¢•s •xp•nd•d Liabilities are recognisèd as resouw exWn when t18 is 8 Wl or cy)nstllKaive oblyation comitting lh* Charty to the expenditure.. 2. Inoom• from donatlons •nd l•ga¢l 2023 2022 Unmtrlot•d funds Donatkns re¢efved 42.489 6,461 48,930 95,253 13,479 108,732 Grants rwrv8d Analysls ol grants Y•o•iv•d 2023 2022 Gift Akl 6.461 13.479 13A70 6of9
The Heartwamiers Foundation Notes to the Finanaal Statements For th8 year ended 31 Decemb8r 2023 3. Exp•ndhr• on g•n•r•llng don•ll0 •nd l•g•ol•• 21)23 2022 untrot• fund5 Oonab'ons 50,557 60,667 87,421 87,421 4. Partiaulars ol •rnploy••s 2023 2022 Enwloyees 6. Comp4Yatlv• for th• 8tst•m•nt ot FlnAnolJ Aatlvlll•s The eomp8rab.ve year ¥alu•s on th& Statem1 ol Fina91 Activths are for uNestid furbts. 8. Mo¥•m•nt In funds Unmtrfot•d Puhd• In¢omSng Outgoing rM&ur••• Blano• •t 3111212023 01101rd023 General General 28.047 48.930 ISQ.Ssn 160,6671 24.420 24,420 28.047 48.930 Unr•strlot•d Fund¥- Pr•vlous ymr BalanG• *t 0110112W22 In¢omlng Outgoing BaSan6• At 3111212022 Gen8r81 General 4,736 4,731 108,732 108.732 187,4211 187,4211 26,047 28,047 7of9
The Heartwamiers Foundation Notes to the Financial Statements For the year ended 31 December 2023 7. Analysls ot n•t •ss•ts b•tw••n lunds N•t ¢uMn¢ N•¢AM•ts Ag9*ts1 Unr•striotsd Genernl Ggngral 24,420 24,420 24,420 24,420 Pr•OU9 yr Pl•t ¢urr•tti N•t A•••ts Au•ts I Unr•strfot•d fvnd• Ggn•r•l General 28,047 26,047 26.047 28,047 8of9
The Heartwarmers Foundation Detailed Statement of Financial Activities For the year ended 31 December 2023 X12J 2022 INCOMEAND ENDO%WAE14T Oon4thn¥ 4nd1•9•01 Don8tions Grants recefvab 42.469 6.461 95,253 13,479 48,930 108,732 T•l•l Inowilng r•sour+2•1 48.gao 108.7¥2 expENDITURE R•hlng don•ll¢Jns and I•0• Don8¢5 150.557) (87.4211 {50,567) 187,4211 Totsl mourew •xp•nd•d ISO.SSn 187,4211 N•t In••m• .11,127) 21.311 9of9 This pagè th8s not fovm part ofthe stabjtory statemonts