Charity number. 1194459
The Heartwamiers Foundation
Report of the Trustees and Unaudtted Finan￿al 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 Tn￿te8$
statèm8nl of Final￿1￿ Athities
statom￿t ol FInarK1￿ PositK¥)
Nol¢s to th• FIna￿al 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 d￿rity forthe ended 31 De(xmber 2023.
The Trustees have adoptsd the provisions ofArAx)unts"w R8wbng by Charrti&s'. Staten￿t of R￿￿mMended Pract￿ applicable to
tharrties preparing their accounts in accordance wrth Ihe Fin￿C￿ 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 P￿￿d&S
nancial asslstsnc* to othffi Ifxal (*8nUos so that iiems and SeThI￿ lo in¢thvwJuals in need. can be pro￿ded.
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 t*le￿¥89. Fiw¢ial 1$ mpde by inVrtat￿ to d)aritses and organisetions
working lo pl￿ent or relieve povety in M81aw. The trust88s have ￿ls￿le[￿j the Chartty Commiwon's guKJ8nce on public benefft,
including the guidanc•'publK ten?fft." • c*wnty IP821'.
ACHIEVEMENT8 AND PERFORIAANCE
Part￿laMYthe el¢Jerfy. orphans and vulnerat4e chi1drenw￿are soc4ally and ec*jrK4n￿Ity at a grnater disthantsge living in marginalised
o)mmunities in rural areas ol Malawl, have benefftted greaty omd •X￿r1￿c￿l r￿l￿froM povety due to the prciocts corried out via our
financial assistgnce grants The Ict45 charths aim to reath fArt furthgr and indLth a widcA¥ Sp￿SOrshIp program logèlhor wtth
shohr lad1￿9$, arf¥Mgst SLNn• rTh)rn. Very exdllrwJ pr• to ￿ w￿¢￿J￿•d In tho nojr futur•.
PINANCIAL REVIEW
The charty raised £42,469.44 from thn81￿$ Wh￿ wer• deposited by the ger￿1 put￿k. directty into the bank 8Ctounl. No monies
were spent to generate thi¥ Incom•. £6,460.09 was ￿ceIved from Grft A•J rel￿1 Thg ¢h8nty h•d 8 total of £48,929.53 plus £28.047.13
from the prevlous year. to SF¢nd in this fina￿￿81 yw, hoH6vor the dwrtty onty spant £50,￿.62, bgaving a cumuLative balance of
£24,420.04 in the bark* to ¥¢nd in th• folo**ig 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 d￿lIty 15 c¥n51iW by Ch￿lIab￿ Incorp)rated Organisation ICIOI.
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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 i*arity 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 C￿rIty
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 s￿8 tho yoar were as follows..
Mr Muhammed Mustul* P•tsl
Mr Irafrdn Yakub On￿ry
Mr Irfan Umarii
Mr Sathm Jr¥a
Ind•p•nd•nt •x*mlMY*
IKZAttourrtants Ltd
5(KJ New Ro*J
Bolton
BL1 5DR
8*nk•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
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The Heartwarmers Foundation
Independent Examiners Report to the Trustees
For the year ended 31 Decern￿r 2023
I report to the trustees on my exarninati¢Jn dthe wx¥ts ofthè thanty for thè yèarerKl&l 31 Dacanknr 2￿23.
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 chetit￿SAct
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 $tst•m•nt
I have ry)mpl8téd my éxamination. I ￿nfirni that no Matte￿ have cfjm8 to my attonlion in c£mn8dion wth the examlnatlon
giving mè cause to believe that in any material respect..
1. accounting Tecords were not kept in respecl of Ihe Chanty as by 1SJ of lh& 2011 AIA.. or
2. th4 8eeounts do not accord with those reoyds. or
3. th8 a￿oUntS do nol COM￿ wth tha applut4e r•quirem8nts o)ncerThng Ihe form and Ix)nlenl of sèt out in the
Charities IA(xounls ar￿ Reports) R8yulatsL¥)s 2cfJ8 other than any wuirement that the a(t£Junts gNe a Irue and fair vi•
which is not a matter considered as part of an independent èxamin8tKJn.
I hav? no ¢oncom$ 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
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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 fO￿ard
Total funds oarrl•d 10Th￿rd
26.047
24,420
4,738
28,047
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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 0￿￿J1
Trustee
18 Odobor 2024
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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¢Y￿rdar￿ 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 ap￿ICable In the UK and Republ￿ of Ireland IFRS
1021 leffectNg 1 January 20191.. Fina￿al 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 p￿1￿ benefit enty under FRS 102. Asso1$ and liabilitlos ar8
inth8lly rocognised al historical cost or transa(*"on ¥due unless cth8Ms8 stated in ra￿an1 ac£ounling pdKy r￿le(SI.
Inooffllng r•￿U￿0
All incoming resources are ir￿￿￿ed in thè stat•m￿t offinancial adivibes ¥rt￿n the CharTty is enliued lo the in¢om¥
and the arnounl e£n b8 quantthed wrth r••sonabl• ¥K￿r4¢y. Thg fC41u￿'ThJ s[￿ffic poJide5 are appl*d to p8rtl¢xlar
eal8gorlbs of Income".
R•sour¢•s •xp•nd•d
Liabilities are recognisèd as resouw exWn￿ when t1￿8 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
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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
un￿￿tro￿t•￿ 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 FlnAnol*J Aatlvlll•s
The eomp8rab.ve year ¥alu•s on th& Statem￿1 ol Fina￿91 Activths are for uNesti**d furbts.
8. Mo¥•m•nt In funds
Unmtrfot•d Puhd•
In¢omSng
Outgoing
rM&ur•••
B*lano• •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 y￿r
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
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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
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This pagè th8s not fovm part ofthe stabjtory statemonts