**Charity registration number 1196594 (England and Wales)**
## **JOSHY'S HEART OF GOLD**
# **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2025**
## **JOSHY'S HEART OF GOLD**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
Ms V Battman
**Trustees** Ms V Battman **Charity number (England and Wales)** 1196594 **Accountants** Perrys Audit Limited 4th Floor 399-401 Strand London United Kingdom WC2R 0LT **Bankers** Metro Bank plc One Southampton Row London WC1B 5HA
(Appointed 23 September 2025)
## **JOSHY'S HEART OF GOLD**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Accountants' report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8 - 12|
## **JOSHY'S HEART OF GOLD**
## **TRUSTEES' REPORT**
## **FOR THE YEAR ENDED 31 MARCH 2025**
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and "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**
To relieve the distress and suffering of parents, families and friends of those affected by fatal or serious injury of a loved one in particular but not exclusively those who are affected by the fatal of serious injury of a child or young person in a road traffic incident. Covering Southeast London.
## Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
## Significant activities and achievements against objectives
In the first couple of years the charity has been running the founder and trustees have tried to raise as much funds as possible, by organising a bike ride, family fun run, event nights and Victoria has completed a sky dive herself. We have held Christmas carnivals, Joshes 16th Birthday Football Fundraiser and have received a corporate donation to support our Objects.
The Charity has helped with funds raised from these events in the following ways.
- The charity has helped to put in place at the Royal London hospital a bereavement nurse to support families.
- The charity has created a tranquil family room filled with toys and comforts so families dealing with a distressing time of having a sick child can have somewhere to be together in the hospital.
- The Charity has given grants to families with a sick child at the Royal London Hospital so they can use the money for food, travel costs, or a hotel stay.
- At Christmas the charity provided gifts for children staying in the children's ward at Royal London Hospital.
## **Financial review**
We received £9,700 in donations in the year. The charity is steadily growing and raising awareness which is resulting in more donations being received.
## Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
We strive to build up reserves in order to budget for cover for a period of running costs, The Trustees estimate that an adequate level of unrestricted reserves would be three months of expenditure or around £2000.00. The unrestricted reserve balance at the year- end is £13,694.
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## **JOSHY'S HEART OF GOLD**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
## Major risks
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
The trustees have a risk management strategy which comprises:
- An annual review of the risks the charity may face;
- The establishment of systems and procedures to mitigate those risks identified in the plan; and
- The implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.
Risks within Joshy’s Heart of Gold are continually monitored by the Trustees at trustee meetings. A key element in the management of financial risk is the setting of a reserves policy and its regular review by the trustees.
The Charity is committed to safeguarding all those who participate in its activities and expects all staff and volunteers to share this commitment.
Commitment is implemented through appropriate checks, training and procedures.
The trustees confirm that they have referred to guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
## **Plans for future periods**
- To continue to help bereaved families in their hour of need providing grants at Royal London hospital.
- To look at putting bereavement nurses and tranquil family rooms on children’s wards in other local hospitals.
- Create a memorial garden where people can have a tranquil open space.
The trustees and founder want the charity to be as successful as possible and will be implementing the following to help development.
- Organising new fundraising events which concentrate on small outlay but good profit for the charity.
- Building good relationships with local business to build up more awareness of the charity to result in more donations and raffle prizes for events.
- Look into funding that may be available for the charity from the government or other organisations.
- Build up social media platforms and website to raise awareness with the public to receive more donations.
## **Structure, governance and management**
The charity is a charitable incorporated organisation registered in England and Wales. The charity registration number is 1196594.
The trustees who served during the year and up to the date of signature of the financial statements were: Ms S Young (Resigned 31 March 2025) Ms D Still (Resigned 1 May 2025) Ms L Carter (Resigned 31 March 2025) Ms V Battman (Appointed 23 September 2025)
## Recruitment and appointment of trustees
When new trustees are appointed, they are given an induction by the founder on the charity’s core values and procedures.
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## **JOSHY'S HEART OF GOLD**
## **TRUSTEES' REPORT (CONTINUED)**
## **FOR THE YEAR ENDED 31 MARCH 2025**
## Organisational structure
Trustee meetings are held every 2 months. The Trustees agree the strategy, policies and terms and conditions for the day to day running of the organisation, Joshy’s Heart Of Gold handbook lays out information for staff and volunteers on all aspects of our operations, including Legal Structure, Terms and Conditions, Constitution and Policies. Policies and procedures in place include:
- Health and Safety Policy
- Equality, Diversity & Inclusion Policy
- Environmental Statement
- Social Media & Digital Communications Policy
- Confidentiality Policy
- Data Protection Policy
- Complaints Procedure
The trustees' report was approved by the Board of Trustees.
Ms V Battman **Trustee**
20 February 2026
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## **JOSHY'S HEART OF GOLD**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
## **FOR THE YEAR ENDED 31 MARCH 2025**
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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## **JOSHY'S HEART OF GOLD**
## **CHARTERED ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF JOSHY'S HEART OF GOLD FOR THE YEAR ENDED 31 MARCH 2025**
In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the financial statements of Joshy's Heart of Gold for the year ended 31 March 2025, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/ regulation.
This report is made to the charity's trustees, as a body, in accordance with the terms of our engagement letter dated 26 January 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Joshy's Heart of Gold and state those matters that we have agreed to state to the charity's trustees, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Joshy's Heart of Gold and the charity's trustees as a body, for our work or for this report.
It is your duty to ensure that Joshy's Heart of Gold has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of Joshy's Heart of Gold. You consider that Joshy's Heart of Gold is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.
We have not been instructed to carry out an audit or a review of the financial statements of Joshy's Heart of Gold. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
## **Perrys Audit Limited**
Chartered Accountants 4th Floor 399-401 Strand London WC2R 0LT United Kingdom 20 February 2026
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## **JOSHY'S HEART OF GOLD**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 MARCH 2025**
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2025**|**2024**|
||**Notes**|**£**|**£**|
|**Income and endowments from:**||||
|Donations and legacies|**3**|9,700|9,769|
|Other income|**4**|864|-|
|**Total income**||10,564|9,769|
|**Expenditure on:**||||
|Raising funds|**5**|840|4,563|
|Charitable activities|**6**|2,346|5,852|
|**Total expenditure**||3,186|10,415|
|**Net income/(expenditure) and movement in funds**||7,378|(646)|
|**Reconciliation of funds:**||||
|Fund balances at 1 April 2024||6,316|6,962|
|**Fund balances at 31 March 2025**||13,694|6,316|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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## **JOSHY'S HEART OF GOLD**
## **BALANCE SHEET**
## **AS AT 31 MARCH 2025**
|**Notes**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**11**
**Net current assets**
**The funds of the charity**
Unrestricted funds
**12**|**2025**
**£**
14,414
(720)|**£**
13,694
13,694
13,694|**2024**
**£**
8,020
(1,704)|**£**
6,316|
|---|---|---|---|---|
|||||6,316|
|||||6,316|
The financial statements were approved by the trustees on 20 February 2026
Ms V Battman **Trustee**
- 7 -
## **JOSHY'S HEART OF GOLD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **1 Accounting policies**
## **Charity information**
Joshy's Heart of Gold is a charitable incorporated organisation (CIO) registered with the Charity Commission in England and Wales.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
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## **JOSHY'S HEART OF GOLD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
## **1 Accounting policies**
**(Continued)**
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
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## **JOSHY'S HEART OF GOLD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
## **1 Accounting policies**
**(Continued)**
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.7 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Income from donations and legacies**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|Donations and gifts|9,700|9,769|
|**Other income**|||
||**Unrestricted**|**Unrestricted**|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|Other income|864|-|
## **4 Other income**
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## **JOSHY'S HEART OF GOLD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 MARCH 2025**
## **5 Expenditure on raising funds**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|**Fundraising and publicity**|||
|Staging fundraising events|-|3,054|
|Fundraising agents|840|1,509|
||840|4,563|
## **6 Expenditure on charitable activities**
|**Support**
**costs**
**Governanc**
**e costs**
**2025**
**2025**
**£**
**£**
**Direct costs**
Grants to hospitals
1,049
-
Telephone
457
-
Accountancy
120
-
1,626
-
**Share of support and governance costs (see note 7)**
Governance
-
720
1,626
720
**Analysis by fund**
Unrestricted funds
1,626
720
**Support costs allocated to activities**
Governance costs
**Analysed between:**
Governance costs|**Total**
**Support**
**costs**
**Governanc**
**e costs**
**2025**
**2024**
**2024**
**£**
**£**
**£**
1,049
3,709
-
457
503
-
120
800
-
1,626
5,012
-
720
-
840
2,346
5,012
840
2,346
5,012
840
**2025**
**£**
720
720|**Total**
**2024**
**£**
3,709
503
800|
|---|---|---|
|||5,012
840|
|||5,852|
|||5,852|
|||**2024**
**£**
840|
|||840|
## **7 Support costs allocated to activities**
## **8 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
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## **JOSHY'S HEART OF GOLD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
## **9 Employees**
The average monthly number of employees during the year was:
||**2025**|**2024**|
|---|---|---|
||**Number**|**Number**|
|Total|-|-|
There were no employees whose annual remuneration was more than £60,000.
## **10 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **11 Creditors: amounts falling due within one year**
|**Creditors: amounts falling due within one year**|||
|---|---|---|
|Other creditors
Accruals and deferred income|**2025**
**£**
-
720
720|**2024**
**£**
864
840|
|||1,704|
## **12 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|**At 1 April 2024**
**Incoming**
**resources**
**Resources**
**expended**
**At 31**
**£**
**£**
**£**
General funds
6,316
10,564
(3,186)
**Previous year:**
**At 1 April 2023**
**Incoming**
**resources**
**Resources**
**expended**
**At 31**
**£**
**£**
**£**
General funds
6,962
9,769
(10,415)|**March**
**2025**
**£**
13,694|
|---|---|
||**March**
**2024**
**£**
6,316|
## **13 Related party transactions**
There were no disclosable related party transactions during the year (2024 - none).
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