Friends of the Heart Foundation of - Charities report - 21.1

REGISTERED COMPANY NUMBER: 01773938 (England and Wales)

REGISTERED CHARITY NUMBER: 284408

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2020

FOR

THE FRIENDS OF THE HEART FOUNDATION OF

JAMAICA LIMITED

Page

Reference and administrative details

1

Report of the trustees

2

to

3

Independent examiner's report

4

Statement of financial activities

5

Balance sheet

6

to

7

Notes to the financial statements

8

to

12

TRUSTEES

Miss Lorna Green DipSW/HE (Chairperson)

Misss Eurica Shaw BA

Heris Stennett BSc (Econ) London

Mrs Dahlia Sterling MA, RN, RHV

REGISTERED OFFICE

299 Northborough Road

Norbury

SW16 4TR

REGISTERED COMPANY NUMBER

01773938 (England and Wales)

REGISTERED CHARITY NUMBER

284408

INDEPENDENT EXAMINER

Leroy Reid & Co

Chartered Certified Accountants

and Statutory Auditors

299 Northborough Road

Norbury

London

SW16 4TR

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 year ended 30th November 2020. 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

The Charity's object and its principal activity continues to be:

(a) To promote such research and post graduate training by creating fellowship by making grants

and providing equipment and other facilities for research and training in cardiology in

established cardiological centres and if thought advisable elsewhere and the results of useful

research to be published for the benefit of the public at large.

(b) To promote health education in such subjects relating to the heart and circulation and the

rehabilitation and relief of those who suffer from diseases of the heart and circulation.

Volunteers

The charity is dependent upon the services of unpaid volunteers and donations in kind.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

During the year, the following donations were made:

Heart Foundation of Jamaica Limited - £11,018 (2019- £10,000)

FINANCIAL REVIEW

Financial position

The statement of financial activities shows a surplus of £600 when compared to the deficit in the previous year of £1,245.

Investment policy and objectives

Under the memorandum and articles of association, the charity has the power to make any investment which the trustees see fit. The trustees have considered that most appropriate policy for investing funds and have found that a deposit account meets their requirements.

Reserves policy

The present level of funding is adequate to support the continuation of the charity for the medium term, and the trustees consider the financial position of the charity to be satisfactory.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Patrons

The following persons and organisations have faithfully supported the charity since its inception and we are ever so grateful for their time, dedication and commitment. They are:

1. The Jamaican High Commissioner.

2. Professor Tony Leiba PhD.

3. Dr K. A. Earle, Consultant BSc MD FRCP.

4. Dr. W. A. Martin, Consultant BSc. MB. BS. FRCP.

5. Dr Dwight Lindo, Consultant MBBS MSc FRCPI FRCPCH

6. Mrs W Smikle, Retired Nurse

7. Mrs L. Robinson

8. Miss Deborah Bryan LLB (Hons) Barrister at Law.

Approved by order of the board of trustees on 24th July 2021 and signed on its behalf by:

Mrs Dahlia Sterling MA, RN, RHV - Trustee

Independent examiner's report to the trustees of The Friends of the Heart Foundation of Jamaica Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th November 2020.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Ebenezer Okai (BSc), FCCA

For and on behalf of

Leroy Reid & Co

Chartered Certified Accountants

and Statutory Auditors

299 Northborough Road

Norbury

London

SW16 4TR

27th July 2021

2020

2019

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

161

125

Other trading activities

2

21,833

32,878

Investment income

3

-

9

Total

21,994

33,012

EXPENDITURE ON

Charitable activities

4

Charitable activities

21,394

34,257

NET INCOME/(EXPENDITURE)

600

(1,245

)

RECONCILIATION OF FUNDS

Total funds brought forward

23,996

25,241

TOTAL FUNDS CARRIED FORWARD

24,596

23,996

2020

2019

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

8

-

77

CURRENT ASSETS

Debtors

9

-

125

Cash at bank

25,076

24,334

25,076

24,459

CREDITORS

Amounts falling due within one year

10

(480

)

(540

)

NET CURRENT ASSETS

24,596

23,919

TOTAL ASSETS LESS CURRENT LIABILITIES

24,596

23,996

NET ASSETS

24,596

23,996

FUNDS

11

Unrestricted funds

24,596

23,996

TOTAL FUNDS

24,596

23,996

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2020 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 24th July 2021 and were signed on its behalf by:

Lorna Green DipSW/HE - Trustee

1.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, 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 Companies Act 2006. 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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

TANGIBLE FIXED ASSETS

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, or over their expected useful lives on the following bases:

Computer Equipment 20% Reducing Balance Basis

TAXATION

The charity is exempt from corporation 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.	OTHER TRADING ACTIVITIES

2020

2019

£

£

Fundraising events

21,833

32,878

3.	INVESTMENT INCOME

2020

2019

£

£

Deposit account interest

-

9

4.	CHARITABLE ACTIVITIES COSTS

Direct

Grant

Costs (see

funding of

note 5)

activities

Totals

£

£

£

Charitable activities

10,376

11,018

21,394

5.	DIRECT COSTS OF CHARITABLE ACTIVITIES

2020

2019

£

£

Postage and stationery

1,123

746

Fundraising cost

8,078

21,420

Accountancy

532

709

Hall Hire

100

1,215

Bank charges

32

75

Insurance

434

72

Depreciation

77

20

10,376

24,257

6.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2020

2019

£

£

Depreciation - owned assets

77

20

7.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30th November 2020 nor for the year ended 30th November 2019.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 30th November 2020 nor for the year ended 30th November 2019.

8.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st December 2019 and 30th November 2020

1,430

DEPRECIATION

At 1st December 2019

1,353

Charge for year

77

At 30th November 2020

1,430

NET BOOK VALUE

At 30th November 2020

-

At 30th November 2019

77

9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

-

125

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Accrued expenses

480

540

11.	MOVEMENT IN FUNDS

Net

At

movement

At

1.12.19

in funds

30.11.20

£

£

£

Unrestricted funds

General fund

23,996

600

24,596

TOTAL FUNDS

23,996

600

24,596

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

21,994

(21,394

)

600

TOTAL FUNDS

21,994

(21,394

)

600

Comparatives for movement in funds

Net

At

movement

At

1.12.18

in funds

30.11.19

£

£

£

Unrestricted funds

General fund

25,241

(1,245

)

23,996

TOTAL FUNDS

25,241

(1,245

)

23,996

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

33,012

(34,257

)

(1,245

)

TOTAL FUNDS

33,012

(34,257

)

(1,245

)

12.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30th November 2020.