HOPE IN THE HEART CIC

Company limited by guarantee

Company Registration Number:
08399755 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

HOPE IN THE HEART CIC

Contents of the Financial Statements

for the Period Ended 28 February 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

HOPE IN THE HEART CIC

Directors' report period ended 28 February 2024

The directors present their report with the financial statements of the company for the period ended 28 February 2024

Principal activities of the company

Principal activity of the company during the financial year was to provide benefit to individuals and groups looking for positive change in their lives



Directors

The directors shown below have held office during the whole of the period from
1 March 2023 to 28 February 2024

Tracey Ann Martin Fowles
Fenna May Sadie Martin
Sophie Anna Coxon
Gunel Ismikhanova


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
28 November 2024

And signed on behalf of the board by:
Name: Tracey Ann Martin Fowles
Status: Director

HOPE IN THE HEART CIC

Profit And Loss Account

for the Period Ended 28 February 2024

2024 2023


£

£
Turnover: 6,449 200
Cost of sales: ( 6,898 ) ( 1,075 )
Gross profit(or loss): (449) (875)
Administrative expenses: ( 88,886 ) ( 112,112 )
Other operating income: 93,445 113,136
Operating profit(or loss): 4,110 149
Profit(or loss) before tax: 4,110 149
Tax: ( 558 )
Profit(or loss) for the financial year: 3,552 149

HOPE IN THE HEART CIC

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 838 2,740
Total fixed assets: 838 2,740
Current assets
Cash at bank and in hand: 21,399 7,127
Total current assets: 21,399 7,127
Creditors: amounts falling due within one year: 4 ( 18,614 ) ( 7,893 )
Net current assets (liabilities): 2,785 (766)
Total assets less current liabilities: 3,623 1,974
Creditors: amounts falling due after more than one year: 5 ( 838 ) ( 2,740 )
Total net assets (liabilities): 2,785 (766)
Members' funds
Profit and loss account: 2,785 ( 766)
Total members' funds: 2,785 (766)

The notes form part of these financial statements

HOPE IN THE HEART CIC

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 28 November 2024
and signed on behalf of the board by:

Name: Tracey Ann Martin Fowles
Status: Director

The notes form part of these financial statements

HOPE IN THE HEART CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets, over £500, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Computer equipment - Straight line over 3 years

    Other accounting policies

    Grant Income Grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

HOPE IN THE HEART CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

HOPE IN THE HEART CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 6,858 6,858
Additions
Disposals
Revaluations
Transfers
At 28 February 2024 6,858 6,858
Depreciation
At 1 March 2023 4,118 4,118
Charge for year 1,902 1,902
On disposals
Other adjustments
At 28 February 2024 6,020 6,020
Net book value
At 28 February 2024 838 838
At 28 February 2023 2,740 2,740

HOPE IN THE HEART CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 671
Taxation and social security 558
Accruals and deferred income 18,056 7,222
Total 18,614 7,893

HOPE IN THE HEART CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 838 2,740
Total 838 2,740

COMMUNITY INTEREST ANNUAL REPORT

HOPE IN THE HEART CIC

Company Number: 08399755 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

This was a year of further growth and development. Now with a base and free office and event space in Brixton, London we are able to offer more regular community workshops and these were well-attended during this period, with participants reporting significant recovery and progress as a result. We had our first major London exhibition of the Messages from the HeART artwork, at International House, Brixton, with associated events. Several hundred people attended and feedback was excellent. We met many new associates, some of whom have become collaborators, and we recruited new workshop participants. We were invited to exhibit at external conferences and events including the Royal College of Psychiatrists and University of Central London later in the year. A community partnership with Battersea Arts Centre provided a second free venue for workshops and events. We were successful in acquiring funding from the National Lottery Awards for All fund and Wandworth Council’s City of Sanctuary fund and designed and began to run regular workshops to bring together refugees/asylum seekers and other local people at BAC. A new collaboration with South London Listens/Citizens UK led to HITH becoming a BeWell hub with opportunities for staff and volunteers to attend valuable training and networking events and take part in significant community events. Another collaboration with the University of Central Lancashire’s Madzines Research Project led to new connections, networking and workshop/speaking events in new areas. with Tam travelling to Glasgow and the North of England (on one occasion accompanied by a workshop participant/artist) as well as continuing to work regularly in Plymouth. We continued to encourage workshop participants to become volunteers and, where possible, paid sessional workers. We continued to collaborate with the University of Central London on evaluation of our work.

Consultation with stakeholders

Once again it has remained a vital part of HITH’s ethos and service to communicate and consult with stakeholders throughout this time. Stakeholders have been involved with all elements of the workshops/exhibitions and other events and we have been working with the University of East London Psychology Dept. on optimising the gathering of feedback and responses. Consultations and evaluations have taken place via postcards, online and paper forms, social media, photographs, video interviews and through artwork and performance. In addition to general ongoing consultation about projects, content etc, we have consulted with and involved our stakeholders in the evaluation process with UEL students. Feedback has been good and, while we have tweaked services according to the requirements of our stakeholders, they have generally been happy with the way things are. Stakeholders include sessional staff and volunteers, service-users and collaborating organisations and individuals, and local community networks.

Directors' remuneration

Total directors remuneration included within the accounts is £75,288

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
28 November 2024

And signed on behalf of the board by:
Name: Tracey Ann Martin Fowles
Status: Director