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Registered number: 04418183
Charity number: 1093454
THE YELLOW HEART TRUST
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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THE YELLOW HEART TRUST
(A company limited by guarantee)
CONTENTS
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Reference and administrative details of the Company, its Trustees and advisers
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Statement of financial activities
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Notes to the financial statements
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THE YELLOW HEART TRUST
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 APRIL 2025
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Philip Robinson, Chief Executive
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Jennifer Philpott, Trustee (resigned 20 August 2024)
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Company registered number
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Charity registered number
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Whitehouse Farm Cottage
Staplefield Lane
Staplefield
Haywards Heath
Sussex
RH17 6AU
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Pers & Co
Chartered Accountants
3 The Shrubberies
George Lane
South Woodford
London
E18 1BG
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National Westminster Bank Plc
153 Putney High Street
London
SW15 1RX
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THE YELLOW HEART TRUST
(A company limited by guarantee)
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 APRIL 2025
The Trustees present their annual report together with the financial statements of the Company for the 1 May 2024 to 30 April 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The charity's objective is the relief of distress relating to complex trauma and/or addiction.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. As Yellow Heart trustees we are fortunate to be able to provide grants for people who could not afford therapy otherwise. We broadened the scope of support several years ago. Instead of "...providing grants for single-incident trauma and/or issues relating to addiction, "our objective is now "...the relief of distress relating to complex trauma and/or addiction".
Achievements and performance
a. Main achievements of the Company
YHT continues to provide grants to those suffering from issues related to trauma and/or addiction mainly in the London area. Our grant giving is mostly covered by means of a tried and tested fund-raising capability and administration costs are kept to a minimum.
These achievements would not have been possible without two individuals who left us over the year namely Jenni Philpott and Felicity Pilkington Biggart.
Jenni has been with YHT for well over two decades since the charity was founded by Alex Fontaine MBE. Jenni has provided calm and experienced input with a vital memory of how the charity has evolved over 20 years. She was the conscience of the group and had valuable experience of many of the highs and lows that have been experienced over this period. She was also able to provide much needed joy and laughter – always a gift to a trustee board!
Felicity always called YHT her favourite small charity. As a professional adviser with years of experience within the trauma field Felicity provided professional, insightful and comprehensive input not only with the grant applications received but also with the strategic trajectory of the charity. Felicity always went the extra mile and provided a steady hand when things were particularly challenging several years ago.
Both Jenni and Felicity will be much missed and we thank them most sincerely for their time, energy and valuable input.
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THE YELLOW HEART TRUST
(A company limited by guarantee)
Achievements and performance (continued)
b. Review of activities
YHT awarded 9 grants valued at £5,438 during the year under review. This is significantly lower than the level for the previous year (2024: £8,270) and this is mainly the result of two of our strategic partners not being in a position to provide suitable applications to YHT. The trustees have noted this and reminded the relevant strategic partners of YHT’s ability and willingness to help appropriate beneficiaries.
YHT has established partnerships with four psychotherapeutic practices mainly in the London area namely Arbours Association, Camden Psychotherapy Practice (CPU), the Flame Centre and One in Four. The latter two were those who primarily tapped into the largesse of YHT.
As our strategic partners are committed to providing therapy at charitable rates it is very pleasing to report that the average cost of a therapeutic session funded by YHT is £32, with fees for clients ranging from as low as £15 up to £60. Without the commitment of our strategic partners it would be impossible to offer this low cost therapy to deserving beneficiaries.
The trustees thank Pers Aswani who continued to provide excellent charitable rate accounting services to the charity, just as he has done for well over a decade.
During the year under review the Trustees Joanna Cain, Thomas Collins and Philip Robinson continued to work for the YHT with added input provided by our Adviser Ann Sloboda. Thomas also ably assumed the mantle of Charity Manager. We thank everyone for providing their valuable services without payment.
Financial review
a. Reserves policy
The trustees feel comfortable that our financial reserves will enable the Yellow Heart Trust to award grants for the next several years.
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THE YELLOW HEART TRUST
(A company limited by guarantee)
Financial review (continued)
b. Principal funding
The charity relies upon donations for its income, including monthly and annual donations. The charity recorded a net deficit of £2,765 for the year. At the balance sheet date, the charity had total resources to be carried forward of £12,279 which in the opinion of the trustees is enough (but not excessive) for the continued operation of the charity. The trustees have assessed the major risks to which the charity is exposed and continue to monitor these risks, and are satisfied that systems are in place to mitigate exposure to the major risks.
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THE YELLOW HEART TRUST
(A company limited by guarantee)
Financial review (continued)
Structure, governance and management
a. Constitution
The Yellow Heart Trust is company limited by guarantee and governed by its Memorandum and Articles of Association. It is registered with the Charity Commission.
b. Methods of appointment or election of Trustees
The trustees are appointed in accordance with the terms of the governing document.
c. Related party relationships
None of the trustees had any beneficial interest in the company. All the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law) 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).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
∙select suitable accounting policies and then apply them consistently;
∙observe the methods and principles of the Charities SORP (FRS 102);
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 5 December 2025 and signed on their behalf by:
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THE YELLOW HEART TRUST
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 APRIL 2025
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Total funds brought forward
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Total funds carried forward
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The Statement of financial activities includes all gains and losses recognised in the year.
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The notes on pages 9 to 15 form part of these financial statements.
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THE YELLOW HEART TRUST
(A company limited by guarantee)
REGISTERED NUMBER: 04418183
BALANCE SHEET
AS AT 30 APRIL 2025
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Net assets excluding pension asset
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The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 05 December 2025 and signed on their behalf by:
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THE YELLOW HEART TRUST
(A company limited by guarantee)
REGISTERED NUMBER: 04418183
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2025
The notes on pages 9 to 15 form part of these financial statements.
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THE YELLOW HEART TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
The Yellow Heart Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Whitehouse Farm Cottage, Staplefield Lane, Staplefield, Haywards Heath, England RH17 6AU.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Yellow Heart Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
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.
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
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 allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
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THE YELLOW HEART TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
2.Accounting policies (continued)
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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Liabilities and provisions
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Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
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THE YELLOW HEART TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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Income from donations and legacies
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The investment income relates to bank interest received during the year.
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THE YELLOW HEART TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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Expenditure on raising funds
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Costs of raising voluntary income
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Costs of raising voluntary income
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The above total expenditure includes £980 plus vat for accountancy costs for the year and £1,200 honorarium as explained in note 12.
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THE YELLOW HEART TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
5.Expenditure on raising funds (continued)
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Costs of raising voluntary income (continued)
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Costs of raising voluntary income
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Grants to Individuals
2025
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Grants, Main charitable activity
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Grants to Individuals
2024
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Grants, Main charitable activity
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Analysis of expenditure on charitable activities
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THE YELLOW HEART TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
7.Analysis of expenditure on charitable activities (continued)
Summary by fund type (continued)
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Analysis of expenditure by activities
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Grant funding of activities
2025
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Grant funding of activities
2024
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Trustees' remuneration and expenses
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During the year ended 30 April 2025, no Trustee expenses have been incurred (2024 - £NIL).
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THE YELLOW HEART TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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Financial assets measured at fair value through income and expenditure
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Related party transactions
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During the year the Trust paid an honorarium amounting to £1,200 to Thomas Collins for his services as charity manager (2024: £400).
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