GENEROUS HEARTS CIC

Company limited by guarantee

Company Registration Number:
SC782131 (Scotland)

Unaudited statutory accounts for the year ended 30 September 2025

Period of accounts

Start date: 1 October 2024

End date: 30 September 2025

GENEROUS HEARTS CIC

Contents of the Financial Statements

for the Period Ended 30 September 2025

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

GENEROUS HEARTS CIC

Balance sheet

As at 30 September 2025

Notes 2025 13 months to 30 September 2024


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 0 0
Investments:   0 0
Total current assets: 0 0
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 0 0
Total assets less current liabilities: 0 0
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

GENEROUS HEARTS CIC

Balance sheet statements

For the year ending 30 September 2025 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 26 June 2026
and signed on behalf of the board by:

Name: Julienne Burroughs
Status: Director

The notes form part of these financial statements

GENEROUS HEARTS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2025

  • 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

    Accounting Policies General Information The financial statements have been prepared in accordance with the provisions of Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” and the Companies Act 2006. The financial statements are prepared under the historical cost convention unless otherwise stated in the relevant accounting policy. The company is a Community Interest Company (CIC) and is limited by guarantee. Turnover (Revenue Recognition) Turnover represents amounts receivable in respect of services provided in the normal course of business, net of VAT, trade discounts, and refunds. Revenue is recognised when: The significant risks and rewards of ownership have been transferred to the customer, and The amount of revenue can be measured reliably, and It is probable that the economic benefits associated with the transaction will flow to the company. Where services are provided over a period of time, revenue is recognised in the period in which the services are delivered. Grant Income (if applicable) Grant income is recognised when there is reasonable assurance that the company will comply with the conditions attaching to the grant and that the grant will be received. Where grants relate to specific periods or projects, income is recognised in the same period as the related expenditure. Donations (if applicable) Donations are recognised when received or when there is reasonable certainty that they will be received. Expenditure Expenditure is recognised on an accruals basis when a liability is incurred. Costs are classified between direct charitable expenditure and administrative expenses where appropriate. Tangible Fixed Assets Tangible fixed assets are stated at cost less accumulated depreciation and any impairment losses. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, as follows: Office equipment: 3 years Computer equipment: 3 years Cash and Cash Equivalents Cash includes cash in hand and deposits repayable on demand. Cash equivalents include short-term, highly liquid investments. Debtors and Creditors Debtors are recognised at the settlement amount due. Creditors are recognised when the company has a present obligation resulting from a past event. Going Concern The financial statements have been prepared on a going concern basis. The directors consider that the company has adequate resources to continue in operational existence for the foreseeable future.

    Tangible fixed assets depreciation policy

    Tangible Fixed Assets Tangible fixed assets are stated at cost less accumulated depreciation and any impairment losses. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, as follows: Office equipment: 3 years Computer equipment: 3 years

    Valuation information and policy

    Assets are stated at historical cost less accumulated depreciation and impairment losses.

GENEROUS HEARTS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2025

  • 2. Employees

    2025 13 months to 30 September 2024
    Average number of employees during the period 2 2

GENEROUS HEARTS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2025

3. Financial Commitments

Office space lease (12 months) Equipment hire purchase agreements Contracted consultancy payments extending into future years Any legacy binding future payment obligations

COMMUNITY INTEREST ANNUAL REPORT

GENEROUS HEARTS CIC

Company Number: SC782131 (Scotland)

Year Ending: 30 September 2025

Company activities and impact

During the financial year, Generous Hearts CIC focused on establishing the organisation and developing projects that will widen educational opportunities for children and young people from disadvantaged backgrounds. The CIC’s activities included developing educational resources, building relationships with schools and community partners, creating a fundraising strategy, and preparing initiatives to improve access to high-quality educational opportunities. This included progressing the publication of a children’s book promoting kindness, inclusion and empathy, which is intended to support schools, families and communities in encouraging positive values and wellbeing. The CIC also developed plans for an educational expedition designed to inspire young people, build confidence and resilience, and raise awareness of the organisation’s mission through community engagement and media activities. Although the CIC has not yet generated significant income during this financial year, considerable work has been undertaken to establish the organisation, build partnerships and lay the foundations for future community benefit in accordance with its community interest objectives.

Consultation with stakeholders

During the financial year, the CIC engaged with a range of stakeholders, including parents, education professionals, schools, publishing professionals and community partners. These discussions helped shape the organisation’s objectives, educational resources and future activities. Stakeholder feedback informed the development of projects aimed at widening educational opportunities, promoting inclusion, supporting children’s wellbeing and encouraging positive values through education and community engagement. The CIC will continue to consult with stakeholders as its activities expand.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
26 June 2026

And signed on behalf of the board by:
Name: Julienne Burroughs
Status: Director