REGISTERED CHARITY NUMBER: 1002063 Report of the Trustees and Unaudited Flnancial Statements for the Year Ended 31 January 2024 for Take Heart TAKE HEART Contents of the Flnancial Statements for the Year Ended 31 January 2024 Page Reference and Admlnlstrative Detalls Report of the Trustees Independent Examiner's Report statement of Flnanclal Actlvltles 8alanc8 Sheet Notes to the Financial Statements TAKE HEART Reference and Adminlstratlve Details for the Year Ended 31 January 2024 TRUSTEES Gina McGaw16y (Chalr) Hayley Swithenbank Jesslca Bourke Carol Bourke Trevor Thompson Stephanle Kaufman Andrew Fltzpatrlck Mathew Wood Paul Kaufman Jeffrey Wlldrldge PRINCIPAL ADDRESS The Yorkshire Heart Centre F Floor, Jubllee Buildlng The General Infirmary at Leeds Leeds LS13EX REGISTERD CHARITY NUMBER 1002063 INDEPENDENT EXAMINER UHY BPR HEATON Chartered Accountants Glenewes House Gate Way Drive Yeadon LS19 7XY Page I TAKE HEART Report of the Trustees for the Year Ended 31 January 2024 The trustees prepare their report with the financial statements of the charity for the year ended 31 January 2024, The trustees have adopted the provisions of Accounting and Reporting by charilies: Statement of Recommended Practice applicable to charities preparing their accounts in accordanco with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). OBJECTIVES AND ACTIVITIES The Charlty's objects are: l ) to rellove patients and former patients who are slck convalescent disabled handicapped or Inform of the cardlothoracic department of th8 Leeds General Infirmary, 2) to preserve and promote the good health of such patients and their famS1188. 3) to provide and asslst in the provlslon of recreational facililles In th8 Interest of soclal welfare for such patlents. 4yto support the charltable work of other slmllar cardlac unlts and departments In hospltals throughout Yorkshire. ACHIEVEMENT AND PERFORMANCE Durlng the year the Charity's Income reduced by £188,433 to £175,862 compared to the prevlous year. The previous year b8n8fltted from one legacy of £197,500, Expenditure, excludlng grants to Leeds General Infirmary reduced by £18,141 to £14,311, resulting in a surplus for the year, excludlng these grants of £161,551 (2023: £338,843). The grants to Leeds Gen8ral Inflrmary for the year tota118d £189.655 (2023., £215,111), resultlng In a total deflclt for the year of £28,104 (2023: a surplus of £118.732) The total funds at th8 accountlng date stood at £601.240 (2023: £629,343). STBUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charlty Is controlled by Its constllutlon adopted on 4 June 1990 as amonded on 28 January 1991 and 17 June 1993, Approved by order of the board of trustees on 22 May 2024 and slgned on ils behalf by.. Glna McGawley- Chair Page 2 Independent Examiners Report to the Trustees of Take Heart Independent examiner's report to the trustees of Take Heart I report to the charity trustees on my examination of the accounts of Take Heart (the trust) for the year ended 31 January 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts In accordance with the requirements of the Charities Act 2011 ('the Act,). I report In respect of my examlnatlon of the Trust's accounts carried out under S6ctlon 145 of the Act and in carrying out my examlnation I have followed all applicable dlrectlons glven by the charity commission under Sectlon'145(5)(b) of the Act. Independent examlner's statement I have completed my 8xamlnatlon. I conflrm that no materlal matters have come to my att8ntlon In Comectlon wlth the examlnation givlng me cause to believe that in any materlal respect: 1) accountlng records were not kept In respect of the Trust as r8qulr8d by Section 130 of the Act., or 2) the accounts do not accord wlth those records., or 3) th8 accounts do not comply wlth the applicable requlrements concerning the form and content of accounts set out in the Charltle8 (Accounts and Reports) Regulations 2008 other than any requlrement that the accounts glve a true and falr vlew whlch Is not a matter consldered as part of an Independent examln8tlon. I have no concerns and have come across no other matters In connection wlth the examlnatlon to whlch attention should be drawn In thls report In order to enab18 a proper understanding of the accounts to be reached. Stephen B Hlnchcllffe UHY BPR Heaton Chartered Accountants Glen8wes House Gate Way Drlve Leeds West Yorkshire LS19 7XY 22 May 2024 Page 3 TAKE HEART (Registered Charity - 1002063) STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 January 2024 Unrestricted Income 2024 2023 Note Incoming resources From generated funds., Voluntary income Activities for genoratlng funds Investment Income 154,057 12,852 7,732 351,901 10,442 1,628 From charltsble activities 1,221 324 Fraud reimbursement 14 55,480 Total Incomlng resources 175 862 419 775 Resources expended Costs of generatlng funds Costs of g8neratlng voluntary Incom8 Costs of generating funds 2,568 5,115 13,047 5,499 10 Charltable activltles 11 189,655 221,450 Governanc8 Costs 12 6.628 5.567 Fraud payment 14 55.480 Total resources expended 203 966 301043 Not Incomlngl(outgolng} resources before transfers (28,104) 118,732 Transférs Gross transfers be￿88n funds Net Incomlngl(outgolng) r6s0urces before holdlng galns and losses (28,104) 118,732 Holdlng gainsl(los8es) -{realised and unraallsed) galn81{losses) on Inv8stment assets Net movement In funds (28,104) 118,732 Total funds brought forward 629,343 510,611 Total funds carrled forward 601240 629 343 Page 4 TAKE HEART (Registered Charity- 1002063) BALANCE SHEET AS AT 31ST JANUARY 2024 Note 2024 2023 FIXED ASSETS TangSble Assets Office Equipment at Cost Additions Durlng Year 38,436 38,228 210 38,436 35,935 2,501 38,436 D8preclatlon to Date 1,835 CURRENT ASSETS stock of Promotlonal Goods Capltal Reserve Deposlt Account Bank Current Account Cash In hand Prepayments Other debtors 1,748 587,810 500 100 1,275 617,001 500 100 10,546 55,480 684 902 14 602011 CURRENT LIABILITIES Accruals 13 2,606 NET CURRENT ASSETS 599,405 626,842 601240 629 343 FUNDS OF THE CHARITY Unrestrlctad Funds 601240 629 343 The accounts Were approved by the Trustees on 22 May 2024 and slgned on th8ir behalf by: Glna M¢Gawley- Chalr Page 5 TAKE HEART (Registered Charity . 1002063) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 1. ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, 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 accordanGe with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019>,, Financlal Reportlng Standard 102 'The Flnanclal Reporting Standard appllcable In the UK 2nd the Republlc of Ireland, and th8 Charltles Act 2011. The financlal statements hav8 been prepared under the hlstorlcal cost conventlon. The flnanclal Statements are presented in sterllng whlch Is the functional currency of the charlty rounded to the nearest pound. Incrxne All Income Is recognised In the Statement of Flnancial Activlties once the charlty has entltlement to th8 funds,.It Is probable that the Income will be received 8nd the amount can be measured rellably. Expendlture Llablllties are recognlsed as expendlture as soon as there Is a legal or conslructlv8 obllg3tion commlttlng the tharlty to that expenditure, It Is probable that a trangfer of economic beneflts wlll be requlred In settlement and the amount of the obligatlon can be measured re5iably. Expend5ture is accounted for on an accruals basis and has been classlfled under headings that aggr8gate all cost rèlated to the category. Where costs cannot be directly attrlbuted to parllcular headlngs they have be8n allocated to actlvltles on a basis conslstent wlth the use of resources. Taxatlon The charlty Is exempt frorn lax on Its charitable actlvltles. Fund Accountlng The accounts Include th8 results of the charities op8rations, all of whlch are unrestrlcted. Tanglble flxad assets Depreclatlon Is provide at the following 8nnual rates In order to wrlte off each asset over Its estlmated useful life. Fixtur8s and flttlngs - 25¢/so on reduclng balance 2024 2023 2. SUPPORT COSTS Accountancy Allocatlon Governance Costs 2,558 3. RELATED PARTYTRANSACTIONS The Charlty Is controlled by its Trustees. There have not been any materlal Iransactlons with any related party durlng the year. 4. DONATIONS COMMITTED The Trustees had at the year end agreed to fund projects at Leeds General Infirmary In the approximate sum of £200,000 (2023: £200,000). Voluntary Income General donations In memory of Collection boxes 108,075 43,360 2,622 154 057 325,731 24,083 2,087 351901 Page 6 TAKE HEART (Registered Charity - 1002063) NOTES TO THE FINANANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 - continued 2024 2023 6. Activities for generating funds Quiz night Raffles Christmas draw Stalls Change gang Annual trlp 1,198 680 8,187 1,536 499 752 1,722 7,246 148 237 7. Investment Income Bank Interest 1,628 8. From charltable actlvltles Memb8rshlp fees Sale of promotlonal goods 30 294 324 9. Costs of goneratlng voluntary Income Postage stationery Insurance R8palrs and renewals 831 825 912 10,664 1,414 912 57 10. Costs of generatlng funds Hlre of halls and transport Annual trip Chrlstmas draw expenses Promotlonal Items Qulz nlght expenses 2,768 795 1,561 1,498 1,261 2,354 377 11. Charltable actlvltles Donation of equlpment to LGI Newsletters 189,655 215,311 12. Governance costs Accountancy Expenses and meals Telephone costs Miscellaneous expenses Depreclation of office equlpment 2,556 1,528 172 1,706 666 2,580 941 50 1,099 897 13 Accruals Accountancy Fundralslng regulator costs Donation to Leeds Goneral Infirmary and recharged postage 2,556 50 2,580 55,480 14 Fraud During the previous year, the charity was the victim of a fraud in respect of a donation that was intended to be paid to Leeds General Infirmary in the sum of £55,480. The charitys bank agreed to reimburse the charity in full and this was received after the previous accounting date. The donation not paid to Leeds General Infirmary was accrued for at *he previous accounting date. Page 7