REGISTERED CHARITY NUMBER: 1002063 Report of Ihe Trustees and Unaudited Financial Statements for the Year Ended 31 January 2025 for Take Heart
TAKE HEART Contents of the Financial Statements for the Year Ended 31 January 2025 Page Reference and Administrative Details Report of the Trustees Independent Examinerfs Report Slatement of Financial AGlivilies Balance Sheet Stalemenl of cash flows Notes to the Flnancial Statements
TAKE HEART Reference and Adrninistrative Detalls for Ihe Year Ended 31 January 2025 TRUSTEES Gina McGawley (Chair) Jeremy Caiger Thomas Knoti Hayley Swilhenbank Carol Bourke Trevor Thompson Stephanie Kaufman Andrew Fitzpatrick Matthew Wood Jeffrey Wildridge Paul Kaufman PRINCIPAL ADDRESS The Yorkshlre Heart Centre F Floor, Jubilee Building The General Infirmary at Leeds Leeds LS13EX REGISTERD CHARITY NUMBER 1002063 INDEPENDENT EXAMINER UHY BPR HEATON Chartered Accountants G18n8wes House Gate Way Drive Yeadon LS19 7XY Page 1
TAKE HEART Report of the Trustees for the Year Ended 31 January 2025 The trustees prepare their report with the financial statements of the charity for Ihe year ended 31 January 2025. The Iruslees have adopted the provision5 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). OBJECTIVES AND ACTIVITIES The Charity's objects are: 1) to relieve palienls and former patients who are sick convalescent disabled handicapped or infirm of lh8 cardiothoracic department of the Leeds General Infirmary. 2) to preserve and promote the good health of such patients and their families. 3) to provide and assist in the provision of recrealional facilities In the interest of social welfare for such patients. 4) lo support the charitable work of other similar cardiac unils and departments in hospitals throughout Yorkshire. ACHIEVEMENT AND PERFORMANCE During the year the Charity's incom8 increased by £394,57010 £570,432 compared to the previous year. This year the charity has benefilled from two legacles lotalling £220,434. Expenditure, excluding grants to Leeds General Infirmary increased by £15,247 to £43,816 resulllng In a surplus for the y8ar, excluding these grants of £526,105 (2024.. £146,626). The grants lo Leeds Gen9ral Infirmary for the year tolalled £169,782 {2024: £174,730), resulting In total surplus for the year of £356,323 (2024: a deficit of £28,104). The total funds at the accounting date stood al £957,562 (2024.. £601,240). STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charily is controlled by Its conslilution adopted on 4 June 1990 as amended on 28 January 1991 and 17 June 1993. Approved by order of the board of trustees on 28 May 2025 and signed on ils b8half by.. (WLG CLknk)I Gina McGawley- Chair Page 2
Independent Exarniners Rèport 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 2025. Responslbllities 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 ('Ihe Act,). I report in respect of my examinatlon of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I hav6 followed all applicable directions given by the charity commission under Section 145{51{b} of the Act. Independent examln•r's statement I have completed my examination. I confirm that no materlal matters hav8 come to my attention in connection with the examination giving me cause to beli8ve that in any material respect: 1) accounting records were nol kept in respect of the Trust as required by Section 130 of the Act; or 2) the accounts do not accord with those records., or 3) the accounts do not comply with th8 applicable requirements concerning th8 fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts glve a true and fair view which is not a malter considered as part of an Independent examination, I have no concerns and have come across no other matters in conn8Ction with the examinalion to which attention should be drawn In this report in order to enable a prop8r understanding of th& accounts to be reached. gs Stephen B Hinchcliffe ACA FCCA UHY BPR Healon Chartered Accountants Glenewes House Gate Way Drive Leeds West Yorkshire LS19 7XY 28 May 2025 Page 3
TAKE HEART (Registered Charity - 1002063> STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 January 2025 Unrestrlcted Income 2025 2024 Note Incoming resources From generated funds., Voluntary income Activities for generating fvnds Investment income 540,869 17,314 10.798 154,057 12,852 7,732 From charitable activities 1,451 1,221 Total Incomlng resources 570 432 175 862 Resources expended Costs of generating funds Costs of generating voluntary income Costs of generating funds 8,933 8,575 2,568 5,115 10 Charitable activities 189,349 189,655 Governance costs 12 7.252 6,628 Total resources expended 214 109 203 966 Net Incomlngl{outgolng) rasources before transfers 356.323 128.104) Transfers Gross transfgrs beeen funds Net Incomlnglloutgolngl resources before holdlng galns and losses 356,323 (28,104) Holding galnsl{losses) -{realised and unrealised) gainsl(losses) on Inveslmenl assets Net movement In funds 356,323 (28,104> Total funds broughl forward 601,240 629,343 Total funds carrled forward 957 562 601240 Page 4
TAKE HEART (Registered Charity - 1002063) BALANCE SHEET AS AT 31ST JANUARY 202 Note 2025 2024 FIXED ASSETS Tangible Assels Office Equipment at Cost Additions During Year 38,436 38,436 38,436 37,112 1,324 38,436 36,601 1,835 Depreciation to Dale CURRENT ASSETS Stock of Promotional Goods Capital Reserve Deposit Account Bank Current Account PayPal Account Cash in hand Prepayments 1.533 938,007 500 3,932 100 18,372 962 444 1,748 587,810 500 100 11.853 602011 13 CURRENT LIABILITIES Accruals 14 2,606 NET CURRENT ASSETS 956.238 599,405 957 562 601240 FUNDS OF THE CHARITY Unrestrlcted Funds 957 562 601240 The accounts were approved by the Trustees on 28 May 2025 and signed on thelr behalf by: a, Glna McGawley - Chalr Page 5
TAKE HEART (Registered Charity- 1002063) CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JANUARY 2025 2025 2024 Notes Cash flows from operatlng actlvltles Cash generated from operations Net cash used in operating aclivilies 343,331 343,331 36,923) 36,923 Cash flows from Invastlng actlvltles Interest received Net cash provided by invesling activities 10,798 10,798 7,732 7,732 Change In cash and cash equlvalents In the reportlng parlod Cash and cash equlvalents at the beglnnlng of the reportSng perlod 354,129 (29,191) 588.410 817,601 Cash and cash equlvalants at the end of the reportlng perlods 942,539 588,410 NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JANUARY 2025 1. RECONCILIATION OF NET INCOMEIIEXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net Incomel(expendlture) for th8 reportlng perlod (as per the Statement of Flnanclal Actlvltles) Adjustments for: Depreciation Charge {Increase)ID8crease in debtors Increasel(Oecrease) In creditors Inler8sI rec8ived 356.323 (28.1041 511 (6.305) 3,600 {10.798) 666 53,701 {55,454) {7,732) Net cash used In operatlons 343,331 36,923 2. ANALYSIS OF CHANGES IN NET FUNDS At 1.2.24 Cash flow At 31.1.25 Net Cash Cash at bank 588,410 354,129 942,539 Total 588,410 354,129 942,539 Page 6
TAKE HEART (Registered Charity - 1002063) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 1. ACCOUNTING POLICIES Basis of preparing the financlal 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 Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared und8r the historical cost convention. The financial slalemenls are presented In sterling which is the functlonal currency of the charily rounded to the nearest pound. Income All income is recognised in Ihe Slalement of Flnancial Aclivi118s once the charlty has entitlement to the funds, il is probable that Ihe income will be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as ther8 is a legal or conslrucliv8 obligation commilling 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 measur8d reliably. Expenditure is accounted for on an accwals basis and has been classified under headings that aggregate all costs r81aled lo the category. Whera costs cannot be directly attributed lo particular headings they have been allocated lo activities on a basis conslstenl with the use of resources. Taxatlon The Charity Is exempt from tax on ils charitable activities. Fund Accountlng Tha accounts include the results of the charitles operations, all of whlch are unrestricted. Tanglble flxed assets Depreciation is provided at the following annual rates In order to write off each assel over ils estimated useful life. Office Equipment- 250/0 on reducing balance 2025 2024 2. SUPPORT COSTS Accountancy Allocatlon Governanc8 Costs 1,800 2,556 3. RELATED PARTY TRANSACTIONS The Charity is controlled by its Trustees. There hav8 not been any material Iransactions with any related party during 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 £338,636 (2024: £200.000). 5. Voluntary Income Legacies and donations In memory of Collection boxes 519,934 19,075 1,860 540 869 108,075 43,360 2,622 Page 7
TAKE HEART (Registered Charity - 1002063) NOTES TO THE FINANANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 - continued 2025 2024 6. Activities for generating funds Quiz night Raffles Christmas draw Stalls Small Change Box Annual trip 1.793 1,198 680 8,187 1,536 499 752 7.425 7,137 404 555 7. Investment income Bank interest 10,798 7,732 8. From charitable actlvltles Membership fees Sale of promotional goods 172 1,279 36 1,185 9. Costs of generatlng voluntary Sncome Postage Slalionery Insuranc8 Repairs and renewals 5,344 2,347 1,088 154 831 825 912 10. Costs of genoratlng funds Annual trip Chrislmas draw expenses Promotional items Quiz nlght expènses 850 2,560 3,466 1,699 795 1,561 1.498 1,261 11. Charltabl8 actlvltles Donation of equipment lo LGI Newslelters Patient Booklet 169,782 9.160 10,407 174,730 6,833 8,092 12. Governance costs Accountancy Expenses and meals Telephon8 costs Legal and professlonal fees Miscellaneous 8XP8nses Deprecialion of office equlpmenl Bank Charges 1,800 847 178 151 2,832 511 933 2,556 1,526 172 864 666 844 13. Prepayments Insurance Subscriptions Hospital TV channels Aqua rentals Explain my procedure 111 10 8,764 1.776 7,710 117 87 8,928 2,720 14 Accruals Accountancy Fundraising regulator costs Donations to LGI Postage costs 1.800 2,556 50 80 4,326 Page 8