REGISTERED CHARITY NtJblBER: 1074745 Report.of thè Trustse8 and u.naudited Financial Statements for the Year Ended_3.18t March_ 2025. for Heartlands Cystic F.ibrosi3 Centro West Chartered Accountants Suite K, Priest House 1624 High Street Knowle Solihull West Midlands B93 OJU Heartlands Cystic Fibrosis Centre Content$. 0£ .the .Finaneial. Statements for the Year Ended 31st March 2025 Page Repozt of th• Trust••s IndO￿ndant Exa￿ner, s Report Stat•m•nt of Financial Activiti•s Balance Sheet Notes to the FiDancial Statements 8 to 11 D•tail•d stat￿nt 0£ Financial Aetlvitl•8 12 Heartlands JC stic Fibrosis Centre ReTrort of the Trustees fo£ the Year Ended 31st March 2025 The trustees present their report with the financial statements of the charity for the Jear ended 31st March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recomended Practice applicable charities preparing their accounts in accordance WLth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 le£fective l January 20191 Page I Heartlands C stic Fibrosis Centre Repo¥.¢_.o_f _th Trustees for th8 Yéar Ended 31st March_2025. OBJECTIVES AND ACTIVITIES Objectives and Activities The objectives of the Charity are to raise funds for: o a centre of excellence for the medical care of patients WLth cystic f ibrosis for the whole of the West Midlands region through the provision, maintenance and improvement of a specialist fibrosis centre at the Heart of England NHS Foundation Trust. o the provision of the continual improvement of facilities of whatever for patients at the CF Centre the Trustees may from time to time appropriale. o the promotion of research into the causes and treatment of cystic fibrosis to publish results thereof. o the provision of counselling fibrosis and their families. o the furtherance of public education about cystic fibrosis and research the condition. o the education, training and rehabilitation of people suffering from cystic fibrosis to enable them to earn a living and develop their full potential merrthers of society. nature deem and services for persons suffering from cystic into Review of actlVLties During the year the charity has deployed the funds raised in a number different ways including: of o Funding of education.and training for CF professionals Providing grants to patients o Enhancing the facilities available for in-patients structure, Governance and Managernent The Charity is governed by a Trust Deed dated 4 November 1998. The Trustees are appointed by the Board of Trustees and serve for a tertn after which they may put themselves forward for re-appointment. five-year The charitable status of the organisation has been confirmed by The Charities Commission. The major risk3 to which the charity is exposed, as identified by the trustees, have been reviewed and a system has been established to mitigate those risks. Recruitment and appointrnent of new Trustees In selecting indLVLduals for appointment as trustees, the trustees have regard to skills, knowledge and experience needed for the effective administration of the charity. Ri3k management The Trustees have examined the major risks that the charity faces and conf irrn that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. Reserves Policy The Trustees aim to maintain free reserves in unrestricted funds at level which will provide sufficient funds available to cover ongoing expenses and commitTnents and to enable significant projects and" initiatives to be taken Eorward. At year end £119,702 as held in reserve, which will in part be depLoyed as part of a patient room refurbishment initiative. Page 2 Heartlands stic Fibzo$i$ Centse Report of_ the .Trustees_ for the Year Endad 3L8t March 2025 Pub"lic Benef it The trustees are aware of the obligations of the charityi which are set out the Guidance issued by The Charities Collunission under Yhe Charities Act 2006. They are confident that the work of the charity in pursuit of its objects delivering Public Benefit. The Trustees will comply with the future reporting requirements in this regard. Financial Review The Charity's income for the year ended 31 March 2025 was £30,337. totalled £34, 513. Expenditure Achievements During the year there was significant spending on patient welfare initiatives with £10160 spent on therapeutic services. A further £4680 was spent on campaign materials to support ongoing fundraising efforts for Operation Renovation. Given the challenges in the external environment a review of the charity's cost base was also compLeted and cost saving measures were implemented. Future Flans Fundraising for 'Operation Renovation. our project for the refurbishment and upgrade of nine patienc rooms and three patient areas within the centre has proved difficult. Ke/ activiLies for the next year will be safeguarding monies already raised whilst continuing to support patients and to raise the balance of funds required to complete the refurbishment programme as soon as possible. Trustees, responsibilities in relation to the financial statements The trustees are responsible for preparing the Trustees, Annval Report and the f inancial statements in accordance h'ith applicable law and United Kingdom Accounting Standards (Untied Kingdorn Generally Accepted Accounting Fracticel The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of che state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these inancial statetnents the trustees are required to: o select suitable accounting policies and then apply them consistently,. o observe the rnethods and principles in the Charities SORP 2015 IFRS 1021 o make judgements and estimates that are reasonable and prudent,. o state whether applicable accounting standards have been folLowed, subject any material departures disclosed and explained in the f inancial statements,. prepare the financial statements on the qoing concern basis unless it inappropriate to presume that the charity will not continue in business to The Trustees are responsible Eor keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irreguLarities. Signed on behalf of the Trustees Dr J L Whitehouse Chair of Trustees Dated 4th Septernber 2025 Page 3 Heartlands _-Qs.tic Fibzosis Centré ort 0£ the _T￿.￿¢￿@S fot th• Year Ended 31st blarch 2025 REFERENCE AND ADMINISTRATIVE DZTAILS Registered Charity number 1074745 Principal address Ward 26 Heartlands Hospital Bordesley Green East Bordesley Green Birrningharn West Midlands B9 SSS Trustees Dr J L Whitehouse Chair Dr D Stableforth FoiJnder Trustee Mr D Sellers Treasurer Mrs J Bull MBE Patients, Represent4tive Ms J M Barrett Dr N Patel Mr8 J Wainwright Mrs N Gilday Ns L R Bandy Patient Representative Independent Examiner West Chartered Accountants Suite K, Priest House 1624 High Street Knowle Solihull We£t Midlands B93 OJU Approved by order of the board trustees and signed on its behalf by: on Dr J L Whitehouse Trustee Page 4 Inde .endent Exa￿ne[, s Re rt to the Trustees of lands C stic Fibrosis Centre Indep•nd8nt examiner's rèport to the trustee3 of Heartlands Cystsc Centse I report to the charity trustees on my examination of the accounts of Heartlands Cystic Fibrosis Centie (the Trust} for the year eThded 31st March 2025. Fibrosis Responsthllities and basis of raport 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 Ilthe Act'l I report in respect of my exarnination of the Trust's accounts carried out Section 145 of the Act and in carrying out my exarnination I have followed apFlicable Directions given by the Charity Commission under Section 145151 Ibl the Act. under all Independent examiner, 8 Statement I have completed n! examinaticn. I conf-.rm that no material matters have come rny attention in connection with the examination giving me cause to believe in any material respect: to that accounting records were not kept in respect of the Trust as required by Section 130 of the Act.. the accounts do not accord with those records." the accounts do not comply with the applicable requirements concerning fortn and content of accounts set out in the Charities (Accounts Reportsl Regulations 2008 other than any requirernent that the accounts a true and fair view which is not a matter considered as part of independent examination. the and give an I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable proper understanding of the accounts to be reached. susan West West Chartered Accountants Suite K, Priest House 1624 High Street Knowle Solihull West Midlands B93 OJU Date: Page 5 HeartlandS￿c stic F_ibrosis Centre sta¢wDont of Financial Act_ivities for the_Y•ar Ended 31st March 2025 2025 Total £uzMIs 2024 Total £unds Unrestricted Restricted fund f unds Notes Donations and legacies 18,833 18,833 Charitable activities CharitaDle Activities 2,099 9,260 11.359 14,101 Investment incorne 145 145 Total 21,077 9,260 30,337 14, 101 EXPENDITURE ON Charitable activities Charitable Activities 33,683 830 34,513 46,580 NET INCONE/ (EXPENDITURE) (12,606) 8,430 (4,176) 132,4791 BECONCILIATION OF FUNDS Total funds brought forward 119,958 3,920 123,878 156,357 107, 352 12,350 119,702 123,878 The notes form part of these financial statements" Page 6 Heartlands _JC stic Fibrosis Cents_ BalAn.¢o Sho¢.t_ 31st March 2025. 2025 Total funds 2024 Total funds UnrestrictedRestricted fund f unds Notes CURp£wf L8SETS Debtors Cash at bank 640 11,710 640 122,230 1,220 127,514 110.520 110,520 12,350 122,870 128,734 CREDITORS AtnounLs falling due within one year (3,168) (3,168) 14,8561 NET CURRElll ASSETS 107,352 12,350 119,702 123, 878 TOTAL ASSETS LESS CuP￿tr[ LIABILITIXS 107,352 12,350 119,702 123, 878 NET ASSETS 107,352 12,350 119,702 123,878 Unrestricted funds Restricted funds 107,352 12,350 119, 958 3,920 TOTAL FUNDS 119,702 123, 878 The flnancial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: Dr J L Whitehouse Trustee The notes farrn part of these finanoial statements Page 7 Heartlands C stiG.-Fibrosis Centre Notes _to _th_e Financial Statements for the Year Ended_3.Ist.-March ?0_25 ACCOUWTING POLICIES Ba318 0£ preparing the financial staternonts The financial slatements of the charityi which is a public benefit entity under FR5 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities: Statement of RecortllThended Practice applicable to charities preparing their accounts accordance with t￿,e Financial Reporting Standard applicable in the UK and Republic of Ireland IWRS 1021 leffective l Janu(Iry 20191 Financial Reporting Standard 102 'TF..e Financial Reporting Standard applicable in the UK and RepubLic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historicaL cost convention. Incom• All income is recognised in the Staternent of Financial ActlVLties once charity has entitlement to the funds, it Is probable that the incorne be received and the amount can be measured reliably. the will Expondltur• Liabilities are recognised as expenditure as soon as there is a legal onstructive obligation cornrnitting the charity to that expenditurei it probable that transfer economic benefits will be required settlernent and the amount of the obligation can be measured reliably. Expendkture is accounted for on an accruals basis and has been classif ked under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particulat headings they have been allocated to activities on a basis consistent with the use o'f resources. or Taxation The charity Is exempt from tax on its charitable activities. Fund accounting UnrestrirLed funds can be used in accordance with the charitable at the discreticn of the trustees. obj ectives Restricted funds can only be used for particular restricted purposes the objects of the charity. Restrictions aris¢ when specified by the or when funds are raised for particular restricted purposes. within donor Further explanation of the nature and purpose of each fund is included the notes to the financial staternents. INVESTMENT INCOMZ 2025 2024 Deposit account interest 145 TRUSTEES ' REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year 31st March 2025 nor for the year ended 31st March 2024. ended Trustees, •xponse8 There were no trustees, expenses paid for the year ended 31$t March 2025 nor for the year ended 31st March 2024. Page 8 continued. HeartlandS_c￿s.tlc Fibrosis Cen_tre No.tes to _the Financial_ Statemonts for the Year Ended 31st March 2025 Continued COMPARATIVES FOR THE STATElIE1￿ OF FINANCIAL ACTIVITIES UnrestrictedRestricted fund f unds Total funds INCOME AND ENDOWMEwfs FROM Charitable activities Charitab, e ActlVLt&es 11, 601 2, 500 14,101 EXPENDITURE ON Charitsblè aetivities Ch41iLable Act. v- ti 9,010 9,260 (830) 8,430 30,337 (34,513) (4,176) Cory)araknvas foz movement in funds Net movement in f unds At 31.3.24 At 1.4.23 Unrestricted funds General fund 154, 637 134, 6791 119., 958 Restricted funds Cribis Fdnd Operation Renovation 620 600 1,220 i. loo 1.600 2, 700 1,720 2,200 3,920 TOTAL FUNDS 156, 357 132, 4791 123, 878 Comparative net rnovement in funds. included in the above are as follows: Resources Movement expended in funds Incoming resources unrestri.cted funds General fund 11,601 146,2801 134,6791 Restricted funds CrisL5 Fund Operation Renovation 600 600 1,600 900 1, 600 Tesco Groundwork 19001 2, 500 13001 2,200 TOTAL FUNDS 14,101 146,5801 132,4791 Page 10 continued. HÉartl_andsaC stic Fibro.$is Centre Notes _ts_J ..tho.-FinanCial_.St.aten￿ttt3 for the Year End.ed..31st March 202& continue MOVEMENT IN FUNDS - continued A current year 12 rnonths and prior year 12 months combined position is folLows'. as Net movernent in funds At 31.3.25 At 1.4.23 Unrestricted funds General f und 154,637 147,2851 107, 352 Rèstricted £unda Crisis Fund Operation Renovation 620 20 640 I,ioo 10, 610 11,710 1,720 10, 630 12,350 156, 357 136,6551 119,702 A current year 12 months and prior year 12 months combined net Movement funds, included in the above are as follows: in Incoming resources Resources expended Movement in funds Vnrastrlct•d fund• GeneraL f und 32, 678 179,9631 147,2851 R•8trlct•d fund8 Crisis Fund Operation Renovation 20 20 10,860 900 12501 19001 10, 610 Tesco Groundwork 11,760 11,1301 10,630 TOTAL FUNDS 44,438 181,0931 136, 6551 BELATED PARTY DISCLOSUPES There were no 31st march 2025. related party transactLOnS for the year ended Page 11 Detsxle_d .Stat_ement of Financial. h Year Ended 31st March 202.5 tivit_iA• _ 2025 2024 Donations and lega¢i•s Donations 18,833 Invostjllant inc¢)rne Deposit account interest 145 Charltable activ&ties Charitable AcLidiLies Grants 11,159 200 13, 201 900 11,359 14,101 Total In¢onung r••ourc•s 30,337 14,101 EXPENDITUB£ Charitabl• activxtles Secretarial support Insurance Healthcare professional fees Telephone Gym equipment Sundrie5 Event costs Conference fees Education / praining Roorn refurbishrnent Patient facilities Crisis fund expenditure 15,354 245 14,925 I,iio 17,074 230 10, 740 1,279 1,029 1,179 875 5,000 4,225 3, 509 320 400 989 560 30 580 33,793 45, 860 Supprt cost• Govotnance eo8t8 Independent examiner fees 720 720 Total resources expended 34,513 46, 580 Net eX￿ndItur• (4,176> 132,4791 This page does not form part of the statutory financial statements Page 12