2022-05-31-accounts - The British Society For Heart Failure

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				Pages
Reference and Administrative Information
Trustees' Report				4-16
Trustees' Responsibilities
Independent	Auditor's Report			t7-19
Consolidated	Statement	of Financial	Activities	20
Comparative	Consolidated Statement		of Financial Activities	21
Consolidated	and Charity	Balance Sheets		22
Consolidated	and Charity	Statements	ofCash Flows	23
Notes to the	Consolidated	Financial Statements		24-33

Chair:	Professor Simon Williams
Past Chair:	Professor Paul Kalra
Chair Elect:	Professor Roy Gardner
Deputy Chair	Dr Lisa Anderson
Treasurer	Dr Stephen Petitt
Councillor	Ms Janine Beezer
Councillor	Dr Susan Piper
Councillor	Dr Carol Whelan
Co-opted Trustee	Ms Carys Barton

			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
		Note	2022 6	2022	2022f	2021f
Income:
Donations and legacies Friends ofBSH contributions			122,000		122,000	111,875
Research Fellowship grants				330,000	330,000
Infographic in languages grant e-Learning grant Gift in Kind -'F' Word Campaign			6,168	15,000	18,000 6,168	45,000
GiR in Kind - education equipment usage Other donations			9,000 20,181		9,000 20,181	6,995
Charitable activities
Membership subscriptions Annual Meeting			46,939 396,322		46,939 396,322	41,516 326,013
Training and study days and meetings Educational webinars			81,400 86,950	5,000	86400 86,950	48,865 111,000
e-Learning educational income			12,000		12,000
Pathway Project income F' Word Campaign			1,667 40,000		1,667 40,000	63,333
Trading income - merchandise	and adverts		3,464		3,464	1,423
Other income - bank interest			29		29	12
Total incoming resources			826,12O	353,0OO	1,179,120	756O32
Expenditure on:
Raising funds			15,872		15,872	20,229
Charitable activities			803,625	366,209	1,169,834	592,776
Total resources expended			819,497	366,209	1,185,706	613,005
Net movement in funds net	incomel		6,623	(13,209)	(6,586)	143,027
(expenditure) before	transfers
Transfer between funds		19	5,000	(5,000)
Net movement in funds/net	incomel(expenditure)		11,623	(18,209)	(6,586)	143,027
Reconciliation offunds
Total funds brought forward at	31 May 2021		405,811	37,022	442,833	299,806
Total funds carried forward	at 31 May 2022	19	417,434	18,813	436247	442,833

				Unrestricted	Restriicted	Total	Total
				Funds	Funds	Funds	Funds
				2021	2021	2021	2020
			Note			F
Income:
Donations and legacies Friends ofBSH contributions				111,875		111,875	53,812
Research Fellowship grants							50,000
Membership Survey grant							25,000
e-Learning grant Other donations				6,995	45,000	45,000 6,995	7,516
Charitable activities
Membership subscriptions Annual Meeting				41,516 326,013		41,516 326,013	33,451 365,206
Training and study days and	meetings			48,865		48,865	325
Educational webinars				111,000		111,000
F' Word Campaign				63,333		63,333
Trading income - merchandise				1,423		1,423
Other income - bank interest				12		12
Total incoming resources				711,032	45,000	756,032	535,850
Expenditure on:
Raising funds				20,229		20,229	7,903
Charitable activities				575,412	17,364	592,776	740,247
Total resources expended				595,641	17,364	613,005	748,150
Net movement in funds net		income/		115,391	27,636	143,027	(212,300)
(expenditure) before		transfers
Transfer between funds			19	15,000	(15,000)
Net movement in funds/net		income/(expenditure)		130,391	12,636	143,027	(212,300)
Reconciliation offunds
Total funds brought forward	at	31 May 2020		275,420	24,386	299,806	512,106
Total funds carried forward		at 31 May 2021	19	405,811	37,022	442,833	299,806

				Group	Group	Charity	Charity
				2022	2021	2022	2021
			Note	6	6	8	8
Fixed assets
Tangible fixed assets			11	5,555	7,794	5,555	7,794
Investment			12	-	-	100	100
				5,555	7,794	5,655	7,894
Current assets
Stock			13	4,207	6,597
Debtors			14	430,317	303,751	409,375	363,405
Cash and bank and in hand				502,612	287,314	502,612	287,314
				937,136	597,662	911,987	650,719
Creditors: amounts		falling due within one year	15	(252,694)	(162,623)	(227,645)	(215,780)
Net current assets				684,442	435,039	684342	434,939
Total assets	less current liabilities			689,997	442,833	689,997	442,833
Creditors: amounts		falling due in greater than one year	16	(253,750)	-	(253,750)
Net assets				436,247	442,833	436,247	442,833
Represented	by:
Restricted funds				18,813	37,022	18,813	37,022
Unrestricted	funds			417,434	405,811	417,434	405,811
Accumulated	funds	at 31May 2022	18	436,247	442,833	436,247	442,833

	Group	Group	Charity	Charity
	2022	2021 f	2022 6	2021 6
Cash flows from operating activities
Net movement in funds (net expenditure)/income	(6,586)	143,027	(6,586)	143,027
Add back depreciation	2,239	1,087	2,239	1,087
Adjustments for:
Decrease/(increase) in stock	1,565	(6,597)
Increase in debtors Increase in creditors	(125,741) 343,821	(248,217) 120,523	(45,970) 265,615	(307,871) 173,580
Net cash generated from/(used in) operations	215,298	9,823	215,298	9,823
Cash flows from investing activities
Purchase oftangible fixed assets		(5,329)		(5,329)
Net cash from investing activities		(5,329)		5,329)
Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at 1 June 2021	215,298 287,314	4,494 282,820	215,298 287,314	4,494 282,820
Cash and cash equivalents at 31 May 2022	502612	287,314	502,612	287,314
(A) Analysis ofChanges in Net Debt	At 1June 2021	Cash-flows	At 31 May 2022
	6
Cash at bank and in hand	287,314	215,298	502,612
Total ofcash and cash equivalents	287314	215298	502612

4.DIRECT COSTS						2022f	2021 6
General Secretariat services							396
Management Agency fees - Annual			Meeting			125,281	96,841
Management Agency fees - Training			Day				37,186
Management Agency fees/costs -Webinars/Other					Events	44,059	27,860
3D Virtual Exhibition service - Annual			Meeting			16,100	20,000
Infographic services and delivery						20,573	7,900
F' Word Campaign films - specialist			company			58,785	95,546
Heart Failure Projects' costs						2,500
Heart Failure Awareness Week costs						1,115
Other chariTies network meetings						1,430
Merchandise costs						810	1,184
Venue hire and catering						92,890	860
Accommodation, travel and subsistence						40,857	5,423
Travel grants						645
Audio Visual, IT hire and other IT	costs					35,713
BSH App development						8,960	12,621
e-Learning development and delivery						10,424	7,978
Website and IT development						897	400
Advertising, marketing, publications			and	editodial		6,743	5,715
Awards and accreditation						2,115	2,257
Printing, postage and stationery						4,928	423
Consultancy						35,974	57,913
GIR in Kind -'F' Word Campaign	support					6,168
Gilt in Kind - education equipment		usage				9,000
Finance, accounting support and	advice					3,175	1,175
Subscriptions						2,968	2,500
Bank, card and similar charges						2,364	1,439
Other costs						780	743
Research Fellowship grants						330000
						865,254	386,360
5.SUPPORT COSTS						2022	2021
						6
Consultancy						5,042	1,152
Venue hire and catering						138
Accommodation, travel and subsistence						814	267
Audio Visual, IThire and other IT	costs					9,379	10,881
Website and ITdevelopment						781	2,550
Printing, postage and stationery						126	673
Finance, accounting support and	advice					46,842	41,272
Legal and professional fees						586	6,372
Insurance						2,381	811
Virtual oflice costs - 33Cavendish		Square					1,826
Rent and service charge —1 StAndrews				Place		28,800	2,400
Depreciation - ITand equipment						2,239	1,087
Bad debts- prior years registralon		fees					438
Bank, card and similar charges						485	605
Wages and salaries and other staff		costs				47,219	37,260
Governance costs (Note 6)						36,762	27,041
Other costs						1,993	1,865
						183,587	136,500

						2022	2021
Consultancy						11.590	10,108
Venue hire and catering						570	936
Accommodation, travel and			subsistence			6,534	884
Election voting services provider						2,500
Auditor, Independent		Examiner		and tax fees		7,500	2,800
Wages and salaries						7,768	12,211
Other costs						300	102
						36762	27,041
7.EXPENDITURE BYFUND						Unrestricted	Restricted	Total
						Funds	Funds	Funds
Year ended 31 May	2022					5	6	8
Raising funds						15,872		15,872
Charitable activities
Membership						14,726		14,726
Annual Meeting						400,635		400,635
Training and study days and			meetings			52,780		52,780
Educational webinars		and events				44,275		44,275
e-learning development		and activities				1,336	18,209	19,545
Infographics Project in		different languages				8,214	18,000	26,214
Digital Pathway and Mapping			Projects			8,555		6,555
Research, education,		policy	and		public awareness	100,600		100,600
Research Fellowship		grants					330,000	330,000
Heart Failure Nurses	Forum					10,056		10,056
Charitable operations		development			and planning	33,427		33,427
Industry meetings						2,881		2,861
F' Word Campaign						128,180		128,160
Total charitable activities						803,625	366,209	1,169,834
Totalexpenditure						819,497	366,209	1,185,706
						Unrestricted	Restricted	Total
						Funds	Funds	Funds
Year ended 31 May	2021					6		5
Raising funds						20,229		20,229
Charitable activities
Membership						9,612	2,000	11,612
Annual Meeting						171,742		171,742
Training and study days and			meetings			51,789		51,789
Educational webinars		and events				51,283		51,283
e-learning development		and activities				4,959	7,978	12,937
Research, education,		policy	and		pubhc awareness	78,434		78,434
Heart Failure Nurses	Forum					18,438	7,386	23,824
Charitable operations	development				and planning	37,288		37,288
Industry meetings
F' Word Campaign						153,867		153,867
Total charitable activities						575,412	17,364	592,776
Total expenditure						595,641	17,364	613,005

This is stated	after charging:			2022	2021
				6	6
Depreciation				2,239	1,087
Independent Auditor/Examiner's		fees
Group				6,000	1,900
Subsidiary	(including corporation		tax)	1,500	1,100
Overaccrued	in prior year				(200)
Operating property lease and service			charge	28,800	2,400

11.TANGIBLE FIXEDASSETS -GR	OUP AND CHARITY
		ITEquipment	Total
		E	6
Cost
At 1 June 2021 and 31 May 2022		8,957	8,957
Depreciation
At 1 June 2021		1,163	1,163
Charge		2,239	2,239
At 31 May 2022		3,402	3,402
Net book value
At 31 May 2022		5555	5555
At 31 May 2021		7,794	7,794
12.INVESTMENT - CHARITY
		2022 6	2021f
BSH Services Limited - 100Ordinary	Shares 61 each	100	100

				2022	2021
				6	6
Turnover				748,803	659,388
Cost ofsales	and administration			527,969	361,958)
Net profit				220,834	297,430
Covenanted	to the Charity			220,834	(297,430)
Retained in	subsidiary
The assets and liabilities ofthe subsidiary		were:
Current assets				329,674	392,392
Current liabilities				329,574	392,292
Total net assets				100	100
13.STOCK
			Group	Group	Charity	Charity
			2022	2021	2022	2021
			5	6	6	8
Merchandise			4,207	6,597

14.DEBTORS
						Group	Group	Charity	Charity
						2022 6	2021f	2022 6	2021 6
Trade debtors					136,700		237,600		54,000
Prepayments and accrued	income				292,202		64,764	187,126	10,588
Deed ofCovenant due - BSH			Services Limited					220,834	297,430
Other debtors						1,415	1,387	1,415	1,387
					430,317		303,751	409,375	363,405
15.CREDITORS: Amounts			falling due within one year
					Group		Group	Charity	Charity
						2022	2021	2022	2021
							6		6
Trade creditors						34,323	21,621	11,884	20,883
Amounts owed to BSH Services				Limited				83,692	148,019
Other tax and social security						9,816	14,930	9,816	14,930
Accruals and deferred income					129,856		123,880	43,554	29,756
Fellowship grants payable	-	indMduals				76,250		76,250
Other creditors						2449	2,192	2,449	2,192
					252,694		162,623	227,645	215,780
16.CREDITORS: Amounts		falling due in greater			than	one year
					Group		Group	Charity	Charity
						2022	2021	2022	2021
						6		6	6
Fellowship grants payable	-	individuals			253,750			253,750
17.DEFERRED INCOME
					Group		Group	Charity	Charity
						2022 6	2021f	2022 6	2021 6
Brought forward 1 June 2021						61,891	16,363	16,141	16,363
Released to incoming resources				in the year	(61,891)		(16,363)	(16,141)	(16,363)
Deferred in the year						99,574	61,891	15,824	16,141
Carried forward 31 May	2022					99,574	61,891	15,824	16,141