2023-05-31-accounts - The British Society For Heart Failure

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				Pages
Reference and Administrative Information
Trustees' Report				4-16
Trustees' Responsibilities				17
Independent	Auditor's Report			t8-20
Consolidated	Statement	of Financial	Activities	21
Comparative	Consolidated Statement		of Financial Activities	22
Consolidated	and Charity	Balance Sheets		23
Consolidated	and Charity	Statements	of Cash Flows	24
Notes to the	Consolidated	Financial Statements		25-34

ar to 31 May 2023 and who re as follows:	served to the AGM on 29 Novemb
Chair:	Professor Roy Gardner
Past Chair:	Professor Simon Williams
Chair-Elect:	Dr Lisa Anderson
Deputy Chair:	Ms Carys Barton
Treasurer:	Dr Susan Piper
Councillor:	Dr Patricia Campbell
Councillor:	Ms Margaret Simpson
Councillor:	Professor Zaheer Yousef
Co-opted Trustee:	Ms Mary Brooks

Chair:	Dr Lisa Anderson
Past Chair:	Professor Roy Gardner
Chair-Elect	Ms Carys Barton
Deputy Chair:	Dr Carol Whelan
Treasurer:	Dr Patricia Campbell
Councillor:	Ms Mary Brooks
Councillor:	Ms Rebecca Hyland
Councillor:	Dr Rajiv Sankaranarayanan
Co-opted Trustee:	Ms Delyth Rucarean

					Unrestricted	Restricted	Total	Total
					Funds	Funds	Funds	Funds
					2023	2023	2023	2022
				Note	6		8	6
Income:
Donations and legacies Partners of BSH contributions					154,927		154,927	122,000
Research Fellowship grants						305,000	305,000	330,000
25:25Campaign grant Infographic in languages grant						100,000	100,000	18,000
Mapping Project grant Gifts in Kind -'F' Word Campaign					25,766	20,000	20,000 25,766	6,168
Gift in Kind - education equipment			usage					9,000
Legacy Otherdonations					35,000 11,410		35,000 11,410	20,181
Charitable activities
Membership subscriptions					42,698		42,698	46,939
Annual Meeting					621,520		621,520	396,322
Training and study days and Educational webinars	meetings				92,750 43,575	7,000	99,750 43,575	86,400 86,950
e-Learning educational income Pathway Project income					38,333		38,333	12,000 1,667
Ql Academy income F' Word /25:25 and Fast Track		Cities initiatives			9,150 36,667		9,150 36,667	40,000
Trading income —merchandise,		adverts, other			17,213		17,213	3,464
Other income -bank interest					1,215		1,215	29
Total incoming resources					1,130,224	432,000	1562,224	1,179,120
Expenditure on:
Raising funds					20,744		20,744	15,872
Charitable activities					890,865	318,579	1,209,444	1,169,834
Total resources expended				3/7	911,609	318579	1,230,188	1,185,706
Net movement in funds net		income/			218,615	113,421	332,036	(6,586)
(expenditure) before		transfers
Transfer between funds				19	7,000	(7,000)
Net movement in funds/net		income/(expenditure)			225,615	106,421	332,036	(6,586)
Reconciliation offunds
Total funds brought forward	at	31	May 2022		417,434	18,813	436,247	442,833
Total funds carried forward		at 31 May 2023		19	643,049	125,234	768,283	436,247

				Unrestricted	Restricted	Total
				Funds	Funds	Funds
				2022	2022	2022
			Note	6	6
Income:
Donations and legacies Partners of BSH contributions				122,000		122,000
Research Fellowship grants Infographic in languages grant					330,000 18,000	330,000 18,000
e-Learning grant GiR in Kind -'F' Word Campaign GiR in Kind - education equipment usage Other donations				6,168 9,000 20,181		6,168 9,000 20,181
Charitable activities
Membership subscriptions Annual Meeting Training and study days and Educational webinars	meetings			46,939 396,322 81,400 86,950	5,000	46,939 396,322 86,400 86,950
e-Learning educational income Pathway Project income F' Word Campaign				12,000 1,667 40,000		12,000 1,667 40,000
Trading income- merchandise		and adverts		3,464		3,464
Other income - bank interest				29		29
Total incoming resources				826,120	353,000	1,179,120
Expenditure on:
Raising funds				15,872		15,872
Charitable activities				803,625	365,209	1,169,834
Total resources expended				819497	366,209	1 185706
Net movement in funds net		income/		6,623	(13,209)	(6,586)
(expenditure) before Transfer between funds		transfers	19	5000	5000
Net movement in funds/net		income/(expenditure)		11,623	(18,209)	(6,586)
Reconciliation offunds
Total funds brought forward	at	31 May 2021		405,811	37,022	442,833
Total funds carried forward		at 31 INay 2022	19	417,434	18,813	436,247

				Group	Group	Charity	Charity
				2023	2022	2023	2022
			Note	6	8
Fixed assets
Tangible fixed assets			11	9,210	5,555	9,210	5,555
Investment			12	-	-	100	100
				9,210	5,555	9,310	5,655
Current assets
Stock			13	~	4,207
Debtors			14	691,434	430,317	977,504	409,375
Cash and bank and in		hand		742,736	502,612	742,736	502,612
				1,434,170	937,136	1,720,240	911,987
Creditors: amounts		falling due within one year	15	(442,702)	(252,694)	(728,872)	(227,645)
Net current assets				991,468	684,442	991368	684,342
Total assets	less current liabilities			1,000,678	689,997	1,000,678	689,997
Creditors: amounts		falling due in greater than one year	16	(232,395)	(253,750)	(232,395)	(253,750)
Net assets				768,283	436,247	768 283	436,247
Represented	by:
Restricted funds				125,234	18,813	125,234	18,813
Unrestricted	funds			643,049	417,434	643,049	417,434
Accumulated	funds	at 31May 2023	18	768,283	436,247	768 283	436,247

			Group	Group	Chai'ity	Charity
			2023	2022	2023	2022
Cash flows from operating activities
Net movement in funds income/(net		expenditure)	332,036	(6,586)	332,036	(6,586)
Add back depreciation			3,576	2,239	3,576	2,239
Adjustments for:
Decrease in stock			4,207	1,565
Increase in debtors			(261,117)	(125,741)	(568,129)	(45,970)
Increase in creditors			168,653	343,821	479,872	265,615
Net cash generated from/(used	in) operations		247,355	215,298	247,355	215,298
Cash flows from investing activities
Purchase oftangible fixed assets			(7,231)	-	(7,231)
Net cash from investing activities			(7,231)		(7,231)
Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at 1 June 2022			240,124 502,612	215,298 287,314	240,124 502,612	215,298 287,314
Cash and cash equivalents at 31		May 2023	742,736	502,612	742,736	502 612
(A) Analysis ofChanges in Net	Debt		At 1June 2022	Cash-flows	At 31 May 2023
			f	6
Cash at bank and in hand			502,612	240,124	742,736
Total ofcash and cash equivalents			502612	240,124	742,736

costs. The value donated to the Charity	costs. The value donated to the Charity	costs. The value donated to the Charity	costs. The value donated to the Charity	as a Gift in Kin	d was 615,734	.
3.ANALYSIS OF TOTAL EXPENDITURE				BY ACTIVITY
					Staff	Direct	Support	Total
Year ended 31 May 2023					Costsf	Costsf	Costsf	2023f
Raising funds Merchandise costs						3,545		3,545
Other fundraising costs					11,539	1,714	3,946	17199
Tots!raising funds					11,539	5,259	3,946	20,744
Charitable activities
Membership					1,288	7,384	2,038	10,710
Annual Meeting					15,652	399,163	97,441	512,256
Training and study days and meetings					5,444	34,871	9,471	49,786
Educational webinars	and events				3,893	1,835	1,345	7,073
e-Learning development snd activities					127	6,571	1,574	8,272
Digital Pathway, Mapping and Ql			Academy	Projects	1,674	55,742	13,487	70,903
Research, education,	policy and	public awareness			58,638	36,069	22,245	116,952
Research Fellowship	grants					240,000		240,000
Heart Failure Nurses	Forum				4,592	2,042	1,557	8,191
Charitable operations	development		and planning		14,385		3,379	17,764
Industry meetings						4,936	1,160	6,096
F' Word, 25:25and Fast Track Cities initiatives					43,715	91,918	25,808	161,441
Total charitable activities					149,408	880,531	179,505	1,209,444
Total expenditure					160,947	885,'790	183,451	1,230,188
					Staff	Direct	Support	Total
Year ended 31 May 2022					Costsf	Costsf	Costs	2022f
Raising funds Merchandise costs						810		810
Other fundraising costs					10,624	969	3,469	15,062
Total raising funds					10,624	1,779	3,469	15,872
Charaable activities
Membership Annual Meeting					5,154 13,412	6,356 299,718	3,216 87,505	14,726 400,635
Training and study days and meetings					8,915	32,337	11,528	52,780
Educational webinars	and events				8,570	26,035	9,670	44,275
e-Learning development and activities					4,460	10,816	4,269	19,545
Infcgraphics Project	in different	languages			1,489	19,000	5,725	26,214
Digital Pathway and	Mapping Projects				3,456	1,667	1,432	6,555
Research, education,	policy and	public awareness			39,205	41,025	20,370	100,600
Research Fellowship	grants					330,000		330,000
Heart Failure Nurses	Forum				2,824	5,399	1,833	10,056
Charitable operations	development		and planning		26,126		7,301	33,42'7
Industry meetings						2,236	625	2,861
F' Word Campaign Total charitable activities					12,630 126241	88,886 063,475	26,644 180,118	128160 1,169,834
Total expenditure					136865	865,254	183,587	1 185706

4. DIRECT COSTS				2023	2022
				5	8
Management Agency fees - Annual		Meeting		104,550	125,281
Events Air Licence				15,981
3rd Party agency fees				2,672
Management Agency fees/costs -Webinars/Other			Events	1,835	44,059
3D Virtual Exhibition service - Annual		Meeting			16,100
Infographic services and delivery				12,200	20,573
F' Word Campaign films - specialist		company		3,044	58,785
25:25and Fast Track Cities costs				57,141
Heart Failure Projects' costs				55,742	2,500
Heart Failure Awareness Week costs					1,115
Other charities and network meetings				15,818	1,430
Merchandise costs				3,545	810
Venue hire and catering				148,952	92,890
Accommodation, travel and subsistence				55,906	40,857
Travel grants				4,269	645
Audio Visual, IT hire and other IT	costs			67,941	35,713
Event materials				10,030
BSH App				9,129	8,960
e-Learning development and delivery Website and IT development				6,571 375	10,424 897
Advertising, marketing, publications		and editorial		5,528	6,743
Awards and accreditation				1,559	2,115
Printing, postage and stationery				1,788	4,928
Consultancy				24,387	35,974
Gilt in Kind —'F' Word Campaign	support			25,766	6,168
Gift in Kind - education equipment	usage				9,000
Finance, accounting support and	advice			500	3,175
Subscriptions				4,735	2,968
Bank, card and similar charges				3,836	2,364
Other costs				1,990	780
Research Fellowship grants				240,000	330,000
				885,790	865,254
5.SUPPORT COSTS				2023	2022
				5	6
Consultancy				8,170	5,042
Venue hire and catering				495	138
Accommodation, travel and subsistence				2,351	814
Audio Visual, IT hire and other IT costs				9,570	9,379
Website and IT development Printing, postage and stationery				8,387 96	781 126
Advertising				1,618
Finance, accounting support and	advice			49,958	46,842
Legal and professional fees				4,177	586
Insurance				3,040	2,381
Rent and service charge —1 StAndrews Place				28,800	28,800
Depreciation - IT and equipment				3,576	2,239
Bank, card and similar charges				266	485
Wages and salaries and other staff		costs		28,346	47,219
Governance costs (Note 6)				30,036	36,762
Other costs				4,565	1,993
				183,451	183,587

6.GOVERNANCE		OSTS
					2023			2022
						6		6
Consultancy					8,223		11,590
Venue hire and catering								570
Accommodation, travel and subsistence					8,260		6,534
Election voting services provider							2,500
Auditor, Independent		Examiner and tax fees			7,650		7,500
Wages and salaries					5,762		7,768
Other costs						141		300
					30	036	36	762
7.EXPENDITURE BYFUND					Unrestricted		Restricted		Total
					Funds		Funds		Funds
Year ended 31 May		2023			6				6
Raising funds					20,744				20,744
Charitable activities
Membemhip					10,710				10,710
Annual Meeting					512,255				512,256
Training and study days and meetings					49,786				49,786
Educational webinars		and events			7,073				7,073
e-learning development		and activities					8,272		8,272
Digital Pathway, Mapping and Ql Academy				Projects	57,737		13,166		70,903
Research, education,		policy and	public awareness		116,952				116,952
Research Fellowship Heart Failure Nurses	grants Forum				8,191		240,000		240,000 8,1st
Chaditable operations		development	and planning		17,764				17,764
Industry meetings					5,096				s,aas
F' Word, 25:25and Fast Track Cities initiatives					104,300		57,141		161,441
Total charitable activities					890,865		318,579		1,209,444
Total expe nditure					911,609		318,579		1,230,188
					Unrestricted		Restricted		Total
					Funds		Funds		Funds
Yearended 31 May		2022			6		6
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 Infographics Project in		and activities different languages			1,336 8,214		18,209 18,000		19,645 26,214
Digital Pathway and Mapping Projects					6,555				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					2,861				2,861
F' Word Campaign					128,150				128,160
Total charitable activities					803,625		366,209		1,169,834
Total expenditure					819497		366,209		1,185,706

This is stated after charging:	This is stated after charging:	This is stated after charging:						2023	2022
								8	8
Depreciation								3,576	2,239
Independent Auditor/Examiner's			fees
Group								6,250	6,000
Subsidiary (including		corporation		tax)				1,650	1,500
Overaccrued	in prior	year						(250)
Operating property	lease	and service		charge			28,800		28,800
The property lease	and contracted service charge commitment					is	in respect	of 1 StAndrews	Place, London, NW1
4LB held fora period of5		years	to9 May 2026 at an annual		rent of621,600			(plus VAT) with	a break	clause with 6
months' notice at May 2024:
					Due		in less	Due within	Total
					than		1 year	2-5years
							8
Operating lease and service charge							28 800	55200		84000
9.STAFF COSTS
								2023	2022
Wages and salaries								8	5
Gross salaries							175,020		169,245
Employers National	insurance						17,202		15,148
Employers pension	contributions						2 641		2201
							194,863		186,594
Other staff costs
Payroll and human	resources services							192	5,258
							195,055		191,852

11.TANGIBLE FIXED ASSETS -GROUP AND CHARITY
	IT Equipmentf	Totalf
Cost
At 1 June 2022	8,957	8,957
Additions	7,231	7231
At 31 May 2023	16,188	16188
Depreciation
At 1 June 2022	3,402	3,402
Charge	3,576	3,576
At 31 May 2023	6978	6,978
Net book value
At 31 May 2023	9,210	9,210
At 31 May 2022	5,555	5,555
12.INVESTMENT - CHARITY
	2023f	2022f
BSHServicesLimited - 100OrdinarySharesf1 each	100	100

The summary financial performance ofthe	subsidiary f	or the year to 3	1 May 2023 is as	follows:
			2023f	2022f
Turnover			1,017,135	748,803
Cost ofsales and administration			552092	(527,969)
Net profit			465,043	220,834
Covenanted to the Charity			465,043	220,834
Retained in subsidiary
The assets and liabilities ofthe subsidiary	were:
Current assets			507,783	329,674
Current liabilities			507683	329,574
Total net assets			100	100
13.STOCK
		Group	Group	Charity	Charily
		2023 f	2022 f	2023 f	2022 f
Merchandise			4,207

14.DEBTORS
						Group	Group	Charity	Charity
						2023 6	2022 F.	2023f	2022 6
Trade debtors						323,601	136,700	216,592
Prepayments and	accrued		income			365,513	292,202	293,579	187,126
Deed of Covenant	due	—BSH Services Limited						465,043	220,834
Other debtors						2,320	1,415	2,320	1,415
						691,434	430,317	977,534	409,375
15.CREDITORS: Amounts				falling due within one year
						Group	Group	Charity	Charity
						2023	2022	2023	2022
						6		6	8
Trade creditors						45,610	34,323	3,966	11,884
Amounts owed to	BSH Services				Limited			368,164	83,692
Other tax and social security						10,028	9,816	10,028	9,816
Accruals and deferred		income				80,603	129,856	40,253	43,554
Fellowship grants	payable		- individuals			304,012	76,250	304,012	76,250
Other creditors						2449	2,449	2,449	2449
						442,702	252,694	728,872	227 645
16.CREDITORS: Amounts				falling due in greater than		one year
						Group	Group	Charity	Charity
						2023	2022	2023	2022
						8	8
Fellowship grants	payable		—individuals			232,395	253,750	232,395	253,750
17.DEFERRED INCOME
						Group	Group	Charity	Charity
						2023	2022	2023	2022
						6		6	6
Brought forward 1 June 2022						99,574	61,891	15,824	16,141
Released to incoming		resources			in the year	(99,574)	(61,891)	(15,824)	(16,141)
Deferred in the year						53,958	99,574	15,721	15,824
Canted forward 31 May 2023						53,958	99,574	15,721	15,824