##
|||||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|
##
##
##
##
##
##
##