: 

Registered Charity No 1082940 

## RESEARCH ECHOCARDIOGRAPHY 

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 

## PALMER McCARTHY 

CHARTERED CERTIFIED ACCOUNTANTS 

Suite 70 Capital Business Centre, 22 Carlton Road, South Croydon 



Page 1 

## RESEARCH ECHOCARDIOGRAPHY 

## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 

## REPORT OF THE COMMITTEE OF MANAGEMENT 

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its financial activities for that period. In preparing those financial statements the trustees are required to: 

- a) select suitable accounting policies and apply them consistently; 

- b) make judgements and estimates that are reasonable and prudent; 

## Cc) prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in business. 

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. 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. 

Mr Danak Raian WI INVIIAN ENCACAE TE 


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22 | S lay<br>**----- End of picture text -----**<br>




Page 2 

## Independent Examiner's Report to the Trustees of Research Echocardiography 

| report to the charity trustees on my examination of the accounts of the charity for the year ended 31° March 2024 which are set out on pages 3 to 5. 

## Responsibilities and basis of report 

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

| report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## Independent examiner's statement 

When the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. | confirm that | am qualified to undertake the examination because | a member of Chartered Certified Accountants, which is one of the listed bodies. | have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the charity 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 the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination. 

| 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 a proper understanding of the accounts to be reached. 

## Signed 

S J Hole 

Name Stephen Hole FCCA 

Chartered Certified Accountant 

Address Palmer McCarthy Suite 70 Capital Business Centre Carlton Road Croydon CR2 0BS 

[Type here] 



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## RESEARCH ECHOCARDIOGRAPHY 

## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 

## INCOME AND EXPENDITURE ACCOUNT 

|||Unrestricted||Restricted|Total|Total|
|---|---|---|---|---|---|---|
|||Funds||Funds|Funds|Funds|
|||2024||2024|2024|2023|
|||£||£|£|£|
|Income and endowments from:|||||||
|Donations and legacies|||||||
|Donations and granis||0||0|0|0|
|OtherTrading Activities|||||||
|Courses||90,754||0|90,754|89,749|
|Investment|||||||
|Bank Interest||0||0|0|0|
|Total Income||90,754||0|90,754|89,749|
|Expenditure on:|||||||
|Costs ofraising funds|||||||
|Costs ofgenerating voluntary income||0||0|0|0|
|Expenditure on charitable activities:|||||||
|Charitable activities|2|64,455||0|64,455|68,662|
|Other|||||||
|Governance costs|3|7,774||0|7,774|6,586|
|Total Expenditure||72,229||0|72,229|75,248|
|Net movements in funds||18,525||0|18,525|14,501|
|Reconciliation offunds|||||||
|Total funds brought forward - 01.04.23||111,578||0|111,578|97,077|
|Totalfundscarriedforward-31.03.24||130,103|.|0|130,103|111,578|





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## RESEARCH ECHOCARDIOGRAPHY 

## BALANCE SHEET 

## AS AT 31ST MARCH 2024 


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NOTE UNRESTRICTED RESTRICTED TOTAL TOTAL<br>FUNDS FUNDS<br>2024 2024 2024 2023<br>£ £ £ £<br>Current Assets<br>Debtors and Prepayments 8,396 0 8,396 0<br>Cash at Bank 3 122,403 0 122,403 112,226<br>130,799 ie) 130,799 112,226<br>Liabilities<br>Creditors due within one year 4 (696) 0 (696) (648)<br>Net Assets 130,103 0 130,103 111,578<br>Funds<br>Unrestricted Income Funds 130,103 0 430,103 111,578<br>Restricted Income Funds 0 0 0 0<br>130,103 0 130,103 111,578<br>**----- End of picture text -----**<br>


The notes on page 5 form part of these accounts. 

DR RONAK RAJANI 

22i<).4 



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Page 5 

RESEARCH ECHOCARDIOGRAPHY 

1 Accounting Policies 

## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 

## NOTES 

## Income recognition 

Tax repayments on covenants and Gift Aid, are treated on an accrual basis. All other income is accounts for when the Charity become entitled to or the income is most probable. In most cases this is on receipt of income. 

## Expenditure 

Gifts to the Hospital are treated on a cash basis, due to the uncertainities. Administration expenses are treated on an accrual basis. 

Administration expenditure of a capital nature is written off in the Income & Expenditure Account in the year in which it is incurred, 

## Taxation 

Research Exhocardiography is a registered charity and as such Tax exemption applies to the income arising and expended on its charitable activities. 

## Accounting convention 

The financial statements have been prepared in accordance with Accounting and Reporting by Charities:Statement of Recommennded Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities 2015 published on 16/07/14, the Financial Reporting Standard for Smaller Entities (FRSSE), and the Charities Act 2011 and applicable regulations. 

The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. 

|2|Expenditure|2024|2023|
|---|---|---|---|
|||£|£|
||Charitable activities|||
||Subscriptions|-|2,014|
||Speakerfees|4,377|9,003|
||Room hire|41,062|42,907|
||Travelling and accomodation to seminars|3,022|-|
||Stationeryand printing incl copyright|3,219|2,354|
||Book Production, publishing and licence fee|4,870|4,650|
||Course dinnerand refreshments|6,896|3,991|
||Laptop for course|-|1,894|
||Other costs|4,009|1,849|
||Governance Costs|||
||Annual Meeting|660|1,687|
||Website Costs|6,358|4,045|
||Accountancy and professional charges|696|648|
||Bank Charges|60|87|
||Travel|-|119|
|||72,229|75,248|
|3|Bank Balances|2024|2023|
|||£|£|
||Cash at Bank|112,226|112,226|
|4|Creditors|2024|2023|
||Accountancy Accrual|696|648|
|||696|648|
|5|Debtors|2024|2023|
||Room Hire in advance|2,756|-|
||Anniversay meal in advance|5,640|-|
|||8,396|-|