. Registered Charity No 1082940 ## RESEARCH ECHOCARDIOGRAPHY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 ## 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 2025 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. Dr Ronak Rajani ¢)sfar ## RESEARCH ECHOCARDIOGRAPHY ## FOR THE YEAR ENDED 31ST MARCH 2025 ## independent Examiner's Report to the Trustees | report to the charity trustees on my examination of the the accounts of the charity for the year ended 31st March 2025, which are set out on pages 3 to 5. ## Respective responsibilities of trustees and examiner The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. | am * qualified to undertake the examination by being a qualified member of The Association of Chartered Certified Accountants. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to : * examine the accounts under section 145 of the 2011 Act * to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and * to state whether particular matters have come to our attention ## Basis of independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning such matters. The procedures undertaken do not provide all the evidence that will be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below. ## Independent examiner's statement In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements * to keep accounting records in accordance with section 130 of the 2011 Act; and * to prepare accounts which accord with the accounting records, comply with the accounting requirements of the 2011 Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Stephen Hole, FCCA Palmer McCarthy Chartered Certified Accountants Suite70, Capital Business Centre 22 Carlton Road South Croydon CR20BS ## ie o : Page 3 ## RESEARCH ECHOCARDIOGRAPHY ## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 ## INCOME AND EXPENDITURE ACCOUNT |||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---| |||Funds|Funds|Funds|Funds| |||2025|2025|2025|2024| |||£|£|£|£| |Income and endowments from:|||||| |Donations and legacies|||||| |Donations and grants||0|0|0|0| |OtherTrading Activities|||||| |Courses||185,684|0|185,684|90,754| |Investment|||||| |Bank Interest||0|0|0|0| |Total Income||185,684|0|185,684|90,754| |Expenditure on:|||||| |Costs of raising funds|||||| |Costs of generating voluntary income||0|0|0|0| |Expenditure on charitable activities:|||||| |Charitable activities|2|127,766|0|127,766|64,455| |Other|||||| |Governance costs|3|4,657|0|4,657|7,774| |Total Expenditure||132,423|0|132,423|72,229| |Net movements in funds||53,261|0|53,261|18,525| |Reconciliation offunds|||||| |Total funds brought forward - 01.04.24||130,103|0|130,103|111,578| |Totalfundscarriedforward-31.03.25||183,364|0|183,364|130,103| : Page 4 ## RESEARCH ECHOCARDIOGRAPHY ## BALANCE SHEET AS AT 31ST MARCH 2025 **==> picture [396 x 363] intentionally omitted <==** **----- Start of picture text -----**
NOTE UNRESTRICTED RESTRICTED TOTAL TOTAL
FUNDS FUNDS
2025 2025 2025 2024
£ £ £ £
Current Assets
Debtors and Prepayments 0 0 0 8,396
Cash at Bank 3 184,084 0 184,084 122,403
184,084 0 184,084 130,799
Liabilities
Creditors due within one year 4 (720) 0 (720) (696)
Net Assets 183,364 0 183,364 130,103
Funds
Unrestricted Income Funds 183,364 0 183,364 130,103
Restricted Income Funds 0 0 0 0
183,364 0 183,364 130,103
**----- End of picture text -----**
The notes on page 5 form part of these accounts. DR RONAK RAJANI ‘ Page 5 RESEARCH ECHOCARDIOGRAPHY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 1 Accounting Policies ## 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|2025|2024| |---|---|---|---| |||£|£| ||Charitable activities||| ||Subscriptions||-| ||Speakerfees|10,415|4,377| ||Room hire|63,643|41,062| ||Travelling and accomodation to seminars|12,179|3,022| ||Stationery and printing incl copyright|3,074|3,219| ||Book Production, IT, publishing and licence fee|29,077|4,870| ||Course dinner and refreshments|6,254|6,896| ||Donation Royal College ofSurgeons|1,787|-| ||Musician and Sound|2,586|| ||Other costs|1,337|1,009| ||Governance Costs||| ||Annual Meeting|-|660| ||Website Costs|3,937|6,358| ||Accountancy and professional charges|720|696| ||Bank Charges|-|60| ||Travel|-|-| |||135,009|72,229| |3|Bank Balances|2025|2025| |||£|£| ||Cash at Bank|184,084|412,226| |4|Creditors|2025|2025| ||AccountancyAccrual|720|696| |||720|696| |5|Debtors|2025|2025| ||Room Hire in advance|-|2,756| ||Anniversay meal in advance|-|5,640| |||-|8,396|