Charlty registration number 1100393 Company roglstration number 04670571 (England and Wal0$1 THE FOUNDATION FOR CIRCULATORY HEALTH (A CHARITABLE COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 THE FOUNDATION FOR CIRCULATORY HEALTH (A CHARITABLE COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees Lord D J Brennan KC Dr R Foale Prof D Fr8ncas Professor Jamil Mayel Prof N R Poutter Prof P S Sever Dr R P Da Cunha Prof R Khamis Ch￿f Ex•cutlv• L Bailey Charlty numbor 1100393 ompany numbor 04670571 R•gl*t•r•d offlc• 72 Soulhffield Road Chiswick London W4 1AZ Ind•p•ndent examln•r GolaWln$ Limked Chartered Accountants 75 Maygrove Road Wesl Hampstead London NW8 2EG THE FOUNDATION FOR CIRCULATORY HEALTH (A CHARITABLE COMPANY LIMITED BY GUARANTEE) CONTENTS Pa Trustees, report Stalèmenl of Truste&$' rosponsibi1S1ie8 Independonl examlnerfs report Statement of financlal actiwtle8 Balance shèèt Note8 lo the Ilnandal statements 7-12 THE FOUNDATION FOR CIRCULATORY HEALTH (A CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2025 The Trustees preserttheir annual report and finanaal stalements for the year ende(I X) June 2025. The acLounts have b&&n wepared in aixx)rdanre wih the a￿Jnt￿g polw set OLrt in note 1 to the accounts an¢J Ixjmply with the Foundation's Memorandum and Arbdes of Associalion. the Companies A(* 20(￿ and'Accounting and Reporting by Charities.. Statement of Recommended Pra(*ce appli(able to charities preparing their accounts in accordance with the Finan(xal Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 20191 (the Chanties SORPI. Structure. governance and management The Foundali(>n for Cir(x(latory Heatth Ltd (the FcyJndation) is a private (x)mpany limited by gu8ranlee, in(x)rporated on 19 Fe￿Uary 2003 and is a regÉstered d)arity, number 1100393. The Trustees have control of the Foundation and rls property and funds. The number of Trustees should be be￿een three and fifteen. Trustees are re-ele¢te(l every five yea￿. Mr R Bailey is Director and Chief Execarttve but is not 8 Trustee. The Trustees review the Foundation's strategy and areas of acbty. indudiThJ Ix>nsiderab"on of grant requests. finances and progress. To assist ihe Foundation in the allo(2tion of grants. a Research Committee meets as required to reMew appli¢2tions and make recommendations to the Trustees. A condition of all grants made is the subrnission of annual progress Teports. The followiThJ werè Trustees during the year and to the date ofthis re￿t Lord D J Brennan KC Dr R Foale Prof D Francas Professor Jamil Mayet Prof N R Poutter Prof P S Sever J J B Skinner Dr R P Da Cunha Prof R Khamis Ri$k Managernent The Trustee$ have (x)nsideTed the reporting structures and procedures aThJ are satisfied that thèse are adequats to manage the risks assoaated wilh the Foundation's activtbes. Oble¢tlves and a¢tlvllles The Foundation eonbnues to support researth and education in line wrth Tts aims to facilitate the translation of scientffic endeavour into better mcxjels of care for paiients wrth cardiovascular disease wrth 8 strong focus on prevention. This year a substantial donation has enabled the establishment of a new initiative to plan a global edLKational programme forfuture leader5 in the field of hypertension. Funding has been assured for a six year prr*Jramm8 to b8 carried out ui collabcffaticffl w¢th the Britssh and Irish Hypertension Society. Funds have been used to support orwJoing research in cardiova￿1ar phyS￿bgY and artificial intelligen applied lo coronary artery disease. The Foundation has also supported the participation of Msiting physiC￿nS including those from developing countries to attend and interact with the Imperial faculty and staff including visiting the Hammersmith Hospital and research facilities as well as attending the three day Imperial Valve and Cardiovascular Course and other meekn.ngs and conferences. GTant making policy The Foundation inwtes applicatKJns in a SFeafic formal which incbjdes any required elhics approvals and LX)nfirmation of support from the parliupating'lnslTtubon'. Appli￿￿n5 are first (x)nsidere(I by indi￿rIual Tnjslees. A recommendation is then made to the Board of Trustees. The emphasis is on short-temi funding on the basis that SUc￿55[U1 proje(ts will uknmatety be able to attract thè aPp￿￿"ale fijnding. An example is seed funding for PhD candidales who are U￿rnatety sutte&8ful in oblaining programme grants from major charrbes like the BHF. THE FOUNDATION FOR CIRCULATORY HEALTH (A CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2025 A¢hi•vements and perfornianc• The Trustees conflm Ihal they have ￿ferred to thg guidance contained In the Charity Commission's g8neral guidance on public be￿fit when reviewing the Foundats'on's aims and oble¢tlves and in planning its future activities. The Foundation continuos lo support a range of research and educational a¢#1￿￿8$ in line with ts overall objectivos. Fln•n¢lal r•vl•w The Trust88s have contlnu8d lo rewew the approprfale lev81 of fund8 lo be retalned for inveslmonl. Income from Sponsorshlp, donallon8 and Invostrn8nl was £380,915 12024.. £58,746> in this year. Expendlture £180,446 12024,. £80,IB31 wa8 spent on charflablo adv11￿3 and the governance and admlnlslT8llon of the Foundation. Fund ralsing policy The charity doès not ralse any fund from th8 public. R•s•rvo pollcy The Trustees are keeping under r8Vi8w Iho appropriate level of ￿$è￿e$ of which dep9nds on the future demands of varying projects and tha Foundation's Inv8slmenl #nd lund raising slrat8gy. A8 lulure prolect8 are uneèrtain il has not been posslble lo dèfine the level of reservos requlred lo be maintained. Plan• for th• futurn The Foundation will conllnue lo pursue ils primary aim of supporting education and research in iha flgld of C8rdiova3cular medicine with a new initiative to 8UPPtsrt a global training programme In hypertension. The Foundatlon wS1181so conllnue lo seed fund proje¢t$ th81 Inlllally are unable lo source 8llemat8 fundlng. Th18 practlce Ss expected lo continuè lo attract quality re8earch fellows and kick start polgnllal important projects. Funding of grant applications are expected lo continue with the emphasis on those rèdurAng the anlicipal8d diseas& burden in the developing worfd. Don81ion8 continue from a variety of healthcare companies, these belng mainty project relat8d. Thg report has been prepared in ac¢ordonGo with the piov185ons appllcabl8 lo companies subject lo the small r￿mPanIO$, regime. Thfj Tr es, report was approved by the Board of Truste￿. Prof P S Sevor Dated.. 22- THE FOUNDATION FOR CIRCULATORY HEALTH (A CHARITABLE COMPANY LIMITED BY GUARANTEE) STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2025 The Trustees. who are also the d1￿ClorS of The Ftsundalion for Circulatory Health {A Charitable company limited by guarantee) for the putptsse of company law, are rèsponsible for preparing the Trustees. Report and the finan¢ial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requiies the Truslges lo prepare financial slalements for each financial year which give a true and fair VI￿ of the stale of affairs of the Foundation and of the incoming resources and application of resources. induding the Income and expenditure. of the charitable company for that year. In preparing these flnancial $tal8rnènls. Ihg Tru$lees are required lo.. oe18Qt suitable accounllng pollclés and then apply thfjm con8i8tendy', obs8rvg the m&thod8 and principl86 in the Charities SORP.. make judgomonts and esllmates that are reasonabla and prudent., - 81ale whether applicable UKAccounling Sl8ndard8 hav8 bean followad. subjoc*to any matwlal departurès di$dosed and explained in the finanaal statements., and preparg the financSal statements on the going wncom basi8 unless1158 In8pproprlate lo presume Ihatlho Foundation wlll continue in op9r811on. The Trustee8 are responsible for keeping adoquale accounllng rewrds that disclose wlh r8ason8Ng ac¢uracy at any Ilmè the financial position of tho Foundation and enable thern to ensura that tho financlal statements compty with thè Companies A￿ 2006. They are 8180 rèsponsible for safeguardlng the assets of the Foundation and hence for taking reasonable steps for thè prevention and delectlon of fraud and other irregul8rlli88. THE FOUNDATION FOR CIRCULATORY HEALTH (A CHARITABLE COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FOUNDATION FOR CIRCULATORY HEALTH (A CHARITABLE COMPANY LIMITED BY GUARANTEE) I report to the Trustees on my eXaMinat￿n of the ac(￿unts of The Foundation for Circulatory Health {A Charitable company limrted by guarantee) {the FoundatK)nl for the year ended 30 June 2025, which comprise the Statement of Financial AGIN[L￿s, the BalaTr￿ Sheet and related notes. Responsibilities and basis of report As the Trustees of the Foundation (and also rts directors for the purposes of company law} you are responsible for the preparation of the finanoal statements in &cordan￿ with the requirements of the Companies Act 2006 (the 2006 Act)- Having satisfied myself that the financial statements of the FOundat￿n are not required to be audited under Part 16 of the 2006 Act and are eligibje for iThJependent examination, l ￿port in respect of my examination of the Foundation's financial statements carried out under section 145 of the Charities Act 2011 Ilhe 2011 Act). In carying out my eXaMinat￿n I have followed all the applicable Directions given by the Charity CLxnmiss*)n under section 145{5)Ib) of the 2011 Act. Independent examinerfs statement sin￿ the Company's gross income exlxded £250,000. I confirm that l am qualffied to undertake the examination because l am a member of the ICAEW. whth is one of the list&J bodw. I have completed my examination. I confimi that no matters have come lo my attention in conlleGlion with the examination gNing me cause to belwe that in any material resp&X". accounting records were not kept in respect oflhe Foundthn as wuir&J by section 386 of the 2006 Act., or 2 the acwunts do not accord with those recor(Is". or 3 the accounts do not compfy wtth the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a tme and fair view which is not a matter considered as part of an independent examination- or 4 The accounts have not been prepar￿j in accordance with the methods and principles of the Statement of Recommended Practi￿ for accounting and reporb.ng by charrttes applicab￿ to charttie5 preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). I have no concems and have ￿me across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a ptoper understanding of the financial statements to be reached. Anthony Epton BA FCA CTA Date: 29 April 2026 Goldwins Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG The Foundation for Clrculatory Helath ststement of financial activities (incorporating an income and expenditure account) For the year ended 30 June 2025 2025 2025 Unrostricted Restrlctsd fund8 funds 2025 Total funds 2024 Totsl fiJnd$ In¢om&from: Donations Investment income 374,912 6,003 374912 6,003 52,505 6,241 Total Income 380.915 380,915 58,748 Expondlture on.. Charitable activities.. 160,446 160M46 60,138 Total •xp8ndlturo 160,446 160,446 60,138 Nat In¢omo1 {•xpondlture) for th• yèar 220,469 220A69 {1,392} Tran8ferg b8fvM8n funds Not movom•nt In funds 220.469 220,469 11,392} Rèconclllatlon of funds: Total funds brought forward 95,689 767,138 862,827 864,219 Total fund• carrlod for•vard 316,158 787,138 1,083.296 861,435 l of the above results Aro dariv8d from Continuing Octwits'￿. There were no oth•r r*cogni8ed gains or1088es olher than tho88 statsd abov•. The attathed note6 fomi part of th888 finantial tstalernents. The Foundation for Circulatory Helath Balancg sheet Forthe year ended 30 June 2025 2025 202S 2024 2024 Not• Flxèd a$$ets: Tangible as89ts 2.832 2,832 Current a88et8: Cash at bank and In hand 1.201,723 1.201,723 976,667 976,667 Crwjltors.. amounts falling due within on8 yoar 10 1121,2691 1113,8401 Net currnnt a•••ts 1.08OA64 862,827 Ll•bllltl•8: Creditor8.' amounts fallln9 du• aftgr more than one year Total n¢t 4B8ets 1.083.298 862,827 Funds Restrthd fundB Unrestrirted lund8'. General lund8 Totsl unreBtrict8d fund8 12 787,138 767,138 316,168 95,689 318,168 95,889 Tol•l funds 1.083,290 862,827 Thè ¢4mpany18 ènltled to th• ￿emPtIon from the audll requlrement wntalned In sectlon 477 01 lh• Compani•# Act 20C6, for th8 yaaf 6nd8d 30 Jun? 2025. Th• dir8Ctor aCkn￿ed9￿ hy6 responsi￿lIdeS forcomplying with the requirements of the Cornpani88 Act 2006 %￿h re8P8Ct to accounUng re￿r￿S and the preparation ol finaneA81 stat•m8nts. The mernter¥ have not requir￿ the ￿)rnpany to obtAin An audit of its financial $t8temen18 tor the year In qU&s￿on In ac￿rdance with seGion 476. Thgsg financial Btatem8nts have b88n praparad in 8¢¢ord8n¢e wlth the provlslon8 appllcable to COrnP8nEe$ gublact to the 8rnall ￿mpanieS regime. The fin rAal stst8ment8 were approvod by tho TN8tao8 on .... Prof P 8 Sever Company rnglsbxtlon nurnhr 04870671 IEngkgnd and W81081 The attac￿d not88 fo￿ part ofthe finanaal ststements. The Foundation for Circulatory Helath Notes to the financial statsmgnts For the year ended 30 June 2025 Accounting policies Charity Inforniatton The Foundation for CircJJlatory Health IA Charitabk ¢L￿panY by guarantee) is 8 private ry)rnpany limited by guarantee inLworated in England and Wales. The wistered office 15 72 SouthrE￿j Road, Chiswx* London. W4 IAZ. 1.1 Aceounting conventio The accounts have been prepared in ac£Ordan￿ vAlh the Foundation's Memordndurn and Arbde5 of Assoca8tion, the Compan*5 Ad 20C6 and"Auntir#J and Reports'ry by Charitses. Statement of Recommended Practr£ applicable to chanties pfeparing tt)eir acy>)unts in aCu)rdan￿ wth the Finanraal ReFX)rting standa￿ applicab￿ in UK and Republic of IreLqnd IFRS 102} leffeth.ve 1 January 20191 (the charl1￿8 SORPI. The Foundabon a PublK B&)efit Enbty as de￿ned by FRS 102. The Foundation has tsken advanlwJe ofthe provwns in SORP frjr c*aritses applyi*YJ FRS 102 Updatè Bullèb"n 1 notto prepare a Statement of Cash Fk)v*S. The acujunts are prepared in sterfir¥J, i8 the fvncth?nal ￿rrenCY ofthe Foundabon. Monetary amount5 in these fin8n¢ial *aternents a￿ rounded to the neatest £. The aoxjunts have been prepared urthrthe historical CA)St ￿nventi¢)n, m￿jffjed to indude the revaluatK)n of freehokl prOper￿S and to indude invesln*nt properties and ￿rtaiN ffinancial instnjments at fair value. The prillap￿ a(xx>untiThJ poiK*5 adopted are set outbeltyw. 1.2 Going concern At the b.me ofapprowng the acc￿￿ the Tnjslees have a reasonable expedab.on that Ftyjndation h8s adequate ￿$oUr￿$ to continue in op*rational e￿$tence for the frjreseeable future. Thus the Trustees conb.nue to adopt Ihe goiThJ conc4n basis ofacttsjnbwj in preparing the accounts. 1.3 Charitsble funds Unreslri(*ed ge￿ra1 fvnds- these ￿ fun¢ts that can te u￿1 in a￿[dan￿ th the tharEtable bjects al the d￿et￿n ofthe Truskn. Restr¥Lted lunds- these ate fvnds th* ¢an only te for pa￿"0￿lar resth.caed purposes wrthin the objects ofthe Foundation. Restricb"ons artse vthen S￿￿ed by the donor or%then ftjnds are ra¢sed for parb￿181 restnded PUfPD5es. 1A Incorne Income i% reai9nL8ed ￿en Foundatic• is kgalty enbuwj to rt after any pthtrna￿ ojnditions have been n* anounts can rebabty. a￿1 it i8 probable that income wll t Inwme from donations is iftdLKled in unr8strthl inrx>miThJ resourc£8 when these are r￿1Vable, extspt folknwd.- When donors spwfy that dc¥iations gwen to the FouThJation mLL8t bg us&J in ftjture aoxunting periods, the income is (leferred until those period When donors speofy that dC￿ationS are for pa￿.￿jLar ￿ICted purposes. whith do not amount to p￿-￿)ndItIonS tegatding enbuernent in¢on* i% induded in inc(#nir¥J ￿sOUrceS of ￿stn¢ttrd fijnth when receNth. The Foundation for Circulatory Helath Notos to the financial ststements For the year ended 30 June 2025 1￿ Expendliure Expend￿te is acoxmted for on an awiab basts. Grants payable are ￿¢))gniSexPyats￿ as ￿1 its tharifawe is apWied fr charilaNe purp05e5. Tanglb* fwl assets ttings & Total C05t Atts5tsrtofthe Additiorts in year DwosaL8 in year Atthoend of th¥yoJr 17.Tr2 17,762 17.7W2 21.302 Depreciatlon At stsrtoflhe ￿r char￿ for theyear Eliminated en dSsposal Atthg gnd off th8y•Ar 17.762 17,762 17.762 18,470 N•t book val Atthoond olth•y•ar 2.832 2.832 At the 8tsrtoflheyear -11 The Feundation for C1￿ulatOry Helath Notes to the financial $tstsm•nts For the year endad 30 JU￿ 2025 10 Cr8dltor8'. amounts falllng duo wtthln ono year 2025 2024 Other credit(x5 AccruaL8 and def8rred kKotne 98,850 22,4109 107.840 6.000 11 AMIy8lB of ngt••••t• b•tw•gn funds GenerBI unreslrt¢ted R88trfcted Total fvthd• Tanglbl6 fixed asaelJ Nel Cu￿nI ass01¥ Net a&8èts •¢ ¢h• •nd oftho y••r 2,832 1.080,464 2.832 1.080.484 11• AMlysSB ol nota•#•t• b•tsw•n fvnd• 1prf0ry￿r) General unre%lrtcled R￿trf¢￿•d Total lund• Tarylbk fixed 888618 N61 curreni as￿1 Nel as￿18 al Ihe end olthe ye 862,827 882 827 862,827 12 Mov•m•nt• In lund• At tho ¥tart of the y?8r IrKDmlng ruourcei R88ource8 xpended At the ond •fth• y￿1 rr8r*fer8 R••trlci•d lund•'. Re8trided fund$ Total rn8tr1ctad lundA 787,138 787,138 787.138 767,138 Unr8Strlctsd fund•= Gen&rAI fund$ 95,689 380,915 Totsl Unf••trl¢t•d fund• Thsr ThSTr 1160,446 316.158 Totsl Funds 882,827 380.915 1160A481 1,083,Z96 121 Mov•mont¥ In fundi Iprlory•aty tha 8tsrt of the year In¢omln9 rgsour¢eB RestyJrces expen¢Jed Atth• •nd ottho yvr Trnmfern Ro8trlct8d lund•'. Re$iricted funds T¢t•l r••tri¢t•d lund* 767.138 7,138 767.138 787,138 Unro8trlctsd funds: General fw)d$ Totsl unr881rfcted funds g7.081 97,0 58,748 08,746 160,1381 160,1381 95,689 95.689 Tot41 Fund8 864,219 61748 160.1381 862.827 PurpDses of re¥striEt•d fun The res￿ded funds of the th•rity unexpended balancas of donallonB grants hekl on I￿1 S￿￿Ct to 8padfic condluons ty deNJrs as to howtr*y may be used. 13 R8latsd party transaetlons TMr8 **tt no dwID5ab￿ related pAtytranwtionsdurirvJ the ye8r12024- none). -12-