Chartty reg1$tr4t6on nwiber 1110067 Conyny rngistratign number 05382971 (England and Wales) HEALTH EQUALITIES GROUP LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 •A8JEY17V* 17112Q022 COMPMIES HOUSE A14 #136 HEALTH EQUALITIES GROUP LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustee5 Ms J J Puryis Professor S Capewdl Mr M Ainsworth Mr S ￿lIaMS Mr J Nolan Mi S Mayer Secr•tary Mf M J I Philpoff Charfty nwnber 1110 Company number 05382971 R¢gffj*red office 151 Dale Street L2 2JH Audltor DSG Cast* ChJnbers 43 Casue Street L2 9TL HEALTH EQUALITIES GROUP LTD CONTENTS Page Trustees. report Slalement oftrustees. re5pon&bdi￿s . Inaependent auditorfs report Statement of fina￿1¥ actNities Balance sheet Notes to the finarrial stalements 10-18 HEALTH EQUALITIES GROUP LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 The trustees present their ￿nvol report and finxial slatements fi)r the yeaT end8d 31 March 2022. The financial statements have been prepared in accordan￿ with the act*unting F*)licies set out in note 1 to the nancial statements and conwty vrith Ihe charitable c4Jmpanrfs Memorandum and Artides of AssocAation. the Companies Act 2006 and 'Accounling and Rep￿.ng by Charib'es." Siatement of Re￿rnMended Practi￿ applicable lo charities preparing their acojunts in accordance wrth the Financial Reporting Standard applirable in the UK and Republi¢ of Ireland IFRS 1021 leffec*'ve 1 January 2019)"_ Obj•etiv•s and activitle The objectives are to uThlertake research, polw change actiwties and educaib)n programffes in relation to the prevention of non-c0mmunlcab￿ disea5e5 reduclion of heahh i￿qUalit*S ift. but not limited lo. Ihe Unr(ed Kingdom. The tharity has 8 number of rx)wers induding". To promole a heatthier enwrmmenl wheie premafvre death and disability from CVD and NCDS may be reduced and health inequalrties in drferent social and other regK)ns may be addressed.. To pronY)te or cary oui research., . To prowde advi￿ aThJ advocacy servKes ￿tlect to tharity law, to undertake campaignirBJ and polilical actmties in fLwtheratKe of the Objec These p¢)wer5 are ¢Jpen lo suuliny by all our pJlner5. Publlc Bènefit The Irustees have paid due regard to guhlance issued by the Clwty Commissh)n in deOd1￿j whal aciiwlies the chariiable company should undertake. Achievements and perfonnance Health Equalities Gioup Ltd (HEG) remain$ primanfy an ad¥w ryganisation with most proie(a delivery and service PfOViSton through its partner social enterpnses". HOM Partnerships Community Interest Company and the European Healthy Stadia Netwo￿ Communty Interest Company. Profits from both these orgarsisations. as appropriate, are gift-asded to HEG to suppcrfl our charilable benefft as described above. The perk)rmance reports bel¢)w repre5enl this. HOM Partneyships HOM Partnerships {HOMP) is a Communty Interest Company owned by HEG, and acts as the delivery am) of the charity. HOMP delivers public hearth interventh)ns at both bcal and regional level with a focus on food, physical activity and tobacco control. HOMP delhvefs Ihe Food Aclive programrne for the North West of England and beyond. Despite the pandernic. Ihis year ha5 been a ptssthè year for the Food Aclive program￿ vrilh signfficant ￿ltina1 and national succÈs5Ès. includiro.. Development of heaKhy vending guidan Development of a heaAhy eating todkil and training packagè for thè UK Hdiday and Activity Fund Award of a new contrad from Cheshire 8 Merseyside CancerAllÉance on obesty and cancer outcornes Further roll out of GULP projects in the North West region Delivery of the Pennine Lancashire Chiklhwd Obesty Trailblazer Programme Yw 3 Hostin9 01 an annual conferen¢e Delivery of Food in Care and took ￿l'S Cook￿9 training twrammes to carers in kn"verpool. L*cashire and Gfeatèr Marthesler_ HEALTH EQUALITIES GROUP LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Européan Healthy Stadia Networfl Euiopean Heatthy Stadia Nefv40rk (Heallhy St&lia) 15 8 Communty Interest Company owned by HEG and delivers public heamh inlervenlions for SFKMS dubs and thèir stath"a. aThJ devek)ps public heallh gubjance to affecA pol change. Achievefflents and contra¢Js for 2021-22 indude" Recommenced NIHR lurM1•d project on Football Fans and 8eth.ng Delivery ol GULP sugar drinks educat￿ programme to 46 schools in L￿ashIre through football dubs New project tsjmmissioned by Greater mand￿ster Cornbined Authority on sport & gambling ham re(luth'on Online ACES tr8iniThJ ddiwed io orgarlsat￿s irb the spots aTrJ CVS sedor Financial review The trustees have reviewed HEG'S finan¢e5. ￿dUding rts reseThes, throughout the finanryal yèaf of 2021r22. Desprte the conkn.nued ellects of global pandèmic. the chanty has continued to grow. wrth an income stream into the charity On￿ again over the 2021122 finarKial year from European Hearthy Stadia Ne￿Ork and, signrfuntly, from HOM Partnerships. Trading condi1￿5 have been more favourabte oiRr Ihe ￿st 12 months in comparison wilh 2020121. wrth HOM Partnerships wnning a r￿4 lowterm project. and continuing w￿k on higher value projeds during the finanryal year. Management charges ielate to costs across HEG. HOM Partnerships and European Healthy StaLla Ne￿￿. Management and administrative support costs a￿ shared acioss the organtsa1￿l. As in the pre¥iou5 year, the majoiity of income has via HEG'S sori* enleipwi￿. Res•r¥es pollcy It is the policy of the charitable company Ihat funds have not been designated or Testricted for a specific use should be maintained at a level equivalent lo at kasl three months. expenditure. Surplltses generated by Healthy Stsdia should be maintsined in a reslrided fvnd to support its fvlure growih and to mib.gale against any potential financial risks. This restricied lund ￿11 be be equivaleni to at least six month5, expèndrture. The Charity will also maintain a separate Designated Reserve equivalent to at least three months Èxpendrture to mitigate agalnst future restnjcturing requirements in lighl of COVID and other potentkal s19nrf￿inI Char￿eS to its operaling enwronment. The Trusiee5 consider Ihal reseNes 31 this level will ensure Ihal. in the ￿nI of a signiflcanl drop in funding. Ihey will be able lo continue the tharitable company's wrrent actywties while ¢onsideratk)n is grven lo ways in which additional funds may be raised. The ￿Ve1 of unre5tn.ctsd rèserve5 has L*en maintained throughout the yèar. The board is CUTrentty ￿e￿ewing its reserves poI￿Y in Ight of the cuThent ec¥JncrfThc dimate and the fijture planned activities of the subsidiaries. Risk ass•sm•nt HEG evaluates short and long-temi risk through a fomial risk regisler that is updated on a quarterty basis and scrutinised by HEG Finan￿ Group wrth any map)T risks ￿pOrted back to the HEG Board. The trtsstees have assessed Ihe major risks to whith the charTtable o)mpary is exposed. and are satisfied Ihat system5 are in pla￿ to mrtyate exw>sure lo the rnay)r cth. Structure, yovèmanc• and manag•m•nt The chari¢3ble o)rnpany is a company limited by guarantee. lnc(Kpor￿ed on 4 March 2LX)5 and registered as 8 harity on 17 June 2005. The cY•mpany was eslablished under a Memorandum of Assooation. which established the objects and powets oflhe tharilatAe compary and is govwne(l under theArtKks ofAssOck￿ffi. HEALTH EQUALITIES GROUP LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 The trustees. who are also Ihe directo￿ for the purpose of company law, and vtho seryed duiing the year and up lo the date of signature olthe financial statements were.. Ms J J Purws Professor S Capewel Mr M Ain5WOrth Mr S Williams Mr J Ndan Mr S Mayer The trustees meet quartety and are responsib￿ for the man•3ement and strategic thlership of the ¢hanty. The Finance Group 15 chaired by &ephen WIIK4ms. The Group •J¥tses on HEG'S financial affairs arwj repC￿tS directty to Ihe trusteès. Matthew Philpott. HEG'S Chief ExeoJtNe is ￿S￿nsi￿e to the Bowd of Trustees for the management and direclion OYHEG. Auditor In accordance wth the o)mpanls art￿les. a resolu1￿ WOFosirvJ that DSG be reappointed as auditor of the company will be put at a General Meetsng. Diselosurg of Infomwtion to audilor Each of the Irustees has o)nfirmed that there is m ￿fOrmatiOn of whith they pJe which is relevant to the audit. bul of which the auditor is unaware. They have fiJrther conffirrned that they have taken 8ppropriate sieps lo M18ntify such relevant informaiion ar￿ to establish thal the ¥tKlrtor i5 aware of such information. The truste8s' report was approve11 by Ihe Board of Truslees. J Pums Trustee Dale.. HEALTH EQUALITIES GROUP LTD STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2022 The trustees, who we also the dffedors of HeaNh Ewahties Group Ltd for the puw of o)mpany law. are responsible for preparing the Trustees. Report and the finanoal statements in aD￿rdance wlh applicable law and Uniled Kingdom AccDunbng Standards (United kn"ntyJtyn Generally Accepted Accounting PraCt￿e). Company Law require5 the Iru5tee5 lo Prepare ffinancial stslemenls for each financaal yeaT which give a true and fair View of the stste of affairs of the charitable ojnpany and of the incD[r￿n9 resovr¢e5 and appl￿¥110￿ of iesource5. including Ihe income and e¥penditure, ofthe ¢*wita￿e (x)￿anY for that year. In preparing these fwwnL?al statements. the trustees we required to". - select suitat4e acLounl¥ig policies and then appty Ih¢m consistenty.. - obserye methods and wincipks in the Charitses SORP., - make judgements and estsmates that are reasonth aThJ prudenL prepare the financkal ststèmènts on the wing o)rwn basis unless rt ts w)appropn"ats to presume that the charitable company will conlinue in operatM)n. The trustees are responsib￿ fty keeping adequate accounting records that disdose with reasonable accuracy at any time the financAal posthon of the charitable company and enab￿ them to ensLEre that the financial statements comply with the Cornpanies Act 2￿. They a￿ also responsible for safeguarding the assets of the charilable company and hence for laking reasonable steps for the We￿11)n and detecth)n of fraud and other Irregularit￿S. HEALTH EQUALITIES GROUP LTD INDEPENDENT AUOITOR'S REPORT TO THE MEMBERS OF HEALTH EQUALITIES GROUP LTD Oplnion We have 8udiled the ffinan(xal stslements of Health Equalrt*s Group Ltd 'charitable cornpan￿ for the year ended 31 Mar¢h 2022 whith comprise the statement of ffinan¢ial a¢b"￿IE5. the balan¢¢ sheet and Ihe note$ lo the financial statements, induding a summary of wnfficant a(£ounts"ng polKies. The financial ieporting framework that has been applied in th&"r preparakn.on is aP￿[cable law arKI United lQ"ngdom Accounting Standards, including Financial Reportiro StaThJard 102 The Finanual Reporting Standard aWi¢able in the UK and Republic of I￿land (United Kingdom Generally AcceptgJAcoJunting Praclice). In our wnron, the rThnck￿ stalements.. give a true and fair wew of the state of the charilabk companls affairs as at 31 March 2022 and of ils incoming resources and appk'cation of resources. induding its *icome and expenditu￿, lor the year then ènded., have been prop¢ity prepared n ￿￿￿an¢e United K￿ydoM Generally A¢¢eple4 Ac¢ounb"ng Pr*ice.' and have been prepa￿d in 8¢ts)rdance wilh tr* rewirements ofthe Compane$Ad 2Cth. Ba$1$ for opinlon We conducted our audil in ac£ordance with Intemational Standards on Audrting (UK) (ISAS IUKI) and applicable law. Our responsibilrties under those standards are fvrther described in the Audrtorfs ￿spOn￿bil￿eS ftjr the audit of the financièl stètèments seclion of cmjr report. We are independent of Ihe chariiabbe c¥)mpany in acc¥ydarrE wth thè ethical requirements that are relevant to audrt ol the finanaal statewts in ts UK. induding the FRC'S Elhical . Standard, and we have fuffilled ouf other eth￿1 rèsw)nstts"lrties in aw)rdance wth these requiremenis. We believe that the audrt evidence we have oblained is suffio.enl and appioptiale to provtyle a basi$ for our opM)ion. Conclusions relating to going concèm In auditing the ffinan¢ial $talernents. we have ¢onduded that the twU5tees' of the going ￿n￿rn basis of acujunting in the prepara1￿ of the financial statements is appropriate. Based on the work we have performed, we have nol identified any material uncertainties ￿￿ting to events or cDndtb"ons that. indivtdualty or cthectively. may casl signifjcant doubl on the that11a￿e cornpany's ability 10 cDnlin as a going concefn for a perlod of al ieasl ￿e1Ve rrKJnlhs Irom when Ihe financial statements are authorised lor issue. Our re5ponsibililies and the respon￿￿"11tleS of the trustees wilh respect to utr)ing ojncem are desuibed in the relevant sections of this report. other infomiation The other information cornprises the infomalion induded in the anmal rep￿1 other than the financial slatements and our auditorfs report thereon. The trustees are responsible for the other inforniation contained within the annual report. Our opinion on the fjnancial statements doe5 not cover the other inforrnation and, e¥cEpt to the extent otherwise explicitty slated in our report. we do not express any form of assurance condusion theieon. Our responsibility is to read the other informab.on and. in doirvj 50. consider whether the other information is materially inconsistent with thè finan031 statements or our kwAfledge obtsined in the of thè audit. or otherwisè appears to be materialty misstated. If we Klentrfy such material ineonsisterties or appa￿nt matenal misstatements, we are required lo delermine whelhef Ihis gives rise to a material misslalemenl in the finanaal statements Ihemselves. If, based on the work we have.performed. we c¥yKlude that there is a material misslalement of this oiher infomiation, we are require(I to report Ihal fad. We have nothing to ￿pOrt in thi$ regatd. HEALTH EQUALITIES GROUP LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF HEALTH EQUALITIES GROUP LTD Opinlon$ on other mattern prvs¢ribed by the Companies Ad 2006 In our opinion, based on the work undertaken in the coutse of our audil.. the informalitin given in the trusleÈs' rekxyt for finanual yÈar for which the fw)anaal statèmènt$ are prepafed. whith indudes the directors. rem p￿pared f¢y the purr4WS of company law, is consislenl wth the finana31 statèments" and the direeiors. report indudtd wthin the trustees. report ha5 b￿n prepared in actsJrdanc* with appltsble legal reqU1￿Ments. Matters on whleh are requlrèd tts report by èxteplion In the light of the knowledge and urKler51aTrJing of the tharilable C￿panY and rts environmenl obtsined in the urse of the 8udil, we have ThJl thntthed rnateiial misstsiements in tr* directors. report included within the trustees, feport. We have nothing to report in rèsped ol the folkxHI9 matters in relabon to whieh thè Companies Act 20C6 req￿￿S us to report to you rf, in our opinKJn'. adequate accounbng records have r￿t Ixen kept. or retum5 adequate for our audrt have not been reCeI￿d from branethes not vi*ted by us," oi Ihe financial slatemenls are nol in agreemenl with ihe a￿oUnI1ng reo)rds and relLrn5'. or certasn disclosures of Injstees Temuneralion $F￿￿fied by baw arè nol made" ot we have not received an the inft>rrnation and explanations we require for our audt. or the trustees wer8 not entitled lo prepare the financial stalemènts in accordance wth thè small companies regime and take advantage of Ihe small companiès. exemptKJns in p￿paring the tnJslees' re￿ and from the requirement to prepare a Strateg￿ reF*NI. Re5ponsibilitie¥ ol truslees As explained more fully in the slalement of Ill￿tee$, ￿SponSibl1rt￿, the trustees, who are also the directors of the charitable company for Ihe PLtrFQ5e of company law. are responsib￿ for Ihe preparath)n of Ihe financral statements and for being satisffied thal they gNe a Inje and fair view. arvj for intemal contrd a5 the Iw5tees delerrnin¢ is nècessary to enablè the preparabon of ffinanoal slalernenls that are free from material misstatement. whether duè to fraud or error. In p￿paring the financial stateme[￿. the triJstees ate iesptsnsible for assessing the charitable company s ability lo continLbe as a ￿ng concem, disdosing. as applicabte. matters related to going concem and using the 90ing cx)ncern basis of accounting unless the trustees eilher intend to liquidate the tharitable company or to cea$o operations, or have no realistyc allwnth but to cb) so. Auditorfs responslbilitiés forts audit of tht financial statemènts Our objectives are to obtain ￿aSona￿￿e assurance about whether the finanaal statements as a Who￿ are free from material misstatement. whether due lo tra￿1 or error, and io issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance bul is rM)t a guarantee that an audit corKJuctentra¢tual or other lega rights." ant1 Ihe intangible 8ssei is separable Irom the emty. Amorlisation is recognised 50 a5 to write off the cosl or valuation ol assets less th￿r residual ¥a￿e5 1)ver their usefvl lives on the follo￿n9 bases.. So￿are 3 years straight line 1.7 TangIb￿ fix￿ ass•ts Tangible fixed assets are inrtk31ty rrea5ured at (yxl and subsequenty measwed al (y)51 or valuation. net of depwatÈon and any impaimw)I losses. Oeprecjation is recognised so as lo wile off the cost or valuat*)n of assets less their residual values over their Useful lives on the following bases.. Fixi¢Jres, frtb'n99 & equipfflent and 25% on cost The gain or los5 arising on the disposal of an asset is detetmined as the difference be￿een salè proceeds and th8 carrying value of the asset. aThJ is recognised in the statèment of finanual activities. 1.9 Flxed ￿et investhiènts Fixed assel investments are initialty ThEasuTed al cosl and subsequentty measwed at cost less any 8cumvlated impa*rment losses. The investments are assessed for impairnient at eath reporling dale and any impairment losse5 or reversals of impainneni knsses we reLX)gni5ed immedi• bn net bncomel{expenditurè) foi the year. A subsidiary is an entty controled by thè charitabk cornpany. Conlrol is the power to govèm Ihè finartial and opefating policies of the enlty so as to obtain berth Ittyn rt$ *#MtEs. 1.9 Impaimient offixed awts At each reporting end date. the charitable company remvs the carrying amounts of its langible assets to determine whether there is any indicalion that th)se assets ha￿ suffered an impairment loss. If any SLKh indication exists, the recover￿le arr￿Unt of the asset is estinated in order to determine the extent of the impairment loss Irf any). 1.10 Cash and cash •qui¥alents Cash and cash equivalents indude cash ￿ harKI, deposits hehj at call with bank5. other short-term I￿Vid inveslmÈnts wrth original maluiitiès of thrÈè rnnihs or kss, and bwk overdraft5. Bank OVeTdrafts are shtswn wrthin borrtmings in current Ilab￿￿"eS. 11 HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2022 Aceounting poli¢ies {Continu•dl 1.11 Financial instruments The charrtablÈ thmpany has èlecled to aprAy the pKoW￿l)rts of Se(*"on 11 'Basic Finanaal Inslwments. Seclion 12'0ther Finanoal Instruments Issues. of FRS 102 to al of its fina￿al instruments. FinarKk4 instruments are recognised in the Charilab￿ 0)mpa￿S baance sheet when the Charitab￿ company bec£*mes pafty to Ihe contractual provisic￿S ofthe instrument. Financial assets and lialylrties are offset. ￿ the amounts presented in the financial statements, when there is a legally enforceablè righl to set off the reixyjnised anM)unts and there is an intention to settle on a nel basis or to realise the asset and s¢tUe the liability simultaneousty. B•si¢ finoncialassets Basic financial assets. indude debto(s and ￿sh aftd bank balances, are initialty measured at transact￿￿ pn'ce ￿d￿dir￿j transaction costs and are subsequenlty Car￿ al amortised cost using the effective inierést rnelhod unless Ihe arrangernenl cThistslules a financing transaction, where the transaction is measurÈil at the present value of thè luture receipts disr￿jnted at a markel rate of inte￿$t. Firwcial assets dassified as recei￿b￿ wrthin one year are not a￿￿Y11¥ed. Other Ilnanelalassets Other financial assets. induding invesfrnents in equity instruments whith are not subsidiaries. associates or joint Ventu￿$. are initially measured al fair walue. whith is normally the transa(Xion w"ce. Suth assets arè subsequenlly cairied at fair value and the changes in fair valuè are re¢J)gnised in net incomellexpenditurel. except ihat inveslmenls in equrty instruments thal are Th)t pufAicty traded and whose fair valu•s cannot be measured rella￿Y are measurer5 at cA)st less impaimenl. Impairment of finan¢i*lassets Financial assets, olher than those hdd at fair value through income and expenditure, are assessed for indieators of impai￿ent at each rèporting date. Fin¥n(xal assets are. impaired whèrÈ there is objèclivÈ evidence that. a5 a ￿sU11 of one or more events that (Kxxjrted after the inthal re(x)gnilion of the finanry81 asset. the estimated future cash flows have been aff8cteil. If an assel is impaired, the Impalm￿nt loss is Ihe dIffe￿nCe tse￿een the carying amount and the present value ol thè estimated cash fiows dIs(X￿nIed al the assel'5 Or￿jinal effèciive interest rate. The impairment ltsss is reujgntsed in net incomellexpenditurel fot Ihe year. If Ihere 15 a decrease ￿ the impairment loss arising from an event C￿￿rrIng after the impairmenl was recognised. the impairment is reversed. The reversal is such Ihal the current carrying amount does nol Èxceed what the arnounl wtyjkl have been, had Ihe irnpairrnènt not previousty be￿ rÈ¢ognised. Thè impairmenl reversal is reco9nised in net In¢f*￿Iexpendit￿) for the year. Derecognition offinancialassets Finarrial assèts are dèrÈu)9nised onty when the corttra¢tu81 ruhts lo thè Cash ffows from thè asset expirè or are settled, ￿ when the charilable c(Mnpany Iransfers the financaal 8sset and 5ubslantially all the risks and rewards of ownèrship to another entity, or il some wgnificant risks and rewards ol ownership are retsined but cknMToI of the assel has transferred to another party Ihal is able lo sell the assel in ts entirety to an unTelated third party. 12- HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies Icontlnuedl Basle finaneial liabilities Basic financtal liabilit*s, inthding ueditors aNI ba￿ loan$ ￿ *)rtknily recojnised at trans*ion pite u￿*55 the arrangement constitutes a financAng transactK)n, wherè the debt instrument is measured at the p￿sent value of the fvture payments discounied at a market late of interest. FMHnrAal liabililies classffied a5 payable within one year are not amortised. Dèbt instruments are subsequenlly ¢•T*d al WT¥¥lised cost. using the effeth"vÈ interèst rate metrKtyJ. Trade creditors are Ob[pa￿n$ to pay or wvKxs Ihat have been acquired in the ordinary course of operations from suppliefs. Arnounls PaYa￿e are dassrfled as (￿rrent liabilit￿S rf payment is due within one year or less. 11 not, they are presented as non-ojrrent Ihabdtbes. Trade ueditors are recognised initialty al trans3￿￿ prtce and subsequently measured at amorb'sed cost usng the e1tective inleresl method. Oth*r financiolli•bilities Den"vatives. including intwesl rate swaps and fO￿ard fOre￿n excharvJe wttracts. a￿ not basic ffinanaal instruments. Derivafives are initially recognised at fair value on the dale a derivalive Contr￿ is entered into and are subsequently rtrmeasU￿d at their fair value. Changes in the fair value of derivatives are ￿CogniSed in or in finance costs or finance incryne as apwcyiale, unless hedge aC￿untIng 15 apO"ed aThJ the hedge is a cash flow hedge. Derecognltlon olllnaneial Ilathlltles Financial Iiaknlrtie5 are derecogntsed when the (*arrtable company's cy)ntracXual otligalions expire or a discharged or cancelled. 1.12 Emplo￿* bÈnèfits The cost of any unused holday enli1leTh￿I 15 recognised in the penc#J in which the emptyee's servKes are rwwed. TernNnation ber￿ffits are rè¢o9nised immediatety as ￿ expense when the Charitatr￿e company is ￿eTh￿Sl1abty commitied to teminate the employment of an enwWee or to provide temNnatwJn benefits. 1.13 Relir¢n*ni benefits Payments to defined contritmrtion retirement t*neft s(**mes a￿ ¢h8r9ed as an expense as they fall due. 1.14 Group accounts The financial statements p￿sent infomiatb)n ab(Krt the ¢h*iiable Company as an indNidual undertaking and not aboul its group. The L*arItab￿ company and its subsidiary undertakings comprise a small-sized group. The charitable company has therefore taken advantage of the exernptions provided by sectKJn 399 of the Companies Acl 2¢X6 and rdevant charty law nol to p￿pare group accounts. 13- HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Donations and legaeies Unrestricted R•stricied funds funds Total Unrestrtted Resiricled furK1$ funds Total 2022 2022 2022 2￿21 Donations and gifts Granls 48.833 17.222 e6.055 10.692 17,450 28.443 39,135 17.450 50.333 17,222 67.555 28.142 28.443 56.585 Included within grants is £1.5￿) relating to LCVS (2021". £7.gxJ Cwiams Job RetenlK)n &*eme). Charltabl• a¢ll¥ltles Consullancy Consullancy 2022 2021 Staff costs Depreoat￿n and wnpairrnent Rent Insurance General pr¢ied expense5 Telep￿)ne and internet Compirter running costs Printing, postage and slationery Management ierharges Accountancy and payrcdl fees Other costs 240.524 198.528 893 8.567 4,780 5.655 1,839 1.047 1.389 1222.2681 9,603 6.040 8.965 4,461 6,602 1,777 1,253 1.240 (237,358) 9.622 5.505 41.189 16.073 Shwe of g0Vemar￿ costs (see note 4) 3.520 3.39) 44.709 19,463 -14- HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Support co¥ts Support Governance costs osts 2022 2021 Audit lee$ 3.520 Analysed be￿een Chaiitable a¢tiviknes 3,520 3,520 3,3 Gov•man¢e costs indudo$ payments lo auditors of £3.52012021". £3,￿) for audrt fe¢s. None of the trustees {or any persons conn￿ed with Ihem) recefvEd any remuneration or benefits Irom the c*aritable company during the year (2021.. £n￿. During the year, the trustees rewvgj a tot* of £nil (2021: £nill in ex￿n$*$ trom the charity. Employees The average monthty of emph)yees durng the year was.. 2022 2021 Numb•r Admintstration EmploYn￿t Costs 2022 2021 Wages and salaries Social security costs Other pensKsn o)sls 199.972 13.643 26,909 161,652 16.095 20,781 240,524 198,528 Ftyjr members of staff are enwoyed direcfy by Heatth Equalths Gro￿ Ltd. wth one member of staff dirertly employed by European Heamhy Stadia Nthork. Two members of staff are recharged to European Healihy Stadia Ne￿ork CIC and three are recharged lo HOM Partnersh￿$ CIC. 15- HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Employtss (Contints8dl The number of empbyees whose annual reffluneration was more than £￿,(m)0 is a5 follow5: 2022 Number 2021 Numbei £￿.000- £69.999 Inlan9ible fixed •suts C¢$t At 1 April 2021 and 31 March 2022 4,925 Amortisation and impairment Al 1 April 2021 Arnorbsalion charged for the year 3,423 Al 31 March 2022 4,021 Carrying amount At 31 March 2022 At 31 March 2021 1,502 Fixed asset Inv￿lMents Othèr investments Cost or valuation At 1 April 2021 & 31 March 2022 C•nying amount At 31 March 2022 At 31 March 2021 2022 2021 Other in¥estments ￿Mprise. Inveslmeftts in subgdiaries 15 .16- HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Debtors 2022 2021 Amounts falling due within on• yèar. Trade debtors Amounts owed by su￿diary uThJertakirys Other debtors Prepayments and ac£rued i￿ome 69,614 X6,887 624 B.822 342,419 624 385.947 343,043 10 Creditors: amounts falling within one year 2022 2021 Othèr tsx81ion and sticial se(xJrity Trade crediiors Other ueditors Accruals and deferred income 530 4.798 1.726 1.778 4,480 63,813 69.131 11 RvJtricted funds The in¢ome funds of the d)arity indude restritted funds cornprisiNJ Ihe folhyry unexpended b8lan¢es of donations and grants hdd on Irust f(¥ SP8ofic PLWPOSe$: Mov•menl Movement in funds in lunds Bala¥Ke at Incori Balance at In¢•mirwJ l Apvil 2020 Trsoulees 1 2021 rnsoui¢ Ba￿nce at 31 March 204 European Heathy Stadia Netwoth CIC 164.329 28.443 192.772 17.222 209.994 12 Analysls of net ass•ts beiw••n funds Total Unrestsicted Reslwicted 2022 2021 2021 Total 2021 2022 2022 Fund balances al 31 March 2022 are iepresenled by.. IntarrtJible fixed assets Invèstments Current assetsllliaknb'liesl 1,502 393,2 393,2XI 353,401 353,401 394,156 394,156 354.905 354.905 17- HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 13 DesIg￿ted fund$ The income fvnds of the charty i￿1[1de the fr)Ik)wing deswjnated funds whth ha￿ Wn set aside oul of unrestricted funds by the trustees for specific wrposes.. Movernenl in fvnd¥ Movem•nt in funds ITrcDrnlny 1 Awll 2020 m8ourw l Aprfl 2021 ￿￿￿re#S Bèlanee 31 Mar¢h RèStrL￿tUring fund 75.1n) 75.( 75,IJOD 75.(KKI 75.OtL) 75,000 Restructuring fund- the fLmd has been ueated to mibgate against future restructwing requ*ements ￿ light of COVID and olher poteniial swificant changes to its operatirrfJ enwronment. 14 Related paty transactions The tharity has taken a(Ivantsgè of ÈxemptKJn. under thè terns of Financial RÈp(M1ing Stsrmjard 102 The Financial Reporting Standard applicable in thè UK and Republ￿ of IrÈknd', not to disclosè related paty tr￿Sact￿)nS with wholly own8d yJbsN1i￿eS withi.n Ihe group. 15 SubsidiariÈs DelaAs ol the chantabte em1pa￿S subsbth"aries at 31 March 2022 are as fdbws.. Name of undertaking Registrved offict Natur• of buslness % Held shar¢$ held Direct Indirect European Heallhy Stadia Ne￿ork CIC 151 Dale Slreet. Delwing publ￿ health Liverpry)l. interventions for spc*ts dubs Merseysidt. L2 and stsdia 2JH LGv5 Building. Deli¥erirwJ public health 151 Dale Street. interventh.ons Li¥erFooI, L2 2JH Ordinary IfM).C(I Hom Partnerships CIC Ordinary 1(MJ.CQ During the year turnover of HOM Parinerships CIC was £276.946 12021.. £145.1701 and expendilure incurred was £228.113 (2021". £144.5111 and other operatry ￿¢Thne of £-12021.. £10,333) resulbn9 in a prof of £48,83312021'. profft of £10,692)_ DurirrfJ the year the lumover of European Heamhy Stsdka Netth CIC was £85,249 {2021.. £181,989} and expendlture incurred was £68.028 {2021". £153,546) ￿S(￿lIng in a profft of £17.222 (2021: £28.4431. 18-