Charity rngistration number 1110067 Company veglstratlon number 053829711England and Wales) HEALTH EQUALITIES GROUP LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 1111111111 ACISCCiP C6112r223 COIAPM41ES HCKJSE A15 *125
HEALTH EQUALITIES GROUP LTD LEGALAND ADMINISTRATIVE INFORMATION Trustoe$ Mr M "nSwlh Mr J Nolan Mr S Mayer S•cretsry Mr M J I Plilpcrtt Charity number 1110067 Company number 05382971 Reglstsred offke 151 Dale Street Liverpc¥ L2 2JH Audltor DSG Castle Chambers 43 Casde Street L2 9TL
. HEALTH EQUALITIES GROUP LTD CONTENTS Pag• Trustees. report Statement of truslees. responsibiltrs Independenl audi1¢$ rewxt Statement of financial acte5 Balance sheet Notes to the financia Slatements 10-19
HEALTH EQUALITIES GROUP LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The trustees esent their amuaj rep and fmartial Statem year ended 31 Marth 2023. The financial statements have been prepared in accordarte with the atLountirrfJ poliaes set out in note 1 to the financial statement5 and comply ¥th ch8titable o)mpanls Memorandum aTra Articles of Association. the C¢)mpanies Act 20C6 and -A¢counling arKI Rep)rtin9 by Charlies.. Ststement of RecL1Mended Pracb"ce applicable lo tharities preparing their wiunts in accordance wih the Finanryal Rewtiry StsTrJard applvble in the UK and Republic of Ireland IFRS 102) leffeclNe 1 Jarry 2019)-. Objtttfves and actlvtties The objeciives are to rtake research. tharvje a¢#ivibes and education prowammes in relation to the prevenb.on of non-communicable diseases and reductK¥n of health inequalities in. IArt not limited to. the United lQngdom. The charity has a number of powers includirtg" To promote a healthier environment where prem0re death and disability from CVD and NCDS may be reduced arKI health inequalitie5 in drfferent social arKI ¢thr regions may be addressed," To pr¢ynote or eary out researeh", To provide aéviee and 8dvctacy seryices and. subject to dwnty law. lo undertake campaigning and politi1 activities in furtherance of the Ot¥'ecls. These rthvefs a oFen lo suub.ny by all ow partnets. Publ1¢ Benefft The trustees have paid due regard lo guidance by the Ch¥ity CommissJn in deciding what activities the charrtable company shtsjld urKlertake. Slgnifi¢anl actl¥ltl•s and a¢hlev•ments agalnst obJe¢tl¥es Health Equajthes Group Ltd (HEGI remains Primarily an ad¥ocw oryanisatson wiu) most project delivery and servtce provision through its partner social enterpnses.. HOM Partnerships Community Inte91 Company and the European Heallhy Sladia NeOrk Communty Interest Company. Profits from both these organisations. as appropriate, are gft-aNJed to HEG to support our chariwe ljenefft as described abe. The perfomiance reports below represent this. HOM Partn•rshlps HOM Partnerships IHOMPI is a Communty Inlerest Company vned by HEG, and acts as the delivery 8m of the charity. HOMP delivers putrAic healih interventws at local and regn81 level wrth a lo$ on fcv)d, physical activty and tobacco conlrd. HOMP ddivers the FoodA(live rffowme for the North IAÈSI of England and beyond. This year has been a po%tNe year for Ihe Food Active wogramme srgnificant resional and national suceesses. induding.. Commissi1n9 by 18 lttal authNity public heath teams in North West EngkNI lo ddNer the FocJ Active programme of wo Continuation of a contract from Cheshire a MerseysNJe CaneerAlliance on obesty 8nd caneer wtcomes Furthef rc41 out of GULP prqect5 in the North Vlksl legion DelNery ol a new county-7Mde pioject on IlIlef fwd ewrorffients for LarShiTe County Council HoslirtsJ of an annual confeience Delivery of training to Holiday Acbvty Fund provid3 across North $t England Euiopean Healthy Stadia Netwo European Healthy Stadia Nefvrk (Healttiy Stadia) is a Commmty Interest Company owned by HEG and delivers wbli¢ health interyentions for swls clubs and their stadia. and devew PJt4ic heh guidance b affect ptslicy harwe. Achsevements and conlracts for 2022-23 indude.. NIHR fijnded project on Football Fans and Beth'ry Delivery of GULP sugar dnnks education NCSTaTnme to over 60 sch( in North We51 England Ihr foot1 dub eommunty organisations New Pfqect commissioned ty Greater marer COM.ne AUthlty on spjrt & gamuing harm reduclion New project on development and ddivery of bystsnder inlervention for SFKYts coathes in Merseyside Tobamfree stadia prcgramThe for orglOr0 in France lhrch partnership V4thAlliance Contre Tabac.
. HEALTH EQUALITIES GROUP LTD TRUSTEES, REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Flnancial revlew The trustees have reviewed HEG'S ffinan, Ind its reserves. throughout the finaroal year of 2022123. Deswle the infialionary pressures the UK eeonomy, the charity has contsnued to grow, generating income streams for the charity once again over the 2022f23 financ1 year from tKAh European Healthy Stsdia metrrk and HOM Partnerships. Tfading conditi.ons have been more favourae over the kst 12 months in comparison wth 2022123, with the organisalion winning a number of rw knylerm projects, and continuing work on hr value ' projects during the finanual year. Management tharges relate to costs acxoss HEG. HOM PartneTship5 and Euran Heallhy Stadia Netwoth. anagemerrt aTrJ adminislrative support cos1$ are shared aryoss the organisab'on. As in the pVIouS year. the majtrty of inci)me has c£me via HEG'S Sla1 enterprises. ReseNos pollcy It is the policy of the charitable cornpany that fuThJs which have not been designated or restricted for a specific use should be maintsined al a level equtvalent to 81 least three months, expen¢Jrtuie. Surpluses generated by Healthy Stadia shwld be maintained in a restncted fund to support rts fulure grmh and to miligale again#.any potential financial risks. This restrKtet1 ftjnd 11 equivatenl to al least months, expenditure. The Chanty .wll alp4) maintain a separate Designaled Reserve equivalent to at leasl three months expenditure lo mitigate against any future restructuriro requwements in kghl of any potentsal changes to ts q)watsng enviroMienL The Trustees COnder that reserves at this level will ensure thal, in the èvenl of a sgnfficanl drop in funding, they will be able to continue the chaiitsble CA)mpany's current a(Aivities while consideration is given lo ways in additional funds may be raised. The level of unrestricled reser¥es has been maintained throughsJrt the year. Rlsk assesment HEG evaluates short and loterni risk Ihrough a formal risk register that is updated on a quarterly basis 8TrJ sciulinised by HEG FInae Group %Mlh any Ma1 Tisks rewted back lo the HEG Board. The trustees have assessed the major risks to which the charitae company is exposed, and are satisfied that systems arein place to mitigate exp)sure lo the major iisks. Structure governance and management The charitable company is a c(xnpany limited by guaranlee, incorporated w 4 March 2005 and registered as a charity on 17 June 2005. The company was estatlished under a Memorandum of Assoctation, wthich established the objects and pth¥ers of the charitable company arKI is govemed under ttArlicles of Associ8b"on. The trustees. who are also tr dbrectors for the purpose of c¢xnpany law. and served during the year and up lo the dale of signalure of the fina181 statements were.. Ms J J Purvis (Resigned 1 Augusl 2023) Professor S Capewell Mr M Ainsworth Mr S Wlliams Mr J Nolan Mr S Mayer (Resigned 1 August 2023) Recrultment and appolntmenl of trtsstees The trustees meet quarterty are reSponsie Ihe managemwtt and strategc leadership of the charity. The Finanee Group was prev*)usly cryred by Stephen V¥llliams unkn"I stood d(Avn from the role in August 2023. The Group adwses on HEG'5 financial affai aThl reFX)its directly to the trustees. Matthew Philpott, HEG'S Chief Exeojtive is reswn5itk to the Board of Trustees for the management an¢J direction of HEG.
HEALTH EQUALITIES GROUP LTD TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Audltor In accordance with the companys artides. a resplulion proposing that DSG be reappointed as audiknr of the company wll be pul at a General Meeting. Dlsclosure of infom)•tion to auditor Each of the trustees has nf1mled that there is no informats'on of vkni¢h Itw are aware which is relevant lo Ihe a¥Jdil, byl of which the audrt is unaware. They have further confinned that they have taken •propriate steps to identify such reVant infomalpJn and to establish that the audrtor is avrdre of such infomali¢)n. The trustees. rerhyt was ap roved by the Board ofTrustees. Professor S C Trustee 15 November 2023
. HEALTH EQUALITIES GROUP LTD STATEMENT OF TRUSTEES. RESPONSIBILlnES FOR THE YEAR ENDED 31 AIARCH 2023 The Injslees. who are also the dire¢t¢ys of Health Equalities Group Ltd for the purpose of company law, are responsble for preparing the Trustees. Report arKI the finarKial smements in accordance th aFolicable law and United Kingdom Accourrting StarKJards (United Kirwffi) GeneraltyAccepted Accn11ng PraCte). Company Law requires the trustees to wepare financial statements for each finanaal year which gNe a true and fair view of the state of affairs of the charitable Company and of the inwning reswrces application of restyjrces. induding the income and experKlituie, of the charrtable company for that year. In preparing these fina)01 StateMt5. Ihe tvus¢ees we requirwj to: . select surtable aecountirKJ p)lieies KI ttrn apply them cry1$tY.. . observe the MelJ5 and principles in the Ch¥ities SORP.. - make judgements and ests"males Ihal are wsonatge and Ixudert - state whether applicalAe UK Acewnling Stsndwds have teen ftAltr•ved. subpd to any matwial departures disclosed and explained in the sLitemènts." and prepare the financial statemen1$ on the going ccwwi basis lesS it is inappropriate to presune that the tharitable company wll conts'nue in operatii>n. The trustees a responsible for keeping adequ* accounling records that disdose wilh Teasonable accuracy at any tsme the financial p¢)sth"on of the ¢hantable C(panY and enable them to ensure that the financial ststements comply with the Companies Act 20. They are also respon9ble for safeguarding the assets of the charitable company and hence for tsking reaSonae steps for preventson and deleclion of fraud and other irregularitses.
HEALTH EQUALITIES GROUP LTD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HEALTH EQUALMES GROUP LTD Opinion We have audited Ihe fmancial Sts1ernts of Health Equaltbes Group Ltsi Its 'chariWe cornpany.) for the year ended 31 March 2023 whith comprise ts slemenl of financial athvities, the balance sheet and the notes lo the financial stalemen15, including a summary of signfficanl accountr'ng policies. The financial reporting framework that has been applied in theif pparatI is applicable law and Unrted lQ"ngdoffl AcLounts"rKJ Standards, inclLKlirYJ Financial Reporting Standard 102 The Financol RewliNJ Stsndany 8ppIKaWe in the UK and Republ of Ireland {Uniled Kingd GewallyAepIed Accounb"ng Prath"cel. In our opinion. the financial $tatemenls'. give a true and fair view of the stsle of the drItat4e company'5 affaj'rs as at 31 March 2023 and of its irming reSOLtr and applicabon of resources. IrbslIng ts income and experKltlure. for the year Ihen ended.. have been propety prepare(J in accordarKe V•th United 'ngdoM Generafty Accepted Accounting Practi., have been prepared in acetdance Vilh the requrements of the CompaThesALt 2006. Basls for oplnion We conducted our audrt in accordance Intemalional Stsndards Auditing (UK) IISAS IUK)) and apleble law. Our responbIll.es urKler those standards are further described in the Audrtorfs SponsI.11(S for the audit ol the ftinanualsl8temenls Secti of our Fort. are independent of the charitable ¢panY in aCdan with the ethical requirements that are relevant to our audit of finala1 statements in the UK, indudin9 the FRC'S Ethical Stsndard, and we have fulfilled our other ethical res[91"111leS in accordance wth these requiiemenls. believe that the audit evidence we have obtained is sUffiCnI and appTOPriate to a bass for ow opinion. Concluslons relatlng to golng Concern In auditing the ffinanck41 statements. we have condu(1gJ thal the truslees. use of the going concem basis ol accounting in the preparation of the finanrial statements is appioFxiate. Based on the work we have perfomRd, have not idenlified any material uncertainties relating lo events oi conditions that, individually or collectively. may cast significant doubt on the charrtatle company's at4.lity to continue as a goirvj ccffjcem lor a period of al least Iwelve months from en the financial statements are authoriseé for issue. Our responsibilities ar the re¥nsItI"lls of the trustees 7hith resr*d to gory Ccrtem are descriked in the relevant Se1(%1$ of this ieporL Other Infomiallon The other infomation eomwse5 the information induded in the annual report other than the finartial slalements and our auditors rewrt thereon. The Iruslees are responsible for the othef inlom81ion containe(I thIn the annual report. Our on the fjnancial statements &)es not ver the other inforMan and. except to the extent otherwise exF4icrtly stated in ¢)ur reporL do not express any fomi of assurance conclusion theon. Our responsibility is to lead the other infrnatIOn and. in doing so, consider whether other infomation is materially inconsislenl wlh the financi81 stslements 01 Ouf krthyfedge obtained in the course of audit, or otherwse appea to be materially misstsled. If we Klentsfy suth material irwi%slencies or apparent material rnisstatements, we are required to determine %thether this gives rise lo a material misststemenl in the financial ststements themselves. If, based on the work we haye perlomied. we Wlde that Ihere is a material missiatement of Ihis other infoTm81ion, we are requir&Y lo report tsl fact We have nolhing to report in this regard.
HEALTH EQUALITIES GROUP LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF HEALTH EQUALITIES GROUP LTD Opinions on Oiher matters prcrIbed by the Cornpanles Act 2006 In our opinion. based on the work undertaken in the course of our audiL the information given in the trustees. report for the finanoal year for which the finrla1 statemgnts are prepared, which indudes the dired. revi pryed for the wrposes of company law. is consistent th the financial statements.. and Ihe direct$. report induded within fv lThstees' reFQrt Iw teen prepared in acCOrdare appjicable legol requirements. Mattefs on whlch we are required lo report by exceptlon In the Ih1 of knOedge and urKlerslanding of the charItae company end its environment oblaned in the course of the 8udrt. we have not i(lentified materrdl misstslements in Ihe directors. repotl indvded within the trustees, reFQrt. We have nothing to rewrt in respect of ts follovin9 mets in T8n io which the CompleS Act 2CQ6 requires us to report lo you rf. in our opinion.. adequate accounling fecords have Tr)t been W or retums adee for our audit have not been received from branches not visited by us," or the financial statements are not in agreement th the acccwting rec4Yds and retums., or. . certain di5dosuS of trustees. remuneration specafietl by law are not made." or we have not received all the infonmation and expfanations we require ftw our audit; or the trustees were not enlilled lo yepare the finanoal ststements in accordance wth the small companies regirne and lake advantsge of the small companies. exemptK>ns in Preparing the Ifuslees. report and,from the requirement lo prepare a strolegic repryt. Responsibilities of twUSt5 As explained more fvlly in the statement of trustees. ripOnsIbl1e$. the Irustees. are also the diredors of the tharitable comparry for the purpose of company law. are responSie for the preparation of the financial stalemenl$ and for bein9 satisfied that give a true and fair view. and inlemal cor)Irol as.the Iruslees delemine is necessary lo enable the preparalbon of financ4al statements that are free from material misstslement, whether due to fraud or error. In preparing the finanoal statements. the trustees are responsible for assessng the charitable company's ats.lity to continue as a w'ng concem, disckJsin9, as applJ"cable. matter5 related lo going coneem and using the gng concem basis ol accounting unless the trustees ethr intend to liquidate the charitable company or lo cease operalithis, w have realÉth"c atiemètive tsjt to do so. Audltorfs respon$ibllltles for th• audll of the financial statements Our objeth.ves are to obtain reasonable asSUrar about ether the financial ststemenls a5 a whole are free from material misstatement. whether due lo fraud oi error. and to issue an audrtorfs report that indudes our opinion. Reasc¥)able assurance is a high level of arance but is not a guarantee that an audil mnducted in aoranCe with ISAS (UK) wll aVayS detec# a material misstalemenl vthen rt eSts. Misslatements arise from fraud or error and are tsIdered material if, indivi(lualty or in the aggregate. they coutd feasonably be expected to infiueneÈ the ecc*)mic deaon8 of users taken on the ba&"s ofthese financial StateMts. Capability of the audit in detecting irregularities. Intludlng fraud Irregularities. induding fraJ, are inslanees of n¢)n-complIare with laws and regulallons. design procedures in line with OUT responsibilities. c¥Jtlined above. lo detect material misstatements in respecl of irregularities, including fraud. The exienl lo lch our prccedures are Cble of detecting irregularitses. induding fraud. is detailed tdow.
HEALTH EQUALITIES GROUP LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE PJIEMBERS OF HEALTH EQUALITIES GROUP LTD
Discussions with and enquiries of management and those charged govemance were held wrth a view lo
idenltying those laws and regulations that coukl be expected to have a material impact on financial $tstements.
During the èngagement team brfing. Ihe ¢)Jtcomès of these discussions and eTh]uiries were shared with the ieam.
as well 88 COnderation as kn where and fraud may oc£ur in the ents"ty.
fdlowing laws and regulations were identified as beiThJ of signfficance lo the enlty..
Those laws and regulations considered lo hove a direct effect ¢)n the finarKial statements inclLMk UK
financial reportirJ slarthJards, Company Law. Tax and Pensions legislalicfi. and Chanty Law.
Those laws and ulationS for wthich noTr¢omrA1ae may be fundamentsl to the operating aspeca$ of the
eharity and therefore may have a mateiial eflect ¢)n the financial statements include eompliance with
charitable obiecti"ves. public benefit. fundraIrj regulations. safewding aThY health and salety legislèbon.
Audit PTowlures undertaken in re¥nSe to Ihe polenlbal risks relating to irregulartbes {which indude traud ar non-
compliante with laws and regulations) comprised of.. inquiries of management and Ife Trustees as lo whether the
entity complies wth such laws and wulaiions." enquiries the same coruming any actual or potential litigation
or claims.. inspection of felevanl legal CreSp.. review of Tntstee meets'ng minutes. testing the
appropriateness of joumal entries.. and the performance of analyti¢4 review to idenlfy unexpected movements in
Count balar5 which may be indicative offraud.
No instances of material ncMplIance were identrfd. Ho*ver. the likelihood of detecting irregularities. including
fraud, is limite
HEALTH EQUALITIES GROUP LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestrlcted Restrlcted lunds funds 2023 2023 Totsl Vnrestrlcted Restrlcted funds funds 2022 2022 Total 2023 2022 Notes Income from: Donations and legacies Charitable activities 3.804 97,662 10.419 14,223 97.662 50,333 16,405 17.222 67,555 16.405 Tolal inc¢me 101.466 10,419 111,885 66.738 17.222 83,960 chariLle ath"vib"es 1CO,336 1.336 44.709 44.709 Net Income and movement In funds 1.130 10.419 11,549 22.029 17,222 39,251 Reconcilialion of fvnds: Fund balances at 1 April 2022 184.162 209.994 394.156 162.133 192.772 3S4.905 Fund balances at 31 March 2023 185.292 220.413 405.705 184.162 209.994 394,1 $8 The notes on pages 10 10 19 fomi of these fin11 stalemerts.
HEALTH EQUALITIES GROUP LTD BALANCE SHEET ASAT31 MARCH 2023 2023 2022 Flxed assets Intsngible assets Investments 10 11 503 904 505 906 Current •ssets Debtors Cash at bank and in hand 13 427.137 59.930 385,947 76.434 487.067 462.381 Cred5tOT8: amounts falllng due wlthln one ygar 14 81.867 69,131 Net current assets 405.200 393.250 Total assets currnnt Ilabilitles 405.705 394.156 The funds of the charitsble company Reslrided income fijnds Unreslricled funds 15 220.413 185.292 209.994 184,162 405.705 394.156 The finanaal statements were approved by the tfustees on 15 November 2023 Professor S Trnslee Cape Company regislr8tion number 05382971 IEnglarKI and
HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng policl•s Charlty Inforn)atlon He8Wh Equalities Group Ltd is a priv81e ¢c¥npany limited by guaranlee incorForaled in England and Wes. The regisleTed office is 151 Dale Street. LiverrxK4, L2 2JH. 1.1 A¢¢ountlng convenllon The financial statements have been fftred in acc(Ydance %•Tth the charrtable companVs Igoveming dtxumenll. the Compan$ Ad 2006. FRS 102 "The Financial Reporting Standard applicable in the UK aTrJ Republic of Ireland" I'FRS 102.1 and the Charities SORP-AccountiThJ and Reporting by Charth"es.' Slalement of Recommended PraclKe opplicable to eharitEs preparing their actnts in accordance with the Financial Reporting Standard appyab in the UK Rewblic of Ireland {FRS 1021. (effective 1 January 20191. The charitable ¢ompany is a Public Benefft Entity as defined ty FRS 102. The charrtable eompwby has taken thtage of Ihe wovisMs in the SORP for charilies not to prerere a Stslement of Cash Flows. The financial ststements are prepared in sterling. whith is furth(81 cuThency of the charitable company. nelary amwnls in these finarrial $tatements are rc4mded to the n&wesl £. The financial statements have been prepa urnler the hislorK cost convention. The principal acwjnting pjicies adopted are sel ¢1 telLvw. 1.2 Going ¢oncem At the time ol approving the fInala1 statements. the Injstees have a reasonable expectation that the tharitable company has ajequate resources to continue in operats'onal exIstere for the foreseeable future. Thus the twstees conb.nue lo adopt the 9Jng concern bag.s of accounting in preparing the financial stalemenls. 1.3 Charltable lund5 Unre5tsicted fvnds we avaable for Use at the discretion of the trustees in further# of their charilab objectives. Desynated funds comprise lunds tdhith have been set aside at ts discretion of the trustees frjr splfIC purroses. The purposes and uses of the designated fvnds are set out in the notes to the financial slalements. Restricted funds are subject to speofic conditions by or grant5 as to ttY may be used. The purposes and uses of the resiricted furbjs are set oul in the Tr)tes to the financk4 5taternents. 1.4 Income Income is recognised when the charitsble rnpanY is legalty entilled to it after any performance cthjilions have been met. the amounts (xn be measured relially. and rt is yobable that income wll be received. Cash ¢k)nations are recogni8ed on receipl. Otsr donatws are recognised the tharitable cc4npany has teen notified of the dorlon, unless perforniaT condilions require deferral of the amount. InCe lax recoverable in relation to donations rve{l undw Gfft Aid or deeds of covenant is recognised at the time of the dortiOn. Legaoes are recognised on receipl or thrwise rf the chanlable company has been nolified of an ffnpending distribution. the am¢)unt is knn. and receipt is eypecled. If the OUnt is not krrtml. the legacy is treated as a contingent asset. 1.5 Expenditure ExndrtUre is accounted for m an a1$ bag.s. 10-
HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounllng policies Icontlnuedl 1.6 Intsnglble Ilxgd assots other than go+)dTMIII Intangible assets acquired sèparately from a bwness are reCognd at eost and are subsequently measured * cost less ac¢umulate¢J amorb"salh)n and accumulated impaiment losses. Intongble assels acquired on trAJwness combinations we rec(3nised separaldy from goo111 al the acquisitson date where it is probat4e ihat the expecled future ec£JnomiG benefits that are attributable lo the asset will flsX¥ to the enlty and the fair value of the asset can be measured reliably," the intangle asset arises from contractual (x other legal rights" and the intangle asset is separatAe from the entity. Amortisation is reeogrrised so as to WTrte off the cost cf valuation of assets less trir residual values over their usefvl lives on the folk)vn9 bases". 3 years straht kne 1.7 Fixed asset Investmvnts Fixed asset investments are niilially measured at cost and svbseqvenJy measwed al cosl less any aecumulaled impaifmenl l¢)sse5. The investments are assessed for impairment at each reporting dale and any impaimienl kjsses cff reversals of impair1w rosses are reeowised immediately m net inc0mel{expendrtuI for the year. A subsidiary is an errtity eonlrolled by the charitable company. CMlrol is the FY4vei lo govem the financial and operaliro policies of the er"ty so as lo thin benefits from ils aLts"vits. 1.8 Impaimient of fixed assets At eath reporting end date. the dwritsble company reviews the can9 amoLrts of its tangible assets to determine whether ihere Is any Indicat that those assets have sufferèd an impaiment loss. If any such indication exists, the recoverable amount of the asset is eth"maled in order lo detemine the extent of the impwrment loss lrfanyl. 1.9 Cash and cash equivalefits Cash and cash equivalents indude cash in hand. deF#)Srt$ hekd at call 7Mth banks, olher Short-lemi liquid investments wtth original malurth.es of three morths cw less. aTrJ bank overdiafts. Bank overthafts are sh(hvn thin bOrrJ$ in current liats"lrties. 1.10 Flnan¢lal Instruments The charitable company has ected to apF4y the pro¥iswis of Section 11 'Basic Financial Instrwnent$' and Sect 12 '0ther Firal Instruments Issues. of FRS 102 to al of its fin¢101 instruments. Finanual instruments are recognised in the charitable companys balan #et V•then Ihe charrt8ble company becomes paty to the contractual wovisKns ofthe instnbment. Financial assets and liabilrties are olyset. wrth the net amounts presented in the financial slalemenls, when there is 8 legally enforceable right to sel off the recognised aMnIS and there is an intention lo settle on a nel basis or lo alIse the asset and setue the Ik"lity gmultaneously. Ba$1¢ financial ass•ts Basie finanaal assets, vthich indude debtors arKI cash and bank balan, are initially measured at transaCtn price including Iransaetion ¢S and are subsequently carrd al amortised cost using the effects've interest method unless the arrangement constbtutes a financing ITan5aclion, wheTe the ITansadion is measured at the present value of the future receipts discounted at a mafket rate of interest. Finan¢ral assets dassified as receivabje thIn one year are not amortised. 11
HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles {Contlnued) Otherfmanci•lassets Other financial assets. including investments in equity instruments are not subsidiaries. a$Sl81eS or pjnl ventures, are initi.alty measured 81 fair value. thch is normalty the transaction price. Such assets are subsequenuy carried at value and the thanges in fr value are recognised in net rncomel{expendrtuie). except that inveslmenls in equty inslrumenls that are pUblY traded and whose fair vdye5 cannol te measured rellaY are measured at Cost less impairmerrt. Impaimjent olfinancialassets Financial assets. ¢Xher than Ihose held al value through IrKIle and expendituie, are assessed for indicaloTS of impairment at eath reporting date. Financial assets afe impaired where there is objective evidence that. as a result ol more events that Otrred after the irNtial rec4JgnrtiM of the financHI asset, the eslxn8ted futwe cash Ih)ws have beai affe(#ed. If an 885el is impaired. the impairment kjss is the differere belween the carrying amount and the present value of the eslimaled cash llows d[SCnted at Ihe asset's orignal effeciive ¥tre5t rate. The impaiment loss is re¢ognised in nel incomellexpendrturel the year. If there is a deuease in the impayment h)ss from an event octsjrring after the imp8iiinent was recognise11. the impaiTment is wersed. The rever is such Ihat current carng amount tyoes 1 exceed what the ryIng amount woukl have been. had the impaim)ent not previously been recognised. The impairment reversal is recognised in net incomellexpendrturel for the year. Dere¢ognldon olfinanci•lassets Financial assets are derecognised onty vthen Ihe contractual rights to the $h from the asset expire or are settled, or when the charrtae company transfets the financial asset and substsntially all the.risks and rewards ol ownership lo another entty, or if some sgnffirant risks arKI rewards of ownership are retained but control of the assel has transferred to aTrJther paty that is able lo sell asset in its entirety to an unrelated third party. Baslc liftala1 liablllties Basic financial liabilities, including creditor5 and bank are inilialty reniSed at tranwtion price unless the arraryement eonitLrtes a finanung Ir8nsacts"cn, where the debt InrUMent is measured at the present V81ue of the fLrture payments disccxjnted 01 a market rate of interest. Financial liabrfibes dasfd as payable within one year are not 8mortised. Debt inslruffl)ts a subsequenlty carried at amortised cost. using the eftective interest rate M3d. Trade creditors are obligab.ons to pay ts gc#>Js or seNces tr have been acquired in the Ordin course ot operations from suppliers. Amounts payab are ctassffied as current liabilfties rf payment is Oue within one year Cf less. If not. they are presented as non-current liabilities. Trade uedrtcffs are rQgnIsed initially al tran5aciion piice and subsequentty measured at amortised cost using the effective interest methgd. Other financial liabilities Derivatives. indudirrfj interest rale swaps and foThvard forevjn exchange contracts. are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequenuy re-measured at their fair value. Changes in the fair value of derivalNes are ¢)gnISed in or in finance costs or finance i10me as appropriate. unless hedge acrnunliNJ is applied and the hedge is a cash flow hedge. Deretognition of financial liobilitios Finanaal liabilities afe derecognised then the Chantab eomw's &trtual oblualions expire or are discharged or cancelted. 12-
HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies (Continuedl 1.11 Employee benellts The cost of any unused holhJay ertiuemert is recognised in tr period in which the ernOYee'S services we receNed. Temiin8lron benefits are reeognised immediatety as an expertse then the chantable company is demonstrably committed to leminate the ernploymenl of an employee oi lo wovide lemiination benefits. 1.12 Retirement benerts Payments lo defined Contrib(ffi retremenl benefft schemes are charged as an expense as thèy fall due. 1.13 GTOUP accounts The finanaal slalements sent inforniation thut the charitabbe company as an inthvKlual undertaking and not aboul its group. The caritsble company and its subsidiary undertakings comprise a small-sized group. The charitable company has therefore taken afvanlage of the exempthjns wovided by seth.on 399 of the Ccmpanies Act 20Cfi and relevant charity law not to prepare group acctyjnts. Income from d¢)nations and legacies Totsl Unrestrlcted Restrl¢led funds funds 2022 2022 Total fvnds 2023 funds 2023 2023 2022 Don*'ons and gffts Grants 10.419 14.223 48,833 1.500 17.222 68,055 10,419 14,223 50,333 17.222 67,555 Incorn• from ¢harftable actlvllies Unrestrlcted funds 2023 Unrestricted funds 2022 Income from charitable ac11vilS- eore pnraMMe 97.662 16,405 13-
HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Expendlture on Charitable actlvities Consultancy Consuftan¢y 2023 2022 Direct Costs Staff costs Depreeialion 8fKI impaiTment Rent Insuran General proied expenses Telene and internet 273,165 401 7.479 5.337 31,855 1.3S8 240.524 598 6.965 4.461 6,602 1,777 k 41 Computer rvnnirvJ costs Printing, postage and st*'try Management recharges Attoufitar arKI payrdl fees Olher costs 6,070 1,563 1244,7271 1,253 1.240 1237,3581 9,622 5,505 4,535 97.026 41,189 Sharn of support and governance Costs (see n¢)t• 51 Govemance 3.310 3,520 100,336 44,709 Analysis by fund Unrestricted funos 1W.336 44.709 Support costs •Iatrd to acttvltles Total 2023 Total 2022 Govemance 3.310 3.520 2023 2022 Governance costs comprise: Audil lees 3,310 3,520 3.310 3.520 14-
HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Auditor's remuneratlon Fees paYae lo the charivs audknr and assoctes." 2023 2022 For audlt servlces Audit of the financial stslemerts of the cl 3,310 3,520 Truste•s None of the tvustees lor any peT5Cf6 conrQe(l ¥Ath lknl) recwved any relratIon or benefits from the charitsble company dwing the year {2022.' £nil). trIng Ihe year. the trustees receNed a total of £r¥"I12022". £nl) in expenses from the charity. Employees The average monthly number of employees during the yew was: 2023 Number 2022 Number Administralion Employment costs 2023 2022 Wages and salaries Social security costs Other pension costs 224,460 18.722 29,983 199,972 13,643 26.909 273.165 240,524 Four members of staff *e employed threaly by Health Equalities Group Ltd. wilh one member of staff directty employed by European Healthy stad NelvKJrk. TVKJ members of stsff are rethav98d to Ewopean Healthy Stadia Netsork CIC and three are recharged to HOM Partr)wships CIC. The number of empl¢)yees whose annual rerneratn was more than £60.0(KJ is as follows.. 2023 Numb•r 2022 NuMr £60.000- £69,999 The charity has taken a(fvantage ol exempti¢. under the terms of Financial Repo"n9 Standard 102 The Financial RepoTts"ng Standard applicatAe in the UK and Repubknc of Ireland,. not lo disdose related party tranSaCtn$ wth %tholly owned substdiaries within the group. 15-
IJEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 T•xation The eharty is exempt from taxation on its actNi1$ bese all ils income is applied for charilable purposes. 10 Intangible fixed assets soft19 Cost At 1 Apn'l 2022 arKI 31 March 2023 4.925 Amorti$atlon and Impaimlent At 1 April 2022 Amortisalion charged for the year 4,021 401 At 31 March 2023 4.422 Cafrylng amount At 31 March 2023 503 At 31 March 2022 904 11 Fixed asset investments Oth•r Investsnents Cost or valuatlon At 1 April 2022 8 31 Mar(th 2023 Carrying amount At 31 March 2023 At 31 Marth 2022 2023 2022 Oiher invesknents comprise". Investments in subsidiaries 12 16-
HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 12 Subsidlari•s Details of the chaiitable ¢Pan$ $ubsidiares al 31 Marth 223 are as follows: Name of undertaking R•glst•r offKe mar• of business Cla5$ of % Held shares held Dlrecl Indlrect Eurorean Healthy Stath'a 151 Dale Street. t)ehveritYJ pu1¢ health Nètsvork CIC LNerpool, inteNentions for sikns dubs MefseysKle, L2 and 2JH Lcvs Building, OelNering Put health 151 Dale Street, interventions Live. L2 2JH Ordinary 100.00 Hom Partnerships CIC Ordinary 100.00 During the year the tumover of HOM Partnerships CIC was £228.845 {2022.' £276.946} and expendrture irturred vra5 £225.041I2022'. £228.113) resullirvj in a profil of £3.80412022: Fffofft of t48,333). During the year the lumover of European Healthy Stadia Nefv•Drk CIC was £121.744 12022." £85.2491 and expen(Jilure infred was £111.32512022.. £68.025) results'ng in a profft of £10.419 {2022: £17,222). 13 Debtors 2023 2022 Amovnts falling due wllhin on• year. Trade deblofs Amounts owed by subsK11 undertakings Other debtors Prepayments and income 84.587 339,939 1.652 959 69,614 306,887 624 8.822 427.137 385,947 14 Crediloys: amounts falllng due wlthln one year 2023 2022 Other taxation al security Trade creditors Other creditors Acuuals and deferred inccthe 530 308 4.480 63.813 8,098 3.769 70.000 81.867 69.131 17-
EALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 15 Restrlded fvnds The reslricte(I funds of the thartty comprrse the unexperthd balanes of dtinations and grants held on trust subjed to sp¢¢rfic c1"0n$ by dCOts as to how try may be used. At 1 April 2022 Incomlng At 31 March 2023 European Hethy Sladio Nelwork CIC 209.994 10,419 220.413 Previous year: At 1 April 2021 Incoming At 31 March resources 2022 Europe Healthy Sl•lia Nett$KI CIC 192,772 17,222 209,994 16 Unrestriet•d funds The unrestricted fiJnds of the thèrity Comprise the unexpeThJed balances of donations and grants vthich a not subject lo specjfic conditions by don¢XS aTra grantors as to how they may be Ljsed. These include designated funds wlM¢h have been set agde tyjt of urnestncted funds ty the tfustees lor spec¢fic purFoses. At 1 Aprll Incoming ResOue$ At 31 March 2022 resources expended 2023 Restructuring fLd General funds 75.lJOO 109,162 75.ODJ 110.292 101.466 (100.336) 184.162 101,466 1100,3361 185,292 Previ¢u$ year: At l April 2021 Incoming resources Resources At 31 March expended 2022 Restructurirg fund General fvnds 75.000 87.133 75.¢J)J 109,162 66,738 144.709) 162,133 66,738 144.709) 1B4,162 Restructuring fund - the fund has been created lo Mgate against future restnJ¢bJ"bng requThnent$ in liyll of COVID and other potential snifit changes lo ils operating enwronmenl. 18-
HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 17 Analysls of net assets between funds Vnrestrictod Restrlcted funds fvnds 2023 2023 Totsl 2023 Fund balances at 31 March 2023 are represented by: Intangib fixed assets Investrnenls Current assetsllliabililies) 503 184.787 220.413 405.200 185,292 220,413 405,705 Unrnstrlcted Restrfcted funds funds 2022 2022 Total 2022 Fund balances at 31 March 2022 are represent by: Intangible fixed assets Investments Current asselsllliabilities) 183.256 209,994 393,2SO 184.162 209,994 394,156 19-