Draft Flnan¢lal Stat¢m¥nt$ at 05 0o¢èmb8r 2024 at 14'.12=42 Charity registration number 1110067 Company regSslratlon numljer 05382971 (England and Wale51 HEALTH EQUALITIES GROUP LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Draft Flnanclal Stat•mènts at 05 Dacombèr 2024 at 14:12'.42 HEALTH EQUALITIES GROUP LTD LEGAL AND ADMINISTRATIVE INFORMATION Trusto0s Professor S Capewell Mr M Ainsworth Mr J Nolan Mr S 1Ye[ Dr 8 J Collins Ms C E Woffenden IAppoinl8d 30 January 20241 (Appointed 1 October 20241 Socratary Mr M J I Philpott Charity number 1110067 Company numbor 05382971 R¢glstèr•d offl 151 Dale Slreet Liverpool L2 2JH Audltor DSG Audit Castle Chambers 43 Castlé Strèet Liverpool L2 9TL
Draft Flnanclal Stat•mènts at 05 Dacombèr 2024 at 14:12'.42 HEALTH EQUALITIES GROUP LTD CONTENTS Page Trustees. Ipport Statemènt or Irusl8gs' responslbllllles Indèpandent 8udllor's report Statement ol financial activities Ba18nce sheol Notes to the financial statements 1Q-20
Draft Flnanclal Stat•mènts at 05 Dacombèr 2024 at 14:12'.42 HEALTH EQUALITIES GROUP LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Th8 Irust88s pr8sent Ih8ir annual report and financial statements lor Iha y8ar end8d 31 March 2024. The fin8nei81 ststemeni$ have been prepared in 8c¢ord8n¢e with the 8¢¢0unb"ng poli¢ies set out in note I to the fin8nci81 slatetnenls and cotnply wilh the charitable company's Mernoiandurn and Arlicles ol Associats"on, Ihe Cotnpanie5 Act 2006 and Accounting and Reporting by Charities". St3ternent of Recornrnended Practs"ce applicable lo charits.es preparing their accounts in accordance with the Flnanclal ReportSng Slandard appllcable in the UK and Republlc of Ireland IFRS 1021 lefleclive 1 January 20191.. Objectives and activitie The oblecllves ar8 lo undertake res8ar¢h, pollcy chang8 a¢lSvllles and education programm8s In rela11Dn lo th& prevgnllon of non-communicable disea58s and reduction of health inequalities in, bul not limilgd to, the United .gdOm. The charity has nurnber ol wwers including.. To promolg o h$althl$r 9nvlronm¢nl wh9rg prtrmalurtr (J$ath ond di$abSlily from CVD and NCDS rngy bg r9du¢¢d and health inequalili&s in different Cial and other regions may be addressed,. To promote or carry out SearCh., To provide 8dvi¢tr and advocacy sarvices and, subjtscl lo charity law, to underiaka c8mp8igning and polili¢818¢1ivilies in furtherance ol the Objecis. Th898 ptswers 8rts op8n lo scrutiny by 811 our partners. Publlc 8•n•fl¢ The trustees have paid due regard 10 9uidance Issued by th8 Charity Commisson in d•riding what actiwlies the charitable company shoul(J undeftake. Slgnlflcant actlvlt1•5 and achl8vam•nts agalngt oblectlvg5 Health Equalitlès Group Ltd IHEGI r8mains primarlly an advocacy organlsatlon with most prolecl d8liv8ry and sèrvice provision through its partner social enierprises.. HOM Partnerships Community Intèrest Company and the European He8lihy Stadia NeorK Community Interest Company. Profits from both these organisalions, as appropriate, ar8 girt-aided to HEG to support our charitable benefit as described above. The performance reports below represent this. HOM Partngr$hlps HOM Partnerships IHOMPI is a Communrty Int8r8sl Company own8d by HEG, and acts as th8 delivery arm of Iho charity lor publlc hèalth prol@cls. HOMP dÈllvers public hèalth InlÉrvÈntlons at bolh local and règlonal lèvèl wilh 8 locus on risk factors that conlrlbut8 to non-communScable dls8as&s, and work addr•sslng wld8r det8rmlnanls of health and h8allh In8qualit18S. HOMP d•livers the Food Adv8 programmè lor th8 North W8st of England and bayond. This y6ar has been a Pos.¥8 year for th8 Food Aetive programme with signilieanl règiontl and national successes, induding.. • Commissioning by 20 local aulhorrty publlc haallh 18ams in North Wtrsl England to d#llv#r th8 Food Activ# programm• olwork Continuation ol a project lund8d by Cheshir8 & M8rs8ysid• Cancer lianCe taking a whol• systems approach to overneight and obeslty Continued delivery of the NHS Prevention Pledge programme lor NHS cheshi & Merseyslde, working with 81117 provider trusts across the sub-region D&liv&ry of a eounty-wid& wojèct on h8althitrr food &nvironm8nts for L2ncashir& County Council Hosting of the Food Active annual conference Delivery of training to Holiday Activily Fund providars across Norlh West England
Draft Flnanclal Stat•mènts at 05 Dacombèr 2024 at 14:12'.42 HEALTH EQUALITIES GROUP LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 European Hoalthy Stadla Network European Healthy Stadia N8twork IH&althy Sladial is a Community Interest Company owned by HEG and delivers public heallh intero8ntions for sports clubs and their stadia. 2nd d8V81ops public h82lth guidanc8 to affect policy chang8. Achievernents and ¢ontraols 101 2023-24 inejude.. • Completion ol the NIHR funded project on Football Fans ane Betting Delivery ol GULP sugar drnks edLJcation programme to over 120 schools in both North West and South east England through football club coMnitY organisations Continued delivery of a bystander intervention Iraining prograrnme for sports coaches iri Merseyside fund8d by lh8 Merseyside vionCe RedLJCtion Partnership. Flnanelal rovlow The trustees have reviewed HEG'S finances. including its reseNes, throughout the financiBI year of 2023124. Despite Ihe inllalionary prgs$ur¢s on the UK 00MY. th& charity ha$ continu lo grow, 9&ngraling in¢om¢ slrgam$ for Ihfr charity once gaiii over tlie 2023124 finanGial year froni bclh Europeaii Heallhy Stadia Net,0[k and HOM Partiiersliips. Trading Gondition5 have been more lavourable over the 18s1 12 months in oomp8rison with 2023124, with the organisalion winning a number of new long-lerm projects, 8nd continuing work on higher value projecis duiing the financial year. For the yeor pndpd 31 Mgr¢h 2024, the ¢hority hos lolol inwme arnounling to £116,292 12023,. £111.8851 and tolol 9XPgndilur9 amounting to £109,49612023.. £100.3381. Thio has rgsult9d in a surpluè for Ihg y9¥r of £6,79812023.' a èurplus ol £11,549). At the year end, the charity has unrestricted reserves 01 £288,052 12023.. £185.2921 and restricted reserves of £124,44912023.' £220.4131. The 10101 reserves 0$ 0131 Mor¢h 2024 ore £412,50112023.' L405,7051. Management charges relate lo costs across HEG, HOM Partnerships and European Healthy Stadia Nefftrk. Managernenl and adrninislralive support costs are sharwj across the organisakn'on. As In Ihe prgvlous ygar, th9 malorlly of Incorng has comg vSa HEG'S $ocl81 gnl£rprfsfr$. R88grvos pollcy It is thè policy of thè charitablè company that funds which hava not bèèn designatèd or r£slrictad for a spècific usè should be maintained al a level equivalenl to 81 least Sly rnonlhs. expenditure. SurpliJse5 general8d by Healthy Stadia Should be maintained in a restricted fund lo support ils fulure growih and lo rnitigale against any potential financial risks. This reslrided fund w511 b8 •quivalent to al18ast six rnonths, •xpendiluie. Giv•n th8 rèduction in actlvitlés al H•allhy stadia and th• need lo increase resilience across the Group by building unreslricled reserves at a level equivalent 10 Six months expenditure. Ihe Charity has released £100k ol the Healtry Stadia reslricled reserve5 and moved thi5 to unrestricted reserves. The Charity will also maintain a separate D8signaied R8s8rvg gquival8nt lo al18ast Ihi88 months exp8ndituie to tnits'gal8 against any fLrture restructuring requirernen15 in light of any poten'al chanses to its operatin9 eni'ironment. The Trustee5 consider that reserves I this level will ensure Ihet, in the event of 8 significant drop in funding, they will be able to continue the charitable company's current acll,Iltlgs whlle consideration 1$ glven 10 way$ In whl¢h aodlllonal lund$ tnay bg ialygd. Th? lgvel of unrg$irl¢ied rgsgrves has been maintained throijghout thf. year, Free r8serv&s ar8 placed on low-nsk Bank deposils in ord8r to generat8 an interest rtrturn for th8 Charity, thllst 8nsuring sufficient working capital is also maintained to Iinance day to day operations. Risk a$$e$mont HEG evaluates short and long-lerm risk through a fortnal risk register that is updated on a quarterly basis and scrulinised by HEG Finance Group 1th any major risks reported back to Ihe HEG Board. The Irustees have assessed the major risks to whiGh Ihg Gharilablg rpanY is exposgd, and are $ati$figd that systgm$ arg in pla¢9 to tTNligate exw$ur9 to the tnajor risks, Slruclure, govemance and management The charitable company is a company limited by guarantee, incorporated on 4 March 2005 and registered as a charity on 17 Jun* 2005. Tha company was èsiablishèd under a Mamorandum ol Associaticn, which aslablishèd tha objacts and pow8rs of the charitable cornpan and is gov8rn8d under the Articles of A5souation.
Draft Flnanclal Stat•mènts at 05 Dacombèr 2024 at 14:12'.42 HEALTH EQUALITIES GROUP LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Th8 trust88s, who are a150 the dir8clors lor the purpose of compary law. and who 58rved during the year and up to th8 dale of signature ol the financial 5t8ternen15 were.. IsJJPuM$ Professor S Capew&ll Nlr M Ainsworlh Mr S Williams Ir J Nolan Ir S Mayer Dr B J Collins Ms C E Wollenden IResigne¢ 1 August 20231 {Resigned 1 August 20231 (Appointed 30 January 20241 (Appointed 1 October 20241 Recrultment and appolntmenl of trustees The Irusloes meet quarterly and are r¢sponsibl¢ for the management and strategic l¢adership of the Charity. Th8 Finance Group was pr8viously chaired by Slophen VVilliatn5 until he stOj down frorn the role in August 2023. The Group 8dvises on HEG'S financial affairs and reports directly lo the truslees. Matthew Philpott, HEG s Chief ExeGuINe is responsible lo the Board of Trustee5 for the rronagernenl and direGtv)n of HEG Audltor DSG r8sign8d as auditor on 11 S8Pt8mb8r 2024. OSG Audll w8r8 appoinlod on 11 Sepl•mb8r 2024 as audrtor Ici the rnmpAny And In AP.e.nrrtane. wlth 1fte.linn 4Fsfj Ol lh• C.nmDHniAs Apt ?nnR, A r•nliitlnn Drnpn%inG thAt thAy r-Ar>rK>lnl8d w511 b8 put al a G8n8ral Me8llng. Dl8clo•ur• ol Inforniallon to audltor E8¢h ol the Irusl&e8 has confirm that Ihgre is no inloimalion of which they are aware which is rolevanl lo the audit. bul ol vihich the auditor is unaware. They have lurther confirmed that they have taken appropnale steps to identify such relevant informalion and to establish that ihe auditor 1$ aware c>f suoh inlormolion. Thè Irusle8$' r•port was approved by th8 Board of Trusl88$. Professor S Capèwell Trustee 6 November 2024
Draft Flnanclal Stat•mènts at 05 Dacombèr 2024 at 14:12'.42 HEALTH EQUALITIES GROUP LTD STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 Th8 Irust88s, who are also th8 directors ol Health Equalili85 Group Lld for th8 purpose ol company law, ar8 r8spon5ible for preparing the Trustees, Report and the financial slaternt5 in accordanTr with applirable18W and Unrted Kingdom Accounting Standards junited Kingdom Génerally Atcepted Accounting Practi¢o1. Company Law requires the trustees lo prepare financial 51atements fr)r each financigl yÈar which give a true and fair view of thè slatè of affairs ol tha charitablè company and ol thè incoming rasourcès and application ol rèsources, including thè Incotne and expenditure, of the charitable cornpany for that year. In pipparing these financial statetn8nts, the trustees are 18quir8d lo select suitable accounkn'ng pc)licies and Ihen apply them consistently.. observ& th8 m8thods and princlplès In th• Charltlès SORP", maké iudgarnants and astimal8s that aro r&asonabl8 and prud•nl', . slate whether applicabl8 UK Accounting Slandards hav8 b88n follow8d. subject lo any rnal8rfal departur88 dlsclos8d and explain8d in the financial staiemants-, and preparo th8 Ilnanclal slat8m8nts on the going conc8rn basls unles8 St Is inapproprlal8 to pr88um8 Ihat the charitab1 company will continu8 Iii up¥r<ilion. Th6 Iruslees arè responsible lor keèpSng sdèquale aeeounlirng records that disclos8 with reasonable atturaey al any th'mè the financial position of the Gharitable Gompany and enablej them to ensure that the financial slalemn16 wmply wbth the Companies Act 2006, They are also responsible for safeguarding the assets of the charil)le cornpany and hen lor 18king raasonable steps lor th8 pr8v8ntion and d8lecllon ol fraud and other irregulari118s.
Draft Flnanclal Stat•mènts at 05 Dacombèr 2024 at 14:12'.42 HEALTH EQUALITIES GROUP LTD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HEALTH EQUALITIES GROUP LTD Oplnlon Wts h8V& 8udited the finan¢ial stslamènls ol Health Equalilias Group Ltd Itho'¢hariiablts ¢omp¥ny'l for the yaar gnded 31 March 2024 which comprise th8 Stat&M8nt of financial activiti&s, th8 balance sh88t and th8 not8S to the fi'nanoial stal8M8nts, including 8 summary ol Signifint a¢¢ounling policies. The financial reporting framework that has been applied in their prgpar81ion is applicabb18w and Uniled Kingdom Accounting Siandardg. including Financial Reporting Slandaid 102 The Financial Reporting Standard applicable in tha UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Pradi¢el. In our opinion, the financial staternenls.. give a true and lair view ol the slate ol the charitable company's affairs as at 31 March 2024 and of ils incoming r¢sour¢8s and application ol resour¢e$, including rts income and expènditure, for the year then endéd,. havé b88n property prèpar8d In accordanc8 wlth Unit8d Klngdom G8n8rally Acc8ptèd Accountlng Practlce.. and have been prepared in acc(rdance wrth the requirements of the copaNieS Act 2006. Basi8 for opinion We conducted our audrt in accordan wilh International Standards on Auditing IUKI IISAS IUKII and applicable law. Our r&8ponsibili1168 undor those Standards arts lurthar d8s¢rib$d in the Aiidilors 1&8ponsibilili&s forth& audil of the fin&n¢i&l stal&ments section ol our report. We are independent of the charitable company in accordance with the ethical requirements Ihat are relevant lo our audit ol the lingn¢io1 statements in Ihe UK, including the FRC'S Ethical Sl8nd¥rd, and we heve fulfilled our other elhic81 r8sptsnsibililies in ac¢ordanc8 with these roquirem$nlg, Wa boliev¢ that tho audit ¢vid8n¢e wg have obl8in&d is sulficienl and appropriate to provide a basis lor our op¥nion. Conclusions Telating to going roncern In audlllng th8 Ilnanelal slatam8nt$, we have eon¢luded that thè tru$lts86' use ¢1 thé golng con¢6m basls of a¢countlng In thè preparation ol Ihe linawial slal8m8nls is appropriate. Basèd on Ilw work n8va p8rforn. w4 h8vè not Idantlflèd any m8lèrlal uncèrt8lntl8a rèlatlnu to èV8nls or eondltlong that, individually or collec'Vely. may cast significant doubl on the charitable company's ability tD coniinue as a going concern lor a period of at least twelvè months Ir¢m whèn th8 Ilnanc581 $18t8ments arè 8Uthorised lor issu8. Our responsibilities and the responsibililiÈs ol the trustees wilh respect lo going concern we de6crib&J in the relevant se¢lions DI this report. Othgr Inlomiatlon The other information comprlses thè Infomiation included in the annual r&port other than the financlal statements and our 8udilor's report Ihereon, The Iruslees are responsible for the other information contained within the annual report. Our opinion on the financial slaternents does rrfjt cover the othar information and, except lo the extent otherwise explicitly slated in our roport, wè dD not èxprEss any form ol asgurantè conclLJsion thergon. Our rosponsibillty is lo rèad thè olhtsr information and, in oing $0. Consider whether the other inlormalion Is materially Inconslslenl wllh the financial slalemenls or our knowledge obtained in the course Df Ihe audil, or otherwise appaars to btr materially misstatad. If we idtrnlify such maltrrial inconsisten¢ies or apparent malerial misstalemenls, we are required to determine whether this gives rise ID a mgteri81 mlsslst8m6nt In th8 flnancSal statèménts thèmsèlvas. If, basÈd on thè work wè h8vé pèrformèd, wè concludè that thèré is 8 material misstaltrm8nt ol this ulher inlormats"on, we ar8 required io repL¥rt thal fact. Wè havè nothing lo roport in this regard.
Draft Flnanclal Stat•mènts at 05 Dacombèr 2024 at 14:12'.42 HEALTH EQUALITIES GROUP LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF HEALTH EQUALITIES GROUP LTD Oplnlons on other rnattor5 proscrlbed by tho Companlos A¢t 2006 In our opinion, based on Ihts work undartakan in the ¢our8e of our audit.. the infomi8bon 9ven in the Iruslees, report for the fin8no81 yeor for which the finen¢i81 statements are prepored, which Indudes the directors. report prepared lor the purFwJses ol cotnpany law, Is consislenl with the Iinantsal staletnenls", and the directors. report included wrthin Ihe trustees, report has been prepared in accordance with applicable legal requirements. Mattèrs on which w• ar• r•qUIr to rèport by •xc•plion In the light of the knowkdge and understsndin9 01 the charitable ¢ompgny ond its environment obtained in the (xjurw of the audit, W8 hava not identified material mis8lalgmants in tha directors, report includad within the Iru$t869' report. We have nothing to report in respect ol the fdlowing matters in relation to which the Companies Act 2006 requires us to report lo you rf, in our opinion,. adequate accounting record5 have not been kept, or returns adequate lor our audit have not been received from br8n¢hes nol visrted by us,, Dr the linaneial statements are not in agreement with the accounting records and returns,. or certain disclosures ol trustees. rernuneralion specrfied by law are not made., or we h8v& not receiv8d 811 tha information and axpl8nations we requira lor our audit., tyr th8 Iiuslees ware not trntilled lo pr8par& lh8 financial sl818menls in a¢cord8nc6 with the small Mpani&S regime and take advantage ol the small companies, exemptions in preparing the trustees, reporp. and from the requirement to prepare o $tralegi¢ report. R•sponslbllltlgs of trusteèg As explained more fully in the $18tement of Iruslees. responsibilities, the trustees, who 8re Blso the directors ol the ¢haritabl2 company for Ihe purpts8& ol company law, are respon8itl8 lor Ihts prop8ralion of the financial staltrrnenls and lor btring satisfied that they give a true and lair view, and lor such internal control as the trustees determine is necessary iD enable the prep8r8tion ol financial statements that are free from material misst8tement, whelher due to fraud or error. In preparing the financial slaiernenls, th8 Iruslees are r8sponsible for a8s89sing the charitable ¢ornpany's ability lo eonlinue as a going concern, disclc)sing, as applicdble, rnatters related lo going concern and using the going concem basis ol accounting unless the Iruslees either intend to liquidate the charitable company or lo ¢e8se operations, or have no reali$li¢ 8ltern81ive bul to do so. Audltor'$ respon$lblllllo$ for the 4udlt of thg fln4n¢lal ststemgrrt$ Our objects'ves are to obtain reasonabl8 assurance aboul whether the financial staiem8nt$ as a wholé are frte from material misstatement, whelher due to fraud or error, and to issue an audilorfs report that includes our opinion. Reasonable assuran-tr 1$ a high level ol 8ssur8nce bul Is not 8 guarantee Ihat an audit conducted In 8c¢ordance with ISAS IUKI will afvéays delecl material misstalemenl when il exists. Misstaleinenls can arise frorn fraud or error and are consid¥red material il. individually or In the aggregate, they could raasonably b# èxptrct8d to Inllunc8 thè 8conomic dtrcislons ol usr$ tak#n on th• basls ol these financial statements. Capablllty of the audlt In detectlng Irregularltles. Includln9 Iraud Irrè9ularits'es, including fraud, 81e in81anees ol non<0mlanCe with laws and regulations. We design procedures in line with our rtrsponsibililies, ouuined above. lo detect material misslatemtrnls in respecl of irrttgularilies, including fraud. The exltsnt lo vihich our pro¢eduw are ¢apable ol dele¢ts'ng Irregularities, including fratsd. is detailed below.
Draft Flnanclal Stat•mènts at 05 Dacombèr 2024 at 14:12'.42 HEALTH EQUALITIES GROUP LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF HEALTH EQUALITIES GROUP LTD Discu55ions wlh and enquiries ol rnanagamEnt and thos8 charged wth governance were held with a vi8w to identilying those laws and regulation5 Ihat could be expected lo have a rnaterial irnpacl on the financial statements. During the engagernent iaam briafing. Ihe outcomès of Ihgse discussions and enquirios sharod with the loam. as well as consideration a5 to viher8 and how fraud tnay occur in the enlrty. Tha lollowiNJ laws and regulations wèr* idèniifi'ad as baing of significance lo thg •ntily'. Those law5 and regulatlOn5 considered to hawe a direct effect on the financial Statements Include UK financial reporting sland8rd5, Cornpany Law. Tax and Pensions legisl8lion, and Charity Law. Those laws and r8gulalion5 lor which non-cornpli4nce tnay b8 lundam£ntal lo Ihe Jp8rating aspects ol th8 charily and therefore may have a material ettect on the financial 5tatetnents include exjmpliance with charitable objectives, public benefit, fundraising regulatk)ns, safeguarding and health and salely legislation. Audit proc•durés undèrtaken in rèspons8 to the potèntial risks rèlatlng to Irrègularltlès Iwhlch ineludè fraud and non-compliance with laws and reoulationsl comprised ol.. inquiries of managcmenl and the Trustees as lo whether the eniity compli85 with such laws and r8yuldlions,' enquiri8s with Ihe 5arng concerning any actual or potenal Iiligation or clairng., inspection of relevant legal correspondence,. review of Trustee meeting minute5,' te51ing the awropri3lene55 of journal •ntries,' anl Ihe p8rformance of analyllcal réview lo idenllfy unoMp•cl•d mov8m8nts In account balances whlch may b• indicailv8 olfraud. No In8lanc8s of rnal8rlal non.compllance w8r8 Id8ntifl8d. How8vor, th81Skellhcod of d818Ctlng Irr8gularltla8, includlng fraud. Is lirnilud by th• inher8nl dilfiLulty In del8clln9 IrrguIritI8s, th8 &ffeclivèness of lh8 èrilily's controls, and Itri natur8. liming and extent of thè audit procedures pertormed. Irregul8rities th8t result frorn fraud might be inherently more difficult lo detect than irr8gularilies Ihal r85u11 from error. As explained above, there is an unavoidatle risk that material misslalemenls may not bè 8lècl8d. even though the audit h89 been planned and p&rformed in accordance with ISAS IUKI. A ftjrther desoriplion ol our responsibilities is available on the Financial Reporting Council's website al.. http8'.Ilwww,Irc,org.ukJaudilorsresponsibilili8¥. This do8¢riplion forms part ol auditor's ieport. Us• of our r•port This report is mad8 sol8ly to the company's Thembers, as a body, in accordan with section 39101 the Companies Act 2014. OLJr audit work has been undertakèn so thBI we mi9ht slale to the company's members those matter5 we are required to slate lo them in an audilorfs report and for no olhtrr purposg. To the full&81 extent ptrrmitted bylaw. wg do not ac-epl or ssurne responsibility tD anyone otrer than the company and the cornpany's rnembers as a body, lor our audit yvork, lor this rèport, or lor the opinions we have formed. J•an Ellls BA FCA CTA {SenSor Statutory Audllorl for and on bphalf of OSG Audit 6 November 2024 Chartered Accountants statutory Audltor Castle Ch3wbers 43 Castle Street Liverpool L2 9TL
Draft Flnanclal Stat•mènts at 05 Dacombèr 2024 at 14:12'.42 HEALTH EQUALITIES GROUP LTD STATEMENT OF FINANCIAL ACTtVlTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unr•stri¢tsd Restri¢t•d funds funds 2024 2024 Total Unro8tri¢tsd Re8tri¢ld fund8 funds 2023 2023 Total 2024 2023 Notes Incom• from= Donations and legacies Chari18blè 8clivth$s Invaslments 1.772 107.850 2.634 4,036 5,808 107,850 2,634 3,804 97,662 10,419 14.T23 97.E62 Tatl ificofft• 112.256 4,036 116,292 101,466 10,419 111,885 Expendlture on= Chariiabla activ8$ 111,580 111,580 100,336 100,336 Total •xp•nditur• 111.580 111,580 100,338 100,336 Net Incom• 676 4,036 4,712 1,130 10,419 11.549 Translars b8fv488n funds 100,000 1100.0001 N•t mov•mant In funds 100.676 195,9641 4,712 1,130 10,419 11,£49 R•conciliation of fvnda.. Fund ba18nc6s al 1 April 2023 185,292 220,413 405,705 184,162 209,994 394,156 Fund balanc9$ at 31 Mar¢h 2024 285,968 124,449 410,417 185,292 220,413 405,705 Th8 notes on pages 10 to 20 fomi part of these financial statements.
Draft Flnanclal Stat•mènts at 05 Dacombèr 2024 at 14:12'.42 HEALTH EQUALITIES GROUP LTD BALANCE SHEET AS A T 31 AIARCH 2024 2024 2023 Not9¥ FlxÈd 8gse18 Intangibl8 assets Tangible asyet5 Investments 11 12 13 22,180 857 503 23,039 Currènt assets Debtors Cash at bank and in hand 15 296,302 165.306 427.137 59,930 461,608 461,067 Crgdllors= )mounts lallln9 du• wlthln on• year 16 174,2301 181,8671 N•t currant ass•ts 387.378 405.200 Total a88•ts1088 ¢iirront liabilitlO8 410,417 405.705 The lund5 of tho charllabl• company Reslrict8d income funds Unrestricted funds 18 19 124,449 285,968 220,413 185.292 410,411 405,705 The Ilnancial statements were approved by the trustees on 6 Novernber 2024 Profos$or S Cap9well Trust99 Company reglstratlon numbèr 05382971 (England and Vlalesl
Draft Flnanclal Stat•mènts at 05 Dacombèr 2024 at 14:12'.42 HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ountSng pollcle8 Ch8rity infowmation Health Equalities Group Ltd 1$ a pdvat8 company1Smit8d by guaranteè incorporated Sn England and Wales. Th8 r8glsterod officè Is 151 Dala Stre81. Livérpool, L2 2JH. 1.1 Accounting conventlon Th& financial stalem&nts hav8 b88n pr8parèd in aceordanc& ivith lh8 d)aritabl& eornpany's Mèmorandum and Articl8s of A550ciab'on, the Companies Act 200?, FRS 102"The Financial Reporting Standard appliCae in the UK and Republic of Ireland I'FRS 102.1 and the Charits'es SORP 'Accountsng and Reporting by Charit$.. Slalement of Recommended Practice applicable to charities preparin9 their aecounls in accordancè with the Financial Reporting Standard appllcablts in the UK and Rapubli¢ of Irèland IFRS 1021" ltsffecllve 1 January 20191. The charilabla company is a Public Benefit Entity as defined by FRS 102. Thè charllabl8 Company has t•k8n advantag of th• provlslon8 In th• SORP for eharfll$ not lo pr8par• a Statement of Cash Flows. The financial slalements are prepared in 618rfing, which 15 the functional currency ol the charitable company. Monetary cLfTivurIl iri tli¥t>¥ firicifiLial sltiliri#ritS dr# rouridd lu Ili* ri#tir#t>t £. The linon¢io1 Stolements ho'le been prepored under the historical ¢osl ¢onvents'on. The prin¢ipo1 ac¢ounling policies adoplgd are $91 oul below, 1.2 Golng coiic•ni Al the tirne of approving the financial slalernenls, the Iruslees have a reasonable expeclats'on that the charitable company hos adequate resources to ¢onlinue in operational ¢xislence for the foreseeoble future. Thu$ the trustees onlinue lo adopl the going wncern basis of accounting in preparing the financial $lalemgnl¥. 1.3 Ch8rlt8blo fund$ Unre51ricled funds are available for use at the discrellon ol the Iruslees In further8nce of their charllable objeGllves. Designaied fund$ comprise funds which havg b8an set aside al th8 discietion of th£ trustèes for specifie pJrposg9. Th8 purposes and uses of the designated funds are set out in the notes to the financial statements. Restricted funds are subject to specffic conditions by donors or grantors Bs to how they may be used. The purposes and uses ol Ihg rgslricted fvnds are sei out In the nolgs lo Ihg linanual sts1gThenls. 1.4 Incorne Incom• Is rocognis8d when the charitable company is legally enliued to rt after any performanc¥ conditions hav8 b88n tn8t, the amounts can be measured reliably, and it is probable that incotne will be received. Cash donations artr r¥cognis8d on rèceipt. Other donations ar& recognisèd onc¥ th¥ charitabl¥ company has notified of Ihe donation, unles5 performance conditions require deferr31 of the amount. Income tax recoverable in lation to donations reiVed under Gift Aid or deeds of covenant is recognised 8t the time of the donation. Lega¢les are rgcognised on recelpl or otherwise if the ¢harllat>le company has been nollfied of an ImpendSng distribulion, the amount is known. and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset. 1.5 Expenditufg Expendilure is accounted for on an accruals basis. 10-
Draft Flnanclal Stat•mènts at 05 Dacombèr 2024 at 14:12'.42 HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting policies Icontinutdl 1.6 Intangiblo fixod assots tsther ththn goodwill Intangihle assets acquired separately from a business are recognised at cost and are subsequently rneasured al cost less ac¢umuloled 8mortisalion and aCmUlated impairm$nl los$8s. Intangible assets acquired on business combinations are COgnised separately from goodwill at the acquisition date wh9rg il is probable that the 8XPg¢tgd fulurg g¢onomic b9ngfits that ar8 attributablo to th8 aSSFt wll fl¢>w to the 9ntity and the lair value ol the asset can be measured reliably.. the inlangible asset arises frarn contractual or other legal rights,, and the intangible asset is separable from the entity. Amortisalion is rewni$gd $0 as lo wrts off the ¢o$l or valualion ol as$gts195s Ihpii rgsidual valugs over their u$gful lives on Ihe following base5'. Sofiware 3 years $1raighl line 1.7 Tangible fixed 48¥9ts Tangiblé fix8d assets ar8 Inrtlally measured at cost and subsequ8nly m8asur8d at cost or valuation, n&t ol depreciation and any impairmenl1055es. Depr6cialion is r8cogni8ed go as lo write off tha cost or valu91ion of as$61818ss their residual values ovar their useful lives on Ihe following t>ases'. Compute 3 year5 slraighl line Th8 9gln or loss arlsing on thé dlsposal of an ass8t Is dèl8rmin8d as th8 dlffèr8nc8 belw8èn th8 salè proc8•ds and th• ¢arrying value ol the asset. and Is rew9nlsed In the $181ement of linanci81 activities. 1.8 Flx•d ass•t Inv•stm•nls Fixed a5S8t investments are initially measured at cost and subsequenly measured at cost less any accumulated impairment losses. The investments ar8 assess8d for impairrnent at each reporting date and any impairm8nt Ioss8s or reversals ol Imp8lrment losses are recognised Imrnedi8191y In nel in¢omellexpendilurel for the year. A subsidiary is an enlily Bonlrollgd by ihe Charitab company. Control is the power 10 govern Ihg finantyal and operating policie5 of the entity so as to obtain benelts frotn its activitie5. 1.9 Impalrmgnt of flxod a880ts Al each reporting end date, the charitable company reviews the carrying amounts off ils tangible assets to delerrnine whothor there is any indicatn that those assets have suffer1 an impaiimenl loss, If any such indication exists. Ihg recoverable amwnt of the asset 15 e5timaled in order to determine the eKlent ol the impairment loss lif 8nyl, 1.10 Cash Gatsh v4uivalEnt¥ Cash and c35h equivalents Include cash in hand, dep051ts hdd at call wth bank5, other short-term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in curr¥nl liabil.¥$. 11
Draft Flnanclal Stat•mènts at 05 Dacombèr 2024 at 14:12'.42 HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting policies Icontinutdl 1.11 Finaneithl in8trumentJ The charitable company has elected to apply the provisions of Section 11 'Basic Financial Instnjmenls, and Section 12 '0thor Financial Inslrumants Issu&s' ol FRS 102 10 all ol ils financial inslrumenls, Financial instruments are cOgnised in the charitable company's balan sheet when the chantable company bgcorDes party to th9 conlr&tual prow$ions of th8 instrurngnt Financial ossets and liabilities a offset, with tho nel omounts presented in the financial stalemenls, when there is a legally 8nforc8ab18 right to $81 off the iecognisgd arnounls and Ihgrg 1$ an int9nlion lo sell18 on a nel basis or lo r8ali$g the asset and seiiie the liablity sirnultaneously, 8aslc flnan¢lal assets Basic fi'nancial assets, whieh include debtors and cash and bank balanees. are initi£lly messured al transaction prie8 indiiding transaction costs and are subsequently carried at amortised cost using th& effective interest method unless Ihe arrangemenl constitutes a financing transadion, where the Iransaclion is measured 8t the present value of the future receipts discounted 81 a rn8rkel rate of inl8r&sl. Financk818ssels classrfied as ie¢eivablè wthin on8 y9ar ale not amortlsed. Oth6r nnan¢lal as8ots Olhar linancial ass919, including invgslmanls in 8quily instrumonts which are not subsidiaries, associals or joint ventur85. ar8 initially t8a58d at fair value, which is norrnally th8 transaction price. Such a55ets are 5ubsequ8ntly c¥rri¢d ot foir volu? 4nd th9 chan985 in f4ir v4lu8 arg recognised in net in¢gmgllexF¢nditurel. gxc8pl Ihot inv¢stmgntB in equity inslrumgnls Ih&l ar9 nQt publicly traded and who$9 fair values Cannot bg meagurgd reliably are mga$ured 01 CO81 less itnpairtnenl. Impalmi¢ of finan¢ial a$$t$ Financial agsels, Olher than Ihosts held ai lair valuè Ihrouoh income and gxpendilure, are ass8s8ed lor indicators of impairment at eh reporting date. Financial assets are impaired where there is objective evidence that, as a result ol one or more ev&nts that ocwrred after the inlli81 recognition of the ffinancial asset, lh9 eslimaled future Cash flows have been aff1#d. If an 8ssel is impaired, the impairment loss is the difference between the carrying amoiinl and the present value ol the estimated cash Ibws discounlod al the asstrl's original effecliwe inttrrtrsl rala. The impairment loss is r8cognised in nel incornellexpendiiurel lor the year. If there is a decreaBe in the impairment loss arising from an event occurring after the irnpairmenl was recognised, Ihe irnpairmenl is reversed. The reversal is such that the current carryin9 amount does not exceed whal the carrying amouni woula h8v8 been, had thè Impairmenr not previously otsen racognisad. The Impalrmeni far¥81 Is recognlsed in n¥1 iiicor(IellXpeI1llIlur8I lor the yedl. D8r8cognlllon of flnanclal assgts Financial assets are derectyJnised only when the conlra¢lual rights lo the cash flows from the 8sspI gxpirp or are settled. or when Ihe charitable GOTnpany transfers the financial asset and substantidly all Ihe risks and rewards of ownership to another entity, or rf some signifi¢anl risks and rewards of o%vnership 8re retained b(Jt Control ol the assel h88 transfeed Its another party that is able to Sell the asset in ilg entirely lo an unrel81gd third party. 12-
Draft Flnanclal Stat•mènts at 05 Dacombèr 2024 at 14:12'.42 HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting policies Icontinutdl Basie financial lithbiliti&$ Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constilultrs a linan¢ing tran¢tIon, where the dgbl instrument is measurod at tho prgsenl value ol th8 lul(Jre paymenls discounted al a market rale of interest. Financial liabilities classified a5 payable within one year are not arnortised. Tradg ¢rgditors are obligaticns lo pay for goods or sgrvicps Ihal havg bgen acquirgd in the ordinary coursg 91 operations from supplier5. Amaunts paiable are ckssified as aurrent liabilities il payment is due wrthin one year or le5S. If not, they are piesented as nOnrrent liabilities. Trade creditors are recognised initially at transaction price and subsequgnlly rneasured al amorti$gd $1 Uslllg thg gffg¢live inlgiesl rnglhod. othw flnonclal Ilablllll$s Derivatives, including inlerest rale swaps and ford for8ign exchange contracts, £r8 not basic financial inslrumenls. Derivatives are initially recognised at fair value on the date a derivative a)ntract is entered into and are subsequently re-measured al their fair value. Changes in the lair value of derivatives are recognised in or in finance costs or finance incorne as appropriate, unlegs hedge accounting 1$ applied and the hedge is a C8sh flow hedge. Dw•¢ognlilon olfln&ncl81 Ilabllllles Financial Ilabilits'es are dore¢ogni$gd when Ihg charitabl8 Company's Conlraclual obligations expire or aro discharged or canGelled. 1.12 Employ•• b•n•flts Thè cost ol any unus8d hollday 8nlltltmènl Is r8¢ognl8ed In th6 p8rlod In whlch th& 8mploy88'$ $8IVIC68 are recelved. Temiln8.on benefits are recognised immediately as an expense when Ihe charitable compeny is demonstrably commltlèd to larmlnatè thè 8mploymént of an èmployè8 or to provld8 tarminatlon bènèflts. 1.13 R•llr•m•nt b•n•flt8 Paymenls lo ¢J¢lned contr1110n retirement b¢nefil s¢heme$ ore ¢harged 0$ on expense as they fo11 due, 1.14 Group accounts The financial stalement8 present inlorrnats'on about the charitabl8 cornpany as an individual undertaking and not about its group. The charitable company and its subsidiary undertBkings comprise a srnall-sized group. The charitable company has therefore lak adv8ntage of the exempllons provlded by secllon 399 of the Companles A¢t 2006 and relevant tharily law not lo piepare group accout)1s. Income from donations and legacieg Unrostrlctod R•strfct•d funds fund$ 2024 2024 Total Unrestrlctod Restrlcted lund$ funds 2023 2023 Total 2024 2023 Donations and 1.772 4,036 S,808 3,804 10,419 14,223 13-
Draft Flnanclal Stat•mènts at 05 Dacombèr 2024 at 14:12'.42 HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from clwrltable actlvltles Unréstrieted nds 2024 UnroJtri¢tod fund$ 2023 Iriboiii& Ironi 17&11abI¥ LvIll8 - Core prograiiini 107,850 97,862 In¢om• Irom Invè$tment8 Unr•strlct•d Unr••trlctgd funds lund8 2024 2023 Inieresl ceIvable 2,634 Expondlturg on charltabl• actlvltl•s Con8ullan¢y Con8ultan¢y 2024 2023 Dlro¢1 ¢o$t$ Staff costs Depreciation and impairrnenl Rent In$uran¢g General project expenses Tplpphnnp. intprn?t Computer runnirg ¢osls Prlnllng, poslage and slallonfrry Manag¥m¥nt recharges Accountancy and payroll fees Othor costs 335,399 2,948 9,928 2,464 4.929 273.165 401 7,479 5,337 31.855 3,748 1,189 1277.5751 10,644 7,723 6,070 1.563 1244,7271 9,990 4,$35 104,050 97.026 Sharn of sUPPOrt and gQVgrnanc¥ costslseo not• 61 Governance 7,af3D 3,310 111,580 100,336 Analy$l$ by fund Unresirlcied funls 111,580 100,336 14-
Draft Flnanclal Stat•mènts at 05 Dacombèr 2024 at 14:12'.42 HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocat to acUvltl•s Total 2024 Tot81 2023 Governance 7,530 3.310 2024 2tY23 Gov¢rnan¢g ¢o$1$ ¢omprl$g'. Audlt lees 7.530 3,310 7,530 J.310 Nel movfrrnont in fund$ 2024 2023 Thg n91 mtsvgmgnl in funds is slal$d aftgr chargingll¢rgdilingl'. Fees payable lor th8 audit ol the charity's financial slalernen15 Depreciation of owned tangible fixed a55els Amodisalion of intangible assets 7,530 429 2,519 3.310 401 Tru$tg•1 Nona ol thè trustaes lor any p8rsons ¢onnfjctfjd th Ihgml rgcolvgd any rgrnunerollon gr bgndSts from Ihe Chorflablg ompany during Ihe year12023.. £nill. During the year, the trLJStees received 8 total of £nil12023'. £nill in expenses from chgrity. Empltsy•o8 Thè averag8 monthly number ol employèè$ during tho yéar was.. 2024 Nurnb•r 2023 Num11 Adrninislralion Employment ¢osl$ 2024 2023 Wages and salaries Social security coEts Other pension costs 275,840 24,386 35,173 224,460 18,722 29.983 335,399 273,165 15-
Draft Flnanclal Stat•mènts at 05 Dacombèr 2024 at 14:12'.42 HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employ•¢$ Icontinutdl Four members of st8ff are employed direetly ty He8lth Equalities Group Lid, v4ith one member ol 8t8ff directly employed by EL*opean Healthy Stadia Nelwork. Two rnetnbers of staff ale recforged lo European HBaltry Sladia Network CIC and three are iechar96d ts HOM Partnerships CIC. The nurnber of employees whose annual remuneration wa5 more than £60.000 is a5 follows.. 2024 Numbor 2023 Numbor £60,000- £69,999 10 Taxatlon Th8 charity is exgtnpt from taxation on its activities b8C8U8e all it8 incorng is applied for oharitabl8 purp08es. 11 Intan9lbl• flxèd assèts Softwar• At 1 Apdl 2023 Additions- inlernally developed 4,¥d5 24,195 At 31 March 2024 29,120 Amortlsallon and Impalmi•nt Al 1 Ppril 2023 Amorlsatlon charged lor the y8ar 4,421 2,519 At 31 March 2024 6.940 Carylng amount At 31 March 2024 22.180 Al 31 March 2023 503 16-
Draft Flnanclal Stat•mènts at 05 Dacombèr 2024 at 14:12'.42 HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Tanglble flxed assets Compulers Cost Additions At 31 March 2024 Doprèclatlon and Impalrm•nt Depreciation charged in the year 429 At 31 March 2024 429 C8rrylng amount At 31 March 2024 13 Flxed agget Invegtmen¢ Other investments Cost or valuatlon Al 1 Ppril 2023 & 31 Mgr¢h 2024 Carrylng amount At 31 March 2024 At 31 March 2023 2024 2023 Olh8r Inv8stm8nls cornprls8'. Not•8 Irw¥slm¥nts In subsidlari¥¥ 14 14 sub3idiarie8 Delaib ol the charitable cornpany's Sutsidiaries at 31 March 2024 ar8 a8 follows.. Nam• of und•rtik5ng R•gl$t•r•d offi¢• N41ur• of bu$ln•$$ Cla$$ of $har•8 h¢ld % H•ld Direct IndirKt European Healthy Stadia Network CIC 151 Dale Street, Dellverlng publlc health Liverpwl, inlervenlions for sports clubs Merseyside, L2 stadia 2JH Lcvs Building, 151 Delivering public health Dale Stet, inlerventions Liverpfr)I, L2 2JH Ordlnary 100.00 Hom Partnerships CIC Ordinary 100.00 17-
Draft Flnanclal Stat•mènts at 05 Dacombèr 2024 at 14:12'.42 HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Subsidiari•$ Icontinutdl During the ye8r Ihe turnover of Europe8n He8ltry St8di8 Network CIC £94,74712023.. £121,74418nd e%penditure IncurrBd was £58,52912023." £111,325) resulling In a profil of £36,21512023." £10,419). During the year the turnover of HOM Partnerships CIC was £300,28612023'. £228,845) and expendlture Incurred was £298,51412023'. £225,041) resullin9 in a profil 01 £1,77212023.' £3,804>. 15 Debtors 2024 2023 Amount8 falling du• wlthln on• y•ar'. Trade d8btors Amounts owed by subsidiapi undertakings Other debtors Prep8ymanls and accruéd income 84.587 339,939 1.652 959 277.991 5,273 13,038 296,302 427,137 Amounts owed by group undort¥kings are In¢gro81 free. have no Ilxed date ol ropayTr)enl and are rgpayablg upon demand. 16 Cr•dllors.' amounts falllng du• wlthln on• y•ar 2024 2023 Trade crgditors Other creditors A¢cruo1s and deferred in¢ome 220 4,010 70,000 8,008 3,769 70,Q)O 74,230 81,867 17 Rellr•mènt bèn•flt 8chèrn•8 2024 2023 D•llnéd contrlbutlon sehamès Charge to profil or105s in respect ol defined contribution 5cheme8 35,173 29,983 The ch8ri1abl8 company operalgs a defined contribution penwon schemg lor all quejifying gmploy88s. The asse18 of the scheme are h81d separately from those ol the charitable ox)mpany in an independently adrrynislered fund. 18-
Draft Flnanclal Stat•mènts at 05 Dacombèr 2024 at 14:12'.42 HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 R•strlcted funds The restrieted funds of the therity eornprise the unexpended bal8nces ol donotion$ and 9r8nts held on trust Subjeet to specific conditions by donori as to how Ihey rnay be used. At 1 April 2023 Incoming r•sourcoS Transfèrn At 31 March 2024 Europèan Healthy Stadia Network CIC 220,413 4,036 1100,0001 124,449 Prevlou¥ yeor: At 1 Aprll 2022 InGomlng r•8ourc•8 Transfers At 31 March 2023 European Healthy Stadi8 Network CIC 209,994 10,419 220,413 19 Unr•$trl¢tsd fuNd$ Th? unreslricled funds ol the charity Comprise the unexpended b8lan¢es of donations and grants whi¢h are nol subject lo sp8cilic condits.ons by donors and grantors as to how they Tnay be used. Thesg include de819naled funds which have been Set aside OLJt of unrestricted funds by the trustees for specific purposes. At 1 April 2023 Incoming re$our¢fj$ ReBour¢es •xp*nded Tran8fer8 At 31 March 2024 Restructuring fund Ggngrgl funds 75.000 110.292 75,C 210,968 112,256 1111,5801 100.000 185,2S2 112.256 1111,5801 100,000 285,968 Prèvlous yèar: At 1 Aprll 2022 Ineomlng resource8 R•sourc•s xptsnded Transf•r8 At 31 Mareh 2023 Restru¢luring fund General lundy 75,000 109,162 75,Q]Q 110,292 101,466 1100,3361 184,162 101,466 100,336 185.292 Restructuring fund (he fund has been created lo mitigate against future reslrucluring requirements in light of COVID and olher polenlHI significant changes lo ils operating environment. 19-
Draft Flnanclal Stat•mènts at 05 Dacombèr 2024 at 14:12'.42 HEALTH EQUALITIES GROUP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Analysls of net assets between fund Unrostricted lund8 2024 R•$trictsd funds 2024 Totthl 2024 At 31 March 2024- Intaii9ible ffixod assets Tangible assets Inveslmenls Current asselsllliabilili981 22,180 857 22,180 857 262,929 124,449 387.378 285,968 124,449 410,417 Unrestrlctsd funds 2023 Restrlcted fundg 2023 Total 2023 At 31 March 2023: Intangibl8 lixtrd 88Set8 Inv8slmenls Current assetsl{Iiabi1iliesl 503 184,787 220.413 405.200 185,292 220,413 405.705 -20-
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