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2022-12-31-accounts

Charity Registration No. 1113681

Company Registration No. 05679989 (England and Wales)

SADS UK

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

SADS UK

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr J Jolly
Mr F Irving - Treasurer
Ms A Lillis
Ms A Morris
Ms J Nicel
Secretary Mr J Jolly
Charity number 1113681
Company number 05679989
Principal address Suite 1A Churchill House
Horndon Industrial Park
West Horndon
Essex
CM13 3XD
Registered office 22 Rowhedge
Brentwood
Essex
CM13 2TS
Independent examiner Maynard Heady LLP
Matrix House
12 - 16 Lionel Road
Canvey Island
Essex
SS8 9DE
Bankers Nat West Bank Plc
46 High Street
Brentwood
Essex
C13 4AL

SADS UK

CONTENTS

Page
Trustees' report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Statement of cash flows 8
Notes to the accounts 9 - 24

SADS UK

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022

Annual Report

The Trustees submit their annual report and the financial statements of SADS UK, the Ashley Jolly SAD Trust, for the year ended 31st December 2022. The Trustees confirm that the annual report and financial statement of the charity comply with the current statutory requirements, the requirements of the charity’s governing document and statement of recommended practice (SORP) accounting and reporting by charities issued in 2005 and under section 162 of the 2011 Charities Act.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.

Objectives and activities

SADS UK is a cardiac charity working to prevent Sudden Arrhythmic Death due to abnormalities of the heart, which may affect a person at any age, even children. Conditions covered are those such as, Hypertrophic Cardiomyopathy, Long QT Syndrome, Short QT, Wolff-Parkinson-White Syndrome, Brugada Syndrome, Catecholaminergic Polymorphic Ventricular Tachycardia, Cardiomyopathy and Arrhythmogenic Right Ventricular Dysplasia/Cardiomyopathy.

The Charity’s Mission Statement is:

To save lives and support individuals and families who are predisposed to sudden death due to heart rhythm abnormalities (cardiac arrhythmia).

The Charity’s Vision Statement is:

General Practitioners, primary care personnel and the general public all understand symptoms (and possible genetic implications) of cardiac abnormalities enabling them to gain early diagnosis and treatment. Defibrillators will be widely placed in the community and all schools and youth establishments will have defibrillators on site to use in the case of a cardiac arrest emergency.

Objects registered with Charities Commission

To relieve the distress of persons who have suffered from sudden bereavement or who are aware that they or a family member are susceptible to potentially sudden death through certain medical conditions, particularly, but not exclusively, by the provision of support and information and the provision of funds to supply appropriate preventative equipment (not normally met from statutory funds) to assist in diminishing the risk of sudden death. The objects comply with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission with respect to public benefit.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

SADS UK

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

The charity has four main objectives:

  1. To provide support to families who have suffered a sudden and unexpected cardiac death within their family and to individuals and families who are living with conditions that cause abnormality of the heart rhythm, some of those whom have suffered cardiac arrest.

  2. To raise awareness and educate the general public and healthcare professionals regarding cardiac conditions affecting the heart, in order that those at risk of Sudden Arrhythmic Death (SAD) may be referred for specialist cardiac treatment.

  3. To keep up to date with medical technology and new research advances, providing equipment to organisations and health care professionals to assist with the prevention of Sudden Arrhythmic Death.

  4. To guide government legislation and policy to safeguard people who may be at risk from Sudden Arrhythmic Death Syndrome if not treated and provide emotional support to those affected. To assist with their objectives SADS UK works with other organisations.

Achievements and performance

SADS UK continued to place defibrillators in schools, leisure centres and workplaces and install defibrillators housed in cabinets outside establishments so that the defibrillator is available to be used by the community in a cardiac arrest emergency whether this happens during the day or night. The charity also helped parents by providing funds towards defibrillators for the home for children who were susceptible to cardiac arrest.

The charity continues to work closely with the BHF ensuring that defibrillators provided by SADS UK had guardians and were registered on the National Defibrillator Database, The Circuit.

SADS UK also participated in Save a Life Cymru (SaLC), an initiative to bring lifesaving skills to the community of Wales. The charity also continued meeting with the OHCA Charities Advisory Committee to the Cardiac Arrest Expert Advisory Group.

The SADS UK ‘Stride to STOP SADS’ was planned for the 14[th] May 2023 and promoted widely. The intention of the Stride to STOP SADS walk helps highlight the charity’s manifesto and raise awareness and funds to help the charity achieve their goals to prevent sudden death.

SADS UK kept its membership and supporters up to date with developments in cardiac care and activities of the charity, seeking opinions and sharing articles through facebook, the website and the charity bulk email provider Mailchimp.

Delays in defibrillator acquisition

There were severe delays on the acquisition of some defibrillator units and batteries and pads. This was put down to microchip shortages due to Covid 19. The supply of these units had not improved by year end. Some defibrillator units were more readily available and therefore the Defibrillator Manager ordered these.

Despite the shortages the charity was still able to put 80 defibrillators in place and 130 cabinets.

CPR and Defibrillator training

With each defibrillator placed SADS UK organized their usual CPR and defibrillator training. The charity also provided training to secondary school children who already had defibrillators in place.

SADS UK

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Highlights

SADS UK Patron Dr Hilary Jones, health editor for GMTV was awarded an MBE.

Dr Amir Khan, doctor who gives medical advice and information on GMTV became a Patron to SADS UK.

SADS UK worked with the Wrekin Housing Group to distribute and install sixty-one (61) defibrillators in cabinets to their community housing.

The charity funded the International Paediatric Brugada database for another year.

SADS UK worked on an initiative with SalC (Save a Life Cymru) and St John Ambulance Cymru to increase knowledge of CPR initially in North Wales, to be rolled out across the whole of Wales. SADS UK funded £10,000 towards this project which will be the part of a 4 year project.

Acknowledgements

SADS UK thanks all their supporters who have generously assisted the charity during the financial year to assist in SADS UKs aims to save lives.

Financial review

Total income for the year amounted to £382,701 (2021: £341,337). Income from charitable activities increased by £16,011 for the year.

The net surplus for the year was £50,526 (2021: £99,805). The surplus has reduced due to inflation which has impacted on running costs and the purchase of equipment.

During the year £172,931 was expended on charitable activities (2021: £223,042).

This surplus will be used to finance research, counselling and defribrillators.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

It is the policy of the charity that reserves should be maintained at a level which is sufficient to cover not less than one year’s expenditure.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The Charitable organisation was registered in March 2000. On the 19th January 2006 the Registrar of Companies for England and Wales certified that SADS UK was incorporated under the Companies Act 1985 as a private company and that the company was limited. The company was Registered in England and Wales No. 5679989. Registered Office: 22 Rowhedge, Brentwood, Essex CM13 2TS. It retained charitable status and the Charities Commission granted a new registered charity no. 1113681.

SADS UK

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees, who are also the directors for the purpose of company law, and who served during the year were:

Mr J Jolly Mr F Irving - Treasurer Ms A Lillis Ms A Morris Ms J Nicel

Trustees are recruited by a range of formal and informal networks. Trustees are formally confirmed in their role once they have been elected at the Annual General Meeting.

All new trustees are appointed by the existing committee members after consultation and deliberation. New trustees undergo an induction session. During the session existing trustees brief them on responsibilities of Trustees and aims and objectives of the charity. The trustee board asks new trustees to sign a declaration to confirm that they are not disqualified from acting as a charity trustee.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Memberships to other organizations

Genetic Alliance UK Heart Rhythm UK Arrhythmia Alliance Medical Technology Group Council for Voluntary Services British Association of Counselling and Psychotherapy (Accredited Counsellor)

Patrons

Dr Hilary Jones, Health Editor, Good Morning Britain Dr Amir Khan, Good Morning Britain Dr A. Grace. Ph.D. F.R.C.P. F.A.C.C. Professor A. John Camm, FRCP Mr. Kanu Nwankwo, Professional Footballer Michael Powell, England Cricketer Jamie Roberts, Welsh International Rugby Player

Medical advisors

Dr Greg Mellor, Consultant Cardiologist Professor A John Camm, FRCP Dr Pier Lambiase, Clinical Consultant Cardiologist Dr Michael Griffith, Consultant Cardiologist Professor Nigel Wheeldon, Consultant Cardiologist Dr Dhavendra Kumar, Consultant Clinical Geneticist Professor Clifford Garratt, Consultant Cardiologist Dr Jason Dungu, Consultant Cardiologist

The trustees' report was approved by the Board of Trustees.

.............................. Mr J Jolly Trustee

Date: .............................................

SADS UK

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SADS UK

I report to the trustees on my examination of the financial statements of SADS UK (the charity) for the year ended 31 December 2022.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountant in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

R Wybrow FCA

Maynard Heady LLP

Matrix House 12 - 16 Lionel Road Canvey Island Essex SS8 9DE

Dated: .........................

SADS UK

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022

All
Unrestricted
Restricted
funds
funds
Notes
£
£
Income and endowments from:
Donations and legacies
3
149,512
3,956
Charitable activities
4
66,779
-
Other trading activities
5
161,089
-
Investments
6
463
182
Other income
7
720
-
Total income and endowments
378,563
4,138
Expenditure on:
Raising funds
8
159,244
-
Charitable activities
9
172,902
29
Total resources expended
332,146
29
Net incoming resources before transfers
46,417
4,109
Gross transfers between funds
129,048
(129,048)
Net income/(expenditure) for the year/
Net movement in funds
175,465
(124,939)
Fund balances at 1 January 2022
136,074
209,348
Fund balances at 31 December 2022
311,539
84,409		 Total
2022
£
153,468
66,779
161,089
645
720
382,701
159,244
172,931
332,175
50,526
-
50,526
345,422
395,948		 Total
2021
£
260,787
50,768
28,865
21
896
341,337
18,490
223,042
241,532
99,805
-
99,805
245,617
345,422

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

SADS UK

BALANCE SHEET

AS AT 31 DECEMBER 2022

Notes
Fixed assets
Tangible assets
14
Current assets
Stocks
15
Debtors
16
Cash at bank and in hand
Creditors: amounts falling due within
one year
17
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
18
Unrestricted funds		 2022
£
3,760
2,383
395,447
401,590
(9,725)		 £
4,083
391,865
395,948
84,409
311,539
395,948		 2021
£
-
975
351,508
352,483
(8,231)		 £
1,170
344,252
345,422
209,348
136,074
345,422

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2022.

The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on .........................

..............................

Mr J Jolly Trustee

Company registration number 05679989

SADS UK

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022

Notes
Cash flows from operating activities
Cash generated from operations
22
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash (used in)/generated from
investing activities
Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2022
£
(3,257)
645		 £
46,551
(2,612)
-
43,939
351,508
395,447		 2021
£
-
21		 £
94,840
21
-
94,861
256,647
351,508

SADS UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Charity information

SADS UK is a private company limited by guarantee incorporated in England and Wales. The registered office is 22 Rowhedge, Brentwood, Essex, CM13 2TS.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

SADS UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.5 Resources expended

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

EXPENDITURE AND LIABILITIES

Liability recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Capitalisation policy

It is the charity's policy to write off items of capital expenditure below £500 to the income and expenditure account.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment

15% reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

SADS UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

SADS UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

SADS UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2022
2022
£
£
Donations and gifts
144,932
3,956
Grants
4,580
-
149,512
3,956		 Total
Unrestricted
Restricted
funds
funds
2022
2021
2021
£
£
£
148,888
124,015
136,046
4,580
726
-
153,468
124,741
136,046		 Total
2021
£
260,061
726
260,787

SADS UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

4 Charitable activities

Medical Retreats Conference Total Medical Retreats Conference Total
equipment 2022 equipment 2021
2022 2022 2022 2021 2021 2021
£ £ £ £ £ £ £ £
Other income 60,820 4,844 1,115 66,779 50,463 225 80 50,768

SADS UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

5 Other trading activities

**Unrestricted ** Unrestricted
funds funds
2022 2021
£ £
Trading activity income: other 161,089 28,865

SADS UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

6 Investments

Interest receivable

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
£ £ £ £ £ £
463 182 645 13 8 21

SADS UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

7 Other income

**Unrestricted ** Unrestricted
funds funds
2022 2021
£ £
Other income 720 896
Raising funds
**Unrestricted ** Unrestricted
funds funds
2022 2021
£ £
Trading costs
Other trading activities 159,244 18,490
159,244 18,490

8 Raising funds

SADS UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

9 Charitable activities

Costs of
generating
voluntary
income
Fundraising
costs
Charitable
expenditure
2022
2022
2022
£
£
£
Staff costs
110,348
-
-
Depreciation and impairment
-
344
-
Purchase of medical equipment
-
-
2,025
Research donations
-
-
11,860
Conference expenditure
1,056
-
-
Counselling
-
-
5,556
Promotional expenditure
5,969
-
2,714
Rent and rates
8,397
-
-
Computer expenditure
3,338
-
-
Other fundraising expenditure
6,118
-
-
Subscriptions
159
-
-
135,385
344
22,155
Share of governance costs (see note 10)
15,047
-
-
150,432
344
22,155
Analysis by fund
Unrestricted funds
150,403
344
22,155
Restricted funds
29
-
-
150,432
344
22,155
For the year ended 31 December 2021
Unrestricted funds
147,570
207
35,928
Restricted funds
545
-
38,792
148,115
207
74,720		 Total
2022
£
110,348
344
2,025
11,860
1,056
5,556
8,683
8,397
3,338
6,118
159
157,884
15,047
172,931
172,902
29
172,931		 Total
2021
£
119,048
207
62,454
9,219
32
3,047
3,587
12,070
1,420
1,815
159
213,058
9,984
223,042
183,705
39,337
223,042
183,705
39,337
223,042

SADS UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

10 Support costs

Support
costs
Governance
costs
£
£
Bank charges
-
345
Printing, postage and
stationery
-
3,818
Motor expenses and
travelling
-
228
Insurance
-
1,143
Telephone
-
1,594
Sundry expenses
-
669
Independent examination
fees
-
7,250
-
15,047
Analysed between
Charitable activities
-
15,047		 2022
£
345
3,818
228
1,143
1,594
669
7,250
15,047
15,047		 2021 Basis of allocation
£
301
2,466
374
1,136
484
33
5,190
Governance
9,984
9,984

Governance costs includes payments of £7,250 (2021- £5,190) for independent examination fees.

11 Trustees

During the year the following trustees received monies with respect to reimbursement of travelling / mileage expenses:J Jolly £113 (2021 : £115).

SADS UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

12 Employees

Number of employees

The average monthly number of employees during the year was:

Support
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2022
Number
5
2022
£
102,998
4,986
2,364
110,348		 2021
Number
4
2021
£
110,157
6,335
2,556
119,048

The number of employees whose annual remuneration was £60,000 or more were:

2022 2021
Number Number
- -

During the year none of the employees have received £60,000 or more.

During the year £46,200 (2021: £46,200) was paid to Ann Jolly, the spouse of John Jolly who is trustee and chairman of the charity for managerial work performed.

In addition to this the charity contributed employer defined contributions of £1,199 (2021: £1,598) to Ann Jolly's pension scheme.

13 Taxation

During the year SADS UK was trading in cabinets for defibrillators with any income re invested into the charity.

SADS UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

14 Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 January 2022 5,668
Additions 3,257
At 31 December 2022 8,925
Depreciation and impairment
At 1 January 2022 4,498
Depreciation charged in the year 344
At 31 December 2022 4,842
Carrying amount
At 31 December 2022 4,083
At 31 December 2021 1,170
15 Stocks
2022 2021
£ £
Finished goods and goods for resale 3,760 -
16 Debtors
2022 2021
Amounts falling due within one year: £ £
Other debtors 2,383 975
17 Creditors: amounts falling due within one year
2022 2021
£ £
Other taxation and social security 145 3,042
Trade creditors 2,331 -
Other creditors - 1
Accruals and deferred income 7,249 5,188
9,725 8,231

SADS UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

18 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Transfers Balance at
1 January 2021 resources expended 1 January 2022 resources expended 31 December
2022
£ £ £ £ £ £ £ £
112,631 136,055 (39,338) 209,348 4,138 (29) (129,048) 84,409

SADS UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

19
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2022
2022
£
£
Fund balances at 31
December 2022 are
represented by:
Tangible assets
4,083
-
Current assets/(liabilities)
391,865
-
395,948
-		 Total Unrestricted
funds
Restricted
funds
2022
2021
2021
£
£
£
4,083
1,170
-
391,865
344,252
-
395,948
345,422
-		 Total
2021
£
1,170
344,252
345,422

20 Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2022
£
12,000
12,000
24,000		 2021
£
12,000
12,000
24,000

The operating leases represent leases of £12,000 to third parties. The leases are negotiated over terms of 5 years and rentals are fixed for two years.

21 Related party transactions

Related party transaction details are included in the Trustees note above.

22 Cash generated from operations

Cash generated from operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase) in stocks
(Increase) in debtors
Increase/(decrease) in creditors
Cash generated from operations		 2022
£
50,526
(645)
344
(3,760)
(1,408)
1,494
46,551		 2021
£
99,805
(21
207
-
(975
(4,176
94,840

SADS UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

23 Analysis of changes in net funds

The charity had no debt during the year.