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|Trustees||Mr R D Hart||Resigned|10.03.20|
|---|---|---|---|---|---|
|||Mr G A Longhurst||||
|||Dr AJ Carroll||Resigned|10.03.20|
|||DrJ M T Pierce||||
|||DrJ R Wilkinson||||
|||Mr N JLapage||||
|||Mr C H Thomson||||
|||Mr G Oliver||||
|||Ms F LCooke||||
|||Miss C M Perdrisat||Resigned|10.03.20|
|||Mr N SG Scarfe||||
|||Dr T Bharucha||Appointed|10.03.20|
|Also known as||Wessex Heartbeat||||
|Chief executive officer||MrJT Munro||||
|Charity number||1116510||||
|Company|number|05924962||||
|Registered|office|Heartbeat
House||||
|||152-154 Tremona||Road||
|||Southampton||||
|||Hampshire||||
|||SO166HW||||
|Auditors||Westlake Clark Audit LLP||||
|||Unit 1,West Links||||
|||Tollgate Business||Park||
|||Chandlers
Ford||||
|||Hampshire||||
|||SO53 3TG||||
|Bankers||NatWest Bank Pic||||
|||1 Romsey Road||||
|||Shirley||||
|||Southampton||||
|||Hampshire||||
|||SO164GT||||
|Investment|advisers|Investec Wealth|&|Investment||
|||Midland
House||||
|||2 Poole Road||||
|||Bournemouth||||
|||BH2 5QY||||
|Solicitors||Stillwells Solicitors||||
|||6 Carlton Crescent||||
|||Southampton||||
|||Hampshire||||
|||SO152EY||||
##
|||||Page|
|---|---|---|---|---|
|Trustees'
report including||directors'|report|1-6|
|Independent
auditors'|report|||7-9|
|Statement offinancial|activities|||10|
|Balance sheet|||||
|Statement
ofcash flows||||12|
|Notes to the accounts||||13-22|
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|||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|2020|2019|
||||Note|6||6|6||
|Income and endowments||from:|||||||
|Donations
and legacies||||224,475|28,804||253,279|455,799|
|Other trading
activities||||135,445|17,743||153,188|231,599|
|Charitable
activities||||7,174|||7,174|14,584|
|Investments||||13,542|||13,542|15,491|
|Other||||38,878|||38,878|59,320|
|Total income||||419,514|46,547||466,061|776,793|
|Expenditure
on:|||||||||
|Raising funds|||||||||
|Costs ofgenerating|donation|income||174,225|||174,225|110,973|
|Fundraising
trading|costs|||135,767|||135,767|228,097|
|Charitable
activities||||131,301|5,814|12,571|149,686|335,379|
|Total expenditure||||441,293|5,814|12,571|459,678|674,449|
|Net (losses)l gains|on investments||13|(17,791)|||(17,791)|18,548|
|Net (expenditure)l|income|||(39,570)|40,733|(12,571)|(11,408)|120,892|
|Transfers||||47,859|(47,859)||||
|Net movement
in funds for||the year||8,289|(7,126)|(12,571)|(11,408)|120,892|
|Reconciliation offunds|||||||||
|Total funds brought|forward|||2,631,145|7,214|77,247|2,715,606|2,594,714|
|Total funds carried|forward|||2,639,434|88|64,676|2,704,198|2,715,606|
##
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|||2020|2019|
|---|---|---|---|
||Note|8|8|
|Fixed assets||||
|Tangible assets|12|1,230,466|1,233,030|
|Investments|13|504,427|514,033|
|||1,734,893|1,747,063|
|Current assets||||
|Stock|14|1,713|1,746|
|Debtors|15|41,668|46,777|
|Cash at bank and in hand||963,293|968,043|
|||1,006,674|1,016,566|
|Creditors falling due within one year|16|(37,369)|(48,023)|
|Net curent assets||969,305|968,543|
|Net assets||2,704,198|2,715,606|
|The funds ofthe charity:||||
|Endowment
funds|19|64,676|77,247|
|Restricted funds|20|88|7,214|
|Unrestricted
funds|20|2,639,434|2,631,145|
|Total charity funds||2,704,198|2,715,606|
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||2020|2019|
|---|---|---|
||6|f|
|Cash flow from operating
activities|3,145|59,630|
|Cash flow from investing
activities|||
|Dividend
income and interest from investments|13,542|15,491|
|Purchase
oftangible
fixed assets|(13,252)|(4,904)|
|Purchase ofinvestments|(68,988)|(48,832)|
|Proceeds from sale ofinvestments|60,803|70,643|
|Net cash flow from investing
activities|(7,895)|32,398|
|Net (decrease)/ increase
in cash|(4,750)|92,028|
|Cash at the beginning
ofthe year|968,043|876,015|
|Total cash at the end ofthe year|963,293|968,043|
|Reconcili|ation
ofnet (expendi|ture)/
income to net cash flow fr|om operating
activities||
|---|---|---|---|---|
||||2020|2019|
||||F|8|
|Net (expenditure)/
income for the year|||(11,408)|120,892|
|Depreciation
charges|||14,749|13,760|
|Dividends|and interest from investments||(13,542)|(15,491)|
|Loss from|disposal offixed assets||1,067||
|Losses/ (gains) on investments|||17,791|(18,548)|
|Decrease|in stock||33|1,139|
|Decrease/|(increase)
in debtors||5,109|(2,878)|
|(Decrease) in creditors|||(10,654)|(39,244)|
|Net cash|flow from operating|activities|3,145|59,630|
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|2|Summary
analysis|for donated|income|income|||||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment|Total|Total|
|||||funds
6|funds
f|Funds
6|2020
6|2019
6|
||Donations and legacies||||||||
||Donations
and gifts|||109,429|28,804||138,233|201,803|
||Legacies|||115,046|||115,046|253,996|
|||||224,475|28,804||253,279|455,799|
||Costs ofgenerating|donation|income||||||
||Donation costs|||145,927|||145,927|86,807|
||Support costs (see note 9)|||28,298|||28,298|24,166|
|||||174,225|||174,225|110,973|
||Net donations|||50,250|28,804||79,054|344,826|
|3|Summary
analysis|for other trading||activities|||||
|||||Merchandise|Fundraising|Trading|Total|Total|
|||||sales|events|income|2020|2019|
|||||6|8|6|6|f|
||Income from other|trading activities||259|147,091|5,838|153,188|231,599|
||Fundraising
trading costs||||||||
||Cost ofgoods|||180||2,758|2,938|4,446|
||Staging events||||117,109||117,109|199,485|
||Support costs (see note 9)||||15,720||15,720|24,166|
|||||180|132,829|2,758|135,767|228,097|
||Net other trading
activities|||79|14,262|3,080|17,421|3,502|
##
|||2020|2019|
|---|---|---|---|
|||6|E|
|Patient support services||5,525|13,458|
|Your Healthy|Heart checks|1,649|1,126|
|||7,174|14,584|
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|Investment
inco|me||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2020f|2019
F|
|Bank interest receivable|||||||||719|1,081|
|Interest from fixed interest securities|||||||||3,435|3,177|
|Dividend
income|||||||||9,388|11,233|
||||||||||13,542|15,491|
|Other income|||||||||||
||||||||||2020f|2019
f|
|Grant income regarding||Covid 19|||||||38,878||
|Re-imbursement|with regard to the fraud|||shown|in|the 2015accounts||||59,320|
||||||||||38,878|59,320|
|Expenditure
on|charitable||activities||||||||
|||||Education|||Prevention|Treatment|Total|Total|
|||||and|training|||and patient|2020|2019|
||||||f||F|support
f|f|f|
|Direct costs (see|note 8)|||||||69,289|69,289|79,286|
|Grants to individuals||||||640|||640|401|
|Grants to institutions|||||11,931||13,562||25,493|200,727|
|Governance
costs (see note 9)||||||3,540|7,080|24,780|35,400|34,251|
|Support costs (see note 9)||||||6,288|6,288|6,288|18,864|20,714|
||||||22,399||26,930|100,357|149,686|335,379|
##
|F129,600|)to restricted
funds|and f12,5|71 (2019:f15,961)to e|ndowment
funds.|||
|---|---|---|---|---|---|---|
|Analysis|ofdirect costs on|charitable|activities||||
|||||Patient|Total|Total|
|||||support
f|2020|2019
f|
|Heartbeat|House running
costs|||24,949|24,949|32,321|
|Heartbeat|House employment|costs||35,834|35,834|39,218|
|Heartbeat|House depreciation|||5,234|5,234|5,234|
|Your Healthy
Heart checks||||3,272|3,272|2,513|
|||||69,289|69,289|79,286|
##
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||||General|Governance|Total|Total|
|---|---|---|---|---|---|---|
||||support|function|2020|2019|
||||6|6|8|5|
|Salaries and related costs|||18,716|29,185|47,901|47,391|
|IT and equipment|||14,375||14,375|19,105|
|Insurance|||2,821||2,821|3,009|
|Training and staff development|||360||360|126|
|General office costs|||8,246||8,246|11,337|
|Depreciation
and disposal ofassets|||10,582||10,582|8,526|
|Bank charges|||2,279||2,279|3,419|
|Legal and professional|fees|||3,215|3,215|1,836|
|Accountancy
services|||26|3,000|3,026|3,506|
|Consultancy
fees|||4,760||4,760|4,932|
|Trustee meeting costs|||717||717|110|
||||62,882|35,400|98,282|103,297|
|Net incomel (expenditure)||for the year|||||
||||||2020|2019|
|This is stated after charging:|||||6|f|
|Operating
leases - equipment|||||2,271|3,045|
|Depreciation|||||14,749|13,760|
|Loss on disposal offixed assets|||||1,068||
|Auditor's
remuneration|||||3,000|3,480|
|Accountancy fees|||||26|26|
|Legal and professional|fees||||3,215|1,836|
|Analysis ofstaff costs|and|trustee remuneration|and expenses||||
||||||2020f|2019
L|
|Salaries and wages|||||264,458|265,280|
|Social security costs|||||19,823|20,769|
|Pension costs|||||3,752|3,109|
||||||288,033|289,158|
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|12|Tangible fixed assets||||||||
|---|---|---|---|---|---|---|---|---|
|||||Land|and|Computer|Furniture|Total|
|||||buildings||equipment|and fittings|2020|
||Cost|||8||8|6|8|
||At 1 October 2019|||1,522,608||88,357|70,351|1,681,316|
||Additions|||||968|12,284|13,252|
||Disposals|||||(28,622)|(3,044)|(31,666)|
||At 30September 2020|||1,522,608||60,703|79,591|1,662,902|
||Depreciation||||||||
||At 1 October 2019|||303,113||81,145|64,028|448,286|
||Charge for the year||||7,363|3,593|3,793|14,749|
||Eliminated
on disposals|||||(27,878)|(2,721)|(30,599)|
||At 30September 2020|||310,476||56,860|65,100|432,436|
||Net Book Value||||||||
||At 30September 2020|||1,212,132||3,843|14,491|1,230,466|
||At 30 September 2019|||1,219,495||7,212|6,323|1,233,030|
|13|Fixed asset investments||||||||
|||||||Listed|Other|Total|
|||||||investments|investments|2020|
||Market value|||||6|6|6|
||At 1 October 2019|||||514,031||514,033|
||Additions|||||68,988||68,988|
||Disposals|||||(60,803)||(60,803)|
||Revaluations|||||(17,791)||(17,791)|
||At 30September 2020|||||504,425|2|504,427|
||Investments
at fair value||comprise:||||2020|2019
f|
||UK Fixed Interest||||||99,549|127,380|
||Overseas Fixed Interest||||||43,838|43,197|
||UK Equities||||||49,139|52,681|
||European
Equitities||||||14,294|14,281|
||North American
Equities||||||36,060|24,364|
||Far East 8 Austalasian|Equities|||||14,366|15,052|
||International
Equities||||||76,045|75,335|
||UK Property||||||52,678|56,252|
||Emerging
Economies||||||13,131|12,015|
||Alternative
Assets||||||67,514|77,131|
||Cash held for investment||purposes||||37,811|16,343|
||||||||504,425|514,031|
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|14|Stock||||
|---|---|---|---|---|
||||2020f|2019
L|
||Merchandise||1,713|1,746|
|15|Debtors||||
||||2020f|2019
6|
||Trade debtors
Prepayments|and accrued income|700
40,968|4,782
41,995|
||||41,668|46,777|
|16|Creditors||||
||||2020|2019|
||||6|f|
||Trade creditors
Tax and social security
Other creditors and accruals
Deferred income||8,291
5,119
10,205
13,754|10,260
6,320
23,247
8,196|
||||37,369|48,023|
|||||2020|
|---|---|---|---|---|
|||||6|
|Balance
Amount
Amount|as at 1 October 2019
released to income earned
defened
in year|from charitable|activities|8,196
(8,196)
13,754|
|Balance|as at 30September 2020|||13,754|
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|18|Analysis ofnet assets between|funds|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|
||||funds|funds|funds|2020|
||||6|8|6|F|
||Fund balances at 30September|2020 are represented|by:||||
||Tangible fixed assets||1,230,466|||1,230,466|
||Investments||504,427|||504,427|
||Current assets||941,910|88|64,676|1,006,674|
||Creditors||(37,369)|||(37,369)|
||||2,639,434|88|64,676|2,704,198|
||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|
||funds|funds|funds|2019|
||6|8|6||
|Fund balances at 30September 2019are represented|by:||||
|Tangible fixed assets|1,233,030|||1,233,030|
|Investments|514,033|||514,033|
|Current assets|932,105|7,214|77,247|1,016,566|
|Creditors|(48,023)|||(48,023)|
||2,631,145|7,214|77247|2 715606|
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|19|Endowment
funds|||||||||||||
|||||||Balance|Incoming||Resources||Transfers|Balance||
|||||||1.10.19
f|resources||expended
f||f|30.9.20
f||
||The Heartbeat
Education||fund|||77,247||||12,571|||64,676|
||Endowment
funds - previous year|||||||||||||
|||||||Balance|Incoming||Resources||Transfers|Balance||
|||||||1.10.18
f|resources
f||expended
f||f|30.9.19
f||
||The Heartbeat
Education||fund|||93,208||||15,961|||77,247|
||This fund is to be used|for providing|||education|grants that|meet the objectives|||of the charity. The original||capital was||
||to be invested,
and the interest used||||to provide these grants.|||However,|due to|very low|interest rates, and|in|order to|
||meet the needs of the grant|||claims|for education,
the Trustees
have||||agreed|with the original
benefactor|||that the|
||original capital may be|used||in order|to provide grants.|||||||||
|20|Analysis ofcharitable|funds||||||||||||
|||||||Balance|Incoming||Resources||Gains/losses|Balance||
|||||||1.10.19
f|resources
f||expended
f||Transfers
f|30.9.20
f||
||Unrestricted
funds|||||||||||||
||General
fund|||||2,631.145||419.514|~447,293||30.D68|2,839,434||
||Restricted funds|||||||||||||
||MRI fund|||||42|||||||42|
||Heartbeat
House fund|||||3,307||2,507||(5,814)||||
||Dr Curzen
fund|||||3,526|||||(3,526)|||
||GP Liaison fund|||||293|||||(293)|||
||Heart Failure
Unit fund|||||46|||||||46|
||3D Printer appeal|||||||44,040|||(44,040)|||
|||||||7,214||46.547|~5,874||~47859,
88|||
||Analysis ofcharitable|funds||- previous year||||||||||
||||||Balance||Incoming||Resources||Gains/ losses|Balance||
|||||||1.10.18
f|resources
f||expended
f||f|30.9.19
f||
||Unrestricted
funds|||||||||||||
||General
fund|||||2,497,645||716.191|~528.888||~53,803|2.631.145||
||Restricted funds|||||||||||||
||MRI fund|||||42|||||||42|
||Heartbeat
House fund|||||||3,307|||||3,307|
||Dr Curzen fund|||||3,526|||||||3,526|
||GP Liaison fund|||||293|||||||293|
||Heart Failure Unit fund|||||||46|||||46|
||3D Printer appeal|||||||57,249|(129,600)||72,351|||
|||||||3,861||60,6D2|~129,600||72,351||7,214|
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