Charlty Roglstratlon No. 1116510 Company Reglstratlon No. 05924982 (England and Wal88) WESSEX CARDIAC TRUST REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDING 31 DECEMBER 2023
WESSEX CARDIAC TRUST LEGAL AND ADMINISTRATIVE INFORMATION Mr G A Longhurst Dr J M T Pierce Dr J R Imlkinson Mr N J Laplage Mr G Oliver MrNSGScarfe Dr T Bharucha Mr Bill 818ln M8 P lannottl Mr J P Evangellsta Mr P M Haydock Mr C Morr18 MRBum8 MrA Munden Mrs H Eyer8 reslgned 31no3 resigned 2119123 r•sbgned 2614124 appolntad 519123 apFolnted 5112r23 appolntsd 5112123 Akno known •• Chlof •x•¢utlvo 0ffl¢or Mrmlnd Charlty numbor 1116510 Company numb•r 05924982 Regl•tor•d offlc• Hearlbeat House 152-154 Tr6mona Road Southampton S018 8HW Audltorn Westlake Clark Audlt LLP Untt 1, IA*st Llnk8 Tollgaie Buslness Park Chandler8 FoTd S053 3TG Bank•r4 Natwesi Bank PIC 26 Above Bar Street Southampton S014 7DS Inv••lm•nt advl80rn Investec Vlealth & Investment Midland House 2 Poole Road Bournemouth BH2 5QY 8olkltorn Parls Smlth LLP 1 London Road Southampton S015 2AE
WESSEX CARDIAC TRUST CONTENTS Trust, report induding directors. rer#Jt Indepwthnt auditths. reF¥Xt 10 Balance sheet 11 12 Notes to the &counts 13-23
WESSEX CARDIAC TRUST TRUSTEES, REPORT IINCLUDING DIRECTORS, REPORT) FOR THE PERIOD ENDING 31 DECEMBER 2023 The trustees are pleased to present their annual report togothorwlth financlal stalamants of the charity for the p8rfod endlng 31 Decèmber 2023. The trustees have adopted the provlslons ofthe Statement of Recommended Practke {SORPI 'AGcountlng and R8portlrwJ by Charfltes. IFRS 1021 In preparing the annual report and financial statements of the charity. The Charity constltutss a public b8nefil enw 88 defined by FRS 102. SInlur•, gov•rnanc• and managomènt Gov•rnlng document Wessex Cardiac Trust Is a company Ilmlled by guarant8& govomed by 118 Memorandum and Artid88 of A880claon. It15 a rag15tered charity with the Charlty Comml8810n. Gov•rnlng body New tru8te88 are Identlfted by tru8teos and their recrultment 16 based upon the skllls and experfence that they can bring to the charlty wllh the board 8eeklng to provide the ¢harfty wlth a range of sklll8 In govemance and management as w811 as representatives from tha Wa88ax Cardiac Cantre and th089 wlth first hand experfence ol heart dlsease. Tru8ts• Indu¢tlon and tralnln9 Tru81888 have an Induclon tralnlng programme and Spend tlmo wlth the Chlef Executlve or member8 of the Senlor rnanagemant tsam to In¥ofve thom In tha work of the charty and the Wessex Cardlac Centre. Oryan18•tlonal man•g•m•nt The Iru8tee8 are legally re6ponsSble for the management of the rf8k8 faced by the charlty with the day to day runnlng of the charlty belng delegated to th? Chief Execullve who Is supported by the He8rtb8at Team. Th8 Chtef Execuove attends all meetlngs of trustees and regularly reports and updales the chalmian betrween the quarterfy meetings. Remuneration is reviewed for kay per80nnel through annual appralsal8. R•lated partl Vle88ex Cardlac Trust has a wholty owned subsldlary, W•88•x H•artboat Llmlted. Thls company cea88d to trade In 2012 and has remalned dormant. Rl•k manog•m•nt The trustees have a duty to Identlfy and rovi8w th8 rkS to which tho charity 18 exp088d and lo ensure appropriate controls are In place to prode reasonable assurance agalnsl fraud and error. Delalled considerallons of risk are de18gated to the Chief Executive and the Héartbeat Tèam. Risks are Idenlffied, assessed and controls establlshed throughout the year. A fomial revlew ol the charlty'8 rfsk management pr¢Kess is undertaken on an annual ba8ls and the key C(trol5 include.. comprehensive strateglc plannlng, budgetlng and management accountlng establlshed organlsatlonal stdure and lines of reportlng formal written poll¢les clear authoritie8 and approval levels full risk assessment for all major fundralslng events Through the risk rnanagefft process88, the iru8tees are Satisfied that the major rfsks klentified have been adequaiely managed where necessary. It Is recognlsed that systems Can only provide reasonable but not absolute assurance that major risks have been adequately managed. The main rlsk to the charity for the year under VIeW Is the current economic dimai?. and as a result the trustees have preserved the regerves of the charfty by not overspending the funds available to trn.
WESSEX CARDIAC TRUST TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDING 31 DECEMBER 2023 pur68 and actlvltlo8 The purposes ofthe charity are to relieve suffering from cardlovascular dlseases prfmarfly by supporting the work of the Wessex Cardiac cent based at Southampton General Hospital and working within ttte communlty of ttkg Wessex Reglon. This Is achieved by providing equipmenl services. and facilities to help pattents and their relatives through the Fxocess of treatment in the Centre, by funding research into the prevention. rehabilitation and cure of such dis8ases and by providing funds and lacilittes to train 8nd educate staff in the Centre. The trust achleves these obj.ects through 4 areas.. 1. Educallon and tralnlng Selectively provldlng funds to traln and educate staff in the Wessex Cardiac Centre ranging from supporbng attendees at conferences to funding training courses for medical slaff to enhance and advance their professional knowledge and skills. 2. Prevenllon Providing medic81 equipment and fvnding research on the prevention of heart dlsease to the Wessex Cardiac Centre. Both equipment and servws generally of a type that the NHS would Mt provide (for exampfe leadin9 edge or innovaiory}. 3. Tr•atm•nt and pallont 8UPPOrt IVning and operatlng a faci1Sty fr)r people with loved ones on the Cardiac Wards. Héartb&* House is 25 bedroom °home from home. adjacent to the hospital arKI provides accommodation for up to 35 people at any one time and is available to anyone who's Telative is an in-patient in the Wessex Cardiac Centre. Besides the purchase of t property, this provision is a bStantIal On-goi expense commitment for the ¢harity. Providing servlces wht¢h are fCSed on Improving the patlent envlronment, experlence and raislng standards ofcare and treatment. Rehabllltatlon Funding research on the rehabilitation and cure of heart dlsease. Alms and InteThd Impact Wthin these purposes, the charity's Primary goal is to improve cardiac care across the Wessex Reglon. The irust8e5 and staff have completed a Strateg review of its activit¢es with str8tegi¢ aims to: Contlnue tr> support the vital work of the Wessex Cardiac Centre to delrrfer the highest wssible quality of treatment and care for cardiovascular patlents throughout thelr lives., Support Ihe education 8nd training of all staff within the Wessex Cardiac Centro. Imprové thejoumey and experience of all patients and th8lrrelatfve$ treated within the Cardiac Centte", and Develop and fund servlces whlch offer prevention and rehabllltatlon acro$s the 14Ve$sex Ragion. The chaTity's role is lo raise funds to meet the unmet needs of the INessex Cardiac Centre In dellverlng Ihe best possible care for cardiovascular patients throughoul all stages of care and treatment supporting tha provision of. A huh quality, agelneed approprlaie pthnt experlence In an envIronfft most conducive to achievlng the best outcomes for everyone; An emotional and practical r8fuge for the relatives of patients vthile their loved ones are undargolng inpatient trealmenL This is the purpose of Heartbeat House and aceommodatlon Is offered free. Leading edgé equipmènt and Support active research In cardlac care to take forward medical advancements and malntsln the Wessex Cardiac Centre's status as a cantré of excellence. By focusing on these areas. we achievè our stratsgic priorlties whlch are then measured against budget.
WESSEX CARDIAC TRUST TRUSTEES. REPORT ICONTIMUED) FOR THE PERIOD ENDING 31 DECEMBER 2023 Obi•etivts lor th• y•ar Durin9 the year. the trust hal three rnai(x 1. Educatton and tralnlng To continue to promote and the aims oflkn HeartbeaL Year on year the charity supports cardiac Gare needs and worilies made kn(hYn to it through a prc¢ess of grants submissions, using unrestricted funds achieved through donations. community fundraising and events. In addition, the Trust continues to wonM)te the overrNJirwJ pwpose of charity as widely as possible throughout the Wessex Region. 2. Pallent support To continue to provKle nurse speoalist supwxt roles Tilhin Paedialrtc Palliab¥e Care arKI Cardiac Vbbrker in support of PsychotrJgical needs ts enh pa experien$ living with long term h&alth conditions and congenital hewt disease. 3. Troaknent- Heartbeat Ho To wnllnue to run and malntsln Heartbeat Hou8e. wovides a 25 bedroom 'PKxne from home. for up to 35 people whose loved or$ are undergoing treatm1 wtlhin the Cardiac Centre. Prln¢lpal actlvlll•s for tho Thethree obj'ectbves outlined atove. the rrAin prrn¢ipal a¢lpiilEs undertaken during tsyear. In addilion, the trust cOntind to support any aj needs for cr11p1 education or 94uipment in line with its purpose. Grant m•klng poll¢y Trust provides grants in ne with its oty&ts and forfijndng ttklt are identified from tirne to time. Ttr fall Into the folltylng categ. Educatron and trainiTrJ. WeitiOn. treatrnrt and rehabilitatson. Volunteers Th8 Trust has, since its establrshrf baen supp(xted by many wl1lw volunteers in furKlrai5ing and administration actNities of the charity. the trustees woukl like to take this opportunity to say how much they apwe¢i their (Thtinued arKI valuable suprth ts our%ryfl work in the communty. Publlc benefft Vlessex Cardiac Trust exists solety to wovide benefft to the public through on-goiThJ support to the Cardiac Unit helping it to achieve ts besi of ¢ardia¢ care. This is enabled by continuing lo upgrade and improve the facilities wrf(hin the Uni( provide accomnK)datw)n to rektpies of inpatients. vital education and tralning opportunities for staff, and through striving lo lo rrdic21 advanments through nvaluable The trustees confim that they tAve comF4led wllh Iher duty in se(lion 17($1 ofthe2011 Charltleskt to have due regard to guidan published by th? Charity Commiswn in respect of public benefiL Flnan¢l•l In8trum•nts The charities actNiti8sexpose it to a numberof financial risks, includiThJ uedit r&sK cash fl¢y risk and liquidty risk. Written principles the use of financkql derrrfatives are used to rnanage these risks. Credrf( risk is limited due to the Fvincipal fffwncial assets bery ba% balan arKI invesfvnts with high ¢dit ratings aigned intemational credit raling agencie& Ish Ilow rlsk Is prwnarity the risk of changes li inkrest rth, interest beariThJ assets and ]bIlle$ a held at fixed rate to ensure ¢inty of flryw. Liquidity risk is reduced due to dritY using a mixture of loThJ tem and short4em debtfinance to ensure that SUffient furKls are available far ongoing opwatThs and fure developn.
WESSEX CARDIAC TRUST TRUSTEES, REPORT (CONTINUEDI FOR THE PERIOD ENDING 31 DECEMBER 2023 A¢hlevomonts and p•rfomian¢• Vle have had a very positbve start to 2023 after a fragSle econ1¢ rewvery from the effects ofthe Covld-19 pandemlc, the war In Ukralne and the ¢ost-of-living crisis that followed. We have seen a retum to 8 full schedule of fundraising activities and events which has gNan dse to a 40% growth in overall income streams. This has enabled the recruitment of a new communlty fvndralser to penetrate tho l¢xal communlty markot further. During the year the charity: 1. Commllted £300,000 of support to several Grftical projects whlch Include8'. Contlnue to support and develop 3D heart modelllng for compllrAted congenllal heart dlsease In ¢hlldren Concluslon of the Paediatrie Palliatlve Care Nur88 8UPIrt whlch18 now belng funded by the NHS Concluslon of the Heart Failure Nur88 to provlde a Rapld Respon88 8er4lce In the communlty to reduce the length of tlme Heart Fallure p8tlents stsy in hospltal and relleve winter pressure8 on the hospital with successfvl ffjsults Supported a research project Into Identifying paents at rlsk of anglna and STEMI through marker8 of DNA damage and repair pathways Purchased wlre1888 HD Hoadcam to magnlfy and record complèx heart 8ur9ery Development of a Prehab116tstlon Servlce Trlal lflt for surgary) Fundlng of Cardla¢ Youth Worker to support psychoioglcal needs In cardlac patl8nts. 2. Contlnued lo run Heartbeat House wlth contlnued relurb16hment 8eelng the replacemenl of beds, headboard8, Curtalns and bllnd8 at a c08t of £18.000. Al80 rènderlng of the outslde, Improvements In dralnage, fire & water rlsk and general health & 8afety of the house. 3. Imth 2023 belng our 301h annlversary we Saw a full year of fundralslng wlth 8ucc888fv1 golf day8, lummer paty, autumn ball and our 8POrt8 and Challen evènts. Our hlghllghl bolng our Mu81cal8 from the Heart 8how at the Mayfiower Theatre wth our patron HRH Duche88 of Edlnburgh In attendance. Flnanclal Mvl•w A8 shown on the Statement of Flnandal A¢tfvlth on page 10, IrKome ftjr the p•rlod amounted to £804.867 {2022'. 411,0141, expenditure for thè period amounted 10 £783,43812022- £429,274), glvlng a t Increase In funds after gains on Invosknent of£43,351 {decreas8 2022: £93,570). At the end ofthe perfod, the charity's net 8889ts amounted to £2,878.942 (2022: £2.835,591). Tha charity pald £879 on behalf of Ihe trustees in relatlon to Indemnlty Irfjuran¢812022'. £868>. Golng concorn After revtewlng the charlty'8 forecasts And projections, the Board have a rea80nable expectatlon that the Charty has adequate reurCeS to continue In operational exlstence for the for69bh2 fuiure. The entlty therefore continues to adopt the going concem basis In preparing its financial 8tatemants. Prlnclpal fundlng •our¢ The principal fundlng sour¢88 of the charity are donatton8 from the general publlc, leoacle8, and through varlou8 fundralslng 8CtIv8S. Investment pollcy Funds are Invested to produce the maxlmum Income conslsient wlth security of capital and certainty of realisalion. Wtitrt hlstorfcally low interest rates the Trust's strategy is to invest In a iow to medlum risk portftjlio of assets that delivers a growlng level of Income balanced with the opportunity for capltal grovrth over the longer tem. Quarterty meetings are held wlth our Investment adv16ers to revlew investrnent pofftimiance against investmenl projections.
WESSEX CARDIAC TRUST TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDING 31 DECEMBER 2023 RM•rv•'8 polky It is the policy ofthe trustees to 8ecure the long-tem viability of the Trust by balancirMJ the ongolng obligations in relalton to the maintenance and upkeep of Heartbeat Hou8e, the various research activities or projects and the general support requlred by the Wessex Cardlac Centre. In addlllon, sufficlent Ilquld re8eNes need to be maintained lo meet all anticlpated $r-t6M7 needs, after allowlng for income from fundrai51ng activllies Ilkely to be received withln the qUired timescale and. Insofar as avallable fvnds are Insufficlènl fully to mgel the foregolng obJe¢fvos, to glve prfority to the short-tsrm needs except where that would require funds donated Specifically for endowment purposes to be utlll8ed contrary to the donorfs wlshes. Free res6Nes a those funds that can be rassed from assets that are readily realtsabte. less those funds whose are restrt¢ted. At 31 Dec8mb8r 2023. free reserves amunled to £545,80812022: £570,649). The Inl8nUon Is trj keep fr88 reserves above £500,000 whlch equates to two years running c08ts of the charfty. Any shortfall that may arlse In re8trlcted fund8 In the futuro would be substited by the free re8efVa8 available. The Tru8t prepare8 an annual budget for e8ch ilnanclal year outllnlThJ.' Anticipatad incomé for general and restrlcted funds; and Antlclpated 8xp8ndllure a880clated with all aspects of the charity's buslness. Som? may be committed expendlture on for example Heartbeat Hou8e malnt8nance,' grants exiendln9 over a on year perfod, th18 to l)8 taken from general or restricted fvnd$ as approprHte. Plan8 for th• futur• Heartbeat18 pa8slonats about Improvlng thè re for people lfvlng wlth heart ndItIOn6 wthln the area11 serves. Our alm Is to Improve the cardlac loumey and the patlent experlence of all patlents for whom the Cardlac Centre provldes care from diagnosls through treatment to aftercare. We r•cogn180 that patlents, lIb&in9 and outwme8 are Improved by.. Medlcal 8dvance8', A posltlve patlent exenCe In an envlfonm8nt conduclve to Indlvldual need,, Support for patlents loved ones whlle they are undergoing treaknent and Support for 8taff carfng for patlents. The $tr8teglc plan for next year includes the followlng prolects: 1. Prwontlon- £100,000 over the n•xt 3 y•arn A conts'nuation of communlty defibrlllator Installallons acro88 Hamp8hlre Includlng tr8lnlng to reduce morbldlty from cardlac arrests ond th& rfrlntroductlon of the Healthy H&art campalgn for the buslne88 & corporate o)mmunlty to help Idonllfy r18k factors such as hlgh chol88torol and blood pr88sure In preventlng 8ubsequent heart dlse88e. 2. Pr•habllllatlon- £200,000 01 th• n•xl 2 y•arn The Prehab. prole¢t seeks to prove the positive Impact of Ilght exerckse, good dlet and psychological support prtor to certain types of cardlac surgèry that wlll enable W'ents to recover quicker rtht- 8urg&ry, reduce recurrence and elongate Illespan; and 3. Trnatmont- £OOO.000 over tho noxt 2 y?•r• Funding the PICNIC research project arourKI Ihe effectiveness of stentlng artedes, Investment In th8 Heart Failure Unit at UHS, 8UPPOrting 'Little Hearts at Home, which will enable parents of 80rn8 infant cardiac patiènts to care for thelr Chlldren al home and the continuatlon In the grovrth of Cardiac Psycholog11 Support across all derrwraphics. 4. Patlent Support- £300,000 over th• Mxl 3 year• Improving the quality of Heartbeat Hou8e to include the rfrdeslgn and renovatlon of both the lounge and kitchen and dlnlng areas.
WESSEX CARDIAC TRUST STATEMENT OF TRUSTEES. RESPONSIBIUTIES The trustees, who are also the dlr8Ctors of Wessex Cardiac Trust for the purpose of company law, are responsible for preparing the Trustees, Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounting Practice). Company law requires the charity trustees to prepare financial stalements for ea¢h year which gNe a true and falr vlew of the stale of affairs of the Charity and of the inc¥Jrning resources and application of re%)urce5, including the income and expenditure, of the charitable company for that year. In prèparing those finandal statements. thè trustees are required to: seleci suitable accounting polic and then appty them conslstenty. observe the methods and principles in the Charlttes SORP,. make judgem8nts and estimates that are reasonable and prudent. state whether appllcabl? UK accounting standards have been followed. su4.ect to any material departures dlsdosed and explalned In the financial statsments,. and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue In business. The trustees a responsible for keeping proper aGcounting records that disclose with reasonable accuracy at any time the financial FW)sition of the charity and to enable them to ensure that the financial statents compty the Companies Act 2006. They are also responsible for safeguarding the assets of the Gharlty and hence for taking rèasonable steps for the prèvention and detection of fraud and otsr Irregulariiles. The trustees are [PonSible for the maintenance and integrity of the corporate and financial infomiati)n included on the charitable company's website. Legislation in the UK goveming the preparallon and disseminat¢on of finarla1 statement may differ from legislation in other jurisdictlons. Ststsm•nt a8 to dl8clo•ur¢ lo our audltorn In so far as the trustees are aware at the tiff of approvlng our trustees, annual report.. there is no relevant information, being irrfornti0n needed by the auditor In connecth)n w6th weparfng their repor( ofwhich the charity's auditor is unawarn., and the trustees, having made enquiries of fellow directors and the audStor that they ought to have Individually taken, have each taken all steps thal hel she is obliged to take as a director in order to make themselves aware of any relevant audit information and to establi$h that the auditor is aware of that information. On behalf of the trustees carfe-c li of Trustee8 Date..
WESSEX CARDIAC TRUST INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF WESSEX CARDIAC TRUST Oplnlon We have audlted the finarla1 statements ofwéssex Cardiac Trust forthe period ended 31 December2023 which ¢omprise statement of financial actlvltles, balance sheet and notes to the financial statements. including a summary of slgnlficant accounting policies. The financial reporting framework that h8s been applied in their preparatlon is applicable law and United Kingdom Accounting Standards, including Finan¢lal Reporting Siand8rd 102 The Financial Reporbng Standard applicable in the UK and Republic of Ireland (Unlted Klngdom Generally Accepted Attwntlng Pract). This report is made solety to the charftable company's mambars. as a body. in accordance wilh Chapter 3 of Part 16 ofthe Companles Act 2006. Our audlt work has boen undertaken so that we might stale to the Charitable canpany's memberyJ those matters we are required to state to them in an auditoffs report and for no other purpose. To the fvll&st extent pemiitted by law, we do not awt or assume responsibility to anyone other than the charitable company and the ¢haril8ble company's members as a body, for our audit work, for this report, or for the oplnlons we have fomw. In our oplnlon the finandal statement&. give a true and falr vlew of the state of the charitsble company's affairs as at 31 December 2023. and of tts incomlng resources and applicatK•n of resourw. including its income and expenditure. for the pariod then 8fKled; have b8en property prepared In accordance with United Kingdom Generalty Awted Accounting Practice. and have beèn prepared In accordance with the requirements ofthe Companies Act 2008. Ba818 for oplnion le conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and appfjcable law. Our responsibilities under those slandards are further describad in the Alit0$ responsibilities for the audit of the financial statements section of our reporL We are independent of the charitable company In accordance wllh thè athical requirements thatare relovantto our audltof thè financlal statements in the UK, Includlng the FRC'S Ethlcal Standard, and we have fulfilled our other eth11 reswnsibilities in 8ccord8nce with these requirements. INe believe that the audit evidénce w8 have obtsined is sufficient ar¢d appropriata to provrde a basis for tyjr opinion. Concluslons rnlating to golng ¢on¢ern We have nothing to reF#Xt In respect of the following matters in relation to whkh the ISA8 (UK) requtre us to report to you where: the trustees, use of t gcAng conrkm basls of a¢untinll In the preparallon ofthe financial staiemenis is not approprlate,. or the tntee$ have not dlsclosed In the financlal statements any Identmed maierlal uncertainties that may cast $ignrficant doubt about the charitable company's ablllty to contlnue to adopt the going concem basis of aA)UntIng a pèriod of at least efve mijnths from the date when the financial statements are authorised for issue. othor Inforniatlon The irust&&s are responsible for the other nft>rrnation. The other infomiation corrprlses the Infomiath)n included In the trustees. annual report, other than the financial statements and our auditorfs report Ihereon. Our opinion on the financial statements does not cover the other information and, eKept to thg extent otherwlse expliciuy stated in our report, we do not express any fom of assurance ¢on¢lusion theraon.
WESSEX CARDIAC TRUST INDEPENDENT AUDrroRS' REPORT (CONTINUED) TO THE MEPABERS OF WESSEX CARDIAC TRUST In wine¢tion th our audit of the financial State, our re¥MYr8ibifty is to read the other information and, in doing so, consider wthether the other InforTh0 is IrAterial inconsk%tent with the financial stslements or our knowledge obtained in the audit or otherwise appearyJ to be materialty misstated. If we identify such material inconsistencies or apparent rnaterial misstate[r. we are rwuired to deternine whether there Is a mateiial misstatement in the finanLid statew£nts or 8 material rrisst8teffent ofthe other inf0mtiOn. If, based on Ihe work we have perf0Mj, The conclude that there is a material misstatement of this other inf0MtiOn. we are required to report that frdcL have nothing to rel in this regard. Oplnlon8 on other mattern prn8crfb•d ty tho Companlos Act 2006 In our OpInn, based on the ¥•Drk undertaken n the course ofUE aud the inf0mtion gNen in the trustees, (rratIng the directors. report) prepared for company law purpose, for the financial year forwhich financiat statements are prepared is consistent wilh the financial statements; and the directors, reFWYt in¢lje within tttNstees' repNihas been yepared in accordancewlth app1Kae legal requirerrEnts. Mattev8 on whl¢h are rwulred to report ty oxwtton In the ligm of our kn¢)wWge and Undend1 of the chariiable and tts envmnrr¢nt obtsined in the course ofthe audit, we have identified nria m1sstatents in the trustees. rep have nothing to report in respect of the folltrwing ffotters in relabon io which the C(ryanies Art 2006 requlres us to reFxyt to you if. in our oiyniM'. adequate aw)unting red$ have rttx been kep( or retwns ad•]uate for ow aLKIIt have not been receNed from branches not visited by us., or the financial s1ateffnts are not in agreenRrt ryth tr¢e actountiNJ re(J)rds and retums: or certain disckisures of dirIrs. remuneral)n sed ty law are not made: or we have not e1Ved all the infomHtion aThJ eyplanations we require for tyjr a1( or the trustees were not entitled to wepare the financial statements in aca)rdance wilh the small npanies. regime and take advantsge of the sThHII cnieS. exemptv)ns in weparing the trustees, report and fmm the requirenRrt to wepare a Strateg ieFrfrt R•spoMlbifffjes of trust••s As explalned nlxe futy in the trustees, responsibilitles slatement set out on page 6, the tntee8 {who are a150 the directors of the charilable ¢onyny the purFwxes of cowyany law) are responslble for the preparath)n of the finanaal staternents and for bn9 satisfied that they give a true and fair view. and for such intemal control as thetrustees detemiine is r*cessary to enablethe preparation Offinancl statements In preparing the finanaal statenxnts, the trustees are respMsibk for assessing the charilable company's ablty to continue as a going wn(, dixlosiThJ. as applicable, lter$ related to going o)ncem and usirKJ the going concern basis of accounting unless the trustees either intend to liquKlate the charitable company or to cease operations, or have no realistic altemative Ixrt to do so. Irregularltles, inthdiw fraud. are Instan of with laws and regulation& deswJn wocedures in line with our respoNbilities, ¢xrtlined above, to de materil mi5slatements in respect of 1rul8r111es, including fraud. The extent to whth our edureS are capable of detect1 Irregularitles, including fraud ts delaiw belthv.
WESSEX CARDIAC TRUST INDEPENDENT AUDITORS. REPORT (CONTINUED) TO THE MEMBERS OF WESSEX CARDIAC TRUST Our approach to Identlfylng and assesslng the rlsks of material misstatement in respect of Irregularltles. induding fraud and nonrycompliance wlth laws and regulations, was as follows.. th? engagement partner ensured that the engagement team collectle1Y had the approprlale tsJmp8tence. ¢ap8billtles and skllls to Identlfy or re¢ogn168 nonkncoffyllance wlth appltcable laws and regulations; we identified law8 and ragulatron5 applicgble to the through dl8cus8lons wlth the trustees, and from our understandlng and experienca of audlt Issues which are relevant to ¢harfty; we focuséd on specific18W8 and regulatlons which we consldered may hav? a dlrecl nwlerlgl effect on the finandal statements or ihe operations of the charrty: we assessed tha extent of compllance wllh the laws and regulations through maklng enqulrle8 of the management team and Inspecting legal correspond8nce: and,. Identified laws and regulaltons were communlcaled wlthln the audll team regularfy and the tsam remained alért to Instan of non-compllance throughout the audlt. Vle assessed Ihe susceptlblllty of tha charlty's financial statements to matsrfal ml88tat8m8nt, IncludiThJ obtalniw an understandlng of how fraud might occur. by: Audit Procedu undertaken In rospon8e to the potential dsks reladng to Irr8gularflS88 (whtch Includ& fraud and non-compllance wllh laws and regulatlon8> which comprfsed Inqulr4e8 of management and the Board of Trustees as to wholher the charlty complies wlth 8uth laws and regulations; enqulrfes wlth the Same concamlng any athal or potentlal Iltigalton or clalms; in8pection of relevant legal ¢orre8pondence,' revlew meeting minutes; tesllng the appropflatene88 of journal entrl8s,' and the rf0nneé of analytic81 revlew to Identlfy unexpected movements In account balances whlch may be indicatlve of fraud., documontallon and revlew of Ihe Intsrnal control8 over funds re¢elved and expondlture pald ou¢ 8ampllng and testlng both income and expendlture tran8actton8 for acoJra¢y and compleieness; revlew and audSt ba8ed anaty81s of the undodylng accounttng rerds. checklng and 88mpllng accounllng data back to orinal 80urca documents. No In8tance8 of materlal non4omplrance wer8 Identified. However, the Ilkellho¢)d of detectlng Irregularltle8, Includlng fraud, Is limited by the Inherent dlffi¢ulty In delecllng Irregularltla8, the 8ffectlvene88 of the 8ndty'8 controls, and the nature, tlmlng and extent of the audlt procedures perfomwd. Irreoularltles that result from fraud mlght be Inherently morè dlfficult to dete¢l than irregulafitles that r85uIt from error. A8 explalned above, Ihere Is an unovoidable rfsk that materlal ml88tatern8nts MAY not be detected, even though the audlt ha8 been planned and performed In accordance wlth ISA8 (UKI. AudltoV• rngpon•lbllltlo• lor tho audtt of th• fln•ncl•l •tstem•nts Our obleclves are lo obtain reasonable assurance about whether the ffinancial statements a8 a whole are tree from material mls8tatement, whether due lo fraud or error, and lo Issue an audltor's report that Includ88 our oplnlon. Reo$onable a$8urance Is a hlgh level of 88sur8n¢e but Is not a guarantee Ihal an audll conducted In accordanL with IS4s IUKI will athys detect a materlal ml$ststement when 11 exlsts. Misstatements can arlse from fraud or error and are considered rnaterial ff, individually or In the aggregate, they could reasonably be expected to influence the Konomlc declslons of users taken on the basls of these financlal statements. A further description of our r8spon8ibilittes is located on the Financial Reporting Council's website at WW4V.frc.org.uklauditorsresponsibillttes. This description forms part of our audito18 report. rkngan•rd•n Plllay Cholv•nalgum (8tatutory Audltor) For and on hall of Westlaka Clark Audlt LLP Unit 1, West Link8 Tollgate Busil88 Park Chandlers Ford S053 3TG Date.. .LS .0.6.
WESSEX CARDIAC TRUST STATEMENT OF FINANCIAL ACTMTIES (INCLUDING INCOME & EXPENDITURE ACCOUNT) FOR THE PERIOD ENDING 31 DECEM8ER 2023 Unrestrl¢tsd R¢strlctod Endowmont fund8 funds funds Total 2023 T¢)tal 2022 Incom• and •ttdowments from: D¢>nallons and legacles Other trading a(ti¥ities Charltable activlU88 Investments 295.878 299,782 15.431 38,837 135,185 20,754 431,063 320,636 15A31 3637 1.000 183,614 202.841 3,446 14,113 7.OlJO 1.000 Totsl Incom• 647.928 156.939 804867 411.014 Exp8ndlturv on: Ralslng funds Costs of generaling donatlon irKom• Fundraislng tredng costs 217.363 265.e99 217,363 264699 141,575 145.894 Charliable actlvltles 131.148 189.228 300,376 142.005 Total expendlture 614,210 169,228 429,274 Not {lossosy galns on investsnents 13 21,922 21,922 175,310) Not lexpondltyrny Incomo 55,640 112.2891 43,361 (93,5701 Transfer5 168,93S) 68.935 Net fflOVOmgnt In fvnds for th• y•ar {13,295) 43A61 (93,570} Rocon¢lllaOon of funds Total lunds brought foThvard 2,808,955 26,636 2,636.691 2,729.161 Total funds Carr1 forw•rd 83.282 2,678 942 2.e35.591 The 8t*ment of financlal actlvlties indud•s all galn$ and10588s ra¢ognlged In the perk)d. All Income and expTh1ure derives from continuing aCtstIes. 10-
WESSEX CARDIAC TRUST Company no. 06924982 BALANCE SHEEr AS AT 31 DECEMBER 2023 2023 2022 Tangle assels 12 13 1.237.335 812 616 1.287.464 770.842 1049.861 2.038.306 Current •s•ots Stock 14 15 2.088 45,440 659,300 706,828 46,180 626.160 674301 Cash at bank in harrtj CredltsN8 falllng due T*lthln one y••r 16 {46,110) 1109.543) 629.091 $97.285 2,635.591 The funds of tho charlty. 19 28,636 Unre8trtded funds 1695,600 2,808,955 Tolal charlty fvnd• 2.635.591 Act 2006 relallTrJ to Small Lthaiilth coThrpanie& Mr N S G Scarfe. Clwir rfTn f (b[29 11
WESSEX CARDIAC TRUST STATEMENT OF CASH FLOWS FOR THE PERIOD ENDING 31 DECEMBER 2023 2023 2022 C•$h tlow Irom op•ratlng ac¥111•$ 147,204) 138.539) Cash Ilow frnm Inv•8tlng a¢llv5ti Dlvtdend Income and Intere8t from In¥gslmonts PurGha8e of tsnglble fixed asset¥ Purchase of Inv88tments Proceads from Sale of In¥e8tm•nl8 36.837 13,021) 1140,6OB) 120,863 14.113 (73.458) 1415,751) 106.083 Net ¢uh flow from Invo•tlng •¢tlvlll 14064 1387.011) N•t Id•crnaB•y Incr•a•• In rA¥h (33,1401 1405.550) Ca8h at th• b•glnnlng ollho wrlod 859,300 1,084,850 Totsl ¢a8h at th• •nd of th• p•rlod 859 300 R•¢onclll•tlon of not l•xp•ndllur•ll In¢om• to not ¢a•h flow from 0ratIng a¢tlvltl 2022 N8t18xpondlturay Income for tho year Depreclauon th8rge8 Dlvldends and Interest from Inve8tm•nl• Loss from dl8po$o1 of fflxed a88et8 L0881 Igalnl on investments D•¢rea$o1 {Incre88el In 8trKk (Increasey dgCTea8e In dobtor8 ID8crnasey Increase In ¢redllors 43,351 32,776 136,8371 374 121,922) 227 17401 (64,4331 193.570) 24,563 114,113) 75,310 1246) (8,675) (21,808) N•t ca•h flow from op•rallng actl¥ltte8 12.
WESSEX CARDIAC TRUST NOTES TO THE ACCOUNTS FOR THE PERIOD ENDING 31 DECEMBER 2023 ACCtIng polld Wessex Cardkc Trust Is an inCorpated chaiity knied ty wantee in Eryland. Tre addr8S8 ofthe rngl8lered offlcelg given in the charity infonnatM)n at the frcrf dthese fin491 s1eme. The rkn ofthe opwaUon8 8Th1 priwpals are detJ on page 2. The charity lstitUteS a benefft enffty as defined ty FRS 102. financlal stateMts have been prepared in aLWTdance with Accounting Rwting Cle$. Stat&1 of Practtce appllcablè to charilies preparing their amnts in aco¥d ¥th ts FtrwKial ReprxtNd Standard applcable in the UK and Republic of Irdand IFRS 102) (effe 1 January 2019) - {Ch•ities SORP {FRS 102)). the FM¢ial Reporting Standard appl¢cable In the UK and Repubk of Ind (FRS 1) arml the Charilies Ad 2011. Ihe Companie5 Act 2006 and UK The Company 1$ a parent c(%T•nY * lo srrAIt compantes Tefft. Thg c4)ny3ry arKI fts $ubslthary comprf80 a small grow). The CoMY has taken knrtsge oftr opkn Section 398 of the Companies Ad 2006 not to bl In¢(xn• Donati irwme, legaoes and grfts are recognised there15 entlik to the fwxls. of receipt arKI the fundrwing events recognised in the month the event occws. d interest Is IndLwled the amtyjrt be rneasu relsaw. Internst ino)me is recognised using the ably and the charfty has ntrol +yrfer Ilem. Far vakn kn d*ermind cm ts b3si$ of the Va ol thè gift to the c) Fund accounllng Restricted funds are siw io speofr by dorm as to h(Yw may be u9ed. The J$e5 arKt uses ofth? reslricted fund8 are set OLrt in the rth to the ac¢(yJiis. 13-
WESSEX CARDIAC TRUST NOTES TO THE Accoupifs (CONTINUED> FOR THE PERIOD ENDING 31 DECEMBER 2023 d) Expgndlknrfj •nd VAT Expenditurn is a¢wuntad ffx on an ac¢nJals ba818 4wgad aptnsts the cost c4tewy M rdats8 to. Dlrect dwritab grants are rwnJsed as exp•nthure ¥th•n a IW or con81nth obfjgtiti to make grat)ts out of exb8ting fund¥ haB been occeptsd and apwo¥ed by the tru8tee8. Cc¥nftitmeth outsIng at the balan¢8 sheet date are included within creditors. through ¥gle of mercr1n9 and fundTrisNwJ ¢rtI. Support •ts Inchmle (xntr#l costs irwred. Wlw• pth, these been dwecuy atth)Lrt•d to a parttvjar advlty. Illhere the ¢>)sts ore not obl8 to be altrlyAed dtr•cUy. ltr have bwi alocal•d to CO cthgoth on • conil8tent •) op•rIng IM• The drity da¥¥ine8 the k••0 of eq11 lea•eJ. th• to tho •qUInt remoln8 th• 1088or and rental dwrges are Char on a strabght IIM batts tem of the la•M. Tho •qulpmant Is le•C•d every S yearn, whll the eCorMk Ile for equlfv 10 yew n Tanglble fixed •M•t8 on a Jtr•lght Iln• a8 fotkThbs'. Freehold bj1[r&S C¢)mput•r equlpment Fumlture and tmn 0.5% on ia)•t 26% M ¢ost g) Flx•d a•••t In¥Mtm•nts LIBted Invethients are InclLthd at dolkw ai bl1w th•ot d•to. kny gn or Io•• f)n rnv•lu•kn l• Inve8knents In subsltharfes we measurnd at c(Ai Its• Mnpthth)L h) 8tock Sts¢k l• Indud•d at the ofco ond rnt r••habkn l) Debtorn valuod at th• amount prykl. J) Bank and c••h In hand Cgsh •t b•nk In Inchthi ¢•th •1 •hryt l•mi Iqd • lhort Thwturlly of1• th•n 3 k) Cr•dltov• and provl•lon• Crethlorn provi¢ are r•cowlMd the (*wity r•wMlng from a p•81 went that wlll probabty re In Ihe paynwnt to 8 Ihird paty WKI the an)wrt to setue Ihe Obligati can be measured relw. Taxatlon m) Pemlo nl SlgnllkaAtJudgthii•nts and accowthw a8llm•t•B 14-
WESSEX CARDIAC TRUST NOTES TO THE AccouKfs (CONTINUED) FOR THE PERIOD ENDING 31 DECEMBER 2023 summary •n•ty818 for d¢)natod Incom• Unre8trlGtsd RoStrf¢tsd Endowmont funds Funds Totsl 2023 Total 2022 Donallon8 •nd1og•d Donatlons and glfts LeclaS 17T.095 118,783 135,185 312,280 118,783 128,359 57.256 295,878 135,185 431,063 183.815 Costs ol g•n•ratlng donatlon In¢omo Donatlon costs Support CO818 {8ee note 91 169,948 47,415 169.948 47,416 109,051 32.024 217.383 217,383 141,575 Not donatkn• 135 185 213700 Summiry analy•l• for oth•r tradlng •ctlvlil Merch•ndl•• Fundrnl•lng Trndlng Incom• Total 2023 Total 2022 In¢om• fmm oth•i tr•dlng •¢tl¥ltl•8 311781 Fundr•hlng tradlng ¢o•l• Cost of goods Staglng events Support (8•e not• 9) 3.638 3,956 7,692 231,768 26.341 2,634 125,289 17,791 231,788 26,341 3,638 258.107 3,958 206,699 145,694 N•t other dIry1 •thltl•• 837 Of the £320,536 InMmo, £299,78212022: £198,017) wa8 chvged to unrastrfcted fvnds arKI £20.754 (2022.. £8,824) to re6trkted fiThlB. All of th• £285.899 exp8ndliure {2022'. £145,694) wa¥ ¢h8rgod to unr08tr1ctod fund8. Inmme from charltabl• acll¥ltl•8 2023 2022 Patknt 8UPPOrt 8•Thfjca8 U8e of Hgartbeat House16 free. wlth the exeptton of a koy deposit chargo and w of laundry 8orkn. l• Ind1•d In pollent 8UPPOrt Inc4Mne. 1S.
WESSEX CARDIAC TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE PERIOD ENDING 31 DECEMBER 2023 Inv•8lmont Inm0 2022 Bank Intere8t recetvable Inteiest from fixed Interest 8ecuriile8 Dlvidend Income 8,633 3,986 24,218 461 2.351 11,312 36,837 14.113 Olh•r In¢om• 2023 2022 Grant Incomg 7.000 Exp•ndltyr• on charltabl• actlvttl Educatl¢)n Pr•v•nllon Trnatment and tralnlng and ptttlènt 2023 2022 Direct costs {¥ee nok 81 Grants to Indivlduals Grants to Insthutsons GovgmarKe costs (see note 9) SupFQrt costs (see note 91 119,319 119.319 225 109841 39,781 31.610 60,559 1.491 33,015 25,592 21.348 225 18.611 3.978 10.$36 64,705 26,125 27,847 10,537 10,$37 33.350 83.198 183,828 300 376 142,005 All grants for tralnlng and medkal equlpment In the year were to Instltuilon8 In p8rtkular Souihampkn General Hospital £109.44112022: £30.4631 and the rem8lndér were to inrfwidual$. Of the £300,376 expendliure. £131,148 {2022'. £135,971) charged to unrestrlctad funds, £169,228 12022: £4,377) to restricted funds and £0 {222.. £543) to end¢y*rnt funds. Analysls of dlroGt Go¥ts on ¢h•rftablo aGUvlUo9 Pallgnt 8UPPOrt 2023 2022 Heartbeat Hoe wnning costs Heartbeat frk)LAe emOyMent costs Heartbeat Hou8e depreclallon 57.964 56,121 5,234 57,914 56,121 6334 25.124 30.201 5,234 119.319 119,319 60,559 Heartbeal Hou8e has 25 bedrooms, comfortth lounge area5 arKI home from h¢)me f•¢ilitie$ for relatNe8 of Wients undergoing trealment kn the Wessex Cardiac Unlt. 16.
WESSEX CARDIAC TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE PERIOD ENDING 31 DECEMBER 2023 AnalyAts of gov•rnance and wpport colts Th• Tru$t Inltlally kl8nlfi•8 th• cost• ol Its 6Port lunctEon8 and klentMe8 those costs whlch relate lo the goveman fun¢tlon. Support aro apportiongd separately between the key charllable acllvltle8. Gen•rnl G¢)vern•n¢o support funGtk)n Total 2023 Total 2022 8010rfé8 and related co8t8 IT and equipment Insurance Tralnlng and staff davalopmtnt General office co8ts Do$110n ar#1 d$po8al of 0800ts Bank charges Legal and profa88loMI fa•• Audlt fee8 Cornullancy fea8 TNstee meetlng 30,794 16,246 3,307 920 13,750 27,918 2,949 33,990 41.153 13.031 2.186 18,248 3,307 920 13,750 27,916 2,949 2,491 3,339 9,274 169 8.051 19,329 2,545 2,491 3.31x1 9,274 189 5.790 14 147 10 Not Ineom•l l•xp•ndlturn) for th• •1 2023 2022 Thls Is stat•d after ¢*orglng.' Opraung le8888- equ1nt Dopre¢ldon L088 on dlsposal of fixed a88ets Audllorf8 remunerallon Account8n¢y fo08 Legal and profe881onal fèes 873 24,583 32,776 374 39 26 882 11 AMly•h ol staff ¢o•t• and tru•ts? rnmunerallon and ?xpon•o• 2023 2022 Salartes and wag88 So¢lal 8ecurfty costs Pen8lon Costs 329,878 24,812 4142 207,699 14,642 2,385 224 725 Two member8 of 8t8ff h8d emoInents between £eo,000. £70,000 (2022: 11. Ths average number of employees durfng the wiod vrns 7 (2022.. 7). There were no tNste8$' rneratIOn LY othar benofil$ fw th• pedod12022.' £nll). The Ingolng and OLrtgolng thief exeGuli¥e offi¢erf$ totsl employee benefit8 for the porlod wern £112.728 (2022: £74.867}. We pald a lemnaknn payrnent of £33,9TI durlng the pwknd. 17.
WESSEX CARDIAC TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE PERIOD ENDING 31 DECEMBER 2023 12 T•nglble fixed •88ets Land and bulldlng8 Computsr Iqulpment Furnlturo and flttlngs Totsl 2023 Cost Al 1 OOber 2022 Additions Disposals 1.522.608 20,711 500 (148} 148,530 2.521 1,691,850 3,021 (7481 At 31 December 2023 20,463 151,051 1.694.123 Depreclatlon At 1 Octobw 2022 Charge for the year Eliminated on disposa 325,202 9.204 16,519 1.919 {374) 24,386 32.776 (374 21,653 At 31 D•comb•r 2023 334,406 18.064 104,317 466.788 Net Book Valug At 31 D8¢wnber 2023 1.188,202 2,399 46,734 1,237.336 At 30 September 2022 65.866 13 Flxed a880t Investmgnts Llsted Othèr Inveslments Inv•stm•nts Total 2023 Marknt value At 1 O¢tober2022 Addibor Disposal$ Revaluations 770,840 140.605 (120,853) 21.922 770,842 140,605 1120,8531 21.922 At 31 tlecembgr 2023 812 514 81 Inv¢•knenls at falr valu• conykne: 2023 2022 UK Fixed Interest Overseas Flxed Interest UK Equities European Equlttes NoJ1h Amerlcan Ewlles Far E051 & Austslaslan Equlll8s Intematlonal Equities UK Pwopety Emerglng Ecor#)mias temdve Assets Cash held for investment purp08es 102.769 187,550 9B.563 16.721 79,187 16.994 69,408 60,259 11,299 150.592 40,184 73,956 173.873 90,609 14.735 73.695 15,486 72,184 148,722 51,236 81 614 770 840 18-
WESSEX CARDIAC TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE PERIOD ENDING 31 DECEMBER 2023 13 Flx•d •88et Invo8¢mènts contlnu¢d Other Inve8tm8nts are measured at C081 le83 IMpalmtt on bas IP4t ttw Wrnt shares in litIeS that are not publicly traded arKI the falr ¥alu& wnot clhernryse be measured relkly. Induded in other Investments is 8 lo holdlng in the 0rdirry share capital of We¥8ex Heartb8at Llmlted regl8ted office addre88 152-154 Tramona Ro8d. Southampton, UK. At the year erKI, tho aggregate capital and reserves of the company amounted to £2 and profit forthe ygar amounted to £nll. 14 Stock 2023 2022 Merchandlse 15 Debtor8 2023 2022 Trade debtors Prepayment$ and amed income 13,340 32,840 3,380 42.060 45.440 16 Cr¢dftov8 2023 2022 Trade creditors Tax arKI 50aal $e¢urity Other credilors and accruals Deferrgj income 18,949 12.778 9,221 4162 19.882 5.892 76.465 7.704 109.S43 17 Deferrnd Income Deferred trQMe comws8s of advance ticket S8185 of events oc¢urrir¥J aft•rtho year end. 2023 Balartce as at 1 Oclober2022 Amount rel•asad to Income eamed from CharItab acllvllles AM0 deferred in period 7,704 17,704) 4,162 Balance as at 31 De¢emter 2023 4.162
WESSEX CARDIAC TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE PERIOD ENDING 31 DECEMBER 2023 18 Anaty8h of n•t aM•ts b•t¥M•n fvnds Totsl 2023 fund# Tanglblo Ilxed a8•¢t• 1nv08tmts Current a88ets Cffjdltors 1237.335 812.516 5W,919 145.110) 1,237.336 812,616 674.201 83282 Tot•1 2022 nd• lund• fund• TangiiN• fixed 488el• Inv¢8tmonts Current a88ets CrodEtorn 1,287.464 7TO,842 680.1W2 (109.5431 1,267,484 770,842 708.828 (109.5431 28.636 28.638 2 635 $91
WESSEX CARDIAC TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE PERIOD ENDING 31 DECEMBER 2023 19 Endowmentfundj. pr•vknu• yr Balan¢0 In¢omlw R••ourco• Tran•f•rn Balanco 1.10.21 r••ourco8 •xpendod 30.9.22 The Heartb••t Edu(xUon rKI $43 543 TNS fwml 18 to b& u•ed for FKovldlng eduOn gr that meet tho oblecVe5 of ch8rfty. The ortglnal cwal wa• to b8 Invested, and Intern81 used to wovld8 thfj grants. How8v8r, duo to very l¢w Intsre$t rate•. 8nd In order to meet the need• of the grant clalms for educatton. the TTU8t808 havo agraad wlth thg 09nal b•nefador th•t the orfglnal ca1 may be u8oil In ord•r to provSdo gran 20 An11kn of charltsbl• nd8 Blnc• 1.10.22 Incixnlng Regour¢oB G•ln•lloBw B•knnc• rn•our¢M •xp•nd•d TMn#f•rn 31.1123 Unrnotrlct•d fund• G•n•r•l fund 614210 2 016 660 Rg•trl¢tsd fund• MRI lund Heartbt Houm fund He8rt F•llure Unlt fund 3D Prtntsr •pp•al H••lthy Llvlng Centre APW Paedlatrtc P•llLg1fv• Cllnlc•l Nurn• •ppoal Prehab pllot Expl4ln my procedure app•41 Cardlac YoLrth Worker •ppeal Wlrele88 HD H••dcAm •pwl 42 25,313 46 79,723 {88,83n {3,299) {4,002) 38,300 2,245 (11,828) 82,414 20 248 46,084 257 237 2,228 (1,250) 20 12,500) (44,658) 119,200) 120,3941 18.5401 45,908 18,084 7.979 6.S26 12,415 15 AMty•l• rf charllablo pw•vlou• year B•lafi¢• 1.10.21 Incomlng R•80¥ G•In lo•M• B•l•nc• ro•our¢M •xp•nd•d 30.9.22 Unrn•trkt•d Gen¢ral fund 2 721207 2 608.955 Re¥trlct•d fund• MRI fund He8rlbgat Hou88 H•art Fallure Unlt fund 3D Prfnter appaal Heathy Living Centr• ap41 Paedialric Palllallve Cllnlcal Nurse •Pp1 Prehab pilot Explaln my procedure 42 5.300 42 26,313 23.100 (3,087) 14.164 187 255 (14,1841 237 2,228 {1,2501 20 1,973 {1.2501 20 4.33 14,164 -21.
WESSEX CARDIAC TRUST NOTES TO THE Accouwfs (CONTINUED) FOR THE PERIOD ENDING 31 DECEMBER 2023 20 Analy81$ of charl1ab fund• ¢onllnu•d MRI fund This Is to be used forlhe puw of re8•wch Into MRI and the acquisition of r¢lated equipnkrt Hrtbfrat H¢)u80 lund Used for the general purp08e8. malntenance ar#1 Improvement of buikling¥ aThJ tsGilities of HeortW House. Heart Fallure Unltfund Thls Is to be u8e(I for the Heart Fallurn Unm and Improve heart fallwe ser4ke In communtty. 3D printer uIpment iN allcy•V surgeorn to get an axurate 30 prfnt•d model of a patient's heart before ¥LYgery. gmng a(Idibonal insights for corwtive surgery and Improving peace of mlnd to patlents and thelr famllles. Hulthy Llvlng C•fi pp••l flw We woukl like to build a Healthy Living Centre for prevention, prehabTlltation (fft for surgery) and rehabilrtation of cardiovascular dlsea¥e, to indude coUatron rooms, gymnaslum, wofessional kltchen, changlng nJom8 and office8, w6th access to fitness, nutrltton and well being professi¢)nais. Poedlatrlc Palllatlve Cllnlc•l Nurno ap1 fund The Paeiliatrlc Polliative Clinical Nurse Speclalist vlll enhance the Patnt and famity exp8rignc8 of those 7Mlh life lthnhlng condlttons wi probryding more acco88 to support from the Paedlalrfc PallIati Care Team. Prnhab pllot To demonstrate relationship belween cardiova5cuFar fitness and perioperative su11$ follo%%4ng rdIa¢ suryery. The OLrt¢omes will be used to define the SeiCe delivery forthe Heathy Living Centr8. Explaln my proGqdure Undergoing heart surgery (n be a daunting time for pattents, wrylh 80 mary questions being asked about their wdia Joumey. Explain my procedure vKleos are de8lgned for the pthnt and thelr famly member¥ to watch as many times as needed, In the comfort of thetr home. Cardlac Youth Workor In 8llPPOrt of Psychologlcal neod¥ Depressi¢M and anxiety are more common among young peOe with cardth1as1ar dt8ease can worsen thy81cal outwnes. Many patients report being unable to access support after a dIagrs18. Thls Is a dedicaied seNce supporting yourvJ peoplè aged 11-25 years, a time we know for all young people living with a lontem Iwlth conditlon Is partlcularfy challenging, especialiy for those with congenltal heart disea8e. Wlrel6M HD Hoadcam app•al CorKJenftal heart surgery is technically demandlng, and Its tralnlng18 extreme complex and challenging. Thls state of the art headcam 11 allow us to record the magnlfled sight of the Surgeon and aNow everyone to follow the case step by step. and can be recorded for a re8earch and education pUrpc.
WESSEX CARDIAC TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE PERIOD ENDING 31 DECEMBER 2023 21 Commllm•Dts und•r oporallng10•8•• At 31 Decemb8r 2023 the trust had total fvtur8 commltsnenls under norrtAncellab18 operatlng lea$ as lollow8: 2023 2022 Explry dale: Wlthln one year 706 673 22 Rol•tsd r(la¥ Mr C 14lorrfs, • Iru8tee, Is •180 • p8rther of Parfs Smlth LLP. Ourfng th8 perlod the ChAty PAld Porfs Smllh LLP for legal •er4lces amounllng to £3,17312022: £nll). All transathn8 wero m8dè on an ami'$18ngth b•sl8. At th& yoar end Énll (2022.. Enlll w•• out•tandlng. Jdng tho yeortho Ch•ty recafved donaUon8 from trte8¥ of £1,36512022: £ntl> and event In¢ome of £2,489 {21)22: £890). .23-