Charlty Roglstratlon No. 1116510 Company Rogistration No. 05924982 (England and Wale8) WESSEX CARDIAC TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2025
WESSEX CARDIAC TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrG A Longhursl DrJMTPrCe Dr J R Wlkinson MrNSGScarfe Dr T Bharucha Ms P lannotti Mr J P Evangelista Mr P M Haydock Mr C Morris MRBurns Mr A Munden MTS H Eyer5 Resigned 21.5.26 Resigned 4.3.25 A180 known as Heartteat Chief executive officer Mrmlnd Charlty number 1116510 Company nurnbgr 05924982 Registgrod office Roiary Heartbeat House 152-154 Tremona Road Southampton S016 6HW Audltors SKS Wesuako ClaTk Audit 7 Lynwoc#l Court Priesllands PL%e Lymington S0419GA Bankers Natwest Bank P 26 Above Bar Street Southampion S014 7DS Investment advtsers Ralhbones Mhjland House 2 Poole Road Boumemouth BH2 5QY Solicitors Paris Smith LLP 1 London Road Southampton S015 2AE
WESSEX CARDIAC TRUST CONTENTS Page Trustees, report including directors. reFQrt Independent auditors, port 8-10 Ststsm&nt of financial activities 11 Balance sheet 12 Statement of cash flows 13 Notes to the accounts 14-23
WESSEX CARDIAC TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDING 31 DECEMBER 2025 The trustees are pleased to present their annual report together with financial statements of the charlty for the year ending 31 Deeember 2025. The trustees have adopted the provisions of the Statement of Recommended Practice {SORPI 'Accounting and Reporting by Chanties. IFRS 1021 in preparing the annual report and fin8ncial statements of the chanty. The charity constitutes a publK benefft entty as defined by FRS 102. strudure, govemance and managemerrt Governlng document Wessex Cardiac Trust is a company limf(ed by guarantee govemed by Ils Menvjrandum and Articles of Association. It is a registered ¢harity with the Charity Commission. Governlng body New trustees are identified by twslees and their recruitment Is based uwn the skills and experience that they can bring to the charity with the board seeking to provKle the charity wrf(h a range of skills in govemance and management as well as representatives from the Wessex Cardiac Centre and those with first hand experience of heart disease. Trustee Inductlon and tsalnlng Trustees have an ndUCtion training programme and spand time with the Chief Executive or members of the senior management team to involve them in the work of the charity and the Wessex Cardia¢ Cenlre. Organlsatlonal managBm8nt The trustees are legally responsible for the management of the risks faced by the charity with the day lo day running of the charity being delegated to the Chf Execulive who is supported by the Heartbeat Team. The Chief Executive attends 211 meetings of tnjstees and regularty rek)Orts and utmjales the chairman tseiween the qLrterlY meetings. Rernuneration is revEwed for key Fersonnel through annual appraisals. Related parues Wessex Cardiac Trust has a wholly owned subsidiary, Wessex Heartbeat Limited. This company ceased lo trade in 2012 and has remained dorwnL Rlsk management Tre trustees have a duty to Ident and review the risks to which the charity is exposed and to ensure appropriate controls are in place ID provide reasonable assuralux against fraud and error. Detailed considerations of risk are delegated lo the Chief Executive and the Heartbeat Team. Risks are identified, assessed and wnlrols establish throughout the year. A ft)tmal review of the charity's risk management process is undertaken on an annual basis and the key controls include.. comprehensive Strateg anning, budgeting and management acLounting established organisalional structure and lines of reporting fomial written FX)licies clear authorities and approval levels full risk assessment for all major fvndraising events Through the risk management processes, trustees aro satisfied that Ihe major risks identified have been adequately managed where necessary. 11 is recognised that systeffts can onty provide reasonable but not absolute assurance that major risks have been adequately managed. The main risk to the Gharity for the year under review is the current economic climate, and as a result the trustees have presetved the reserves of the charity by not overspending the funds available to them.
WESSEX CARDIAC TRUST TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDING 31 DECEMBER 2025 Purposes and actIvI•S The purposes of the charity afft to relieve SLtffering from cardiovascuiqr diseases primarity by supporting the work of the Wessex Cardiac Unit based at Universty Hospital SoLrthamplon and working within the community of the Wessex Region (Hampshire, C)orset and Isle of Wghtl. as well as supporting other ¢ommunities right across the South of England. This is achieved by providing equipment, Services, and facilities to help patients and their relatives through the process of treatrnenl in the Cardiac Unil, by frJnding research and projects into the prevenkn'on. rehabilitation and cure of such diseases and by providing funds and facilities to train and educate staff in the Unrt. The trust achieves these objechves through 3 areas.. 1. Education and tralnlng Selectively providing fvnds to train and educate staff in the Wessex Cardiac Unrt ranging from supporting attendees at COnfenCeS to funding training courses for mlc87 staff to enhan and advance their professional knowledge and skills. 2. Preventlon and Res¢ar¢h and Development Providing medical equipment and funding SearCh and proiecis in the prevention of heart dtsease to the Wessex CardkAC Unit. Both equipment and are generalty of a type that the NHS would not provide {for example leading edge or innovaiory}- 3. Treatmgnt and pallent support Owning and operating a facilty for the relalNes of patients undergoing serious cardiac interventions at the Wessex Cardiac UniL Heartbeat House has 24 bedrooms and is locat&J directly opposf(e the hospital, providing 'home from home" acummodatTron free of charge for LJP to 35 people at any one time and is available to anyone who's relative is an in-patient in tho Wessex Cardiac Unit Besides the purchase of the property. this provision is a substantial oTrgoing expense eommilment for the charity. Providing services which a focused on improving the pat1 8nvironmenl, experience and raising standards of cardiac care and treatrnenL Aim$ and Intended impact Within these purposes, the charity's primary goal is io improve cardiac care across the Wessex Region. The trustees and staff have completed a strategic revw of its xbvities with strategic aims to.. Continue to support the vital work of the Wessex Cardiac Unit to deliver the highest possible quality of treatment and care for cardiovascular patients throughoul their lives", Support the education and training of all stsff wilhin the Wessex Cardiac Unit., Improve the journey and experience of all patients and their relab.ves treated within the Cardiac un., and Develop and fund services which offer prevention and rehabilitatson acrctss the Wessex Region and beyond. The charity's role is to raise fvnds to meet the unmet needs of the Wessex Cardix Unit in delNering the best possible care for cardiovascular patients throughout all stages of care and trealment supporting the provisbon ofr. A high quality, agelneed appropriate patienl experience in an enVirOnnt rrK)st conducive to achiewng the best outcomes for everyone- An emollonal and practical refvge for the relatives of pabents while their loved ones are undergoing inpaty'ent treatment. This is the purpose of Heartbeat House and accomndat10n is offed free of charge apart from a non-refiJrKlable key deposit; Cutting edge and pioneering equipment driven the advances in cardi& technology and with the University Hospital Southampton being one of the county's leading medical innovators,. and Support actwe research in cardiac care to take forward medical advancements and maintain the Wessex Cardiac Unit's status as a UK cardiac centre of excellence. By focusing on these areas, we achieve our strategic piioritses which are then measured aInSt budget.
WESSEX CARDIAC TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDING 31 DECEMBER 2025 Obie¢Uve$ for the year During the year, the trust had three major objectNes: 1. Educatlon and training To continue lo promote and meet Ihe aims of Heartbeat Year on year the charity supports cardiac care needs and priorities made known to it through a process of grants submissions, using nrestricted funds achieved through donatioris. communty fvndraising and events. In addition. the Trust continues lo promote the overriding purpose of the charity as widely as possible throughout the Wessex Regton and beyond. 2. Patient support To continue lo provKle a cardi Youth Worker in support of psychological needs to enharKe patient experiences living with long term health condttions and congenital heart dtsease. 3. Treatment- Heartbeat House To continue to run and maintain Heartbeat House, which provides a 24 bedroom "home from home. for up to 35 people whose loved ones are undergoing cardiac treatment within the Wessex Cardiac Unit. Principal aCVg for th• y•ar The three objectives outlined above, We the main principal aCtiviS undertaken during the year. In addition. the trust continued to support any ad hoc needs for crili¢al education or equipm8nt in line with its purpose. Grant making polity The Trust provides grants in line with its objects and priorrbes for funding that are identified from time lo time. These fall into the following categories.. EdUtIOn and training. prevention, treatsmenl. and rehabilitation. Volunteers The Trust has, since its establishmenL been supported by many willing volunteers in fundraising and administration activities of the charity, the trustees would like to take this opportunity lo say how much they appreale their contsnued and valuable support for our vitsl work in the community. Publlc bonefit Wessex Cardiac Trust exists solety to provide benefft to the public through on-going support lo the Cardiac Unit helping it to achieve the best of cardiac care. This is enabled by corbtinuing to upgrade and improve the facilities within the Unit, provide accomnK)datitin to relatNes of inpatients. vital education and training opportunities ft)r stsff, and through striving to contrlbute io medical advancements through invaluable research. The trustees confirm Ihat Ihey have Gomplied with their duty in secliDn 17151 of the 2011 Charities Act lo have due regard to guidance published by the Charty Commission in respect of public benefit. Financlal Instruments The charities activities expose it lo sevewl financial risks, induding credit risk, cash fkjw risk and liquidity risk. Written principles on the use of financial demat(ves are used io manage these risks. Credit risk is limited due to the principal financial assets teing bank balances and investrrents with high credit ratings assigned by intemational credit rating agen¢Es. Cash flow risk is primarily the risk of changes in interest rates, interest Iaring assets and liabilities are held at fixed rate lo ensure certainty of cash flow. Liquidity risk is reduced due lo the charity using a mixlure of long temi and short-term debt finance to ensure that sufficient funds are available for ongoing operations and ftjture developments.
WESSEX CARDIAC TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDING 31 DECEMBER 2025 A¢hlevements and porformance Heartbeat enjoyed another very successfvl year achieving record income for the chatlty for the second consecutive year. This outstanding result is a le5tsnEnt to the dedvtion and hard work of the whole team in what continues lo be a very challenging and compebtive sector. The Heartbeat team continued to grow th the addition of a part-time Dorset Fundraiser and a part time Rotary Heartbeat House Assistant. to help manage the consistentty higher cccupancy velS in the house during the year. In 2025, the charity has also aGhieved the following.. 1. Commrtted over £450,000 offvnding to several important projects to support ihe Wessex Cardiac Unf( which inclLKIe'. Continued support for and developnknt of >D heart modelling for CoMplated cong8nit81 heart defe¢ts in infants and young children. induding lakn'ng the initiative from clinical practice, lo educating the next generation of cardiac surgeons. There is now a display cabinet with a library of over 1(M) different heart nv)dels in the Heartbeat Edatn Centre. Continued development of a Prehabilitation Service Trial (fil for surgery phYs11Y and mentally) for a certain group of cardiac patients vth aortk stenosis, wilh patient thals having started al the end of 2025. Continued funding, for a third year of a Cardiac Youlh Worker to supwrt psychological needs in adolescent and yourvJ adult cardiac patients, aged befvn 11 and 25 years old, who have undergone serious earty life cardiac surgery and trauma. Because of a workload with over 100 patients in the Wessex region, frjnding was made available for a second Cardiac Youth Worker for tsvo years from spnng 2025, whKh nwking a huge tfferen to many young people both individualty and as groups. Continued funding of the 'PICNIC' study for patients who have a heart attack, lo identify pab'enls who are at risk of another episcKle, but also to Klenbfy low risk patients who would not need hjrther invasive treaknnt Funding for the redevelopment of the Heart Failure Unit wlthin the Wessex Catdiac Unit, with an ambition of being the le&ing one of its kind in the UK. 2. Continued to Rotary Heartbeat House WTth over 440 relabves of cardiac patients staying in the house during the year. Those who stayed were from a WKJe geographical area, including as far west as Cornwall, as far north as the Midlands. as far east as Kent and, as far 50Uth as the Channel Islands, particularly Guemsey, wtth made up 20% of all the resKlents. The breadth of these referral locations highlights Southampton's critical role as a regM)nal cardiac centre of excellence and underscores the significant value of Heartbeat Hou$e as a much-needed facility. 3. A lull year of fvndraising events, including three golf days, SUmu[ party, aUm ball and our sports and challenge events: wlh rnuch support from both the local and business communities. In addition, we hosted our first mass pafticipation SK walking event. 'Heart & Stroll,, with over 600 parti¢ipants helping to raise fvnds for the redevelopment of the Heart Failure Un A further increase in the Charity's legacy inco* during the year: including an exceptional one4)ff legaw payment of £281,810. Legacies remain an important IrQme stream for Heartbeat. While we make efforts to understand the motivations of indNiduals who choose io rember Heartbeat in their wills, it is not always possib to ascertain Ihe reasons behind such generous contributions. 5. Much work has been done in the past couple of years to buihj relatnShIpS in Guemsey, frorn where many cardiac patients have been referred for treatrnent in Southampton, creating a need for their relatives to stay in Heartbeat House. 2025 saw more than £60,000 raised via donab'ons and events from Guetnsey is18nders. This is another important income stream for Ihe charity, and we wi11 continue to have regular visibility on the isLand lo raise our profile even mo. 6. Work continues to be done in maintaining and growing the profile of Heartbeat within the local Southampton business ¢ommunty. Strong connections have been buitt with several high-profile organisalions including the Peter Cwper Motor Group.. Savills, Paris Smith and the Chewton Glen Hotel, yielding valuable revenue for the charrty, but the Ix)ntribution from Barratt Homes of £140,000 was the most impressive. 7. There conlinLtres to be a much wider level of PR and visibility of the charity across the region supported by our PR partner, Lee Peck Medra. aided by coveTage on BBC local TV news, BBC Radio Solent and BBC South Today, and greater levels of exposure across all scckal media channels.
WESSEX CARDIAC TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDING 31 DECEMBER 2025 8. The charity also invested in external HR and Health & Safety support through a local company, Verve HR. This enabled us to remain compliant and up to date with changes in relevant legislation. Flnanclal revlew As shown on the Statement of Finanaal Acb'vibes on page 10, income for the year amounted to £1,232,943 12024. 1,130,377), expenditure for the year amounted to £1,088:31712024.' £802,308}, giving a net increase In funds after gains on investment of £224,966 {2024'. £345,340). At the end of the year, the charity's net assets amounted to £3,249,24812024'. £3,024,282). The charity paid £725 on behaw of the Irustees in relalion to indemnity insurance {2024'. £710). Golny concern After reviewing the charty's forecasts and projections, the Board have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The entity therèfore continues to adopt the going concem basis in preparing its financial sialements. Prineipal fundlng sourcgs The principal funding sources of the Charity are donations from the general publ. legaci8s, and through various fundraising aCt'eS. Invogtment pollcy Heartbeat is committed to investing its funds in a responsible manner and for the investsnent portfolio to be managed in accordance with our owm charitable mission and values. This means having regard to best practice in Environrnenlal: Social and Governance IESGJ factors which integrates sustainability, stewardship and ethical considerations directy into the investment de¢ision making process to manage risk 8nd generate kjng term sustainable retums. To align our portfolK) With our health goa5s there are formal exclusions of companies engaged in the plUction of tobacco and high conlenl alcoholic beverages and companies targeting a signifant prow1ion of their pothlio from fc£¥Js high in fat, sugar and salt {HRSS). Res8Ne's policy 11 is the policy of the trustees lo secure the long-tem viability of the Trust by baLgncing the ongoing obligations in relation to Ihe maintenance and upkeep of Heartbeal House, the varTroLts research activities or projects and the general support required by the Wessex Cardiac Unit. In addition. sufficient liquid reseryes ne8d to be maintained to meet all anticipated short-lem needs, after allowing for income from fundraising activities likely to be received within the required timescale and, insofar a5 available fijnds are insufficienl fully lo meet the foregoing objectives. to give priority to the short-temi needs except Whe that wouhj require funds onaled specifically for endowment purposes to tE utiltsed contrary to the donorfs wishes. Free reserves afe those funds that can raised from assets Ihal are readily realisable, less those funds whose uses are restricted. At 31 December 2025, free reserves amunted to £855.546 {2024'. £743,856). The intention is to keep free reserves above £500.000 which equates to Iwo years running costs of the charity. Any shortfall that may arise in restricieé funds in the futu would be substituted by the free reserves available. The Trust prepares an annual budget for each finan¢ial year ouUining= Anticipated income for general an(i restricted funds. and Anticipated expenditure assoaated wtth all ast*cts of the charity's business. Some may be committed expenditure on for example Heartteat House maintenance., grants extending over a one- year period, this to be taken from general or restn.cted fvnds as appropriate.
WESSEX CARDIAC TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDING 31 DECEMBER 2025 Plans for the future Heartbeat is passionate about continuing lo improve the ca for peop living wrth heart conditions within the Wessex Region and beyond. Our aim is lo improve the cardiac journey and the patient experierice of all patients ft)r whom the Wessex Cardiac Unlt provKles care from diagnosis through treatment to aftercare. We recognise that patients, wellbeing and outcomes are improved by.. Medical advances., A positive patient experience in an enwronment conducive lo individual need,. Support for patients loved ones while they are undergoing treatrnent, and Support for staff caring for patients. The strategic plan for the coming years indudes the following projects: 1. Prevontion - £100,000 over the noxt 2 yoar5 A continualion of the Healthy Heart campaign for the business and corporate c4)mmunity lo help identify risk factors such as high cholesterol and blocNJ pressure in prevenb.ng subsequent heart disease. 2. Education and Trainlng- £150.000 ovarthe next 2 years The continued fvnding of tx)th the 'Prehabiltlation' project, vthich seeks to impme the long-temi outcomes of aortic stenosis patients through dieL light exercise and psychological suppor( and the P.l.C.N.l.C. SearCh whh is centred around the effectiveness of stenting arteries. In addition, evolving the 3-D heart technology inibab've from clinrAI care lo educating young surgeons and cardiologists in how to treat some of the rTh)st complicated con9enital heart defects in infants and young children. 3. Treaknerbt- £SOO,000 over the next 2 ygavs Investment in the renovation of the Heart Failure Unrt and the cardiac outpatient's reception area within the Wessex Cardiac Unit, continued funding for cardiac psychological support noljust for 11 to 25 year olds, but also across all age detrngraphics, and investmenl in technology that aids quicker diagnosis and speeds up the recovery process. In addition, the funding of the renovation of the non-inv8sNe cardiac reception. which Is the 'gateway' for patients to the Wessex Cardiac Unrt in the University Hospital Southampton. 4. Patient and Relative Support- £2.000,000 over the next 3 years Improving the safety, cotnfort and qualtty of Heartbeat House to include an extension and the re4lesign and renovation of both the lounge, kitchen and dining areas in the main house, and the inlegralion of the annexe lo become part of the main building. In addib'on, the inlroduclion of the Heartbeat House 'brand' in other areas of the country that are bssed with cardiac centres of excellence similar lo South2mplon.
WESSEX CARDIAC TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees, who are also the directors 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 ArLounting Standards {Unrted Kingdom Generalty Accepted Accounling Practice). Company law reqUIS the charity trustees to prepare financial statements for each year which give a Irue and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial ststements, the trustees are required to.. select suitabSe accounling policies and then appty thern consistenuy., observe the meth(Kls and principles in the Charities SORP. make judgements and estlmaies that are reasonable and pwdent state whether applicable UK accounting standards have teen followed, subject to any material departures disclosed and eXplned in the financial ststements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity wll CDntinue in business. The trustees are responsible lor keeping proper accounling records that disclose wilh reasonable accuracy al any lime the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They a a responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detectDn of fraud and olher irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's webstte. Legislab"on in the UK governing the preparation and dissemination of financial ststement differ from legislalion in otherjurisdictions. Statement as to dlsclosure to our audltors In so far as the trustees are aware at the time of approving our trustees, annual report.. there is no relevant information, being infomatson needed by the auditor in connectTron wth preparing their repc*rt, of which the charity's audttor is unaware: and the Irustees, having made enquiries of fdlow directors and the auditor that they ought to have individually taken, have each taken all steps that hej she is Obled to lake as a director in order to make themselves aware of any relevant audit inforrrotion and to eslablish that the auditor is aware of that information. On behalf of the trustees Mr N S G Scarfè- Chair of rusiees Date..
WESSEX CARDIAC TRUST INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF WESSEX CARDIAC TRUST Oplnlon We have audited the financial statements of Wessex Cardiac Trust for the year ended 31 December 2025 which comprise stalemenl of financial activib'es. balan sheet and notes to the financial statements, including a summary of sIgnrfanI accounting policies. The financial reporting framework that has been applied in their pparatIOn is applicable law and Unrf(ed Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland Iuniled Kingdoni Generalty Accepted Accnunting Practice}. This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audr( work has been undertaken so that we might slate to the charitable company's members those matters we are required to state to them in an auditor'5 report and for no other purpose. To the fullest extent permtited by law. we do not apt or assuw responsibility lo anyone other than the charitable company and the charitab company's members as a bcy, for our audit work, for this repo¢ or for the opinions we have formed. In our opinion the financial ststements.. give a true and fair view of the 51ale of the charitable comparry's affair3 a5 at 31 December 2025, and of its incoming resources and appIation of reSoUrs. including its income and expenditure, for the year then ended., have been property PrePad in accordance with United Kingdom Generalw A¢¢epied Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 26. Ba$ls for oplnlon We conducted our audit in accordance wilh Intemational Standards on Audf(ing {UK} {ISAs {UKII and applicable law. Our responsibilities under those slandards are fvrther described in the Auditoi'$ responsibilities for the audit of the financial statements secb'on of our reporL We are independent of the charitable company in accordance with the ethul requiren*nts that are relevant lo our audit of the financial statements in the UK. including the FRC'S Ethal Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We beIve that the audrt evidence we have obtained is sufftient and approprbate lo provide a basis for our opinion. Conclusions relallng to golng concem We have nothing lo report in respect of the folk)wing matters in relation to which the ISAS {UK) require us to port to you where.. the trustees, use of the going cOnM basis of accounb'ng in the preparation of the financial statements is not appropriate., or the trustees have not disck)sed in the financial statemenis any kdentified material uncertainties that may cast significant doubt about the Charitab Company's ality to continue to adopt the going concem basis of accounting for a period of at least tsvefve months from the date when the fi'nancial statements are aulhorised for issue. Othèr information The trustees are resp)nsible for the other InfOnatIon. The other informalion comprises the information included in the trustees, annual report, other than the financial statements and our audrtor's report thereon. Our opinion on the financial statements does not cover the other information and, except lo the extent otheNise expli¢ity stated in our rep)¢ we do not express any form of assurance conclusion thereon.
WESSEX CARDIAC TRUST INDEPENDENT AUDITORS. REPORT (CONTINUED) TO THE MEMBERS OF WESSEX CARDIAC TRUST In connection with our auéit of the financial sl8tements. our responsibility is to read the other inforffk2lion and, in doing so, consider whether the other infonnab'on is materially ineonsislent with the financial statements or our knowledge obtained in th8 audit or otherwise appears to be materially misslaled. If we Identify such material inconsistencies or apparent material misstslenEnlg, we are required to detemiine whether there is a material misstatemenl in the finanoal staterrEnls or a material misstatement of the other information. If, based on the work we have perfomied, we conclude thal there is a material MisstateEnI of this other inf0Mtion, we are required to report that fact. We have nothing to ffport in this regard. Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the cOue of the audit.. the information given in the trustees. report {incOrp*1ng the directors, report) prepared for company law purpose, for the financial year for which the financial statements are prepared ts consistent with the financial statements-, and the directors, report included wthin the trustees. rewt has been prepared in accordancewith applicable legal requirements. Matters on whl¢h we are roqulred to report by exception In the light of our knowledge and understanding of the chantabk MpanY and its environment obtain8d in the course of the audit we have not identsfied material MISStatents in the trustees, report. We have nothing to report in reSct of the folknwing matters in relation to which the CompanE$ Act 2006 requires us to report to you rf, in our opinion.. adequate accounting records have not Ien kep( or returns adequate for our audit have not been received from branches not visited by us,. or the financial statements are not in agreement vdth the accounting records and retums., or ¢ertain disclosures of directors, remuneration sp8cffied by law are not made.. or we have not received all the inf0mtiOn and explanations we requi for our audit,. or the trustees were not entitled to prepare the financial statements in accordance with the small companies, regime and take advantage of the small companies. exemptlOll5 in preparing the trustees, report and from the requirement to prepare a strategic reFX)rt. Responslbilities of trustees As explained more fulty in the trustees, responsibiltknes statement set out on page 8, the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they gwe a true and fair view, and for such internal control as the trustees detemiine is necessary to enable the preparation of financial $talements that are free from material misstaternen( whether due to fraud or error. In preparing the financial ststements, the trustees are reswnsible for assessing the charitable company's ability to continue as a going COnrn, disclosing, as app]ble. rrsatters related to going concem and using the going COnM basis of accounting unless the trustees either intend lo liquidate the charitable company or to ase operations, or have no realistic allemative but to do so. IUlrItIes, including fraud, are instances of non-complian with laws and gulatIonS. We design procedures in line with our responsibilities, oudined above. to delect malerial misstatements in respect of irregularities, including fraud. The extent to which our Prod$ are capable of detecting irregularrties, including fraud is detailed below.
WESSEX CARDIAC TRUST
INOEPENDENT AUDITORS. REPORT (CONTINUED)
TO THE MEMBERS OF WESSEX CARDIAC TRUST
Our appro8¢h lo Identtfyino and a8S888kn9 thè risks ol rnterlal mlsststernnt in re8pe¢l of Irrequl8Titios,
KydIng fraud and non
WESSEX CARDIAC TRUST STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDING 31 DECEMBER 2025 Unrestrl¢t¢d R68trl¢tad funds funds Total 2025 Total 2024 Incom¢ and endowments from: Donations and legacies Other trading al¥its9S Charitable aclhjilles Investments other 453,275 333,685 26.419 46,961 450 190,425 181.728 643,700 615.413 26,419 46.961 460 604,453 354,270 16,971 38,673 116.009 Total Incomo 860.790 372.153 1,232.943 1 130.377 Expenditure on: Ralslng funds Costs of genèrating donallon income Fundr8islng trading costs 212.536 309.293 212,536 309,293 190,728 252.811 Charttable acllvltles 99.797 466,691 666A88 358,769 Totsl expendlturè 621.628 466,e91 1,088.317 802,308 Nel gainsl (10s58sI on investments 13 80.340 17,271 Net incom91 lexpendlture} 319.504 194,5381 224.966 345,340 Transfers 1127,653) 127,653 Net movgmant In fund5 for the year 191.851 33,115 224,966 345,340 R•conclllatlon of funds Total funds brou9hl foThvard 2.808.912 215,370 3,024,282 2,678,942 Total funds carrled forward 3.O¢JO,763 248,4 3,024,262 The Stalement of financial activities indudey all gains and losses recognise(l in the year. Ail income and expenditure dreS from continuing activitses.
WESSEX CARDIAC TRUST Company no. 05924982 BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Nots Flxed assets Tangible assets Investments 12 13 1,200,373 1,217,802 847,254 2,065,056 2,145,217 Current assets stock Debtors Cash al bank and in hand 14 15 1,025 48.081 1,407.004 1.458.110 2,292 83,232 947,205 1.032.729 redltors falllng due wlthln one year 16 1352,079) 173,5031 Net curont as80ts 1.104,031 959.226 Net assets 3.249.248 3,024,282 The funds of the charlty: Rèstricted funds 19 248,486 215,370 Unre5triGted funds 19 3,000,763 2,808,912 Total charlty funds 3.249,248 3,024,282 Thèse financl818latements h8ve been prepared in aeeordance with the speual provisions of Part 1S of the Companies Act 2006 relating lo small charitable companies. The finanaal statem8nts were approved by the Board of trustees and were signèd on Its bthalf by: MrNSGScarf Iro Trustees Dale., 12
WESSEX CARDIAC TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 31 DECEMBER 2025 2025 2024 Cash flow from oper•llng actlvltl8S 438,370 308,816 Cash tlow from Investlng actfvitles Dividend income and intsrest from inv8slmenls Purchase of langlble flxed assets Purchase of Investments Proceeds from sale of investments 46,961 (8,2821 1116.9711 99,721 38,674 16,9781 (56,4581 38,991 Net cash flow from Invostlng activifl8s 21.429 14,229 Not Idecreasell Increase In cash 469,799 321,045 Cash al the bfglnnlng of the year 947,205 626,160 Total cash at the end of the yèar 1,407,004 947,2DS Reconclllatlon of net {expendlturell Incom• to ngt cash Ilow from operatlng actfvllies 2025 2024 Nel lexpenditurell income for the year Depreciation charges Dividends and inleresl from investmènts Loss fiom éisposal ol fixed assets Los81 Igainl on invoslm8nls IncTÈasel Idecreasel in stock Ilncreasell decrease in debtors Ilncrease}I decrease in creditor8 224.966 25.544 146.961) 345,340 26,511 138,674) (80.3401 1,267 35.161 278,S76 117,2711 {4311 137,0521 2e,393 Net cash flow from opèratlng actlvltlos 438,370 3(.816 13-
WESSEX CARDIAC TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2025 Accountlng polici6$ a) Gonernl Information and bas15 of preparation Wessex Cardia¢ Trust is an incorporated charty limited by guarantee in England. The address of the regislèr8d office is given in the Charity infomation al the front of these financial statements. The nature of the charity's operations and principals are detailed on page 2. The charity ec8t1¢Ut@s a public benefft entity a5 dèffined by FRS 102. The financial statements have been prepared in accordance wlh Accountsng and ReportiThJ by Chanties.. Statement of Recommende(I Practice applicable to charilio5 preparing Ih8ir accounts in accordance vthh the Financial Reporting Standard appllcable in the UK and Republic Df Ireland IFRS 102} (effective 1 January 20191 ICh8nls SORP IFRS 102)), the Financial Reporting Standard aPIcable in the UK and Republic of IreLgnd IFRS 102) and the Chants"es 2011, the Companies Act 2006 and UK Generally Accepted Accounkn'ng Practice. The financi81 statem&nts are prepared on a wng concem basis untjerthe Plislorical cost convention, modified to incSude certain items at fair value. The financial stslemenls are presented in sterfing and rountled lo the nearest £1. Exfrmptlon from prnparing group accounts The company Ss a parent company subied to Ihe srnall companies wime. The company and ils subsidlary comkwise a small group. The company has tsken advantage of the option wovided by 398 of the Companies Act 201% not to prepare 9roup arKounls. bl Incom Donation income, legacies and gffts are reCC¥Jn Wh ttrwe 15 enbuement to the fund8, certainty of receipt and th amount can be measured suffiuent lIabIlIty. Income from other trading acliwtses indude income as eamed from the sale ot merchandlse or from fijndraising events recognised in the month 1he evenl ctcurs. Investment IrMe 18 8amed through hohjing of assets investsnenl purwses sLh as shares. 11 indude8 divldends and interest and is include(J when the amount can be measured reliabty. Interest income is recognised using the effective interest method and divhlend income is recognised as the chartys right lo receive payment 1$ established. Donated semces arè recognised in income at fair value vthen thelr econom benefit is probable, can be measured reliably and the charity has control over the item. Fair value is delermird on the basis of the value of the gift lo the charity. A corresponding amount is recognised in expendiiure. No amount is included in the financial ststem&nts for volunteer time in line Yh the SORP IFRS 102). cl Fund accounting Restrted funds are subject to sPECtfi¢ condthons by dwors as to how they may be used. The purposes and uses of the restricted funds arè sel oul in the notes to the ac(wnts. Unrestricted funds can be used In )rdance with the charitable obltiVeS at the discretbn of the trustees. dl Expanditure and Irrecowrable VAT Expenditure is accounted for on an ac(¥uals basis and ¢har9ed againsts the Cost category it relates to. Direct charitable grants are recogrused as expenditure when a legal ot constructive olJigation lo make grants out of existin9 funds has been accepted and approved by the trustees. Commitmerrts outstsnding at the balance sheet date are Included vAthin creclitors. Costs of geneTating funils are Ihose costs irur[ed in attracting donation IlMe, and those incurTed in generating fvnds through sale of merchandising and fundraislng events. Support costs include central costs Incurred. Where possiWe, thes? have been directly attributed to a particular activity. Where the costs are not able lo be attributed directly.. they h8ve been allocated to ¢o$l tegOrieS on a basis consisl&nt with the use of these resources. 14-
WESSEX CARDIAC TRUST NOTES TO THE ACCOUNTS ICONTINUED) FOR THE YEAR ENDING 31 DECEMBER 2025 e} Oparatlng leas8s The charity classlfies the lease of printing equipmenl as operating leases, the te to the equipment r8malns with the lessor ond rental charge5 are charges on a stralght line bosis over the temi of the lease. Q Tanglble fixed assets Fixed assets other than freehold land are caprtalised al cost and depwated over their estirnaled useful etnOMIC lives on a Straight line basis as follows-. Freehold land is not depreclated Freehold buildings Computer equipment Fumiture and ffittings 0.5% on oJst 25% on cost 20% on cost gl Fffixed ass•t In¥ostmonts Listed investments are included at closing market vafue al the baLgnce sheet date. Any gain or loss on revaluation is taken lo the Statement Cf Financial Adivitses. All investments are held for investsnenl purposes. Investments in sub$idiaries are measured at cost less impaiment. h) Stock Stock is induded at the lower of cost and nel realssable value. 1> Debtors Trade and other debltsrs are recognwi al the settl@nnI amount due after any trade di8Unt offered. Prepayments are Valed al the amount prepaid. J) Bank and Ga5h in hand Cash at bank and in hand indudes cash and short tefft highty IM4uid investments wth a shjrt maturity of leg8 than 3 months. kl CroditOf8 and provl8ion8 Creditors and 0visIonS are recognised ere the charity has a present obligation resulting from a past event that wll probably resutt in the payment 19 a third party and the amount due to settle the obligation can b8 measured reliably. Creditors and provisions are recognised al their sment amount after albwng for any trade discounts due. l) Taxatlon The charty Is exempl from corporatitin tsx on its charitable actmties. m) Pgn$lon$ Eligible employees were automatically enrolled into the rkPlaCe pertsion scheme unless they exceris8d their right to opt out of the scheme membership. nl Slgnlficant ludg&monts and accounting estimates The principal accounting policies applied in the preparation of these financial statèments are set out abovo. These policies have been consistently appl to all the years presented, unless olherwise slated. 15-
WESSEX CARDIAC TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDING 31 DECEMBER 2025 Summary analysls for donatod Income Unrestrtcted Restrlcted Endowment funds lund8 Fund8 Totsl 2026 Total 2024 Donatlons and legacles Donations anLI gifts Legacl8S 83,691 369,584 190,425 274,116 369,584 299.072 305,381 453,275 190,425 643.700 804,453 Costs of generatlng donatlon Incomè Donation costs Support costs (see rk)te 9) 167.762 44.774 167.762 44774 154,827 35,901 212.538 211536 190,728 Net donatlons 240.739 190,425 431.164 413725 Sunwnary ana1¥ for other tradlng activitle8 Merchandlse Fundraising events Tradlng Income Total 2025 Total 2024 Income from othèr trnding actlvitles 1,591 512,660 1,162 515,413 354,270 Fundraislng tTadlng costs Cost of goods staging events Supp)rt costs (see not& 91 8,178 285 8.463 275,956 24,874 5,519 220,367 26,92S 275,956 24,874 8,178 300,830 285 309.293 252,811 Net other tradSng actlvltles 6,587 211,830 877 206 120 101,459 Of the £515,413 income, £333,685 12024.. £275,101) a$ charged to unrestricted funds and £181,728 12024. 279,169} trj restricted furKIs. All of the £309,293 exwditure {2024: £252.811> was charged to unrestriixed funds. Income from charltsble activlti 2026 2024 Patient support services YDur Heatthy Heart theck5 23.304 3,115 16,955 16 26.419 16,971 Use of Heartbeat Hguse is free, wth the exeeption of a key deposit charge and use of18undry services, lch 18 Included in patient support income. 16-
WESSEX CARDIAC TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDING 31 DECEMBER 2025 Investmènt income 2025 2024 Bank interest receivable Interest frorn fixed interest seGuribes Dividend income 22,667 4.326 19.968 13,378 5,351 19,945 46,961 Other income 2025 2024 Grant income Final balance with regard lo the fraud shown in the 2015 a¢c(wnts 250 115.759 116.009 Expendlture on charftable activities Educatlon Pre¥gnlk)n Trgatmenl and trdining and patient support Total 2025 Total 2024 Direct costs (see note 81 Grants to individuals Grants to institutions )vernance costs {see note 91 Support costs (see note 9) 125.886 125,886 981 371.752 38,022 29,847 149,886 f,327 142,2 38,405 26,925 981 181.080 3.802 9.949 30,969 9.5 9.949 159,703 24,714 9,949 195.812 50.424 320,252 566.488 358,769 All grants for training and medical equipment in the year were to instltutkJns of which £214,85712024: £105,216) Ir> University Hospltal Southampton ar the remainder were to indwiduals. Of the £566,488 expenditure, £99.797 (2024.. £173.656) was charged to unrestricted funds, £466,691 {2024'. £185,113) to restricted funds. Analysis of direct ¢OBts on charitable activitlps Patient support Tt)tal 202S Total 2024 Heartbeat House running costs Heartbeat House emptoyment wsts Heartbeat House depreciation Your Healthy Heart thecks 58,436 59,327 5,234 2,889 58,436 59,327 5,234 2.889 94,694 49,486 5.234 470 125,886 125.886 149,886 Heartbeat House has 24 bedrooms, comfortable Iwnge areas and home from home faulities for relatives of patients undergoing treatment in the Wessex Cardiac Unit. -17-
WESSEX CARDIAC TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDING 31 DECEMBER 2025 Analysls of governance and support costs The Trust initially identifies the costs of its support functlons and then identifies those costs whh rdate to the governan function. Support costs 8re apportione(I separately betsveen the key Charitab activlties. Gener41 support Governanc• functknn Total 2026 Total 2024 Salaries and related costs IT and 8quipm8nt Insurance Training and staff development General Offi costs Depreciation and disposal ol assets Bank charges Legal and Pfgfessonal fee$ Audit fee5 Consultancy f88s 40.203 9.027 3,192 189 12,765 20.478 1.849 33.552 73.755 9.027 3,192 189 12.766 20,478 1,849 4SO 4,088 11,725 65,056 9.194 2,542 731 12,258 21,277 1.606 3,840 3,668 7,983 450 4,020 11.725 99,496 38,022 137.518 128.155 10 Net Incom8118xp•ndlturel for the year 2025 2024 This is staled after tharglng.. Operating leases- equipment Depreciatr'on L05s on disposal of fftxed assets Auéitof 5 remuneration Accountancy fees Legal and professional fees 502 25,544 610 26,511 4.020 3,600 68 3,840 450 11 Anatysls of stsff costs and trle• rnmunerntk•n and expenses 2025 2024 Salaries and wages Social security costs Pension costs 332,389 29,738 6.824 301,013 24,943 5,347 367,951 331,303 One member of staff had emoluments betsveen £70,000 - £80.00012024'. 11. The averag8 number of employees during the year was 9 (2024.. 8). There were no tNstees' remuneration or other benefrts the peri¢)d12024.. Ènil).
WESSEX CARDIAC TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDING 31 DECEMBER 2025 12 Tanglblg flxod assgts Land and bulldlngs Computor equlpment Furnlture and fittlngs Total 2026 Cost At 1 January 2025 Additions Dlsposals 1,522,608 1.608 16,299 5.911 (5,3891 155,608 763 152,7991 1,694,513 8.282 158.188) At 31 Docomber 2026 1.524.216 16,821 103,570 1,644,607 Depreciatlon Al 1 January 2025 Charge for the year Eliminated on disposals 341,769 7.369 13,157 2,279 {5,2221 121,785 15,896 {52,7991 476.711 25,644 158,0211 At 31 December 2025 349,138 10,214 84.882 444,234 Net Bookvalug At 31 DeceMr 2026 1.175,078 6,607 18.688 1200 373 At 31 December 2024 1,180,839 3.142 33.821 1,217,802 13 Flxed asset Investments Ustgd othgr Inve51ments Investments Totsl 2025 Market value At 1 January 2025 Additions Disposals Revaluati¢)n5 847,252 116,971 {99,721) 80,340 847,254 116,971 199.721) At 31 DgG8mbor 2026 944.842 Investments at falr value cMiprlse: 2025 2024 UK Fixed Inte$t Overseas Fixed Interest UK Equttie8 Ov8rseas Equiti8S Allernatlve Assets Cash held inveslment purwses 245,349 179,265 128,531 248,681 132,231 10,885 128.578 190,088 129.026 223,034 169,236 7,290 944,842
WESSEX CARDIAC TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDING 31 DECEMBER 2025 13 Flxed assgt Investments contlnuod other investments are measured al cost18ss impaimi8nt on th8 basis that they repTesent shares in entities that are not publlcly traded and tt)e fair value cannot otherwise measure(I reliably. Included in other investments is a 100% holding in the otflin8ry share caprtal of Wesgex He8rtbeat Limlted registed office address 152-154 TMona R¢)ad, Southampton. UK. At the year , the aggregate capital and reseNes of the company amounted to £2 a1 profft forthe year amounted to £nil. 14 Stock 2025 2024 Merchandise 1,025 2,292 15 Dobtors 2025 2024 T¢ debtors Prepayments and accnjed inc(Nne 1,920 46.161 19.373 63,859 48.081 83,232 18 Credltor5 2025 2024 Trade creditors Tax and social security other creditors and a¢cruS Deferred Income 10.943 18,191 314.346 8,600 17,781 15.557 13.883 26,302 352.079 73,503 17 Deferred Income Deferred income comprises of advance tickel sales of events ccurI7ng after the year eTTrd. 2025 Balance as a11 January 2025 Amount released to income eamed from charitable activities Amount deferred in the year 26.302 126,3021 8.600 Balan08 a$ al 31 Dmber 2025 8,600
WESSEX CARDIAC TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDING 31 DECEMBER 2025 18 Analysls of net assets botwogn funds Unrestricted funds Re5trlcted funds Total 2024 Fund balan at 31 December 2025 are ty. Tangible fixed assets Investments CUrn1 assets Creditors 1,200,373 944,844 1,207.625 {352,079) 1.200,373 944,844 1A66,110 1362,079} 248,485 3,000.763 248,485 Analy$ls of nèt assèts bÈtw¢en funds- prpvlous year Unrestrfct•d funds Restrlct8d funds Total 2022 Fund balanc28 at 31 December 2024 are represented by: Tangible fixed as8ets Investments Current a88ets Creditors 1,217,802 847,254 817.35Y (73.5031 1,217,802 847,254 1,032,729 173,503) 215,370 2,808,912 215,370 3,024,282 -21
WESSEX CARDIAC TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDING 31 DECEMBER 2025 19 Analy818 of ¢harhabl& funds Balan¢0 1.1.25 In¢r)ming resour¢es Resources Galnsllos8es expènded Transfg Balanc• 31.12,ZS Unrestrictod lund# Genoral fund 2,808.912 860.790 621.826 47.313 3 000.763 Restricted fund MRI fund Heartbeal Huuse fvn 3D Prlnler appeal Healthy Living Centre appe Prehab pilot Explain my procedure appeal Cardiac Youth Worker appeal Wireless HD Headcam weal PICNIC Study appeal D2 Heart Failur8 refurbishmènt gar(Jen Awvein viowrw system 42 141.998 45.682 257 139.512 40.731 257 176204 15,162 (173.7181 {10.2111 {15.7121 (85,ONJI (57,2431 15.712 85.CWJO 17,9791 22221 .711 53,710 (10.113) 22,720 {15.25n (100.0001 19.5501 25.370 84.076 6.796 9,550 215,370 372,153 466,691 127,653 248,485 Analys18 of charltabk funds - prDvlous year Balance Incomlng Resourcos Galn$l los rnsoure•8 oxp•nd Balance 31.1224 Unrestrlcted funds General fund 2,595,660 855,907 617.195 25,460 2,808,912 ReBtrlctsd funds MRI fund Heartbeat HOU fund 3D Printsr appeal Healthy Living Centre apFe41 Prehob pik)t ExaIn my procedure appeal Cardiac Youth Worker appeal Wireless HD HeadM appeal PICNIC Siudy appeal D2 Heart Failure refurbishment garden 42 36.399 42 139,512 40,731 257 160,283 20,272 157,1701 126.1251 257 142,7311 42,731 50.795 128,5741 22,221 20,4 22,720 130,5131 110,1131 22,720 83,282 274,470 185,113 42,731 215,370 MRI fund This is to be used for the purpose of research into MRI and the aD]uisth of reLgled equipment H•arlboat Hou80 fund Used for the general purrrt)ses, m8intenanc and Imp0vernent of the buildiThJs and facAlities of Heartbeat House. 3D Prlntgr App*al The 3D printer equipment wll allow surgeons to gel an aciaJrale 3D printed rnodel of a pauenl's heart b?fore surgery, giving additional insights for corrective surgery and improving peace of mind to patients and Iheir familie$. Healthy Uvlng Centro appeal fund We would Ilke to build a Healthy VIrO Centre for prevenlKJn, prehabilitalion and rehabilstabon of cardiovascLFlar dise88e, to in¢lude consuhation rooms, gymnasium, profe3sb)naJ kti¢hen, changing rooms and offices.
WESSEX CARDIAC TRUST NOTES TO THE ACCOUNTS ICONTINUED) FOR THE YEAR ENDING 31 DECEMBER 2025 19 Analysis of charvtablè funds contlnued Prehab pllot TO demonstrate the relationship befvfftn eardi¢)vascular fithegs arKI penoper8tive results f01bn9 cardiac surgery. The outcome8 wll be used to define the service delNery for fhe Healthy Lrving Centre. Explain my procedure Undergoing heart surgery can be a daunting time for patients. with so many quesuons being asked 8boul their ¢ardia¢ jeurney. Explain my proce(lurè vidoos are designed for the patient and their famity members to watch as many lime8 as nèeded, in thè comfort of their own home. Cardlac Youth Workèr in support of Psycho91¢•1 n••ds DePreSSn and anxiety are more commM anK)ng young people wth card&v2$cu1ar disèase and can worsen phygical outcomes. This is a dedicated 5eNice supporting n9 people aged 11-25 year8, a time for all young people living wlh long-temi h8atth condibon is particularty challervJing, espe(ially for those ¢ongenital heart disease. Wlrèless HD HdCaM appwl Congenital heart surgery is technical demanding, and its tr3ining is extremely complex and challenging. This State of Ihe art headcam will allow us lo record the magn[rd sight of the surgeon and allow everyone lo follow the case step by slep, and can be recorded for a research and eilucation purposes. PICNIC Study appoal Anatomical, Physiological and Inflammatory ChaRcterisation of NoTrCulixil Vessèls in patients undergoing primary PCI for ST-Elevalion myocardial infarction in the wesen¢e of muveSe1 disease. STEMI is a type of heart 8ttack that occurs when a major artery feeding into the heart is blocked. This research identifies patients who are al risk of another heart attack that would beneffl from cLKnplete reva5culari88tion IstentirwJl. but also those at low risk who WOLEld not neèd thls invasive Ireatsnent. D2 Heart Failure refU1$hMent garden University Hospital Southampton support approximately 9000 Heart Failurp patients per year. Development of a green space $0 that patients and families can spend time tsle of Ihe main hospital building. Accuvoln Children wtK> require frequent ¢x#j tests and cannulations, due to tragi he8h locating a vein can be extremety challenging, the AccUv wsualk%ab"on t(A enabfes healthcare professionals lo see veins beneath thè skln. 20 Commitm8nts under OPOTatlng leases At 31 December 2025 the trust hed total ftthjre commitments under nonllcancelb1e operating tea5e5 as follows: 2025 2024 Expiry date.. Within one year 520 497 21 Related partlès During the year the charty ieGeived donations Irom trustees of £300 {2024: £400) and event income of £3,741 12024.. £6,634).