| Trustees | Mr A C Caton OBE | ||
|---|---|---|---|
| Mr SBMoodey | |||
| Mr A Phillips | |||
| Ms E L Pintado | |||
| Mr A W Pollitt | |||
| Secretary | Dr H Krskova | ||
| Charity number | 1116918 | ||
| Charity number | (Scotland) | SC042984 | |
| Company | number | 05935975 | |
| Registered | office | Bankside 300 | |
| Peachman Way |
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| Broadland Business Park |
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| Norwich | |||
| Norfolk | |||
| NR7 OLB | |||
| Auditor | Azets Audit Services | ||
| Ruthlyn House |
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| 90 Lincoln Road | |||
| Peterborough | |||
| Cambridgeshire | |||
| United Kingdom |
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| PE1 2SP | |||
| Bankers | Santander UK PLC |
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| 2 Triton Square | |||
| Regent's Place | |||
| London | |||
| United Kingdom |
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| Bank of Ireland | |||
| 12The High Street | |||
| Kildare Town | |||
| CO. Kildare |
| Page | ||
|---|---|---|
| Trustees report | 1-4 | |
| Statement ofTrustees | responsibilities | |
| Independent auditor's |
report | 6-8 |
| Statement offinancial | activities | |
| Balance sheet | 10 | |
| Statement ofcash flows |
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| Notes to the financial | statements | 12-19 |
| Unrestricted | Unrestricted | Total | Unrestricted | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||
| general | designated | general | |||||
| Notes | 2022f | 2022 | 2022 | 2021 | |||
| Income from: | |||||||
| Donations and |
legacies | 475,043 | 475,043 | 499,811 | |||
| Other trading activities |
290,936 | 290,936 | 330,017 | ||||
| Investments | 31,955 | 31,955 | 2,602 | ||||
| Total income | 797,934 | 797,934 | 832,430 | ||||
| Ex enditure on: |
|||||||
| Raising funds | 147,965 | 147,965 | 156,974 | ||||
| Charitable activities |
530,866 | 530,866 | 371,793 | ||||
| Total expenditure | 678,831 | 678,831 | 528,767 | ||||
| Net incoming | resources | before transfers | 119,103 | 119,103 | 303,663 | ||
| Gross transfers | between | funds | (607,795) | 607,795 | |||
| Net (expenditure)/income | for the year/ | ||||||
| Net (outgoing)/incoming | resources | (488,692) | 607,795 | 119,103 | 303,663 | ||
| Other recognised gains |
and losses | ||||||
| Other gains or | losses | 10 | 326 | 326 | |||
| Net movement | in funds | (488,366) | 607,795 | 119,429 | 303,663 | ||
| Fund balances | at 1 January 2022 | 2,955,882 | 2,955,882 | 2,652,219 | |||
| Fund balances | at 31 December 2022 | 2,467,516 | 607,795 | 3,075,311 | 2,955,882 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | ||||||||
| Current | assets | |||||||
| Debtors | 64,515 | 39,570 | ||||||
| Cash at | bank and in | hand | 3,476,623 | 2,949,966 | ||||
| 3,541,138 | 2,989,536 | |||||||
| Creditors: | amounts | falling due within | ||||||
| one year | 12 | (465,827) | (33,654) | |||||
| Net current | assets | 3,075,311 | 2,955,882 | |||||
| Income | funds | |||||||
| Unrestricted | funds - | eneral | ||||||
| Designated | funds | 13 | 607,795 | |||||
| General | unrestricted | funds | 2,467,516 | 2,955,882 | ||||
| 3,075,311 | 2,955,882 | |||||||
| 3,075,311 | 2,955,882 |
| 2022 | 2021 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Notes | f | |||||||||
| Cash flows from operating | activities | |||||||||
| Cash generated | from operations | 16 | 494,702 | 345,838 | ||||||
| Investing | activities | |||||||||
| Investment | income received | 31,955 | 2,602 | |||||||
| Net cash | generated from |
investing | ||||||||
| activities | 31,955 | 2,602 | ||||||||
| Net cash | used | in financing | activities | |||||||
| Net increase in |
cash and cash equivalents | 526,657 | 348,440 | |||||||
| Cash and | cash | equivalents | at beginning | ofyear | 2,949,966 | 2,601,526 | ||||
| Cash and | cash | equivalents | at end of | year | 3,476,623 | 2,949,966 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| general | general | ||||
| 2022 | 2021 | ||||
| Lottery activities | 290,936 | 330,017 | |||
| 5 | Investments | ||||
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| general | general | ||||
| 2022 | 2021 | ||||
| E | f | ||||
| Interest receivable | 31,955 | 2,602 | |||
| 6 | Raising funds | ||||
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| general | general | ||||
| 2022 | 2021 | ||||
| f | F | ||||
| Fundraisin | and | ublicit | |||
| Seeking donations, | grants and legacies | 23,024 | 22,784 | ||
| Other fundraising | costs | 124,941 | 134,190 | ||
| Fundraising | and publicity | 147,965 | 156,974 | ||
| 147,965 | 156,974 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Awareness | costs | 23,515 | 13,137 | |
| Research | costs | 479,434 | 330,000 | |
| 502,949 | 343,137 | |||
| Share ofgovernance | costs (see note 8) | 27,917 | 28,656 | |
| 530,866 | 371,793 |
| Support costs | Support costs | ||||
|---|---|---|---|---|---|
| Governance | 2022 | Governance | 2021 | ||
| costsf | E | costs | |||
| Audit fees | 21,877 | 21,877 | 23,682 | 23,682 | |
| Legal and | professional | 6,040 | 6,040 | 4,974 | 4,974 |
| 27,917 | 27,917 | 28,656 | 28,656 | ||
| Charitable | activities | 27,917 | 27,917 | 28,656 | 28,656 |
| 11 | Debtors | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Amounts | falling due | within one year: | E | F | ||
| Other debtors | 54,866 | 37,100 | ||||
| Prepayments | and accrued income | 9,649 | 2,470 | |||
| 64,515 | 39,570 | |||||
| 12 | Creditors: amounts | falling due within one year | ||||
| 2022 | 2021 | |||||
| F | ||||||
| Trade creditors | 4;143 | 8,463 | ||||
| Amount | owed | to parent undertaking | 94,269 | 6,161 | ||
| Accruals | and | deferred | income | 367,415 | 19,030 | |
| 465,827 | 33,654 |
| Balance at | Transfers | Balance at | ||||||
|---|---|---|---|---|---|---|---|---|
| 1 January | 31 | |||||||
| 2022 | December | |||||||
| 20+ | ||||||||
| Collaborator | contracts | 79,529 | 79,529 | |||||
| Funding | committed | for | parent | company | 528,266 | 528,266 | ||
| 607,795 | 607,795 |
| 14 | Analysis | of | net assets between funds | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Total | Unrestricted | ||||
| funds | funds | funds | |||||
| 2022 | 2022 | 2022 | 2021 | ||||
| f | |||||||
| Fund balances at 31 December 2022 are | |||||||
| represented | by: | ||||||
| Current | assets/(liabilities) | 2,467,516 | 607,795 | 3,075,311 | 2,955,882 | ||
| 2,467,516 | 607,795 | 3,075,311 | 2,955,882 |
| Amounts owed to related |
Amounts owed to related |
||||||||
|---|---|---|---|---|---|---|---|---|---|
| parties | |||||||||
| 2022 | 2021 | ||||||||
| E | f | ||||||||
| Balance due to The Heart Research | Limited, | ||||||||
| the ultimate | parent company. | 94,269 | 6,161 | ||||||
| 94,269 | 6,161 | ||||||||
| 16 | Cash generated from |
operations | 2022 | 2021 | |||||
| E | |||||||||
| Surplus for | the year | 119,103 | 303,663 | ||||||
| Adjustments | for: | ||||||||
| Investment | income recognised | in statement | offinancial | activities | (31,955) | (2,602) | |||
| Foreign exchange differences | 326 | ||||||||
| Movements | in working | capital: | |||||||
| (Increase) | in debtors | (24,945) | (39,570) | ||||||
| Increase in |
creditors | 432,173 | 33,654 | ||||||
| Cash generated from |
operations | 494,702 | 295,145 | ||||||
| 17 | Ultimate parent company |