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|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|
||||Broadland
Business Park|
||||Norwich|
||||Norfolk|
||||NR7 OLB|
|Auditor|||Azets Audit Services|
||||Ruthlyn
House|
||||90 Lincoln Road|
||||Peterborough|
||||Cambridgeshire|
||||United
Kingdom|
||||PE1 2SP|
|Bankers|||Santander
UK PLC|
||||2 Triton Square|
||||Regent's Place|
||||London|
||||United
Kingdom|
||||Bank of Ireland|
||||12The High Street|
||||Kildare Town|
||||CO. Kildare|
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|||Page|
|---|---|---|
|Trustees report||1-4|
|Statement ofTrustees|responsibilities||
|Independent
auditor's|report|6-8|
|Statement offinancial|activities||
|Balance sheet||10|
|Statement
ofcash flows|||
|Notes to the financial|statements|12-19|
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|||||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|
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||||||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|
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|||||||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|
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|||||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|
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||||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|
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|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|
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|||||||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|
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|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|
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|||||||||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|||||||||
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