| Trustees | MrACCaton OBE | |
|---|---|---|
| MrSBMoodey | ||
| Mr A Phillips | ||
| MsE L Pintado | ||
| MrAWPollitt | ||
| Prof Andrew Grace | (Appointed 24 July 2023) | |
| Prof Andrew Coats | (Appointed 3 April 2023) | |
| Secretary | MsS Callaghan | |
| Charity number | 1116918 | |
| Charity number (Scotland) | SC042984 | |
| Company number | 05935975 | |
| Registered office | Bankside 300 | |
| Peachman Way | ||
| Broadland Business Park | ||
| Norwich | ||
| Norfolk | ||
| NR7 0LB | ||
| Auditor | Azets Audit Services | |
| Westpoint | ||
| Lynch Wood | ||
| Peterborough | ||
| Cambridgeshire | ||
| United Kingdom | ||
| PE26FZ | ||
| Bankers | Santander UK PLC | |
| 2 Triton Square | ||
| Regent's Place | ||
| London | ||
| United Kingdom | ||
| BankofIreland | ||
| 12The High Street | ||
| KildareTown | ||
| CO. Kildare |
| Page | |
|---|---|
| Trustees report | 1 - 4 |
| StatementofTrustees responsibilities | 5 |
| Independent auditor's report | 6-8 |
| Statementoffinancial activities | 9 |
| Balance sheet | 10 |
| Statementofcash flows | 11 |
| Notestothe financial statements | 12- 19 |
| Unrestricted Unrestricted funds funds general designated 2023 2023 Notes £ £ Income from: Donations and legacies 3 441,958 Other trading activities 4 257,635 Investments 5 165,516 Total income 865,109 Ex~enditure on: Raising funds 6 273,638 Charitable activities 7 437,049 160,798 Total expenditure 710,687 160,798 Net incoming resources before transfers 154,422 (160,798) Gross transfers between funds 132,992 (132,992) Net income for the year/ Net incoming resources 287,414 (293,790) Other recognised gains and losses Other gains or losses 10 Net movementinfunds 287,414 (293,790) Fundbalances at 1 January 2023 2,467,516 607,795 Fund balances at31 December 2023 2,754,930 314,005 |
Total Unrestricted Unrestricted funds funds general designated 2023 2022 2022 £ £ £ 441,958 475,043 257,635 290,936 165,516 31,955 865,109 797,934 273,638 147,965 597,847 530,866 871,485 678,831 (6,376) 119,103 (607,795) 607,795 (6,376) (488,692) 607,795 326 (6,376) (488,366) 607,795 3,075,311 2,955,882 3,068,935 2,467,516 607,795 |
Total 2022 £ 475,043 290,936 31,955 |
|---|---|---|
| 797,934 | ||
| 147,965 | ||
| 530,866 678,831 119,103 119,103 326 119,429 2,955,882 3,075,311 |
| Notes Current assets Debtors 11 Cash at bankandinhand Creditors: amounts falling due within one year 12 Net current assets Income funds Unrestricted funds Designated funds 13 General unrestricted funds |
2023 £ 28,445 3,424,056 3,452,501 (383,566) 314,005 2,754,930 |
£ 3,068,935 3,068,935 3,068,935 |
2022 £ 64,515 3,476,623 3,541,138 (465,827) 607,795 2,467,516 |
£ 3,075,311 |
|---|---|---|---|---|
| 3,075,311 | ||||
| 3,075,311 |
| Cash flows from operating activities Cash (absorbed by)/generated from operations Notes 16 Investing activities Investment income received Net cash generated from investing activities Net cash usedinfinancing activities Net (decrease)/increaseincash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2023 £ 165,516 £ (218,083) 165,516 (52,567) 3,476,623 3,424,056 |
2022 £ 31,955 £ 494,702 31,955 526,657 2,949,966 3,476,623 |
|---|---|---|
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| general | general | |
| 2023 | 2022 | |
| £ | £ | |
| Donations and gifts | 441,958 | 475,043 |
| Donations and gifts | ||
| General donations | 40,519 | 7,055 |
| Pledge program donations | 401,439 | 467,988 |
| 441,958 | 475,043 |
| 4 Other trading activities Unrestricted funds general 2023 £ Lottery activities 257,635 5 Investments Unrestricted funds general 2023 £ Interest receivable 165,516 6 Raising funds Unrestricted funds general 2023 £ Fundraising and publicity Seeking donations, grants and legacies 22,011 Other fundraising costs 251,627 Fundraising and publicity 273,638 273,638 |
Unrestricted funds general 2022 £ 290,936 Unrestricted funds general 2022 £ 31,955 Unrestricted funds general 2022 £ 23,024 124,941 147,965 147,965 |
|---|---|
| Awareness costs Research costs Shareofgovernance costs (see note 8) Analysisbyfund Unrestricted funds - general Unrestricted funds - designated |
2023 £ 13,347 548,472 561,819 36,028 597,847 |
2022 £ 23,515 479,434 502,949 27,917 530,866 530,866 530,866 |
|---|---|---|
| 437,049 160,798 597,847 |
| Support and governance costs Auditor fees Legal and professional Charitable activities |
2023 2022 GovernanceGovernance costs costs £ £ 18,900 18,900 17,128 9,017 36,028 27,917 36,028 27,917 |
2023 2022 GovernanceGovernance costs costs £ £ 18,900 18,900 17,128 9,017 36,028 27,917 36,028 27,917 |
2023 2022 GovernanceGovernance costs costs £ £ 18,900 18,900 17,128 9,017 36,028 27,917 36,028 27,917 |
|---|---|---|---|
| 27,917 27,917 |
|||
| 36,028 |
| 1 0 Other gains or losses Foreign exchange gains 11 Debtors Amounts falling due within one year: Other debtors Prepayments and accrued income 12 Creditors: amounts falling due within one year Trade creditors Amount owed to parent undertaking Accruals and deferred income |
2023 £ 17,481 10,964 28,445 Unrestricted funds general 2022 £ (326) 2022 £ 54,866 9,649 64,515 2023 2022 £ £ 91,164 26,022 266,380 383,566 4,143 94,269 367,415 465,827 |
|---|---|
| Balance at 1 January 2022 £ Collaborator contracts Funding committed for parent company |
Transfers Balance at 1 January 2023 £ £ 79,529 79,529 528,266 528,266 607,795 607,795 |
Resources expended £ (160,798) (160,798) |
Transfers Balance at 31December 2023 £ £ (79,529) (53,463) 314,005 (132,992) 314,005 |
Transfers Balance at 31December 2023 £ £ (79,529) (53,463) 314,005 (132,992) 314,005 |
|---|---|---|---|---|
| 314,005 |
| Unrestricted Designated funds funds 2023 2023 £ £ Fund balances at31 December 2023 are representedby: Current assets/(liabilities) 2,754,930 314,005 2,754,930 314,005 |
Total 2023 £ 3,068,935 3,068,935 Unrestricted Designated funds funds 2022 2022 £ £ 2,467,516 607,795 2,467,516 607,795 |
Total 2022 £ 3,075,311 |
|---|---|---|
| 3,075,311 |
| Balance duetoThe Heart Research Limited, the ultimate parent company. Amounts owedto parties 2023 £ 26,022 26,022 |
related 2022 £ 94,269 |
|---|---|
| 94,269 |
| 16 Cash generated from operations (Deficit)/surpus for the year Adjustments for: Investment income recognisedinstatement of financial activities Foreign exchange differences Movementsinworking capital: Decrease/(increase)indebtors (Decrease)/increaseincreditors Cash (absorbed by)/generated from operations 2023 £ (6,376) (165,516) 36,070 (82,261) (218,083) |
2022 £ 119,103 (31,955) 326 (24,945) 432,173 494,702 |
|---|---|