Charlty registration number 1120557 Company roglstratlon number 06329763 (England and Walés) CHILDREN'S HEARTS UK (FORMERLY THE CHILDREN'S HEART FEDERATION) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 fvIAY 2024 CHILDREN'S HEARTS UK (FORMERLY THE CHILDREN'S HEART FEDERATION) LEGALAND ADMINISTRATIVE INFORMATION Trustees J S Wootton (Chair) R I Pr@edy (Treasurer) P M Willgoss (Vice-chair) C M Stringfellow R L Craven K L Tomlin T D Mccauley (Appointed 17 March 2024) Charity number 1120557 Company number 06329783 Reglstered offico 24-28 BroGkenhurst Road Ascot Berkshire SL5 9DL Independent examlner Carpenter Box Amelia House Crescent Road Worthing Wesl Sussex BN11 1RL CHILDREN'S HEARTS UK (FORMERLY THE CHILDREN'S HEART FEDERATION) CONTENTS Page Trustees, report Statement of trustees, responsibilities Independent examiner's report Statement of financial activities BalanGe sheet Notes to the financial statements 8-19 CHILDREN'S HEARTS UK (FORMERLY THE CHILDREN'S HEART FEDERATION) TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MAY2024 The trustees present their report and financial statements for the year ended 31 May 2024. Throughout the year. the charttable company's name was The Children's Heart Federation. This was changed to Children's Hearts UK on 22 January 2025. Children's Hearts UK {CHU} is a leading UK children's heart char(ty working to meet the needs of children and young people with congenital and acquired heart conditions {CHD> 2nd their families. We are parent-led and pride ourselves on providing expert. direct and empathetic support. Thé financial statéments have been prepared in accordance with the accounting policies set out in note 110 Ihe financial slatemenls and comply wilh the charitable company's Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practi￿ applicable to charities preparing thèir accounts in accordance with th@ Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 1021 (effective 1 January 2019)" ObJeC￿Ve$ and actlvltles Our core objective is to champion people living with heart conditions, their families and carers and the organisations supporting them, by sharing infomiation and kn¢)wledge, providing support, speaking out and working with each other to make a difference. Public benefit The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities th8 char(table company should undertake to meet public benefit. The board has considered the criteria laid down within the guidance and believe that in all respects the charity fulfils those crlteria In Its day-to-day operallons. Achlevements and perfomianee Our ¢ommilted team and dedicated volunteers continued to work hard to achleve our vlslon.. that all ¢hlldren wilh heart conditions have their medical and social needs met so they can live the fullest lives possible. Throughout the past year, Ihe CHU t8am'. Continued to support children with heart conditions. and their families and carers with detailed specialist 9uidance via our information sheets, support telephone service and in person support. Amending these services to besl sult the needs of our community, such as providing translations and 2417 telephone support. Host8d an in-person family activity day for children with heart conditions to engage in fun activities Wlth their families and build their peer support network. Hosted 3 exercise activity days focused on building confidence with exerclse for chlldren wlth heart conditions and their families and carers. Provided specialist equipment indudin9 40 INR machines, which enabled children and young people lo safely monitor their health conditions at home, minirnising the discomfort and disruption of more frequent hospital visits. Attended 11 conferences across Ihe county to ensure we are keeping up to date wlth latest advances, best practice and changes within the sector and amplfying the voices of the children with heart conditions we support wrth care prolessionals. Continued to build Pulse Parents. a suwessful forum of now 300 parenls and carers providing online peer support, and arranged monthly interadive question-and-answer sessions with experts on topics relevant to heart families. Providéd Molly's Dollies to support 125 children with heart condttsons wilh a friend throughout their heart journey. Developed the first national bereavement page to provide remembrance for children we have lost to heart conditions and support for Iheir families. Participated as active members of the NHS Congenital Heart Disease Clinical Reference Group and the local Integrated Care Board Patient & Engagement Forum, ensuring the voices of Children with heart conditions can ¢ontribute to decision making about their care. Were nominated for a Charity Film Award for an introductory film about our work. raising public profile and awareness of heart conditions in children. Aware of increasing support and interest from individual families which complements the ongoing support from parenl-led organisations, we have further developed our understanding of the wide range of issues facing thousands of heart families across Ihe UK. We will use this knowledge to further our future strategy. CHILDREN'S HEARTS UK (FORMERLY THE CHILDREN'S HEART FEDERATION) TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 Financial revlew The majority of our funds ¢ame from companies and granl-making trusts and foundatlDns. We were also so grateful to individuals and communities who contributed Ic) our efforts completing fundraising challenges led by CHU and independently. We rely on all of thes8 funders to make a difference lo the lives of children with heart conditions and their families and thank them for their generous support. Reserves policy It is the policy of the ch8rily that unrestrtcted funds which have not been designated for a specrfic use should be maintained at a level equivalent to three months, expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current aclivities while consideration is given to ways in which additional funds may be raised. Unrestricted rese￿eS at the year ended 31 May 2024 of £123,185 {2023'. 176.479} exceeded the reserves policy and the trustees are looking to expand the charity's capacity to deliver its existing s8Nices as well as developing new areas within the scope of its objectives. In addition to the unrestricted reserves, the charity h81d r8slricted r88erves of £78,600 (2023.. £19,296) at the year ended 31 May 2024. Risk assessment The trustees have assessed the major financial and non-financial risks to which CHU is exposed, alon9 with the systems, operating procedures and insuranc8s in force, and are satisfied that systems are in place to rnitigate exposur8 to th8 major risks. Plans for the futsire We will continue lo share our knowledge and information with policymak8rs and service providers as well as parents and patients, and we will also continue providing direct support to heart families. We aim to extend our reach lo families from diverse communities, using appropriale and ￿levant information and communication technologies, and continue to adapt our seNices so that they are responding lo the contemporary and changing needs of hesrt families. Structure, governance and management CHU is a charitable company limited by guèranlee. CHU is governed by the Board of Trustees with a broad range of experience and skills as well as knowledge of congenital heart conditions, including accountancy. nursing, diversity and inclusion. The Board is responsible for setting the strategic direction of the charity and the Chair is responsible for operational mallers. The Board meets flve tlmes per year, wlth a focus on monitoring outcornes and Strategic decision-making. The operational activities are deleg21ed to the Chief Exacutive. The support given by the members ofthe Board has been invaluable and is very much appreciated. The trustees, who were also the direclois for the purposes of company law, who setved during the year were.. J S Wootlon (Chair) R I Preedy (Treasurer) P M Willgoss Ivice-chair) C M Stringfellow R L Craven K L Tomlin T D Mccauley (Appointed 17 March 2024) None of the trustees has any beneficial interest in the company. All of Ihe trustees are members of the company and guarantee to contribute £1 in the event of a winding up. Siaff and voluntgera CHU employs a small team of staff to deltver its services supported by a team of skilled and commilled volunteers. The Board of Trustees very muth appreciates the tremendous work done by our staff and volunleers. CHILDREN'S HEARTS UK FORMERLY THE CHILDREN'S HEART FEDERATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 Mombers CHU'S ￿rnber groups are: Barth Syndrome Trust Cardiomyopathy UK Children's Heert Association Children'5 Heart Unil Fund CRY {Cardiac Risk in the Young} Downs Hoart Group Heart Children Ireland Heartbeal Norlhern Ireland Heartline Families Lagans Foundalion Max Appeal The Bromplon Fountsin The Scottish Association for Children with Heart Disorders Young al Heart The Iruslees, report was a Jprov4by Ihe Board of Trustees, I Pre•dy jTre4sur8r} Trustee Dated. ..i.1102.12D25 CHILDREN'S HEARTS UK (FORMERLY THE CHILDREN'S HEART FEDERATION) STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MA Y 2024 The trustees, who are also the directors of Children's Hearts UKfor the purpose of company law, are responsible for preparing the Trustees. Report and the financial slalements in accordance wilh applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the Irustees to prepare financial statements for each financial year which give a tme 2nd fair view of the stale of affairs of the charitable company and of the incoming resources and application of resources. induding thé income and expenditure. of the charitable company for that year. In preparing these financial slat6ments, the trustees are required to: select suitable accounting pollcies and then apply them consistentty., observe the methods and principles in th8 Charities SORP., make judgements and estimates that are reasonable and prudenl., State whether applicable UK Accounting Standards have been follow8d. subjeGt to any malerial departures disG105ed and explained in th8 financial stalements-, and prepare the flnanclal statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustee5 are responsible for keeping adequate accounting records that disclose wlth reasonable accuracy at any time the financial position of the charitable Company and enable them to ensure that Ihe financial statements comply with Ihe Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prev8nlion and detection of fraud and olher irregularities. CHILDREN'S HEARTS UK (FORMERLY THE CHILDREN'S HEART FEDERATION) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHILDREN'S HEARTS UK I report to the trustees on my examination of the financial statements of Children's Hearts UK (the charitable company) for the year ended 31 May 2024. Responslbllities and ba3is of report As Ihe trustees of Ihe charilable company {and also its directors for the purposes of company law) you are rèsponsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financlal statements of thè charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b} oflhe 2011 Act. Indepèndènt examiner's statoment I have Gompleted my examination. I confirm thal no matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect: accounting records were nol kepi In respect of the charitable company as required by section 388 of the 2006 Act, or the financial statements do nol accord wtth those records; or the financial slalements do not comply with the accounting requiremenls of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair vlew which is not a matter considered as part of an independent examination., or the financial statements have not be8n pr8par8d in accordance wilh the methods and principles of the Stat8mènt of Re¢ommended Praclice for accounting and reporting by Charltles appllcable to charitles preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK arml Republic of Ireland (FRS 1021. I have no concerns and hav8 come across no other matters in connection with the examination to which attention should be drawn In this report in order to enable a proper understanding of the financial slatemenls to be reached. Robin Evans 8A FCA CTA DChA Carpenter Box Amelia House Crescent Road Worthing West Sussex BN11 1RL Dated: ..1.41,,1 Ic iJ- CHILDREN'S HEARTS UK (FORMERLY THE CHILDREN'S HEART FEDERATION) STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MAY2024 UnrÈstriGted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies Inveslments 95,407 3,861 83,331 178.738 3,861 143,519 1,462 19,805 163,124 1,462 Total incomè 99,268 83,331 182.599 144,981 19,605 164,588 Expenditure on: Raising funds Charitab18 activities 33,500 119,587 33,500 143,089 16,754 111.012 16,754 111,321 23,502 309 Total expendilure 153,087 23,502 176,589 127,766 309 128,075 Net in¢omellexpenditure) (53,819) 59,829 6,010 17,215 19,296 36,511 Transfers between funds 13 525 (525) Nel movement In funds (53,294) 59,304 6,010 17,215 19.296 36,511 Reconciliation of funds: Fund balance6 al 1 June 2023 176,479 19,296 195,775 159,264 159,264 Fund balances at 31 May 2024 123,185 78,800 201,785 176,479 19,296 195,775 The slalement of financial activities includes all gains and losses recognSsed in the year. All income and expenditure derive from continuing adivities. The statement of financial activities also complies with the requirements for an income and expenditure account under the CompaniesAct 2006. CHILDREN'S HEARTS UK FORMERLY THE CHILDREN'S HEART FEDERATION BALANCE SHEET ASAT31 AIAY2024 2024 2023 Notes Fixed as$ots Tangible assets 10 396 Currant assets Debtors Cash 81 bank and in hand 11 7.155 192.129 205,255 205,255 199.284 Credltors: amounts falllng duè withln one yoar 12 3,470 3,905 Net current assets 201,785 195,379 Total alsots less current Ilabllities 201,785 195.775 The funds ofthe ¢haritable company Restricted income funds Unre3tri¢ted funds 13 78,600 123,185 19,296 176.479 201,785 195,775 The company is entitled lo the 8x&mplion from the audit requirement ¢onlained in section 477 of tha Companies Act 2006, for the year ended 31 May 2024. The direGlors aGknowledge their responsibllilies for complying with the requirements of tho Companies Act 2008 with respect to accounting records and the preparal'on of financlal statements. The members have not requlred the company to obtain an audit of ils financial slalemenls for the year in queslion in accordance wÈth section 476. These financial ststements have been prapa￿d in accordance with the provisions applicable to Companies subj8Ct lo the small companies regime. The financlal s ere approved by Ihe Iruslees on . 11.1 p.! IL)25 R I Preedy (Treasurert Truslee Company registration number 06329763 (England and Wale51 CHILDREN'S HEARTS UK (FORMERLY THE CHILDREN'S HEART FEDERATION) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 Accounting policies Charity information Children's Hearts UK is a private company limited by guarantee incorporated in England and Wales. The registered office is 24-28 Brockenhurst Road, Ascot, Berkshire, SL5 9DL. 1.1 AGGounting conventlon The financial statemènts have been prepared in accordance with the chaiitable company's governing document. the Companies Act 2006 and "Accounting and Reporting by Charities-. Statement of Recommended Practi￿ applicable to charilies preparing their accounts in accordanGe with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019}" The charitable cornpany is a Public Benefit Entity as defined by FRS 102. The charitable company has taken advantage of the provisions in th8 SORP for charities applying FRS 102 Update Bulletin 1 not to prepar8 a Sta18ment of Cash Flows. The flnanclal statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the n8ar8St £1. The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below. 1.2 Going concern At Ihe lime of approving the financial statements, the trustees have a reasonable expectation that the Charilable company has adequate resources to continue in operational existence for the foreseeable future. The trustees have considered relevant information, including th8 impact of subs8quent events, in making their assessment. Based on these assessments and having regard to the resoLtrces available to the entily, the trustees have concluded that there is no material uncertainty in relation to the appropriateness of continuing to adopt the going concern basis in preparing the financial statements. 1.3 Charltable fund$ Unrestricted fijnds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors or granloTs as lo how they may be used. The purposes and uses of Ihe restricted funds are set oul in the notes to the financial statements. 1A Income Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and il Is probable Ihal income will be received. Cash donalions are recognised on receipl. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation to donalions received under Gift Aid or deeds of covenant is recognised al the lime of the donation. Legacies are recognised on ieceipt or othetwise if the charitable company has been notified of an impending distribution, the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a contingent assel. CHILDREN'S HEARTS UK (FORMERLY THE CHILDREN'S HEART FEDERATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y2024 Accounting policies {Continugd) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligalion to transfer economic benefit lo third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of th& obligation can be mèasured reliably. Expenditure is Glassified by activity. The costs of each activity are made up of the total of dir￿1 costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contnbute to more than one activity and support costs which are not attributsble to a single activity are apportioned between those activitres on a basis consistent wilh the use of resources. Central staff costs are located on the basis of time spent, and deprecialion charges are allO￿ted on the portion of the asset's use. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs Gannot be diredly altribut8d to particular headings they hav8 been allocated to activities on a basis consistent wilh Ihe use of resources. 1.8 Tanglble fixed assèts Tangible fixed assets are initially measured at cost and subsequently measured at CO81 or valuation, net of depreciation and any irnpairment losses. Depreciation is recognised so as to write off the cost or valuation of assets18ss Ih8ir residual valu88 OV8r th8ir useful lives on the following bases: Fixtures and fittings 25 . 33 % diminishing balance The galn or loss arislng on the dispos21 of an asset Is delemiined as the difference behveen the sale procèeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets Al each reporting end date, the charitable company reviews th8 carrying amounts of its tangible assets lo détermine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset Is estimated in order to determine Ihe exlent of the impairment loss lif any). 1.8 Cash and Gash equivalents Cash and cash equlvalents Include cash in hand and deposits held at call with banks. 1.9 Financial instruments The charitable company has elecled to apply the provisions of Section 11 'Baslc Financial Instruments, and Sedion 12 '0ther Financial Instruments Issues, of FRS 1Q2 to all of its financial instruments. Financial instruments arè re¢ognised in the tharitable cornpany's balance sheet when the charitable company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with Ihe net amounts presented in the financial statements, when there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. CHILDREN'S HEARTS UK (FORMERLY THE CHILDREN'S HEART FEDERATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 AGcountsng policles {Continued) Basic financial assets Basic financial assets, which indude debtors and cash and bank balances, are initially measured at transaclion price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constilut&s a financing transaction. where Ihe trans8Ction is measured at the present value of the future receipts discounted al a market rale of interèst. Financial assets classified as receivable within one year aré not amortised. Basic financial liabllitles Basic financial liabilities, includlng creditors and bank loans are inilially recognised at transaction price unless the arrangem8nt constitutes a financing transaction, where the debt instrument is measured al the present value of the future payments discounted al a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cosl, using the eff8clive inleresl rate method. Trade creditors are obligations to pay for goods or services thal have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due wlthin one year or less. If nol, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequenlly measured at amortised cost using the effective interest method. Derecognition of flnancial liabilities Financial liabilities are derecognised when the charitable company's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The Gost of any unused hollday enlillement is recognised in the period in which the employee's Services are received. Termination ben8fits ar8 r8cognis8d immediately as an expense when the charitable company is demon81rably committed to terminate the employment of an employee or to provide terrnination benefits. 1.11 Rètirement bènerrts Payments lo defined Gontribution retirement benefit schemes are Charged as an expense as they fall due. Income from donations and legacies Unr88triGted Restricted funds funds 2024 2024 Total Unrestrlctod Restrlcted funds funds 2023 2023 Total 2024 2023 Donations and gifts Grants 95,407 83,331 178.738 143,519 13,605 6,000 157,124 6,000 95,407 83,331 178,738 143,519 19,605 163,124 10- CHILDREN'S HEARTS UK (FORMERLY THE CHILDREN'S HEART FEDERATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 Income from inv8slJnents Unrestrlcted Unrestrictsd funds funds 2024 2023 Interest receivable 3,861 1,462 Expenditure on raising funds Unre$triGtsd UnrestrlGted funds funds 2024 2023 Fundraislng and publicity Other fundraising costs Staff costs 20,070 13,430 5,868 10,886 33,500 16,754 11 o ¢) r o) O O U) O Lfj O a) ¢£> o U> CNI r O IXJ N ro I vNO)*OOI JOrt* a> o tri p? ooooino (nOOLnoLOO (D O Ln ￿- ￿- coin￿￿￿0 ¢0 E ￿ i2 CJ O al WLLco￿CllCO_<￿a?>L?_ LL E5W WTJ CHILDREN'S HEARTS UK (FORMERLY THE CHILDREN'S HEART FEDERATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 14 Unrestricted funds The unreslri¢ted funds of the tharily wmprise the unexpended balances of donations and grants whidj are not subjecl to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 Juno 2023 Incoming Resources To$oufGgS 9XPgndpd Transfers At 31 May 2024 General funds 176,479 99,268 (153,08n 525 123,185 Prevlous year: At 1 June 2022 Incomlng resources Resources expended Transfers At 31 May 2023 General funds 159,2S4 144,981 (127,766) 176,479 15 Analysig of net assets bgtwoen fvnds Unrestricted funds 2024 Restricted funds 2024 Total 2024 Fund balancgs at 31 May 2024 aro roprosgntod by: Current assetsl(liabilities) 123,185 78,600 201,785 123,185 78,600 201,785 Unrestricted funds 2023 Rastrictsd funds 2023 Total 2023 Fund balan¢os at 31 May 2023 arg ropresgntod by: Tangible assets Currenl assetsl(liabilities) 396 176,083 396 195,379 19,296 176,479 19,296 195,775 16 Related paty transactions There were no disclosable related party transactions during the year (2023- none). 19-