| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
|||
| Report ol'the Trustees | 2 | to | l0 |
| Report ofthe Independent Auditors |
ii | to | l3 |
| Statement ofFinancial Activities | 14 | ||
| Balance Sheet | i5 | ||
| Cash Flow Statement | l6 | ||
| Notes to the Cash Flow Statement | l7 | ||
| Notes to the Financial Statements | 18 | to | 27 |
| TRUSTEES | TRUSTEES | IJ Armstrong | ||||||
|---|---|---|---|---|---|---|---|---|
| K Yeowan | ||||||||
| STownsley | ||||||||
| TYeldham | ||||||||
| Thc nnstecs | are collectively | refcrrcd to as both 0» board | oftrustees and the |
Manaaemcm | Committee. | They are also directors | for the purposes of the | |
| Companies | Act. | |||||||
| REGISTEREDOFFICE | Unit 1,Newton | Business | Centre | |||||
| Newton Chambers |
Road, | Thomcliffe | Park | |||||
| Chapeltown | ||||||||
| SheAield | ||||||||
| S352PH | ||||||||
| REGISTERED COMPANY NUMBER | 06268494 (England | and Wales) | ||||||
| REGISTEREDCHARITY NUMBER | 1120756 | |||||||
| AUDITORS | Wyatt, Morris, | Golland Ltd | ||||||
| Statutory Auditors |
||||||||
| Park House | ||||||||
| 200 Drake Street | ||||||||
| Rochdale | ||||||||
| Lancashire | ||||||||
| OL16 IPJ | ||||||||
| FINANCE OFFICER | SClayton |
| Unrestricted | funds | 1,424,252 |
|---|---|---|
| Restricted | funds | 39,895 |
| Total funds | l,464,147 |
| FO | RTHE YEAR | ENDED 30APRIL | 2022 | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | fimds | funds | funds | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
488,636 | 50,000 | 472,241 | |||
| Other trading activities | 186,000 | 186,000 | ||||
| Invesunent income |
4,402 | 4,402 | 4,&31 | |||
| Total | 679,038 | 50,000 | 729,038 | 477,072 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 17/10 | 17/10 | 33,940 | |||
| Charitable activities |
||||||
| Charitable activities |
381,686 | 83,700 | 513,985 | |||
| Total | 399,496 | $3,700 | 4&3,196 | 547,925 | ||
| Net gains/(losses) on investments |
(111,132) | (111,132) | 261,781 | |||
| NET INCOME/(EXPENDITURE) | 168,410 | (33,700) | 134,710 | 190,928 | ||
| Transfers between I'unds |
17 | (64,814) | 64414 | |||
| Net movement in funds |
103896 | 31,114 | 134,710 | 190,928 | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought forward |
1320,656 | 8,7$1 | 1329,437 | 1,138,509 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,4244,52 | 39+95 | 1,464,147 | 1,329,437 |
| 30A | PRIL 2022 | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Unrestricted | Restricted | Total | Total | ||
| Notes | funds f |
funds | fundsf | funds f |
|
| FIXEDASSETS | |||||
| Tangible assets Investments |
12 13 |
24,749 1,051~1 |
39~ | 24,749 1,091,126 |
27,268 1,208,251 |
| 1,075,980 | 39495 | 1,115/75 | 1,235819 | ||
| CURRENT ASSETS Stocks |
14 | 7488 | 7~ | 9,789 | |
| Debtors | 15 | 129,792 | 129,792 | 46,399 | |
| Cash at bank and in hand | 289,125 | 289,125 | 173,492 | ||
| 42~05 | 426405 | 229,6&0 | |||
| CREDITORS | |||||
| Ainounts falling due within one year |
16 | (77,933) | (77rt33) | (135,762) | |
| NET CURRENT ASSETS | 93,918 | ||||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 1,424/52 | 39/95 | 1,464,147 | 1,329,437 | |
| NET ASSETS | 1,424/52 | 39/95 | 1,464,147 | 1,329,437 | |
| FUNDS | 17 | ||||
| Unrestricted funds |
1,424~2 | 1,320,656 | |||
| Restricted funds |
39~5 | 8,781 | |||
| TOTAL FUNDS | 1,464,147 | 1,329,437 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | E | ||||
| Cash flows from operating activities | |||||
| Cash generated from operations |
116/31 | 52,804 | |||
| Net cash provided by operating activities |
116,831 | 52,804 | |||
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed |
assets | (7/51) | (17,992) | ||
| Purchase offixed asset investments | (52,820) | (832,450) | |||
| Saleoffixed asset investments | 58/13 | 839,600 | |||
| Interest received | 160 | 217 | |||
| Net cash used in investing | activities | (1,198) | (10,625) | ||
| Change in cash and cash |
equivalents | in the | |||
| reporting period |
115,633 | 42,179 | |||
| Cash and cash equivalents | at the beginning of | ||||
| the reporting period |
173,492 | 131,313 | |||
| Cash and cash equivalents | at the end | ofthe | |||
| reporting period |
289,125 | 173,492 |
| NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30APRIL 2022 |
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30APRIL 2022 |
|||||
|---|---|---|---|---|---|---|
| RECONCILIATION | OF NET INCOME TO NET CASH FLOW FROM OPERATING | ACTIVITIES | ||||
| 2022 | 2021f | |||||
| Net income | for the | reporting | period (as per the Statement ofFinancial | |||
| Activities) | 134,710 | 190,928 | ||||
| Adjustments | for: | |||||
| Depreciation | charges | 9,153 | 6,435 | |||
| Losses/(gain) | on investments | 111&132 | (261,78I) | |||
| Loss on disposal offixed assets | 717 | 730 | ||||
| Interest received Decrease in stocks |
(160) 2~1 |
(217) 10,237 |
||||
| (Increase)/decrease | in | debtors | (83/93) | 83,226 | ||
| (Decrease)/increase | in | creditors | (57,829) | 23,246 | ||
| Nct cash provided | by | operations | 116/31 | 52,804 | ||
| ANALYSIS | OFCHANGES IN NET FUNDS | |||||
| At 1.5.21 | Cash flow | At30.422 | ||||
| f | f | 8 | ||||
| Net cash | ||||||
| Cash at bank | and in | hand | 173,492 | 115,633 | 289,125 | |
| 173,492 | 115,633 | 289,125 | ||||
| Total | 173,492 | 115,633 | 289,125 |
| DONATI | ONS AND LEGACIES |
||
|---|---|---|---|
| 2022f | 2021 f |
||
| Donations | 165,815 | 167,004 | |
| Legacies | 85,694 | ||
| Grants | 80,000 | 75,519 | |
| Donations | received from PHA (UK) | 200,027 | 214,632 |
| Donation | in lieu ofhonorariuin | 1,304 | |
| Emphasis | 10Licence fees | 4,500 | |
| Other income | 5,777 | 6,650 | |
| Furlough | income | 1/23 | 2,632 |
| 538,636 | 472,241 |
| 2022f | 2021 f, |
||
|---|---|---|---|
| Actelian | 10,000 | ||
| Bayer | 10,000 | 23,915 | |
| GSK | 11,500 | ||
| South Yorkshire Covid 19 | 4,008 | ||
| Merck Sharp Dohm Covid19 | 10,000 | 9,048 | |
| Smiths | 8,000 | ||
| Lottery | 9,048 | ||
| Janssen | 60,000 | ||
| 80,000 | 75,519 | ||
| OTHER | TRADING ACTIVITIES | ||
| 2022f | 2021f | ||
| Emphasis | 10licence fees | 186,000 |
| 2022 | 2021f | ||
|---|---|---|---|
| Investment | income | 4/42 | 4,614 |
| Deposit account interest | 160 | 217 | |
| 4,402 | 4,831 | ||
| RAISING | FUNDS | ||
| Raising donations and legacies | |||
| 2022 | 2021 | ||
| Commissions and fundraising |
8W3 | 23,836 | |
| Fundraising | costs | 8,917 | 10,104 |
| 17/10 | 33,940 |
| Support | |||||||
|---|---|---|---|---|---|---|---|
| Direct | costs (see | ||||||
| Costs f |
note 7) f |
Totalsf | |||||
| Charitable activities |
263,444 | 201842 | 465/86 | ||||
| SUPPORT COSTS | |||||||
| Governance | |||||||
| Management f |
Finance | costs | Totals f |
||||
| Charitable activities |
169422 | 9,797 | 22/23 | 201,942 | |||
| NET INCOME/(EXPENDITURE) | |||||||
| Net income/(expenditure) | is stated atter charging/(crediting): | ||||||
| 2022f | 2021 f |
||||||
| Auditors remuneration |
5,700 | 5,600 | |||||
| Depreciation - owned assets | 9,153 | 6,435 | |||||
| Deficit on disposal offixed assets | 717 | 730 | |||||
| Auditors remuneration |
non audit work | 5,781 | 5,461 | ||||
| TRUSTEES' REMUNERATION There were no~' remuneration |
AND BENEFITS or other benefits |
for | the year ended 30th April 2022, nor for the year ended 30th A |
||||
| 2021. | |||||||
| Trustees Expenses: | |||||||
| 2022 | 2021 | ||||||
| f | |||||||
| Amounts paid to trustees |
51,422 | 51,473 |
| STAFFCOSTS | |||||
|---|---|---|---|---|---|
| 2022f | 2021f | ||||
| Wages and salaries | 59/51 | 64,740 | |||
| Social security costs | 1/50 | 1,404 | |||
| Other pension costs | 964 | 1,183 | |||
| 61,465 | 67,327 | ||||
| The average monthly number |
ofemployees | during the year was as follows: | |||
| 2022 | 2021 | ||||
| Administration | 2 | 3 | |||
| No employees received emoluments |
in excess off60,000. | ||||
| The salaries ofkey personnel | in the | year were f34/15 (2021 - f33,754). | |||
| COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES | |||||
| Unrestricted | Restricted | Total | |||
| fundsf | funds | fundsf | |||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
447,278 | 24,963 | 472,241 | ||
| investment income |
4,831 | 4,831 | |||
| Total | 452,109 | 24,963 | 477,072 | ||
| EXPENDITURE ON | |||||
| Raising funds | 33,940 | 33,940 | |||
| Charitable activities |
|||||
| Charitable activities |
390,890 | 123,095 | 513,985 | ||
| Total | 424,830 | 123,095 | 547,925 | ||
| Net gains on investments | 261,781 | 261,781 | |||
| NET INCOME/(EXPENDITURE) | 289,060 | (98,132) | 190,928 | ||
| Transfers between funds |
(47,214) | 47,214 | |||
| Net movement ln funds |
241,846 | (50,918) | 190,928 | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward |
1,078,810 | 59,699 | 1,138,509 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,320,656 | 8,781 | 1,329,437 |
| 12, | TANGIBLE FIXEDASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| and | Oflice | |||
| fittings | equipment | Totals | ||
| K | ||||
| COST | ||||
| At I May 2021 | 11,916 | 44499 | 56/15 | |
| Additions | 1,637 | 5,714 | 7/51 | |
| Disposals | (4,076) | (4,076) | ||
| At 30April 2022 | 13453 | 46+37 | 60,090 | |
| DEPRECIATION | ||||
| At I May 2021 | 6,634 | 22,913 | 29~7 | |
| Charge for year | 1&038 | 8,115 | 9,153 | |
| Eliminated on disposal |
(3459) | (3/59) | ||
| At 30April 2022 | 7,672 | 27,669 | 35/41 | |
| NET BOOKVALUE | ||||
| At 30April 2022 | 5I | 18468 | 24,749 | |
| At 30April 2021 | 5,282 | 21,986 | 27,268 | |
| 13. | FIXEDASSETINVESTMENTS | |||
| I.isted | Listed | |||
| Investments | Invesunents | |||
| 2022 | 2021 | |||
| f | ||||
| Market value at 1stMay 2021 | 1,208,251 | 953,620 | ||
| Additions | 52,820 | 832,450 | ||
| Disposals | ( 58,813) | (839,600) | ||
| Unrealised (loss)/gain |
(112,572) | 251,276 | ||
| Realised gain | 1,440 | 10/05 | ||
| Mmket value at 30th April 2022 | 1,091,126 | 1,208,251 | ||
| Historical cost at 1stMay 2021 |
928,553 | 636,972 | ||
| Addition | 52,820 | 832,450 | ||
| Disposals | (60,186) | (540,869) | ||
| Historical cost at 30th April 2022 |
921,187 | 928,553 |
| STOCKS | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Stocks | 7~ | 9,789 | ||
| DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | |||
| f. | ||||
| Trade debtors | 13,159 | 4,853 | ||
| Other debtors | 14 | |||
| Pulmonary Hypertension |
||||
| Association (UK) | 80,719 | 20,693 | ||
| Accrued income | 10,673 | 3,378 | ||
| Prepayments | 25/27 | 17,475 | ||
| ]29,792 | 46,399 | |||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | |||
| Trade creditors | 22,402 | 16,356 | ||
| Social security and other taxes | 3,157 | 2,135 | ||
| Accruals and deferred income | 52/74 | 117/71 | ||
| 77,933 | 135,762 | |||
| MOVEMENT IN FUNDS | ||||
| Net | Transfers | |||
| movement | between | At | ||
| At 1.5.2l | in tunds | funds | 30.4.22 | |
| f | f | |||
| Unrestricted funds |
||||
| General fund |
420,656 | 331450 | (228455) | 524/51 |
| Medical Research | 250,000 | (54,000) | 54,000 | 250,000 |
| Development and Printing ofBooklets and |
||||
| Online content | 350,000 | (48,265) | 48/65 | 350,000 |
| Awareness Activities |
80,000 | (17,520) | 17/20 | 80,000 |
| Fundraising Activities |
S0,000 | (17,594) | 17/95 | 50,001 |
| Contingency Fund |
65,000 | 6S,000 | ||
| Patient 8.Peer, Education &Support Events | 10S,000 | (26,061) | 26,061 | 105,000 |
| I/20,656 | 168,410 | (64/I4) | 1,424/52 | |
| Restricted funds | ||||
| Living with PH Covid-19 Impact |
8,781 | (73/95) 39~ |
64/I 4 | 39/95 |
| 8,781 | (33,700) | 64/14 | 39/95 | |
| TOTAL FUNDS | 1/29,437 | 134,710 | 1,464,147 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources f |
expended | losses f. |
in funds | ||
| Unrestricted funds |
|||||
| General fund | 679,038 | (236,056) | (111,132) | 331/50 | |
| Medical Research | (54,000) | (54,000) | |||
| Development and Printing of Online content |
Booklets and | (48/65) | (~65) | ||
| Awareness Activities |
(17420) | (I7+20) | |||
| Fundraising Activities |
(17494) | (17J94) | |||
| Patient k.Peer, Education k.Support Events | (26,061) | (26,061) | |||
| 679,038 | (399,496) | (111,132) | 168,410 | ||
| Restricted funds | |||||
| Living with PH | (73/95) | (73495) | |||
| Covid-19 Impact | 50,000 | (10,105) | 39J!95 | ||
| 50,000 | (83,700) | (33,700) | |||
| TOTAL FUNDS | 729,038 | (483,196) | (111,132) | 134,710 | |
| Comparatives for movement |
in funds | ||||
| Net | Transfers | ||||
| movement | between | At | |||
| At 1.5.20 | in funds | funds | 30.4.21 | ||
| f | f | f | |||
| Unrestricted funds |
|||||
| General fund | 17&,8]0 | 423,850 | (182,004) | 420,656 | |
| Medical Research | 250,000 | (43,856) | 43,856 | 250,000 | |
| Development and Printing ofBooldets and |
|||||
| Online content | 3S0,000 | (62,934) | 62,934 | 350,000 | |
| Awareness Activities |
80,000 | (36,599) | 36,599 | 80,000 | |
| Fundraising Activities |
50,000 | 8,599 | (8,599) | 50,000 | |
| Contingency Fund Patient 4 Peer, Education 8cSupport Events |
65,000 105,000 |
65,000 105,000 |
|||
| 1,078,810 | 289,060 | (47,214) | 1,320,656 | ||
| Restricted funds | |||||
| Living with PH | 59,699 | (50,918) | 8,781 | ||
| Breelib Project | (47,214) | 47,214 | |||
| 59,699 | (98,132) | 47,214 | 8,781 | ||
| TOTAL FUNDS | 1,138,509 | 190,928 | 1329,437 |
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| Unrestricted funds |
||||
| General fund | 437,594 | (275,525) | 261,781 | 423,850 |
| Medical Research | 53 | (43,909) | (43,856) | |
| Development and Printing ofBooklets and |
||||
| Online content | (62,934) | (62,934) | ||
| Awareness Activities |
(36,599) | (36,599) | ||
| Fundraising Activities |
14,462 | (5,863) | 8,599 | |
| 452,109 | (424,830) | 261,781 | 289,060 | |
| Restricted funds | ||||
| Living with PH | (50,918) | (50,918) | ||
| Breelib Project | 15,915 | (63,129) | (47,214) | |
| Lottery Grant | 9,048 | (9,048) | ||
| 24,963 | (123,095) | (98,132) | ||
| TOTAL FUNDS | 477,072 | (547,925) | 261,781 | 190,928 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Land & | Land Ec | ||||||
| Expiry | date: | Building f |
Other | Building f |
Other | ||
| Within | I to 5years | ||||||
| 129,277 | 14,336 | 168,060 | 21,504 | ||||
| 129,277 | 14,336 | 168,060 | 21,504 |