2022-03-31-accounts - The Sussex Heart Charity

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	Page	Page
Report ofthe Trustees	1	to	7
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet	10	to	11
Cash Flow Statement		12
Notes to the Cash Flow Statement
Notes to the Financial Statements	14	to	22

FOR THK YEAR END	ED 31 MARCH 202	2
					2022	2021
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes
INCOME AND ENDOWMENTS FROM Donations and legacies			345,876	4,620	350,496	727,816
Charitable activities
Cardiac Care			4,000		4,000
Other trading activities Investment income			720 10,935		720 10,935	1,683 7,761
Total			361,531	4,620	366,151	737,260
EXPENDITURE ON Raising funds			26,546		26,546	38,307
Charitable activities
Cardiac Care			152,824	4,620	157,444	107,280
Total			179,370	4,620	183,990	145,587
Net gains on investments			9,700		9,700	78,,856
NET INCOME			191,861		191,861	670,529
RECONCILIATION	OF FUNDS
Total funds brought forward			1,168,438	1,000	1,169,438	498,909
TOTAL FUNDS CAIGUli.'D FORWARD			1,360,299	1,000	1,361,299	1,169,438

BALANCE SHEET 31MARCH 2022
				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes
FIXEDASSETS Tangible assets Investments	14 15	326 759,228		326 759,228	435 609,667
		759,554		759,554	610,102
CURRENT ASSETS Debtors Cash at bank and in hand	16	417,406 206,356	1,000	417,406 207,356	218,282 358,790
		623,762	1,000	624,762	577,072
CREDITORS Amounts falling due within one year	17	(23,017)		(23,017)	(17,736)
NET CURRENT ASSETS		600,745	1,000	601,745	559,336
TOTAL ASSETSLESSCURRENT LIABILITIES		1,360,299	1,000	1,361,299	1,169,438
NET ASSETS		1,360,299	1,000	1,361,299	1,169,438
FUNDS Unrestricted funds Restricted funds	18			1,360,299 1,000	1,168,438 1,000
TOTAL FUNDS				1,361,299	1,169,438

CASH FLOW STATEMENT FOR THE YEAR ENDED 31MARCH	2022
		2022	2021
	Notes
Cash flows from operating activities Cash generated &om-operations	1	(22,507)	359,877
Net cash (used m)/provided by operating	activities	(22,507)	359,877
Cash flows from investing activities Purchase offixed asset investments Sale offixed asset investments Interest received		(181,937) 42,075 10,935	(299,361) 208,379 7,761
Net cash used in investing activities		(128,927)	(83,221)
Change in cash and cash equivalents the reporting period	in	(151,434)	276,656
Cash and cash equivalents at the beginning ofthe reporting period		358,790	82,134
Cash and cash equivalents at the end the reporting period	of	207,356	358,790

FOR	THE YEAR ENDED 3	THE YEAR ENDED 3	THE YEAR ENDED 3	1MARCH 2022	1MARCH 2022
	RECONCILIATION			OFNET INCOME TO NET CASH FLOW FROM		OPERATING ACTIVITIES
						2022	2021
	Net income	for the	reporting		period (as per the Statement ofFinancial
	Activities)					191,861	670,529
	Adjustments	for:
	Depreciation	charges				109	145
	Gain on investments					(9,700)	(78,856)
	Interest received					(10,935)	(7,761)
	Increase in debtors					(199,124)	(177,810)
	Increase/(decrease)		in	creditors		5,282	(46,370)
	Net cash (used in)/provided				by operations	(22,507)	359,877
2.	ANALYSIS	OF CHANGES			IN NET FUNDS
					At 1.4.21	Cash flow	At 31.3.22
	Net cash
	Cash at bank	and in	hand		358,790	(151,434)	207,356
					358,790	(151,434)	207,356
	Total				358,790	(151,434)	207,356

FOR	THE YEAR ENDED 31M	THE YEAR ENDED 31M	THE YEAR ENDED 31M	ARCH 2022
4.	INVESTMENT INCOME
						2022	2021
	Dividends	and Interest				10,935	7,761
5.	INCOME	FROM	CHARITABLE ACTIVITIES
						2022	2021
				Activity
	HMRC - Employment
	Allowance			Cardiac Care		4,000
6.	RAISING	FUNDS
	Raising donations		and legacies			2022	2021
	Staffcosts					17,692	29,991
	Other Fundraising		Events			2,522	3,783
						20,214	33,774
	Investment	management		costs		2022	2021
	Portfolio management					6,332	4,533
	Aggregate	amounts				26,546	38,307
7.	CHARITABLE ACTIVITIES COSTS
					Direct	Support
					Costs (see	costs (see
					note 8)	note 9)	Totals
	Cardiac Care				55,302	102,142	157,444

FOR	THE YEAR ENDED 3	THE YEAR ENDED 3	1 MARCH 2022	1 MARCH 2022
8.	DIRECT COSTS OF		CHARITABLE ACTIVITIES			2022	2021
	Grants, Bursaries and Community Motor and Travel			Projects		51,073 2,090	5,935 1,824
	Insurance					2,030	2,030
	Depreciation					109	145
						55,302	9,934
9.	SUPPORT COSTS
						Governance
					Management	costs	Totals
	Cardiac Care				98,736	3,406	102,142
	Support costs, included		in the above, are as follows:			2022	2021
						Cardiac	Total
						Care	activities
	Salaries					88,303	85,798
	Office Costs	(incl Telephone)				10,433	7,350
	Independent	Examination				1,680	1,520
	Legal and Bookkeeping					1,726	2,678
						102,142	97,346

		2022	2021
Independent	Examination	1,680	1,520
Depreciation	- owned assets	109	145

Staffcosts consist ofthe following:
	2022	2021
Seconded staff Rom NHS Wages and Salaries Social Security Costs Pension Costs	61,851 39,000 4,161 983	74,896 39,000 4,170 819
Average Number ofEmployees

No employee received emoluments in excess off60,000(2021none).	No employee received emoluments in excess off60,000(2021none).	No employee received emoluments in excess off60,000(2021none).
COMPARA. TIVESFOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted			(2021) Restricted	Total
		funds	funds	funds
INCOME AND ENDOWMENTS FROM Donations and legacies		726,816	1,000	727,816
Other trading activities Investment income		1,683 7,761		1,683 7,761
Total		736,260	1,000	737,260
EXPENDITURE ON Raising funds		38,307		38,307
Charitable activities Cardiac Care		107,280		107,280
Total		145,587		145,587
Net gains on investments		78,856		78,856
NET INCOME		669,529	1,000	670,529
RECONCILIATION	OF FUNDS
Total funds brought	forward	498,909		498,909
TOTAL FUNDS CARRIED FORWARD		1,168,438	1,000	1,169,438

Net movement in funds, includ	ed in t	he above ar	e as follows:
			Incoming resources	Resources expended	Gains and losses	Movement in funds
Unrestricted funds General fund			361,531	(153,276)	9,700	217,955
Designated Fund - Education Grants/Bur s aries Designated Fund - Small Equipment		Grants		(2,545) (4,477)		(2,545) (4,477)
Designated Fund - Automated Defibrillator (AED) Grants	External			(19,072)		(19,072)
			361,531	(179,370)	9,700	191,861
Restricted funds
Donations for AED			4,620	(4,620)
TOTAL FUNDS			366,151	(183,990)	9,700	191,861
Comparatives for movement	in funds
					Net
					movement	At
				At 1.4.20	in funds	31.3.21
Unrestricted funds General fund				88,909	669,529	758,438
Designated Fund - Major Equipment Grants				50,000		50,000
Designated Fund - Education Grants/Bur s aries Designated Fund - Small Equipment		Grants		30,000 40,000		30,000 40,000
Designated Fund - Professional Development Bursary				20,000		20,000
Designated Fund - Automated Defibrillator (AED) Grants Designated Fund - Research	External Projects			40,000 30,000		40,000. 30,000
Designated Fund -Covid-19 Response Fund Designated Fund - Projects Fund				100,000 100,000		100,000 100,000
				498,909	669,529	1 168438
Restricted funds Donation for.ANP Team					1,000	1,000
TOTAL FUNDS				498,909	670,529	1,169,438

Comparative net movement in funds, i	ncluded in the above are a	s follows:
	Incomlllg	Resources	Gains and	Movement
	resources	expended	losses	in funds
Unrestricted funds General fund	736,260	(145,587)	78,856	669,529
Restricted funds Donation for ANP Team	1,000			1,000
TOTAL FUNDS	737,260	(145,587)	78,856	670,529