Charlty regi5trdtion number 1122442
ATRIAI FIBRILLATION ASSOCIATION
ANNUAL REPORT AND UNAUDITED FINANCiAL STATEMENTS
FOR THE YEAR ENDEO 31 DECEMBER 2023

ATRIAL FIBRILLATION ASSOCIATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Prof. AJ Camm
Mrs PJ Mudd
OrMRFay
Dr J Clayton Cannon
Or A Grrffiths
Charlty number
1122442
Prlnclpal address
TC Group
Celixir House
Strarford Business & Technology Park
Stratford Upon Avon
Warwickshire
LW37 7GZ
Independent examiner
TC Group
Cellxir House
Stratford Business & Technology Park
Innovation Way, Banbury Road
Strntford-upon-Avon
WaN1c￿h1re
United Kingdom
CV37 7GZ

ATRIAL FIBRILLATION ASSOCIATION
CONTENTS
Page
Trustees report
Independent examiner's report
Statement of financial activities
Balance sheet
io
Notes to the financial statements
11-18

ATRIAL FIBRILLATION A55OCIATION
TRusfEES REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their annual report and financial ststements for the year ended 31 December 2023.
The financial statements have been prepared in ac¢ord3ncè with the accounting policies set c)ut in note I to the
financial ststements and tomply w¢th the Charity's18overnin8 documentl. the Charities Art 2011 and "Accounting
and Reporting by Charities.. Statèment of Recommended Practice applicable to charities preparin8 their acco4Ents
in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021.
leffective l January 20191.
Objectlves and artlvitle5
Objectives onduim5
The principal aim of the charity is..
To raise awareness of Atrial FibrillatFon IAFI by providing information and support materials for patient5 and
medical profe55ionals involved in detectin8, diagnosing and managin6 Atrial Fibrillation.
Principol objects
The principal objectives of the charity are..
To provide support and information on Atrial Fibrillètion to those affected by this condition.
To advance the education of the medical profession and the general public on the subject of Atrial Fibrillation.
To promote research into the manaÈement of Atrial Fibri51ation.
Public benefit
The Trustees have paid due regard tp suidance Issued by the Charity Commission in decicting what Hrtivities the
Charity should undertake. The Trustees confirm that they have complied with their duty under Section 4 of the
Charities A¢t 2011 to have regard to the Charity COMMI￿10n.S general guidance on public benefrt.
Volunteers
AF Asso¢i3tion utilises volunteers to assist in our work.

ATRIAL FIBRILiATION A550CIATION
TRUSYEES REPORT ICONTINUEDI
FOR THE YEAR EAIDED 31 DECEMBER2023
Achievements and performance
AF Association contiftues to provide information, svpp(>rt, and access to established, new or innovative treatments
fL¥r Atrial Fibrillation. AF Assoc works globally with healthc3re professionals and all those living with AF. During
2023 we were pleased to be ablè tts meet our patients. caregivers, and healthcare profe55ionals face to face again
to provide information, support. education and awareness on Atrial Fibrill8tion, delivering the latest technologie5
and treatments to optim12e outcomes for all those living with or affected by Atrial Fibrillation.
l. Supporting patlents and care¥lvtr5
Patlents Education31 Opportunltles
In January the Patient Services Team presented online to 166 employees of the Lloyds Banking Group. The
presentation 'What is Atrial Fibrillation?,, the importance of KYP., early AF detection. rlsks posed by AF, and an
intro to wearable ECG devlce5. The presentation also Included Defibs Save lives and the importante of accessing
AED within the Community. From this presentation there were follow up patient storÈès recorded, and Uoyd5 Bank
8royp also started fundraising activities and hosting events within their branches.
AF Vlrtual Coffee Mornln£s
The Patient Service5 Team encourage5, 8uides, and interact5 to ensure everyone has equal opportunity to
contribute and speak during our virtual coffee mornings. There were mèetsngs throtsghout the year including May,
lune, July, September, and November. Also. other opportunities for attendance were during charity aWa￿nesS
weeks Global AF AwaTene55 Week and World Heart Rhythm Week all of which werè advertised through our
webslte. e news, online groups and atross our social media channels. Covering information and discussion5 on
atrial fibrill3tion. blood pre55ure and AF & travel advlce. Whilst still promoting our core messaging Prevent
Detert. Proteit, Corrert, Pèrfert
Many questions were submitted prior to the meetings example5 were: _
Is permarkenvpèrsistent AF life-limitin8P Why 15 anttcoaEulant recommended if you only have 2 or 3 AF episodes
each yearP How to manage AF during the nightP
Atrlal Fibrillatlon Association virtual Coffee mornings are appreciated by all who attend, and we have received
POSltive feedback following each event.
AF West Yorkshire Patlent and Careeiver Symposla
Thi5 symposium was split into two individual sessions. The moming sèssion being for patients and caregivers and
the afternoon bèing for healthcare professionals. The event took placé on Tuesday 18 April 2023
at The Tetley, Leeds. The AF A550ciation's West Yorkghire Patient ènd Caregiver Symposium promoted the message
'Prevent, Detect, Protect, Correct and Perfect,. The symp05ium included talks led by Medical professionaS5 arid
htghlighted Know Yovr Pulse to Know Your Heart Rhythm - ftt cotjld save your life", the patient care pathway and
accessing appropriate treatment options,. 35 well as è study on Atrial Fibrillètion.
The AF Associ8tion's West Yorkshire Symposium (for healthcare professiona151 highlighted symptoms and rhythm
control. patient experiences and how the NHS Health Check can detect Atrial Fibrillation.

ATIUAL F18RIILATION ASSOCIATION
TRUSTEES REPORT ICONTINUEO}
FOR 7HE YEAR ENDED 310ECEMBER 2023
Llvlng wlth .. AF. _ AF A5$0eiation contlnuèd throughout 2023 promoting the vlrtval 'LEvin8 wlth AF serles.
patient educational series, that feature5 many medical experts in the field of AF who offer advice and informatlon
from diagnosis to managing symptoms and treatment options available.
Patients and Caregiver5 are able to a£￿sS many hours of edtscatlonal videos from the comfort of their own home.
AF Asso¢i¥tion Patlents Day- During HRC2023
Held at the Hyatt Regency Birmingham. thls year was thÈ first in petson Atrial Fibrillation Patiènts Day since 2019
due to the covid pandemic, feedbatk post event confirmed the presentations were very well rètèived with over
70% ststing that everything met or exceeded expectation.
Patients Day provide5 medical professional and experts wtth a uniqLte opportunty to interact wlth people and
learn insights into the debilitating symptoms and treatments for AtTial fibrlllation. Patients can share views and
experiences with others in similar situation5.
Topi￿ of the pre5entst*ons covered.._
Just diagnosed what do I do now?
What ale anticoagulants,
Types Df ablatFons, and knowing which is best for each person,
What's new on the horizon ft)T AF, and a live Patient Story
Know Your Pulse Campalgn
Know Your Pulse IKYPI campaign promotes the need to be aware of our pulse and the rhythm of our heart. If pulse
hecks were routine, thousands of livÈs could be saved every year, thruugh the prevention of AF.related strokes.
Our website informatÈon contains many new videf)s and educational materials.
Know Your Pulse- AF Association- UK
heartrh hmalliance.o
Patient Services Team presented through an online teams call that was attended by 166 employees of Lloyds
Banking Group. The presentation What is Atrial Fibrillatton?. the importantè of KYP and early AF detertion- risks
posed by AF arid an introduction to wearable ECG devices. afterward with Lloyds to pursue hosting KYP events Sn
their branches.
Healthcare Professional Events
AF Assoclation at HRC 2023
Atrial Fibrillation Association Symposium for Hèalthcare Professionals at the annual Heart Rhythm Congress
organised by 51Ster charity Arrhythmia Alliance, thi5 year covered., Restoring the Rhythm.. Atrial FibrillatTron and
Heart Failure and Is the furure of DOAC'S bright.
The Adam Fitzpatrick Plenary session also Coverèd Atrial Fibrillation in Heart Failure with a preserved *je¢tion
fraction= What do we know and what do we r¢eed to knowP

ATRIAL FIBRItLATION ASSOCIATION
TRusfEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER2023
Patient Sumys and Patient Studies
AF Association Teceives requests from research groups to assist with bettei understanding the need5 and
challenges for people livÈng with AF. Patients and caregivers have expressed an interest in contributing to these
research proÉr3ms to hopefully improve outcomes for themselve5 and othÈrs in due course.
An anticoagulant survey during Feb and March 2023, which addressed brand Vs generic anticoaBulants
differences. There are only two maln difference5 between generic and brand-name drug5'.The inarti¥¢
ingredlents, such as flavorin8 or prestr￿tlY￿s. may thany. Generics generally c05t le$5 than brand-name
versions. Thèn further survey covering simultaneous screening of high blood pressure and atrial fibrillation during
June and July 2023 were lust two of the subjects covered.
Patlent Support Group$ and Afflllated Groups
AF Association continues to establish, 5UPPOrt or welcome local group5 to become affiliated. We share suggested
agendas, AF Assoc resources and join the event whenever possible.
2. Raising Awarene55 of AF
Global AF Aware Week IGAFAWI- 20- 24 November 2023
AF Association h05ted the GAFAW2023 Reception Jt The Palace of Westmlnster, London, UK.
Now is the tlme to take control of your heart rh￿hM .... Its as Important as knowlng your Blood Pressure
Detett AF by a slmple pulse check lor one-lead ECG).
Protect against AF-related stroke tssing anticoa8ulation therapy.
Correct the irregular heart rhythm with access to appropriate equipment.
The AF Association Het71thcore Pioneer$ 2023 report Wa5 published, ond the winners 17nrfrgunced ut the recepttion.
The aim of the report is to provide case studies to inspire centers around the world to improvè care and Quality of
life for people living with AF. Tc* inspire others to improve care standards foi patients with AF, AF Association called
for healthcare teams to showcase their exemplary work in AF seryices. The tase studies were reviewed by an
international panel of AF expert judges. with the winners published in the AF Associotion Heolth¢ore Pioneers
Report - Showcosing Best Prt7rtic¢ in AF reporL
3. Fundraising
Fundraising events be8an to increase dlsring 2023 as they had slowed during the partdemic, with receipts of one-
off donations and an increase in online fundrnising and event5.

ATRIAL FIBRILLATION ASSOCIAnON
TRusfEES REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER2023
4. Rèsources
The publications and resource5 are revlewed regularly and thls year we have developed the followinE new
resources.'_
6 Myths of AF which was produced in poster, booklet and flyer fomiat.
AF Discussion Gutrdè, an AF Checklist, Mindfulnes5 and Healthy Living with A, battllng AF.
Resources are available on our websÈtè to download and view oi order to help fit)d a betttr understsnding of AF.
www.afa.or
.uk
Another successful busy year for AF Associat*on
n increase in enqt¢iries from both patient5. caregivers and
healthcare professionals
all seeking to better under5tsnd and improve the lives of those living with AF. AF
Association continues to meet these demands and is recogrhized globally as the number one so¢Jrce for
information and support ft>r all those affected by atwial fibrillation.
5. Ststlstics
Covering all our AF A1￿ciatIOn websites there have been 80223 views throughout 2023.
FollDwets 04) social media are CU￿ntIV at 7146
The email marketlnE for patients has an open rate of 46.1%. for HCP'S the rate 15 47.2%
All time members on heahh ut)locked is standing at 30.179
Financlal revlew
Operating Éyndfinuncitsl review
During the year the total of the charity's income resources was £158.44212022..£282,3771- Expendlture for the
vear was £214,846 12022..£206,9301. The charity had totsl funds at the Ènd of the year of £376,218
12022=£432,6221.
The Trustees have a strate8ic and operatsonal plart in place to ensure stability and Érowth.
Reserves policy
The Trustees have a p¢)liry of maintaining a level of unrestricted reservÈs which should ensure that there are
adequate ftsnds to meet anticipated future liabilities. prattice the Tru5tee5 consider that holding reserves
equivalent to a minimum of three months, core costs, excluding funds tied up in fixed assets. should provide
sufficient funds to respond to unexpected adverse change5 in the charity's funding or activities.
Mojor risks
The Trugtees have assessed the major risks to which the Charty is exposed, and are satisf*ed that systems are In
place to mitigate exposure to the major ri5k5.
Strnrture. governance and management
The charity IS CQn5tituted under a Charity Commission Scheme and is reglstered charrty number 1122442. The
charlty's actNitie5 are goverfied by a Declaration of Trust adopted on 300¢tober 2007. The Charity was granted
charitable ststus on 28 January 2008.

ATRIAL FIBRILLATION ASSOCIATION
TRUSTEES REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees who served during the year and up to the date of signature of the financial statements were:
Prof. AJ Camm
Mr5 PJ Mudd
DrMRFav
Dr J Clayton Cannon
Dr A Griffiths
Recruitrnent und oppointment oltrustees
The management of the charity is ihe responsibility of the Trustees who are elected and co-opted under the terms
of the Trust deed. There must at all times be a minimum of three Trustees in office. The first TIu5tees are entitled
to hold off for life. New Trustees are appointed by 3 resolution passed by the Trustees in special meeting.
Orgunisotionol structure
The AFA Board of Trustees meet twice per year with the AFA'S Chief Executive to oversee the directi>n and
financial management of the organisation. The Medical Advlsory Committee members support the Trustee5 Wlth
the Chief Executive who ts re5pon5ible for the strategic direction of the organisation and management of the staff,
volunteers and consultants who assist in the running rf AFA. Day to day management of the support swvices IS
carried out by an Information and Support Oflicer.
Induction ond troining OA trustees
New trustees undergo an orientation process to brief them on their legal obligation under charlty law, the charity's
governing documents, the committee and decision making Processes, the business plan and recent fina￿la1
performance of the charity. During the induction process they meet key employees and oiher trustees. Trustees
are encouraged to attend appropriate external and internal training events which will assist them in carrying out
their role.
other motters
Acknowled8ements
Atrial Fibrillation Association would Ilke to acknowledge the varioL¢S Trusts, Foundation and Mediol Indtjstry that
so generously gave their sUPPOrt during the financial year.
Connected chartties
Arrhythmia Alliance IAAI. a UK registered chartty, number 1107496 Is connected to AFA as an affi'lhte of the
umbrella organisation.
Syncope Trust and Reflex Anoxic Seizures ISTARSI, a UK registered charity, umber 1084898 is connected to AFA as
an affiliate of the umbrella or8anisation.
STARS US, Inc, a registered 501lcl non profit organisation in the USA is connected to AFA 05 an affiliate of the
umbrella oiganisation.

ATRIAL FIBRILLATION ASSOCIATION
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEM8ER2023
The Trustees report was approved by the Board of Trustèes.
Prof. AJ Camm
Trustee
2 July 2024

ATRIAL FIBRILLATION ASSOCIATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ATRIAt FI8RILL4TION ASSOCIATION
I report to the Tru5tee5 on my exorytination of the fiftancial ststements of Atrial Flbrillation Assoclation (the
Charity) for the year ended 31 December 2023.
Responsibilities and bas￿ of report
As the TrLkStees of the Charity you are responsible for the preparation of the financial statements in accordance
with the reouirements of the Chartttes Act 2011 (the 2011 Act).
I report in respect of my examination of the Charity's financial ststemerkts carried out Under section 145 of the
2011 Act. In carrying out my èxamination I have followed all the applicable Dlrettions given by the Charity
Commi55ion under section 14515llbl of the 2011 Art.
Independent examiner's statement
Your attention is drawn to the fact that the charity has preparèd financial statement5 in accordance with
Accounting and Reporting by Charities preparing their accounts in accordance with the Financi31 Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 in Pfeference to the Accounting and Reporting by
Charitie5.' Statement of Recommendèd Practice issued on l April 21￿5 which Ss referred to in the extant
regulations but has now been withdrawn.
l uftderstsnd that thi5 has been done in order for financlal statements to provide a true and fair view in
accordance with Generally Accepted Acctsunting Practice effertive for reporting periods beglnning on or after I
january 2015.
I have completed my examination. I confirm that no matters have come to my attention in connertion with the
examination givin8 me cause to believè that in any material respect:
ccounting records were not kept in respect of the Charity as required by se¢titsn 130 of the 2011 Art. or
the financial ststements do not accord with those rècords; or
the financial statements do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charitles (Accounts and Reportsl Regulations 2008 other than any requirement thzt
the accounts g￿ve a true and fair view which is not a matter considered as part of an independent
examination.
I have no concerns and have ¢ome 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 statements to be
reathed.
TC Group
Celixir House
Stratford Business & Technology Park
Innovation Way, Banbury Road
Stratford-upon.Avo
Warwitkshire
CV37 7GZ
United Kingdom
Dated.. 2 July 2024

ATRIAL FIBRILLATION ASSOCIATION
srATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER2023
Unrestricted
funds
2023
Unre#rlrted
funds
2022
Notes
In¢ome from:
Donation5 and legacies
Charitsble actlvities
Investments
68,686
86,376
3,380
133,505
148,669
203
Totsl Income
158,442
282.377
Expendilure on:
Charitsble 8ctivitie5
214,846
206,930
Totsl expenditure
214.846
206.930
Net incomtllexpenditurel and mo¥ement in funds
156,4041
75,447
Retonclllatlon of funds:
Fund balance5 at l January 2023
432,622
357,175
Fund balantès at 31 December 2023
376,218
432,622
The statement of fiftancial activities includes all gains and losses recogni5ed in the year. All income and
expenditure derive from continuirag artivities.

ATRIAL FIBRILLATION ASSOCIATION
BALANCE SHEET
ASAT31 DECEMBER2023
2023
2022
Notes
Current assets
Debt0I5
Cash ar bank and in hand
13
117.134
390.812
140.082
398,024
507,946
538,106
Credito￿. amounts falling due wlthln one
year
14
1131,7281
1105,4841
Net current ass*ts
376,218
432,622
Net assets excluding pension liabillty
376,218
432,622
The funds of the Charlty
Unrestricted funds
376.218
432,622
376,218
432,622
The financial statements were approved by the Trustees on 2 July 2024
Prof. AJ Camm
Trustee
10-

ATRIAL FIBRILLATION ASSOCIATION
NOTES TO THE FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountln8 pollcles
Charity informatlon
Atrial Fibrillatlon Association is a Unincorporated Charity regt5tered within the Charity Commission.
1.1 Accountlng convention
The financial statements have been preparEd in accordance with the Charity's trust deed, the Charf(ies Act
2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Irelaftd~ I-FRS 102,1
and the Charities SORP "Actounting and Reporting by Charitie5.' Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Staftdard
ppli¢able In the UK and Republic of IrelarEd IFRS 1021" leffectivè l January 20191. The Chartty is a Public
Benefit Entity as defined by FRS 102.
The Charity has tsken advantage of the provisions in the 50RP for charitie5 not to prepare a Statement of
Cash Flows.
The financial statements have departed from the Charltles IAccounts and Reports) Regulations 2008 only to
the extent required to provide è true and fair view. Thi5 departure has involved followlng the Ststement of
Retommended Practice for charttie5 applyinE FRS 102 rathèi than the version of the Statement of
Recommended Practlce which is referred to in the Regulations but which has si¥)ce been withdrawn.
The financial 5tstements are prepared in stedin& which is the functional currency of the Charity. Monetary
amounts in these financial 5tatement5 are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. the principal accounting
policies adopted are set out below.
1.2 Golng concem
At the time of approving the financial statemènts, the Trustees have a reasonable expertatlon that the
Charity has adequate resourtès to continue in operational existence for the fgreseeable fLtture. Thus the
rrustees contlnue to adopt the going ¢oncern basis of accounting in preparing the financial Statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees In furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantor5 as to htsw they may be used. The
purposes and uses of the restricted fvnds are set out in the nc*tes to the financial statements.
IA Income
Incorne is recognised when the Charity is legèlly entitled to it after aFLy performance conditions have been
meL the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recogntsed once the Charity has been
notified o* the donation, unless perform3n£e condition5 require deferrèl of the amount. Income tsx
recoverable in relation to donation5 re￿iVed under GSft Ald or deeds of covènènt is ￿cognISed at the time
of the donation.

ATRIAL FIBRILLATION ASSOCIATION
NOTES TO THE FINANCIAL sfATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMaER 2023
Accountlng ptyliciès
Icontlnuedl
Legacies Jre retognised on recelpt or otherwise if the Charity has been notified of an impending
distribution. the amount is known, and re¢eipt is expected. If the amount 15 not known, the leÈary is treated
as a contingent asset.
1.5 Expenditure
Expenditure is recognised once there is a legal or constTuttive obligation to transfer etonomic benefit to
third party, it 15 probable that a transfer of economic benefit5 will be required in settlement, and the amount
of the obligation can be measured reliably.
Expenditure 15 classrfied by activity. The costs of each activlty are made up of the totsl of dirert costs and
shared costs, including gupport costs involved in undertaking each attivity. Direct costs attributable to
single activity are allocated directly to th81 attivlty. Shared cost5 whith contribute to more than one activity
and support costs which are not attributable to a single activity are apportioned between those artivities on
basis con515tent with the use of resources. Central stsff costs are allocated on the basis of time spenL and
depreciation charges arè allotated on the portion of the asset's t2se.
1.6 Tan8lble fixed a￿ets
Tangible fixed assets are initially measured at cost and subsequèntly measured at cost or valuatlon, net of
deprec>ation and any impairment losses.
Deprèciatiott is recognised so as to write off the cost or valuation of assets less their residual walues over
their useful lives on the folluwing bases..
Computers
33% straight line
The gain or 1955 artsing on the disposal of an asset ts determined as the differen￿ between the sale
proceeds and the carrying value of the asset. and 15 reco8ni5ed the statement of financial activitie5.
1.7 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at c311 with banks, other short-term liquid
Investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are
$hown within borrowings in current liabilities.
1.8 FI￿n£la1 instrumÈnts
The Charity has elected to apply the provlsions of Section 11 'Bosic Financial Instruments, and Sertion 12
'Other Firt8nci81 Instruments Issues, of FRS 102 to all of its financial instfuments.
Flnancial instrumertts are rètognisÈd in the Charity's balance sheet when the Charity becomes party to the
¢ontrnctual provisions of the instrument.
Financial 85sets and lÈabilrties are offset, with the net amounts presented in the financial statements, when
there is a legally enfortèable right to set off the recognised amounts and there is an intention to settle on a
net b3si5 or to realise the asset and settle the liabllity simultsneouslv.
12-

ATRIAL FI8RILLATION ASSOCIATION
NOTES TO THE FINANCIAI STATEME NTS ICONTINUEDI
FOR THE YEAR ENDED31 DECEMBER 2023
Ac£ountlng pollcies
Icontlnued)
Ba51cllnanclul ossets
Basic finarkcial assets. which include debtors and cash and bank balance5, are initially meaSu￿d at
transartion pri¢È including transaction costs and are subsequently carried at amortised cost using the
effective interest method unle55 the arrangement constitutes 3 finanung transaction, where the transaction
Is measured at the Present value of the future receipts discounted at a market rate of interest. Financial
a55ets classified as receivable within one year are not amortlsed.
Ba51cllrwnciul liobllltles
Basic financial liabilitie5, includin8 rreditor5 and bank loans are initially recognised at tran5attion price unless
the arrangement constttutes a financing tranSÈrtion. where the debt instrument (s measured at the presènt
value of the future payments discounted at a market rate of interest. Financial liabsltties classified as payable
within one year are not amortised.
Debt Instruments are stjbsequently carried at amortlsed cost, using the effertive interest rate method.
Trade creditors are obligations to pay for goods or Services that have been acquired in the ordlnary course of
operations from suppliers. AmoLtnt5 payèble are dassified a5 current liabilities if payment 15 due within one
year or less. If not, they are presented as non.current liabilities. Trade creditors are recognised initially at
trdn5action price Ènd subsequently measured at amortlsed cost using the effertivè interest method.
Derecognition ofAlnonrlalliublllties
Flnancial liabilitie5 are derecogni5ed when the Charit<s contractual tsbligatlon5 explre or are di5¢harged or
cancelled.
1.9 Employee beneflts
The cost of any unused holiday entitlement 15 recognised in the period in whith the employee's services are
received.
Termination benefits are recognised immediately as an expense when the Charity is dernonstrably
committed to terminate the employment of an employee or to provide termination benefits.
1.10 Retirement benefit5
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Crltical accounting èstimates and judgements
In the application of the CharitV'5 accour¥ting policies, the Trustees are required to make judgements,
estimates and hssumptions about the carrying amount of assets and liabilities that are not reèdily apparent
from other sourtes. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual result5 may diffèr from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the peric>d in which the estimate 15 revised where the revision affects only that
period, or in the period of the ￿ViSIon and future peraods where the revision affects both cur￿nt and future
periods.
13

AThIAL FIBRILLATION ASSOCIATION
NOTES TO THE FINANCIAL sfATEMENTS ICONTINUEOI
FOR THE YEAR ENDED 31 DECEMBER 2023
Income from don3tions and legacles
Unrestricted
funds
2023
Unrestrirted
funds
2022
Donations and gifts
Grant5
Othèr fundraising and sponsorship
15,987
40,200
12,499
62,671
21,462
49,372
68,686
133.505
Inu>me Irom charltable acti¥5Ues
Unrestricted
funds
2023
Unrestri¢ted
funds
2022
Charftsble Income
Grants and other income
86,376
148,669
Income from investments
Unrestrlcted Unr¢5trlct•d
funds
funds
2023
2022
Interest receivable
3,380
203
14.

ATRIAL FIBRIUA710N ASSOCIATION
NOTES TO THE ANANCIAL STATEMETrifs (CONTINUED)
FOR niE YEAR ENDED 31 DECEMBER2023
Expendlture on charltable a¢tlvltles
Unre5trlrt?d Unrestrlrted
lund$
fund5
2023
2022
Dlred Costs
Staff costs
Printing, postage and stationery
Recharge5
66,003
6,473
117,608
62,507
3.964
103.891
190.084
170,362
Share of sUPPOrt and zovern•n<e costs (see note 71
Support
Govern3ncÈ
21.702
3.060
33,868
2,700
214,846
206.930
Analysis by fund
Unie5tricted funds
214.846
206,930
Support wsts allo¢ated to actlvltles
2023
2022
FundTaissng ctssts
other costs
Consultancy costs
BookkÈ8ping
Bank charges
Governance costs
216
1,992
18,000
1,620
234
660
8,596
22,350
1,620
642
2,700
2,7CM)
24,762
36,568
Analysed between:
Unrestricted funds
24,762
36,568
15-

ATRIAL FIBRILLATION ASSOCIATION
NryfES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Net movement In fund5
2023
2022
The net movemerFt in fiknds Is stated after charginBllcreditin81'.
Fees payable for the independent examination of the charity's financial
statements
2.700
2,700
Truste
None of the Trustees lor any person5 connethed with them) received any remuneration or benefit5 from the
Charity during the year.
Trustees. expense5
Therè we no trustees, expenses paid for the year ended 31 December 2023 nor for the year ended 31
Detember 2022.
10 Employees
The average monthly number of employees during the year was-
2023
Number
2022
Number
Employment costs
2023
2022
Wages and salaries
Social security costs
Other pension costs
58,637
6,047
1,319
55,243
5.951
1,313
66.003
62,507
There were no employees whose annual remuneration was more than £60.000.
11 Twtion
The charity is exempt from tsxatlon on its activitie5 because all its income Is applied for charitable purposes.
16-

ATRIAL FIBRILLATION ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEM8ER 2023
12 Tanglble flmed a55et5
mpultrs
Cost
At I january 2023
579
At 310ecember 2023
579
Depwiation and Impalrment
At l January 2023
579
At 31 December 2023
579
Carying amount
13 Debtors
2023
2022
Amounts falling due within one year:
Other debtor5
Prepayments and acciued intome
116,769
365
139,744
338
117,134
140,082
14 Credltors: amounts falllng due wlthln one year
2023
2022
Trade creditors
Other creditvrs
Accruals and deferred income
3,911
124,707
3,110
98,414
7,070
131,728
105,484
Ret1￿ment benefit Schemes
2023
2022
Defined contrlbutlon $d￿Me$
Charge to profit or loss in respect of defined contribution schemes
1.319
1.313
The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the Charity in an independently èdministered fund.
17-

ATRIAL FIBRILLATION ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER2023
16 Unrestricted funds
The unrestricted fLtnds of the charity comprise the unexpended balances of donations and grants which are
not subject to specifii conditions by donors and grantors as to how they may be used.
At l January
2023
Incomlng
resource5
Re50uTce5
expended
At31
DÈcember
2023
General funds
432,622
158,442
1214,$461
376,218
Previous year:
At l January
2022
Incomlng
resour¢es
Resources
expended
At31
December
202Z
General funds
357,175
282,377
1206,9301
432.622
17 Related party transactlons
There were no disc105able relatèd party transactions durin8 the year12022- none).
18 Tr4nsattlons wlth connected tharlties
During the year, the charity was recharged E,4800 12022.. £4.9111 by Arrhythmta Alliance IAAI. charity
number 1107496 for repaying sérvlces and £65,419 12022.. £49,958) for salary costs dviing the year.
RÈpaying of service5 was apportioned from AA fr)r £83,3761£148,6691. At the year end there was a balance
due from this charity of £107,24812022.. £90,852).
During the year, the charity w35 recharged £25,97012022-. £26,6721 by Syncope Trust and Reflex Anoxic
Seizures. charity number 1084898 for salary costs incltrred on its behalf. At the year end there was a balance
due to thi5 charity of £121,75812022'. £95,9681.
18-