CHARITY REGISTRATION NUMBER: 1130194 Healing Little Hearts Unaudited Financial Statements 31 March 2024 VERSANT ASSOCIATES LLP Versant Associates LLP Independent Examiner The Old Mill, 9 Soar Lane Leicester LE3 5DE
Healing Little Hearts Financial Statsm•nts Year ended 31 March 2024 Page Trustees. annual report Independent examiner's rekx)rt to the trustees Statement of financial activrties Statement of financial positi'on Notes to the financlal statements
Healing Little Hearts Trustees. Annual Report Year ended 31 March 2024 The tswtees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024. Reference and administrative detafils Reg>ered charitv Dame Healing Littl¢ Hearts Charity registration number 1130194 Principal office 21 Chestnut Drive Stretton Hall Oadby Lei¢esler LE2 4QX The trustees Dr S Nichani Dr R Dbannapuneni Ms L Misty Dr S Jivanji Treasurer Mr A Pearse Secretary Ms A Allen Independent examlner MARK ILLINGSWORTH The Old Mill, 9 Soar Lane Leicester LE3 5DE Strnetur4 governance and management The Tnt w'as created on 2 June 2009 by a Trust Deed. The chatitable status of the Trust was cimfirnled by the registrdtion of the Tnt with the Charty Commission on 17 June 21X)9. The day-to-day n]nning of the Charity for the year ended 31 March 2024 was carried out by the Founder Dr Sanjiv Nichani in partneTShip and consultation with the HLH Trustees (above) and committee m¢mbers Mrs Kam Ubhi and Mr Raj Dasani. The Thistees have reviewed the major risks, and systems and proredures have been established to manage those risks. The Trustees confirni that the charity has complied with prevailing laws and regulations.
Healing Little Hearts Trustees. Annual Report (contlnuedj Year ended 31 March 2024 Objeetlves and aellvities The objective of the charity is to promote the physical hearth of babies and children born with congenital heart disease throughout the poorest part5 of the world through the provisions of heart pr(Kedures, surgery, aftercare, fmancial assistance, practical and training of staff in the county concerned. The charity's aim is to address the gross inequality of health care in the poorer parts of the H'orld with particular regard to babies and ¢hilthen with congenitat heart disorders. Jn addition a chapter of Healing Little Hearts called Healing Little Children now perfOrn voluntary swgery on children with General Surgical conditions .This initiative is currently focused in fvigeria. Since 2009 en the charty identified the significant health issue in respect of CHD, si&nificant progress ha5 been made in extending the medical rwh to Bangladesh, Cameroofy Indi4 Keny4 Latvia, Malaysi4 Mauritius Nigeria. Pakistan, Palestine, Jordaffj Romanii Nicaragu4 Tanzania, Nepal, Boliviffj Zambia, Angoll Fiji and Libya. Long-term objectives are: * To rdise awareness of the disparities in healthcare with respect to treatsnent of CHD in the developing world. * To send teaD]s of healthcare professionals to the developing world to provide free heart intervention procedures and SLwgery for children. * To promote the physical wellbeing of children with CHD and to provide them with the best possible chance of survival. * To provide teaching and mentoring links from the University Hospitals Leicester NHS Trust. together with other UK institutions, with participating hospitals around the poorer parts of the world in order that expertise can be developed locally to in]prove their medical and nursing capabilities in diagnosing and treating these complex onditions to benefit a gater number of sick children. To facilitate the provision of units with ability to treat CHD in Asia. Africa and beyond. This would involve WOTking in partnership with Committed hospitals to help and empower them in setting up centres with the ability ro treat CHD over a period of 3 to 5 years. * To collaborate wvth other NGOS who share our vision regarding the trealment ofchildren with CHD. Since the f$t camp in 2009 at Holy Family H05pitsI in Murnbai, there has been a continued in the number of Healing Little Hearts camps and procedures UThdertake with an increasing number of undery)rivileged hildren bellefittll from the free health care provided by the charity. The main activities were undertaken to further the charity's purposes for public benefit and the Trustees have regard to Charity Commission guidan¢e concerning public benefit.
Healing Little Hearts Trustees, Annual Report {contlnu•dJ Year onded 31 March 2024 Achievements and performance The year ended 3 1st MaT¢h 2024 w&s successful in t¢rnis of fijndraising and has provided a platforni for the charity to increase its Presence in countries where need is greatest and to continue to raise public awareness both in this county and abroad. It is considered vitslly important that the work and success achieved so far are not held back considering the tre. Congenitsl Heart Disease (CHD) is still one of the world's most common birth defects affecting l in 100 children. Throughout the developing Worl I million children are born with CHD each year and the higher birth rates in the poorest countries rnean that a disproportionate number of children is in the poorest parts of the world where facilities and personnel to treat CHD in these children are virtually non-existent. To compound this problem, the greatest problem facing children born with CHD is that 800/0 to 90 % of them are born to the poorest families. furthern]ore, the huge inequality in health care provision for children with CHD is demonstrated b>. the fact that 900/0 of the facilities and personnel who can treat CIID effectively live in the developed world. This means that there are hundreds of thousands of children born each year with CHD to the poorest families with no abilitv to treat tbem. Many of th¢se children languish with conditions. dying prmturely whilst their families are helplessly unable to obtain andlor organise the urgently needed life-saving treatments needed for them, This huge inequaliry in public health is reinforced by the statistic that 800/0 of children with CHD are born with 5 common defe¢ts can be treated defjnitively by a simple heart operation. For example, in India approximately 78,000 chilitreD in India die from CHD each year, many living in remote rural areas without access to medi¢al and diagnostic expertise is seriously limited and many of them are untreated and fail to surnive. The majority of i• children with CHD are referred late to specialist centres and frequently theii families are unable to afford the interventions that rnay be required. We belieile that in these days of comparatively inexpensive travel and the use of technology, a strong and concerted effort must be made to address with global health problem. At the end of March 2024, Healing Little Hearts bad treated more than 3200 children in total with 226 Camps over the world where need was greatest. The TnLStees consider that achievements throughout the year have continued to meet the objectives of the Charity. The ThfeeS are discussing> following the fimd-raising Success of this financial year, to invest in fither training of overseas staff and in en¢ourdging centres of excelleD¢e in countries where there are staff prepared to take on the Healing Little Hearts mantle and progress its work. In spite of the devaststing effect of the global pandemic, children will continue to be born with CHD and will continue to need our help and &ssi5tance. HLH activity between 114123 and 3113124 is as follows: Camps - 28 April 23 - Bangalore. 22 operations. May 23 - Nairobi, Kenya. 35 operations. May 23 - Trinidad. I l operations. June 23 - Bucharest. 9 operations. June 23 - Nepal. 12 operations.
Healing Little Hearts Tntee$. Annual Report (continued) Year ended 31 March 2024 Jun¢ 23 - Namibia. 10 operations. July 23 - Lib)*. 10 operations. Sept 23 - Fiji. 14 operntions. 20th County. Sept 23 - Trinidad. 8 operations. Sept 23 - Vijayawada. 6 operations. Sept 23 - Hydebad. 15 operations. Ocl 23 - Kelantan, Malaysia. 9 operations. Nov 23 - Kenya. 31 operations. Nov 23 - Nigeria. Healing Little Children Camp. 114 operations. Nov 23 - Fiji. 15 operations. Nov 23 - Nicarngua. 5 Operations. Nov 23 - Namtbi& I l operations. De¢ 23 - Vijayawa@ tndia. 23 operations. Nov 23 - Egypt. 6 operations. 14 operations. 21 st County. Dec 23 - Vijayawada. 9 operations. Feb 24 - Vijayawad4 tndia. 23 operations. Feb 24 - Bucharest. 13 operations. Mar 24 - Vijayawada. 17 operations. Feb 24 - Nicardgua. 9 operdtions. Mar 24 - Vijayawada. 13 operations. Apr 24 - Mauritius. 24 operations. Mar 24 - Angola. 14 operations. 22nd County.
Healing Little Hearts Trustees. Annual Report (contlnued) Year ended 31 March 2024 Fin8ncial review The level of income for the year has been sufficient to enable the Trust to support the expenditure to satisfy an appropriate level of charitable objectives. The remaining unrestricted funds available to the Trnst are sufficient to perniit it to continue in operation, at CUTrent levels of income and expenditure, for the foreseeable future. All fun(ts held are Unrestricted. Jncome has increased this year from £274,357 to £304,705 due to increased donations. Net income after expenditure has in¢re&sed from £34,625 to £55,891. Total unrestri¢ted fijnds held by the charity have increased from £709,776 to £765,667. Plans for future periods The charity continues to operate within the ternis of its Trust Deed. To ext¢nd the reach of HLH to other low income countries and continue capacty building. To continue with collaborations with Mukal Madhav Foundation who supports our c8mps in India by organising the teams, internal flights to our parther hospitals and with Spem (a Fili UK based Nigerian Foundation that coordinates HLH camps to National Hospital Abuja Nigeri& The trStees, annual report was approved on 30 October 2024 and signed on behalf of the board of trustees by: Dr S Nichani Tnte¢
Healing Little Hearts Indep•ndent Examlnerf8 Report to the Trustses of Healing Llttle Hearts Year ended 31 March 2024 I report to the trustees on my examination of the financial statements of Healing Little Hearts ('the charity) for the year ended 31 March 2024. Responsibililies and basis of report As the trustees of the clwity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the charity's fitmncial statements carried oul under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5Xb) of the Act. Independent examiner's statement Since the charity's gross income exc¢eded £250.000 your examiner must be a m¢mIr of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because l am a member of the tnstitute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. I have completed my examination. I confTh that no nydterial matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the ACL or the flnancial statements do not cOrd with those records. or the fAnancial statsments do not comply with the applicable requirements concerning the forni and content of accounts set out in the Charities (Accounts and ReEK)rts) Regulations 2008 other than any requirement that the aCcOts give a 'true and fairf view which is not a matter considered &s part of an iDdependent examination. I have no concerns and have 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 accounts to be reached. MARK ILLINGSWORTH Independent Examiner The Old Mill. 9 Soar Lane Leicester LE3 5DE
Healing Little Hearts Statement of Flnanclal Activltles Year ended 31 March 2024 2024 Restricied funds 2023 Unrestricted fimds Total funds Total fund8 Note Income and endowments Donations and legacies Investment income 208,018 27,485 69,202 277220 27,485 304,705 268312 6,045 Total ineome 235,503 69,202 274,357 Expebditure Expenditure on charilable activities Total expenditure 232,228 16,586 248,814 239,732 239,732 232,228 16,586 248014 Net ineome and nel movement in funds 3275 52.616 55J91 34,625 Reconciliation of funds Total fjjnds bmught forward Total funds carried forward 709.776 709,776 675.151 713,051 52,616 765,667 709,776 The statement of financial activities includes all gains and losses recognised in the year. All income artd expendiftwe derive from continuing activities. The notes on pages 9 to 13 form part of these financial statemènts.
Healing Little Hearts Statèmont of Financlal Position 31 March 2024 2024 2023 Current assets Debtors tnvestments C&sh at bank and in hand 12 13 6,773 734,077 62,123 14.544 585.728 117,923 802,973 718,195 Credfitors: amounts falling due within one year 1¥4et current assets 14 37,306 8,419 765,667 709,776 Total assets less current liabilltle$ Net awts 765,667 765,667 709,776 709,776 Funds of the charlti. Restricted fid5 Unrestricted funds 52,616 713,051 709.776 Total charity funds 15 765,667 709,776 These financial statements were approved by the board of trustees and authorised for issue on 30 October 2024, are sigrKd on behalf of the board by: Dr S Nichani Trustee The notes on pages 9 to 13 forni part of these financial statsments.
Healing Little Hearts Notes to the Flnancial Statements Year ended 31 March 2024 General information The ch8Tity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is HLH House: 21 Chestnut Drive. Str¢tton Hall, Oadby, Leicester, LE2 4QX. Statement of ¢ompliaDce The financial statements have been prepared in compliance with FRS 102,'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recon)mended Practice applicable to charities preparing their ac¢ounts in ac¢ordance with the Financial Reporting Standard applicable ID the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. Accounting polleles Basis of preparation The financial statements have been prepared on the historica] ¢ost basis, as modified by the revaluation of certain fmancial assets and liabilities and investment properties measured at fair value through income or expenditure. The f]nancial statements &Te prepared in Sterli which is the fimctional currency of the entitv. Golng ¢oncern There are no material uncertainties about the charity's abilty to continue. Judgements kev sources of estimation uncertainty The preparation of the financial ststements requires management to make judgements, estimates and assumption5 that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future event5 that are believed to be reasonable under the circumstances. Fund accounting Unrestricted fimds are available for use at the discretion of the trustees to fiffther any of the charity's purposes. Incoming resources Donations are included in the statement of financial activities when received. Charities tsx recoverable included in the stalement of funcId1 activities when received. Fundraising income is included in the statement of fmancial activities at the date of the fundraising event. Resourees expended Expelldire 15 included in the statement of financtal activities when incutted.
Healing Little Hearts Notss to tho Flnanclal Statemonts fcontlnu•d) Year ended 31 March 2024 Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Donations DonaTions 197,682 69,202 266884 Other donations and legacies Charities tax recoverable 10,336 208,018 IOJ36 69,202 277220 Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations 257,555 257,555 Other donations and legaeies Charities tsx recoverable 10.757 10,757 268,312 268.312 Investment income Unrestricted Total FNnds Unrestricted Funds 2024 Funds Total Funds 2023 Bank interest receivable 27,485 27,485 6,045 6,045 Expenditure on eharitable aetiTrities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Direct charitsble activities Support costs 226,005 6,223 16,586 242J91 6,223 24&814 232228 16,586 Unrestricted Funds Restricted Total Funds Funds 2023 Direct charitable activities Support costs 231,419 8,313 239.732 231,419 8,313 239.732 10-
Healing Little Hearts Notes to the Flnaneial Statements (contlnuodj Year ended 31 March 2024 Expenditure on Charitable activities by activity type Activities Undertaken directly Support costs Totsl funds 2024 Total fund 2023 Direct charitable activities Govcrnance costs 242,591 4,851 1,372 247,442 1,372 238.447 1.285 242,591 6.223 248,814 239,732 Analysis of sUPPOrt costs Analysis of support costs activity Total 2024 Total 2023 General office Govcrnance costs 4,850 1,371 4,850 lJ71 7.028 1.285 6,221 6,221 8.313 Independent examiDation fees 2024 2023 Fees payable to the independent examin¢r for: Independent examination of the fmancial statements 1,254 1,056 10. Stsff costs The charity incued no staff costs during the year or preceeding year. 11. Trustee remuneration and expenses h'o trnstees received remuneration from the charity during the year (2022 £nil). During the year travel and general expenses were met by the charity on behalf of two of the trustees carying out charitable activities amounting to £20.903 (2023:£39,992)). 12. Debtors 2024 2023 Trade d¢btors Oth¢r debtors 490 283 14.544 6,773 14,544 11
Healing Little Hearts Notes to the Financlal Statements fcontinued) Year onded 31 March 2024 13. Inv¢slments 2024 2023 HSBC invesiments Hampshire inveslment Cambridg¢ & Counties Investment 557,032 76325 100,820 413,937 75,050 96,741 734,077 585,728 14. Creditors: amounts falling due within one year 2024 2023 Trade creditors Accruals and def¢ed income Other creditors 8,980 8,873 19,453 8,032 387 37006 8,419 15. Analysis of charitable funds iinrestrieted funds At 31 Marth 202 At l April 2023 Income Expenditure General fijnds 709,776 235,503 (232,228) 713,051 At l April 2022 At Expenditure 31 Marcb 2023 Income General fid5 675,151 274,357 (239,732) 709,776 Restricted funds At 31 Mareh 202 At l April 2023 Income Expenditure Restricted Fund 69,202 (16,586) 52,616 At l April 2022 At Incorne Expenditure 31 March 2023 Restricted Fund 12-
Healing Little Hearts Notes to the Flnancial Statements (con¢lnu8d) Year endod 31 March 2024 16. Analy$is of nel assets betweeD funds tinrestricted Total Funds Funds 2024 Current assets Creditors less t11 l year Net assets 802,973 (37.306) 765,667 802,973 (37J06) 765,667 Unrestricted Total Funds Funds 2023 Current assets Creditors less than l year Net assets 718,195 (8,419) 709,776 718,195 (8,419) 709,776 13-