Charity registration number: 1132824
## The Community Heartbeat Trust
Annual Report and Financial Statements for the Year Ended 31 May 2020
## **The Community Heartbeat Trust**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 5|
|Statement of Trustees' Responsibilities|6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Cash Flow Statement|10|
|Notes to the Financial Statements|11 to 19|
## **The Community Heartbeat Trust**
## **Reference and Administrative Details**
**Trustees** R. Schofield, Acting Chair M. N. Fagan G. Whitehead D. Arnold (appointed 30 October 2019) B. N. Mercer (appointed 31 May 2020) J. Smith (appointed 4 June 2020) Dr S. P. Page (resigned 31 May 2020) K. Shepherd (resigned 31 May 2020) M. T. Griffiths (resigned 31 May 2020) **Principal Office** Clovelly Burton End Haverhill CB9 9AD **Charity Registration Number** 1132824 **Bankers** Barclays plc **Independent examiner** Robert Whowell & Partners Chartered Accountants and Registered Auditors Westwood House 78 Loughborough Road Quorn Loughborough Leicestershire LE12 8DX
Page 1
## **The Community Heartbeat Trust**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 31 May 2020.
## **Objectives and activities**
## _**Objects and aims**_
To relieve sickness, in particular but not exclusively, by: a) the provision of automated external defibrillators (AED) (predominantly public access defibrillators); b) the provision of AED Community Public Access Defibrillation (CPAD) service in local communities; c) support for the establishment of community responder schemes (or similar schemes offering similar services) in local communities.
To advance education and the training of the public in aspects of 'first person on scene', 'emergency first aid', 'basic life support', 'advanced life support' and similar medical programmes.
## _**Public benefit**_
In shaping the objectives for the period and planning its activities, the trustees have considered the public benefit by ensuring its activities are accessible to all eligible users.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Achievements and performance**
We have now completed the eleventh full year and the Charity continues developing, although this year has seen considerable challenges not faced before. We are pleased to say we came through these challenges, although the CV-19 crises continues into FY2020/21 with no end in sight. We have established the Charity as a major force in the provision of life saving defibrillators into primarily rural communities, undertaken with governance, resilience and sustainability as our cornerstones, as well as establishing ourselves as partners to the ambulance services in the UK. We are probably the main and leading community defibrillator organisation in the UK currently. We work with other charities and similar organisations to affect a common approach to community defibrillation, that meets all the various liability issues. We have also been invited to partake in several central government projects, including a defibrillator strategy for Wales, and input into other surveys. In previous years, we also contributed to the strategy for London and also the Ambulance Quality indicators.
Whilst we have occasionally helped overseas organisations such as the Greek Red Cross, we have continued to donate defibrillators to many places in the UK, including charities for the homeless in Leicester, Coventry, London, Exeter and to the Alzheimer’s centre in Kirriemuir, Scotland. We continue to support churches, schools and also major religious institutions, including the UK’s largest Sikh temple. As part of our 10th anniversary programme, we have donated defibrillators to all the UK Ronald McDonald houses where parents live whilst children are being treated for serious health conditions. We have also funded CFR groups and commenced support for medical research with Warwick Medical School.
Page 2
## **The Community Heartbeat Trust**
## **Trustees' Report**
Our WebNos Governance system has been upgraded and extended and is now offered free as a charitable service to any site with a defibrillator. This is the only nationwide defibrillator Governance system, and represents a national database of defibrillator placements. In 2018 we also made this available through the National Defibrillator Database (www.nddb.uk) allowing members of the public to see locations of defibrillators and their operational status. We believe this is currently being copied by a larger heart charity as their National Defibrillator Network, and we have held meetings with this organisation to try to work together for the good of communities, but so far this has been rejected. Through the use of WebNos we have addressed:
- 3,500 Ambulance issues (in/out of action, missing defibs, incorrect information on ambulance CAD systems)
- 700 defibrillator returns (technical issues requiring returns to manufacturers)
- 2,500 maintenance items (error codes, etc)
- 164 loan defibs
- 450 investigations (why defib was not activated; defib not working in rescue, etc)
- Checked and submitted over 100,000 defibrillator status reports
- Deployed over 1,500 community defibrillators to 999 calls
- Offered post traumatic stress counselling to Heartbeat Heros involved in rescues
- Recovered over 195 missing defibrillators
- Established a ‘unloved defibrillator’ fund to recommission out of action AEDs
None of the above is possible through any other competitive system, making the services offered by CHT, and through WebNos, unique in the UK.
In 2019/20 we extended our projects to over 5,500 defibrillator sites, and continued some significant projects through the agreement we have with British Telecom to convert former telephone kiosks into village medical centres. This has been extended with a partnership agreement with the British Coatings Federation to renovate telephone kiosks. Much of this has resulted in high visibility TV and press coverage. Significant numbers of members of the public have now been trained in defibrillator use and in CPR, this is now exceeding 100,000 people. These are face:face sessions not on-line. We also now have an agreement with the Rugby Football Union to run the AED elements of the ‘Rugbysafe’ project; with Rotary to be their preferred supplier for defibrillator projects; with the Masonic movement, and also with the Club Cricket Charity. This latter project gave us a donation to install 140 defibrillators with tier 3 cricket clubs in the UK, and was a highly successful implementation, with a major training event at Lords. In 2020 we have again been awarded the funding to extend this by a further 200 sites. We also commenced the ‘Streetside’ project to place 500 sites into kiosks in city centres, funded by advertising, of which 50 were placed in this financial year, in Cardiff, Birmingham, Glasgow, Edinburgh and Nottingham.
The Charity mainly generates its operating income from donations and gift aid.
In 2014 we established a commercial subsidiary company to handle the increasing amounts of commercial requests being asked of the charity, which fall outside of the objectives, and also address VAT issues. This is run as a not-for-profit company and any surpluses are gift aided to the Charity. This resulted in significant financial contribution to the Charity and also allowed us to donate defibrillators to worthy causes. The largest shareholder in this subsidiary is the Trust. In 2019 the Trust and company financial years were aligned, and all policies brought into line to cover both organisations.
Page 3
## **The Community Heartbeat Trust**
## **Trustees' Report**
On the negative side, we suspended one trustee in May 2018. The matter was investigated thoroughly and before it reached a conclusion, trustee re-elections took place in line with Charities Commission guidance and this trustee was not re-appointed and was resigned. This resulted in a dispute and the trustee concerned then issued a claim in the Employment Tribunal against the Charity and also its subsidiary trading company, claiming ‘employment rights’. This incurred significant costs to the charity, and diverted funds away from our charity objectives. The case was concluded in January 2020 with the claimant accepting an ‘out of court’ settlement. The trustees felt it was better to end the matter as the draw on finances was considerable to the Charity, resulting in over £50k being spent to defend the disputed claim, and pay the settlement. The impact of this claim was, in effect, to divert monies that could have supplied defibrillators to 50 childrens' homes, homeless centres and religious centres. The Charities Commission and Companies House were kept fully appraised of the situation, and the outcome.
Both the charity, and subsidiary company, had already made reasonable provision in the accounts for addressing the claim.
During the year, David Arnold returned as a trustee after a short break. Matt Griffiths left at Christmas as a result of ill health and has since been replaced. At the close of FY2020 we had a full complement of trustees and management placements.
## Coronavirus CV-19
In March 2020 the Coronavirus pandemic took hold. This has had a major impact on the Charity income with many projects being delayed, and income severely reduced. From March to May 2020 monthly income dropped some 95%, and steps were taken to reduce costs, and to effect other policies to manage the Charity. We finished the year in a healthy position despite the Coronavirus and Employment tribunal issues. Currently the Charity has commitment for some 500+ projects, although many of these will now be delayed to later in the year or into 2021. Cash flow is being managed as appropriate, but this has allowed the Charity to review policies and processes, upgrade its product offering and look for new avenues to provide services. It is also clear that other charities are facing difficulties as no support has been forthcoming from central government, and discussions continue with other charities for co-operation and possible close ties, including the American Heart Association.
## **Financial review**
## _**Policy on reserves**_
All revenues will be used for the purpose of fulfilling the objectives of the Charity, once reasonable expenses have been reimbursed. Any surplus at the end of the year will be used to fulfil the objectives of the charity as the trustees see fit. The charity trustees have complied with their duty to have due regard for public benefit in exercising their powers or duties. This year we have donated CPAD schemes to several communities, and again have a programme of community training and information services, and have extended free access to the WebNos Governance system to ambulance service sponsored projects. In 2018 we also extended the Charitable benefit with a free post-rescue counselling service to communities, the only one of its type in the UK, and this continues into 2020/2021. We continue to use part of any surpluses for donation of defibrillators to needy causes, such as homeless centres. A number of defibrillator donations were made during the year, including the Ronald McDonald homes, and Kirriemuir Connections.
Page 4
## **The Community Heartbeat Trust**
## **Trustees' Report**
## **Plans for future periods**
## _**Aims and key objectives for future periods**_
In the forthcoming year, we hope to increase the number of sites delivered and also to work with the ambulance services to develop new ways of encouraging defibrillator expansion into the community. We will continue to develop and negotiate discounted equipment supply and seek new ways to educate the members of the public in Basic Life Support (BLS). We will continue to campaign for recognition of the importance of defibrillators in the community and will continue to lobby government to be proactive in the support of both community defibrillation and also BLS in communities and, in particular, addressing Governance. We will actively campaign for the restoration of the ILCOR defibrillator signage in the UK and believe the proposed alternative signage being used by other organisations will cause issues and confusion now, and in the future. The Charity is also actively looking at the new guidance on Catastrophic bleeding to see if it can help in any way, through provision of bleed kits or through education, or both.
The charity may seek to take on full time salaried management team members in 2020 and will seek additional independent funding to achieve this. However we will initiate a full governance review in FY2021 to ensure that we are fully compliant with new legislation and guidelines relating to charities.
## **Structure, governance and management**
## _**Nature of governing document**_
The charity is governed through a Trust Deed, supported by a policy handbook, and run by a board of trustees. This will be reviewed and updated in FY20/21.
## _**Recruitment and appointment of trustees**_
Trustees come from all walks of life and are recruited and appointed from within the community; new trustees are sourced from those who have had prior involvement with the charity, and share our values and aims.
## _**Arrangements for setting key management personnel remuneration**_
The trustees currently take no salary and waive rights to be employed, being all volunteers offering their time for free, but are reimbursed any reasonable expenses on submission of expenses and receive in accordance with Note 16, consultancy payments where commercially relevant to do so.
The annual report was approved by the trustees of the charity on 26 October 2020 and signed on its behalf by:
......................................... R. Schofield Trustee
Page 5
## **The Community Heartbeat Trust**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on 26 October 2020 and signed on its behalf by:
......................................... R. Schofield Trustee
Page 6
## **The Community Heartbeat Trust**
## **Independent Examiner's Report to the trustees of The Community Heartbeat Trust**
I report to the charity trustees on my examination of the accounts of the charity for the period ended 31 May 2020 which are set out on pages 8 to 19.
## **Respective responsibilities of trustees and examiner**
As the trustees of The Community Heartbeat Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the The Community Heartbeat Trust's accounts carried out 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(5)(b) of the Act.
## **Independent examiner’s statement**
Since The Community Heartbeat Trust's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of The Community Heartbeat Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent 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.
...................................... I. C. F. S. Agar FCA Chartered Accountants and Registered Auditors Institute of Chartered Accountants in England and Wales
Westwood House 78 Loughborough Road Quorn Loughborough Leicestershire LE12 8DX
26 October 2020
Page 7
## **The Community Heartbeat Trust**
## **Statement of Financial Activities for the Year Ended 31 May 2020**
|**Note**
**Income and Endowments from:**
Charitable activities
2
**Expenditure on:**
Raising funds
3
Charitable activities
4
Other expenditure
5
Total expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
15
**Note**
**Income and Endowments from:**
Charitable activities
2
**Expenditure on:**
Raising funds
3
Charitable activities
4
Other expenditure
5
Total expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
15|**Unrestricted**
**£**
654,341
(6,044)
(610,543)
(28,069)
(644,656)
9,685
95,019
104,704
**Unrestricted**
**£**
1,379,187
(14,179)
(1,278,698)
(64,208)
(1,357,085)
22,102
72,917
95,019|**Restricted**
**£**
100,000
-
(92,903)
-
(92,903)
7,097
47,752
54,849
**Restricted**
**£**
100,000
-
(52,248)
-
(52,248)
47,752
-
47,752|**Total**
**year ended**
**31 May 2020**
**£**
754,341
(6,044)
(703,446)
(28,069)|
|---|---|---|---|
||||(737,559)|
||||16,782
142,771|
||||159,553|
||||**Total**
**1 December**
**2017 to**
**31 May 2019**
**£**
1,479,187
(14,179)
(1,330,946)
(64,208)|
||||(1,409,333)|
||||69,854
72,917|
||||142,771|
All of the charity's activities derive from continuing operations during the above two periods.
Page 8
## **The Community Heartbeat Trust**
## **(Registration number: 1132824) Balance Sheet as at 31 May 2020**
|**Note**
**Fixed assets**
Intangible assets
9
Tangible assets
10
Investments
11
**Current assets**
Debtors
12
Cash at bank and in hand
13
**Creditors: Amounts falling due within one year**
14
**Net current assets**
**Net assets**
**Funds of the charity:**
**Restricted**
**Unrestricted income funds**
Unrestricted
**Total funds**
15|**31 May 2020**
**£**
18,500
34,491
6,000
58,991
335,747
-
335,747
(235,185)
100,562
159,553
54,849
104,704
159,553|**31 May 2019**
**£**
-
39,024
4,000|
|---|---|---|
|||43,024|
|||162,994
121,822|
|||284,816
(185,069)|
|||99,747|
|||142,771|
|||47,752
95,019|
|||142,771|
The financial statements on pages 8 to 19 were approved by the trustees, and authorised for issue on 26 October 2020 and signed on their behalf by:
......................................... R. Schofield Trustee
Page 9
## **The Community Heartbeat Trust**
## **Cash Flow Statement for the Year Ended 31 May 2020**
|**Note**
**Cash flows from operating activities**
Net cash income
**Adjustments to cash flows from non-cash items**
Depreciation
10
**Working capital adjustments**
Decrease in stocks
(Increase)/decrease in debtors
12
Increase in creditors
14
Net cash flows from operating activities
**Cash flows from investing activities**
Purchase of intangible fixed assets
9
Purchase of tangible fixed assets
10
Purchase of investments
11
Net cash flows from investing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at 1 June 2019
Cash and cash equivalents at 31 May 2020
13|**Year ended**
**31 May 2020**
**£**
16,782
551,311
568,093
-
(172,753)
30,551
425,891
(18,500)
(546,778)
(2,000)
(567,278)
(141,387)
121,822
(19,565)|**1 December**
**2017 to**
**31 May 2019**
**£**
69,854
1,070,589|
|---|---|---|
|||1,140,443
1,000
8,829
19,858|
|||1,170,130|
|||-
(1,093,611)
-|
|||(1,093,611)|
|||76,519
45,303|
|||121,822|
All of the cash flows are derived from continuing operations during the above two periods.
Page 10
## **The Community Heartbeat Trust**
## **Notes to the Financial Statements for the Year Ended 31 May 2020**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
The Community Heartbeat Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The presentation currency is pound sterling.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Judgements**
The trustees consider that donated income for defibrillators should be recognised in full at the point of receipt.
The trustees consider that defibrillator costs should be recognised as a fixed asset in full at the point of procurement.
## **Income and endowments**
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable that settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent. Other support costs are allocated based on the spread of staff costs.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Page 11
## **The Community Heartbeat Trust**
## **Notes to the Financial Statements for the Year Ended 31 May 2020**
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Goodwill**
Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
|**Asset class**|**Depreciation method and rate**|
|---|---|
|Managed solutions equipment|100% straight line|
|Training equipment|10% straight line|
|Office building|10% straight line|
## **Fixed asset investments**
Fixed asset investments are included at the lower of cost and market value at the balance sheet date.
## **Trade debtors**
Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of debts is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the debtors.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 12
## **The Community Heartbeat Trust**
## **Notes to the Financial Statements for the Year Ended 31 May 2020**
## **Trade creditors**
Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the trust does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees' discretion in the furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **2 Income from charitable activities**
## **Unrestricted**
|Managed solutions|**General**
**£**
654,341|**Restricted**
**£**
100,000|**Total**
**year ended**
**31 May 2020**
**£**
754,341|**Total**
**1 December**
**2017 to 31**
**May 2019**
**£**
1,479,187|
|---|---|---|---|---|
- **3 Expenditure on raising funds**
## **a) Costs of generating donations and legacies**
## **Unrestricted**
|Marketing and publicity|**General**
**£**
6,044|**Total**
**year ended**
**31 May 2020**
**£**
6,044|**Total**
**1 December**
**2017 to 31**
**May 2019**
**£**
14,179|
|---|---|---|---|
Page 13
## **The Community Heartbeat Trust**
## **Notes to the Financial Statements for the Year Ended 31 May 2020**
## **4 Expenditure on charitable activities**
|Managed solutions
**5**
**Other expenditure**
Other resources expended
**6**
**Net incoming/outgoing resources**
Net incoming resources for the year include:
Administration costs
Accountancy
Insurance
Travel costs
Depreciation
Communications and IT
Office expenses
Protective clothing
Legal and professional
Donations made|**Unrestricted**
**General**
**£**
610,543|**Restricted**
**£**
92,903
**Unrestricted**
**General**
**£**
28,069|**Total**
**year ended**
**31 May 2020**
**£**
703,446
**Total**
**year ended**
**31 May 2020**
**£**
28,069
**Year ended**
**31 May 2020**
**£**
-
4,245
4,248
-
4,533
5,081
430
1,736
4,451
3,345|**Total**
**1 December**
**2017 to 31**
**May 2019**
**£**
1,330,946|
|---|---|---|---|---|
|||||**Total**
**1 December**
**2017 to 31**
**May 2019**
**£**
64,208|
|||||**1 December**
**2017 to**
**31 May 2019**
**£**
17,950
9,718
3,900
269
4,533
4,961
793
2,926
19,158
-|
## **7 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses from the charity during the year.
Page 14
## **The Community Heartbeat Trust**
## **Notes to the Financial Statements for the Year Ended 31 May 2020**
## **8 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **9 Intangible fixed assets**
|**Cost**
Additions
At 31 May 2020
**Net book value**
At 31 May 2020|**Goodwill**
**£**
18,500
18,500
18,500|**Total**
**£**
18,500
18,500
18,500|
|---|---|---|
## **10 Tangible fixed assets**
|**Cost**
At 1 June 2019
Additions
At 31 May 2020
**Depreciation**
At 1 June 2019
Charge for the year
At 31 May 2020
**Net book value**
At 31 May 2020
At 31 May 2019|**Managed**
**solutions**
**equipment**
**£**
3,683,291
546,778
4,230,069
3,683,291
546,778
4,230,069
-
-|**Training**
**equipment**
**£**
27,555
-
27,555
2,755
2,755
5,510
22,045
24,800|**Office**
**building**
**£**
17,780
-
17,780
3,556
1,778
5,334
12,446
14,224|**Total**
**£**
3,728,626
546,778
4,275,404
3,689,602
551,311
4,240,913
34,491
39,024|
|---|---|---|---|---|
Page 15
## **The Community Heartbeat Trust**
## **Notes to the Financial Statements for the Year Ended 31 May 2020**
|**11 Fixed asset investments**
Shares in group undertakings and participating interests|**31 May 2020**
**£**
6,000|**31 May 2019**
**£**
4,000|
|---|---|---|
## **Details of undertakings**
Details of the investments in which the charity holds 20% or more of the nominal value of any class of share capital are as follows:
||||**Proportion of voting**||
|---|---|---|---|---|
||**Country of**||**rights and shares**||
|**Undertaking**|**incorporation**|**Holding**|**held**|**Principal activity**|
|**Subsidiary**|||||
|The Community||||Placement of|
|Heartbeat Trust|England and Wales|Ordinary|50%|community|
|(Solutions) Ltd||||defibrillators|
The loss for the financial period of The Community Heartbeat Trust (Solutions) Ltd was £16,662 (2019 - £24,562) and the aggregate amount of capital and reserves at the end of the period was £14,910 (2019 - £31,572).
## **Subsidiary**
2,000 Ordinary shares were acquired to take the holding to 50% on 7 February 2020. The goodwill acquired on this was £18,500.
Page 16
## **The Community Heartbeat Trust**
## **Notes to the Financial Statements for the Year Ended 31 May 2020**
|**12 Debtors**
Debtors
Accrued income
**13 Cash and cash equivalents**
Cash at bank
Bank overdrafts
Cash and cash equivalents in statement of cash flows
**14 Creditors: amounts falling due within one year**
Bank overdrafts
Creditors
Accruals and deferred income||**31 May 2020**
**£**
118,634
217,113
335,747
**31 May 2020**
**£**
-
(19,565)
(19,565)
**31 May 2020**
**£**
19,565
210,820
4,800
235,185||**31 May 2019**
**£**
153,365
9,629|
|---|---|---|---|---|
|||||162,994|
|||||**31 May 2019**
**£**
121,822
-|
|||||121,822|
|||||**31 May 2019**
**£**
-
174,869
10,200|
|||||185,069|
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## **The Community Heartbeat Trust**
## **Notes to the Financial Statements for the Year Ended 31 May 2020**
|**15 Funds**
**Unrestricted**
**_General_**
General
**Restricted**
The Club Cricket Charity
**Total funds**
**Unrestricted**
**_General_**
General
**Restricted**
The Club Cricket Charity
**Total funds**|**Balance at 1**
**June 2019**
**£**
95,019
47,752
142,771
**Balance at 1**
**December**
**2017**
**£**
72,917
-
72,917|**Incoming**
**resources**
**£**
654,341
100,000
754,341
**Incoming**
**resources**
**£**
1,379,187
100,000
1,479,187|**Resources**
**expended**
**£**
(644,656)
(92,903)
(737,559)
**Resources**
**expended**
**£**
(1,357,085)
(52,248)
(1,409,333)|**Balance at 31**
**May 2020**
**£**
104,704
54,849|
|---|---|---|---|---|
|||||159,553|
|||||**Balance at 31**
**May 2019**
**£**
95,019
47,752|
|||||142,771|
The specific purposes for which the funds are to be applied are as follows:
The Club Cricket Charity Defib Fund - to supply portable units to cricket clubs throughout the country.
Page 18
## **The Community Heartbeat Trust**
## **Notes to the Financial Statements for the Year Ended 31 May 2020**
## **16 Analysis of net assets between funds**
|Intangible fixed assets
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
18,500
34,491
6,000
280,898
(235,185)
104,704
**Unrestricted**
**funds**
**General**
**£**
39,024
4,000
237,064
(185,069)
95,019|**Restricted**
**funds**
**£**
-
-
-
54,849
-
54,849
**Restricted**
**funds**
**£**
-
-
47,752
-
47,752|**Total funds**
**31 May 2020**
**£**
18,500
34,491
6,000
335,747
(235,185)|
|---|---|---|---|
||||159,553|
||||**Total funds**
**2019**
**£**
39,024
4,000
284,816
(185,069)|
||||142,771|
## **17 Related party transactions**
During the year the charity made the following related party transactions:
## **The Community Heartbeat Trust (Solutions) Ltd**
(The charity is a 50% shareholder)
During the period the charity purchased goods and services in the sum of £246,136, sold good and services in the sum of £44,448 and received donations in the sum of £20,500 from The Community Heartbeat Trust (Solutions) Ltd. At the balance sheet date the amount due from The Community Heartbeat Trust (Solutions) Ltd was £16,955 (2019 - £Nil).
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