COMPANY REGISTRATION NUMBER: 07285409 CHARITY REGISTRATION NUMBER: 1138088 Somerville Heart Foundation Company Limited by Guarantee Unaudited financial statements 31 December 2021 4A8EULIW 17110r2022 COMPANIES H¢ME
Somerville Heart Foundation Company Limited by Guaranteo Financial statements Year onded 31 December 2021 Pag¢ Twslees. amual linaJrtyJing Ihe dir8d$. ietM) Indepgndent exarrinevs reFP)rt to the tnjsttes 10 Statement ol fmancial actywties (irKludiThJ eXpdItuTe account) 11 Balance 5heel 12 Not to thfrfinancial statomnts 13
Somerville Heart Foundation Company Limited by Guarantee Trustees. annual report {Incorporat5ng the directors. report) Year ended 31 December 2021 The Iwustee5, who a also Ihe direct lor the purposes of ccrfnpany law, present Ih#ir report and lh• unaudited finanrjal statemenls ol the charity for the year erKJed 31 tknmber 2021. financial ststements have been prepared in accordancè with the accountfjng policies Set out In notes to the accounls an¢J CoMY with the charivs gO1rtg flocument, the Charities A¢t 2011 ants Compani85 Act 2006 and A¢untIng and RepOrtg by Charities: Statem8nt of Recommended Praclice appliGat4• 10 charilies preparing Iheir account5 in acClanCe vthh Ihe Finanoal RepOrTr9 Slandard applicable in the UK arwj Republi¢ of Ir•land prt+lished in October 2019. Ref•renc• and adm1n1s1rat detsll$ Reglsttred ¢h•rity n•me Smr¥ille Hoart FoundatKsn Charity r•gi$tration 1wmr 1138068 Company registration numb•r 07285409 Prine5pal Offi and r•gl$t•red 7 Friaf5 Ctrtyarrf office 30-32 PrirS Slwl Ipswich Strffdk IP1 1RJ The trusts•s trustees who strvgd during Ihe year at the date of approval were as follows.. l Bames IChal J SoffMlle IFoffl*r Prnstdtnt. rèsvJned 26 January 2021) Cumpor IFonY)er PrnsNlenl. deceased 11 July 20221 fvl Rosen reasurer) F Kenne R Nicdl (Vice psidentI C Sor¥I148 L Nisbet F Walker Company s•eretary A Woods Ind•p•n&nt examin•r L Thutslon FCCA Lowell Blakg LLP Chartèred accountants First Flrxx Suitg 2 Hillside Business P¥k Bury Sl Edrnunts IP32 7EA Scottish ¢harlty regl$lrallon no. SC049673 Bankers TS8 Bank PIC 16 Buttemwrket Ipswich Suffolk IP1 1BG
Somerville Heart Foundation Company Limited by Guarantee Trustees. annual report (incorporating the dlrectors. report) {rwllftu•dJ Year ended 31 December 2021 Objecti5 and a¢liviti•s The Chari$ obi•ctives afe". 1. The reltef of poverty. sickness istrpss anxry5t pew50ns VA have a heart disordèr of any fom orwho have underwne hrt surgery of any kind, by such Trans as charitable. 2. The advancernent of Ihe 8du¢atM)n of lh8 wblic in rdalion lo all asp8cts ol heart disorders or abrn)elItieS. The trustees have paKI due ward lo guKlen(x issued by the Charity Commission decidlng wh•t acts'vitigs th• ehanty should undertakè.
Somerville Heart Foundation Company Llmited by Guarantee Trnstees. annual report (incowporating the dire¢tors' report) Year ended 31 December 2021 A¢hl•¥•m•nts and p•rforw¢¢ SorneNlle Hearl FndatiOn rèmains tho only rEgtstewd Charity in Ihe UK wdet chaiity working wilh young people and adulis who were tM)m wilh a heart condilion IACHD. adult congenital heart diseas8 palientsl. Congenital heart disease is iht rTh)st common condition thai babies are bom ¥Afh. there being a prevalence of around 10 out of 1,IK)O INe birlh5. Thi5 populabon 1$ increasing at an tstimatetl 6% ptrr yèar howevèr services haven'l developed as Ihe rbumber of patients has grown. There is a huge gap beeen patients. ns and thè needs aN1 Ihe helps aTh1 SUPFYt thal Ihey receive. CHD patien15 heart diseasè wasnl caused by IrfeSte. srTK)kiro. diet. lack of exercise or èny lactor thjt Ihey could have controlled themselves. Congenilal heart patièrts werè simply ttyjm their condiltons. For neady thirty years the SomeNlle Heart Foundation or GUCH Pattents Association. a5 rt was originally krLown, has fought for better treatment. erthuraged researth an(1 prOVed services lor th058 in greatesl need. This indudes ACHD palients d8velop8d ntaI condi1$ rèlated to their heart tjisease. womèn want to start a family. those ITW BAME c(wnmunthes and pantS who are livin9 in finanei•l distfess. The majority of truslees aTh1 ¥cAuntee are thenKselves heart patient5. This brings a great deal of èmpalhy and UnderStdIng to our work and the OanISation has a stn.ng and SUPPOTtivfr lamily feel". The charily ts also usr-l•d in that its diredion ol Iravel and senri¢es are based entirely on the needs of patients. Thrtsu9h 5UTveys. Facebook. Twitter and the Someryille Heart Foundation's websrte the organisatic) 15 in a conslant conversalJn wllh patienis and is always campaigning arhj advLvtin9 With and for Ihem. Somerville Heart Foundation is en11Y independent and receives no funding from eentral or local governmenl. All ol our Ip)nVine sgThitss freè of tharye for patnts. Reséarch Somerwlle Heart Foundation has bèen Invd¥ s•¥wal research p(oiecls involrIg ACHD patients and will continue to do so. Inforn)allon and support We htlp patients to leaij happy hethy li$. dealir¥J with th• traumas tsf lrnqu•nt surytry, YrneS about lrfe expectsncy, thif•culli85 in lh8 YJrtd of wowk and famly life ted to CHD. Sornerville H¢8rt Foundatim contHiues to wovth infm11 and swF4yI lhrThh traditional sources including". 1. Our quart•rfy newslotter. 2. Infomation and adwce 18aflets at $peciali$t¢orwJ8nilal hgart ¢8ntres. 3. Our new website was launched last year and is full of infoatiOn. advu. pati•nt sloriès, useful articlès and specialist centr8 contacl detrils. It conthnue5 to bè devewd aThJ enhanced. 4. Our new mernbership sthemg was launched in February 2021 wilh a d•dicated meths online aa for paDents, their families and he8mare prdessiwls to S5 infryrnation to 1 our5ervices aftd Support. 5. Our health passport eftats palients lo Sha details of Iheir with non-specialist rn8dical s•Thices. dentists GP'S elc. We a150 make maxiftwm use ol la1 medta. intemd and diyital technotogy. on and closèd Facebook groups help to maintain a vibrant online community al0Ide the message-board on our website.
Somerville Heart Foundation Company Limited by Guarantee Trust•os' annual report (incorporating the dire¢tors' report) Year ended 31 December 2021 Wellbeing zoom sessions are regukrly by our WelFbery Ccrtjnsellor. Charity W1 lound at VhYW.1sf.or9.uk. Twffter reaches a wide range of patients, professionals and suppterS. SomeTrill• Hoart F¢)undatn uses YouTube to prov•Je information ¥e05 to support patients. Pati•nts. prolessionas, relatwes aThl carers all bèn8fit8d from th8 Ilagship hèlpline service 0300 0151 998. Call•rs r8e•ived support wilh a wide rary of •Nuiris mdLbSng: 1. Whère to find specialist cgntr8s for con99n1t h8art pati8N5. 2. Support 1h empl¢)ynnt and sign p05ting sources of help nOfft issuos. 3. Infomwtion and advice for patnts tr3vellw)g Ihè UK. 4. Mental health and Wdlbw"rKJ dllenge$. 5. GrowlrKJ older ¥•ith a heart (¥)n¢ibon. 8. Rocent diagnosis and conla¢ting 0th8r in swnilar situat$. 7. End of lrfe issues. 8. Bea¥ement 9. Disability rvJhts. 10. Employfflgnt rights. 11. Suppryt for relati$ and ca. 12. SupprKI for those tsBnsfwriThJ from &Mklren to aduli swvice5 (transiti1. 13. renI and Eslate Planning. Newslettèts werè putAished in $PfiNJ, rnm. aurnn and winter. Inf0MtIOn ènd advice leafiets wlich avalablè dwecty from our of. onlin• and at ACHD Sp9clist gntres. inlorrned patients about Irfesty i55Ugs. gnCY. Iransil#)n. ntracep11On and other relevant lopics. Patients experien(arvJ diwiminalK)n at wcrfk have benefitted from our law ser¥iee, sornètimès helping them 10 stsy in empkjyrnent attrj when Ihat hasnl baen possible S•CLtring mp9A$atiOn lo help them live their lives whgn Ihey have been ynlawly dismissed. M•ntal h•alth seThie• For many years mental illness armngst ACHD paints remained in a hidden yet distre55ing problpm. Our own resear( has shown the d6pth of neod in rolation to conwital heart palrents mental health. Over BO% of patients who comple18d sury•y reported having personally experien depression, 35% having had panic attacks and over 37% rewtin9-aeule general anxie. Thtr trauma ol multiple medical interventions as yOUn9 chiklren may account lor than 25% of patients gxpgriencing"needle phobia..
Somerville Heart Foundation Company Limlted by Guarantee Trustees. annual report, (Incorporatlng the dlrectors. report) Year ended 11 Décember 2021 any of our Inellan8s oype1cO"rtOUbI8 disuiffHiiatrJn- opportunit and restricted lives due fo their heart ¢ontlibon arKI bwng dwiminated wnsl beca of Ihe concomitant mantsl h¢allh probl¢ms. SomeNllg Heart F0VrKlobL bwthfrom empknyry ?.11gdi¢at&l mgntsl ho1 and vllbgnig ry>urelloT. Supportwas pm¥lded dlrxty emaa t•lephO lrtlim•nd to face nwbry. AddrtKJno1ty. pati1¥ wgrg h8d to a¢sS l(xal resoufe•s aryj s•Thrfe•s. Frne wothshops were drnd. tsachNig patl•nts to manag• anxiety and deal %•ith paC alla(s. Edu¢alionl •v•nt• Th• 2020 onnual CMtsrenc• took act May2021 in pafb)8rship Tprith the team from Unlversty HoSla1 s.oulhamptL at the Holiday Inn in StyJtharnpt and was well supported. Pati•nts in rthtrty TAwe hdped ty. 1. Providing fro9 Coogutheck r¢hIn•S p•lignis fmaneially to manw th•ir condibon. .2. Tho c¢ti$ sUpF FuThJ supsrrttlng those ¥Alh sudden and une¥pe(aeil financ4al burd¢n$. 1. The Bffjokor Awar&grant gIn b m•dKal sludontsio sh¥kni ACHD thulnts and encourag•d inlo ACHD m•dicTh. 2. ACHD tasi•F S•5im•xp8nSkn assist d(ttors k¥ ¥lknd lh• courso. In¢•matlonal IlnlKS Sornrville Heart Frothtn .has conlmiuod to worfE with parbw opJwisations ilwoughout the worfd lo ampaign for bettw palient Serces. f1 f0rrfiserirninat and imwov•the' fv•s".of CHtr patients. Ow Of thè InJsie8s 1$ a nwnbtrolth• Eurwoncongenital Heart Di5e85e Org8ni58tion IECHDO). Volunt•ws &)merville Heart F¢undalvJrv is ¥wy gal8lul for thè h•tr• aThl £upport by 1401unteers at lev81 thfjn IM organtsatson ituding.. 1. Dr L Morton Continu to thlessly onbehallot Hg8rt pBti•nts in S(xJll•nd. 2. McthtQW5 m?nago social m•dra.. 3. Trust0 who illryly gi% their tim• to 1P ensurn th• Orgar gobpfwd effechvety. 4. Volunteerfundrws ¥hv) hèld 04•nts in th8 to néeded f•ts. 5. IndFwduals wh¢ proth Jnlorn)atlon arrtl athes lorthe fAYbslie. swialmDdla an.d GUCH Nvws.
Somerville Heart Foundation Company Liffltted by Guarante Trustses. annual report (Incorporating th• dlrectors. r•port) Year ended 31 D•cemb•r 2021 Irmslm•nts In accordance Heart FrliOn'S ollwcal investwnt policy. lund¥ ig Inv•st•d ty Roihbjnes Inwstswt Marwèrnont Swth. FlTr•nell r•TA•w port in sponsored Èvèn¢S. Dwin9 2021 as cowd fostrictsons grodu81ty the fac&ttrlac¢ aCtse$ of th8 Charity slarted to slowly rosurr. Furkai8in9 •wnts sffil lar f•w8r durwvj the latter parl of Ihb yaw than in P0(16 ats ond income d•iv4èd by Ihè ehawity was cwsxknbty Ihan oxpecw. A 9ranl from th6 National. lofj•ry of 3PDX1ma14ty £45.(O) awardwl tts ts charity tvwards.cofe fmling t• invalu8b5& In malnlainlThJ 8xnditur. This grani was ulllw to co¥w the p61iod.Sept•rrt)of 2021 to M4rth 2022 andwas crndi¢8d in the accoLrt durin9 the apprOpat• ar)xunb"rfj perKId. During tha.ye¥r thg lot irKorr• arTh)untsd to ÈJ44.71t12020: £137,962) of ttKh" inc4)m&lrorn donallons and 18gacaes Incrna$8d to £90.350 fmm £82.19). iwJm• altr IradiNJ Beli d•creas8d lo £51.487. from £52.511. Th• totsy •xpanthturn amou1rt tts £131.561 12020.. £108.1t31 ¥&ilh e¥peThIre (aritabl• acl111•5 d8ere8sing knt117.955lrorn £101.848 n 1he wecedin9 Pgriod. Th. ¢hariVs not Incomo lor lh8 ar which includ•s a net g•n InV¢sM of £16..17612020: £6.843) •iwrttod to£29.326 {2020: £36.6921. R•s•rws. pollcy The organisatift ThJrn¥II¥ 8XF¢ts to IEd up to yoarfs Unr•stric1 Bypvnditur• itt'a rgsorvg fund. vthich based 2021 acbvilK8s abnI lo £120.308. Som•Thilk Heart Foundations unrestricted seM8 1 * yearryend th anxKJrthl lo l4,1{202O.. £173.601171thth is in suiplus to IM poky. over th• ¢Wn9.Y¢a1$.
Som•r¥llle H•art FoundalSon Company Limil•d by Guarant•• Trust R•port (lorporatIng th• dlr•cloffs' Ye•r •nded 31 Dec•mb•r 2021 Pl•Trs for bTrrtur• wrlods Going Into the spriry of 2021. Ihe tsustees finalised a budget for the year in wNch th? prol•cllon was the Charity lo retum lo a largely balanced bu<J9et and 8 restcffed reserves polky as refeTred lo above. The effect ol Covkl-19 sfince March 2020 has Iwl a gigThficant effect on the cyrali$ of the charity 81 am levels and ¢onllnues to do so os this repryt 1$ being finalised and approved. For the great•r part of2020. the operations ofthe SOM Foundalion had bwn si9nltlcanlly ¢urtalgd wllh Ihe suspenslonlcurtailmwTrt of patient services arKI the suspenson of all tmrt rtual. lundralslng evènts from whkh Ihe Charlty roulinety seojfes its mainstream frjnding.. IN the laiter part of 2020 and Ihroughwl 2021 all paltenl seM¢es hove been festtyed and Indeed Increased wllh hdp from the ftmding vla th• Nallonal Lottwy Fund. Further. the Som¢Mlle Fwndation was Ih(NJght of sufftdenty hlghty to have receTr¥ed fundlng from H Gov&mment through tho Natial Lottwy Communty Fund in the fom) of a spetyal appll¢atson to the CoronavrnJs Community Support Fund support the chaiity through Ihe drfllculbes of the Covld 19 pandwnic. The trust$ are dtli9hled to nol¥ that the excellent worf( of the somery11 Foundation has been re¢ognlsed for the gyAI11 dellvers to the UK heart palient 0)MnIty. Althtyjgh most staff were fwloughed throughout Ihe pandemic. the SomeThilk Foundafjon has rewved signlfiGant gifts of lime and c&xTrmttrnent to asstsl V•rylh provi(ling care and servlces to the patients slnce Our serylces and support are in dand morn than ever with tre he1Ine having seen a 2,1X)OYo IrKrease In the eady stages of thg pandernand many of those people a¢c•s5ing our olher seryices and support as well. 11 Is hoped that the substantial finanraal loss irtityatty an11¢y at the start of the Covid pandemic can now be #voided. L¢4)kin9 lWard. the prcfjected rnc¢)me is w kety to be re(bx8d ts 2tr22 as it Is getling incwslngty diffi¢ull to raise fvnds for charitable causes ¥vtiiLst the Onom drflkulbes loave indid#[S wtlh less ¢Jisp05ablo in¢ome . In a sImir way. costs of mainlaining ihe dMrity's services are becomNw MO expenslve In numerous Spects indudin9 pa1. t)ffKe overtats and provRllng necessary patleTrt seNlces. Our seTrrrs and support are in demand more Ihan ever vith the helpline having seen a 2.000% irmase in the oarly sla9as ofthe pandamic 8nd manyoftrK¥se perffj accessing our othw servkes and support as well. 11 Is hoped that Ihe substantial finala1 loss initiaty liripated al the stsrt of the Covid pandemK can rthv be avoidgd Fornwr Presld•rt Tt is deep regret that the InBtees repcyt the death of Mr Mlch Curnper on 11 July 2022. Mhael was assotsaled the charity for many years in nurnemus dlfferent roles. latterty as pidOn$. He ¥K)rked tire1Y for the palients and for the charity and his presw will b8 gwtly mlss•d.
Somervllle Heart Foundation Company Llmited by Guarants• Tru$t•es' annual report {Incorpornting th• dlrnctors. rnport) Y•ar ond 31 D0mber 2021 and ArbC1 of A5wation. chanty was inc4rt¢•d .15 J0 2010 arnl tjegan op#rdting 1)n 1 January 2011. Folbwlng thè tron¥fgr of aw ¢¥eraUoM. ass•ts and lbIll•S from GUCH PA thg uniiKoffjorat8d dwrity (nnbr 1041e661 Ihat dato. The 8od dlded to apply ftt tharitable Slalu8 in SDJtland and was r¢g¢sler8d tAilh tha Scottith rwlor. OSCR (Office of the Scottish Chaiity RegulatDr) on 21 Cttobor 2019.dtr regislrttion nunthr SC0496T3. Oay to day marw3omont may bo d819 to st•ff Ilwwgh Gewal Man89or, h¢y4ThW tho btsard of INst••s r•mains fidly r•sponbt• fe¢ th&ruMvJ oflh8 organvbon. Tn1• rn¢rnlkn•t ndlAlning Where possltrAo trvstso rn(¥uitinont fo11tr bosl prnckoa5 ¢xrfined rythin the Gov8mawKo Cctyje. Trusl8es arg chosen to 91 th• Somitle Pleart FourJ•lion a ol thlls and •xparti$o to ensure tho charity 71h heart wnditKTh. Potenlial Irusleo5 Sn0 Infonnal Clwrn of IM trt••$ and und•ryo •pprowiots background reference (1kS. Once aPFdnl8d Ihay ar8 gven an oveThiow of Ihe oryanisation by Ihe Chawman, a cqjy ol it5 polici•& and PtedureS •5 wrfl as an up to d•to set ol aunts. Tn&stees are also 9iwn & copy of th• Chty Commlssion leaffet C.C3. Essential Truste• What you naed lo 1<no, Th• G0vomaA Cod• and h8¥ aCt•ss to the SuifoJkAcademy for Vdunlary Or9ani$ations' onli sKw•manc• leamirg mat•ri. Th8y also ro¢eiw tr• PB3 dotsJm8nt. Publc Benefft r¢wrltng' and 8re required lo •ete a"Declarnlwi ol Intsrnsl IMn-. Th8r8 is no one •xt8mal lo tha thaiity that is anblod b aPIrt tp1st$. R•J•t•d partl•B The oryanisalioTr hiforrnaly •ilh olhw t*flles Ining Litue HegTts IAattof. ECHO (Evèlina Chldrens. Heart Hospital) 8riti$h Heart FMdakn and the Chil(kens' He8rt Foundation Ipswlch Rl$k m•nwm•nt mM9ato these risks.
Somerville Heart Foundation Company Limitèd by Guarantee Trustees. annual report (Incorporating the directors. repoty it0j Year ended 31 December 2021 Independent exafft1r rnappoSntment A re$olulion to appoinl L Thurston FCCA of L(NV4ll Blake LLP as mdependent •xaminerwll be proposed .afthe nex1 Annual General Meelin Sm•ll tompany pYovisi4)nS This rewt ha$ bttn prepaved takirKJ advantage of the small 1panIeS. exempb'on of section 41 SA ol Ihe Compar¥ies Aet 20(. 30191.2022 The trustees. U31 retyt was appT(frtd .............................. aryl SWJ on behalf of Ihe board of tnts1eès by.. (a M Rosèn Tftlee and Trnasurer
Somerville Heart Foundation Company Llmited by Guaranteo Independent examinerfs report to the trustees of Somerville Heart Foundation Year ended 31 Dec•mber 2021 I report to the Charity trteeS en my eXanInatn of statements of the company for the year ended 31 December 2021 w1Ch rise Ihe ststement ol ffinanual achvities lindudir¥J incomè and expendir+ account). balarA sheet and the rdated notes. Responsibllltles nd b•g1s of mport As the chanty's trustées ol the eompww land aso rts dirtorS foT the pufjKt5es ol cornpany lawl you are responSie fof th weparntion of the finan¢ial statements in accudance with th• reqwrements of the Companies Ad 2(X6 (the 2QC Act). Having satisfied myself Ihat the financd statements of the wmpany are not required to be audited under Part 16 of the 20C6 AGI and are elwible for independent examinabon, I rewt in Tespeci of rny examtnation ol your companls finan $IalenIS as carried (MJI under sedion 145 01 lh8 Charities Act 2011 {'the 2011 Acl'l. In carrying otst my exan¥natKJn I hab foJltred Ihe DweaH)ns given by the Charity Cornffiission undor section 145lSllbl ol the 2011 Ac£ Indep¢nd•nt ¢¥amlntrf$ statement I have compteled my exaftnaiion. I £¥fiM1 that no have COME lo my aiienl•Jn in connection with the examination 9Mn9 Cause to bek¥e trt in arry Metl respect. accounting records were not kept in wespecl of the o)mpany as rwured by section 386 of the 20C6 Act.. or the fInarla1 Statem1$ do Th)t accord with those rettKds: or the fKwicFal siatements do r)1 c¥ wrfh the Ontin9 requ1Men15 of Secti 396 of the 20C6 Act Olher than any reouiroment that the acwjnts 9i¥e a 'true and fairf viv which is not a matter ¢onsK1er•d as part of an independ•nt oxamination.. or the finonu¥ slatemenls l)een sYepore(l in aecordance the methods and prMiciplg5 of the stateffnt of Recomrr*nd8d Pra¢lic• for aOnting and repon9 by charit$ 3pplicab18 to ¢harth'es wepanng Ihew acc¢Awts in atcardafe wth the Financial Reportsng SlanLlartJ apble in the UK and ReWbI ol Ifdand IFRS 102}. I hav8 no concems and have come across no other matters in connection th the examination to whKh attèntion S)LO b$ drawn in this wort in to enable a prOT underslanding of the aceounts lo be reached. L Thur510n FCCA Independent Earner Lovewell Blake LLP Chartered aOUntantS First Floor Suite 2 Hillside Business Park Bury St EdmurwJ5 IP32 7EA 301912022
Somerville Heart Foundation Company Llmited by Guarantee Statement of financial activities (including income and expenditure account) Year ended 31 December 2021 2021 Reslricted fvnds Totsl funds 2020 Unrestricle(I funds Total funds In¢om• Donalions and legacies (Xhèr trading a¢tiwties Investment income Olher income 90,350 51.487 2,841 .350 51,487 2,841 33 82.150 52,511 3.014 287 Total inet)me 144.711 144.711 137,962 ExndIture Raising funds Costs of raising danatKMts and 18gaci&s Charitable aetiwtie5 Other expenditure 11.581 106.702 2.025 11,581 117,955 2,025 3,963 101.8S8 2,292 108.113 11.253 Totsl expenditure 120.308 11.253 131.561 14•t In¢t)me and net moveftnts In funds b•fgr• 9ain$ and losses on investrnents 24,403 111.2531 13,1gJ 29.849 N•t gains sjn insImntS 16.176 16,176 6,843 N•t Income and net mowm•nt in.lund$ 40.579 {11.253} 29.326 36,692 Reconciliation ol funds Total funds brought forward Total funds caftied lor•ard 173.601 63.603 237.204 200,512 214.180 266.530 237.204 The slatement of financial acliwb8s includes all gains and lossesrecognised in the year. All income and èxpenditure derive from conkn"nuing acliwtiès. The notes )n pa9es 13 10 22 form part of thes• financbal statsmenta. 11
Somerville Heart Foundation Company Limlted by Guarantee 8alance sheet 310ecember 2021 2021 2020 Fixed assets Investments 11 145.980 128.098 CuThent •S8ets Debtors Cash at bank and li hw¥J 12 4.349 121.IK2 12.466 129,496 141.962 Crnditots: Amowlts f•lln9 due with#1 on¢ year 13 {4.8611 (32,8561 Net current assets 120.550 109.106 Total assts Itss cumnt Il•blUII•s 286.530 237.204 Net assets 266.530 237.204 Fmds olthe charlty R¢stricled funds Unrestricted funds $2.350 214.180 63.603 173.601 Totsl charity funds 16 2fj6,530 237.204 For the year ending 31 December 2021 the charty was entilled to exernption Irorn audit under $e¢aion 477 the Companie5 Act 2006 lath"n9 to small ctsmpanies. Directors. respon%bilibes.' The members have nol required the Company lo obtwn an audit of its finarKkql statements for the year question in aOrdanCe se£lion 476: The directors a&WIedYe their responsibilits for with the requirements of the Aet wilh resped to a¢wunting records and Ihe prepaiation of fwnckql ststements. Thèse financial slatemeftts have been prepwed in accor wrth Ihe pro¥?5ions applicable to ¢ompanifr$ subj.ect to thè small companks. regime. These finanoal statw*nts were apwoved by the board ol tntst••s .authoris•d for is$ye on 3Q1912Q21....... .. and are Si1 on beh3LI ol Ihe board by: M Rosen Twstee and Treasvrer Company wi$tration number. 07285409 Th• notes on pa9•5 13 to 22 fovm part oflhese fin•Th¢1 $tatwnwts. 12-
Somerville Heart Foundation Company Lin7ited by Guarantee Noles to tho financlal statements Year ended 31 December 2021 G•n•i•l Infornialion The charity is a public nefft 8nlity and a private conyany limiled by guarante•. registered in England and Wales and a registered charity in England and Wales. Th8 address ol the regislered offic8 1$ 7 Fri8rs Courtyafd, 30-32 Princes Street. Ipswith. Suffolk. IPI 1 RJ. Slal•ment ol Compllance The charity ¢on$litLrt¢s a public benefrt entity a5 d•fin•d by FRS 102. Th• fjnan¢i31 slBtements have been prèparèd in actoidancè with Account9 and Reporting by Charities: Slatem8nt of Recommended Piacb"ce applicatrA8 to charItS wepaiirvj their accounts in accordance with the Finala1 Reporling Standard applicable in the LIK and RepuNi¢ ol Ireland issued in October 2019, the Financial Repoiting Standard appli¢able in the Kingdom and Republic ol Ireland IFRS 1021, Ihe Charitiès Act 2011. the Companies Act 2006 and UK G8noralty Accepted Accounting Practsce. A¢¢ountlng poli¢ie5 8a$16 of pr•parallon financial ststomonts have been prepared on historical Cost basis. as mc#Jified by the revaluatK)n of certain financial assets and l¢abilities arnl investment propertw mgasur8d at fair value through 4i¢ome oi exp11U. Th• finanual stateNents are prepared in slerkng. 7hith is the functM)nal cuNency of Ihe entity. Golng ¢onurn The accwnts have been prepared on the going cirt•m basis and Ihè trustees believe that no material uncèrtaintiès èxist. The trvst•es have consiOere<l the level Df fvnd5 held and the expecled income and expenditure for the next 12 NIh& from auth0ri5ing these financial statemnts. The budge18d in¢ome and exp8ndilvrè is SuffnI the level of reseryes lor charity lo be able to continue a5 8 going ¢onrm. P•nsions The Charity operates a defined contribution pension sdme. Contn"ExJl1 to defined contribubon plans arg rsugnised as an expense in the perityj in which the related 89rvi¢8 1$ provided. L•a$lng Lease payments art r8¢ognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease in¢entiv8s is re¢ognis8d as a reduclion fts •xpense over the lease temi. on a slraighl-lin8 basis. 13.
Somerville Heart Foundation Company Llmited by Guarantee Notes to the financial statements 1¢ Yoar •nded 31 D•¢frmr 2021 A¢¢ourrting policles (Co•thU•) Fund accountin9 Unrestricted lunds arg a¥aabl? for use at Ihg lTell of Ihe tru$t•es to lurth8r any of the charitls purposes. Degnal¢d funds Wh necessary. are Imrtistri( funds eaffled by thè tfuslees for particular ly¢U prO1t or corrmitment Restricle(I funds a subpcted to restrictions on their oxpenditure deClad by the dorw)r or Ihrough the ter of an app8al. and fam In ¢)nB of sub-dasses." restrb¢ted income funds or endowment fvnds. Incom• l In)ming is included in the Statement of Finanrjal Activilies tn the charlty 15 Segally entiued to the incorne arxl th& amLwJnt ean be quantifthl reasonablè accuracy. Tr lollowing speuf policies are applied to particular calegories ol inrx)me: Voluntary Corne is receNed in the way of gwts. Wcies. dcThtions gifts and is incILe In full iTh Iha atement of financial aclivlties when receivabl?. Grants, wher? entiuem8nl is eonditional on the delivery of a specific perfmnce by the chanty. a recognised when it is considered probabl8 that thtr 1Cne will be recivod. Oonated saMc•s and facilitiès aro wxlud8d at th• vahje to Larity where this can b8 quaThtified. The value of services prowded by ¥olunteers has not been included in these accryinls. In¥oslmenl income cc¥)sists of bar inter•st and is a¢¢tyJnted for whtrn receivabl8. Expendit4x• All expendrture is accounted for on an accruals basis as a liatv.lity is intsjrred. Expenditurè includes any VAT that cannot be recovered and is r¢p)rted as part ol the expenditure lo which it relates. C05t of raisiny furth comprise of the cosls asyxial8d Wbth atraclin9 voluntary incDm8 and Ihe cosl ol trading for fundraising purposes. Charitats expenditu cornprtses of Ih05e costs In£¥r by Ihe Charity in the delivery of its acts"vib"es and services for its benefieraFi85. M includ8s costs that can be alk)eated dir•dy to such activitie5 and thosg costs of an indirect natur8 necessary to supporl Ihem. Govemance costs We indLhled within charitlt expeThJiivr8. Tlwe are costs assock8ted with the consts"tutional and statulw rwuirement ol the charity and incbJd• the accountants f•e5 and wsts linked to the Strateg managernent of the tharity. cosls are allocated bètwéen lh8 éxpthJilw• catéyiès of Staiemenl of Fin8n¢ial Activiis on basis desgned to llect Ihe of resources. Operating 1•585 Lease payments are reco9niseil as an expense over the lease term on a straight.line basis. rhe a99regate benefit of lease incentives is recognised as a redLtClion to expense over the lease tem). on a straighl-line basis. t4-
Somerville Heart Foundation Company Limited by Guarantee Notes to the financlal statements iconwftwd) Year ended 31 December 2021 Aeeounting polleies Invtrstm•nts Unlisted equity investments arè irMlialPy rncorded at eost. arwJ subsequenuy measure(l at fair value. If fair vakje ¢annot bè rdiably Thasur•<l, assets are a$[ed at ¢051 le$s irnpairntrnt. sted invÈ$trnÈnts are measured al fa value thaTrJes fair valuB bein9 r¢coynised in incom or expBn¢JitrJre. GOrnnnt grants Govemmenl gfftnts arp recognrsed at the fair value of th? awl receTrved OT r8c•ivable. Grants are not recognised until Ihere is r83sonab18 assurance that the charity will cornply with thg ¢onditions attaching to them and the grants wrfl be re1ve¢S. Wher• the grant does rwt impose specifred lulu perforrnance-related condilion5 on ihe recipient, it 15 rec)gnised in income when the grant Prd$ are re¢eived or feceivable. Where the gr8nt does irnpose specifi8d luiure perfomiance4elated conditions on the recipient. il is rgcognisod in incom only when Ihe perfrxman¢erfelated ¢orKlrfions havè bèen met. Where granls received are prior to satisfyin9 the revenue recthjnthon uittria. a recogntsed a5 a liability. Financial in5trum•nts A finanrjal asset or a financial liabilty is recoyniseil vthen the ?ntity bewnes a party to the Contraclual Fwovisions of the instrument. Basic firMn¢ial instrumenls are inilialty reeognised at the amount ceIvable or payable includirvJ any related transaction costs. unlèss the arraryernenl constrtutes a financing tran5a¢tion. where it is recoynisèd 3t the presont value ol the futyre paymonts d¢soJunt8d at a rnaet rat• of intef•$t lor a similar debt instrument. cuent awls and currènt liabilities are subsequenuy measured al Ihe cash or other ¢onsidgration expected to be paid or recerved and not dcoUnted. Debt inslnttrnnts subsequenlty rTwsured al arnortised cost. Llmil•d by guarantso The Somemme Foundation 15 8 regIsre tharity and a company Imled by guaranlee. which is not liablè to corporat tax. The members of the cornpany are Ihe trustees and directots named on the infomab.on page. In Ihe event of Ihe Charity being wound up. Ihe liability in respect of the guarant8e is lited to £1 p8r rn8rnb8r of th8 Ch*ity. 15-
Somervllle Heart Foundation Company Limited by Guarantse Notes to the financial statements (cOnth>) Year ended 31 Dècember 2021 Donallons and legael•s Lknreskncted Funds Restriettd Total Funds Funds 2021 Oon41ions Donabon5 gifts 58.937 56.93T Grants Grants rec8ivabJo lor corg activityes Govemft*nl grant income 31.413 31,413 90,350 Unreslricted Furbjs Restricted Total Funds Funds 2020 0on•tion$ Donations and gift5 28.862 25.000 53.862 Granis Grants r•ctrivaWe for corg acbvitses Go¥ernrI1 grant income 19,453 8,835 57.150 19,453 8.835 25.OLKI 82.150 Oth•f tradlNJ ac¢l¥lties Unrestricted Total Fu[S Lknreslyicted Total Fund Fu¢S 2021 Funds 2020 Membgr5hip Fundratsing &v•nts Lottery incorr 12,355 28,667 10.465 12.3S5 28.667 10.48S 41.537 10.974 41,537 10,974 51.487 51.487 52.511 52.511 Inve$lment Iom• Lhwestiicied Totsl Funds UN8$lri¢led Total Funds Funds 21121 Fld$ 2020 In¢ from assèt in¥estrnnts 2.841 2.841 3.014 3.014 16-
Somerville Heart Foundation Company Llmlted by Guarantee Not•s to the financial statements icofi(Miin4) Year ended 31 December 2021 Exp¢ndllure on clwltsble activllie$ Unrestricted Funds Rèslricted Total Funds Funds 2021 Wages. salar¢es and perbsion contn"butions E¥erts and COLwse expenses Travel expenses arKI s)slence Other graRts 01re expenses Renl and r(MYn hirè Insuran and subscriplions Postage, Staonry and wnlirvJ Bank thafges IT expen5e5 Coagueheck luntling Independent exarninEr costs 69.865 1.649 74.831 1.657 2.400 8,882 10.525 2,400 10,713 12.867 1.008 599 1.610 5,379 4.772 2,119 117.955 1.831 2,342 212 157 316 1.421 442 4.772 2.119 106,702 11,253 Unrestricted Funds Restheted Total Funds Funds 2Q20 WagES, salaries and Pensi &trIbu1r Events and COUTS8 8xpen5eS Travel expeftses and subystence Olher grants oirice exp8nses Rent and ruom hire Insurancè 8nd subscriptions Postage, slationery and printirwj Bank charges IT expenses Coagucheck lunding Independenl exaw*ner costs 65.572 7.545 68 1.224 8.708 4.087 416 303 65.572 7,545 1,224 11,175 6,063 6f7 449 1,012 2,467 1.976 201 146 330 1.097 2.267 3.451 1,285 95.60B 3,451 1.285 6,250 101.858 17.
Somerville Heart Foundation Company Limited by Guarantee Notes to the financial statements 1¢ Year ended 31 December 2021 S¢aff ¢o$ts Tho tolal slaff and employee benefts lor re(lIng period are analys90 as follows.. 2021 2020 Wages and 74.831 65.572 The average head count of employees durirYJ ts ye¥was 512020". 51. As a small charity, all of our staff have a fTDnt facng rol¢. helping arbj supporting GUCH patients stsff including.. - A patienls services rnanagef - A mèntal hèalth workèr - 04w apprentice who Wnfks on a patient suppjrt. communications and o¥ents- Our Nakn"onal Qirgctor o staffs Ihe helpline, looks after volunteets. supports patients at events and t9h our social rnedia and infomation and adwce seFvic5 a5well as carnpai9ning and advocating. The employment ¢osts above. Indu key manageffnt personnel c4)MnSatIon tDlalling £NI12020.' £Nill during thè yoar. o employee rtiVe employee berteffts of than £60.000 during th8 ar {2020: £Nill. 10. Tw$t•• vemun•rotion and exp¢ns•s Somèrville Heart Ftyjndation is opeTrted on a tnjsiees basis. No membws of Ihe management eornmitte8 or any person crffinecteil them has received or is to fe¢ei¥e arty remuneration for the yèar directly of indicY from Charity funds. Trustees were fimbur5ed expen$ amountsn9 to £122 {2020.. £Nill durin9 Ihe year. 11. Inv¢stmn15 Li$t*d investments Cost or valuallon At 1 January 2021 Adtjitions Disposals Fair value movemenls 128,098 32,561 {30,8551 16,176 At 31 D¢¢emb•r 2021 145,980 Impairment At 1 January 2021 and 31 DK•rnb•r 2021 Carrying amount At 31 Dt¢emb•r 2021 145.980 Al 310ecember 2020 128,098 l inSIments SI above are fffjkl at lUatIOn. 18-
Somerville Heart Foundation Company Limited by Guarantee Notes to the financial statements (¢ Year ended 31 December 2021 11. Investrnents (c4¥1•&I Flrand•l as$•ts knld al falr valu• Fair valuè is detenYMn•d by an •xtema#y prowde(l uweslmenl Forlfolio managed by Rathbon• Investmenl IAanageffent Limited at exh repcKiThJ datè. The hIstlea[ cosl as at the yearend 15 £109.695 {2020: £101.9951. 12. D¢btovs 2021 2020 Trade dèbtors PpaYments and accnd int other debtors 178 3.771 400 12,466 4,349 12,466 13. Crtditors: Amounls fallln9 due wlthiTr one year 2021 2020 Trd¢18 credttoys Accwals and delerred inry>r 240 4,621 52 32,804 4,861 32.856 14. D•f•rr•d Ineorn• 2021 2020 At 1 January 2021 Amount released tt) incrAn Amount deferred in year 28,90T 128.9071 28.907 Al 31 December 2021 28,907 Oeftsrrtd income amDunknn9 10 £28.907 relatè5 to condilional grant income recetved in Ihe year ended 31 Decgmbw 2020 on half of proj.ects being coftweted in the year ended 31 D•e8mb•r 2021. No amounts wwe deferred inio 31 Dethr 2022. 15. Grnment gfart5 Th• an)Unt$ the financi* statents for govamment grants 4Te a5 follows.. 2021 2020 Recogn15ed in income from donations aNI 1•gaC49S'. Governmènt grants income 8.63S 19-
Somerville Heart Foundatlon Company Limited by Guarantee Notes to the financial statemènts (¢*thi•rfJ Year ended 310ocember 2021 16. Anatys55 01 ¢hariLible funds Year ended 31 Dec4rnber 2021 Expenditure and Invg$lmonl Incom# rno¥em8nts Transfets 31 Dec 2021 1 Jan 2021 R05trict•d lunds Fellow$P lund COVID hafilship lund SomeNlle hardsfv"p fvnd 44.853 15.000 3,750 44,853 7,497 IT,5031 {3.750) 63.603 {11.253) 52.350 D•$ignated lunds S Shackman legacy fvnd Growng older sch8 Irlvestment Feserve 114.832 (2,500) 112.332 6,322 31,159 15,223 {8,901) 26.103 140.935 15.223 {8.901) 149.813 Unrestrlcted funth General lund 32.666 129,488 (95,231) 12,556) 64.367 Tofal funds 237.204 144.711 {115.385) 266,530 -20-
Somerville Heart Foundatlon Company Limlted by Guarantee Notes to the financial statements irononwd) Year ended 31 December 2021 17. Analysls ol ¢h•rltabl• fvnts leontifiued) Yèèi ended 31 D•cembw 2020 ExperKJilurÈ and Inve5bwt Income movements 1 Jan 2020 Transf8fs 31 Dec 2020 R•strict•d fund5 Fellowship fund COVID harYship lund Som8rvi1 hardship lund 44.853 44,853 15.0(10 3.750 15,0001 11.2501 44.8S3 25.0fy) {6.2501 63,603 Designated fund5 S Sha¢kman le9acy IWKI 114,832 114,832 Investment SerVe 40.827 114.7241 26,103 155.659 14.724 140,935 Unr¢strl¢t•d funds General fund 112.2 {95.0201 14.724 32.666 Total fun¢Js 200.512 137.982 1101.2701 237.204 Fellowship lund - The Fellowship Fund supports the education arKI traifting ol prolesswls who promde to c¥)ngenital heart patients. Funding was prwded mainly from fundrai5iThg events. covitj Hardship Fund - Tr is reSId to supwt vulnerable patients duiing the difficult Covid- 19 periods. Someryille Hardship Fund irume is restrietod to support vuln8rabl8 Patients in ling Wlth Ihg objecliv85 of the charity and was Ivlly eXSed a5 at thè year end dat•. S Sha¢kman legacy fi- The or9anlsat1n has cx)ntinu8d to draw down funds frorn the legacy lert by S Shackm•n, as Ihe Twslees have thosen to spend lunds in excess of in¢offe so thal paknenls receive Ihe seic&S that thèy need. This planned expenditure in lirbe advice fom thè Chaity Commission thal the legacy should be used lor beneficiaiies an¢J gradually tsCed over lime. Growing older scho- Fund e51thishgd lo help ACHD patsents th all aspects ol lile as they grow older. Inve5tm8nl reseNe rewesents amounts set aside lo reflect overall rTh)vement in investrnerts be¢?* tyJrreAI value and rml. 21
Somerville Heart Foundation Company Limited by Guarantee Notes to the finan¢ial statements Year ended 31 Oecember 2021 18. Anafysls of n•t ass•ts l>*tw••n funds Year ended 31 De¢wnb8r 2021 t current ass8ts Inveslm•nts Total R85trtcled lunds Unrestricted funds 52.350 68.200 6D.298 214,180 145.980 145.980 120.550 274.478 Year ended 31 Drnber 2020 Nèt Current assets Inv6strngnts Total Restricted funds Unrestricted funds 63.603 45.503 63.603 164,190 128.098 128.098 109,106 227.793 19. Op•rtllng l•as• e•nMnitm•nts Th¢ total future rninirNm lease p3nts under IwCellablts orwalirwj leas•s are as fc4lows'. 2021 2020 Not laler Ihan 1 y¢ar Laier ihan 1 year and not later tlw S years 3,950 7,900 1,975 3.950 9.875 20. R•lat•d p•rtl•s There have bBen no wolatod party transaclions in tho [rant or piior repIng period.