2021-12-31-accounts - Children's Heart Surgery Fund

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			Page
Report of the Trustees		1	to	9
Report of the independent Auditors		10	to	13
Statement of Financial	Activities
Balance Sheet			15
Cash Flow Statement			16
Notes to the Cash Flow Statement			17
Notes to the Financial	Statements	18	to	30

for the Year Ended 31 D	ecember	2021
						31/12/21	31/12/20
				Unrestricted	Restricted	Total	Total
				fund	funds	funds	funds
			Notes		f	f	6
INCOME AND ENDOWMENTS		FROM
Donations and legacies			4	674,254	201,881	876,135	779,435
Charitable activities			5	77,355		77,355	127,058
Investment income			6	8,966		8,966	9,561
Total				760,575	201,881	962,456	916,054
EXPENDITURE ON
Raising funds
Fundraising costs			7	304,013		304,013	326,518
Investment management	costs		8	5,828		5,828	5,283
				309,841		309,841	331,801
Charitable activities
Governance cost				3,912		3,912	3,082
Charitable activities				557,972	150,141	708,113	408,134
Family support services				129,288	52,664	181,952	76,916
Total				1,001,013	202,805	1,203,818	819,933
Net gains on investments				48,153		48,153	13,503
NET INCOME/(EXPENDITURE)				(192,285)	(924)	(193,209)	109,624
RECONCILIATION OF	FUNDS
Total funds brought forward				917,922	9,848	927,770	818,146
TOTAL FUNDS CARRIED FORWARD				725,637	8,924	734,561	927,770

Balance Sheet 31 December 2021
				31/12/21	31/12/20
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes	f		6
FIXEDASSETS
Intangible assets	15	212		212	256
Tangible assets	16	15,788		15,788	29,026
Investments	17	670,117		670,117	620,044
		686,117		686,117	649,326
CURRENT ASSETS
Stocks	18	18,650		18,650	12,361
Debtors	19	21,935	8,923	30,858	16,436
Cash at bank and in hand		469,296		469,296	445,903
		509,881	8,923	518,804	474,700
CREDITORS
Amounts falling due within one year	20	(470,360)		(470,360)	(196,256)
NET CURRENT ASSETS		39,521	8,923	48,444	278,444
TOTAL ASSETS LESSCURRENT
LIABILITIES		725,638	8,923	734,561	927,770
NET ASSETS		725,638	8,923	734,561	927,770
FUNDS	22
Unrestricted funds				725,638	917,922
Restricted funds				8,923	9,848
TOTAI FUNDS				734,561	927,770

Children's Heart Sur e Fund
Cash Flow Statement
for the Year Ended 31 December 2021
		31/12/21	31/12/20
	Notes	E	f
Cash flows from operating activities Cash generated from operations		25,110	130,735
Net cash provided by operating activities		25,110	130,735
Cash flows from Investing activities
Purchase of tangible fixed assets Purchase of fixed asset investments		(794) (148,523)	(6,230) (322,731)
Sale of tangible fixed assets Sale of fixed asset investments		922 135,088	(73) 326,729
Other cash movements on investments		11,515
Interest received		75	1,017
Net cash used in investing activities		(1,717)	(1,288)
Change in cash and cash equivalents the reporting period	in	23,393	129,447
Cash and cash equivalents at the
beginning ofthe reporting period		445,903	316,456
Cash and cash equivalents at the end	of
the reporting period		469,296	445,903

RECONCILIATION ACTIVITIES	OF	NE	T (EXPENDITURE	)/INCOME TO NET CASH FLO	W FROM OPER	ATING
					31/12/21	31/12/20
						F
Net (expenditure)/income			for the reporting	period (as per the
Statement of Financial		Activities)			(193,209)	109,624
Adjustments for: Depreciation charges					12,667	25,610
Gain on investments					(48,153)	(13,503)
Loss on disposal of fixed		assets			487	18,451
Interest received					(75)	(1,017)
(Increase)/decrease	in stocks				(6,289)	1,760
(Increase)/decrease	in debtors				(14,422)	4,841
Increase/(decrease)	in creditors				274,104	(15,031)
Net cash provided	by operations				25,110	130,735
ANALYSIS OF CHANGES			IN NET FUNDS
				At 1/1/21	Cash flow	At 31/12/21
				6	6	6
Net cash
Cash at bank and in	hand			445,903	23,393	469,296
				445,903	23,393	469,296
Total				445,903	23,393	469,296

DONATIO	NS	AND LEGACIES
			31/12/21	31/12/20
			6	f
Donations			697,693	482,840
Gift aid			44,571	28,200
Legacies Grants			5,000 128,871	162,000 106,395
			876,135	779,435
CHARITABLE ACTIVITIES
			31/12/21	31/12/20
			6
Fundraising		events	72,341	79,863
Other income			2,985	4,194
Government		grant income		10,000
Furlough	income		2,029	33,001
			77,355	127,058
INVESTMENT INCOME
			31/12/21	31/12/20
				6
Income from		listed investments	8,891	8,544
Deposit account interest			75	1,017
			8,966	9,561

Year Ended 31	Year Ended 31	December	December	2021
FUNDRAISING		COSTS
										31/12/21	31/12/20
										6	5
Staff costs										216,333	232,056
Fundraising Media and	appeal and event costs communication costs									57,165 9,073	43,692 27,418
General fundraising costs										21,442	23,352
										304,013	326,518
INVESTMENT		MANAGEMENT			COSTS
										31/12/21	31/12/20
										F	f
Investment	management									5,828	5,283
CHARITABLE		ACTIVITIES COSTS
								Grant
								funding	of
								activities		Support
							Direct	(see note		costs (see
							Costs	10) f		note 11) 6	Totals f
Governance	cost									3,912	3,912
Charitable	activities							461,409		246,704	708,113
Family support		services					181,952				181,952
							181,952	461,409		250,616	893,977
GRANTS PAYABLE
										31/12/21	31/12/20
										6	6
Charitable	activities									461,409	138,551
The total grants		paid	to institutions			during	the year was as	follows:		31/12/21	31/12/20
Equipment grants Course attendance/ training				grants						387,194 2,075	157,027 19,246
Other grants										14,425	(56,002)
										403,694	120,271
The total grants		paid	to individuals			during	the year was as	follows:
										31/12/21	31/12/20
										8	8
Course attendance/ Family support			training	grants						40,000 17,715	18,280
										57,715	18,280

SUPPORT COSTS
							Governance
					Management E	Finance 6	costs f	Totals f
Governance cost							3,912	3,912
Charitable activities					246,217	487		246,704
					246,217	487	3,912	250,616
Support costs, included		in the above, are as			follows:		31/12/21	31/12/20
					Governance	Charitable	Total	Total
					cost	activities	activities	activities
						6	6	6
Wages Social security Pensions						107,902 9,113 25,620	107,902 9,113 25,620	108,317 8,862 25,750
Other expenses Amortisation of intangible fixed assets						90,915 44	90,915 44	89,187 44
Depreciation of tangible assets Loss on sale of fixed assets						12,623 487	12,623 487	25,566 18,451
Trustees' expenses Auditors' remuneration					1,412 2,500		1,412 2,500	582 2,500
					3,912	246,704	250,616	279,259
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated		after charging/(crediting):
							31/12/21	31/12/20
							6	6
Auditors' remuneration							2,500	2,500
Depreciation - owned assets Deficit on disposal of fixed assets							12,623 487	25,639 18,451
CHSF Trademark amortisation							22	22
Katie Bear trademark	amortisation						22	23
TRUSTEES' REMUNERATION			AND BENEFITS
							2021	2020
								6
Governance - Trustees		expenses		reimbursed			990	124
Trustees professional	indemnity						422	458
							1,412	582

STAFF COSTS
					31/12/21	31/12/20
					f	6
Wages and salaries Social security costs					310,414 24,511	301,279 23,061
Other pension costs					52,345	50,645
					387,270	374,985
The average monthly	number	of employees	during	the year was as follows:
					31/12/21	31/12/20
Total					13	13
Average headcount	expressed	as a full time	equivalent		2021	2020
Administration					3	3
Fundraising & Marketing					6	7
Family Services					1
					10	10

INTANGIBLE FIXEDASSETS
		Katie
	CHSF	Bear
	Trademark	trademark	Totals
	6	6	6
COST
At 1 January 2021 and 31 December 2021	220	220	440
AMORTISATION
At 1 January 2021 Charge for year	92 22	92 22	184 44
At 31 December 2021	114	114	228
NET BOOK VALUE
At 31 December 2021	106	106	212
At 31 December 2020	128	128	256

for th	e Year Ended 31 Dec	ember 2021	ember 2021
16.	TANGIBLE FIXED	ASSETS
					Fixtures
					and
					fittings		Equipment	Totals
					6		6	6
	COST
	At 1 January 2021				3,372		67,383	70,755
	Additions					794		794
	Disposals				(1,384)		(13,680)	(15,064)
	At 31 December 2021				2,782		53,703	56,485
	DEPRECIATION
	At 1 January 2021 Charge for year				2,193 609		39,536 12,014	41,729 12,623
	Eliminated on disposal				(1,384)		(12,271)	(13,655)
	At 31 December 2021				1,418		39,279	40,697
	NET BOOK VALUE
	At 31 December 2021				1,364		14,424	15,788
	At 31 December 2020				1,179		27,847	29,026
17.	FIXEDASSET INVESTMENTS
							31/12/21	31/12/20
	Shares						647,117	585,625
	Other Investments						23,000	34,419
							670,117	620,044
	Additional information		as follows:
								Listed
								investments
	MARKET VALUE
	At 1 January 2021							585,625
	Additions							148,523
	Disposals							(135,088)
	Revaluations							48,057
	At 31 December 2021							647,117
	NET BOOK VALUE
	At 31 December 2021							647,117
	At 31 December 2020							585,625
	There were investment		assets outside the		UK.
	Overseas Equities	totalled to the		amount	off217,386 (2020 6171,076).
	UK Equities totalled	to	the amount	of6109,843 (2020: 6129,149).
	Other investments	totalled to the		amount	of6319,888 (2020:6319,819).

17.	FIXEDASSET INVESTMENTS - continued	FIXEDASSET INVESTMENTS - continued	FIXEDASSET INVESTMENTS - continued	FIXEDASSET INVESTMENTS - continued	FIXEDASSET INVESTMENTS - continued	FIXEDASSET INVESTMENTS - continued	FIXEDASSET INVESTMENTS - continued
	Cost or valuation		at 31 December 2021				is represented	by:
										Listed
										investments
										6
	Cost									647,117
	Investments	(neither		listed		nor unlisted)	were as follows:
									31/12/21	31/12/20
	At 1 January	2020							34,418	40,459
	Additions								(148,523)	(163,185)
	Disposals								135,088	116,218
	Cash at bank	movements							(6,932)	(4,031)
	Transfers								8,949	44,958
									23,000	34,419
18.	STOCKS
									31/12/21	31/12/20
	Stocks								18,650	12,361
19.	DEBTORS:	AMOUNTS			FALLING DUE		WITHIN ONE	YEAR
									2021f	2020
	Prepayments	and	accrued			income			30,858	16,436
									30,858	16,436
20.	CREDITORS: AMOUNTS					FALLING DUE WITHIN ONE YEAR
									31/12/21	31/12/20
									6	6
	Grant applications		payable						385,654	173,754
	Accruals and	deferred		income					83,011	20,152
	Other creditors								1,695	2,350
									470,360	196,256

						31/12/21	31/12/20
						6	f
Within one	year					21,360	20,983
Between one		and five years				16,569	34,831
						37,929	55,814
MOVEMENT		IN FUNDS
						Net
						movement	At
				At 1/1/21		in funds	31/12/21
				8		6	f
Unrestricted		funds
General fund				917,922		(192,284)	725,638
Restricted	funds
INR kits				5,884		(4,961)	923
Welcome packs				1,622		(1,622)
Katie bears					500	(500)
Book case	and		books		589	(589)
Wellbeing	sessions for families				647	(647)
Family support			worker		606	7,394	8,000
				9,848		(925)	8,923
TOTAL FUNDS				927,770		(193,209)	734,561

Net movement in fun	ds, include	d in the abov	e are as follows:
			Incoming	Resources	Gains and	Movement
			resources 6	expended 6	losses	in funds f
Unrestricted funds
General fund			760,575	(1,001,012)	48,153	(192,284)
Restricted funds
INR kits			3,842	(8,803)		(4,961)
Kardia mobile devices			5,461	(5,461)
Welcome packs			3,143	(4,765)		(1,622)
Tesco vouchers for cardiac patients			1,000	(1,000)
Baby MRI pod			20,475	(20,475)
Katie bears			560	(1,060)		(500)
Fish tank, bears, stickers			500	(500)
Book case and books				(589)		(589)
Wellbeing sessions for families				(647)		(647)
Family support worker			8,000	(606)		7,394
Headlight camera			11,250	(11,250)
Echo software			40,500	(40,500)
MRI exercise bike			18,304	(18,304)
Babytherm			9,856	(9,856)
General expenditure	supporting	children	9,000	(9,000)
Breasffeeding initiative			I7,167	(17,167)
Radio-frequency machine			5,000	(5,000)
ECMO landing monitor			7,500	(7,500)
Camp in the cloud			1,115	(1,115)
Fellowship			10,000	(10,000)
Parent accomodation			29,208	(29,208)
			201,881	(202,806)		(925)
TOTAL FUNDS			962,456	(1,203,818)	48,153	(193,209)

Comparatives for moveme	nt ln fun	ds
						Net
						movement	At
					At 1/1/20	in funds	31/12/20
					6	6	6
Unrestricted funds
General fund					804,179	113,743	917,922
Restricted funds
INR kits					67	5,817	5,884
Kardia mobile devices					100	(100)
Welcome packs					2,700	(1,078)	1,622
Equipment for teenagers					1,000	(1,000)
Tesco vouchers for cardiac	patients				100	(100)
Baby MRI pod					10,000	(10,000)
Katie bears						500	500
Book case and books						589	589
Wellbeing sessions for families						647	647
Family support worker						606	606
					13,967	(4,119)	9,848
TOTAL FUNDS					818,146	109,624	927,770
Comparative net movement	in funds,	included	in the above are as follows:
			Incoming		Resources	Gains and	Movement
			resources		expended	losses	in funds
			6			6
Unrestricted funds
General fund			764,428		(664,188)	13,503	113,743
Restricted funds
INR kits			17,777		(11,960)		5,817
Kardia mobile devices			2,985		(3,085)		(100)
Welcome packs				500	(1,578)		(1,078)
Baby leo incubator			5,000		(5,000)
Equipment for teenagers					(1,000)		(1,000)
Tesco vouchers for cardiac	patients				(100)		(100)
Baby MRI pod Katie bears			94,873 500		(104,873)		(10,000) 500
Fish tank, bears, stickers				600	(600)
Book case and books				589			589
Vein finder				992	(992)
Heart animations			7,590		(7,590)
Wellbeing sessions for families Family support worker			13,020 7,200		(12,373) (6,594)		647 606
			151,626		(155,745)		(4,119)
TOTAL FUNDS			916,054		(819,933)	13,503	109,624