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|---|---|---|---|---|
|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|
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|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|
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|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|
##
##