Charity registration number 1151848 Company registration number 08370761 (England and Wales) PUMPING MARVELLOUS FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
PUMPING MARVELLOUS FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr J Richards Evans MrAN REvans Mlss L Chadwick Mrs K Hartshorne-Evans Mr P Dale Mr R J Cleverfey MrsAC Graves Mr RG Dunne C Slater Charity number 1151848 Company number 08370781 Reglstered office Suite 111 Business First Millenium City Park Millenium City Road, Ribbleton Preston Lancashire PR2 5BL Independent examiner David Graham Evan8 FCA Bishops 1 Croft Court, Plumpton Close Whitehills Business Park Blackpool FY4 SPR Accountants 8ishDPS Chartered Accountants Ph¢enix Park Blakewater Road Blackburn BB15BG Sollcltors Brabner's LLP Horton House Exchange Flags Liverpool L2 3YL Website pumpingmarvellous.org
PUMPING MARVELLOUS FOUNDATION CONTENTS Page Trustees, report Independent examine¢s report Statement of financial activities 10 Balance sheet 11 Notes trj the ftnanclal statements 12-18
PUMPING MARVELLOUS FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees, who are also directors of the charity for the purposes of the Companies Act 2Q06, present their report wlth the finan¢ial statements of the charity for the year ended 31 March 2024.. The financial statements have been prepared in acts)rdan with the accounting policies set out in note 1 to the financial statements and comply wtth the charity's goveming document, the Companies Act 2006 and "Accounting and Reportlng by Charfties: Statement of Reojmmended Practi applicable to charities preparing their accounts in accordance with th8 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The State of Heart FailurÈ Pumping MaNellous is leading efforts to improve care for heart failure in the NHS. The organisatpJn is nvolved in various strateg[¢ and ontral rxjmmittees to drive innovation. Heart failure is a complex syndrome with both dinieal and sociallpsy¢hologlcal impacts on patients, their families, and the wider populalion. It has pooier OLrtcomes and prognosis compared to most common forms of cancer. In the UK, an estimated 1,000.000 people suffer from heart failure, and 3040010 of those diagnosed Could die within one year of diagnosis. The population affected by heart failure is mostly elderly. but it can impact people ef all ages. There Is evidence to show that a prompt diagnosis and inteNention by heart failure specialists, abng with a strong multi-disciplinary team supporting the patient upon discharge, can lead to improved outcomes. However. the multi-disciplinary team is under-resourced and faces thallenges In malntaining consistency, structure, and membership nationwide, which affects the level of sUPPOrt available to patients. The Pumplng Marvellous Foundation was established to demonstrate leadershlp in Lrtilisiing patient insights. It collaborates with all stakeholders to ensure the highest quality of life for patients and their families. Aims and Objectives PMF has four primary goels that act as a cohesive multi-disciplin8ry 8pproach to heari failure care: To support patients. carers and their families on how to self-manage the psychological, socio- economic, and physical impacts on their lives that the o)ndition imposes. To improve timescales to diagnose heart f8ilure at primary care gateways. To increase the number of paflents reGeivlng specialist heart failure c£re and support. To influence policies of all stakeholders to reflect patient needs. PMF carries eut the following activities to achieve these goals: Working in parthership with the NHS at central and regional level. to Greate patient-driven inltiatives. Operating a comprehensive website which en8bles PMF to act as a catalyst to facllltate the prDgression of heart failure Care. Providing advocacy services to beneficiaries at a local, regional and nation81 level through a network of regional volunteers who engage in campaigns. publications, distribute Ilterature and build local relationships. Lobbying MP'S and govemment officers to gain their SUPPDrt in raising awareness of Ihe inueasing cost of heart failure to the health economy. Utilising peer-to peer waching and patiemt support to promote, self-care, self-education. and self- intervention to increase early diagnosts and treattnent of heart failure.
PUMPING MARVELLOUS FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Publlc Benefit The mission of the Pumping Marvellous Foundation is to ensure that patients re¢elve the best possible treatment, ¢are, and support, ultimately improving iheir quality of life and th8t of their familie8. The foundation aims to ensure that Patients receive the best diagnosis, clinical inteNention, and support from a multidisciplinary team in both acute and community settings. leading to an improved qualty of life. Additionally, the foundation seeks to (x)Ilaborate with other organizations and Indlviduals to facilitate the development of heart failure services, providing a clear pathway from dlagnosis to secondary and community care settings, and eventually to palliative services. Objectives Please remember the following polnts,. Ensure that the pallent voice is represented in all communication channels with stakeholdeTS. Establlsh and maintain a community of patients who provlde support to each other. Increase awareness of heart failure and its primary symptoms across all stakeholder channel8. Strengthen our digitsl presen and resour$. Focus on building a sustsinable flnancial model fo[ the charity. Emphasize the importance of a multi-disciplinary team. Foster partnershlps with stakeholders in the he81th system. Implement and enhance the governance framework of the foundation. Continuously review and improve the organizational structure to meet demands. Activities and A¢hievements We are wmmitted to customising resources to assist patients diagnosed with heart failure. This ass[Stan also extends to the patient's caregivers and families. Our services indude a patient telephone support line, email support, website chat supporL Fa¢ebook messaging support, and Twitter direct message support. We offer peer-tOThpeer support throLJgh our private Facebook Gommunty, which is exdusively for HF patlents and those impacted by the condttion. This communtty Is Continuously growing, with NHS nurses, cardiologists. and ¢ardia¢ rehab teams frequently referring patients for non-medi¢al support. We have strict moderation and rules goveming activty, which ar6 enforced by our Patient Educators. Heart Failure Awareness The main thst of activities around building awareness has been via our BEAT Campalgn and the use of digital space and SOGial media. Awareness of heart failure is a rolllng conversation. Our three thrusts have been aimed at the following: General Awareness of the condition and its symptoms. Awareness of the patient voice that does not exlst In the stakeholder channels. Innovations 8nd fatward momentum in therapies and new ways of working focusing on diagnosis, efficient use of HF sp&¢ialists, and getting patients to heart failu nurses. Volunteer development Please keep the following text in mlnd: With our Patient Advisory Committee, it 18 crucial that we continue to concentrate on enhancing the skills of our valuable volunteers. We are dedicated to establishing a diverJe and inclusive community of heart failure patients and have made substantial efforts to achieve widespread volunteer representatlDn 8cross the UK. Our focLJS is on increasing the number of patient educator volunteers, particulady those who can represent indlvlduals with HFpEF.
PUMPING MARVELLOUS FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Significant political activity We have continued our membership of the Allian for Heart Failur8. We have attended political events when neSsary. This will be an ongoing activity when there is more darity and potential adhesion to political leadership. We deliver feedb8¢k throuoh various ¢hannels, giving insight into how people live with heart failure. Significant operational activity By the end of MarGh 2024, we supplied over 350,000 pieces of infomiation free of Charge to HF teams across the UK. This Is an Increase of over 500k in 2022 23 and we continue to see the rise in demand moving into 2024 25 Launch of new Patient Guides for Iron Deficiency. HFpEF. Ejection Fraction and Potassium Translation of the top Five patient guides into Polish, Welsh. Bengall. Urdu and Punjabl. The BEAT HF campaign c£)ntinues to play a significant role and is now the UK'S most promiNent public awareness campaign. It is a multi-channel campaign covering. National Radlo Social Media Mass-Transit digital advertising Prominent arlerlal City route roadstde advertising BEATI8, the Pumping Marvellous electric van, continued her tour of the UK to support the BeatHF campaign Significant marketing activity Continued increase in activity across our digital ¢hannel's year-on-year Radio advertising to support the BeatHF Campaign. National press advertising and content Mass transit digital road sign advertising National Railway Station digital road sign advertising London Underground digital board. static and motion advertising Major Conferences attended Our CEO represented p8tient8 at NICE on the various medical technology appraisals, scientific ommittees and providing valuable patient insights. Delivered remotely. We attended many other speaker events across the UK. All honorariums payable were paid direct to the charity. Govemance The charity continues to Eview and refine its governance with its legal representatives.
PUMPING MARVELLOUS FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Press and Media Activity (on and offline) International Press National Press Local Press Social media Radio Digital signage- National Rall l London Underground l Main Arterial Clty Roads Communicationl IT tnfrastructur81 Web We Cf>ntinue to invest in our Ix)mmunication and IT infrastructure. All systems continue at an "Enterprise" level, provldlng the organisation with robustness around *curity and data protection. We continue to use Zoom and Teams to facilitate internal and external meetings.
PUMPING MARVELLOUS FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Fundralslng Fundrdising Overview., April 2023-2024 Donations & Fundr8iser8 £61,937 We continue to promote our fundraislng channels and have continually developed this area on our wdJsite, we continue to support our fundraisers and 811 their efforts. As a dynami¢ charlty. we have continued to rely on the generoslty and klndness of our supporlerg to enable people living with heart failure across the UK to access the practical and emotional help and SUPF)Ort they need when Ihey need it mst. Co4)orate and Grant Funding £260.087 During this period, it has been possible to continue employing a part-tirne adminlstrator to explore potential new avenue$ of funding (in companies and trusts). In Summary Donations received from trusts £17,134 Charitable Trust fundraising will continue throughout 2024125., there has been a slgnificant decrease in trust funding available. Project Delivery It is essential to highlight that all companies we engage with have signed our MOU. Novartis Pharm8 Uk London £9,533 Radio disease awareness Medtronic Limited Pharma¢osmos Astra Zeneca National Lottery NHS England £51,704 £55.000 £19.900 £8,580 £10,000 Healthy Heart Program Cardi8c Rehabilitstron Plath)m starlight Project Patient Educator Conferen Yorkshire 3 ICB project Pharmacosmos UK Ltd Astra Zeneca UK Ltd Mldlands Partnership NHS Foundation Trust Medtronic Limited £17.370 £64,950 Iron Deficiency Guide Discharge Pack £10,000 £8,700 Patient Infomiation Patient Information Probe Drainage cpc PRS Group Paragon Bank £1,500 £1,500 £1,000 £350 Sponsorship Healthy Heart Program Sponsorship 7 in 7
PUMPING MARVELLOUS FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 FÉnancial Performaneè 2023-24 closed with a balance of £366,799 the total Income for 2023-24 was £360,067, a decrease of approximately 480h from 2022-23, against the expenditure of £455,001,which represents a decrease of approximately 22¥0 from 2022-23. These changes are reflective of the development and stablllty of the team over the year. The decrease in income 1£ reflectlve of the economic environment and the increased difficulty in obtaining frjnding. The Pumping Marvellous Foundatlon continues to re¢elve Income from a variety of funding streams and relies on the generosity of thè publ1¢ for Its fundraising activltles for example- donations from individuals and organisations, sponsorshlp of individuals involved in sporting actlvitles. Consultancy Payments £8,153 Along with grant funding. partnerships, and projects. this enables the employment of a full-time officer (CEO), nearly full-time managers to run the dally operations and deliver project8, and two part-time admSnlstrators to drlve the charity forward, support our community, and produce the tool kits promoting the charlty's 8warene88 and aims. Reserves Pollcy The reserves policy allow8 th8 charity to plan and develop a programme for future activities wlth the Certalnty that it can proceed and delivèr projects wlthout dependen¢e on further fundlng, The trustees are happy to hold resereS up to an equlvalent of 12 months of general operating costs to provide the basis for building the charity and continuing Its work should it suffer a downturn In income. Pumping Marv¢llou8 Foundation's cuffent budgeted monthly expendlture for the upcoming year 18 approximately £20,000. Prfnclpal Fundlng sour¢o$ PMF has continued to forge strong partnerships wlth Llfe Sdences organlsatlons as well 88 thelr respectlve trade organlsations. PMF grows, we will be looking to develop our other channels further for funding Including corporate and grant funding, legacy and wills and strengthen our publlc support along the NHS partnerships. Structura, governance and management The trustees, who are also th& directors for the purpose of wmpany law. and who served durlng the year qnd up to the date of signature of the financial statements were: Mr D D Smith (Resigned 10 June 2023) Mr J Rlchards Evans MrAN R Evens Miss L Chadwick Mrs K Harishome-Evans Mr P Dale Mr R J Cleverfey Mrs A C Graves Mr RG Dunne C Slater
PUMPING MARVELLOUS FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Tmstee Team The Pumping Marvellous Foundation has a voluntary twstee board that meets on a bi-yeaily basis and convenes for tele-conference calls as required. The Trustees govem the charily Ihrough its Govemance Documents and the Arti¢les of Association. Although the Gurrent board of trustees do not have any pecuniary interest and rec£ive no payment from the charty other than out of pocket expenses we have entered into a contract where significant qualifred medical advlce was required for a project dellvery. It was then decided that Angela Graves, the Chair and former employee of the charity, was fomi8lly contracted to provide medical advice and project man8gement. This is not a continuous contract and was lfilled on the project had been completed. The appropriate dlllgence was completed, and our legal team advised the tharity trustees on how to complete this. The Trustee Board is wrrently recruited by recommendation. This may change with the needs of the charity. The adminlstrative trustees are nominated and voted in by the trustees vote every year. Operational Te8111 The Pumping Marvellous FoundatlDn has an executive team with administrative. dinical and fundraising 8UPPOrt that manages the strateglc direction and is responsible for the ¢harity's adivities. PatientAdvisory Group This is a collection of expert patients who volunteer their time to help fellow patients. They are called Pallent Educators and are Intrinsically Involved in the direction and a¢livlties of the charity regularly supporting the operations team in its activilies. ClinicalAdwsory BDard The role of the Clinical Board is to 8Ct a8 an independent advisory board wlth no responsibility or accountability as to the actions of the charfty. The purpose of the Clinical Board is to guide the tharity in making the right decisions around the health and wellbeing of heart failure patients across the United Kingdom- offeting factual and real-world experience from the ¢llnlcal and payer perspective. The Clinical Board will have access to all the charity's resources and will also act to create new opportuniltes foi the charity. The Clinical Board's role is advisory and is not bindin9 on the Charity. The Charity wlll indemnity the Clinical Board against legal claims based on advice. provlded the members of the Clinical Board have acted in good faith and have given advice in keeping with the conduct of their piofessional position8. Membership The charity dtrs not have a membership and is all inclusive in line wth the cherity objects. Jnvestments A trading subsidiary. Pumping Marvellous Ventures, was set up to enable opportunilies thal occur outside the charfty's main focus yet benfit the eharlty's Core operations.
PUMPING MARVELLOUS FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 CEO Summary Statement The Pumping Marvellous FaundatiDn is the go-to organisation for- Real patient insighls Significant distributor of patienl information to the NHS through heart failure teams. A leading advopate ot heart failure patients across the UK. Valuable partner to all stakeholders especially the NHS. NICE and thDse advocating change. The Pumping maelloUS Foundation was described as 8 °Consultancy lo us all" A fair comment, however, we dellver at all levels. At the coal face with the patlents and superbly equipped to deal with the national conversations al Ihe hlghest of levels, a ¢hallenge that all associated with the charity are keen to continue. not least by the patients themselves. To build upon the foundations thal the charity has laid however, will require the reSoUrS to delivery on our core aims and objectives, and therefore assuring funding from multi stakeholders will be a priortty going forward. We will need to be agile and athletic around spreading our bets around where we aCsS funding. We need to level the playing field and focus on grants and corporate funding where this is significant value not only for PMF but also the funder. We have over 1,000,000 people in our b8neficiary population and ourrently we are the only specifsc heart failure patient organisation in the UK. The trustees, report was approved by the Board of Trustees. Mr R J Cleverley Trustee Dated.. ,01.12. 24....
PUMPING MARVELLOUS FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PUMPING MARVELLOUS FOUNDATION report to the trustees on my examination of the financial statements of Pumping Marvellous Foundation (the charity) for the year ended 31 March 2024. Responsibilities and basis of report As the trustees of the Charlty (and also its directors for the pury)oses of company law) you are responsible for the preparation of the financtal statements in accordance wtth the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity are not required to be auditsj under Part 16 of the 2006 Act and are eliglble for independent examination. I report in respect of my examination of the Gharitys financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act), In carrying out my examinatlon I have followed all the applicable Directlons glven by the Charity CommissiDn under section 145151(b} of the 2011 Act. Independent examinerfs statement Sinc£ the charity's gross income exceeded £250,000 your examiner must be e member of a body listed in section 145 of the 2011 Act. I confirm thal l am qualifsed to undertake the examination because l am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attentlon in connection with the examination giving me Cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Acl. or the financial ststements do not accord with those records., or the financial ststements do not comply with the accounting r8quirementB of section 396 of the 2006 Act other than any requirement that the ac¢ounts glve a true and fair view which is not a matter considered as part of an independent examination. or the financial statements have not been prepared in accordance with the methods and principles of the statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing thelr accounts in acci)rdance with the Financial Reporting Standard applicable in the UK armj Republic of Ireland {FRS 102). I have no concerns and have come acro88 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 financial statements to be reached. Daiiid Evans FCA Bbhops 1 Croft Court, Plumpton Close Whitehills Business Park Blackpool FY4 SPR Dated: ...
PUMPING MARVELLOUS FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and lega¢ie$ Charitsble activities Other trading activities Investments 343,187 10,302 4,166 2,412 343,187 10,302 4,166 2,412 672,592 22,308 6,054 735 672,592 22,308 6,054 735 Total income 360.Q67 36D,067 701,689 701,689 Expenditure on: Raising funds Charitable activities 9,800 445,201 9,800 445,201 12,023 571,772 12,023 571,772 Totsl expenditure 455,001 45S,001 583,795 583,795 Net incomel(expondlture) and movement in funds (94,934) (94,934) 117,894 117,894 Reconciliation of funds: Fund balances at 1 April 2023 461,473 461,733 343,579 260 343.839 Fund balances at 31 March 2024 366,539 260 366,799 461,473 260 461,733 The statement of financial activities includes all gains and lo$*s recognised in the year. AJI income and expenditure derive from continulng activities. 10-
PUMPING MARVELLOUS FOUNDATION BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Fixed assets Investments 12 10,001 10,001 Current assets Debtors Cash at bank and in hand 13 359,172 454,394 359,172 454,396 Creditors: amounts falling due within one year 14 {2,374) {2,664) Net ¢urrgnt assgts 356,798 451,732 Total assets less current liabilities 366.799 461,733 The funds of the charity Restricted income funds Unr68tricted funds 16 17 260 366,539 260 461,473 366,799 461,733 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The dlrectors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not requlred Ihe company to oblaln an audit of its financial Statements for the year in qu8Stion in accordance wlth section 476. These financial statements have been pr&pared in accordance with the provisions applicable to companies subjeot to the small companies regime. The financial statements were approved by the truslees on Mr R J Cleverfey Trustee Company registration number 08370761 (England and Wales) 11
PUMPING MARVELLOUS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charty information Pumping Marvellous Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is Suite 111 Buslness First, Millenium Clty Perk, Mlllenlum City Road. Ribbloton, Preston, LanShIre, PR2 58L. 1.1 Accountlng ¢onvention The financial ststements have beén prepared In accordance with the charitls Governance Do¢ument8 and Artietes of Association, the Companies Act 2006 and '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 2019>°. The charity is a Public Benefit Entity as defined by FRS 102. The charity hag laken advantage of the provlslons in the SORP for charities applying FRS 102 Updats 8ulletin 1 not to prepare a Statement of Cash Flows. The financial 6tatement8 8r8 prepared in Sterling, which 18 the functional encY of the charity. Monetary amounts in these financial Statements are rounded to the nearest £. The financial statements have been prepared under the hlstorteA91 cost conventbn. The prlnclpal accountlng policies adopted are set out below. 1.2 Golng concem At the tlme of approving the financial Statements, Ihe twstees have a reasonable expectatlon Ihat the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustee8 ¢ontinue to adopt the going concern besis of a¢¢ountlng in preparing the finan¢Sal statements. 1.3 Charllable funds Unrestrf¢ted funds are avallable for use at the dtscretion of the trustees In furtherance of thelr charhabl8 objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the note6 to the financial ststements. Endowment funds are subject to Specific conditions by donors that the ¢8pltal must be malntslned by the ¢h8rlty. 1.4 Income Income Is recognised when the charity Is legally entitled to it after any performance conditlons have been met, the amounts can be measured reliabty. and it is probable that income will be received. Cash donatlons are recognlsed on reipt. Other donations are recognised once the ¢harlty has been notlfled of the donation, unless perform8nce conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant És recognlsed at the time of the donation. Legacies are recognised on receipt or otheNi8e if the charlty has been notified of an Impendlng dlstrlbution, the amount is known, and receipt is expe¢ted. If the amount Is not known, the legacy Is treated as a conlingent asset, 12-
PUMPING MARVELLOUS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {Continued) 1.5 Expendlture Liabilitie8 are recngnised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expendiiure, it is probable that a transfer of economio benefits will be required in settlement and the amount of the obligation can be measured reliably. expenditure is accounted for on an acGruals basis and h88 been dasslfied under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent wth the use of resources. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at o)st and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the Cost or valuation of assets less their residual values over their useful Ilves on the following bases.. Plant and equlpment written off in year of acquisition The gain or loss arising on the disposal of an asset is determin8d as the difference behveen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Fixed asset investments Fixed asset investments are initially measured at transaction price exduding transaction Costs. and are subsequently measured at fair value at each reporting date. Changes in fair value are retognlsed in net In¢omel(expenditure) for the year. Transa¢tion $ts are expensed as incurred. A subsldlary Is an entity controlled by the charity. Control is the power lo govem the financial and operating policies of the entlty so as to obtain benefits from its activities. 1.8 TatIOn The charity is exempt from corporation tax on its charitable actlvltles. 1.9 Pension ¢osls and other post-retirement benefits The ¢harltable company operates a defined contribution pension scheme. Contrlbutlons payable to the charitable company'8 pension scheme are charged to the Statement of Financial kntivits'es in the period to whlch they relate. Donations and legaGies Unrestrlcted Unrestricted funds funds 2024 2023 Donations and gifts Other Donations 87.450 255.737 69,982 602,610 343,187 672,592 13-
PUMPING MARVELLOUS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from charitable activities Fees & Fees & reclaimed reclaimed expenses expenses 2024 2023 Other income 10.302 22.308 Analysis by fund Unrestricted fund5 10.302 22.308 Income from other trading actNities Unrestricted UnrestriGted funds funds 2024 2023 Shop income 4.166 6.054 In¢ome from investments Unrestricted Unrestrleted funds funds 2024 2023 Interest receivable 2,412 735 Expenditure on ralsing funds Unrestricted Unrestrlcled funds funds 2024 2023 Fundraising and publicity Staging fundraising events Other fundraising costs 7,467 2,333 5.546 6,477 9,800 12,023 14-
PUMPING MARVELLOUS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities Charltable Charitable Expanditure Expenditure 2024 2023 Staff Costs Insurance Office & Storage IT Costs Patlent Informatlon Patient Communltyl Awareness Campaign Telephone Postage & Statlonery Sundries Equipment Purcha88S Travel costs Training costs Promotional & Marketing Website & Social Media Speakersl C8mpaign costs 167,820 3,511 16,031 4,617 112,682 68,269 1,161 7,553 59 6,821 16,492 154,396 3,273 15,174 3,735 110,411 157,275 1,402 11,861 25 984 12,188 95 21,247 67,279 8,242 466 34,376 1,865 441,723 567,587 Share of ooveman¢e costs (see note 8) 3,478 4,185 445,201 571,772 Support C05t8 allocatsd to adivities 2024 2023 Govemance costs 3.478 4.185 Analysed between: General 3,478 4,185 Trustees None of the trustees (or any persons connected wlth them) received any remuneration or beneffts from the charity during the year. 15-
PUMPING MARVELLOUS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Employees The average monthly number of employees durlng the year was: 2024 Number 2023 Number Employment costs 2024 2023 Wages and salaries Social secudty Q)sts Other pension costs 121,562 38,523 7,735 111,501 36,231 6,664 167.820 154,396 There were no employe88 who88 annual remuneratlon was more than £60,000. 11 Taxation The charlty is exempt from taxation on its 8Ctlvitles because all Its Income is applled for charftable purposes. 12 Flxed asset investmgnts Other investments Cost or valuatlon At 1 April 2023 & 31 March 2024 10,001 Carying amount At 31 March 2024 10.001 At 31 March 2023 10.001 2024 2023 Other investrnents comprise: Notes Investments in subsidlaries Loans to subsidiaries 10,000 10,000 10,001 10,001 16-
PUMPING MARVELLOUS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Debtors 2024 2023 Amounts falling due within one year: Trade debtors 14 Creditors: amounts falling due withln one year 2024 2023 Other creditors Accruals and defaed income 1,114 1,260 1,406 1,258 2.374 2,664 16 Retirement benelit schemes 2024 2023 Deflned contrlbution schemas Charge to proflt or loss In respect of deflned contribution schemes 7,735 6,684 The eharlty operates a defined contribution pension scheme for all qualifying employees. The assets of the 8cheme are held separately from those of the charity In an independently administered fund. 16 Restricted funds The restricted funds of the charity comprlse the unexpended balances of donatlons and grants held on trust subject to specific conditions by donors as to how they may b8 used. Al 1 April At 31 March 2023 2024 Sundry restricted funds 260 260 Previous year: Al 1 April At 31 March 2022 2023 Sundry restricted funds 260 260 17-
PUMPING MARVELLOUS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditlons by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for sp8cific purposes. At 1 April 2023 Incoming resources Resources At 31 March expended 2024 General funds 461,473 360,067 (455,001) 366,539 Previous year". At 1 April 2022 Incoming resources Resources At 31 March expended 2023 General funds 343,579 701,689 (583,795) 461.473 18 Analysis of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Investmeni8 Current assetsl(liabilities) 10.001 356,538 10,001 356,798 260 366,539 260 366,799 Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 March 2023: Investrments Cutrent assetsl(liabilities> 10,001 451,472 10.001 451,732 260 461.473 260 461,733 19 Related party transactions There were no di8clo8able related party transactions during the year (2023 - none). 18-