Yeovil Heartbeat
Charity Registration Number: 1160305
Trustees, Annual Report and Financial Statements
for the Year Ended 31 March 2025
Contents
l) Adrninistrative Details.
21 Trustees, Annual Report...........................-......
3) Financial Statement .
41 Income and Expenditure Account.....,..,.,,,,,.,,,,,,,................................................
51 Balance Sheet .
6} Notes to the Financial Statements....................
71 Independent examinerfs statement..................................................
8) Statement of Trustees, Responsibilities.....................................
io

Yeovil Heartbeat
Trustees, Annual Report and Financial Statements 2024-25
l) Administrative Details
Trustees:
Ashley Davidson
Andrew Woods
Anthony Love
Rita Hurt
Henry Philip Eveleigh
Teren￿ Street
John Hayward
Paul Hurt
Janet Marga￿t Bamford
Chair
Secretary
Treasurer
Appointed 0911212024
Contact add￿ss.
Yeovil Heartbeat,
Cardiac Rehabilitstion Dept,
Yeovil District Hospital,
Higher Kingston,
Yeovil BA214AT
Independent Examiner:
Mr Timothy Cooper, ACA ICAEW.
PagÈ 2

Yeovil Heartbeat
Trustees. Annual Report and Financial Statements 2024-25
2) Trustees, Annual Report
The Trustees submit their annual report following the provisions of SORP (FRS 102).
Structure and Management:
Yeovil Heartbeat is a registered CIO (2015) and is governed by its constitution (revised
2015).
The trustees are all volunteers. The Trustees are authorised to co-opt new members to fill
vacancies in order to ensure adequate representation and diversity. The trustees work with
Yeovil District Hospital (YDH) Cardio Department to try to ensure the department is
represented on the board of trustees.
The Trustees are aware of their responsibilities regarding public benefit in accordance with
the guidance issued by the Charity Commission.
Management decisions are taken by the trustees in their regular rneetings. Decisions are
informed by advi￿ from the YDH Cardio Department staff and from the team of Phase 4
qualified gyrn instructors. Regular liaison takes place between these bodies.
Objectives and Activities:
The purpose of the chariiy is to support the work of the Cardiac Rehabilitation Unit at YDH,
especially the Phase 4 exercise classes, which allow cardiac patients in the I1￿81 area a
lifelong option to maintain their cardiac health.
The department provides Phases 1, 2, 3 and 4 of cardiac rehabilitstion frorn the unit based
at YDH. All staff costs for Phases 1 to 3 are met by the NHS Trust. The exercise equipment
for phases 3 and 4 and the staff costs for the phase 4 provision are met by the charity along
with specialised training needs for the staff.
Regular maintenance of gym equipment is overseen by phase 4 instructor Eddy Turner.
here equipment needs replacinglrenewing he will refer to the trustees, The payment rale
for gym instructors is set by the trustees and is reviewed annually. It is benchmarked against
the rates for local gyms and by the income from gym fees.
Volunteers assist with fund raising events, the upkeep of the gym and assisting patients in
Phase 3 sessions.
Achievements and Performance:
The Cardiac rehabilitation unit provides information, support and exercise options for all
cardiac patients who attend YDH. Patients can also be referred in by other hospitals or their
GP. Counselling services are provided and funded where necessary.
We see assisted approximately 250 to 350 new patients this year, enabling them to retum to
their lives healthier and more knowledgeable on how to maintain and improve their cardiac
Page 3

Yeovil Heartbeat
Trustees, Annual Report and Financial Statements 2024-25
health. Many patients retum for the voluntary Phase 4 sessions to maintain and further
improve their fitness.
Despite the recent hospital rnerger, we continue to support the local Acute coronary
syndrome, arrhythmia and heart failure teams assisting with training costs that the newly
merged Trust is unable to provide. This ensures that the Specialist nurses are fully up to
date with the latest research and treatsnent options in their field.
There were no major fundraising events held this year, but significant contributions were
received from the 2024 Yeovil Rotary Club Community Xmas draw,. Taryn Monk's sponsored
marathon and the sale of surplus Yeovil Heartbeat clothing and other merchandise by Eddy
Turner. The 200 Club continues to provide a regular monthly income. Donations from current
and ex patients also add valuable amounts.
Plans are advanced to hold a summer 2025 grand prize draw in collaboration wth
Yesterday's Farming and to once again link up with the Yeovil Concert Band to hold an
Xmas 2025 charity concert and raffle.
Page 4

Yeovil Heartbeat
Trustees, Annual Report and Financial Statements 2024-25
3) Financial Statement
The financial position of Yeovil Heartbeat is strong with a trading balance of £24,736 at the
year end and with £220,000 held in Designated Reserves.
The Reserves Policy, which was unanimously approved by the trustees at their meeting on
8th April 2024, sets out why Yeovil Heartbeat holds its particular level of reserves and how
the Trustees seek to ensure fi'nancial stability and sustainability.
Retaining a floating fund of approximately £20,000 for day-to-day trading, at present the
Charity has £220,000 in Unrestricted ReseNe funds. These are allocated to two Designated
Reserve Funds:
1) Trading Contingency Reserve Fund. The Twstees believe that £20,000 of unrestricted
reserves (equating to approximately 6 months, operating expenditure) is an adequata
and appropriate minimum level of reserves for a resilient business model, allowing the
Charity to continue to provide rehabilitation ServI￿S in the case of a period of severely
reducèd income (e.g. a pandemic).
2) Gym Refurbishment Reserve Fund. The Trustees have assigned £200,000 of
unrestricted reserves to be retained for refurbishment of the gym and the gym
equipment. There ar8 currently 20 professional cardiovascular exercise machines which
are in use on a daily basis and all except 4 machines are over 8 years old. Currently they
are maintainable but they are showing significant signs of wear. The Trustees want to
anticipate replacing them when the cost of maintaining them becomes uneconomic and
also to b8 able to refurbish the gym itS61f.
Yeovil Heartbeat's principal Sour￿ of funds is from donations and gyrn fees from patients
who voluntarily attend our cardiac rehabilitation sessions. We also receive funds from the
profit frorn our 200 Club, bank interest, fundraising events (e,g. sponsored runs, band
concert and raffles),sundry clothing sales and book sales.
Yeovil Heartbeat's principal outgoings are for gym instructor fees, gym equipment,
maintenance, training, counselling and sundry clothing and expenses.
Yeovil Heartbeat does not have an I nvestment Policy but we have historically retained 648
ordinary shares in Barclays Bank.
The principal risk we face is from a severe downturn in attendees of our cardiac
rehabilitation sessions (e.g. from a pandemic) resulting in revenue loss, whilst having to
maintain our operating expenses. We have mitigated this risk by allocating a Trading
Contingency Reserve of £20,000.
Page 5

Yeovil Heartbeat
Trustees, Annual Report and Financial Statements 2024-25
4) Income and Expenditure Account
Income and Expenditure Account
As at 31 March 2025
2025
2024
Notes
Income
Operating Expenses
57.613
150,4831
62,697
150,4211
Operating Income
Interest Received
7,129
3,282
12,275
3,351
Surplus on Operating Activities
Funds 8ought Forward LY
10,411
232,420
15,626
216,794
Funds Carried Forward TY
Reserved Funds
242,832
220,000
232,420
220,000
Tradlng Balance
22,832
12,420
stocks
1,904
1,187
Equity Balance
24,736
13,607
Page 6

Yeovil Heartbeat
Trustees. Annual Report and Financial Statements 2024-25
5) Balance Sheet
Balance Sheet
As at 31 March 2025
2025
2024
Notes
Assets
Cash and Cash Equivalents
Accounts Receivable
Stocks
244,980
2,494
1,904
245,577
5,043
1,187
Total Assets
249,378
251,808
Liabilltles
Accounts Payable
Accruals
12,042)
12,600
{4121
117,7881
Total Liabilities
14,642}
(18,200)
Net Asset5
244,736
233,608
Reserves
Trading Contingency Reserve
Gym Refurbi5hrnent Reserve
20,000
200,000
20,000
200,000
Total Reserves
220,000
220,000
Equlty Balance
24,736
13.608
Page 7

Yeovil Heartbeat
Trustees, Annual Report and Financial Statements 2024-25
6) Notes to the Financial Statements
l) Income from charitable activities as stated above in the Financial Statement.
2) Operating Expenses for charitable activities as stated above in the Flnancial Statement.
31 Interest Is reteived from Natwest bank and Manchester Building Society. We also hold new
accounts with Cambridge and Counties Building Society and Redwood Bank but no interest has
been paid in this financial year.
4) Cash in hand and cash at banks at beginning of year.
51 Debtors at year end.
6) 648 ordinary shares held in Barclays Bank plc at valuation.
7) Creditors at year end.
8) Payment obligations for servlces received, mainly Gym Instructor fees pending.
Page 8

Yeovil Heartbeat
Trustees, Annual Report and Financial Statements 2024-25
7) Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my
attention in connection with the examination giving me cause to believe that in any material
respect..
1. Accounting records were not kept in respect of the Society as required by section
130 of the Act,. or
2. The accounts do not accord with those records,, or
3. The accounts do not comply with the applicable requirements conceming the fom
and content of accounts set out in the Charities (Accounts and Reports) Regulations
2008 other than any requirement that the accounts give a 'true and fair view, which is
not a matter considered as part of an independent examination.
I have no concems and have come across no other matters in connection with the
IivaiiiiiiThpxaminab'on to which attention should be drawn in this report in order to enable a proper
understanding of the accounts to be reached.
Signature:
th
Date.. 14 January 2026
Name: Timothy Cooper, ACA ICAEW.
184 St Johns Road
Woking
Surrey
Page 9

Yeovil Heartbeat
Trustees, Annual Report and Financial Statements 2024-25
8) Statement of Trustees, Responsibilities
The trusiees are responsibSe for preparing the Trustees, Report and the financial statements.
In accordan￿ wtth applicable law ar￿ United Kingdom Accounting Slandards.
I he lav(vopti￿btelttr chattieE'in Englanth&Wales' requires the trustees to prepare financlal
statements for each financial year which give a true and fair view of the state of affairs of the
charity and of tha income and expendtture of the charity for that period.
The trustees are responsible for maintaining proper accountÈng records which disclose wth
reasonable accuracy at any time the financial position of the charity and enable them to
ensure that the financial statsments comply with the Charities Act 2011. the Chanty
(Accounts and Reports} Regulations 2008 and the provisions of the constitution. They are
also re8ponsible for safeguarding the 2ssets of the charity and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on 14th January 2026 and signed on their behalf by".
Sl9nature:
Dats: Ir
Nam& and position: Ashley Davidson
Chair
Signature.
Date:
Name and position: Andrew Woods
Secretary
Page 10