Charity registration number 1162634 AED Donate Annual Report and Financial Statements For the year ended 31 July 2024
AED Donate Legal and administrative information Trustees Mr P Walker Nissj H Morris Niss L Lead Dr J Bingham Miss J Gallimore Mr D Whitehouse (Appointed 23 November 2023) {Appointed 23 November 2023) Mr C Hudey Charity number 1162634 Audltor DJH Audit Limited The Glades Festival Way Festival Park Stoke-on-Trent Staffordshi STI 5SQ
AED Donate Contents Page Trustees report Independent auditor's report statement of ff nancial activities Statement of financial position statement of cash flows io Notes to the finan¢Oal statements 11-24
AED Donate Trustees report For the year ended 31 July 2024 The Trustees present their annual report and finanaal statements for the year endeij 31 July 2024. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's constitution, the Charities Act 2Qll Jnd Accounting ènd Reporting by chariti.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finanaal Reporttng Standard applicable in the UK Republic of Ireland IFRS 1021. leffertive l January 2019). Objectives and activities We start by reflecbng Dn the continued progress and growth of AEDdonate over the past year. Desprce economic pressure5 and a reduction in grant fvnding, the organÈsation ha5 remained resilient and committed to its mission. Together, we have continued to make a real impact on improving su1Val rate5 from out of hospital cardiac arrests through wider access to life-saving defibrillators and training. Over the financial year, we experienced strong performance in key operational areas. While total income reduced slightly compared to the previous year, income from core activitie5 remained healthy. Retail incorne remained a vital contributor. and our fundraising through community events saw a significant uplift. Throughout thÈ year, we remained f(Kused on public education and community engagement, equipping more individua15 Wlth the knowledge and confidence to respond in cardiac emergencies. Installations of new defibrillators rose this year compared to the previous year. showing strong ongoing demand and imF*act across communities. A central part of our strategy contlnues to be collaboration. We have worked with local authorities, community groups, schools, and buslnesses to extend our reach. Our events and campaigns have not on raised vital funds but also increased publlc awareness of the importance of accessible AEDS. The charity continues to evolve operationally. Our retail division is now supported by a dedicated donatio and logistics centre. further aligning with our commitment to sustainability and community support. These evelopments also provide employment and volunteering opportunities. strengthening our social impact. This year, we welcomed new Trustees and expanded our governance capacity. We also revlewed our Internal preSSeS and resource planning to ensure we remain agile and resptsnsive Én the ajrrent funding envlronment. Volunteers are the heartbeat of AED Donate. Over the past year. they have contributed to everything from fundraising events to training delivery and defibrillator maintenance. We are incredibly grateful for the time, energy, and passion our volunteers bring, and we look forward to expanding our Volunteer Team in the year ahead. Trustees regularfy review strategic and operational risks, with particular attentlon paid to financial sustainability and servitt delivery. Cash flow remained positive throughout the year, and Tmstees have taken proactlve steps towards strengthening reserve5 through increased revenue generation and cost control. No major risks were identifted during the reporting period that would affett the charity's ability to continue Its operations.
AED Donate Trustees report (continued) For the year ended 31 July 2024 Plans for future periods In line with our core mission to save lives from sudden cardiac arrest. our strategic objectives for the forthcoming year are focLJsed on expanding reach. increasing impart. and strengthening community engagemerbt. A key prionty 15 the expansion of defibrillator placements. with an emphasi5 on converting existing indoor units into publidy accessible outdoor cabinets to ensure 2417 availability in criticèl situations. We also plan to open additional retail shops to diversify income streams and enhance our presence within local communities. Further development Df our Volunteer Team will enable us to provide essential support for events, faalitate defibrillator maintenance. and extend the delivery of educational initiatives. Enhancing our tralning and awareness programmes remains central to our efforts, particularly through targeted outreach in sd)ools and communrties. In addition. we are committed to strengthening sttegiC partnerships to extend our services better 5UPPQrt more wmrnunitie5. Collectively, these initiative5 will advance our life saving work and deepen our impart acr055 the communities we serve. structurei governance and management The Trustees who seryed during the year and up to the date of signature of the finanaal statements were.. Mr P Walker Miss l H Morris Miss L Lead Dr J Bingham Miss J Gallimore Mr D Whiteh¢>use Mr C Hurley (Appointed 23 November 2023) (Appointed 23 November 2023) Trustee selertion method Trustees are elected by the membership rbew trustee5 may be co-opted during the year but must be formally elected at the next AGM. Tnjstees are elerted to serve for a term of three years and retire by rotation. They may stand for re-election at the end of their term. Applications or nominations for tnJstees are invited before every AGM. In addition, and Interim vacanoes are advertised to the whole membership, and add¥tionalty In case of the lay Trustee vla varlous recruitment organisatiDns. The Trustees seek to identify and fill and skill gaps with appointments. Potentlal trustees speak informalty with the Chair, and in addition usually attend a meeting before a final decislon. Organisatlonal structure The Tnjstees oversee the CIO and meet approximately 6 tirnes per year. Cornmittees and sub-committees are responsible for the implementation of the organisation's strategy and are fully answerable to thè trustee. Each committee involves at least one trustee. to enable communication and oversight. The svb-committees are largely ¢om])osed of volunteer members and meet apprtsxlmately 6 tlmes per year. The trustees are accountable to the AED Donate rnembers at Annual General Meetings, and members are permitted at any time to ralse issues for consideration or question decisions.
AED Donate Trustees report (continued) For the year ended 31 July 2024 Statement of Trustees responsibilities The Trustees are responsible for preparing the Trustees Report and the financial staternents in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). The law applicable to charities In England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and & the incoming resources and application of resources of the charity for that year. In preparing these f1nanaal statements. the Trustees are required to.. select suitable accounting policies and then apply them consistently; observe the methods arhd principles in the Charittes SORP- make judgements and estimates that are reasonable and pnjdent: statÈ whether applicable accounting standards have been followed, subject to any material departures dlsclosed and explained in the financial sktements; and prepare the financial statements on the golng concem basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping sufficient accounting records that disdose with rÈasonable accuraty at any time the financial position of the charity and enable them to ensure that the finartcial statements comply with the Charltles Act 2011, the Charity (Accounts and Reports) Regulations 20Q8 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detertion of fraud and other irregularities. Closing Remarks Desplte the financial challenge5 of the past year. AED Donate has continued to make a meaningful and measurable difference. We are proud of the work achieved and excited for the opportunitie5 ahead. On behalf of the Trustees. we thank all staff. volunteers. funders, and supporters for your invalLJable contributions. TDgether, we are building stronger. safer, more heart safe communities. The Trustees report was approved by the Board of Tnjstees. Mr P Walker Chair Date..
AED Donate Independent auditor's report To the Trustees of AED Donate Opinion We hève audlted the financial statements of AED Donate {the 'charity'l for the year ended 31 luly 2024 which comprise the statement of financial act¢vities, the statement of financial position, the statefflent of cash flow5 and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, includsng Financial Reporting Standard 102 7he Financpal Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the state of the charity's affairs as at 31 July 2024 and of its incoming resources and applicatlon of resources. for the year then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Prartice- and have been prepared in accordance with the requirements of the Charities Art 2011. Basis for opinion We conducted our audit in accordance with Internatitnal Standards on Auditing (UK) (ISAS {UKII and applicable law. Our responsibilities under those standards are further described in the Auditor's résponsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that ère relevant to our audit of the financial statements in the UK, including the FRC'5 Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requiretnents. We believe that the aud5t evidence we have obtained is sufficient and appropriate to provFde a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Trustees use of the going concern basis of accountlng in the preparntlon of the financial ststements is approprratÈ. Based on the wtsrk we have performed, we have not identyfied any material uncertainties relating to events or conditions that, indivldually or collectively. may cast significant doubt on the charity s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for Issue. Our responsibilities and the sponSibl11tieS of the Trustee5 Wlth respert to going concèrn are descrlbed in the relevant settion5 of this report. Other lrtformation The other inforrnation comprises the infomiatfion included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the finanaal statements does not cover the other information and we do not express any forni of assurance conclusion thèreon. Our responsiblllty is to read the other information and, In dolng so. consider ivhether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the avdit, or otherwise appears to be materially misstated. If we identify suth Material inconsistencies or apparent material misstatements. we are required to determine whether this gives rise to a material misstatement In the financial statements themselves. If. based on the work we have performed, we conclude that there 15 a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard.
AED Donate Independent auditor's report (continued) To the Trustees of AED Donate Matters on which we are required to report by exceptton We have nothing to report In respect of the following matters in relation to which the Charities {Accounts and Reports) Regulations 2008 reouire us to report to you if, in our opinion= the information given in the financial statements is inconsistent in any material respect with the Trustees report. or sufficient accounting records have not been kept- or the financial statements are not in agreement with the accounting records,. or we have not received all the information and explanations we require for our audit. Responsibilities of Trustees As explained more fully in the statement of Trustees responsibilities. the Trustees are responsible for the preparntion of the finanoal statements and for being satisfied that they give a true and fair view, and for such intemal control as the Trustees deterniine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees a responsible for assessing the charitys ability to continue as a going concern, disclosing, as applicable, matters related to going concem and using the going tontern basis of accounting unles5 the Trustees either intend to cease operations, or have no realistic altemative but to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under seciion 144 of the Charities Act 2011 and report in accordance with the Act and relev3nt regulations made or having effert thereunder. Our objertives are to obtain reasonable assurance about whether the h'nanLial ststements a5 a whole are free from material misstaiement. whether due to fraud or error, and to issue an auditor's report that include5 our opinit>n. Reasonable assurance is a high level of assurdnce but is not a guararbtee that an audit conducted in accordance with ISA5 {UK) will always detect a materlal misstatement when it exists. Misstatements can arise from fraud or eOr and are considered Mateal If, individually or in the aggregate, they could reasonably be expected to influencÈ the economK declsions of users taken on the basis of these financial statements. Irregularities, tntluding fraud, are instances of non-compliance with laws and regulation5. We design procedures in line with otjr responsibilities. outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting Srregularities, including fraud Is detailed below. The extent to which the audit was considered capable of detecting irregularitie5 lrtcluding fraud Our approach to identifying and a55èssing the risks of material misstatement in respect of irregularities, induding fraud and non-compliance with laws and regulations. was as follows= th2 engagement pèrtner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulation5- we identified the laws and regulations applicable to the company through dlscussion5 Wlth dirertors and other management. and from our commercial knowledge and e%perOence of the company,. we assessed the extent of compliance wlth the laws and regulations identified above through making enquiries Df management and inspecting legal COrspondenCe- and identlfied laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-tornpliance throughout the audit.
AED Donate Independent auditor's report (continued) To the Trustees of AED Donate We assessed the sceptIbIlity of the company s financial statements to material misstatement, induding obtaining an understanding of how fraud might occur, by- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud,. and considering the internal controls in place to mitigate risks of fraud and non compliance with laws and regLJlations. To address the risk of fraud through management bias and overrrde of controls. we-. performed analytical procedures to identify any unusual or unexpetted relationships,. tested journal entries to identify unusual transactions: and assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias. In response to the risk of irregularities and non-compliance with laws and gUlatIOns, we deslgned procedures whlch included, but were not limited to.. agreeing financial statement disdosures to underlying supportlng documentation; enquiring of management a5 to actual and potential litigation and claims; and reviewing COespOndente with HMRC, relevant regulators Indudlng and the company's legal advisors. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non- ¢ompli8nce. Auditing standards also limit the audit procedures required to identify non-complian with laws and regulation5 to enquiry of the d1CtorS and other management and the Inspection of regulatory and legal cotTespondence, if any. Material misstatements that arise duè to fraud can be harder to detert rhan those that arise from error as they may Involve deliberate concealment or collusion. A further description of our responsibilities is available on the Financial Reporting Council s website at: https'.//www.frc.org.uklauditorsre5ponsibilities. This de5CriPtion forms part of our audltor's report. Use of our report This report is made solely to the charity's trustees, as a body, in accordance with part 4 of the Charitses {Accounts and Reports) Regulations 2008. Our audit worf< has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an audstor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body. for our audit work, for this report, or for the opinions we have formed.
AED Donate Independent auditor's report (continued) To the Trustees of AED Donate Gary Chadwiek FCCA Csenior Stattstory Auditor) for and on behalf of DJH Audit Limited gFlJ..{&L[ ststutory Auditor The Glades Festival Way Festival Park Stoke-on-Trent Staffordshire sri 5SQ DJH Audit Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under sertion 1212 of the Comparkies Act 2006.
AED Donate Statement of financial activities Including income and expenditure account For the year ended 31 July 2024 Unrestrirted Restricted funds fvnds 2024 2024 Total Unrestricted Restrirted funds fvnd$ 2023 2023 Total 2024 2023 Notes Income and endowments from: Donations and legacies Charitable activities other tradlng activities 16L.436 789.672 22.470 183,906 789.672 L94.765 748,44S 169.547 364,312 748,445 218.648 240 218.648 240 188.496 141 188,496 141 Investments Other income 3,507 3.507 10.192 10.392 Total income 1.173.503 22.470 1,195.973 1,142,239 169.547 1,311,786 Expenditure on: Raising funds Charitable activities 240,627 1.039.678 240.627 1.070.879 259.771 844,054 259.771 987.515 31.201 143,461 Total expenditure 1.280,305 31,201 1.311,506 1,103,825 143,461 1,247.286 Net ¥n¢ome/(expenditure) 1106.802) 18.7311 {115.5331 38.414 26,086 64.500 Transfers between funds 13,436 113,4361 Net movement In funds 1106.8021 {8.731) (l15.533) 51.850 12,650 64,500 Reconciliation of funds: Fund balances al l August 2023 116,906 12.650 129.556 65,056 65,056 Fund balances at 31 July 2024 10.104 3.919 14,023 116.906 12,650 129,556
AED Donate Statement of financlal position As at 31 July 2024 2024 2023 Notes Fixed assets Tanglble assets 14 79.268 59,735 Current assets stocks Debtors Cash at bank and in hand 15 44.496 129.052 55.302 Il9.138 115.665 40.180 16 228,850 274.983 Creditors: amounts falling due wlthin one year 18 (267.243) (172,755) Net current (liabilities)/assets 138.3931 102,228 Total assets less current liabilities 40,875 161.963 Creditors: amounts falling due after more than one year 19 {26.852) 132,407) Net assets 14,021 129,556 The funds of the charity Restricted income funds Unrestncted funds 21 3.919 10.104 12.650 116,906 22 14,023 129.556 The financial starements were approved by the TStee5 on . ..*1 J16JL.S... Mr P Walker Chair
AED Donate Statement of cash flows For the year ended 31 July 2024 2024 2023 Notes Cash flows from operating artivities Cash generated tsom operations 27 59,862 7,496 Investin9 activities Purchase of tangible fixed asset5 Proceed5 frorn disposal of tangible fixed assets Investrnent income received {52.884} 146.0751 13.459 240 20.OLY) 141 Net cash used in Investlng activities (39,1851 125,9341 Financing activities Repayment of bank loans (5,5551 15.555) Net cash useil in financing act•vities 15.5551 15,5551 Net increasel(decrease) in cash and cash equivalents 15,122 {23,9931 Cash and cash equivalents at be9inning of year 40,180 64,173 Cash and cash equivalents at end of year 55.302 40,180 io-
AED Donate Notes to the financlal statements For the year ended 31 July 2024 Accounting policies Charity (nfomlation AED Donate is a charitable incorporated organisation. In the event of the charity being wound up, the embers of the CIO have no liability to contribute to its assets and n¢ personal responsibility for settling its debts and liabilities. The nature of the charity's operations and principle activities are desuibèd in the Trustee's Report. 1.1 Accounting convention The financial statemèrbts have been prepared in accordance with the charity's CIO, the Charities Act 2QI I, FRS IQ2 -The Financial Reporting Standard applicable in the UK and Republic of freland" {°FRS lQ2-) and the Charities SORP 'Accountirbg and Reporting by Charities.. Statement of Recomrnended Practlce applicable to charities preparing their accounts in accordance with the Financial Reportin9 Standard applicable in the UK and Republic of Ireland (FRS 102)" {effective l January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling. which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. 1.2 Going concÈm These financial statements are prepared on the going concern basis. The charity's fund balances have depleted at the end of the year as a result of reduced donations and grant income. although they rernairh p(ltIVe, and strategies to increase fund5 have been implemented which include defibrillator sales and more retall units, such that the Trustees have a reasonable expettation that the charity will continue in operdtiortal existence for the foreseeable future. 1.3 Charitable funds Unrestricted funds are avallable for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purtxjses and uses of the restnrted funds are set out in the notes to the finanaal statements. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been mer. the amounts can be measured reliably. and it is probable that inctsme will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perfDmance conditions require deferral of the amount. Income tax recoverdble in relation to donations received under Gift Ald or deeds of covenant is re¢ognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charsty has been notified of an tmpending dlstribution, the amount is known, and receipt is experted. If the amount Is not known. the legacy treated as a contingent asset. li
AED Donate Notes to the flnanclal statements (contlnued) For the year ended 31 July 2024 Accounting policies (Continued) 1.5 Expenditure Expenditure is recogni5ed un there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economrc benefits will be Quid in settlemenL and the amount of the obligation can be measured reliably. Expenditure is dassified by activity. The costs of each activity are made up of the total of dIrt costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and sUPPQrt Costs which a not aitrtbutable to a single activity are apportioned between those activities on a basis COllSlStent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset s use. 1.6 Tanglble fixed assets Tangible fixed assets are inrtially measured at Cost and subsequently measured at cost or valuatlon, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual valLtes over their usefvl lives on the following bases.. Fleet Equipment Office fixtures and fittings Shop fixtures and fittings Motor vehicle5 Office Equipment 15% Reduang Balance 15Wo Reduong Balance 15% Redvong Balance 25% Reducing Balance 33% Straight Lrne The gain or loss arising on the disposal of an asset is deterniined as the difference between the gle proceeds and the carrwng value of the asset, and Is recognised In the statement of financial artivities. 1.7 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable afflount of the asset is estimated in order to determlne the extent of the impalrment loss (if any). 1.8 Stocks stocks are stated at the lower of c05t and estimated selling price less costs to complete and sell. Cost cOmpSe5 direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nomrnal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling price less all eskn"mated costs of completion and costs to be incurred in marketing, selling and distribution. 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less. 12
AED Donate Notes to the financial statements (continued) For the year ended 31 July 2024 Accountin9 policies (Continued) 1.10 Finartcial instruments The charity has elected to apply the provisions of Settion 11 '8asic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the tharity becomes party ro the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financlal statements, when there Is a leg311y enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the osset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initrally measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the tt7nsaction is meisLJred at rhe present value of the future receipts discounted at a market rate of Interest. Financial assets classified as receivable within one year are not amortised. Bask finandal liabilitles 8aslc flnanoal liabilities, including creditors and bank loans. are initially CogniSed at transaction prlce unless the arrangement constitute5 a financing trdn5attion, where the debt instrument is measured at the present value of the fvture payments discounte(J at a market rate of interest. Flnancial liabilities classified as payable within one year are not amortised. Debt Iiistrurnents are subsequendy carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or servi$ that have been acquired in the ordlnary course of operations from suppliers. Amounts payable are classified a5 current liabilities if payment is due within one year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised Initially at transaction price and subsequently measured at amortised cost using the effective interest method. 1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employees services are received. Termination benefits are recognised Immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide temiination benefits. 1.12 Retirement benefits Payments to defined contribution fetirnent benefit schemes are charged as an expense as they fall due. 13-
AED Donate Notes to the financial statements (continued) For the year ended 31 July 2024 Critical accounting estimates and judgements In the application of the charity's accountin9 policies. the Trustees are required to make judgements, estimates and asstrmptions about the cary¢ng amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other tsctors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estirnates are recognised in the period in which the estimate is revised where the revision affects only that period, or in thé period of the revision and futu periods where tPke vIsiON affects both current and future periods. Income from donat5ons and legacles Unrestricted Re5tr1rted funds funds 2024 2024 Totsl lJnre5tricted Restricted funds fund$ 2023 2023 Total 2024 2023 Donations and gifts Grants 161.436 161.436 22.470 176.226 18.539 176.226 188,OS6 22.470 169.547 161,436 22.470 183.906 194.765 L69,547 364,312 Income from charitsble activities Total funds Total f4rnd$ 2024 2023 Product sales Installation seNices 771.101 18,571 733.657 14,788 789.672 748,445 Analysis by fund Unrestricred funds 789.672 748,445 14-
AED Donate Notes to the financial statements (continued) For the year ended 31 July 2024 Income from other trading activities Unrestricted Unrestricted funds funds 2024 2023 Lottery income Charity event income Charity shop income 578 392 51.658 166,412 7.852 180.252 other trading activities 218,648 L88,496 Income from Investments Unrestricted Unr¢stricted funds funds 2024 2023 Interest receivable 240 141 Other income Unrestricted Unrestricted funds funds 2024 2023 Net gain on di5POsal of tangible fixed assets Other income 2.080 L,427 10,086 306 1,427 306 15-
AED Donate Notes to the flnanclal statements (continued) For the year ended 31 July 2024 Expenditure on raising fund5 Unrestricted Unre5trlrted funds funds 2024 2023 Fundralslng and publioty Fudraising costs Advertising Staff costs 13,337 28.160 49.991 9,234 21.194 64.736 91,488 95.164 Trading costs Chairty shop expenses staff costs 65,820 83.319 60,831 103.776 149.139 164,607 Total costs 240.627 259,771 16-
AED Donate Notes to the financlal statements (continued) For the year ended 31 July 2024 Expenditure on charitable artivities Charitable activities 2024 Charitsble •rtivitieA 2023 Direct costs Staff costs Defibillator and equipment purchases Defibillator instsllation costs Defibillator training Motor cost5 Travel ènd accomodation Bad debts 64.529 620,372 40,800 2,957 4,917 8,348 280 76,597 660.735 58,548 7,075 2,928 9.201 5.950 742,203 821.034 Share of support and g¢)vernance c<)sts (see note 10) Support Governance 290.917 37,759 147,386 19,095 1.070.879 987.515 Analysis by fund Unrestncted funds Restricted funds 1.039.678 31.201 844,054 143,461 1,070,879 987.SlS 17-
AED Donate Notes to the financial statements (continued) For the year ended 31 July 2024 10 Support costs allocated to activities Charitable actrvities Total 2024 2023 staff costs 189,555 21.976 12,179 73.414 L8,130 Depreciation Operating lease charges Specialist costs Bank charges Repairs and renewals Interest on loans Printing, postage and stationery Dues and 5ub5criptions Rent Computer costs Telephonè costs Travel and acommodation Governance 4.946 1.540 5,342 1,024 12,250 3,096 8.400 8,122 6.582 4.$40 19,095 1,195 8.415 1.039 l8,794 8.663 8.400 IL.347 6.480 2.874 37.759 328,676 166,481 2024 2023 Governance costs comprise: Legal and profesgonal Insurance costs 31.520 6,239 13,814 5,281 37.759 19,095 Audit fee5 for the year amounted to £17.500 (2023 - £15,000) Operating lease charged in the year amounted to £26.259 {2023 - Nil) 11 Trustees None of the TnJstees lor any persons connècted with them) reiVed any remuneration or benefits from the charity during the year. 18-
AED Donate Notes to the financial statements (continued) For the year ended 31 July 2024 12 Employees The average monthly number of employees during the year was- 2024 2023 Number Number Administrative Charity Shop io io Total 18 17 Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 361,342 19.812 6,240 306.386 6.406 5,731 387.394 318.523 There were no employees whose annual remuneration was more than £60,000. 13 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 19-
AED Donate Notes to the financial ststements (continued) For the year ended 31 July 2024 14 Tangible fixed assets Fleet (Vfi¢¢ fixtures Shop fixtures EquiprrtÈnt and fitttb¥s Motor vehlcles Totsl Equlprnenl Cost At l AugLtst 2023 Additions Disposals 17,196 2.3CK) 7.319 3.309 70.391 9.330 104,236 52,884 {20,2301 47.275 120,230) At 31 july 2024 47.275 19.496 10.628 50.161 9,330 136,890 Depreciation and impairment At l August 2023 Depreciation charged in the year Eliminated in respect of disposals 8.053 7,090 24.837 4.517 44,497 7.091 2.L73 1,317 9,740 1,655 21,976 {8,8511 18,851) At 31 July 2024 7.091 LO.226 8.407 25.726 6.172 57,622 Carrying arnount At 31 luly 2024 40,184 9.270 2,221 24,435 3,158 79,268 At 31 July 2023 9.142 228 45,554 4.811 Sg.735 15 Stocks 2024 2023 Raw materlals and consurnables 44.496 119,138 16 Debtor5 2024 2023 Amounts falling due with•n one year. Trade debrors Other debtors Prepayments and accrued income 97.520 14,218 17.314 58.645 54,301 2.719 129.052 115.S65 20-
AED Donate Notes to the financial statements (continued) For the year ended 31 July 2024 17 Loan5 and overdrafts 2024 2023 Bank loans 32,408 37,963 Payable within one year Payable after one year 5.556 26,852 5,556 32,4C17 Amounts included above which fall due after five years: Payable by instalments 4,630 18 Creditors: amounts falling due within one year 2024 2023 Notes Bank loans Other taxation and social security Trade tredÈtors Other creditors Accruals and deferred income 17 5.556 22.912 213,594 4.006 21.175 5,556 155,125 1,074 LL,000 267,243 172.755 19 Creditors: amounts falllng due after more than one vear 2024 2023 Notes Bank loans 17 26,852 32,407 20 Retirement beneflt schemes 2024 2023 Defined contribution schemes Charge to profit or loss In respect of defined contribution schemes 6.240 5.731 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the stheme are held separately from those of the charity in an inilependently administered fund. 21-
AED Donate Notes to the flnanclal statements (continued) For the year ended 31 July 2024 21 Restricted funds The restritted funds of the charity comprise the unexpended balance5 of donations and grant5 held on trust subject to specific conditions by donors as to how they may be used. At l August 2023 Incoming Resourres expended Transfers At 31 July 2024 Tesco Fund Councillor Community Funding Severn Trent Community Fund 20,750 {16,83LI 3.919 I,no {1,7201 12,650 (12,650} 12.6SO 22.470 131.2011 3.919 Previous year: At I Au9USt 2022 IrKomlr*g Resources rewr¢¢$ Èxpended Transfers At 31 July 2023 Tesco Fund The Community Foundation Severn Trent Community Fund Counsellor Community Fund 95.174 1.752 (95.9461 {1.7521 572 67.290 S.131 140.6321 {5.1311 114,0081 12.650 169.547 143.461 {13.4361 12,650 The restrirted fund5 represent amounts for the provision, installakn.on and training on defibrillators. 22 Unrestricted funds The Ltnrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to sperific conditions by donors and grantors as to how they may be used. These Include designated funds which have been set aside out of Un$trie0 funds by the trustees for specific purposes. At l August 2023 Incoming resources Transfers At 31 July 2024 expendqd General funds 116.906 1.173.503 11.280.305) 10,104 Previous ye#r: At l August 2022 Incomin9 resources Resources expended Transfers At 31 July 2023 General funds 65.056 1.142,239 {1.103,8251 13,436 116.906 22
AED Donate Notes to the financial statements (continued) For the year ended 31 July 2024 23 Analysis of net assets between fund5 Unrestricted fund$ 2024 RestrirtÈd Total funds 2024 2024 At 31 July 2024: Tangible assets Current assetsllliabilitiesl Long term Irabilities 79.268 142,3121 126.8521 79,268 138,3931 126,8521 3.919 10.E04 3,919 14,023 Unrestricted fund5 2023 Restricted funds 2023 Total 2023 At 31 July 2023: Tangible assets Current assetsllliabilities) Long term liabilities 59,735 89.578 132.407) 59,735 102,228 132,407) 12,650 116.906 L2,650 129,556 24 Oper#t(ng lease commitments Lessee At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases. which fall dlre as follows.. 2024 2023 Within one year Between two and five years 62.021 76,787 28,100 30,750 138,808 58,850 25 Subsequent events After the year end the charity secured an InteSE free loan for £98,000 to assist with working capltal and support chantable projects. 26 Related party transactlons There were no disdosable related party transactions during the year (2023 - none}. 23-
AED Donate Notes to the financial statements (continued) For the year ended 31 July 2024 27 Cash generated from operations 2024 2023 (Deficltllsurpus for the year 1115,5371 64.500 Adjustments for.. Investment income recognised in statement of financial attivities Gain on disposal of tangible fixed assets Depreciation and impalrnient of tangible fixed assets 12401 12.0801 21.976 {1411 110.0861 18,130 Movements in working capitsl: Decreasellincreasel in stocks Ilncrease) in dèbtors Increase in creditors 74,642 (13.3671 94.4S8 {100,7381 119,9511 55,782 Cash generated from operations 59.862 7.496 28 Analysis of changes in net funds t I AugUSt 2023 Cath flows At 31 Julv 2024 Cash ai bank and In hand 40.180 15.122 55,302 Loans falling due within one year Loans falling due after more than one year {5.5561 {32,4071 15,5561 126,8521 5,555 2,217 20.677 22,894 24-