## **Beat Scad**
## **Charity No. 1164066**
## **Company No. CE005460**
**Trustees' Report and Unaudited Accounts**
**30 September 2022**
**Beat Scad Contents**
||Pages||
|---|---|---|
|Trustees' Annual Report|2 to 4||
|Independent Examiner's Report||5|
|Statement of Financial Activities||6|
|Summary Income and Expenditure Account||7|
|Balance Sheet||8|
|Notes to the Accounts|9 to|18|
Page 1
**Beat Scad Trustees Annual Report**
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 30 September 2022.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. CE005460**
## **Charity No. 1164066**
## **Principal Office**
41 Ridd Way Wingerworth Chesterfield S426UX
## **Registered Office**
41 Ridd Way Wingerworth Chesterfield S42 6UX
## **Directors and Trustees**
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
R.L. Breslin
S. Coombes
H. Mulvaney
D. Oliver
## **Directors of Corporate Trustees**
n/a
## **Trustees holding title to charity property**
n/a
## **Accountants**
Holy Brook Associates Ltd Curious Lounge 20 Tudor Road RG1 1NH
## **OBJECTIVES AND ACTIVITIES**
Page 2
**Beat Scad Trustees Annual Report**
BEAT SCAD ACTIVITIES FOCUS ON THREE MISSION AREAS: 1) RAISING AWARENESS OF THE UNCOMMON AND UNDER-DIAGNOSED HEART CONDITION SPONTANEOUS CORONARY ARTERY DISSECTION (SCAD) BY SHARING UP TO DATE INFORMATION; 2) SUPPORTING PEOPLE AFFECTED BY SCAD THROUGH CONFERENCES, ORGANISED WALKS & SOCIAL MEDIA GROUPS; 3) RAISING FUNDS FOR RESEARCH TO UNDERSTAND THE CAUSE AND TO OPTIMIZE TREATMENT AND PROGNOSIS.
The trustees have given due consideration to the Charity Commission's guidance on the public benefit requirement.
## **ACHIEVEMENTS AND PERFORMANCE**
During this financial year, the charity hosted a walk for SCAD patients and families/friends, the first face-to-face event since before the Covid pandemic. The UK research lead provided an update on research and answered questions from attendees.
The talk was recorded and video shared online after the walk event for people unable to attend in-person and for long term access to the information.
We continued to provide information and resources for those affected by SCAD, as well as healthcare professionals, via our website, leaflets, education events, videos and social media; and support those affected by SCAD via email, phone, social media and our Buddy Service. Following an award of £106,000 to the University of Leicester, to be paid in installments in 2022-2024, to support the funding of a new Clinical Research Fellow, we launched a new fundraising campaign to raise further funds to support the work of the Clinical Research Fellow.
The trustees are very grateful to all the volunteers and supporters who contributed time and money to support the charity.
## **FINANCIAL REVIEW**
Several events were held by the charity and supporters to raise £91,642 (2021: £39,448). The Charity has donated £19,000 (2021: £67,193) to the Leicester SCAD Research group. We also made a donation of £11,550 in August 2022 (declared in the 2021 accounts as a creditor). We attended a Maternity and Midwifery event in March 2022 to raise awareness of SCAD.
Our restricted funds were £3,290 (£2021: £3,410). We anticipate spending the majority of this during the next financial year.
It is the policy of the trustees to keep reserves sufficient to cover 6 months of general running costs. The trustees expect the charity to continue as a going concern.
## **PLANS FOR FUTURE PERIODS**
The Trustees intend to continue our current strategies of raising awareness and educating healthcare professionals about SCAD; supporting those affected by SCAD and championing the patient voice; and raising funds for research. We also plan to continue to develop policies and processes to support our objectives and comply with legal requirements.
We have designated funds of £77K to part-fund a clinical research fellow once appointed, funds to be paid in five quarterly instalments.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
Beat SCAD is a Charitable Incorporated Organisation (Foundation type) governed by a constitution dated 22nd May 2015.
Page 3
**Beat Scad Trustees Annual Report**
The original trustees are the founders of the charity. Future trustees will be chosen to contribute to skills required by the charity's work
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
R.L. Breslin
Trustee 03 April 2023
Page 4
**Beat Scad Independent Examiners Report**
## **Independent Examiner's Report to the trustees of Beat Scad**
I report to the charity trustees on my examination of the financial statements of Beat Scad for the year ended 30 September 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with 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 audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give 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 Charities SORP (FRS 102).
I have no concerns and have come across 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.
Rachel Eden CIMA (ACMA) Holy Brook Associates Ltd Curious Lounge 20 Tudor Road
RG1 1NH 03 April 2023
Page 5
**Beat Scad Statement of Financial Activities**
## **for the year ended 30 September 2022**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Other
7
**Total**
**Expenditure on:**
Raising funds
8
Charitable activities
9
Other
11
**Total**
Net gains on investments
**Net income/(expenditure)**
12
Transfers between funds
**Net income/(expenditure)**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2022**
**£**
87,440
1,137
3,065
30|**Restricted**
**funds**
**2022**
**£**
-
-
-
-|**Total funds**
**2022**
**£**
87,440
1,137
3,065
30|**Total funds**
**2021**
**£**
1,105
5,343
38,344
-|
|---|---|---|---|---|
||91,672
4,308
19,000
5,288|-
120
-
-|91,672
4,428
19,000
5,288|44,792
2,379
67,193
2,820|
||28,596
-|120
-|28,716
-|72,392
-|
||63,076
-|(120)
-|62,956
-|(27,600)
-|
||63,076|(120)|62,956|(27,600)|
||63,076
70,015|(120)
3,410|62,956
73,425|(27,600)
101,025|
||133,091|3,290|136,381|73,425|
Page 6
**Beat Scad Summary Income and Expenditure Account for the year ended 30 September 2022**
|Income
**Gross income for the year**
Expenditure
**Total expenditure for the year**
Net income/(expenditure) before tax
for the year
**Net income /(expenditure )for the year**|**2022**
**£**
91,672
91,672
28,716
28,716
62,956
62,956|**2021**
**£**
44,792|
|---|---|---|
|||44,792|
|||72,392|
|||72,392|
|||(27,600)|
|||(27,600)|
Page 7
**Beat Scad Balance Sheet**
## **at 30 September 2022**
|**Company No.**
**CE005460**
**Notes**
**2022**
**£**
**Current assets**
Stocks
15
5,587
Debtors
16
-
Cash at bank and in hand
131,778
137,365
**Creditors:**Amount falling due within one year
17
(984)
**Net current assets**
136,381
**Total assets less current liabilities**
136,381
**Creditors:**Amounts falling due after more than one year
18
-
**Net assets excluding pension asset or liability**
136,381
**Total net assets**
136,381
**The funds of the charity**
**Restricted funds**
19
Restricted income funds
3,290
3,290
**Unrestricted funds**
19
General funds
133,091
133,091
**Reserves**
19
**Total funds**
136,381|**2021**
**£**
2,545
1,253
83,144|
|---|---|
||86,942
-|
||86,942
86,942
(13,517)|
||73,425|
||73,425|
||3,410|
||3,410
70,015|
||70,015|
||73,425|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 30 September 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 03 April 2023
And signed on its behalf by:
R.L. Breslin Trustee 03 April 2023
Page 8
**Beat Scad Notes to the Accounts**
## **for the year ended 30 September 2022**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 9
**Beat Scad Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Freehold investment property**
The charity does not hold any freehold investment property
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 10
**Beat Scad Notes to the Accounts**
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **Pension costs**
The charity does not operate a pension scheme.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
## 2 **Charity status**
The charity is a CIO.
Page 11
**Beat Scad**
**Notes to the Accounts**
- 3 **Statement of Financial Activities - prior year**
|3
**Statement of Financial Activities - prior year**||||
|---|---|---|---|
|**Income and endowments from:**
Donations and legacies
Charitable activities
Other trading activities
**Total**
**Expenditure on:**
Charitable activities
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
4
**Income from donations and legacies**
5
**Income from charitable activities**
6
**Income from other trading activities**|**Unrestricted**
**funds**
**2021**
**£**
1,105
5,343
38,344
44,792
72,392
72,392
(27,600)
(27,600)
(27,600)
97,615
70,015
**Unrestricted**
**£**
87,440
87,440
**Unrestricted**
**£**
1,137
1,137
**Unrestricted**
**£**
3,065
3,065|**Restricted**
**funds**
**2021**
**£**
-
-
-
-
-
-
-
-
-
3,410
3,410
**Total**
**2022**
**£**
87,440
87,440
**Total**
**2022**
**£**
1,137
1,137
**Total**
**2022**
**£**
3,065
3,065|**Total funds**
**2021**
**£**
1,105
5,343
38,344|
||||44,792
72,392|
||||72,392|
||||(27,600)|
||||(27,600)|
||||(27,600)
101,025|
||||73,425|
||||**Total**
**2021**
**£**
1,105|
||||1,105|
||||**Total**
**2021**
**£**
5,343|
||||5,343|
||||**Total**
**2021**
**£**
38,344|
||||38,344|
Page 12
**Beat Scad Notes to the Accounts**
## 7 **Other income**
|8
**Expenditure on raising funds**
_Fundraising trading costs_
9
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Grants made
_Governance costs_
10 **Analysis of grants**
**Activity or programme**
University of Leicester -
research
**Activity or programme**
University of Leicester -
research|**Unrestricted**
**£**
4,308
4,308|**Unrestricted**
**£**
30
30|**Total**
**2022**
**£**
30
30|**Total**
**2021**
**£**
-|
|---|---|---|---|---|
|||||-|
||||||
|||**Restricted**
**£**
120
120
**Unrestricted**
**£**
19,000
19,000
**Grants to**
**Institutions**
**£**
19,000
19,000
**Grant**
**funding of**
**activities**
**£**
19,000
19,000|**Total**
**2022**
**£**
4,428
4,428
**Total**
**2022**
**£**
19,000
19,000
**Total**
**2022**
**£**
19,000
19,000
**Total**
**2022**
**£**
19,000
19,000|**Total**
**2021**
**£**
2,379|
|||||2,379|
|||||**Total**
**2021**
**£**
67,193|
|||||67,193|
|||||**Total**
**2021**
**£**
67,193|
|||||67,193|
|||||**Total**
**2021**
**£**|
|||||67,193|
|||||67,193|
Page 13
**Beat Scad Notes to the Accounts**
## 11 **Other expenditure**
|11|**Other expenditure**||||
|---|---|---|---|---|
|||**Unrestricted**|**Total**|**Total**|
||||**2022**|**2021**|
|||**£**|**£**|**£**|
||General administrative costs|4,254|4,254|2,545|
||Legal and professional costs|1,034|1,034|275|
|||5,288|5,288|2,820|
|12|**Net income/(expenditure) before transfers**||||
|||**2022**||**2021**|
||This is stated after charging:|**£**||**£**|
||Independent Examiner's fee|300||-|
||Other fees paid to the auditor or
independent examiner|520||-|
|13|**Trustee remuneration and expenses**||||
|||**2022**||**2021**|
|||**Number**||**Number**|
||Number of trustees paid expenses|1||-|
||The nature of the reimbursed expenses|One trustee claimed travel expenses totaling £97.20. All|||
|||other payments to trustees were|reimbursements of||
|||purchases made on behalf of the|charity.||
## 14 **Staff costs**
The charity did not employ staff during the year.
15 **Stocks**
|Finished goods
**Carrying value analysed by activities**
0
16 **Debtors**
Other debtors|**2022**
**£**
5,587
5,587
**2022**
**£**
5,587
5,587
**2022**
**£**
-
-|**2021**
**£**
2,545|
|---|---|---|
|||2,545|
|||**2021**
**£**
2,545|
|||2,545|
|||**2021**
**£**
1,253|
|||1,253|
Page 14
**Beat Scad Notes to the Accounts**
## 17 **Creditors:**
amounts falling due within one year
|Accruals
18 **Creditors:**
amounts falling due after more than one year
Trade creditors
Other creditors
Deferred income
19 **Movement in funds**
**At 1 October**
**2021**
**Restricted funds:**
**Restricted income funds:**
Restricted Funds
3,410
_Total_
3,410
**Unrestricted funds:**
**General funds**
70,015
**Total funds**
73,425
Purposes and restrictions in relation to the funds:
Restricted funds:
Restricted Funds
20 **Analysis of net assets between funds**
Net current assets|**2022**
**£**
984
984
**2022**
**£**
-
-
-
-
**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
-
-
91,672
91,672|**Resources**
**expended**
**£**
(120)
(120)
(28,596)
(28,716)|**2021**
**£**
-|
|---|---|---|---|
||||-|
||||**2021**
**£**
12,436
1
1,080|
||||13,517|
||||**At 30**
**September**
**2022**
**£**
3,290|
||||3,290|
||||133,091|
||||136,381|
|||||
|||||
|||||
|||**Unrestricted**
**funds**
**£**
136,381
136,381|**Total**
**£**
136,381|
||||136,381|
Page 15
**Beat Scad Notes to the Accounts**
## 21 **Reconciliation of net debt**
|**Reconciliation of net debt**||||
|---|---|---|---|
|Cash and cash equivalents
Net debt|**At 1 October**
**2021**
**£**|**Cash flows**
**£**|**At 30**
**September**
**2022**
**£**|
||83,144|48,634|131,778|
||83,144
83,144|48,634
48,634|131,778|
||||131,778|
## 22 **Related party disclosures**
## _**Controlling party**_
The board of trustees are the controlling party.
Page 16
**Beat Scad Detailed Statement of Financial Activities**
## **for the year ended 30 September 2022**
|**Income and endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Other
**Total income and endowments**
**Expenditure on:**
Costs of other trading activities
**Total of expenditure on raising**
**funds**
Charitable activities
Grants made
**Total of expenditure on charitable**
**activities**
General administrative costs,
including depreciation and
amortisation
Bank charges
General insurances
Postage and couriers
Stationery and printing
Sundry expenses
Legal and professional costs
Other legal and professional
costs|**Unrestricte**
**d funds**
**2022**
**£**
87,440
87,440
1,137
1,137
3,065
3,065
30
30
91,672
4,308
4,308
4,308
19,000
19,000
19,000
268
224
158
-
3,604
4,254
1,034
1,034|**Restricted**
**funds**
**2022**
**£**
-
-
-
-
-
-
-
-
-
120
120
120
-
-
-
-
-
-
-
-
-
-
-|**Total funds**
**2022**
**£**
87,440
87,440
1,137
1,137
3,065
3,065
30
30
91,672
4,428
4,428
4,428
19,000
19,000
19,000
268
224
158
-
3,604
4,254
1,034
1,034|**Total funds**
**2021**
**£**
1,105|
|---|---|---|---|---|
|||||1,105|
|||||5,343|
|||||5,343|
|||||38,344|
|||||38,344|
|||||-|
|||||-|
|||||44,792
2,379|
|||||2,379|
|||||2,379
67,193|
|||||67,193|
|||||67,193
165
35
704
575
1,066|
|||||2,545|
|||||275|
|||||275|
Page 17
## **Beat Scad Detailed Statement of Financial Activities**
|**Beat Scad**
**Detailed Statement of Financial Activities**|||||
|---|---|---|---|---|
|**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income/(expenditure)**
**Net income/(expenditure) before**
**other gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|5,288
28,596
-
63,076
63,076
-
63,076
70,015
133,091|-
120
-
(120)
(120)
-
(120)
3,410
3,290|5,288
28,716
-
62,956
62,956
-
62,956
73,425
136,381|2,820|
|||||72,392
-|
|||||(27,600)|
|||||(27,600)
-|
|||||(27,600)|
|||||101,025|
|||||73,425|
Page 18