2023-09-30-accounts

Beat SCAD Trustees' Annual Report and Account 2023

Contents

Contents
Trustees' annual report	2
Report of the Independent Examiner	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the accounts	7

1

Beat SCAD

Report of the Trustees for the year ended 30 September 2023

Reference and Administrative details

Registered Charity number: 1164066 Registered Office: 41 Ridd Way Wingerworth CHESTERFIELD S42 6UX

Trustees:

Rebecca Louise Breslin Sarah Coombes Debbie Oliver

Purpose of the charity

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.

Public benefit

The trustees have given due consideration to the Charity Commission's guidance on the public benefit requirement.

Acheivement and Performance

During this financial year, the charity 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.

We started the process of updating our website, which is an important part of our strategy to raise awareness of SCAD, support patients and fundraise for more research. During this financial year we engaged with a web consultant and began the design and build process, along with making other changes to our IT infrastructure to streamline operations.

The trustees are very grateful to all the volunteers and supporters who contributed time and money to support the charity.

Several events were held by the charity and supporters to raise £70,782 (2022: £91,642).

FINANCIAL REVIEW

Several events were held by the charity and supporters to raise £70,782 (2022: £91,642). The Charity did not donate any funds to the Leicester SCAD Research group in 2023 (2022: £19,000).

2

Beat SCAD is committed to supporting research into SCAD and in April 2022 awarded £106,000 (to be paid in instalments) to support the appointment of a Clinical Research Fellow at the Leicester SCAD Research Group for two years. However, various challenges, including the ongoing Covid impact, delayed the appointment of the Fellow. In June 2023, a new Fellow was appointed for three years (starting February 2024) and to support this Beat SCAD increased the original award by £98,624, totalling £204,624, to be paid in instalments.

To meet the financial needs of this appointment, the award required a re-allocation of earlier funds: in September 2020, Beat SCAD awarded £23,000 to fund imaging scans as part of Dr Alice Wood’s PhD research. Only half of this award was used during Dr Wood’s tenure. Therefore, the remaining £11,500 will now be used to help fund the new Clinical Research Fellow.

Our restricted funds were used during the year (2022 closing balance of: £3,290). We spent this on patient support and wellbeing material on our new website.

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.

Structure Governance and Management

Best SCAD is a Charitable Incorporated Organisation (Foundation type) governed by a constitution dated 22nd May 2015.

The original trustees are the founders of the charity. Future trustees will be chosen to contribute to skills required by the charity's work.

Signed on behalf of the trustees by

Name: Rebecca Breslin

Position: Trustee Chair

Date 09-Jun-2024

3

Three Mile Cross Church

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Set out on pages On accounts for the year ended Report to the trustees/directors/ members of	Charity no.: 1164066 Company no.: 10 - 18 I report to the charity trustees on my examination of the accounts of the charity for the year ended 30th September 2023 30/09/2023 08073659 Beat SCAD

Responsibilities and basis As the charity trustees of the Trust you are responsible for the preparation of the of report accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

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 Trust as required by section 130 of the

Relevant professional qualification(s) or body (if any): Address: Signed: Name:	Act; or 2. the accounts do not accord with those records. 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 accounts to be reached.	Act; or 2. the accounts do not accord with those records. 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 accounts to be reached.
	Date:	18th May 2024
	Tudor Road RG1 1NH ACMA (Chartered Institute of Management Accountants) Curious Lounge, Pinnacle Building Rachel Eden

4

Beat SCAD Annual accounts for the period 2023 Period end Period start date To 01/10/2022 date 30/09/2023

Section A Statement of financial activities

Recommended categories by activity Incoming resources (Note 3) Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Separate material item of income Other Resources expended (Note 4) Expenditure on: Raising funds Charitable activities Separate material item of expense Other Net gains/(losses) on investments Extraordinary items Other gains/(losses) Reconciliation of funds: 1 Total Net movement in funds Total funds brought forward Total funds carried forward Total Net income/(expenditure) before investment gains/(losses) Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05 61,058 - - 61,058 87,440 9,724 - - 9,724 1,137 - - - - 3,065 298 - 298 30 - - - - - - - -
	71,080 - - 71,080 91,672
	1,512 - 14 - 1,498 - 4,428 11,681 3,276 - 14,957 19,000 - - - - 5,288 - - - - -
	10,168 3,290 - 13,458 28,716
	60,912 3,290 - - 57,622 62,956
	- - - - -
	60,912 3,290 - - 57,622 62,956
	- - - - - - - - - - - - - - - - - - - -
	60,912 3,290 - - 57,622 62,956
	133,091 3,290 - 136,381 73,425
	194,002 0 - 194,002 136,381
	0 - -

Section B Balance sheet

Fixed assets Intangible assets (Note 15) Tangible assets (Note 14) Heritage assets (Note 16) Investments (Note 17) Total fixed assets Current assets Stocks (Note 18) Debtors (Note 19) Investments (Note 17.4) Cash at bank and in hand (Note 24) Total current assets Creditors: amounts falling due within one year (Note 20) Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year (Note 20) Provisions for liabilities Total net assets or liabilities Funds of the Charity Endowment funds (Note 27) Restricted income funds (Note 27) Unrestricted funds Revaluation reserve Total funds Signed by one trustee on behalf of all the trustees	Guidance Notes B01 B02 B03 B04 B05 B06 B07 B08 B09 B10 B11 B12 B13 B14 B15 B16 B17 B18 B19 B20 B21	Unrestricted funds £ F01 - - - -	Restricted income funds £ F02 - - - -	Endowment funds Total this year £ £ F03 F04 - - - - - - - -	Total last year £ F05
					- - - -
		-	-	- -	-
		8,611 - - 186,429	- - - -	- 8,611 - - - - - 186,429
					7,295 - - 131,778
		195,040	-	- 195,040	139,073
					984
		1,038	-	- 1,038
		194,002	-	- 194,002	138,089
		194,002	-	-194,002	138,089
					- -
		- -	- -	- - - -
		194,002	-	- 194,002	138,089
		- 194,002	-	- - - 194,002 -
					- 3,291 134,798 -
		194,002	-	- 194,002	138,089
		Signature		Print Name	Date of approval

CC17a (Excel)

28/05/2024

6

Section C Notes to the accounts

Note 1 Basis of preparation

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014

• and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

CC17a (Excel)

28/05/2024

7

Section C Notes to the accounts (cont)

Section C	Notes to the accounts (co
Note 2	Accounting policies
2.2 INCOME
Recognition of income	These are included in the Statement of Financial Activities (SoFA) when:
	 the charity becomes entitled to the resources;
	· it is more likely than not that the trustees will receive the resources; and
	 the monetary value can be measured with sufficient reliability.
	There has been no offsetting of assets and liabilities, or income and expenses, unless required or
Offsetting	permitted by the FRS 102 SORP or FRS 102.
	Grants and donations are only included in the SoFA when the general income recognition
Grants and donations	criteria are met (5.10 to 5.12 FRS102 SORP).
	In the case of performance related grants, income must only be recognised to the extent
	that the charity has provided the specified goods or services as entitlement to the grant
	only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
Legacies	Legacies are included in the SOFA when receipt is probable, that is, when there has been
	grant of probate, the executors have established that there are sufficient assets in the
	estate and any conditions attached to the legacy are either within the control of the charity
	or have been met.
Government grants	The charity has not received government grants in the reporting period
	Gift Aid receivable is included in income when there is a valid declaration from the donor.
Tax reclaims on	Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
donations and gifts	treated as an addition to the same fund as the initial donation unless the donor or the
	terms of the appeal have specified otherwise.
Contractual income and	This is only included in the SoFA once the charity has provided the related goods or
performance related	services or met the performance related conditions.
grants
Donated goods	Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.
	The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
	the fair value of those gifts at the time of their receipt and they are recognised on receipt.
	In the reporting period in which the stocks are distributed, they are recognised as an
	expense at the carrying amount of the stocks at distribution.
	Donated goods for resale are measured at fair value on initial recognition, which is the
	expected proceeds from sale less the expected costs of sale, and recognised in 'Income
	from other trading activities' with the corresponding stock recognised in the balance
	sheet. On its sale the value of stock is charged against 'Income from other trading
	activities' and the proceeds from sale are also recognised as 'Income from other trading
	activities'.
	Goods donated for on-going use by the charity are recognised as tangible fixed assets
	and included in the SoFA as incoming resources when receivable.
	Gifts in kind for use by the charity are included in the SoFA as income from donations
	when receivable.
Donated services and	Donated services and facilities are included in the SOFA when received at the value of
facilities	the gift to the charity provided the value of the gift can be measured reliably.
	Donated services and facilities that are consumed immediately are recognised as income
	with an equivalent amount recognised as an expense under the appropriate heading in
	the SOFA.
Support costs	The charity has incurred expenditure on support costs.
Volunteer help	The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
Income from interest,	This is included in the accounts when receipt is probable and the amount receivable can
royalties and dividends	be measured reliably.
Income from membership	Membership subscriptions received in the nature of a gift are recognised in Donations and
subscriptions	Legacies.
	Membership subscriptions which gives a member the right to buy services or other
	benefits are recognised as income earned from the provision of goods and services as
	income from charitable activities.
Settlement of insurance claims	Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA.
Investment gains and losses	This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the
	year.

2.3 EXPENDITURE AND LIABILITIES

Liability recognition	Liabilities are recognised where it is more likely than not that there is a legal or
	constructive obligation committing the charity to pay out resources and the amount of the
	obligation can be measured with reasonable certainty.
Governance and support costs	Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
	Support costs include central functions and have been allocated to activity cost
	categories on a basis consistent with the use of resources, eg allocating property costs
	by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Grants with performance conditions	Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output.
Grants payable without performance conditions	Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.
Redundancy cost	The charity made no redundancy payments during the reporting period.
Deferred income	No material item of deferred income has been included in the accounts.
Creditors	The charity has creditors which are measured at settlement amounts less any trade discounts
	A liability is measured on recognition at its historical cost and then subsequently
Provisions for liabilities	measured at the best estimate of the amount required to settle the obligation at the
	reporting date
Basic financial instruments	The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.
2.4 ASSETS
Tangible fixed assets for	These are capitalised if they can be used for more than one year, and cost at least
use by charity
	They are valued at cost.
	The depreciation rates and methods used are disclosed in note 9.2.
Intangible fixed assets	The charity has intangible fixed assets, that is, non-monetary assets that do not have
	physical substance but are identifiable and are controlled by the charity through custody
	or legal rights. The amortisation rates and methods used are disclosed in note 9.5
	They are valued at cost.
Heritage assets	The charity has heritage assets, that is, non-monetary assets with historic, artistic,
	scientific, technological, geophysical or environmental qualities that are held and
	maintained principally for their contribution to knowledge and culture. The depreciation
	rates and methods used as disclosed in note 9.6.1.4.
	They are valued at cost.
Investments	Fixed asset investments in quoted shares, traded bonds and similar investments are
	valued at initially at cost and subsequently at fair value (their market value) at the year
	end. The same treatment is applied to unlisted investments unless fair value cannot be
	measured reliably in which case it is measured at cost less impairment.
	Investments held for resale or pending their sale and cash and cash equivalents with a
	maturity date of less than 1 year are treated as current asset investments
Stocks and work in	Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable
progress	value.
	Goods or services provided as part of a charitable activity are measured at net realisable value based on
	the service potential provided by items of stock.
	Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
	Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement
Debtors	amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured
	at the cash or other consideration expected to be received.
	The charity has has investments which it holds for resale or pending their sale and cash and cash
Current asset	equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents
investments	with a maturity date of less than one year held for investment purposes rather than to meet short term
	cash commitments as they fall due.

Section C Notes to the accounts (cont)

Note 3 Analysis of income

----- Start of picture text -----
Restricted
Unrestricted income
funds funds Total funds Prior year
Analysis £ £
Donations Donations and gifts 57,409 - 57,409 85,801
and legacies: Gift Aid 3,649 - 3,649 1,336
Legacies - - - -
General grants provided by government/other
charities - - - 3,480
Membership subscriptions and sponsorships
which are in substance donations - - -
Donated goods, facilities and services - - - -
Other - - -
Total 61,058 - 61,058 90,617
Charitable Sales of Product Income
activities: 2,901 - 2,901 3,426
- - - -
- - - -
Other - - - -
Total 2,901 - 2,901 3,426
Other trading
activities: - - - -
- - - -
- - - -
Other - - - -
Total - - [ - ] -
Income from Interest income 298 - 298 -
investments: Dividend income - - - -
Rental and leasing income - - - -
Other - - - -
Total 298 - [ 298 ] -
TOTAL INCOME 64,257 - 64,257 94,043
Other information:
----- End of picture text -----

All income in the prior year was unrestricted except for the grants

CC17a (Excel)

28/05/2024

10

Section C Notes to the accounts (cont)

Note 4 Analysis of expenditure

----- Start of picture text -----
This year Last year
Restricted
Unrestricted Restricted Unrestricted income
Analysis funds income funds Total funds funds funds Total funds
Expenditure on raising funds: £ £
Shop - printed materials 305 - 305 - - -
Incurred seeking legacies - - - - -
Stock Shrinkage
- 3,024 - - 3,024 4,428 4,428
Purchases
1,207 14 1,221 -
Total expenditure on raising funds - 1,512 14 - 1,498 4,428 - 4,428
Expenditure on charitable activities:
Leaflets for a maternity event - - - 120 120
Operation of the charity 4,470 - 4,470 23,988 - 23,988
Photography and video 890 890
Website development 7,211 2,386 9,597 180 - 180
Wellbeing fund - - - - -
Total expenditure on charitable
activities 11,681 3,276 14,957 24,168 120 24,288
TOTAL EXPENDITURE 10,168 3,290 13,458 28,596 120 28,716
----- End of picture text -----

This figure includes a correction on previous year stock

CC17a (Excel)

28/05/2024

11

Section C Notes to the accounts

Note 5 Details of certain items of expenditure Fees for examination of the accounts Independent examiner’s fees Other fees paid to the independent examiner - accounts preparation

----- Start of picture text -----
This year Last year
£ £
315 300
547 520
----- End of picture text -----

CC17a (Excel)

28/05/2024

12

Section C Notes to the accounts (cont)

Note 6 Paid employees The charity had no employees

CC17a (Excel)

28/05/2024

13

CC17a IExc811 14 2810512024

CC17a IExc811 15 2810512024

Section C Notes to the accounts (cont)

Note 7 Stocks

Charitable activities: Opening Added in period Expensed in period Impaired Closing Total this year Total previous year	For distribution For resale £ £ 7,295 - 1,316 - - - - - 8,611 Stock	£ - - - - - Work in progress
	- 8,611	-
	7,295	-

The prior year figure is corrected from the previous year's accounts.

CC17a (Excel)

28/05/2024

16

Section C Notes to the accounts (cont)

Note 8 Creditors and accruals

20.1 Analysis of creditors

20.1 Analysis of creditors
		Amounts falling due				within
		one		year
		This year		Last year
		£			£
Accruals and deferred income		1,034				984
Other creditors		-				-
	Total	1,034				984

CC17a (Excel)

28/05/2024

17

Section C Notes to the accounts (cont)

Note 9 Cash at bank and in hand Other Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits	This year Last year £ £ - - - - 186,429 131,778 - -
	186,429 131,778

CC17a (Excel)

28/05/2024

18

Section C Notes to the accounts (cont)

Note 10 Charity funds

10.1 Details of material funds held and movements during the CURRENT reporting period

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

----- Start of picture text -----
Fund Fund
balances balances
Type PE, EE
Purpose and Restrictions brought Gains and carried
R or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
Nationwide Grant R 890 - - 890 - - 0
Wellbeing Project R Restricted fund for wellbeing project 2,400 - - 2,400 - - -
- - - - - -
Unrestricted funds U 133,091 71,080 - 10,168 - 106,000 - 88,003
A fund designated by the charity trustees
Designated Fund - Clinical to fund a clinical research post for 2024-
researcher U 2026. - - - 106,000 - 106,000
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds 136,381 71,080 - 13,458 - - 194,003
----- End of picture text -----*

0

CC17a (Excel)

28/05/2024

19

Section C Notes to the accounts (cont)

Note 10 Charity funds (cont)

10.2 Details of material funds held and movements during the PREVIOUS reporting period

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

----- Start of picture text -----
Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
Nationwide Grant R 1,010 - -119.98 - - 890
Wellbeing Project R 2,400 - - - - 2,400
- - - - - -
Unrestricted funds U 70,015 91,672 - 28,596 - - 133,091
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds 73,425 91,672 - 28,716 - - 136,381
----- End of picture text -----*

0 - 1,708

CC17a (Excel)

28/05/2024

20

Section C Notes to the accounts (co

Note 11 Transactions with trustees and related parties

11.1 Trustee remuneration and benefits

This year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity

No trustees claimed expenses during the year or the prior year.

11.3 Transaction(s) with related parties

There have been no related party transactions in the reporting period

CC17a (Excel)

28/05/2024

21