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2024-12-31-accounts

HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES – LEGAL AND ADMINSTRATIVE INFORMATION FOR THE YEAR ENDED 31st DECEMBER 2024

HEARTBEAT NORTHWEST CARDIAC CARE

(A COMPANY LIMITED BY GUARANTEE) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] DECEMBER 2024

Registered Charity No: 1168850 Company No: 10195311

Azets Chartered Accountants Floor 1 Capital House

8 Pittman Court Pittman Way Fulwood Preston PR2 9ZG

HEARTBEAT NORTHWEST CARDIAC CARE CONTENTS

Pages
Legal and Administrative Information 2 - 3
Annual Report of Trustees 4 - 22
Chief Executive’s Summary 23
Statement of Trustees’ responsibilities 24
Independent Auditor’s Report 25 - 28
Statement of Financial Activities 29
Balance Sheet 30
Statement of Cash Flows 31
Notes to the Financial Statements 32 - 47

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES – LEGAL AND ADMINSTRATIVE INFORMATION FOR THE YEAR ENDED 31st DECEMBER 2024

Charity Number 1168850
Company Number 10195311
Patrons: Somnath Kumar
Allan Kelly
Directors and trustees: Jacqueline Marie Chohan (Chair)
George Phillip Goodier (Treasurer)
John Dent (Vice Chair)
Jeannie Hayhurst
Jackie Wilding
Neil David Maver
Steve Millward
Richard Schofield
Peter Toner
Chief Executive: Louise Bache
Secretary: Caroline Dransfield
Clinical Director: Dr Stewart Jones

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES – LEGAL AND ADMINSTRATIVE INFORMATION FOR THE YEAR ENDED 31st DECEMBER 2024

Registered Office: Heartbeat Northwest Cardiac Care
Preston North End Stadium
Sir Tom Finney Way
Preston
Lancashire
PR1 6PA
Bankers: Royal Bank of Scotland
Preston Fishergate Branch
1 Hardman Boulevard
Manchester
M3 3AQ
Shawbrook Bank Limited
Lutea House
Warley Hill Business Park
Brentwood
Essex
CM13 3BE
Scottish Widows Bank
PO Box 883
Leeds
LS1 9TY
Legal Advisors: Vincents Solicitors
72 Liverpool Road
Penwortham
Preston
PR1 0DQ
Financial Advisors: Mattioli Woods Plc
Lanson House
Winckley Gardens
Mount Street
Preston
PR1 8RY
Auditor: Azets Audit Services
Statutory Auditor
Floor 1 Capital House
8 Pittman Court
Pittman Way
Fulwood
Preston
PR2 9ZG

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024

The trustees are pleased to present their annual directors’ report and the financial statements of the charity for the year ended 31st December 2024 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

Legal and administrative information set out on pages 2 and 3 form part of this report. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January 2019).

Structure, Governance and Management

Heartbeat Northwest Cardiac Care is a company limited by guarantee governed by its Memorandum and Articles of Association dated 11th May 2016. It is registered as a charity with the Charity Commission. Trustees are elected from the membership at each Annual General Meeting. The trustees meet regularly at the charity’s administrative offices at Sir Tom Finney Way and carry out the governance of the affairs of the charity. The trustees are permitted to appoint officers to act in the day to day management of the charity.

Anyone over the age of 18 who has signed a written declaration confirming support of the objectives and willingness to become a charity trustee of the charity can become a member of the company and there are currently 9 members (7 in 2023), each of whom agrees to contribute £1 in the event of the charity winding up.

The trustees must hold at least two meetings each year. A quorum at a meeting of the trustees is at least two or one third of the trustees in office, whichever is the greater. A meeting of the trustees may be held either in person or by suitable electronic means agreed by the trustees in which all participants may communicate with all the other participants, but at least one meeting in each year must be held in person.

Any issue may be determined by a simple majority of the votes cast at a meeting, but a resolution in writing agreed by all the trustees entitled to receive notice of a meeting is as valid as a resolution passed at a meeting. Every trustee has one vote on each issue but, in the case of equality of votes, the chair of the meeting has the casting vote.

Appointment of Trustees

As set out in the Articles of Association the chair of the trustees is nominated by the trustees. There must be a minimum of three trustees. One third (or the number nearest one third) of the trustees must retire in each year at an Annual General Meeting (AGM), those longest in office retiring first and the choice between any equal service being made by drawing lots. A retiring trustee who is eligible may be reappointed. No trustee may serve more than two three-year terms of elected office, unless by exception the trustees permit an additional term of office for such period as they shall determine but not exceeding three years. Any time served as a co-opted trustee shall not count when calculating periods of office as a trustee.

The trustees may at any time co-opt any individual who is eligible as an additional trustee, but a co-opted trustee holds office until the end of the AGM held after their appointment.

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024

Directors and Trustees

The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows:

Jacqueline Marie Chohan (Chair) George Phillip Goodier (Treasurer) John Dent (Vice Chair) Jeannie Hayhurst Beryl (Bunty) Knowles (Resigned 07/06/2024) Jackie Wilding Phillip Reece (Resigned 14/10/2024) Neil David Maver (Appointed 07/06/2024) Steve Millward (Appointed 31/01/2025) Richard Schofield (Appointed 28/03/2025) Peter Toner (Appointed 28/03/2025

Organisation

The trustees are responsible for the governance and strategic leadership of the charity, ensuring Heartbeat Northwest Cardiac Care devotes maximum resources and assets towards meeting its objectives. None of the trustees have any beneficial interest in the charity other than using its services.

The operational management of the charity is delegated to the Chief Executive Officer and the trustees ensure that the delivery is in accordance with the charity’s aims and objectives by a number of internal controls which also provide appropriate reassurance against material misstatement or loss. The procedures include:

Induction and Training of Trustees

Trustees are recruited via several methods including internal / external adverts, press and recommendation. New trustees are welcomed to Heartbeat Northwest Cardiac Care by the Chief Executive Officer who commits significant time to provide the trustee with a comprehensive induction to the charity. New trustees are introduced to the management team and then introduced to all available colleagues. The Chief Executive Officer spends time introducing all aspects of governance and the role and responsibilities of trustees. As part of the induction, the Chief Executive Officer provides an overview of the operational aspects of the charity, organisational structure, format of trustee meetings, ensures he/she is accessible to trustees for enquiries, feedback or concerns throughout the year and ensures that each new trustee has a copy of the Heartbeat Northwest Cardiac Care Trustee guidance.

This contains information relating to the governance, structure and legal requirements of the charity, background information and an overview of the role of a trustee and board. This information is monitored and continually reviewed in accordance with the charity commission’s recommendations.

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024

Budget and Remuneration Committee

A budget and remuneration committee was established at the behest of the trustees and is chaired by the Treasurer. The Committee advises on Heartbeat Northwest Cardiac Care financial affairs and reports directly to the trustees. This remuneration committee reviews and determines the salary of the Chief Executive Officer. All other salaries are reviewed annually by the Chief Executive Officer and normally increased in accordance with average earnings.

Key Management Personnel

The trustees consider the trustees, Chief Executive Officer and the Head of Finance as comprising the key management personnel of the charity.

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024

----- Start of picture text -----
Board of Trustees and Clinical Director
Budget and Remuneration Committee
Head of Finance Officer Head of Fundraising
Caroline Dransfield Louise Bache Michelle Hunt
Pa Po
SERVICES
FUNDRAISING AND
LOTTERY
Cardiac Physiologists Operations Manager
Debbie Crossley Carl Martine :
Jo Duff
Fundraising Officers
Lisa Riding
Heartbeat Fitness Sally Seed
Instructors
Dr Stewart Jones Jackie Lowry
Julia Gardham
Charlotte Flyn | Lottery Officer
Karen Gildert
Nurse ; Steve Jenkinson
Lorraine Hope
Sally Seed |
Marcus Godfrey
Ellis Jones
Wellbeing Support
Madison Heaton
Sessional Fitness Instructors
6 instructors
Jo Widdows
Samim Patel
(S)
Somayya Malek
7
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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024

Objectives and Activities for the Public Benefit

Aims and Purposes

The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit, including the guidance ‘Public benefit: running a charity (PB2)’ when reviewing the charity’s aims and objectives and in planning future activities .

The main aim and purpose of Heartbeat Northwest Cardiac Care is to apply the money as it accumulates (through various forms of fundraising) in furtherance of improving the health of the population of the North West of England with particular regard to coronary heart disease (CHD), stroke, cardiovascular and pulmonary conditions.

In particular as stated in the Memorandum and Articles of Association:

Objectives

The “area of benefit” as referred to above collectively as the North West of England, includes the geographical counties of Lancashire, Cumbria, Cheshire, Greater Manchester and Merseyside.

Vision

People affected by, or at high risk of cardiovascular disease have access to support and services which enable them to rebuild their lives.

Mission

Heartbeat is committed to the fight to reduce the impact of coronary heart disease in all our communities within the North West of England through rehabilitation, information and advice, education, and lifestyle support.

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024

Overview of Activities of the Charity

Heartbeat Northwest Cardiac Care is a well-established local heart charity that has been providing heart rehabilitation, clinical testing, holistic support, education, and heart disease prevention work to Lancashire residents since 1978. Based in Preston, Heartbeat operates a central bespoke heart centre located on-site at Preston North End (PNE) football club as well as a number of community-based outreach classes.

The Team consists of 21 employed staff, 1 General Practitioner (GP), 1 National Health Service (NHS) Nurse, a Clinical Director and a range of volunteers who support the charity. The charity has been self-funding since 1978 supporting thousands of local residents.

Cardiovascular disease (CVD), also known as circulatory disease, refers to diseases of the heart and blood vessels, including angina, coronary heart disease (CHD), heart attack, high blood pressure (Hypertension), peripheral arterial disease (PAD) and stroke. Such diseases are caused by reduced blood flow to the heart, brain or body caused by atheroma or thrombosis and is common in people aged over 60. CVD is one of the biggest causes of death and disability in the UK and is largely preventable with a healthy lifestyle.

Heartbeat Northwest Cardiac Care services are available to heart patients at any stage, in addition to those identified as at high risk of developing cardiovascular disease, for example, obese or overweight patients, those with high blood pressure, stroke survivors, diabetics, Peripheral Arterial Disease (PAD), Chronic Obstructive Pulmonary Disease (COPD) patients, smokers, alcohol misusers and those living an unhealthy or sedentary lifestyle.

The charity provides:

Testing Exercise tolerance/treadmill tests 24 hour blood pressure monitors 24 hour electrocardiogram (ECG) Private health testing

Training/Education

Defibrillator training Student placements Community awareness programme

Rehabilitation and Prevention Fundraising and Community Events Cardiovascular and pulmonary patient Sponsored events assessment post NHS pathway Fundraising events Cardiovascular and pulmonary prevention Heartbeat Lottery and rehabilitation exercise programme Social events for heart patients and families Mental and social wellbeing support Walks, runs and cycle-rides held annually Peer support Peripheral Arterial disease support and exercise programme

The charity currently operates 07:00 to 19:00 Monday to Thursday and 07:00 to 15:00 Friday with some weekend events.

The charity has established relationships with NHS cardiac nurses in Preston and Chorley. Heartbeat also has close links with local cardiac, stroke, pulmonary and vascular teams. Over the years partnerships have been developed with a number of leisure centres who provide facilities for classes as well as local charities, GP surgeries and health improvement providers.

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024

Our Heartbeat Stories

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024

Some of Heartbeat’s corporate partners in 2024

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024

Our Services

Cardiac rehabilitation and prevention programmes have two main aims:

  1. To help people to recover from or prevent the physical and psychological effects of heart conditions.

  2. To try to increase the length and quality of life by:

  3. recovering from surgery, a procedure or�heart attack

  4. reducing the risk of further heart problems

  5. understanding heart conditions and getting back to as full a life as possible

  6. making changes to lifestyle that will help improve heart health such as eating healthily, stopping smoking and being more active

  7. building confidence

  8. improving mental health and wellbeing

  9. meeting other people who are in a similar situation

  10. returning to work.

Initial Assessment

People are often nervous about starting exercise as they worry about not being able to do as much as they would like but Heartbeat Northwest Cardiac Care provides a unique testing service for anyone wishing to join one of the cardiac rehabilitation and prevention exercise sessions. Prior to joining a class people undergo a thorough medical assessment in a friendly and comfortable environment to assess their exercise capacity and suitability for the exercise programme, to exclude any underlying cardiovascular problems and to set a suitable individual target heart rate for them to work to. This is carried out by the charity’s team of healthcare professionals who can provide advice and support. Heartbeat Northwest Cardiac Care has invested in highly specialised medical equipment which provides a selection of specialised investigatory tests.

The initial assessment typically includes a physical examination, a resting ECG, an Exercise Treadmill Test (ETT) which provides essential information regarding the level of exercise recommended as part of the individual exercise programme.

Other tests carried out at Heartbeat Northwest Cardiac Care are Pre-Operative Cardiopulmonary Exercise Testing (CPEX), 24 hour ECG monitoring, 24 hour blood pressure monitoring and cardiac event monitoring.

Heartbeat Northwest Cardiac Care offers exercise sessions to people who are considered by their Physician to be at high risk of developing vascular disease. This group of people also attend for an initial Exercise Treadmill Test prior to identifying a suitable Heartbeat Northwest Cardiac Care exercise session and have now been included in the ‘initial Exercise Treadmill Test’ figures.

Interim Testing

Heartbeat Northwest Cardiac Care class members have their progress monitored, after the initial treadmill test a repeat treadmill is carried out 9 months later to measure progress.

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024

Private Testing

People are sometimes referred to Heartbeat Northwest Cardiac Care who have not had a heart problem, for example for insurance purposes, or as part of their terms and conditions of employment. In these circumstances Heartbeat requests the individual to pay a financial contribution.

People attending rehabilitation and prevention programmes

Monitoring Heartbeat Northwest Cardiac Care rehabilitation and prevention classes has proven that many people can achieve a greater level of general fitness after a cardiac event than they had before the event. Other people who suffered a more severe cardiac event can be helped to achieve their optimum, if limited, fitness level. This gives them the greatest chance of returning or maintaining an active and enjoyable life.

A supervised and controlled exercise class provides a safe and reassuring environment. The psychological effects of a cardiac event can equally be as great a problem as the physical disability. People often need support with both aspects of their illness.

All people attending the charity’s cardiac rehabilitation and prevention exercise sessions are supervised by British Association for Cardiovascular Prevention and Rehabilitation (BACPR) accredited Fitness Instructors.

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024

Achievements and Performance

We are very happy to announce that this year we have seen the class member numbers continue to increase, this has been gradual throughout the year but we finally have over 1000 class members.

Summary of Performance

Referrals

In 2024 our referrals came from a variety of sources as listed in the table below: As you can see the number of Phase 3, GP and Stroke referrals have all increased, although others have dropped this is more a case of them settling after an initial influx.

----- Start of picture text -----
2024 2023 2022
Phase 3 31% 27% 33%
Self Referrals 21% 23% 26%
G.P. Referrals 12% 8% 10%
Heart Failure 6% 11% 7%
PAD/Vascular 9% 12% 11%
Stroke 10% 7% 2%
Pulmonary 11% 12% 9%
Other 0% 0% 2%
----- End of picture text -----

Volunteers

In 2024 our volunteers supported us by taking part in the choir, store collections and attending events. They have been an amazing support for us this year, whether this has been making tea and coffee at events or walking distances with us on sponsored events. We are so grateful for everything they do.

Lottery income

The ‘Heartbeat Lottery’ consists of both Heartbeat and beneficiary playing members. Beneficiary players are from other charities and fundraising groups. All playing members are part of the same prize pool. A fixed management fee is agreed with beneficiaries. The ‘Heartbeat Lottery’ currently includes the following beneficiaries:

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024

Lottery income from Heartbeat playing members fell by £10,895 (4.4%) compared to £13,601 (5.2%) in the previous year.

Lottery income from beneficiary playing members fell by £4,236 (3.78%) compared to £6,505 (5.3%) in the previous year.

Donations and Legacies

Income from donations and legacies has had a huge increase from £159,598 to £331,723. This could not have been achieved without the hard work and dedication of the wonderful fundraising team.

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024

Thank you to everyone who has fundraised or donated to Heartbeat. Whether the donation is large or small they all help people to live longer, healthier lives with the ones they love.

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024

Attendance at Heartbeat Cardiac Rehabilitation Classes

----- Start of picture text -----
2024 2023 2022
Preston Central UClan 0 12 12
Preston North End 631 611 552
Blackpool 10 15 17
Burscough 18 18 16
Ribby Hall 38 34 27
Chorley 202 162 154
Leyland 33 32 32
Penwortham 21 18 16
Garstang 32 38 44
St Annes 32 23 17
Thornton 0 0 6
Total attendance year 1017 963 893
----- End of picture text -----

This represents the total number of people accessing Heartbeat Northwest Cardiac Care rehabilitation and prevention programme. The figure attending has gradually increased over the year which is a fantastic result. UCLan class members have now moved back to our head office site which has allowed them to use the vast array of equipment we have on offer. St Annes class numbers are continuing to increase which has allowed us to add another class in that area.

Number Referred to Heartbeat Services

2024 2023 2022
Total number of new referrals
to 9 month programme		 415 555 522
Total number referred for
medical testing		 15 104 80
Total number referred to all
services		 430 659 602

Our referral numbers have dropped this year, some of our health specific programmes for PAD, pulmonary and stroke are now settled and we receive regular referrals but the not the large influx we have had in previous years.

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024

High risk patients

GPs assess patients for their risk of developing coronary heart disease during the next ten years. Patients assessed include those with high blood pressure, those with diabetes and those with other risk factors such as high cholesterol, obesity or history of smoking. The charity is continuing to offer these groups of patients an exercise test and programme where they can be referred by their GP or self refer.

The following tests were carried out in 2024:

----- Start of picture text -----
2024 2023 2022
Initial exercise treadmill tests 292 281 346
9 month retests 128 159 196
Post 9 month restarts 16 11 0
3 year retests 0 12 0
High risk testing 13 2 0
Total for the year 449 465 542
----- End of picture text -----

Heartbeat Northwest Cardiac Care offers private testing for those who, as a term or condition of employment, may have to have an annual health check. In addition, we offer health screening and testing for those who self-monitor their own health. The following private tests were carried out in 2024:

2024 2023 2022
Total Private ECG stress test 20 7 6

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024

24 Hour ECG and Blood Pressure Testing

Over the many years Heartbeat have operated we have continued to provide 24 hour ECG monitoring and 24 hour blood pressure monitoring for General Practitioners in the Preston area. These tests require a Cardiac Physiologist to perform the investigations and interpret the results. This service is currently provided free of charge to GPs. This year we needed to focus more on the people attending our services and have drastically reduced the amount of these tests provided.

----- Start of picture text -----
2024 2023 2022
24 hour ECG 16 88 55
24 hour Blood pressure 5 19 26
Resting ECG 42 42 47
Cardiac event monitors 0 0 0
Total annual other tests 63 149 128
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TOTAL MEDICAL TESTS

2024 2023 2022
Total medical tests 532 621 682

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024

Community Education

Cardiovascular disease (CVD) includes coronary heart disease, stroke, peripheral vascular disease and other diseases of the cardiovascular system. It is the main cause of reduced life expectancy of residents in the most deprived areas across Lancashire.

In 2024 Heartbeat continued and extended its education programme for class members, families and members of the community. This year, our sessions included Balance, Diabetes, Nutrition, Cholesterol, Defib training, Peripheral Arterial Disease (PAD), and medication.

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024

Financial Review

The Statement of Financial Activities for the year is included on page 29.

  1. Income for the year was £1,074,944 (2023: £840,085).

Income from donations and legacies has increased from £159,598 to £331,723.

The charity received restricted grants totalling £83,908 (2023: £13,890). A summary of the restricted grants can be found within note 18.

Income from charitable activities has increased to £371,724 (2023: £287,791).

The charity asks people attending the cardiac rehabilitation and prevention programme to consider donating a voluntary contribution to the running costs of the charity. These voluntary contributions of £237,598 (2023: £213,960) support the charity to provide their services every week across the region.

The charity also undertakes fundraising events to support its activities such as raffles and collections, etc. There are also various fundraising activities undertaken by benevolent individuals. Heartbeat Northwest Cardiac Care does not have a direct input into such activities but ultimately benefits from the surplus generated. The trustees have recently reviewed the fundraising and consider that it is efficient and effective.

Income from other trading activities comes mainly from the lottery £343,521 (2023: £363,692). The lottery income has decreased but continues to provide vital funds for the charity.

  1. Expenditure in the year was £1,024,054 (2023: £1,022,928) resulting in a surplus of £50,890 (2023: Deficit £182,843).

  2. The total net assets of the charity are £469,159 (2023: £418,269). This is made up of designated funds of £302,865 (2023: £320,497) and restricted funds of £26,688(2023: £5,689) leaving free reserves of £139,606 (2023: £92,083). Designated funds represent the property assets fund, being monies already spent on the fixed assets of the charity.

Investment Policy

In accordance with its power of investment, the trustees have agreed that any funds held in excess of that which is required for immediate running purposes are transferred into interest earning investment accounts.

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024

Risk Management

The trustees continually review, in detail, the risks to which the charity may be exposed. The trustees see this as an on-going commitment in order to continually establish systems to mitigate those risks. A risk register has been developed which is reviewed at least annually.

The principal risk faced by Heartbeat Northwest Cardiac Care is the charity’s ability to raise sufficient funds annually to deliver the charitable objects whilst sustaining financial viability for the charity’s future. The trustees regularly consider variability of fundraising methods and have a structured monitoring programme. Trustees meet a minimum of twice per year in between which a budget and remuneration committee meet to monitor all things financial and report to the trustee board. The charity produces a risk register annually as part of statutory accounts procedures and this register is reviewed and updated on an annual basis. Fundraising is split into a variety of activities tried and tested since 1978. Each year they are reviewed and updated to meet the ever-changing economic climate and fundraising environment nationally, regionally, and locally.

Historically the charity has relied heavily on one activity, a lottery, run by the charity. However, in the last five years, by resourcing and applying extra focus on other fundraising areas, this reliance has reduced and forms part of a longer-term strategic plan to continue to grow other areas.

Reserves Policy

Having a reserves policy helps form the way in which Heartbeat Northwest Cardiac Care manages its cash, liquid assets, and debt. It also assists with planning and communicating the charity’s approach to interested parties. This policy contributes significantly to the trustee’s ability to balance the needs of current and future beneficiaries, ensure the charity is well managed and that the trustees manage the level of reserves carefully for the benefit of Heartbeat Northwest Cardiac Care.

The pro-active management of the charity reserves, through planned management reporting systems, ensures that the level of reserves are not too high or low for the needs of the charity.

Our policy is to maintain reserves at a level equivalent to 26 weeks of annual operating expenditure, which currently equates to £512,027,. At the end of this year, as shown in note 18 to the accounts, the charity has free reserves of £139,606 which whilst not sizeable illustrates the extent of the investment in our bespoke cardiac centre which should allow Heartbeat Northwest Cardiac Care to raise its profile; increase the number of participants using the facilities; create new income generation possibilities and strengthen relationships with key partners. The trustees consider that given the strength of the charity’s balance sheet, the stable cash flows from the lottery and rehabilitation classes, the current level of free reserves are sufficient and the target is now to build them so that they are, once again, at least equivalent to 26 weeks of annual operating expenditure.

The trustees have delegated financial monitoring to a budget and remuneration committee which has an active involvement in reviewing and monitoring the financial activities of the organisation. The budget and remuneration committee reports to the trustees on a six monthly basis regarding the amount of reserves required to ensure that they are adequate to fulfil the charity’s continuing obligations.

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024

Plans for the future

Heartbeat Northwest Cardiac Care is committed to the fight to reduce cardiovascular disease and its risks. We will continue to work with our key partners, supporters, and class members to deliver the right services to achieve this objective. In the next 12 months, the trustees anticipate Heartbeat will;

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024

Chief Executive Officer Summary

2024 started with the stark reality that we needed to work harder to survive, our reserves had taken a terrible hit in 2023 and if income didn’t improve we would be forced to close some of our services. This headline and a visit from Northwest Tonight highlighted our plight to the people of our local communities to give them a better understanding of how difficult it had become to fund our much needed and valued service.

The small fundraising team focussed on corporate partnerships, sponsored events and applying for funding bids and I have to say that they surpassed all expectations. Their dedication and unwavering determination to bring the finances back to a better year end result led to us having new partners to work with and a stronger connection with many of our class members.

One of the fundraising team concentrated on improving our social media presence, the stories have touched the hearts of many and the number of followers we have has rocketed allowing more people to see what we do at the touch of a button.

We have built partnerships with businesses, banks, estate agents and golf clubs. I have to make a special mention to ForFarmers who decided to spread the word of Heartbeat on their lorries. This year Longridge 20/20 chose us as their charity of the year and the fundraising team had a wonderful time taking part in Jimmy’s journey walking from Heartbeat to Goodison Park with our Class member Jimmy Martin.

We have worked alongside the NHS providing blood pressure testing in the communities across Lancashire who may struggle to understand why taking your blood pressure regularly is so important. We have tested over 350 people and 23% of those tested need further intervention. We hope that this programme has educated families and saved lives by a simple test that is so easy to do. The new partnerships we have made with the NHS and other charities through this piece of work have been a pivotal change for the charity and have proven that we can provide quality work to support many people in our local communities.

We were thrilled to become finalists for the Community/Third sector Business of the year award at the Be Inspired Business Awards (BIBAs). Run by the North & Western Lancashire Chamber of Commerce, it is Lancashire’s longest running, largest and most Finalist prestigious business awards ceremony. This was a well deserved accolade for the team. Sometimes in business when work becomes difficult we forget the important people, but at Heartbeat this year we need to celebrate every member of the staff team. Their dedication, professionalism and enthusiasm has shone through. This team pulled together, determined to see it succeed not only for themselves but for the thousands of people who attend our classes and rely on our services.

My final note must be to everyone who has donated, raised money, volunteered or raised awareness of Heartbeat this year, thank you.

Together we are Heartbeat.

Louise Bache CEO

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024

Statement of Trustees’ responsibilities in relation to the financial statements

The charity trustees (who are also the directors of the Heartbeat Northwest Cardiac Care for the purposes of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year:

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. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

In accordance with company law, in so far as the trustees are aware:

Auditor

A resolution will be proposed at the Annual General Meeting that Azets Audit Services be re-appointed as auditor to the charity for the ensuing year.

Approved and signed on behalf of the board of trustees:

George Phillip Goodier (Treasurer) Date: 29 May 2025

Jacqueline Chohan (Chair) Date: 29 May 2025

25

HEARTBEAT NORTHWEST CARDIAC CARE INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF HEARTBEAT NORTHWEST CARDIAC CARE FOR THE YEAR ENDED 31st DECEMBER 2024

Opinion

We have audited the accounts of Heartbeat Northwest Cardiac Care (the ‘charity’) for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the notes to the accounts, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the accounts:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs(UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the use of the going concern basis of accounting in the preparation of the accounts is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually 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 responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

26

HEARTBEAT NORTHWEST CARDIAC CARE INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF HEARTBEAT NORTHWEST CARDIAC CARE FOR THE YEAR ENDED 31st DECEMBER 2024

Other information

The other information comprises the information included in the annual report, other than the accounts and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the accounts does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the accounts, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the accounts or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors’ Report included with the Trustees’ Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

27

HEARTBEAT NORTHWEST CARDIAC CARE INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF HEARTBEAT NORTHWEST CARDIAC CARE FOR THE YEAR ENDED 31st DECEMBER 2024

Responsibilities of Trustees

As explained more fully in the Statement of Trustees’ Responsibilities, the trustees, who are also directors of the charity for the purpose of company law, are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.

In preparing the accounts, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the company or cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts.

A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

28

HEARTBEAT NORTHWEST CARDIAC CARE INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF HEARTBEAT NORTHWEST CARDIAC CARE

FOR THE YEAR ENDED 31st DECEMBER 2024

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of noncompliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’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 charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Julie Flintoff BA (Hons) FCA (Senior Statutory Auditor) Azets Audit Services Statutory Auditor PRESTON

Date: 29 May 2025

Azets Audit Services is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

29

HEARTBEAT NORTHWEST CARDIAC CARE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st DECEMBER 2024

Unrestricted Restricted Total Total
Funds Funds Funds Funds
Note 2024 2024 2024 2023
Income from: £ £ £ £
Donations and legacies 2 289,815 41,908 331,723 159,598
Charitable activities 3 329,724 42,000 371,724 287,791
Other trading activities 4 369,425 - 369,425 388,521
Investment income 5 2,072 - 2,072 4,175
- - - -
Total income 991,036 83,908 1,074,944 840,085
- - - -
Expenditure on:
Raising funds 6 132,715 7,790 140,505 144,299
Charitable activities 7 569,748 45,709 615,457 605,640
Other – Lottery costs 8 260,302 7,790 268,092 272,989
- - - -
Total expenditure 962,765 61,289 1,024,054 1,022,928
- - - -
Net income/(expenditure) and net 28,271 22,619 50,890 (182,843)
movement in funds for the year
Transfers between funds 1,620 (1,620) - -
Net movement in funds 29,891 20,999 50,890 (182,843)
Reconciliation of funds:
Total funds brought forward 412,580 5,689 418,269 601,112
- - - -
Total funds carried forward 442,471 26,688 469,159 418,269
══════ ══════ ══════ ══════

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirement for an income and expenditure account with the Companies Act 2006.

The notes on pages 33 to 48 form part of these accounts.

30

HEARTBEAT NORTHWEST CARDIAC CARE BALANCE SHEET AS AT 31st DECEMBER 2024

Note 2024 2023
£ £ £ £
Fixed Assets
Tangible assets 13 302,865 320,497
Current Assets
Stock - -
Debtors 14 18,996 13,780
Cash at bank and in hand 237,043 168,898
- -
Total Current Assets 256,039 182,678
Creditors:Amounts falling due within
one year 15 (89,745) (84,906)
- -
Net Current Assets 166,294 97,772
- -
Total assets less current liabilities 469,159 418,269
══════ ══════
The funds of the charity
Unrestricted income funds:
Designated funds 18 302,865 320,497
General unrestricted funds 18 139,606 92,083
Restricted funds 19 26,688 5,689
- -
469,159 418,269
══════ ══════

Approved by the Board of Trustees and signed on its behalf by:

George Phillip Goodier (Treasurer) Jacqueline Chohan (Chair)

Date: 29 May 2025 Date: 29 May 2025

The notes on pages 33 to 48 form part of these accounts.

31

HEARTBEAT NORTHWEST CARDIAC CARE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31st DECEMBER 2024

Reconciliation of net movement in funds to net cash flow from operating activities

2024 2023
£ £
Net movement in funds – Page 29 50,890 (182,843)
Add back depreciation charge 20,077 24,670
Decrease/(increase) in debtors (5,216) (1,198)
(Decrease)/increase in creditors 4,839 (8,967)
Deduct interest income (2,072) (4,175)
- -
Net cash provided by operating activities 68,518 (172,513)
══════ ══════
Statement of cash flows
2024 2023
£ £
Net cash provided by operating activities 68,518 (172,513)
Cash flows from investing activities
Interest 2,072 4,175
Purchase of fixed assets (2,445) -
- -
Net cash (used in) / provided by investing activities (373) 4,175
 
Change in cash and cash equivalents in the year 68,145 (168,338)
Cash and cash equivalents at the beginning of the year 168,898 337,236
- -
Cash and cash equivalents at the end of the year 237,043 168,898
══════ ══════

32

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024

1. ACCOUNTING POLICIES

Company information

Heartbeat Northwest Cardiac Care is a private company limited by guarantee incorporated in England and Wales. The registered office is Sir Tom Finney Way, Preston, Lancashire, PR1 6PA.

Basis of Preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities presenting their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) (effective 1 January 2019) and the Companies Act 2006.

Heartbeat Northwest Cardiac Care meets the definition of a public entity under FRS102.

The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared in accordance with the historical cost convention. The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.

Going Concern

At the time of approving the accounts, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the accounts.

Charitable Funds

General unrestricted funds comprise accumulated surpluses and deficits on general funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Designated funds are unrestricted funds of the charity which have been set aside to reflect the value of funds represented by the tangible fixed assets of the charity.

Restricted funds are subject to restrictions on their expenditure imposed by the donor. Expenditure which meets these criteria is charged to the fund.

33

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2024

Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Gifts and donations received for the general purposes of the charity are included in unrestricted funds when received. Where these comprise of donated fixed assets, they are included at market value where this is readily ascertainable. Gift Aid is recorded on a receivable basis.

Legacies are recorded on a receivable basis, where the value of the legacy is measurable and all conditions associated with receipt of the legacy have been fulfilled.

Lottery income is received for Heartbeat and beneficiaries. Lottery income is recorded on a receivable basis. Income received in advance for future draws is deferred until the corresponding draw has occurred, at which time the income will be recognised in the SOFA.

Event income comprises income raised from various fundraising events, the sale of donated and bought in goods and sponsorships during the year, which is recorded on a receipts basis.

Income from charitable activities comprises of donations from class members towards the running costs of the charity, which is recorded on a receipts basis.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity, this is normally upon notification of the interest paid or payable by the bank.

Grant income is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis inclusive of VAT which cannot be recovered. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the statement of financial activities based on income directly associated to the activity, undertaken on a pro rata basis.

The costs of raising funds comprise the direct costs associated with attracting donations, legacies, grants and fundraising and their share of support costs and governance costs.

Expenditure on charitable activities includes those costs incurred by the charity in the delivery of its activities and services for its beneficiaries and their share of support costs and governance costs.

Other costs comprise the lottery prizes, beneficiary management fees and their share of support costs and governance costs. Beneficiary management fees are an agreed share of the beneficiary lottery income.

Irrecoverable VAT

The charity is not registered for Value Added Tax and accordingly income and expenditure includes the irrecoverable Value Added Tax element where applicable.

34

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2024

Allocation of Support and Governance Costs

Support costs and governance costs are those functions that assist the work of the charity but do not directly carry out charitable activities. These costs have been allocated to each expenditure heading based on their respective usage.

Support costs are defined as shown in note 9

Governance costs are defined as shown in note 10

Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. All assets costing more than £500 are capitalised. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Preston North End – Buildings Over the term of the lease Over the term of the lease
Preston North End – Integral fixtures 10% straight line
Computer equipment 25% straight line
Medical equipment 10% straight line
Office equipment 10% straight line
Sports equipment 17% straight line

Stocks

Stocks are valued at the lower of cost or net realisable value.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and bank overdrafts. Overdrafts are shown within borrowings in current liabilities.

Financial Instruments

The charity only has financial assets (debtors, cash and bank balances) and financial liabilities (creditors and accruals) of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Creditors and Provisions

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.

Operating Lease Agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remains with the lessor are charged as an expense in the SOFA on a straight line basis over the period of the lease.

Taxation

The company is a registered charity and as such is entitled to tax exemptions on all its income and gains, properly applied for charitable purposes.

35

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2024

Pensions

The charity operates a defined contribution pension scheme using a Group Personal Pension Plan, and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

Legal Status

The Trust is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

2. Income from donations and legacies

2. Income from donations and legacies
2024 2023
Total Total
£ £
Unrestricted:
Donations 251,565 114,419
Legacies 19,239 18,935
Gift Aid 19,011 12,354
- -
289,815 145,708
Restricted:
Grants 41,908 13,890
- -
331,723 159,598
══════ ══════
3. Income from charitable activities
2024 2023
Total Total
£ £
Unrestricted:
Voluntary donations from class members 237,598 213,960
NHS/Service users contributions to the cost of testing 43,627 33,836
Education and training 3,293 -
Gift Aid 45,206 39,995

329,724 287,791
Restricted:
Grants 42,000 -
- -
371,724 287,791
══════ ══════

36

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2024

4. Income from other trading activities

come from other trading activities
2024 2023
Total Total
£ £
Fundraising events 17,232 17,045
Sale of goods 3,841 2,409
Letting of offices 4,831 5,375
Lottery – Heartbeat 235,722 246,617
Lottery – Beneficiary 107,799 117,075
- -
369,425 388,521
══════ ══════

All income from other trading activities relates to unrestricted funds in both 2024 and 2023.

5. Income from investments

All the charity investment income arises from money held on interest bearing deposit accounts and related to unrestricted funds in both 2024 and 2023.

6. Analysis of expenditure on raising funds

nalysis of expenditure on raising funds
2024 2023
Total Total
£ £
Staff salaries 64,611 64,916
Training and development 200 4,200
Advertising/Promotion 519 476
Subscriptions 274 230
Event costs 2,891 2,358
Postage 1,437 1,313
Sundry costs 11,124 10,985
- -
81,056 84,478
Governance costs (see note 10) 3,384 2,855
Support costs (see note 9) 56,065 56,966
 
140,505 144,299
══════ ══════

Included within other expenditure are support costs of £7,790 (2023: £Nil) which are restricted.

37

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2024

7. Analysis of expenditure on charitable activities

Cardiac rehabilitation classes and related testing

2024 2023
Total Total
£ £
Staff salaries 347,206 346,141
Freelance staff for testing 5,050 5,150
Rehabilitation costs 74,186 57,553
Postage 2,052 1,991
Training and development 825 724
Repairs and renewals 1,465 1,422
Medical consumables 2,370 1,518
Education 3,924 295
Pulse watches (COVID supplies) - 246
Sundry costs 3,690 3,952
- -
440,768 418,992
Governance costs (see note 10) 3,384 2,855
Support costs (see note 9) 171,305 183,793
 
615,457 605,640
══════ ══════

Included within charitable activities expenditure are staff salaries of £17,711 (2023: £2,311), rehabilitation costs of £18,523 (2023: £7,390), sundry costs of £236 (2023: £Nil), education costs of £800 (2023: £Nil) and support costs of £8,439 (2023: £Nil) which are restricted.

8. Analysis of other expenditure – Lottery costs

nalysis of other expenditure – Lottery costs
2024 2023
Total Total
£ £
Staff salaries 35,706 39,998
Lottery wins 85,964 79,419
Beneficiary lottery fees 75,397 81,977
Agent commission 225 357
Bank charges - -
Advertising & promotion 275 855
Postage 3,954 3,779
Sundry costs 7,122 6,783
- -
208,643 213,168
Governance costs (see note 10) 3,384 2,855
Support costs (see note 9) 56,065 56,966
 
268,092 272,989
══════ ══════

Included within other expenditure are support costs of £7,790 (2023: £Nil) which are restricted.

38

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2024

9. Allocation of support costs – Current year

location of support costs – Current year
Other
Raising Charitable lottery 2024
funds activities costs Total
£ £ £ £
Depreciation 2,008 16,061 2,008 20,077
Insurance 1,364 10,908 1,364 13,636
Premises rent – Unrestricted 4,724 37,789 4,724 47,237
Premises rent – Restricted 76 610 76 762
Gas & electric 4,504 36,034 4,504 45,042
Water 146 1,168 146 1,460
Bank charges 3,735 3,735 3,735 11,205
Building maintenance 2,890 23,124 2,890 28,904
Management/Admin- Unrestricted 22,748 22,748 22,748 68,244
Management/Admin- Restricted 7,549 7,549 7,549 22,647
Telephone, fax and internet 575 4,599 575 5,749
Wage preparation 151 1,209 151 1,511
Canteen and office sundries – 9 73 9 91
Unrestricted
Canteen and office sundries - 16 128 16 160
Restricted
HR Support 523 523 523 1,569
Printing, postage and stationery – 1,037 1,037 1,037 3,111
Unrestricted
Printing, postage and stationery - 149 149 149 447
Restricted
Subscriptions 12 12 12 36
Repairs & renewals 2,006 2,006 2,006 6,018
HSE 523 523 523 1,569
Gratuities 1,320 1,320 1,320 3,960
   
56,065 171,305 56,065 283,435
══════ ══════ ══════ ══════

39

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2024

Allocation of support costs – Previous year

Other
Raising Charitable lottery 2023
Funds Activities costs Total
Depreciation 2,467 19,736 2,467 24,670
Insurance 1,328 10,624 1,328 13,280
Premises rent - Unrestricted 4,900 39,200 4,900 49,000
Gas & Electric 6,368 50,942 6,368 63,678
Water 116 932 116 1,164
Bank charges 3,627 3,627 3,627 10,881
Building maintenance 2,343 18,739 2,343 23,425
Management/Admin- Unrestricted 30,372 30,372 30,372 91,116
Telephone, fax and internet 433 3,463 433 4,329
Wage preparation 140 1,116 140 1,396
Canteen and office sundries 24 194 24 242
HR Support 498 498 498 1,494
Printing, postage and stationery 2,027 2,027 2,027 6,081
Subscriptions 34 34 34 102
Repairs & renewals 1,791 1,791 1,791 5,373
HSE 498 498 498 1,494
   
56,966 183,793 56,966 297,725
══════ ══════ ══════ ══════

10. Allocation of governance costs – Current year

Other
Raising Charitable lottery 2024
Funds activities costs Total
£ £ £ £
Auditors remuneration 2,917 2,917 2,916 8,750
Legal and professional 467 467 466 1,400
   
3,384 3,384 3,382 10,150
══════ ══════ ══════ ══════
location of governance costs – Previous year
Other
Raising Charitable lottery 2023
Funds Activities costs Total
£ £ £ £
Independent Examination 1,560 1,560 1,560 4,680
Legal and professional 1,295 1,295 1,295 3,885
   
2,855 2,855 2,855 8,565
══════ ══════ ══════ ══════

Allocation of governance costs – Previous year

40

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2024

11. Analysis of staff costs and remuneration of key management personnel

2024 2023
£ £
Gross wages and salaries 482,563 488,143
Pension contributions 19,598 18,294
Social security costs 36,253 35,734
- -
538,414 542,171
══════ ══════

The trustees consider the board of trustees, Chief Executive and the Head of Finance as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity daily. The total employee benefits of the key management personnel of the charity were £91,601 (2023: £91,808).

Trustees are required annually to disclose any relevant interests and register them with the Chief Executive and in accordance with the charities policy withdraw from any decisions where a conflict of interest arises.

The charity has set up a remuneration committee who review the Chief Executives salary package to ascertain whether it is appropriate for the role, and is bench marked against other like for like charities with similar activities and operations.

No employee earned over £60,000. The number of staff to whom retirement benefits were accruing under a money purchase pension scheme was 16 (2023: 16).

The average number of persons employed during the year, analysed by function was follows:

2024 2023
Medical services 16 14
Fundraising 3 4
Lottery 1 1
Management and administration 2 2
- -
23 21
══════ ══════

41

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2024

Commission and fees payable to part-time freelance staff

ommission and fees payable to part-time freelance staff
2024 2023
£ £
Commissions/expenses paid to lottery collectors and agents 224 357
Professional fees paid to doctors and exercise staff 5,050 5,150
-- -
5,274 5,507
══════ ══════
Average number of persons working on a part-time freelance basis:
Lottery – external collectors 3 3
Professional – GPs and outreach instructors 6 7
- -
9 10
══════ ══════

12. Trustee remuneration & related party transactions

All trustees give of their time freely and no trustees or any person connected to them received any remuneration for their services during the year.

The charity has not met any individual expenses incurred by the trustees for services provided to the charity during the year.

Insurance premiums during the year amounting to £484 (2023: £470) were incurred by the charity in respect of indemnity insurance for the trustees.

42

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2024

13. Tangible fixed assets

PNE
Lease- Office &
hold Computer Medical Sports
Property Equipment Equipment Equipment Total
£ £ £ £ £
Cost
At 1 January 2024 417,278 69,432 78,727 98,893 664,330
Additions - - 2,445 - 2,445
Disposals - - - - -
- - - - -
At 31 December 2024 417,278 69,432 81,172 98,893 666,775
══════ ══════ ══════ ══════ ══════
Depreciation
At 1 January 2024 114,918 64,930 67,002 96,983 343,833
Charge for the year 13,656 2,980 1,989 1,452 20,077
On disposals - - - - -
- - - - -
At 31 December 2024 128,574 67,910 68,991 98,435 363,910
══════ ══════ ══════ ══════ ══════
Net Book Value
At 31 December 2024 288,704 1,524 12,180 457 302,865
══════ ══════ ══════ ══════ ══════
At 31 December 2023 302,360 4,502 11,725 1,910 320,497
══════ ══════ ══════ ══════ ══════
All tangible fixed assets are unrestricted funds classified as designated.
Debtors
2024 2023
£ £
Program/ Testing debtors 34 18
Gift Aid 4,448 5,132
Prepayments and accrued income 14,514 8,630
- -
18,996 13,780
══════ ══════

14. Debtors

All debtors relate to unrestricted funds in both 2024 and 2023.

43

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2024

15. Creditors: Amounts falling due within one year

2024 2023
£ £
Bank overdraft 5,713 13,142
Trade creditors 9,461 10,686
PAYE / NI 9,091 10,363
Pension contributions 3,667 3,393
Other creditors 2,174 815
Accruals 14,970 7,648
Deferred income (Note 16) 44,669 38,859
- -
89,745 84,906
══════ ══════

All creditors relate to unrestricted funds in both 2024 and 2023.

16. Deferred income

Contributions
to
Rehabilitation Lottery Programmes 2024 2023
Classes Income Total Total
£ £ £ £ £
As at 1 January 2024 8,072 29,377 1,410 38,859 38,230
Released in the year (8,072) (29,377) (1,410) (38,859) (38,230)
Deferred to next year 9,554 34,124 991 44,669 38,859
- - - - -
As at 31 December 2024 9,554 34,124 991 44,669 38,859
══════ ═════ ═════ ═════ ═════

17. Financial instruments

Financial instruments
2024 2023
£ £
Carrying amount of financial assets
Financial instruments measured at amortised cost 4,482 5,150
Carrying amount of financial labilities
Financial instruments measured at amortised cost 30,144 31,476

44

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2024

18. Analysis of charitable funds

Analysis of movement in unrestricted funds:

Balance Gains/ Balance
b/fwd Income Expenditure Transfers c/fwd
£ £ £ £ £
General Fund 92,083 991,036 (942,688) (825) 139,606
Designated Funds:
Property Assets Fund 320,497 - (20,077) 2,445 302,865
- - - - -
412,580 991,036 (962,765) 1,620 442,471
══════ ══════ ══════ ══════ ══════
Analysis of movement in unrestricted funds – previous year:
Balance Gains/ Balance
b/fwd Income Expenditure Transfers c/fwd
£ £ £ £ £
General Fund 254,445 826,195 (988,557) - 92,083
Designated Funds:
Property Assets Fund 345,167 - (24,670) - 320,497
- - - - -
599,612 826,195 (1,013,227) - 412,580
══════ ══════ ══════ ══════ ══════

General Fund: The “free” reserves of the charity after allowing for all designated funds.

Designated Funds: The property assets fund is the value of the unrestricted funds already spent and represented by the tangible fixed assets of the charity (note 13).

45

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2024

Analysis of movement in restricted funds:

Balance Gains/ Balance
b/fwd Income Expenditure Transfers c/fwd
£ £ £ £ £
Restricted Funds:
B&Q Foundation 856 - (856) - -
Chorley Borough Council 1,500 - (1,500) - -
Preston City Council 3,333 - (3,333) - -
Awards for All - 20,000 (1,984) - 18,016
Lancashire County Council - 800 (800) - -
Harold & Alice Bridges Charity - 2,000 (236) (1,620) 144
Sport England - 9,000 (3,826) - 5,174
West Lancs Mark Charity Fund - 3,354 - - 3,354
Abbvie Ltd - 3,747 (3,747) - -
Marsden
BS		 Community - 2,487 (2,487) - -
Foundation
Farington PC - 420 (420) - -
Chorley BC - 100 (100) - -
NHS - 42,000 (42,000) - -
- - - - -
5,689 83,908 (61,289) (1,620) 26,688
═════ ══════ ══════ ══════ ══════

B&Q Foundation This money is for gardening equipment and general costs relating to our allotment.

Chorley Borough Council This grant is to fund Chorley class costs.

Preston City Council

This funding was used to cover costs for our wellbeing service to provide mental health support to our class members.

Awards for All

This funding was used to contribute to costs of the Stroke Rehabilitation Project.

Lancashire County Council This funding was used to purchase 2 defibrillators

Harold and Alice Bridges This funding was to fund defibrillator purchases and uniforms. Charity

Sport England

This funding was used to cover costs for the Walking For Heart Health project. Benefitting people with Peripheral Artery Disease

West Lancs Mark Charity This funding was provided for purchase of equipment. Fund

46

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2024

Abbvie Ltd This grant was to assist in covering costs for delivering classes in Chorley.

Marsden BS Community This grant is to fund Lytham St Anne’s class costs. Foundation Farington Parish Council This funding was to cover Leyland Leisure Centre classes.

Chorley BC This grant was to assist in covering costs for delivering classes in Chorley.

NHS

This funding was used to cover costs for blood pressure testing, health inequalities targeted, community awareness and case finding events

Analysis of movement in restricted funds – previous year:

Balance Gains/ Balance
b/fwd Income Expenditure Transfers c/fwd
£ £ £ £ £
Restricted Funds:
B&Q Foundation 1,500 - (644) - 856
Chorley Borough Council - 6,000 (4,500) - 1,500
Jigsaw Homes - 2,590 (2,590) - -
Lancashire County Council - 300 (300) - -
Preston City Council - 5,000 (1,667) - 3,333
- - - - -
1,500 13,890 (9,701) - 5,689
═════ ══════ ══════ ══════ ══════

B&Q Foundation This money is for gardening equipment and general costs relating to our allotment.

Chorley Borough Council This grant is to fund Chorley class costs. Jigsaw Homes This grant was for 6 months to fund classes specifically for our class members with Peripheral Arterial Disease in Chorley.

Lancashire County Council This grant is to fund Leyland class costs.

Preston City Council This funding was used to cover costs for our wellbeing service to provide mental health support to our class members.

47

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2024

19. Analysis of net assets between funds

Current year Restricted General Designated
Fund Fund Fund Total
£ £ £ £
Tangible Fixed Assets - - 302,865 302,865
Current Assets 26,688 229,351 - 256,039
Current Liabilities - (89,745) - (89,745)
- - - -
Total 26,688 139,606 302,865 469,159
══════ ══════ ══════ ══════
Previous year Restricted General Designated
Fund Fund Fund Total
£ £ £ £
Tangible Fixed Assets - - 320,497 320,497
Current Assets 5,689 176,989 - 182,678
Current Liabilities - (84,906) - (84,906)
- - - -
Total 5,689 92,083 320,497 418,269
══════ ══════ ══════ ══════

20. Commitments under operating leases

At 31 December 2024 the charity had an annual commitment under a non-cancellable operating lease for rent of the property at PNE. The remaining lease term is 25 years and analysis of the commitment is set out below:

set out below:
2024 2023
Land and Land and
Buildings Buildings
£ £
Operating lease which expires:
Due within 1 year 48,000 48,000
Due within 2 - 5 years 192,000 192,000
Due after 5 years 960,000 1,008,000
══════ ══════
1,200,000 1,248,000
══════ ══════
the reporting end date, the charity also had other outstanding commitments for future minimu
ase payments under non-cancellable operating leases, which fall due as follows:
2024 2023
£ £
Operating lease which expires:
Due within 1 year 3,352 2,530
Due within 2- 5 years 4,841 5,677
Due after 5 years - -
══════ ══════
8,193 8,207
══════ ══════

At the reporting end date, the charity also had other outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

48