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2025-12-31-accounts

HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES – LEGAL AND ADMINSTRATIVE INFORMATION FOR THE YEAR ENDED 31st DECEMBER 2025

HEARTBEAT NORTHWEST CARDIAC CARE

(A COMPANY LIMITED BY GUARANTEE) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] DECEMBER 2025

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 - 48

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES – LEGAL AND ADMINSTRATIVE INFORMATION FOR THE YEAR ENDED 31st DECEMBER 2025

Charity Number 1168850
Company Number 10195311
Patrons: Somnath Kumar
Allan Kelly
Directors and trustees: Jacqueline Marie Chohan (Chair)
George Philip Goodier (Treasurer)
Jeannie Hayhurst
Neil David Maver
Richard Schofield
Peter Toner
Steve Millward
Jill Truby
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 2025

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 2025

The trustees are pleased to present their annual directors’ report and the financial statements of the charity for the year ended 31st December 2025 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 8 members (9 in 2024), 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 2025

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) Jackie Wilding (Chair) (Resigned 2 May 2025) George Philip Goodier (Treasurer) Jeannie Hayhurst Neil David Maver Steve Millward (Appointed 31 January 2025) Richard Schofield (Appointed 28 March 2025) Peter Toner (Appointed 28 March 2025) Jill Truby (Appointed 24 October 2025) John Dent (Resigned 6 June 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 2025

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 2025

Heartbeat NWCC Organisa�on Chart

----- Start of picture text -----
Board of Trustees and Clinical Director
Budget and Remuneration Committee
Chief Execu�ve Officer Head of Finance
Louise Bache Caroline Dransfield
----- End of picture text -----

----- Start of picture text -----
SERVICES
FUNDRAISING AND
LOTTERY
Cardiac Physiologists Opera�ons Manager
Debbie Crossley Carl Mar�nez Fundraising Leads
Jo Duff
Lisa Riding
Sally Seed
Heartbeat Fitness
Sessional Tes�ng Doctor
Instructors
Dr Stewart Jones
Jackie Lowry
Fundraising Administrators
Julia Gardham
Nurse Charlo�e Flynn Joanna Oxberry
Lorraine Hope Steve Jenkinson Abby Millward
Ma�hew Tidswell
Sally Seed
Wellbeing Support Marcus Godfrey Lo�ery Officer
Madison Heaton Ellis Jones Karen Gildert
Saad Salman
Ma�hew Tidswell
Becks Moore
Recep�on
Sessional Fitness Instructors
Jo Widdows
6 instructors
Samim Patel
Somayya Malek
----- End of picture text -----

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2025

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 2025

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 23 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, those with high blood pressure, stroke survivors, diabetics, Peripheral Arterial Disease (PAD), Chronic Obstructive Pulmonary Disease (COPD) patients, 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 2025

‘Thank you for saving my life.’ – Mike’s Story

A powerful quote from class member Mike who recently had a cardiac arrest whilst in his supervised exercise class at Heartbeat

These are the words we’ll never forget from our amazing class member Mike and they’re a powerful reminder of just how important our work at Heartbeat truly is.

Mike first came to us after undergoing bypass surgery. He was doing all the right things, rebuilding his strength through our supervised cardiac rehabilitation classes… until one day, during a session, he suddenly collapsed by the cross-trainer.

Mike had gone into a cardiac arrest - something that can happen to anybody at any time.

In that critical moment, our incredible team jumped into action. Our cardiac physiologists Debbie and Jo immediately started CPR and used the defibrillator we have in the room. Just one shock later and Mike came round.

He survived - because they were trained. Because they were ready. Because there was a defib just feet away.

Mike later said:

“You have no idea what you have done for us. Words will never be enough and I, for one, will be eternally grateful - we both will. Writing these words is hard, but necessary. Thank you for saving my life.”

It’s a powerful reminder that what we do here at Heartbeat isn’t just exercise, it’s life-saving. This is why we do what we do. This is why we fight for funding. Why we train hard. Why we keep defibs in every room. Why supervised cardiac rehab MATTERS.

We’re so proud of our team and we are so proud of Mike. We are so thankful to still see his smiling face at Heartbeat after returning to his classes.

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2025

Some of Heartbeat’s corporate partners in 2025 thank you for being there for us.

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2025

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.

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.

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 2025

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 2025

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 and it shows that our services are still vital to the local communities.

Summary of Performance

Referrals

In 2025 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 Heart Failure referrals have all increased, although others have dropped this is more a case of them settling after an initial influx.

----- Start of picture text -----
2025 2024 2023
Phase 3 32% 31% 27%
Self Referrals 20% 21% 23%
G.P. Referrals 13% 12% 8%
Heart Failure 12% 6% 11%
PAD/Vascular 9% 9% 12%
Stroke 4% 10% 7%
Pulmonary 10% 11% 12%
Other 0% 0% 0%
----- End of picture text -----

Volunteers

In 2025 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 2025

Lottery income from Heartbeat playing members fell by £12,722 (5%) compared to £10,895 (4.4%) in the previous year.

Lottery income from beneficiary playing members increased by £1,445 (1%) compared to a reduction of £4,239 (3.78%) in the previous year.

Donations and Legacies

Income from donations and legacies has had an increase from £331,723 to £366,423. 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 2025

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 2025

Attendance at Heartbeat Cardiac Rehabilitation Classes

----- Start of picture text -----
2025 2024 2023
Preston North End 677 631 611
Blackpool 0 10 15
Burscough 16 18 18
Preston Central UCLan 9 0 12
Ribby Hall 49 38 34
Chorley 160 202 162
Leyland 40 33 32
Penwortham 19 21 18
Garstang 31 32 38
St Annes 51 32 23
Total attendance year 1046 1017 963
----- 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 this means that we are providing our services to more people. St Annes class numbers are continuing to increase which has allowed us to add another class in that area. Sadly in 2025 we had to close the class at Blackpool. All class members have been accommodated at other sites .

Number Referred to Heartbeat Services

2025 2024 2023
Total number of new referrals
to 9 month programme		 384 415 555
Total number referred for
medical testing		 2 15 104
Total number referred to all
services		 386 430 659

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2025

Our referral numbers have now settled since COVID as you can see there is a high number in 2023 which are the remainder from the period of closure. In 2023 we made a conscious decision to reduce the amount of medical testing for 24 hour BP monitors and 24 hour ECG’s this was always completed by Heartbeat at no charge to local GP’s but the number we provided became unsustainable. In 2025 our ECG machine finally became obsolete and we have not been successful in a grant funding bid to buy another

High risk patients

A QRISK score is a clinical, evidence-based calculator used by healthcare professionals to estimate the likelihood of a person developing cardiovascular disease (CVD)—such as a heart attack or stroke—within the next 10 years. Heartbeat continues to provide prevention services to people with a QRISK score of 20% or above either via GP or self referral

The following tests were carried out in 2025:

----- Start of picture text -----
2025 2024 2023
Initial exercise treadmill tests 277 292 281
9 month retests 194 128 159
Post 9 month restarts 34 16 11
3 year retests 0 0 12
High risk testing 11 13 2
Total for the year 516 449 465
----- 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 2025:

2025 2024 2023
Total Private ECG stress test 27 20 7

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2025

Community Education

In 2025 Heartbeat continued to extend 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. We also invited local groups and charities to support our class members in a variety of ways including mental health and cancer support.

Our education programme included training and supporting students through their university work placements. Students have difficulty finding places to complete their placements and at Heartbeat we provide the support and training giving students the opportunity to improve their confidence.

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HEARTBEAT NORTHWEST CARDIAC CARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2025

Financial Review

The Statement of Financial Activities for the year is included on page 30.

  1. Income for the year was £1,102,713 (2024: £1,074,944).

Income from donations and legacies has increased from £331,723 to £366,423.

The charity received restricted grants totalling £34,305 (2024: £83,908). A summary of the restricted grants can be found within note 18.

Income from charitable activities has decreased to £358,357 (2024: £371,724).

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 £257,852 (2024: £237,598) 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 £332,244 (2024: £343,521). The lottery income has decreased but continues to provide vital funds for the charity.

  1. Expenditure in the year was £1,076,574 (2024: £1,024,054) resulting in a surplus of £26,139 (2024: £50,890).

  2. The total net assets of the charity are £495,298 (2024: £469,159). This is made up of designated funds of £308,831 (2024: £302,865) and restricted funds of £10,719 (2024: £26,688) leaving free reserves of £175,748 (2024: £139,606). 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 2025

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 £538,287. At the end of this year, as shown in note 18 to the accounts, the charity has free reserves of £175,748 which whilst not sizeable illustrates the extent of the investment in our bespoke cardiac centre which continues to 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 2025

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 2025

Chief Executive Officer Summary

2025 has been a year of celebration and hard work. Last year having a positive financial outcome at year end was a definite boost to the team and just what was needed after a number of extremely difficult years. With income now reaching over 1 million pounds there were many funding bids that were no longer available to us, making grant funding more difficult to access.

Legacy income is money or assets donated through a person's will or estate plan, creating a lasting gift that supports the charity's work long after the donor's lifetime, and we have been very kindly gifted two legacies which will have helped Heartbeat to achieve a balanced budget again in 2025.

We had some new additions to our team this year. New instructors have boosted the team with energy and enthusiasm wanting to put their own mark on the services we provide and help our class members to improve their outcomes. This has also allowed the Operations Manager to take more time looking at the finer details of class attendance, cover and health and safety. Each of our services team have shown dedication to our class members this year, not only focussing on health and fitness but also mental health and social wellbeing which we know is half the battle.

Our fundraising team had extra support this year with two new admin assistants which really boosted energy levels. Towards the end of 2025 we said goodbye to our longstanding lottery administrator who has been with Heartbeat for 12 years running our lottery and supporting the fundraising team.

We ended the year holding our very own Red Radiance Ball which was a huge success. Seeing staff, corporate partners and class members alike enjoy a magical evening filled with song, dance and fantastic entertainment was a testament to the funding team who organised this event. Their dedication and unwavering determination to build better relationships and a stronger connection with many of our class members is a delight to see.

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 2025

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 Philip Goodier (Treasurer) Date: 27 March 2026 Jacqueline Chohan (Chair) Date: 27 March 2026

24

HEARTBEAT NORTHWEST CARDIAC CARE INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF HEARTBEAT NORTHWEST CARDIAC CARE FOR THE YEAR ENDED 31st DECEMBER 2025

Opinion

We have audited the accounts of Heartbeat Northwest Cardiac Care (the ‘charity’) for the year ended 31 December 2025 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.

25

HEARTBEAT NORTHWEST CARDIAC CARE INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF HEARTBEAT NORTHWEST CARDIAC CARE FOR THE YEAR ENDED 31st DECEMBER 2025

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:

26

HEARTBEAT NORTHWEST CARDIAC CARE INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF HEARTBEAT NORTHWEST CARDIAC CARE FOR THE YEAR ENDED 31st DECEMBER 2025

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:

27

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

FOR THE YEAR ENDED 31st DECEMBER 2025

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

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

Date: 21 April 2026

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

28

HEARTBEAT NORTHWEST CARDIAC CARE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st DECEMBER 2025

Unrestricted Restricted Total Total
Funds Funds Funds Funds
Note 2025 2025 2025 2024
Income from: £ £ £ £
Donations and legacies 2 332,118 34,305 366,423 331,723
Charitable activities 3 358,357 - 358,357 371,724
Other trading activities 4 377,716 - 377,716 369,425
Investment income 5 217 - 217 2,072
- - - -
Total income 1,068,408 34,305 1,102,713 1,074,944
- - - -
Expenditure on:
Raising funds 6 152,996 216 153,212 140,505
Charitable activities 7 643,735 25,545 669,280 615,457
Other – Lottery costs 8 254,082 - 254,082 268,092
- - - -
Total expenditure 1,050,813 25,761 1,076,574 1,024,054
- - - -
Net income/(expenditure) and net 17,595 8,544 26,139 50,890
movement in funds for the year
Transfers between funds 24,513 (24,513) - -
Net movement in funds 42,108 (15,969) 26,139 50,890
Reconciliation of funds:
Total funds brought forward 442,471 26,688 469,159 418,269
- - - -
Total funds carried forward 484,579 10,719 495,298 469,159
══════ ══════ ══════ ══════

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 32 to 48 form part of these accounts.

29

HEARTBEAT NORTHWEST CARDIAC CARE BALANCE SHEET AS AT 31st DECEMBER 2025

Note 2025 2024
£ £ £ £
Fixed Assets
Tangible assets 13 308,831 302,865
Current Assets
Stock - -
Debtors 14 12,983 18,996
Cash at bank and in hand 287,690 237,043
- -
Total Current Assets 300,673 256,039
Creditors:Amounts falling due within
one year 15 (114,206) (89,745)
- -
Net Current Assets 186,467 166,294
- -
Total assets less current liabilities 495,298 469,159
══════ ══════
The funds of the charity
Unrestricted income funds:
Designated funds 18 308,831 302,865
General unrestricted funds 18 175,748 139,606
Restricted funds 19 10,719 26,688
- -
495,298 469,159
══════ ══════

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

George Philip Goodier (Treasurer) Date: 27 March 2026

Jacqueline Chohan (Chair) Date: 27 March 2026

The notes on pages 32 to 48 form part of these accounts.

30

HEARTBEAT NORTHWEST CARDIAC CARE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31st DECEMBER 2025

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

2025 2024
£ £
Net movement in funds – Page 29 26,139 50,890
Add back depreciation charge 19,366 20,077
Decrease/(increase) in debtors 6,013 (5,216)
Increase/(decrease) in creditors 24,461 4,839
Deduct interest income (217) (2,072)
- -
Net cash provided by operating activities 75,762 68,518
══════ ══════
Statement of cash flows
2025 2024
£ £
Net cash provided by operating activities 75,762 68,518
Cash flows from investing activities
Interest 217 2,072
Purchase of fixed assets (25,332) (2,445)
- -
Net cash (used in) / provided by investing activities (25,115) (373)
 
Change in cash and cash equivalents in the year 50,647 68,145
Cash and cash equivalents at the beginning of the year 237,043 168,898
- -
Cash and cash equivalents at the end of the year 287,690 237,043
══════ ══════

31

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2025

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.

32

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2025

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.

33

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2025

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.

34

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2025

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

3.

Income from donations and legacies
2025 2024
Total Total
£ £
Unrestricted:
Donations 128,744 251,565
Legacies 189,548 19,239
Gift Aid 13,826 19,011
- -
332,118 289,815
Restricted:
Grants 34,305 41,908
- -
366,423 331,723
══════ ══════
Income from charitable activities
2025 2024
Total Total
£ £
Unrestricted:
Voluntary donations from class members 257,852 237,598
NHS/Service users contributions to the cost of testing 43,115 43,627
Education and training 4,252 3,293
Gift Aid 53,138 45,206
 
358,357 329,724
Restricted:
Grants - 42,000
- -
358,357 371,724
══════ ══════

35

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2025

4. Income from other trading activities

come from other trading activities
2025 2024
Total Total
£ £
Fundraising events 32,622 17,232
Sale of goods 7,889 3,841
Letting of offices 4,961 4,831
Lottery – Heartbeat 223,000 235,722
Lottery – Beneficiary 109,244 107,799
- -
377,716 369,425
══════ ══════

All income from other trading activities relates to unrestricted funds in both 2025 and 2024.

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 2025 and 2024.

6. Analysis of expenditure on raising funds

nalysis of expenditure on raising funds
2025 2024
Total Total
£ £
Staff salaries 68,064 64,611
Training and development 400 200
Advertising/Promotion 1,075 519
Subscriptions 1,612 274
Event costs 8,359 2,891
Postage 1,424 1,437
Sundry costs 11,514 11,124
- -
92,448 81,056
Governance costs (see note 10) 4,661 3,384
Support costs (see note 9) 56,103 56,065
 
153,212 140,505
══════ ══════

Included within other expenditure are support costs of 216 (2024: £7,790) which are restricted.

36

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2025

7. Analysis of expenditure on charitable activities

Cardiac rehabilitation classes and related testing

2025 2024
Total Total
£ £
Staff salaries 408,767 347,206
Freelance staff for testing 5,100 5,050
Rehabilitation costs 67,815 74,186
Postage 2,147 2,052
Training and development 1,095 825
Repairs and renewals 1,995 1,465
Medical consumables 2,269 2,370
Education 1,795 3,924
Pulse watches (COVID supplies) 53 -
Sundry costs 4,549 3,690
- -
495,585 440,768
Governance costs (see note 10) 4,661 3,384
Support costs (see note 9) 169,034 171,305
 
669,280 615,457
══════ ══════

Included within charitable activities expenditure are staff salaries of £21,615 (2024: £17,711), rehabilitation costs of £2,786 (2024: £18,523), sundry costs of £144 (2024: £236), education costs of £Nil (2024: £800), repairs and renewals £1,000 (2024: £Nil), and support costs of £Nil (2024: £8,439) which are restricted.

8. Analysis of other expenditure – Lottery costs

nalysis of other expenditure – Lottery costs
2025 2024
Total Total
£ £
Staff salaries 18,649 35,706
Lottery wins 86,071 85,964
Beneficiary lottery fees 76,470 75,397
Agent commission 212 225
Bank charges 125 -
Advertising & promotion 171 275
Postage 4,050 3,954
Sundry costs 7,570 7,122
- -
193,318 208,643
Governance costs (see note 10) 4,661 3,384
Support costs (see note 9) 56,103 56,065
 
254,082 268,092
══════ ══════

Included within other expenditure are support costs of £216 (2024: £7,790) which are restricted.

37

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2025

9. Allocation of support costs – Current year

Other
Raising Charitable lottery 2025
funds activities costs Total
£ £ £ £
Depreciation 1,936 15,494 1,936 19,366
Insurance 1,718 13,740 1,718 17,176
Premises rent 4,800 38,400 4,800 48,000
Gas & electric 3,559 28,473 3,559 35,591
Water 189 1,508 189 1,886
Bank charges 3,905 3,905 3,905 11,715
Building maintenance 3,264 26,113 3,264 32,641
Management/Admin salaries 31,372 31,372 31,372 94,116
Telephone, fax and internet 462 3,700 462 4,624
Wage preparation 176 1,408 176 1,760
Canteen and office sundries 28 227 28 283
HR Support 541 541 541 1,623
Printing, postage and stationery 1,568 1,568 1,568 4,704
Subscriptions 16 16 16 48
Repairs & renewals 1,988 1,988 1,988 5,964
HSE 541 541 541 1,623
Sundry 40 40 40 120
   
56,103 169,034 56,103 281,240
══════ ══════ ══════ ══════

All support cost expenditure in the year relates to unrestricted funds.

38

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2025

Allocation of support costs – Previous year

n of support costs – Previous 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 – UR 4,724 37,789 4,724 47,237
Premises rent – R 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 Salaries – UR 22,748 22,748 22,748 68,244
Management/Admin Salaries – R 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 – UR 9 73 9 91
Canteen and office sundries – R 16 128 16 160
HR Support 523 523 523 1,569
PPSA – UR 1,037 1,037 1,037 3,111
PPSA – R 149 149 149 447
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
══════ ══════ ══════ ══════

The split between restricted and unrestricted support cost expenditure is shown above with UR relating to unrestricted and R being restricted.

10. Allocation of governance costs – Current year

location of governance costs – Current year
Other
Raising Charitable lottery 2025
Funds activities costs Total
£ £ £ £
Auditors remuneration 2,867 2,867 2,867 8,601
Legal and professional 1,794 1,794 1,794 5,382
   
4,661 4,661 4,661 13,983
══════ ══════ ══════ ══════

39

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2025

Allocation of governance costs – Previous 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
══════ ══════ ══════ ══════

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

2025 2024
£ £
Gross wages and salaries 523,174 482,563
Pension contributions 20,166 19,598
Social security costs 46,256 36,253
- -
589,596 538,414
══════ ══════

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 £95,921 (2024: £91,601).

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 17 (2024: 16).

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

2025 2024
Medical services 16 16
Fundraising 4 3
Lottery 1 1
Management and administration 2 2
- -
23 23
══════ ══════

40

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2025

Commission and fees payable to part-time freelance staff

ommission and fees payable to part-time freelance staff
2025 2024
£ £
Commissions/expenses paid to lottery collectors and agents 212 224
Professional fees paid to doctors and exercise staff 5,100 5,050
-- -
5,312 5,274
══════ ══════
Average number of persons working on a part-time freelance basis:
Lottery – external collectors 3 3
Professional – GPs and outreach instructors 6 6
- -
9 9
══════ ══════

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 £488 (2024: £484) were incurred by the charity in respect of indemnity insurance for the trustees.

41

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2025

13. Tangible fixed assets

PNE
Lease- Office &
hold Computer Medical Sports
Property Equipment Equipment Equipment Total
£ £ £ £ £
Cost
At 1 January 2025 417,278 69,432 81,172 98,893 666,775
Additions - 780 - 24,552 25,332
Disposals - - - - -
- - - - -
At 31 December 2025 417,278 70,212 81,172 123,445 692,107
══════ ══════ ══════ ══════ ══════
Depreciation
At 1 January 2025 128,574 67,910 68,991 98,435 363,910
Charge for the year 13,655 662 2,037 3,012 19,366
On disposals - - - - -
- - - - -
At 31 December 2025 142,229 68,572 71,028 101,447 383,276
══════ ══════ ══════ ══════ ══════
Net Book Value
At 31 December 2025 275,049 1,640 10,144 21,998 308,831
══════ ══════ ══════ ══════ ══════
At 31 December 2024 288,704 1,524 12,180 457 302,865
══════ ══════ ══════ ══════ ══════
All tangible fixed assets are unrestricted funds classified as designated.
Debtors
2025 2024
£ £
Program/ Testing debtors - 34
Gift Aid 4,835 4,448
Prepayments and accrued income 8,148 14,514
- -
12,983 18,996
══════ ══════

14. Debtors

All debtors relate to unrestricted funds in both 2025 and 2024.

42

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2025

15. Creditors: Amounts falling due within one year

2025 2024
£ £
Bank overdraft 8,948 5,713
Trade creditors 10,643 9,461
PAYE / NI 12,364 9,091
Pension contributions 3,903 3,667
Other creditors 4,712 2,174
Accruals 13,004 14,970
Deferred income (Note 16) 60,632 44,669
- -
114,206 89,745
══════ ══════

All creditors relate to unrestricted funds in both 2025 and 2024.

16. Deferred income

Contributions
to
Rehabilitation Lottery Programmes 2025 2024
Classes Income & donations Total Total
£ £ £ £ £
As at 1 January 2025 9,554 34,124 991 44,669 38,859
Released in the year (9,554) (34,124) (991) (44,669) (38,859)
Deferred to next year 26,566 33,007 1,059 60,632 44,669
- - - - -
As at 31 December 2025 26,566 33,007 1,059 60,632 44,669
══════ ═════ ═════ ═════ ═════

17. Financial instruments

Financial instruments
2025 2024
£ £
Carrying amount of financial assets
Financial instruments measured at amortised cost 4,835 4,482
Carrying amount of financial labilities
Financial instruments measured at amortised cost 32,595 30,144

43

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2025

18. Analysis of charitable funds

Analysis of movement in unrestricted funds:

Balance Gains/ Balance
b/fwd Income Expenditure Transfers c/fwd
£ £ £ £ £
General Fund 139,606 1,068,408 (1,031,447) (819) 175,748
Designated Funds:
Property Assets Fund 302,865 - (19,366) 25,332 308,831
- - - - -
442,471 1,068,408 (1,050,813) 24,513 484,579
══════ ══════ ══════ ══════ ══════
Analysis of movement in unrestricted funds – previous year:
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
══════ ══════ ══════ ══════ ══════

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).

44

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2025

Analysis of movement in restricted funds:

Balance Gains/ Balance
b/fwd Income Expenditure Transfers c/fwd
£ £ £ £ £
Restricted Funds:
Awards for All 18,016 - (18,016) - -
Harold & Alice Bridges Charity 144 1,500 (144) (1,500) -
Sport England 5,174 11,830 (6,285) - 10,719
West Lancs Mark Charity Fund 3,354 - - (3,354) -
Masons Charitable Trust - 19,500 (216) (19,284) -
Lancashire County Council - 375 - (375) -
Duchy of Lancaster - 1,000 (1,000) - -
Councillor Community - 100 (100) - -
- - - - -
26,688 34,305 (25,761) (24,513) 10,719
═════ ══════ ══════ ══════ ══════

Awards for All

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

Harold and Alice Bridges Charity This funding was used to purchase a recumbent bike to be used in the gym at PNE.

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 Fund

This funding was used to purchase a treadmill at PNE.

Masons Charitable Trust This funding was used to purchase gym equipment and signs.

Lancashire County Council

This funding was used in conjunction with the Harold and Alice Bridges grant to purchase a recumbent bike.

Duchy of Lancaster

This funding was used to purchase three water coolers.

Councillor Community

This funding was used to support the running of classes in Chorley

45

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2025

Analysis of movement in restricted funds – Previous year:

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.

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

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.

46

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2025

Abbvie Ltd

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

Marsden BS Community Foundation This grant is to fund Lytham St Anne’s class costs.

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

19. Analysis of net assets between funds

Current year Restricted General Designated
Fund Fund Fund Total
£ £ £ £
Tangible Fixed Assets - - 308,831 308,831
Current Assets 10,719 289,954 - 300,673
Current Liabilities - (114,206) - (114,206)
- - - -
Total 10,719 175,748 308,831 495,298
══════ ══════ ══════ ══════
Previous 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
══════ ══════ ══════ ══════

47

HEARTBEAT NORTHWEST CARDIAC CARE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2025

20. Commitments under operating leases

At 31 December 2025 the charity had an annual commitment under a non-cancellable operating lease for rent of the property at PNE. The remaining lease term is 24 years and analysis of the commitment is set out below:

set out below:
2025 2024
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 912,000 960,000
══════ ══════
1,152,000 1,200,000
══════ ══════

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:

2025 2024
£ £
Operating lease which expires:
Due within 1 year 2,398 3,352
Due within 2- 5 years 2,444 4,841
Due after 5 years - -
══════ ══════
4,842 8,193
══════ ══════

48