2024-03-31-accounts

a￿Ety reg1stratio￿ nuTnb¢r. 1177753 Northwick Park Cardiac Research Charity for the Year EDdtyJ 31 M8r¢b2024 n A Gre￿ aod Sorjs L75llrtttvd Certtfied 12'Lhe BroEdw*y Si

Northwlck PaTk Cardiac Rtsearch Charity Contrnts Refer￿¢¢ 8J&d D¢tsil$ 2to3 q¢#¢¢mw¢ ot fmwiat a¥tiviti Balallcc Sh•et _ Noteits thefittallci￿ tsttjtttnts Yto12 7hè followin8PA8e dae8notfonn part ofth¢s*tstory ED4nci81 st4t¢5llth: St#re4U¢nt of fitiancial adivitiey

Northwlck Park c￿dIa¢ Resexrch Lharlty R¢forell¢e and Admini8Érntsi'e Det8ll5 Cbxrlty Dlllje ch￿ltyregktrxUOll Dumb¢r 1177753 Northwick P%rkHospitsJ Wal?￿r￿Rr$ad Middle8ex HAT 3UJ Rw'ded offl¢e NDrtrAckPrtHr*pAtal Watfoftl koad Middle HAI 3UJ Tru&tves MrAttJatiit SiEgb D8&san N&vttJ Chabal Dr Nieel Step D A Greeo aDd So 2 Th¢BzoadMy Si Iv¢s C8u",by PE27 5BN

Triortknlek Pgrk c￿dIat Re8eareh Ch8Aty TrobJeGts the thatity are to wodprotect gO￿l￿ta1th for the pthlic be,M2fitby ¢8Thying otrt ttE)aitaI r¢sewJ in Parricular￿th nok ex¢1￿$t￿y into ftnding n¢w tr¢atsi￿nts for he&rt dis¢ai4 re8e￿￿1￿ methods of &s5essin¥ wdia fuftcikoll aud th¢ deY¢Loprn¢nt of ir¢terYutsioJ￿ devicts. To disso￿)￿￿ the rcsulis ot'%whTQ3wch for the publi¢lKtJ¢fit. AdygDGI￿ èlL'cation by p￿¥1510# of trathing iti 4JLcditi8n08i3, treatment r$6ear¢ii of cardiac dtstaBG. Pubuc beu¢fjt Throughout th¢ ye8r, atall ofthc TDLqtrc metyiw. Ttustecsh&vr [%￿ld¢f¢d tho guid8ttCC 8lvell by the Cknity Commiior rewdiag QF¢rating fOr￿blIC benef ThE riwity Works for ihepobli¢ bFL¥fftbyrxnying £￿ ￿¢&I&l￿1￿ts with 8&w of impThins patient healtb ￿kI￿wIcdA¢ abO￿he￿rtd55¢•. Thmugbl tbe pJbli¢ation of this wotl the Tr5tstts &8ve beeA eissco]1￿ed fw the i￿¢fil Oi the wid¢r audiencc. Tiw¢tt4 h2ve rttt]aÈlltd fac￿¥d on th¢ obJ"e¢tsof the rhsrity througknut the year. ¢Tmriig th¢ dJts¢ts0tt oFthtt cknÈry follows thr obi¢L R&qearch acti￿tIO$ haY¢con12DudwEth tBnge of cardiac ￿￿0?￿011s sbJaieJ. 11J¢se iochth cq¢, of hospJts] ¢STd$3c 6Tre< trtknetst of ae]rte tNIMllw)' tDtholiw he% ￿"lute, lipidlowttin& 8trial fthrillatt0￿ aDgÈn c&raiac I￿agIng ¢omn8ry int¢rYentiLfL R￿Val￿7jt￿t into I&8e￿Oh skntie5 Low coui¥tsntiy exee]]mL We hav¢ LonliDugltu supp)rt IturF4tients svArnl kokng oi stabl¢ Tho Cl￿rity Contiti￿5 kntxpl0Jrw￿ttpjc wwyS f)f carry i their ob'"edlV￿. We httve now Ippl￿d ts gr&nts to ¥uprK>rt¢yracthic r¢9￿Ch 8nd has'¢ cxp&lltsJ th¢ tjea to èducatioa by provi¥ion rf trattting. In￿£strUe0t of thds is #t ev¢ry witb Tnuie¢a ogr¢¢in8 ofL a low.ri5k 3trate8y. M"&lD 8¢ldeTes7euts A totsl Df11 publIs￿bY the caTdiaG r¢¥tr4￿. £l)arAty vear, tsludin8 <tt Set rf intttnatiOll81 IErn) wJi(Friitt¢s. to Tmdiilake $evèr81 ori￿1 ￿PAK¥prOjeC OsA¢of ow p&st do¢tots ha" be￿ awttltd th¢Ar PhIl IWD tAyt d(￿￿$8[e th¢sr PhD thoses alldtwtsof owcutrntdoctors ￿e £allr￿y 7Jndethg PbDs. We continue w lefvl thotix kn the long tenD follow Lwfor IF¢ ISN￿￿11[1￿L "Nhith will ccd ill 2025. W¢ have leA th¢ LK forglohleady plwe re5¢arrb ttith into n¢w freatme￿ ftthwt fall¥￿.

NorthTvitk Park Cxrdimc Restlrcb Charity Trn&tees' Report Fiv4L¢i41 T4¢poliby OTh r¢s*¥cs is 10 oFAÈio the int¢r%slp)s5iblEiYith¢ui pijtting tlJ¢ wltal fvt ri3k lies¢Thc fvnds ar¢nowiovestt41 vir4 the Fjagstotte platform in luw.ri8k sttat•8y. All fands Br¢ eoveredby the FSCS gutdThtee All fwdg wiY¢d Ar¢U￿￿trICt￿snd usedÉo ￿ntI￿￿￿ith tbewDTi( of thp tharity. AVi￿rti￿￿ approwiatepioiecfsarising withlti thertsewcb &re ID lillewith the obj¢Gts oftht ¢barity. Apptovrdby ths TThgtees OD 17 De¢emiw 2024 and siglltd olltheArtthoJf by.. DrTrlipl 3tcpl Trth812e

Ittdependent Exanthiees Report to the Trllgtees t Northwkk P4rk Canllac Resercb Charity I rwort ox the accouttts of thc TTh￿ frsr tbeyear ctybl 31 Mowb2024. wbitb ate outOTr Pa%ES S to 12. Ite4)eedve rtspoJJslbllltl¢s wjf tr￿trtI euttthier The Iw5t¢¢s #rt tupo]Jgible for thc prep&rniAon of the Th¢ In￿￿ t}￿t an ￿dit 1$ Toquired foi" thij year s￿tI￿? 14412) of the tJHrities Act 2011(the 201 l Act) and th1 indoErtdmt exaTr¥iDtiott is rt¢eded. Xl is my Th450Jsibllity to.. amioè tbe a¢eouttts llader geetion 145 of thc 2011 Act foll¢)w tlw wo¢¢dwe8 dowo in the General Di[￿￿% give￿ by thB Cl[￿ty CoTnmi181th undor S￿¢10￿ 14S (5) (b) ofthe 2a1 i Art" a My examsnatxon was Corri￿ rfirt with the G¢n¢ral Dlrtctions ￿v¢Th by the Cknriry CowJybis&iot). Ats extrminntion in¢lJdes a miew of thr ao¢ouw¥ records kot by thtr a￿1ty ojjd a ¢JoEwatison of Ibe accounts preseuted with th9￿ I￿rds. It 4t￿ iocludeg CO￿la¢ratIOn of atty iletkns or diwlosLtres thg utsdert8kep llot provide all tht tridenc< thet wi￿a Tre reguita a￿ll 4tsd ty)1￿cqU¢nt2y no opinion IE %rveu as to wuether th¢ S￿¥$Un ptemi &'ttT¢ MI f&irvi¢¥f •¥1 thE Y¢P)rtis limited to nHtter¥ se¢ OUtiD 5Adepende￿ eK¥minv'J #atrmeut lyk thwtttioll with Jry tstyr5uauon. no lYa& cots￿ to rDy sllrnli (l) which bYV&% tollTeve that ill Try reSp￿lIb¢￿Illjrern to keep BLthmtiDg records 8r¢ordw s￿n 130ofth#A¢t: and re4tiirnYAts ofts 2011 A¢t (2) tQ vh7¢￿ ill w cy1llio￿ att￿lOts skLwld be ¢hwi iu order kn ¢llabLe a prw wthst8ndll4 of the 12 The BroadTh St Lvva Canbs PE27 5BN r) A (iroco &)ts& 17 1)ewtiber2024 Page 4

North￿tk Park C8rdiac Research Charity Statesne)iÉ of F￿an¢1￿1 Activ£iles for the Year Ended 31 m￿ch 2024 UDregtrictsd Total Tfjl￿ Fuu FRodx 2024 2Q Voltsnlary Jstthne A¢¥ivits•J fth- setser&tFtiS fi]nds Invtstm¢ot i1*¢om¢ Totsl incim]ing rraource8 2,487 33S,020 15,135 351642 205,141 163,140 2.769 371,050 335,020 15,135 351642 Rtsfjureo$ txp¢nded CoBts of lenerating fimds Fundra￿ tradi￿￿. of Èoidalldoth .ostS Total re80llrc￿ ryendEd 436.718 436,718 436,718 43fj.718 476,549 476.549 Nd rts)Y¢ments in fA {84J)761 (￿,076} (105.499) Tot81 fuuds brwght tsrw8rd rot￿ funds t￿rIed forwd 964,328 880252 964 28 880.252 1,069,828 964.329 T1￿Cha￿ty tux1￿}$¢0 or low for tr£ oth¢r than thcr¢suJts Th¢ Aotes on ￿8¢5 7 to 12 forni 8a int¢￿1 [￿rt 0fth￿ frybw¢iai 8tat¢nients.

Northwick Pzrk Cthlfiac Researeh CknAIty Ba14ne¢ Sh¢¢t ￿ At 31 March 21)24 2011 Flxed &￿tt￿ T3nyble wets 52955 76J12 Cqrr¥ttt ￿ets D¢btor8 Ca8h at boJkaThl iti ltsttd io 17,711 875.810 893.521 13,564 ,014,317 1,027,881 Cttdltorj: falllllg ¢bA¢ year {28.623} 82,$64} Net turrtjrt ayets 86S,898 945,317 Total ¥95ets 917,853 1.021,629 Creditors: hlttBg due fter wote thrtd yoRr 12 (37.6011 {57,300} Nt 4SS¢ts 880252 9&#,329 The oftse ¢hATItr. lJllYè8ttht¢d fii*ds Untestricted in¢om¢ fth 880252 964.329 Tot41 ¢kn4rlty 880252 pProv￿1bY tbB Board0￿ 17 2024 &hd its brknlf by.. Dr14ig£l %tq>htDg - nottr4 OD pa￿ 7 to 12 form an wtegr4lpart tsf these fjnanci#l Pw6

NDrthivlck Park Cardlllc R¢se8rtb Charlty Not¢8 to the Fmaneial StslemeDts for tke Year Ended 31 M4rck 2024 A¢eollntl#g pollelèl IIRyb of pw)ars¢foffj rh¢ f￿￿CIal ststrweThts ljyve becp. pre[￿1 the bi5tsxical cost cOttv￿tiDll qnd in axonlm¢¢ wilh the Stsjement of Reu)mmeodrd Prsctitt'A¢Wm￿g End ReprnknL by Cb2ttlies (SORP 2Q05)', i85wd in fy14rth 2005. appli¢abl¢ acc￿ slAthrds and the Cb•sstic&Act 2Qll. Unr¢stri¢tsd fiulds •xe genml fjjnth that llre avallable for we at disrtion ill furth¢Tollce of the objective8 of tb ebarity. Flth detaiEs ol&]¢b folld arc discl(a kn uot¢ 14. ltt¢0mlA%reau￿trc WI￿ rdi&bility. WhfflE servic￿ are provided to th¢ ¢hsrity 88 8 d)n&tioD that wuld aoro]alty be pDrthascd from ￿LT ipplirss, Ibis ttititributiott i5 itt the fittotici•I sl1¢￿ents at Iin the vakn of the cotttrthutÈoo to the charitywherE this ¢￿be quanlified Th¢ valu¢ of sthri¢￿ provid￿ by v¢lunieaY J6 not Incory￿atj into kn fittgncial stsiein¢n¢8. Fmth¢r dgtaAb ofthe ¢onts1b￿￿ottm&thbyVQhjOteerY ¢on b¢ foll￿ in th¢ Theas' ReporL Resgar¢tJ ez9￿￿Ed tAAbiliiie5 •r¢r¢¢wi$ed tbere is a It￿1 orcorffjtructive obligatioll ¢omtx.itltiig the charity to th¢ expelldituro. All &XpeUd&tU￿ 18 Kcouw¢d for on att accn2als b￿18 and been cl2ssifi¢d he&dinss tbett8gr¢ggLto ail costs ttiateil io ￿l¢gOry. e4tsts ftHxl8 are the wsts of tr￿1￿& for fiodtaisio8 PU￿>￿. Sw)port incl￿de ceattal ffiJtictiOXL8 s￿1 have been ￿[Kated to sdivity Cost cthgorits on a bASiS cortsistEEt wtth thE use ￿ Xtsou￿Ès, for eJawl4 all{￿tI￿￿ preperry ctjsts by It￿)r ate& or pBr ¢&piia. %thff ¢osts byth¢ time and other ¢￿bY their usag 1rjd1vidu￿ fsxed ¢>)5t¢Dg £0 aTe illitstlly at s¥k8L I￿￿1￿tion is proiided ott tsngible ffixed &ssets so as to T￿11￿ off th# wstor valuatiott, l¢s8 Aoy ¢stimthd TW￿l￿V¥I vahw. over their eXpP)￿ ¢wnoJni¢ tsf¢ &¥ follows.. oiri(% eqUiP￿t 25% ¢&ai8htliDE basis Pl•ntdndmachiEE•y 25Y.r¢thiKg b8lancE basis

Northwick PArk Cxrdiv4t RewTch Charlty Notes to the Fittaneial Ststements for tbe Year Ended 31 Mareb 2fi24 Hlrt p¥rehsY and l¢w ¢Dlltrscts Ass&s hdd uudEI rJE￿￿ 1¢45w wjrith are le4S￿ s¥l￿e wbthtsdly ￿1 the ri6k8 ￿1 reMYrds of DWnLYxhip of the as8#t ha￿ to the charity. •¢ ¢tpitstawJ irl the blBnce St￿et 25 &n8Tr1 1£ fiKed ss¢ts arv dwnci8ted over their U9efu Iivf& The witsl elernerLts of futu¢È ttblig4riDDs I53%￿ ET6 35 li&kn"lÈts¢s in the b8Jw 5hr4L The 'th"..er¢si elNwftt of the rentsl i Ch￿ed to the stttemeot of fi￿n￿l￿ aGtiVTti¢5 the p¢riod of tke 1¢45¢ aJLd a W%LSt8T Awts h¢Id ￿lldor bire PULtlw¢ a￿ts aT¢ witsivj ￿. laD￿le 8&9Ets ood ¥re dep￿t￿￿ted ov¢r trioir ￿￿ruE live. The e#prAi elernmt of rntwe ftt)afjce pa￿llents i$ i￿[￿led cre%lit0￿. Flyj￿￿ ¢hwcs t¢ BlloEatrl to aCCo￿[ln% ￿LI>￿0V￿ tht leDgth of tht ¢ODITBcL Uttrostr1th41 Tot*] FuMd$ T•tsl FRDd$ Fa￿05 2024 2023 Awc8ls aDddtyn&tioD5 DoJat¢d sUPSh)rt 1487 1487 4.768 1497 2,487 205,141 Attjvltles forgeuer&tiDg Thnos UEre%tri¢tsJ Fiud5 2024 21J23 Oporot10g Aedvlty I F¢e8 and 6uppIi¢s 335,020 335,W20 163,140 Ullrtytrk￿ TotsJ Fwds T￿11 F￿1&# 2024 int¢re8rott ¢thibposltB 15.135 15,135 2,76"9

NorthwSek Psrk Cardlar Re¥e8rth CharRty riote8 to the Flnantlal Stxtemellls for the Year Ended 31 MArth 2024 ortl¥nue TOtB7￿¢}￿rt1s ¢wwded Operatlug Totsl Cost of six)ds snld ÈryioymeTht ¢osts Tr¢Y¢l andsub&i5ts2i¢¢ Ad¥etti￿￿&￿ and PT4ynwiion BzDk chdF8es Dqwi&tiWA of tawbk fiAed8&5el8 37,441 344.346 22,885 115 920 yJ,?57 429.0(A 37.441 344,346 22,885 115 920 23,557 429.0&1 Swiportto expcnaos PrintirLg, stslionery .,%¢)tLéry attd okn costs A£countaw ke5 In*ro¢ p#y&b]E 1,982 145 1,800 3,650 7,654 145 1,800 3,650 7,654 436.718 436,718 Notm$ttr& afty remull￿ duri48 the Jw. Net outRoing resoiijyes t# Slat￿ &llDr£hat8iW. ?A124 2023 5.705 5.?04 D¢rwi%ltotJ gf as$Ets hdd und¢r IMye8 ¥lld hlr¢ pur¢l) 17.652 23,535 P¥￿9

Northwick Park CardA*t Rewrcb ch￿lty Note5 to the Finall¢ial Ststements for the Year Eryded 31 Marth 2024 contthued The 48gr¢ote payrDII ¢osts ofth£g¢ p¢noDs were as follows.. 21ll4 2013 W48¢s and saisries 344,296 366,222 Pwlo

Northwlck Park CArdi¥ Research Charity IYote8 tD th¢ FlllxLcial Statements for th¢ YeAr Ended 31 March 2024 TwThle fixed ￿9¢tr IDtl¥Jibtsg fjttingy gRd Total Cost t I ApTiI 2023 *tsJ 31 March 2024 98235 30.423 128,653 AS * l April 2023 Chsrye for th¢ yeHr A¥ at 31 March 2024 27,628 17.652 452&1 24,718 5,705 30,423 52,346 23,3S7 75.7ll3 A8 at 11 m￿th 2024 A8 * 31 March 2023 51955 7fj.￿7 51955 5,705 10 Debthn 2023 rrade deotsTrL¥ 12841 1,870 11.694 1,870 13.564 11 Crodltors: Aj￿)unts due7•lthh) oll¢ ytar 21n4 2023 Trade credttofs Other Ltodlt¢￿ 6,918 19.904 1,801 ?8.623 61,763 19.000 1.801 82.564 Pwll

Northwi¢k Prk Cardiac 11&geJrch Cbxrity Notsy to the )Illanci￿ Statements for the Yw Ended 31 March 2024 12 Crtditors.. I￿11￿g dÈ th#n fM¢yur 2024 2623 i7.601 SI,31M> 13 jielat￿ p74rtleJ C•ntrollltsg e•dty Th¢Ch￿lty is wutrolld by thttrll#tt8. 14 A￿#ty￿S oTfvnd8 At l Aprll 2023 At3k rrts ¢K￿ded M8rth2¥24 1SwetrlC￿ itiC0n￿ fuad 964328 352.642 (436,718) 880252 l¥ P4rt assets JJY tknd Ullrutrlcted Totsl FD•d% Fllnd8 2024 T(talFurils 2&23 51955 893 J21 (28.623) 52.955 893.521 128.623) 76J12 I.OZ7.881 (82,564) (37,601) 8802Y2 7A)l) (57JOO) 964,329 Nd gs6¢ts Pw12

N￿rthwICk Park Cardiac Re￿r¢b Charlty Sttement of fittanclal acilv111¢5 by fund Y¢4r F￿￿￿ 31 FTAr¢h 2024 Upr¢Jtrlrted UnTrstrktthl 2924 2023 resources Voluniary tacome Adiviii¢S for g¢D¢ratsng fiuldo lfivesttn￿t ill¢4)rats 2.487 335,020 15,135 352,642 205.141 163,140 2,769 J71.050 R¢sourc¢4espended C(Mt& of 8eDentiD8 fiuu FELy￿r￿s1￿8 tsidinB'. ¢ost of goods sold aDd DthercD&ts 436.718 436,718 476,M9 476.M9 'lietniiJvetsients in fip 184.076) (105,499) R¢¢DH¢lllatlon •f Total bro'ghi SJrw8rd 'rotsl fLtrth ¢atritd forsyard 964,328 880252 l.U69.828 964.329 Pise 13