2020-12-31-accounts

REGisfER£DCHARITYMJMBÉR: 1183181 HeartsTogether REPORT OFTHETR AN UNAUDITED FINANCIAL sfATEMENTS R TH YEAR ENDED HEARTSTOGETHER Chartered Accountants & Chartered Tax Advisers 22 Union Streei Newton AblM>t D¢von TQ12 2JS

ETH rENT FTHEFIN Reportof the Trustees I to 10 Independent Examinees Report Statement of Flnancrdl ActNit￿$ 12 811a￿eSheet 13 Notes to theFinènciaS Statements 14 to 20 Detailed Statement of Financial Actiwties to 22

HEARTSTOGEfHER- R of TheTrustaesfor December2 The t￿stees present their reFx)rt with the finarci21 statemertrs of chèrity for the year ended 31 December2020. The trUSt￿S have adopted the prwsions of Accounting and ReFN)rting by Charities: Statement of Recommended Practice applicable to charities preparing their accounrs in accorda￿ w￿h the Financial Reportingstandard applicable in the UK and Republicof Ireland (FRS102) (effects'vel January 2019). Theobjectsof thecharityas setout in our(￿nStitU￿.Onartr. The relief of Sickness in such ways as the trustees thinkftL wilh s￿l311st but not exclusive expertise in relation to sufferers of heartdisease. in partioJlar(wthout limitation) by- (a) providing accommodationfor people sufferingfrom illness and undergoingtreatmentat medical centres in the South West of E@atxI arKI t￿r farn1￿ members and persons supp)rtin8 them, and for healthcare practitioners and those trainingin health-related a¢tniities.' (b) providing or assisting in the provision of cx)urtsellin8 and other support Services to meet the needs of such persons, and to medi¢al prOfesS￿na￿ linked toorengaged inthe treatmentorcareofsuch ￿Tson$,. (c) promoting initiatives supsx)rtirv8 prevent￿ry treatment and cure of sickness Ir￿lUdIt￿ promoting research and publishingthe useful results.. ènd Cd) providing and assistirÉ in the provisK)n of services, facilities and equipment ancillary to. or not normally Pfovided by. theststutory aut￿rI￿S. The Trustees have complied with iheir duty as per se¢tion 1715) of 2011 Charities Act and have had due regard to public ￿nefIt guidance wblished by ￿ Charity Commiss•)n in a8reeing the activities required to meet its objectives. The areas of publ￿ tenefit are detailed in the 'Aehievements & wfomiancd section of this repo¢ however in summarythefollowing benefits have been realised durin8this rewrting Feriod: 837guests stayedat our Hospital Hotel aceommodation for a totalof1539 nEhts duringtheyeaf. 60% of our guests were pat￿ft￿ 29% were carers fnends aTrJ relatives. Il% were NHS and mn-NHS healthcare professionals and trainees. Of the patier)ts whj stayed 20%were0￿0￿w￿Iatèy 29% of guest stays were paid for by healthcare providers aTrJ of remainiTr8 71% of guest stays, 9% re￿iVed a full chariry subsidy payirga mtnimal contribjt￿n0r in somecases. pawng nothingat all for the1r stay. We have sueee5sfully worked alorgside our local ￿althCare prowder Livewell and Plymouth City Council to provide Care Hotd Servi￿ for pat￿ts in wlofstep4own ca￿￿vrirvx the COVIDcrisis. Volunteers We are very grateful to our Tnjstees a￿1 royal suprx)rters who continue to selflessly ￿'ve their time to help our charity. Particular thanks go to The Cametford G￿)uP and Jeannie and Henry Clark who ordinarily fundraise for us every year but who have been stopFd in their tsacks by the pandern￿. We hope you are all keeping wetl and look forward toa better2021 foreveryone. As we move forward into 20213 key otr4'ectwe will L to recruit a team of volunteers to assist with delivering our extended support provisions and to developa comprehensivevolunteer semce. In order to achieve this, we will be recruitinga VolunteerCo-ordinatoT wlK•will oversee thisvital as￿[Of ourchariws wor Page13

Charitableactivities Hot It has been a year like no other forourcharity. The COVID-19 crisis hit in March but the effects ￿re also felt in the preceding rnonths. as the NHS began to prepare forwhat tfvfeared might come. Our average occupancy for the year was Just 25% compared to our usual run rates of bets¥een 70-80% as decttve surgeries We￿ ca￿elled and friends and relatives We￿ ￿evented from wsitingdEif loved ones in 311 txJtsomeiits"calilife threatening situath)ns. Despite the challenges we have remaird open eNery day tFWougIK￿t the pandemic and have changed and adapted to en5urethatwecontinueto provide essential Servi￿safelY.forthoseWho need us mosL During the yearwe saw a stark ir￿rease in t￿ number of orcolosy pat￿nts stawngwith us as their treatments were continued whilst many others ¥bEre cancelled or delayed. We were alsoatje to successfully reach out to NHS and non-NHS professionals and trainees who we I￿)Uld previously have been too full to accommodate at￿ have reaped th8 rewards ofrhese efforts axordingty. In the autumn of 2020, the chafity ¥￿e approached ty a Thjmter of different healthcare departments and services to discuss how we might able to supprrt with alleviats.ng some of the pressure on beds and spaces in the healthcare system. caused by the pandemic. In December 2020 Livewell. working with plyn￿th City Council. opened their Care Hotel 2 at HeartsTogethersupporred byour team. Thecharityretained rooms for its¢)wn8uests andwill contlnue toO￿Tate alongwde Livewdl until thecontract comestoan end in March 2021. During the autumn, charity also earried out refvrbishrnent works to ¢)ne of the bedroom wings and with grant funding were atje to add small kitcherpttes to 6 of the bedrooms rnakn'ng them self<ontsined, COVID secure spaces for our guests. The feedback from guests has teen extremety positive and we have been aWe to increase ourcapacity asa resulLenablirÉmoregueststo havea safestsyat Hearts T¢)88￿r. Sn 2020 it was agreed by the Lx)ard that we would re-focyjs our res(yJrces to target our Hospital Hotel guests and their relatives in terms of sVPPQrt services. As Such the cardiac specific counselling was brought to a close in sponse to this change in strategy and aLso as a result of the numter of requesrs hamns diminished month on month during2019, which we hope is reftiveof greaieraccess to statutory semcesand provisi)ns. In its p18ce, the board have approved the pilot of In-￿)uSe counselling stspport for Hospital Hotel patients, carers and relatives in regard to any heaIth-re￿ted issue includingcardiac care. This broadeningto encompass all health- related issues, reflects the widerguest rK&pulation wh) stay wtth us and creates equal access for all. The narrowing of our supporr to focus on those peopk wtrK) Stayat Hearts Together. rather rhan the WKJer community will ensure that the support we promde does not fill any void in statutory semces which is not part of our charitabSe objecrs but instead, delivers face to face suprK•rt at times wWe indmduals are in immediate need. For example, when they have received sadldifficult nerf4S from hoswal. they are asked to make a decision about ending life support orwhen theyare copingwith a sisnifi(ntcharEe asa resultof a d￿rK)sIS ortreatment. Page14

The pilot has been delayl as a result of COVID but we to have this ￿[v￿ up and running in 1are 2021. facilitated by trained and qualified counsellors butwith a more infomial approach. speaking withguests at the end of the day when rheyreturn frommsitingthwr k)ved onesorurkJer-goir@treatmentthemsefves. During 2020 we have provid￿1 a food shopping Serv￿ for guests stawng with us who have needed to shiekj and have rK)t had anyone staying wsth them. We have alg) provKknI uansport for guests who kn￿uld otherwise have eer) unable to receive essential rJeatmentand collected presuiptl0r￿. We have made regularcontact withguests who have suffered a bss duri￿ this per￿ which has I￿n particuLafly Valuab￿ to those who have subsequently found thernsefves alone. We have also offered support with funeral arrangements and other matters which have t)ecome m0rechallengirEforpeopleduri￿this time. Having promded over 200 defibrillators since the pYo8r3mme Iwn (originats'ns with Hearrswell s￿th West) in 2014, the decision was taken in 2020 to bring the defibrillator scheme to an end. The programme wa5 originallv designecj to raised awareness and to encourage defibrillators to become commonplace in communities, businesses and leisure facilities in the South West and on reflection, we believe that these aims have successfully been met. We are delI￿ted with all that has b*n achieved with and within our local communities and are particularly pro¢Jd of our'on the buses. campaign which saw the first defibrillators installed on public transport in the UK. Moving forward, our focus will be on creats'ngwrap-around seNees for ourguests, including transport to and from home if needed support with shoppirÉetc when retuming ￿me after receiving eareitreatment. Our aim is te build a volunteer network of individualswho have some precious time to spare to help others. as an when someone in their l¢)cal area would appretsatetheirsupport. We are also contiwing to build our peer suprK)rt programme and will be exterKling this from being Sole￿ cardiac related to cover wider health-relatedlcarer issue5 and hope to grow this over the comir8 years. utilising virtual technologiesand in time. face to fxesupport. Dueto COVID-19 there have been delays with b)th the W Vista research project the recruitment ofthe th￿e innovative project roles in Treliske wh￿h will foc￿ on improving patient care and patient experience in new ways whieh are not C￿r￿nIty deployed acros5 the NHS. Understandatjy the focus has been on the immediate health needs of patients in resFX)nse to the pandem￿. but we hope to progress these projects in late 2021leady 2022 as and when there is some easingof pressureon thewider healthcaresystem. Page15

The income forthe period ending31st DeceMt￿2020 was £279.643.This is significantly ￿sS than wasfowasi as a direct result of the pandemic. We saw a drop of 61% in accommodation income and a similar decrease in donations totalling c£225K wFH'ch has hay a huge impact. DuriTha the period. the charity was abÈ to access some Govemment funding to the value of £66.662 wh￿h has been 8 SuP￿rt but does ￿t cover the full extent of these loses. The breakdown of fuTrJingfortheperK)d isasfollows.. Breakdown of income 9% 6% D{￿atb0￿5 Flospital H¢yoS •( ardièc Cail*ter tab Giaiils 24% 45% Lewies Goveinnient gjpport hor 3% N.B. The'otherf income includes income from invesrments a small fundraisin8evenL defibrillator income and the feed-in.tariff foroursolar paneLs on the rcrt)f of the Hospital Hotel. Therewas very limited fundraisingactmtyand a sw4ficantfall in donations during the period dueto the pandemiq however based on the numter ofguests we saw during the year a￿1 the difficulties being faced by everyone, the level of donations was in line %wth accommodation actNity, many guests continuing to give which was very encour8gin& The expenditure forthe ￿ri0￿ was £369.425. This ts a redl￿tiOn of cf200K versus the forecast budget as a result of working hard to reduce overtwds in line with decrease in income for the pEriod. whilst continuing with planned largerscale projects necessary to supFort our recovery mowry forward. 2020 sadly saw 60% of the staff team (7 Ktople) being made redundant and whilst 28% of staffin8 reduction was part of planned re- O￿anIsation, 32% as a direct result of the ￿lfIcant decrease in actmty levels a￿1 the expectation of a slow recovery aswecomethroughtheothersideof thiscrisis. During 2020 we renovated 13 tedroorrs (ore wiry) of the HOs￿tal Hotel creatingthe ability to promde zip and link beds for twin or super-king conflguratKjr￿ and made 6 rooms self-contained with kitchenettes. We replaced the decked balconywhich had been condem￿, removed all ￿ dareeroustreeson ourgroundsand increasedguest parkn'ng. Page16

£27,088 was Spent on the expansk)n project to covw the costs of sainirÉ pre-planning approval. 2021 will see the charity undertake the activities required fora full-planningawlicatK)n. to take the project forward and increase our accommodation and charitable activitySP&&. The Expansion project has a separate budger to the business-as- usual activities. which is review￿1 and agreed bythe tM)ard areach stageof the projecL The breakdownof exFenditureisasfollows= Breakdown of expenditure 8% ir&tial C￿) S 37% .i.￿l al Expèrygw r¢oJeci 53% The net result for the yeaf endiTha 31st December 2020 is a def￿rt of £89,782. Lcokn'ng at the business-as-usual bud8et, despite the difficulties of the year we were uThJersFent against forecast by e£1800. having completed all majorproiectswhth We￿ included in theofiginal IxeL The supwrt from the Government and contracts'ng wrth P￿￿th Crty Courtil helped sgniftcantly but it was the charitvs ability to ￿SpOnd quickty, to adapl to reduce sFeTrJing and to seek out opportunitie5 for new revenue streams which enabled us to end the year in the position we had planned for. We hope that 2021 will see the beginningsof a reCoVeryt￿t expectit will beslowand ste. Whilst COVID has significantw reduced income and actmty levels, charity has remained open ar￿ operational throughout and is abletocontinueto prowde a semce. Thecharity has adapted itsdelivery and reviewed its structure and resources to ensu￿ that it remains a s%)ing concem. We are now in a position whereby the UK is well underwaywith itsvaccination prosyammeand whilst I￿re maybe rK)end to COVID itse￿, it is expected thatwe will see a resumption of some fom of 'rK)rmalitV from eartysLKnffr into ￿ autumn of 20 and that the impacts of the viruswill lessen overtime. In a worst<ase scenario whereby we were to See arK)therwave of infettKJn and a retum ro'lockdown,. the charity has sufficient reserves to remain 0￿ratIonal for a triod of 5 years. These calculations exclude substantial legacies we are due to r￿1ve in 2021 which woukl increasethe ￿rIOd of ts.me thecharitycould remain operational in a COVID crisis situats.on bya further2-5 years. P8ge17

The breakdown of reserves is asfollows: Value General £423.395 Designated Restricted £200.000 £8.218 It is intended that the charity will retsin free reserves Suff￿lent to (x)ver 12 months core cost4 representing the amount to be retained to coversabries etc.Tl* remai￿ler isto be utilised towards the planned expansion project which is currentw estimated to cost in the region of £8m. Based on the 2020 financial statements. 12 months core costs are expected to LE £250K. Page18

1. STRucfuRE ERNANCEAND MANAGEM Hearts Together is a charitable incorporate(l organisatx)n (CIO). ￿(Stered as a charity on 29th April 2019 ar which is governed by its constitution. The charity is ope(ated by a management commrttee which includes the Trustees. Thecommittee meetsa minimum offourtimesa year. New Trustees are recruited as pw the chariws Trust￿ Recruiunent Policv and when appointed are briefed on their legal obligations under charity law. As part of their induction programme. they meet with other Trust￿ and key members ofstaff. All trusteesgive their timefreety a￿1 noremuneration ¥¥as paid toTrustees in theyear. The board receive quarterly managementaccounts wh￿h are rewewed ateach respective board meeting. Specifie projects are discussed mre frequently aThJ monitored elo+ committee meetings and board bjsiness meetings. Board memtxrs haveSFeCif￿dutles in thenJnn1￿0f the CharItya￿ 108etherwith OFerational staff. have regular work level disujssiongroup meetirEs toertsure bestpraCtl￿3nd totr8ck the progress of the charity. Teamwort is vital if we are to achieveourambitions and to remain a secure charitsbk entity. In support of this alm, succession planning and regular t¥)ard ￿lewS take pl￿ al¢Jngside trustee appraisaL8 With a commitment to support and develop board memters onan on%oin8 basts. Registsred Charitynumbar 1183181 pri￿¥paI addre 7Blunts Lane Derriford Plymouth Devon PL68BE Tntstees RAnuobus Joint Interim Chair I Smith Joint Interim Chair R Harder T Richardson M Bennett (resigned1.6.20) Mrs N Thielmann NROY J Stratton (resigned 32.20) MrsLHardingCEO Ms A Buia (appointed 26221) M J Foundly(app)inted 26.13) Page19

IndependèntExaminer lan Barrett FCAFCIE Barretts Chartered Accountants& Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ122JS The trustees are reswnsible for Kyeparing the Rew Oft￿ Trust&s ar¥J ￿ financial statements in accordance with applicable law aThJ Unitaj KtngiS)m Actountiry Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Er£land and Wales. t￿ Charit￿$ Act 2011, Charity (Accounts and Reports) Regulations 2008 and the prowsions of trust deed requires the trustees to prepare financial statements for each financial year whichgive a true aThJ fairwewof stateof affairsof thecharityand of the incoming resources and application of resources. including the income expenditure. of the charity for that period. In preparing those financial statements. thetrustees arerequired to select suitsble accounting polic4es and t￿naPP￿theM consistenty, observethe methods and principles in the ChartySORP.. makejudgements aThJ estimates that are reasonable and fxudeni. prepare the finarcial ststements on goin8 concem basis unless it ts inappropriate to wesume that the charitywill continue in bus1r￿. The trustees are reswnsible for keeping accountirE record5 which dI￿10$e wth reasonable accuracy at any time the financial PKJSition of the charity and to enabk them to ensure that the financial ststements comply with the Charities Act 2011. the Charty (Accounts ReFQrts) ReSUbt￿n5 2008 and provisions of the trust deed. Theyare also responsible forsafeguardirgtheassetsof thecharityand ￿￿for tsking reasonable stepsfor the prevention and detection of fraud and ot￿r irregularities. Approved by Order0ft￿ board of trustees on_.. arKJ signed on its behalf by.. Tnjstee Page110

NDEPENDENT EXAMINER'S REPORTTO THETR EES OF HEARTSTOGETHER I report to the charity trustees on my examination of the accounts of Hearts Together (the Trust) for the year ended 31 December2020. Re$ponsibiliti8swdbasisof report As rhe charitytrustees of the Tnjst you a￿ responsibleforthe preparation of the acc(yJnts ir) accordance with the requirementsof the Charities Act2011 CtheAct?. I report in respect of my examination of Trust's accounts carried out utxler section 145 of the Act and in carrw'ng out my examination I have folk)wed all applicable Directio￿ given by the Charity CoMmi￿10n U￿er section145(5)(b)of theAct. Indopendent examiner'sstatem•rt Since your charity's gross income exceeded £2SO.000 your examiner must ￿ a member of a listed body. I can confirm that l am qualified to undertake the examination Ixause l am a registered member of FCA FCIE which is one of the listed bodies. I have completed my eXaminat￿n. I confirm that m material matters have come to my attent¢on in connection with theexaminationgiving mecause to belwethatin any material respect: a¢countins recordswere not kept in respect of theTrustas required bysection130 of the A¢L' or theaccounts do notaccord with thoserecords; or the accounts do not Comp￿ with applicab￿ r&jui￿rnents ¢oncernirs the form and content of accounts set out in the Charities (Acojunts and ReForts) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have comeacross noother matters in connecti¢)n with the examination to which attention should bedrawn in this rewrc in ordertoenablea properuThJerstsndingof theaccountsto be reached. lan 8arrett FCA FCIE 8arretts Chartered Accountants& Chartered Tax Advsers 22 Union Street Newton Abbot Devon TQ122JS Date.. Pagel ii

HEARTS TOGETHER STATEMENT OF FINANCIAL ACTIVITIE for the Year Erxjed 31 Decem r2020 Period 29.4.19 to 31.12.19 Tot21 funds Year EThled 31.1220 Total funds Unrestricted ftjnds Restricted funds Notes INCOME ANO ÉNDOWMENTS FROM Donations and legacies 47376 19,990 Charitablèo¢tiviti Provision of accomm¢)dation Sundry income Grants 12&748 97274 IA748 97274 172,340 17.768 526 Othertrading activities Investment income 6.255 22,407 1,002 1990 Totsl 258.117 26 279.643 233,507 EXPENOITURE ON Raising funds 150 39.239 Choritable•¢tivity Provision of accommodation 21.479 307,757 189.184 Other 37.796 19,034 Tatal 347,796 21.629 369.425 247,457 Netgains on investrnents 239 NET INCOMEI{EXPENDITURE) (89.679) 003) (89,782) 03.nl) RECONCILIATION OF FVMDS Total fUnd9￿tfOrward 711074 rna95 735,106 TOTAL FUNDS CARRIED FORWARD 8218 .613 71,395 The wtes form partofthesef1na￿lal statements Pagel12

HEARTSTOGEfHER BALANCESHEET 31 December 2020 2020 Total funds 2019 Total funds Un￿strICted funds Restricted funds Notes FIXEDASSETS Tangibleassets Investments 49￿53 l242 49MS3 1242 56,873 2.242 59,115 CURRENT ASSErs Stocks Debtors Cash at bank 10 39,371 657,611 8218 569.164 617.149 697,766 CREOITORS Amounts falling due wrthinoneyear {45W9) (45.849) (35,486) NET CURRENT ASSETS 571Jl)O 8A18 S79￿18 662280 TOTAL ASSETSLESSCURREwfLIABILITIES 8218 &31.613 721,395 NEf ASSErs 8218 1,613 721.395 FUNDS Unrestricted funds Restricted funds 12 713,074 8,321 8.218 TOTAL FUNDS 631.613 7a,395 e financial statements were approved by the 8oard of Trnstees and authorised for issue on and were Spa￿ on ts behalfby.. Trustee The notesform partof these financial stsrements Page l 13

HEAFifsTOGtrHER NOTES TO THE FINANCIALSTATEMENTS forthey rEnd r202 ACC¢)UNTINGPOLICIES Basisof preparingthefinanciolststements The financial statements of the charity. wh￿h is a Wb1￿ t￿efit entity under FRS ioa have been prepared in accordance with the charit￿ SORP (FRS 102) 'Aecountirvg arKJ Reporting by Charities.. Statement of Recomrnended Practice appluble to charttie5 preparingtheiraccourTrts inaccordance with the Financial Rep)rtins Standard applicable in the UK and Republic of I￿land (FRS 102) (effective 1 January 2019).. Financial ReFJ)rting Standard 102 'The Finat￿la1 Rewrting Standard applic2bk in the UK arKI Republ￿ of Ireland. and the Charities Act 2011. The financial statements have been Prepared under rhe historical cost convent*on, with the exception of investments which areincluded at Market￿alU< as modified bythe revaluation 0f￿rtain assets. Incom• All income is recognised in the Statement of Fina￿la1 Activities orce chariry has ents'tlement to the funds, it is probable thatthe incomewill be received arxl theamount can be measured reliably. ExpwKllttsre Liabiliiies are recognised as expenditvreas 500nas t￿ is a legal or¢of￿trUttive obligation committing the charity to that expendiiure. it is probable that a trar￿fer of economic benefits will ￿ required in settlement and the amount of theobligation can be measured reliatty. EX￿e￿Ilture is accovnted for on an accruals basis and has been classified under ￿￿dings that asgregate all cost related to rhe category. w￿re costs cannot directly attributed to particular headingsthey havebeen all(tsted to activities ona basis consistentwith the useof resources. Tangibl• fix•d Depreciation is provided atthefo11ov￿ThJannUatrateS inorder towriteoff each assetoverits estimated useful life. Improvements toi)rorerty atvarwng ratesoneost Fixtur8sand fittirgs 20%on cost Stoc Stocks are valued at the bwer of cost and rt ￿lis#￿e wdlue. after making due allowan¢e for obsolete and slow movingitems. Taxatlon The charity is exempt from tax on itscharitableactiw'ties. Fund accounting Unrestricted fundsean be used 1n￿)rdanCe￿ththechèritab1eobj"ectlYeS3t the discretK)n of the trustees. Restricted funds can only be used for particuL8r ￿strICted purposes within the oLyects of the charity. Restrictions arisewhen specIf￿d bythedonororwhen fundsareraised forparticularrestricted pU￿s. Further explanation of the natu￿ and purrK)seof eachfund tsincluded in rK)tes to thefinancial statements. Pagel 14 continued...

HEARTSTOGUHER NOTES TO THE FINANCIAL STATEMENTS- continued fortheyear Ended 31 Decembèr2020 OTHER TRADINGAcfiviTIES Period 29.4.19 to 31.12.19 Year£￿10d 31.1120 Fundraising events Sale ofgoods &seNices Sale of defibrillators 3.985 181 18.241 4.715 22,407 INVESTMENTINCOME Period 29.4.19 ro 31.12.19 Year Endad 31.12.20 Dividends Bank interest 63 939 1.002 TRUSTEES, REMUNERATION ANO BENEFITS The CEO, Liz Hardin& has been apKointed as an ex-officio tnjstee by the trustees. constitution of the CIO allowsfor this appointment andthat she may be ￿mUrerated for her role as CEO. The remuneratson paid during the yearwas £45.763 tO8ettr*r with pension contributions of A,748. None of the remunerationwas paid foractiryas a tnjstee. No othertrustees received any ￿mUnera￿"0n0r benefrts. Period 29.4.19 to 31.12.19 Y¢arEnded 31.1220 Trustees, experses STAFF cosrs Period 29.4.19 to 31.1219 Yw Ended 31.1120 Wagesand salaries IT3.658 106A81 1T3,658 106,881 Page l 15 continued...

HEARTS TOGETHER NOTESTO THE FINANCIAL STATEMENTS- contiThJed forthe Year Ended 31 December2020 STAFF COSTS-¢ontinued Theaverage monthty n￿rnt￿rOfeMplOyeesdurinstheYear was asfolbws.. Period 29.4.19 YearEnd8d 31.1120 io 31.12.19 Hotel and administration Noemployees received emoluments in excess of£60,000. COMPARATIVES FOR THESTATEMEfrrf OF FINANCIALACTivrriES Unrestricted funds Restricted funds Total funds INCOMEAND ENDOWMENTS FROM Donations and legacies 18,990 1,000 19,990 char1table￿I1vItlOs Provision of accomModat￿n Sundry income In340 17.768 172,340 17,768 OthertradingactNities Investment incorne 22.407 1.002 22,407 1,002 Total 2W07 1,000 233.507 EXPENDITURE ON Raisin8fuTrJs 37,007 a232 39,239 Charitableaetivities Prowsion of accommodation 183,516 5,668 189,184 Other 19,034 19,034 Total 239.557 7.900 247,457 Netgains on investments 239 Nrr INCOMEI{EXPENDITURE) (6.811) (6,900) 03,71) RECONCILIATION OF FUNDS Total 1undskn￿ht forwvd 719085 15.221 735,106 TOTALFUNDS CARRIED FORWARD Tr3.074 8.321 721.395 Page116 continued...

HEARTS TOGETHER NOTES TO THE FINANCIAL STATEMENTS- continued forthe Year Ended 31 De￿mber2o20 TANGIBLE FIXEDASSETS Improverr￿ts Fixtu and fittings Computer equipment operty Totals Atl January2020 and 31 December2020 10M) 164385 DEPRECIATION Atl January2020 Charge for year 35J14 4.414 61199 107,512 7.020 At 31 De¢ember2020 64005 114.$32 NEf BOOKVALUE At31 Decemtrer2020 4T3 49.853 At31 December2019 5a9T3 3.079 56073 FIXED Assrr INVESTMETrirs Listed investments MARKETVALUE At l January2020 aTrJ 31 December2020 1242 NEf BOOK VALUE At 31 December 2020 1242 Ar31 December2019 2.242 Therewere no ￿vestMentaS$ets OutS￿e the UK. STOCKS 2020 2019 Stocks 784 io. OEBTORS: AM¢XINTS FALLING DUE WITHIN ONEYEAR 2020 2019 Trade debtors VAT Prepayments and accrued income 28,715 14.207 13,281 29,912 9,459 56.203 3937 Page117 continued...

HEARTS TOGETHER NOTESTO THE FINANCIAL sfATEMENTS- continued forthe Year Ended 31 Oecember2020 CREDITORS: Amoumfs FALLING DUE WITHINONE YEAR 2019 Tradecreditors Taxation and Sc￿121 security Other creditors 36.743 3302 5.804 10,236 16,277 8,973 45.849 35.486 MOVEMENT IN FUNDS Net movement infunds Transfers betW￿n funds At 31.1220 Atl.120 Unr8strictgd funds General fund Defibrillators General fundraisinglevents Cath Lab S87￿ 004.679) 21051 125.131 (21051) 003.080) 608395 15.000 15.000 713.074 (89.679) 623,395 R•strkt•dfir Rame Head Fund Awards forAII Screwfix 344 7.977 344 7.827 47 oso) 47 8a21 8.218 TOTAL FUNDS 631,613 Net movement infunds, inclvded in theatoveareas follows.. Ir￿MIr resources Resources expended Movement in funds Unrnstrictod ￿rNI* General fund Cath Lab 243,117 15.000 (347.796) 04.679) 15.000 258.117 (347,796) (89.679) Restrlctad I￿ld¥ Awards forAII Screwfix National Lottery oso) (4.953) 6,526) (150) 47 16x6 526 03) TOTAL FUNDS 279.643 (369.425) 89.782) Page118 continued...

HEARTSTOGETHER NOTESTOTHE FINANCIALSTATEMENT for theyear ErKled 31 De inued MOVEMEKfiN FUNDS- contlbMd c￿ParatIVeSfOrMov•fflant•n funds Net movement in funds At 29.4.19 At 31.12.19 Lhwestrictod funds General fund Defibrillators General fundraisinyjevents 594.754 051 103.080 (6,811) 587,943 22,051 103.080 719P85 (6,811) 713,074 Regtricted funds Rame Head Fufyj AwardsforAII Defibrillators Camelford 344 7.977 8367 5.195 1215 (390) (5,195) 6.900 8,321 TOTALFUNDS T85.106 3,711 7a,395 Comparativenet movement infunds, Incl￿ inthe8￿0Veare8Sfoll0wS.' Incoming Resources res(￿rCeS experKled Gains and losses Movement in fund5 Geneml fund 231507 (239.557) 239 (6,811) Restricted fund Tescogrant Awards forAII Defibrillators Cameiford 1,000 0,000) (390) (5.195) 15 (390) (5.195) 1.000 ,900 6,900 TOTAL FVNDS 233507 47.457) 239 3,71 Thegrantfrom Screwfixwds toassistwithtr*(xJsiof insta1lingkitctw￿ttes in some of the hotel rooms. Page 119 continued...

HEAKfSTOGEtHER NOTES TOTHE FINANCIALSTATEMENTS-(x)ntinued ed31 D r2 1& RELATED PARTY DISCLOSURES Hearts Together CIO has a lease agreement wtth Heartswell South West Ltd for the rentsl of the propety from which the charity op¥ates. T1￿ charity will pay annual peppercorn if demanded for the term of twoyears beginningon 2OthAU￿st 2019. Page120

HEARTS TOGETHER DETAILED STATEMENT OF FINANCIALA fortheyear Ended 31 December2020 TIVITI Period 29.4.19 to 31.12.19 YearEnded 31.12.20 INCOME AND ENOOWMEfrrrs Donationsand lega¢les Donations Legacies 15.850 .000 19,990 25￿50 19,990 Othrtradinga¢tivill Fundraisingevents Saleof goods &services Saleof defibrillators 3.985 181 18,241 4.715 6255 21407 Dividends Bank interest 63 939 1.002 Choritablo activltlos Accornrnodation income Electric feed in tariff CathLab Orher Covid-19 support Irrecoverable VAT Grants 125.748 15.612 ISOOO 628 172.340 8.720 7.500 599 949 21,526 244 190,108 Total Incomiityr•sourco¥ 233507 EXPENDITURE Othortradingactiviti8s Goods purchased for re-sale Event fundraising costs Newsletterand pU￿1C￿Y costs 23.557 315 37.710 1,117 412 23￿72 39,239 Charitableactivities Wages Carried forward 173.658 173.658 106.881 106.881 This page does rKJtfomi partoftheststutoryf1nar￿lalst3teMents Page |

HEARTSTOGttHER DETAILED STATEMENT OF FINANCIALACTIVITIE fortheyear Ended31 De￿mber2lT20 Period 29.4.19 to 31.12.19 Year Ended 31.12.20 Charitableactivities Brought forward Otherofficeexpenses Hospital transport Interest payable Depreciation of fixed assets Donations Counselling sessions Premisescosts 106,881 25,429 2,500 1,471 3,563 11000 2,892 34,448 16.624 634 108.OS6 307y) 189.184 Supportcosts inance Trustees, expenses 217 Gov•rnanC•C￿ts Accountancy, legal and pyofessK￿￿1 fees lffecoverableVAT 19.034 3a37 37.796 19.034 Total resourcesexFer*J&J 369.415 247.457 NetexwKllture 3,950) This page (kies notform partofthe ststutoryfinartial statements Page122