NW Hearts Charity REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED31 MARCH 2025 Charity Nurnber 1194189 NW Hearts Charity: Report and Accounts 2024-2025 Contents Contents Trustees. Report and Fbnandal Statements for the year io 31 March 2025 Obiectives and Activities of the Charity Structur8, Govemanc8 and Manag8m8nt Finantial Revièw 11Pag8 NW Hearts Charity: Report and Accounts 2024-2025 Trustees, Report and Financial Statements for the year to 31 March 2025 Registered Charity Number 1194189 Prlncipal Office: Suite 246 Peel H￿Js8 30 The Clowns Allrincham WA14 2PX Trustees at the date this report was approved Dr Niall Campbell (Chair) Susan Weighell (Treasurer) Dr Sanjay Sastry Abigail Prabhakar John O'Shaughnessy- appointed 0311012024 Emma Cookson- appointed 2910412025 and resigned 0910712025 Banker5 Barclays Bank PLC 48-50 George St Altrincham WA14 1RH Independent Examiner Mitchell Charlesworth 44 Peter St Manchester M2 5GP 21Pag8 NW Hearts Charity: Report and Accounts 2024-2025 Objectives and Activities of the Charity Our purpose Our aim is to lov￿r Ihe impact of heart disease for people living in Greater Manchester and the surrounding areas. We'll do Ihis by supporting and promotsng excellence in praclice lor heart dlsease prevention, treatmenl, facilities, research and education. This will improve the lived experience and lèvel of care available to people wlth heart disease. their relatlves. ¢arers and staff. Activlty in 2024-2025 We have had a year of ￿gn￿eaThI development arml extènded our reach significantly. We have embedded our relatbonships wlth cardiology professionals in hospitals and in primary care settings and developed corporate relallonships with local and regk>nal businesses. Our rr*mb8rship with 8uslness Network Intemaliorrdl IBNI) has been particularfy successful. We have been able to award and administer tw￿ gr8nt-maklr*3 rounds during this year. lunding a total of 8 projects 8cros5 Greater Manchester. We have d8monstrated our commitment to support both NHS colleagues and community partneT5 in the range of grants allocated. In addition. we have developed a library of Condition-specif￿ pats'ent leaflets which have been favourably received by palients, families and staff alike. We intend to continue lo add further Subjects over the next 12 months. In October we increased our trustee board with the appointrnenl of an experSenced ITI technology lead. His experience has supported us to be¢ome more cyber resilient and helped us to utillse CRM systems in a more effective vray. In Fèbruary. we wére abl8 to host I￿r inaugural Heart Excèllence évent in central Manchester. This was attended by our supwJrteTS, local business personnel and 8 range of dini¢i8ns and proved lo be 8(Yn8thing we intend to C8lebrale 8nnu811y. As we look lowards the nexl financial year, we have klentir￿d several pri(Ktlies for fund- raislng and growth. We intènd to strengthen our trustee board vAth the appo4ntrnent of a Iru5tee with dwilal markets'ng experts'se. diversfy our work to include direcl beneficiary projects aTrJ ￿ntInUe to rasse ￿Jr profile ihrough a range ol key communlty actlvlties. 31Pag8 NW Hearts Charity: Report and Accounts 2024-2025 Structure, Governance and Management The charity is a Charitsble Inc4)rp(nted Organlsation (CIO) wistered on 22 April 2021. Public benefit In shaping our objectives for the yèar and planning our activities, the truslees have conS￿ered the Charily Commission's guidance on public benefil (Charitable Pur -￿SeS). As its main activity, Ihe category that our work falls into is '6. The advancement of health or the saving of Ilv8s' Governance The chafTty CUrren￿Y has 5 trustees. An annual review of the trustees. attendan￿, ￿gagernent and knowledge is carried OLrt to ensure that a broad range of skills. 8xpertiS8 and interest is available to guide and govem the ¢harity. The ¢harily has identified a skills gap within the marketlngl advertising field, and we are now looking lo recrult a suitably experienced individual in order lo complement our exlsling board. All potential Iruslees will meet with the Chief Execullve before a proposal Is made to the ly)ard, Polential trustees wlll be Inwted to part of a general board meetin9 before being nominated armj accepted by vote. All trust8es rec8ive a structur8d induction to th8 organlsation and this Indudes 8 copy of th8 Charity Commission's information tKK)klel 'The Essentlal Trustee.. All trustees are enc(KJraged to undergo development aCti￿tieS Ihroughout the year. whl¢h is recorde(I within a trainin9 and development log. whlch is rev￿Wed annually. These activrties may be completed ￿thIn their own Y￿rking environment. personal life or for ott￿r charities in which they are involved. Training and development aclivity may include private reading, meeb.ng with 'expert5' and a whole range of actsvibes. in additson to any formal events. sessions and activities. Al presenl. all trustees are engaged in all aspects of the runnlng of the charity. As the char4ty grows and the board size increases. il is envisaged that subthcommittee groups may be formed. Key Management The board has delegated significant authority to the Chief Executive who has the scope and responsibility for the planning. difectin9 and controlling of the activities of the charity on day-to-day basis. Remuneration Our trustees gfve of their time freety and no trustee received remuneration in the year. The pay of the slaff is reviewed annually. In view of the nature of the charity. the truslees benchmark against pay levels in other chanlies of a similar size. We do not have any employees wilh a salary exceeding £60.000 per annum. 41Pag8 NW Hearts Charity: Report and Accounts 2024-2025 Financial Review We are in a strong financial position and our balar￿ will enable us lo grow lo becorne a sustainable organisation over the medium terrn. We acknowledge that our expendllure currently outweighs the income generateil. although we are pleased to report that both ino)me and expendilure falls within the expected fevels and we are on track to achiev8 our obj8cliv8 of covering all operational costs by March 2027. Reserves Policy The trustees reccgnSse that there are financial rlsks aSs￿lated with the charity and have. Iherelore, set a reserves policy to maintain the commitments of the chanty, including any promised grant payments. for a peritxl of up to 6 months. This equates to £25.000 - £30.000. The board ￿11 manage expendbture to ensure that reserves do not drop below thls level. Investment Policy NW Hearts Charity has elected Brown Shipley, a Pflvate bank to hold funds nol immediately required, The funds afe invested al dlfferenl levels ol fixed tems. The Board has delegated this responsibllity to our treasuref to adminlster. and a ￿TItten report for the board Is prrmjuced quarterly. Exc8ss funds Immediat8ly requirèd In thé curr8nt account aré transfèrred to a sav1r￿S ac(wnL Risk Management The charity upholds a risk policy. as a ft)nnal ackn￿edgement that the trustee board is committed to maintaining a strong risk management framework. The policy ouuines the risk management strategy. whi¢h comprises a risk Identification documènt, evidence of miligalion and a protocol for board dI$￿5810n of ￿Idual risk. Thi5 document 1$ rewewed annually. 51Pag8 NW Hearts Charity: Report and Accounts 2024-2025 Statement of Trustees, responsibilitie5 In th8 attach8d accounts set OLrt on pages 7 to 12. the Trusteès hav8 prèpared finandal Statements for the year lo 31 March 2025. In preparing such statements the Trustees are required to: select suitsble attounung polides and apply them conshstenlly: make judgements aThJ estimat85 that are reasonable and prudenl; • stste whether applicable accounting standards and statements of recommen(led practice have be8n followed. subj'ecl to any departures dlsdosed and explajned In Ihe financial slaterf*nts.' and preparè th8 financial slateff*nts cffl lh8 going concèm basis unl8SS it is inappropriate to presume the Charity vill continue in its operatK)nal existence. The Trustees a￿ responslble for keeping proper accounting records vthlch disclose wlth reasonable accuracy at the tsme the financial position of the Charity and to enable them k) ensure thai the financial statements comply with Ihe Chanties Act 2011. They are also responsible for safeguarding the assets of Ihe Chanty and hence for laking reasonable steps for the prevention and deleclion of fraud and other irregularities. 28.09.25 The report was approved by the trustees on behalf by.. and signed on Its Niall Campbell Chair Susan Weighell Treasurer 61Pag8 NW Hearts Charity: Report and Accounts 2024-2025 Independent Examlnerfs Report to the Trustees of NW Hearts Charlty I report lo the charity trustees on my examination of the accounts of the charity for the year ended 31 Marth 2025 which are set out on we5 8 to 13. R?spon•ibilltl•• and basis of rnport As the charity's trustees you are respMsibl8 lor the P￿paraly)n of the accounts In acwdance with the requi￿rnents of the Charities Act 20111'the Act'l. I report in respect of my examination of the tharity's a¢¢ounts Carried out under se¢tM>n 145 of the A¢t arKt in e4rrying ¢)ut my examinalion I have followed all the applicable Directions glven by the Charity Commission under section 145(5llbl of the ACL Indgpend•nt ?xamlnerfs sLthmont I have completed my 8xaminatKJn. l (x)nfirm thal no materiBI matters have tx)m8 to my attent￿n in conne¢lion with the examination giving me cause lo believe Ihal in any malenal respect: 1. accx)untsng words were not kept in respecl of the charity as required by section 130 of the Act,. or 2. the account5 do not accord V￿th those rewrds: or 3. the accounts do not comply with the applicable Tequlrements concemlng the fonn and conlent of accounts set out in the Chanlies IAccoun15 and Reports) Regula14ons 2008 other ihan any requiTemenl thal the accounts give a 'true and fair view. whith is not a matter considered as part of an independent examination. I have no concems and have Come across no other matters in Conned1￿ wlth the examination to which attention should be drawn in lh￿ report in order to enable a pro understanding of the accounts lo be reached. Jamlelee Johnston CA Independ•nt Examln•r Mltchell Charlesworth IAudlt) Llmltod 3rd Floor 44 Peter Street Manchester M2 5GP 71Pag8 NW Hearts Charity.. Report and Accounts 20242025 Accounts for the year ending 3110312025 ststement of Flnanclal A¢tlvftle$ for Ihe year ended 3110312025 2025 2024 DOnat￿S aTrJ Woes Incor￿ from charilablB acbvitie5 In¢on* Irom invèstments Inco￿ from Iradirva acuvit Tolal Incom• 22.303 8.975 27.225 Y2.303 8.975 11.679 2,07S 58.509 13.754 EX￿￿￿11￿1* on.. RS￿Ing funds Trading actwi chari1&￿e 8¢bvrf 10.824 10.824 154,971 154,971 71.957 Totsl •xp•Ad￿uI• 165.795 165.795 73.157 NBI inL¥)￿lle￿pe1mjIts&roI 11072861 1107.288 159.4031 Transfer5 t¢hveen funds P4*t mo¥ement In fvnds 1107.2861 1107.2861 159.4031 Total fvnd5 ￿oUght fcfward 899,216 100,tM]o WJ.218 1,158,619 TO￿ fvnds f(Mw8rd 791,930 100,1KXJ 891,930 1.099.216 NW Hearts Charity.. Report and Accounts 20242025 Accounts for the year ending 3110312025 Balance Sheet as at 3110312025 Curr•nt As••¢s 08btus and prÉp2yff￿1S Cash at b*k ￿nd 20.788 875.369 896,157 1.495 L.CW.186 Currgnt Uablllll•¥ .227 2,465 P4•t ¢urv•nt aM¢ts 891.930 999,216 891.930 999,216 The fvnd• ofthe chadty 005vJnaied i¢xJ,u triciad fvnds 791,930 899,216 Total charfty funds 891.930 999.216 28 09.2025 Apr*ov*l by lh• tru$ls•s f siwl t*hall by kr~A Char Trusi88 NW Hearts Charity.. Report and Accounts 20242025 Notes to the accounts for the year ending 3110312025 11 Accountlng poll¢hs a) Basts olprnpwatk)n The fina￿￿￿1 ststements hav8 pr8pared in arLordanr* wth AceThJnbro and RepNtsro by Cha￿8.. Ststement of Recommended Practice applicAbl• to charits•s FTrparirvJ accounts In gccordAnc• wth th• Fin9nciql R•porbry Standard applicab￿ in th• UK And Republic of Ireland IFRS 1021 leffeclive 1 January 20151. IChatitse5 SORP IFRS 10211. thB Finan¢ial RekY)rbng Slandard ap￿￿ble in LIK and R&publK of Irdand IFRS 1021. NW Hoorts Charity m¢ots the dofinltK)n of a publ1¢ benefft enity undor FRS 102. Assets l￿bIllIeS aro inilally rgco9ni9ed at histori¢al co$i or transactk)n Val￿ unw ¢lh8fyMSO $lthd in tho wknvani 8¢a￿ntir￿) rK4k nolelsl. Th8 financ￿81 stateff*nts 8f8 yep8red on a ￿Ing t￿coM bagis There a￿ no m8t8rial unc￿rtain#8$ in respect of Ihe th8rty6 8biliMyto C￿tinUe a5 8 gouing concern for the for8see8ble future. b858d on latest str8t8gic ￿n5 and financkgl budgets. b) Don8llons andorants Ek>nabM5. ￿nts otsr fLVm olvdunlary ar8 fOL¥)wiswS as intyJry4llg re50Ufces rK0iv8b￿. c} Donated qoodE seryir Intangible Infxyn8 wh￿h ctsmpdsed donat8d wls and saf¥1￿, Ls InclLk1&Y al 8 vakjatton Is an eslknat&of th8 finBnclal rA)8t tM)me bythe dDnor %*ther8 such cc*t is qvanb"fkqbl& and rrtsa8urable. NO inccffle reccwwd Ihere 15 ￿ financiBI c￿1 by tha Ihird dl ExP￿dit￿re andllrec0v8r8b￿ VA T EX￿ndrtUre ts recognis80 onc8 there 18 a kgal or con5tsuth8 oblvJ8lon to make a p8ymenl to a third paty. it 15 prC&8￿e Ih8t s8tUem8nt wll be required anLS the aT[￿U￿1 of Ihe thlgatw ¢an be meosured relraiAy. lffècovw#N8 VAT ig charg80 as a cost agoinsl xtwity lor whlch IhB 8¥￿ndI￿rg wa5 IT￿¥r￿. e) FundAccountsng Funds held by tho Foundation can be ene d.. l Unwsthcted gen&ol fttnds- Can be used in %*ilh tho F0UtMtsti￿'$ obie¢ts at the dts¢retity) of th8 Trustees: lil Oeslgnat8d fund5- wfiich aro fvnd5 58t ashle bythg TDJ5186S f¥Jt of urweslricted 98ngral fur￿$ for specific futur8 purk*)$8s or pr4ocls,' ill Re5trthd fund5- 5•1)ith ore fl￿d$ that usod rBsknclBd pury¥)505 *ithin the ￿￿'9c￿ oftho Fwr¥Jakn. NW Hearts Charity.. Report and Accounts 20242025 Notes to the accounts for the year ending 3110312025 21 Don*tlon8 and l•gacl•s Totslfvnds Totsirvnds 2025 2024 19.115 I,(YJ9 1,897 192 19.115 11.679 Grfis In Kmd io 1,897 192 Patsk e¢*np8ni8s ZZ,303 22.303 11,679 31 Incomo from Inv•stm•nl* 2Q25 2024 Bank Intwest 27,ZZ5 27.225 Z,075 Total 27,225 27,225 2,075 41 Exp•ndltur• on raSslng funds 2025 2024 FU￿raiSi￿ ¢o$ts Char98& for online dona¥on& Event cos15 I,701 1,701 30$ 8M15 8,815 10024 10,824 L2 NW Hearts Charity.. Report and Accounts 20242025 Notes to the accounts for the year ending 3110312025 Sl Ex￿ndItur• on charltsblg actl¥ltlos rotsifunds Totsi fvmLI$ 2025 2024 Grants F¢eallh Promots)n MarketiThJ and W8b5i Staff costs Legacy Bank fees Insuranc8 A¢covnlan¢y fees Pnnbng & st8b(M78ry Payroll woce55ir¥J fe85 Telepho￿ aftd Int&rni R8¢nJilmenl fees IT sor￿are and xffjsumabl85 Subscnpbon Rent Ir(M)m hlrel Travel expenses siaff tralnlng Goveman¢* Postage Volunle8r Go515 81.324 4,5a4 6,863 51,794 500 266 381 81.324 4,534 6.863 51,794 5(X> 266 381 1.560 201 25.620 2,617 28.480 138 61 350 720 170 201 390 169 4,675 1,886 305 275 275 2,489 2,489 I,OZ8 1,606 725 420 1.028 1,6C 125 d20 716 811 1.135 24 163 35 764 165 35 764 Ico Profosswa1 sor￿¢86 154,971 154,971 71,957 61 Oth•r d•btors and pr•paymènts 2Q25 2024 Deposit for evenl Accrued inlerest InCOw￿ due Irom a￿1￿ Prepa￿￿ents Total IN63 18,E37 1.061 127 20,788 1,495 1,495 71 Cr•dltors- amounts fallln9 du• wlthln on• ￿ar Trade cr￿rf￿5 A¢Gruds aThJ defwrod iTKc¥ne Paye due Pens￿ c To¢ 467 1.714 1,629 417 4,227 2,465 NW Hearts Charity.. Report and Accounts 20242025 Notes to the accounts for the year ending 3110312025 81 Stst•m•nt of funds Tr•nsl•r Unr•sirtct•d un￿sIr1e1ed lunds 899,216 5&509 1165,7951 791,930 R88earch proi8d8 l(K),Ctt¢ icrf),( Tot 999,216 58.509 1165.7951 891.930 Th8 chBrity ￿8￿8 to &*ve grants to prq8rA8 In1ITr8 with Iheir airrfj and has de81gnated £100.000 forth1& pury)$8 over th8 next fiTranc1￿ yoar 91 Trust8•8' r•mun•ratlon Tru51ees received no rernun8ra1*￿ ￿ bBnefrts in Ihis pwK