Charity registration number 1201757 Cornpany rpgistralion numberCE031265 IEngiand and Wales) KEEP ME BREATHING ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERK)D ENDED 29 FEBRUARY 2024 KEEP ME BREATHING LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrJ D Oakley Miss S L Roberls Miss E L Lucas Mrs E F Kenl IAppoinled 27 January 20231 IAppoinled 27 January 20231 IAppoinled 27 January 20231 IAppoinled 15 April 20231 Charity number 1201757 Company number CE031265 Reglstered office 83 RowanAvÈnue Hove Englan¢J BN3 7JH Independent examiner Carpenter Box Amelia House Crescenl Road rthing West Sussex BN11 1RL KEEP ME BREATHING CONTENTS Page Trustees. ￿port Independenl examinerfs report Statement of financial acimties Balance sheet Notes to the financial 5tatement5 7-12 KEEP ME BREATHING TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORTI FOR THE PERIOD ENDED 29 FEBRUARY2024 The trustees present theirannual report arHI financial 5taternents lof the periLvJ ended 29 February 2024. The finanual slaiemen15 have been prepared in accovdance with Ihe accounting polKies set out in note 1 to the fin8ncial statements and ¢onw]y wrth the ¢harrtl5 goveming docutnent. the Cotnpanies Act 2006 and "Accounting and Reporting by Chant￿s." Slalemenl of Recommen￿ Prathce apph"r2blè lo thanties preparin9 their accounts in a¢¢ordance wth the Finanaal Repothng Standard aPpI￿Able in the UK and Republic of Ireland IFRS 1021. (effective 1 January 20191. Oblectlves and a¢tivlti*s The tharity se15 Out to advance hea]Ih and save liveslhrough". Prornoting publK awareness of congenrtal f*ntral hyp0venb.la￿oTh syndrome ICCHSI and the issues surrovnding the condition. Promoting or assisiing the proA￿liOn of res￿￿. Publishing or ensuring the publicab.on of the useful rÈsults of such research. Educating the medKal profession. other heatthcare professionals paI￿nIS and their lamd*s and the public at large 8bout congenital central hypoventilatK)n syndiorne. it5 tre3ttnent and as5wated research. Undertaking research to pursue the deyelopmenl of new and ad¥anced treatments. The main a¢tivities that the charity doe5 Ihai enable the above purposes indude" Fundraising events Medra outreach and wider comtnunicalion online Product research and deyeknpmenl Patient and professional netwothing events Public benellt The trustees have p2id due regard to guidance iSSLed by Ihe Chartty CommissKsn in deuding what activities the tharity shoutd undertake. In order lo further thÈ charrty's purposes forthÈ publ￿ ben&fft. the tharity." Or9anise5 media interview5 to explain about CCHS and unrnet need.. Attènds festivals and evenls tD educate al)out CCHS while also rajwng rnoney", Speaks al events such as bu￿ne$S networking meelings". Provides a website providing upto-date informabon and resources about CCHS,. and Undertakes resEarth and Ilevekytnent to ueate etthanced woducls for those affected by CCHS. AchievÈtnÈnt5 and pertorynance The ¢harity ha$ se¢uTrd a wotkj das$ a(fvisory board made up ol len medical. scientific and business professionals. In tolal more Ih8n 130 Scientists. Medical. Rare Disease and HeamhCa￿ Piofes$1ona￿ have signed up lo our Keep Me Breathing Letter of Support. W8 have run over 30 fundraising e¥ents ￿nging from sports thallenges. ¢harty balls. ktal business charity day5, auction5 and musical perfO￿an￿5. We have secured individual grants worth over £50.000 spe¢ifi¢alty to support ou* ￿searCh and devek>pment project5. We have worked with national and l¢)cal media to generaie over twenty piece$ of signthcant media coverage io False awarene55 and educale about CCHS. The charity has attended nurwous ne￿o￿ng events with other paliÈnl groups. hèatthcare professionals. scEntists and buwne5ses. To date over £400.000 h8s been raised lo rneet Ihe main wjrpose of the charty. Ihe research and developtnent ot advanred trealmen15 for CCHS. KEEP ME BREATHING TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORTI (CONTINUED FOR THE PERIOD ENDED 29 FEBRUAR Y2024 The research and devekjprnent team has developed a prototype of an initral woduct and a protocol and frarnework for testing is currenlty being fina￿se￿. Research is also undetway into the develDPTnpnt of a second device. advanced diaphragm pa￿￿. Financlal revlew The charity receNed incorne of £345.092 for the 2023r24 financi￿ pemd. The lolal expènditu￿ of Ihe d)arity ft)r the nod was £32,103. The atrK>Unt of total funds the charity hohjs al the end of Ihe rePOr￿ng period to 29 February 2024 was £312,989. made up of £199.158 restrided and £113.831 unrestsicted fvnds. Reserves policy Keep Me Breathing aims to h¢)kJ an amount as a ￿selve whith 15 iniended io wver regular monthty oulgoings for around four lo five months. induéing financial. tr charges and 51aff c05t5. whKh currenlty amounts lo £35,000. Plans for future periods We ar& progressing our S-year produLa deVe￿prnent plan whKh was developed by Cambrhlge University and backed by over 130 experts ￿1h backgrounds in 9enets"c5. lTEd￿ne. L*nical ￿SeaTch. ellgineering, innovation and business. The implemeTrtation of Ih¢s plan 1$ well undeTh¥ay wilh a te3m of scEntists and rnedKal engineers. who are hamessin9 new technDk)gies such as 3D printing and rap￿ prolotyping lo accekrate our progress. The goal is an implantable biofeedback diaphragm pacer syslern that will be eApabte of sensing autotnalicalw adjusting to the patient's ventilatory needs. 11 won't need a wred connectioTh to an outsk1e ￿e￿ce and works like a cardiat pacer. Plans are also underway around the dinsG31 lestiThg of the dw¢e within a robust prolocol that will provide all Ihe ne¢es$ary SaI￿UardS whilst providing feedback data needed to ensure lonfyterm safety and effi¢a¢y. We are working in aecordance wtth latest regulatory fraffleworks as set out by ￿e Food and Drug Adminislralion IFDAI and the European Union Medical Device Regulation IEUMDRI ￿ ordeT to gain Straightforward Med￿ne5 and Healthrare products Regulatory Agency IMHRAI and elhics approvals for th.n￿1 studies. CE tnatkin9 will allow wder acce5S to the lechnology fw olher¢ondI￿n5 Ihatwll beneffil fTOm tts mc4Je of arlh)n. Ph¥en￿ nerve s￿mUlation. We are also exploring Olher avenues sueh as invÈsligabng cSnical ttial data drour￿ drug5 Ihat have had some posItDie ￿Su￿5 in supporting breathing in CCHS pab"ents. We a￿ working continuou5ty lo grow our neNvork of slakehokjers invesled in supporting us on our producl development journey. boih frorn a dinical, acadernic and bjsiness perspecthve. This support is 9rD￿n0 as our research and development work coniinues lo lake pa¢e. We have added to our learn al Keep Me Breathing srnce the period-eftd hawng taken on members of stafF to support the day-ttrday running of Ihe charrty and in particular to enhance our Communi￿tiOn. lo run fundraising adivilies and lo seek new donors and supporters for our worft. As %Ye a¢h￿ve more fvnding we will look at building on our ieam further. to bttng other skills inlo the organisalion whith will enable us lo work at an even greater pace to realis& our goals. We know there are families around the worfd couThtmg on us lo help them transform their Iwes and we are deeply committed to make this happen as quickty a$ we Can. Structure, governance and management Keep Me Breathing. charity number 1201757. 1$ incotporaled as a thatÈt3ble incorporated organisation ICIOI. registered in England and govemed by its goveming documenl. called Yhe Conslilulion- dated 8 October 2022. The trusiees, who are also the directors for the purpose ol CA)mpany law. and who $erved duting Ihe period up lo the date of Signatu￿ of the financial staternenls were-. Mr J D OaWey Miss S L Roberts Miss E L Lucas Mrs E F Kenl IAppointed 27 January 20231 IAppoinled 27 January 20231 IAppoinled 27 January 20231 IAppoinled 15 April 20231 KEEP ME BREATHING TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) ICONnNUEDI FOR THE PERIOD ENDED 29 FEBRUARY2024 Recruitment and appolntment oftrustees Therè are on5y four cuirent charty trusleÈ5 The tsunoers. Ui J Oakley and Miss S Roberts. plus anoitEr parent wFth 8 child diagnosed by CCHS. Mr5 E Ken, also has skd15 and Èxperbse in matkebng and runnin9 events The fouth IrusleÈ. Miss E Lucas. wotks lor a local large business is wel1-ne1v￿[ke4 in the local aiea All trustees ar8 thosen for th&r interest in the Charrtrfs wY)rk and the skills they aTr able lo prwde to the ch8nty The eh8nty's trustees. its one erry)loyee lertwknyed wsl year*ndl and all ¢ontractors aware of the ¢ttartV$ Prill￿pies a￿d workin9 ffarn.ework as Set out Wtthin ts Consts"lutian. especially in relatK)n tc hnanoals". benefits and paymenis in￿U41nQ appropriate use of thÈ chatty's ftjnds bwen p8ying for goods and seprfres {eqU￿e￿ by the charity. There is an expense POlKy n pla(s trj cover use ofexper￿S by tIU5tees and its em￿Oyee. The Irustee$' weFx)rtwas apFwed bythe Board ofTrust&s. Mr J D Oakley Tru6tee Date". KEEP ME BREATHING INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KEEP ME BREATHING l ￿pOrt to the tnJ5tees on rny exarnination of the ffinanfy￿ stslements ol Keep Me Breathing lihe charity) lor the riod ended 29 February 2024_ Re$pon$lbllitie$ ba515 of report As the tsustees of the Charity laThd also its directors for the purKK)se$ of cotnpany lawl you are responsible for the preparabon of the finanual $lalements in ac￿￿4￿(e with the requirements of the Companiès Act 2006 Ilhe 2006 Act). Having satisfied myself that the financial staien*nts ol Ihe charty are not required to be audrted under Part 16 of the 2006 Act and are eligible for independent Èxaminalitsn. l ￿pO￿l in respect of my exarnination of the charty's fmancial staternent5 carried out under section 145 01 the Charit￿$ Acl 2011 Ilhe 2011 Act). In carrying out rny examination I have followed all the appI￿able Diredion5 given by Ihe Charity CommissKJn under se¢bon 1451Sllbl of the 2011 Act. Independent examlnerfs statemènt Since the charity's gross in¢ome exceeded £250.000 your examiner must be a member of a ￿dY listed in setlion 145 of Ihe 2011 Act. I confimi that l am qualfftd to undertake the examinaknn because l am a member of ICAEW. which is one of the listed bod￿5. I have completed my examinalion. I confimi that no matters have corn8 lo my altentK)rs in connectK>n wth the examination ￿￿1￿9 me cause lo belEve Ihat in any material ￿spe￿.. accounting records were not kept in respeel of the Chatty as reqUI￿d by section 386 of thp 2￿Act,. or the financial statements do not accord wilh those ￿COrds." or the financial slalernenls do not ¢tsmpty with the accounling requirernenis of section 396 of the 2006 Act other than any requirernent that Ihe acrAiunts give 8 true and fair wew vlhth is not a rnattei considered as part of an independent examination", or the finanoal 51alemenls have not been prepared in a¢¢ordan¢e wlh Ihe Method5 and prinriples of the Statement of Retommended Pradi¢e for accounting and reporting by charities applicable to tharitie5 preparing their accounts in accordance wilh Ihe FinanL?al Reporting Standar(l applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have corr* auoss no other matters in connect￿￿ with the examination to whith attentK)n should be drawn in Ihi5 report in order lo enab￿ 8 pmper underStandu￿ of the financral 51atements to be reached. Robin Evans BA FCA CTA DChA Amelia House C￿S￿nI Road Worthin9 West Sussex BN11 1RL Oated.. KEEP ME BREATHING STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 29 FEBRUAR Y2024 Unrestrfcted funds 2024 Restricted funds 2024 Total 2024 Notes Income from.. Donations and legaues Other trading activities 138.451 7.483 199.158 337.609 7.483 Total income 145.934 199,158 345.092 Expenditure on- Raising funds Charitable aclwib'e5 6.020 26.083 6,020 26.083 Total expenditure 32.103 32.103 Nel in¢ome and movement in funds 113.831 199.158 312.989 Reconciliation of funds.. Fund balan￿5 at 27 January 2023 Fund balance5 at 29 February 2024 113.831 199.158 312,989 rhe statement of financial aciNities indudes all gains and h)sses recognised in the period. All Income and expendilure derive from continu￿9 acbvibes. The Ststement of financial activitie$ also ¢¢mp]*s ￿ Ihe requirements for an inrAxne and expendilur? 8ccounl under the Companies Act 21K)6. KEEP ME BREATHING BALANCE SHEET AS A T 29 FE8RUAR Y2024 2024 Notes Curttnt assÈts Debtor5 Cash al bank and in hand 10 500 331.9B9 332,489 CreditOTS.' anKJunts falling due within one year Net current assets 11 11g.5001 312,989 The funds ofthe chaTtty Restricted in¢omÈ funds unrest[￿ed funds 13 199.158 113,831 312 989 The ch8rit8ble con7pany ￿ entrtlÈd lo the exe￿Oi0n from the audit requi"en*nl eornained in sÈCl￿n 477 of CoTnpaniesAol 20ty. 1 or ¢he peri¢xl Ènded 29 February2024 Th& trustees ècknowled9e the.'r reswnsibililies for ensuring tnai the Charity keeps accounliny records comply section 386 of the Act and for prepanftg fir￿n¢la1 stsrertEn15 Vrt¥ch a true and fail view of the slate or 8rfairs of the company as at rhe end of the finan-ial per￿￿ and of its irtotThng resources an(1 applltral￿n of resources, indudin9 rts and exptTrdQure. for the linanaal perio# in ae¢ord8nce with tre requirements of sections 394 and 395 and whrh Olhewse compty wrth the reqUlrern￿nts of the Cornpanies Act 2006 relating to financK81 statements. so far as app￿Ca￿le 10 the company Th& merrt)ers have not required thè eotnpany to obtain an audrt af rts financial staternen15 for the penod in question in accordance wth sedion 476. These fin3nciai staiernents h8ve been p￿pared in accorttancv the provrskins applKats￿ to oomp8nies tsubject to the small companies reglrne. The fina￿181 s18tÈmeniS werè approved bythe Irustees on. 2 fli, 12.1 Mr J D 03k￿Y Trustee Company registrabon number CE031265 (Eng￿nd and Wales) KEEP ME BREATHING NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 29 FEBRUARY2024 A¢¢tsunting poli¢les Charity information Keep Me Breathing Is a tharitabk incorwialed organisaiwin ICIOI incorporated in England and Wales. The registered office is 83 Rowan Avenue. Ho¥e. BN3 7JH. Englan¢J. 1.1 Reporting pe￿0d These are the first fiDafj¢iat slatements olthe chanty and are presented fcr a period longer Ihan one year from Incorporation. 1.2 A¢¢oLrnting convènlion The financial statements have been yepared in accordance wth the charitys goveming document. the Companies Act 20[￿. FRS 102 "The Finanual Reporbng Standard applKabk In the UK and Republic of Iretsnd" I"FRS 102.1 and the Ch31tbe5 SORP -AcuFunts"ng and Reporbng by Charib'es". Slalement of Recornmended Pra¢ts¢e appli¢abk lo ¢harilies preparing their accounts in accordance the Finanoal RÈporbng Standard applicable rn the UK and Republic of Ireland IFRS 1021" leftective 1 January 20191. The charity is a Public Benefil Entity as defined by FRS 102. The charity has taken advantage of the prowsh?ns in the SORP forcharilies app￿.￿9 FRS 102 Update Bulletin 1 nol to prepare a Ststement of C35h Flows. The financial statements are prepared in steding. which is the funcbonal cuffency of the tharity. Monetary amounts in these finanaal 5tatewEnts are r¢)Ur￿e￿ to the nearest £1. The finanrial statements have been prepared under the historical ¢o$t Convention. The principal aceounbng poliae5 adopted are sei out be￿w. 1.3 Going concern At the lime of approving the financ4al State￿EntS. the tr115tees have a reasonabk expectation that the chanty has adequate re50ur¢e5 to continue in operational exislence for the foreseeable future. Thu5 the trustees wnlinue to adopt th& going concern basis of arxountiTrg in preparing the finanual slalernEllts. Based on Ihese a5ses5fDent5 and having regard to the resources avai18ble to Ihe entty, the trustees have concluded that there 1$ no material uncertainty in relaton to Ihe appropiiateness of continuing to adopt tt)e going concem basis in preparing the annual report and accwllts. 1.4 Charitsble fund5 Unreslricled funds ale availawe for use at Ihe disueb.on of the trustees in furtherance of their tharitab5e obje(aive$. Restricted fvnds are subject to specrfic conditK)ns by donors or grantors as to how they may be used. The purptsses and uses of Ihe restricted funds are sel out in the notes lo the finanLial slalernents. 1.5 Income Income is recogni8ed when the charity is kgalty enbued to il after any ￿rf0m￿nte 0)ndit￿nS have been met, the amounts can be measured rel￿bty. and f¢ is probable that income will be received. Cash donations are recognised on receipt. Other donab.ons are tecognised once the ¢harty has been notified ol the donation, unles5 performance condilions require defeff￿ of Ihe amount_ Incorne tax recoverable in relation lo drnation$ re¢eNed under Grft Aid or deeds ofcovenant 15 reco9nised at the tirne of the donation. KEEP ME BREATHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 29 FEBRUARY2024 Ae¢ounting polF¢ies Icontinuedl 1.6 Expenditure Expenditure i8 ￿¢09n1$ed once ihere is a 01 constNctNe obh3ation tc transfer economic benerrt lo third paty, it is probable that a tran$fer of e¢(mtnic beneffts will be ￿qUired in setllement. and the amount of the obligation can be rneasured re[￿bty- Expendrture is by admty. The cost5 of eath aLawity ale made up of the totsl of dired cost5 and shared costs. including support cests inVo￿ed in undÈrtaking ea¢h a¢tivrty. Oired Costs attributable ¢0 a single activity a￿ allocated directty to that activty. Shared costs which CAJntribute to nK>re than one aclivty and support cosls whrh are not attributsble to a single aLl1￿ty are apportvjned btheen those acti¥Aties a basi5 consistent with the use of resour￿$. 1.7 C35h and cash equivalents Cash and cash equivalents i[￿ude cash in hand. deposits held at with banks. 1.8 Flnanclal Instruments The ch8rity has elected to appty the prowsions ol Sell￿￿ 11 'BaS￿ Finanoal 1Th5trutnent5' and Section 12 'Other Financial Inslrurnents Issues. of FRS 102 to all of its finan¢fjal n)stwmenls. Financial instruments a￿ ￿¢09￿￿e￿ in Ihe thariW5 balarKe sheet when the tharity becoTne5 party to the contractual provisKJns of the instrument. Financial assets and liablilies are offset, with the nel amounts presented in the finanoal statements. when there Is 2 legalty enfor¢eable right to set off the Tecogni5ed arTK>unts arL¢J there 15 an intention to settle a net basis or lo realise the asset and setue the liability $imuKaneousty- Basic fI￿nCl81 assets 8asic finanoal assets. whth indude debtors an¢J cash bank balan￿. are inilialty ffleasured at transaction pric& including Iransaclion eosls and are subseqvÈnty carried * amortised eosl using the effecttvÈ inlerest rnethod unless the arrangement constitutes a finanong transaclion. where the transaction is rneasurEd al thE present value of Ihe future re￿ip1S discounled al a matkel rate of InteresL Financial assets cJaSsif￿d as receivable wilhin one year are not amortised. Bosic financial li8bilities Basie financial liabilÈties. iftduding ¢reditor5 ale initialty fecognised al transactK)n price unles5 the arrangement conslilules a finanung Iransadion. W￿re the debt instrument is measured al the present value of Ihe future payrnents discounted at a mathel rate of tnteresL Finanaal liabilrties cjassified as payabk within one year are not amortised_ Trade creditors are oblvjations to pay for goods or services Ihat have been acqvired in Ihe ordinary Coufse of operations from suppliÈrs_ Arnounts payabk are dassthed as current liab￿lItES if payment is due within one year Of less. If not. Ihey ale presented as n0￿CUrrent liab￿rtIeS. Trade a￿ re¢ognisÈd initially al transaction price and subsequenlty measured al am0￿Se￿ cost u&ng the ellective ￿terest method. Derecognition of financial Imbilities Financial liabilities are derecogni5ed when the chanty"s c(ffitractual obligalions expire or are discharged or Cart￿11ed. KEEP ME BREATHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE PERIOD ENDED 29 FEBRUAR Y 2024 Critical accounting estimat¢$ and judgern*nts In the application of the chanty's accounting po￿l￿e$. th? trustees are ￿quired to make judgements, estimates and assumptions about the tarrying amount of assets and liabilib.es that are nol readily apparent trotD other sources. The estimates and assoaated assumptions are based OTr histotKal expetEnce and olher fadors Ihal are considered lo be relevant. Actual resvtt5 rnay differ Irom these estimatÈs. The estimates and underlying assunwlions are rewewed on an ongoing basi5. Revis￿5 to atcounling estimales are recogni5ed in the pencd iv the estimate is revised Whe￿ the revision affects only thal penod. or in the perK)d of the revisiot) and hjture ￿riods where Ihe revision affects b)th currenl and fvture periods. Income from donations and legacies Unrestricted funds 2024 Restricted funds 2024 Total 2024 Donations and gifts Grants recwvable 135.951 2.500 135.951 201.658 199.158 138.451 199,158 337. Income from other trading *¢tivities Unrestricted funds 2024 Fundraising events 7.483 Expèndlture on raising funds Unrèstritted funds 2024 Fundralslng and publicity other fundraising ¢osl$ 6.020 KEEP ME BREATHING NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 29 FEBRUAR Y2024 Expenditure on charitable activfaes Total 2024 Dire¢t tosts Travel expenses Materia15 lor project5 4,761 265 5,026 Share of support and governance costs Isee note 7) Support Governance 12.914 8.143 26,083 Analysi5 by fund Unreslricted funds 26.083 Support costs allocated lo activities Total 2024 Bank tharges Professional service5 Govemance 136 12.778 8.143 21,057 2024 Governance c05t5 cornprise= Legal and professH)nal Accountancy Meeting expen5e5 3,134 8.143 The expenditure for support and governance cosls basis of allocatton are all direct. Governance costs Include payments to Ihe independent examiner of £1.￿0 relabng to independent examiner fees. and £2.800 for accounting serwces. 10- KEEP ME BREATHING NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE PERIOD ENDED 29 FEBRUAR Y2024 T￿￿teeS None of the Iruslees lor any persons connected wilh them) received any remuneration or benefrts from the thaiity during Ihe period. Taxation The challty exempt from laxalioft on rts aclMtEs be(3use al its incorlle is applied for charitable purposes. 10 Debtors 2024 Amounts fallin9 due wtlhin one year. Other debtor5 Creditors- amounts falling due within one year 2024 Borrowngs Accruals and deferred income 15.000 19.500 12 Loans and overdrafts 2024 Other loans 15,000 Payable within one year 15.000 13 Restricted funds The reslncted funds of Ihe tharity ¢LMnprise the unexpended balar￿eS of donats.ons and grants held Dn tru51 subject to specific conditions by donors as lo how they nKoy be used. At 27 January 2023 Incoming At29 resource5February 2024 CAFAMERICAfund5 199.158 199,158 CAFAMERICA grant Is bein9 used to fund Ihe researth being eondu¢led acr05S two key projects". the devek>pmenl of 2 neurostimulalor device to be fitted into the ear. and the advancement of an Itnplanled pa￿[ system which wll stimulate the phrenic nerve with Control feeLlback system from sensors. ThÈ grant is funding Ihe 5oenbfic research. covering Ihe cost of skilled engineers. the use of their laboratory and equIptr￿nl. KEEP ME BREATHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 29 FEBRUARY 2024 14 Anaty515 of net assets belween funds Unrestrictsd funds 2024 Restricted funds 2024 Totsl 2024 Fund balances at 29 February 2024 are represented by: Current assetslI￿abI1itiesI 113.831 199.158 312.989 113.831 199.158 312.989 15 Related party transaction5 During the period. there were £5.277 r￿mbU[sed expen5e5 relathng lo one tru5*e for travel. subsi$lenee and a¢¢ornmodation for meetings. Mr J Oakley is Ihe rnanaging director ol Jame5 Oakley Media Limited. Jame5 Oak￿Y Media Lifflite¢J prowded start up loan to the charity of £20.000 duiing the period. ofwhith £S.000 has been repa¥1. leaving a b8lance ouislanding of £15.000 at the perK?ckend. No interest is payable OTh Ihis knan and is not secured on any of the assets of the chanty- Mr G Roberts. who is Ihe father to a Iw$lee. Miss S Roberts. made donats"on$ totslling £15.000. Mrs S Roberts. who is the rnother to a trustee. ML5S S Roberts. made donations lotslling £15,137. Mr A Kent. husband lo trustee Mis E KenL is a diredor for Tents N Evenis Lld. who made a donation of £2,000 lo the charity. Total donats.ons from related parb.es amounled lo £32.137 during Ihe period.