Charity registration number. 512815 Young at Heart Annual Report and Financial Statements for the Year Ended 31 March 2025
Young at Heart Contents (contlnued) Reference and Administrative Details Trustees, Report 2to3 statement of Trttees, Re8ponsibiliti8S IrKlepend8nt Examinerfs Report Statement of Ftnan¢ial Activiti8S 6t07 Balance Sheet Notes to the Financial Ststements 9t013
Young at Heart Reference and Admlnistrative Details Chalrnian C Donnél Charlty Reglstratlon Number 512815 Prlnclpal Office Lonsdale HIs8 Unit 305A 52 BluGheT Str88t Birmingham B1 1QU Mark A Jordan Independent examiner Knighton House 62 Hagley Road stOUTbrge West Mwjlands DY8 1QD Independent Examiner Page 1
Young at Heart Trustees. Report The trustees present the annual report together with the flnancial statements of the thariEy for th8 year ended 31 March 2025. obCtIveS and activities Objects and alms Young at Heart exists to provide help and support to families of babies and children receiving treatment for cardiac o)nditions at Birmtngham Chiklren's Hospital. We WO closety with the hospitsl's Paediatric Cardiac Untt artd provide regular ward visits to support families during what can be an extremely Challengi time. Our aim is to bring families (ether through a range of social actsvibes and events. enabling them to meet others in similar circumstarHX. share exPeri8ns. redu feelings of isolatic>n. and build lasting friendships. Achiovements and perfornianco Despite some changes wlthin the committee during the year, induding several membws stepping down due to thanges in personal cIrmStances. the charlty fxntinues to benefit from a committed and dedioted team. We have also Welad new truste8s. 8nsuring the charity remains well supported and able to grow. During the year, Young at Heart continued lo.. . Meet Ihe increasing demand for our services as our membership conlinues to grow. . Expand the support provided to families under the care of Bimiingham Children's Hospital Paediatric Cardiac UniL This included memory gffts, bereavement support, care packagès and items such as superhero bears and sibling bears. Provide specialist medical equipment. induding INR monitoring machines. allowing children and young people to safely managè th8lr coTrJitions at hom8 and reduce the need for frequent outpat18nt appointments. Continue to SporOr a Fontan workshop project delIred by Birmingham Children's H¢>spitsl and replaced a faulty Defibrillator for one of our members. Deliver more socid events than ever before for our famifies. Events indudèd ¥isits to Llttle Owl Fam. an Easter party. Dudley ZOD Dream Nights. trips to Drayton Manor, a Halloween paty. Christmas party. pantomime outtng and regular Goffee momitus. As our membership continues to increase. remain committed to aCmMOdating our families by swrcing larger venues where required to ensure events remain indusive and accessible. Page 2
Young at Heart Trustees. Report (continued) Trustees and offlcers The trustses and officers serving during the year and since the year end were as follows: C Donnelly C Webster Trustees.. E Byme K Bruton (resigned 28 June 2025) Brown {r8signed 30 September 2024) A Obinna T Holmes (resigned 28 S8Ptembgr 2025) P We]ch S D Bisson (appointed 14 June 2024 and resigned 13 September 2025) K Rob8rts (appointed 14 June 2024) C Hughes (appointed 29 August 2025) J Couchman {appointed 5 Novemb6r 2025) None of the Trustee's has any beneficAal interest in the company. Chaimian: C Donnelly Th8 annual report was approved by the trustees of the charity on 19 December 2025 and signed on its behalf by: Trustee Page 3
Young at Heart ststement of Trustees. Responsibilities The trustees are responsibl8 for prep8ring the trustees, r8POrt and the financlal ststam8nts in accordance with the United Kingdom Accounting Standards (United Ktngjom Generally A¢cepted Accounting Practice) and applicable law and regulations. The law applirable to tharities requires Ihe trustees to prepare financial statements for each financial year whith give a true and fair view of Ihe stat8 of affairs of the charity and of incoming resources and application of resources of the charity for that period. In preparing these financial st8t8m8nts. the trustees are required to: select suitable accounting policies and then apply them consistently: observe the methods and principles in the Charities SORP: make judgements and estimates that are reasonable and pnJd8nt: stste wheth8r applicable accounting standards have be8n followed, subject to any material departures disclosed and 8xplained In the finandal ststements." and pr8pare the financtal statements on the going conc8rn basis unl8SS it is Inappropriale to presume that the Charity will continue in business. The trustees are resp)nstile for keèping proper accounting records that disclose with reasonable a¢euracy at any time the financial positlon of the charity and enable them to ensure that the flnancial statements comply with th& Charitles Act 2011, the ChaTities (Accounts and Reports) Regulations 2008. and the provision5 of the const5tution. Th8 trustees are also responsible for safeguarding the 8ssets of the charity and hence for taking reasonable steps for the prevention and det8Ction of fraud and other irregularilies. The trustees are snsIble for ihe maintenance and integrity of the corFx)rate and financial Infomialion included on the Charitable coMpanS website. Legislation goveming the preparation and dissemination of financial statements may differ from legislation in oth8r jurisdidions. Approved by the twstees of the charity on 19 December 2025 and signed on its behalf by: E Byme Trustee Page 4
Young at Heart Independent Examinees Report to the trustees of Young at Heart I report to the twst8es on my examinatlon of the accounts of Young at Heart for the year ended 31 March 2025. Rosponsibilitieo and basls of report As the charrfy trusle8s of Yourg at Heart you are responsible for th8 preparatlon of th8 accounts in accordance with the requirements of Ihe Chariiies Act 2011 (Ihe Act.). I reFMXt in resped of my examin81ion of the Young at Heart's accounts carried out under seclion 145 of the 2011 Art and in carrying out my exaMtIon I have followed all the applicable Directions gtven by the Charity Commission under seclion 145{5)(b) of the ACL IrHlopendent examlnerfs statemont I have completed my examination. I conflm that no material matters have come to my attention in conneelion wlth the examinatlon giving me cause to believe that in any matsrtal resped." 1. ac¢ountlng r8¢ords were not kept In respect of Young at Heart as requlred by sectK>n 130 of the ACL. or 2. the accounts do not accord with Ihose records; or 3. the ac¢ounts do not comply with Ihe accountin9 requirements concemlng the fomi and witent of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair view wh1(* is not a matter considered as part of an If8pendent examination. I have no concerns and have Come across no other matters in connection with the examination to whi¢h attenlson should be drawn in this report in order to en8ble a proper understanding of the accounts to be reached. Mark Jordan Independent examiner Knlghton House 62 Hagley Road stourbridge West Midlands DY8 1QD 19 December 2025 Page 5
Young at Heart Statement of Financial Activities for the Year Ended 31 March 2025 Total 2025 Unre8trfcted lunds Restricted funds Income and Endowmonts from: Donalions, legacies and grants Charitable activities Other income 18.356 45.361 1.461 3.070 21.426 45.361 1.461 Total income 65.178 3.070 68.248 Expenditure on: Raising funds Charitable activibes Other expenditure Total expenditure {6.110) (30.160) (32.866 (6.110) (34.524) {32.866 73.500 {4,364) 69.136 4,364 Net expendire 3.958) 5.252) Ngt movement in funds (3,958) {1.294) (5.252) Re¢on¢iliatlon of funds Total fund5 brought forward Totsl funds carried forward 61.892 1.794 63.686 58,434 57.934 500 Unrestricted Restrictod funds funds Total 2024 Incomo and Endowments from: DOnati(S. legacies and grants Charitabl8 aclivilies Other income 13.664 45.007 1,405 11,769 25,433 45.007 1.405 Totsl incomé 60,076 11.769 71.845 Expenditure on: Raising fiAnds Charftable aciivitie5 other expendilure (2.724) (18.309) 25.224 (2,724) (34.736) 25.224 (16.427) Total eXndItUre 46.257 16.427) 62,684} Net incomel(expenditure) Net movement in funds 13.819 4.658 9.161 13.819 (4,658) 9,161 Reconclllatlon of funds Total funds brought for•Mrd Total funds rrIed forward 48,073 6.462 1.794 54.525 11 61,892 63,686 The notes M pages 9 to 13 form an integral part of these financial statements. Page 6
Young at Heart Statement of Financlal Activltles for the Year Ended 31 March 2025 Icontlnued) All of the tharity's adivltles derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 11. The notes on pages 9 to 13 form an integral part of these financial ststements. Page 7
Young at Heart (Registration number: 512815) Balanc6 Sheet as at 31 March 2025 2025 2024 Flxed a55èts Tangible assets Current assets Cash at bank and in hand 3.114 2.251 10 55.320 61,435 Net assèts 58,434 63,686 Funds of the ¢harlty: Restrlcted income funds Restricted furKIs 500 1,794 UTrre3tr1ctsd Income funds Unrestricted funds 57.934 61.892 Total funds 11 63.686 The financial statements on pages 6 to 13 Vre approved by the trustees, and authorised for issue on 19 December 2025 and sign8d on th81r behalf by. Trustee The notes on pages 9 to 13 fomi an inlegral part of financial statements. Page 8
Young at Heart Notes lo the Flnanclal Statements for the Year Ended 31 March 2025 1 Accounting policie8 Statement of Compliance The financlal statements have been prepared in accordance wth the second edition of th8 Charities Statement of R8commended Pradi¢6 issued in October 2019, the Financial Reporting Standard applicable In th8 United Kingdom and Republic of Ireland (FRS 102) and th8 Chartties Act 2011. Basls of preparation Young at Heart meets the definition of a public b6nefrt entity under FRS 102. The accounts (financial statements) have been prepared under Ihe historical cost convention with items recnISed at cost or tfdnsaction value unless 0th8wse staled in the relevant nole(s) to th&se accounts. Going concorn The trustees constder that there are no material uncertainties abwt the chartws ability lo continue as a going concern. Income and endowments Voluntary incom8 induding donations, gifts.18gacies and grants that provide core funding or are of a general nature is reeognised when the charlty has entitlement to the incom6, it Is probable that the Income wlll b8 received and the amount can be measured with sufficient rellability. Donatlons and legacles Donations and legacies are recognised on a recelvable basis when receipt is probable and the amount can be lIablY measured. Grnnts recelvable Grants are recognised when the charfty has an entitlement to the funds and any conditions linked to the grants have been met. Where performance condltions are attached to the grant and 8re yet to be met. the income 15 recognised as a liability and included on the balan¢e sheet as defeed income to be released. Expendlture All expenditur8 is recognised once there És a JwJal or constructive obligation to that expenditure. it is probable settlement is required and the amount can be measured reliably. costs are allocated to Ihe applicable expenditure heading that aggregate similar ¢osts to that category. Where costs cannot be directly attributed to p8rticu18r headings they have been allocated on a basis ¢onsi8tent with the use of resources. wth central staff costs allocated on the basis of time spent, and depreciation charges alk)catPAI on the portion of the asseys use. Other support costs are allOted based on the spread of stsff costs. Raising funds These are costs incurr in attfacling voluntary Incom8. tho managem8nt of investments and those in1rred in trading activities that raise funds. Page 9
Young at Heart Notes to the Financial Statements for the Year Ended 31 March 2025 (contlnued) Chaable activitles Charltable expenditu comprfs8S those costs incurred by the charfty In the dellvery of Its activities and s8DAces for its bengficiaries. It Includes bolh costs that can be allocated direclly to such activities and those costs of an indir8cI nature necessary to support them. Support costs Support costs include central fun¢tlons and have been allocated to activity cost categories on a basis Consistent th the use of resources, for example. allocating property costs by floor areas, or per caplts, staff costs by the time spenl and other costs by thdr usage. Taxallon The charity is considered to pass the tests set out In Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it mèets the definition of a charltable company for UK corporation tax purposes. Accordingly, th8 charity is potentially exempt from tsxation in respect of income or capital gains received within Catsgorles covered by Chaptar 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxatlon of Chargeable Gains Act 1992, to the extent that such income or gains are applled exdusN81y to charitable purposes. Tanglblo flxed assats Individual fixed assets costing £0.00 or more are inltially recorded at cosl, less any subsequent accumulated depreciation and subsequent accumulated impalnnent losses. Depreclatlon and amorti5ation Depreciation is provld8d on tangible fixed assets so as to vthte off the cost or valuation, less any estimated residual valu8, OV8r their expected useful economic lrfe as follows: Assat class Furniture and Equipment Deproclatlon method and rate 200/• straight Ilne Cash and cash equlvalonts Cash and cash equivalents comprise cash on hand and call deposits. and other short-tenn highly liquid investrnents that aré r8adily convertible to a known amount of cash and are subject to an insignificant rtsk of chang8 In value. Fund structure Unr8strict8d incom8 funds are general funds that are available frK use at the tnjstses discration in fijrtherance of the objectives of tha charity. Restricted Incom8 funds are those donaled for use In a particular area or for sp8cific purposes. the use of which Ès r8strict8d to that area or purpose. Page 10
Young at Heart Notes to the Financial Statsments for the Year Ended 31 March 2025 (continued) 2 In¢ome from donations, legacles and grants Unrestri¢tsd funds General Rgstrlcted fund5 Total funds Donations and legacies: Donations from individuals Grants. induding capital grants. Grants fr7 ott)er ¢*arilies 17,356 750 18.106 1.000 2.320 3.320 Total for 2025 18.356 3.070 21,426 To for 2024 13.664 11.769 25.433 3 Inctsm• from charftable actlvltles Unrestricted futhds General Total fund$ Donations and fvndralsing 45,361 45.361 Total for 2025 45.361 45.361 Total for 2024 45,007 45.007 4 Expenditure on charitable actlvlties Unrestficted funds Designated Rastricted funds Total 2025 Family support donatiorts and gifts 30.160 4.364 34.524 Unrastrlcted funds General R•strleted fvnds Total 2024 Family support donations and gifts 18.309 16.427 34.736 Page 11
Young at Heart Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 5 Other expenditurn Unrostrlctod funds General Total funds Note Independent examiner fees Examination of the financial ststements Other resources 6xpended 1,560 31.306 31.306 Total for 2025 32,866 32.866 Total for 2024 25.224 25.224 6 Trustees remunorallon and expenses No trustees. nor any persons connected with them, received any remuneration from Ihe charity during thè year. 7 Independont examinorfs remuneration 2025 2024 Examination of th6 fjnanckl ststements 1.560 1,500 8 Taxatlon Th6 charlty Is a registered charity and is therefore exempt from taxation. 9 Tangible fixed assets Furnlture and equlpment Total Cost At 1 Awil 2024 Additions 3,033 1.836 3.033 1,836 At 31 March 2025 4,869 4,869 Deprgciation At 1 Aprtl 2024 Charge for the year At 31 March 2025 782 973 782 973 1.755 1.755 Not book value At 31 March 2025 3,114 3.114 At 31 March 2024 2,251 2,251 Page 12
Young at Heart Notes to the Flnanclal Statements for the Year Ended 31 March 2025 (continued) 10 Cash and cash equbvalents 2025 2024 Cash at bank 55.320 61.435 11 Funds Balan at 1 April 2024 Incomlng Resources expended Balance at 31 March 2025 Unrestricled funds General 61.892 65,178 (69,136) 4.364 57,934 Restrlctod funds 1,794 3,070 500 Total funds 63.686 73.SOO 58,434 Balan at 1 Aprll 2023 Incomlng Resources expendod Balance at 31 March 2024 Unrgstrleted funds General 48.on 60,076 (46.257) 16,427 61.892 Re8trlcted fund8 6.452 11,769 1,794 Total fund8 54,525 62.684 63.686 12 Analysls of net ass¢ts botween funds Unrestrlcted funds General Totsl fvnds at 31 March 2025 Restrlcted funds Tangibl8 fixed assets Current assets 3.114 3.114 55.320 500 Total net ass8ts 57,934 58.434 Unrestricted funds General Total fund$ at 31 Mar¢h 2024 Restricted funds Tanglble fixod assets Current assets 2.251 59,641 2.251 61,435 1,794 Total net assets 61.892 1.794 63,686 Page 13
Young at Heart Statement of Financial Activities by fund for the Year Ended 31 March 2025 Totsl Tolal Unrestrlcted Unrestrlcted Funds Funds 2025 2024 Income and Endowmènts from: Donations, legacie5 and grants Charitable activitie5 Other income 18,356 45,361 1.461 13.664 45.007 1.405 Totsl inwme 65,178 60,076 Expendtturo on: Raising funds Charitable activities Other expendityre (6,110) (30.160) 32,866 (2.724) (18.309) 25,224 Total expenditure (69,136 (46.257 Net {expenditure)fincome 3.958 13.819 Net movement in funds (3,958) 13.819 Roconciliation of fvnds Total fun(ts brought forward Totsl funds carried fornard 61,892 57.934 48.073 61,892 This page doe5 not fonn part of the statutory financial statements. Page 14
Young at Heart statement of Financial Activities by fund for the Year Ended 31 March 2025 (continued) Total Total Restrteled Re8trictad Funds Funds 2025 2024 Income and Endowments from: Donations, lega¢las and grants Total income 3.070 11,769 3,070 11,769 Exponditsire on: Charltabie acllvllles 16.427 Total èxpenditure Not expenditure Net movement in funds 16.427 1,294 4,658 (1,294) (4,658} Reconclllation of funds Totsl funds brought for4vard Total funds carried fonNard 1,794 6.452 500 1,794 This page does not fomi part of the statsjtory finand81 stataments. Page 15
Young at Heart Detailed Statement of Financial Actovities for the Year Ended 31 March 2025 Total 2025 Total 2024 Income and Endowmonts from: Donalions, legacie5 and grants {an818d below) CharltaNe activibes (8naEysed below) Other income (analysed below) Totsl Income 21.426 45,361 1.461 25.433 45,007 1.405 68.248 71,845 Expendlture on: Raising funds (anaad b8low) Charitable activities (analy5ed below) Other expenditure (analysed below) Total expenditure Net (expenditureyincome (6,110) (34.524) 32,886 (2,724) {34,736) 25,224) 73.500 62,684 5,252 9.161 Net movement in funds {5,252) 9,161 Reconclllatlon of funds Total funds brought forvrard Total funds carried forward 63.686 54.525 58,434 63.686 This page does not fom part of the statutory financial statements. Page 16
Young at Heart Detailed Statement of Financial Activities for the Year Ended 31 March 2025 (contlnued) Total 2025 Total 2024 Donations, legacles and grants Appeals and donations restricted Appeals and donations Grants - other agenciès restrlcted Grants - other agencies 750 17.356 2,320 1,000 11,769 4.680 21.426 25,433 Charitable actlvities Fundraising Income from charitabl8 activities 40.759 4,602 45,007 45,361 45,007 Other income Other income comp8nsation Other Income Bank interest receivable 50 1,385 26 1,377 28 1,461 1,405 RSIng fvnds Fundraising costs Paypal charges (5.981) 129 (2,609) 115 6,110 2.724 Charltablo actlvltles Family support. donations and gifts restrictsd Famity support, donations and gifts (4,364) 30,160 (16,42n 18,309 34,736) (34,524 This page does not form part of the statutory financial statements. Page 17
Young at Heart Detailed Statement of Financial Activlties for the Year Ended 31 March 2025 {continued) Total 2025 Total 2024 otherexpdIIuTo Insurance Depreciation of fixtures and fittings Staff training Telephone and fax Prlntlng, postsge and ststionéry Tradè subscriptions Sundry exp8ns8s - Christmas paty Sundry expenses Trustee 8xp8nses Advertising Accourrtancy fees Rent {895) (974> (216) (607) <821) (394) <2,769) {725) {6.211) (159) {3.518) (1.489) (1,500) 6.815 (495) (2.432) {810) {11,133) (196) (3,340) (897) (1.560) 10.334 32,866 25.224 This page does not fo part of the statutory financial ststements. Page 18