(Registered Charty No. 513946) HEART LINK (EAST MIDLANDS CHILDREN'S HEART CARE ASSOCIATION) Flnanclal Statements for th• year ended 31 March 2024
(Regislered Charity no: 513946) HEART LINK (EAST MIDLANDS CHILDREN'S HEART CARE ASSOCIATION) Index Contents Page Charity Reference and Administrative Details Trustees Annual Report 24 Audit Report 5-6 Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-15 Detali ed Income & Expenditure Account 16
{Regist&red Charty no. 513946) HEART LINK (EAST MIDLANDS CHILDREN'S HEART CARE ASSOCIATION) Charf Refer•nc• and Admlnlstrative Details for tho oar endad 31 Mar¢h 2024 Charity Registration Number.. 513946 Trustees: MrGW Sm8rt MBE Ms S Barnes Mrs C Rigby Mrs V A McGurk Mr G J Willlams MrWVMatts MsSEWard Mrs M Dilks Mlss K A Dllks Mr R French Mrs D N Berry Mrs J M Burgess MrSGBlay Mrs L Crowson Charity Head Office: 68 Rockhill Drive Mountsorrel Loughborough Leicestershire LE12 7DT Registered Auditors: Celerica Ltd Certttled Accountants & Registered Auditors First Floor, The Old Chapel 9 Kempson Road Leicester LE2 8AN Bankers: HSBC Bank plc Loughborough Branch PO Box 13 41 Market Place Loughborough Leicestershire LE113EJ Page 1
(Registered Charty no. 513946) HEART LINK (EAST MIDLANDS CHILDREN'S HEART CARE ASSOCIATION) Tru8teè8 Annual Re ort for the ended 3q March 2024 The trustees present their report and audited financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Pradice (SORP) "Accounting and Reporting by Charities" 2019 (FRS102) in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance the accountlng pollcFes set out In the notes to the accounts and comply with the charity goveming document, the Charities Act 2011 and Accounting and Reportlng by Charitie3: Statement of Recommended Practice appllcable to charities preparlng their accounts In accordan wSth the Flnancial Reporting Standard applicable in the UK and Republic of Ireland Published on 16 July 2014 (as amended by Upd8te Bulletin 1 published on 2 February 2016). Trustees of the Charit The trustees who have served during the year and since the year end are as foll0v. Mr G W Smart MBE Miss K A Dilks Ms S Barn85 Mr R French Mrs C Rigby Mrs D N Berry Mrs V A McGurk Mrs J M Burgess Mr G J Williams MrSGBlay MrWVMatts Mrs L Crowson MsSEWard Mrs E L Bowskill Mrs M Dilks Mrs M A Chaston (Appointed 04.05.23) {Reslgned 04.05.23) (Resigned 04.05.23) Ives and actlvltles The principal activity of the charity continues to be to provide relief for children suffering from heart disease and allied conditions by the provision of facilitss with the oblect of improving their condltions of Ilfe. The strategy for achieving them has bèen to advertise Heart Link primarily through its members and obtaln donatlons as 8 result. There is therefore signific8nt use of volunteers wlthln the charitys income generatlng actlvrtles. Public Benefit Statement The trustees have considered the general guidance on public benefit issued by the Charitiès Commission and has taken due regard of that guidance. The trustees conslder they a satisfied that the charitys activities do provide a wide public benefit. Achievements and Performan During the year, the Board has continued to seek every opportunity in obtalnlng donatlons frorn every available source. They have maintained the continued support from several key provi¢Jers of donations induding some legacies and large anonymous donatlons which has bolstered its reserves. There were al80 Some large one off donations during the year whith has helped the organisation conslderably. As well as the Committee, the organisation depends on the hard thork of many volunteers who have helped the organisatlon obtsln monies from various fundraising activities. Page 2
{Regi5tered Charty no: 513946) HEART LINK (EAST MIDLANDS CHILDREN'S HEART CARE ASSOCIATION) Trustees Annual Re ort for the oar ended 31 March 2024 Contlnuod Achievements and Performance continued A large percentage of this Income has been allocated to the Children's ward (Ward 1 and CPICU) Kessington Building at Leicester Roydl Infirmary. The organisation has also spent some of Iheir reserves in obtaining medical equipment. The trustees have examined the PriF1paE areas of the charftsls operations and consider the major risks whlch may arlse in each of ttrEse areas. In the opinlon of the trustees. the charity has established resources and revlewed system8 which, under normal circumslances, should allow Ihe risks to be Identif by them to be mitigated to an acceptable level in its day-to-day operations. Financial Review includin reserves The charity also maintained ts direct charitable support by fundlng various large equipment totslling £40,945 for year. The deslgnated fund which is specific for the parents accommodations at the Leicester Hospitals has been utilised with the balance transferred back to general unrestricted funds. The £4,000 restricted fund has also been Iransferred to general unrestricted reserves. As a result of the large payments for the parents accommodation. the charity made a net defictt of £81,057. The trustees have examined the charitys requirements for reserves in light of the risks to the organisation. It has estsbllshed a pollcy whereby the reserves are imiested on deposlt at the HSBC Bank in a high deposit account. The present level of reserves are sufflclent. The reserves at the end of the financial year were £719,294. These are all unrestrlcted general reserves. Plans for future The organlsatlon's plan as al 31 March 2024 is to close this charity and transfer all of its assets and liabilities to a newly formed Charitable Incorporation Organisatlon called HEART LINK CHILDREN'S CHARITY. The new CIO'S Charlty Number is 1203709 and Companies House Number CE032768. Structure overnance and mana ement The organisation became a registered ¢harlty on 10 August 1983. It is governed by the members of the council who are appointed as prescribed by the bye-lamts. Trustees are elected in accordance with the constitutlon which was adopled in November 1982 and amended on 3 September 2009. Trustees are recruited for their serviGe to the Charity or their skllls In the areas of tl* Charis principal activity. Trustees serve tE1r terms arKI are eligible for re-election. Trustees are sought in a variety of voays involving exploration of the field of potential candidates, induding recommendation from existing trustees and supporters. Potential trustees are scrutinised by nominatlons and are subject to inteniiew before being proposed as a trustee. Page 3
(Registered Charty no: 513946} HEART LINK (EAST MIDLANDS CHILDREN'S HEART CARE ASSOCIATION) Trustoes Annual Re ort for the ear ended 31 March 2024 Continuod Structure vernanGe and mana ment contlnued All new trustees are requlred to undertake an induction programm6 and undergo a structured introduction programme. They also undergo a structured introduction to the operations of the charity. Trustees meetlngs are held perlodically to review and agree major areas of policy. The responsibilty for reviewing key areas of activity and policy are delegated to members of the board. Investrnent ic The charty has adopted a total return policy for its investment income. Thls Is achieved by maintainirKJ Its primary funds in a money market bank account lding Interest at a higher rate than the normal current account. Statement of Trust s, res nsibilities The trustees are responsible for preparing the Trustees Annual Report and the financlal ststements in accordance wth applicable law and Unlted Klngdom Accounting Standards (United Kingdom Generally Accepted Accountlng Practice). The law applicable to charities in England & Wales requires the trustees to prepare the flnancial statements each year which give a true and falr view of the state of affairs of the charity and of the incoming resources and appllcatlon of resour5 of the charity for that period, In preparing these financial statements, the the trustees are required to: select suitsble accounting pollcies 8nd apply them consistently. observe the methods and principles in the Charities SORP 2019 (FRS102); make judgements and estimates that aTe reasonable and prudent; state whether appllcable accountlng slarxlards have been followed, subject to any material departures disclosed and explained in the financial statements". prepare the financial statements on the going concern basls unless It is inappropriate to presume that the charity will Gontinue in operatlon. The trustees are responslble for keeping accounting records that disclose wlth reasonable accuracy at any time the financlal position of the charity and to enable them to ensure that the financial statements comply with Ihe Charities Act 2011. the Ch8rity (Accounts aNI Reports) regulations 2008 8nd the provisions of the trust deed. They are also responslble for safeguarding the assets of the charlty and hence for takirKJ reaSonae steps for the prevention and detection of fraud and other irregularities. The tfustees are also responsible for the maintenance and integrity of the charity and financial infomiation included on the charitys website. Legislation In the United Kingdom governing the preparation and dlssemlnatlon of flnanclal statements may differ from legislation in other jurisdictions. ON BEHALF OF THE BOARD stee Dated.. 2nd May 2024 MrG W Smart MBE Trustee Name Page 4
{Reglstered Charity no. 513946) Inde ndent Auditors Re rt to the Trustogs HEART LINK EAST MIDLANDS CHILDREN'S HEART CARE ASSOCIATION inion We have audited the financial statements of Heart Llnk (East Midlands Children's Heart Care Assoclation) for the year ended 31 March 2024 which comprise the Statement of Financial Activities, Balance Sheet and notes to the financial Sernents Indudlng slgnlficant accounting policies. The financial reporting framework that has been applied In their preparation is applicable law and Unlted Kingdom Accounting Standards Including FRS 102 'The Financial Reporting Standard. applicable in the UK and Republlc of Ireland (Unlted Klngdom Generally Accepted Accountlng Practice). In our opinion the financial staternents.. give a true and fair view of the stste of the charityls affairs as at 31 March 2023 and of it's Incomlng resources and appllcatlon of resources for the year then ended., have been properly prepared in accordance with Unlted Kingdom Generally Accepted Accounting Practice,. and have been properfy prepared in accordance wlth requirements of the Charities Act 2011. Basis of o Inion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described In the Auditorfs responsibilitles for the audlt of the fln8nclal statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financSal statements in the UK, including the FRC'S Ethlcal Standard, and we have fulfilled our ethical responsibilities in accordance with these requirements. We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our oplnlon. Conclusions relatin to in conc•m In audltlng the flnanclal statements, we have concluded that the twstees, use the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any materlal uncertainties relating to events or conditions that, individually or collectivdy, may cast signrficant doubt on the chariws ability to continue as a going Goncern for a perN)d of at least twelve months from when the financial statements authorlsed for Issue. Our responsibilities and the responslbllStles of trustees with respect to going concem are described in the relevant sections of this report. Other Informatlon The other information comprlses the information included in the trustees annual report, other than the financial ststements and our auditof s report thereon. The firnCial statements and our auditorfs report thereon. The trustees are re¥ponsible for the other information contslned vdthln the annual report. Our oplnlon on the flnanclal statements do not cover the other information and, except to the extent otherwise explicitly stated in our reporL we do not express any form of assurance conclusion thereon. Our responsibility 18 to read the other information and, in doing so, conslder whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or othemise appears to be materially misstated. If we Identrfy such material inconslstencles or apparent material misstatements, we are required to determine whether thls gives rise lo a material misstatement in the financial statements themselves. If, based on the )M)rk we have performed, we conclude that there Is a material misstatement of thls other information. we are requlred to report that fact. We have nothing to report in this regard. Page 5
(Registered Charity no: 513946) ort to the Trustees Indè endent Auditors R• HEART LINK EAST MIDLANDS CHILDREN'S HEART CARE ASSOCIATION continued Matters on whlch we are uirod to re ort b ex¢• tlon We have nothing to report in respect of the followiro matters in relation to whlch the Charities (Accounts and Reports) Regulations 2008 require us to report to you ff, in our opwnion". the information given in the financial statements is inconslstent in any materlal respect with the trustees, report: or the charty has not kept adequate accounting records. or the flnancial statements are not in agreement with the accountlng records and returns: or we have not received all the information and explanations we require for our audit. onslbllltles of trustees As explained more fully in trustees, responsibilities statement, the trustees are responsSble for the preparatlon of financlal statements whlch glve a true and fair view, and for such intemal control as the twstees determine is necessary trj enable the preparation of the financk81 statements that are free from material misstatement, whether due to fraud or error. In preparing the firkgnclal statements, the trustees are responsible for assessing the charitys ability to continue as a going concem, disdosing as applicable, matters related to golng concern and using the going concem basis accounting unless the trustees elther Intend to liquidate the charty or cease its operations. or have no realistic altemative but to do so. Audltor's res nslbllltles We have been appointed as auditors under section 145 of the Charities Act 2011 and report In accordance with ragulalions made under sectlon 154 of that Act. Our objedives are to obtaln reasonable assurance about whether the financlal statements as a whole are free are free from material misstatement. whether due to fraud or error. and to issue an auditorfs report that indudes our opinion. Reasonable assurance is a high level of assurdnce, but is not a guarantee that an audlt conducted In accordance with ISASS (UK) wlll always detect a material misstatement when it exits. Misstatements can arise from fraud or error and consldered material rf, individually, or in the aggregate, they Could reasonably be expected to infiuence the economic decisions of users taken on the basis on these financial statements. Because of the Inent limitations of an audit, there is a risk that we wlll not detect all irregUanties, including those leadirKJ to a material misstatement in the financial statements or non<omplian¢e with regulatlon. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in tha financial statements, as we will be less Ilkely to become aware of instances of non-c0mpl1an. The rlsk is also greater regarding Irregularities occurring due to fraud rather than error, as fraud involves intenlional concealment, forgery. collusion, omlsslon or misrepresentation. A further description of our responsibilities for the audlt of the financial statements is located on the Financial Reporting Councll's vRbslte at bVW4V.frc.org.uklauditorsresponsibilities. This description fomis part of our audltorfs report. Us• of our report This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitrfs trustees those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent penItted by law, do not accept or assume responsibility to anyone other than the charlty and the chanty's trustees as a body, for our audit work, for this report, or for the opinions we have formed. Celeri¢a Ltd - Statutory Auditor Certified Accountants First Floor, The Old Chapel 9 Kempson Road Leicester LE2 8AN Dated.. 2nd May 2024 Page 6
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(Registered Charity no. 513946) HEART LINK (EAST MIDLANDS CHILDREN'S HEART CARE ASSOCIATION) Balanc• Sheet as at 31st March 2024 2023 Fixed a88ats Tangible fixed assets 13 Curr•nt a8sets Debtors Cash at bank and in harxl 14 12,793 711,301 724,094 807.551 807.551 Credltors: amounts falllng due within one year Other creditors 15 4,800 7.200 Net current assets 719,294 800,351 Not assots 719,294 800.351 Charity funds Unrestricted: Unrestricted general Designated parents accommodation 17 17 719,294 596.351 200,0 Restrlcted 17 18 719,294 800,351 The financial statements were approved and authorised for issue by the Board on 2 May 2024 Slgned on behalf of the board of trust••s tee Name: Mr G W Smart MBE Tho notes on pages 9 to 15 fonn part of these accounts Page 8
HEART LINK (EAST MIDLANDS CHILDREN'S HEART CARE ASSOCIATION) Notes to the financial statem•nts for the r ènd 31 March 2024 1. summary of significant accountlng pollcles a General infomiation and basls of preparatlon Heart Link (East Midlands Children's Heart Care Association) is an unincorporated registered charty in England and Wales. The address of the charitys head office is given on page 1 of t£se financial statements. The nature of the charitys operations and principal activities detailed on the Trustees Annual Report on page 2. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance vrfith AccountirwJ and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance wbth th8 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016, the Financial Reporting Standard applicable in United Kingdom and Republic of Ireland (FRS 102) and UK Generally Accepted Practice as it applies from 1 January 2015. The Charity has applied Updated Bulletln 1 as published on 2 February 2016 and does not inGlude a cash flow statement on the grounds that it 18 applying FRS 102 Sectlon 1A. The flnanclal ststements have been prepared to give a 'lrue and fair" view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the exient required to provide a "true and fair" vlew. Thls departure has involved following the Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to ¢harlties preparing their accounts in accordance with the Financial Reporting Stsndard appllcable In the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effectlve from 1 April 2005 which has slnce been withdrawn. The financial statements are prepared on a golrKJ concern basis under the historical cost convention, modified to include certain items at fair value where considered necessary. The financial statements are presented in sterling which is the functional currency of the Gharty and rounded to the nearest pound. b Funds Unrestricted funds are available for use at the disuetion of the trustees in furtherance of the general objectives of the charity and vthich have not been designated for other purposes. Designated funds comprise unrestricted furKls that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial ststements. Restricted funds are funds which are to be used In accordance with specrfic restrictions imposed by dorws or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out In the notes to the financial statements. C Incom• recognition All Incomlng resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any perforrnan of conditions have been met, the amount can be measured reliably and it is probable that the income will be recelved. Page 9
HEART LINK (EAST MIDLANDS CHILDREN'S HEART CARE ASSOCIATION) Notos lo the flnanclal statements for the ar ended 31 March 2024 Contlnued 1. Summary of significant accounting policieg (Contlnued) c Incom• recognltlon (continued) For donations to be recognised the charity wlll have been notified of the amounts and the settlement date in Writing. If there are condrtions attached to the donation and this requires a level of performance before entitlemenl can be obtained then income is deferred until those conditrons are fully met or the fulllrnent of those conditions is within the control of the charty and it is probable that they will be fulfilled. Donated facilities and donated professional services are recognised in income at their fair value when their economic benefrt is probable. it can be measured reliably and the charity has control over the item. Fair value is detennined on the basis of the value of the gift to the charity. A corresponding amount is recognised in expenditure. No amount of time is induded in the financial staternents for volunteer lime in line with SORP FRS (102). Further detail is given in the Trustees Annual Report. Where practicable, gifts in kind donated for distribution to the beneficiaries of the charity are induded in stock and donations in the financial statements upon receipt. If it is impracticable to assess the fair value at receipt or rf the costs to undertake such a valuation ou1vIgh any benefits. then the falr value is recognlsed as a component of donalions when it is distributed and an equivalent amount recognised as charitable expendilure. Glfts In klnd donated for resale are Included at fair value, being the expected proceeds from sale less the eXpted cost of the sale. Where estimating the falr value is practicable upon recelpt it is recognised in stock and "Income from other tradlng actlvities". Upon sale, the value of stock is charged agalnst 'lncome from trading activities" and the proceeds are recognised as "Income from other trading activities" Where it is impracticable to falr value the items due to the volume of low value items they are not recognised in the financial statements until sold. Thls income is recognised within 'lncome from other trading activities" Fixed assets grfts in kirKt are recognised when reIVable are included at fair value. They are not deferred over the Ilfe of the asset. For legacies, entitlement is the earlier of the charlty being notthed of an impending distribution or the legacy being received. At this point income is recognised. On occasion. legacies will tr notified to the charity however it is not ssIble to measure the amount expected to be distri1ted. On these occasions, the legacy is treated as a contingent asset and disclosed. Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplwng goods and services in order to raise funds and is recognised when entidement has occurred. Investment income is earned through holding assets foT tnvestmenl purposes such as shares and property. It indudes dividends. InteSt and nt. Where it is not practicable to identify inveslment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest incorne is recognised using the effective interest method and dividend and rent income is recognised a8 the Charitys right to receive payment is established. Page 10
HEART LINK (EAST MIDLANDS CHILDREN'S HEART CARE ASSOCIATION) Notss to the finan¢ial statements for the ear ended 31 March 2024 Contlnued 1. Significant Inforniation and basis of preparatlon (Contlnued) d Expendlture rocognltlon All experKliture is accounted for on an accruals basis arKI has been dassified under headings that aggregate all costs related to the category. Expenditure is recognised ere there Is a legal or constructlve obligatlon to make payments to third partles, It Is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: Cost of ralslng funds Expenditur8 on charitable activities Other expenditure represents those items not falling into the above categories. Irrecoverable VAT is charged as an expense agalnst the activity for which the expenditure arose. Grants payable to third parties 8r& within the charitable objectlves. Where unconditional grants are offered, thls Is accrued as soon as the recipient is notth'ed of the grant, as this gives rise to a reasonable expectation that the recipient viill re1ve the grants. Where grants are conditional relating to performance then the grant Is only accrued when any urifulfilled conditions are outslde of the control of the charlty. e Support costs allocatlon Support costs are those that assist the work of the charty but do not directly represent charitable actlvltles and Include offrE costs, governance costs and administrative cost8. They are incurred directly in support of expenditure on the objects of the charity. Fundraising costs are those incurred in seeking vduntary contributions and do not include the costs of disseminating infonnation in support of the charltable activities. The analysis of these costs is in included in note 8. f Tangible fixed assets Tanglble fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation arKJ accumulated impairment losses. Costs indudes costs directly attrlbutsble to making the asset (2pable of operating as intended. Depreciation is provided on tangible fixe(l assets, at rates calculated to write off the cost. less estimated residual value, of each asset on a systematic basis over ivs expected usefijl Ilfe as follows: Computers and other equipment Caravans Van 33 113 0/0 at cost 250/0 at cost 250/0 at cost Debtors and creditors receivabl• I payable wlthln one year Debtors and ¢xedltors with no stated interest rate and receivable or payable withSn one year are recorded at transaction price. Any losses arising from Impairnient are recognised in expenditure. h Provisions Provisions are recogntsed when the charity has an obligation at the balance sheet date as a resull of a past event. It is probable that an ouffiow of economic benefits wlll be required in settlement and the amount can be rellably estlmated. Page11
HEART UNK (EAST MIDLANDS CHILDREN'S HEART CARE ASSOCIATION) NotOS to the flnanclal statements for tho ar ended 31 March 2024 Continued 1. Signlfi¢ant Infomiation and basis of preparatlon {Contlnued) i Leases Rentals payable or receivable under operating leases are charged to the SOFA on a straight line basis over the period of the lease. J Taxatlon No provision has been made for laxalion as the chariws charitable status renders It exempt from UK direct taxation. k Golng concem The financial Statements have been prepared on a golng nCern basis as the trustees believe that no materlal uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the levd of reserves for the charity to be able to continue as a going concern. 2. Income from donations and legacias 2024 2023 Donations 153,345 211,470 All of the above Income from donations and legacies are of an unrestricted nature in both years. 3. Income from charftable actlvtties 2024 2023 Income from Caravan donations 5,675 10,310 All of the above income from charitable activities are of an unrestricted nature in both years. 4. Income from investments 2024 2023 Bank interest received 29,938 9,220 All of the above income from investments are of an unrestricted nature in both years. 5. Income from other sources 2024 2023 Other income All of the above income from Investments are of an unrestricted nature in both years. Page 12
HEART LINK (EAST MIDLANDS CHILDREN'S HEART CARE ASSOCIATION) Notes to th• financial statements for th• ar ended 31 March 2024 Continued Expendlture on raislng funds 2024 2023 Subscription to raising funds 562 772 All of the above Income from investments are of an unrestricted nature in both years. Analysis of expendlture on charltable actlvltles 2024 2023 Caravan costs Provision of medical equipment General gcthls for children's ward Depreciation Miscellaneous Childrens War(1 Contribution - LRI Merchandise Research contribution Christmas Party Trainir Parent accommodation Support costs (see breakdown below) 16.163 40.945 10,607 16.947 15,222 18,604 92 11,103 15.732 10.000 13,472 11,542 13.000 12.565 132.540 31,999 29,561 269.453 131.701 All of the above eXperlture from Charitable activities are of an unrestricted nature in both years. They are all allocated to the children's ward by way of providing medical equlprnent and goods to the ward. Allo&atlon of support costs 2024 2023 Printing. postage, stationery & advertising Transport & travel Govemance costs 24.458 1,484 6,057 31,999 19,788 5,176 4.597 29,561 (see breakdown belthv) Govamanca costs 2024 2023 Insurance Audlt Bank charges 248 5.580 229 6.057 733 3,600 4,597 10. Auditorfs romuneration 2024 2023 Fees payable to the auditor for: Audit of the charitys annual a¢wunts Preparation of the annual accounts 3.080 520 3.600 520 Page 13
HEART LINK (EAST MIDLANDS CHILDREN'S HEART CARE ASSOCIATION) Notss to tho financlal statements for the ar ended 31 March 2024 Contlnued 11. Trustee8 and koy managoment per80nno1 romun•ratlon The trustees nelther recelved or walved any remuneration during the year {2023". nil). The trustees did not have any expenses reimbursed during the year (2023: nil) 12. Staff ¢08ts and trustees remuneration The charlty Incurred no staff or trustee costs durlng the year or prevlous ar. 13. Tanglbl• fixed a88ets Caravans Total Cost: As at 1 April 2023 Additions Disposals As at 31 March 2024 9,319 5,150 48,148 62,617 9,319 5.150 48,148 62,617 De reciation: As at 1 April 2023 Charge for the year Eliminated on disposal As at 31 March 2024 9,319 5,150 48,148 62,617 9,319 5,150 48,148 62,617 Net Book Value: As at 31 March 2024 As at 31 March 2023 14. Dobtors 2023 Prepayment 12,793 15. Credltors: amounts falllng due wlthln ono year 2024 2023 Organisation called Heart Link Chiklren's Charity. 4,800 7,200 16. Related party transactions There were no related party transactions during the year or the wevious year. Page 14
HEART LINK (EAST MIDLANDS CHILDREN'S HEART CARE ASSOCIATION) Notes to tha flnanclal statsm•nts for the ear ended 31 March 2024 Continued 17. Funds Balan 1A ri12023 Income ndtture Transfers 31 March 2024 Unrestricted funds General Designated 596.351 200.000 188.958 (137,475) (132,540) (270,015) 48.917 (44,917) 4,000 696.751 22,543 719,294 796,351 188,958 Restrlctod funds: Donation 4,000 (4,000) 800,351 188.958 270.015 719.294 The designated fund is for added parents accommcxlations at the Leicester Hospilals. The restriGted fund are anonymous donatnS that are to be used for a specffic purpose. 18. Analy81s of Net Assets Between Funds Tan Fixed Assels Net Current Assets Total Rostricted Funds: Donation Unrestrlct•d funds: DesKJnated Funds re Parents Accomm(xlation GH Geral Fund 719,294 719,294 719,294 719,294 19 Cessatlon of Charlty The Charlty ceased it's Operatio on 31 March 2024. All of Its Funds (Assets & Liabilities) were transferred to a newly formed Charitsble Incorporated Organisation called Heart Link Childrerb's Charity. The New Charitys CIO Number is 1203709 and Cornpanies House Number CE032768. Page 15
(Registered Charity No.513946) HEART LINK (EAST MIDLANDS CHILDREN'S HEART CARE ASSOCIATION) Income & Ex dItUre Ac¢ount for tho ear ended 31 March 2024 2024 2023 Income Donations Just Giving & slmllar Income Bank interest Caravan income Other Income 81,554 71,791 29,938 5,675 157,565 53,905 9,220 10,310 188,958 231,000 Expondlture Fundraising trading: cost of goods sold Fundralslng charges 562 772 Charitable activities Caravan costs Provision of medical equipment General goods for chlldren's vmrd Research contribution Childrens Ward Contribution - LRI Printing. postagg. stationery & VertISIng Merchandlse Training contribution Parent's accommodatlon Christmas Party Travelling costs Depreciation Support and govern8nce Mlscellaneous Insurance 16.163 40,945 10.607 13,000 16,947 15,222 18,604 10,000 11,103 19,788 15,732 1.060 24.458 11,542 132,540 12,565 1,484 13,472 5,176 5,901 3,864 733 270,015 132,473 Net (deflclt) surplus for tho ar (81,057) 98,527 Funds brought forward 800,351 701.824 Surplus carrlod fOard 719,294 800,351 Page 16