**Charity registration number 801940**
## **THE PREVENTIVE CARDIOLOGY TRUST**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
# **FOR THE YEAR ENDED 30 SEPTEMBER 2022**
## **THE PREVENTIVE CARDIOLOGY TRUST**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Professor G De Backer|
|---|---|
||Dr S Connolly|
||Dr J Jones|
||Professor K Kotseva|
||Professor D Wood|
|**Charity number**|801940|
|**Principal address**|Professor David Wood's Research Group|
||3rd Floor, Room 332, NHLI, ICTEM Building|
||Du Cane Road|
||London|
||NW12 0NN|
|**Independent examiner**|F J Wilde FCCA MBA DChA|
||Warner Wilde|
||4 Marigold Drive|
||Bisley|
||Surrey|
||GU24 9SF|
|**Bankers**|TSB Bank|
||31 Above Bar St|
||Southampton|
||SO14 7DX|
## **THE PREVENTIVE CARDIOLOGY TRUST**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Independent examiner's report|4|
|Statement of financial activities|5 - 6|
|Balance sheet|7|
|Notes to the financial statements|8 - 14|
## **THE PREVENTIVE CARDIOLOGY TRUST**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 30 SEPTEMBER 2022**_
The trustees present their annual report and financial statements for the year ended 30 September 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the trust's [governing document], the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) " (effective 1 January 2019 ).
## **Objectives and activities**
The objects of the Trust are the promotion for the public benefit of research into the prevention of coronary heart disease and other forms of heart and vascular disease and without prejudice to the generality of the foregoing for research into the frequency aetiology natural history treatment and prevention of such diseases, and the dissemination of the useful results of all such research with powers to provide staff equipment consumables accommodation and all facilities required for the furtherance of such research; to support all clinical aspects of the identification and treatment of individuals at risk of coronary heart disease or other forms of heart and vascular disease; to support the education of individuals by funding attendance at scientific and educational meetings and by supporting visits to other academic groups and institutions and by supporting the organisation of scientific meetings; to support all activities related to the education of the general public on the causes and prevention of coronary heart disease and other forms of heart and vascular disease.
The Preventive Cardiology Trust supports the work of Professor David Wood in his capacity as Emeritus Professor of Cardiology at the National Heart and Lung Institute, a Division of the Imperial College Faculty of Medicine, Imperial College London, and in his parallel appointment as Adjunct Professor of Preventive Cardiology at the National University of Ireland – Galway, Republic of Ireland, since February 1st 2018.
The Trust receives research funding from pharmaceutical companies and other organisations to further all aspects of cardiovascular research within the remit of the Trust Deed.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake.
## **Achievements and performance**
In the last year the Trust has supported Professor Wood in his research and teaching role as Adjunct Professor of Preventive Cardiology at the National University of Ireland Galway and Director of Research, Strategy and International relations at the National Institute for Prevention and Cardiovascular Health at the Croi Heart and Stroke Centre in Galway. The Trust continues to support him in his professional editorial role as Joint Editor in Chief of the European Society of Cardiology Textbook of Preventive Cardiology (2 nd Edition) and Senior Consulting Editor to the European Journal of Preventive Cardiology (EJPC), previously the European Journal of Cardiovascular Prevention and Rehabilitation (EJCPR), and in his other professional commitments at an international and national level to join scientific conferences and meetings. Professor Wood holds an Emeritus appointment as Professor of Cardiology at the National Heart and Lung Institute since February 1 st 2019. Professor Wood was also appointed as Adjunct Professor of Preventive Cardiology to the National University of Ireland – Galway in 2017 and was appointed to a half time contract as Director of Research, Strategy and International Relations at the National Institute for Prevention and Cardiovascular Health on February 1 st 2018 which is renewable annually.
The Trust has also supported some of the administrative costs of the research group and support for other academic staff to attend courses and conferences up until the arrival of Covid-19 and, subsequently, to join courses and conferences virtually.
The Trust is continuing to support statistical analyses and publications of ASPIRE-3-PREVENT(A-3-P), which is part of the EUROASPIRE V survey (2016-18) conducted across 27 European countries under the auspices of the European Society of Cardiology with funding from several pharmaceutical companies. The principal results of the A-3-P coronary patient survey were published in Open Heart. The A-3-P high risk primary care survey is currently being analysed with a view to publication in the same journal in 2023.
- 1 -
## **THE PREVENTIVE CARDIOLOGY TRUST**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2022**_
With the permission of the sponsors of ASPIRE-3-PREVENT this survey was extended to the Republic of Ireland with funding granted by the Trust to Croi, the Heart and Stroke charity in Galway. IRELAND-ASPIRE has the same objectives as ASPIRE-3-PREVENT and this new survey was completed in October 2019 and is now published in Open Heart. A one year follow-up of all patients has been undertaken to measure rehospitalisations, procedures and mortality.
A new research project called INTERCEPT, developed in response to the impact Covid-19 has had on cardiology services, and specifically cardiac rehabilitation, is now sponsored by NovoNordisk. The objective of INTERCEPT is to bridge the preventive care of coronary patients from hospital to home with a nurse-led programme supported by a health application: IINTERCEPT-App. The I-App is being developed by a UK company, Citrus Suite, and is being co-designed with a Croi patient group in Galway. A feasibility study of the I-App in terms of acceptability and usage is planned in the Cardiac Care Unit at Galway University Hospital.
A EUROASPIRE VI survey is being planned and as part of this 27 country survey the UK contribution will be made through ASPIRE-TO-ACTION, a UK survey of secondary and primary prevention of CVD in collaboration with national specialist societies.
## **Financial review**
The fund balance at the year end amounted to £ 48 , 836 . As the plans for the future relate to these funds, the Trustees consider this to be satisfactory, although funding is required to cover general costs of the charity.
It is the policy of the Trustees to accumulate sufficient funds within reserves to allow the Trust to continue to operate during the period between expenditure being incurred and agreed support received.
In summary the Trust continues to support research and practice in the prevention of coronary heart disease and other forms of heart and vascular disease by supporting Professor Wood and his staff in their professional, scientific and clinical roles. The results of the EUROASPIRE V, ASPIRE-3-PREVENT and I-ASPIRE surveys, supported by the Trust, will be a continuing stimulus to raise standards of evidence based care in secondary and primary prevention of cardiovascular disease. The INTERCEPT project will bridge preventive care for coronary patients from the point of hospital discharge to joining a cardiac rehabilitation programme and will be evaluated in a feasibility study in 2023. The EUROASPIRE VI survey is being planned and will include ASPIRE-TO-ACTION as the UK contribution to this European study of secondary and primary prevention of CVD.
The trustees have assessed the major risks to which the trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Plans for future periods**
The Trust aims to continue raising funds to support further research into the causes and prevention of CVD. The main activities of the Trust in the coming year are to support academic staff in all their research activities. This will include the publication of new scientific papers from the Vth EUROASPIRE survey in hospital and primary care including ASPIRE-3-PREVENT, and IRELAND-ASPIRE. The INTERCEPT project will include a feasibility study of the acceptability and usage of the I-App at Galway University Hospital in 2023 with a view to undertaking a randomised controlled trial to evaluate lifestyle, risk factor and therapeutic outcomes. The ASPIRE-TO-ACTION project will be the UK contribution to EUROASPIRE VI.
Dr Susan Connolly, one of the Trustees, was the Clinical Lead for the Our Hearts Our Minds Programme for Cardiovascular Health in Northern Ireland. She has now moved positions to take up a consultant cardiologist post in Galway University Hospital Ireland. She will be leading on the development of an integrated chronic disease management hub centred around cardiovascular, respiratory disease and diabetes. She plans to develop the EUROACTION/Our Hearts Our Minds Model in the hub as well as continue to develop the virtual cardiovascular platform CHARLI in conjunction with Google Fitbit and Connected Life.
- 2 -
## **THE PREVENTIVE CARDIOLOGY TRUST**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2022**_
## **Structure, governance and management**
The Preventive Cardiology Trust was created, and is governed by its Trust Deed dated 10 May 1989 and subsequent Deeds of Variation 15 December 1998 and 25 November 2003.
The Trustees are appointed by the Board of Trustees on the basis of their skill and experience in areas relevant to the Trust’s aims and objectives. The Trust Deed provides for a minimum of 3 Trustees and a maximum of 15 Trustees. Training for the Trustees will be arranged as and when it is deemed necessary. All decisions affecting the Trust are taken by the Trustees, whilst the administrator is responsible for the day to day management of the Trust.
The Trustees have examined the major strategic, business and operational risks which the Trust faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen the risks.
The trustees who served during the year and up to the date of signature of the financial statements were: Professor G De Backer
Dr S Connolly
Dr J Jones Professor K Kotseva Professor D Wood
The trustees' report was approved by the Board of Trustees.
.............................. Professor G De Backer
Date: .............................................
- 3 -
THE PREVENTIVE CARDIOLOGY TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE PREVENTIVE CARDIOLOGY TRUST
I pOrt to the trustees on my examinatbjn of the financial statements of The Preventtve Cardlology Trust {the
trust) for the year ended 30 September 2022.
Rosponslbllltles and basls of report
As the trustees of the trust you are Trswn&blg for the prnparation of the finandal statements in accordance with
the requlrements of the Charltle8 Act 2011 (th9 2011 Act}.
I report In r8SP8Ct of my examlnation of the trusys financral stslements cafrigd out under $8ctlon 145 of the 2011
Act. In carrying out my examination I havè followed all tha applicable DirecOn8 gen by the Ch8ty Commlsslon
under $8ction 145(51(b) of the 2011 Act.
Indondant •xamlnarf# #tat•m•nt
Your 8ttenllon is drawn to the fact thal Ihe chaiity has preparnd flnandal stat8in8nts In accordanco wlth
Accounllng and Repoiknng by Charitles preparing their acunIS in ardaftce with the Flnandal Reportlng
Standard appllGable in the UK and Rgpublic of Ireland IFRS 1021 in preferencg to the AcC(ntIng arKI Reportlng
by Charities: Statemont of Recommended Pradiee Issued on 1 Aprll 2005 whlch Is referred to In the extsnl
regulations but has now been withdr8wn.
l underJtand that th18 has been don8 In order for fknandal statemgnts to provlde a truo and falr vlew In
aG¢ordance with Goner8ty Acc8pted Accounllng Practlce effedvo for reporting Per13 bagknning on or aftor 1
January 2015.
I have completed my 8xamination. I confim) that no matters havo coTh to rny attentlon In connodon wlih th8
examinalon giwng mè cause lo believe that in any material respect..
accountlng record$ ware not kept In rgspg¢t of the trust as requlrad ty $8don 130 of tho 2011 Act., or
the financial statements do not accord wilh thos& records,. or
thg financlal statemonts do not cx*mply with tho applthbl6 requirements eoncemlng the fom and contant of
accounts $61 out in the Charitles IA¢cwnts and Reports) Regul8tK)ns 2008 other than any requlrement that
the accounts givo a trug and lair viow vthith is not a matter con¥lder6d a8 part of an Indep6nd8nl
examination.
I have no concems and have come acro$$ no other matters In connactlon wlth the examlnalKJn lo whlch attention
should be drawn In thls report In order to enab a proper understanding of tha financial ststemgnts to be
r88ched.
F J Wllde FCCA MBA DChA
Wamer Wilde
4 Marigold OrSve
Bi51gy
Surrey
GU24 9SF
## **THE PREVENTIVE CARDIOLOGY TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 30 SEPTEMBER 2022**_
|**Current financial year**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
12,807
70,398
Investments
**4**
145
-
**Total income**
12,952
70,398
**Expenditure on:**
Charitable activities
**5**
32,907
58,345
**Net (outgoing)/incoming resources before transfers**
(19,955)
12,053
Gross transfers between funds
202
(202)
**Net (expenditure)/income for the year/**
**Net movement in funds**
(19,753)
11,851
Fund balances at 1 October 2021
25,268
31,470
**Fund balances at 30 September 2022**
5,515
43,321|**Total**
**2022**
**£**
83,205
145
83,350
91,252
(7,902)
-
(7,902)
56,738
48,836|**Total**
**2021**
**£**
133,566
1,308
134,874
179,589
(44,715)
-
(44,715)
101,453
56,738|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 5 -
## **THE PREVENTIVE CARDIOLOGY TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 30 SEPTEMBER 2022**_
## **Prior financial year**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
36,100
97,466
Investments
**4**
1,308
-
**Total income**
37,408
97,466
**Expenditure on:**
Charitable activities
**5**
26,620
152,969
**Net (outgoing)/incoming resources before transfers**
10,788
(55,503)
Gross transfers between funds
(3,882)
3,882
**Net (expenditure)/income for the year/**
**Net movement in funds**
6,906
(51,621)
Fund balances at 1 October 2020
18,362
83,091
**Fund balances at 30 September 2021**
25,268
31,470|**Total**
**2021**
**£**
133,566
1,308
134,874
179,589
(44,715)
-
(44,715)
101,453
56,738|
|---|---|
- 6 -
## **THE PREVENTIVE CARDIOLOGY TRUST**
## **BALANCE SHEET**
## _**AS AT 30 SEPTEMBER 2022**_
|**2022**
**Notes**
**£**
**Current assets**
Debtors
**9**
52,757
Cash at bank and in hand
43,037
95,794
**Creditors: amounts falling due within**
**one year**
**10**
(46,958)
Net current assets
**Income funds**
Restricted funds
**11**
Unrestricted funds
The financial statements were approved by the Trustees on .........................
..............................
Professor G De Backer
**Trustee**|**£**
48,836
43,321
5,515
48,836
|**2021**
**£**
-
60,026
60,026
(3,288)|**£**
56,738|
|---|---|---|---|
||||31,470
25,268|
||||56,738|
|||||
- 7 -
**THE PREVENTIVE CARDIOLOGY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2022**_
## **1 Accounting policies**
## **Charity information**
The Preventive Cardiology Trust is a charity constituted by a trust deed dated 10 May 1989, amended by deeds of variation December 1998 and November 2003.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the trust's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The trust is a Public Benefit Entity as defined by FRS 102.
The trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling , which is the functional currency of the trust . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the trust.
## **1.4 Income**
Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 8 -
## **THE PREVENTIVE CARDIOLOGY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2022**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.7 Financial instruments**
The trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the trust 's balance sheet when the trust becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the trust ’s contractual obligations expire or are discharged or cancelled.
- 9 -
**THE PREVENTIVE CARDIOLOGY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2022**_
## **1 Accounting policies**
## **(Continued)**
## **1.8 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Critical accounting estimates and judgements**
In the application of the trust’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
||**2022**|
**2021**|
|---|---|---|
||**£**|
**£**|
|Sales within charitable activities|12,807|
11,971|
|Performance related grants|70,398|
121,595|
||83,205|
133,566|
|Analysis by fund|||
|Unrestricted funds|12,807|
36,100|
|Restricted funds|70,398|
97,466|
||83,205|
133,566|
|**Investments**|||
||**Unrestricted**|Unrestricted|
||**funds**|funds|
||**2022**|2021|
||**£**|£|
|Interest receivable|145|1,308|
## **4 Investments**
- 10 -
## **THE PREVENTIVE CARDIOLOGY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2022**_
## **5 Charitable activities**
|MyAction
Education, travel & conferences
Aspire-3-Prevent
Intercept
Subscriptions
Grant funding of activities (see note 6)
Share of support costs (see note 7)
Share of governance costs (see note 7)
**Analysis by fund**
Unrestricted funds
Restricted funds|**2022**
**£**
3,002
23,287
7,605
47,739
2,594
84,227
(978)
6,329
1,674
91,252
32,907
58,345
91,252|**2021**
**£**
4,479
18,123
68,490
80,000
3,572
174,664
1,392
1,463
2,070
179,589
26,620
152,969
179,589|
|---|---|---|
## **6 Grants payable**
||**2022**|2021|
|---|---|---|
||**£**|£|
|Grants to institutions:|||
|Other|(978)|1,392|
-
- 11 -
**THE PREVENTIVE CARDIOLOGY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2022**_
|**7**
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Administration
6,329
-
Accountancy and IE
-
1,674
6,329
1,674
Analysed between
Charitable activities
6,329
1,674|**2022**
Support
costs
Governance
costs
**£**
£
£
6,329
1,463
-
1,674
-
2,070
8,003
1,463
2,070
8,003
1,463
2,070|2021
£
1,463
2,070
3,533
3,533|
|---|---|---|
## **8 Trustees**
None of the trustees (or any persons connected with them) received any remuneration during the year, but one of them w as reimbursed a total of £ £17,675 travelling expenses and interest charges and £1.608 insurances (2021- none were reimbursed £Nil ).
All travel was in relation to fulfilling the objects of the charity as approved by the board of Trustees and it is the policy of the Trust to reimburse travel insurance costs.
## **9 Debtors**
|**Amounts falling due within one year:**
Other debtors
**10**
**Creditors: amounts falling due within one year**
Accruals and deferred income|**2022**
**£**
52,757
**2022**
**£**
46,958|**2021**
**£**
-
**2021**
**£**
3,288|
|---|---|---|
- 12 -
## **THE PREVENTIVE CARDIOLOGY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2022**_
## **11 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|**Balance at**
**1 October 2020**
**£**
Intercept
-
MyAction
26,141
Aspire-3-Prevent
56,950
83,091|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
80,000
(80,000)
990
(4,479)
16,476
(68,490)
97,466
(152,969)|**Transfers**
**Balance at**
**1 October 2021**
**£**
**£**
-
-
(215)
22,437
4,097
9,033
3,882
31,470|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
69,648
(47,739)
750
(3,001)
-
(7,605)
70,398
(58,345)|**Transfers**
**Balance at**
**30 September**
**2022**
**£**
**£**
-
21,909
(202)
19,984
-
1,428
(202)
43,321|
|---|---|---|---|---|
- 13 -
## **THE PREVENTIVE CARDIOLOGY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2022**_
|**12**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2022**
**2022**
**£**
**£**
Fund balances at 30
September 2022 are
represented by:
Current assets/
(liabilities)
5,515
43,321
5,515
43,321|**Total**Unrestricted
funds
Restricted
funds
**2022**
2021
2021
**£**
£
£
48,836
56,738
-
48,836
56,738
-|Total
2021
£
56,738
56,738|
|---|---|---|
## **13 Related party transactions**
## **Transactions with related parties**
During the year the trust entered into the following transactions with related parties:
One trustee received reimbursement of interest charges on a credit card used solely for charitable expenditure and reimbursement of travel insurance costs.
- 14 -