Charity registration number 801940
THE PREVENTIVE CARDIOLOGY TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
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 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 13 |
THE PREVENTIVE CARDIOLOGY TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2023
The trustees present their annual report and financial statements for the year ended 30 September 2023.
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 (2nd 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 1st 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 1st 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.
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THE PREVENTIVE CARDIOLOGY TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023
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.
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 re-hospitalisations, 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 and more recently by Novartis. 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 has been developed by a UK company, Citrus Suite, co-designed with a Croi patient group in Galway. A feasibility study of the I-App in terms of acceptability and usage has been undertaken in the Cardiac Care Unit at Galway University Hospital and the results will be used to inform the planning of a randomised controlled trial to evaluate the impact of the I-App on 16 week and one year outcomes.
A EUROASPIRE VI survey has now been launched under the auspices of the European Society of Cardiology 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 with sponsorship from Novo Nordisk and Novartis.
The Trust’s annual prize to recognise outstanding contributions by members of staff in the NHS Department of Cardiology and the academic department of Cardiovascular Medicine at Charing Cross campus and the Hammersmith Hospital campus was awarded to Irene Gibson for outstanding achievement and contribution to the area of cardiovascular health at Croi and National Institute for Prevention and Cardiovascular Health.
Financial review
The fund balance at the year end amounted to £127,065. 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 further evaluated in a randomised controlled trial. The EUROASPIRE VI survey is now launched 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.
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THE PREVENTIVE CARDIOLOGY TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEM8ER 2023 Plan5 lor future periods The Trust aims lo continue raising funds Iri supporf further research Into the causès and Pfevenlion of CVD. The main activities ol the Trust In the coming year are to support academic staff In all their fesearch actrvilies This will Indude thè publiratitsn of new soenbfi¢ papers frorn ltte Vth EUROASPIRE sueY In hospital and pnmary care induiSing ASPIRE->PREVENT, and IRELAND-ASPIRE. With the oompletion of the INTERCEPT feasibility study Dt the a¢ceplability and usage ol the l-App at Galway University Hospital In December 2023 the next step Is to undertake a randomised controllert trial to evaluate lilestyle. risk faetor and Iherapeulic outcomes at 18 weeks and one ye8r for w'hich lunding wll be SOk5ght The ASPIRE-TO-ACTION Project wll be the UK contribLrti¢n to EUROASPIRE Vl whith was officially launched by the European Souely ol Cardidogy in Octotser 2023. The hospital phase ofASPIRE-T(>ACTIONIEUROASPIRE Vl will be undertaken over Ihe penod 2023.25 Dr Susan Connolly, one of lh¢ TruBlees, was the Clinical Lead for Ihe Our Hearts Our Mind5 Prograrrme for Cardnvascular Health In Northern Iraland. She has now moved positions to take up a Consultant ¢ardiolo91St wst in Galway University Hosprtal Ireland. She will be leading < the development of an Inlegraled chronic disease management hub cenlred around cardiovascular. respifatory disease and tjiabetes She plans to develop the EUROACTIOWOur Hearts Our Minds Model In the hub as well as continue lo develop the wrtual ¢8rd10vèscular plafforyn CHARLI in coniundion wrth Google Fitbit and Connected Life. Structure, goveman¢e and management The Preventive Cardiology Trust was cieaL8d. and Is governed by its Trust Deed dated 10 May 1989 and subsequent Deeds DI Variabon 15 December 1998 and 25 November 2003 The Trustees are appotnted by the Board ol Trvslèas on tht basis of Ilièir skill and •xpenenca In areas rgl*vant to the Trust's aims and objeetives Thè Trust Oèed provides lor a minimurn 01 3 Trustees and a maximum of 15 TNstees. Training lor the Trv6tÈes wll be arTanged as And when It Is deemed necessary. All decisions affecting the Trust are iaken by Ihe TrLSslees. whilst the adrninistrator Is responsible for the day to day management of the Trust. The Trustees hav8 examined the Fnajor strategi¢, business and operatfonal rfsks which the Trust laces and confirn that systerns have been established to enable regular reports io b8 produced 50 that the necessary $teps can be tsken to lessen the rssks. The Ituslees whts served during the year and up to the dale ol signature of the financial slatements were.. Prolessw G De Bad(er Dr S ConnL4Iy Dr J Jones Profèssor K Kotseva Pmf•ssor D Wwd The trustees, re rt was approved by the 8oard of Truslee8. Profes ack Date..
THE PREVENTIVE CARDIOLOGY TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE PREVENTIVE CARDIOLOGY TRUST
I report to the trustees on my examination of the financial statements of The Preventive Cardiology Trust (the trust) for the year ended 30 September 2023.
Responsibilities and basis of report
As the trustees of the trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the trust’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the trust as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
==> picture [107 x 28] intentionally omitted <==
F J Wilde FCCA MBA DChA
Warner Wilde 4 Marigold Drive Bisley Surrey GU24 9SF
Dated: 26 July 2024
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THE PREVENTIVE CARDIOLOGY TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2023
| Unrestricted Restricted funds funds 2023 2023 Notes £ £ Income from: Charitable activities 3 9,977 164,447 Investments 4 591 - Total income 10,568 164,447 Charitable activities 5 - 96,786 Net income/(expenditure) 10,568 67,661 Transfers between funds - - Net movement in funds 10,568 67,661 Reconciliation of funds: Fund balances at 1 October 2022 5,515 43,321 Fund balances at 30 September 2023 16,083 110,982 |
Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 174,424 12,807 70,398 591 145 - 175,015 12,952 70,398 96,786 32,907 58,345 78,229 (19,955) 12,053 - 202 (202) 78,229 (19,753) 11,851 48,836 25,268 31,470 127,065 5,515 43,321 |
Total 2022 £ 83,205 145 83,350 91,252 (7,902) - (7,902) 56,738 48,836 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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THE PREVENTIVE CARDIOLOGY TRUST BALANCE SHEET AS A T 30 SEPTEMBER 2023 2023 2022 Notes Current assets Oebtors Cash ai bqnk and In hand 10 42.338 91.610 52.757 43.037 133,948 Creditors.. amounts falllftg tjue wlthln one year 95.794 11 4é.958 Nel ojrrenl assets 127.065 48.836 The ftÈnds of the trnst Restncled Incorne funds Unrestricted bjnds 12 110,982 16,083 43.321 5.515 127.065 48.836 The financkil 5PterrÉnts were approved by the trustees on 2.<fl & {,. Inl ¥ er Tru$
THE PREVENTIVE CARDIOLOGY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
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 amounts 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 or grantors 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.
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THE PREVENTIVE CARDIOLOGY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023
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 payments 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.
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THE PREVENTIVE CARDIOLOGY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023
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 Income from charitable activities
| Unrestricted Restricted funds funds 2023 2023 £ £ Sale of goods 9,977 - Performance related grants - 164,447 9,977 164,447 |
Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 9,977 12,807 - 164,447 - 70,398 174,424 12,807 70,398 |
Total 2022 £ 12,807 70,398 |
|---|---|---|
| 83,205 |
4 Income from investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2023 | 2022 | |
| £ | £ | |
| Interest receivable | 591 | 145 |
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THE PREVENTIVE CARDIOLOGY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023
5 Expenditure on charitable activities
| Charitable | Charitable | |
|---|---|---|
| Activities | Activities | |
| 2023 | 2022 | |
| £ | £ | |
| Direct costs | ||
| MyAction | 120 | 3,002 |
| Education, travel & conferences | 41,653 | 23,287 |
| Aspire-3-Prevent | - | 7,605 |
| Intercept | 39,237 | 47,739 |
| Subscriptions | 4,442 | 2,594 |
| 85,452 | 84,227 | |
| Grant funding of activities (see note 6) | 1,384 | (978) |
| Share of support and governance costs (see note 7) | ||
| Support | 6,679 | 6,329 |
| Governance | 3,271 | 1,674 |
| 96,786 | 91,252 | |
| Analysis by fund | ||
| Unrestricted funds | - | 32,907 |
| Restricted funds | 96,786 | 58,345 |
| 96,786 | 91,252 |
6 Grants payable
| Charitable | Charitable | |
|---|---|---|
| Activities | Activities | |
| 2023 | 2023 | |
| £ | £ | |
| Grants to institutions: | ||
| Other | 1,384 | (978) |
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THE PREVENTIVE CARDIOLOGY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023
7 Support costs allocated to activities
| Governance costs Analysed between: Charitable Activities |
2023 £ 8,312 1,638 9,950 9,950 |
2022 £ 6,329 1,674 |
|---|---|---|
| 8,003 | ||
| 8,003 |
8 Trustees
None of the trustees (or any persons connected with them) received any remuneration during the year, but three (2022: one) of them were reimbursed a total of £ £40,034 travelling expenses and £10,992 other (2022one was reimbursed £ £19,283).
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 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
10 Debtors
| Amounts falling due within one year: Other debtors 11 Creditors: amounts falling due within one year Accruals and deferred income |
2023 £ 42,338 2023 £ 6,883 |
2022 £ 52,757 |
|---|---|---|
| 2022 £ 46,958 |
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THE PREVENTIVE CARDIOLOGY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023
12 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At 1 Intercept MyAction Aspire-3-Prevent Aspire-2-Action Previous year: At 1 Intercept MyAction Aspire-3-Prevent |
October 2022 Incoming resources Resources expended Transfers At 30 September 2023 £ £ £ £ £ 21,909 84,447 (95,040) - 11,316 19,984 - (318) - 19,666 1,428 - (1,428) - - - 80,000 - - 80,000 43,321 164,447 (96,786) - 110,982 October 2021 Incoming resources Resources expended Transfers At 30 September 2022 £ £ £ £ £ - 69,648 (47,739) - 21,909 22,437 750 (3,001) (202) 19,984 9,033 - (7,605) - 1,428 31,470 70,398 (58,345) (202) 43,321 |
|---|---|
13 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 General funds Previous year: At 1 General funds |
October 2022 Incoming resources Resources expended Transfers At 30 September 2023 £ £ £ £ £ 5,515 10,568 - - 16,083 October 2021 Incoming resources Resources expended Transfers At 30 September 2022 £ £ £ £ £ 25,268 12,952 (32,907) 202 5,515 |
|---|---|
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THE PREVENTIVE CARDIOLOGY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
14 Analysis of net assets between funds
| Unrestricted Restricted funds funds 2023 2023 £ £ Fund balances at 30 September 2023 are represented by: Current assets/(liabilities) 16,083 110,982 16,083 110,982 Unrestricted Restricted funds funds 2022 2022 £ £ Fund balances at 30 September 2022 are represented by: Current assets/(liabilities) 5,515 43,321 5,515 43,321 |
Total 2023 £ 127,065 |
|---|---|
| 127,065 | |
| Total 2022 £ 48,836 |
|
| 48,836 |
15 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.
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