CHARITY REGISTRATION NUMBER: NIC100399
The Heart Trust Fund (Belfast Heart Centre)
Unaudited Financial Statements
31 December 2022
Finegan Gibson Ltd
Chartered Accountants & Registered Auditors
Causeway Tower
9 James Street South
Belfast
BT2 8DN

The Heart Trust Fund (Belfast Heart Centre)
Financial Statements
Year ended 31 December 2022
Page
Trustees. annual report
Independent examiner's report to the trustees
Statement of financial activities
statement of financial position
Notes to the financial statements

The Heart Trust Fund (Belfast Heart Centre)
Trustees. Annual Report
Year ended 31 December 2022
The Iruslees present their report and the unaudited financial slalements of the charity foi the year
ended 31 December 2022.
Chair's report
Reference and admlnlstratlva detalls
Reg5stered ¢harlty name
The Heart Trust Fund {Belfast Heart Cenlrel
Charity registratlon number
NIC100399
Principal Offlce
98 Casle Street
Comber
Newtonwnards
BT23 5DY
Thg trusts8$
Dr R A Hamilton (Chairperson)
Professor J McL2ughlin
Dr N Johnston
Sir M Horner
Mr D Allister
Independent examiner
Finegan Gibson Ltd
Causeway Tower
9 Jamgs Slrgel South
Bellasl
BT2 8DN

The Heart Trust Fund (Belfast Heart Centre)
Truste8s' Annual Report Iconllnued)
Year ended 31 December 2022
Structure. goveman¢e and management
Govgrning Document
The Heart Trust Fund was established by a Trust Detsd in 1980. There were subsequent amending
deeds and, in partiCLJlar, a deed of settlèment issued in thè High CoLJrt in 1990 which clearfy sets out
the objectives and the prescribed structure. A change of name on the Trust Deed from The Heart
Trust Fund (Royal Victoria Hospital) to The Heart Trust Fund (Be￿ast H8art Centre} was approved by
the Court in September 2021, having been approved by The Charity Commission in January 2021.
Deeds of Retirement and Appointment of new Trustees were also updated in September 2021.
Appointment of Trustees
TTUStees are recruited lo meet the skills required lo effectively run the charity. The number of Injstees
is five, as pres¢ribed by the trust deed. The skills and knol￿edge required include medical knowledge.
legal. investment and an understanding of research. There have been no changes lo the Chair or
other Trustees during 2022.
rrnstees Induction and Tralnlng
Naw Irusteas are givén a dètailèd 8xplanalion of the work of the charity. They arg also gulded through
the Trust Deeds which established the charity with particular emphasis on the objectives. Visi15 to the
Cardidogy Department al Ihe Belfast Trust are arranged at inteNals lo allow the trustees to develop a
good undèrstanding of the organisalion which the charity was established to support. Such visits had
not occurred during the COVID pandemic but a visit was r￿establiShed during 2022.
Oryanisation Struoturn
The trustees usually meet two or three times a year, ￿e￿ndIng on 8ppli¢alions and financial
commilmants. Di5CUS5ion and decisions taken are re¢ordd in the minutas of @ach meeting. In the
event of an issue having no overall consensus, decisions are taken by a majorty of vote. Face lo face
eelings were re-estsblished during 2022 one in April 8nd 8 second meeting in October. This latter
meeting was combined with a visit lo the Cardiology Department whet8 8s well as the routine
business agenda we had presentations from the staff who were receiving research grants from the
Heart Trust Fund. We also had the opportunity lo meet their supervisors and other departmental staff.
Related Partios and Co-operalion wlth othw Organisations
As dictated by our Trust Deed, one of OLJr trustees is appointed by the Cardiology Departrnenl of the
Royal Victoria Hospital. the organisation which the Charity was established to support.
Risk Managam•nt
The Charty does not recognise any "major risks. In order lo meet th8 unlikely risk of legal challenge
the Trustees have pul in place appropriate insuran￿.

The Heart Trust Fund (Belfast Heart Centre)
Trustees. Annual Report lunllnu9d)
Year ended 31 December 2022
Objectiv•s and activities
The objectives of th8 fund are Sel out in the 1990 Trust Deed wth the name ch8ng8 updated in Deeds
of Retirement and Appointment of New trustee5 in 2021 and are as follows..
. The advancement and support of the Belfast Heart Centre.
The promotion and support of Cardiac Res&arch in the Belfast H&art Cenlre.
The promotion of high standards of patient care in Be￿ast Heart Centre.
The provisicsn of facilities and services for th9 caré of pati8nts requiring care in the Belfast Heart
Centre.
The promouon of high stsndards of patient care in Surgical Cardiology at the region81 centr8 in
Belfast.
The provision of facilities and seNices for the care of patients requiring Surgical Cardiac treatment at
the at the regional c8ntre in Belf8sI.
The promotion and advaneernenl of hospttal research into medical and surgical treatment in cardiac
disease in Northem Ireland.
Public Benefit
The Trustees, having regard to the Northèrn Ireland Charity Commission guidance on public benefit.
have reviewed the activities of the Trust and the work at the Belfast Heart Centre which the Trust
supports. Public health of the population of Northern Ireland is benefitted in a variety of aspects of
cardiac care and a secbon on the application form for grants now requests clinical or soThetal impact to
be addressed.
Achlevements and performance
Duiing 2022 the Trust continued to fund a variety of projects. one project continued which had
commenced in February 2021 initially as a iwo year project bul subsequently approved for a three
year PhD. A further Iwo year project for an MD commenced in August 2022.
A grant was approved for a third project to run over years whith is due to commence during 2023.
No applications were re￿iVed to support staff training during 2022.
The Heart Tiust Fund website was up¢Jated during the year using an extemal source who will also
maintain it.

The Heart Trust Fund (Belfast Heart Centre)
Trustees. Annual Report (contlnu•LIJ
Year 8nded 31 December 2022
Financial revièw
The financial position of The Heart Trust Fund In 2022 showed a decrease in lotsl value of 10.20A.
Expenditure was higher than the previou5 kn years as research recommenced following the
pandemic. Total income generated from investments and donations was £193.448, an increase from
the previous year due to a generous bequest from fvyo estates. The investment management costs
associated with running the Trust and its inveskn8nts was £14.812 equivalent to 7.SQA of gross
income.
Rese￿e$ Pollcy
It is our policy lo retsin a cash reserve of approximately 50% of our average dnnual expenditure. At
the Of year our cash reserve was £148.439 well in excess of our target amount.
Investment Pollcy
We maintain 8 statement of Investment Policy whlch continues to be revlewed on an annual basls.
Plans for future periods
We will continue to support the work in the Belfast Heart Centre as well as offertrbg sorne training
support to nursing staff in other ¢ardiology departments within Northem Ireland.
Post Year End Impa¢t gf Covld-19
Research aclivty appear5 to be baGk lo normal in the Belfast Heart Centre post Covid-19 and the
expe¢tsli)n is that application5 for research grants will conts.nue as previously. The Charity finance5
appear lo be faidy stable al present. Funding for projects is from income generated from investments
with some income from individual donations. The Trustee meetings have settled to Iwo each year,
face to face and can be increased if required. Financially the Trust is stablo and iii u good position lo
maintain ils objectives in the year ahead.
The trustees, annual report was approved on 10th August 2023 and signed on behalf ol the trx)ard of
trustees by..
Dr R A Hamilton (Chairperson)
Trustee
rofessor J McLaughlin
Trustee

The Heart Trust Fund (Belfast Heart Centre)
Independent Examinerfs Report to the Trustees of The Heart Trust Fund
(Belfast Heart Centre
Year ended 31 December 2022
I report lo the Irusl8es on my examination of the financial statements of The Heart Trust Fund18eWasl
Heart Cenlrel I'lhe charity'l for the year ended 31 December 2022.
Responsibilities and bas1$ of report
As the trustees of the charity you are responsible for the prepafftlion of the financial statements in
accordance with the requirements of the Charities Act (Northern Ireland) 2008 Ilhe '2008 Acl'l. You
are satisfied that your charity is not required by charily law lo be audited and have chosen instead to
have an independent examination.
I report in respect of my examinatlon of the charity's financial stalernents as carried out under section
65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the
Charity Commission for Northern Ireland under section 6519}Ib) of the 2008 Act.
Independent examIne￿S statement
I hav8 complètgd my examination. I conflrm that no mattèrs have come to my attentlon In connection
with my examinallon giving me cause lo believe that in any material respect=
accounting records were not kept as reqUI￿d by with section 63 of the 2008 Acl., or
the financial slalements do not accord with those records. or
the financial 51alements do not comply with the accounting requirements of the 2008 Act., or
th8 financial slalements do not comtly with the applicable requir8ments conceming the
form and content of acccwnts sel out in the Charities (Accounts and Reports) Regulations
2008 other than any requirement that the accounts give a Irug and fairf Mew which is not a
matter considered as part of an independent examination.
I confirm that there are no other mattèrs lo which your attention should be drawn lo enable a proper
understanding of the accounts lo be reached.
Finegan Gibson Ltd
Independenl Examiner
Causeway Tower
9 James Street South
Belfast
8T2 8DN
l O August 2023

The Heart Trust Fund (Belfast Heart Centre)
Statement of Financial Activities
Year ended 31 December 2022
2022
Unrestrici8d
funds Total funds Tot81 funds
2021
Ngte
Income and endowments
Donations 8nd legacies
Investment income
129.590
63.858
129.590
63.858
13.858
64,066
Total Incorno
193.448
193.448
77.924
Expenditure
Expenditure on raising funds-
Costs of raising donations and legacies
Investment rnanagement costs
Expendlture on charitable activities
Total expenditure
12161
1216)
114.612}
(14,6121
{119,1391 1119,139}
{133.9671 1133.967)
(3031
115.1671
175,5161
190,9861
Net Ilossesygains on invaslmgnls
10
{356.0471 1356,047)
291.032
Net lexpenditurevincome and net movoment in funds
{296.5661 1296,566)
277.970
Reconclllation of fund$
Total funds brought forward
Total funds carried fonvard
2,903,110
2,903,110
2,625,140
2.606,544
2.606,544
2.903.110
The statement of financial actlvities includes all gains and losses recognise(l in the year.
All income and expenditure derive from continuing activitles.
Th• not•s on pagas 8 to 15 form part of thèsè financial ststamènts.

The Heart Trust Fund (Belfast Heart Centre)
Statement of Flnancial Position
31 December 2022
2022
2021
Fixed assets
Investments
14 2.673,024
2,921.886
Current assets
Debtors
Cash al bank and in han
15
354
350
9,044
354
9,394
Credltors: amounts falllng due wlthln one year
Net current li8bllltles
16
66.834
28,170
18,776
66.480
Total assets less current Ilabllftle$
2,606,544
2,606.544
2,9)3,110
2.￿3,110
Net assets
Funds ofthe charlty
Unreslricled funds
2,606.544
17 2,606.544
2,903,110
2.903,110
Total charlty funds
These flnandal slalemenls were approved by the board of trustees and aulhorised for issue on 10
August 2023, and are signed on behalf of the board by:
Dr R A Hamilton (Chairperson)
Trustee
ssor J McL8ughlln
ustee
The notes on pa9e$ 8 to 15 form part of these financial stat•m•nts.

The Heart Trust Fund (Belfast Heart Centre)
Notes to the Flnanclal Statements
Year ended 31 December 2022
General information
The charity is a public benefit entity and a registered chaity in Northern Ireland and is
unincorporated. The address of the principal off￿e is 9b Castle Street, Comber, Newtownards,
BT23 5DY.
Statement of compllance
These financlal statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Slalement of
Recommended Practice applicable lo charilies preparing their accaunls in accordance v4ith the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} (Charities
SORP (FRS 1021) and the Charities Act {Northern Ireland) 2008.
Accounting policies
Basis of preparation
The financlal slalemenls hav8 been pr8pared on the historical cost basls. as modlfigd by the
revaluation of certain financial assets and liabilities and investment properties measured al fair
value through income or expenditure.
Tha financial statements are prepared in sterling. which is the functional curiency of the entity.
Going concern
Thefe are no material uncert81nties about the charitys ability lo continue.
Di$¢losure exemptions
The charity has taken advantsge of the exemption in SORP 2015 from the requirement to
produce a cashffow statèmènt b8cause il is a small charity.
Judgaments and key sources of eslimation uncertainty
Th6 preparatlon of the financial ststements requires management lo make judgements.
eslimales and assumptions that 2ffecl the amounts reporteé. These eslimales and judgements
are Gontinually reviewed and are based on experience and other factors. including expectations
of future events Ihat are believod lo be reasonable under the circumstances.
Fund accounting
Unrestrlcted fund8 are available for use al th8 discretion of the trustses lo furthar 8ny of the
charbty's purposes.
Designated funds are unreslrlcled furKls eanmarked by the Iruslees for particular future project or
commitment.
Reslrittled funds a￿ subjected to reslriclions on their expenditure dedared by the donor or
through the terms of an appeal. and fall into one of sub-dasses.. restricted income funds or
endowment funds.

The Heart Trust Fund (Belfast Heart Centre)
Notes to the Financial Statements (contlftuedj
Year ended 31 December 2022
Accounting policles (¢onflnuedJ
Incoming resources
Al incoming resources are included in th8 Stat8m8nt of financial aclivitl8s when enlillemenl has
PaSS8d lo the charity.. it is probable that the economlc benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following Sp￿lf1¢ pdicies
are apptied to particular categorbes of income..
incoffte from donations or grants is recognised when there is evidence of enlillemenl lo the
gift, receipt is probable and its 8mount Can be measured reliably.
legacy income is recognised when receipt Ss probable and entiljemenl is established.
income from donated goods is measur8d at the fair valuè of the goods unless this is
impr8cllcal to measure reliably. in which case the v81ue is derived from the cost lo the donor
or the eslimate(S resale value. Donated facilities and services are racognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the conlribution of g8naral voluntgers.
income from conlracls for the supply of services is recognised with the delivery of the
onlracted Service. This is dassified as unrestricted funds unless there Is a contractual
r￿UIrement for il lo be spent on a particulai purpose and returned if unspent, in which case
it may be regarded as restrictad.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is classified under headlngs of the statement of
financial aelivilies to which it relates-.
expenditure on r8isino funds includes the costs of all fundraising aclivilies, events,
non-ch8rilable tr8ding 8Ctivities. and the sale of donated goods.
expenditure on charitable activi118s includes all costs ineurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries. including those
support costs and Costs relating lo the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither relal8d lo raising funds for the
harity nor part of its expenditurè on charrtable activities.
I costs are allocated 10 9xp8ndilure calegorios reflecting the use of th8 f8SDurce. Dir8Ct costs
allributabla to a single activity aTe allocated direcdy to that activity. Sharèd costs are apportioned
bettveen the aCtiv￿leS they contribute to on a reasonable, justifiable and consislenl basis.
Tangible assets
Tangible assets are Inltially recorded at cost. and subsequently stated al ¢ost less 8ny
accumulated depreciation and impairment losses. Any tangible assets carried at rèvalued
amounts are recorded at the fair value al the dale of revaluation less any subsequent
accumulated depreciatbon and subsequent accumulated impairment loss6s.

The Heart Trust Fund (Belfast Heart Centre)
Notes to the Financial Statements Icontlnuodj
Year ended 31 December 2022
Accounting policies (contlnued)
Tangtble assets {contlnu8dJ
An increase in the caryng amount of an asset as a result of a r8valuat¢on, is recognised in oth8r
recognised gains an(J losses. unless il reverses a chargè for impairment that has PTeviously been
recognised as expenditure within the statement of financS8l activbties. A decrease in the carrying
amount of an asset as a result of revaluation, is recA)gnised in other recognised gains and losses.
except lo which il offsets any previous revaluation gain. in which case th8 loss is shown within
other recognised g8ins and losses on the statement of financial activilles.
Depreciation
Depreciation is eal¢ulaled so as lo write off the cost or valuation of an asset. less its residual
value, over the useful economic life of that asset as follows..
Fixtures and fittings
25Yo straight line
Investments
Unlisted gquity investments are initially recorded at cost, and subsequenuy measured at fair
value. If fair value cannot be reliably measured. assets are measured al cosl less impairment.
Listed investments are measured at fair value wllh changes in tair value being recognised in
income or expenditure.
Impairment ot flxgd assets
A rgview for indicators of impairment carried out al each reporting dale, with the recoverable
amount belng estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impaimienl tesung, when It is not possitAe lo estimate the recoverable
amount of an individual assel, 8n estimate is made of the recDverable amount of the
cash-generaling unit to which the asset belongs. The cash-generating unit is th8 smallèst
Identrfiable group of assets that indudes the asset and generates cash inflows that larg81y
Independent of the cash inflows from other assets or groups of assets.
For impairment testing ol goodwill, the goodwill acquired in a business combinalion is, from the
8cquisilion date. allocated to each of the c8sh-generating units that are expected to benefrt from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assign8d lo th¢)se units.
Flnancial instruments
A financial asset or a financial liability is recognised only when the charity becomes a paty to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any relaled trans8¢lion costs.
c￿r￿n1 assets and current liabilities are subsequently Measured at the cash or other
consideration expected lo be paid or ￿ceIVed and not discounted.
10

The Heart Trust Fund {Belfast Heart Centre)
Notes to the Flnanclal Statements Iconllnuedj
Year ended 31 December 2022
A¢¢ounting policies (Gofillnuodl
Financial instrumants (￿n￿n￿odj
Debt instrumènts are subsequently measured al amortised (x)sl.
Where investments in shares are publidy traded or their fair value can otherwse be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. Al other such investments are subsequently measured at
cost less impairment.
Other financial inslrurnenls. including derwatwes, are initially recognised al fair value. unless
payment for an asset is deferred beyond normal business temis or fInan￿d at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted al a market rale of interest for a similar debt instrument.
Other financi31 instruments are subsequenlly measured at fair value. with any changes
recognised in the ststement of financial aclNilies, with the exception of hedging instruments in a
d8signated hedging relationship.
Financial assets that are measurgd al cost gr amort15ed Gost are reviewed ft)r objective gvidence
of impairment at the end of each reporting dale. If there 15 objective evidence of irnpaiment, an
impaimient loss is recognised under the appropriate heading In the stalernenl of financial
activities in which the initial gain was r￿OgNISed.
For all equity instruments ￿gardleSS of significancé, and other financial assets that are
Individually significant. theso are assessed indlvidually for Impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characterislics.
Any reversals of impairment a￿ ￿cOgnised immediately. lo the extent that the reversal does not
result in a ￿rryIng amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Donatlons and legacles
Unrestricted Totsl Funfls Unrestricted Totsl Funds
Funds
2022
Funds
2021
Donations
Donalions
916
916
4.374
4.374
Legacie5
Legacies
128,674
129,590
128,674
9,484
9,484
13.858
129.590
13,858
11

The Heart Trust Fund (Belfast Heart Centre)
Notes to the Flnancial Statements Iconlinued)
Year ended 31 December 2022
Investment Income
Unrestricted Total Fund5 Unrestricted Total Funds
Funds
2022
Funds
2021
Income from UK listed investments
Bank interest weiv8ble
63,813
45
63,813
45
64,059
64.059
63,858
63,858
64,066
64,066
Costs of raising donation5 and legacies
Unrestricted Total Funds Unreslrlcted Total Funds
Funds
2022
Funds
2021
Costs of ralsing donations and legacies
Donations
216
216
303
303
Invostment management costs
Unreslricled Total Funds Unrestricted Total Funds
Funds
2022
Funds
2021
Investmer¢t managemenl fees
14,612
14,612
15,167
15,167
Expenditure on charitable activities by actlvlty type
Activities
undertaken
direclty Support costs
Total funds
2022
Total fund
2021
Support to the Reglonal Medical
Cardiology Centre al RVH
Governance costs
113.595
3,676
1,868
5,544
117,271
1,868
73.760
1,756
113,595
119,139
75.516
Analysls of support costs
Support lo the
Regional
Medic81
Cardiology
Centre at
RVH Totsl 2022 Total 2021
Premises
Communications and IT
Goneral office
Govemance costs
958
436
1.820
1.869
958
436
1.820
1.869
1,481
999
1.831
1,906
6,217
5.083
5,083
12

The Heart Trust Fund (Belfast Heart Centre)
Notes to the Financial Statements l¢pntinu¢dJ
Year ended 31 December 2022
10. Nel (10g$esllgains on Inv8stments
Unrestricted Total Funds Unrestricted Total Funds
Funds
2022
Funds
2021
Gainsl(losses) on listed investlnents
1356.047) {356.0471
291.032
291,032
11. Independent •xamin¥tion fee8
2022
2021
Fees payable to the independent examiner for..
Independent examinatson of the financial statements
1.806
1.702
11 Trustee remuneration and expenses
No remuneration or other benefrts from employment with t￿1& charty or a related entity were
re￿iVed by the trust99$.
13. Tanglble flxed 8SS¢ts
Flxtures and
fittlngs
C05t
At 1 January 2022 and 31 December 2022
Depreclatlon
At 1 January 2022 and 31 December 2022
Carrying amount
At 31 December 2022
450
450
Al 31 December 2021
I￿ Investrnents
Cash Dr ¢a5h
Listed
equivalents investments
Total
Co$t or valuation
Al 1 January 2022
Additions
Disposals
Fair value movemen15
Other movements
138.607
{516,7771
419.424
2.783,279
516,777
1419,4241
1356.0471
2,921.886
{356,0471
107,185
107,185
At 31 Dacember 2022
148,439
2,524.585
2,673,024
Carrying amount
At 31 December 2022
148,439
138,607
2,524,585
2,783.279
2.673.024
At 31 De¢ember 2021
2.921.886
13

The Heart Trust Fund (Belfast Heart Centre)
Notes to the Financial Statements l¢ontlnued)
Year ended 31 December 2022
14 Investments (contlnuerfj
All investments shown above are held at valuation.
Llstèd Investments
The aggregate market valu8 of listed inveslmenl81s £2,524.585 {2021.. £2,783.279).
Financial assets held at fair valu•
These investments were valued by Brewin Dolphin, BelfasL
1& Debtors
2022
2021
Prepayments and accrued income
354
350
16. Creditors: amount$ falling due within one year
2022
2021
Bank loans and overdrafts
Accruals and deferred income
32,240
34.594
28.170
66,834
28,170
17. Analysi$ of ¢harltable funds
Unrestricted funds
At
1 January 20
22
At
Galns and 31 December
losses
2022
Income Expenditure
General funds
2,903.110
193,448
1133,9671 1356,047) 2,606,544
At
1 January 20
21
At
Galns and 31 December
losses
2021
Income Expendilure
General funds
2,625,140
77,924
190.9861
291,032
2.903.110
14

The Heart Trust Fund (Belfast Heart Centre)
Notes to the Financial Statements Iconunuedj
Year ended 31 December 2022
18. Analysls of net assets bgtwe8n funds
Unrestricted Total Funds
Funds
2022
Investments
Current assets
Creditors less than 1 year
Net assèts
2,673,024
354
166,8341
2,606,544
2.673.024
354
166,8341
2.606.544
Unrestricted Total Funds
Funds
2021
Investments
Current assets
Creditors less than 1 year
Net assots
2,921,886
9.394
128.1701
2.903,110
2,921,886
9,394
128.1701
2.903.110
19. Related partios
No related party transactions occurred during the 2022 year12021..NIL).
15

The Heart Trust Fund (Belfast Heart Centre)
Management Information
Year ended 31 December 2022
The following paggs do not fomi part of the financlal stat•monts.
16

The Heart Trust Fund (Belfast Heart Centre)
Detailed Statement of Financial Activities
Year ended 31 December 2022
2022
2021
Income and ondovmients
Donations and legacies
DDnalions
Legacies
916
128,674
4,374
9.484
129,590
13,858
Invgstment Income
Income from UK listert investments
Bank interest receivable
63,813
45
64,059
63,858
64,066
Total Income
193,448
77,924
17

The Heart Trust Fund (Belfast Heart Centre)
Notes to the Detailed Statement of Financial Activities
Year ended 31 December 2022
2022
2021
Costs of raisSng donations and legacies
Costs of raising donations and le9aci95 - Donations
Fundraising costs
216
303
Costs of ralslng donatlons and legacles
216
303
Expenditure on charitablo actlvities
Support to the Regional Mèdical Cardiology Centre at RVH
Activities undertaken diTrectly
Research grant costs
Website costs
111.451
2.144
69,300
113,595
69.300
Support Gosts
RGnl & ral&s
Light & heat
Insurance
Secretarial expenses
Telephone
Poslage, stationery and advertising
650
650
104
727
1.803
999
177
764
1,625
436
195
3.676
4.460
Governance costs
AccoLtntancy services
Bank interest payable
1,806
62
1.702
54
1.868
1.756
Expenditure on charitable activities
119,139
75,516
Investment management costs
Investm&nt management fees
14.612
15,167
Total axpendituro
133.967
90,986
Net11055es}Igains on investments
Gainslllossesl on listed inveslrnenls
{356,0471
291,032
Net lexpènditurelllncome
(296,566}
277,970
18