CHILDREN'S HEARTBEAT REPORT OF THK DIRECTORS AND FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2023 REGISTERED NUMBER: N1609449 CHARITY COMMISSION for IYORTHERN IRELAND REGISTRATION NUMBER: 102410
CHILDREN'S HEARTBEAT CONfENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Page Cornpany Inforrnatlon Report of the Director& Report of the Independent Auditors 8 10 10 Statement of Financial Activities Balanee Sheet 12 StAtem¢nl of Chftnges In Funds 13 Stfttemenl of Cash FIOWB 14 Notu to the FinAneiil StAtemetDts 15 10 23
CHILDREN'S HEARTBEAT COLVAPANY INFORMATION FOR THE YEAR ENDED 31 MARCH 2023 DIRECTORS: Prof N Rooney (Chairperson) J Boyd H Bradbury (Treasurer) Dr B Craig G McKenna D McDowell P Murray M Sidebottom W Young N Parfitt CHIEF EXECUTIVE: Alan Hanna Joanne M¢Callister (interim) (appointed 1310612022) REGISTERFD OFFICE: Hf10 Howard Building Twin Spires Centre 155 Northumberland Street Belfast BT13 2JF REGISTERED NUMBER: N1609449 (Northern Ireland) CHARITY NUMBER: 102410 AUDITORS: Baker Tilly Mooney Moore Statutory Audiiofs 17 Clarendon Road Clarendon Dock Belfast Co. Antrim BTI 3BG SOLICITORS: Edwards & Co. Solicitors 28 Hill Street Belfast BTI 2LA BANKERS: Dan9ke Bank Don¢gall Square West Belfast BTI 6JS Page I
CHILDREN'S HEARTBEAT REPORT OF THE DIRKCTORS FOR THE YEAR ENDED 31 MARCH 2023 Report of the Trustees (Incorpovating the direetors, report) for the yr ended 31st March 2023 The Irustecs ar¢ pleased to present their annual direotor$' rewyrt together with the financial statements of the charity for the year ending 31 March 2023 which are also prepared to meet the requirement5 for a diTeGtors' report tlnd accouT)ts for Companies Act purposes. The fjnancial statements comply with th¢ Charities Act (NI) 2008, the CompE4nics AGt 2006, the Memorandum and Articles of Agsociation, and Accounting and Reporting by chlties.. Statement of Recommended Practice applicable lo charities preparing their a¢¢ounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (eft"ective l January 2019). REFERENCE AND ADMINISTRA T]VE DETAILS The required referenc¢ and administrative details are laid out on page l - Company Information, The dittctors of the charitsble company (the charity) are its Iruslees for the purposes of charity law, The Direthrs serving during the year and since the year end arc also included on page l. ORIEcfivEs AND ACTIVITIES The purposes of the charity are for the public benefil of ¢hildren* young pcoplc, their families affectcd by hcart discase in Northern Ireland. This IB achieved through the provision of emotional and practical support, the advaiicement and promotion of awareness and the supporting medical resou¢S and research in this area. In shaping our objectives for the year and plftnning our a¢iivitie$, the ttwstees have ¢on$idered the Charity Commis5ion'8 guidance on public benefit. The strategies employed to achieve the charity's aims and objectives are: Flnanellll support for Cl4rk Cllnic at the ROYAI Belfast Hospilal for Sick Children.. Clark Clinir is Northern Ireland's only tE%ional unil for children thai need specialist treatment for lieart conditions. We are proud to have the unAqu¢ opportunity Io Work so closely with the Clark Clini¢ team lo help fund top quality m¢di¢al cquipincnt, pioneering reseRrcli initiftlives, sensory equipment ai)d play specialist support to enqure that ¢hildren and young peopl¢ wilh heart disease in Northern Ireland receive th¢ best Care and talMent possible in an age-appropriale environment. Provision of accommodation It the Royal Belfast HospltAI for Slck Chlldren: Children'5 Heartbeat Trust maintains accommodation dItlY above Clark Clinic for parents to stay in when their child is being treated. This allows parents to stay at the hospital in comfortable Surroundings, at what is often a traumatic time, and especially beneficial for those families Iravelling long distances to Belfast for their child's treatmenL FAmlly Support Groups and Servlces: We run eleven family support groups throughout the province to provid¢ local 8UPPOrt to fumilies whts they need it. Our groups are parent led and meet on a regular basis so families have the opportunity lo meet other families who are ¢xp¢ri¢n¢ing similar issues and problems in a local. friendly environment. We also deliver a range of support servioes from bereavement 5UPPOrt, family heart books, counselling, baby massage, and paediatric first aid training to peer support 8nd family days. These services also include tailored and financial support for families travelling away for their Child's surgery. A5 a Charity w¢ are also delighted to provide respite caravans for our heart families. Quality family time ¢8 be limited if a lot of time is spent in hospital for treatment of a child's heart d¢fe¢t. We s¢¢ how important it is to have time together as a family for parents. heart children And siblings. And the caravans are a key resource in helping families affected by CHD have a holiday and quality tirn¢ togh¢r. Page 2
CHILDREN'S HEARTBEAT REPORT OF THE DIREORs FOR THE YEAR ENDED 31 MARCH 2023 OBJEcfivKS AND ACTIVITIES (CONTINUED) Youth Servlees: The charity nms two programmes for young people. Beatz for 12 - 16 year olds and Tribe for 17- 21 year olds. These programmes Consist of regular events and workshops and an annual residential weekend giving heart teenagers and young adults the opportunity to build friendships and share experiences. Research into heart dlsease In ehlldren: We aim to fund and support re$ear¢h into the causes and treatment ofheart dis¢as¥ in childrell, Thi5 research will improv¢ health and lifestyle outcomes for children and young people living with heart disease. CfimpAlgnlng: The ¢harity campaigns on policy issues that will improve outcomes and lifestyle for children and young people with heart disease. As a member of the All Island CHD Nctwork Board and co-chair of the Family Engagement Group* the charity ensures parents and families are at the ¢entre of all decisions regarding service provision. ACHJEVEMENTS AND PERFORMANCE Nl's Flrst Children's Ambulanee In January 2023 we launched NI'S first dedicated children's ambulunGc, in partnership with NtSTAR & NtAS. The ambulance was designed bespoke for children making longer journeys. to ensure them greater comfort, less stress, a choice in how to travel and to reduc¢ anxiety. We a¢hi¢v¢d this by removing the clinical look of the internal features and giving it a relaxing 8pace theme; installing sensory equipment. wheelchair tracks. taking the monitor5 away from eye lines. and integrating a TV, tablet holder and Play$tation with gneS and DVDS for the journey. Children's Heartbeat Thist donated £IOO,000 tow&rds the build of the ambulance and also covered the insuran¢e cost and associated PIL Priority service will be given to those children and young people who need to travel for wdiac surgery or treatment, when not in u8e for this it will be available for any chlld needing specialist transfer. ABOVE: Interior of Nl's first Children's Ambulance. LEFT: Joanne Mecallister, CEO; Roberta & Reuben, Heart Familyi and Prof. Nichola Rooneyi CHT Chairperson, at the launch of the children's ambu18nce. Page 3
CHILDREN?S HEARTBEAT REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2023 ACHIEVEMENTS AND PERFORMANCE (CONTINUED) Family Support 145 families received V4 financial grant to support them when Iheir child travelled outside Nl for treath]enL surgery had an extended stay In Clark Clinio, or they suffered 4 lS1$ situalion, £74,649 was granted in total. 190 families received emotional support on the hogpitai ward. 100 families attended support group events across Nl. 180 families attending peer support Isocial events acros5 Nl. 27 families r¢¢¢ived bereavement support. 88 rn111c5 availed of a short break in Newcastle or C,a8tleroek, 123 couns¢lling sessions were attended by 32 families or young people. 55 Jake's Ladybird Bags {emergency hospital bag full of essentials) were provided in the last year. 110 parents Stayed in our parental a¢¢ommodation at the hospital. HeArt Walor, Sadie, and her sisters enjoy a caravan short break. Youth Support 10 young people SUprted throu8h pe¢r support events. 16 young people availed of Transition Support from paediatricg to adult services. I I Student Bursaries granted to youn8 people with CHD moving on to further or higher education. £5,000 grant¢d in totil. Research CHIP Data eollection complet¢d, scored and $¢nt to Dr Chri8 McCu$ker, University College Cork, for analysis. AIN Pregented future research priorities at the AIN Research Symp05ium at Queen's University Belfast. Supporting four QUBIUU PhD projects. Support includes assistance with planning, recNitment and funding applications. Advocxey Member of CHD All Island Network Board- representing voice of families to the AIN Board. Co-chair of Family Engagement Group - highlighting key issues for furthering family and patient support and engagemenL Promoting the importance of Organ Donation through social media and a member of th¢ PHA Organ Donation Sub Group. both supporting The Organ and Tissue Donation (Deemed Consent) Bill. Co-chair of Northern Ireland Children's Health Coalition to advocate foT familie5 accessittg paediatric acute services in Northern treland. C8rdlac Servlceg Continued support for paediatric cardiac services in Nt through the purchase of medical equipment, sensory equipment and play resources. 5 high back chairs purChd for Clark Clinic to make families more comfortable. £11,530 of equipment for the clinical tearn to help reduce wait time5 for our young people: 5 ambulatory cardiac monitors. 15 Coaguchek machines, purchased for the Home Monitoring Programme. 20 Sats monitors puwhas¢d for hl families, Pledge to financially support the redevelopment of the RBHSC courtyard gardens from an HSBC granL Page 4
CHILDREN'S HEARTBEAT REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2023 ACHIEVEMENTS AND PERFORMANCE (CONTINUED) Intome GenerAtion Key CHT Events Mile A Day in May raised £31,580.10. Ro¢k Red raised £22,873.14. More Than A Gift Christmas Appeal generated over £22,000, with an additional £25,000 donation from Almac. Key Communlty Event8 Benone Caravan Park raised £12,160.31. Limavady's Cycling Farmers raised £9.893.31. Corporate Savills held a Bingo Loco night raising £20,014,97, Trust applications BGF Foundation granted us £5,000 to support the Chri8tmas Appeal Hardship Fund. Liberty IT awarded us £4.400 to support our Take Ten App. Danske Bank 8ranled us £4,467,14 to purchase two Ambulatory Cardiac Monitors. Savills pr¢s¢nl C.HT with £20,014 raised from their Loco Bingo Night. Covernance CRM system set up complele. StratC8ic review completed, 2023-2027 strategy developed, FINANCIAL REVIEW The charity's income for the 12 month period ending 3 llt MaKh 2023 was £439,679 decreaging from th¢ pr¢vious financial year (£586,554 in 2022, but increasing from £412,477 in 2021). Total resources expended of £609,707 increased when compared to the previous financial year, mainly due to the purchase of the arnbulan¢¢, with net expenditure for the period amounting to £170,02¥. Total net as&ets amounted 10 £779.677 as at 31 It March 2023 (2022: £949,705). The majority of fimding comes frorn voluntary donations. Reserves pollcy and %olng eoneern Children's Heartbeat Trusts, policy is to provide the charity with adequate financial stability and the means for it to meet its charitable objeetives for the foreseeable futhre. The charity aim5 to maintain reserves at levels equivalent to six months operationa] expenditure having rLgtLrds to itg manner of operation of likely funding streams. Current levels of reserves are higher than this and until the reserves are utilised, funds will be invested in a number of short to medium term deposits to oblain a return in the current economic climate. On making these investments, the ability to withdraw funds if required hv45 been considered. PLANS FOR FirruRE PERIODS With our new agreed 2023-2027 strategy, Children's Heartbeat Trust has exciting new plans and vision for our support services. research and income generation. In the next twelve months, we plan to., Page 5
CHILDREN'S HEARTBEAT REPORT OF THE DIREcfoRS FOR THE YEAR ENDED 31 MARCH 2023 PLAIYS FOR FUTURE PE]UODS (CONTINUED) Family & Youth Services: Build the capacity of our Family & Youth Team by recruiting a thll time Youth & Family Engagemen¢ Officer Deliver a Mental Health & Wellbeing programme to our young people Co-design a new youih programme to increase our engagem¢nt with teenagers Develop a Youth Counsel Develop an evaluation framework for e1] service to build data and knowledge in order to make evidence based decislons regarding programme development and funders. Research and planning for a siblings support programme Continued exploration of a 'Home from Home, Ifamily support hub Develop new bereaveni¢nt support services Develop a Heart Podcast series Research & Pollcy: Recruit a Research and Policy Officer Disseminate CHIP findings Develop CHT research priorities Develop a Publi¢ Policy Campaign Play an active role in supporting Ihe A Trl research programme Build on our acad¢mic partnerships with activc support of r¢l¢vant UU and QUB research projects Pediatrie CArdi¢ Servieeg SUPPOrt: Conlinue to provide support on the ward ¢0 faniilie8 Develop a family fricndly space on Clark Clinic Completion of the redevelopment of the Children's Hospital Gardens Purchase equipment to support our heart children Adyoeaey ind Awarenesg: Seek funding for and recruit a Communicalions Manager Develop a Communications slralegy for the organisatioii Develop new projects for th¢ All Island Network Family Engagement Group Work with the Nl Children's Health Coalition to launch the 'Elidden Costs ofHaving a Child in Ho$pilal' research, wilh a rall for financial support for farnilies. Develop a catalogue of digital resources for heart families Seek and secure fundinB to begin website redevelopment and integration with CRM Income Generatlon: Review income generation and develop an income generation strategy Provide bust training I mentor opportunities to curr¢nt staff Generate new )d diverse income streams Develop digital ndraising opportunities Continued development of robust governance processes: Develop an investment policy Hold Board reviews Ensure compliance with Charity Commission Nl requirements Maintain registration with Fundraising Regulator following the Regulator's Code of Practice Provide training for volunteers and Board Members Page 6
CHILDREN'S HEARTBEAT REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2023 STRUCTURE, GOVERNANCE AND MANACEMENT {CONT]NUED) Governlng Document Children's Heartbeat is a company limited by guarantee gov¢rned by its Memorandum and Articles of Association dated 12 October 2013. Children's Heartbeat is a registered charity with the Charity Commission for Northern Ireland, Children's Heartbeat is a membership organisation wilh currently 10 members. each of whom agrees to contribute £1 in the event of the charity winding up. Appolntrnent of trustees 'Ihe Chairman and the Trustees recruit and select new Trustees a5 needed. New Trustees are reeruited ¢n the r¢l¢vance of their professional ski115, and their potential to be able to make a helpthl conlribulion to the governance of the charity, As part of the recruitment process they ari Tnade awarc of a Trustees, l¢gol obligations under charity and company law. the content of the Memoi?i)dum and Articles of Association, the commiltee and du¥isiun making pro¢es$es, the business plaT] and recent financial perfonnance of the chariiy. Once the potential new Trustee has agreed to be eonsid¢red for appointment to the Tole, the Trustees meet to review and lo vote on tlie candidates, suitability for appointment. If there is unanimous agreement, their names are then proposed for appointment, to the voting Members of the Company. STATEMENT OF DIRECTORS, RESPONSIBILITIES1 The directors are responsible for preparing the Report of the Directors and the financial statements in ac¢ordan¢e with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Acceptable Accounting Pracli¢e). Company law requires the directors to prepare financial statements for each financial yew. Under company law the directors musl noi approve the financial statements unl¢ss they arc s&tisfied that ihey give atrue at)d fair view of the state of aff&irs of the charity and of th¢ incomiiig I'esources aiid application of rcsources, include the income and expenditure, of the charitable company for that period. In preparing these financial statements, the directors are required lo.. select siiitable accounting policies and then apply them consistcntly. make judgement5 and accounting estimates that are reasonable and prudenl. state whelher appliLablc UK Accountiiig standards have been followed. and prepare the financial statements on th¢ going concern basis unless it is inappropriate to presume that the charity will continue in business. The directors al'e responsible for keeping adequate Accounting re¢oNI8 iliat are sufficient io show and explain the company's transactions and dis¢lose with reasonable accura¢y at any time the financial position of th¢ Charity and eiiable them lo ensu that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assels of the Gharity alld hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDrfoRS So far as the directots are aware, thei'e is no relevanl audit information of which the company's auditors are unaware, and ¢ach director has taken all th¢ slep8 thut thcy ought to have taken as a director in order to make themselves aware of any relevant audit inforniation and to establish that the auditors are aware of that information. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. ON BEHALF OF THE BOARD: Prof N Rooney - Chairperso Date: . Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CHILDREN•S HEARTBEAT Opinion We have audited the financial statements of Children's Heartbeat (the 'charitable company? for the ye8r ended 31 March 2023 which comprise the Statement of Financial Activities, Balance Sheet, ststement of Changes in Funds, Statement of Cash Flows and Notes to the FinanGi&l Statements, including a summary of significant accounting policies. The financial reporting framework that has been Applied in their preparation is applicable law and United Kingdom Accounting Standard5, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, {UnAted Kingdom Generally Accepted A¢countins Practice). In our opinion the fjnancial ststsm¢nls: give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its defi¢ii for ihe year then ended. have been properly prepared in accordance with United Kingdom Generally Afxepted A¢¢ouftting Pral¢c. and have been prepared in accordance wilh ihe requiyements of the Companies Act 2006. Bisis for opinio We conducted our audit in ac¢ordance with International Slandards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, r¢sponsibililies for the audit of tlie financial statements section of our report. We are independent of the ¢haritable company in accordance with the ethical reqiiirements that are relevant to our audit of the financial statements iii th¢ UK, including the FRC.'s F.thi1 Standard, and wc have fulfillcd our other cthical rcspon$ibilitiC5 in acGorduT]ce with ¢h¢se requirements. We believe that the audit ¢vidence we have obtained 15 sufficient and appropriate to provide a basis for our opinion. Coneluslons rel8tlng to golng concern In audiling the financial $tstements, we have eJ)ncluded that the dIlOr8. use of the going concern basis of accounling in the prcpaTalion of the financial statement5 is appropriate, Based on the work we have perforrned, we have not identified any material uncertainties relatin8 to events or conditions that. individually or ¢olleclively. may cast Si8nificanl doubt on the charitsble company's ability to continue as a going con¢em for a period of al least twelve months fiDni wlien the fJnan¢ial slat¢menls are auihorised for issue. Our rcsponyibilitics and the responsibilities of th¢ directors with respect to going ¢on¢ern are deseribed in the relevant 5ection5 of this report. Other InfomAtlon The other infonnation comprises the information included in the Report of the Dir¢¢lors bui does not include the financial Statcments and our Report of the Auditoi's thLYeon. The directors are responsible for the other infoTrnation. Our opinion on th¢ financial statements does not cover ihe other inforrnation and, except to the extent otherwise explicitly staled in our report, we do not express any forn) of assurance conclusion thereon. Our responsibility is to read tl)e other inforniation and, in doing so, consider whether the other infomation is materially inconsistent wlth the financial statem¢nts or our knowledge Oained in the course of the audit, or otherwise appears to be materially mi55tated. If we identify such material inconsistencies or apparent material rnisstatements, we 'C required to determine whether this gives rise to a matcrial rnisslalement in the financial slalements Ihemselves. If, based on the work we have perfonned, we conclude that ihere is a material misstatement of this otber information, we are required to report that fact. We h&ve nothing to report in this regard. Oplnlon on other matters preseribed by the Companies Aet 2006 In our opinion, based on the work undertaken in the course of the audit.. the information giv¢n in the Report of the Dire0 for the financial year for which the financial statements are prepared is consistent with the financial ststements. and the Report of the Directors has been prepared in accordance with applicable legal requirements. Page 8
REPORT OF THE INDEPENDEIYT AUDITORS TO THE MEMBERS OF CHILDREN)S HEARTBEAT Matters on whleh we Are r¢qulred to report by cx¢eptio In the light of the knowledge and understanding of ihe charitable ¢ompany and ils environment obtained in the course of the audit, we hav¢ not id¢nlifi¢d mal¢rial misstatements in the Report of the Direclors. We have nothing to report in respect of the following matter5 in relation to which the Companies A¢t 2006 requires us to report to you if, in our opinion., adequate accounting records have not been kept, or returns ad¢quat¢ for our audit have not been received from branches not visited by us. or the fjnancial statements are not in agreement with th¢ accounting record5 and returns; or ccrtain dTsclosures of diTectors' remunerdtion specified by law are not mAde' or we have not received all the information and explanations we requiT¢ for our audit. or the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small ¢ompaiii¢s' exemptioiis in preparing the Report of the Dir¢¢tors and from the requirement to prepare a strat¢gi¢ i'eport, Respons5bllltles of dlrector As explained more fully in the Staternent of Directors, Responsibililies set out on page 5iX, the directors are responsible for the preparation of the financial $tat¢m¢nts and for being satisfied tl)al 11)ey give a true and fair view, And for such internal control as the directors determine is necessary io enable the preparation of financial statements thAt are free from niat¢rial misstat¢m¢nt, wheih¢r du¢ to fraud or error. In preparing the finttncial statements, the directors are responsibl¢ for d¥si'¥sing thc Gharituble company's ability to conlinue as a going concern, disclosin& as applicable. niatters related to going concern and using the going concern basis of accounting unle8S the directors either intend to liquidate ihe ¢harilable coinpany or to cease operations, or liave no realistic alternative but to do so. Auditors, responsibilities for the audit of the flnanclal Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are fre¢ from material misstatement, whether due to fraud or etror, and io issue a Report of the Auditors that ii)¢liides our opinion. Reasonable assurance is a high level of assiirance, but is not a guarantee ihat an audit ¢onduGted in NGcordance with ISAS (UK) will always deleet a malLrial misytalLmcnl wlicn it Lxists. Misstatementq can arise from fraud or error and are Considered material if, individually or in th¢ aggregate, they could reason&bly be expected to influ¢n¢e the economic deci$ion$ of users taken on the basis of these financial statements. Irregularities, including fraud are instances of nonrfompliance with laws and regulations. We design pi'o¢edures in line with our responsibilities, outlined above. to detect material misslatement5 in respect of irre8ularitie5, including fraud. Tlie exleiit to which our procedures ai'¢ capable of detecting irregularities, including fraud is detailed below.. Our approach to identifying and assessing the risks of material misstaternent in respect of iegUlArlties, including fraud and non-compliance with laws Mnd regulations, was as follows,. •the engagemcnt partner cnsured thal the engagement team collectively had the appropriate competence, capabilities and skill$ to identify or recognise non-eomplianrK with applicable laws and regulations, •we identified the laws and regulations applicable to the chai'itable company through discussions with directors and other management, and frorn our commer¢ial knowledge and experience of the charity sector, •we focused on specific laws and regulations which we considered may have a direct material effect on th¢ financial statements or the operations of the company, such as the Companies Act 2006; •w¢ assessed th¢ extent of compliance with the laws and regulations identified above through making enquiries of management,. and •identified laws and regulations were communi¢at¢d within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. Page 9
REPORT OF THF INDF.PFNDENT AUDITORS TO THE MEMBERS OF CHILDREN'S HEARTBEAT We assessed the susceptibility of the charitable company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by., •making enquiries of management a5 to where they consid¢red th¢r¢ was suscepiibility to fraud, Iheir knowledge of actual, suspected and alleged fraud; onsidering the internal ¢ontrols in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud thtDu£h management bias and override of controls, we: 'perforn)ed analytical pro¢edur¢s to identify any unusual or unexpected relationships; •tested journal entries to identify unusual transactions, In response to the risk of I¢gularItieS and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: •agreeing financia] statement dis¢losurc5 to underlyin8 Suprting documentation: 'Teading the minutes of meetings of those charged with governanc¢: •enquiring of management as lo aclual and potential litigation and claims. Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities, including those leading io a material mis5tstement in the financial statements or non-complian¢e wilh regulation. The risk increases the more that compliance with a luw or regulation is removed from the event5 and transactions reflecled in ihe financial statements, as we will be less lik¢ly lo be¢om¢ aware of instances of non-¢ompliance. The risk is also greater re8ardiiig iIre8ularities occurring due lo fraud rather than error, a8 fraud involves inlentional concealment, forgèry, collusion, omission or misrepresentstion. A further description of our responsibilities is available on the FRC'S website at www.frc.org,uk/auditorsre8ponsibilities. This d¢5¢ription fonns part of our Report of the Auditors. Use of our report This report 1$ made solely to the charitabl¢ company's rnembers, As a body. in accoall¢¢ with Chapter 3 of Part 16 of Ihe Companies Act 2006. Ouraudit work has been undertaken so that we might stste to the charit&ble company's members those matters we are required to state to ¢h¢m in a Report of the Auditors and for no other purpose. To the fullest extent pennitted by law, we do not accept or assume responsibility to anyone other than the chorilable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Joann¢ Small {Senior Statutory Auditor) For and on behalf of Baker Tilly Mooney Moor¢ Chartered C¢rtified Accountants Statutory Auditors 17 Clarendon Road Clarendon Dock Belfast BTI 3BG Page 10
CHILDREN'S HEARTBEAT STATEMENT OF FINANCIAL ACTIVITIES (In¢orporating the Incotne Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted Funds Restricted Total Funds Fundg 2023 Total Funds 2022 Ineome fron]: (note 3) Donations and legacies Charitable activitie5 Other trading activities Investments Other 414,196 2,740 2,595 1,656 18A92 432,688 2,740 295 1,656 580,469 3,991 946 536 612 Tot41 Inconje 421187 439 679 586 554 Expenditure on: (note 4) Raising funds Charitable &Gtivities Otlier 60,678 418,713 109 687 60,678 439J42 109 687 44,985 375,810 20,629 Total expendlture 589,078 609 707 Net (expenditureyincome for the year (167.891) (2,137) (170,028) 139,259 Trnn$f¢r8 between funds Net movement In thnds 167 89] 170 028 Bilanw brought forward It l April 929,190 20,515 949,705 810,446 Balinces cArried forwArd ot 31 Mareh 18 761299 78 779 677 949 705 The income Hnd expenditure summary as required to be disclosed by the Companies Act 2006 is included at note 16. Pagell
CHILDREN'S HEARTBEAT (REGISTERED NUMBER: N1609449) BALANCE SHEET 31 MARCH 2023 31.03.23 31.03.22 Notes FIXED ASSETS Intangible assets Tangible assets 9,061 12,709 io 15,107 22,573 CURRENT ASSETS Debtors Cash at bank and in hand 13,709 16,571 962 901 979.472 814,094 CREDITORS Amounts falling du¢ within on¢ year 12 ET CURRENT ASSETS 927 132 TOTAL ASSETS LESS CURRENr LIABILITIES 779 677 949 705 FUNDS Restricted fuiids Unrestricted nd8- General filnds Unrestricted funds- Designated funds 13 13 13 18,378 191,299 570,000 20,515 200,190 729,000 779 677 949 705 The finanLial statcmciits. have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. The financial statements were authorised for issue by the Board of Directors on signed on its behalf by: . and were Prof N Rooney - Chairperson H Bradbury - Treasurer The notes form part of these financial statements Page 12
CHILDREIY'S HEARTBEAT STATEMENT OF CHANGES IN FUNDS FOR THE YEAR ENDED 31 MARCH 2023 Unrestrlcted funds Rutri¢ted funds Total funds Balance at l Aprll 2021 799.446 11.000 810.446 Changes In fund8 Surplus for year Transfer between funds 130,091 347 9.168 347 139.259 Balance at 31 March 2022 929 190 949 705 Chllnges In funds Deficit for year Transfer between funds (167.891) (2.137) (170.028) Balanee it 31 March 2023 761299 18 The notes form part of these financial slat&nents Page 13
CHILDREN?S HEARTBEAT STATEMENT OF CASH FU)WS FOR THE YEAR ENDED 31 MARCH 2023 Notes 2023 2022 Cash flows from operating aetivhties Net cash (used inypTovidcd by operating activities CFI (164,172) 197,952 Cash flows from Investing 4¢tivities: Dividends, interest and rents from investhients Pur¢has¢ of fixed assets Net tAsh provided by (used in) investing Actlvities 1,656 536 1,656 536 Change in cash And cash equivalents in the reporting period (162,516) 198,488 Cash and cash equivalents at the beginning of the reporting period 962,901 764,413 Cash and ¢a5h equivalents at the end of the Teporting period CF2 800,385 962,901 CFI. ReconciliAtion of net incomel(expendlture) to net Cash floiv from operating activities 2023 2022 Net (¢xpendilur¢)lincome for Ihe reporting period (as per the statement of financial activities) Adjustments for: Depreci&lion charges Amortisation charges Dividends, interest and rents from investments Decrease in debtor5 (DecreaseFinGrease in creditors Net cash {used invprovided by operating activities (170,028) 139,259 3,818 3,648 (1,656) 2,862 (2,816) (164,172) 3,818 3,648 (536) 15,348 36,415 197,952 CF2. Analy$ls of ea$h and cash equivalents 2023 2022 Cash in hand Total cash and cash equivalents 800,385 800,385 962,901 962,901 Page 14
CHILDREN'S HEARTBEAT NOTES TO THE FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31 MARCH 2023 NATURE OF TRUST Children's Heartbeat is a privat¢ ¢ompany limited by guarantee with charitable status in¢orporat¢d in Northern Ireland. The charilabl¢ company's registered number and registered office address can be found on the Company Infonnation pa8e. Every member of the charitable compally undertakes to contribule such amount as may be required not exceeding £1 to the assets of the charitable company in the event of it5 being wound up while he or she is a member or within one year after he or she ceases to be a member. ACCOUNTING POLICIES Basis of pi*pAring the finAnci&l statements The charitsble company conslilules a public b¢n¢fit entity os defined by FRS102. The financial statements hav¢ been prepared on the going concern basis under the historical c05t convention and in accordan with Accounting and Reporting by Charities.. Statement of Recominended Practice applicable to charities preparing their accoullts in aGGordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effe1ve l January 2019) and the Companies Act 2006, The following is a summary of the significanl countIng policies adopted by the charitable Company in the preparation of ih¢ financial 5tat¢rnentS, Incomc All income has been included in the Statement of Financial Activities and has been recognised when there is entitlement to the income, certainty of rCIpl and il can be measured reliably. Income from govei'nmenl and olhei. grants. wlietlier Capitsl grants or revenue grants in recognised when the harity has entitlernent lo the fiinds, any performance conditions allocated to the grants have been met, it is probable ihe income will be received and the amount can be measured reliably and is not deferred. Expenditure All expenditure is Accounted for on an aocru81s basis and has been classified under headings that aggregate all costs related to the category, Expenditure on raising funds al'e those Costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Expenditure on charitable activities ¢omprises the costs of delivering Services the community, together with support wsts incurred ¢entrY¢lly and governance costs associated with the governance arrangements of the charity which aye primarily associated with constitiitional and statutory requir¢ments. All costs are alloc&ted between the expenditure categories of the SOFA on & basis designed to reflect the use of the resOue, Intangible Assets Intangible assets are initially measured al wsl, After initial recognition, intangible assets are measured at cost les5 accumulated amortisation and any accumulated impairment losses. C05t includes expenditur¢ that 15 directly attributable to preparing the asset for its intended use. Software 15 amortlsed on a straighi-line basis over a useful life of 5 years. Tangible fjxed Assets Tangible assets stated at cost less accumulated depreciation and any a¢¢umulated impaimient losses. Cost includes expenditure that is directly attributable to the acquisition of the assets. Depreciation is provided al th¢ following annll rates in order to write off each asset over its estimated useful life. Caravans 12.5Yo on cost Page 15 continued...
CHILDREN'S HEARTBEAT NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES - contlnued Fund accounting The charitable company has various types of funds for which it is responsible and which require separate disclosure. These are as follows: (i) Reslricled fvnds Grants or donations reGeived which are designated by the donor for spe¢ifJc purposes. Such purposes are within th¢ overall aim of the charity. (li) Unrestricted funds- General funds Funds which are expendable al the discretion of the charity in the rtherallce of the objectives of the charity. (iii) Unrestricted Funds Designated funds Funds which have been set aside by the charity to act as a contingency to ensure the continuity of service. Designated funds wntinue to count as part of the unrestricted funds of the charity. Pen8lon costs The charitable company operates a defined contribution scheme. Contribulions payable lo the charitable company's pension scheme are charged lo the statement of financial activities in the period to which they relate. Holiday pay Accrual A liability is re¢ognised to the extent of any unused holiday pay entitlement whi¢h has a¢¢ru¢d 4t the balance sheet date and is available lo carry forward lo futurc pcriods. This is measured at the undiscounted salary cost of the future holiday ¢ntitJemen¢ so accrued al the balance sheet date. TRxalion As a charity, the Trust is not liable to either In¢ome t or Corporation tax. Operating lease$ The cliaritgble Company cla55ifie5 the lease of premises os an operating leas¢. The title to the pr¢mises remain$ wilh the lessor. R¥nlal ¢118rges ar¢ charged to the statement of financial aGtivities on a straight line basis over the tcrn] of the lease. Debtors Sundry debtor5 are re¢ognised at the settlement amount due afier any trade dlscount offered. Prepayments are valued at the amount prepaid of the transaction price. Credilors Creditors provisions are recoBnised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. FinaneiAI Instruments The charitable company only has financial assets and financial liabilities of a kind thai qualify as basi¢ financial instruments. These are initially re¢ogniS at trat]sa¢lion vulue and subsequently measured at their settlement value. Sfignifieant judgernent8 and estimates In preparing these financial stalenients the direGtOTS have made the following judgements: Detemiine whether there are indicator5 of impairnient of the company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial perfomiance of the asset and the business in general, The dir¢ctors also consider the depreciation rates on all annual basis to ensure there is sufficiènt evidenc* to support these and that th¢ estimatss remain reasonable. Page 16 continued...
CHILDREN'S HEARTBEAT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 ]IRCH 2023 INCOME UnrestrAtt¢d Funds Restricted TotAI Fund$ Funds 2023 Total Funds 2022 Donations and legaeies Donations Give As You Earn Grants 408,867 2a29 408,867 2,329 529.929 3,024 414 196 432 688 580 469 ChAri*Able aetlvltiey Caravan fcLs Sales of merchandise First aid course fees 2,7110 2,700 2.420 1,531 40 40 40 Olher trlldlng actlvltles Events fees 946 Investment income Bank interest 536 Other Income HMRC Job Retention Scheme 612 In the prioryear, £529,389 of income from donations related to Unrestricted Funds and £540 related to Restricted Funds. In the prior year, £3,024 of income from give as you earn related to Unrestricted Funds. In Ihc prior yLar, £47,516 of income from grants related to Restricted Funds, EXPENDITURE Unrestrieted Restricted Total Funds Funds Funds 2023 Total Funds 2022 Raising fund8 Generating donations fees Event Costs Costs of merchandis¢ Staff costs 4,184 6,785 1,472 4,184 6,785 1,472 5.811 3,888 2,890 44,985 Charitable gCtivitie8 Awareness and information Information resources Merchandise and promotional materials R¢search Family support Clayk Clinic sUPPOrt Office running costs Support costs (Note 5) 1,224 5,496 4,558 21,341 250.912 16,481 28,046 1224 5,496 4,558 21041 258,993 28a48 28.046 91036 439 342 1,230 6,084 4,932 28,242 189.914 31,977 22,109 91,322 375 810 8,081 11,867 681 418 713 Other RBHSC Courtyard projerl ¢ommitment Children's Ambulance 26,500 109,687 109 687 109 687 109 687 Page 17 continued...
CHILDREN'S HEARTBEAT NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023 ANALYSIS OF SUPPORT COSTS Unrestricted R¢strieted Funds Funds Tot81 Funds 2023 Total Funds 2022 Support costs Staff ¢osts Governance costs (Note 6) Professional fee$ IT and development Insurance Bank charges 48,788 5,467 20,538 13,141 1,953 768 48,788 5,467 21.188 13,141 J.953 799 56,434 11,815 8,949 11,827 1,788 509 650 31 681 91 ANALYSIS OF GOVERNANCE COSTS Unrestricted Restricted Total Fund$ Funds FundN 2023 Total Funds 2022 Governance costs Auditor remuneration Strategie development Training 940 4,940 5.040 6,085 690 527 527 STAFF COSTS 31.03.23 31.03.22 Wages and salaries Social security Costs Other pension cost 199,987 13,114 153,625 9,519 217 573 166 568 The average number of employees during the year was 9 (2022: 7). The directors received no remuneration in the course of their work during the year ond no employee received emolument5 in ex¢¢ss of £60,000. KEY MANAGEMENT PERSONNEL COMPENSATION Compensation paid to key mallagement personnel in the year to 31 March 2023 was £53,325 (2022: £45,292). This includes amounts paid to the Inlerim CEO who is not an employee of the Charity and therefore whose rernuneration is not included at the stalycosts in note 7. Page 18 Continued...
CHILDREN'S HEARTBEAT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023 TrIET INCOME Net income is stated after charging: 31.03.23 31.03.22 Amortisalion on inlangible assets Depreciation riees payable to auditor for audit of a¢count5 OpcTating Icase expense 3,648 3,818 4,940 3,648 3,818 5.040 INTANGIBLE FIXED A&SETS Software COST At l April 2022 18,240 At 3 l March 2023 DFPRECIATJON At l April 2022 Charge for th¢ year 5,531 At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 Marnh 2022 10. TANGIBLE FIXED ASSETS CarNv4ns COST At l April 2022 78,825 At 31 March 2023 DEPRECIATION At l April 2022 Charge for the year 68,961 3,818 Ai 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 Page 19 continued...
CHILDREN'S HEARTBEAT NOTES TO THE FINANCJAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023 DKBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.03.23 31.03.22 Prepayments and v4ccNed incorne 12. CREDITORS: AMOUNTS FALLIFIG DUE wrrHIN ONE YEAR 31.03.23 31.03.22 Accrua15 Taxation and social security Other creditors 19,255 3,769 24,293 I,547 13. ANALYSIS OF CHARITABLE FUNDS At31 Moreh 2023 At l Aprll 2022 Ineome Expendlture TrAngfer Restrlcted Funds Kilimanjaro Account Adult Congenitsl FLind Cash for Kids Clay kits Baby Massage Mental Health Project Gardcn Project Caledon Thist - Clw* Bear Care Packages M&S Neighbourly - Coaguchek machine Cost of Living Crisis Support Ambulalory Monitors Take Ten Apps Gundwrk Nl - Activity Packs {1) (30) {1.032) (1,074) 2,746 1,032 2,285 14,441 io 2,716 14,441 io 500 1,000 5,000 6,467 4.400 1,125 (500) (1.000) (5,000) (6,467) (4.400) (1,125) Tolal Restrlcted Funds 20.515 18.492 {20.629) 18078 Unrestrlcl¢d Funds General Funds Designated Funds 20Q,190 729,000 421,187 (589,078) 159,000 (159,000) 191,299 570,000 Totsl Unrestricted Funits 929,190 421,187 (589.078) 761,299 TotAI Funds 949.70.S 439,679 (609,707) 779,677 Page 20 continued...
CHILDREN'S HEARTBEAT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023 14. ANALYSIS OF CHARITABLE FUNDS- PRIOR YEAR At31 March 2022 At l April 2021 Income Expenditure TrAnsfers Restricted Funds Kilimanjaro Account Adult Congenital Fund Cash for Kids clay kits Family Fun Days "at home" and First Aid Training Baby Massage Cliild In Hospital Project M¢'ntf¢l Hcalth Project Gardeii Project 2.219 2,638 541 {14) {1,606) 2,746 1,032 6,142 (6,489) 347 2,285 4,280 14.441 26,510 2,285 (4,280) 14,441 Jo (26,500) Total Restrieted Funds 11,000 48,057 (38,889) 347 20,515 Unrestrlcted Funds General Funds Designated Trunds 181,946 617,500 538,497 (408,406) (111,847) 111,500 200,190 729,000 TotAI Unrestricted Funds 799,446 538,497 (408,406) (347) 929,190 Totsl Funds 810,446 586,554 (447,295) 949,70S Restrleted funds: Kilirnanjaro account repTe5¢nls residual fundraising from the monies raised toward the Kilimatuaro project. The Adult Congenital Fund represents fundraising for adults with congenilal heart dis¢ase. Fainily Fun Days "at home" and First Aid Traiiiing represents funds received from The Nationa] ttery Community Fund. Baby massage Tepresents funds r¢¢eived fron) Sf. James's Place to enable Children's Heartbeat to support parents whose children are born with con8¢nilal heart disease with an online baby massage Course and resource booklet. Child In H05Pital Project represents funds received from The Community Foundation "All Island Fund" to enable Children's Heartbeat to support paren1$ whose child is in hospital. Menlal H¢alth Project represents funds re¢¢ived from The Community Foundation "Mental Health Fund" towArds an intensive progratnme of mental health focus5ed workshops for young people with ¢ongenital heail disease, Garden Projert represents funds received from HSBC "Supporting Our Community Programme" towards & courtyard project ai The Royal Belfast Hospital for Si¢k Children, Cost of Living Crisis Support repr¢sents funds received from BGF Foundation. Ambulatory monitors reptEsents funds received from Danske Bank and The Hospital Saturday Fund towai'ds the purchase of three cardiac ambulatory rnonitors. Take Ten Apps represents funds received from Liberty IT iowai'ds the purchase of the applications. Page21 continued...
CHILDREN'S HEARTBEAT NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2023 ANALYSIS OF CHARITABLE FUNDS (Contlnued) DeslgnAted funds: Al the year end the designated element of unrestrided fvnds 18 for the following pur8¢S,. Capital Projects Operating costs 3.$0,000 220 000 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unre$tri¢t¢d Funds Restricted Funds TOÉBI Funds 2023 Fixed assets Currenl a$$¢ts Creditors less than one year 15,107 769,216 23 024) 15.107 814,094 44.878 At 31 March 2023 761299 779 677 16. INCOME AND EXPEIYDITURE SUMiVIARY 2023 2022 Gross income 439 079 586 554 Resource5 expended Costy of gcnLratiiig funds Costs of activities for charitable activities Other cxpenditure 60,678 439 J42 109 687 44,985 375,810 609 707 447 295 (Deficitysurplus for year 170 028) 139 259 The above reflects ihe Income and Expenditure account as required by the Companic5 Act 2006 as opposed to that required under the Statement of Recommended Practice as detailed on page l 1. Tolal income ctsmprises £421,187 for unrestricted funds and £18,492 for restricted funds. A detailed analysis of income is provided in the Siat¢ment of Financial Activities and note 3. Detailed anlllyses of the expendilure are provided in the Statement of Financial Activities and note 4. The Income and Expenditure Summary is derived from the Statement of Financial Activities on page I I which tog¢th¢r with the noles to the aGunts on pages 15 23 provid¢s full infoTtnation on the mov¢m¢nts during the year on all fund5 of the charity. P&ge 22 continued...
CHILDREN'S HEARTBEAT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023 17, TAXATION The Charity is recognised as such by HM Revenue and Customs and is entitled to certatn tax ¢xemptions on income alld profit5 from investments, and surpluses on any trading activities earried on in furtherance of the Charity's primary objectives, if these profit5 or surpluses are applied solely for charitable puryoses. 18. PENSION SCHEME - Defined contrlbutlon scheme The company operates a defined contribution pension scheme. The pension cost represents contributions payable by the comp8ny to the tsnd (excluding member salary sacrifice contributions) and amounted to £4,472 (2022.. £3,424), 19, TRANSACTIONS WITH DIRECTORS AND RELA TED PARTIES The Charity was under contft)l of the Board of Directors throughout the current and pr¢vious period. No director emoluments were paid during the year (2022- Nil}. There w¢r¢ no mat¢i'ial transactions during the year iii which any director or related party had an tntere51 requiring disclosure. Page 23