Northern Ireland Chest, Heart & Stroke Company Limited by Guarantee Financial Statements for the year ended 31 March 2024 Statement of financial activities (incorporating the income and expenditure account) Noto Unrestrlcted Funds 2024 Total Funds Unrestrlcted Funds 2023 Total Fund8 2023 2024 Income and endowments from: Donations and legacies Income from investments Income from Charitable activlles 4,032.250 127,073 768.829 4,032,250 127,073 768,829 3,253,860 112,787 724,468 3,253,860 112,787 724,468 Total Income and andowm•nts 4,928,152 4,928,152 4,091,115 4,091.115 Expendlture on: Expendlture on ralslng funds Expénditure on charftabl8 activities 1,058,949 3,568,115 1,058,949 3,568,115 1,022,826 3,114,170 1,022,826 3,114,170 Total r•source8 oxpandad 4,627,064 4,627,064 4,136,996 Net Incornel{exp8ndlturel 301,088 301,088 (48,8811 (48.8811 Oth&r rocognlsed galn•lllo88e¥l Net gainsl(lossesl on Investm 8nls 143,680 143,680 150,626 150,626 Net movement In funds 444 768 444 768 196 507 196507 Total funds brought forward 6,159,896 6,159,896 6,356,403 6.356,403 Tot81 fund5 carried fOard 6.604,664 6,604.664 6.159,896 6,159,896 Tho Statement of Financlal Activltles Includes all galn5 and losses in the year and therefore a ststgment of Total Recognlsed Galns and Losses has not been prepared. All of the above amount8 relats to contlnulng actlvltles. The accompanying accounting policies ar note5 fomi part of these financial statements. Balance sheet 16
Northem Ireland Chest, Heart & Stroke Company Limited by Guarantee Financial Statements for the year ended 31 March 2024 2024 2023 Fixed assets Tangible assets Investsnents Note 801,575 6.260,481 822,580 5,030,023 7.062,056 5,852,603 Current assets Debtors Cash al bank and in hand 409,555 709,888 109,034 1,988,525 1,119,443 2,097,559 Credltors: amounts falllng due wlthln on8 year 12 {1,122,7661 1656,7731 Net current a88•t8 13,3231 1,440,786 Total assots less current Illabllltles)lassets 7,058,733 7,293,389 Crodltors: amounts falllng duo aftor more than one year 13 (454,069) 11,133.493) Net assets fj,604,664 6.159,896 Fund8 Unrestrfct8d Income funds 14 6,604,664 6,159,896 Total funds 6,604,664 6,159,896 These financial statements wer& approved by the Dlrectors on 12 December 2024 and 8re signed on thelr behalf by: lan Lindsay (freasurerl Professor MPS Varrna (Chair) Company Reglstratlon Number., N1018889 The accompanying accounting policles and notes form part of these financial statements. 17
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Northem Ireland Chest, Heart & Stroke Company Limited by Guarantee Financial Statements for the year ended 31 March 2024 Accounting Pollcies Basis of Accountlng The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Slatemenl of recomrnended Practice applicable to charities preparing their accounts in accordance with the Financial Reportiry Standard which appli8s in the UK and Republic of Ireland (FRS102) (effective 1 January 20151- {Charities SORP (FRS 102)), the Flnanclal R8POrting Standard applicable In the UK and Republlc of Ireland IFRS102) and the Companies Act 2006. The financi81 statements are prepared in sterling, thich is the functional currency of thB charity. Monetary amounts are rounded to the nèar8st £. Consolldailon The charity has taken advantag8 of the exemptlon provlded by Sectlon 405(21 of the Comp8nies Act 2006 not to prepare group accounts. The Trustees do not considerthe cost of preparing consolidated accounts justifiable and note 11 provides adequats delails relating to the nature of Ihe trading Subsidiaries. Income recognltlon Income is recognised en the chartty has entitlement to the funds, any perfomiance conditions attached to the item(sl of income have been met, it is probable that the income w411 be received, and the amount can be measured r81iably. The principal source of income compris88 voluntary donations and legacies. Other income includes Income fM listed investments and grants received f rom health boards. Interest Recelvable Inleresl on funds held on deposit is included when recelvable and the amount can be rneasured reliably- this Is nonnally upon notif ication of the inleresl paid or payable by the Bank. Resources Expended All expenditure Is accounted f oron an accnjals basis 8nd Is classif led under headings that aggregate all costs rel8t8J to the category. Fundraising costs Include the costs of advertising, producing publlcatlons, prfntlng and meillng f undralslng materfal, and staff costs In these areas. Costs of charitabl8 activltles include direct expenditure incurred through the provlslon of research grants and operational activities. Research grant5 ar8 recognlsed as 8xp8ndlture at the tlme of approval when the reclplent ly notified of the grant. Govemance costs represent the costs associated with the govemance arrangements of the charity which relate to the general runnlng of the charity as opposed lo those costs associated with f und raising or charftable actlvlty. Flxed Assets All tangible fixed assets are recorded at cost. Listed inveslments are slated at market value. Depreclatlon Depreciation is calculated to write off the cost of an asset, less its estimated residual value, over the usef ul economic life of that asset as follows.. Health Equipment Fixtures & Fittings Motor Vehicles Leasehold Property Computer Equipment 10 /0 Straight line 10 /0 Straight line 200A straight line 2.50k straight line 25Yo Straight line 19
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Northern Ireland Chest, Heart & Stroke Company Limited by Guarantee Financial Statements for the year ended 31 March 2024 Notes to the Financial Statements Donations and legacies Unrestrlcted Total Funds Fvnds 2024 Total Funds 2023 Donatlons Voluntary Oonatlons 1,926,605 1,926,605 1,682,230 Legacles Legacies- vnrestrlcted 2,105.645 2,105.645 1,571,540 4,032.250 4,032,250 3,253,860 Income from Inve8tments Unre8trlcted Total Funds Funds 2024 Total Funds 2023 Income from UK liste¢J Investments Income from cash 105,823 21,250 105,823 21.250 98.536 14,251 127,073 127,073 112,787 Income from charltable actlvllles Unrestrlcted Funds Total Funds 2024 Total Funds 2023 Income from Health Trusts ContraGIs Income from PHA Contracts Income from the provlBlon of hegllh servlce8 424,073 206,170 138,586 424,073 206,170 138,586 420,960 197.825 105,683 768,829 768,829 724,468 Expendlture on raising fund8 Unrg¥lrlctsd Totsl Funds Funds 2024 Total Funds 2023 Appeal costs Support costs 966,761 92,188 966,761 92,188 930,147 92,679 1,058,949 1,058.949 1,022,826 Expenditure on charitable activities by fund type 21
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Northern Ireland Chest, Heart & Stroke Company Limited by Guarantee Financial Ststements for the year ended 31 March 2024 Notes to the Financial Statements (continued) Particulars of employees.. The average number of employees during the year. cal¢ulated on the b¥sls of full-tlme equivalents, was as follows.. 2024 2023 Number of staff 85 79 The number of employees whose remunerallon for the year fell within the followin bands were: £60,000 to £69,999 £70.000 10 £79,999 £80,000 10 £89,999 The key managemenlpersonneloflhe charitycomprise the Directors, Chief Executive, Deputy Chlef Executive and the Senior ManagementTeam. The total employee benefits of Ihe key man8gemenl personnel of the charitywere £353,49912023: £263,546). Tanglble flxed assets Computer Equlpmont Health Flxturos & Equlpm011t Flitlngs Motor Vohl¢le8 Leasehold Property Total Cost At 1 Apr2023 318,498 39.912 146,074 11,827 1,311,493 1,827,804 Additions 39,132 39,132 At 31 M8r2024 357,630 39,912 146,074 11,827 1,311,493 1,866.936 Depreclatlon At 1 Apr2023 290,308 36,347 133,944 11,827 532,798 1,005,224 Chanqe for the year 32.287 Al 31 Mar 2024 313,954 37,904 136,591 11,827 565.085 1,065,361 Net book value Al 31 M8r 2024 43,676 2,008 9,483 746808 801,575 At 31 Mar 2023 28,190 3,565 12,130 778,695 822.580 Investments Movement in market value 2024 2023 Marketvalu8 at 1 Apr2023 Acquisitions al cost Dlsposals al market value Nel gainllloss) on revaluation for the year 8nd8d 31 March 2024 Nel monies transferred io client monies account less fees 5,030,023 4,171,493 3,530,877 1,237,644 12,414,008) 1193.304) 143,678 {150,626) (30,089) (35,814) Mathetvalue at 31 Mar 2024 6,260,481 5,030,023 Historical cost at 31 Mar 2024 6,007.760 4,893,808 23
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Northern Ireland Chest, Heart & Stroke Company Limited by Guarantee Financial Ststements for the year ended 31 March 2024 Notes to the Financial Statements (continued) 12. Creditors". Amounts falling due within one year 2024 2023 Trade creditors Amounts owed to group undertakings Taxation and social security Research grantcommitment Accruals 169,280 11,562 83,857 800,622 57,445 160,946 11,775 72.821 305,604 105.627 1,122,766 656,773 13. Credltors: Amounts falllng due after more than one year 2024 2023 R8s6arch grant commitment 454.069 1,133,493 14. Unrestrlct6d Income funds Balance at 1 Apr 2023 Incomlng Rgsourcg5 Outgolng Balance at R8sourGe¥ 31 Mar 2024 Designated Fund - Fixed Assets Designated Fund - SIX monihs unr88tricled expenditure General Funds 822,580 1,749,717 (21,0051 801,575 1,749,717 3,587,599 4,928,152 14,462,379) 4,053,372 6,159,896 4,928,152 14,483,384) 6,604,664 15. Analysls of net assets between funds Tanglbl• Flx•d A550ts N•t assets1 {Ilabllltl8sI Invo$lmonts Total Unrestrlcted Funds 801,575 6,260,481 (457,392) 6.604.664 Total Funds 801,575 6,260.481 (457,392) 6,604,664 25
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