Charity number 103683 Crai avon Cardiac Care Association Financial Statements For the ear ended 31 December 2017
Crai avon Cirdiac Care Association Financial Statements For the ear euded 31 December 2017 Chari Information Chairperson Philomena Hagan Secretary Rodney Wiggins Treasurer Noel¢¢n Hampton Charity Registration No. 103683 Accountants & Auditors Flynn & Cotnpany Ac¢ountants Limited Chartered Accountants 28 Carleton Street Port&down Co Arnia8h BT62 3EP Bankers Danske Bank 45148 High Street Portadown Co. Arniagh BT62 ILB
Crai avon Cardiac Care Association Financial Statements For the ear ended 31 December 2017 Contents Page Trustees. Annual Report Auditor's Report Profit & Lo55 Account Balance Sheet io Notes to the financial statements 11-14 Delailed Profit & Loss Account 15
Crai avoll C rdia¢ Care Assoclatlon Trustees Annual Re For the ear ended 31 Deeember2017 The trustees are pl¢as¢d to present their annual report and the financial statements for the year ended 31 December 2017. Governanee and Management The charity is governed by its constitutton. The constitution provides that the charity shall be managed by a committee. to include a Chairper50n, Secretary, I'r¢asurer, together with its members, elected at an AGM. Th¢ committee shall meet for Ihe conduct of business as they see fit, but in any event shall meet in February of each year. Trustees The following persons s¢rv¢d as trustees in the year: Winifred Gillespie Rodney Wiggins Philomena Hagan Rhoda Larniour Objective5 and Activities The object of the Association is to assist Cardiac Research and treatment of patients in Crnigavon Area Hospital. In parti¢ular (but without in any way limiting the generality of the foregoing) the Association may assist such work in any of the following ways'.- (i) To promote a rc5earch fellowshtp and the publication and distribution of the results thereof to interested persons or bodi¢s. (li} By the provision of equipment to (a) assist the medical staff in ihe treatment of patients. (b) to assist in th¢ r¢habilitation of patients. (iii)To assist medi¢al staff to attend Conferences. (iv) By paying subscriptions and making donations to other Hospitals. homes or installations having amongst their objects any of the objects in (i), (li) or (iii) above. Aehievements and Performance Throughout the year the organisation continued to pursue its goal of providing support for those who suffered from heart conditions. Specifically the association.. l. Provided funding in th¢ amount of £20,705 to th¢ Southern Health and Social Care Trust to assist with wages costs in the Cardiac Research Unit in Crai8avon Area Hospital. 2. pur¢hased 20 defibrillators which were made available for use throughout the a8 to assist with cardiac Care. 3. The association also made contributions to Heart-to-Heart nursing and physiotherapy to assist with the treatment of post-operation patients in the community. FinaDeial Review The results for the y¢ar and the charity's financial position at the end of the year are set out in the attached accounts.
Crai avon Cardiac Care Asso¢i2lion Trustecs Annual Re ort For the earended 31 Deeember 2017 Plgns for Future Period5 The association plans to continue its efforts lo assist these who suffer or have suffered with heart conditions and to continue to help witli research in Craigavon Arca Hospital. Tlie charity aims to fund a resedrch project headed by Dr Rob Brisk, which aims to train niedical professionals in the use of new equipment lo be used in the treatinent of ¢ardiac patients. Truste¢$' R¢sponsibtlities in relation to the Financial Statements The Charities Act (Northem Ireland) 2008 r¢quir¢ unincorpoi'ated cliai'ities to ensure that accounting records are kept which are sufficient to show and explain all the charity's transactions, and which are sueh as to disclose at anytime, with reasonable accuracy. the financial position of the charity at tliat time. The accounting records shall in particular contsin: a) eiltries sliowing from day to day 211 sutns of monics r¢c¢ived and expended by the charity, and the matters in respect of which the receipt and expendilure lakes place, and, b} a record ot tlie assets and liabilities of il)e charity. Auditors Flynn & Company Accountants Liinited have been appoinled as auditors lo Ilie ¢harity. St*temen¢ of compliance In setting our objectives and planning our a¢tivilies For the year the trustees have givei? careful consideration to the Charity Commission for North¢rn Irelatkd's Guidance on Public Benefit to ensure that the activities have helped to achieve the charity's purpos¢ and provid¢ a bcncfit lo tlie beneficiaries. Signed by order of the MembeTS ofthe Committee Date.. 24 October 2018 Philomena Hagan Chairperso Date= 24 October 2018 Rodney W Secretary ggiAs Date.. 24 October 2018 Noeleen Hampto Treasurer
Crai av n Cardiac Care Association Re rt of the inde ndent auditor to the Members of Crai avon Cardiac Care Assoeiatioll We have audited the financial statem¢nls of Craigavon Cardiac Care Association for the year ended 31 Dember 2017 which comprise of the statement of financial activitie5, income and expenditure account. balance sheel accounting poli¢ies and notes. These financial statements have been prepared under the accounting policies s¢t out therein. This report is made solely to th¢ charity's members, as a body, in accordance with S¢¢tion 65(3)(b) of the Charities Act (Nl) 2008. Our audit work has been undertaken so that we tnight state to th¢ charity members thos¢ matters we are required to state to th¢tn in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body. for our audit work, for this report, or for th¢ opinions we have fortned. Respective responsibilities of the directors and auditor5 The responsibilities of the directors for preparing the financial statements in accordance with applicabl¢ law and United Kingdom Accounting Standards (United Kingdom Generally A¢cepted Accounting Practice) are set out in the Statement of R¢sponsibilities of the Directors. Our responsibility is to audit the financial statements in accordance with the relevant legal and regulatory requirements and Inlernational Standards on Auditing (UK and Ir¢land). We report to you our opinion as to whether the financial statements give a true 2nd fair view and are properly prepared in accordance with the Charities Act (Nl) 2008, and whether the infom)ation giv¢n in the direetors. report is consisteTrt with the financial statement8. In addition we also report to you if, ift our opinion, th¢ charity kas not kept proper 2¢counting records. if we have not received all the information and explanations we reqiiir¢ for our audit, or if information specified by law regarding directors. remuneration and other transactions is not disclosed. We read other infomiation contained in the members report and consider whether it is consistent with the audited financial statements. We consider the implications for our report if we b¢¢ome aware of any apparent misststements or material inconsisiencies with the financial statements. Our r¢sponsibilities do not extend to any other information. Basis of audit opinion We conducted our audit in accordance with International Standards on Auditing (UK & Ireland) issued by the Auditing Practices Board. An audit includes examination, on a test basis of evidence relevant to the atnounts and disclosures in the financial stal¢ttTrents. It also includes an assessment of thc significant estimates and judgements made in the preparation of the financial statements, and of whether the accounting policies are appropriate to the charity's ¢ircumstan¢es, consistently applied and adequately disclosed.
Crai avon Cardia¢ Care Assoelatioll orl of the inde endellt auditor lo the Member5 of Crai avon Cardiac Care AssociatlOD -continued We planned and perfornied our audit so as to obtain all the inforniation and explanations which we consider necessary in order to provide us with sufficient evidence to give reasonable assuranee that the financial statements are fre¢ from material misstatement, whether caused by frdud or other irregularity or error. In fomiing our opinion we also evaluated the overall adequacy of the presentation of information in the financial statem¢nts. Opinion tn our opinion.. the financial statements give a tn]e and fair view, in accordance with United Kingdom Generally Accepted Accounting Practice, of the state of affairs of the charity a5 at 31 December 2017 and of its incoming resources and application of resources for the year then end¢d the financial statements have been properly prepared in accordance with the Charities Act (Nl) 2008. The information given in the Trustees, Report is consist¢nt with the financial statements for the year ended 31 De¢etnber 2017. Opinion on other matter5 prescribed by the Charities A¢t (ND 2008 tn our opinion the information given in the Trusl¢es' Report for the financial year for which the financial statemenls are prepar¢d is consistent with the financial statements. Matters on whieh Ive are required to report by ex¢eplion We have nothing to report in respect of the following matters wher¢ Charities Act (Nl) 2008 r¢quires us to report to you if, in our opinion.. Adequate accounting records have not been kept The financial stat¢m¢nts are not in agreement with the accounting records or retums. or We have not received all the infom)ation and explanations r¢quired for our audit. or
Crai avon Cardiac Care A&sociation ort of tbe inde endent auditor to the Member5 of Crai avon Cardiac Care Association .¢ontinued The inforniation given in the trustees, report is inconsistent with the financial statements. Kieran MeGeough Senior Statutory Auditor For and on behalf of CA) Flynn & Company Accountants Limited Chartered Aeeountants & Registered Allditor5 28 Carleton Street Portadown Co Armagh BT62 3EP 24 October 2018
Crai avon Cardi2e Care Association Profit and Loss Aceount For the ear ended 31 December 2017 2017 2016 Illcomin Resource Ti¢ket sales Sponsorship & Donation5 CW Concert Income from inv¢sttnents 11,342 23,277 1,278 69 14.271 24.713 3,580 201 Total Incoming Resources 35.966 42,765 Resources Expended Cost in furtherance of charitable objectives (46,143) (39,015) Total Resources Expended (46,143) (39,015) Net gains on investments 15,620 20.183 Net income and net movement in fijnds 5.443 23,933 Funds brought forward 340,623 3 l6.690 Funds Cydrried forward £346,066 £340,623
Crai avon Cardiac Care Association Balance Sheet For the ear en(led 31 December 2017 2017 2016 Fixed Assets Investtnents 316,903 301,283 Current Assets Cash at Bank Danske Charity Account Daiiskc No. 2 Account 8,750 25,613 25,069 14,271 34.363 39,340 Current Liabilities Ac¢rua15 (5,200) Net Current A$sets 29.163 39.340 £346.066 £i40.62) Funds Unresti'iclcd Restricted 346,066 340,623 Total Charity funds £346,066 £340,623 The financial statements were approved by the committee on 24, October 2018 and signed on its behalf by: Philomena Hagan Cliairperson Rodney Wi Secretary gills Nocleen Hampto Treasurer io
The notes on pages 12-14 form an integral part of tbeses financial statements
Crai avon Cardiac Care Assoeiation Note5 to the Financial Statements For the ear ended 31 December 2017 Accounting policies. l. l. Accounting Convention The financial statements are prepared under ihe historical cost convention. The financial statements have been prepared on a going concern basis which assum¢s that the charity will continue in operational existence for the foreseeable future. The validity of this assumption depends upon the continued support of donors. 1.2. Donations and Voluntary Income Voluntary income is received by way of donations and gifts, and special fund-raising events. Donations and gifts are included in full in the statement of financial activities in the period in which they are received. 1.3. Expendi¢ure All expenditure is in¢lud¢d in the Profit and Loss Statement. The value of purchase invoices receivcd before the year end but not paid until after the year end has been included in the Profit and Loss Stsiement. 1.4. Investment Income Bank interest is included in the Profit and Loss Account on r¢¢¢ipt. 1.5. Fund Accounting At present. all of the funds held are unrestricted. Don#tion$ Ullre5trifted Fund5 Total Fuhds 2017 Unrestricted Fund5 Total Funds 2016 Donations 23,277 23,277 24,713 24.713 Investment income Unrestricted Funds Totsl Funds 2017 Unrestricted Funds Tot*1 Funds 2016 Bank Interest rec¢ivabl¢ 69 69 201 201 £69 £69 £201 £201 12
ra avon Cardiac Care Association Notes to the Financial Statements For the ear ended 31 Deeember2017 Cost ill furtherance of charitable objectives Uthrestricted Furtd$ Total Funds UnTe5tricted Fulld$ Total Fund5 2016 2017 nditure on Charitable Activities Support to the Cardiac Unit at CAH Defibrillators Heart To Heart Nursing & Physiotherapy Expediture on raising funds Governance & Office costs 20.705 15.000 1.630 5.428 3,380 20,705 15,000 1,630 5,428 3,380 15,827 15,000 1,040 3,118 4,030 15,827 15.000 1,040 3,118 4.030 £46,143 £46,143 £39,015 £39.015 Analysis of Governance & Olee Costs 2017 2016 General otTice Legal & professional Sundry Costs 808 2.400 172 474 2,100 1,456 £3.380 £4,030 Net Gains on Investments Unrcstrictcd Fllnd$ Totsl Fund5 2017 Unrestricted Fund$ Total Funds 2016 Gain5 on inv¢stm¢nts £15,620 £15,620 £20.183 £20.183 Auditor Fees 2017 2016 Auditors remuneration 2,400 £2,400 Trustee Remuneration and expenses No rernuneration or other benefits from employment with the charity were received by the trust¢es. 13
Crai avon Cardiac Care Association Notes lo the Financial Statements For the ear ended 31 December 2017 Investments Listed Investmonts st or valuation At l January 2017 Fair Value Movements 301,283 15,620 At 31 December 2017 £316,903 Car in Amount At 31 December 2017 £316,903 At 3 l D¢cember 2016 £301,283 All investments shown above are held at market value. Listed inves¢men¢s The aggregate market value of listed investments is £316,903 (2016.. £301,283) Fillallcial Assets held at fair value These investments were valued by Quiltei Cheviot as at 31 December 2017. 10. Creditors: amounts falling due Tvithin one year 2017 2016 Accruals & Deferred Income £5,200 An*ly5is of ebaritable funds Uure5tricted Funds At l January 2017 Intom¢ Expenditure GAins & At 31 Detember Losses 2017 General Funds £340,623 £35,966 £(46,143) £15,620 £346,066 14
Crai avoD Cardiac Care Association Detailed TrAdiD Profit & Loss Account Alld Ex enses Schedule For the earended 31 December 2017 2017 2016 Income Ticket sales Special donations Donations for defibrillators In Lieu of flowers Collection Box Prizes Sponsorship CAF CW Concert Bank Interest Miscellaneous 11,342 10,035 3.750 4,252 958 1,825 2,356 81 1,278 69 20 14,271 12,462 5,500 4,180 1,639 925 3,580 201 35,966 42,765 enditure direct su ort lo the Cardiac Unit ai CAH Payroll for secretary to R¢s¢at¢h Cardiologist Defibrillators 20,705 15,000 l5,827 15,000 {35.705) (30,827) Su OTt costs Prizes Heart to Heart Bank Fees Postage & Stationery Insurance Concert Accountancy & Audit Radio star Miscellaneous B. Vallely Consultant Cath Lab- Folders Cath Lab- C McKeever NICVA G. Toner- leaving present 5,200 1,630 92 530 278 188 2,400 40 80 2,l95 1,040 116 196 278 923 2,100 875 255 60 150 (10,438) (8,188) (Decrease)Ilnctease in funds (before gains on investments Net Gains on Investments (10,177) 15,620 3,750 20,183 £5.443 £23,933 15
Crai avon Cardiac Care Association Investments For the ear ended 31 December 2017 uilters No.1 uilters No.2 TotAI Balance l January 2017 301,283 184.466 116,817 Movements in investments 15,620 10,069 5,551 Balance at 31 December 2017 £316,903 £194,535 £122,368 16