Charity registration number 1151848
Company registration number 08370761 (England and Wales)
PUMPING MARVELLOUS FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PUMPING MARVELLOUS FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr J Richards Evans
Mr A N R Evans
Miss L Chadwick
Mrs K Hartshorne-Evans
Mr P Dale
Mr R J Cleverley
Mrs A C Graves
Mr RG Dunne
C Slater
Charity number
1151848
Company number
08370761
Registered office
Suite 111 Business First
Millenium City Park
Millenium City Road, Ribbleton
Preston
Lancashire
PR2 5BL
Independent examiner
David Graham Evans FCA
Bishops
1 Croft Court, Plumpton Close
Whitehills Business Park
Blackpool
FY4 5PR
Accountants
Bishops Chartered Accountants
Phoenix Park
Blakewater Road
Blackburn
BB1 5BG
Solicitors
Brabner's LLP
Horton House
Exchange Flags
Liverpool
L2 3YL
Website
pumpingmarvellous.org
PUMPING MARVELLOUS FOUNDATION
CONTENTS
Page
Trustees' report
1 - 8
Independent examiner's report
9
Statement of financial activities
10
Balance sheet
11
Notes to the financial statements
12 - 18
PUMPING MARVELLOUS FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024..

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

 

The State of Heart Failure

 

Pumping Marvellous is leading efforts to improve care for heart failure in the NHS. The organisation is involved in various strategic and central committees to drive innovation. Heart failure is a complex syndrome with both clinical and social/psychological impacts on patients, their families, and the wider population. It has poorer outcomes and prognosis compared to most common forms of cancer. In the UK, an estimated 1,000,000 people suffer from heart failure, and 30-40% of those diagnosed could die within one year of diagnosis.

 

The population affected by heart failure is mostly elderly, but it can impact people of all ages. There is evidence to show that a prompt diagnosis and intervention by heart failure specialists, along with a strong multi-disciplinary team supporting the patient upon discharge, can lead to improved outcomes. However, the multi-disciplinary team is under-resourced and faces challenges in maintaining consistency, structure, and membership nationwide, which affects the level of support available to patients.

 

The Pumping Marvellous Foundation was established to demonstrate leadership in utilisiing patient insights. It collaborates with all stakeholders to ensure the highest quality of life for patients and their families.

 

Aims and Objectives

 

PMF has four primary goals that act as a cohesive multi-disciplinary approach to heart failure care:

 

PMF carries out the following activities to achieve these goals:

 

PUMPING MARVELLOUS FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -

Public Benefit

 

The mission of the Pumping Marvellous Foundation is to ensure that patients receive the best possible treatment, care, and support, ultimately improving their quality of life and that of their families. The foundation aims to ensure that patients receive the best diagnosis, clinical intervention, and support from a multidisciplinary team in both acute and community settings, leading to an improved quality of life. Additionally, the foundation seeks to collaborate with other organizations and individuals to facilitate the development of heart failure services, providing a clear pathway from diagnosis to secondary and community care settings, and eventually to palliative services.

 

Objectives

 

Please remember the following points:

 

 

Activities and Achievements

 

We are committed to customising resources to assist patients diagnosed with heart failure. This assistance also extends to the patient's caregivers and families. Our services include a patient telephone support line, email support, website chat support, Facebook messaging support, and Twitter direct message support.

 

We offer peer-to-peer support through our private Facebook community, which is exclusively for HF patients and those impacted by the condition. This community is continuously growing, with NHS nurses, cardiologists, and cardiac rehab teams frequently referring patients for non-medical support. We have strict moderation and rules governing activity, which are enforced by our Patient Educators.

 

 

Heart Failure Awareness

 

The main thrust of activities around building awareness has been via our BEAT Campaign and the use of digital space and social media.

 

Awareness of heart failure is a rolling conversation. Our three thrusts have been aimed at the following:

 

 

 

Volunteer development

 

Please keep the following text in mind:

With our Patient Advisory Committee, it is crucial that we continue to concentrate on enhancing the skills of our valuable volunteers. We are dedicated to establishing a diverse and inclusive community of heart failure patients and have made substantial efforts to achieve widespread volunteer representation across the UK. Our focus is on increasing the number of patient educator volunteers, particularly those who can represent individuals with HFpEF.

 

 

PUMPING MARVELLOUS FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -

Significant political activity

 

Significant operational activity

 

Significant marketing activity

 

Major Conferences attended

 

 

Governance

 

The charity continues to review and refine its governance with its legal representatives.

 

PUMPING MARVELLOUS FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -

Press and Media Activity (on and offline)

 

 

Communication/ IT infrastructure/ Web

 

PUMPING MARVELLOUS FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -

Fundraising

 

Fundraising Overview: April 2023-2024

 

Donations & Fundraisers £61,937

We continue to promote our fundraising channels and have continually developed this area on our website, we continue to support our fundraisers and all their efforts.

As a dynamic charity, we have continued to rely on the generosity and kindness of our supporters to enable people living with heart failure across the UK to access the practical and emotional help and support they need when they need it most.

 

Corporate and Grant Funding £260.087

During this period, it has been possible to continue employing a part-time administrator to explore potential new avenues of funding (in companies and trusts).

 

In Summary

Donations received from trusts £17,134

Charitable Trust fundraising will continue throughout 2024/25; there has been a significant decrease in trust funding available.

 

Project Delivery

It is essential to highlight that all companies we engage with have signed our MOU.

 

Awareness Campaigns (BeatHF)

Novartis Pharma Uk London     £9,533        Radio disease awareness

 

Projects

Medtronic Limited            £51,704        Healthy Heart Program

Pharmacosmos            £55,000        Cardiac Rehabilitation Platform

Astra Zeneca            £19,900        Starlight Project

National Lottery            £8,580        Patient Educator Conference

NHS England            £10,000        Yorkshire 3 ICB project

 

Patient Guides

Pharmacosmos UK Ltd        £17,370        Iron Deficiency Guide

Astra Zeneca UK Ltd        £64,950        Discharge Pack

Midlands Partnership NHS

Foundation Trust            £10,000        Patient Information

Medtronic Limited            £8,700        Patient Information

 

 

Corporate Donations

Probe Drainage            £1,500        Sponsorship Healthy Heart Program

CPC                £1,500        Sponsorship 7 in 7

PRS Group            £1,000        

Paragon Bank            £350

PUMPING MARVELLOUS FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -

Financial Performance

 

2023-24 closed with a balance of £366,799 the total income for 2023-24 was £360,067, a decrease of approximately 48% from 2022-23, against the expenditure of £455,001,which represents a decrease of approximately 22% from 2022-23. These changes are reflective of the development and stability of the team over the year. The decrease in income is reflective of the economic environment and the increased difficulty in obtaining funding.

 

The Pumping Marvellous Foundation continues to receive income from a variety of funding streams and relies on the generosity of the public for its fundraising activities for example: - donations from individuals and organisations, sponsorship of individuals involved in sporting activities.

 

Consultancy Payments £8,153

Along with grant funding, partnerships, and projects, this enables the employment of a full-time officer (CEO), two nearly full-time managers to run the daily operations and deliver projects, and two part-time administrators to drive the charity forward, support our community, and produce the tool kits promoting the charity's awareness and aims.

 

Reserves Policy

The reserves policy allows the charity to plan and develop a programme for future activities with the certainty that it can proceed and deliver projects without dependence on further funding. The trustees are happy to hold reserves up to an equivalent of 12 months of general operating costs to provide the basis for building the charity and continuing its work should it suffer a downturn in income. Pumping Marvellous Foundation’s current budgeted monthly expenditure for the upcoming year is approximately £20,000.

 

Principal Funding sources

PMF has continued to forge strong partnerships with Life Sciences organisations as well as their respective trade organisations. As PMF grows, we will be looking to develop our other channels further for funding including corporate and grant funding, legacy and wills and strengthen our public support along with the NHS partnerships.

 

Structure, governance and management

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr D D Smith
(Resigned 10 June 2023)
Mr J Richards Evans
Mr A N R Evans
Miss L Chadwick
Mrs K Hartshorne-Evans
Mr P Dale
Mr R J Cleverley
Mrs A C Graves
Mr RG Dunne
C Slater
PUMPING MARVELLOUS FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -

Trustee Team

 

Operational Team

 

The Pumping Marvellous Foundation has an executive team with administrative, clinical and fundraising support that manages the strategic direction and is responsible for the charity's activities.

 

Patient Advisory Group

 

This is a collection of expert patients who volunteer their time to help fellow patients. They are called Patient Educators and are intrinsically involved in the direction and activities of the charity regularly supporting the operations team in its activities.

 

Clinical Advisory Board

 

The role of the Clinical Board is to act as an independent advisory board with no responsibility or accountability as to the actions of the charity. The purpose of the Clinical Board is to guide the charity in making the right decisions around the health and wellbeing of heart failure patients across the United Kingdom- offering factual and real-world experience from the clinical and payer perspective. The Clinical Board will have access to all the charity's resources and will also act to create new opportunities for the charity. The Clinical Board's role is advisory and is not binding on the Charity. The Charity will indemnify the Clinical Board against legal claims based on its advice, provided the members of the Clinical Board have acted in good faith and have given advice in keeping with the conduct of their professional positions.

 

Membership

The charity does not have a membership and is all inclusive in line with the charity objects.

 

Investments

A trading subsidiary, Pumping Marvellous Ventures, was set up to enable opportunities that occur outside the charity's main focus yet benfit the charity's core operations.

PUMPING MARVELLOUS FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 8 -

 

CEO Summary Statement

 

The Pumping Marvellous Foundation is the go-to organisation for:

 

The Pumping Marvellous Foundation was described as a "Consultancy to us all". A fair comment, however, we deliver at all levels. At the coal face with the patients and superbly equipped to deal with the national conversations at the highest of levels, a challenge that all associated with the charity are keen to continue, not least by the patients themselves.

 

To build upon the foundations that the charity has laid however, will require the resources to delivery on our core aims and objectives, and therefore assuring funding from multi stakeholders will be a priority going forward. We will need to be agile and athletic around spreading our bets around where we access funding. We need to level the playing field and focus on grants and corporate funding where this is significant value not only for PMF but also the funder. We have over 1,000,000 people in our beneficiary population and currently we are the only specific heart failure patient organisation in the UK.

 

The trustees' report was approved by the Board of Trustees.

Mr R J Cleverley
Trustee
Dated: 1 December 2024
PUMPING MARVELLOUS FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF PUMPING MARVELLOUS FOUNDATION
- 9 -

I report to the trustees on my examination of the financial statements of Pumping Marvellous Foundation (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

David Evans FCA
Bishops
1 Croft Court, Plumpton Close
Whitehills Business Park
Blackpool
FY4 5PR
Dated: 2 December 2024
PUMPING MARVELLOUS FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 10 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
2
343,187
-
343,187
672,592
-
672,592
Charitable activities
3
10,302
-
10,302
22,308
-
22,308
Other trading activities
4
4,166
-
4,166
6,054
-
6,054
Investments
5
2,412
-
2,412
735
-
735
Total income
360,067
-
360,067
701,689
-
701,689
Expenditure on:
Raising funds
6
9,800
-
9,800
12,023
-
12,023
Charitable activities
7
445,201
-
445,201
571,772
-
571,772
Total expenditure
455,001
-
455,001
583,795
-
583,795
Net income/(expenditure) and movement in funds
(94,934)
-
(94,934)
117,894
-
117,894
Reconciliation of funds:
Fund balances at 1 April 2023
461,473
260
461,733
343,579
260
343,839
Fund balances at 31 March 2024
366,539
260
366,799
461,473
260
461,733

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

PUMPING MARVELLOUS FOUNDATION
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 11 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
12
10,001
10,001
Current assets
Debtors
13
-
2
Cash at bank and in hand
359,172
454,394
359,172
454,396
Creditors: amounts falling due within one year
14
(2,374)
(2,664)
Net current assets
356,798
451,732
Total assets less current liabilities
366,799
461,733
The funds of the charity
Restricted income funds
16
260
260
Unrestricted funds
17
366,539
461,473
366,799
461,733

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 1 December 2024
Mr R J Cleverley
Trustee
Company registration number 08370761 (England and Wales)
PUMPING MARVELLOUS FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 12 -
1
Accounting policies
Charity information

Pumping Marvellous Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is Suite 111 Business First, Millenium City Park, Millenium City Road, Ribbleton, Preston, Lancashire, PR2 5BL.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's Governance Documents and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

 

PUMPING MARVELLOUS FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 13 -
1.5
Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
written off in year of acquisition

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.8
Taxation

The charity is exempt from corporation tax on its charitable activities.

1.9
Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2
Donations and legacies
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Donations and gifts
87,450
69,982
Other Donations
255,737
602,610
343,187
672,592
PUMPING MARVELLOUS FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 14 -
3
Income from charitable activities
Fees & reclaimed expenses
Fees & reclaimed expenses
2024
2023
£
£
Other income
10,302
22,308
Analysis by fund
Unrestricted funds
10,302
22,308
4
Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Shop income
4,166
6,054
5
Income from investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
2,412
735
6
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising and publicity
Staging fundraising events
7,467
5,546
Other fundraising costs
2,333
6,477
9,800
12,023
PUMPING MARVELLOUS FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 15 -
7
Charitable activities

Charitable Expenditure

Charitable Expenditure

2024
2023
£
£
Staff costs
167,820
154,396
Insurance
3,511
3,273
Office & Storage
16,031
15,174
IT Costs
4,617
3,735
Patient Information
112,682
110,411
Patient Community/ Awareness Campaign
68,269
157,275
Telephone
1,161
1,402
Postage & Stationery
7,553
11,861
Sundries
59
25
Equipment Purchases
6,821
984
Travel costs
16,492
12,188
Training costs
-
95
Promotional & Marketing
466
21,247
Website & Social Media
34,376
67,279
Speakers/ Campaign costs
1,865
8,242
441,723
567,587
Share of governance costs (see note 8)
3,478
4,185
445,201
571,772
8
Support costs allocated to activities
2024
2023
£
£
Governance costs
3,478
4,185
Analysed between:
General
3,478
4,185
9
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
PUMPING MARVELLOUS FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 16 -
10
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
6
6
Employment costs
2024
2023
£
£
Wages and salaries
121,562
111,501
Social security costs
38,523
36,231
Other pension costs
7,735
6,664
167,820
154,396
There were no employees whose annual remuneration was more than £60,000.
11
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12
Fixed asset investments
Other investments
£
Cost or valuation
At 1 April 2023 & 31 March 2024
10,001
Carrying amount
At 31 March 2024
10,001
At 31 March 2023
10,001
2024
2023
Other investments comprise:
Notes
£
£
Investments in subsidiaries
1
1
Loans to subsidiaries
10,000
10,000
10,001
10,001
PUMPING MARVELLOUS FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 17 -
13
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
2
14
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
1,114
1,406
Accruals and deferred income
1,260
1,258
2,374
2,664
15
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
7,735
6,664

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

16
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April 2023
At 31 March 2024
£
£
Sundry restricted funds
260
260
Previous year:
At 1 April 2022
At 31 March 2023
£
£
Sundry restricted funds
260
260
PUMPING MARVELLOUS FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 18 -
17
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2023
Incoming resources
Resources expended
At 31 March 2024
£
£
£
£
General funds
461,473
360,067
(455,001)
366,539
Previous year:
At 1 April 2022
Incoming resources
Resources expended
At 31 March 2023
£
£
£
£
General funds
343,579
701,689
(583,795)
461,473
18
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 31 March 2024:
Investments
10,001
-
10,001
Current assets/(liabilities)
356,538
260
356,798
366,539
260
366,799
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
At 31 March 2023:
Investments
10,001
-
10,001
Current assets/(liabilities)
451,472
260
451,732
461,473
260
461,733
19
Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

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