REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements |
for the Year Ended 31 August 2024 |
for |
Heartwize |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements |
for the Year Ended 31 August 2024 |
for |
Heartwize |
Heartwize |
Contents of the Financial Statements |
for the Year Ended 31 August 2024 |
Page |
Report of the Trustees | 1 | to | 4 |
Independent Examiner's Report | 5 |
Statement of Financial Activities | 6 |
Statement of Financial Position | 7 | to | 8 |
Notes to the Financial Statements | 9 | to | 13 |
Heartwize (Registered number: 11514785) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
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 August 2024. The trustees have adopted the provisions of 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). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
The objectives and main activities of the Charity continue to be: |
1. Saving lives through educating children and members of the general public in the performance of cardiopulmonary resuscitation and the use of defibrillators; |
2. Preservation and protection of public health by the provision of information, assistance and equipment to schools, other organisations and the general public in order to reduce the number of deaths from cardiac arrest. |
Public benefit statement |
The Trustees have considered the guidance on public benefit published by the Commission and are satisfied that they have complied with the guidance when exercising their powers or duties during the year. |
Heartwize (Registered number: 11514785) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
ACHIEVEMENT AND PERFORMANCE |
Throughout the year, Heartwize has continued with training activities in schools, businesses and the wider community to ensure that as many people as possible know how to recognise and respond to a cardiac arrest. |
Re-establishment of the schools' programme has been an ongoing priority following its suspension during the COVID-19 pandemic and good progress has been made reconnecting with schools throughout Leicestershire and Rutland. In addition, Heartwize has provided training for numerous local businesses, some of which will go on to participate in the Heartwize Business Connect programme. This involves Heartwize providing training for the designated first-aiders within the company to enable them to deliver the Heartwize training module to the wider workforce, with oversight and support from Heartwize, as required. |
Training sessions have also been provided in a variety of other community settings. Strong links with Rotary District 1070 have been maintained, with Heartwize Rotary delivering training to Rotary Clubs throughout the District and in local schools and community groups. Heartwize has continued to provide mandatory Basic Life Support training for GP trainees as part of the Nottinghamshire GP Specialist Training Programme. Feedback from trainees attending Heartwize sessions is always extremely positive and it has been particularly gratifying to have been informed of some specific instances of lives being saved by Heartwize trainees soon after having attended a training session. |
Heartwize was delighted and honoured to be nominated for the Leicestershire Community Champions Awards 2023. Heartwize was a finalist for Charity of the Year and Phoebe Tomes, a long-serving and dedicated Heartwize volunteer, won the Volunteer of the Year award. On the birthday of HM King Charles III, 14th November 2023, Heartwize was honoured to be granted the King's Award for Voluntary Service, recognising the dedication and commitment of the Heartwize volunteers. The award was presented by Mike Kapur Esq OBE, His Majesty's Lord-Lieutenant of Leicestershire, at a ceremony at Loughborough College on 28th February 2024. |
The financial position of the charity has strengthened during the year, with legacy income and generous donations from private donors, local businesses and longstanding supporters, including the Provincial Grand Lodge of Leicestershire & Rutland, the Masonic Charitable Foundation and the Clarke Charitable Settlement. With support from the Bradgate Rotary Club and Sterling Lotteries, a Heartwize lottery has been established as a continuing source of additional income. |
During the year, Heartwize applied for and was awarded a grant of $75,000 from the Baker Hughes Foundation to support the expansion of the Heartwize Business Connect programme. A further welcome development was the decision by Leicester City Football Club to make Heartwize one of their nominated charities for the 2024/25 football season. This has involved a programme of mutually beneficial activities, including raising awareness of the problem of cardiac arrest amongst supporters and others involved with the club and in the wider community, as well as a number of training opportunities. In addition, Heartwize will receive a charitable donation from the VS Foundation. |
Heartwize volunteers are the mainstay of the programme. The Trustees are immensely grateful to them all for their passion, energy and commitment, and for giving freely and generously of their time to support to support the delivery of the programme. |
FINANCIAL REVIEW |
Financial review |
The total income for the year amounted to £132,362 (2023: £21,484), with total expenditure of £48,664 (2023: £42,038). |
Reserves policy |
The Trustees have reviewed the reserves of the Charity. The unrestricted reserves at the end of the financial year were £89,143 (2023: £5,445). It is the policy of the Trustees to ensure that reserves are maintained at a level sufficient to meet the operating costs of the Charity for at least six months. |
Heartwize (Registered number: 11514785) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The Charity became a registered Charity on 25 February 2020. The Charity is controlled by its governing document, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Trustees are elected in accordance with the governing document/ constitution. |
Trustees are recruited for their service to the Charity or their skills in the areas of the Charity's principal activities. Trustees are sought in a variety of ways involving exploration of the field of potential candidates, including recommendation from existing Trustees and supporting Members. Potential Trustees are scrutinised by nominations. |
All new Trustees undergo a structured introduction to the operations of the Charity. Trustees meetings are held regularly to review and agree major areas of policy. The responsibility for reviewing key areas of activity and policy are delegated to members of the board. |
The Charity is bound by the following governing documents: |
1. Memorandum and Articles of Association incorporated 13 August 2018 |
2. Charity law and relevant legislation |
Risk management |
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. |
The Trustees have examined the principal areas of the Charity's operations and consider the major risks which may arise in each of these areas. In the opinion of the Trustees, the Charity has established resources and reviewed systems which, under normal circumstances, should allow the risks to be identified by them to be mitigated to an acceptable level in its day-to-day operations. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Independent Examiner |
Ashok R Patel |
Sharman Fielding |
Chartered Accountants |
The Oval |
57 New Walk |
Leicester |
Leicestershire |
LE1 7EA |
Heartwize (Registered number: 11514785) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Charity Banker |
Barclays |
1-3 Haymarket Towers |
Humberstone Gate |
Leicester |
Leicestershire |
LE1 1WA |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
Heartwize |
Independent examiner's report to the trustees of Heartwize ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company 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 your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
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: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts 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 accounts 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 accounts to be reached. |
Ashok R Patel |
Sharman Fielding |
Chartered Accountants |
The Oval |
57 New Walk |
Leicester |
Leicestershire |
LE1 7EA |
26 June 2025 |
Heartwize |
Statement of Financial Activities |
for the Year Ended 31 August 2024 |
31.8.24 | 31.8.23 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
Income and endowments from |
Donations and legacies | 2 |
Expenditure on |
Other |
NET INCOME/(EXPENDITURE) | ( |
) |
Reconciliation of funds |
Total funds brought forward |
Total funds carried forward | 5,445 |
Heartwize (Registered number: 11514785) |
Statement of Financial Position |
31 August 2024 |
31.8.24 | 31.8.23 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
Fixed assets |
Tangible assets | 8 |
Current assets |
Debtors | 9 |
Cash at bank |
Creditors |
Amounts falling due within one year | 10 | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
NET ASSETS |
Funds | 11 |
Unrestricted funds | 5,445 |
Total funds | 5,445 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
Heartwize (Registered number: 11514785) |
Statement of Financial Position - continued |
31 August 2024 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
Heartwize |
Notes to the Financial Statements |
for the Year Ended 31 August 2024 |
1. | Accounting policies |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Financial reporting standard 102 - reduced disclosure exemptions |
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': |
• | the requirements of Section 7 Statement of Cash Flows; |
• | the requirement of paragraph 3.17(d); |
• | the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c); |
• | the requirement of paragraph 33.7. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
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 cost 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. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
life. |
Plant and equipment | - 20% on reducing balance |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
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. |
Heartwize |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
2. | Donations and legacies |
31.8.24 | 31.8.23 |
£ | £ |
Donations |
Gift aid |
Grants |
Charitable activities | 4,155 | - |
3. | Support costs |
Governance |
Management | Other | costs | Totals |
£ | £ | £ | £ |
Other resources expended | 46,054 | 449 | 1,720 | 48,223 |
4. | Net income/(expenditure) |
Net income/(expenditure) is stated after charging/(crediting): |
31.8.24 | 31.8.23 |
£ | £ |
Depreciation - owned assets |
5. | Trustees' remuneration and benefits |
There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. |
6. | Staff costs |
The average monthly number of employees during the year was as follows: |
31.8.24 | 31.8.23 |
Employees |
Heartwize |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
7. | Comparatives for the statement of financial activities |
Unrestricted |
fund |
£ |
Income and endowments from |
Donations and legacies |
Expenditure on |
Other |
NET INCOME/(EXPENDITURE) | ( |
) |
Reconciliation of funds |
Total funds brought forward |
Total funds carried forward | 5,445 |
8. | Tangible fixed assets |
Plant & |
equipment |
£ |
Cost |
At 1 September 2023 and 31 August 2024 |
Depreciation |
At 1 September 2023 |
Charge for year |
At 31 August 2024 |
Net book value |
At 31 August 2024 |
At 31 August 2023 |
Heartwize |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
9. | Debtors: amounts falling due within one year |
31.8.24 | 31.8.23 |
£ | £ |
Prepayments |
10. | Creditors: amounts falling due within one year |
31.8.24 | 31.8.23 |
£ | £ |
Other creditors |
Accrued expenses |
11. | Movement in funds |
Net |
movement | At |
At 1/9/23 | in funds | 31/8/24 |
£ | £ | £ |
Unrestricted funds |
General fund | 5,445 | 83,698 | 89,143 |
TOTAL FUNDS | 83,698 | 89,143 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 132,362 | (48,664 | ) | 83,698 |
TOTAL FUNDS | ( |
) | 83,698 |
Comparatives for movement in funds |
Net |
movement | At |
At 1/9/22 | in funds | 31/8/23 |
£ | £ | £ |
Unrestricted funds |
General fund | 25,999 | (20,554 | ) | 5,445 |
TOTAL FUNDS | 25,999 | (20,554 | ) | 5,445 |
Heartwize |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
11. | Movement in funds - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 21,484 | (42,038 | ) | (20,554 | ) |
TOTAL FUNDS | 21,484 | (42,038 | ) | (20,554 | ) |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1/9/22 | in funds | 31/8/24 |
£ | £ | £ |
Unrestricted funds |
General fund | 25,999 | 63,144 | 89,143 |
TOTAL FUNDS | 25,999 | 63,144 | 89,143 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 153,846 | (90,702 | ) | 63,144 |
TOTAL FUNDS | 153,846 | (90,702 | ) | 63,144 |
12. | Related party disclosures |