Annual report and accounts 2011 - Heart Research UK

TRUSTEES’ REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2011
Heart Research UK is a visionary charity
that leads the way funding ground
breaking, innovative medical research
projects at the cutting edge of science
into the prevention, treatment and cure
of heart disease.
There is a strong emphasis on
supporting clinical and surgical
projects and young researchers on their
first steps into research.
The charity also encourages and supports
original healthy lifestyle initiatives that
explore novel ways of preventing heart
disease in all sectors of the community.

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HEART RESEARCH UK
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2011
MESSAGE FROM OUR CHAIRMAN
2011 was, again, a challenging year for all charities, but I am pleased to
report that Heart Research UK continues to be in a better position to
withstand the effects of the economic situation than many other
organisations. Prudent financial management by the Board of Trustees,
together with making sure we keep our overheads as low as possible, has
meant we remain, at the end of the year, in a sound financial position. We
have continued to fund high quality medical research and encouraged
Healthy Heart lifestyle and to follow our 3-year strategy, which has
helped us to stay focused and to maximise existing avenues of support
whilst remaining flexible enough to take advantage of new opportunities.
The aims and objectives of Heart Research UK are: “the promotion and
furtherance of medical research into the prevention, treatment and cure
of heart disease and related conditions including practical help with the
prevention and treatment and the rehabilitation of those with such
diseases”
Cardiovascular disease is still one of the main causes of death in the UK,
even though the number of deaths from heart attacks has halved in the
last ten years amongst some age groups. Disappointingly, the incidence
of heart disease is rising but thanks to advances in its treatment, helped
by medical research funding by charities like Heart Research UK, more
and more people live with heart disease every day. We all know the
importance of living a healthy lifestyle but, worryingly, some age groups
and women, especially, are living lifestyles that can lead to cardiovascular
disease. More than ever before, the work done by charities such as Heart
Research UK is needed, to educate everyone about the benefits of living
WHAT WE HAVE DONE IN 2011
FINANCIAL HIGHLIGHTS
• Total income of £1.75m, compared with £1.93m in 2010
• £1.05m legacy income, £1.23m in 2010
• Other income £690k, £699k in 2010
• Expenditure, £1.98m, £1.7m in 2010
• £1.25 awarded for medical research and Healthy Heart grants,
£1.04m in 2010
• Reserves of £2.3m, compared with £2.8m in 2010
INCOME
Heart Research UK raised £1.75m in 2011 compared with £1.93m in 2010.
Legacy income was, again, at a high level and voluntary income, though not
as high as other years, continued to reflect the general, poor economic
climate, at £517k. The figures were, however, more encouraging at the end
of 2011 than those of 2010 when voluntary income fell by £129k, (19%).
In 2011, voluntary income fell by £28k (5%), showing an improvement in
performance and encouraging signs for 2012.
Increases were seen in donations, Trusts and Foundations, corporate
donations, lifestyle activities, individual income and investment income.
Our trading subsidiary, Heart Research UK Ltd (Trading) showed an
increase of £34k (61%) as a result of support from Alfa Romeo; RBS; NCP;
a Warwick Race Day; sales of jewellery from the Treasure Chest appeal and
Lifestyle activity income.
EXPENDITURE
Expenditure was £284k higher, increasing from £1.7m in 2010 to £1.98m in
2011. The majority of that figure is attributed to grant making. Unlike 2010,
when no award was made, we gave a total of £205k to two Novel and
Emerging Technologies (NET) grants. The actual grant total awarded in
2011 was over £1.25m which achieved our strategy target of £1m for the
fifth year running.
During 2011, we held tight control on expenditure but there are some
one-off costs that led to increases. Specifically, general marketing and
awareness costs included the cost of the first HRUK TV advertising
campaign. Governance costs increased to £8.5k due mainly to Trademark
and other legal costs. Administration and staff costs were about the same
as in 2010 and fundraising costs reduced by £13k. Expenditure on lifestyle
activities, the website and the production and distribution of Pulse also
went down.
a healthy lifestyle to prevent heart disease. What we do at HRUK is
guided by these facts, our aims and objectives and public benefit.
We consider that our performance and achievements, highlighted in this
report, in funding pioneering medical research and Healthy Heart
initiatives, clearly demonstrate benefit to the current and future
wellbeing and good health of the general public. The full impact of these
benefits may not be known for some years, but the furtherance of
scientific knowledge and clinical practice is ongoing and of current value.
In 2012, we will concentrate on our key strategic aims of making the best
of all our resources; developing a grants programme that gives us the
greatest impact for patients, researchers and science; stepping up our
fundraising activity to support our charitable activities and raising
awareness of our work to ensuring our continued financial security.
Heart Research UK is not the largest heart charity but it has a special
niche in the fight against heart disease. We are very proud that our
innovative work has helped hearts across the country and fulfilled our
founder, David Watson’s aim of making surgery safer; given researchers
the resources they need to bring pioneering, improved treatments and
procedures; started young researchers on their first steps on the
research ladder and brought the Healthy Heart message to communities,
schools and workplaces in all corners of the UK. We celebrate our 45th
anniversary in 2012 and look forward to, once again, funding at least £1m
on high quality medical research and helping people live healthier,
happier, longer lives.
Richard Hemsley, Chairman of the Board of Trustees
INVESTMENTS
The investment policy is to achieve a balanced return from income and
capital growth with a medium risk profile on the investment portfolio.
The market value of the portfolio (current and long term), as at
31 December 2011, was £3,512,295 (£3,415,202 in 2010). Given the
importance of the market value of investments to the reserves of the
Charity, the portfolio was closely monitored and benchmarked by the
Trustees, through the investment committee.
The other assets of the Charity, amounting to £1,705,619 as at 31 December
2011, were held mainly as bank and deposit balances to provide sufficient
liquidity for the settlement of grant commitments.
RESERVES
The reserves at the end of 2011 were £2,323,644, compared to £2,785,512,
a decrease of £461,868 but still above the levels of 2009. This decrease is
mainly due to medical grants awarded and Subway grants and unrealised
losses on the portfolio.
MEDICAL RESEARCH HIGHLIGHTS
• Aim of “funding sustained annual grant making of £1m” achieved
for the 5th year running
• £1.06m awarded to medical research, £861m in 2010
• 14 awards, compared to 10 in 2010
• Grants ranged between £1,294 - £200k
• 44 projects in 23 locations across the UK
• £77,817 to 3 grants given at the Trustees discretion
• Three Research Training Fellowships (RTF) totalling £289k
• 6 Translational Research Project (TRP) Grants, totalling £478k
• Two Novel & Emerging Technology Grants (NET), totalling £206k
Target Actual Target
2011 £ 2011 £ 2012 £
Medical grants 1,000,000 1,061,547 1,000,000
Healthy Heart Grants 190,000 185,140 190,000
TOTAL £1,190,000 £1,246,687 £1,190,000
HEART RESEARCH UK TRUSTEES’ REPORT AND FINANCIAL STATEMENTS 2011

Heart Research UK (HRUK) identifies and funds some highly-regarded
pioneering medical research in the field of heart disease in the UK. Our
rigorous, gold-standard scientific review process ensures that we only fund
the best research projects in hospitals, universities and centres of
excellence across the UK. The Board of Trustees awards grants based on
the recommendations of the appropriate Medical Review Panel, made up
of world-class scientists and clinicians. The deliberations of the panels are
aided by further opinions from national and international experts in the
field. HRUK is a member of the Association of Medical Research Charities
and our medical research strategy, peer review and terms and conditions
conform to their recommendations.
In 2011, the Charity continued to offer £200k for the established NET Grant
scheme, as well as two RTF awards, each of £150k, and TRP Grants, with a
maximum grant of £150k each.
There were 17 applications for the RTFs; 14 for the TRP Grants and 19 for
the NET Grant. Applications for medical grants made outside of the normal
Medical Review Panel (MRP) procedure, considered of such importance to
HRUK’s aims and objectives to warrant funding, are reported to the Board
of Trustees which passes the applications to the Medical Liaison
sub-committee for a process that includes external peer review as well as
consideration by the sub-committee and internal review from individuals on
the MRPs. This procedure fulfils a need to deal with ad hoc requests, which
can be received at any time. During the year, the Trustees awarded three
such grants: to continue supporting the development and improvement
of LVADs, £40,000 was awarded for the purchase of an LVAD for
implantation, in Oxford and £1,294 for costs incurred for testing tissue
samples following an LVAD implant, in London and £36,523 to extend an
important clinical trial at the University of Aberdeen to test whether
stopping clopidogrel treatment is linked with increased risk of blood clots
and heart attack.
Medical grants usually last up to three years, during which time the
researcher is required to submit annual progress reports which are
reviewed by the relevant MRP. The MRP assesses the final reports from all
our researchers when projects are completed and the outcome is reported
to the Board of Trustees. Grants awarded are usually drawn down on a
quarterly basis upon receipt of an invoice from the institution where the
research is being performed and receiving the required reports.
Researchers are required to give details of the dissemination of their
research and to keep the Charity informed of any intellectual property
matters which could lead to opportunities for commercial exploitation.
Following their research and findings, the researchers submit their work for
publication in journals such as "Nature", "The British Medical Journal",
“Circulation” and "Lancet". Their work may also lead to them presenting
their findings at conferences internationally as well as in the UK.
The medical grants given in 2011 fulfilled the objective set out in the
medical research strategy of providing funding for projects for translational
research ie ‘bench to bed to bench’ research to benefit patients and on
professional training and the gaining of skills and expertise. We consider it
very important that we are able to demonstrate the medical progress being
made to all our supporters and those interested in the work of the charity.
In the future, there will be greater focus on both the clinical impact of the
grants and also the resulting scientific advancement in the field.
The MRP was especially pleased with the standard of applications and,
within the budget allocated, were able to fund three Research Training
Fellowships, two medical and one surgical; one more than last year. This
grant scheme offers high-calibre and talented clinicians the opportunity to
undertake research training in the area of cardiovascular disease, ensuring
high quality research both now and in the future. Mr John Wild from
the University of Leicester, Dr Alexander Basran from the University of
Sheffield and Dr Lisa Crowley from Royal Derby Hospitals were the
recipients of these awards.
The number of high-quality applications received in 2011 for the established
NET Grant more than doubled. Recipients of these awards were Dr Thomas
Johnson and Mr Gavin Murphy both from the Bristol Heart Institute. In 2011,
five Translational Research Grants were awarded totalling £47k.
Encouraging young researchers to continue their first steps into medical
research is important to HRUK. In 2011, we did this through the unique
Leeds University Research Enterprise (LURE) Scholarships that nurture
undergraduate medical students with research ambitions to become
academic clinicians. These LURE students develop valuable skills for their
future clinical posts, attend conferences, produce posters and submit
articles for publications. They also develop mentoring, leadership and
enterprise skills by participation in University and charitable events.
In 2011, HRUK reviewed its medical grant strategy and, as a result, it was
decided, from 2012, to continue with the NET and Translational Research
Grant programmes but discontinue the two Research Training Fellowships.
After identifying areas where improvement in the treatment of people with
heart disease is needed, two new funding streams were added. One for two
Master Classes in specific topics to be determined each year and the other
to provide funding to research and establish a rehabilitation programme for
children with congenital heart problems and also for those recovering from
heart surgery.
Work on finding the best way of measuring the impact of our medical
research projects to assist with our future grants programme and strategy
will continue in 2012.
HEALTHY HEART ACTIVITIES HIGHLIGHTS
• 20 Healthy Heart Grants (HHG), compared to 18 in 2010
• A record 448 applications
• Healthy Heart Grant total £185k
• 3 companies took Healthy Heart Mark (HHM)
• 34 companies had Healthy Heart workshops and checks
• Over 980 healthy heart checks
• £16k income from workplace initiatives, compared to £14k in 2010
• £9k awarded to HRUK to carry out community project
Despite all the information about healthy eating, being active and not
smoking, unhealthy lifestyles and obesity and their direct link to
cardiovascular disease continue to generate concern in the UK. HRUK’s
Healthy Heart Grants; schools talks; health fairs; workplace initiatives,
including the Healthy Heart Mark; website pages and literature fulfil our
objective of ‘providing help and rehabilitation for those with, or vulnerable
to, heart disease.’ Rather than giving general healthy living advice, our
Healthy Heart activities give dedicated heart advice and information that
impacts on all ages; diverse communities; public and private workplaces
and the general public. Working in partnership has also enabled HRUK to
benefit from the expertise of other charities and voluntary organisations
in the promotion of our Healthy Heart message.
HHGs, worth between £3k to £10k, were given to community groups
ranging from informative Healthy Heart radio programmes for blind and
partially-sighted people across the UK to tackling obesity amongst ‘hard to
reach’ 18-35 year-olds in Liverpool to the development of a game to learn
how to look after the heart. The average grant was £9k. These grants are
aimed at groups that have been identified as high risk for heart disease in
order to benefit from a project aimed at helping them to live healthier heart
lifestyles. This is a popular grant programme and during 2011 received a
record number of applications.
The Healthy Heart Mark, our recognised programme for companies, helps
them to meet their corporate social responsibilities to employees. In 2011,
over 1,200 employees, 300 more than last year, in 31 organisations, across
the country, benefitted from Healthy Heart activities – individual Healthy
Heart checks; specialist sessions and talks. Members of the public have
also experienced our ‘Beat on the Street’ as part of Treasure your Heart
weeks.
During 2011, almost 72,000 children heard the Healthy Heart message
either in school or through a HHG project and over 3,000 school leaflets
were distributed across the UK. The number of Brownies completing their
Healthy Heart badge across the country rose significantly, with over 2,430
Brownies in 113 packs, compared to 1,000 in 44 packs in 2010.
HRUK’s Healthy Heart lifestyle leaflets on: the heart and blood pressure;
fats; exercise; healthy eating; cholesterol; women; stress; smoking and a
leaflet for South Asians, have been widely distributed.
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS 2011 HEART RESEARCH UK 3

RAISING AWARENESS OF HRUK
HIGHLIGHTS
WEBSITE
• New website launched
• The average number of visitor sessions per day was 90 in 2011
• The total number of unique visits in 2011 was 32,998
• In 2011 over 60% of visits to the site were new visits
SOCIAL MEDIA
• 750 followers on Twitter, over double last year
• Over 600 people ‘liked’ our Facebook pages by the end of 2011
• Over 44,000 copies of Pulse produced
• 28,000 Pulse sent out with Spring & Autumn mailings
• 4000 calendars to solicitors
MEDIA
• 17 press releases a month receive an average of 75 pieces of
coverage
• 452 articles in 221 different outlets
• First-ever television advert
In 2011, HRUK launched a new website. This updated site is clearer; easier
to use; more attractive and has increased interest and enquiries. It is still
the main gateway for information about grants and, now, with the ability to
donate on line as well as apply for events, has helped potential fundraisers,
medical researchers and community groups looking for funding to interact
with HRUK quicker and more efficiently. The top three pages were HHGs,
Subway HHGs and the Yorkshire Three Peaks Challenge. The most popular
downloads were HHG, Subway HHG application packs, Medical Grant
application packs, Healthy Heart leaflets and Pulse.
We continue to use social media more, especially with Twitter and
Facebook, to promote events and supporter’s views and stories. Our
Zumbathon video was also seen on YouTube. Pulse, which is sent out twice
a year with our two annual appeals, has grown to 32 pages and is sent to
supporters, researchers, hospitals, rehabilitation centres, companies and
health-related public bodies.
Building better relationships with our supporters, partners and the media,
has enabled us to communicate case studies and stories to newspapers, TV
and radio which has seen significantly increased coverage compared to
2010. National coverage has been in the Daily Mirror, The Metro, My Weekly,
The Independent, The Irish Independent, Daily Express, Daily Mail,
The Guardian, The Times and The Times Educational Supplement,
Daily Star and Cardiology News as well as appearances on BBC Radio
Leeds, BBC Radio Scotland, Sussex, West Midlands, Leicester, Sheffield and
Real Radio, BBC Radio 2, Radio 4 and Radio 5 Live.
Two very valuable sources of awareness-raising helped the Charity in 2011.
The innovative and eye-catching ‘flash mob’ and Sing for your Heart
performances of the One for All Choir, from Humberside, for HRUK have
been seen on YouTube and in local press and the Insight Radio Healthy
Heart series of programmes have been promoted on their website and in
tweets.
The media were very interested in the findings of one of our medical
research grants at the University of Reading. This research, into blood
clotting and regulating cholesterol, appeared in 46 national and regional
newspapers and on 109 websites in March.
During April 2011, to raise awareness of the history and activities of Heart
Research UK, our first-ever television advertisement was aired on Yorkshire
TV at a cost of £19.5k. An appeal for donations was included but this
method of raising money was not considered successful.
Using our database for targeting and better relationship management,
we send communications tailored to donors, grantees and supporters’
individual needs. We have emphasised our Yorkshire roots and other key
messages to give maximum impact to our campaigns, advertising, leaflets
and strategy. Regular training on use of the database, record management
and regular cleansing keeps the information we hold up to date and helps
us conform to data protection rules. Opt-out or opt-in opportunities are
given on written communications and we do not share our data with other
organisations.
During 2011, the emphasis on using social media and the new website has
raised our profile and has paved the way for our 45th anniversary in 2012.
MEDICAL TECHNOLOGY GROUP
Our National Director, Barbara Harpham, continued to generate interest
in HRUK through her Chairmanship of the Medical Technology Group, a
coalition of patients groups, research organisations, medical device
manufacturers and clinicians set up to promote the uptake of medical
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technology. It is seen as an expert group, is often asked for comment by
national media and specialist publications, runs campaigns on specific
topics and regularly engages with Parliamentarians, the NHS and clinicians.
This role has brought recognition and kudos to the work of HRUK,
especially with medical devices.
PARTNERSHIP HIGHLIGHTS
• The Subway chain raised £102k
• 9 projects in locations across the UK
• 3 new NCP Healthy Heart car park floors
• Beaverbrooks sponsor 100,000 printed Treasure Chest envelopes
• Damart raised £4,800 and continues its Healthy Heart
Mark award
• Alpha Romeo raised £10k from Olympian campaign
• RBS Three Peaks Walk success
• Chelsea Flower Show Garden
HRUK has a policy of not endorsing products but the Charity does give
support to initiatives that increase national awareness and profile and
promote heart health. Before any partnership is considered, the protocol
for partnerships is followed to assess the feasibility, risks and compatibility
with HRUK objectives and suitability to minimise any detrimental effect to
our reputation or fundraising potential. Streamlining of the partnership
process and the implementation of robust risk assessment ensure that only
suitable and best value partnerships for the Charity are implemented.
Agreements are only entered into after in-depth negotiations to make sure
both parties’ aims are compatible, complementary and there is true mutual
benefit. This ensures transparency and integrity in the partnership.
The partnership with the Subway chain is the largest in HRUK’s history,
supporting consumers’ choice of a healthier alternative in their stores, and
enters its fourth year in 2011. This well-crafted partnership ensures
transparency and integrity as monies are raised by the Subway chain staff
and spent on promoting heart health through local community Healthy
Heart Grants. By the end of 2011, Subway/HRUK HHGs, projects were
being funded in Swindon, Bedfordshire, Plymouth, Rotherham, Ayr, London,
Oxford, Brighton and Cardiff. Our partnership with NCP continued with
Healthy Heart floors in car parks, primarily, to promote a healthy lifestyle,
with floor and stairwells featuring Healthy Heart advice and to raise
awareness of HRUK’s work, in Walsall, Manchester and Stratford-upon-Avon.
The fundraising potential has been realised through the sale of donated
parking spaces and competitions for season tickets. This source of income
will continue into 2012 and the partnership developed to include more car
parks in the UK as well as working with NCP as a company.
Beaverbrooks the Jewellers has supported HRUK for a number of years but
in 2011 they reaffirmed their support of our Treasure Chest collections by
supporting a campaign to reach £500k income in three years. To achieve
this, the company has encouraged its staff to support the campaign,
provided gift vouchers for events, sponsoring both the general and
children’s jewellery collection envelope, distributed across the UK and
advertised their stores as designated collection points for envelopes
nationwide.
For four years, Damart has featured a Love Your Heart tee-shirt in their
catalogue. It has been modelled by Katy Hill, to raise money for HRUK as
well as to encourage fundraising amongst their staff. In 2011, it greatly
increased its support with teams in the Great North Run and the Yorkshire
Three Peaks Challenge.
A new and continuing partnership with Alfa Romeo and Fiat began in 2011.
In its ‘Without heart we would be mere machines’ campaign with four
British athletes posing alongside an Alfa Mito Sprint car, £100 was donated
for every red Alfa Mito sold in August 2011.
This raised £10k and gained a lot of national media coverage.
HEART RESEARCH UK TRUSTEES’ REPORT AND FINANCIAL STATEMENTS 2011

For the first time, Heart Research UK, was featured in a healthy heart
garden at the Chelsea Flower Show sponsored by Bradstone, the
landscaping products company, and the Chris Beardshaw Mentoring
Scholarship (CBMS). The inspiration for this new partnership was a unique
two-part heart-shaped sculpture featured in the ‘Bradstone Fusion Garden’.
Smooth Radio in Birmingham was also very helpful in promoting HRUK in
the Midlands and its work by taking part in campaigns to raise money and
awareness. RBS commissioned their first Three Peaks Walk, run by Heart
Research UK, and the Charity was the recipient of money generated at
their Annual Conference; Bonhams the Auctioneers helped the Charity
exceed its 2011 target for the Treasure Chest Appeal; Sovereign Health Care
continued to offer heart checks to potential members and Caravanguard in
Halifax have donated over £2k for the third year running. Our thanks go to
all these organisations and many others for their support.
TRANSPLANT GAMES
A major milestone in the Charity’s history in the late 1970s was the funding
of 6 of the first 8 successful heart transplants with Sir Terence English at
Papworth Hospital. As we were there at the beginning, we feel that we
should help heart recipients make the most of their gift of life by keeping
heart healthy and, therefore, have supported the games for over 10 years.
In 2011, the games were held in Belfast where we sponsored the volunteer
team and helped with the costs of staging the event. Also, the Charity
helped two athletes attend the World Transplant Games.
MIDLANDS OFFICE
HRUK’s first, and only, regional office in Birmingham, has had a challenging
year and continues to be an important part of HRUK’s organisation.
Awareness of HRUK has increased with more individuals and companies
supporting the office’s fundraising activities as well as providing office
support. The Midlands area is a particular target for the Charity because
of a high incidence of heart disease; the diverse communities; a history of
projects at universities and hospitals in the area and the potential for
growth.
In spite of the economic climate, income is at 2010 levels and new
opportunities have been exploited to give new sources of sustained income.
The number of volunteers has grown; covering up to 34 hours a week and
the office has a sustainable, comprehensive programme of events with
more on the horizon.
HRUK in the Midlands is responsible for applications to Trusts and
Charitable Foundations and has a growing number of important
partnerships including NCP, Warwick Racecourse, local Waitrose stores,
Deutsche Bank, C3, Smooth Radio, LloydsTSB, Premier Planning, Trafalgars
Accountants and Team UKi and is the first chosen charity for Pacific
Nurseries near Lichfield. The office received donations in memory and
benefited from the Birmingham half marathon for the first time in 2011.
It more than doubled the income from Christmas activities and continued
to receive income from the Nick Bill Memorial Fund.
HOW WE RAISED MONEY
The results of our fundraising activities continued to reflect the general
down turn in UK charities’ income, in particular from companies and events
but were better than the previous year.
HIGHLIGHTS
• £1.06m from Legacies, compared with £1.23m in 2010
• Subway stores income up 19%
• Treasure Chest income up by 60%
• New high of £16k from Healthy Heart Mark and checks
• Gifts in kind up by 8%
• Direct Debits and Standing orders up by 13%
• Record income from the Great North Run and Great Yorkshire
Bike Ride
• Events organised by individuals up by 28%
LEGACIES
In 2011, Heart Research UK received £1.06m (£1.23m in 2010). A list of
legacies received is on page 9.
DONATIONS AND GRANTS
Income from individuals showed signs of recovery with appeals and
donations in memory rising and regular giving through direct debit and
standing orders growing by 13% to nearly £41k. Payroll giving reversed the
trend of the last few years with a 3% increase on last year. Grants from
Charitable Trusts and Foundations, continuing to reflect the economic
climate and the effects of the stock market, were very slightly up on 2010.
Income from Subway stores, in its third year, reached a record £102k and,
with plans to expand the promotion of heart health and raise more income
in store in place, looks to achieve the £90k target in 2012.
EVENTS
Income from our 35 Great North Run runners was an all-time high in 2011
due mainly to the Charity securing 10 extra places and the efforts of the
Damart team. We ran two Three Peaks Walks in 2011, one for Heart
Research UK and one on behalf of the Royal Bank of Scotland raising over
£60k. The numbers in the Charity’s 15th walk were down, reflecting the
economic situation but the average amount raised by the runners remained
the same as the previous year. The number of Sing for your Heart events
doubled in 2011 and raised £10,553. There was a major recovery in the
number of events organised by individuals to benefit HRUK and the amount
raised increased 28% to £47k.
The London Marathon figure was down but, with extra effort and potentially
good income from particular runners, the 2012 figures will show an
improvement.
Our decision to be a partner in events with other organisations to minimise
risk and find alternative sources of income was not as successful as
anticipated and reflects the effects of the recession. A notable exception
was our long-term association with the Great Yorkshire Bike Ride which
raised a record amount for the event and increased the amount it donated
to HRUK by nearly £2,500 to over £19k.
New sources of sustainable income for the Midlands office began to show
results and will continue into 2012 and beyond. The partnership with NCP
raised nearly £9k; a ladies Day at Warwick Races, £8.5k and Christmas
Hampers, £2k, through our trading subsidiary.
TRADING
The Healthy Heart Mark has been a big success and income exceeded its
target by £6k. Profit from the Treasure Chest campaign recovered from a
low in 2010 of £16,355 to exceed the £25k target. Corporate sponsorship
was up including the Alpha Romeo campaign.
THANK YOU
We would like to thank all those charitable trusts and foundations,
companies and individuals who have helped to raise hundreds of thousands
of pounds either directly through cash donations or indirectly by taking
part in fundraising activities. Every pound counts and without their ongoing
support and effort the charity would not be able to continue its
important work.
We would also like to thank all the organisations for their generous support
with gifts in kind: NCP; Premier Planning; C3, Leeds Bradford International
Airport, Jet2.com, The Deep, The Leeds Marriott Hotel, Hello Magazine,
Hallmark, ML Services, J M Pullan & Sons Ltd , Taylors of Harrogate,
Waitrose, Intersnack UK Ltd, Team UKI, Sue Howells, Just Oil Staffordshire,
the Merlin Group and Mrs Darlington’s Jams plus many more across the UK,
especially the 80 organisations that gave to our Family Days Out Appeal.
HOW WE LOOK AFTER OURSELVES
During 2011, the Trustees updated the Charity’s Articles of Association and
these were formally adopted in September 2011 following approval by the
Charity Commission. The review brought the governing document up to
date with charity and company law and current best practice.
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS 2011 HEART RESEARCH UK 5

INVESTMENT POLICY
The Charity has power to invest monies not immediately required to
fulfil its aims and objectives and to cover day-to-day expenses in such
investments as they see fit. The Trustees keep their investment policy
under regular review, delegates its implementation to the investment
sub-committee and appoints investment managers, currently
J M Finn & Co.
The Trustees’ investment objectives continue to be to:
• make investments of medium risk
• generate income from investments
• achieve capital growth
• safeguard the assets and business continuity of the Charity
• comply with the conditions attached to restricted funds
• have sufficient cash deposits to cover working capital
requirements and any restricted reserves
• meet the requirements of the reserves policy and strategy whilst
ensuring they fulfil their fiduciary responsibilities in line with
their powers of investment
Reflecting the objectives of the Charity the Trustees have continued an
ethical policy of not investing directly in tobacco related equities.
MANAGING RISK
The Board of Trustees fully recognises its responsibility for risk
management and there is an Audit sub-committee charged with identifying,
assessing and minimising the major risks, based on the Charity’s exposure
to likely occurrences and their potential impact. Members of the committee
are Trustees, an independent non-Trustee and the senior manager
responsible for Health and Safety and employment matters.
During the year, the Committee has conducted the annual risk assessment,
maintained the risk register and can confirm that the major risks to which
the Charity is exposed continue to be properly identified, reviewed and
evaluated. Appropriate systems continue to be established and maintained
in order to mitigate and manage those risks. The Board considers that the
major risks facing the Society are: maintaining and growing voluntary
income; protecting the Charity’s reputation and competition from other
charities.
RESERVES POLICY
Reserves are the part of the Charity’s income funds that are freely
available and do not include restricted funds or any part of unrestricted
funds not readily available for spending. The Board continues to believe
that it is prudent to maintain resources to cover, as a minimum, 18 months
operating costs. The Board recognises that holding reserves at an
appropriate level also allows the Charity to be seen by its donors,
beneficiaries, employees and other supporters as financially viable, ready
for unforeseeable circumstances, new opportunities and planning for the
long term.
The Trustees review reserve levels every quarter and as part of the
strategic planning process.
INTELLECTUAL PROPERTY RIGHTS REVIEW
To ensure that Heart Research UK’s funding of medical research and any
possible commercial exploitation is recognised, monitored and realised,
the Charity’s medical grant terms and conditions were reviewed. Grantees
were made aware of their responsibilities to keep the Charity informed of
any potential exploitation and enter into legally-binding agreements on
revenue-sharing to safeguard future revenue.
HOW WE WORK
CONSTITUTIONAL STRUCTURE
Heart Research UK was first registered as a Charity in 1967, as the National
Heart Research Fund and was incorporated in 1995 as a company limited by
guarantee, registered under No 3026813 and as a Charity in England and
Wales under no 1044821. It has Working Names of HRUK and Heart
Research.
RELATED COMPANIES
The Charity has one wholly owned subsidiary company, Heart Research UK
Trading Ltd (No 1562684). This company’s results are included in the
Charity’s consolidated accounts.
PUBLIC BENEFIT
The Charity Commission for England and Wales and Scotland’s guidance for
public benefit underpins the Charity’s activities across the UK. Usually,
6
activities to carry out our aims and objectives for the public benefit may
not have immediate effect or be experienced for some years but the
addition to current scientific knowledge and clinical practice is on-going.
A summary of the activities that the Charity provides that are considered
to be for the public benefit is as follows:
• Medical research with fellowships, project grants, scholarships
and travel for dissemination of the research results
• Healthy Heart initiatives including Healthy Heart Grants, Healthy
Heart lifestyle checks, school and adult talks and focused Healthy
Heart weeks in specific areas
• Raising awareness of heart disease and particular conditions and
issues, our medical research and its results
• Partnerships with organisations and companies to promote
heart health
THE BOARD OF TRUSTEES
There were 16 Trustees in 2011. Current Trustees cover a wide range of
experience, including business, expertise in medical research, law,
accounting, marketing and investment management.
No trustee has any financial interest or personal beneficial interests
requiring disclosure in the Charity or in its subsidiary company, Heart
Research UK Trading Limited. Trustees (and some staff) are covered by
Directors and Officers insurance. No trustee receives any remuneration
for his or her services.
There is a formal Trustees meeting every three months, but Trustees are
additionally involved in one or more standing sub-committees, which meet
when necessary, but no less than twice a year, except for the medical
review panels that meet once a year. An attendance record is kept to
ensure regular presence at meetings. Between meetings, news and
information is passed on by the National Director and staff, as necessary,
with interim reports, e-mails, informal meetings and telephone
conversations.
SUB COMMITTEES
Heart Research UK has 10 specialist sub-committees of the Board. The
sub-committees have their own Chairman; delegated powers to discuss
their specific topics and make decisions that are passed to the Board of
Trustees for ratification.
General Purposes Committee
Reviews strategies and policy; the day-to-day running of the Charity and
recommends policy on all matters not covered by other committees
Research Training Fellowship Medical Review Panel
(RTFMRP)
Reviews Research Training Fellowship applications, reports and grant
making process
Translational Research Medical Review Panel (TRMRP)
Reviews Translational Research Grant applications, reports and grant
making process
Novel and Emerging Technologies Medical Review Panel
(NETMRP)
Reviews novel & emerging technologies grant applications, reports and
grant making process
Lifestyle Review Panel (LRP)
Reviews healthy heart grants applications and healthy lifestyle initiatives,
reports and grant making process
Finance Committee
Reviews financial operations and performance against budget
Investment Committee
Formulates investment policy & monitors investments
Audit Committee
Reviews internal financial administration, risk assessment and internal
controls, procedures and accounting policies
Personnel Committee
Reviews personnel procedures and policies and salaries
Medical Liaison Committee
Decides research strategy, policies, procedures and medical grant
giving programmes
CONFLICT OF INTEREST POLICY
The Charity has a conflict of interest policy applicable to all Trustees,
members of Trustee sub-committees and staff. This policy aims to protect
both the organisation and the individuals involved from any appearance of
impropriety. All Trustees, members of Trustee sub-committees and staff
are asked to declare their interests and any gifts or hospitality received in
connection with their role in HRUK. A declaration form is provided listing
the types of interest to declare. This declaration is updated annually; at
HEART RESEARCH UK TRUSTEES’ REPORT AND FINANCIAL STATEMENTS 2011

meetings where the conflict of interest arises and when changes occur.
Interests and gifts are recorded on the Charity’s register of interests
maintained by the Charity Secretary. The register can be accessed by all
Trustees and senior staff.
DECISION MAKING
Having approved the annual budget, which reflects the strategy, the Board
of Trustees delegates day-to-day management of the Charity to the
National Director. This is monitored by the various sub-committees which
all act under delegated terms of reference and report regularly to the
Board of Trustees. A decision-making protocol is in place.
MANAGEMENT OF THE CHARITY
The day-to-day management of the Charity and implementation of the
strategy are delegated to the National Director, supported by an Assistant
Director and a senior management team who lead the Lifestyle, Finance,
Fundraising and Communications departments. The Charity’s Treasurer
is the Company Secretary, appointed by the Board of Trustees.
Grant making is a direct responsibility of the National Director with the day
to day work undertaken by the senior research officer. All senior managers
give regular reports to the National Director and department reports are
given at every Trustees meeting.
PRESIDENT, PATRONS AND VICE-PRESIDENTS
We are proud and honoured to have the founder of Heart Research UK,
Mr David Watson as the Charity’s President. Mr Watson has given over 44
years’ service to the Charity and continues to be a strong supporter of the
Board of Trustees and the Charity’s work. His enthusiasm and commitment
have been invaluable and he continues to take an active interest in medical
grant making and representing the Charity at events. The Charity was
delighted when Mr Watson was awarded an MBE in the 2012 New Year’s
Honours List.
We have five Patrons and one Vice President who have been able
ambassadors for HRUK, helping with fundraising, events and raising
awareness.
A special highlight of our year was when pupils from Archbishop of York’s
Primary School sang to the Archbishop of York at a Christmas event at the
Bishopthorpe Palace during Sing for your Heart week.
STAFF AND VOLUNTEERS
The average number of staff employed during the year was 15 (16 in 2010).
The committee also maintains an overview of staffing levels, remuneration
and job roles across the Charity. The Trustees are pleased to pay tribute to
the dedication of the Charity’s staff and their thanks to the increasing
number of volunteers who undertake a wide range of voluntary work on
behalf of the Charity and provide the equivalent of 19 working days each
week. Without the dedication of these volunteers it would not be possible to
maintain our high standards of work; efficiency and productivity.
INDUCTION AND TRAINING
All Trustees, staff and volunteers take part in an induction procedure
which includes a one-to-one interview and supplying the information
necessary for them to enrich the work of the Charity. Before becoming
a Trustee, potential Board members are asked to become a subcommittee
member to gain experience with the Charity and to attend
Trustees meetings. Induction packs are available, giving detailed
information, handbooks, policies and other information required to
carry out their duties.
Additionally, individual Trustees, staff and volunteers may undertake
specific training (internal or external) in a particular aspect of
Trusteeship or the skills and duties needed in their work with the
Charity such as seminars, conferences, updates from the Charity
Commission and attending training workshops.
DIVERSITY
The Charity continues to strive to ensure equal opportunities and
diversity in all aspects of employment and our charitable activities.
This includes equal opportunities policies in employment and
recruitment for all suitably qualified people and volunteers as
well as open and transparent grant making policies and objectives.
PLANS FOR THE FUTURE
Heart Research UK has adopted a three-year strategy covering the period
2012 – 2014 with the ultimate aim: “To be recognised as pioneers in the
fight against heart disease”. To achieve this, HRUK is striving to:
• decrease our dependency on legacies by increasing sustainable
voluntary giving
• fund £1m of credible, high impact, cutting-edge medical research
into CVD and encourage the experts of tomorrow
• increase the number of people living healthy lifestyles
• raise awareness of the work of Heart Research UK
• be as efficient and cost-effective as possible
The strategy reflects our ambitions to fund pioneering medical research
that will have a lasting effect; spread the Healthy Heart message and to
encourage individual, trust and corporate giving by making our activities
more widely-known. Importantly, it also takes into consideration the
expected economic climate over the next three years, consolidates our
successes and will make the most of the opportunities that presented
themselves in the next three years.
In 2011, Heart Research UK won a competition with a prize of a free event
for 200 guests run by a local Leeds catering and events company, CGC.
This extremely successful event took place on 3 March 2012 and raised
over £12k.
AUDITORS
The auditors Thomas Coombs & Son will be proposed for re-appointment
at the forthcoming Annual General Meeting.
Approved by the Board of Trustees on 13 June 2012 and signed on
its behalf by:
Richard Hemsley,
Chairman of the Board of Trustees
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS 2011 HEART RESEARCH UK 7

8
HEART RESEARCH UK
CONSOLIDATED SUMMARY FINANCIAL INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2011
2011 2010
INCOMING RESOURCES
Donations and grants 237,487 264,861
Sponsored events and trading income 280,020 281,015
Legacies 1,055,089 1,233,017
Investment income 172,861 152,770
Total Incoming Resources
RESOURCES EXPENDED
1,745,457 1,931,663
Costs of generating funds 384,427 354,391
Charitable activities 1,533,555 1,281,981
Governance costs 61,215 60,532
Total Resources Expended 1,979,197 1,696,904
NET (OUTGOING) INCOMING RESOURCES (233,740) 234,759
OTHER RECOGNISED GAINS & LOSSES
Gains (losses) on investments
Realised (14,602) 56,880
Unrealised (213,526) 258,916
NET MOVEMENT IN FUNDS
Balances brought forward
(461,868) 550,555
at 1 January 2011 2,785,512 2,234,957
Balances carried forward
at 31 December 2011 2,323,644 2,785,512
CONSOLIDATED BALANCE SHEET AT 31 DECEMBER 2011
FIXED ASSETS
Tangible fixed assets 13,569 20,644
Investments 2,776,596 3,415,202
2,790,165 3,435,846
CURRENT ASSETS
Debtors 137,594 113,304
Investments 735,699 -
Deposits and cash at bank and in hand 1,554,456 2,126,337
LIABILITIES
2,427,749 2,239,641
Amounts falling due within one year (2,094,308) (1,905,416)
NET CURRENT ASSETS 333,441 334,225
TOTAL ASSETS LESS
CURRENT LIABILITIES 3,123,606 3,770,071
LIABILITIES
Amounts falling due after more than one year (799,962) (984,559)
NET ASSETS 2,323,644 2,785,512
FUNDS
Unrestricted - general 2,197,838 2,659,381
Restricted 125,806 126,131
2,323,644 2,785,512
TRUSTEES’ STATEMENT
The summarised financial statements above have been
extracted from the full statutory financial statements,
which were approved on 13 June 2012 and which have been
submitted to the Charity Commission and Registrar of
Companies.
The full statutory financial statements have been audited
and received an unqualified report from the auditors,
Thomas Coombs & Son, who have also confirmed to the
Trustees that the summarised financial statements are
consistent with the full statutory financial statements.
These summarised financial statements may not contain
sufficient information to allow for a full understanding of
the financial affairs of the Charity. For further information,
the annual financial statements, the auditors' report on
those financial statements and the Trustees annual report
should be consulted. A copy of the full financial statements,
together with the Trustee's and auditors' report thereon,
can be obtained from the registered office:
Suite 12D, Joseph's Well, Leeds LS3 1AB.
Signed on behalf of the Trustees by R Hemsley
Date: 13 June 2012
INDEPENDENT AUDITORS’
REPORT TO THE MEMBERS OF
HEART RESEARCH UK
RESPECTIVE RESPONSIBILITIES OF
TRUSTEES AND THE AUDITOR
We have examined the summarised financial statements for
the year ended 31st December 2011.
The Trustees are responsible for preparing the summarised
financial statements in accordance with applicable United
Kingdom law and the recommendations of the charities
SORP.
Our responsibility is to report to you our opinion on the
consistency of the summarised financial statements with the
full financial statements and Trustees’ Annual Report.
We also read the other information contained in the
summarised annual report and consider the implications for
our report if we become aware of any apparent
misstatements or material inconsistencies with the
summarised financial statements.
BASIS OF OPINION
We conducted our work in accordance with Bulletin 2008/3
issued by the Auditing Practices Board.
OPINION
In our opinion the summarised financial statements are
consistent with the full annual financial statements and
Trustees Annual Report of Heart Research UK for the year
ended 31 December 2011.
Christopher Darwin ACA (Senior Statutory
Auditor)
For and on behalf of Thomas Coombs & Son
Chartered Accountants and Statutory Auditor
Century House, 29 Clarendon Road, Leeds LS2 9PG
Date: 13 June 2012
HEART RESEARCH UK TRUSTEES’ REPORT AND FINANCIAL STATEMENTS 2011

Marie ABRAM
Lilian Alice BARNES
Martin Cockbain BELL
Mary Elizabeth BENSON
Eric Malcolm BLAND
Barbara BOTHAM
Ronald Frederick BRAY
Joyce Evelyn CARTWRIGHT
Vernon Thomas BUNTON
Maria BURPRICH
Sylvia Ann CARTER
Nancy CATHERALL
Margaret Dorothy May CHAMBERLAIN
Betty Audrey Maud CLEGHORN
Christine Elizabeth COLEMAN
Olive COOPER
Agnes CROPPER
Thelma DAGLISH
Betty DALTON
Ronald DANIELS
Molly Wilson DARBYSHIRE
Elwyn DAVIES
Eunice DAVIES
John DEWAR
Kenneth DWYER
Betty EVANS
Evelyn EVANS
Jocelyn EXLEY
Vicky FIRKINS
Anne Josephine FLANAGAN
HEART RESEARCH UK
THE VITAL CONTRIBUTION OF LEGACIES,
TRUSTS & FOUNDATIONS
The importance of legacies to our overall fundraising efforts cannot be underestimated. We at Heart
Research UK would like to remember those kind enough to have remembered us in their Will.
Mary Esther FLYNN
Kathleen FREEMAN
Peter Francis GILDEA
Frank HAIGH
Irene Elizabeth HALLIWELL
Derek James HARBERT
Joseph HARDCASTLE
Ivy Adelaide HARLING
Stanley HARTLAND
Harry HAWKINS
Barbara HEATHCOTT-WOOD
Rachel Brown HIGGS
Jeanne Lesley HODGSON
Leslie HOOD
Eric Ian HORROCKS
Irene HOYLE
Arthur Richard HUNT
Florence Marie JACKSON
Gordon KEAL
William Davey KELLAND
Peter Knox KENDALL
Muriel Joyce LOVATT
Cissie LOWIS
Joseph MARLOW
Wilfred MCQUEEN
Annie MORRIS
Cecilia Agnes MULLER
Mary NAYLOR
Madalene Amelia NEAL
Marion Maud PARK
Mary Gertrude PARKINSON
Annie PENNOCK
Arvids PIECIS
Winifred Mary POPLE
Flora Margery POWDRILL
Eli Gordon PROCTOR
Ethel Mary PURCELL
Barry A RICHARDSON
Valerie Florence Ellen ROBBINS
William Idris ROBERTS
Dorothy ROBERTSON
Enid Elsie ROBINSON
Marion Orr ROSS
Ethel SHARRAD
Geoffrey William SLACK
Robert SMITH
Glyndwr SULWAY
Robert Hamilton Ritchie SWAN
Joan May Bush TAYLOR
Catherine THOMAS
Alexander Ronald TRUEMAN
Nicholas George TUSTIN
Gertrude May WARD
Dennis Ronald WARE
Andrew WATSON
Janet Elizabeth WATSON
Vera Joan WEBB
Leslie Walter WILD
Dorothy YORK
Iris YOUNG
We wish to acknowledge our gratitude to the following Trusts and Foundations for their generosity in
supporting Heart Research UK during 2011:
The Edwin George Robinson
Charitable Trust
The Denman Charitable Trust
The Provincial Grand Lodge of
Warwickshire
The Sovereign Health Care
Charitable Trust
The Wilmcote Charitrust
The Leeds Community
Foundation Jimbo’s Fund
The Coutts Charitable Trust
The Chapman Charitable Trust
The Sylvia Aitkin Charitable Trust
Inman Charity Trustees Limited
The Gurney Charitable Trust
The C A Rookes Charitable Trust
The K & J Mindelsohn Trust
The R B Gray Charitable Trust
The Ardwick Trust
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS 2011 HEART RESEARCH UK 9

10
HEART RESEARCH UK
MEDICAL RESEARCH GRANTS AWARDED IN 2011
ABERDEEN
UNIVERSITY OF ABERDEEN
Miss Julie Brittenden Clinical £36,523
Is cessation of clopidogrel therapy associated with rebound of
platetlet activity in stable vascular disease patients?
BELFAST
QUEEN’S UNIVERSITY BELFAST
Dr Jane McEneny Translational Research Grant £85,930
Do serum amyloid-A and high density lipoprotein functionality
correlate with cardiac CT assessment of atherosclerosis?
BRISTOL
BRISTOL HEART INSTITUTE
Dr Thomas Johnson NET Grant £89,427
The evaluation and advancement of invasive coronary optical
coherence tomography for plaque characterisation
UNIVERSITY OF BRISTOL
Dr Gavin Murphy NET Grant £116,218
The effect of periadventitial injection of naked plasmid DNA
encoding human hepatocyte growth factor on the progression
of vein graft disease
DERBY
ROYAL DERBY HOSPITAL
Dr Lisa Crowley Research Training Fellowship £93,328
Manipulation of plasma tonicity to reduce inter-dialytic weight
gain and dialysis induced recurrent cardiac injury
GLASGOW
GLASGOW CALEDONIAN UNIVERSITY
Prof Annette Graham Translational Research Grant £90,407
An exploration of the anti-atherogenic potential of compounds
targeting mitochondrial cholesterol translocator protein (TSPO)
and the cholesterol efflux pathway
UNIVERSITY OF GLASGOW
Dr George Baillie Translational Research Grant £142,586
Development of small molecules that induce the
cardio-protective effects of HSP20
HULL
HULL YORK MEDICAL SCHOOL
Prof Khalid Naseem Translational Research Grant (PhD) £74,805
The role of scavenger receptors in platelet hyperactivity
associated with dyslipidaemia
LEEDS
UNIVERSITY OF LEEDS
Dr Vas Ponnambalam Translational Research Grant (PhD) £84,750
Recombinant VEGF-A isoforms as therapeutic agents for
cardiovascular disease
LEICESTER
UNIVERSITY OF LEICESTER
Mr John Wild Research Training Fellowship £49,947
Investigating genetic polymorphisms associated with abdominal
aortic aneurysms
OXFORD
JOHN RADCLIFFE HOSPITAL
Prof S Westaby L-VAD implant £40,000
SHEFFIELD
UNIVERSITY OF SHEFFIELD
Dr Alexander Basran Research Training Fellowship £145,814
Neutrophil delivery of IL-1 as a mechanism of MI risk after lung
infection
SMALL AWARDS AND TRAVEL
GRANTS AWARDED TO
DISSEMINATE FINDINGS £11,812
GRANTS AWARDED IN PREVIOUS
YEARS NO LONGER REQUIRED £(45,676)
TOTAL MEDICAL GRANTS
AWARDED DURING THE YEAR £1,015,871
HEART RESEARCH UK TRUSTEES’ REPORT AND FINANCIAL STATEMENTS 2011

HEART RESEARCH UK
HEALTHY HEART AND SUBWAY HEALTHY HEART GRANTS AWARDED 2011
HEALTHY HEART GRANTS
BIRMINGHAM
Mrs Mandy Collymore - Love Your Heart £9,560
Catch 22 Kings Norton Positive Futures
BIRMINGHAM
Mr James Forrest - Get Heart Active £9,700
Sport 4 Life UK
BRADFORD
Mr Gareth Cook - A Change Of Heart £10,000
Bradford Bulls Foundation
CARDIFF
Mr Simon Jago - Heart Of A Champion £10,000
Techniquest
GLASGOW
Ms Angela Parker - Heart Matters £9,115
Insight Radio
GLOUCESTER
Mr Peter Steel - Heart Beat £8,952
Independence Trust
LIVERPOOL
Miss Kathryn Dunn -
Look After Your Heart, Look After Your Soul £9,760
Everton in the Community
SOUTHAMPTON
Mr David Fakray - Change Of Heart £9,980
Age Concern Southampton
WATFORD
Fabrizio Ferrari - Heart Energy £9,170
Watford & District YMCA
WOLVERHAMPTON
Mrs Susan Andrews - Keep The Beat £3,510
BB Games
WOLVERHAMPTON
Mr Michael O’Hara - Under Attack £10,000
Gazebo Theatre in Education Company Ltd
SUBWAY HEALTHY HEART GRANTS
AYR
Mr David White - The Ayr United Football
Academy Healthy Hearts Project £9,910
Ayr United Football Academy
BRIGHTON
Mr Dan Lawson - Put Your Heart Into It £9,975
Albion in the Community
CARDIFF
Ms Adele Gilmour - Calon Hapus
(Happy Heart - in Welsh) £9,556
Scope
LONDON
Ms Sajda Mughal - Sehathi Dil
(Healthy Heart – in Urdu) £10,000
The JAN Trust
LUTON
Mr Jon Boswell - Grow Your Way To
A Healthy Heart £9,350
Bedfordshire Rural Communities Charity
OXFORD
Mr Chris Lowes - Footie Fitness £9,660
Oxford United Youth and Community Sports Trust
PLYMOUTH
Ms Lisa Lawrence - Young @ Heart £8,543
Honickknowle Commnet Ltd
ROTHERHAM
Mr Leon Wormley - Every Player Counts £9,859
Rotherham United Community Sports Trust
SWINDON
Mr Ram Thiagarajah - Ride The Subway For
A Healthy Heart £8,900
Swindon Tamil Association
GRANTS AWARDED IN PREVIOUS
YEARS NO LONGER REQUIRED £(1,854)
TOTAL HEALTHY HEART GRANTS
AWARDED DURING THE YEAR £183,646
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS 2011 HEART RESEARCH UK 11

PRESIDENT
Mr David Watson FRCS MBE
PATRONS
The Archbishop of York, Dr John Sentamu
Lord Bates of Langbaurgh
Lady Macclesfield
John Bill
Anne Bill
VICE PRESIDENT
Cllr Brian Cleasby
TRUSTEES
Mr Richard Hemsley MA FCA Chairman
Vice-Chairman
Mr Tony Knight
Mr Richard Brown FCA
Dr Catherine Dickinson MA PhD FRCP
Dr David F Dickinson MB ChB DCH FRCP
Mr Fabian Hamilton MP
Mrs Jean Hill BEd FRSA FInstLM MCMI MIoD
Mr Tony Kilner
Mr Keith Loudon FCA MSI
Mrs Christine Mortimer
Mr Tony Oxley MSI
Mr Paul Smith MSI
Mrs Heather Stewart PhD MBA Solicitor
Mrs Joan Villiers
Mr Kevin Watterson MB BS FRACS
Mr Nigel White BA (Hons) Economics
SPECIALIST SUB-COMMITTEE
MEMBERSHIP AS AT 31 DECEMBER 2011
MEDICAL RESEARCH PANELS
RESEARCH TRAINING FELLOWSHIPS MEDICAL
REVIEW PANEL (RTF)
Dr Christopher Newman* Chairman
Dr Andrew Catto*
Dr David Dickinson
Dr Sheila Francis*
Prof Jonathan Gibbins*
Mr Unni Nair*
Mr Andrew Owens*
Dr Azfar Zaman*
NOVEL AND EMERGING TECHNOLOGIES (NET)
Prof A Graham Pockley* Chairman
Prof Leonard Fass*
Prof Eileen Ingham*
Prof Keith Oldroyd*
Prof Alexander Seifalian*
Prof Richard Underwood*
Prof Philip Warner*
HEART RESEARCH UK
LEGAL AND ADMINISTRATIVE INFORMATION
TRANSLATIONAL RESEARCH PROJECTS
MEDICAL REVIEW PANEL (TRP)
Prof Giovanni Mann* Chairman
Prof Khalid Naseem* Vice-Chairman
Dr Helen Arthur*
Mr Peter Braidley*
Prof Kevin Channer*
Dr Anne Graham*
Dr Mark Harbinson*
Dr Simon Howell*
Dr Jamie Jeremy*
Dr Vas Ponnambalam*
Prof Donald Singer*
Prof Peter Taylor*
Dr Stephen Wheatcroft*
LIFESTYLE REVIEW PANEL (LRP)
Mrs Brenda Griffiths* Chairman
Mrs Iris Favell*
Ms Jean Hill
Dr Tony Kidd*
Dr Daryl O’Connor*
Ms Gillian Roche*
Prof Lip Bun Tan*
Mrs Joan Villiers
OTHER COMMITTEES
GENERAL PURPOSES COMMITTEE
Mr Richard Hemsley Chairman
Mr Keith Loudon
Mr Tony Knight
Mrs Heather Stewart
Mr Richard Brown
MEDICAL LIAISON COMMITTEE
Mrs Heather Stewart Chairman
Dr Catherine Dickinson
Prof Giovanni Mann*
Mrs Christine Mortimer
Dr Christopher Newman*
Mr Kevin Watterson
AUDIT COMMITTEE
Mr Tony Kilner Chairman
Ms Rachel Banfield*
Mr Richard Brown
Mr Richard Hemsley
INVESTMENT COMMITTEE
Mr Tony Oxley Chairman
Mr Richard Hemsley
Mr Tony Knight
Mr Paul Smith
PERSONNEL COMMITTEE
Mr Tony Knight Chairman
Mrs Heather Stewart
Mrs Jean Hill
Mr Richard Brown
FINANCE COMMITTEE
Mr Richard Brown Chairman
Mr Richard Hemsley
Mr Tony Kilner
Mr Tony Oxley
Mr Paul Smith
(* Non-trustee)
PRINCIPAL OFFICERS
Miss Barbara Harpham BA (Hons)
National Director
Mrs Denise Armstrong BSc (Hons)
Assistant Director
Mr Michael Clark
Treasurer and Company Secretary
HEAD OFFICE
Suite 12D
Joseph’s Well
Leeds LS3 1AB
Tel: 0113 234 7474
Fax: 0113 297 6208
REGIONAL OFFICE
Lee House
6a Highfield Road
Edgbaston
Birmingham B15 3ED
Tel: 0121 454 1799
INDEPENDENT AUDITORS
Thomas Coombs & Son
Chartered Accountants and
Registered Auditors
Century House
29 Clarendon Road
Leeds LS2 9PG
BANKERS
Barclays Bank Plc
Barclays Business Centre
PO Box 100
Albion Street
Leeds LS1 1PA
STOCKBROKERS AND
INVESTMENT MANAGERS
J M Finn & Co
Kings House
1 King Street
Leeds LS1 2HH
SOLICITORS
Walker Morris
Solicitors
Kings Court
Leeds LS1 2HL
Heart Research UK
Suite 12D, Joseph’s Well, Leeds LS3 1AB
www.heartresearch.org.uk
T 0113 234 7474 F 0113 297 6208 E mail@heartresearch.org.uk
Registered Charity No. 1044821. Registered Office: Suite 12D, Joseph’s Well, Leeds LS3 1AB
Company limited by guarantee No. 3026813. Registered in England