company number - British Cardiovascular Society

COMPANY NUMBER : 3767312CHARITY NUMBER : 1075720BRITISH SOCIETY FOR HEART FAILURE(A COMPANY LIMITED BY GUARANTEE)ANNUAL REPORTYEAR ENDED 31 MAY 2004

BRITISH SOCIETY FOR HEART FAILURE 1(A COMPANY LIMITED BY GUARANTEE)TRUSTEES’ REPORTYEAR ENDED 31 MAY 2004The trustees submit their annual report, including the financial statements, for the year ended 31 May 2004.1. RESULTSA substantial surplus of income over expenditure of £22,037 for the year was accrued, which, inaddition to the reserves carried forward from the previous year of £3141 provide a final balance tocarry forward at 31 May 2004 of £25,178. The trustees consider the financial position of the charity tobe good and consistent with its charitable objects, and will continue to closely monitor the financialsituation. A continuing long-term aim of the trustees is to build up reserves to equate to one-year'soperating costs for the Society, through increasing the number of 'Friends of BSH' and securingincreased sponsorship for the Society's annual scientific conference. This is in addition to gatheringannual membership fees during the year and delegate registration fees for the Annual AutumnMeetings.2. REVIEW OF CHARITY AND FUTURE DEVELOPMENTSThe charity operates with a voluntary management committee/Board of trustees who meet on aquarterly basis. Our main objective is to relieve patients with, or who are at risk of developing, heartfailure mainly through promoting research into heart failure and into prevention, treatment and cures ofsuch complaints, and the dissemination of the results of such research.The charity is an affiliated group of the British Cardiac Society (BCS).At the end of the period, the charity's membership, comprising healthcare professionals with an interestin heart failure stood at 600 subscribed members. This figure increased from around 500 members atthe end of the previous financial period. The introduction of annual membership fees of £25/year fornurses, research fellows, physiotherapists and medical students, and £30/year for all other healthcareprofessionals in 2002 seems to have been successful and is now starting to provide a useful source ofincome for the Society. The membership fee was introduced to help the Society continue and increaseits activities. It was anticipated that there would be a large reduction in membership figures uponintroduction of the fee, but the Board is happy with the proportion of members who have chosen tocommit to the Society and retain their membership despite the introduction of the annual fees.Board of trusteesTrustees who served during the year ended 31 May 2004 were:Chairman:Past-Chairman:Chairman-Elect:Deputy Chairman:Treasurer:Councillor:Councillor:Councillor:Professor Henry Dargie (Glasgow)Dr Michael Davies (Birmingham)Professor John Cleland (Hull)Dr Suzanna Hardman (London)Dr Theresa McDonagh (Glasgow)Mrs Lynda Blue (Glasgow)Professor Martin Cowie (London)Dr Iain Squire (Leicester)The Board of trustees was elected in May 2003 with appointments taking effect from 1 June 2003 and aterm of office until end May 2005.The trustees are not entitled to and did not receive any remuneration during the period.Under the terms of the statutory guarantee the trustees, numbering 8, are deemed to be statutorymembers and as such have given an undertaking to contribute up to £1 each if called upon to do so.

BRITISH SOCIETY FOR HEART FAILURE 2(A COMPANY LIMITED BY GUARANTEE)TRUSTEES’ REPORTYEAR ENDED 31 MAY 2004ObserversThe following four Observers were chosen by the Board in 2003 from nominations from themembership, and were appointed to serve for the period to end May 2005 to represent disciplines withan interest in heart failure not represented by the current Board.• Ahmet Fuat (representing Primary care physicians)• Stephen Westaby (representing Surgeons)• Jackie Taylor (representing Geriatricians)• Lynda Blue (representing Nurses)Scientific symposiaThe charity organised or supported the following scientific symposia during the period, to which allmembers were invited:• 'New approaches to heart failure – the impact of sleep’: 27 June 2003This symposium was held in London and organised by the Royal Society for Medicine and BritishCardiac Society, and was supported by the BSH. BSH members were able to take advantage of areduced registration fee for the meeting.• BSH Annual Autumn Meeting: 28 November 2003The Annual Autumn Meeting 2003 and AGM took place on 28 November 2003 in Oxford. Themeeting was entitled 'Heart Failure beyond maximum medical management' and focussed onways to manage advanced HF in patients for whom medical management is no longer sufficient.Around 300 participants registered for the meeting, along with 14 exhibitors and 8 scientificposter presenters. The meeting was filmed by the BBC as part of a documentary being madeabout the Programme Director, Mr Stephen Westaby, a distinguished cardiac surgeon fromOxford. The report from the meeting was published in Spring 2004 as the 15 th BSH newsletter.• BSH sessions at the British Cardiac Society (BCS) Annual Scientific Conference,24–27 May 2004As a BCS affiliated group, the BSH held three very successful sessions as part of the BCS AnnualScientific Conference. The programmes were titled:- Heart Failure: delivering evidence-based care in the UK- Electrical device therapy in heart failure: unmet need and unmet cost (Joint session betweenBSH and BPEG)- Anti-thrombotic therapy for heart failure: which agent, if any?A meeting report covering all three sessions was published as the 16 th BSH Newsletter, which wascirculated to members in September 2004.Annual General Meeting: 28 November 2003The charity's Annual General Meeting was held on 28 November 2003 in Oxford, and accounts for theperiod 2002-2003 were presented.

BRITISH SOCIETY FOR HEART FAILURE 3(A COMPANY LIMITED BY GUARANTEE)TRUSTEES’ REPORTYEAR ENDED 31 MAY 2004Meeting reportsThe proceedings from the three symposia held as part of the BCS Annual Scientific Conference in 2003were published as the 14 th BSH Newsletter in Summer 2003. A report from the Autumn Meeting 2003was published in Spring 2004 as the 15 th BSH Newsletter. Copies of both newsletters were circulated tomembers.Heart failure nurse trainingHeart failure nurses have maintained and increased their representation as a large and key group withinthe membership of Society. During 2002, the BSH formed collaboration with the British HeartFoundation and the Glasgow Caledonian University to develop the first formally academicallyaccredited educational programme to prepare registered nurses and other allied health careprofessionals to managed patients with chronic heart failure. The course, entitled 'Principles of caremanagement' was established in 2002 and runs three times a year. From its inception, until the end ofMay 2003, around 128 nurses had either completed or were currently attending the course.WebsiteThe BSH section of the BCS website has continued to develop, and additional resources were addedduring the period June 2003-May 2004, including a comprehensive ‘blueprint’ for the management of heartfailure patients in the community and in hospitals. The trustees are keen to develop new material forinclusion on the website, providing valuable information specifically related to heart failure.Heart Failure DatabaseThree working parties to formulate plans for a national heart failure database took place fromNovember 2003-May 2004. The outcome of these meetings was to consolidate information as to whatalready exists in terms of heart failure databases, and what would be sensible to develop. The next stepis to agree a minimum dataset that would fulfil audit requirements, with a view to expanding this toinclude electronic patient records as a second phase of development.Heart Failure 'Standards'A sub-committee of the Board developed a document outlining 'Standards' for care in heart failure. Thedocument will be incorporated into the BSC Standards in Cardiology, which will be used for thepurpose of peer-review/audit of standards in secondary care.Friends of BSHThe increase in contributions from Friends of BSH in the accounting period June 2003-May 2004 waslargely due to new ongoing commitments beginning in 2003 from Pfizer and Takeda and in 2004 fromBayer and A Menarini. These added to the existing ongoing commitments from AstraZeneca, E Merck,GlaxoSmithKline, Medtronic, Roche and Servier.Future activitiesThe following BSH activities have taken place or been planned since the financial year end:• A report from the BSH symposia held during the BCS Annual Scientific Conference 2004 waspublished as the 16 th BSH Newsletter and circulated to members in September 2004.• Meeting on circulatory assist devices, 2 July 2004. This one day symposium entitled ‘Developmentof mechanical circulatory programmes for the UK: a consensus conference’ was held as anadditional meeting in 2004. The meeting was supported by the Department of Health, who wererepresented at the meeting, and endorsed by the BCS.

BRITISH SOCIETY FOR HEART FAILURE 4(A COMPANY LIMITED BY GUARANTEE)TRUSTEES’ REPORTYEAR ENDED 31 MAY 2004• A report from the above meeting was published as the 17 th BSH Newsletter, and was circulated tomembers in November 2004.• The Annual Autumn Meeting 2004 and AGM took place on 25 November 2004 in London. Thisfull day and a half meeting, entitled‘Heart failure: translating evidence into practice' was a jointinitiative between the BSH and the Coronoary Heart Disease NHS Collaborative. The meetingwas extremely well attended by nearly 500 participants, and 9 exhibitors/sponsors took part.• The report from the Autumn Meeting 2004 was published in February 2005 as the 18 th BSHnewsletter.• Seven heart failure symposia will form part of the plenary sessions at the British Cardiac Society(BCS) Annual Scientific Conference, 23–26 May 2005, as follows:- Tomorrow’s world in heart failure (Teach-In)- From exercise testing & training to improving the outlook for heart failure patients (Jointsession with BACR)- Pragmatic diagnosis of heart failure (Joint session with BSE/PCCS)- How to manage acute heart failure (‘How to’ session)- Sudden death in heart failure (Joint session with BPEG)- Practical aspects of undertaking exercise rehabilitation for heart failure patients (‘How to’session with BACR)- Heart failure with preserved systolic function (Stand-alone session).• The Annual BSH Scientific Meeting 2005 & AGM will take place in November 2005 in London.• Two further planning meetings for the development of a national heart failure database took placein July 2004 and January 2005. A minimum dataset for audit purposes was agreed upon, whichwill be distributed to interested parties for incorporation into their own databases. An initial draftof a full dataset for use as electronic patient records was also produced.3. INVESTMENT POLICYThe trustees’ policy is to invest funds in easy access and relatively low risk bank accounts.4. CONTRIBUTIONS BY VOLUNTEERSWe regret that it is not possible to calculate accurately and reflect in these accounts the immensecontribution made to the charity by our volunteers, helpful members, advisors and of course ourtrustees, whose help contributes greatly to enhance the work of the charity. We are most grateful tothem.5. BASIS OF PREPARATIONThis report is prepared in accordance with the provisions of Part VII of the Companies Act 1985relating to small companies and in accordance with the Statement of Recommended Practice,Accounting and Reporting by Charities (SORP 2000) issued in October 2000.

BRITISH SOCIETY FOR HEART FAILURE 5(A COMPANY LIMITED BY GUARANTEE)TRUSTEES’ REPORTYEAR ENDED 31 MAY 20046. CHARITY INFORMATIONCharity Number: 1075720Company Number: 3767312Governing document:Objects:Articles of memorandum and associationTo relieve patients with heart failure or at risk of developing heart failure.To promote research into heart failure and into the prevention, treatment, andcures of such complaints, and the dissemination of the results of such research.Address:Accountants:Legal advisors:‘Nought’The FarthingsMarchamOxfordshireOX13 6QDPKFNew Guild House45 Great Charles StreetBirminghamB3 2LXBlake Lapthorn LinnellSeacourt TowerWest WayOxfordOX2 0FBOn behalf of the BoardT McDonaghTrustee29 March 2005

BRITISH SOCIETY FOR HEART FAILURE 6(A COMPANY LIMITED BY GUARANTEE)TRUSTEES’ RESPONSIBILITIESYEAR ENDED 31 MAY 2004Law applicable to incorporated charities in England and Wales requires the trustees to prepare financialstatements for each financial period, which give a true and fair view of the state of affairs of the charity and ofthe surplus or deficit of the charity for that period. In preparing those financial statements, the trustees arerequired to:• select suitable accounting policies and then apply them consistently;• state whether applicable accounting standards have been followed, subject to any material departuresdisclosed and explained in the financial statements;• make judgements and estimates that are reasonable and prudent;• prepare the financial statements on the going concern basis unless it is inappropriate to presume that thecharity will continue in business.The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy atany time the financial position of the charity and to enable them to ensure that the financial statements complywith the Companies Act 1985 and the Charities Act 1993. They are also responsible for such steps as arereasonably open to them to safeguard the assets of the company and to prevent and detect fraud or otherirregularities or errors.The trustees are responsible for ensuring that the trustees’ report and other information included in the annualreport is prepared in accordance with applicable UK law.

ACCOUNTANTS’ REPORT ON THE UNAUDITED FINANCIAL 7STATEMENTS TO THE TRUSTEES OFTHE BRITISH SOCIETY FOR HEART FAILURE(A COMPANY LIMITED BY GUARANTEE)We report on the financial statements of British Society for Heart Failure for the year ended31 May 2004 which comprise, the statement of financial activities (incorporating the income andexpenditure account), the balance sheet and the related notes.Respective responsibilities of trustees and reporting accountantsThe trustees’ (who are also the directors of The British Society for Heart Failure) responsibilities forpreparing the trustees’ report and the financial statements in accordance with applicable law andUnited Kingdom Accounting Standards as set out in the Statement of Trustees’ Responsibilities andthey consider that the charity is exempt from an audit. It is our responsibility to carry out proceduresdesigned to enable us to report our opinion.OpinionIn our opinion:(a) the financial statements are in agreement with the accounting records kept by the charitablecompany under section 221 of the Companies Act 1985(b) having regard only to, and on the basis of, the information contained in those accountingrecords(i)(ii)the accounts have been drawn up in a manner consistent with the accountingrequirements specified in section 249C(6) of the Act; andthe company satisfied the conditions for exemption from an audit of the financialstatements for the year specified in section 249A(4) of the Act and did not, at anytime within the year, fall within any of the categories of companies not entitled tothe exemption specified in section 249(B).BIRMINGHAM30 March 2005PKFREPORTING ACCOUNTANTS

BRITISH SOCIETY FOR HEART FAILURE 8(A COMPANY LIMITED BY GUARANTEE)STATEMENT OF FINANCIAL ACTIVITIES(INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)YEAR ENDED 31 MAY 20042004 2003NoteUnrestrictedFunds£RestrictedFunds£Total£Total£Incoming resourcesActivities in furtherance of the charity’sobjectsFriends of BSH annual contributionsUnrestricted donations80,20850080,20850063,042-Sponsorship -Autumn meeting - 47,228 47,228 32,500-BCS conference - 4,512 4,512 4,996-Newsletters - 500 500 630Annual membership fees 11,511 - 11,511 8,717Investment income 2 846 - 846 92Total incoming resources 93,065 52,240 145,305 109,977Resources expendedCosts of generating funds: 10,075 - 10,075 7,488Charitable expenditure:Costs of activities in furtherance of thecharity’s objects 38,309 52,240 90,549 77,794Management and administration 22,644 - 22,644 22,24560,953 52,240 113,193 100,039Total resources expended 3 71,028 52,240 123,268 107,527Net incoming(outgoing) resources andmovement in funds 22,037 - 22,037 2,450Balance brought forward at 1 June 2003 3141 - 3141 691Balance carried forward at 31 May 2004 25,178 - 25,178 3,141All income and expenditure relates to continuing activities.

BRITISH SOCIETY FOR HEART FAILURE 9(A COMPANY LIMITED BY GUARANTEE)BALANCE SHEET31 MAY 2004CURRENT ASSETSNote 2004 2003£ £ £ £Debtors 6 23,718 29,654Cash at bank and in hand 100,590 16,421124,308 46,075CREDITORS - amounts falling duewithin one year 7 (99,130) (42,934)NET CURRENT ASSETS 25,178 3,141NET ASSETS 25,178 3,141REPRESENTED BY:Restricted reserves 11 - -Unrestricted reserves: 10 25,178 3,14125,178 3,141These financial statements have been prepared in accordance with the provisions of Part VII of the CompaniesAct 1985 applicable to small companies.The company is entitled to the exemption from audit conferred by subsection (2) of section 249A of theCompanies Act 1985 (the Act) and no notice requiring an audit of these financial statements has beendeposited under section 249B(2) of the Act.The directors acknowledge their responsibilities for ensuring that the company keeps accounting recordswhich comply with section 221 of the Act and for preparing financial statements which give a true and fairview of the state of the company's affairs at the end of the financial year and of its incoming resources andapplication of resources, including its income and expenditure for the financial year and which comply withthe provisions of the Act applicable to small companies.Approved by the board of trustees on 29 March 2005T McDonagh - Trustee

BRITISH SOCIETY FOR HEART FAILURE 10(A COMPANY LIMITED BY GUARANTEE)NOTES AND ACCOUNTING POLICIESYEAR ENDED 31 MAY 20041. ACCOUNTING POLICIESThe principal accounting policies of the company are as follows:(a)(b)Basis of accountingThe financial statements have been prepared under the historical cost convention and inaccordance with the Statement of Recommended Practice, Accounting and Reporting byCharities (SORP 2000) issued in October 2000, applicable accounting standards and theCompanies Act 1985.IncomeFriends of BSH contributions and annual membership fees are made on an annual basis andare recognised in the income and expenditure account on an accruals basis.Sponsorship and other donations for furtherance of British Society for Heart Failure’scharitable objects are recognised in the income and expenditure account when received.Grants are included in the income and expenditure account as they become receivable.(c)Explanation of the categories of expenditureCost of generating fundsThis includes direct expenditure incurred in liaising with friends of the society and securingtheir contributions and obtaining sponsorship and a proportion of management overheads.Costs of activities in furtherance of the charity’s objectsThis comprises all direct costs and management overheads which have been incurred by thecharity in meeting its charitable objects.Management and administrationManagement and administration expenses represent the costs incurred in connection with theadministration of the charity and compliance with constitutional and statutory requirements.(d)(e)(f)TaxationThe company is a registered charity and is not liable to United Kingdom taxes on its income.Restricted fundsWhere income is received for purposes specified by the donor or by the terms of an appealunder which it was raised, that income is shown as restricted in the Statement of FinancialActivities. Expenditure for the specified purposes is shown as restricted expenditure. Anyunexpended balance at the balance sheet date is carried forward as a restricted reserve.Gifts in kindWhere the charity receives goods or services by way of gifts in kind the market value of thegift is accounted for in the statement of Financial Activities as an incoming and outgoingresource.

.BRITISH SOCIETY FOR HEART FAILURE 11(A COMPANY LIMITED BY GUARANTEE)NOTES AND ACCOUNTING POLICIESYEAR ENDED 31 MAY 20042. INVESTMENT INCOME2004 2003£ £Bank interest receivable 846 923. ANALYSIS OF TOTAL EXPENDITURE2004 2003£ £Secretariat: conference, publication, membership,sponsorship & financial management 60,883 53,586Travel, accommodation and subsistence 24,492 16,602Professional and legal fees 1,558 1,754Printing, stationery & postage 8,275 11,760Telephone 1,230 1,135Meeting rooms, audio visual and catering 15,517 10,425Editorial development and design 11,063 12,238Sundry 250 27123,268 107,5274. TRUSTEES' EMOLUMENTSThe trustees are not entitled to and did not receive any remuneration during the year.Travel and accommodation expenses incurred by 8 of the trustees on behalf of the charity have beenreimbursed. These amounted to £8,038 (2003:- £3,890).

BRITISH SOCIETY FOR HEART FAILURE 12(A COMPANY LIMITED BY GUARANTEE)NOTES AND ACCOUNTING POLICIESYEAR ENDED 31 MAY 20045. DEBTORSDebtors comprised amounts falling due within one year as follows:2004 2003£ £Sponsorship fees receivable 10,647 9,788Accrued income 7,553 15,000Prepayments 5,518 4,86623,718 29,6546. CREDITORSCreditors comprised amounts falling due within one year as follows:2004 2003£ £Amounts owing to suppliers 10,804 4,404Accruals 15,051 5,474Deferred income 73,275 33,05699,130 42,9347. ANALYSIS OF ASSETS AND LIABILITIES BETWEEN FUNDSUnrestrictedFunds Total£ £Current assets 124,308 124,308Current liabilities (99,130) (99,130)25,178 25,1788. MEMBERS CONTRIBUTIONSThe charity is a company limited by guarantee and as such does not have share capital. Each memberhas given an undertaking to contribute up to £1 if called upon to do so.

BRITISH SOCIETY FOR HEART FAILURE 13(A COMPANY LIMITED BY GUARANTEE)NOTES AND ACCOUNTING POLICIESYEAR ENDED 31 MAY 20049. DEFERRED INCOME2004£2003£Beginning of year 33,056 25,608Received during year 73,275 33,056Released during year (33,056) (25,608)End of year 73,275 33,05610. UNRESTRICTED FUNDSUnrestrictedFunds£Beginning of year 3,141Surplus for the year 22,037End of year 25,17811. RESTRICTED FUNDSReceivedduringyearExpendedduringyearBeginningof year£ £ £ £Autumn meeting - 47,228 (47,228) -BCS Conference - 4,512 (4,512) -Newsletters - 500 (500) -- 52,240 (52,240) -12. CONTROLLING PARTIESNo one person controls the charitable company.End ofyear