Heart Research UK

Trustees Report and

Financial Statements
For the year ended 31 December 2014

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.
Message from our Chairman
Like other charities of a similar size to Heart Research UK, 2014 was a pleasing, steady year for the
Charity with our voluntary income back up above pre-recession levels; increased expenditure on medical
research grants and another significant rise in awareness of our work. More and more, we were asked for
authoritative comment and our partnership working encouraged people to live healthier, happier, longer lives.
We are funding 27 medical research projects in 14 centres across the UK. Our performance and achievements highlighted in this report - funding
Our Masterclasses have given consultants the opportunity to increase their pioneering medical research; encouraging the experts of tomorrow;
skills and expertise with experts in their field. The Charitys aim of helping youngsters with heart problems and Healthy Heart initiatives -
offering rehabilitation for children with heart problems came a step closer clearly demonstrate benefit to the current and future wellbeing and good
with the piloting of our unique toolkit and exercise prescription for health of the general public. The full impact of these benefits may not be
youngsters leaving hospital at five centres. Our goal is that approved known for some years, but the furtherance of scientific knowledge and
rehabilitation programmes will be routinely given to children as they leave clinical practice is on-going and of current value.
hospital. These pilot programmes will continue in 2015.
Our 47-year history is one of discovery, pioneering research and helping
Fundraising with companies was very successful this year with our major
supporter achieving a record donation to the charity. The Healthy Heart hearts; from children with problems from birth to adults who just need
Mark is even more popular with a record number of sites taking on this help to live a healthy heart lifestyle. We are very proud that our innovative
prestigious award. The number and diversity of companies choosing work has helped hearts across the country and fulfilled our founders aim
Heart Research UK has grown, encouraged by our aim to raise money of making surgery safer; given researchers the resources they need to
locally and spend it near you. bring pioneering, improved treatments and procedures; started young
The objectives of Heart Research UK are: restricted to the promotion researchers on their first steps onto the research ladder and brought the
and furtherance of medical research into the prevention, treatment and Healthy Heart message to communities, schools and workplaces in all
cure of heart disease and related conditions including practical help with corners of the UK.
the prevention and treatment and the rehabilitation of those with such Along the way, weve played a part in many of the major developments
diseases. that we now take for granted and our work continues. All this would not
Cardiovascular disease is still one of the main causes of death in the UK be possible without the help of our medical researchers, community
but thanks to advances in its treatment, helped by medical research by champions, ambassadors and supporters. It is their hard work and
charities like HRUK, more and more people cope with heart disease every dedication over 47 years that has made Heart Research UK the well-
day. Our preventative and educational activities help all ages, respected, pioneering Charity, helping hearts across the UK, it is today.
communities, men and women, about the benefits of living a heart healthy By the end of 2014 Heart Research UK had funded 22m of pioneering
lifestyle. Worryingly, still, there are high risk groups, with lifestyles that can medical research. In 2015, we will continue funding at least 1m on high
lead to cardiovascular disease. Obesity is a growing problem and the quality medical projects and continue helping more people live healthier,
inability or lack of willingness to change and lead healthier lifestyles has to
happier, longer lives.
be addressed. What we do at HRUK is guided by these facts, our aims
and objectives and public benefit. Anthony Knight, Chairman of the Board of Trustees

Heart Research UK Trustees Report

For the year ended 31 December 2014
What have we done in 2014 Expenditure
Expenditure was 198k higher than in 2013 with 109k (net) attributable to
Financial highlights medical and Healthy Heart grant making. The actual grant total awarded in
Total income 1.85m compared with 1.92m in 2013 2014 was 1.3m, compared to 1.1m in 2013. Grants no longer required
989k legacy income and 1m (approx) of legacies for the 7th from previous years amounted to an exceptional amount of 216k, including
year running three grants totalling 94k not taken up by grantees for reasons outside the
Record other income 863k compared to 784k in 2013 Charitys control.
Voluntary income 699k, 609k in 2013 During 2014, we continued to keep tight control on expenditure and costs.
Corporate income 243k, up 84k Staff costs rose by 28k, reflecting the return to a full strength staff team
SUBWAY record income of 141k compared to 2013. All other costs, including administration were similar to
2.05m expenditure in 2014, 1.85m in 2013 2013.
Reserves of 3.2m compared with 3.3m in 2013
Investments
Income The investment policy aims to achieve a balanced return from income and
HRUK raised 1.85m in 2014 compared with 1.92m in 2013. The decrease capital growth with a medium risk profile on the investment portfolio.
is mainly due to a reduction in legacies. Income, apart from legacies, at
The market value of the portfolio (current and long term), as at 31
863k (2013 - 784k), is our best year for voluntary income. Corporate
December 2014, was 4,388k, 4,463k (2013). This slight reduction reflects
income was significantly up by 84k. Legacy income for the seventh year
a withdrawal from the portfolio of 100k for working capital. Given the
was 1m, or slightly under.
importance of the market value of the investments to the reserves of the
We have a solid foundation of core activities and, with effort from our Charity, the portfolio, over which our Investment Advisors have day-to-day
enhanced fundraising team, we are confident that HRUK will realise its discretion, is closely monitored and benchmarked by the Trustees, through
fundraising potential in 2015. the investment committee.
The other assets of the Charity, amounting to 1,128k as at 31 December
2014 (1,223k - 2013), were held mainly as bank and deposit balances to
provide sufficient liquidity for the settlement of grant commitments and the
day-to-day running of the Charity.
Reserves
Reserves at the end of 2014 were 3,202k compared to 3,333k in 2013.
Helping hearts with pioneering medical
research and building expertise
Highlights
1.05m awarded to grant programmes, 942K in 2013:
6 HRUK Translational Research Project (TRP) Grants, totalling 731k
202k for Two Novel & Emerging Technology (NET)Grants
90k for six EXSEL one-year Scholarships
One HRUK Masterclass (25k)
27 projects in 14 locations across the UK
Unique toolkit and prescription for childrens rehabilitation
HRUK/Simplyhealth research grant receives NICE recognition
HRUK identifies and funds 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 other centres of excellence across the UK. The
Board of Trustees awards grants based on the recommendations of the
appropriate Medical Review Panel (MRP), made up of world-class scientists
and clinicians. The deliberations of the panels are aided by further opinions
from national and international experts in their 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 2014, in line with good practice, the Medical Liaison sub-committee
reviewed our medical research strategy. It concluded that HRUKs
programme with the NET and TRP grants, Masterclasses and the provision
of childrens rehabilitation fulfil our objectives and aims. It also allows us to
meet our aim of being pioneering and innovative; helps to differentiate
HRUK from other charities and enhances the Charitys reputation as a
medical research Charity.
The review highlighted that our NET Grant and TRP Grant schemes are very
successful and continue to be popular, good value for money and fulfil the
purpose for which they were intended. We receive acceptable numbers of
good-quality applications; have high-calibre expert panels; a robust peer-
review process and a successful system for giving feedback to applicants. The
panel recommended that, from 2015 onwards, the amount given to the NET
Grant should be increased by 50k to offer 250k for each award. The TRP
Grants level would remain at a maximum grant of 150k each.
We are very proud of our peer review process which in 2014 involved 154
external and 23 internal reviewers, the latter who are members of our
medical review panels. These reviewers can be in the UK or worldwide and
are chosen because they are highly-regarded, notable experts in their field.
Each project is, usually, looked at by a minimum of three external and two
internal reviewers. We are indebted to them as, without their help, HRUK
could not have such a robust, thorough peer review.
There were 34 applications for the TRP Grants and 35 outline and 14 full
applications for the NET Grant. Applications for medical research grants
made outside of the normal MRP procedure, which are considered to be of
such special importance to HRUKs aims and objectives as to warrant
funding, are reported directly to the Board of Trustees. The Board then
passes the applications to the Medical Liaison sub-committee for a process
that includes external peer review as well as consideration by the
appropriate sub-committee and internal review from individuals on the
MRPs. This system fulfils a need to deal with exceptional ad hoc requests
which can be received at any time during the year.
The MRP was impressed with the high standard of applications for both
grant rounds and funded two NET grants. One of these grants was
awarded to Dr Timothy Betts at the John Radcliffe Hospital, Oxford
University Hospitals NHS Trust, to investigate a new technique to help
patients who do not respond to cardiac resynchronisation therapy and the
other was awarded to Professor David Firmin at the Royal Brompton
Hospital and Imperial College London for a PhD studentship to develop new
MRI techniques for microscopic insights into heart muscle structure.
Six TRP grants were awarded to the Universities of Cambridge, Bristol,
Oxford, Leeds and Kings College London, totalling 731k.
Every three years HRUK gives six scholarships, two every year for three
years, to the Excellence in Scholarship, Enterprise and Leadership (EXSEL)
programme at Leeds Medical School. Over the last 9 years we have given
270k to fund 18 third-year medical students for these prestigious
scholarships.
At present, adults are routinely offered advice and rehabilitation following
heart problems, children are not. From 2012, HRUK has funded a Research
Fellow to gather information on the current, very limited, rehabilitation
opportunities; collate existing research and to develop a toolkit for
children, their families and carers, as well as clinicians, to help the youngsters
live healthier, happier, longer lives following surgery or if they have a lifelong
condition. This unique project was the first step in pioneering rehabilitation
for youngsters and improved paediatric heart patient management using an
individually-tailored exercise prescription. During 2014, we piloted the
toolkit and prescription in Bristol, Leeds, Oxford, Swansea and Cardiff.
Feedback was analysed and suggestions will be incorporated into the final
toolkit. Undoubtedly, the toolkit is a success but the most positive feedback
is on the impact of the unique prescription. It is invaluable in giving all those
using it, the level of activity needed to help keep the youngsters heart
healthy and, importantly, guidelines for home, school and at play.
The next step is to continue to pilot the toolkit and prescriptions in centres
across the UK, refine them with further feedback and then for each centre
to make sure that all children with heart problems routinely have access to
rehabilitation and advice. Our ultimate aim is to make a childrens
rehabilitation programme common practice and available across the NHS.
HRUKs Masterclass series continued with a residential course on aortic arch
surgery - a specialist area with which the majority of heart surgeons rarely
come into contact. It is difficult to train in this type of surgery because
operations are complex and numbers of patients are small. The Masterclass
was held in the Human Anatomy Resource Centre at the University of
Liverpool and was led by Miss Deborah Harrington and Mr Aung Oo,
Consultant Cardiac Surgeons at Liverpool Heart and Chest Hospital.
The eminent international Masterclass faculty included Roberto Di
Bartolomeo, Professor of Cardiac Surgery in the Cardiovascular
Department at the University of Bologna and Professor Malakh Shrestha,
Chief Staff Surgeon of Cardiothoracic, Transplantation and Vascular Surgery,
and Director of Aortic Surgery at Hanover Medical School.
Our Masterclasses fulfil the Charitys desire to spread expertise and skills to
local hospitals and universities across the UK, not just in centres of
excellence. They offer highly-specialist, practical training to senior trainees
and consultants, at a crucial time in their careers, which is not routinely
available. This was an opportunity for 13 cardiac surgeons to expand their
knowledge through one-to-one teaching from highly-experienced surgeons
and gain hands-on experience in total aortic arch replacement. Above all,
patients across the country will benefit as more surgeons will have the
expertise to carry out this lifesaving operation.
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.
An essential part of medical research is for the findings to be published in
scientific journals such as "Nature", "The British Medical Journal",
Circulation and "The Lancet". This allows scientific discoveries to be
shared with other researchers so that scientific knowledge can advance. It
also gives the work credibility and demonstrates the quality of the research.
HRUK-funded projects which ended in 2014 resulted in 57 publications in
journals including Circulation, Heart, Hypertension, Biochemical
Pharmacology, Journal of Thrombosis and Haemostasis, Current Opinion in
Pharmacology, Journal of the American College of Cardiology, European
Heart Journal and Interventional Cardiology.
Their work may also lead to them presenting their findings to other scientists
at conferences internationally as well as in the UK. Projects ending in 2014
resulted in 45 presentations by our grantholders at scientific conferences in
the UK, Netherlands, Spain, Italy, France, Denmark, Canada, USA and Japan.
We are determined to demonstrate the medical benefit of the research we
fund and its impact to our supporters and those who follow the work of the
Charity. We have focused on both the clinical impact of the grants and the
resulting scientific advancement in the field in our publicity and Pulse
magazine. Work continues on finding the best way of measuring the impact
of our medical research projects to assist with our future grants programme.
We continued to trial Researchfish, an online evaluation system for
funders to track the outputs and outcomes of the research they fund.
Researchers record data about the project including publications,
collaborations and partnerships, further funding, development of products
and interventions, intellectual property, influence on policy, practice and the
public, awards and recognitions. We hope to utilise this information in
future medical grant strategy.
In 2013, the HRUK/Simplyhealth grant
was awarded to Professor Martin Thornhill
at the University of Sheffield to investigate
whether a new NICE guideline
recommending an end to antibiotic cover
for at-risk patients during dental treatment
has led to an increase in the numbers of
cases of infective endocarditis a serious
and potentially fatal infection of the heart.
Professor Thornhill and the research team
have found a very significant increase in
cases of infective endocarditis since the
NICE guideline was introduced. Although
this does not show a cause and effect
relationship, this raises very important
questions about the current NICE guidelines and as a result, NICE has
announced that it is to immediately review its guideline that antibiotics
should not be prescribed to prevent infective endocarditis.
In autumn 2014, Professor Thornhill presented the results at the American
Heart Association annual meeting in Chicago and the findings were published
in the prestigious journal, The Lancet. He was also awarded the Samuel
Charles Miller Award by the American Academy for Oral Medicine.
Professor Thornhills research is continuing into 2015 and the results will be
of great importance to all dentists and cardiologists in the UK as well as
many at-risk patients.
The medical grants given in 2014 fulfilled the objectives set out in the
medical research strategy to:
offer attractive, innovative opportunities
fill gaps in medical research funding
provide highest impact
give value for money
enhance our existing good reputation and successes
Our programme of NET and TRP grants; the Childrens Rehabilitation
research project and specialist training for younger clinicians ensure that
money donated to us is spent to achieve maximum impact and, in particular,
fill gaps in medical research funding in the prevention, treatment and cure of
heart disease. The latter two, specifically, enhance in knowledge and
expertise as well as giving practical help to patients and clinicians.
Helping hearts in schools, at work and in
the community
Highlights
Over 19,000 children hear Healthy Heart message
102 school talks to 4,600 pupils at 45 schools
Celebrating 10 years of Healthy Heart Grants convention
433 applications (301 in 2013)
30 HHGs awarded (24 in 2013)
Working with major sports clubs
8 companies at 23 sites had Healthy Heart(HH) activities
1,350 healthy heart checks
Lead Charity in National Obesity Awareness Week
Even though the messages about living a healthy lifestyle, especially healthy
eating, being active and not smoking are available from many sources and
well-publicised, it appears that they are not having the desired effect. 63%
adults are overweight and 25% of adults and 15% of children obese;
youngsters, especially, are not as physically active as they should be; too few
people eat their 5-a-day; one in five people still smoke and many are
smoking passively. The direct link of lifestyle to cardiovascular disease
(CVD) is well-established and these trends continue to be a major problem
in the UK. HRUK is playing its part, trying to overcome ingrained habits and
attitudes, to combat heart disease.
Healthy Heart Grants; schools talks; health fairs; workplace initiatives,
including the Healthy Heart Mark; website pages and literature fulfil our
objective of practical help with the prevention and treatment and the
rehabilitation of those with such diseases. Our Healthy Heart activities do
not give general healthy living advice; they disseminate dedicated heart
advice and information that impacts on all ages; diverse communities; public
and private workplaces and the general public. Many of the HHGs work in
partnership with other charities and voluntary organisations, providing
valuable expertise and experience to promote our Healthy Heart message.
Over 17,000 children heard the HH message either in school or through a
HHG project and 1,920 Brownies from 80 Brownie packs. Since 2007,
37,500 Brownies in 1,600 packs have earned their Healthy Heart badge.
Our tenth anniversary of Healthy Heart Grants was a major milestone for
Heart Research UK. To celebrate the 154 HRUK and 50
HRUK/SUBWAY HH Grants awarded during that time, we welcomed
past and present grantees, to share their experiences with specialist, expert
speakers and observers from organisations and health agencies. Professor
Bun Tan, who is currently researching the hearts of elite athletes was joined
by fellow guest speaker, Professor Paul Gately, our first-ever HH grantee,
who explained how his HRUK HH Grants helped develop the residential
programmes for obese children that attracted so much national interest.
Our HH Grants, in all areas across the country help communities help
themselves live healthier, happier, longer lives. Every age group; men,
women and children from different backgrounds; diverse communities and
target groups have benefited and we feel justifiably proud of our unique,
innovative, exciting grants programme.
In 2014, we commenced giving 10,000 and 5,000 grants and two extra
10,000 grants, given at the discretion of the Trustees for projects that
demonstrated that they would go to the next level in an innovative way;
incorporate their positive and negative experiences and be sustainable at the
end of the grant period. These two grants went to Jigsaw in Bury and York
City Knights RFC.
HHGs are targeted at high risk groups; children, to encourage a way of life
that will keep their hearts healthy; disadvantaged and hard to reach
communities and older age groups, to help them live healthier, happier,
longer lives. This popular grant programme, with rounds in May and
November, received an even higher number of requests for funding in 2014.
We had 433 Healthy Heart Grant applications to sift through, compared to
301 in 2013 and 123 SUBWAY Healthy Heart Grant applications across
the year.
Of all the Healthy Heart Grants we awarded in 2014 (HRUK AND
SUBWAY): 12 focused on children; 4 on families, 5 on adults and 1 on
those with physical or learning disabilities. Grants ranged between 2k and
10K and the average grant was 8k.
30 HHGs were given to community groups for a diverse range of projects,
highlighted on pages 14-15. Olympic Bronze medallist, Anthony Ogogo,
caused a stir when he was the surprise star guest at the launch of Access
Community Trusts HHG to help disadvantaged communities. We were
helped to spread the healthy heart message by the charitable organisations
of sports clubs like Cheltenham Town Community, Education & Sporting
Trust, Port Talbot Town Community Sports Ltd, Plymouth Raiders
Foundation, Inverness Caledonian Thistle Community Development Trust,
Guiseley Community Foundation and Charlton Athletic Community Trust
which gave audiences the added buzz of meeting the sporting heroes.
The Healthy Heart Mark, our recognised
programme for companies, helps them to
meet their corporate social responsibilities to
employees. Employers such as DS Smith,
Emerald Publishing, Ordnance Survey,
Wilmott Dixon and British Transport Police
commissioned 1,350 individual Healthy Heart
checks and 23 lifestyle activities including
specialist sessions and talks, quit smoking
events and healthy eating workshops. D S
Smith, the nationwide packaging company,
emphasised health as well as safety for their
employees giving 32 sites across the UK the opportunity to take part in the
Healthy Heart Mark with 14 taking the challenge.
We were delighted to be the lead Charity of The National Obesity
Awareness Campaign and, as well as promoting their core messages in
National Obesity Week, joined a judging panel for their schools competition
to design posters for healthy meals. We were also one of the founding
Charity partners of Action on Sugar.
We have videos on diet and the heart, exercise and the heart and smoking
and the heart on YouTube. HRUKs Healthy Heart lifestyle leaflets on the
heart and blood pressure; fats; exercise; healthy eating; cholesterol; women;
stress; diabetes; dental health; smoking and a leaflet for South Asians have
been widely distributed.
Raising awareness of HRUK
Highlights
Website
250,000 visits to our website
149,000 direct visits, 75% up on 2013
Indirect up 18% to 103,000
81,000 new visitors, up 20%
79% were new visitors
192,000 page views, up by 3%
Social media
Twitter Followers up to 6,172 from 4,900, 22% up
One Facebook post reached 13,000 accounts
4,000 Likes on Facebook, 700 more than 2013
Dedicated social media Sing for your Heart campaign
Media
Over 675k worth of coverage
283 press releases issued, up 36%
630 articles in 247 publications
22 national, 608 regional articles
280 online mentions
54 radio interviews across UK
7 TV appearances
Coverage in 22 national publications
Pulse
32,000 copies of Pulse sent out
Special Christmas edition
2014 was a year that demonstrated how HRUK is your local, national
Charity, emphasising that money raised locally is spent near you. The
Charity had more website visits and extensive media coverage and,
importantly, many more interactions in social media. We continued to
focus on local media - particularly local radio - and our main social media

platforms, Facebook and Twitter. We featured in the national press and,
overall, the value of media coverage in 2014 was over 675k.
The Charitys image refresh, introducing the Helping Hearts wording to
emphasise, at a glance, our work over 45 years and reflect the warmer,
friendlier face of Heart Research UK has been successful in attracting
support and raising awareness. We also focused on stories about people,
supporting us because of their own or their familys experience with heart
disease.
We acknowledged that social media is the perfect way for charities to
interact directly with their supporters, followers and fundraisers and HRUKs
social media profile continued to increase in 2014, with interactions on the
main Facebook and Twitter sites growing month on month. We have
increased our activity by sharing more information, engaging more often and
outsourcing campaigns to specialist companies. Social media was used
extensively to drive traffic directly to our website.
Building strong relationships with national, local and specialist media has been
very successful, particularly by offering comments on running health stories,
providing case study examples, interviewees and spokespeople. Coverage
was more widespread, especially in national media. Also, targeting local
outlets with more local stories has been very successful with the highest
exposure in Yorkshire and, pleasingly, Scotland and Northern Ireland next.
UK-wide local coverage gives us national coverage.
BBC 5Live, 14 BBC local radio stations and 10 commercial stations featured
HRUK and TV coverage doubled, reflecting our growing profile. The most
aired piece, about the launch of the Bristol Helping Little Hearts campaign,
appeared as a five-minute interview on BBC Radio Bristol and a three-
minute piece on ITV Westcountry. Smaller independent, community-based
stations such as Stray FM, Sunrise Radio, featured our stories. We even hit
the international scene with a heart-focused programme for the Diggin
Deep Show on Sky and a live interview for The Voice of Russia.
HRUK gains a lot of coverage through its medical research grants across the
country. One, in particular, caused some controversy when it found that the
care of patients with heart failure in the UK was inadequate and had not
changed in a decade. The findings, by the team at Durham University and
Darlington Memorial Hospital, highlighted inadequacies in heart failure care
and showed that clinicians are uncertain about how to diagnose different
types of heart failure as well as who has overall responsibility for heart failure
management and this featured in media across the UK.
NetDoctor, British Medical Journal, Cardiology News, Nursing Times,
Science Codex, Science Newsline, Med India, Medical News Today and
Cardiovascular and Diabetes Research all used our medical research and
health stories in 2014.
Our Healthy Heart Tips went into 94 publications across the country, with
something appearing every week; the Banffshire Journal taking the lead with
30 separate articles.
In line with our Helping Hearts message, we have enlisted the help of
Ambassadors to help raise our profile, beginning in 2013 with Rugby
League star, Adrian Purtell, who suffered a heart attack in May 2012 but was
back playing again less than a year later. He was joined by Rugby League star,
Warrington Wolves assistant coach, Willie Poching, who has also recovered
from a heart attack and Healthy Living Ambassador and cerebral palsy
sufferer, James Gosling, from
Rotherham, who is an inspiration to
others with his positive attitude and
willingness to engage with groups of
disabled people.
Our most high-profile Ambassador,
Sally Bee, a celebrity chef on the ITV
morning show, Lorraine, joined us
early in the year. Her passion is
healthy eating as she attributes
surviving three heart attacks to her
healthy life, especially diet.
England netball player Clare Elsley
also came on board as an
ambassador after helping us to
launch our Helping Little Hearts
campaign in Bristol. Clare suffers
from heart rhythm problems which
meant she had to put her life on hold
until being fitted with a heart
pacemaker that has allowed her to
continue playing netball for England
and winning a World Championship
silver medal with the team last year.
Other Ambassadors like former world boxing champion, Paul Silky Jones,
did skipping events, aimed at middle-aged men, a tough group to reach.
Tommy Frank, another young boxer, ran the Great North Run along with
one of our grantees, Professor Ann Graham, who led a project at
Caledonian University in Glasgow to study new drugs that could reverse the
build-up of fatty substances in the arteries, reducing the risk of coronary
artery disease and heart attack.
SUBWAY 5K events produced a range of relevant, human stories including
Liverpool man, Craig Holmes, and his family who were taking part and
raising money in memory of their sister, Kaylea, the mother of a young baby,
who died of a heart attack when she was just 23. There was also Sarah
Hughes from Manchester who did the 5K in honour of her friends baby,
Minnie Lou, who has had heart problems since birth and went round to her
house after the race to give the baby girl her medal.
Everyone who raises funds for HRUK is important to us, so we have
highlighted more of the efforts of our individual fundraisers. People like
Professor Chris Denning, one of our grantees from the University of
Nottingham, who climbed the Yorkshire Three Peaks to show his
appreciation of our work. Also, people like soldier, Tom Collins from
Nuneaton, who captured media attention when he pushed himself to the
limit doing two Iron Man events in eight weeks. In another novel idea, Dave
Hudson ran as our Hartley Mascot in the annual Wetherby Racecourse
Mascot Race.
Pulse, our main information publication sent out twice a year to supporters,
researchers, hospitals, rehabilitation centres, companies and health-related
public bodies with our two annual appeals, remained our main publication.
To highlight the many who helped the charity or had good stories to tell, a
Special People leaflet, instead of Pulse, was delivered at Christmas.
Using our database for targeting and better relationship management, we
send communications tailored to individual groups, donors, grantees and
supporters. Targeted, mass email was used more, reaching more people
with the right message at the right time. Regular training on use of the
database, record management and regular data 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 it is our policy not to share our data with other organisations.
The Charity is delighted and encouraged by the year-on-year growth in
coverage and impact of its communication activities using traditional and the
most up-to-date media. More organisations, publications and people are
interacting with Heart Research UK than ever before. We will continue to
draw attention to our achievements; unique projects and opportunities for
clinicians and researchers; Healthy Heart activities and the difference
between HRUK and other heart charities in 2015. The Charity will also heart problems, has seen sites across the country take part in the Healthy
emphasise its policy of focusing on local activities, stressing that anything Heart Mark. By the end of the year 1,250 HH checks had been carried out
raised locally is spent near you. at 13 locations and two sites were well on their way to achieving a bronze
award.
Working with others Beaverbrooks the Jewellers has
supported HRUKs Treasure Chest
Highlights collections for over 15 years and is
50 HRUK/SUBWAY HH grants helping the Charity to reach its target of
Mums Masala healthier curry base 500k income since the campaigns
Simplyhealth school talks launch. To achieve this, the company
D S Smith look after employees hearts has encouraged its staff to support the
15 years with Beaverbrooks campaign, helped to distribute the
GVA/BrindleyPlace partnership campaigns collection envelopes across
Forest of Hearts the UK and have given their stores as
designated collection points for
Third year of working with The Fishmongers Company
envelopes nationwide. Bonhams the
HRUK has a policy of not endorsing products, but the Charity does give Auctioneers continued to sort through
support to initiatives that increase our national awareness and profile and the many envelopes of jewellery from
promote heart health. Before any partnership is considered, the protocol WIs, individuals and other organisations
for partnerships is followed to assess the feasibility, risks and compatibility and auction the collection for the
with HRUK objectives and suitability to minimise any detrimental effect to Treasure Chest Appeal.
our reputation or fundraising potential. Streamlining of the partnership
The Midlands office partnerships include
process and the implementation of robust risk assessment ensure that only
a first for HRUK, our Charitys logo and
suitable and best value partnerships for the Charity are implemented.
New Year message was seen by over
Agreements are only entered into after in-depth negotiations to make sure
500,000 motorists and the public on a
both parties aims are compatible, complementary and there is true mutual
motorway super screen in Birmingham,
benefit. This ensures transparency and integrity in all our partnerships.
thanks to free space given by advertising
Our most rewarding partnership with SUBWAY stores, that supports specialist, Ellonex.
consumers choice of a healthier alternative in their stores and on the high
For over six years, GEM Magazine has raised awareness of HRUK in the
street, hit the very important milestone of funding 50 HRUK/ SUBWAY
Midlands activities in their exclusive publication.
Healthy Heart Grants. In its sixth year, this well-crafted partnership ensures
transparency and integrity as all At the end of 2014, HRUK in the Midlands became one of three charities
the monies are raised by chosen by tenants of one of the biggest international property Management
SUBWAY stores staff and Companies, GVA and BrindleyPlace in Birmingham. This is a 2-year
sponsors of their 5kms partnership that will involve 12,000 employees and users of BrindleyPlace.
participants is spent on
Carole Longden of Longden Events gave us one of our most innovative
promoting heart health through
opportunities; the Forest of Hearts at the Stratford Armouries. This haven
these local community Healthy
of trees will have a Healthy Heart trial and garden which will encourage
Heart Grants.
exercise and healthy eating for all ages. Planting a tree also aids HRUK with a
Before launching into the donation from every one bought. This is a long-term partnership and gives
market in late 2014, Mums our supporters the chance to remember a loved one or commemorate a
Masala worked with HRUK to celebration.
perfect its labelling and
HRUK is privileged to have forged a working relationship with The
nutritional credentials. With
Fishmongers Company, one of the Twelve Great Livery Companies of the
our more international taste in
City of London and among the most ancient of the City Guilds. We were
foods, we recognised that
also a chosen Charity partner with National Obesity Week.
curries are an everyday staple
diet and we were happy to
team up with a company that
Medical Technology Group
offered the choice of a healthier Our National Director, Barbara Harpham, continues to generate interest in
option in local shops HRUK through her Chairmanship of the Medical Technology Group, a
nationwide. The company will coalition of patient groups, research organisations, medical device
support our efforts to help manufacturers and clinicians set up to promote the uptake of medical
people live healthier, happier technology. It is seen as an expert group, is often asked for comment by
longer lives with a donation of national media and specialist publications, runs campaigns on specific topics
1p per jar sold. and regularly engages with Parliamentarians, the NHS and clinicians. The
highlight of the year was the Medical Technology Week with a Parliamentary
The innovative, exciting partnership with Simplyhealth and most successful Reception in the House of Commons, with Parliamentarians, Lords and
single fundraising campaign in HRUK history continued to help us, with the representatives from the NHS, charities and other health organisations,
ongoing medical research into the link between heart disease and dental chaired by our National Director. A lobby of MPs also attracted patient
health and, also, school talks. During the year, this donation gave us the groups and clinicians. This role has brought recognition and kudos to the
resources to develop novel, bespoke presentations and deliver 92 UK-wide work of HRUK, especially our research with medical devices.
talks to 4,000 children. This legacy continues into 2015.
Also a member of the Blood and Transplant Patients Group, she takes an
Another Company, Drax Power Limited, after receiving their Gold HHM active role in the meetings convened to ensure that the patients voice is
award, acknowledged how important living a Healthy Heart is, and paid for heard.
school talks near their site. In the last few months of 2014, we visited 10
schools and reached 283 pupils. This work will also continue into 2015. Most HRUK partners have been with the Charity for a number of years
reflecting our mutual loyalty, responsiveness and enthusiasm for our brands.
Our partnership with D S Smith, initiated because one of their Directors had Our thanks go to all these organisations and many others for their support.
How we raised money
Highlights
1m from Legacies
Significant increase in Lifestyle income
Corporate giving up 84k to 243k
SUBWAY stores partnership incomes hits 500k
Record SUBWAY stores income 131k, 81.5k in 2013
100k anonymous donation
Events raise 208k
22k from WW1 lunch
Legacies
In 2014, Heart Research UK received just under 1m. A list of legacies
received is on page 13.
Healthy Heart activities
Lifestyle department income from school and workplace initiatives very
significantly increased its 10k target to reach 56k, including 8k from Drax
Power Limited for school talks and with DS Smith HH Mark activities
bringing 46.5k, alone.
Corporate giving
Corporate giving is particularly attractive to companies because of the
diverse opportunities offered by HRUK for their donations. Some wish to
support medical research, others lifestyle activities, especially school talks as
was the case with Simplyhealth and Drax Power Limited.
Special tribute and congratulations have to go to SUBWAY stores - the
big news for corporate income was that this partnerships total income hit
500k during 2014 and was celebrated with an all-time year high of 131k,
up 66% in the sixth year of our partnership. Income from SUBWAY
stores came from collection boxes in store and franchisee donations
achieving 67.5k and 10.6k from its TUKI conference, organised by their
marketing team. Sponsorship from the 12 Helping Hearts Family 5kms
reached 32.4k (9k in 2013). A further 20.5k (8k in 2013) in entry
fees added to the total.
HRUK received 30k as the chosen Charity of the year for Emerald
Publishing which also had an extra reason to fundraise, in memory of their
Director, Martin Foyt. We were also nominated for support by Nationwide,
Carillion, ASDA and Waitrose customers and staff. Kanzi Apples donated
6k and Liverpool Victoria, 10k. Other generous companies include Savills;
Renishaw; Regus; Royal London; Wetlab and Michael Graham Lettings,
specifically for the Philip Clarke Memorial Fund. Redmayne Bentley
Stockbrokers and Deutsche Bank continued their long-term support with
various activities including an evening reception, staff fundraising and
Christmas activities.
Damart continued to give a donation from clothing sold bringing their total
over 7 years to 27k. In 2013, Caravanguard in Halifax extended their
donation from 1 for paperless policies to all policies taken out and in 2014;
this donation amounted to 12k. This brings their running total since 2008 to
32k. In the final months of being their chosen Charity, UKCAR gave 2k
towards a final total of 28k.
Donations and grants
Income from individuals was up substantially on 2013 levels to 187k. Even
without the anonymous 100k donation, the 2014 figure was up on 2013.
Donations in lieu of flowers in memory of a loved one rose by 36%. Many
also chose to forego presents on their special celebration days and asked,
instead, for donations to our Charity.
Events
HRUKs most successful single event in 2014 was a 1914/18 War centenary
lunch in Birmingham hosted by Premier Planning plc and PwC, which
raised 22k.
The Virgin London Marathon, usually one of our best events, was
disappointing with 11 runners dropping out through injury, bringing our team
down to 18. Even so, 36k was generated. Two runners stood out in 2014,
both with very good reasons for taking part. Stefano Toffolo took on the 26-
miles in memory of his Dad and amassed 3.5k. Being first on the scene
when a colleague had a heart attack at work and trying to save him, drove
Oliver Nice on and helped him raise 3.2k.
Income from our last campaign of the year, Sing for your Heart, increased
30% following an increase in HRUK-organised events at major railway
stations and shopping centres across the UK as well as other organisations
and individuals becoming involved through a social media campaign.
Local events
65k was raised from 78 events (66 in 2013) organised by individuals to
benefit HRUK. They ranged from taking part in local marathons and runs to
raffles, family celebrations, skydives and coin collections to mountain
climbing and growing moustaches for Movember. Special thanks go to
Dominic Irving and Glenn Longland who pushed themselves to the limit and
raised 11k trying to break the record for riding tandem from Lands End to
John OGroats. The income from smaller Midlands' events increased to
36k from 22k. Our long-term association with the Great Yorkshire Bike
Ride yielded over 14k and brings their grand total to 239k.
Midlands regional office
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. HRUKs
regional office in Birmingham has had another good year, raising over 86k.
This is partly due to fundraising centred around a special project at the
Birmingham Children`s hospital for a research project that piloted the use of
a monitoring system for babies with heart problems following discharge from
hospital. It also reflects its growing impact and popularity of HRUK in the
Midlands.
Our regional team held over 35 successful events, alongside those organised
by supporters in the region. Increased awareness also led, for the first time,
to spontaneous donations in collection boxes, in lieu of flowers and one-off
donations. Maria and Barry Sawbridge, from Leicester, who made the festive
season special with their Christmas grotto, carol singing and festive lights,
raised 750 for HRUK.
Company support increased with the addition of Baldwin Marketing &
Events; Clarke Willmott Solicitors; Hilton Group and the Holiday Inn.
Important partnerships including C3, Destination Cyprus, Deutsche Bank,
NCP, Pacific Nurseries, Premier Planning, Sue Howells Art, Team Uki and
Trafalgars Accountants, local Waitrose stores. For the third year running,
Warwick Racecourse picked HRUK in the Midlands as their chosen Charity
on its Ladies day as well as hosting a Bank Holiday meeting gate collection.
All contributed to a total of 21k as well as gifts in kind.
EKV design and Arkade Properties were two new corporate supporters that
will continue in 2015 and began their relationship with HRUK with events
that raised 3k.
Local Waitrose stores chose HRUK 9 times to benefit from collections and a
record breaking 3-day bag packing event in December which raised 2k.
The Midlands office is especially grateful to the many companies that have
given gifts in kind to help with charitable events auctions, hampers and raffles
throughout the year. A special thanks to the many companies which included
Cadburys, Foxes Biscuits, Hilton Garden Inn, Team UKi, Premier Planning,
Longdens Events, Mrs Darlingtons & Daughters, Just Oil, Walkers, Waitrose
and Whitworths that accumulated a total of 17k.
Special mention should be made of Hallmark Cards, which for the third
year running donated hundreds of free Christmas cards that generated
over 1.5k.
After seven years of operation, our regional office is an integral part of
HRUKs organisation with a sustainable programme of events as well as
long-standing, loyal supporters. In 2015-2016, it is looking forward to new
partnerships including Michael Grainger Memorial Fund, Piccolino Restaurant
and Funeral Directors, William H Painter.
In Memory Funds
Mention should be made of the families who have set up In Memory funds
following the death of a loved one. The Nick Bill Memorial fund has been
holding events for over five years. Ethans Gift in Birmingham, established
three years ago, helped boost Midlands' office funds for projects at
Birmingham Childrens Hospital. Also, the Josh Fell Memorial Fund, set up
specifically to help fund a research project that could help with Sudden Adult
Death Syndrome. The family of Phillip Clarke have been fundraising for
HRUK since 2009 to donate funds for our work, Helping hearts near you.
Thank you
We would like to thank all those Charitable Trusts and Foundations (see list
on page 13), 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
on-going support and effort the Charity would not be able to continue its
important work.
How we look after ourselves
Strategy
In January 2014, our 2013-2016 strategy was refined to emphasise Helping
hearts near you. Throughout the year, reports to the Trustees gave an
update on the Charitys work and how this achieved our strategic aims.
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. During 2014, a full tender of the investment
managers function took place and, as a result, J M Finn & Co were re-
appointed for a further three years.
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.
In 2014, 50% of the No 2 Portfolio was held in cash at the year end. The
Trustees decided to retain that cash position for future immediate use.
Managing risk
The Board of Trustees fully recognises its responsibility for risk management
and the audit sub-committee is charged with identifying, assessing and
minimising the major risks, based on the Charitys 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: dependence on legacies; the economic
climate; maintaining and growing voluntary income; competition from other
charities and protecting the Charitys reputation.
An internal audit confirmed that the Charity has robust internal procedures,
systems and processes and a review of insurance provision confirmed cover
was as adequate.
Reserves policy
The Board continues to
believe that it is prudent
to maintain reserves to
cover as a minimum 18
months operating costs.
It 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 Board also recognises that
the volatility of the stock market can very quickly affect the level of reserves.
Reserve levels are reviewed every quarter.
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 the working names of HRUK and Heart
Research.
Related companies
The Charity has one wholly owned subsidiary company, Heart Research UK
Trading Ltd (No 1562684). It is currently dormant.
Public benefit
The Trustees have taken account of the guidance on public benefit issued by
The Charity Commission. This guidance on public benefit underpins the
Charitys activities across the UK. Usually, 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 project grants, scholarships and travel for
dissemination of the research results
Master Classes for young clinicians to learn new techniques,
expand their knowledge, increase their expertise and give better
care to patients
The development of rehabilitation for children after heart surgery
or with a lifelong condition
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 14 Trustees in 2014 as listed on page 1. The current Trustees
cover a wide range of experience, including business, expertise in medical
research, law, accounting, HR, marketing and investment management.
During the year two Trustees, Mrs Jean Hill and Mrs Joan Villiers BEM,
resigned. Heart Research UK would like to thank them both for their wise
counsel, stewardship and efforts on behalf of the Charity.
No trustee has any financial interest or personal beneficial interests requiring
disclosure in the Charity or in its dormant 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 and the medical liaison committee which meets
when necessary. 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 nine specialist sub-committees of the Board. Each
sub-committee reviewed its terms of reference in 2014 and places were
reallocated amongst 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
Translational Research Medical Review Panel (TRMRP)
Reviews Translational Research Grant applications, reports and
grant making process
Novel & Emerging Technologies Medical Panel
(NETMRP)
Reviews novel & emerging technologies grant applications, reports and
grant making process
Healthy Hearts Grant (HHG)
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
meetings where the conflict of interest arises and when changes occur.
Interests and gifts are recorded on the Charitys 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 Charitys 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.
MBA Project
Students from Leeds Metropolitan University studied HRUK to explore
options for an organisation strategy for Heart Research UK, through
examining their internal capabilities. This project analysed the internal
environment at Heart Research UK: organisational structure, organisational
culture, internal communication, leadership, change management, and staff
development to describe the state of the organisation at that time. The
report showed that HRUK was a well-run, structured organisation with
sound systems and processes with a good, working culture. Any specific
recommendations and learnings would be used in the future to improve the
Charitys impact and performance.
President, Patrons and Vice-Presidents
Mr Keith Loudon, former Chairman of the Board of Trustees, has been
President since January 2013. We were very proud when Mr Loudon was
awarded an OBE in the New Years Honours List for services to business
and the community of Leeds.
We have five Patrons and two Vice Presidents who have been able
ambassadors for HRUK, helping with fundraising, events and raising
awareness.
Staff and volunteers
The average number of staff employed during the year was 20. The
personnel committee maintains an overview of staffing levels, remuneration
and job responsibilities across the Charity. The Trustees are pleased to pay
tribute to the dedication of the Charitys staff and their thanks to the
increasing number of volunteers and Ambassadors who undertake a wide
range of voluntary work on behalf of the Charity, especially the equivalent
of 32 working days each week. Their dedication helps us to raise awareness
of our work, maximise income and 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 sub-committee 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, Trustees, individual staff and volunteers may undertake specific
training (internal or external) in a particular aspect of 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
In January 2014 Heart Research UK revised its strategy with the aim:
to be the UK heart Charity that leads the way helping hearts near you.
To achieve this, HRUK is striving to:
fund at least 1m of credible, high impact, cutting-edge medical
research into CVD and encourage the experts of tomorrow
raise money locally to be spent near you
increase the number of people living healthy lifestyles
raise awareness of the work of HRUK
be as efficient and cost-effective as possible
The strategy reflects our ambitions to fund pioneering medical research that
will have a lasting effect; to be a national Charity with a local focus; spread
the Healthy Heart message and to encourage individual, Trust and corporate
giving by making our activities more widely-known. Importantly, it also
consolidates our successes and will make the most of the opportunities that
present themselves in the next three years.
Auditors
The auditors Thomas Coombs will be proposed for re-appointment at the
forthcoming Annual General Meeting.
Small Company
This report has been prepared in accordance with the special provisions
of part 15 of the Companies Act 2006 relating to small companies.
Approved by the Board of Trustees on 17 June 2015 and
signed on its behalf by:
Anthony Knight,
Chairman of Trustees
 Heart Research UK
Consolidated Summary Financial
Information for the year ended 31 December 2014
2014 2013
Trustees Statement
Incoming Resources The summarised financial statements above have been extracted
Donations and grants 375,449 267,555 from the full statutory financial statements, which were approved on
Sponsored events and trading income 323,069 341,560 17 June 2015 and which have been submitted to the Charity
Legacies 988,970 1,128,095 Commission and Registrar of Companies.
Investment income 165,028 179,213 The full statutory financial statements have been audited and
Total Incoming Resources 1,852,516 1,916,423 received an unqualified report from the auditors, Thomas Coombs,
who have also confirmed to the Trustees that the summarised
Resources Expended financial statements are consistent with the full statutory financial
Costs of generating funds 434,759 419,508 statements.
Charitable activities 1,548,164 1,364,466 These summarised financial statements may not contain sufficient
Governance costs 69,076 69,703 information to allow for a full understanding of the financial affairs
Total Resources Expended 2,051,999 1,853,677 of the Charity. For further information, the annual financial
statements, the auditors' report on those financial statements and
Net (Outgoing) / Incoming Resources (199,483) 62,746 the Trustees annual report should be consulted. A copy of the full
Other Recognised Gains & Losses financial statements, together with the Trustees and auditors'
Gains (losses) on investments report thereon, can be obtained from the registered office:
Realised 13,996 (63,620) Suite 12D, Joseph's Well, Leeds LS3 1AB.
Unrealised 54,430 432,466
Signed on behalf of the Trustees by A Knight: Date: 17 June 2015
Net Movement In Funds (131,057) 431,592
Balances brought forward at 1 January 2014 3,332,644 2,901,052
Balances carried forward at 31 December 2014 3,201,587 3,332,644
Independent auditors report to the
Consolidated Balance Sheet At 31 December 2014 members of Heart Research UK
We have examined the summarised financial statements for the year
Fixed Assets ended 31 December 2014.
Tangible fixed assets 13,574 13,574
Respective responsibilities of the Trustees
Investments 3,965,789 3,972,643
and the Auditors
3,980,891 3,986,217
The Trustees are responsible for preparing the summarised financial
Current Assets statements in accordance with applicable United Kingdom law and
Debtors 152,061 219,941 the recommendations of the charities SORP.
Investments 422,301 490,562
Our responsibility is to report to you our opinion on the
Deposits and cash at bank and in hand 961,255 989,679 consistency of the summarised financial statements with the full
1,535,617 1,700,182 financial statements and Trustees Annual Report.
Liabilities
We also read the other information contained in the summarised
Amounts falling due within one year (1,479,984) (1,667,673) 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.
Net Current Assets 55,633 32,509
Basis of opinion
Total Assets Less We conducted our work in accordance with Bulletin 2008/3 issued
by the Auditing Practices Board.
Current Liabilities 4,036,524 4,018,726
Opinion
Liabilities In our opinion the summarised financial statements are consistent
Amounts falling due after more than one year (834,937) (686,082) with the full annual financial statements and Trustees Annual Report
of Heart Research UK for the year ended 31 December 2014.
Net Assets 3,201,587 3,332,644
Christopher Darwin FCA (Senior Statutory Auditor)
Funds
For and on behalf of Thomas Coombs
Unrestricted - general 3,073,029 3,204,325 Chartered Accountants and Statutory Auditor
Restricted 128,558 128,319 Century House, 29 Clarendon Road, Leeds LS2 9PG
3,201,587 3,332,644 Date: 17 June 2015
Heart Research UK
The vital contribution of legacies, trusts,
foundations and memorial funds
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.

Reginald ADAMSON Joan MITCHELL We wish to acknowledge our

James Leslie ALLEN Norah MONTE gratitude to the following Trusts
and Foundations for their
Sylvia Olive ATKINS Richard John MORRIS generosity in supporting Heart
Peggy Elizabeth BAGGOTT Larraine Paula MYCROFT Research UK during 2014:
Harold Eric BARRETT Estella NEWSOME
The Dove Trust
Rita BEAUMONT Dorothy May NEWTON
Kathleen Heather BETTS Mary Campbell NORQUAY R B Gray Charitable Trust
Philip George BRIDGEMAN Kenneth PALMER The Jarman Charitable Trust
Marjorie BRIGGS Ivor Oliver John PRICE The Orr Mackintosh Foundation
(Sharegift)
Mary BROOKMAN Sheila PYGOTT
Harry BROOMHEAD Doris Elizabeth Louisa RAJDA Skills Funding Agency
Helen Donnelly CAMPBELL Jack & Lilla RANDALL N Smith Charitable Foundation
Kenneth CASS Irene Marjorie RAWLINSON
Brenda Rethe CHERRY Margaret Lavinia REES
Marion Cochrane CONNELL Adeline RILEY We wish to acknowledge our
gratitude to the organisers of the
Elizabeth Hazel COOPER Ethel SACKS
following memorial funds for
Josephine CORNISH Evelyn Mavis SCARR their generosity and hard work
David Adam DASZKIEWICZ Duncan SCOTT raising money for Heart
Mrs M A DONO Sheila Elizabeth SHEWRY Research UK during 2014:

Elsie Rebecca FRANCIS Doris Edna SHIPWAY The Nick Bill Memorial Fund
John S FRIIS Kenneth Sidney SLATER
The Josh Fell Memorial Fund
Frank FURNISS Alan Walter Arthur STYLES
Ethans Gift - in memory of Ethan
Frederick George GRABY Raymond Frederick THOMAS Marshall
Simone GRIFFITH-MESTER Margaret TOCHER
The Phillip Clarke Memorial Fund
Martyne HILDITCH Herbert WALKER
Marjorie HINBEST Keith WALKER
Edna HOLMES Patricia Ann WARD
Mrs J JAMESON Lorna WARDILL
Frank JOHNS Irene Lilian WARDLE
Ann Denise LINDLEY Peter Oliver WATTS
Margaret Isobel LUCAS Robert Allan WAYTE
Joseph Zukauckas MALONE Josephine Ellen Mary WEIR
Valerie Joyce MALTBY Margaret Irene WILDE
Robert Malcolm MCKENZIE John Noctor WILLIAMS
Marion MIDDLEBROOK Mrs J M WISE
Ethel MILLER Doris Norma WRIGHT
Alan MILWARD Constance Mary WYCHERLEY
Heart Research UK
Grants Awarded In 2014
Medical Research Grants OXFORD
John Radcliffe Hospital 93,957
BRISTOL Dr Timothy Betts - NET Grant
University Of Bristol 117,433 Left ventricular endocardial single and multi-site pacing to improve response
Prof Jules Hancox - Translational Research Grant to cardiac resynchronisation therapy
Reducing drug-induced cardiac arrhythmia risk through impairment of
drug-ion channel interactions: an attenuating effect of macrolides? University Of Oxford 148,006
Dr Enca Martin-Rendon - Translational Research Grant
Bristol Heart Institute 149,705 Exon arrays to identify novel genetic markers of cardiac mesenchymal
Prof Paolo Madeddu - Translational Research Grant stromal cell function
Unravelling the molecular mechanisms of human adventitial pericytes for
clinical translation Small awards and travel grants awarded to disseminate findings 8,500
CAMBRIDGE Grants awarded in previous years and now
University Of Cambridge 109,776 no longer required (192,790)
Prof Martin Bennett - Translational Research Grant
Combined biomechanical modelling and imaging to predict human Total Medical grants awarded
atherosclerotic plaque rupture and growth during the year 854,945

HRUK Healthy Heart Grants

BALLYMENA
Miss Deirdre McCloskey - A Walking Mans Game! 4,500
Mid and East Antrim Agewell Partnership
BIDEFORD
Mr James Lewis - Horizons Healthy Hearts 9,940
Wings South West
BELFAST
Mr Laurence Bellew - Life Guards 9,997
Willowfield Parish Community Association
BIRMINGHAM
Miss Sarah Caldwell - QAC's Three Es of Heart Health 3,018
LEEDS Queen Alexandra College
University Of Leeds 86,551 BODMIN
Prof John Greenwood - Translational Research Grant Mrs Sara Marsh - Treverbyn Hearts 4,890
Myocardial perfusion and microvascular dysfunction in stable coronary artery Treverbyn Community Hall
disease during hyperoxaemia
BOLTON
University Of Leeds LURE Scholarships Mrs Rebecca Shivji - Healthy Young Hearts 8,816
2 scholars for 2015 30,000 Bolton Lads and Girls Club
2 scholars for 2016 30,000 BRADFORD
2 scholars for 2017 30,000 Mrs Julie McCann - Healthy Heart@Cafe West 3,026
LIVERPOOL Caf West Healthy Living Centre
University Of Liverpool 24,504
Masterclass October 2014 - Masterclass
Aortic arch replacement
LONDON
Kings College London 113,260
Dr Georgina Ellison - Translational Research Grant
Effects of tyrosine kinase inhibitors on the characteristics of endogenous
cardiac stem cells from the adult human heart in vitro
Royal Brompton Hospital And
Imperial College London 106,043
Prof David Firmin - NET Grant (PhD)
High-resolution assessment of cardiac microstructure using spiral cardiac
diffusion tensor imaging
 HRUK and SUBWAY
Healthy Heart Grants
BELFAST
Mr Neil McMaster - Crusaders Pulsation 2 9,972
Crusaders Youth Academy
CHELTENHAM
Mr Oliver Roberts - Score Yourself a Healthy Heart 9,363
Cheltenham Town Community Education and Sports Trust
LANCASTER
Miss Becky Hedgcock - Healthy Young Hearts 9,268
Lancashire Association of Boys and Girls Clubs
LEEDS
Miss Trudi Hannaford - Lion Hearts 9,756
Guiseley Community Foundation
BURY LONDON
Mrs Zoe Oldham - Heart Smart 2 - Bigger, Better - Mr Sean Daly - My GOAL is a healthy heart 10,000
This Time Together 9,000 Charlton Athletic Community Trust
Jigsaw (Bury)
LOWESTOFT
COVENTRY Mr Stuart Jennings - Brighter morning, Happy Day 9,958
Mrs Christine McNaught - Foleshill Heart for the Access Community Trust
Community project 9,998
Foleshill Women's Training (FWT) Ltd INVERNESS
Mr Craig Masterton - ICT Healthy Hearts School visits 10,000
HARROGATE Inverness Caledonian Thistle Community Development Trust
Mrs Natalie Smith - Harrogate District Hearty YOU! 9,892
Harrogate Town Community CIC PLYMOUTH
Mr David Briggs - Healthy Hoops & Hearts 9,950
INVERURIE Plymouth Raiders Foundation
Mrs Sarah Bell - Healthy heart, healthy mind 4,998
Garioch Community Kitchen PORT TALBOT
Mr Lee John - Heart In Hand 8,260
LEEDS Port Talbot Town Community Sporting Ltd
Mr Dom Charkin - Heart Smart - eat and play your heart out 5,372
Zest Health for Life RAMSGATE
Mrs Natalie Glover - Healthier, Happier Hearts 10,000
LITTLEHAMPTON Thanet Community Development Trust
Miss Veronica Carver - Get Up, Stand Up 9,310
Blueprint 22 WREXHAM
Mr Lee Jones - Heart Life 7,000
LONDON The Racecourse Community Foundation
Mr Christopher Suckling - Count the Beats 9,900
Inspiring Audio Ltd
Grants awarded in previous years and now no longer required (522)
RIPLEY
Miss Tracy Litchfield - I wellbeing 4,420 Total HRUK and SUBWAY Healthy
Amber Trust Heart Grants awarded during the year 103,005
SELBY
Ms Mandy Empson - Learn by Heart School Project 7,809
Drax Power Limited
SITTINGBOURNE
Mr James Thatcher - Thanet Skip2BFit 10,000
Learn2BFit
SOUTHEND ON SEA
Mrs Debbie Brennan - SUCET in the Heart of the Community 10,000
Southend United Community and Educational Trust (SUCET)
YORK
Mr Jack Stearman - Healthy Heart - Healthy Family
Community project 9,996
York City Knights Foundation

Grants awarded in previous years and now

no longer required (22,745)

Total HRUK Healthy Heart Grants 122,137

Heart Research UK
Legal and administrative information
President Prof Jamie Jeremy* Finance Committee
Mr Keith Loudon OBE FCA MSI Dr Vas Ponnambalam* Mr Richard Brown - Chairman
Patrons Dr Matthias Schmitt* Mr Richard Hemsley
The Archbishop of York, Dr John Sentamu Prof Donald Singer* Mr Tony Kilner
Lord Bates of Langbaurgh Prof Philippa Talmud* Mr Paul Smith
Lady Macclesfield Dr Stephen Wheatcroft*
Prof Azfar Zaman* Principal officers
Mr John Bill Miss Barbara A Harpham BA (Hons)
Mrs Anne Billl Healthy Heart Grant Panel (HHGP) National Director
Past President Mrs Brenda Griffiths* - Chairman Mrs Denise Armstrong BSc (Hons)
Mr David A Watson MBE FRCS Mr Peter Braidley Assistant Director
Ms Amrit Daffu-OReilly* Mr Michael L Clark
Vice President Mr George Harpham*
Cllr Brian Cleasby Treasurer and Company Secretary
Mrs Christine Mortimer
Mr Fabian Hamilton MP Mrs Diana Oldam* Head office
Trustees Mr Paul Rogerson Suite 12D
Mr Anthony D Knight - Chairman Prof Lip Bun Tan* Josephs Well
Mr Richard J Brown FCA - Vice-Chairman Mr Kevin Watterson Leeds LS3 1AB

Mr Peter C Braidley MBBS FRCS(Eng) FRCS(CTh) Tel: 0113 234 7474

Dr Catherine J Dickinson MA PhD FRCP
Other committees Fax: 0113 297 6208
Dr David F Dickinson MB ChB DCH FRCP General Purposes Committee Regional office
Mr Richard C Hemsley MA FCA Mrs Heather Stewart - Chairman 4th Floor Newland House
Mr Anthony R Kilner Mr Peter Braidley 137-139 Hagley Road
Mr Keith Loudon OBE FCA MSI Mr Richard Brown Edgbaston
Mrs Christine Mortimer Dr David Dickinson Birmingham B16 8UA
Mr Anthony G Oxley MSI Mr Tony Knight Tel: 0121 454 1799
Mr Paul W Rogerson CBE DL Mr Keith Loudon
Mr Paul Smith MSI Mr Kevin Watterson
Independent auditors
Mrs Heather M Stewart PhD MBA Solicitor Thomas Coombs
Mr Kevin G Watterson MB BS FRACS Medical Liaison Committee Chartered Accountants and
Mrs Heather Stewart - Chairman Registered Auditors
Specialist sub-committee membership Mr Peter Braidley Century House
as at 31 December 2014: Dr Catherine Dickinson 29 Clarendon Road
Prof Jonathon Gibbins* Leeds LS2 9PG
Medical Research Panels (MRP) Mrs Christine Mortimer
Bankers
Prof Khalid Naseem*
Novel and Emerging Technologies (NET) Barclays Bank Plc
Prof Jonathon Gibbins* - Chairman Audit Committee Barclays Business Centre
Dr Chris McCormick* - Vice Chairman Mr Tony Kilner - Chairman PO Box 100
Prof Terence Gourlay* Ms Rachel Banfield* Albion Street
Prof Eileen Ingham* (Resigned November 2014) Mr Richard Brown Leeds LS1 1PA
Prof Keith Oldroyd* Mr Paul Rogerson Stockbrokers and
Prof Alexander Seifalian* Investment Committee Investment Managers
Prof Richard Underwood* Mr Tony Oxley - Chairman J M Finn & Co Ltd
Mr Ravi Vohra* Mr Richard Brown 4 Coleman Street
Translational Research Projects (TRP) Mr Richard Hemsley London EC2R 5TA
Prof Giovanni Mann* - Chairman Mr Tony Knight Solicitors
Prof Khalid Naseem* - Vice Chairman Mr Paul Smith DWF LLP
Mr Peter Braidley Mr Kevin Watterson Bridgewater Place
Prof Ann Canfield* Personnel Committee Water Lane
Dr Rachel Clough* Mr Tony Knight - Chairman Leeds LS11 5DY
Prof Sheila Francis* Mr Richard Brown
Dr Anne Graham* Mr Paul Rogerson
Dr Mark Harbinson* Mrs Heather Stewart (* Non-trustee)

Heart Research UK
Suite 12D, Josephs 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, Josephs Well, Leeds LS3 1AB
Company limited by guarantee No. 3026813. Registered in England