THE BRITISH SOCIETY FOR HEART FAILURE
Financial health, per its FY2025 accounts
The accounts state that the group reported a net deficit of £245,462 for the year ended 31 May 2025, resulting in a decrease in total net assets to £568,353. Per the trustees' report, unrestricted free reserves stood at £479,330, which is above the stated policy target of £450,000. The trustees confirmed that the charity holds sufficient resources to meet liabilities as they fall due and continue operations for at least twelve months.
What the accounts disclose
“2 employees (2024: 2) received over £60,000 in the year in the following bandings.” — page 26
“Agreement under a Deed of Covenant arrangement to transfer the taxable profits of BSH Services Limited £316,795 (2024: £457,989) in full within 9 months of the financial year end of the Charity.” — page 30
“BSH has a wholly owned trading subsidiary, BSH Services Limited (Company Number: 12582222), which commenced trading on 1 June 2020 to manage its educational and scientific meetings and initiatives as well as any commercial opportunities that arise.” — page 5
Structured financials (annual return, FY ending 31/05/2025)
Trustees
- Lisa Andersonchair
- Brian Patrick Halliday
- Carys Barton
- Dr Carol Whelan
- Eebin Khoo
- Geraint Huw Jenkins
- Hannah Catherine De la Salle
- Patricia Martina Campbell
- Rebecca Louise Hyland
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £1.1m | £1.3m |
| 31/05/2024 | £1.2m | £1.1m |
| 31/05/2023 | £1.6m | £1.2m |
| 31/05/2022 | £1.2m | £1.2m |
| 31/05/2021 | £756k | £613k |
Common questions
Is THE BRITISH SOCIETY FOR HEART FAILURE financially healthy?
The accounts state that the group reported a net deficit of £245,462 for the year ended 31 May 2025, resulting in a decrease in total net assets to £568,353. Per the trustees' report, unrestricted free reserves stood at £479,330, which is above the stated policy target of £450,000. The trustees confirmed that the charity holds sufficient resources to meet liabilities as they fall due and continue operations for at least twelve months. Its FY2025 accounts were audited by UHY Ross Brooke.