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HEARTBEAT NORTHWEST CARDIAC CARE

Registered charity 1168850 · accounts filings on the Charity Commission register · also known as HEARTBEAT

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Latest income
£1.1m
Latest spending
£1.0m
Registered
2016
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a surplus of £50,890 for the year ended 31 December 2024, resulting in total net assets of £469,159. Per the trustees' report, free reserves stood at £139,606, which is below the stated policy target of 26 weeks of annual operating expenditure (£512,027). The trustees consider the current level of free reserves sufficient given the strength of the balance sheet and stable cash flows, with a target to rebuild reserves to the policy level.

What the accounts disclose

Reserves policy: 26 weeks of annual operating expenditure (held: £140k)
“Our policy is to maintain reserves at a level equivalent to 26 weeks of annual operating expenditure, which currently equates to £512,027” — page 23
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Azets Audit Services. Discloses 5 of 6 completeness components.

Public fundraising profile: JustGiving — Heartbeat (matched by registered charity number).

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.1m
Total spending
£1.0m
Cost of raising funds
£141k
Reserves (reported)
£140k
Employees
23

Reported reserves equal ~1.6 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England

Income and spending

Financial year endIncomeSpending
31/12/2024£1.1m£1.0m
31/12/2023£840k£1.0m
31/12/2022£874k£1.0m
31/12/2021£975k£900k
31/12/2020£1.1m£897k

Common questions

Is HEARTBEAT NORTHWEST CARDIAC CARE financially healthy?

The accounts state that the charity reported a surplus of £50,890 for the year ended 31 December 2024, resulting in total net assets of £469,159. Per the trustees' report, free reserves stood at £139,606, which is below the stated policy target of 26 weeks of annual operating expenditure (£512,027). The trustees consider the current level of free reserves sufficient given the strength of the balance sheet and stable cash flows, with a target to rebuild reserves to the policy level. Its FY2024 accounts were audited by Azets Audit Services.