BRITISH HEART FOUNDATION
Charity overview
Activities - how the charity spends its money
The BHF is the UK's largest independent funder of cardiovascular research in the UK. For over 60 years BHF has pioneered life-saving research that has helped halve the number of deaths from heart and circulatory disease in the UK. BHF also helps provide vital support and information for the 7.4m people living in the UK with heart and circulatory disease.
Income and expenditure
Data for financial year ending 31 March 2023
Total income:
£381,300,000
| Donations and legacies | £142.20m | |
| Charitable activities | £3.70m | |
| Other trading activities | £229.40m | |
| Investments | £5.90m | |
| Other | £100.00k |
Total expenditure:
£370,100,000
| Raising funds | £33.00m | |
| Charitable activities | £133.10m | |
| Other | £204.00m |
-£3,300,000 investments gains (losses)
Total income includes £3,700,000 from 1 government grant(s)
Charitable expenditure
Charitable expenditure with investment gains
Charitable expenditure
Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.
In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.
Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.
By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.
| Income generation and governance | £237.00m | |
| Charitable expenditure | £133.10m | |
| Retained for future use | £11.20m |
People
4191 Employee(s)
11 Trustee(s)
13900 Volunteer(s)
Employees with total benefits over £60,000
| Number of employees | |
|---|---|
| £60k to £70k | 52 |
| £70k to £80k | 26 |
| £80k to £90k | 13 |
| £90k to £100k | 15 |
| £100k to £110k | 1 |
| £110k to £120k | 1 |
| £130k to £140k | 2 |
| £140k to £150k | 1 |
| £150k to £200k | 3 |
| £200k to £250k | 1 |
Fundraising
Trading
Trustee payments
What, who, how, where
- The Advancement Of Health Or Saving Of Lives
- The General Public/mankind
- Makes Grants To Organisations
- Provides Services
- Provides Advocacy/advice/information
- Sponsors Or Undertakes Research
- Other Charitable Activities
- Throughout England And Wales
- Isle Of Man
- Northern Ireland
- Scotland
Governance
- 26 March 1963: Standard registration
- 12 December 2012: Funds received from 1006714 NO SMOKING DAY
- 05 November 2014: Funds received from 1093520 THE JOHN NICKOLS FOUNDATION
- 12 December 2016: Funds received from 1117823 MARGARET ELUNED JAMES CHARITABLE TRUST
- 03 January 2018: Funds received from 1058953 INNER WHEEL CLUB OF ROSS-ON-WYE
- 31 January 2018: Funds received from 1061461 DAISY CHAIN NURSERY SCHOOL
- 15 May 2019: Funds received from 802039 THE DOMINIC KING FUND
- 20 October 2020: Funds received from 1080493 THE BASIL LARSEN 1999 CHARITABLE TRUST
- 04 February 2021: Funds received from 1062189 SOCIETY OF FRIENDS OF ST PAUL'S MEDICAL CENTRE
- 29 November 2021: Funds received from 1048746 WATFORD HEART SUPPORT GROUP
- 12 August 2022: Funds received from 1035923 ROTARY CLUB OF SEAHOUSES AND DISTRICT CHARITABLE T...
- 25 October 2022: Funds received from 1115636 THE DRAYTON AND FARLINGTON ACTION GROUP
- 19 January 2023: Funds received from 1144451 BASILDON & DISTRICT HEART SUPPORT GROUP
- 24 February 2023: Funds received from 507238 THE PENTECOSTAL EVENTIDE TRUST
- 22 August 2023: Funds received from 1171727 GOLDEN YEARS LUNCH AND SOCIAL CLUB
- 20 February 2024: Funds received from 1148288 CIARANS CAUSE
- 03 April 2024: Funds received from 271489 THE BARBIROLLI SOCIETY
- 14 May 2024: Funds received from 282684 UNITED KINGDOM FEDERATION OF JAZZ BANDS
- BHF (Working name)
- THE HEART FOUNDATION (Working name)
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Trustees
Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service
11 Trustee(s)
| Name | Role | Date of appointment | Other trusteeships | Reporting status of other trusteeships | ||||
|---|---|---|---|---|---|---|---|---|
| Karen Frank | Chair | 08 October 2019 |
|
|
||||
| Sharron Pamplin | Trustee | 13 December 2023 |
|
|||||
| David Boynton | Trustee | 13 December 2023 |
|
|
||||
| Professor Ismaa Sadaf Farooqi | Trustee | 20 October 2022 |
|
|||||
| Professor Brian Robert Walker | Trustee | 20 October 2022 |
|
|
||||
| Dr Annalisa Jenkins | Trustee | 12 October 2021 |
|
|
||||
| Mark FitzPatrick CA | Trustee | 06 October 2020 |
|
|
||||
| Professor Sir Munir Pirmohamed | Trustee | 06 October 2020 |
|
|
||||
| TIMOTHY HOWE | Trustee | 16 October 2018 |
|
|
||||
| Dr Sarah Catherine Clarke | Trustee | 16 October 2018 |
|
|
||||
| Professor David Lomas | Trustee | 01 November 2016 |
|
|
||||
Financial history
Financial period end date
| Income / Expenditure | 31/03/2019 | 31/03/2020 | 31/03/2021 | 31/03/2022 | 31/03/2023 | ||
|---|---|---|---|---|---|---|---|
|
|
Total gross income | £338.00m | £336.50m | £225.30m | £351.70m | £381.30m | |
|
|
Total expenditure | £366.90m | £356.50m | £242.30m | £297.30m | £370.10m | |
|
|
Income from government contracts | N/A | N/A | N/A | N/A | N/A | |
|
|
Income from government grants | N/A | N/A | £33.40m | £1.80m | £3.70m | |
|
|
Income - Donations and legacies | £136.10m | £132.50m | £117.80m | £147.00m | £142.20m | |
|
|
Income - Other trading activities | £194.90m | £196.60m | £71.30m | £200.20m | £229.40m | |
|
|
Income - Charitable activities | £0 | £0 | £100.00k | £300.00k | £3.70m | |
|
|
Income - Endowments | £0 | £0 | £0 | £0 | £0 | |
|
|
Income - Investment | £6.90m | £6.50m | £2.70m | £2.60m | £5.90m | |
|
|
Income - Other | £100.00k | £900.00k | £33.40m | £1.60m | £100.00k | |
|
|
Income - Legacies | £84.90m | £80.80m | £77.60m | £102.60m | £95.00m | |
|
|
Expenditure - Charitable activities | £149.30m | £127.60m | £74.20m | £87.70m | £133.10m | |
|
|
Expenditure - Raising funds | £43.10m | £40.00m | £27.40m | £31.30m | £33.00m | |
|
|
Expenditure - Governance | £500.00k | £400.00k | £400.00k | £400.00k | £400.00k | |
|
|
Expenditure - Grants institution | £113.90m | £92.90m | £46.90m | £59.10m | £97.40m | |
|
|
Expenditure - Investment management | £1.30m | £1.30m | £1.00m | £1.10m | £900.00k | |
|
|
Expenditure - Other | £174.50m | £188.90m | £140.70m | £178.30m | £204.00m |
Assets and liabilities
Definitions for assets and liabilities
These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.
Long term InvestmentsInvestments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.
These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.
Defined benefit pension scheme asset or liabilityThis is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.
Total liabilitiesThese are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.
| Asset / Liability | 31/03/2019 | 31/03/2020 | 31/03/2021 | 31/03/2022 | 31/03/2023 | ||
|---|---|---|---|---|---|---|---|
|
|
Own use assets | £35.70m | £40.00m | £37.60m | £30.80m | £29.90m | |
|
|
Long-term investments | £234.20m | £189.30m | £149.40m | £158.80m | £185.80m | |
|
|
Other assets | £155.90m | £166.90m | £205.60m | £244.20m | £260.10m | |
|
|
Defined benefit pension scheme asset or liability | £0 | £0 | £0 | £0 | £0 | |
|
|
Total liabilities | £369.60m | £376.80m | £343.40m | £316.10m | £350.20m |
Accounts and annual returns
| Title | Reporting year | Date received | Received | Download |
|---|---|---|---|---|
| Annual return | 31 March 2023 | 30 January 2024 | On time | |
| Accounts and TAR | 31 March 2023 | 30 January 2024 | On time | Download Open in new window |
| Annual return | 31 March 2022 | 20 January 2023 | On time | |
| Accounts and TAR | 31 March 2022 | 20 January 2023 | On time | Download Open in new window |
| Annual return | 31 March 2021 | 19 January 2022 | On time | |
| Accounts and TAR | 31 March 2021 | 19 January 2022 | On time | Download Open in new window |
| Annual return | 31 March 2020 | 13 January 2021 | On time | |
| Accounts and TAR | 31 March 2020 | 13 January 2021 | On time | Download Open in new window |
| Annual return | 31 March 2019 | 23 October 2019 | On time | |
| Accounts and TAR | 31 March 2019 | 23 October 2019 | On time | Download Open in new window |