Heart Research UK

TRUSTEES REPORT +
FINANCIAL STATEMENTS
For the year ended 31 December 2015
Heart Research UK is a visionary charity that leads the way funding ground breaking,
innovative medical research projects at the cutting edge of science helping with
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 Heart Research UK
our Chairman TRUSTEES
As we approach our 50th
anniversary, Heart Research UK
has continued to make steady OBJECTIVES OF
progress. We are funding 28 HEART RESEARCH UK
medical research projects in the promotion and furtherance of medical research into the
19 centres across the UK; five prevention, treatment and cure of heart disease and related
conditions including practical help with the prevention and
more than last year, giving a treatment and the rehabilitation of those with such diseases.
wider geographical spread.
Our Masterclass gave ten young consultants
the opportunity to learn from experts from
ACHIEVING OUR
the Liverpool Heart and Chest Hospital and CHARITABLE OBJECTIVES
take back expertise in major aortic surgery Helping hearts with pioneering medical research and building expertise
Anthony Knight to other UK hospitals. One senior trainee
Chairman of the will start an Aortic Surgery Fellowship in
Board of Trustees Liverpool in 2016.
TRP grants 454K
The Charitys aspiration to give children either, with congenital heart
problems or following surgery, the chance to keep their hearts healthy GRANT NET grants 184K
became a reality with the final touches having been put to the toolkit
piloted at paediatric heart centres in 2015. The next step will be a PROGRAMME Trustee discretionary grants 50K
Masterclass in exercise prescription. AWARDS Masterclass 25K

Our two largest corporate supporters hit records. Subway, for 858K Aortic Surgery Fellowship 100K
the second year running, donated their highest amount and paid for Childrens Exercise prescription 45k
13 local community grants. DS Smith UK Packaging had nationwide
coverage with their sites taking the Healthy Heart Mark, demonstrating
how seriously the company takes their employees health as well as
safety. HRUK, using the monies raised by both companies, have Heart Research UKs 2015 medical research grant programme fulfilled
funded Healthy Heart activities in communities near their stores the objectives set out in the medical research strategy to:
and sites and helped people live healthier, happier, longer lives.
offer attractive, innovative opportunities
Heart Research UK prides itself on fundraising ethically. We raise and fill gaps in medical research funding
spend our funds solely in the UK; receive no government grants and provide the highest impact
we are one of the few national charities based outside of London. The give value for money
Charity has never and will never knock on doors, stop people in the
street or ring to ask for donations, unless it has permission. The
enhance the Charitys existing good reputation and successes

Charity always approaches people personally and does not use Medical Research grants:
fundraising third parties. We treat people how we would like to be 28 projects at 19 locations across the UK
treated ourselves. HRUK identifies and funds highly regarded pioneering medical research
in the field of heart disease. Grants are awarded following rigorous, gold-
Thanks to advances in treatment, helped by medical research by standard scientific review which ensures that the Charity only funds the
charities like HRUK, more and more people cope with heart disease best research projects in hospitals and universities across the UK which
every day. Our preventative and educational activities help all ages; can last for up to three years.
communities; men and women understand the benefits of living a
heart healthy lifestyle. There are, still, high risk groups, with the The Charity has two grant rounds: the 250k Novel and Emerging
inability or lack of willingness to change and lead healthier lifestyles, Technologies (NET) grant and 150k Translational Research Project
who need help and our activities are guided by these facts; our aims (TRP) grants which always attract high standard applications.
and objectives and public benefit.
Medical research grants awarded in 2015
We pay for pioneering medical research and unique Healthy Heart
Grants; educate the experts of tomorrow and give youngsters the help Novel & Emerging 45 outline, 15 full
they need to keep their hearts healthy in centres across the UK, living Technologies applications Prof Andr Ng, University of Leicester
up to our aim raised by you, spent near you. All this clearly Grant (NET) 1 award: 184k
demonstrates benefit to the current and future wellbeing and good Dr Nicolette Bishop, Loughborough
health of the general public. The full impact of these benefits may not University and University Hospitals
be known for some years, but the furtherance of scientific knowledge Translational
of Leicester NHS
and clinical practice is on-going and of current value. 19 applications Prof Annette Graham, Glasgow
Research
4 awards: Caledonian University
Project Grants
All our achievements in 2015 have demonstrated that we are the UKs 454k
(TRP) Dr Faisel Khan, University of Dundee
national local Charity, helping hearts near you. This would not be Prof Ken Suzuki, William Harvey
possible without our hard-working staff, along with the help of our Research Institute, London
medical researchers, community champions, Ambassadors and Mr David Barron, Birmingham Childrens
Trustees
supporters. It is their commitment and dedication that has made 2 awards: Hospital and the University of Birmingham
Discretionary
Heart Research UK the well-respected, pioneering Charity helping 50k
Awards Prof Alistair Hall, Leeds General Infirmary
hearts across the UK.
 REPORT FOR THE YEAR ENDED
31 DECEMBER 2015
Applications for medical research grants made outside of the normal
grant rounds, 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. Such applications undergo external peer review
as well as consideration by the appropriate sub-committee and internal
review from individuals on the Medical Research Panels (MRPs). This
system fulfils a need to deal with exceptional ad hoc requests and are
treated as Trustee discretionary awards.
Peer review and feedback
The Charity is very proud of its peer review process which, in 2015,
involved 121 external and 24 internal reviewers. The internal reviewers
are members of the Charitys two high-calibre, expert MRPs. Reviewers
are based worldwide and are chosen because they are respected,
notable experts in their field. Each project is normally assessed by a
minimum of three external and two internal reviewers. Also, the Charity
has a robust and successful system for giving feedback to all applicants.
HRUK is a member of the Association of Medical
Research Charities (AMRC) and its medical
research strategy, peer review and terms and
conditions conform to AMRC
recommendations. Every five years, the AMRC
carries out an audit of all members grants-
selection processes, enabling both AMRC and
members to demonstrate a commitment to the
highest standards of accountability and probity
in allocating grants for research. HRUK passed the 2015 audit and
received a certificate of best practice in medical and health research
peer review. We are indebted to all our reviewers as, without their
help, HRUK could not have such a robust and
thorough peer review system.
Researchers are required to submit annual progress reports which are
reviewed by the relevant MRP. Final reports from completed projects are
assessed by an MRP and outcomes are reported to the Board of
Trustees. Grants are paid upon receipt of an invoice from the research
institution, after 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.
Exercise prescription for children with
congenital heart disease
Heart Research UK is especially proud that its determined campaign to
encourage children born with congenital heart disease to keep their
hearts healthy with exercise has received UK-wide acclaim.
At present, adults are routinely offered advice and rehabilitation
following heart problems, children are not. The Charity has, through a
grant awarded for a Research Fellow at Exeter University, developed a
toolkit for children, their families and carers, as well as clinicians.
These toolkits provide pioneering exercise guidance for youngsters to
keep heart healthy. They also offer improved paediatric heart patient
management using an individually-tailored exercise prescription. During
2014, the Charity piloted the toolkit and prescription in Bristol, Cardiff,
Leeds, Oxford and Swansea. Feedback was analysed and
recommendations have been 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 Charitys ultimate aim is to make a childrens exercise prescription
common practice and available across the NHS in the UK.
Masterclass Delegates and Faculty, Liverpool
Unique Masterclasses helping hearts near you
HRUK Masterclasses were introduced in 2012 to give clinicians the
opportunity to learn about the best techniques and latest treatments,
for use at their own centres around the UK. A second successful Aortic
Surgery Masterclass was held at the University of Liverpool, led by the
consultant cardiac surgical team from the Liverpool Heart and Chest
Hospital.
Accredited by the Royal College of Surgeons of England, the course gave
14 consultant cardiac surgeons and senior trainees in cardiac surgery the
unique opportunity to gain hands-on experience of total aortic arch
replacement, supervised by an expert faculty. Aortic arch surgery is not
often encountered by the majority of cardiac surgeons. Patients across
the country will benefit as more surgeons gain the expertise to carry out
this lifesaving operation.
First HRUK Aortic Surgery Fellowship
For the first time, HRUK awarded a 12-month Aortic Surgery Fellowship
in Liverpool for a specialist senior trainee to learn from experienced
consultant cardiothoracic surgeons and give unparalleled experience
in different major aortic operations. Major aortic surgery is a highly
specialised and complex field. The Thoracic Aortic Service at Liverpool
Heart and Chest Hospital NHS Foundation Trust is the largest of its
kind in the UK and is renowned for its expertise in this specialist
field of surgery.
Sharing our success
It is essential for medical research findings to be published in scientific
journals so that scientific discoveries can be shared with other
researchers and advance scientific knowledge. It also gives the work
credibility and demonstrates the quality of the research. HRUK-funded
projects which ended in 2015 resulted in 31 publications in journals
including the British Medical Journal, European Journal of
Cardiothoracic Surgery, Heart, Blood, Cardiovascular Research,
Pharmacology & Therapeutics and International Journal of
Cardiovascular Imaging.
Their work may also lead to researchers presenting their findings to other
scientists at conferences internationally as well as in the UK. In 2015
there were 35 presentations by our grantholders at scientific
conferences in the UK, Austria, France, The Netherlands, Spain,
Canada and Singapore.
Helping hearts in schools, at work and in the community
Healthy Heart Grants (HHGs), 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.
Even though the messages about living a healthy lifestyle, especially HRUK / SUBWAY Healthy Heart Grants:
healthy eating, being active and not smoking are available from many 2009 - 2015 538k
sources and well-publicised, it appears that they are not having the 13 grants in 2015 totalling 110k
desired effect. 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 Scotland 40K Midlands 44K
habits and attitudes, to combat heart disease. Northern Ireland 50K East Anglia 33K
SUBWAY
Our Healthy Heart activities do not give general healthy living advice; HHGS Wales 54K London 40K
they disseminate dedicated heart advice and information that impacts 2009 -2015 North East 38K South 78K
on all ages; diverse communities; public and private workplaces and
the general public. Many of our HHGs work in partnership with other 538K North West 51K SouthWest 66K
charities and voluntary organisations, providing valuable expertise and
experience to promote our Healthy Heart message. Over 27,800 Yorkshire 44k
children have heard the Healthy Heart message during 2015 and
up to 200,000 employees were encouraged to live Healthy Heart
lifestyles in 2015. HRUK / SUBWAY Healthy Heart Grants awarded in 2015
174 applications

HELPING HEARTS Project Target group

IN THE COMMUNITY Cooking for a Healthy Heart: Llanhilleth Miners
10k Families
HEALTHY HEART GRANTS: Institute, Wales
166 in 11 years totalling 1.07m Beating Heart: The Songwriting Charity, Bristol 10k Children
12 in 2015 totalling 99k
Heartily Keen 2 Cook: Cinque Kitchen, Deal, Kent 10k Adults
Our HHGs, in all areas across the country, help communities help Young Hearts Run Free: Kids Run Free, Leamington Spa 8.1K Children
themselves to live healthier, happier and longer lives. Every age group:
Accessible Exercise for a Healthy Heart: The
men, women and children from different backgrounds, diverse 9.3K Disabled adults
Neuromuscular Centre, Winsford
communities and target groups, have benefited and the Charity is proud
of its unique, innovative, grants programme. Healthy Heart Schools Visit: Inverness Caledonia
10k Children
Thistle, Inverness
Happy, Healthy Hearts: Higham Ferrers Gateway Club,
1.5k Disabled adults
Scotland 74K Midlands 161K Northamptonshire
Calon Call: Groundwork North Wales, Wrexham 9.8k Children
Northern Ireland 32K East Anglia 15K
HRUK London 91K
Healthy Hearts, Happy Families: QPR in the Community
9.5k Families
Wales 43K Trust, W London
2006 -2015
North East 36K South 148K Cardio-Active: Colchester United Football in
1.07m North West 153K SouthWest 65K
the Community, Essex
8.5k Children

Health Drop In: Lifeline Community Action,

9.2k Adults
Yorkshire 256k Newton Aycliffe
TW Braga Healthy Heart Warriors: TW Braga, Belfast 10k Children

HRUK Healthy Heart Grants awarded in 2015 245 applications Sova Love Hearts: SOVA, Sheffield 4.5k Youths

Project Target group

Environmental Health Prompts: CP Active, Harrogate 10k General population HELPING HEARTS SPORTS CLUBS
Many HHGs are delivered through sports clubs Charitable Foundations
Team Healthy Heart: Achievement Through
9.2k Youths
Football, Southend on Sea Blackburn Rovers Community Trust | Colchester United Football in the
Community | Inverness Caledonian Thistle Community Development
Heart of Gold: Leeds Rhinos Foundation, Leeds 10k Children
Trust | Leeds Rhinos Foundation | QPR in the Community Trust |
Healthy Hearts Young Carers: Carers Trust 4all, Warrington Wolves Charitable Foundation
9.4k Children
Congleton
Information and advice
Young@heart: Freestyle Urban Soccer, Chorley 9.7k Children
The Charity has videos on diet and the heart, exercise and the heart and
Match Fit: Links Park Community Trust, Montrose 7.3k Children smoking and the heart, all available on YouTube. HRUKs Healthy Heart
lifestyle leaflets on the heart and blood pressure, fats, exercise, healthy
Captain Heart and the BDS Squad:
5k Children eating, cholesterol, women, stress, diabetes, dental health, smoking and
BDS Training Ltd, Skelmersdale
a leaflet for South Asians,have been widely distributed and are on our
Deaf/disabled website, www.heartresearch.org.uk.
Access Heart Ability: Access Ability CIC, Blackburn 8.5k
adults
HGV MOT: Healthy Living Centre, Dartford 5k HGV Drivers HELPING HEARTS AT WORK
Get your heart in gear: Life Cycle UK, Bristol 6.7k Adults Healthy Heart Mark:
15 employers across 36 sites
Happy Hearts: Warrington Wolves, Warrington 8.5k Children The Charitys Healthy Heart Mark is
Heart of the Game: Blackburn Rovers, Blackburn 10k Children an increasingly popular, recognised
programme for companies to
As an example, the innovative HHG to tackle heart disease, encourage their employees to live a
Environmental Health Prompts, awarded to CP Active, based in Healthy Heart lifestyle, starting with
Harrogate, will deliver short, subliminal messages to up to 400,000 changes at work. Twenty companies
people around Kirklees. Digital screens, posters and banners on achieved their bronze award and
transport networks and public buildings such as schools and 11 their silver. DS Smith, Belper - Helping Hearts
supermarkets will target the community in ways that are relevant to the
demographics of the town and visually prompt the public to do more to We gave 1,440 individual Healthy Heart checks to employees, as well as
improve their health. specialist sessions and talks, quit smoking events and healthy eating
workshops across the UK. As an example, DS Smith UK Packaging, the
international packaging company, emphasised health as well as safety
for their employees giving their sites across the UK the opportunity to
take part in the Healthy Heart Mark. The challenge was taken up by 21
sites in 2015, bringing the total to 31 taking part over two years.
HELPING HEARTS AT SCHOOL
School talks: 112 talks to 6,102 pupils at 52 schools
All the Charitys school talks in 2015 were funded by three of our
corporate partners.
Partner Talks No of pupils
Simplyhealth 87 5,240
Drax Power Station 12 454
DS Smith UK Packaging 6 408
During a talk funded by DS Smith UK Packaging, the 10,000th pupil
heard the Healthy Heart
message since the start of the
corporate-funded schools
programme in 2014.
Brownie badge
There were 3,400 Brownies from
143 Brownie packs who worked
to gain their Healthy Heart
badge, bringing the total since
2007 to 40,900 Brownies in
1,743 packs across the UK. Sheffield Brownies
RAISING AWARENESS
OF HEART RESEARCH UK
Over 655k worth of coverage
117,000 website visits | 27,000 direct | 90,000
indirect | 76% new visitors | 250,000 page views |
Daily Mirror Website of the Week
7,100 Twitter followers | 6,430 Facebook likes | One
post reached 13,000 | Aortic Dissection Facebook
group
334 press releases | 968 articles in 760 publications
| 25 national publications | 38 national articles | 930
regional articles | 267 online mentions | 36 radio
interviews | 10 TV appearances | Healthy Tips: 295
times in 83 publications
Further progress was made in 2015 raising Heart Research UKs Helping
hearts near you emphasis, particularly using different communication
methods. Social media figures and reach increased substantially up
60% on Facebook and 15% on Twitter and helped to drive traffic to the
website, with more page views and an increase in the story count
showing the breadth of the Charitys work. Blogs appeared for the first
time along with downloadable recipes.
Heart Research UK has built more relationships with local, London and
national media who now contact the Charity more often for comments,
articles and case studies with big increases in the number of published
articles. This is also the case in Scotland and Northern Ireland.
The Charity commented on running health stories as diverse as smoking
in public places and in cars and topics like the need for more donor
hearts. Following a story about charities cold calling activities, the HRUK
National Director gave a robust defence of the many smaller charities
that never cold call or approach people in the street, unlike larger,
household name charities. An article demonstrating HRUK medical
researchs impact resulted in a full-page piece in the My Operation
section in the Daily Mail and in media in Oxford and Poole. The story told
how David Richer, who couldnt walk even 20 yards without stopping and
found it difficult to sleep, had his life changed, thanks to a pacemaker
resynchronisation technique developed by a HRUK-funded team at
Oxford Heart Centre at the John Radcliffe Hospital.
NATIONAL COVERAGE
103 The Eye | Anglia TV | Banffshire Journal | BCB Radio | Belfast Telegraph
| Central TV | The Catholic Times | Choice | Church Times | Daily Mail | Daily
Mirror | Glasgow Times | Hartlepool Mail | High Notes | Holderness Gazette
| London Now Radio | My Weekly | Nursing Standard | OK! Magazine | Radio 5
Live | Reading Midweek | Sparks FM | Stray FM | Tyne Tees TV | The Universe
| The War Cry | Womans Weekly | York Press | Yorkshire Evening Post
| Yorkshire TV | + 14 BBC local radio stations across the UK
HRUK Ambassadors
Celebrity Ambassadors helped the Charity promote various campaigns
or to highlight stories. Former world champion boxer, Paul Silky Jones,
led a boxercise session during National Obesity Awareness Week and
Rugby League stars, Adrian Purtell and Willie Poching, supported the first
Leeds Corporate Walk.
ITV morning show cook, Sally Bee,
who became a Heart Research UK
Ambassador after surviving three
heart attacks, featured in a
volunteer campaign as well as
presenting the prizes at the DS
Smith UK Packaging summer
football tournament. Sally also
helped to secure celebrity
presenter, Lorraine Kelly, and
singer, Brian McFadden, to record
videos for the Sing for Your Heart
campaign which also featured
X-Factor finalists, Chloe Jasmine
and Steve Richie. TV cook Sally Bee
Pulse magazine
HRUKs magazine, Pulse, was sent to 40,000 supporters, researchers,
hospitals, rehabilitation centres, companies and health-related public
bodies. A monthly e-newsletter will be launched in 2016 as a more widely
distributed update on the Charitys activities.
WORKING WITH OTHERS
Corporate partnerships
HRUK has a policy of not endorsing products, but the Charity does give
support to initiatives that increase its national awareness and profile and
promote heart health. Before any partnership is considered, it is
assessed against a protocol for partnerships that looks at the feasibility,
risks and compatibility with HRUK objectives and suitability to ensure
that there is no detrimental effect to our reputation or fundraising
potential. Robust risk assessment ensures that only suitable and best
value partnerships for the Charity are established. Agreements are only
entered into after in-depth negotiations to make sure both parties aims
are compatible, complementary and there is true mutual benefit. This
ensures transparency and integrity in all partnerships.
Subway Helping Hearts Family 5K Manchester
The Charitys most rewarding partnership with SUBWAY stores,
supports consumers choice of a low fat sub, as a healthier option in
their stores. This well-crafted partnership ensures transparency and
integrity as all money raised by SUBWAY stores staff and sponsorship
from participants in family 5km fun runs is spent on local community
Healthy Heart Grants. There were 13 HRUK/ SUBWAY Healthy Heart
Grants in 2015, bringing their total to 64 since the grant programme began.
Before launching into the market in late 2014, the manufacturers of
Mums Masala curry base worked with HRUK to perfect its labelling and
HOW WE RAISED MONEY
Raised by you, spent near you
nutritional credentials. With the more international taste in foods, it is
recognised that curries are part of a staple diet and the Charity was
happy to team up with a company that offered the choice of a healthier Raising a
option in local shops nationwide. The company encouraged people to 6,437 39 total of over
live healthier, happier longer lives by making a donation of 1p to HRUK individuals companies
657k

per jar sold. supported
us in 2015
Simplyhealth, Drax Power Limited and
DS Smith UK Packaging continued to Set out below is detailed information on the various categories of
help the Charity to develop and voluntary income, excluding legacies.
deliver novel, bespoke presentations
in schools. Donations
General donations, which cannot be allocated to specific appeals or
Beaverbrooks the Jewellers has campaigns, doubled to 16,417, not including an ad hoc, anonymous
supported HRUKs Treasure Your 100,000 donation received in 2014.
Heart (TYH) collections for over 17
years, encouraging its staff to support Monthly donations and donations in lieu of flowers stayed at about the
the campaign as well as distributing same level as in 2014 at 15k and 21k respectively. Donations in
TYH envelopes and designating their memory, which are often made up from funeral collections or in lieu of
stores as collection points flower donations, have raised 90k in the last 5 years.
nationwide.
In Memory Funds are set up by relatives and friends following the death
Elonex, a digital advertising company Beaverbrooks Treasure Your of a loved one and can last for many years. They can start with an initial
Heart Appeal
and a Midlands office supporter, gave donation in lieu of flowers or a specific event which is then added up to
HRUK free space promoting the Charity which was seen by millions of give a larger fund. The Nick Bill In Memory Fund has been holding events
motorists and the public on the A38 in Birmingham. for over seven years. Ethans Gift in Birmingham, established five years
ago in memory of three-year-old Ethan Marshall, helps to fund projects
Other charities and organisations at Birmingham Childrens Hospital. In 2015, the families of Lee David
HRUK is privileged to have a working relationship with The Fishmongers Rawlings, John Sims and Mick Grainger joined the list of those who
Company, one of the Twelve Great Livery Companies of the City of remember their loved one in this special way.
London and among the most ancient of the City Guilds.
Events
The Charity was also a chosen charity partner with National Obesity Week Events did very well in 2015, in particular, Sing for Your Heart which had
and supported Consensus Action on Salt and Health (CASH) at their one of its most profitable years since it started in 2007. The London
National Salt Awareness Week. HRUK was delighted to be, once again, the Marathon did exceptionally well, up by 43k, with most runners so
lead Charity of The National Obesity Awareness Campaign and, as one of committed that they raised much more than the minimum target.
the founding charity partners of Action on Sugar, members of our Victoria Anderson raised a staggering 9k, one of the highest individual
Lifestyle team attended their first Parliamentary reception. amounts ever, spurred on in memory of her late father.

Medical Technology Group A highlight of 2015 were new events as diverse as skydiving from 12,000
HRUKs National Director, Barbara Harpham, continues to generate feet to swimming the channel in your local pool with 5k coming from
interest in the Charity through her Chairmanship of the Medical these new challenging events.
Technology Group, a coalition of patient groups, research organisations,
medical device manufacturers and clinicians set up to promote the
uptake of medical technology. It is seen as an expert group, is often
asked for comment by national media and specialist publications, runs
campaigns on specific topics and regularly engages with
Parliamentarians, the NHS and clinicians. The highlight of the year was
the Medical Technology Week with a Parliamentary reception in the
House of Commons, with MPs, Lords and representatives from the NHS,
charities and other health organisations, chaired by HRUKs National
Director. This role has brought recognition and kudos to the work of
HRUK, especially our research with medical devices.

Most HRUK partners have been associated with the Charity for a number
of years reflecting mutual loyalty, responsiveness and enthusiasm for
the Charitys brand. HRUKs thanks go to all these organisations and
many others for their support.

LIFESTYLE FACTS Victoria Anderson at the Virgin London Marathon 2015

Nearly 30% of adults in the UK
have high blood pressure and 50%
are not receiving treatment
Over half of adults in the UK have
elevated blood cholesterol levels
Nearly one in five adults, up to 10
million, smoke cigarettes in the UK
Around 100,000 smokers in the UK
die from smoking-related causes
each year, 22,000 from
cardiovascular disease
Around 25% of adults in the UK are
obese and more than a third are
overweight (using BMI)
An estimated 30% of children in
the UK are overweight or obese
An estimated 2 out of 5 adults in
the UK do not do recommended
levels of physical activity
Only 25% of UK adults and 20%
children eat five portions of
fruit/vegetables per day
Over 25% of women in the UK
regularly exceed national
guidelines for daily alcohol intake
Outdoor air pollution has an effect
equivalent to tens of thousands of
premature deaths in the UK each
year, with a significant impact on
cardiovascular health
Local Events
All over the UK, supporters organise events and collections of their own
and choose HRUK as the charity to benefit. These range from a local
plant stall to a bike ride in India, when David Robertson cycled 470km
over six days through Rajasthan, raising over 1,500. Carl Mynott took on
a series of self-named mid-life crisis events including a solo coast to
coast crossing of the Scottish Highlands on foot and 10 nights wild
camping, raising 728. A national cryptic postal quiz run by Rainbow
Quizzes raised a massive 11k.
Special mention must be made of the Great Yorkshire Bike Ride which
has grown massively over the last twenty years. In 2015, the ride donated
15.6k to HRUK, bringing their grand total to over 250k.
Thank you for Helping hearts near you Midlands regional office
Unlike some charities, HRUK does not receive government funding. All The Midlands area is a particular target for the Charity because of a high
fundraising depends on individuals, Trusts and companies who choose incidence of heart disease, its diverse communities, a history of HRUK
Heart Research UK as their charity. The number of supporters grows projects at universities and hospitals in the area and the potential for
each year, helped particularly in 2015 by the Charitys emphasis on growth. HRUKs regional office in Birmingham has had another good year,
raised near you, spent near you and the Charity very much appreciates raising over 86k. True to the raised by you, spent near you emphasis,
everyones contribution to its success. Choosing Heart Research UK money raised in the Midlands is spent there, particularly, on a special
ensures that it continues to help people live healthier, happier and longer project at the Birmingham Children`s hospital to study exercise capacity
lives. and cardiovascular function in children born with only one ventricle in
the heart.
Company giving: 39 businesses raising 258k
Businesses choose to support HRUK for many reasons but mainly In 2015, the Charitys regional office built on previous successes and
because its partnerships can be tailored to suit the business size and obtained a number of new corporate supporters and individuals raising
culture. It offers a Healthy Heart partnership which actively helps to money for Heart Research UK in the Midlands.
increase heart health, decrease stress and encourage greater
productivity or, simply, that there is overwhelming support for the The adi Group announced
Charitys work. their choice of HRUK as their
charity partner at their 25th
In 2015 we saw new corporate support from a variety of companies anniversary celebration and
helping the Charity in different ways from social media campaigns to raised 5k at the event. The
challenge events. British Seniors social media campaign on Britains DS Smith UK Packaging site at
favourite heart healthy recipes raised 5k and Blacks Solicitors, in the Wellingborough ran the DS
first year of their partnership, entered a team for the Three Peaks who Smith UK Packaging Healthy
donated 3k. Heart Cup Tournament where
teams from across the
All the Charitys long-term partners continue to be a significant and country played six-a-side
reliable source of income for HRUK. Caravanguards 1 donation from all football matches, raising
paperless policies amounted to 12k in 2015, bringing their total since 4.5k. EVK, Derby, exceeded
2008 to 32k. DS Smith UK Packaging sites began supporting HRUK their expectations and raised
financially in 2015 and donated 5k for a series of school talks. 4.2k at their first event for
HRUK. Another new area for
Heart Research UK held its first Corporate Healthy Heart Walk in Leeds fundraising was from dormant
city centre this year. It attracted businesses of all types and sizes who client accounts which raised
went on to support the Charity further as well as encouraging employees 7k from three law firms,
to reclaim their lunch break and to use it as an opportunity to exercise Wilson Browne,
and de-stress. The Charity is looking forward to a series of Healthy Heart Northampton, Broom Hall &
Walks UK-wide in 2016. Co, Birmingham and Quality
Solicitors Davisons in The DS Smith Healthy Heart Cup -
Wellingborough
Subway: Record 150k donation In 2015 Edgbaston.
180K The Midlands regional team held over 25 successful events, alongside
Subway Donations 2009 - 2015 83K
160K 73K those organised by supporters in the region including The Soroptomist
Total raised: 729k 82K Society of Central Birmingham; Birmingham Patrons Club and the Castle
140K 49K Bromwich Singers.

120K Anne Grainger organised her own events in 2015 and raised 13k for The
86K 64K Mick Grainger In Memory Fund, set up to remember her husband who
100K 90K 90K 90K 4K 18K died following a heart transplant at the Queen Elizabeth Hospital,
Birmingham. Long-time, dedicated supporter, Barry Sawbridge, sadly
80K died in 2015 from heart problems. His family are extremely proud of all
60K his efforts for Heart Research UK in past years and are continuing his
work by raising money for an In Memory Fund to support work in the
40K Leicestershire area.

20K Stalwart supporters, such a

Waitrose in Edgbaston and
0K
Solihull, continue to donate
2009 2010 2011 2012 2013 2014 2015
by choosing HRUK 20 times
Subway Stores Subway Helping Hearts Family 5K series in recent years as one of
their charities of the month
HRUKs partnership with Subway is, financially, the most successful and encouraging shoppers
but we also acknowledge that support from all corporate partners to donate at Christmas and
is invaluable. Heart Research UK thanks them for choosing the Easter. The total for 2015
Charity and the encouragement they give through their donations came to 3k. Pacific
and gifts in kind. Nurseries hosted a
Christmas Grotto and
Brindleyplace completed
HELPING HEART COMPANIES their second year of support
with a Christmas Concert.
Waitrose bag packing - Birmingham
adi Group | Approach PR | Arkade Property | Asda | Barclays | Badrilla
| Blacks Solicitors | Brindleyplace | British Seniors | Caravan Guard |
Gifts in kind: 21.5k
Clubit tv | Co-op | Damart | DS Smith UK Packaging | Easy Fundraising The Midlands office is especially grateful to the many companies that
Group | ECS | Emerald Publishing | Hornsea Freeport | Lloyds | have given gifts in kind to help with charitable events auctions, hampers
Longdens | LV | Micro Businesses | Mums Masala | Nationwide Building and raffles throughout the year. A special thanks to the many companies
Society | NAVA Training | NCP | NISA | Pacific Nurseries | Piccolinos | which included Aylesford Golf Course, Bank Restaurant, Bassets, Blue
Premier Planning | Pullans | RBS | Redmayne Bentley | SSE | TOG24 | Spice, Cyprus, Cadburys, Devere & Co, Elonex, Golden Bear Toys, Great
Towergate | TSB | UKAR | Waitrose (New in 2015) Barr Golf Club, Jon Manship Records, Sainsburys, Sue Howells, Team
UKi, Premier Planning, Mrs Darlingtons & Daughters and Waitrose.
OVERVIEW OF 2015
In accordance with HRUK budgets, the Charitys policy for the year was
to fund some of its grant expenditure from reserves built up over
previous years. Income totalled 1.674m and expenditure was
2.033m, giving net expenditure for the year of 359k. Gains and losses
on investments totalled 70k, giving net expenditure of 429k.
INCOME 1.67m
Donations 59K Trust 3k
In Memory Funds 20K Lifestyle 46K
2015
HRUK Events 145K Legacy 856K
INCOME Local 77K Investment 161K
Corporate 280K Gifts In Kind 28K
Legacies: For the eighth year running, legacy income exceeded the
Charitys budget and forms the largest part of its income. HRUK is always
appreciative of any bequests received, large or small.
Corporate income: Corporate income included a record sum of
150k from Subway Store collections, together with sponsorship
and entry fees from the SUBWAYHelping Hearts Family 5K series
of fun runs.
Investment income: This remained steady, despite the volatility of
the Stock Market during the year.
Event income: This increased substantially from 2014, thanks to a
doubling of income from the London Marathon, as well as significant
increases from Sing for your Heart events (33%) and the Charitys
Yorkshire Three Peaks (25%). Local events included sponsored events
for individuals such as the Great Yorkshire Bike Ride which generated
one of its highest-ever amounts (15.6k).
Donations: These increased slightly after adjusting for an exceptional,
anonymous one-off receipt of 100k in 2014.
Lifestyle income: Lifestyle income is a relatively new income
stream arising from the workplace which reflects growing interest in
encouraging Healthy Heart living and also the success of the Charitys
Healthy Heart Mark initiative.
Gifts in kind: This doubled from the previous year and included a
donation of free advertising from a major internet search engine.
In Memory Funds: These increased by 48% from 2014, reflecting
five In Memory Funds set up by relatives and friends as a lasting legacy
of their loved ones.
EXPENDITURE 2.02m
Cost of raising funds 445K
2015 HRUK Charitable activities - grants awarded 1.0m
EXPENDITURE
(after deduction of Charitable activites - other costs 494K
62k grants no longer
required) Governance costs 89K
The Charity continues to keep a tight control of expenditure and
expended 4.38% on governance and compliance costs in 2015.
In 2015, the Trustees used some of its revenue reserves to underwrite
the Charitys grants budget. The actual grant total awarded in 2015 was
1.068m; 858k on medical research grants and 210k on Healthy Heart
Grants. Grants no longer required from previous years amounted to
62k, including three grants totalling 30k not taken up by grantees for
reasons outside the Charitys control.
Heart Research UK has a 27% ratio of costs to income generated,
comparable with similar-sized charities.
INVESTMENTS 4.18m
Heart Research UK aims to achieve a combined return from income
and capital growth from its investment portfolio.
The market value of the portfolio as at 31 December 2015, was 4.18m,
compared to 4.39m in 2014. This partially reflects amounts realised
from investments during the year to fund grants. The Trustees have
delegated discretionary powers to the Charitys Investment Advisors,
J M Finn & Co, whilst retaining control over the investment policy and
monitoring of investment performance on a quarterly basis through
the Investment Committee.
The other assets of the Charity, amounting to 724k as at 31 December
2014 (1.13m - 2014), were held mainly as bank and deposit balances to
support the Charitys activities.
RESERVES 2.77m
The Charitys reserves at the end of 2015 were 2.77m. The balance
held as unrestricted funds at 31st December was 2,639,000, of which
1,803,000 are regarded as free reserves, after allowing for funds tied
up in tangible fixed assets and a potential reduction of 20% in our
investment portfolio. Actual minimum requirements for the 18 months
operating costs totalled 1,229,000. The current level of reserves is
therefore higher than is needed but this figure will reduce in the
current year due to the level of grants to be awarded.
Blacks Solicitors - Leeds corporate walk
HOW WE LOOK AFTER OURSELVES
STRATEGY AND RISK
Three-year strategy
The Charity will enter the final year of a three-year strategy in 2016. In
2015 it was the second year of our emphasis on 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.
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 include Trustees and an independent non-Trustee. They
are also advised by the senior manager responsible for health and safety
and employment matters.
During the year, the Committee conducted the annual risk assessment,
maintained the risk register and ensured that the major risks to which the
Charity is exposed continued to be properly identified, reviewed and
evaluated. Appropriate systems continued to be established and
maintained in order to mitigate and manage those risks. The Board
considers that the major risks facing the Charity are:
dependency on legacies
the economic climate
volatility of the stock market
competition from similar organisations
maintaining a highly skilled workforce
protecting the Charitys reputation
The Trustees consider that the Charity has robust internal procedures,
systems and processes. The annual review of insurance provision
confirmed cover was adequate.
POLICIES
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
committee and appoints investment managers. J M Finn & Co are in the
first year of their three-year re-appointment.
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
The investment policy is subject to regular review and expert advice is
taken. The Audit and Investment sub-committees monitor the
performance of our Investment Managers and ensure diversity,
prudence and liquidity in the portfolio. These sub-committees report
quarterly to the Board of Trustees. J M Finn & Co provide benchmark
statistics against both the Charity Fund Monitor Index and WMA (Wealth
Management Association) Income Return Monitor.
Reflecting the objectives of the Charity, the Trustees have continued an
ethical policy of not investing directly in tobacco related equities.
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 and ready for unforeseen circumstances, new
opportunities and planning for the long term. The Board also recognises
that the volatility of the stock market, especially in current market
conditions, can very quickly affect the level of reserves. Accordingly,
a provision has been made in our reserve calculations for a 20%
decrease in the value of its investment portfolio. Reserve levels
are reviewed every quarter.
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 Board
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 Company
Secretary. The register can be accessed by all Trustees and senior staff.
Diversity
The Charity continues to strive to ensure equal opportunities and
diversity in all aspects of employment and its 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.
The Charitys website is accessible for those with visual impairment
and its leaflets are available in larger print upon request.
Ethical fundraising
Heart Research UK is very conscientious about self-regulation of
its fundraising activities and protecting vulnerable people. All staff
are aware and adhere to The Institute of Fundraising Code of
Fundraising Practice which sets out statutory obligations and best
practice standards. Guidance is also given to those who fundraise on
the Charitys behalf. The Charity is well prepared to comply with the
standards or guidance from the proposed new regulator and
additional Charity Commission powers.
Heart Research UKs approach to fundraising is to avoid unreasonable
intrusion into individuals privacy, persistent approaches or undue
pressure to donate to the Charity. It does not employ external agencies
to fundraise by direct mail, telephone, email or in the street and does not
employ professional fundraisers. It has received no complaints about its
fundraising activity.
Data protection
The Charity complies with the provisions of the Data Protection Act,
particularly in the use of personal data. It is only used for the purpose it
was given; it is processed and stored appropriately and deleted when
redundant. No information is passed to third parties and opportunities
are given to opt out and opt in of communications.
Ambassador Paul Silky Jones with Hartley our mascot
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, HRUK Helping
Hearts Limited (No 1562684).
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. 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
Masterclasses for clinicians to learn new techniques, expand
their knowledge, increase their expertise and give better care
to patients
The development of exercise prescription for children after heart
surgery or with a lifelong condition
Healthy Heart initiatives including Healthy Heart Grants, Healthy
Heart lifestyle checks, encouraging Healthy Heart workplace
activities, 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 2015 as listed on page 1. The current Trustees
have a wide range of experience, including business, expertise in medical
research, law, accounting, human resources, marketing and investment
management.

No Trustee has any financial interest or personal beneficial interests

requiring disclosure in the Charity or in its subsidiary company, HRUK
Helping Hearts Ltd. 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. Trustees are

additionally involved in one or more sub-committees, which meet when
necessary, but no less than twice a year. The Medical Review Panels each
meet once a year and the Medical Liaison sub-committee meets when
necessary. An attendance record is kept to ensure regular attendance 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 of the Board

Heart Research UK has nine specialist sub-committees of the Board.
Each sub-committees terms of reference and membership are regularly
reviewed. The next review will take place in 2016. The sub-committees
have their own Chairman; delegated powers to discuss their specific
topics; make grant award recommendations and make decisions that
are passed to the Board of Trustees for ratification.
General Purposes Sub-Committee
Reviews strategies and policy; the day-to-day running of the Charity and
recommends policy on all matters not covered by other sub-
committees
Translational Research Medical Review Panel (TRMRP)
Reviews Translational Research Grant applications, reports and grant
making process
Yorkshire Three Peaks walkers
and remuneration of staff. Key management personnel and staff salaries
are benchmarked against other organisations in the charity sector. The
sub-committee also maintains an overview of staffing levels and job
responsibilities across the Charity.
The Trustees would like to pay tribute to the dedication of the Charitys
staff. Also, their thanks to the increasing number of volunteers and
Ambassadors who undertake a wide range of voluntary work, equivalent
of 29 working days each week, on behalf of the Charity. Their dedication
helps HRUK to raise awareness of its work, maximise income and
maintain high standards of work, efficiency and productivity.

Novel & Emerging Technologies Medical Panel (NETMRP)
Reviews novel & emerging technologies grant applications, reports and
grant making process
Healthy Hearts Grant Panel (HHG)
Reviews Healthy Heart grants applications and healthy lifestyle
initiatives, reports and grant making process
Induction and training
All Trustees, staff and volunteers take part in a full induction procedure.
Before becoming a Trustee, potential Board members are expected to
attend Trustees meetings as observers and become a sub-committee
member to gain experience with the Charity. Induction packs give
detailed information, handbooks, policies and other information
required to carry out their duties.

Healthy Hearts Grant Panel (HHG)
Reviews Healthy Heart grants applications and healthy lifestyle
initiatives, reports and grant making process
Finance Sub-Committee
Reviews financial operations and performance against budget
Investment Sub-Committee
Formulates investment policy and monitors investments
Audit Sub-Committee
Reviews internal financial administration, risk assessment and internal
controls, procedures and accounting policies
Additionally, Trustees, staff and volunteers undertake specific training
(internal or external) in a particular aspect of the skills and duties needed
in their work with the Charity to ensure compliance with all statutory
obligations and best practice.
Decision-making
Having approved the annual budget, which reflects the strategy, the
Board of Trustees delegates day-to-day decisions to the National
Director. This delegation is monitored by the various committees which
all act under delegated terms of reference and report regularly to the
Board of Trustees. A decision-making protocol is in place.

Personnel Sub-Committee
Reviews personnel procedures and policies and salaries

Medical Liaison Sub-Committee

Decides research strategy, policies, procedures and medical grant
giving programmes

President, Patrons and Vice-Presidents

Mr Keith Loudon, former Chairman of the Board of Trustees, has been
President since January 2013. With additions of a new Patron, Sir David
Amess MP in September 2015 and Professor Shervanthi Homer-
Vanniasinkam as a Vice President in December 2015, we have six Patrons
and three Vice Presidents who are all able Ambassadors for HRUK,
helping with fundraising, events and raising awareness.

Key management personnel, staff and volunteers

The average number of staff employed during the year was 21. The
Personnel sub-committee annually reviews the organisational structure Willowfield Community Healthy Heart Grant - Belfast
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 the
Assistant Director and the Senior Management Team who lead the
Lifestyle, Finance, Fundraising and Communications departments.
The Charitys Treasurer is also 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.

PLANS FOR THE FUTURE

The current strategy states that Heart Research UK aims 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 the Charitys 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 its
activities more widely known. Importantly, it also consolidates the
Charitys successes and will make the most of any opportunities
presented.
HRUK Volunteer Coffee Morning - National volunteering week
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 23 June 2016 and signed
on its behalf by:
Anthony Knight, Chairman of Trustees

GEOGRAPHICAL
GEOGRAPHICAL SPREAD OF HEALTHY
SPREAD OF MEDICAL HEART GRANT
GRANT FUNDING OVER FUNDING OVER THE
THE LAST 10 YEARS LAST 10 YEARS
Pioneering medical Innovative community
research across the UK Healthy Heart Grants

Scotland 937K East Midlands 633K Scotland 114K East Midlands 74K

Nothern Ireland 177K West Midlands 232K Nothern Ireland 81K West Midlands 132K

Wales 278K East Anglia 110K Wales 97K East Anglia 132K

North East 542K London 2.5M North East 74K London 131K

North West 390K South 974K North West 204K South 225K

Yorkshire 2.6M South West 962K Yorkshire 300K South West 131K
 Heart Research UK
Consolidated Summary Financial
Information for the year ended 31 December 2015
2015 2014
Trustees Statement
INCOME AND ENDOWMENTS FROM The summarised financial statements above have been extracted
Donations and grants 269,020 375,449 from the full statutory financial statements, which were approved
Sponsored events 378,885 323,069 on 23 June 2016 and which have been submitted to the Charity
Legacies 856,457 988,970 Commission and Registrar of Companies.
Investment income 160,846 165,028 The full statutory financial statements have been audited and
Trading subsidiary 8,940 received an unqualified report from the auditors, Thomas
Coombs, who have also confirmed to the Trustees that the
Total Income and Endowments 1,674,148 1,852,516 summarised financial statements are consistent with the full
statutory financial statements.
EXPENDITURE ON
Raising funds 445,173 434,759 These summarised financial statements may not contain
sufficient information to allow for a full understanding of the
Charitable activities 1,588,012 1,548,164
financial affairs of the Charity. For further information, the annual
Total Resources Expended 2,033,185 2,051,999 financial statements, the auditors' report on those financial
statements and the Trustees annual report should be consulted.
NET GAINS & LOSSES (199,483) (199,483) A copy of the full financial statements, together with the Trustee's
Gains (losses) on investments and auditors' report thereon, can be obtained from the registered
Realised 18,873 13,996 office:
Unrealised (89,126) 54,430 Suite 12D, Joseph's Well, Leeds LS3 1AB.
Net Income/ (Expenditure) (429,290) (131,057) Signed on behalf of the Trustees by A Knight: Date: 23 June 2016
Balances brought forward at 1 January 2015 3,201,587 3,332,644
Balances carried forward at 31 December 2015 2,772,297 3,201,587 Independent auditors report to the
members of Heart Research UK
Consolidated Balance We have examined the summarised financial statements for the
Sheet At 31 December 2015 year ended 31 December 2015.

Fixed Assets Respective responsibilities of

Tangible fixed assets 9,227 15,102 the Trustees and the Auditor
Investments 3,374,353 3,965,789 The Trustees are responsible for preparing the summarised
financial statements in accordance with applicable United
3,383,580 3,980,891
Kingdom law and the recommendations of the charities SORP.
Current Assets
Our responsibility is to report to you our opinion on the
Debtors 159,331 152,061 consistency of the summarised financial statements with the full
Investments 808,611 422,301 financial statements and Trustees Annual Report.
Deposits and cash at bank and in hand 555,844 961,255
We also read the other information contained in the summarised
1,523,786 1,535,617 annual report and consider the implications for our report if we
Liabilities become aware of any apparent misstatements or material
Amounts falling due within one year (1,485,592) (1,479,984) inconsistencies with the summarised financial statements.

Net Current Assets 38,194 55,633

Basis of opinion
We conducted our work in accordance with Bulletin 2008/3 issued
by the Auditing Practices Board.
Total Assets Less
Current Liabilities 3,421,774 4,036,524 Opinion
In our opinion the summarised financial statements are consistent
Liabilities with the full annual financial statements and
Amounts falling due after more than one year (649,777) (834,937) Trustees Annual Report of Heart Research UK for the year
ended 31 December 2015.
Net Assets 2,772,297 3,201,587
Christopher Darwin FCA (Senior Statutory Auditor)
Funds
For and on behalf of Thomas Coombs
Unrestricted - general 2,639,420 3,073,029 Chartered Accountants and Statutory Auditor
Restricted 132,877 128,558 Century House, 29 Clarendon Road, Leeds LS2 9PG
2,772,297 3,201,587 Date: 23 June 2016
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.

Mrs Carole ADCOCK Ms Mary MACKENZIE We wish to acknowledge our

Mr James ANDREW Mr Thomas MCALLISTER gratitude to the following
Mrs Susan BAYADA Miss Freda MCCUE Trusts and Foundations for
Ms Violet BESTALL Ms Mary MCLEAN their generosity in supporting
Ms Jean BROWN Mr Brian MINGAY Heart Research UK during 2015:
Miss Mary BURNS Ms Gertrud MUIR
Mrs Pamela CARLISS Mrs Emmy MULLARD R B Gray Charitable Trust
Mr Ivan CARR Mr Hamish MUNRO CAF Ardwick Trust
Mrs May CHAPMAN Ms Barbara NAYLOR The Clarke Charitable Trust
Ms Esther CLEWLOW Mrs Margaret NEWSTEAD
Ms Annie CROMPTON The Keith & Joan Mindelsohn
Mrs Mair PARRY Charitable Trust
Mr Bryan CUCKSON Ms Mary PEARCE
Ms Joan CUFF Mrs Mary POTTS
Mr Stephen DAVENPORT Mrs Jenny PRICE
Ms Mary DAVIES Ms Elizabeth RICE
Mrs Brenda DIXON We wish to acknowledge our
Mr Kenneth ROOME
Mrs Vera DZIECIOL gratitude to the organisers of
Mr Alan ROWLEY
Ms Brenda EARLEY the following memorial funds
Mrs Kathleen SANDERSON
Mr Roy ELLICOCK for their generosity and hard
Mr Jack SCARTH
Mrs Jean ERSKINE work raising money for Heart
Mrs Doreen SENIOR
Mrs Joan EVANS Research UK during 2015:
Mrs June SMART
Mr Alan FLETCHER
Mr Terence SMART The Nick Bill In Memory Fund
Mrs Stella FLETCHER
Mr Dennis Humphery SMITH Ethan's Gift - in memory
Mr Colin FOX
Mrs Charlotte Anne SUMMERS of Ethan Marshall
Mr Arthur GARTHWAITE
Ms Isabelle GILLICK Mrs Muriel SUTCLIFFE
The Mick Grainger In
Ms Erika GILLMAN Mrs Betty TAYLOR Memory Fund
Mr Leonard GOODBY Ms Julia Joyce TEASDALE
Mr Arthur TERRY The Lee David Rawlings
Mrs Sophie GREEN In Memory Fund
Mrs Jean HADWEN Mr Ian THOMSON
Mrs Jean TREASURE The John Sims In Memory Fund
Mrs Madge HAWKINS
Mrs Beryl HOWARTH Ms Lesley TRINDER
Mrs Jean HUDSON Ms Sheila TURNER
Ms Angela HUNT Mrs Rosemary TWIGG
Mrs Violet HURT Mrs Vera WARREN
Mrs Nora HUTSON Mr Lewis WESTWOOD
Ms Ena JACKSON Mrs Elsie WHITTAKER
Mrs Jennifer JOHNSON Ms Dorothy WILCOCK
Mrs Doreen JONES Mr Sidney WILLIAMS
Mrs Gwendoline LATHAM Mrs Brenda Rosemary WILSON-BUXTON
Miss Tracey LEANING Mrs Thomasina WILTSHIRE
Mrs Jacqueline LEAR Mrs Dorothy WOODER
Mr Paul LIDGETT Mr Gordon WYATT
Mr James LOWE Mrs Olive YOUNG
Heart Research UK
Grants Awarded In 2015
Medical Research Grants
LEICESTER
University Of Leicester
Prof G Andr Ng -
NET Grant
Multicentre Investigation of
Novel Electrocardiogram Risk
markers in Ventricular
Arrhythmia prediction UK
multicentre trialists
collaboration (MINERVA)
Loughborough University and
University Hospitals Of Leicester NHS
Dr Nicolette Bishop -
LIVERPOOL
Liverpool Heart and Chest Hospital 100,000
Mr Aung Oo - Aortic Surgery Fellowship (Trustees
182,912 Discretionary Grant)
Aortic Masterclass 2015 25,000
BIRMINGHAM
Birmingham Children's Hospital 46,900
Mr David Barron -
Birmingham Children's Hospital Grant
(Trustees Discretionary Grant)
Prof G Andr Ng - Leicester Exercise capacity, endothelial function and
quality of life in Fontan patients with
147,805 hypoplastic left heart syndrome (hearts
with a functionally single ventricle) Mr David Barron - Birmingham

Translational Research Grant NATIONWIDE

Reducing cardiovascular disease risk Exercise Prespection For Children 2015/2016 45,000
in kidney transplant recipients:
A three-arm feasibility study to
Small awards and travel grants awarded to
establish the viability of an RCT of
moderate and higher intensity disseminate findings 8,145
exercise Dr Nicolette Bishop - Loughborough GRANTS AWARDED IN PREVIOUS YEARS AND NOW
GLASGOW NO LONGER REQUIRED (43,304)
Glasgow Caledonian University 76,500
Prof Annette Graham - Translational Research Grant (PhD) Total Medical grants awarded
MicroRNA sequences involved in conversion of human during the year 814,653
macrophages to foam cells: identification of novel therapeutic
targets (PhD studentship)
HRUK Healthy Heart Grants
DUNDEE
University of Dundee 137,206 SOUTHEND ON SEA
Dr Faisel Khan - Translational Research Grant Mr Stuart Long - Team Healthy Heart 9,200
Investigation of the potential role of salt-inducible kinases in Mid and East Antrim Agewell Partnership
endothelial dysfunction and Atherosclerosis
LEEDS
Mr Davide Longo - Heart of Gold 10,000
Leeds Rhinos Foundation

Dr Faisel Khan & Team - Dundee

LONDON
William Harvey Research Institute 88,489
Prof Ken Suzuki - Translational Research Grant
Pre-clinical development of Interleukin-4 as a novel biological drug
for myocardial infarction Leeds Rhinos - Heart of Gold

CONGLETON
Ms Eleanor Morris -
Young Carers Healthy Heart Project 9,360
Carers Trust 4all
CHORLEY
Mr Paul Maloney - The Young@Heart Project 9,678
Freestyle Urban Soccer CIC
MONTROSE
Mr Peter Davidson - Match Fit 7,280
Prof Ken Suzuki - London
Links Park Community Trust
SKELMERSDALE
Kimberly Rowlands -
Captain Heart and the BDS Squad 5,000
BDS Training Ltd
DARTFORD
Mrs Sharon Phillips - HGV MOT 5,000
Healthy Living Centre Dartford
BLACKBURN
Mrs Emma O'Connor - Access Heart Ability 8,486
Access Ability CIC
BRISTOL
Inverness Caledonian Thistle
Mr Ed Norton - Get Your Heart in Gear 6,698
Life Cycle UUK
NEWTON AYCLIFFE
BLACKBURN Ms Susan Sadler - Health Drop In 9,181
Mr David Dunwell - Heart of the Game 10,000 Lifeline Community Action
Blackburn Rovers Community Trust
BELFAST
WARRINGTON Mr Tim Wareing - TW Braga Healthy Heart Warriors 10,000
Mr James Howes - Happy Hearts 8,500 TW Braga
Warrington Wolves Charitable Foundation
LLANHILLETH
Mr Julian Bosley - Cooking for Healthy Hearts 10,000
Llanhilleth Minersonian Thistle Community Development Trust
BRISTOL
Mr Ben O'Sullivan - Beating Heart 10,000
The Songwriting Charity

Warrington Wolves Happy Hearts

CALDERDALE, SELBY,
NORTH EAST LINCOLNSHIRE
Dr Nicola Eccles - Environmental Health Prompts 10,000
Community Partners Limited T/a CP Active

The Songwriting Charity - Bristol

GRANTS AWARDED IN PREVIOUS YEARS AND NOW
NO LONGER REQUIRED (12,171)
DEAL, KENT
Ms Stephanie Hayman - Heartily Keen2Cook 10,000
Total HRUK Healthy Heart grants Cinque Ports Community Kitchen CIC
awarded during the year 87,031
LONDON
Mrs Fiona Williams - Healthy Hearts, Happy Families 9,550
HRUK and SUBWAY QPR in the Community Trust
Healthy Heart Grants
SHEFFIELD
WREXHAM Mrs Thelma Whittaker - Sova Love Hearts 4,513
Ms Lorna Crawshaw - Sova
Calon Call (Smart Heart) 9,772 HIGHAM FERRERS, NORTHANTS
Groundwork North Wales Mrs Elizabeth Willmott - Happy Healthy Hearts 1,500
INVERNESS Higham Ferrers Gateway Club
Mr Craig Masterton - COLCHESTER
ICT Healthy Hearts School visits 10,000 Mr Tom Tayler - Cardio-Active 8,500
Inverness Caledonian Thistle Community Development Trust Colchester United Football in the Community
CHESHIRE
Mrs Lyndsey Cannon-Potts - GRANTS AWARDED IN PREVIOUS YEARS AND NOW
Accessible exercise for a healthy heart 9,325 NO LONGER REQUIRED (6,626)
The Nueromuscular Centre (NMC)
LEAMINGTON SPA Total HRUK and SUBWAY Healthy Heart
Mr Peter Welch - Young Hearts Run Free 8,073 grants awarded during the year 103,788
Kids Run Free
Heart Research UK
Legal and administrative information
President Dr Rachel Clough* Finance Committee
Mr Keith Loudon OBE FCA MSI Prof Sheila Francis* Mr Richard Brown - Chairman
Dr Anne Graham* Mr Richard Hemsley
Patrons Dr Mark Harbinson* (resigned November 2015) Mr Tony Kilner
The Archbishop of York, Dr John Sentamu Prof Jamie Jeremy* Mr Paul Smith
Lord Bates of Langbaurgh Prof Giovanni Mann*
Lady Macclesfield Dr Vas Ponnambalam*
Mr John Bill Dr Matthias Schmitt* Key management
Mrs Anne Billl Prof Donald Singer* personnel
Sir David Amess MP Prof Philippa Talmud* (resigned November 2015)
Miss Barbara A Harpham BA (Hons)
Dr Stephen Wheatcroft*
Past President National Director
Mr David A Watson MBE FRCS Healthy Heart Grant Panel (HHGP) Mrs Denise Armstrong BSc (Hons)
Mrs Brenda Griffiths* - Chairman Assistant Director
Vice President Mr Peter Braidley Mr Michael L Clark
Cllr Brian Cleasby Ms Amrit Daffu-OReilly* Treasurer and Company Secretary
Mr Fabian Hamilton MP Mr George Harpham*
Mrs Christine Mortimer Head office
Life Vice President Mrs Diana Oldam* Suite 12D
Prof S Homer-Vanniasinkam IBSc, MBBS,FRCSE, FRCS Mr Paul Rogerson Josephs Well
Trustees Mr Kevin Watterson (resigned May 2015) Leeds LS3 1AB
Mr Anthony D Knight - Chairman
Other committees Tel: 0113 234 7474
Mr Richard J Brown FCA - Vice-Chairman
Fax: 0113 297 6208
Mr Peter C Braidley MBBS FRCS(Eng) FRCS(CTh) General Purposes Committee
Dr Catherine J Dickinson MA PhD FRCP Mrs Heather Stewart - Chairman Regional office
Mr Peter Braidley 4th Floor Newland House
Dr David F Dickinson MB ChB DCH FRCP
Mr Richard C Hemsley MA FCA Mr Richard Brown 137-139 Hagley Road
Mr Anthony R Kilner Dr David Dickinson Edgbaston
Mr Keith Loudon OBE FCA MSI Mr Tony Knight Birmingham B16 8UA
Mrs Christine Mortimer Mr Keith Loudon
Mr Kevin Watterson Tel: 0121 454 1799
Mr Anthony G Oxley MSI
Mr Paul W Rogerson CBE DL Independent auditors
Mr Paul Smith MSI
Medical Liaison Committee
Mrs Heather Stewart - Chairman Thomas Coombs
Mrs Heather M Stewart PhD MBA Solicitor Chartered Accountants and
Mr Peter Braidley
Mr Kevin G Watterson MB BS FRACS Registered Auditors
Dr Catherine Dickinson
Dr David Dickinson Century House
Specialist sub-committee membership 29 Clarendon Road
as at 31 December 2015: Prof Jonathon Gibbins*
Mrs Christine Mortimer Leeds LS2 9PG
Medical Research Panels (MRP) Prof Khalid Naseem*
Bankers
Audit Committee Barclays Bank Plc
Novel and Emerging Technologies (NET) Barclays Business Centre
Mr Tony Kilner - Chairman
Prof Jonathon Gibbins* - Chairman PO Box 100
Ms Rachel Banfield*
Dr Chris McCormick* - Vice Chairman Albion Street
Mr Richard Brown
Prof Nawwar Al-Atthar* Leeds LS1 1PA
Mr Paul Rogerson
Prof Adrian Banning*
Prof Terence Gourlay* Investment Committee Stockbrokers and
Prof Keith Oldroyd* (resigned October 2015) Mr Paul Smith - Chairman Investment Managers
Prof Alexander Seifalian* (resigned October 2015) Mr Richard Brown J M Finn & Co Ltd
Dr Nicola Smart* Mr Richard Hemsley 4 Coleman Street
Prof Richard Underwood* Mr Tony Knight London EC2R 5TA
Mr Ravi Vohra* Mr Tony Oxley
Prof Peter Weinberg* Mr Kevin Watterson Solicitors
DWF LLP
Translational Research Projects (TRP) Personnel Committee Bridgewater Place
Prof Khalid Naseem* - Chairman Mr Tony Knight - Chairman Water Lane
Prof Azfar Zaman* - Vice Chairman Mr Richard Brown Leeds LS11 5DY
Mr Peter Braidley Mr Paul Rogerson
Prof Ann Canfield* 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