Heart Lung Foundation — Health Charity in Auckland

Heart Lung Foundation is a Trust charity in the Health sector, based in Auckland, Auckland. This organisation also provides funding to other charities. Annual revenue: $0.9M NZD. 1 red flag detected. Financial data as at December 2025.

Mission: Heart Lung Foundation (formerly the GLREF) was established at Green Lane Hospital in 1971 and incorporated under the Charitable Trusts Act in 1976. The aim of GLREF is to advance medical education and research in the departments of Cardiology, Cardiothoracic Surgery, Paediatric Cardiology & Surgery, Cardiothoracic Anaesthesia and Respiratory Medicine, within the Auckland District Health Board.

Registration Number
CC21111
Charity Type
Trust
Registration Date
2008-02-13
Status
Active
Sector
Health
Location
Auckland, Auckland
Email
soconnell2@adhb.govt.nz
Funder Status
Grant-making charity (foundation)
Data as at
December 2025

Beneficiaries: Other - All

Financial Summary

Total Revenue
$0.9M NZD
Total Expenses
$0.8M NZD
Total Assets
$24.0M NZD
Net Assets
$23.4M NZD
Reserve Months
0.0 months of operating expenses
Staff Count
1
Financial Year End
2025-12-31

Financial History

YearRevenueExpensesNet Assets
2025$0.9M$0.8M$23.4M
2024$6.6M$0.7M$23.3M
2023$0.1M$0.2M$17.4M
2022$0.1M$0.1M$17.1M
2021$0.1M$0.1M$16.7M
2020$0.3M$0.2M$16.8M
2019$0.1M$0.1M$16.4M
2018$0.3M$0.1M$15.6M
2017$0.2M$0.1M$15.5M
2016$0.2M$0.1M$15.2M

Board Members and Officers

Current Officers (5)

NameRoleAppointed
Sasiharan SithamparanathanTrustee2023-03-29
Nicola EdwardsTrustee2022-05-09
Tim HornungTrustee2022-02-14
Tharumenthiran RamanathanTrustee2018-02-14
David SidebothamTrustee2015-06-01

Former Officers (13)

  • Peter Ruygrok — Trustee (departed 2022-05-07)
  • John Kolbe — Trustee (departed 2022-01-08)
  • Sally Greaves — Trustee (departed 2018-02-14)
  • Tanya Mcwilliams — Trustee (departed 2015-12-31)
  • Henry Connell — Trustee (departed 2015-05-31)
  • Indran Ramanathan — Trustee (departed 2018-02-13)
  • Ken Whyte — Trustee (departed 2011-03-02)
  • Jan Ruygrok — Administrator (departed 2017-04-10)
  • Neil Middleton — Trustee (departed 2011-03-02)
  • Warren Smith — Trustee (departed 2012-12-31)
  • Nigel Wilson — Chairman of Trustees (departed 2022-02-14)
  • Roy Adams — Accountant (departed 2015-12-31)
  • Paget Milsom — Trustee (departed 2009-03-03)

Service Providers

  • William Buck

Similar Charities in Health

FunderHealthTrustFoundation

Heart Lung Foundation

CC21111Auckland, AucklandRegistered 13 Feb 2008
Data updated: 23 Sept 2026
Financials9mo agoRating4d ago

Financial data as at December 2025. Sourced from Charities Services register.

NR
Not rated — Summary-form filing — not enough detail to grade

Charities Services Tier 3 reporting allows charities under $2M revenue to file a simple-format annual return rather than audited financial statements. The return reports totals but not the program/administration split or the line-item detail our template needs. No red flags were detected in what was filed, and revenue is below the $2M Tier 2 boundary where audited accounts become mandatory. A letter grade is withheld rather than assigning one that would be driven by the template-fit, not the charity's operations. The charity's filed figures are shown above, and any structural concerns a donor would want to look at are surfaced separately. (v3.3 — aligned with Charities Services tier boundary; matches Charity Navigator and CharityWatch US practice.)

How ratings work →

Reasons to look carefully (1)

These structural observations are drawn from public data and are worth considering before a donation. They are not allegations of wrongdoing, and they don’t affect the charity’s letter grade.

  • No chair recorded on the register
    No chair or presiding role is recorded in the register for this board of 5. The Charities Register does not require one to be identified, so this is a gap in the public record rather than a finding about the board.

Each signal is a data-driven observation, not a judgement. They fire automatically from the figures filed with Charities Services. A charity can address any of these by filing fuller disclosure or updating its officer register. Methodology: /about/methodology/concern-signals.

Revenue

$889.6K

Expenses

$768.6K

Assets

$24.0M

Staff

1

Financial data from Charities Services annual return (FY2025). Ratings calculated using CharityData v3.1.1 methodology.

1 red flag identified- Review the Rating tab for details

Funder Profile

Grantmaker

This organisation makes grants or donations to other charities and organisations.

Funding Sectors
HealthEducationArts & Culture
Beneficiaries
Children
Geographic Focus
Auckland

About

Mission

Heart Lung Foundation (formerly the GLREF) was established at Green Lane Hospital in 1971 and incorporated under the Charitable Trusts Act in 1976. The aim of GLREF is to advance medical education and research in the departments of Cardiology, Cardiothoracic Surgery, Paediatric Cardiology & Surgery, Cardiothoracic Anaesthesia and Respiratory Medicine, within the Auckland District Health Board.

Who We Serve

Beneficiaries
Other - All

Key Statistics

Annual Revenue
$889.6K
Total Expenses
$768.6K
Net Assets
$23.4M
Staff
1
employees

Financial Trends

Financial Trends (18 Years)

Revenue Breakdown

Expense Breakdown

API Data

Based on annual return data. Detailed program/admin breakdown not available.

Financial Health Dashboard

Cents to the Cause
100c
For every $1 spent, 100c reaches programs
Strong
Sustainability
37.1mo
Could operate 37.1 months with zero revenue
Over-capitalized
Fundraising Cost
-
No fundraising data
No data

Based on latest annual return data. Metrics are calculated from reported financial data and may not reflect the full picture. View methodology

Revenue Diversification

20
Score /100
Highly Concentrated
HHI: 8,048
High Concentration: 89% of revenue from Investment Income
Investment Income89.4%
Donations5.6%
Other4.9%

HHI (Herfindahl–Hirschman Index) measures concentration across 6 income categories. Lower HHI = more diversified. Score above 60 indicates healthy diversification.

Peer Comparison

Ranked against 157 peers · Health · $100K – $1M

Rating Score
0
#39/158
Revenue
$890K
#8/158
Reserve Months
0.0
#1/158
Surplus
$121K
#19/158
Staff Cost %
0%
#1/158

Peers are charities in the same sector and revenue size band. Rankings are based on the latest available data.

Rating History

NR
2025
Score: N/A
Financial: 0 | Governance: 20 | Transparency: 65
Current
D
2024
Score: 45.0
Financial: 65 | Governance: 65 | Transparency: 65

Rating

Score: /100
Financial
0
Governance
20
Transparency
65
View Full Score Breakdown

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Latest Audit

FY2025
Clean
10 years of audit history

Contact Details

Address
Auckland, Auckland

Registration

Registration NumberCC21111
Entity TypeTrust
Registered13 Feb 2008
StatusRegistered

Companies Office

StatusRegistered
Entity TypeCharitable Trust
Incorporated25 Aug 1976
Registered office
187 Mount Eden Road, Mount Eden, Auckland

Sector & Activities

Primary Sector
Health
Activities
Makes grants / loans to individualsSponsors / undertakes research

Data sourced from Charities Services register and publicly available annual returns. Our datasets may not be complete. Automated analysis can produce errors. Scores are calculated using disclosed methodology and are analytical tools, not investment ratings or recommendations. If you believe any data on this page is incorrect, please contact us at hello@charitydata.co.nz. For informational purposes only. Not investment advice. Last updated: 30 September 2026.