CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 01.04.2023 31-03-2024 Porfod start date Period end date Charity name: Boumemouth Heart Club Charlty reglstratlon number: 1006725 Objectives and Activities SORP referenc8 Summary of the purposes of the charity as set out in its governing document Para 1.17 The objects of the Club, as stated in its Constitution, are the relief or prevention of sickness amongst persons with or at ri8k of cardiovascular disease. and for the rehabilitation of thos8 who have undergone therapeutic cardiovascular intervention or whom have chronic debilitating disease. Summary of the main activities in relation to those purposes for Ihe public benefit, in partlcular, the activities, projects or services identifiod in the accounts. Para 1.17and 1.19 The Club was initially established to provide regular exercise sessions and education regarding healthy lifestyle habits amongst persons who have suffered from heart attacks or who have undergone heart surgery or proc8dur8S. This was later extended to the rehabilitation of patients who have undergone angioplasty, or who are dealing with heart failure and in 2022 further extended to include a range of other chronic debilitating diseases such as Diabetes, COPD (Chronic Obstructive Pulmonary Disease), plus Intermittent Claudication and Cancer Prehabilitation more recently Th8 Heart Club's activities tak8 place In a purpose-built facility housing two gymnasiums, changing rooms, memb8rs' lounge and offic8 accommodation. Slatement confimiing whether the trustees have had regard to the guidance issued by the Charity Commission on public ben8frt Para 1.18 Th& Trustees have paid du8 r8gard to the guidance issued by the Charity Commission on public benefit in deciding what activities th8 charity should undertake. Addltlonal Informatlon (optional) You ma Ghoose to inGlude further statements where relevant about: SORP r￿erence Para 1.38 Policy on grant making Para 1,38 Policy on social investment includlng program related investment Para 1,38 Contribution made by volunteers other Achievements and Performance SORP referenoe Summary of the main achievements of the charity. identifying the difference the charity's work has made to the circumstanc8s of its beneficiarles and any wider benefits to society as a whole. Wh8n the Club moved into their present building in September 1996 there were 405 members and 9 exercise s8ssions each week. Para 1.20 At the end of March 2024, the Club had 719 members taking part in 45 exercise sessions a week. We now have 450/0 of members exercising more than 5 limes a month, being 15Vo increase ov8r th8 pr8vious year This is a move towards the prescribed exercise requirement for Gardiac fitness established by the World H8alth Organisation (WHO). In 2023-24, the first of a 3-year Plan, we have grown the membership of the Club by attracting individuals who recognise the importance and value of regular exercis6. We now foGUS on recruiting new members from proven pathways, specifically Cardiac Rehabilitation, Diab@tes R8focusize and Can￿r Prehabilitation Programmes, all run in conjunction with University Hospitals Dorset plus our own Keep-vvell Scheme. Addltlonal Informatlon (optional) You ma Ghoose to include further statements where relevant about., Achievements against objectives set Para 1.41 Performance of fundraising activities against objeGtiv@s set Para 1.41 Investment performance against objectives Para 1.41 Other Financial Review Review of the charitys financial position at the end of the period Para 1.21 On 31st March 2024, Inveslments, Bank and Building Society savings aGGounts and Gash at bank and in hand totalled £1,001,775 (2023 £910,860). After paying creditors the surn of £29,299 {2023 - £17,341), there remains £972,476 {2023 - £893,520) for the purp08es prescribed in the Conslitulion. Th8 Trustees have reviewed in detail the Justiflcation and goveming policles for Ihe Designated Reserves that we now hold as detailed in Note 22 of the 2023-24 Accounts. In addition to Cash Reserves, the L@ase Fund is the Gost of the lease extension which is b8ing written back to r8S8rves over the eriod of the lease. W8 continu8 to maintain an Undesignated Gonoral Fund of £274,166 to help fund the day-to-day operating Gosts of the Club and, in particular, to provide the financial headroom that is required whilst we continue to rebuild ongoing incomes. The Deslgnated Property Repair and Roplacamant Fund of £400,000 has reassigned to a for unforeseen t￿]nesS intaTUPtion, (th to improv￿1 relalionships ￿ UHD eths management. Unfo￿een Business Intsrruption Fund is a d￿jgnat￿l, but unrestrlG￿l fund sel aside by the TNstees in order to enable monies to be available to help meet ary LJrf0￿en int￿up￿.0n to the dub, such as anoth pand￿1C C￿ dam￿ to buldings dLrring the OTr￿1ng, major lTh)spital Lxmldlro ￿ks. £100k Equipment Roplacament Fund is a designated. but unrestricted fund Set aside by the Trust8@s for the cyclical replacement of exercise equipment. Lease Fund 2021-2046 (Prepaid 2010) is a designaled, but unrestriGted fund of £526,045 set aside by the Trustees in order to recognize the amount of funds represented by the Lease of the Club. Hardship Fund of £2,950 is designated but unrestricted fund set aside by the Trustees in order to support individuals who would benefit from our ServI￿S but who are unabl8 to fund th8mselves. Sta16m8nt 6xplaining the policy for holding reserves stating why they are held Para 1.22 Amount of reserves held Para 1.22 £1 Ook Lease Fund beyond 2046 is a new designated, but unrestricted fund as is the £1 Ook Deslgnated Refurbishment Fund. A £50k Wealth Mngt Fluctuation Fund is a new d6Si nated. but unrestricted fund. Reasons for holding zero reserves Details of fund materlally In deficit Explanation of any uncertainties about the charity Gontinuing as a going concern Para 1.22 NIA Para 1.24 NIA Para 1.23 NIA Additional Information (optlonal) You ma choose to include further statements where relevant about: The charity's principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted Para 1.46 A description of the prinoipal risks facing the charity Para 1.46 Other Structure, Governance and Management Description of charity's trusts.. The Constitution of the Bournemouth Heart Club was registered with the Charity Commission in December 1991. Type of governing document IlrLl3t dèed, royal clarter) Para 1.25 The Constitution was revised and adopted by the Bournemouth Heart Club on 13th June 2002, and subsequently revised on 9th August 2010, 25th July 2013, 24th July 2014, 20th July 2017, 24th February 2022. How is the charity constituted? {e.g unincorporated Para 1.25 The Club is an Unincorporated Association. Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Only members of the Club shall be eligible to serve as Honorary Officers. Honorary Officers must be nominated and seconded by members of the Club in writing and the nominations must be in the hands of the Manager of the Club at least 42 days before the Annual General Meeting so that all neGessary enquiries can be made regarding the suitability of nominees. Should nominations exceed vacancies, election shall be by ballot. The details of all persons nominated for an Honorary Officer position shall be displayed on the Club's notice boards at least one month before the Annual General Meeting. Additional information (optional) You ma Ghoose to include further statements where relevant about". Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity's organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Para 1.51 Other Reference and Administrative details Charity name Bournemouth Heart Club other name the charity uses None Registered charity number 1006725 Charity's principal address Royal Bournemouth Hospital (F10) Castle Lane East Bournemouth Dorsel BH7 7DW Names of the charity trustees who manage the charlty Trustsa name Offlce Ifan Dates acted If not for whole John Slade Chaiman Dates of a olntment of TNstees Trustee slnce 2015 Colin Peter Wardell Vice Chalrman Appointed 24 February 2022 Appointed 24 February 2022 Appointed 24 February 2022 Appointed 24 February 2022 Truste8 since 2018 Tnjstee since 2019 Jeffrey Osment Sue Strassheim Trustee Trustee Nigel Priest Graham Flexman Julia Baker Vacancy Treasurer Secretary Truste8 President Resign8d 26 March 2024 Additional infomiatlon (optlonal) Names and addresses of advlsers {Optlonal Informatlon) Type of Name Address adviser Name of chief executive Dr names of senior staff members {Optional information) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional information All Trustees (except the President) are elected at the AGM by the members of the Bournemouth Heart Club for a thr8e-year term of office. The President is elected by th8 Trustees. Past President and Founder, Dr Adrian Rozkovec continues to serv8 the Truslees in a co-opted advisory role. The policy and general management of the affairs of the Club are dir8Cted by a Trustees Committee Gomprising the Trustees, and Management Team (Ms Caroline Marshall - General Manager and Ms Olivia Bailey - Operations Manager) whose duties includ8 attending meetings of the Trustees Committee. Declarations The Irustees declare that they have approved the trustees, report above. Signed on behalf of tho charity's trustses Signature{s) Full name{s) Posltlon (eg Secretary, Chair, etc) John Slade Graham Flexman Chairman Secretary Date 21 October 2024 Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's es Signature{s) Full name(s) Position (eg Secretary, Chair, etc) John Slade Graham Flexman Chairman Secretary 18 IUw-e*tsbe- 2G*ZY **Charity registration number 1006725** ## **BOURNEMOUTH HEART CLUB** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **BOURNEMOUTH HEART CLUB** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Mr John Slade (Chairman) Mr Nigel Priest (Treasurer) Mr Colin (Peter) Wardell (Vice Chairman) Mr Graham Flexman MBA MSc DMS CiLCA (Secretary) Mrs Susan Strassheim Mr Jeff Osment Mrs Julia Baker (Resigned 26th March 2024) **Patron** Mr Graeme Souness CBE **Charity number** 1006725 **Principal address** Royal Bournemouth Hospital (F10) Castle Lane East Bournemouth Dorset BH7 7DW **Independent examiner** Hill Osborne Tower House Parkstone Road Poole BH15 2JH ## **BOURNEMOUTH HEART CLUB** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 4| |Statement of Trustees' responsibilities|5| |Independent examiner's report|6| |Statement of financial activities|7| |Balance sheet|8| |Notes to the financial statements|9 - 22| ## **BOURNEMOUTH HEART CLUB** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ The Trustees present their report and accounts of the charity for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". ## **Objectives and activities** The objects of the Club, as stated in its Constitution, are the relief or prevention of sickness amongst persons with or at risk of cardiovascular disease, and for the rehabilitation of those who have undergone therapeutic cardiovascular intervention or whom have chronic debilitating disease. The Club was initially established to provide regular exercise sessions and education regarding healthy lifestyle habits amongst persons who have suffered from heart attacks or who have undergone heart surgery or procedures. This was later extended to the rehabilitation of patients who have undergone angioplasty, or who are dealing with heart failure and in 2022 further extended to include a range of other chronic debilitating diseases such as Diabetes, Chronic Obstructive Pulmonary Disease (COPD), Intermittent Claudication and Cancer Prehabilitation. The Heart Club's activities take place in a purpose-built facility housing two gymnasiums, changing rooms, members’ lounge and office accommodation. When the Club moved into the present building in September 1996 there were 405 members and 9 exercise sessions each week. Following the change in the way the exercise sessions are paid for by moving to a monthly Direct Debit model and abolishing the annual membership fee, which was incredibly costly to administer, we have reassessed the definition of a member and how we count them. At the end of March 2024 we had 719 members taking part in 45 exercise sessions a week. We now have 45% of our members exercising more than 5 times a month, an increase over the year of 15 percentage points. This is a move towards the prescribed exercise requirement for cardiac fitness established by the World Health Organisation. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. - 1 - ## **BOURNEMOUTH HEART CLUB** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **Activities and actions undertaken by the Trustees and Management during the year 2023 to 2024 include:** - We implemented the planned migration to a monthly Direct Debit model for members to pay for their exercise sessions. - We developed budgets for Income and Expenditure to improve management of the Club and its finances. - We have recruited additional Trustees to support the ongoing development of the Club who will be formally appointed at the next AGM. - Fundraising has continued to be developed with connections to Bournemouth Football Club and events at various Golf Clubs. Quiz Nights, organised by our Trustee Sue Strassheim, have been a huge success and we hope they continue. Talks to various local organisations have continued with the objective of getting the Club name “out there” and attracting new members. In addition local food companies, including Rick Stein (Sandbanks), have allowed us to hold events on their premises. - Trustees have been encouraged to attend different classes to improve visibility and enable communication with members. - We have continued to engage with local media outlets to encourage new members. This included involvement in a BBC South Today news broadcast. - We have updated the Keep Well Scheme leaflets and they have been distributed. - We have reviewed and updated the pricing model for the Keep Well Scheme to bring it in line with the standard pricing model for the club. - The Trustees and Management undertook a review of the organisation structure and staffing levels. A new structure was agreed and Management have been working to recruit new staff to implement the changes. - Processes have been implemented to manage and control access to our Hardship Fund. - Trustees have continued to build our working relationship with UHD Estates and Finance Teams and cooperation and liaison is working well. - 2 - ## **BOURNEMOUTH HEART CLUB** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **Financial review** On 31st March 2024 Investments, Bank and Building Society savings accounts and cash at bank and in hand totalled £1,001,775 (2023: £910,860). After paying creditors the sum of £29,299 (2023: £17,340), there remains £972,476 (2023: £893,520) for the purposes prescribed in the Constitution. The Trustees see the financial priorities of Bournemouth Heart Club to be: - - To reverse, or at least minimize, the pattern over previous financial years of depletion of reserves due to shortfalls of income over expenditure. The target period is within a 3-year timescale starting April 2023. - To safeguard the Club’s future over the medium and long term, giving due regard to the commitments of our lease with University Hospitals Dorset which runs to 2046. - To grow the membership of the Club through proven pathways of recruitment that attract individuals who recognise the importance and value of regular exercise to themselves. In 2023/24, the first year of the 3-year Plan, we have achieved: - 1. A change in membership from pay per visit to monthly direct debit with the aim of providing certain and regular incomes such that the staff costs of the Club will increasingly be met from these. After the first year our exercise incomes covered 74% of the staff costs compared to 55% in 2022/23. 2. The remaining costs of running the Club were met by our Fundraising efforts and recharging maintenance costs to University Hospitals Dorset as allowed by our Lease. In addition, we were very fortunate to benefit from Legacies left by past members to the value of £83,352. These have allowed us to initiate an overdue program of replacement of our exercise equipment. 3. The Trustees have reviewed in detail the justification and governing policies for the Designated Reserves that we now hold as detailed in Note 21 of this report. In addition to Cash Reserves, the Lease Fund is the cost of the lease extension which is being written back to reserves over the period of the lease. 4. We continue to maintain an undesignated General Fund to help fund the day-to-day operating costs of the Club and, in particular, to provide the financial headroom that is required whilst we continue to rebuild ongoing incomes. 5. Following a number of trial initiatives, we have decided to focus on recruiting new members from proven pathways, specifically Cardiac Rehabilitation, Diabetes Refocusize and Cancer Prehabilitation Programmes, all run in conjunction with University Hospitals Dorset plus our own self-referral Keep Well Scheme. 6. To underpin our sound working relationships with the Estates and Finance communities of University Hospitals Dorset (UHD) we will re-instate regular communication channels with senior stakeholders in UHD. This will ensure that both parties are in a position to comply with the legal and financial provisions of the lease agreement. The Trustees have assessed the major risks to which the charity is exposed and are satisfied that processes and procedures are in place to mitigate exposure to the major risks. ## **Activities and actions planned to be undertaken by the Trustees and Management during the year 2024 to 2025 will include:** - Develop a Capacity Planning model to forecast requirements based on Members vs Staffing vs Space vs Training. - Develop a planned Staff and Management Pay Review process. - Devolve responsibility and accountability to Management Team for Income and Expenditure. - Organise training for new staff on Sportsoft so we can develop new functionality e.g. web based booking, exercise session management, waiting list management, improved management reports, marketing information, etc. - 3 - ## BOURNEMOUTH HEART CLUB ## TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Activities and actions planned to be undertaken by the Trustees and Management during the year 2024 to 2025 (continued) - + We will initiate a planned renewal of gym equipment to improve the experience of members. - + Management will monitor the Parking situation and advise Trustees of any issues or potential problems so that actions can be initiated to mitigate problems for members attending classes. - + Our Legacy leaflet will be reviewed and, where necessary, amended to make it more readable and understandable. - « Trustees will review the current Membership Fees in view of the 3 year plan to have members monthly fees covering the Club’s Pay costs by March 2026, - + Trustees will start developing a plan for the refurbishment of the Changing Rooms. - + Trustees will start developing a plan for the refurbishment of the Lounge Areas of the Club. ## Structure, governance and management The Constitution of the Bournemouth Heart Club was registered with the Charity Commission in December 1991. The Constitution was revised and adopted by the Bournemouth Heart Club on 13th June 2002, and subsequently revised on 9th August 2010, 25th July 2013, 24th July 2014, 20th July 2017 and 24th February 2022. The Club is an unincorporated Association. The Trustees who served the charity during the year were: Mr John Slade (Chairman) Mr Nigel Priest (Treasurer) Mr Colin (Peter) Wardell (Vice Chairman) Mr Graham Flexman MBA MSc DMS CiLCA (Secretary) Mrs Susan Strassheim Mr Jeff Osment Mrs Julia Baker (Resigned 26 March 2024) All Trustees (except the President) are elected at the AGM by the members of the Bournemouth Heart Club for a three-year term of office. The President is elected by the Trustees. Past President and Founder, Dr Adrian Rozkovec continues to serve the Trustees in a co-opted advisory role. The policy and general management of the affairs of the Club are directed by a Trustees Committee comprising the Trustees, and Management Team (Ms Caroline Marshall - General Manager and Ms Olivia Bailey - Operations Manager) whose duties include attending meetings of the Trustees Committee. ## Independent Examiner The Trustees have requested that Hill Osborne carry out an independent examination in accordance with the Charity's Constitution. Signed on behalf of the Trustees Committee **----- Start of picture text -----**
fisChairmanDated 2/8/24.
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TreasurerMr Nigel Priest
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## **BOURNEMOUTH HEART CLUB** ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. - 5 - | | | ## BOURNEMOUTH HEART CLUB ## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOURNEMOUTH HEART CLUB | report to the Trustees on my examination of the financial statements of Bournemouth Heart Club (the charity) for the year ended 31 March 2024. ## Responsibilities and basis of report As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). | report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## Independent examiner's statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of ICAEW, which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. | understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. | have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or - 2 the financial statements do not accord with those records; or 3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. | have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. ## luaa ba OD L.Ball, BSc FCA Hill Osborne Chartered Accountants ## Tower House Parkstone Road Poole BH15 2JH ## Dated: es Prrqush 2OVS -6- ## **BOURNEMOUTH HEART CLUB** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**Unrestricted Unrestricted**
**funds**
**funds**
**general designated**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
102,001
-
Charitable activities
**4**
221,428
-
Activities for generating
funds - sales of books,
shirts, raffles etc.
**5**
12,278
-
Investments
**6**
12,776
-
**Total income**
348,483
-
**Expenditure on:**
Raising funds
**7**
1,447
-
Charitable activities
**8**
308,953
-
Total expenditure
310,400
-
Net gains/(losses) on
investments
**13**
52,400
-
**Net income/(expenditure)**
90,483
-
Transfers between
funds
(225,789)
225,789
**Net movement in**
**funds**
(135,306)
225,789
**Reconciliation of funds:**
Fund balances at 1 April 2023
409,472
1,053,206
**Fund balances at 31 March**
**2024**
274,166
1,278,995|**Total**
**Unrestricted Unrestricted**
**funds**
**funds**
**general designated**
**2024**
**2023**
**2023**
**£**
**£**
**£**
102,001
22,735
-
221,428
149,778
-
12,278
19,197
-
12,776
4,008
-
348,483
195,718
-
1,447
1,320
-
308,953
277,473
-
310,400
278,793
-
52,400
(27,871)
-
90,483
(110,946)
-
-
35,676
(35,676)
90,483
(75,270)
(35,676)
1,462,678
484,742
1,088,882
1,553,161
409,472
1,053,206|**Total**
**2023**
**£**
22,735
149,778
19,197
4,008
195,718
1,320
277,473
278,793
(27,871)
(110,946)
-
(110,946)
1,573,624
1,462,678| |---|---|---| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 7 - | ## BOURNEMOUTH HEART CLUB ## BALANCE SHEET ## AS AT 31 MARCH 2024 |||||2024||2023|| |---|---|---|---|---|---|---|---| ||Notes||£|£|£||£| |Fixed assets|||||||| |Tangible assets|15|||536,282|||551,606| |Current assets|||||||| |Stocks|||967||1,445||| |Debtors|16||43,436||16,107||| |Investments|q|908,838|||687,608||| |Cash at bank and in hand|||92,937||223,252||| |||1,046,178|||928,412||| |Creditors: amounts falling due within|19||||||| |one year|||29,299||17,340||| |Net current assets||||1,016,879|||911,072| |Total assets less current liabilities||||1,553,161|||1,462,678| |The funds ofthe charity|||||||| |Unrestricted funds - general||||274,166|||409,472| |Unrestricted funds - designated|22|||4,278,995|||1,053,206| |||||1,553,161|||1,462,678| |Thefinangial statementswereapprovedbythemembersoftheCommitteeonaa\au|||||||| |MrA)ohn Slade (Chairman)||Mr Nigel|Priest|(Treasurer)|:||| |stee||Trustee|||||| aiRix ## **BOURNEMOUTH HEART CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **1 Accounting policies** ## **Charity information** Bournemouth Heart Club is an unincorporated Association. The principal address is stated on the Legal and Administrative Information page of the financial statements. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## **1.4 Incoming resources** Income is received by way of exercise fees, donations, gifts, legacies, fund-raising activities and recharges to UHD for maintenance, cleaning and postage. Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. - 9 - ## **BOURNEMOUTH HEART CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **1 Accounting policies** **(Continued)** ## **1.5 Resources expended** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. The salaries included within Charitable Activities relate to exercise staff. Within the heading of Office and Centre Costs are included office and administration staff salaries. These staff members spend a proportion of their time in dealing with charitable activities of the Heart Club in relation to membership and exercise classes. However it is impracticable to accurately apportion these costs between specific Charitable Activities and Office Centre Costs and therefore the total costs are shown under the heading Office and Centre Costs. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. These rates were as follows; |Lease|25 years straight line| |---|---| |Exercise and cardiac equipment|4 years straight line| |Fixtures and fittings|4 years straight line| |Office equipment|4 years straight line| |IT equipment|3 years straight line| |Tablets and mobile phones|2 years straight line| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year. ## **Heart Club Facilities** Bournemouth Heart Club does not own the completed building but has a lease for 25 years at a peppercorn rent from September 1996 to 2021. In 2010 negotiations were concluded to extend the lease for a further 25 years to 2046. As part of this agreement a capital transfer of £592,000 was made from the Club to the Royal Bournemouth and Christchurch Hospital NHS Trust as a payment in advance (index linked) to cover the cost of the extension from 2021 to 2046. The cost of the lease in Tangible Fixed Assets relates to the cost of the lease of the property for the benefit of the Club from 2021 to 2046. The cost of the lease therefore is being written off in the twenty-five year period from 2021 to 2046. Items of moveable equipment and furnishings are capitalised and shown as part of fixed assets of Bournemouth Heart Club. ## **1.7 Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.8 Stocks** Stock comprises stamps, car parking fobs and locker tokens and are stated at the lower of cost and estimated selling price less costs to complete and sell, after making allowance for obsolete and slow moving items. ## **1.9 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less. - 10 - ## **BOURNEMOUTH HEART CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **1 Accounting policies** ## **(Continued)** ## **1.10 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **1.11 Other investments** Other investments comprise call deposits with original maturities of more than three months. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. - 11 - ## **BOURNEMOUTH HEART CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **3 Income from donations and legacies** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2024**|**2023**| ||**£**|**£**| |Donations and gifts|18,649|18,807| |Legacies receivable|83,352|3,928| ||102,001|22,735| |**Donations and gifts**||| |General donations|11,561|8,720| |Gift aid|3,548|3,647| |Car parking deposits released to Bournemouth Heart Club|-|5,015| |Car parking fees (non-returnable)|3,540|1,425| ||18,649|18,807| |**Legacies receivable**||| |Legacies receivable (under £5,000)|2,352|3,928| |Legacies receivable (over £5,000)|81,000|-| ||83,352|3,928| - 12 - ## **BOURNEMOUTH HEART CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **4 Charitable activities** |**Charitable activities**||| |---|---|---| ||**Unrestricted**|**Unrestricted**| ||**funds**|**funds**| ||**2024**|**2023**| ||**£**|**£**| |Exercise fees|151,442|93,028| |Exercise fees - Keep Well|14,485|16,415| |Exercise fees - Respiratory|128|971| |Exercise fees - Diabetes|74|63| |Car Park Fobs - Rehab|5,335|3,210| |Car Park Fobs - Keep Well|1,160|630| |Car Park Fobs - Respiratory|20|75| |Car Park Fobs - Diabetes|35|-| |Diabetes Grant|9,006|6,880| |Health Assessments|930|190| |Cancer Grant|4,000|-| |RBCH Trust - reimbursed|26,523|22,887| |UHD - 50% Staff Contribution|850|250| |UHD - Gym Hire|7,440|5,179| ||221,428|149,778| - 13 - ## **BOURNEMOUTH HEART CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **5 Activities for generating funds - sales of books, shirts, raffles etc.,** ||**Unrestricted **|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2024**|**2023**| ||**£**|**£**| |Just Giving|476|6,011| |Triathlon - Caroline Croucher|-|575| |Easy Fund Raising|46|15| |Raffles|2,167|1,327| |Rotary Club Donations|610|-| |Heart 2 Heart Cycle|-|3,220| |Snowball Lunches|-|150| |Locker Tokens|13|7| |Quiz|3,070|1,885| |Commission from BHC Merchandise|129|171| |100 Club|2,292|2,352| |Water|116|339| |BH Coastal Lottery|1,674|1,811| |Much Loved|413|168| |Amazon Smile|227|352| |PayPal Giving|6|-| |Purple Patch|103|52| |Coffee Mornings|280|-| |Other items|656|762| ||12,278|19,197| **6 Income from investments** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2024**|**2023**| ||**£**|**£**| |Other investment interest receivable|12,776|4,008| - 14 - ## **BOURNEMOUTH HEART CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **7 Expenditure on raising funds** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2024**|**2023**| ||**£**|**£**| |**Costs of generating donations and legacies**||| |100 Club|1,300|1,300| |Lottery licence|20|20| |Other fundraising costs|127|-| ||1,447|1,320| |**Charitable activities**||| ||**Unrestricted**|**Unrestricted**| ||**funds**|**funds**| ||**2024**|**2023**| ||**£**|**£**| |Exercise staff costs|160,276|115,250| |Office staff costs|33,716|58,366| |Office and centre costs|64,032|58,728| |Prevention staff costs|5,051|4,917| |Cleaning staff costs|23,582|21,717| |Employers National Insurance|10,489|8,149| ||297,146|267,127| |Share of governance costs (see note 10)|11,807|10,346| ||308,953|277,473| **8 Charitable activities** - 15 - ## **BOURNEMOUTH HEART CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **9 Office and centre costs** |**Office and centre costs**||| |---|---|---| ||**Unrestricted**|**Unrestricted**| ||**funds**|**funds**| ||**2024**|**2023**| ||**£**|**£**| |Insurance|4,692|4,425| |Just Giving subscription|180|-| |Go Cardless charges|3,058|-| |Advertising - leaflets|1,310|327| |Minor exercise equipment|1,731|316| |Bank interest paid|-|19| |Advertising/ leaflets - Keep Well|-|-| |Exercise equipment maintenance|855|937| |Air conditioning maintenance|640|(45)| |Website maintenance|58|-| |Sportsoft software|1,440|864| |Zoom software|152|143| |Telephone|131|219| |Printing, postage and stationery|2,387|1,178| |Bank charges|144|195| |Equipment hire - card machine|24|441| |EVO charges|579|891| |Rates|2,861|3,219| |Repairs and maintenance|1,790|3,255| |New car park fobs|1,264|2,530| |Car park fobs refunds|25|45| |Car park fobs refunds - Rehab|1,820|870| |Cleaning|703|1,070| |Depreciation - exercise and cardiac equipment|3,411|420| |Depreciation - office equipment and fixtures & fittings|309|4,391| |Depreciation - lease|23,911|23,911| |IT maintenance and support|4,978|5,038| |Payroll software|420|293| |Minor office equipment|361|-| |Locker tokens|413|8| |Staff refreshments|11|42| |Staff Christmas gifts|99|113| |Travel costs|9|5| |Staff training|2,105|925| |DBS checks for trustees|36|-| |Refreshments for members|1,150|855| |Staff uniforms|483|1,483| |Sundry costs|492|345| ||64,032|58,728| - 16 - ## **BOURNEMOUTH HEART CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **10 Support costs allocated to activities** |**Charitable**
**activities**
**2024**
**£**
Governance
11,807
**2024**
**Governance costs comprise:**
**£**
Independent examination
2,982
Legal and professional
3,233
Bookkeeping fees
5,592
11,807|**Total**
**2023**
**£**
10,346| |---|---| ||**2023**
**£**
2,700
3,349
4,297| ||10,346| ## **11 Trustees** None of the Trustees (or any persons connected with them) received any remuneration during the year, or were paid any expenses during the year. ## **12 Employees** The average monthly number of employees during the year was: |The average monthly number of employees during the year was:||| |---|---|---| ||**2024**|**2023**| ||**Number**|**Number**| |Full time equivalent|8.62|7.85| |There were no employees whose annual remuneration was £60,000 or more.||| ## **13 Gains and losses on investments** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2024**|**2023**| |Gains/(losses) arising on:|**£**|**£**| |Revaluation of investments|52,400|(27,871)| ## **14 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. - 17 - ## **BOURNEMOUTH HEART CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**15**
**Tangible fixed assets**
**Cost**
At 1 April 2023
Additions
At 31 March 2024
**Depreciation and impairment**
At 1 April 2023
Depreciation charged in the year
At 31 March 2024
**Carrying amount**
At 31 March 2024
At 31 March 2023
**16**
**Debtors**
**Amounts falling due within one year:**
Gift aid receivable
RBCH Trust
Prepayments and accrued income
UHD
**17**
**Investments**
Charity Bank
Redwood Bank
Cambridge & Counties Bank
United Trust Bank
Yorkshire Building Society
Investec Wealth & Investment Portfolio
Quilter Plc Portfolio|**Lease**
**Exercise and**
**cardiac**
**equipment**
**Fixtures and**
**fittings**
**£**
**£**
**£**
597,778
50,574
43,801
-
11,970
-
597,778
62,544
43,801
47,822
49,314
43,801
23,911
3,411
-
71,733
52,725
43,801
526,045
9,819
-
549,956
1,260
-|**Office**
**equipment**
**£**
4,997
337
5,334
4,607
309
4,916
418
390
**2024**
**£**
3,548
1,839
31,139
6,910
43,436
**2024**
**£**
82,000
85,000
85,272
77,362
2,762
312,898
263,544
908,838|**Total**
**£**
697,150
12,307| |---|---|---|---| ||||709,457| ||||145,544
27,631| ||||173,175| ||||536,282| ||||551,606| ||||**2023**
**£**
3,642
1,695
9,450
1,320| ||||16,107| ||||**2023**
**£**
-
-
83,356
75,000
5,210
285,868
238,174| ||||687,608| - 18 - ## **BOURNEMOUTH HEART CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**18**
**Cash at bank and in hand**
HSBC Treasury account
HSBC Savings account
EVO account
Cash in hand|**2024**
**£**
7,025
84,222
157
1,533
92,937|**2023**
**£**
88,077
132,721
470
1,984| |---|---|---| |||223,252| ## **19 Creditors: amounts falling due within one year** |**Notes**
Other taxation and social security
Deferred income
**20**
Trade creditors
Accruals
**20**
**Deferred income**
Arising from Diabetes grants
Arising from Exercise fees
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2023
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2024|**2024**
**£**
3,734
15,010
6,669
3,886
29,299
**2024**
**£**
15,010
-
15,010
**2024**
**£**
15,010
7,235
(7,235)
15,010
15,010|**2023**
**£**
2,907
7,235
3,559
3,639| |---|---|---| |||17,340| |||**2023**
**£**
-
7,235| |||7,235| |||**2023**
**£**
7,235| |||-
-
7,235| |||7,235| - 19 - ## **BOURNEMOUTH HEART CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **21 Retirement benefit schemes** The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The charge to profit or loss in respect of defined contribution schemes was £3,434 (2023- £2,909) and is included in staff costs. ## **22 Unrestricted funds - designated** These are unrestricted funds which are material to the charity's activities. |Designated Property Repair and Replacement Fund/Unforseen
Business Interruption
Designated Equipment Replacement Fund
Lease Fund 2021-2046 (Prepaid 2010)
Designated Hardship Fund
Lease Fund beyond 2046
Designated Refurbishment Fund
Designated Wealth Mgmt Fluctuation Fund
**Previous year:**
Designated Property Repair and Replacement Fund
Designated Equipment Replacement Fund
Designated Parking Deposits Fund
Lease Fund 2021-2046 (Prepaid 2010)
Designated Keep Well Fund
Designated Hardship Fund|**At 1 April**
**2023**
**£**
400,000
100,000
549,956
3,250
-
-
-
1,053,206
**At 1 April**
**2022**
**£**
400,000
100,000
5,015
573,867
10,000
-
1,088,882|**Transfers**
**At 31 March**
**2024**
**£**
**£**
-
400,000
-
100,000
(23,911)
526,045
(300)
2,950
100,000
100,000
100,000
100,000
50,000
50,000
225,789
1,278,995
**Transfers**
**At 31 March**
**2023**
**£**
**£**
-
400,000
-
100,000
(5,015)
-
(23,911)
549,956
(10,000)
-
3,250
3,250
(35,676)
1,053,206| |---|---|---| - 20 - ## **BOURNEMOUTH HEART CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **22 Unrestricted funds - designated** ## **(Continued)** The Designated Property Repair and Replacement Fund has been reassigned to a fund for unforeseen business interruption, due to improved relationships with UHD estates management. The Unforeseen Business Interruption fund is a designated, but unrestricted fund set aside by the Trustees in order to enable monies to be available to help to meet any unforeseen interruption to the club, such as another pandemic or damage to buildings during the hospital building works. The Designated Equipment Replacement Fund is a designated, but unrestricted fund set aside by the Trustees as funds for the cyclical replacement of the exercise equipment. The Keep Well Fund was a designated, but unrestricted fund set aside by the Trustees for starting up the Keep Well scheme. This has now been fully utilised and consolidated back into the general funds. The Lease Fund 2021-2046 (Prepaid 2010) is a designated, but unrestricted fund set aside by the Trustees in order to recognise the amount of funds represented by the Lease of the Heart Club. The Hardship fund is a designated, and restricted fund set aside by the Trustees in order to support individuals who would benefit from our services but who are unable to fund themselves. The Lease Fund beyond 2046 is a new designated fund, but unrestricted set aside by the Trustees in order to recognise the amount of funds to provide for the Lease of the Heart Club beyond 2046. The Designated Refurbishment Fund is a designated, but unrestricted fund set aside by the Trustees as funds for the refurbishment of the clubs changing rooms, toilets and lockers. The Designated Wealth Mgmt Fluctuation Fund is a designated, but unrestricted fund set aside by the Trustees as funds to counteract market fluctuations. ## **23 Analysis of net assets between funds** |**Unrestricted**
**Unrestricted**
**funds**
**funds**
**general**
**designated**
**2024**
**2024**
**£**
**£**
**Fund balances at 31 March 2024 are represented by:**
Tangible assets
10,237
526,045
Current assets/(liabilities)
263,929
752,950
274,166
1,278,995
**Unrestricted**
**Unrestricted**
**funds**
**funds**
**general**
**designated**
**2023**
**2023**
**£**
**£**
**Fund balances at 31 March 2023 are represented by:**
Tangible assets
1,650
549,956
Current assets/(liabilities)
407,822
503,250
409,472
1,053,206|**Total**
**2024**
**£**
536,282
1,016,879| |---|---| ||1,553,161| ||**Total**
**2023**
**£**
551,606
911,072| ||1,462,678| - 21 - ## **BOURNEMOUTH HEART CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **24 Related party transactions** There were no disclosable related party transactions during the year (2023 - none). - 22 - BOURNEMOUTH HEART CLUB INDEPENDENT EXAMINER'S REPQRT TO THE TRUSTEFS OF BOURNEMOUTH HEART CLUB I report lo th8 Tru&t¢6s an my examination of the flnanolal stataments of 8t)um&Mou*h Heart Club Ohe charity) fof Iho year onded 31 M&rLh 2024. R08pon$lb111flès and basls of report A8 the Trusle8s ¢f the charity you.are responsible. for th8 propar311on of the finanoial stat0111onls In a¢cordano& wIEh the requirements of the Charitios AGI 2011 (IhÈ 2011 A¢tl. I report In respÈcl Of my èxamination ctf Iho chprity'fj Ilnanclal statam8nts ttarried out iind6r s&dlon 145 of tng 2011 Act. In carrying out my examinallon I have folbw8d all the 4ppllcabl¢ Dlr6Gti)ns yiven by Ch4rity Cominl$.siOn under sectlon 145.(51(b}.of the 2011 ACL Independont examlner's statamont Sinca charltls gross income exceedod £25o,oa(J your examiner mugt be, u membér ol £ body listed Iré $e¢iion 145 of the 2011 Act. I confirm that l om quaiifipd tu und¢rlaké the oxamination hc8use l am a metrtber of ICAEW, whiGh is unp tst the Ilstèd bodies. Your aliention is drawn tn the fact Ihat the charity has prepared fln&nci818tatémerlt¥ In a¢cordanc& ￿tEl Accounting and Rèporting by Charilles preparing Ihelr accounts in ao¢oidanae with the Financial Reporting Standard applicable Iri thè UK and rtepubllo of Ireland (FRS 1.02) In prgferenco to the Accounting and Reporting by Charilles.. Slaleirent of ReGommended Pratllce 1s-suod.on 1 Ap.rll 2000 WNch13 referrèd lo In th¢ exlartt regulalion$ but has now beqn Wlth¢r2wn. l untlerstand that tmlts has been dDnè in ordar for financlal $taÉ¢men£8 to Pr&￿￿e ll trud and fair v18w in qotturdanoe wlth Goftefally AGoeptgd Aocouiitlng Practl¢p ¢ffe¢live for rèpD.rttng poriods bpginnfng on ur aftèr I January 2015, I liavd con1plÈtGd my ex8minalion. I confirm that no malters hav6 Comè ta my attentkon IN connectton wlth tha examination glvlng me tsauso to believe Iliat in any material respect.. accoutttlng records weré not k&pt In re$pecl of the chorily as rgqiAirecl by Y¢ctibn 120 rjf the 2011 Act; or the financial statements do not accoid wllh those re¢ords', or the financlal statements do nol comply with the applicable reouiremenl$ conGerning the form an4 ¢or(i¢nt of account$ sel out in the Charities (Accounts and Report$l Reguiaiion$ 2008 other than any requirement Ihat the a￿auntS givo a Iru& and fair View Whl¢h 19 rtot a matter considered as part of an indoptndpnt oxaminalion. I have no conwns and lttv8 #om& acr¢)88 no tsthtr matters In connection with ,,thé examlnatlon ttt whlch Étteniion bliottl.d be drawn In thls report in urddr to enabla a propor understandlng L)f tha financial &*atsments to rgached. LBAII, BS¢ FCA Hlll Osborno Chartérkd Ac¢ountsnts Tow8r HDU38 Parkstone Road Poole ÈHI5 2Jkl &t¢d.' .2 Eil