2025-03-31-accounts

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| Charity name: Bournemouth Heart Club |

+| CHARITY COMMISSION FOR ENGLAND AND WALES

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Trustees’ Annual Report for the period

From 01-04-2024 Period start date To 31-03-2025 Period end date

Charity registration number: 1006725 | . . . LJ a | Objectives and Activities | I i Summary of the purposes of | Para 1.17 The objects of the Club, as stated in its (| the charity as set out in its Constitution, are the relief or prevention of governing document 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. Summary of the main pag if and The Club was initially established to | activities in relation to those | ” provide regular exercise sessions | purposes for the public and education regarding healthy benefit, in particular, the — lifestyle habits amongst persons activities, projects or services who have suffered from heart | identified in the accounts. attacks or who have undergone heart surgery or procedures. This was tater extended to the rehabilitation of patients who have bo) 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), intermittent Claudication and Cancer Prehabilitation.

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| | whether the trustees have | Statement confirming Para 1.18 had regard to the guidance issued by the Charity Commission on public benefit

The Heart Club's activities take place in a_ purpose-built facility housing two gymnasiums, changing rooms, members’ lounge and office accommodation. to the guidance issued by the Charity The Trustees have paid due regard Commission on public benefit in deciding what activities the charity should undertake.

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Additional|information|(optional)||| |You|may|choose|to|include|further statements where|relevant|about:||| |Para|1.38| |Policy on|grant|making| |||Para|1.38||| |Policy on|social|investment| |including|program|related| |||investment||| |||Contributionoo|made|by|Para|1.38||| |volunteers| |i)||| |i| |Achievements|and|Performance||| |:| |Summary|of the|main|At|the|end|of|March|2025,|the|Club| |achievements|of the|charity,|was|supporting|920|(up|from|719)| |identifying|the|difference|the|individuals|taking|part|in|45|exercise| |charity's work has made to|Para 1.20|sessions|a|week.|The|%|of|members| |the|circumstances|of its|exercising|more|than|5|times|a|month| |beneficiaries|and|any wider|has|increased|from|45%|to|50%| |benefits|to society as|a|enabling|them|to|get|closer|to|the| |Lot)|whole.|World|Health|Organisation|(WHO)| |150|minutes|exercise|per week.| |||o|recommendation|for cardiac fitness|of| |||In 2024-25, the second year of the 3-year||| |Club|by|attracting|individuals|who|recognise| |||Plan, we have grown the membership of the| |||the importance|/ value of regular exercise.| |||.|Following a number of trial|initiatives, we| |||have|now focused|our|membership|drive|on| |||proven|pathways,|specifically|with|Cardiac| |||CancerRehabilitation,PrehabilitDi|a|betestion|which Refocusiseare|all andrun|in| |||conjunction|with|University|Hospitals|Dorset,| |||plus our self-referral|Keep-Well|Scheme.| |We|have|installed|new|equipment|and|also| |replaced|some|older equipment|and|fans|in| |||the gyms to improve members’ comfort.|

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| | . |Additional information (optional) ! You may choose to include further statements where relevant about: 3

Achievements against	Para 1.41
objectives set
Performance offundraising activities against objectives
set
Investmentperformance against objectives	Para1.41
Other

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||||Financial Review||| |---|---|---|---|---| |||Review ofthe charity’s|Para 1.21|We maintained Cash Reserves to a similar| |:||financial positionattheend
ofthe period||levelrecordedinMarch2024.On31March
2025, Investments, Bankand Building
Society savings accounts, cash at bank & in| |||||hand totalled £1,007,688 (2024: £1,001,775)| |||||After paying creditors the sum of£33,314| |||||(2024: £29,299) there remained £974,374| ||
|||Statementexplaining the
policy for holding reserves|Para 1.22|(2024:£972,476)forthepurposesthatare
prescribed in our Constitution.
The Trustees have reviewed thejustification
and governing policies forthe Designated| |||statingwhy they are held||Reserves thatwe now hold as detailed at| |||||Note 22 of the 2024-25 Accounts. in addition| ||||||toCashReserves, theLease Fund isthe
c st ofthe leas
ex ension which is being| |||||written back to reserves overthe period of| |||||the lease.| |—
|||Amount of reserves held|Para 1.22|The Designated Property Repair and
Replacement Fund of £400,000 has
been reassigned to a fund for unforeseen| ||
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|||||business
interruption, due to improved
relationships with UHD estates management.
This fund includes an Unforseen Business
Interruption Fund that is a designated, but
unrestricted fund set aside by the Trustees in| ||
|||||ordertoenablemoniestobeavailable fohelp
meet any unforeseen interruption to the club,
such as another pandemic or damage to| |||||buildings duringthehospital buildingworks.| |||||£100k Equipment Replacement Fund| |||||is a designated,
but unrestricted fund| |||||set aside by the Trustees for the cyclical| |||||replacement of exercise equipment.| ||
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||fy
_|;||LeaseFund 2021-2046(Prepaid 2010)
is a designated, but unrestricted fund of
£502,134 set aside by the Trustees in
order to recognize the amount of funds
represented bythe Lease ofthe Club.| ||||||The Hardship Fund of £11,090 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.| |||||Lease Fund beyond 2046 of £125k is a| |||||designated, but unrestricted fund set aside| ||
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|||||to provide for the lease beyond
2046.
£100k Designated Refurbishment Fund
is a designated, but unrestricted fund set
aside by Trustees for th
refurbishment of| ||||||club’schangingrooms, toiletsand lockers.
A Designated Wealth Mngt Fluctuation| |||||Fund £50k counteracts market fluctuation.| |||||||

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.RG Reasons for holding zero Para 1.22 N/A	.RG Reasons for holding zero Para 1.22 N/A
reserves Details offund materially in —	Para 1.24 deficit
Explanation ofany Para 1.23	N/A
uncertainties about the
charitycontinuing asagoing concern

Additional information (optional)

You may choose to include further statements where relevant about:

|The charity’s principal
sources offunds (including|| Para 1.47| |---|---| |anyfundraising)|| |Investment policyand
objectives includingany
social investment policy
adopted|Para1.46| |A description ofthe principal|| Para 1.46| |risksfacingthecharity||

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Structure, Governance and Management

Description of charity’s			The Constitution of the Bournemouth
trusts:			Heart Club was registered with the Charity
			Commission in December 1991.
Type ofgoverning document	Para		1.25
1, TOY			by the Bournemouth Heart Club on 13th
			June 2002, and subsequently revised on
			9thAugust 2010, 25th July 2013, 24th July
			2014, 20th July 2017, 24th February 2022.
How is the charity	Para	1.25
constituted?			The Club is an Unincorporated Association.
Trustee selection methods	Para	1.25	Onlymembers ofthe Club shall be eligible to
including details ofany			serve as Honorary Officers.
constitutional provisions e.g.
election to post or name of			Honorary Officers must be nominated and
any person or body entitled			seconded by members ofthe Club in writing
to appoint one or more			and the nominations must be in the hands of
trustees			the Manager ofthe Club at least 42 days
			before the Annual General Meeting so that
			all necessary 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 may choose to include further statements			where relevant about:
Policies and procedures
adopted for the induction and
training oftrustees	Pate31	31
The charity’s organisational
structure and any wider
network with which the	ata
charityworks
Relationship with any related
parties	Para	1.51
Sa		es

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Reference and Administrative details

Charityname	Bournemouth HeartClub
Registered charitynumber	1006725
Charity’s principal address	Royal Bournemouth Hospital (F10)
	Castle Lane East
	Bournemouth Dorset BH77DW

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: Exemptions from disclosure

7

Names of the charity trustees who manage the charity

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||||||||| |---|---|---|---|---|---|---|---| |JohnColin|Slade|[Chairman||||Trustee since 2015| |Peter Wardell|||Vice|Chairman|Appointed|24|February|2022| |Vice|Chairman|19|October|2023| |Nigel|Priest|Treasurer|=||SY|Appointed|24 February 2022| |Graham|Fiexman|Secretary|Po|Trustee since 2018| |Jeffrey Osment|Trustee|Po|Appointed 24|February 2022| |Allan|Barton|Trustee|=f|Appointed|12 September 2024| |Lynette|Lovell|Trustee|||||Appointed|12 September 2024| |Richard|Stevenson|Resigned|15|May 2025|_| Appointed|12|September 2024| |Clare|Cooper|Resigned|4 August 2025|| Appointed|12|September 2024| |Sue|Strassheim|Resigned|25|July 2025|| Appointed|24|February 2022|

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Additional information (optional)

Names and addresses of advisers (Optional information)

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||||||||| |---|---|---|---|---|---|---|---| |Type|of|Name|Address| |adviser| |Name|of|chief executive|or names|of senior|staff members|(Optional|information)|

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Reason for non-disclosure of key personnel details

Other optional information

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, Ms Olivia Bailey - Operations Manager and Mrs Brandy Waters — Office Manager) whose duties include attending meetings of the Trustees Committee.

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Declarations

The trustees declare that they have approved the trustees’ report above.

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Signed 2,
on behalf of the charity’s | r ystees
Signature(s). fore~/ Ai ity anCJ Ca. ..
Fullname(s)}| John Slade Graham Flexman
Position (eg Secretary, Chairman Secretary
Chair, etc)
Date 20 October 2025
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Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

Charity registration number 1006725

BOURNEMOUTH HEART CLUB

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

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) Mr Jeff Osment Ms Lynette Lovell (Appointed 12 September 2024) Mr Allan Barton (Appointed 12 September 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

Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

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

Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

BOURNEMOUTH HEART CLUB

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their report and accounts of the charity for the year ended 31 March 2025.

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.

By the end of the financial year the Club was supporting 920 individuals to maintain or improve their fitness with a choice of 45 exercise classes each week. In the same period the percentage of members exercising more than 5 times per month has increased from 45% to 50%, enabling members to get closer to the World Health Organisation recommendation for cardiac fitness of 150 minutes per week.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

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Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

BOURNEMOUTH HEART CLUB

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Activities and actions undertaken by the Trustees and Management during the year 2024 to 2025 include:

• Fundraising has continued to be a valuable source of income for the Club with the Quiz Nights being especially popular raising in excess of £800 each event. We will continue to develop opportunities and links to various local organisations with the aim of not only raising funds but also encouraging people to join BHC thereby increasing our membership.

• We continued to engage with local media to improve our visibility and encourage new members. We had a visit in February from our local MP, Tom Hayes, which resulted in publicity in the local media and visibility on Tom’s Facebook page. Tom has continued to show an interest in an ongoing involvement with the Club and our aims.

• Staff recruitment has continued with the objective of producing a solid team of Management, Exercise Leaders and support staff to ensure ongoing business improvement and support for our members health goals.

• Following a number of trial initiatives we have focused our membership drive on proven pathways. These are specifically Cardiac Rehabilitation, Diabetes Refocuscise and Cancer Prehabilitation which are run in conjunction with UHD. We also have our own self-referral Keep Well Scheme which enables individuals at risk of ill health to apply to join.

• To underpin our sound working relationships with the Estates and Finance communities of UHD we continued to collaborate on maintenance issues and started to develop improvement plans for the deep cleaning and redecoration of our premises.

• We have initiated a clear structured Pay Review process for Management and Staff with the aim of rewarding and retaining our most valuable resource.

• We started to devolve responsibility and accountability to the Management Team for some expenditure items.

• We have installed new equipment and replaced some older equipment and fans in the gyms to improve the members comfort experience.

• Our leaflet about leaving a legacy to BHC has been improved, printed and distributed and is, we believe, a much more informative and readable document.

• The Trustees reviewed the monthly fee and determined that an increase from £25 to £30 was required to meet our costs and avoid the depletion of the club reserves. It is worth noting that even with the increase those members who exercise the prescribed 2 times per week get better value than under the previous payas-you-go system.

• We have begun to develop plans to refurbish the changing rooms and improving the lounge areas.

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Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

BOURNEMOUTH HEART CLUB

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Financial review

The Trustees have reaffirmed that the financial priorities of Bournemouth Heart Club are: -

• To 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 2024/25, the second year of the 3-year Plan, we have achieved: -

1. We maintained our monthly direct debit membership fee of £25 in view of the Cost-of-Living Crisis which impacted members and employees alike. Our aim of ensuring regular incomes to fund the bulk of the staff costs of the Club was achieved. Due to spiraling inflation and increased Government minimum wage levels we decided to award our staff an appropriate wage increase. As a result, our exercise fees covered 70% of staff costs, a little lower than the 74% achieved in 2023/24. During the year we also grew our workforce, employing them on fulltime flexible contracts, essential to offer new exercise classes for the benefit of members.

2. We maintained our Cash Reserves to a similar level recorded in March 2024.

On 31st March 2025 Investments, Bank and Building Society savings accounts and cash at bank and in hand totaled £1,007,688 (2024: £1,001,775). After paying creditors the sum of £33,314 (2024: £29,299), there remains £974,374 (2024: £972,476) for the purposes prescribed in our Constitution.

1. The remaining costs of running the Club were met by our energetic Fundraising efforts and by recharging maintenance costs to University Hospitals Dorset as allowed by our Lease. We were fortunate to benefit from Legacies left by past members to the value of £30,727. We strive to direct any significant legacy payments received towards improving and growing the Club.

2. The Trustees have reviewed the justification and governing policies for the Designated Reserves that we now hold as detailed in Section 22 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.

3. 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.

The Trustees have assessed the major financial risks to which the charity is exposed and are satisfied that processes and procedures are in place to mitigate exposure to the these risks.

Activities and actions planned to be undertaken by the Trustees and Management during the year 2025 to 2026 will include:

• The primary focus for the Trustees, Management and staff during 2025-26 will be to retain our existing members and to develop new sources for new members.

• We will continue to develop a Capacity Planning model to forecast requirements based on Members vs Staffing vs Space vs Training.

• We will develop a robust cleaning schedule to ensure we have the safest environment for our members.

• We will initiate active support of our members, providing encouragement through the onboarding process and ongoing membership in order to maximise the health benefits to them.

• We will continue the development of an on-line booking system supporting self-management of booking exercise sessions for those members who wish to use it. We will ensure there is parity of access for on-line and existing booking routes.

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Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

BOURNEMOUTH HEART CLUB

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Activities and actions planned to be undertaken by the Trustees and Management during the year 2025 to 2026 (continued)

• We will develop a roll out plan for:

• Refurbishment of the changing rooms;

• Redecoration throughout the Club.

• Building an Assessment Room to replace the existing partitioned area providing more privacy during assessments;

• Refurbishing the lounge area including carpets and chairs.

• Development of our Policy and Procedures for dealing with disruptive behaviour in accordance with the Club’s Zero-Tolerance Policy.

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 (Resigned 25 July 2025) Mr Jeff Osment Mrs Clare Cooper (Appointed 12 September 2024 and resigned 4 August 2025) Ms Lynette Lovell (Appointed 12 September 2024) Mr Allan Barton (Appointed 12 September 2024) Mr Richard Stevenson (Appointed 12 September 2024 and resigned 15 May 2025)

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, Ms Olivia Bailey - Operations Manager, and Mrs Brandy Waters - Office 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

| .............................. FoeSigned18CF806B1FD14E6...Stolo by: Mr John Slade Chairman 29/8/2025 Dated: .........................

.............................. | MylSigned3387AA39C7EB4AA... by:Privst Mr Nigel Priest Treasurer

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Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

BOURNEMOUTH HEART CLUB

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2025

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.

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Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

BOURNEMOUTH HEART CLUB

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOURNEMOUTH HEART CLUB

I report to the Trustees on my examination of the financial statements of Bournemouth Heart Club (the charity) for the year ended 31 March 2025.

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).

I 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 I 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. I confirm that I am qualified to undertake the examination because I 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.

I 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.

I have completed my examination. I 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.

I 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.

[Hill] |[ames] DocuSigned by: J. Hill FCCA ACA 59D1490B94534371... Hill Osborne

Chartered Accountants

Tower House Parkstone Road Poole BH15 2JH

29/8/2025 Dated: .........................

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Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

BOURNEMOUTH HEART CLUB

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted Unrestricted funds funds general designated 2025 2025 Notes £ £ Income from: Donations and legacies 3 53,063 - Charitable activities 4 287,459 - Activities for generating funds - sales of books, shirts, raffles etc. 5 21,123 - Investments 6 43,783 - Total income 405,428 - Expenditure on: Raising funds 7 4,398 - Charitable activities 8 415,286 - Total expenditure 419,684 - Net gains/(losses) on investments 13 (7,296) - Net income/(expenditure) (21,552) - Transfers between funds (9,229) 9,229 Net movement in funds (30,781) 9,229 Reconciliation of funds: Fund balances at 1 April 2024 274,166 1,278,995 Fund balances at 31 March 2025 243,385 1,288,224	Total Unrestricted Unrestricted funds funds general designated 2025 2024 2024 £ £ £ 53,063 102,001 - 287,459 221,428 - 21,123 12,278 - 43,783 12,776 - 405,428 348,483 - 4,398 1,447 - 415,286 308,953 - 419,684 310,400 - (7,296) 52,400 - (21,552) 90,483 - - (225,789) 225,789 (21,552) (135,306) 225,789 1,553,161 409,472 1,053,206 1,531,609 274,166 1,278,995	Total 2024 £ 102,001 221,428 12,278 12,776
		348,483
		1,447 308,953
		310,400
		52,400
		90,483 -
		90,483 1,462,678
		1,553,161

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

BOURNEMOUTH HEART CLUB

BALANCE SHEET

AS AT 31 MARCH 2025

			2025			2024
	Notes	£		£	£		£
Fixed assets
Tangible assets	15			521,920			536,282
Current assets
Stocks		1,071			967
Debtors	16	34,244			43,436
Investments	17	942,331			908,838
Cash at bank and in hand		65,357			92,937
		1,043,003			1,046,178
Creditors: amounts falling due within	19
one year		33,314			29,299
Net current assets				1,009,689			1,016,879
Total assets less current liabilities				1,531,609			1,553,161
The funds of the charity
Unrestricted funds - general				243,385			274,166
Unrestricted funds - designated	22			1,288,224			1,278,995
				1,531,609			1,553,161

29/8/2025

The financial statements were approved by the members of the Committee on .........................

.............................. .............................. | FoeSigned Stolo by: | MylSigned by:Privst Mr John Slade (Chairman) 18CF806B1FD14E6... Mr Nigel Priest (Treasurer) 3387AA39C7EB4AA... Trustee Trustee

• 8 -

Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

BOURNEMOUTH HEART CLUB

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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 -

Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

BOURNEMOUTH HEART CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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	3 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 -

Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

BOURNEMOUTH HEART CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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 -

Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

BOURNEMOUTH HEART CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

3 Income from donations and legacies

	Unrestricted	Unrestricted
	funds	funds
	2025	2024
	£	£
Donations and gifts	22,336	18,649
Legacies receivable	30,727	83,352
	53,063	102,001
Donations and gifts
General donations	18,500	11,561
Gift aid	2,296	3,548
Car parking fees (non-returnable)	1,540	3,540
	22,336	18,649
Legacies receivable
Legacies receivable (under £5,000)	4,708	2,352
Legacies receivable (over £5,000)	26,019	81,000
	30,727	83,352

• 12 -

Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

BOURNEMOUTH HEART CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

4 Charitable activities

Charitable activities
	Unrestricted	Unrestricted
	funds	funds
	2025	2024
	£	£
Exercise fees	200,071	151,442
Exercise fees - Keep Well	13,308	14,485
Exercise fees - Respiratory	-	128
Exercise fees - Diabetes	-	74
Car Park Fobs - Rehab	7,700	5,335
Car Park Fobs - Keep Well	1,580	1,160
Car Park Fobs - Respiratory	-	20
Car Park Fobs - Diabetes	-	35
Diabetes Grant	19,731	9,006
Health Assessments	892	930
Cancer Grant	2,000	4,000
RBCH Trust - reimbursed	36,297	26,523
UHD - 50% Staff Contribution	-	850
UHD - Gym Hire	5,880	7,440
	287,459	221,428

• 13 -

Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

BOURNEMOUTH HEART CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

5 Activities for generating funds - sales of books, shirts, raffles etc.,

	**Unrestricted **	Unrestricted
	funds	funds
	2025	2024
	£	£
Just Giving	1,271	476
Live As you Give	16	-
Easy Fund Raising	150	46
Raffles	4,670	2,167
Rotary Club Donations	610	610
Christmas Lunches	2,700	-
Locker Tokens	52	13
Quiz	4,097	3,070
Commission from BHC Merchandise	-	129
100 Club	2,376	2,292
Water	237	116
BH Coastal Lottery	1,349	1,674
Much Loved	1,545	413
Amazon Smile	-	227
PayPal Giving	47	6
Purple Patch	423	103
Coffee Mornings/Cream Teas	986	280
Other items	594	656
	21,123	12,278
Income from investments
	Unrestricted	Unrestricted
	funds	funds
	2025	2024
	£	£
Other investment dividends receivable	8,455	-
Other investment interest receivable	27,607	12,776
Other investment capital gains/losses	7,721	-
	43,783	12,776

6 Income from investments

• 14 -

Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

BOURNEMOUTH HEART CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

7 Expenditure on raising funds

	Unrestricted	Unrestricted
	funds	funds
	2025	2024
	£	£
Costs of generating donations and legacies
100 Club	1,200	1,300
Lottery licence	20	20
Other fundraising costs	3,178	127
	4,398	1,447
Charitable activities
	Unrestricted	Unrestricted
	funds	funds
	2025	2024
	£	£
Exercise staff costs	202,235	160,276
Office staff costs	67,384	33,716
Office and centre costs	85,798	64,032
Prevention staff costs	4,540	5,051
Cleaning staff costs	25,322	23,582
Employers National Insurance	19,013	10,489
	404,292	297,146
Share of governance costs (see note 10)	10,994	11,807
	415,286	308,953

8 Charitable activities

• 15 -

Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

BOURNEMOUTH HEART CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

9 Office and centre costs

Office and centre costs
	Unrestricted	Unrestricted
	funds	funds
	2025	2024
	£	£
Insurance	4,631	4,692
Just Giving subscription	216	180
Go Cardless charges	4,768	3,058
Advertising - leaflets	405	1,310
Minor exercise equipment	1,723	1,731
Investment portfolio charges	4,986	-
Advertising/ leaflets - Keep Well	251	-
Exercise equipment maintenance	276	855
Air conditioning maintenance	672	640
Website maintenance	-	58
Sportsoft software	1,440	1,440
Zoom software	159	152
Telephone	141	131
Printing, postage and stationery	3,409	2,387
Bank charges	140	144
Equipment hire - card machine	244	24
EVO charges	568	579
Rates	3,316	2,861
Repairs and maintenance	10,960	1,790
New car park fobs	921	1,264
Car park fobs refunds	20	25
Car park fobs refunds - Rehab	2,100	1,820
Cleaning	711	703
Depreciation - exercise and cardiac equipment	7,762	3,411
Depreciation - office equipment and fixtures & fittings	418	309
Depreciation - lease	23,911	23,911
IT maintenance and support	5,259	4,978
Payroll software	315	420
Minor office equipment	171	361
Locker tokens	196	413
Staff refreshments	47	11
Staff Christmas gifts	-	99
Travel costs	9	9
Staff training	2,040	2,105
DBS checks for trustees	-	36
Refreshments for members	1,179	1,150
Staff uniforms	864	483
Sundry costs	519	492
Staff Christmas meal	494	-
Sum Up charges	7	-
Bad debt write off	550	-
	85,798	64,032

• 16 -

Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

BOURNEMOUTH HEART CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

10 Support costs allocated to activities

Charitable activities 2025 £ Governance 10,994 2025 Governance costs comprise: £ Independent examination 3,174 Legal and professional 3,166 Bookkeeping fees 4,654 10,994	Total 2024 £ 11,807
	2024 £ 2,982 3,233 5,592
	11,807

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:
	2025	2024
	Number	Number
Full time equivalent	11.10	8.62
There were no employees whose annual remuneration was £60,000 or more.

13 Gains and losses on investments

	Unrestricted	Unrestricted
	funds	funds
	2025	2024
Gains/(losses) arising on:	£	£
Revaluation of investments	(7,296)	52,400

Following a recommendation from our Independent Examiner to report separately the income and cost elements previously contained within the Investment Portfolio valuation this was implemented for 2024/25 - see Note 6 and Note 9

• 17 -

Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

BOURNEMOUTH HEART CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

14 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

15 Tangible fixed assets

Cost At 1 April 2024 Additions At 31 March 2025 Depreciation and impairment At 1 April 2024 Depreciation charged in the year At 31 March 2025 Carrying amount At 31 March 2025 At 31 March 2024 Debtors Amounts falling due within one year: Gift aid receivable RBCH Trust Prepayments and accrued income UHD	Lease Exercise and cardiac equipment Fixtures and fittings £ £ £ 597,778 62,544 43,801 - 17,402 - 597,778 79,946 43,801 71,733 52,725 43,801 23,911 7,762 - 95,644 60,487 43,801 502,134 19,459 - 526,045 9,819 -	Office equipment £ 5,334 327 5,661 4,916 418 5,334 327 418 2025 £ 2,287 2,238 24,499 5,220 34,244	Total £ 709,457 17,729
			727,186
			173,175 32,091
			205,266
			521,920
			536,282
			2024 £ 3,548 1,839 31,139 6,910
			43,436

16 Debtors

• 18 -

Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

BOURNEMOUTH HEART CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

17 Investments Charity Bank Redwood Bank Cambridge & Counties Bank United Trust Bank Dudley Building Society Yorkshire Building Society Investec Wealth & Investment Portfolio Quilter Plc Portfolio 18 Cash at bank and in hand HSBC Treasury account HSBC Savings account EVO account Sum Up account Cash in hand 19 Creditors: amounts falling due within one year Notes Other taxation and social security Deferred income 20 Trade creditors Accruals 20 Deferred income Deferred income is included in the financial statements as follows: Deferred income is included within: Current liabilities Movements in the year:	2025 £ 82,000 85,000 88,938 77,362 20,000 981 320,805 267,245 942,331 2025 £ 17,925 45,000 635 508 1,289 65,357 2025 £ 6,421 15,516 6,659 4,718 33,314 2025 £ 15,516	2024 £ 82,000 85,000 85,272 77,362 - 2,762 312,898 263,544
		908,838
		2024 £ 7,025 84,222 157 - 1,533
		92,937
		2024 £ 3,734 15,010 6,669 3,886
		29,299
		2024 £ 15,010

• 19 -

Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

BOURNEMOUTH HEART CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

20 Deferred income Deferred income at 1 April 2024 Released from previous periods Resources deferred in the year Deferred income at 31 March 2025	(Continued) 15,010 7,235 (15,010) (7,235) 15,516 15,010 15,516 15,010

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 £5,628 (2024- £3,434) 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/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	At 1 April 2024 £ 400,000 100,000 526,045 2,950 100,000 100,000 50,000 1,278,995 At 1 April 2023 £ 400,000 100,000 549,956 3,250 - - - 1,053,206	Transfers At 31 March 2025 £ £ - 400,000 - 100,000 (23,911) 502,134 8,140 11,090 25,000 125,000 - 100,000 - 50,000 9,229 1,288,224 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

• 20 -

Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

BOURNEMOUTH HEART CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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 2025 2025 £ £ Fund balances at 31 March 2025 are represented by: Tangible assets 19,786 502,134 Current assets/(liabilities) 223,599 786,090 243,385 1,288,224 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	Total 2025 £ 521,920 1,009,689
	1,531,609
	Total 2024 £ 536,282 1,016,879
	1,553,161

• 21 -

Docusign Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

BOURNEMOUTH HEART CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

24 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

• 22 -

, Envelope ID: 810251A2-0A95-4F1C-A7F3-286C5C50C62E

|

BOURNEMOUTH HEART CLUB INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOURNEMOUTH HEART CLUB titi | report to the Trustees on my examination of the financial statements of Bournemouth Heart Club (the charity) for the year ended 31 March 2025. 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 a section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member ‘0 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.[Hill] | HAF[James] OCMATADoouSigned by: Hill Osborne Chartered Accountants

Tower House i Parkstone Road

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Poole BH15 2JH

Dated: 5 NB202S

~6-