2021-03-31-accounts - The Basingstoke And Alton Cardiac Rehabilitation Charity Limited

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Contents	Page
Directors, trustees, officers and advisers	2-3
Trustees' Annual Report for the year ended 31March 2021	4-10
Independent Examiner's Report
Statement of Financial Activities	12
Balance Sheet 31March 2021	13
Cash flow statement for the year ended 31March 2021	14
Notes to the Financial Statements	15-26
Detailed Statement of Financial Activities	27-29

Statement of Financial Activities
	Note	Unrestricted	Restricted	Total	Total
		Funds	Funds	2021	2020
		E	E	E	E
Income and Endowments from:
Charitable activities
Provision ofexercise facilities		135,021	37,012	172,033	139,636
Trading and fundraising		73,683	1,000	74,683	102,220
Donations and legacies		160,769	40,921	201,690	126,689
Investment income		24		24	64
Tota I Income		369497	78933	448 430	368 609
Expenditure on:
Cost of raising funds		56,603	4,474	61,077	55,076
Charitable activities
Provision ofexercise facilities		221 169	56 888	278057	317292
Total Expenditure		277 772	61362	339134	372 368
Net income/(expenditure) for the year		91,725	17,571	109,296	(3,759)
Net gains/(losses) on investments		52,702		52,702	(267)
Transfer between Funds		(131)	131
Net movement in funds for the year		144,296	17,702	161,998	(4,026)
Reconciliation of Funds:
Total Funds brought forward		674 962	17638	692 600	696 626
Total Funds carried forward		819258	35340	854 598	692 600

Balance Sh	eet as	at 3	1March 2021
				Note	Unrestricted	Restricted	Total	Total
					Funds	Funds	2021	2020
					f	f	f	f
Fixed Assets
Tangible fixed assets				9	331,994	18,789	350,783	357,403
Intangible fixed assets				9	210	4,091	4,301	4,790
Investments				10	325 163		325 163	272 461
					657 367	22 880	680 247	634 654
Current Assets
Stocks				11	1,336		1,336	1,775
Debtors: amounts		due within one year		12	33,299		33,299	32,252
Cash at bank	and in	hand			220 211	12460	232 671	59551
					254,846	12,460	267,306	93,578
Creditors: amounts year		falling due within one		13	L992955,		92 955	35632
Net Current	Assets				161891	12460	174351	57 946
Total Assets	less Current		Liabilities		819,258	35,340	854,598	692,600
Net Assets					819258	35 340	854 598	692 600
Funds
Restricted funds				14			35,340	17,638
Unrestricted	funds			14			819258	674 962
Total Funds							854 598	692 600

Cash Flow Statement for year ended	Cash Flow Statement for year ended	31March 2021
				Table	2021	2020
					f	f
Cash generated from operating activities:
Net cash provided by (used in) operating	activities				133,398	314
Cash flows from investing activities:
Cash flows from other sources:
Bank interest received					24	64
HSBC Bounce Back Loan					50,000
Proceeds from sale of Investment					25,000
Application ofcash:
Payment for tangible fixed assets					(9,312)	(7,760)
Payment for intangible fixed assets					(990)	(1,302)
Payment for investments					L225000	L550000000
Net cash provided by (used in) investing	activities				39722	58998
Cash flows from financing activities:
Movement in intercompany balance
Net increase/(decrease) in cash:					173,120	(58,684)
Cash at bank and in hand at 1April 2020					59551	118235
Cash at bank and in hand at:31March 2021					232 671	59551
Table 1:
Reconciliation ofnet income/(expenditure)	to net cash flow from operating			activities
					2021	2020
					f	f
Net income/(expenditure) for the reporting		period (as per the Statement	of
Financial Activities)					161,998	(4,026)
Change in market value ofinvestments					(52,702)	267
Depreciation charges					17,411	16,634
Interest received					(24)	(64)
Loss/(profit) on the sale oftangible fixed	assets
(Increase)/decrease in stocks					439	(37)
Decrease/(increase) in debtors					(1,047)	(23,923)
Increase in creditors					7 323	11463
Net cash provided by / (used in) operating	activities				133398	314

Where the value ofd Financial Instruments	Where the value ofd Financial Instruments	onated	assets a	assets a	n	d services ca	d services ca	nnot be	reliably estimated, then	no such adjustm	ent is made.
The Charity only has		financial	assets			and financial		liabilities	of a kind that qualify	as basic financial	instruments.	Basic
financial instruments		are initially		recognised			at transaction		value and subsequently	measured at their settlement		date.
Income from	Charitable		Activities
										2021		2020
										f		f
Exercise classes										29,781	122,440
Course fees												450
Room hire										1,178		14,955
Income from	HM Government			re	COVID (grants)					41,329
Insurance Claim re		COVID								62,732
Other income										1		60
Unrestricted	income									135,021	137,905
Restricted income:		HM Government				re COVID (furlough)				37012		1731
Total income	from	charitable		activities						172033	139636
Other ancillary activities
										2021		2020
										f		f
Event takings										30,058	52,512
Grand draws										20,845	17,420
Sales										4,856		6,681
100Club donations										4,259		5,077
Flag days and	collection tins									104		3,837
Lottery										13561	14 787
Unrestricted	income									73,683	100,314
Restricted income:		Events	takings							1 000		1 906
Total income	from	other ancillary			activities					74 683	102 220

5	Oonations and Legacies	Oonations and Legacies	Oonations and Legacies
							2021	2020
							E	E
	Regular giving						11,238	7,483
	Donations and gifts						53,803	35,369
	Legacies						50,939	13,000
	In memoriam						4,909	6,170
	Trusts and Foundations						39880	16500
	Unrestricted income						160769	78 522
	Restricted income —regular			giving			960	1,200
	Restricted income —services				provided	in kind	16,508	37,917
	Restricted income —Statutory				grants		1,550	4,050
	Restricted income —Trusts		and Foundations				21903	5 000
	Restricted income						40921	48 167
	Total income from donations				and legacies		201690	126 689
6	Investment income
							2021	2020
							E	E
	Bank interest receivable						24	64
							24	64
7	Expenditure
	Costs ofgenerating funds
							2021	2020
							E	E
	Staff costs						32,381	34,849
	Complete Fundraising	costs					10,771
	Publicity and marketing						3,953	2,836
	Events expenses						6,170	13,389
	Merchandise purchases						2,126	2,578
	Support costs						1202	1214
	Unrestricted						56,603	54,866
	Restricted: Staff costs						4474	210
	Total costs ofgenerating		funds				61077	55 076

Expenditure (continued)	Expenditure (continued)	Expenditure (continued)
Costs ofcharitable	activities
				2021	2020
				f	f
Provision ofexercise facilities:
Staff costs				108,941	132,823
Rent, rates and water				258	3,694
Insurance				3,955	3,312
Light and heat				4,184	6,632
Telephone				2,474	2,685
Postage, stationery	and	printing		3,609	6,340
Sundries					44
Cleaning				4,168	7,292
Repairs and maintenance				6,967	7,788
Health and safety				1,909	62
Subscriptions				978	680
Travel expenses				42	523
Staff recruitment				342	275
Bank charges				993	1,676
Staff refreshments				29	1,062
Staff uniforms				126
Training				762	296
Physical training instructors				51,985	62,544
Health programme	expenses			895	627
Course expenses					346
ITcosts				11,796	12,291
Depreciation				11,448	12,220
Loss on disposal of	tangible assets
Support costs				5 308	6 791
Unrestricted expenditure				221 169	270 003
Restricted expenditure
Salaries: Administration				26,923	1,340
Salaries: Health Programme				5,616	182
Cardiologist fees				7,650	28,160
Staff training				900	828
Gym equipment maintenance				1,478	2,348
IT					759
Depreciation on Restricted Assets				5,963	4,415
Support costs —services		provided	in kind	8358	9 257
Restricted expenditure				56 888	47 289
Total costs ofcharitable		expenditure		278 067	317292

						2021	2020
						E	E
	Support costs
	Support costs ofgenerating			voluntary	income	1,202	1,214
	Support costs ofcharitable			activities		13666	16048
						14868	17262
	Governance	costs included		in Support	costs	2,066	2,646
Net	incoming/(outgoing)		resources for the year is stated after charging:
						2021	2020
						E	E
	Depreciation	—owned	assets			17,411	16,635
	Independent	Examiner's fee				2,040	2,620

mployee inform	ation
		2021	2020
		E	E
Total staff costs	comprise:
Wages and salaries		169,201	160,361
Social security costs		5,625	5,981
Pension contributions		3 509	3 063
		178335	169405
Cost ofgenerating	funds: staff costs	36,855	35,060
Cost ofcharitable	activities: staff costs	141480	134345
Total staff costs		178335	16940

							Unrestricted	Restricted	Restricted	Total
							Funds		Fund	Funds
							f		f	f
Income and Endowments		from:
Charitable activities
Provision ofexercise	facilities						137,905		1,731	139,636
Trading and fundraising							100,314		1,906	102,220
Donations and legacies							78,522		48,167	126,689
Investment income							64			64
Total Income							3168D5		51804	368 609
Expenditure on:
Cost of raising funds							54,866		210	55,076
Charitable activities
Provision ofexercise	facilities						270 DD3		47 289	317292
Total Expenditure							324 869		47 499	372 368
Net Income/(expenditure)			for the year				(8,064)		4,305	(3,759)
Net gains/(losses) on	investments						(267)			(267)
Net movement in funds for			the year				(8,331)		4,305	(4,026)
Reconciliation offunds
Total Funds brought	forward						683 293		13 333	696 626
Total Funds carried forward							674962		17638	692 600
Fixed Assets
Tangible Fixed Assets
				Leasehold		Fitness	Office	~Com	uter
				~Pro ert	~eui	ment	~Eui ment	~Eui	ment	Total
										f
Cost
At 1April 2020				458,918		67,471	37,908	17,886		582,183
Transfers
Additions						966	6,408		1,938	9,312
Disposals							~3407		~645	~4052
At 31March 2021				458 918		68 437	40 909	19179		587 443
Accumulated depreciation
At 1April 2020				120,258		62,563	36,234		5,725	224,780
Transfers
Charge for the year				9,179		2,410	1,042		3,301	15,932
On disposals							~3407		~645	~4052
At 31March 2021				129437		64 973	33 869		8381	236 660
Net book value
At 31March 2021				329481		3464	7 040	10798		350783
At 31March 2020				338660		4908	1674	12161		357403
				Page	21

ixed Assets (continued) ntangible Fixed Assets
	~Com	uter
	Software		Total
			f
Cost
At 1April 2020		6,762	6,762
Additions		990	990
At 31March 2021		7 752	7 752
Accumulated depreciation
At 1April 2020		1,971	1,971
Charge for the year		1480	1480
At 31March 2021		3451	3451
Net book value
At 31March 2021		4 301	4301
At 31March 2020		4 790	4 790

021:
						Investment	Fixed	Total
						Fund	Interest
							Fund
						2021	2021	2021	2020
						f	f	f	f
Market value		at beginning	ofthe year			222,626	49,835	272,461	222,728
Acquisitions		at cost				25,000		25,000	50,000
Sales at market value						(25,000)		(25,000)
Net unrealised profit/(loss)				on revaluation	at end of	51879	823	52 702	267
year
Market value		at end ofyear				274 505	50 658	325 163	272 461
Analysis of investments
								2021	2020
Investment	Fund							Asset	Asset
								allocation	allocation
Overseas equities								67.23%	60.21%
UK equities								9.89%	12.60%
Infrastructure		and operating		assets				9.12%	9.68%
Cash								4.83%	6.20%
Property								3.90%	5.37%
Contractual	and other income							2.68%	3.25%
Private equity and other								2.01%	2.15%
Fixed interest								0.34%	0.54%

	Investments		held	as fixed assets (continued)
					2021	2020
	Fixed Interest	Fund			Asset	Asset
					allocation	allocation
	Non-Government		Bonds		61.12%	58.11%
	Government	Bonds			37.78%	40.17%
	Cash				1.10%	1.72%
	Total				100.00%	100.00%
12	Stocks
					2021	2020
					f	f
	Merchandise				1 336	1775
13	Debtors: amounts			falling due within one year
					2021	2020
					f	f
	Prepayments	and accrued income			33,186	19,947
	Other debtors				113	12305
					33299	32 252
14	Creditors: amounts			falling due within one year
					2021	2020
					f	f
	Trade creditors				6,187	9,414
	Other taxation	and social security			2,375	2,665
	HSBC Bounce	Back Loan			50,000
	Other creditors				682	1,335
	Accrual and deferred			income	33711	22 218
					92 955	35632

uring th	e year not yet utilised, the movement is shown belo	w:
		2021	2020
		f	f
Balance	at 1"April 2020	16,132
Exercise	tokens purchased	36,855	135,451
Exercise	tokens utilised	~29 781	~119319
Balance	at31"March 2021	23 296	16 132

Movemen	t in fund	s
		At 1 April	movement	Transfer between	At 31 March	Net movement	Transfer between	At 31 March
			in funds	funds	2020	in funds	funds	2021
			2020	2020		2021	2021
		E	E	E		E	E
Unrestricted	Fuds
General Fund		141,495	(8,331)	117,977	251,141	144,427	(52,596)	342,972
Designated	fund:
Tangible Fixed Asset
fund		347,840		(9,179)	338,661		(10,873)	327,788
Capital expenditure		50,000		5,000	55,000		1,178	56,178
Expansion	reserve	67,395		(67,395)
Cardiologist	Fund
(previously	the local
impact reserve)		76 563		L446403	30 16D		62 160	92 320
		683 293	+88331		674 962	144427	~131	819258
Restricted	Funds
Restricted funds		13 333	4 3D5		17638	17571	131	35 34D
		13333	4 305		17638	17571	131	35 340
Total Funds		696626	~4 026		692 6DO	161998		854 598

					Net	Transfer	Net
			Incoming	Resources	movement	between	movement in
			resources	expended	before	funds	funds
					transfer
			2020	2020	2020	2020	2020
			f	f	f	f	f
Unrestricted		Funds
General fund			316,805	(325,136)	(8,331)	117,977	109,646
Designated		fund:
Tangible Fixed Asset						(9,179)	(9,179)
Capital expenditure						5,000	5,000
Expansion	reserve					(67,395)	(67,395)
Local impact		reserve				L446403	~46403
			316805	~325 136	8331		8331
Restricted	Funds
Restricted	funds		518D4	~47 499	4 305		4305
Total Funds			368609	372635	4 026		4 026
			Incoming	Resources	Net	Transfer	Net
			resources	expended	movement	between	movement in
					before	funds	funds
					transfer
			2021	2021	2021	2021	2021
			f	f	f	f	f
Unrestricted		Funds
General fund			422,199	(277,772)	144,427	(52,596)	91,831
Designated		fund:
Tangible Fixed Asset						(10,873)	(10,873)
Capital expenditure						1,178	1,178
Expansion	reserve
Localimpact		reserve				62 160	62 160
			422 199	277 772	144 427	~131	144296
Restricted	Funds
Restricted	funds		78 933	~61362	17571	131	17 7D2
Total Funds			501132	~339134	161998		161998

					2021	2020
					E	E
Income and Endowments	from:
Charitable activities
Exercise classes					29,781	122,440
Course fees						450
Room hire					1,178	14,955
Income from HM Government			re COVID		41,329
Insurance Claim re COVID					62,732
Other income					1	60
					135,021	137,905
Income from HM Government			re COVID —restricted		37012	1731
Total income from charitable		activities			172033	139636
Other activities
Events takings					30,058	47,462
Grand Draws					20,845	17,420
Lottery					13,561	14,787
Merchandise sales					4,856	6,681
100Club donations					4,259	5,077
Corporate sponsorship						5,050
Flag days and collection tins					104	3 837
					73 683	100 314
Restricted income —community			fundraising		1000	1 9D6
Total Other activities					74 683	1D2 220
Donations and Legacies
Regular giving					11,238	7,483
Donations and gifts					53,803	35,369
Legacies					50,939	13,000
In Memoriam					4,909	6,170
Trusts and Foundations					39880	16500
Unrestricted income					160 769	78 522
Restricted income —donations:			services provided	in kind	16,508	37,917
Restricted income —regular		giving			960	1,200
Restricted income —Statutory			grants		1,550	4,050
Restricted income —Trusts	and		Foundations		21 903	5000
Restricted income					40921	48 167
Total Donations and Legacies					2D1 690	126 689
Investment income
Bank deposit income					24	64
Total income and endowments					448430	368 609

					2021	2020
					E	E
Expenditure
Raising donations and	legacies
Salaries					29,385	30,075
National Insurance contributions					1,980	2,139
Pension contributions					1,016	939
Salaries —ex restricted	income				4,474	1,906
Complete Fundraising	costs				10,771
Publicity					3,953	2,836
Events expenses					6,170	13,389
Purchases					2 126	2 578
					59875	53 862
Charitable activities
Salaries					102,804	126,857
Salaries —ex restricted	income				32,539	1,522
National Insurance contributions					3,644	3,842
Pension contributions					2,493	2,124
Rent, rates and water					258	3,694
Insurance					2,955	3,312
Light and heat					4,184	6,632
Telephone					2,474	2,685
Postage and stationery					3,609	6,340
Sundries						44
Cleaning					4,168	7,292
Repairs and maintenance					6,967	7,788
Repairs and maintenance		—ex restricted		income	1,478	2,348
Health and safety					1,909	62
Subscriptions					978	680
Travel expenses					42	523
Staff recruitment					342	275
Bank charges					993	1,676
Staff refreshments					29	1,062
Staff uniforms					126
Training					762	296
Training —ex restricted	income				900	828
Physical training instructors					51,985	62,544
Restricted income —Cardiologist			fees		7,650	28,160
Health programme expenses					895	627
Course expenses						346
ITcosts					11,796	13,050
Depreciation —tangible		assets			11,208	11,979
Depreciation —tangible		assets —on restricted assets			4,724	3,455
Depreciation —intangible		assets			240	240
Depreciation —intangible		assets	—on restricted assets		1239	961
					264 391	301244
Support costs
Independent Examiner's		fee			2,040	2,620
Bookkeeping and payroll		fees			827	830
Lega I fees —restricted					8,358	9,797
Consultancy					3 643	4 016
					14868	17262
Total resources expend	e	d			339134	372369

Detailed Statement	of Financial Activities (continued)
for the year ended	31March 2021
		2021	2020
		E	f
Net Income/(expenditure)		109,296	(3,759)
Unrealised gain/(loss)	on Investments	62 702	267
Net movement in Funds		161998	4026