2023-03-31-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 2023	4-10
Independent Examiner's Report
Statement of Financial Activities	12
Balance Sheet 31March 2023	13
Cash flow statement for the year ended 31March 2023	14
Notes to the Financial Statements	15-26
Detailed Statement of Financial Activities	27-29

		Note	Unrestricted	Restricted	Total	Total
			Funds	Funds	2023	2022
			f	f	f	f
Income and Endowments	from:
Charitable activities
Provision ofexercise facilities			129,861		129,861	138,494
Trading and fundraising			118,383	2,375	120,758	104,760
Donations and legacies			68,254	53,911	122,165	279,192
Investment income			993		993	36
Totallncome			317491	562	373777	522 482
Expenditure on:
Cost of raising funds			82,768	297	83,065	114,206
Charitable activities
Provision ofexercise facilities		7	~282 729	~71610	~354339	355449
Total Expenditure			~365497	71907	4~37 404	4~69 655
Net income/(expenditure)	for the year		(48,006)	(15,621)	(63,627)	52,827
Net gains/(losses) on investments			(7,822)		(7,822)	29,910
Transfer between Funds			(7,900)	7,900
Net movement in funds	for the year		(63,728)	(7,721)	(71,449)	82,737
Reconciliation ofFunds:
Total Funds brought forward			~805 752	131	937 335	54 5
Total Funds carried forward			742 024	12 2	865886	937

				Note	Unrestricted	Restricte	Tata I	Total
					Funds	Funds	2023	2022
					E	E	E	E
Fixed Assets
Tangible fixed assets				10	330,342	92,982	423,324	383,317
Intangible fixed assets				10	22,425	7,874	30,299	9,352
Investments				11	347 251		~347 251	355 073
					700018	~100856	800874	747 742
Current Assets
Stocks				12	1,691		1,691	882
Debtors: amounts		due within one year		13	9,008		9,008	10,819
Cash at bank and	in	hand			82 699	~23 006	105705	221 254
					93,398	23,006	116,404	232,955
Creditors: amounts		falling due within one
year				14	51395		51395	43362
Net Current Assets					42 003	~23 006	65 009	189593
Total Assets less	Current		Liabilities		742,021	123,862	865,883	937,335
Net Assets					742 2021	12 862	~86 3	9~37335
Funds
Restricted funds				15			123,862	131,583
Unrestricted funds				15			742 021	805752
TotalFunds							~865 883	7335

Cash Flow Statement for year ended	Cash Flow Statement for year ended	31March 2023
			Table	2023	2022
				E	E
Cash generated from operating activities:
Net cash provided by (used in) operating	activities			28432	46 583
Cash flows from investing activities:
Cash flows from other sources:
Bank interest received				993	36
Proceeds from sale of Investment					298,230
Application ofcash:
Payment for tangible fixed assets				(60,299)	(50,865)
Payment for intangible fixed assets				(27,811)	(7,170)
Payment for investments					~298 230
Net cash provided by (used in) investing	activities			87 117	57999
Cash flows from financing activities:
Movement in intercompany balance
Net increase/(decrease) in cash:				(115,549)	(11,416)
Cash at bank and in hand at 1April 2022				221 254	~232 670
Cash at bank and in hand at 31March 2023				~105705	221254
Table 1:
Reconciliation ofnet income/(expenditure)		to net cash flow from operating	activities
				2023	2022
				E	E
Net income/(expenditure) for the reporting		period (as per the Statement of
Financial Activities)				(71,449)	82,737
Change in market value ofinvestments				7,822	(29,910)
Depreciation charges				26,624	20,226
Interest received				(993)	(36)
Loss/(profit) on the sale oftangible fixed	assets			532	225
(Increase)/decrease in stocks				(809)	454
Decrease/(increase) in debtors				1,811	22,480
(Decrease)/increase in creditors				8030	~49593
Net cash provided by / (used in) operating		activities		28 432	46 583

ome from	Charitable A	ctivi	tie	s
					2023	2022
					E	E
Exercise classes					123,923	108,775
Course fees					1,668	744
Room hire					3,970	2,780
Income from	HM Government	re	COVID (grants)			18,600
Other income					300	~1934
Unrestricted	income				129,861	132,833
Restricted income: HM Government				re COVID (furlough)		~5661
Total income	from charitable	activities			129861	~1384 4
ther ancillary activities
					2023	2022
					E	E
Event takings					74,348	55,977
Grand draws					16,955	19,356
Sales					9,635	8,768
100Club donations					3,347	4,286
Flag days and	collection tins				237	1,091
Lottery					13861	13384
Unrestricted	income				118,383	102,862
Restricted income: Events takings					2 375	1898
Total income	from other ancillary		activities		~120758	~14 760

S	Donations and Legacies	Donations and Legacies
						2023	2022
						E	E
	Regular giving					7,777	9,080
	Donations and gifts					13,770	18,767
	Legacies					20,942	54,499
	In memoriam					5,748	12,170
	Trusts and Foundations					20,017	39,000
	Total Unrestricted income					68 254	133516
	Restricted income —regular		giving			960	960
	Restricted income —legacies						4,000
	Restricted income —services		provided		in kind	10,101	33,164
	Restricted income —Statutory			grants		19,277	3,000
	Restricted income —Trusts and Foundations					23,573	104,552
	Total Restricted income					~53911	145676
	Total income from donations			and legacies		122 165	279 192
	Investment income
						2023	2022
						6	E
	Bank interest receivable					993	36
						993	36
7	Expenditure
	Costs ofgenerating funds
						2023	2022
						f	E
	Staff costs					38,748	37,363
	External Fundraising costs					13,671	48,046
	Publicity and marketing					6,977	8,925
	Events expenses					17,854	12,008
	Merchandise purchases					4,368	4,647
	Support costs					1,150	1,548
	Total Unrestricted					82 768	~112537
	Restricted: Publicity and Marketing					297	1,669
	Total costs ofgenerating	funds				83065	114206

Costs ofcharitable	activities
					2022
					g
Provision ofexercise facilities:
Staff costs				125,475	155,076
Rent, rates and water				1,336	2,545
Insurance				4,005	4,040
Light and heat				7,285	7,972
Telephone				2,395	2,217
Postage, stationery and printing				3,687	3,681
Sundries				121	180
Cleaning				9,048	8,538
Repairs and maintenance				6,547	9,877
I-Iealth and safety				126	74
Subscriptions				588	1,071
Travel expenses				343	186
Staff recruitment				675	1,227
Bank charges				1,371	2,109
Staff refreshments				2,018	1,019
Staff uniforms					60
Training					457
Cardiologist's fees				18,720
Physical training	instructors			65,555	67,371
Health programme expenses				177	478
Course expenses				351	140
Room hire costs				410
ITcosts				12,167	11,662
Doubtful debts					1,050
Depreciation				15,022	11,155
Loss on disposal oftangible assets				532	41
Support costs				4 775	4 750
Unrestricted expenditure				282 729	296976
Restricted expenditure
Salaries: Administration					3,442
Salaries: Health Programme				33,381	1,391
Cardiologist fees					27,600
Physical training	instructors			6,041	8,562
Staff training				1,512	652
Gym equipment	maintenance			3,039	1,723
Gym equipment					784
Loss on disposal	of restricted	assets			184
Property repairs	and renewals			4,740
Centre equipment	repairs and	renewals		1,694
Depreciation on	restricted assets			11,602	9,071
Support costs —services provided			in kind	~9601	5064
Restricted expenditure				71610	58473
Total costs ofcharitable expen		ditur	e	354 339	35544

Expenditure (cont)nued)	Expenditure (cont)nued)
Costs ofgenerating funds
				2023	2022
				E	E
Support costs
Support costs	ofgenerating	voluntary	income	1,150	1,548
Support costs	ofcharitable	activities		14376	~9814
				15526	~11362
Governance costs included		in Support	costs	2,576	2,926
Net incoming/(outgoing) resources for the year is stated after charging:
				2023	2022
				E	E
Depreciation —owned assets				26,624	20,226
Independent	Examiner's fee			2,550	2,900

mployee inform	ation
		2023	2022
		E	E
Total staff costs	comprise:
Wages and salaries		186,102	187,198
Social security costs		7,212	7,775
Pension contributions		4 290	3953
		197604	~198926
Cost ofgenerating	funds: staff costs	38,748	39,032
Cost ofcharitable	activities: staff costs	158856	~159894
Total staff costs		197604	~198926

9	Comparatives for	the	Statement	of Financial	Activities	Activities
						~Ui	d	Restricted			Tota I
						Funds			Funds		2022
							E		E		E
	Income and Endowments		from:
	Charitable activities
	Provision ofexercise	facilities				132,833			5,661		138,494
	Trading and fundraising					102,862			1,898		104,760
	Donations and legacies					133,516			145,676		279,192
	Investment income						36				36
	Total Income					369	247		~153235		522 482
	Expenditure on:
	Cost of raising funds					112,537			1,669		114,206
	Charitable activities
	Provision ofexercise	facilities				296	976		58473		355449
	Total Expenditure					409	513		60 142		469 655
	Net income/(expenditure)		for the year			(40,266)			93,093		52,827
	Net gains/(losses) on	investments				29,910					29,910
	Transfer between Funds					(3,150)			3,150
	Net movement in funds for the year					(13,506)			96,243		82,737
	Reconciliation ofFunds:
	Total Funds brought	forward				819	258		35 340		~854 598
	Total Funds carried forward					805	752		131583		7 335
10	Fixed Assets
	Tangible Fixed Assets
				l.easehold		Fitness		Office	~Com	uter
				~Pro ert	~Eui	ment	~Eui	ment	~Eui	ment	Total
				E							E
	Cost
	At 1April 2022			494,023		74,740		44,789	20,681		634,233
	Transfers
	Additions Disposals			59,355 ~766	~1122					944	60,299 ~1888
	At 31March 2023			552 612		73618		44 789	21625		6~92 644
	Accumulated depreciation
	At 1April 2022			138,731		67,229		33,460	11,496		250,916
	Transfers
	Charge for the year On disposals			10,975 ~234	1,969 ~1122			2,952		3,864	19,760 ~1356
	At 31March 2023			149472		68076		36412	~15360		?69320
	Net book value
	At 31March 2023			403 140		5 542		8377	~6265		423 324
	At 31March 2022			355 292		7511		~11329		9185	383317

ixed Assets (continued) ntangible Fixed Assets
	Website and a~to	tt	Total
Cost
At 1April 2022	14,922		14,922
Additions	27811		~27811
At 31March 2023	42 733		~42 733
Accumulated depreciation
At 1April 2022	5,570		5,570
Charge for the year	6864		6864
At 31March 2023	12434		~12434
Net book value
At 31March 2023	30299		~30299
At 31March 2022	9352		~9352

uoted inve 023:	st	ments	held in	CC	LA CO	IF Charity In	vestment Fund and CCLA C	vestment Fund and CCLA C	OIF Charity Fix	ed Interest Fun	d at31March
							Ethical		Fixed	Tota I	Total
							Investment		Interest
							Fund		Fund
							2023		2023	2023	2022
								E	E	E	E
Market value		at beginning		of	the year		306,716		48,357	355,073	325,163
Acquisitions		at cost									298,229
Sales at market value											(298,229)
Net unrealised			profit/(loss)			on	6	140	1682	7 822	29910
revaluation	at end ofyear
Market value		at end	ofyear				~300	76	~46 675	347251	355 073
Analysis of	investments
										2023	2022
Investment	Fund									Asset	Asset
										allocation	allocation
Overseas equities										63.769o	64.149a
UK equities										8.449o	8.509o
Fixed interest										7.679o
Infrastructure		and operating			assets					7.459o	9.06Yo
Cash										5.23'Yo	8.52Ya
Property										3.229o	4.58'Yo
Contractual	and other income									2.17No	2.76'Yo
Private equity and other										2.049a	2.449o
Derivatives										0.029a
Tota I										100.009o	100.00X

11	Investments held as fixed assets (continued)	Investments held as fixed assets (continued)	Investments held as fixed assets (continued)	Investments held as fixed assets (continued)
						2023	2022
	Fixed Interest Fund					Asset	Asset
						allocation	allocation
	Overseas Government		Bonds			53.85%
	Non-Government	Bonds				42.18%	63.19%
	Cash					2.65%	1.86%
	Government Bonds					1.32%	34.95%
	Total					100.00%	100.00%
12	Stocks
						2023	2022
						E	E
	Merchandise					~1691	8~8
13	Debtors: amounts		falling due within one year
						2023	2022
						f	E
	Prepayments and accrued income					8,289	8,749
	Other debtors					719	2070
						9008
14	Creditors: amounts		falling due within one year
						2023	2022
						E	E
	Trade creditors					13,354	12,578
	Other taxation	and social security				3,172	2,797
	Other creditors					2,049	1,506
	Deferred income					32820	26481
						51395	43 362
	The deferred income creditor as included			within the accrual and deferred income		relates to exercise	tokens
	purchased during the year not yet utilised,			the movement	is shown below:
						2023	2022
						f	E
	Balance at 1"April 2022					18,629	23,206
	Exercise tokens	purchased				26,054	21,471
	Exercise tokens	utilised				~22 188	~26 048
	Balance at 31"March		2023			22 495	18629

Movemen	t in fund	s
		At 1	Net	Transfer	At 31	Net	Transfer	At 31
		April	movement	between	March	movement	between	March
		2021	in funds	funds	2022	in funds	funds	2023
			2022	2022		2023	2023
			E	E		E	E
Unrestricted	Funds
General Fund		342,972	(10,356)	(14,331)	318,285	(55,828)	41,096	303,553
Designated	funds:
Tangible Fixed Asset
fund		327,788		(9,141)	318,647		10,853	329,500
Intangible	Fixed
Asset fund							22,425	22,425
Capital expenditure		56,178		20,322	76,500		(51,500)	25,000
Health Programme
Fund		92320			92 320		30774	61546
		819258	10356	3 150	805 752	55828	~7900	742 024
Restricted	Funds
Restricted	funds	35340	93093	~3150	131583	~15621	~7900	123862
		35 340	93093	~3150	131583	~15.621	~7900	123862
Total Funds		854 598	82 737		~937 335	~71449		865 886

				Net	Transfer	Net
		Incoming	Resources	movement	between	movement in
		resources	expended	before	funds	funds
				transfer
		2022	2022	2022	2022	2022
		E	E	E	E	E
Unrestricted	Funds
General fund		399,157	(409,513)	(10,356)	(14,331)	(24,687)
Designated	fund:
Tangible Fixed Asset					(9,141)	(9,141)
Intangible	Asset
Capital expenditure					20,322	20,322
Health Programme
		399157	~409513	L110356 .	~3150	~13506
Restricted	Funds
Restricted	funds	153235	~60 142	93093	3150	96243
Total Funds		552 392	469 655	~82 737		82 737
		Incoming	Resources	Net	Transfer	Net
		resources	expended	movement	between	movement in
				before	funds	funds
				transfer
		2023	2023	2023	2023	2023
		E	E	E	E	E
Unrestricted	Funds
General fund		309,669	(365,497)	(55,828)	41,096	(14,732)
Designated	fund:
Tangible Fixed Asset					10,853	10,853
Intangible	Asset				22,425	22,425
Capital expenditure					(51,500)	(51,500)
Health Programme					~30774	~30774
		~309669	365497	55828	~7900	~63 728
Restricted	Funds
Restricted	funds	~56 286	71907	15621	7900	7721
Total Funds		365955	~437404	~71449		7144

or the year ended 31M	ar	ch 2023
				2023	2022
				E	E
Income and Endowments from:
Charitable activities
Exercise classes				123,923	108,775
Course fees				1,668	744
Room hire				3,970	2,780
Income from HM Government		re COVID			18,600
Other income				300	1934
				129,861	132,833
Income from HM Government		re COVID —restricted			5 661
Total income from charitable	activities			12 861	138494
Other activities
Events takings				73,323	52,251
Grand Draws				16,955	19,356
Lottery				13,861	13,384
Merchandise sales				9,635	8,768
100Club donations				3,347	4,286
Corporate sponsorship				1,025	3,726
Flag days and collection tins				237	1091
				118383	102 862
Restricted income —community		fundraising		2 375	~1898
Total Other activities				120758	~1047
Donations and I.egacies
Regular giving				7,777	9,080
Donations and gifts				13,770	18,767
Legacies				20,942	54,499
In Memoriam				5,748	12,170
Trusts and Foundations				20017	~39000
Unrestricted income				68254	133516
Restricted income —donations:		services provided	in kind	10,101	33,164
Restricted income —regular	giving			960	960
Restricted income —legacies					4,000
Restricted income —Statutory		grants		19,277	3,000
Restricted income —Trusts and		Foundations		23573	~104 552
Restricted income				53911	~145 676
Total Donations and Legacies				122 165	279 192
Investment income
Rank deposit income				993	36
Total income and endowments				373777	224 2

								2023	2022
								E	E
Expenditure: Raising donations				and	legacies
Salaries								35,440	33,898
National Insurance contributions								2,259	2,405
Pension contributions								1,049	1,060
Salaries —ex restricted	income								1,669
External Fundraising costs								13,671	48,046
Publicity								6,977	8,925
Publicity —ex restricted		income						297
Events expenses								17,854	12,008
Purchases								4 368	4 647
								81915	112658
Charitable activities
Salaries								118,708	146,819
Salaries —ex restricted	income							31,954	4,833
National Insurance contributions								4,057	5,370
National Insurance contributions				—ex restricted			income	896
Pension contributions								2,710	2,887
Pension contributions	—ex restricted				income			531
Rent, rates and water								1,336	2,545
Insurance								4,005	4,040
Light and heat								7,285	7,972
Telephone								2,395	2,217
Postage and stationery								3,687	3,681
Sundries								124	178
Cleaning								9,048	8,538
Repairs and maintenance								6,547	9,877
Repairs and maintenance		—ex restricted				income		9,473	2,507
I-lealth and safety								126	74
Subscriptions								588	1,071
Travel expenses								343	186
Staff recruitment								675	1,227
Bank charges								1,371	2,109
Staff refreshments								2,018	1,019
Staff uniforms									60
Training									457
Training —ex restricted	income							1,512	653
Physical training instructors								65,555	67,371
physical training instructors			—restricted					6,041	8,562
Cardiologist fees								18,720
Cardiologist fees —ex restricted				income					27,600
Health programme expenses								177	478
Course expenses								351	140
Room Hire costs								410
ITcosts								12,167	11,662
Loss on disposal ofassets								532	41
Loss on disposal of restricted			assets						184
Provision for bad debts									1,050
Depreciation —tangible		assets						11,116	10,965
Depreciation —tangible		assets —on restricted assets						8,644	7,142
Depreciation —intangible		assets						3,906	190
Depreciation —intangible		assets		—on restricted			assets	2 958	1929
								339963	345 634

Detailed Statement	ofFinancial
forthe year ended	31March 2023
		2023	2022
		E	E
Expenditure: Support	costs
Independent Examiner's fee		2,550	2,900
Bookkeeping and payroll fees		951	1,252
Legal fees —restricted		9,601	5,064
Consultancy		2424	~2147
		15526	~11362
Total resources expended		4~37404	4~69 655
Net Income/(expenditure)		(63,627)	52,827
Unrealised gain/(loss)	on Investments	(7,822)	29,910
Net movement in Funds		71449	82 737