Cardiac Rehab Bosingstoke & Alton Cardiac Rehabilitation Charity Ltd Trustees. Annual Report and Unaudited Financial Statements for the year ended 31 March 2024 Taking fitness to heart eoisio¢ed Ot15ce.' Ciirdi¢iC ftoliab Cenire, Chjwioii P¢irk Roiid, Allon. l.lants GU34 1 RQ Regislercd iii England. No 27127.56 RegiStEI'ed Chonty No. 1013238
The Basingstoke and Alton Cardiac Rehabllltation Charity Limited Company Reglstratlon Number 2732756 Charlty Number 1013238 Annual Report and Flnancial Statements for the year ended 31 March 2024 Contents Page Directors, trustees, officer5 and advisers Trustees. Annual Report for the year ended 31 March 2024 4-10 Independent Examinerfs Report li Statement of Flnancial Activities 12 Balance Sheet 31 March 2024 13 Cash flow statement for the year ended 31 March 2024 14 Notes to the Flnanclal Statements IS-26 Detalled Statement of Flnancial Actlvities 27-29 Page I
The Basingstoke and Alton Cardiac Rehabilitation Charity Limited Company Reglstratlon Number 2732756 Charlty Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 Registered Office The Basingstoke and Alton Cardiac Rehabi litation Charity Limited Chawton Park Road Alton Hampshire GU34 IRQ Reglstered Company Number 2732756 Registered Charity Number 1013238 Patron Sirjames Scott Bt Directors and Trustees Dr Osama Alsanjari Mr Steve Ball Dr Hugh J N Bethell Mr Hugh C Bevan Mr Keith Burgess Mr Keith Charman Mrs Teresa Frost Mr Dominic Gardham Dr Mike G Hayward Ms Lisa Hen5haw Mrs Rosemary A Lewis Mr Christopher V Roche Dr Sally Turner appointed 28, May 2024 resigned 29 August 2023 a ppointed 27, Au8U5t 2024 Chairman resi8ned 15, November 2023 C.E,O. & Company Secretary Sarah Quarterman Board of Trustees Sub-committees during reporting year Governance, Flnance & Buildlngs Committee Hu8h Bevan Chair to August 2023 Dr Mike Hayward Keith Burge55 - Chalr from September 2023 Dominic Gardham Keith Charman Sarah Quarterman In Attendance.. Lynn Simpson (Finance Officerl Income Generation Committee Lisa Henshaw - Chair Rosemary Lewis Hugh Bevan to August 2023 Christopher Roche to November 2023 Dr Mike Hayward Sarah Quarterman In Attendance.. Denise Ellis (Commu nity and Events Fundraising) Laurence Stephenson (Com municationsl to Nov 2023 150bel Bretherton (Commu nicationsl from Jan 2024 Servlce Delivery Committee: Dr Hugh Bethell Dr Mike Hayward Dominic Gardham Keith Charman Chair Sarah Quarterman Or Sally Turner In Attendance.. Dr Russell Swart Iclinical Lead I Sarah Hill (Health Programme Manager) Denise Ellis Icentre Manager) Laurence Stephenson (Com municationsl to Nov 2023 Isobel Bretherton (Commu n ications) from Jan 2024 Page 2
The Basingstoke and Alton Cardlac Rehabilitation Charlty Llmited Company Registration Number2732756 Charity Number 1013238 Annual Report and Financlal Statements for the year ended 31 March 2024 Advisers Independent examiner and accountants D A Sanders BA IHonsl FCA Sheen 5tickland Chartered Accountants 2 Oriel Court Ome8a Park Alton Hampshire GU34 2YT Bankers HSBC 22124 Paddin8ton House Festival Place Ba5ingstoke Hampshire RG217U TSB 40, Hi8h Street Alton Hampshire GU34 IBQ Sollcitors Bookers and Bolton 88 Normandy Street Alton Hampshire GU34 IDH Human Resources Consultants Worknest Second floor 44-46 Springfield Road Hor5ham West Sussex RH12 2PD Health & Safety Consultants HSQE Group Suite V2, Farnborough House, Alexandra Road, Farnborough, Hampshire GU14 6DQ Page 3
The Basingstoke and Alton Cardiac Rehabilitation Charity Limited Company Registration Number 2732756 Charity Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 Chairman's statement Cardiac Rehab exists to improve the health of the heort ond cordiovasculor system of our beneficiaries. We also oim to improve strength, fitness, mobility and wellbeing. The fact that we ochieve this is borne out by the statistics shown in this report. 2023- 2024 saw this broadening of our remit come tofruition as we launched a new Cancer Rehabilitation Service which has received more than 40 referrals. We continue to work closely with NHS colleagues in primary and secondary care to provide on integrated pathwoyfor all long-term conditionsfor which specialist medicolly-led exercise can provide a benefit physicolly and mentolly. Whilst we have monoged to return to pre-COVID levels of exerciser numbers ond attendances, restoring to a degree choritoble income, the effect of recent inflution on staff andfocilities costs continues to meon thotfundroising is essentiolfor the survival of the charity which has no commissioning income. However, the growth through diversification is now apporent and we have o path towords ochieving sustainability which will ensure thot we can continue to improve the heort health. fitne55 and wellbeing of hundreds more beneficiaries well into thefuture. 8etween 2017 and 2023 our financial health wus closely monitored and stewarded by our Treasurer Hugh 8evan, who very sadly died in September 2023 from prostote concer. His contribution to C(Jrdioc Rehub throughout, purticulurly during the COVID years, was unstlnting, dedicated and deft. He was unfailingly courteou5, P051tive, ond supportive of the Board and staff alike. He is much missed by us 011. Our M1551on To reduce the incidence of cardiovascular disease usin8 medically supervised assessments with graduated and monitored exercise; to reduce frailty and so retain independence in older people; to extend the healthv lifespan (health-span) of people with underlying health conditions. What we do Cardiac Rehab provides high quality Integrated care including prevention, rehabilitation and education for patients recovering from, or at risk of. cardiac illne55es, at our purp05e-built Centre in Alton. We also offer cancer rehabilitation exercise pro8rammes and in conjunction with the Alton Community Hospital Phy510therapy department provide falls prevention classes with fraller exercisers attending the physio Fa115 Prevention at the Centre and graduating to our higher capability Steady & Strong classes. Our Rehabilitation pro8rammes take referrals frorn the NHS Hospltal Phase 3 cardiac Ca rd iac Rehab rehabilitation, tertiary Pulmonary rehabilitation services, cancer hospital services or primarv Taking fitness io heart are coordinators and lon8-COVID GP referrals. Staywell prirnary prevention helps those at high risk IQRISK>151 of coronary heart disease to increase fitness and reduce risk factors for heart disease, through exercise. Referral is usually by GP but can be self-referred and we work closely with the A31 Primary Care Network and other GP surgeries withln our catchment area. fte.hoo Staywell For all referrals, we take medical history, and depending on risk factor5, either Dr Russell Swart or the health programme team asse55 exercisers Ipatientsl capability and functional capacity, may complete an ECG Treadmill test if there is history of cardiac or cardiovascular disease. Exercisers have a bespoke exercise programme, assigned to a cla55 or independent exercise based on fitness level. After 20 se55ion5 of exercise, they are re-tested and fitness leve15 calculated. The Centre is open for a range of exercise se5sion5, both cla55 based and independent sessions, between 8.'OOam - 8:00pm Monday to Thursday, 7.'45am- 5'.30pm Friday and 8:00am- 11.'30am on Saturdays. We run an online class and an outdoor class, and non-machine b35ed classes such as Tai Chi and Heartbeat, a movement to music cla55. The Charity has also provided an office and acce55 to our gym facilities, free of charge, for Hampshire Hospitals NHS Foundation Trust IHHFTI Cardiolo8y Department to run its Phase 3 post-operative outpatient cardiac rehabilitation and associated doctors, clinics for a number of years. The Trustees are in discussions with HHFT concerning financial contribution for these facilities. Page 4
The Basingstoke and Alton Cardiac Rehabilltation Charity Limited Company Registratlon Number 2732756 Charlty Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 Achievements and Performance for the Year Charitable octlvlties In February 2023, the Board agreed the following 3-year strategy for 2023-2026: To have in place a 5U5tainable funding model to match expenditure. To use the new Heart Rate monitoring system as a differentiator of our service to improve fitness and wellbeing outcome KPIS and add service user value to attending at the Centre To increase resilience by developing new referral route5 for non-cardiac underlying health conditions with existin8 and new partners within and outside the NHS To position the charity through rebranding a5 the provider of choice for healthcare professional referral to a specialist exercise centre The legacy of the COVID pandemic which stripped away a significant proportion of long-term exercisers at the Centre continued to affect the financial performance in 2023-24, though the efforts of the Health Programme Tea m to increase referral levels began to bear fruit with attendance levels up 21% on the previous year, and at 98% of pre-COVI D levels by March 2024. Whilst continuing to work c105ely with the A31 Primary Care Network IPCNI, HHFT on CVD rehabilitation and prevention, the major development in the year was to create and launch a cancer rehabilitation programme working with cancer nursing teams at HHFT and cancer care coordinator5 in primary care. We were also delighted to receive a grant f rom Macmillan Cancer Support to enable a cohort of patients to receive a funded exercise programme, Soft-launched in August, by the year end we had received 39 referrals through both clinical and word-of-mouth referral routes. 437 75 39 47 Staywell referrals 229in2022-2023 Cardlac Rehab Yèferrals Cancer Rehab referrals Steady & strong referrals 36 In 2022-23 69 In 2022-23 Towards the end of the year, we were successf ul in receiving a 8rant from Hampshlre County Council via Ener8ise Me to provide an exercise programme targeted at residents in Assisted Living accommodation, runni ng through to January 2025. Thi5 is in addition to the close cooperation with SoLSthern Health physiotherapy team at Alton Communlty Hospital working on Falls Prevention which dovetails With that work. Falls Prevention received 47 referrals in the year136'. 2022-231. In February 2024 we helped launch the Alton Stroke Support Group meeting monthly at the Centre, which has included providing an exercise programme for survivors as a result of the skills wlthin the Health Pro8rarnme Team. We embrace an evidence-based service for which exerciser outcomes for fitness and wellbeing are at the heart of what we do. The principal measures are improvements in theoretical V02 max as a fitness measure, reduction in systolic blood pressure and waist circumference, and anxiety or wellbeing self-assessment using the Hospital Anxiety & Depression score, Outcomes for Siaywell graduate5 2023-24 7.1010 Anxiety De¢rease in waist tlrtumfeience eciea5e in blood piessure lryrov•ment in physlcal 4.90/0 Outcomes for cardiac rehabilitation Phase 4 graduate5 2023-24 1.70/0 Perceived Wellbeing Reductlon in walst cir£umfer•nce Docr•ase in blood preswre lfflpro¥emoThl in physlcal fitnes5 9.3010 Mea5ufL.d it) mean wlth a wJlst >102 em Page 5
The Basingstoke and Alton Cardiac Rehabilitation Charity Limited Company Registration Number 2732756 Charity Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 With the change in mission to reflect our support for long term conditions beyond cardiac, the Board began to consider how the charity could re-brand to e.nable stakeholders, particularly In the NHS, to understand our broadening remit, but without alienating supporters dnd beneficiarie5 always a tricky task I We have been working with a pro-bono consultant from the Cranfield Trust and the ongoing proce.55 has been both methodical and measured as it CDritinue5. Opemtional Changes Whilst the formal 25, Ann iversa ry Appea l and consequent refurbishment work concluded in 2023, we have continued to invest in the building and facilitie5 at the Centre. Supported by Energy Alton and with grant5 from Councillors at East Hampshire District Council, we. mprOVed the roof insulation of the offices and replaced all of tho fl uorescent lights with LEDS. Heart rate monitoring and exercise sta ndards were a focus during the year, with continuing 5VStems improvement. Work continued to integrate event ticketing and shop purchase5 between the website and our CRM and improve efficiency of back-office operations. Fundraising During the year we launched our 'Fit for Future Gym, appeal with the aim of replacing many old piece.5 of gym equipment which were breakin8 down and costly to repair, as well as air-cooling for the Lecture Room now used increasingly to deliver exercise as well as education. Support from the charity's exercisers and supporters throughout the year continued to be superb, and the Trustees wou Id like to record their heartfelt thanks to all those who have made donations, completed challenges and attended events, to fundraise for Cardiac Rehab and to Staff and instructors for their efforts for the charity du rlng the year. We were incredibly gratefu I to the many families who have requested donations to the Charity in memory of loved ones. Funds raised toward5 capital expenditu ro to fund carbon reduction improvements in the Centre and replace gym equipment were through grant fundraising and the Big Give Christmds Cha Ilenge. Further revenue grants totalling E30,600 were also raised to support the Health Program mes Support Fund and £7,500 to support cancer rehabilitation. Our thanks to the David Family Foundation, Macmillan Cancer Support, in particu lar, our District and County Councillors and to many Trusts and Foundations who have supported the charitv. 2023-24 Total Grant Incom• Health rogramme £37.4K Capital £26.42K We are especially grateful to ou r Patron Sir James Scott and many Vice-Patrons for their continued support. Cancer reli4 £8K Other successful fundralsing channels i ncluded Community Fundraisin8 thanks to support from both Tylney Hall and Blacknest Golf Clubs, a successful range of events, especially the Annual Lecture given by Sir Paul Nurse and the Big Give Christmas Challenge, which continues to insplre our individual donors. Retail sales saw a drop in Christmas card sales but strong sale5 of other products leading to an 8% i ncrease year on year. Onlln• fundralslng Oui Events £19k Communlty Fundralslng £10.5 80/0 £29K £31K 840/0 VOY iDciea5e Volunteers We continue to be extremely grateful to all the volunteers who support the charity through off ice su pport, fu ndraising support, cake baking and collection days. Thank you. Total volunteoring hours amounted to 1,037 hou r512023'. 759 hour51. Page 6
The Basingstoke and Alton Cardlac Rehabilitation Charity Limited Company Registratlon Number2732756 Charity Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 Financlal Results for the Year The results for the year are set out in the Statement of Financial Activities on page 12. Our aim to have a sustainable busine55 model by the end of 2024 was undermined by the inflation levels seen which impacted both staffing and contract costs for the charity. The net outgoing resources for the year were £23,59712023'. £63,627), largely as a result of inflationary costs continuing to impact. despite a rise of 31% in charitable i ncome. Income in the year was £415, 289, £41,512 more than previous year, due to an improving number of exercisers. Also included in the income is the sum of £50012023.. £5001 foy the servicing of the Centre's treadmil I by the N HS, provided pro bono. Expenditure increased by £1,482 to £438,886 compared to the previous year. Restricted funds of £72,85912023.. £56,286] were received during the year with expenditure Incurred on works to reduce the Centre's carbon footprint, improve the Heart Rate Monitoring system and begin a programme of replacing our 8ym equipment (under 'Fit for Future Gym,, above) in addition to staff training and the gym equipment Service contract. totallln8 £77,862 12023.. £71,907]. £1,00912023'. £40,799] was spent from the restricted funds on capital assets. The market value of investments i ncreased by £42,671 over the year12023'. decrease £7,822]. Performance of subsidlary companv The Basingstoke and Alton Cardiac Rehabilitation Enterprises Limited remained dormant throughout the year. Reserves Pollcv The Reserves Policy is reviewed annually, examinin8 the requirements for free, unrestricted cash reserves. The Policy is to hold nine months, operating costs in reserve given the continued residual impact of COVIO on the cu rrent financial operating model. Restricted funds include money for gym equipment, long-COVID rehabilitation, cancer rehabilitation and the Hampshire Active Health Programme. Funds have a150 been desi8nated for further website development, ather systems development, ongoing building maintenance and a fund to cover the costs of a cardiologist to lead the service and provide ECG exercise testing of hi8h-risk patients. As at 31 March 2024 the Charity had approximately £20, 122 in free cash re5erve5 lie non-stocks and shares), providing sufficient flexibility to cover immediate working capital requirements. Investment Pollcy and ObJectlves Trustees review annually the I nvestment policy under which the Charity's long-term un restricted and restrlcted investments are managed by CCLA Ma nagement Limited. Funds are held in the COIF Charities Ethical Investment Fu nd and the COIF Charities Fixed Interest Fund. The Trustees, policy 15 to achieve, over the long term, an increase in the fu nd's capital value, in real terms (inflation adjusted). Future Plans We continue to work closely with NHS partners in seeking referrals or signposting for exercise but will need to address the funding 8ap through increased charitable income either through service provlsion or facilities hire to partner organisations such as HHFT. An award from the Hampshire Active Health Programme of £10,765 to encourage exercise in people livin8 in Asslsted Living setting5 was received after the year end, for delivery through to January 2025. However, charitable costs have increased, and the fundraising environment continue5 to be tough in both grant fundraising and individual donation5. A5 a result, we are forecasting a £22,000 loss for 2024-2025,. the Trustees are confident the new business development strategy will ensu re we achieve break-even by the end of 2026. Notwithstanding the budgeted loss, the Trustees are confident that the general reserves continue to be sufficient to mitigate the overall f inancial impact. The Charity's strategy, reserves. quality of leadership and staff team endorse5 the Trustees, assessment that there are no significant doubts of the Charity's ability to continue as a going concern. This annual report and the unaudited financial statements for the year ended 31 March 2024 are presented under the Charities Act 1993, as amended by the Charities Act 2006 and the Charities Act 2011,. and the Companies Act 2016 and conf irm that the unaudited financial statements comply with the requirements of those Acts and the Charities SORP 2015 FRS 102 SIA. The information on Trustee5, officers and advisers on pages 2 and 3 forms part of the Trustees, Annual Report. Page 7
The Baslngstoke and Alton Cardiac Rehabilitation Charity Limited Company Reglstration Number 2732756 Charity Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 Governance and Management The Basingstoke and Alton Cardiac Rehabilitation Charity Limited (Cardiac Rehab) is a company limited by guarantee and a registered charity. The Charity is controlled by its 8overning document, a deed of trust, and constitutes a lirnited company. limited by guarantee a5 defined by the Companies Act 2006. Under the Articles of Association only members of the Company, other than the CEO, shall be appointed to the Board of Management ITrustee51 of the Charity. The Trustees, acting as directors of the Company, are responsible for the accounts and the Company has charitable status for taxation purposes. Board of Trustees The Trustees who served during the year are given on page 2. Recrultment and Trolnlnq of Trustees The Board undertakes a skills audit regularly and a nominations sub-committee draws up a shortli5t of skllls and experiences that would stren8then the performance of the Board and are in accordance with the Charity's Articles of Association. Roles are advertlsed Internally to beneflclaries and externally, to encoura8e applications. Wei8ht is also given to specific experiences and qualification5 of any retlrlng trustees, to ensure continuity of representation of a broad skillset on the Board and connections locally and reglonally, Applicants are interviewed before recommendatlon for appointment at a Board meetin8. A formal induction Is arranged for all new trustees to ensure that they are familiar with the Charity, the way in which it operates, and the current Issues which face Trustees and Management. Thi5 includes attending all Board sub-committees and visits to see exercise instruction in action and meet staff. Trustees are also encouraged to attend external training where appropriate. Orqanlsatlonal Management The Charity Trustees are le8ally re5ponslble for the governance and overall directlon of the Charlty and delegate the day-to- day management to the CEO. The Board meets four tlmes a year. The Charity has adopted a Governance Framework settin8 out the Charity's 8overnance arran8ements and the dele8atlon of responsibllitles and authoritles. Detailed monitorlng is carried out by three committees as set out on pa8e 2. The Chair of Trustees attends each of the committees. The main responsibilities of each cornmittee are.. Governance. Flnance & Bulldlngs Commlttee: to ensure compliance with all relevant legislation and the Charity's Memorandum and Article5 of Association, oversee the financial affairs of Cardiac Rehab (CRI and all aspects of building and facilities management. This may include the development of policies, monitoring of compliance, monitoring and review of the advisers and service providers, discharging the Trustees, statutory duties in relation to the provision of information, 8overnance and any audit requirements. Income Generatlon Commlttee: to develop, implement and monitor strategy for income generation and fundraising for the Charity including tactics for developing new market5, Stakeholder management, supporter marketing and fundraising. Servlce Dellvery Commlttee.. to oversee all aspects of service delivery at Cardiac Rehab including Ilaison with partners within the NHS and the communitv. Rlsk Manugement The Board 15 responsible for risk management. The CEO maintalns 3 Risk Register covering operations, health and safety, financial borrowing, charitable status, disaster planning and governance and management,. mitigations are re8ularly reviewed, and management of risk 15 a routine part of all Charity activities. Mitigation actlon plan5 are reviewed at the quarterly meetings of the Board committees and a formal review of the Risk Register is conducted annually by Trustees. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed. Page 8
The Basingstoke and Alton Cardiac Rehabilitation Charity Limited Company Re8iStratlon Number 2732756 Charity Number 1013238 Annual Report and Flnancial Statements for the year ended 31 March 2024 The key controls used by the Charity include.. formal agendas for all Committee and Board activity; detailed terms of reference for all Committee5,' comprehensive strategic plannin8, budgeting and management accounting,. established organi5ational structure and lines of reporting; formal written policie5 includi ng appropriate Health & Safety Policies in place and actively applied by staff, clear authorisation and approval levels. Objectives and Activities Charitoble Objectives The objectives, for which the Charity is established, are.. a) The relief of persons suffering from or at risk of heart and coronary Illne55 and other i11nesses and medical conditions for which supervised exercise provicles rehabilitation or effective intervention by the provision and maintenance of Cardiac Rehabilitation Unit and other relevant services. b) The education and asslstance of such persons so to develop their understanding of the nature of actual and potential medical conditions particularly heart disease,. educatlon In how to avoid the onset or recurrence thereof, and the role of diet, exercise and lifestyle cholces so that their conditions of Ilfe may be Improved. c) The promotlon of research into the causes and treatment of heart and coronary illness and other medical conditions, and the publication of the useful results of such research. d) The promotion of changes to lifestyles that help to achieve healthier livlng. Accounting policies adopted in achieving these objectives are a5 Set out in note 2 to these financial statement5. There have been no material changes in these policies. Slqnlflcant octivltles The principal activitie5 of the Charlty contlnue to be the pursuit of the four objectives lald out above, makin8 use of the Charlty's purpose-built centre on a 51te leased from East Hampshlre Dlstrlct Councll adjoinin8 Alton Sports Centre. Statement on Public Benefit The Trustee5 have complied with their duty in sectlon 4 of the Charitles Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. It 15 well accepted that the use of exercise and health education is effective for both cardiac rehabilitation and the primary prevention of heart disease. Both are encouraged by the NHS to meet the national public health agenda. I n the Charity's locality there is no public-sector provision, or fu nding, similar to the service offered by the Charity. Accordingly, the Trustees are clear that the Charity's services are provided for the public benefit. The services that the Charity provides to individua15 suffering from, or at risk of, heart and coronary illness and are available to all who wish to use them, provided that lal they are referred to the Charity by 3 doctor or other health professional as meeting the appropriate medical health or condition criteria; and Ibl they are aged 18 years or more la5 dealing with such health conditions in minor5 require5 more specialist facilities and expertise than the Charity possesses). Exercisers pay a contribution towards the cost of these services but 55% of the cost must be covered by fundraising. A reduced contribution or free usage is offer for those on benefit5, and in cases of exceptional economic hardship. Exercisers are referred to us land accepted by us) strictly accordinE to medical need. Accordingly, the Trustees are confident that our services do not discriminate in terms of adult age, gender, ethnicity, disability or sexual orientation. Our exercisers are, however, self-selecting in that it IS their choice as to whether our services. and. in particular, our 8ym-based exercise, are attractive to them. Exercisers cannot be referred to us without their consent. Exercisers may be accompanied by a friend or relative to support them.. such individuals are screened appropriately prior to joining any exercise sessions. Page 9
The Baslngstoke and Alton Cardiac Rehabilitation Charity Limited Company Registration Number 2732756 Charity Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 Statement of Trustees, Responsibilities The Trustees, who are a150 the director5 of Basin8Stoke and Alton Cardiac Rehabilitation Charlty Limited for the purposes of company law, are responsible for preparing the Trustee5' Report and the financial Statements in accordance with applicable law and regulations. Company law requires the Trustees to prepare financial statements for each financial year. Under that law, the Trustees have elected to prepare the charitable company financial statements in accordance with United Kingdom Generally Accepted Accountin8 Practice (United Kingdom Accounting Standards and applicable lawl. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair VeW of the State of affairs of the charitable Company and of the incoming resource5 and application of resources, including the income and expenditure, for that period. 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 judgments and accounting estimates that are reasonable and prudent,. state whether applicable UK Accountin8 Standards have been followed, subject to any materlal departures disclosed and explained in the financial statements,. prepare the financial statement5 On the goin8 concern basis unless It Is inappropriate to presume that the charltable Company will continue In operatlon. The Trustees are respon51ble for keeping adequate accountin8 record5 that are sufficlent to show and explaln the charitable Company's transactions and disclose, with reasonable accuracy at any time, the financial p051tion of the charitable Company and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Companies Act 2016. Thev are also responsible for safeguarding the assets of the charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Independent Exomlnatlon Sheen Stickland were appointed a5 Independent Examiner to the charitable Company in June 2010 and have been re-appolnted each year following by resolution at the AGM in December. In so far as the Trustees are aware.. there is no relevant financial informatlon of which the charltable Company's Independent Examlner are unaware; and the Trustees have taken all the step5 that they ou8ht to have taken in order to make themselve5 aware of any relevant financial information and to establish that the charitable Company's Independent Examirber is aware of that Information. The Trustees are responsible for the maintenance and integrity of the charitable Company'5 web51te. Legislation in the United Kingdom governing the preparation and dissemination of financial staternents May differ from legislation in other jurisdictions. This report has been prepared in accordance with the special provisions of Part 15 of the Companie5 Act 2006 relating to small companies. Approved by the Board on 3rd December 2024 and signed on its behal Dr Mike Hayward, Chalrman Page 10
The Basingstoke and Alton Cardiac Rehabllltatlon Charity Limited Company Reglstratlon Number2732756 Charity Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 Report of the Independent Examiner I report to the Charity trustees on my examination of the financial statements of The Basingstoke and Alton Cardiac Rehabilitation Charlty Limited for the year ended 31 March 2024 set out on pages 12 to 26. Responslbllltles and basls of report As the Charity's Trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts In accordance with the requirements of the Companies Act 2006 Ithe 2006 Act), Having satlsfled myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your Charity's accounts as carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carryln8 Out my examination I have followed the Dlrections 8iven by the Charity Commission u nder sectlon 145151 Ibl of the 2011 Act, Independent Examlner's statement Since the Company's 8ross income exceeded £250,000, your examiner must be a member of a body115ted in 5ectlon 145 ofthe 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of The Institute of Chartered Accountant5 in England and Wales, which is one of the listed bodies. I have completed my examinatlon. I confirm that no matter5 have come to my attention in connection with the examination giving me cause to believe that.. accounting record5 were not kept in respect of the Company as required by section 386 of the 2006 Act,. or the account5 do not accord with those records, or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than anv requirement that the accounts give a "true and falr view" which is not a matter considered as part of an independent examination. or the account5 have not been prepared in accordance with the method5 and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 10211. I have no concerns and have come across no other matters in connection with the examinatlon to which attention should be drawn in this report In order to enable a proper understandlng of the accounts to be reached, Signed: D A Sanders BA IHon51 FCA The Institute of Chartered Accountant5 in England and Wales Sheen Stickland Chartered Accountants Alton, Hampshire Date: Page 11
The Baslngstoke and Alton Cardiac Rehabilitation Charity Limited Company Re81Stration Number2732756 Charity Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 Statement of Financial Activities Note Unrestricted Funds Restricted Funds Total 2024 Total 2023 Income and Endowments from: Charltable actlvities Provision of exercise facilities 169,650 169.650 129.861 Trading and fundralsing 124,461 2,114 126,575 120,758 Donations and legacles 46,113 70,745 116,858 122,165 Investment income 993 Total Income 72 Expendlture on: Cost of raising funds 72,269 72,269 83,065 Charltable actlvltles Provision of exercise facilitle5 288 755 366 617 354 339 Total Expendlture 361024 438 886 437 404 Net incomellexpendlturel for the year 118,5941 15,0031 123,5971 163,6271 Net gains/llossesl on investments 42,671 42,671 17,8221 Transfer between Funds 12,7671 2,767 Net movement in funds for the year 21,310 12,2361 19,074 171,4491 Reconclllatlon of Funds: Total Funds brought forward Z42 .1.23,&64 8_f 5.8.86. Total Fund$ carried forward 76 8BA 96 8_65. &8fj. All activities are cla55ed as continulng. The notes on pa8es 15 to 26 form part of these financial statements. Page 12
The Basingstoke and Alton Cardiac Rehabilitation Charity Limited Company Registratlon Number 2732756 Charity Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 Balance Sheet as at 31 March 2024 Note Unrestricted Funds Restricted Funds Total 2024 Total 2023 Flxed Assets Tangible fixed assets Intangible fixed assets Investments io io li 320,992 19,247 389 925 85,120 5,778 406,112 25,025 389 925 423,324 30,299 347 251 730 164 821062 800 874 Current Assets Stocks Debtors.. amounts due wlthin one year Cash at bank and in hand 12 13 1,946 13,195 1.946 13,195 107 367 122,508 1,691 9,008 105 705 116,404 91,778 30.730 Credltors: amounts falling due wlthln one year 14 Net Current Assets Total Assets less Current Liabllltles 763,332 121,628 884,960 865,883 Net Assets 121628 a84.9fiQ 8_6.5,8.83 Funds Restricted funds Unrestricted funds 15 15 121,628 763 332 123,862 742 021 Total Fund5 The notes on pages IS to 26 form part of these flnanclal statements. The charitable company Is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024 and the members have not required the charitable company to obtain an audit of its financial statements in accordance with Section 476 of the Companies Act 2006. The Trustees acknowledge thelr responsibility for: al ensuring that the charitable company keeps accounting records that comply wlth Sections 386 and 387 of the Companies Act 2006,. and bl preparing financial statements which give a true and fair view of the State of affair5 of the charitable company as at the end of each financial year and of its surplu5 or deficit for each financial year in accordance with the requirement5 of Sections 394 and 395 and which otherwise comply with the requirernent5 of the Companies Act 2006 relating to financial statements so far a5 applicable to the charitable company. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relatin8 to charitable small companies. These financial statements were approved by the Board of Trustees on 3rd De mber 2024 and slgned on its behalf bv: Dr Mike Hayward, Chalrman of Trustee5: Date: 5- /2.4 Page 13
The Basingstoke and Alton Cardiac Rehabllitation Charity Limited Company Reglstration Number 2732756 Charity Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 Cash Flow Statement for year ended 31 March 2024 Table 2024 2023 Cash generated from operatlng artlvltles: Net cash provided by lused inl operating activitie5 Cash flow5 from investlng actlvltles: Cash flows from other sources: Bank interest received Proceeds from sale of Investment 2,206 37 993 Appllcatlon of cash: Payment for tangible fixed assets Payment for intangible fixed assets Payment for investments 12,6431 13,1101 160,2991 127,8111 Net cash provlded by (used In) Investing actlvltles io Cash flows from flnanclng actlvltles: Movement in intercompany balance Net Increase/(decreasel In cash: 1,662 1115,5491 Cash at bank and in hand at l April 2023 105 705 221254 Cash at bank and In hand at 31 March 2024 Table I.. Reconcillatlon of net Incomel{expendlturel to net cash flow from operatlng actlvities 2024 2023 Net incomellexpenditurel for the reporting period las per the Statement of Financial Activities) 19.074 171,4491 Change in market value of investments Depreciation charges Interest received Lossllprofitl on the sale of tangible fixed assets Ilncreasel/decre35e in stocks Decreasellincrea5el in debtors IDecreasel/increase in creditors 142,6711 28,117 12,2061 85 12551 14.1871 7,822 26,624 19931 532 {8091 1,811 Net cash provided by / (used inl operating activities The notes on pages 15 to 26 form part of these financial statements. Page 14
The Basingstoke and Alton Cardiac Rehabilitation Charlty Limited Company Registration Number 2732756 Charity Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 Notes to the Financial Statements for the year ended 31 March 2024 Statement of Compllance The Basingstoke and Alton Cardiac Rehabilitation Charity Limited is a charity. limited by guarantee, incorporated in England. company registration number 2732756, and charity number 1013238. The registered office is Cardiac Rehab Centre, Chawton Park Road, Alton, Hampshire GU34 IRQ. The financial statements are presented in Sterling which 15 the functional currency of the charity and are rounded to the nearest pound. The flnancial statements have been prepared in compliance wlth FRS 102 as It applied to the financial statements for the year ended 31 March 2024. The 518nificant accounting policie5 applied In the preparation of these financial statements are set out below. These policies have been conslstently applied to all years presented unless otherwise stated, Accounting policies The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charitie5.' Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 (effective l January 20191,, Financial Reporting Standard 102 'The Reportin8 Standard applicable in the United Kingdom and Republic of Ireland, and the Companies Act 2006. Basls of accountlng The financial Statements are prepared in accordance with the historical cost convention, with the exception of certain investments which are included at market value. In the opinion of the Board of Trustees, the charity and its subsidiary undertaking cornprise a small group. Accordinglv, the charity has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare 8roup accounts. These financial statements present information about the charity as an individual undertaking. Resources arlsing- Income All Income is recognised in the Statement of Flnancial Actlvltles when the conditions for receipt have been met and there is reasonable assurance of receipt. Where a claim for repayment of income tax has been or will be made. such income is grossed up for the tax recoverable. The following accountlng policies are applied to income., al Clas5 fee5 and other actlvitles Fees receivable and charges for use of premises are accounted for in the period in which the service is provided. bl Investment Income Investment income 15 accounted for when received. cl Donatlons Donations and all other receipts from fund-raising are reported 8ros5 and the related fund-raising cost5 are reported in expenditure. Donations receivable for the general purpose5 of the charity are credited to Unrestricted Fund5. Donations for purposes restricted by the wishes of the donor are taken to Restricted Funds where these wishes are legally binding on the Trustees of the charity. Page 15
The Basingstoke and Alton Cardiac Rehabilitation Charity Limited Company Reglstration Number 273Z756 Charlty Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 Accounting policies (continued) Resources expended Expenditure is accounted for on an accruals basis and is allocated to expense headings on a direct cost basis. The irrecoverable element of VAT is included with the item of expense to which it relates. Liabilities are recognised when an obligation arises to transfer economic benefit due to past transactions or events. Costs of generating funds Costs of generatin8 funds comprise the cost of fundralsing. Expenditure is accounted for on an accruals basis. Dlrect charltable expenditure Direct charitable expendlture includes all expenditure directly related to the objects of the Charity and is accounted for on an accruals basis. Support C05ts Support cost5, which are not attributable ta a single activity, are apportioned between fundraisin8 and charitable activities based on direct expenditure incurred on those activities. Fund accounting The Charlty maintains various types of funds as follows.. ) Restrlcted Funds Restricted funds represent 8rants, donations and legacies received which are given by the donor for specific purposes within the objects of the charity. Income on these investments is also restricted by the donor. b) Unrestrlcted Funds Designated funds comprise amounts Set aside by the Trustees for specific purposes. General unrestricted funds represent funds which are expendable at the discretion of the Trustees in the furtherance of the objects of the charity. Such funds may be held to finance both working capital and capital investment. Tanglble flxed assets Tangible fixed assets are stated at cost less depreclatlon which 15 provided In equal annual instalments over the estimated useful lives of the assets. Individual asset5 over a cost of £500 are capitalised,. this was increased from £100 from Aprll 2016. Propertles are malntalned throughout the year and an impairment review is carried out on an annual basis. The rates of depreciation applied to assets are as follows.. Leasehold property Solar Panels Fitness equipment Office and computer equipment and furniture Intangible flxed assets 2% on cost 4% on cost 20% on cost 20% on c05t Intangible fixed assets are stated at cost less depreciation which is provided in equal annual in5talments over the estimated useful live5 of the assets. Individual a55et5 over a c05t of £500 are capitalised. The rates of depreciation applied to assets are as follow5: Web51te and Computer software 20% on cost Page 16
The Basingstoke and Alton Cardiac Rehabilitation Charity Limited Company Re8lStration Number 2732756 Charity Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 Accounting policies (continued) Investments Investments in subsidiary undertakings are stated at cost. Other investments are stated at market value, with revaluation adjustments being taken to the income and expenditure account. Stocks Stocks are stated at the lower of cost and net realisable value, having made due allowance for obsolete and slow-moving items, Taxatlon The Charity is exempt from corporation tax on its charitable activities, Penslon costs and other post-retlrement beneflts The Charity operates a defined contribution pension scheme in the UK on behalf of the employees of the charltable company. The amount charged to the SOFA represents the contributions payable in the year. Pension expenses are allocated from unrestricted funds. Donated assets and servlces Donated assets and services are recognised as income when the charity has control over the item, any conditlons assoclated with the donated item have been met, the receipt of economic benefit from the use of the item by the charity is probable and that economic benefit can be measured reliably. On recelpt, donated asset5 and Services are recognised based on the value of the gift or servlce to the Charitvi which 15 the amount the Charity would have been willing to pay to obtain the equivalent economic benefit on the open rnarket,. a correspondin8 amount 15 then recognised in expenditure in the period of receipt. Where the value of donated assets and services cannot be rellably estimated, then no such adjustment is made. Flnanclal Instruments The Charity only has financlal assets 3nd financial liabilities of a kind that qualify 35 basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement date. Income from Charitable Actlvltles 2024 2023 Exerclse classes Course fees Room hire Other income Unrestricted income Total income from charitable activlties 161.600 800 4,666 123,923 1,668 3,970 300 129,861 129. 86.1. 169,650 Other ancillary activities 2024 2023 Event takings Grand draws Sales 100 Club donations Fla8 days and collection tin5 Lotterv Unrestricted income Restricted income.. Events takings Total income from other ancillary activities 81,835 14,551 10,405 2,302 2,511 74,348 16.955 9,635 3,347 237 124.461 118,383 Page 17
The Baslngstoke and Alton Cardlac Rehabllitation Charity Limited Company Registration Number 2732756 Charity Number 1013238 Annual Report and Flnancial Statements for the year ended 31 March 2024 Donations and Legacies 2024 2023 Regular giving Donations and gifts Legacies In memoriam Trusts and Foundation5 7,786 19,232 7,777 13,770 20,942 5,748 19,095 Total Unrestricted income Restricted Income - regular givln8 Restrlcted income - legacies Restrlcted Income - services provlded in kind Restricted income - Statutory grants Restricted Income - Trusts and Foundation5 960 960 500 12,935 io,ioi 19,277 Total Restrlcted income Total Income from donatlons and le8acles 11_6,.85.8. 12L Investment Income 2024 2023 Bank Interest receivable 93 9.21 Expendlture Costs of 8eneratlng funds 2024 2023 Staff costs External Fundrai5in8 Costs Publiclty and marketing Events expenses Merchandise purchases Support Costs 44,009 6,878 4,262 11,176 4,743 38,748 13,671 6,977 17,854 4,368 Total Unrestricted Restricted.. Publlclty and Marketlng 297 Total costs of generatlng funds Page 18
The Baslngstoke and Alton Cardlac Rehabilitation Charity Llmlted Company Registration Number2732756 Charity Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 Expenditure (contlnued) Costs of charitable actlvltles 2024 2023 Provision of exercise facilities.. staff costs Rent, rates and water Insurance Light and heat Telephone Posta8e. stationery and prlnting Sundries Cleanin8 Repairs and malntenance Health and safetv Subscriptions Travel expenses Staff recruitment Bank charges Staff refreshments Staff uniforms TraSning Cardiologist's fees Physical training instructors Health programme expenses Course expenses Roorn hire costs IT costs Depreciation Loss on disposal of tangible assets Support costs 137,013 1,956 3,902 5,218 2.461 3.372 1531 9,578 7,372 49 642 222 524 2,342 1,342 197 125,475 1.336 4,005 7,285 2,395 3,687 121 9,048 6.547 126 588 343 675 1,371 2.018 20,700 55,116 179 16 506 13,487 16,427 94 18,720 65,555 177 351 410 12,167 15,022 532 Unrestrlcted expenditure 288 755 282 729 Restrlcted expenditure Salaries.. Health Programme Physlcal trainin8 instructor5 Staff trainin8 Gym equipment maintenance Profit on dlsposal of restricted assets Property repairs and renewals Centre equipment repairs and renewals Depreciation on restricted a5set5 Support costs- services provided in kind 38,120 17,850 1,524 1,782 iioi 3,450 3,456 11.690 33,381 6,041 1,512 3,039 4.740 1,694 11,602 Restricted expenditure Total costs of charltable expenditure Page l9
The Basingstoke and Alton Cardiac Rehabilitation Charity Limited Company Registration Number 2732756 Charity Number 1013238 Annual Report and Financial statements for the year ended 31 March 2024 Expenditure (continued) Costs of generatin8 funds 2024 2023 Support costs Support costs of generating voluntary income Support costs of charitable activities 1,201 1,150 Governance c05t5 included in Support Costs 2,110 2,576 Net incomin811outgoi ngl resources for the year is stated after charging: 2024 2023 Depreciation owned assets Independent Examiner'5 fee 28,117 2,084 26,624 2,550 Restricted income received du ring the year was used to purchase tangible fixed as5et5 of £1,00912023.' £39,299] and intangible assets of £75012023.. £1,500]. Employee Informatlon 2024 2023 Total staff costs comprlse.. Wa8es and Salaries Social security COSt5 Pension contributions 206,011 8,541 186,102 7,212 219 141 197 604 Cost of generating funds.. staff costs Cosl of charitable activities.. staff costs Total staff costs 44,009 175 132 219 141 38,748 158 856 197 604 The average number of employee5 in the year was.. 1512023.. 141, full time equivalents 612023.. 61 and the number of employee5 at the end of the year was 1512023: 141. No member of staff was paid more than £60,000 per annum12023: 01. Neither the Trustee5 of The Basing5toke and Alton Cardiac Rehabilitation Charity Limlted nor persons connected with them received any remuneration or other benefits from the Charity. There were no expense5 for trustee training during the year12023'. £nill and therefore there was no reimbursement of expenditure. Page 20
The Basingstoke and Alton Cardlac Rehabilltation Charlty Limited Company Reglstratlon Number 2732756 Charlty Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 Comparatives for the Statement of Financial Activities Unrestricted Funds Restricted Fund5 Total 2023 Income and Endowments from: Charltable activities Provision of exercise faci lities Trading and fundraising Donations and legacies Investment income Total Income 129,861 118,383 68,254 993 129,861 120,758 122,165 993 2,375 53,911 286 Expendlture on.. Cost of r3i5ing funds Charltable actlvltles Provision of exercise facilltles 82,768 297 83,065 282 729 354 339 Total Expendlture Net Incomellexpendlturel for the year Net 8ains/llosses1 on investment5 Transfer between Funds 365 497 148,0061 17,8221 437 404 163,6271 17,8221 115,6211 Net movement In funds for the year 163,7301 17,7191 171,4491 Reconclllatlon of Funds.. Total Funds brought forward J31,583 Total Funds carrled forward 10 Flxed Assets Tangible Flxed Assets Leasehold Pro ert Fitness ui Office Com uler ment Total Cost At l April 2023 Transfers Additions Disposals At 31 March 2024 Accumulated depreciatlon At l April 2023 Transfers Charge for the year On disposals At 31 March 2024 Net bookvalue At 31 March 2024 At 31 March 2023 552,612 73,618 44,789 21,625 692,644 883 1,760 2,643 665 552 612 692 469 149,472 68.076 36,412 15,360 269,320 11,683 2.145 2,817 665 3,089 19,734 161 155 286 357 391457 403 140 406 112 423 324 Page 21
The Basingstoke and Alton Cardiac Rehabilitation Charity Limited Company Registratlon Number 2732756 Charlty Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 10 Fixed Assets (continued) Intangible Fixed Assets Website and Com uter Software Total Cost At l April 2023 Additions At 31 March 2024 Accumulated depreciation At l April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 42,733 42.733 12.434 12,434 11 Investments held as fixed assets The Charity has a 100% holding of 2 ordinary shares of £1 each in The Basingstoke and Alton Cardiac Rehabilitation Enterprises Limited, a limited company registered in England and Wales. Quoted investments held in CCLA COIF Ethical Charity Investment Fund and CCLA COIF Charity Short Duration Bond Fund Ipreviously named Fixed Interest Fund, at 31 March 2024.. Ethical Investment Fund 2024 Short Duration Bond Fund 2024 Total Total 2024 2023 Market value at be8innin8 of the year Acquisitions at cost Sales at market value Net unrealised profitlllossl revaluatlon at end of year 300,576 46,676 347,252 355,073 on Market value at end of year 3.4Q,-Q.24 4_9,8_9_ 3.8.9,923. Analysis of investments 2024 Asset allocation 2023 Assot allocation Ethical Investment Fund Overseas equities Infrastructure and operating assets Fixed interest UK equities Property Private equity and other Cash Contractual and other income Derivatives 65.14% 9.13% 8.03% 6.34Yo 4.59% 3.33% 2.18Yo 1.24% 0.02% 63.76% 7.45¥0 7.67% 8.44% 3.22% 2.04Y. 5.23Yo 2.17% 0.02Yo Total 100.OOYo ioo.oo% Page 22
The Basingstoke and Alton Cardiac Rehabilitation Charity Limited Company Registration Number 2732756 Charity Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 11 Investments held as fixed assets (continued) 2024 Asset allocation 2023 Asset allocation Short Duratlon Bond Fund Non-Governrnent Bonds Overseas Government Bonds Cash UK Government Bonds 64.38% 31.14% 3.54% 0.94% 42.18% 53.85% 2.65% 1.32% Total ioo.oo% ioo.oo% 12 Stock5 2024 2023 Merchandise 13 Debtors: amounts falllng due withln one year 2024 2023 Prepayment5 and accrued income Other debtors 11,002 8.289 719 11195 14 Credltors: amounts falling due wlthln one year 2024 2023 Trade creditors Other taxation and social securitv Other creditors Deferred income 12,841 1,718 1,378 13,354 3,172 2,049 The deferred income creditor as included within the accrual and deferred income relate5 to exercise tokens purchased during the year not yet utilised. the movement is shown below: 2024 2023 Balance at I" April 2023 Exercise token5 purchased Exercise tokens utilised Balance at 31" March 2024 23.475 165,666 159 347 18.629 130,270 125 424 Page 23
The Basingstoke and Alton Cardiac Rehabilitation Charity Limited Company Registratlon Number 2732756 Charlty Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 15 Movement in funds Ati April 2022 Net movement in funds 2023 Transfer between funds 2023 At31 Net March movement 2023 in funds 2024 Transfer between funds 2024 At31 March 2024 Unrestricted Funds General Fund Tangible Fixed Asset fund Intangible Fixed Asset fund Deslgnated funds: Capital expenditure Assisted Livin8 Prog Cardiolo8lSt Fund 318,285 155,8281 41,094 303,551 24,077 27,351 354,979 318,647 10,853 329,500 19,9671 319,533 22,425 22,425 13,1781 19,247 76,500 151,5001 25,000 15001 14,300 L30 773 24,500 14,300 805 752 742 022 763 332 Restrlcted Funds Written down c05t of capital assets Exe.rcise Equipment Staff Training Fund Health Prog Fund Long COVID Fund Cancer Rehab Fund 131,583 115,6211 7,902 123,864 126,5811 15,000 15641 682 11,0401 14,2911 92,992 15,000 1,059 1,274 3.803 1,623 592 4,843 131 583 123 864 121628 Total Funds 23L.3.35 L7L449J 865,.8_86 19JZ4 8.8.4,9_60. The Trustees have reviewed value5 of the previously designated funds in the light of progress thi5 year and given the pressure of inflationary costs and tough fundraising environment, the General Fund ha5 been retained. Tangible Fixed A55et fund is the written down value of the Cardiac Rehab Centre building. Intangible Fixed Asset fund 15 the written down value of the new Cardiac Rehab website and bespoke developed computer software. The Capital expenditure designated fund is for future buildinE maintenance. equlpment replacement and future IT developments of our website and bespoke heart rate monitoring and exercise database systems. The CardioloElSt Fund is a reserve which includes funding of a profe55ional with appropriate clinical and medical expertise which will be used to cover the cost of a Clinical Director for one year in the event of no funding from the CCG. PCN or other sources. Restricted funds con5i5t of capital restricted expenditure being written down. remaining capital funds for the refurbi5hrnent of the Centre and a Long-COVI D fund to help sufferers of long COVI D achieve physical reconditioning and cancer rehabilitation. Page 24
The Basingstoke and Alton Cardiac Rehabilitation Charlty Limited Company Registration Number 2732756 Charity Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 15 Movement in funds (continued) Net movement in funds, included in the above, are as follows: Net movement before transfer 2023 Transfer between funds Net movement in funds Incoming resources Resources expended 2023 2023 2023 2023 Unrestrlcted Funds General fund Tangible Fixed Asset Intangible Asset De51gnated fund: Capital expendlture Assisted Living Prog Cardiolo8lSt Fund 309,669 1365,4971 155,8281 41,096 10,853 22,425 114,7321 10.853 22,425 151,5001 151,5001 309 669 365 497 Restrlcted Funds Restricted fund5 Total Funds 9_5 4.3.? 4.Q.4.1 Incomin8 resources Resources expended Net movement before transfer 2024 Transfer between funds Net movement in funds 2024 2024 2024 2024 Unrestrlcted Funds General fund Tangible Fixed Asset Intangible Asset Deslgnated funds: Capital expenditure Assisted Living Prog. Cardiologist Fund 385,101 1361,0241 24,077 27,351 19,9671 13, 1781 51,428 19,9671 13, 1781 13,1781 15001 13,1781 15001 385 101 361024 Restrlcted Funds Written down cost of capital assets Exercise Equipment Staff Training Fund Health Prog Fund Lon8 COVID Fund Cancer Rehab Fund 1,300 127,8811 126,5811 14.2911 130,8721 15,000 960 48,099 15,000 15641 682 11,0401 15.000 1,059 1,274 3,803 11.5241 147,4171 11,0401 1.623 592 4,843 Total Funds 4&7..9fj.Q 4_a8.8.8.fjJ Page 25
The Basingstoke and Alton Cardiac Rehabilltation Charity Limited Company Registratlon Number 2732756 Charlty Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 15 Legal status of the Charity The Charity is a company incorporated in England and Wales and limited by guarantee. It has no share capital. The level of guarantee for each member is limited to £10 per member. 16 Related party transaction5 There have been no related party transactions in the reporting period that require disclosure. 17 P05t Balance Sheet Events A 8rant of £10.765 from the Hampshire Active Health Programme was recelved on 9th Aprll 20241£5,832.501 and iolh July 20241£5,832.501, Page 26
The Basingstoke and Alton Cardiac Rehabilitation Charity Limited Company Reglstration Number 2732756 Charity Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 Detailed Statement of Flnancial Activities for the year ended 31 March 2024 2024 2023 Income and Endowments from: Charitable activltles Exercise classes Course fees Room hire Other income 161,600 800 4,667 123,923 1,668 3,970 300 129,861 169,650 Total income from charitable activities 1fj_9,65_.Q Other artivitles Events takin85 Grand Draw5 Lottery Merchandise sales 100 Club donations Corporate sponsorship Flag day5 and collection tins 79,885 14,551 12,857 10,405 2.302 1,950 73,323 16.955 13,861 9,635 3,347 1,025 237 118 383 124 461 Restricted income- community fundraising Total Other activities 12Q Donations and Legacles Regular giving Donations and 8ifts Legacies In Memoriam Trusts and Foundations Unrestricted income 7,786 19.232 7.777 13,770 20,942 5,748 19,095 Restricted income - donatlons., services provided in kind Restricted Income- regular 8iving Restricted income- legacies Restricted income- Statutory 8rants Restricted income - Trusts and Foundations Restrlcted income Total Donation5 and Legacies soo 960 io,ioi 960 12,935 19,277 116.85E 122 165 Investment income Bank dep051t income 993 Total income and endowments Thi5 page does not form part of the statutory financial statements. Page 27
The Basingstoke and Alton Cardiac Rehabilitation Charity Limited Company Reglstration Number 2732756 Charlty Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 2024 2023 Empenditure: Ralslng donatlons and legacles Salaries National Insurance contribution5 Pension contribution5 Salaries ex restricted income External Fundraising costs Publicity Publicity - ex restricted income Events expenses Purchases 40,238 2,611 1,160 35,440 2,259 1,049 6,878 4,262 13,671 6,977 297 17,854 11,176 Charltable actlvltles Salaries Salaries ex restrlcted income National Insurance contributions National Insurance contributions ex restricted income Pension contributions Pension contributions - ex restricted income Rent, rates and water Insurance Light and heat Telephone Postage and stationerv Sundrie5 Cleanin8 Repairs and maintenance Repairs and maintenance - ex restricted income Health and safety Subscriptions Travel expenses Staff recruitment Bank charges Staff refreshments Staff uniforms Training Trainin8 - ex restricted Income Physical trainin8 instructors Physical trainin8 instructor5 restricted CardioloBlSt fee5 Cardiologist fees - ex restricted income Health programme expen5e5 Course expenses Room Hire c05tS IT costs Loss on disposal of asset5 L055 on disposal of restricted as5et5 Provision for bad debts Depreciation tangible assets Depreciation tangible assets - on restricted a55ets Depreciation intangible a55ets Depreciation intangible asset5 - on restricted assets 129,347 36,426 4,791 1,140 2,875 554 1,956 3,902 5,218 2,461 3,372 1531 9,578 7,372 8,688 49 642 222 524 2,342 1,342 197 118,708 31,9S4 4,057 896 2,710 531 1,336 4,005 7,285 2,395 3,687 124 9,048 6,547 9,473 126 588 343 675 1,371 2,018 1,524 55,116 17,850 2C,700 1,512 65,555 6,041 18,720 179 16 506 13,487 94 iioi 177 351 410 12,167 532 10,890 8,844 5,537 11,116 8,644 3,906 360 524 339 963 This page does not form part of the statutory financial statements. Page 28
The Baslngstoke and Alton Cardiac Rehabilitation Charity Llmlted Company Registratlon Number 2732756 Charlty Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2024 Detailed Statement of Flnancial Activities {contlnued) for the year ended 31 March 2024 2024 2023 Expendlture: Support costs Independent Examiner's fee Bookkeeping and payroll fees Legal fees- restricted Consultancy 2,084 1,634 2,550 951 9,601 Total resources expended 43.8.8.8.fj Net Income/(expenditure) 123,597) 163,6271 Unreallsed 8aln/llos51 on Investments 42,671 17,8221 Net movement In Funds Thi5 pa8e does not form part of the statutory financial statements. Page 29