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 V￿eW 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