Cardiac Health Fitnessfor Life Trustees, Annual Report and Unaudited Financial Statements for the year ended 31 March 2025 Baslnggtoke & Alton Cardlac Rehabllltatlon Charlty, Chavrton Park Road. Alton Hampshire GU34 1RQ www.cardiach8alth.or -uk heart cardlache3llh.or .uk 01420 544794 Charity registration no.1013238 Company Ilmlted by guarantee. reglster•d In England no. 2732756
The Baslngstoke and Alton Cardlac Rehabilitation Charity Limited Company Registratlon Number 2732756 Charity Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2025 Contents Page Directors, trustees, officers and advlsers Trustees, Annual Report for the year ended 31 March 2025 4-10 Independent Examlner's Report li Statement of Flnanclal Activities 12 Balance Sheet 31 March 2025 13 Cash flow statement for the year ended 31 March 2025 14 Notes to the Financial Statements 15-26 Detalled Statement of Financial Activities 27-29 Page I
The Basin8Stoke and Alton Cardiac Rehabilitation Charity Limited Company Registratlon Number 2732756 Charlty Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2025 Re8iStered Office The Basingstoke and Alton Cardiac Rehabilitation Charity Limited Chawton Park Road Alton Hampshire GU34 IRQ Registered Company Number 2732756 Reglstered Charlty Number 1013238 Patron Sir James Scott Bt Dlrectors and Trustees Dr osama Alsanjari Mr Steve Ball Dr Hugh J N Bethell Mr Keith Burgess Mr Keith Charman Mrs Teresa Frost Mr Dominic Gardham Dr Mike G Hayward Ms Lisa Henshaw Mrs Rosemary A Lewis Dr Sally Turner appointed 28, May 2024 appointed Chairman I, June 2025 appointed 27 August 2024 Chairman until 31, May 2025 C.E.O. & Company Secretary Sarah Quarterman Board of Trustees Sub-committees during reportlng year Governance, Finance & Bulldlngs Commlttee Keith Burgess- Chair from September 2023 Dr Mlke Hayward Steve 8all - from June 2024 Dominic Gardham- to October 2024 Keith Charman Sarah Quarterman In Attendance,. Lynn Simpson {Finance Officer) Income Generatlon Committee Lisa Henshaw- Chalr Rosemary Lewi5 Teresa Fr05t- from September 2024 Dr Mike Hayward Sarah Quarterman In Attendonce.. Denise Ellis (Com munity and Event5 Fundrai5ingl Isobel Bretherton (Communications) to December 2024 Service Delivery Committee: Keith Charman- Chair Dr Hugh Bethell Dr Mike Hayward Dominic Gardham Sarah Quarterman Dr SallyTurner In Attendance.. Dr Russell Swart (Clinical Lead) Sarah Hill (Health Programme Mana8erl Denise Ellis (Centre Manager) Isobel Bretherton Icommunicationsl to December 2024 Page 2
The Baslngstoke and Alton Cardiac Rehabllltation Charity Limited Company Reglstfatlon Number 2732756 Charity Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2025 Advisers Independent examiner and accountants D A Sanders BA {Honsl FCA Sheen Stickland Chartered Accountants 2 Oriel Court Omega Park Alton Hampshire GU34 2 Bankers HSBC 22124 Paddln8ton House Festival Place Basing5toke Hampshire RG217U TSB 40, Hlgh Street Alton Hampshire GU34 IBQ 5ollcilors Bookers and Bolton 88 Normandy Street Alton Hampshire GU34 IDH Human Resources Consultants Worknest Second floor 44-46 Springfield Road Horsham West Sussex RH12 2PD Health & Safety Consultants HSQE Group Suite V2, Farnborou8h House, Alexandra Road, Farnborough, Hampshire GU14 6DQ Page 3
The Basingstoke and Alton Cardiac Rehabilitation Charity Limited Company Registration Number 2732756 Charlty Number 1013238 Annual Report and Financlal Statements for the year ended 31 March 2025 Chairman's Statement Mike Hayward. retirlng Chairman Cardiac Health exists to improve the health of the heart and cardiovascular system of our beneficiaries. We also aim to improve strength, fitne55, mobility and wellbeing, to an increasin8 extent not just for patient5 who come to us purely with cardiac issues. We continue to work closely with NHS colleague5 in primary. secondary and community healthcare to provide an integrated pathway for all long-term conditions for which specialist medically led exercise can provide a benefit physically and mentally. During 2024-2025 our new cancer rehabilitation service became embedded as busine55 a5 Usual. We a150 sought to address health inequalities in the local area by running a project targeted to helping people living in Assisted Living settinBS to join an exercise programme people who face barriers of acce55, Cost and transport as well as having co-morbidities that make exercise challenging. Alongside these projects we saw a record number of referrals/sign-postings to our services. We achieved a record weekly attendance figure for exerciser5. This has impacted our finances positively and along with a very successful year of fundraising and grant applications contributed to our first year of achieving a surplus since the Covid pandemic in 2020. However, we still find we are needing to get the message acr055 to healthcare partners in primary and secondary care that we are not just 'cardiac'. To address this the 8oard have undertaken a strategic review of our brand with the help of the Cranfield Trust and in the autumn, we shall be launching a new identity, which points to a broader remit, whilst remaining true to our roots as a cardiac rehabilitation charity. Looking to 2026 we shall celebrate 50 years since Dr Hugh Bethell and Dr Sally Turner began one of the first community.based rehabilitation service5 in Alton Sports Centre which went on to become this charity. Our 501h anniversary will both Celebrate the past and look to the future as we become 'Cardiac Health - Fitness for Llfe,. On a personal note, I stepped down as chair of Cardiac Rehab (now Cardiac Health) at the end of May 2025 after 7 year5 in post. It has been an honour and privilege to have been able to lead such a positive and life affirming organisation over this period. I remain on the board as a trustee and wish my successor Keith Burgess all the very best in his role a5 Chairman. Our Mlsslon To reduce the Incidence of cardiovascular dlsease using medlcally supervised assessments with graduated and monitored exercise. to reduce frailty and so retain independence in older people: to extend the healthy Ilfespan (health-span) of people with underfylng health condltlons. What we do Cardiac Health provides high quallty Integrated care including prevention, rehabllltatlon and education for patients recoverlng from, or at rlsk of, Cardiac illnesses, at our purpose-bullt faclllty in Alton. In addition, we offer cancer rehabilitation exercise programmes and falls prevention classes for graduates from the Alton Community Hospital Physiotherapy department pro8ramme5 for frailer exercisers who go on to join our higher capability Steady & Stron8 classes. Cardiac Health Fitnessfor Life We take rehabilitation referrals from the NHS Hospital Phase 3 cardiac rehabilitation, tertiary Pulmonary rehabilitation services. hospital or primary care cancer services and GP referrals for long-COVID or any long-term condition improved through medically led exercise. 'Staywell' primary prevention helps those at high risk IQRISK>15} of coronary heart disease to increase fitness and reduce risk factor5 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 within our catchment area. All referrals are triaged on their medical history and seen either by Dr Russell Swart or the Health Pro8ramme Team, depending on cardiac risk, to assess exercisers {patients} capability and functional capacity: they complete a treadmill test with ECG if there is history of cardiac or cardiovascular disease. Exercisers receive a bespoke exercise programme, of class or independent exercise, based on fitness level. After 20 sessions of exercise, they are re-tested and fitness levels calculated. We are open for a range of exercise se55ions, both class based and independent sessions. between 8:00am- 8=OOpm Mondav to Thursday. 7=45am- 5:30pm Friday and 8=OOam- 11-.30am on Saturdays. We run an online class and an outdoor class, and non-machine-based classe5 such as Tai Chi and Heartbeat, a movement to music class. The Charity has also provided an office and acce55 to our gym facilities, free of charge, for Hampshire Hospltals NHS Foundation Trust IHHFTI Cardi0108y Department to run it5 Phase 3 post-operative outpatient cardiac rehabilitation and associated doctors, clinics for a number of years. The CEO has obtained an agreement in principle concerning financial contribution for these facilities which we expect to comrnence in April 2025. Page 4
The Basingstoke and Alton Cardiac Rehabilitation Charlty Limited Company Re8lStration Number Z732756 Charity Number 1013238 Annual Report and Financlal Statements for the year ended 31 March 2025 Achievements and Performance for the Year Choritable octlvltles In February 2023. the Board agreed the followin8 3-year strate8y for 2023-2026: To have in place a sustainable 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 developin8 new referral routes for non-cardlac underlylng health conditions wlth existing and new partners within and outside the NHS To position the charity through rebranding as the provider of choice for healthcare professional referral to a Specialist exercise centre 2024-25 saw strong growth in numbers referred to and completing initial exercise programmes with us, Overall, we had 466 new referrals during the year12023-24 3841, and 210 exercisers completed their initial programme of 20 sessions. We continued to work closely with the A31 Primary Care Network IPCNI, HHFT on CVD rehabilitation and prevention, but also received specific funding from the Hampshire Active Health pro8ramme to target people in A5515ted Llvln8 settings which increased numbers In both Steady & Strong and Staywell. Towards the end of the year, we be8an a pilot project to provide cardiac rehabilitation at the Taro Sports Centre, Petersfield, Supported by East Hants District Council IEHDCI to cover the additional overheads of providing a clas5 there. We hope that this will enable u5 to upskill the local instructor population to continue the class after the pilot. 281 88 23 64 Staywell referrals Cardlac Rehab referrals Cancer Rehab referrals steady & Strong referrals 236 In 2023.24 75 In 2023-24 26 in 2023-24 47 In 2023-24 Exerciser outcomes for f itne55 and wellbeing are at the heart of what we do, measuring 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 & Depresslon score. Perceived Wellbeing 4.20/0 ecrease In blood presstsre 22.3010 Oeuea5e in waist clrcurnfe¥ÈNcÈ Improv•m•nl fltn•iJ IA Outcomes for Staywell graduates 2024-25 8.2010 Perceived Wellbeing ReductloTr In walsl clrcufflfèronc Decrease In blood pre$5ure Improvement IIO/o Outcomes for cardiac rehabilitation Phase 4 graduate5 2024-25 The process to re-brand to enable Stakeholders, particularly in the NHS. to understand our broadenin8 remit continued durin8 the year with continued support from a pro-bono consultant from the Cranfield Trust and by the end of thi5 year had pro8ressed to the point of choosing our brand name and strapline. Page 5
The Basingstoke and Alton Cardiac Rehabilitation Charlty Limited Company Registratlon Number 2732756 Charlty Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2025 Operational Changes During 2024-25 we have continued to invest in the building and facilities at the Centre. Major works included installing air- conditioning in the Lecture Room and an additional unit in the gym to ensure we can continue to operate in high temperatures. We also received a grant from the Rural Prosperity Fund to lay an all-weather surface behind the building which wlll allow us to move to complete an extremely overdue lease completion with EHDC. We upgraded our elderly gas boiler and heatin8 controls to reduce our carbon footprint and received a second tranche of new exercise equipment for the gym as part of the Fit for Future Gym project. Towards the end of the year, we prepared to bring our payroll operations inhouse. ClrItable Income During the year, not only did we have a record number of referrals, but we also grew the number of exerciser sessions week on week to over 600 on average and the numberof individuals seen during the year topped 1000. As a result, charitable income increased to £204,93312023-24', £169,650). Fundralslnq 2024-25 was a stron8 year for communlty and events fundralslng and grants. Support from the charitvs exerclsers and supporters throughout the year continued to be superb, and the Trustees would Ilke to record their heartfelt thanks to all those who have made donations, completed challen8es and attended events. to fundraise for Cardiac Health and to Staff and Instructors for their efforts for the charity during the year, We were incredibly grateful to the many families who have requested donations to the Charity In memory of loved ones. Funds raised towards revenue expenditure included £10,000 from Sport England and £20,000 lover 2 years) from the National Lottery. Capital grant5 of £15,000 funded replacin8 the heatin8 boiler and system, with a further £5,300 towards gym equipment. Our thanks to the Edith Florence Spencer Memorial Trust in particular, our District Councillors and to many Trusts and Foundations who have supported the charity. We are especially grateful to our Patron Sir James Scott and many Vice-Patron5 for their continued support. We were very grateful to be chosen by Alre5ford Golf Club as the Captain'5 charlty. Other successful fundraising Included a feast of open 8ardens Ifor which we thank the owner51 and a packed events programme supported by a host ofvolunleers. Online fundraising through the Big Give saw our hi8hest total yet thanks to the Hampshire Cricket Foundation providing champion fundin& which once again inspired our individual donors. Retail sales were maintained against a backdrop of difficult cost of living pressure on individual spend. During the year we closed the 100 Club as dwindling numbers of subscribers had made it uneconomic to run but we thank the many faithful subscribers over the years who have been members. Communlty Fundralilng Our Events Online fundraising Retall sales £33.8K £22.5K £10.5K £26.8K Up 9•10 Yoy Up 17.8010 Yoy M•lDt•ln•d •t hv•lof 202J-24 Volunteer5 We continue to be extremely 8rateful to all the volunteers, includin8 our Trustees. who support the charity through office support, fundraising support, cake baking and collection days. Thank you. Total volunteering hour5 amounted to 863 hours 12024.. 1037 hours). Flnancial Resufts for the Year The results for the year are set out in the Statement of Financial Activities on page 12. Our aim was to have a sustainable business model by the end of 2024-25 and through the combined increase in charitable income and fundraising success, whilst continuing to maintain good cost control. The net incomin8 resources for the year were £66.83812023-24: net outgoin8 resources £23,597]. Income in the year was £553,572, £138,283 more than previous year, due to an improvin8 number of exercisers and grants and trust funding. Also included in the income is the Sum of £500 [2024: £5001 for the Servicing of the Centre's treadmill by the Page 6
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 2025 NHS, provided pro bono and £36,000 representing the consultancy support from the Cranfield Trust towards our re-branding project. Expenditure increased by £47.848 to £486,734 compared to the previous year, due in the main to the £36,000 services in kind consultancy support provided by the Cranfield Trust toward5 our re-branding project. Restricted funds of £131,33912024'. £72,859] were received during the year with expenditure incurred on works to install dditional air-conditioning, lay an all-weather pitch for outdoor exercise. replace the heatin8 boiler and controls to reduce the Centre's carbon footprint. improve the Heart Rate Monitoring 5YStem and continue the programme of replacing our gym equipment (under 'Fit for Future Gym,, above) in addition to staff training- tot311ing £80,39112024: £77.8621. £95,68312024: £1,009] was spent from the restricted fund5 on capital assets. The market value of investments decreased by £2,101 over the year12024: increase £42,671]. Performance of subsldlary companv The Basingstoke and Alton Cardiac Rehabilitation Enterprises Limited remained dormant throughout the year. Reserves Pollcv The Reserves Policy is reviewed annually, examining the requlrements for free, unrestricted cash reserves. The Policy is to hold nine months, operatln8 Costs in reserve given the continued residual impact of COVID on the current financial operatin8 model. Restricted funds include money for gym equipment, long-COVID rehabilitation, the Hampshire Active Health Programme and staff trainin8. Funds have 3150 been designated for our rebranding costs, essential systems up8rades including Windows 11 and to the exerciser database and ongoin8 buildin8 maintenance. As at 31 March 2025 the Charity had approximately £40,277 in free cash reserves lie non-stocks and shares). provldin8 sufficient flexibility to cover Immediate working capital requlrements. Investment Pollcy and Objectlves Trustees review annually the Investment policy under which the Charity'5 long-term unrestricted and restricted investments are managed by CCLA Management Limited. Funds are held in the COIF Ethical Charity Investment Fund and the COIF Charity Short Duration Bond Fund. The Trustees, policy 15 to achieve, over the long term, an increase in the fund's capital value, In real terms (inflation adjusted). Future Plans A major milestone In our rebranding project was passed at the end of 2024-25 when we agreed our new workin81 brand name 'Cardiac Health,. We contlnue to work closely with NHS partners in seeking referrals or si8npostin8 for exercise and chan8in8 our working name will be an essential part of makin8 our breadth of services clear to healthcare partners whilst respectin8 the legacy of the past. Work on the visual identity of the brand will be completed by the autumn of 2025. Increasing the breadth of Services continues to have a focu5 and we are planning a Stroke Rehabilitation pro8ramme and Menopause programme in 2026. We continue to have to work hard to convince some healthcare providers that it is rea50n3ble, even unavoidable, to signpost their patients to a service which is not free at the point of access. With no consistency of approach within the NHS about how to work alon8side Voluntary sector providers it is a perennial problem to have to overcome this barrier to patient choice. Whilst we had considerable success in grant fundraising in 2024-25, the outlook is far more bleak for grants this year and we are forecastin8 a loss of up to £40,000 for 2025-26. Plans are in place to maximise the impact of our new brand and of the 50, Anniversary of the service in 2026, which began as a community cardiac rehabilitation offer in Alton Sports Centre in 1976. The Trustees are confident that the general reserves continue to be sufficient to mitigate the overall financial impact. The Charity's strategy, reserves, quality of leadership and staff team endorses the Trustees. assessment that there are no significant doubts of the Charitws ability to continue as a going concern. This annual report and the unaudited financial statements for the year ended 31 March 2025 are presented under the Charitie5 Act 1993, as amended by the Charities Act 2006 and the Charities Act 2011; and the Companies Act 2006 and confirm that the unaudited financial statement5 comply with the requirements of those Acts and the Charities SORP 2015 FRS 102 SIA. Information on Trustees. officers and advisers on pages 2 and 3 forms part of the Trustee5' Annual Report. Page 7
The Basin8Stoke and Alton Cardiac Rehabilitation Charity Limited Company Reglstratlon Number 2732756 Charity Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2025 Governance and Management The Basingstoke and Alton Cardiac Rehabilitation Charity Limited Icardiac Health) is a company limited by guarantee and a registered charity. The Charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee as 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 {Trusteesl 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 frustees The Trustee5 who served durlng the year are given on page 2. Recrultment and Tralnlnq of Trustees The Board undertakes a ski115 audit regu larly and a nominations sub-committee draws up a 5hortlist of skills and experiences that would strengthen the performance of the Board and are in accordance with the Charity's Articles of Association. Roles are advertised internally to beneficiaries and externally, to encourage applications. Weight 15 also given to specific experiences and qualifications of any retiring trustees, to ensure continuity of representation of a broad skillset on the Board and connections locally and re8ionally. Applicants are interviewed before recornmendation for appointment at a Board meeting. A formal induction is arranged for all new trustees to ensure that they are famlliar with the Charity, the way in which it operates, and the current Issues which face Trustees and Management. This 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. Orqonlsotlonal Manaqement The Charity Trustees are legal IV responsible for the governance and overall direction of the Charity and delegate the day-to- day management to the CEO. The Board meets four time5 3 year. The Charity ha5 adopted a Governance Framework setting out the Charity's governance arrangements and the delegation of responsibilities and authoritie5. Detailed monitoring is carried out by three committee5 a5 Set out on page 2. The Chair of Trustees attends each of the committees. The main responsibilitles of each commlttee are.. Governance, Flnance & 8ulldln8s Commlttee: to ensure compliance with all relevant legislation and the Charity's Memorandum and Articles of Association, oversee the f inancial affalrs of Cardiac Health and all aspects of building and facilities management. This may include the development of policies, monitorin8 of compliance, monitoring and review of the advisers and servlce providers, discharging the Trustees, statutory duties in relation to the provision of information, 8overnance and any audit requirements, Income Generatlon Committee: to develop. implement and monitor strategy for income generation, fundralslng and communications for the Charity including tactlC5 for developing new markets, stakeholder management, supporter marketin8 and fundraising. Servlce Dellvery Commlttee: to oversee all aspects of service delivery at Cardiac Health i ncluding liai50n with partners within the NHS and the community. Risk Manoqement The Board is responsible for risk managemerbt. The CEO maintains a Risk Register covering operations, health and safety, financial borrowing, charitable status, disaster plannin8 and governance and management,. mitigations are regularly reviewed, and management of risk 15 a routine part of all Charity activities. Mitigation action plans 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 Basing5toke and Alton Cardiac Rehabllltatlon Charlty Llmited Company Registration Number 2732756 Charlty Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2025 The key controls used by the Charity include: formal agendas for all Committee and Board actlvlty; detailed terms of reference for all Committees,. comprehensive strategic planning, budgeting and management accountin8; e5tabli5hed organisational structure and lines of reporting; formal written policies includi ng appropriate Health & safety Policies in place and actively applied by staff. clear authorisation and approval levels. Objectlves and Activities Charltable Objectlves The objectives, for which the Charity Is established, are: a) The relief of persons suffering from or at risk of heart and coronary illness and other illnesses and medical conditions for which supervised exercise provides rehabilitation or effective intervention by the provision and maintenance of Cardiac Rehabilitation Unit and other relevant services. b) The education and assistance of such persons so to develop thelr understandlng of the nature of actual and potential medlcal conditions particularly heart disease, education in how to avoid the onset or recurrence thereof, and the role of diet, exercise and Ilfestyle choices so that thelr conditions of life may be improved. c) The promotion of research into the causes and treatment of heart and coronary Illness and other medical conditions, and the publlcation of the useful results of such research. d) The promotion of changes to lifestyles that help to achieve healthier living. Accounting policies adopted in achieving these objectives are as set out in note 2 to these financial statement5. There have been no material chan8es in these policies. SlqnlAltont attlvltles The principal activities of the Charity continue to be the pursuit of the four objectives laid ot above, making use of the Charlty's purpose-built centre on a site leased from East Hampshlre Dlstrict Councll adjoinin8 Alton Sports Centre. Statement on Public Beneflt The Trustees have complied with their duty in section 4 of the Charlties Act 2011 to have due re8ard to the public benefit guidance published by the Charity Commission. It is well accepted that the use of exercise and health education is effective for both cardiac rehabilitation and the primarv prevention of heart disease. Both are encouraged by the NHS to meet the national public health agenda. In the Charity's localitv there is no public-sector provision, or funding, similar to the service offered by the Charity. Accordin8ly, the Trustees are clear that the Charity's services are provided for the public benefit. The services that the Charity provides to individuals 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 a doctor or other health professional as meeting the appropriate medical health or condition criteria; and Ibl they are aged 18 years or more las dealing Wlth such health conditions in minors require5 more specialist facilities and expertise than the Charity possesses). Exercisers pay a contribution towards the cost of these services but 55Yo of the c05t must be covered by fundraisin8. A reduced contribution or free usage Is offered for those on benefit5. and in cases of exceptional economic hardship. Exerci5er5 are referred to us land accepted by us) strictly according to medical need. Accordingly, the Trustee5 are confident that our services do not discriminate in term5 of adult age, gender, ethnicity, disability or sexual orientation. Our exercisers are, however, 5elf-5electing in that it is their choice as to whether our services. and. in particular, our gym-based exercise, are attractive to them. Exercisers cannot be referred to us without their consent. Exerci5er5 may be accompanied by a friend or relative to support them,. such individuals are screened appropriately prior to joining any exercise session5. Page 9
The Baslngstoke and Alton Cardiac Rehabllltation Charity Limited Company Re8lstratlon Number 2732756 Charity Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2025 Statement of Trustees. Responslblllties The Trustees, who are also the directors of Basingstoke and Alton Cardiac Rehabilitation Charity Limited for the purposes of company law, are responsible for preparing the Trustees, 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 Accounting 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 view of the state of affairs of the charitable Company and of the incoming resources 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 accountin8 estimates that are reasonable and prudent; state whether applicable UK Accountln8 Standards have been followed, subject to any materlal departures disclosed and explained in the financial statements; prepare the financial statement5 on the going concern basis unless It Is Inappropriate to presume that the charltable Company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficlent to show and explain the charitable Company's transactions and disclose, with reasonable accuracy at any time, the financial position of the charitable Company and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Companies Act 2016. They 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 Exomlnotlon Sheen Stickland were appointed as Independent Examiner to the charitable Company in June 2010 and have been re-appointed each year following by resolution at the AGM in December. In so far as the Trustees are aware: there is no relevant financlal Informatlon of which the charitable Company's Independent Examiner are unaware- and the Trustees have taken all the steps that they ought to have taken in order to make themselves aware of any relevant financial information and to establish that the charitable Company's Independent Examiner is aware of that informatlon. The Trustees are responslble for the malntenance and inte8rity of the charltable Company's website. Legislation in the Unlted Kingdom 8overning the preparatlon and dissemination of financlal statements may dlffer from le8islation in other jurlsdlctlons. This report has been prepared In accordance with the special provlslons of Part 15 of the Companies Act 2006 relatin8 to small companies. Approved by the Board on 2nd December 2025 and slgned on its behalf by.. rgess. Chalrman Page 10
The Basingstoke and Alton Cardiac Rehabilitation Charlty Llmited Company Reglstratlon Number 2732756 Charlty Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2025 Report of the Independent Examiner report to the Charity trustee5 on my examination of the financial statement5 of The Basingstoke and Alton Cardiac Rehabilitation Charity Limited for the year ended 31 March 2025 set out on pages 12 to 26. Re5ponslbllltles and basls of report As the Charity's Trustee5 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 (the 2006 Act). Having satisfied myself that the accounts of the Company are not required to be audited u nder 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 carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent Examlner's statement Since the Company's gross Income exceeded £250,000, your examiner must be a member of a body listed in section 145 ofthe 2011 Act. I confirm that l am qualified to undertake the examination because l am a rnember of The Institute of Chartered Accountants in England and Wale5, whlch Is one of the listed bodies. I have completed my examination. I confirm that no matter5 have come to my attention in connection with the examlnatlon giving me cause to believe that.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act,. or the accounts do not accord with those records, or the accounts do not comply wlth the accounting requirements of section 396 of the 2006 Act other than any requlrement that the account5 give a "true and fair view" whlch Is not a matter considered a5 part of an independent examlnatlon,. or the accounts have not been prepared In accordance wlth the methods and principles of the Statement of Recommended Practice for accountin8 and reporting by charities lapplicable to charlties preparin8 their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have corne acr055 no other matters in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached. Signed: D A Sanders BA {Honsl FCA The Institute of Chartered Accountants in England and Wales Sheen Stickland Chartered Accountants Alton, Hampshire Date: Pagell
The Basingstoke and Alton Cardiac Rehabilitation Charity Limited Company Registration Number 2732756 Charlty Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2025 Statement of Financial Activities Note Unrestricted Fund5 Restricted Funds Total 2025 Total 2024 Income and Endowments from: Charltable actlvltles Provision of exercise facilities 204,933 204,933 169,650 Tradin8 and fundraising 123,667 2,000 125,667 126,575 Donations and legacies 90,752 129,339 220,091 116,8S8 Investment Income Total Income Expendlture on: Cost of raising funds 72,299 72,299 72,269 Charltable actlvltles Provision of exercise facilities 334 414 435 366 617 Totsl Expendlture 406 343 486 734 438 886 Net In¢ome/lexpendlturel for the year 15,890 50,948 66,838 {23,597) Net gains/llossesl on investments 12,1011 12,1011 42,671 Transfer between Funds 16,1581 6,158 Net movement In funds for the year 7,631 57,106 64,737 19,074 Reconclliatlon of Funds: Total Funds brought forward Total Funds carrled forward All activities are classed as continuin8. The notes on page5 15 to 26 form part of these financial statements. Page 12
The Ba5ingstoke and Alton Cardiac Rehabllitatlon Charity Limited Company Reglstratlon Number 2732756 Charity Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2025 Balance Sheet a5 at 31 March 2025 Note Unrestricted Funds Restricted Funds Total Total Flxed Assets Tangible fixed assets Intangible fixed a55etS Investments io io li 310,699 13,513 387 824 164,481 5,290 475,180 18,803 387 824 406,112 25,025 389 925 712 036 169 771 881807 821062 Current Assets Stocks Debtors: amounts due within one year Cash at bank and in hand 12 13 1,753 16,898 128 098 146,749 1,753 16,898 1,946 13,195 107 367 122,508 96 8,963 155,712 Credltors: amounts fallln8 due wlthln one vear 14 Net Current Assets Total Assets le55 Current Llabllltles 770,963 178,734 949,697 884,960 Net Assets a8 Funds Restricted funds Unrestricted funds 15 15 178,734 770 963 121,628 763 332 Total Funds The notes on pages 15 to 26 form part of these financlal statements, The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025 and the members have not required the charitable company to obtain an audit of its financial statements in accordance with Section 476 of the Cornpanie5 Act 2006. The Trustees acknowledge their responsibility for.. al ensuring that the charitable company keep5 accounting records that cornply with Section5 386 and 387 of the Companies Act 2006,. and bl preparing financial statement5 which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements so far as applicable to the charitable company. These financial statements have been prepared in accordance with the special provisions of Part IS of the Companies Act 2006 relating to charitable srnall companies. These finan I statem ts were approved by the Board of Trustees on 2nd December 2025 and signed on its behalf by.. rgess, C rman of Trustees.. Date: 2//3/2< Page 13
The Basingstoke and Alton Cardiac Rehabllltatlon Charity Limited Company Registration Number 2732756 Charlty Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2025 Cash Flow statement for year ended 31 March 2025 Table 2025 2024 Cash generated from operatln8 actlvltles: Net cash provided by Iu5ed inl operating activities 122 496 Cash flows from Investlng actlvltles: Cash flows from other sources: Bank interest received Proceeds from sale of Investment 2,881 2,206 37 Appllcatlon of cash: Payment for tangible fixed asset5 Payment for Intangible fixed assets Payment for investment5 193,6831 12,0001 12,643) 13,1101 Net cash provlded by (used Inl Investln8 a¢tlvltle$ 29,694 13,510) Cash at bank and in hand at I. April 105 705 Cash at bank and In hand at 31. March Table I: Reconclliation of net In¢omellexpendlture) to net cash flow from operatln8 actlvltles 2025 2024 Net incomellexpenditurel for the reporting period las per the Statement of Financial Activities) 64,737 19,074 Change in market value of investments Depreciation charge5 Interest received Lossllprofitl on the sale of tangible fixed assets {Increasel/decrease in stocks Decf easellincreasel in debtors IDecreasel/increase in creditors 2,101 32,837 12,8811 142,6711 28,117 {2,2061 85 {2551 14,1871 193 13,7031 Net cash provided by / (used inl operating activities 122 496 The note5 on pages 15 to 26 form part of these financial statements. Page 14
The Baslngstoke and Alton Cardiac Rehabilitation Charity Limited Company Reglstratlon Number 2732756 Charity Number 1013238 Annual Report and Financlal Statements for the year ended 31 March 2025 Notes to the Financial Statements for the year ended 31 March 2025 Statement of Compliance The Basingstoke and Alton Cardiac Rehabilitation Charity Limited 15 a charity, limited by guarantee, incorporated in England, company registration number 2732756. and charity number 1013238. The registered office is Basin8Stoke & Alton Cardiac Rehabilitation Charity, Chawton Park Road, Alton, Hampshire GU34 IRQ. The financial statements are presented in sterling which is the functional currency of the charity and are rounded to the nearest pound. The financial statements have been prepared in compliance with FRS 102 as it applied to the financial statements for the year ended 31 March 2025. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated, Accountlng pollcles The flnanclal 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 'Accountin8 and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 leffective l January 20191,, Financial Reporting Standard 102 he Reporting Standard applicable in the United Kingdom and Republic of Ireland, and the Companies Act 2006. 8asls of accountlng The financial Statements are prepared In accordance wlth the hlstorlcal 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 comprise a small grcup. Accordingly, the charity ha5 taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group account5. These financial statements present information about the charity as an individual undertaking. Resources arlsin8- Income All income is recogni5ed in the Statement of Financial Activities when the conditions for receipt have been met and there 15 reasonable 35surance of receipt. Where a claim for repayment of income tax ha5 been or will be made, such income is grossed up for the tax recoverable. The following accounting policies are applied to income- al Class fees and other actlvltles 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 is accounted for when received. cl Donations Donation5 and all other receipts from fund-raising are reported gr055 and the related fund-raising costs are reported in expenditure. Donations receivable for the general purposes of the charity are credited to Unrestricted Funds. Donation5 for purposes restricted by the wishes of the donor are taken to Restricted Funds where these wishes are le8ally binding on the Trustees of the charity. Page 15
The Basin8Stoke and Alton Cardiac Rehabilitation Charlty Llmited Company Registration Number2732756 Charity Number 1013238 Annual Report and Financlal Statements for the year ended 31 March 2025 Accounting policies (continued) Resources expended Expenditure is 3ccounted for on an accruals basis and is allocated to expense heading5 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 generatin8 funds Costs of 8eneratin8 funds comprise the cost of fundraising. Expenditure is accounted for on an accruals basls. Dlrect ¢harltable expendlture Direct charitable expendlture Includes all expenditure directly related to the objects of the Charity and Is accounted for on an accruals basis. Support costs Support costs, which are not attrlbutable to a single activity, are apportioned between fundra151n8 and charitable activities based on direct expenditure incurred on those activities, Fund accountln8 The Charity maintains various types of funds as follows: a) Restrlrted Funds Restricted funds represent grants, donations and le8acies 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 fund5 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 workin8 capital and capital investment. Tanglble flxed assets Tangible fixed assets are stated at cost le55 depreciation which is provided In equal annual instalments over the estimated useful lives of the assets. Indivldual assets over a cost of £500 are capitali5ed,' this was increased from £100 from April 2016. Properties are maintained throu8hout the year and an impairment review is carried out on an annual basis. The rates of depreciation applied to assets are as follows: Leasehold propertv Solar Pane15 Fitness equipment Office and computer equipment and furniture Intan8ible fixed a55et5 Intangible fixed a55ets are stated at cost less depreciation which 15 provided in equal annual instalments over the estimated useful lives of the as5et5. Individual assets over a cost of £500 are capitalised. The rates of depreciation applied to 355ets are as follows: 2-4% on cost 4% on cost 20% on c05t 20% on cost Website and Computer software 20% on cost Page 16
The Basingstoke and Alton Cardiac Rehabilltatlon Charity Limited Company Re8iStration Number 2732756 Charity Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2025 Accounting policies (contlnued) Investments Investments in subsidiary undertakings are stated at cost. Other investments are stated at market value. with revaluation adju5tment5 being taken to the income and expenditure account. Stocks Stocks are stated at the lower of c05t and net realisable value, having made due allowance for obsolete and slow-moving items. Taxatlon The Charity is exempt from corporation tax on Its charltable activities. Penslon costs and other post-retlrement benefits The Charity operates a defined contribution pension scheme In the UK on behalf of the employees of the charitable company. The amount charged to the SOFA represents the contributions payable in the year, Pension expenses are allocated frorn unrestricted funds. Donated a55et5 and servlces Donated assets and services are recognised as income when the charity has control over the item, any conditions associated 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 reliablv. On receipt, donated a55et5 and services are reco8nised based on the value of the gift or service to the Charity, which is the amount the Charity would have been willing to pay to obtain the equivalent economic benefit on the open market,. a corresponding amount is then reco8nised in expenditure in the period of receipt. Where the value of donated as5Èts and services cannot be reliably estimated, then no such adjustment 15 made. Flnanclal Instruments The Charity only has flnancial assets and financial liabilities of 3 kind that quallfy as baslc flnanclal Instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement date. Income from Charitable Actlvltles 2025 2024 Exerclse classes Less concesslons Course fees Room hire Other income Unrestricted income Total income from charitable activities 194,773 11,3981 150 3,590 162,290 16901 800 4,666 204,933 169,650 Conce5si0n rale 15 offered to exerclser5 wlth low-lncome statu5 based on belng In recelpt of benefit5 as listed in ihe Concesslon Pollcy and to ensure those econcrnically disadvantaged have acce5S to our services Other ancillary activitie5 2025 2024 Event takin8S Grand draw5 Sales 100 Club donations Flag days and collection tins Lotterv Unrestricted income Restricted income.. Events takings Total income from other ancillary activities 82,862 16,319 10,416 1,992 195 81,835 14.551 10,405 2,302 2,511 123,667 124,461 126 575 Page 17
The Basingstoke and Alton Cardiac Rehabilitation Charlty Llmited Company Registration Number 2732756 Charlty Number 1013238 Annual Report and Flnancial Statements for the year ended 31 March 2025 Donation5 and Legacies 2025 2024 Regular giving Donations and gifts Legacies In memoriam Trusts and Foundations 8,236 13,633 6,500 26,707 7,786 19,232 19,095 Total Unrestricted income Restricted income - regular giving Restricted income - services provided in kind Restricted income - Statutory grants Re5trlcted income - Trusts and Foundatlons 960 36,500 69.763 960 500 12,935 Total Restricted Income 129 339 Total Income from donatlons and le8acles Investment income 2025 2024 Bank interest receivable Expenditure Costs of generatlng funds 202 024 Staff costs External Fundraising costs Publiclty and marketing Events expenses Merchandise purchases Support costs 43.354 3,866 8,277 10.188 5,462 44,009 6.878 4,262 11,176 4,743 Total Unrestricted Total c05ts of generatln8 funds Page 18
The Baslngstoke and Alton Cardiac Rehabilitatlon Charity Limited Company Re81stration Number 2732756 Charity Number 1013238 Annual Report and Flnancial Statements for the year ended 31 March 2025 Expendlture (continued) Costs of charltable activitie5 2025 2024 Provision of exercise facilities: Staff costs Rent, rates and water Insurance Llght and heat Telephone Postage, stationery and printing Sundries Cleanlng Repairs and maintenance Health and safety Subscriptions Travel expenses Staff recruitment Bank charges Staff refreshments Staff uniforms Training Cardiologist's fees Physical trainin8 instructors Gym equipment maintenance Health programme expenses Course expenses Room hire costs IT costs Depreciation Loss on dlsposal of tangible a5set5 Support costs 160,585 2,277 3,832 4,655 2,419 2,567 iioi 10,089 9,516 18 779 227 562 2,420 1,684 137,013 1,956 3,902 5,218 2,461 3,372 1531 9,578 7,372 49 642 222 524 2,342 1,342 197 12 20,250 73,863 236 643 148 20,700 55,116 179 16 506 13,487 16,427 94 15,255 16,027 Unrestricted expenditure 334 044 288 755 Restrlcted expenditure Salaries Physical tralnln8 Instructors Staff training Health Programme costs Studio hire Gym equipment maintenance Profit on disP05al of restricted assets Property repairs and renewals Centre equipment repairs and renewals Depreciation on restricted assets Support costs- services provided in kind 15,947 4.594 1,454 182 420 1,792 38,120 17,850 1,524 1,782 iioi 3,450 3.456 11,690 664 16,810 Restricted expenditure Total costs of charltable expendlture Page 19
The Basingstoke and Alton Cardiac Rehabilitation Charlty Limited Company Registratlon Number 2732756 Charlty Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2025 Expendlture {continued) Costs of generating funds 2025 2024 Support costs Support costs of generating voluntary income Support costs of charitable activitie5 1,152 1,201 Support costs of charitable activities- restricted Total Support costs Governance costs Included In Support costs 2,578 2,110 Net Incomlng/{outgoingl resources for the year is stated after char8in8: 2025 2024 Depreciation - owned assets Independent Examiner's fee 32,837 2,510 28,117 2,084 Restricted income recelved during the year was used to purchase tan8ible fixed assets of £93,68312024: £1,009] and Intangible assets of £2,00012024: £7501. Employee information 2025 2024 Total staff costs comprlse: Wages and salarie5 Social security costs Pension contributions 206,729 8,528 206,011 8,541 219 886 219 141 Cost of generating funds: staff costs Cost of charitable activities.. staff costs Total staff costs 43,354 176 532 219 886 44,009 175 132 219 141 The average number of employees in the year was- 1512024: 151, full tlme equivalents 6 [2024-. 61 and the number of employees at the end of the year wa5 1412024.. 151. One member of staff was paid more than £60.000 per annum12024: nill. Neither the Trustees of The Ba5ingstoke and Alton Cardiac Rehabilitation Charity Limited nor persons connected with them received any remuneration or other benefits from the Charity. There were no expenses for trustee training incurred by Trustees during the year12024: £nill and therefore there was no reimbursement of expenditure. Page 20
The Basingstoke and Alton Cardiac Rehabilitation Charity Limited Company Registration Number 2732756 Charlty Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2025 Comparatives for the Statement of Financial Activities Unrestricted Funds Restricted Funds Total 2024 Income and Endowments from: Charitable activitie5 Provision of exercise facilities Trading and fundraising Donations and legacies Investment income Total Income 169,650 124,461 46,113 169,650 126,575 116,858 2,114 70,745 Expendlture on; Cost of ralsln8 funds Charltable actlvltle5 Provision of exercise facilltles 72,269 72,269 288 755 77 Total Expendlture 438 886 Net Income/(expendlturel for the year Net 8ainslllossesl on investments Transfer between Funds 118,5941 42,671 12,7671 15,0031 123,5971 42,671 2.767 Net movement in fund5 for the year 21.310 12,2361 19.074 Reconclllatlon of Funds: Total Funds brought forward Total Funds carrled forward 10 Flxed Assets Tangible Fixed Assets Leasehold Pro ert Fitness ui Office Com uter Total Cost At l Aprll 2024 Transfers Additions Disposals At 31 March 2025 Accumulated depreciatlon At l April 2024 Transfer5 Char8e for the year On disposals At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 552,612 74,501 44,124 21,232 692,469 33,076 19,021 37,113 4.473 93,683 585 688 759 180 161,155 70,221 38,564 16,417 286,357 11,903 4,838 5,363 2,511 24,615 173 058 284 000 412 630 391457 475 180 406 112 Page21
The Basingstoke and Alton Cardiac Rehabilitation Charity Limited Company Registration Number 2732756 Charlty Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2025 10 Fixed Assets (continued) Intangible Fixed Asset5 Website and Com uter Software Total Cost At l April 2024 Additions At 31 March 2025 Accumulated depreclatlon At l April 2024 Charge for the year At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 45,843 45,843 20,818 20,818 11 Investments held as flxed assets The Charity has a 100% holdin8 of 2 ordinary shares of £1 each in The Ba5ingstoke and Alton Cardlac Rehabilitation Enterprises Llmlted, a limited company registered in En8land and Wales. Quoted investments held In CCLA COIF Ethical Charity Investment Fund and CCLA COI F Charity Short Duration Bond Fund {previously named Fixed Interest Fund) at 31 March 2025: Ethical Investment Fund 2025 Short Duration Bond Fund 2025 Total Total 2024 Market value at beginning of the year 340,024 49,899 389,923 347,252 Net unreallsed profitllloss} on revaluation at end of year 42 Market value at end of year Analysis of investments 2025 Asset allocation 2024 Asset allocation Ethical Investment Fund Overseas equities Fixed interest UK equities Cash Infrastructure and operating assets Propertv Private equity and other Contractual and other income Derivatives 56.97% 10.15% 8.16% 6.97% 6.60% 4.64Yo 4.60% 1.89Y. 0.02% 65.14% 8.03% 6.34% 2.18% 9.13% 4.59% 3.33% 1.24% 0.02% Total ioo.oo% ioo.oo% Page 22
The Baslngstoke and Alton Cardiac Rehabilitation Charity Limited Company Registration Number 2732756 Charlty Number 1013238 Annual Report and Flnanclal Statement5 for the year ended 31 March 2025 11 Investments held as fixed assets (contlnued) 2025 Asset allocation 2024 Asset allocatlon Short Duration Bond Fund Non-Governrnent Bonds Overseas Government Bonds Cash UK Government Bonds 73.29% 24.48% 1.42% 0.81% 64.38% 31.14% 3.54% 0.94% Total ioo.oo% ioo.oo% 12 Stocks 2025 2024 Merchandise 13 Debtors: amounts falllng due wlthln one year 2025 2024 Prepayments and accrued income Other debtors 13,718 11,002 14 Credltors: amounts fallln8 due within one year 2025 2024 Trade creditors Other taxation and soclal securitv Other creditors Deferred income and accrued expenses 21,294 2,979 665 12,841 1,718 1,378 The deferred income creditor as included withln the deferred income and accrued expenses relates to exerclse tokens purchased during the year not yet utilised, the movement is shown below.. 2025 2024 Balance at I, April Exercise token5 purchased Exercise tokens utilised Balance at 31" March 29,794 189,974 179 377 23,475 165,666 159 347 Page 23
The Basingstoke and Alton Cardiac Rehabllitation Charlty Llmlted Company Registration Number 2732756 Charlty Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2025 15 Movement in funds Atl April 2023 Net movement in funds 2024 Transfer between funds 2024 At31 Net March movement 2024 in funds 2025 Transfer between funds 2025 At31 March 2025 Unrestrlcted Funds General Fund Tangible Fixed Asset fund Intangible Fixed Asset fund Designated funds: Capital expenditure Assisted Living Prog Cardio108lst Fund 303,551 24,077 27,351 354,979 13,789 144,1841 324,584 329,500 19,9671 319,533 18,8341 310,699 22,425 13,1781 19,247 15,734} 13,513 25,aoo Isooi 14,300 24,500 14,300 92,700 19,3331 117,200 4,967 742 763 332 77 13 789 963 Restrlcted Funds Written down cost of capital as5etS Staff Training Fund Health Prog Fund Long COVID Fund Cancer Rehab Fund Health Prog support Outdoor Ex. area 123,864 111,5811 15641 682 11,0401 7,500 14,2911 1,623 592 4,843 107,992 1,059 1,274 3,803 7,500 58,284 14941 708 13341 {7,5001 948 664 5,494 171.770 565 1,982 3,469 948 664 123 864 121628 178 734 Total Funds The Trustees have revlewed values of the previously designated funds In the light of progress thls year and given the pressure of inflationary costs and tOU8h fundraising environment, the General Fund has been retained, Tan8ible Fixed Asset fund Is the wrltten down value of the Cardiac Health buildin8. Intan8ible Fixed Asset fund Is the written down value of the new Cardiac Health website and bespoke developed computer 50ftware. The Capital expenditu re designated fund is for future building maintenance- equipment replacement and future IT developments of our website,. bespoke heart rate monitorin8 and exercise database 5y5tem5,' and the re-branding exercise. The Cardiologist Fund is a reserve which includes funding of a professional with appropriate clinical and medical expertise. The cost of a Clinical Oirector 15 now included in the Statement of Financial Activities. Restricted funds consist of capital restricted expenditure being written down. remaining capital fund5 for the refurbishment of the Centre and a Lon8-COVID fund to help sufferers of long COVI D achieve physical reconditionin8 and cancer rehabilitation. Page 24
The Basingstoke and Alton Cardiac Rehabilitatlon Charity Limited Company Registration Number 2732756 Charlty Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2025 15 Movement in funds (continued) Net movement in funds, included in the above, are as follows.. Incoming resources Re50urce5 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 fund5'. Capital expenditu re Assisted Living Prog. Cardiolo8lSt Fu nd 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 Staff Training Fu nd Health Prog Fund Long COVID Fund Cancer Rehab Fund 16,300 127,8811 111,5811 14,2911 115,8721 960 48,099 {1,5241 147,4171 {1,040) 15641 682 {1,0401 1,623 592 4,843 1,059 1.274 3,803 003 Total Funds Incomln8 resources Resources expended Net movement before transfer 2025 Transfer between funds Net movement in funds 2025 2025 2025 2025 Unre5trlrted Funds General fund Tangible Fixed A55et Intangible Asset Deslgnated fund5'. Capital expenditure Service Delivery Fund Cardiologist Fund 422,233 1408,444) 13,789 144,1841 18.8341 15,7341 130,3951 18,8341 {5,7341 92,700 19,333) 92,700 19,3331 422 233 408 444 Restrlcted Funds Written down cost of capital assets Staff Training Fund Health Prog Fund Long COVID Fund Cancer Rehab Fund Services in Kind Asslsted Living Fund Outdoor Ex area 75,094 {16,8101 58,284 5,494 63,778 960 8,020 11,4541 17.3121 13341 17.5001 136,5001 19,8171 664 14941 708 13341 {7,5001 1494} 708 13341 17,5001 36,500 10,765 948 664 948 664 131339 Total Funds Page 25
The Basingstoke and Alton Cardiac Rehabilitation Charlty Llmlted Company Registration Number2732756 Charlty Number 1013238 Annual Report and Flnancial Statements for the year ended 31 March 2025 15 Legal status of the Charity The Charity Is a company incorporated in England and Wales and limited by guarantee. It ha5 no share capital. The level of 8uarantee for each member is limited to £10 per member. 16 Related party transactions There have been no related party transactions in the reporting period that require disclosure. Page 26
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 2025 Detailed Statement of Flnancial Activities for the year ended 31 March 2025 2025 2024 Income and Endowments from: Charltable actlvitie5 Exercise classes Course fees Room hire Other income 193,375 150 3,590 161,600 800 4,667 204,933 169,650 Total income from charitable activities Other actlvltles Events takings Grand Draws Lottery Merchandlse sale5 100 Club donation5 Corporate 5ponsorshlp Flag days and collection tins 82,062 16,319 11,883 10.416 1,992 800 195 123 667 79,885 14,551 12,857 10,405 2,302 1,950 124 461 Restricted income- communlty fundraising Total Other activities Donatlons and LeBacles ReBular givlng Donatlons and gifts Legacies In Memorlam Trusts and Foundations Unrestricted Income 8.236 13,633 6,500 26,707 676 7,786 19,232 19,095 Restricted income- donations: services provided in kind Restricted income- re8ular giving Restricted income- Statutory grants Restricted income - Trusts and Foundation5 Restricted income Total Donations and Le8acies 36,500 960 69,763 500 960 12,935 129 339 Investment Income Bank deposit income Total Income and endowments Thi5 page does not form part of the statutory financial statements. Page 27
The Basingstoke and Alton Cardiac Rehabllitation Charity Limited Company Re8iStration Number 2732756 Charity Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2025 2025 2024 Expendlture: Ra151ng donations and legacles Salaries National Insurance contributions Pension contributions External Fundraising costs Publicitv Events expense5 Purchases 39,649 2,606 1,099 3,866 ,277 10,188 40,238 2,611 1,160 6.878 4,262 11,176 Charltable actlvltles Salaries Salaries- ex restricted income National Insurance contributions National Insurance contributions - ex restricted Income Pension contributions Pension contrlbutions- ex restricted income Rent, rates and water Insurance Li8ht and heat Telephone Postage and stationery Sundries Cleaning Repairs and maintenance Repairs and maintenance- ex restrlcted Income Health and safetv Subscriptions Travel expenses Staff recruitment Bank Charges Staff refreshments Staff uniforms Training Trainin8- ex restricted income Physical training instructors Physical trainin8 instructors- restricted Cardiologist fees Health programme expense5 Health programme expenses - restricted Course expenses Room Hire costs Studio Hire costs- restricted IT costs Loss on disposal of assets Profit on disposal of restricted assets Depreciation- tangible a55et5 Depreciation tangible assets on restricted assets Depreciation intangible a55ets Depreciation - intangible assets - on restricted a55ets 151,895 15,185 5,451 471 3,239 291 2,277 3,832 4,655 2,419 2,567 lio} 10,089 9,752 2,456 18 779 227 562 2,420 1,684 129,347 36,426 4,791 1.140 2,875 554 1,956 3,902 5.218 2,461 3,372 {531 9.578 7,372 8,688 49 642 222 524 2,342 1,342 197 12 1,454 73,863 4,524 20,250 643 182 148 1,524 55,116 17,850 20,700 179 16 506 420 15,255 13,487 94 lio} 10,890 8,844 5.537 ID,293 14,321 5,734 369 917 360 524 This page does not form part of the statutory financial statements. Page 28
The Basingstoke and Alton Cardlac Rehabilitation Charity Llmlted Company Reg15tration Number 2732756 Charlty Number 1013238 Annual Report and Financial Statements for the year ended 31 March 2025 Detailed Statement of Flnancial Activities (continued) for the year ended 31 March 2025 2025 2024 Expendlture: support costs Independent Examiner's fee Payroll fees and Legal fees Con5ultancv Consultancy- fees 2,510 991 3,641 2,084 1,634 3,576 Total resources expended Net Incomel{expendlturel 66,838 123,597) Unreallsed 8ain/l105sI on Investments 12,1011 42,671 Net movement In Funds This page does not form part of the statutory financial statements. Page 29