## **OSPREY** **Reports and Accounts for the year ended 30th June 2024** **OSPREY** ## **Reports and Accounts** ## **for the year ended 30th June 2024** ## **CONTENTS** |1.|Independent Examiner's Report| |---|---| |2. - 3.|Trustees' Report| |4. - 5.|Reports| |6.|Receipts and Payments Accounts| |7.|Statement of Assets and Liabilities| |8.|Accounting Policies and Notes| ## **OSPREY** ## **Independent Examiner's Report to the Trustees of Osprey** I report on the accounts of the Trust for the year ended 30[th] June 2024, which are set out on pages 8 to 10. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - to state whether particular matters have come to my attention. ## **Basis of independent examiner's report** My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities (Accounts and Reports) Regulations 2008 have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Paul Drant FCA Sadofskys Chartered Accountants Princes House Wright Street Hull HU2 8HX 24[th] February, 2025 1 ## **OSPREY** ## **(Osteoporosis Research in East Yorkshire)** ## **Trustees' Report for the year ended 30th June 2024** ## **Address** c/o A.C. Warneken Gold Riga House Humber Road North Ferriby HU14 3DW ## **Trusts** Established under a declaration of trust dated 15th July 1992. The object of the charity is the promotion of osteoporosis research in East Yorkshire. Registered Charity No 1013289. ## **Trustees** Original date of Appointment Dr.S.A.Steel (President - appointed 13[th] October 2004) 15[th] July 1992 S.Howey (Treasurer - appointed 21[st] October 2002) 15[th] July 1992 S.English (Secretary - appointed 2[nd] October 2005) 19[th] October 2003 A.C. Warneken Gold (Chairman - appointed 19[th] October 2003) 21[st] October 1995 M.J.Clarke 15[th] July 1992 V.Chetham 21[st] October 2002 C.J.English 28[th] October 2010 D. Chetham-Sutton 17[th] November 2011 W.Waddington 17[th] November 2011 C.M.Wood 1[st] April 2013 D. Haire 1[st] December 2015 M.Osgerby 15[th] November 2022 Trustees are appointed by resolution of the existing trustee body. ## **Patrons** Sir Alan Ayckbourn Dr. Olivia Mitchell Lady Pauline Prescott of Kingston upon Hull Baroness Royale of Blaisdon ## **Principal Advisors** Sadofskys Williamsons Nat West Bank plc Chartered Accountants Solicitors 238 Hessle Road Princes House Lowgate Hull Wright Street Hull HU3 3YY Hull HU1 1EN HU2 8HX 2 **OSPREY** ## **(Osteoporosis Research in East Yorkshire)** ## **Trustees' Report (Continued)** In August 2023 OSPREY reached its 32nd year of charitable fundraising in Hull and East Yorkshire. In the year July 2023 to June 2024 we organised 10 events including: 1 Royal Protection Lunch, 2 Literary Lunches, 2 Fashion Show Days, 2 Christmas Party events and rounding off in April 2024, with an Antiques Valuation Day with local auctioneer and valuer, Caroline Hawley of BBC fame! Each of these events was, as ever, well attended and once again we raised significant funds. (£19,903) Thank you to all the trustees for their continued support of all of these events. A special thank you must go to my fellow officers Syd Howey and Sheila English. Syd, in spite of poor health continued, as treasurer, to balance our finances. Thank you. Sheila, our secretary continued expediting the minutes of our 'wordy' meetings and writing endless emails, thank you letters and letters organising details of events. Thank you Sheila. Thanks to Vanessa Chetham for her continued generosity, sourcing a donating beautiful raffle prizes. Thank you, Vanessa. Thanks too to Debbie Sutton,our star ticket seller. We couldn't do it without you! Thank you Debbie. Final thanks to Paul Drant who generously gives his time and expertise to ensure we comply with the demands of The Charity Commission. Thank you all, I am very grateful. It is the policy of the charity to maintain unrestricted funds, the free reserves of the charity, at a level which equates to approximately six months unrestricted expenditure. The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the preventions and discretion of fraud and other irregularities. **A.C Warneken Gold Chairman** **24th February, 2025** 3 ## **OSPREY** ## **(Osteoporosis Research in East Yorkshire)** ## **Report of the President** I welcome the report that the Centre for Metabolic Disease in Hull is one of 10 accredited regional hubs in the UK for metabolic bone disease and that they are developing a regional multidisciplinary team with Leeds and Sheffield. I also note the increased research activity and publications. I hope that the department will soon have the appropriate number of technicians to meet the increasing demand on the service. I also note the good news that the Fracture Liaison Service now covers the East Riding of Yorkshire and not just Hull which was a sad omission. The continuing relationship with the University of Hull is welcomed. Interesting to note that they have acquired a DXA scanner for themselves to support their research work. I look forward to the outcome of their research on bone loading to increase bone density. So, thank you to all concerned in maintaining the high profile of prevention, diagnosis and treatment of osteoporosis in Hull and the East Riding. **Dr Susan Ann Steel** President of OSPREY 4 ## **OSPREY** ## **(Osteoporosis Research in East Yorkshire)** ## **Scientific Reports** The following were presented to the trustees at the AGM:- A detailed update report from The University Of Hull by Professor Natalie Vanicek A detailed report from The Centre for Metabolic Bone Disease, Hull University Teaching Hospitals by Maxine Osgerby, Dr.Mo Aye and Professor Thozhukat Sathyapalan 5 ## **OSPREY** ## **(Osteoporosis Research in East Yorkshire)** ## **Receipts and Payments Accounts** ## **for the year ended 30th June 2024** **----- Start of picture text -----**
Notes Unrestricted Unrestricted
Receipts 2024 2023
**----- End of picture text -----**
||Donations
8,380 6,800
Operating activities to generate funds
**4**
23,149
19,170
Investment income
1,464
552
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**Total receipts**
£
32,993
£
26,522
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═════════
**Payments**
Sundry costs 672 387
Donation to HU NHS Trust - -
Scholarship and research projects - -
Payments for generating funds
12,418 12,120
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─────────
**Total payments**
£
13,090
£
12,507
═════════
═════════

**Net payments/receipts**
19,903 14,015
**Unrealised gains / (losses)**
**on investment assets**
**3**315 261
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**Net movement in funds**
£ 20,218 £ 14,276
═════════
═════════
**Fund balances brought forward**
£ 109,338
£
95,062
═════════
═════════
**Fund balances carried forward**
£ 129,556 £ 109,338
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═════════| |---|---| 6 ## **OSPREY** **----- Start of picture text -----**
Statement of Assets and Liabilities
as at 30th June 2024
Notes 2024 2023
Fixed Assets
Investments 3 2,889 2,574
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Current Assets
Cash at Bank and in Hand 126,667 106,764
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─────── ───────
Total assets £ 129,556 £ 109,338
═══════ ═══════
Unrestricted income funds 129,556 109,338
─────── ───────
Total funds £ 129,556 £ 109,338
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**----- End of picture text -----**
Approved by the Board of Trustees on 24[th] February 2025 and signed on its behalf by:- ## **A.C.Warneken Gold** ## **Chairman** 7 **OSPREY** ## **Notes to the Accounts** ## **1** ## **Accounting Policies** - a) Voluntary income is accounted for as it is received. - b) Expenditure is provided as it arises. - c) Investments are stated at market value. - **2** No remuneration has been paid to Trustees. **3** ## **Investment Assets** **----- Start of picture text -----**
|||| |---|---|---| |Analysis of change in investments during the year:|£| |Market value at beginning of year|2,574| |Add: net gain/(loss) on revaluation 315| |───────| |Market value at end of year|£|2,889| |═══════| **----- End of picture text -----**
## **Market value at year end Income from investments** **----- Start of picture text -----**
||||| |---|---|---|---| |2024|2023|2024|2023| |£|£|£|£| |Investments listed on a| |recognised stock exchange 2,889 2,574 1,464 552| |═════|═════|═════ ═════| **----- End of picture text -----**
## **4 Operating Activities for Generating Funds** **----- Start of picture text -----**
|||| |---|---|---| |2024|2023| |£|£| |Function receipts|23,149|19,170| |───────────| |23,149 19,170| |======= ======| **----- End of picture text -----**
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