Charity registration number 1023507
OSTEOPOROSIS DORSET FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE
OSTEOPOROSIS DORSET
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs C Jones Dr C Davies Dr A Wheldon Dr F Rahmeh
(Appointed 26 January 2023)
Charity number 1023507 Principal address 11 Shelley Road Bournemouth Dorset BH1 4JQ
Independent examiner
Harrisons Chartered Accountants 4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE
OSTEOPOROSIS DORSET
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 11 |
OSTEOPOROSIS DORSET
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2023
The trustees present their annual report and financial statements for the year ended 31 March 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
Objectives and activities
Objectives and aims
Osteoporosis, falls and fractures are inextricably linked. They result in serious consequences for older people, carers and services. The objects of the charity are to reduce the incidence of osteoporotic fracture in Dorset by applying evidence based interventions to specific high risk groups. This will enable the NHS to release resources for re-investment by reducing the number of emergency admissions due to a fall.
The Trustees have given due regard to public benefit when planning the charity's activities, in accordance with Section G3 of the Charity Commission's General Guidance on Public Benefit (January 2008).
Grant making policy
The charity does not make grants.
Achievements and performance
Charitable activities
Since March 2022, the Charity has organised quarterly Webinar meetings for patients with osteoporosis where questions can be put to local specialists.
On the 12th and 13th December 2022, the Charity held a 2 day conference at the Royal Bournemouth Hospital. Internationally regarded speakers and NHS workers from across the UK attended this free event. It provided them with an unrivalled opportunity, to increase their knowledge, ask questions from key experts and network with a large multidisciplinary audience.
Financial review
The Charity made a deficit for the year of £19,219 (2022 - £34,554).
Reserves policy
It is the policy of the charity to maintain unrestricted funds which provide sufficient funds to cover management, administration and support costs.
The unrestricted reserves at the end of the year total £393,833 (2022 - £413,052).
Prinicipal funding sources
The charity receives some funding from the NHS. There are no restrictions on the charity's power to invest.
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OSTEOPOROSIS DORSET
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Structure, governance and management
Governing document
The charity is controlled by its governing document; a deed of trust dated 7 June 1993, and constitutes an unincorporated charity.
The trustees
The trustees who served during the year and up to the date of signature of the financial statements were: Mrs C Jones
Dr C Davies Mrs T Rowett (Resigned 1 April 2022) Dr A Wheldon Dr F Rahmeh (Appointed 26 January 2023)
Recruitment and appointment of new Trustees
New Trustees are recruited and appointed at the discretion of the existing Trustees.
Organisation
The Trustees meet quarterly to review research and general matters. The Trustees meet more regularly if required. The charity's strategy was formulated by its Honorary Scientific Committee which consists of local consultant physicians, GPs, dieticians, nurses etc. with a clinical academic interest in osteoporosis.
Induction and training of new Trustees
Upon appointment new Trustees are provided with an induction pack which contains the Memorandum and Articles of Association, copies of the past three year's financial statements and a copy of the Charity commission's guide on Trustees responsibilities.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees' report was approved by the Board of Trustees.
Mrs C Jones
Trustee Dated: 30 January 2024
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OSTEOPOROSIS DORSET
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OSTEOPOROSIS DORSET
I report to the trustees on my examination of the financial statements of Osteoporosis Dorset (the charity) for the year ended 31 March 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Harrisons Chartered Accountants
4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE
Dated: 30 January 2024
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OSTEOPOROSIS DORSET
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2023 | 2022 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 72,648 | 45,376 |
| Investments | 4 | 5,178 | 2,904 |
| Total income | 77,826 | 48,280 | |
| Charitable activities | 5 | 97,045 | 82,834 |
| Net expenditure and movement in funds | (19,219) | (34,554) | |
| Reconciliation of funds: | |||
| Fund balances at 1 April 2022 | 413,052 | 447,606 | |
| Fund balances at 31 March 2023 | 393,833 | 413,052 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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OSTEOPOROSIS DORSET
BALANCE SHEET
AS AT 31 MARCH 2023
| Notes Fixed assets Tangible assets 10 Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities The funds of the charity Unrestricted funds |
2023 £ 13,607 413,119 426,726 33,544 |
£ 651 393,182 393,833 393,833 393,833 |
2022 £ 1,233 443,000 444,233 31,414 |
£ 233 412,819 |
|---|---|---|---|---|
| 413,052 | ||||
| 413,052 | ||||
| 413,052 |
The financial statements were approved by the trustees on 30 January 2024
Mrs C Jones Trustee
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OSTEOPOROSIS DORSET
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1 Accounting policies
Charity information
Osteoporosis Dorset is a charity is controlled by its governing document; a deed of trust dated 7 June 1993, and constitutes an unincorporated charity.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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OSTEOPOROSIS DORSET
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers and equipment 3 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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OSTEOPOROSIS DORSET
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
3 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2023 | 2022 | |
| £ | £ | |
| Donations and gifts | - | 728 |
| Legacies received | 28,000 | - |
| Donated goods and services | 44,648 | 44,648 |
| 72,648 | 45,376 |
4 Income from investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2023 | 2022 | |
| £ | £ | |
| Interest receivable | 5,178 | 2,904 |
5 Expenditure on charitable activities
| Charitable | Charitable | |
|---|---|---|
| Expenditure | Expenditure | |
| 2023 | 2022 | |
| £ | £ | |
| Direct costs | ||
| Share of support and governance costs (see note 6) | ||
| Support | 96,157 | 81,731 |
| Governance | 888 | 1,103 |
| 97,045 | 82,834 | |
| Analysis by fund | ||
| Unrestricted funds | 97,045 | 82,834 |
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OSTEOPOROSIS DORSET
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
| 6 Support costs Support costs Governance costs £ £ General charitable activity costs 96,157 - Legal and professional - 888 96,157 888 Analysed between Charitable activities 96,157 888 |
2023 Support costs Governance costs £ £ £ 96,157 81,731 - 888 - 1,103 97,045 81,731 1,103 97,045 81,731 1,103 |
2022 £ 81,731 1,103 |
|---|---|---|
| 82,834 | ||
| 82,834 |
Governance costs includes payments of of £888 (2022- £1,103) for independent examination fees.
7 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
8 Employees
The average monthly number of employees during the year was:
| 2023 | 2022 | |
|---|---|---|
| Number | Number | |
| 1 | 1 | |
| Employment costs | 2023 | 2022 |
| £ | £ | |
| Wages and salaries | 80,601 | 75,882 |
1 employee received employee benefits of more than £60,000 during the year (2022: 1).
9 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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OSTEOPOROSIS DORSET
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
| 10 Tangible fixed assets Cost At 1 April 2022 Additions At 31 March 2023 Depreciation and impairment At 1 April 2022 Depreciation charged in the year At 31 March 2023 Carrying amount At 31 March 2023 At 31 March 2022 11 Debtors Amounts falling due within one year: Other debtors 12 Creditors: amounts falling due within one year Accruals and deferred income |
Computers and equipment £ 13,542 802 14,344 13,309 384 13,693 651 233 2023 2022 £ £ 13,607 1,233 2023 2022 £ £ 33,544 31,414 |
Computers and equipment £ 13,542 802 14,344 13,309 384 13,693 651 233 2023 2022 £ £ 13,607 1,233 2023 2022 £ £ 33,544 31,414 |
|---|---|---|
| 14,344 | ||
| 13,309 384 |
||
| 13,693 | ||
| 651 | ||
| 233 | ||
| 2022 £ 1,233 |
||
| 2022 £ 31,414 |
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OSTEOPOROSIS DORSET
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
13 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 April | Incoming | Resources | At 31 March | |
|---|---|---|---|---|
| 2022 | resources | expended | 2023 | |
| £ | £ | £ | £ | |
| General funds | 413,052 | 77,826 | (97,045) | 393,833 |
| Previous year: | At 1 April | Incoming | Resources | At 31 March |
| 2021 | resources | expended | 2022 | |
| £ | £ | £ | £ | |
| General funds | 447,606 | 48,280 | (82,834) | 413,052 |
14 Related party transactions
There were no disclosable related party transactions during the year (2022 - none).
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