REGISTERED CHARITY NUMBER: 1027003 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR STROKE CARE FOR NEWBURY AND WEST BERKSHIRE Banks & Co Limited Chartered Certified Accountants I Carnegie Road Newbury Berkshire RG14 5DJ
STROKE CARE FOR NEWBURY AND WEST BERKSHIRE CONTENTS OF THE FINANCIAL STATEMENTS For The Year Ended 31 December 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activltles Balance Sheet Notes to the Flnancial Statements 7 to 12
STROKE CARE FOR NEWBURY AND WEST BERKSHIRE REPORT OF THE TRUSTEES For The Year Ended 31 December 2024 The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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) (effettive I January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims Suffering a stroke, or seeing the changes it brings to someone, can dramatically transform lives. The trauma can leave people feeling isolated, confused and even angry with a sense of uncertainty about the future. The effects of a stroke may be temporary or last for several years, The road to recovery may be different for everyone but will require determination and support. Stroke Care for Newbury and West Berkshire was formed to provide this support to stroke survivors, their families and carers. Significant activitles Our Stroke Support is focused on maximising recovery of stroke survivors. We offer a one day per week safe environment in which we provide., An initial review of need in which goals for recovery are set. A physiotherapy programme according to those needs and goals. Cog nitive exercises. Friendship and support. Confidence building Social i nteraction, Recreation. Refreshment Stroke Support meet at Woolhampton Village Hall where the venue operates on a once weekly basis with a few exceptions in the year, a two week break is taken at Christmas. Periodically, we have special events and outdoor visits such as garden centre lunches. Publlc benefit The Trustees are aware of the Charity Commission's guidance on public benefit and have taken it into account when making decisions to which the guidance is relevant. Volunteers The support provided by our charity comes primarily from our volunteers. At present we have 3 permanent, part-time employees and a total of 10 volunteers who assist with the day to day operations of the charity, organising and running support group5, ACHIEVEMENTS AND PERFORMANCE Charitable activities Our charity operates to aS515t the rehabilitation of stroke survivors within Newbury and West Berkshire. The services provided to the public are funded through grants, membership fees and donations received from the local community and local government.The need for our charity is donations received from the local community and local government. The need for our charity is refiected by the numbers of new members being referred. Page I
STROKE CARE FOR NEWBURY AND WEST BERKSHIRE REPORT OF THE TRUSTEES For The Year Ended 31 December 2024 ACHIEVEMENTS AND PERFORMANCE Fundraising activities This year we have had two very successful fundraising / donation activities. The first being the Welford Snowdrops, the second being a Charity Golf Day of which we were the beneficiaries, both of which made a significant difference to our income. We have also successfully continued recruiting new volunteer5. Our reserves are sufficient at present however this is continually reviewed and any opportunities arising will continue to be taken. FINANCIAL REVIEW Financial position Since the Charity was registered in 1993 It has continued to increase its available reserves until 2021 however, since then, primarily due to the withdrawing of funding from the NHS, we operate on an annual Ios5. This loss is well within our current savings level, but we are acutely aware it Is not a desirable position. During the year ended 31 December 2024, the charity reported net income of £(7,656.16), (2023: £14,158.01). The annual net 1055 was less in 2024 primarily due to the two fundraising activities. The annual expenses of the charity again increased in 2024 with the general cost of living rises seen everywhere plus we made a one-off purchase of equipment to improve the service provided to the members, In order to address the ongoing shortfall, we actively seek out appropriate new members for Woolhampton and continually search for other, smaller grants and fund-raising opportunities to boost our income. We also made the decision to increase the members fees for the first time since 2019 reflecting the increases in costs generally. Principal funding sources The principal source of our funding come5 from grants from our service agreement with the local council. In December 2023 we successfully tendered for the Grant from West Berkshire Council to provide a 'Stroke Care Fieablement and Prevention Service, and a further 3-year agreement is now in place. This income is supplemented by members, fees, donations and fundraislng which were all gratefully received. Reserves policy All reseNes retained by the charity are considered to be unrestricted. However, the board of Trustees hold two designated funds. The first is a transportation fund created following the receipt of a substantial donation in 2015. This fu nd is used to fund all transport costs. The second is a contingency fund created to ensure the charity can continue regardless of the level of income received. Going concern The Trustees aim to ensure sufficient reserves are retained to cover 12 months of the Charity's expenditure. To ensure this is achieved the amount is in a separate fund and 15 reviewed on an ongoing basi5, FUTURE PLANS The Trustees are determined that the charity will contlnue to assist the rehabi litation of stroke survivors, their families and carers for many years to come. The high levels of continued support from our volunteers, members and the local community will assist us to achieve our objettives, STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Recruitment and appointment of new trustees The charity is always seeking to appoint new trustees as may be appropriate to ensure good governance. Page 2
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STROKE CARE FOR NEWBURY AND WEST BERKSHIRE Independent examiner's report to the trustees of Stroke Care for Newbury and West Berkshire I report to the charity trustees on my examination of the accounts of Stroke Care for Newbury and West Berkshire (the Trust) for the year ended 31 December 2024. Responsibillties and basss of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act, Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in re5pett of the Trust as required by Section 130 of the Act. or the accounts do not accord with those records. or the accounts 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 accounts to be reached, Richard Mark Lodge Taylor FCCA The Association of Chartered Certified Accountants Banks & Co Limited Chartered Certified Accountants I Carnegie Road Newbury Berkshire RG14 5DJ Date: Page 4
STROKE CARE FOR NEWBURY AND WEST BERKSHIRE STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 December 2024 2024 Unrestricted funds 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 45,043 44,569 other fundraising activities Investment income 13,549 6,924 2,249 3,684 Total 65,516 50,502 EXPENDITURE ON Charitable activities Club Famlly support 50,313 20,876 42,187 19,309 Other 1,596 2,593 Total 72,785 64,089 NET INCOME/(EXPENDITURE) (7,269) (13,587) RECONCILIATION OF FUNDS Total funds brought forward 172,033 185,620 TOTAL FUNDS CARRIED FORWARD 164,764 172,033 The notes form part of these financial statements Page 5
STROKE ¢AFiE FOR NEW&URY AND WEST BERK5HIBE BALANCE 5HEFr 31 D¢¢on)er 2024 CURRF_NT ASSErs IfiS,692 CREDITORS (1,013) NEf CURRENY ASSErs IrJ4,?64 1 72,033 TOTAL ASSEfs Less CURREKr LTABILITZES 172,(i33 If,4,7r)4 172,0.!.3 NET ASSETS 1¥>4,764 FUNDS l64.7ts4 l->?.1}33 TOTAL FUNDS .1ts4,764 1'7£,0?3 t - TriJ'"L .4 IINtm parL Ot Yli_
STROKE CARE FOR NEWBURY AND WEST BERKSHIRE NOTES TO THE FINANCIAL STATEMENTS For The Year Ended 31 December 2024 ACCOUNTING POLICIES Basis of preparing the fjnancial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 I lanuary 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial Statements have been prepared under the historical cost convention. Overall risk to operations Following the year end, there have been no substantial developments that would affect the charity's ability to operate effectively. The Charity has therefore determined that there are no post balance sheet events and accordinglyi the financial position as at, and results of the operations for, the year ended 31 December 2024 have not been adjusted to reflect thelr impact. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure a5 soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be sjsed in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Designated funds can be set aside by trustees for an essential spend or future purpose. The charity currently operates two designated fund5, one for the transport of its beneficiaries and another as a contingency to cover the charity's key costs. Page 7 continued..
STROKE CARE FOR NEWBURY AND WEST BERKSHIRE NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2024 OTHER FUNDRAISING ACTIVITIES 2024 2023 Club activities and other fundraising events Donations 198 13,351 io 2,239 13,549 2,249 INVESTMENT INCOME 2024 2023 Deposit account interest 6,924 3,684 SUPPORT COSTS Management Other resources expended 1,596 Support costs, included in the above, are as follows: Management 2024 Other resources expended 2023 Total activities Insurance Sundries Management Costs 285 432 879 1,070 436 871 1,596 2,377 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. There were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022 Trustees. expenses There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. There were no tru5tees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022 Page 8 continued...
STROKE CARE FOR NEWBURY AND WEST BERKSHIRE NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2024 STAFF COSTS The average monthly number of employees during the year was as follows: 2024 2023 Permanent part-time employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds INCOME AND ENDOWMENTS FROM Donations and legacies 44,569 Other fu ndraising activities Investment income 2,249 3,684 Total 50,502 EXPENDITURE ON Charitable activities Club Family 5UPPOrt 42,187 19,309 other 2,593 Total 64,089 NET INCOME/(EXPENDITURE) {13,587) RECONCILIATION OF FUNDS Total funds brought forward 185,620 TOTAL FUNDS CARRIED FORWARD 172,033 Page 9 continued...
STROKE CARE FOR NEWBURY AND WEST BERKSHIRE NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2024 INDEPENDENT EXAMINERS. REMUNERATION 2024 2023 Independent examiners, remuneration Independent examiners, remuneration - Non Independent examination 225 225 212 212 450 424 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors Accruals and deferred income 478 450 641 432 928 1,073 10. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.12.24 At 1.1.24 Unrestricted funds General fund Designated tran5POrt Contlngency reserve 68,140 62,393 41,500 (2,407) (4,862) (9,775) 9,775 55,958 67,306 41,500 172,033 (7,269) 164,764 TOTAL FUNDS 172,033 (7,269) 164,764 Net movement in funds, included in the above are as follow5: Incoming resources Resources expended Movement in funds Unrestricted funds General fund Designated transport 65,516 (67,923) (4,862) (2,407) (4,862) 65,516 (72,785) (7,269) TOTAL FUNDS 65,516 (72,785) (7,269) Page 10 continued...
STROKE CARE FOR NEWBURY AND WEST BERKSHIRE NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2024 io. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds Transfers between funds At 31.12.23 At 1.1.23 Unrestricted funds General fund Designated transport Contingency reserve 70,770 73,350 41,500 (9,494) (4,093) 6,864 (6,864) 68,140 62,393 41,500 185,620 (13,587) 172,033 TOTAL FUNDS 185,620 (13,587) 172,033 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund Design8ted transport 50,502 (59,996) (4,093) (9,494) (4,093) 50,502 (64,089) (13,587) TOTAL FUNDS 50,502 (64,089) (13,587) A current year 12 months and prior year 12 months comblned position is as follows: Net movement in funds Transfers between funds At 31.12.24 At 1.1.23 Unrestricted funds General fund Designated transport Contingency reserve 70,770 73,350 41,500 (11,901) (8,955) (2,911) 2,911 55,958 67,306 41,500 185,620 (20,856) 164,764 TOTAL FUNDS 185,620 (20,856) 164,764 Page 11 continued...
STROKE CARE FOR NEWBURY AND WEST BERKSHIRE NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2024 io. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund Designated transport 116,018 (127,919) (8,955) (11,901) (8,955) 116,018 (136,874) (20,856} TOTAL FUNDS 116,018 (136,874) (20,856) 11. RELATED PARTY DISCLOSURES There were no related party transartions for the year ended 31 December 2024. Page 12