**REGISTERED COMPANY NUMBER: 03007662 (England and Wales) REGISTERED CHARITY NUMBER: 1043657** 

## **REPORT OF THE TRUSTEES AND** 

**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **FOR** 

**OSTEOPOROSIS 2000** 

Hodgson & Oldfield 20 Paradise Square Sheffield S1 2DE 



**OSTEOPOROSIS 2000** 

## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021** 

||**Page**|
|---|---|
|**Report of the Trustees**|1 to 8|
|**Independent Examiner's Report**|9|
|**Statement of Financial Activities**|10|
|**Balance Sheet**|11 to 12|
|**Notes to the Financial Statements**|13 to 22|





## **OSTEOPOROSIS 2000 (REGISTERED NUMBER: 03007662)** 

## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2021** 

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. 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) (effective 1 January 2019). 

## **OBJECTIVES AND ACTIVITIES** 

## Purposes and aims 

The company is a charity, based in Sheffield. Its objectives are:- 

- For the public benefit, to advance education on all matters relating to osteoporosis and in particular by promoting an awareness and understanding of the condition. 

-To relieve sufferers of osteoporosis and to provide respite care for the carers of sufferers. 

## Ensuring our work delivers our aims 

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. 

Page 1 



## **OSTEOPOROSIS 2000 (REGISTERED NUMBER: 03007662)** 

## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2021** 

## **ACHIEVEMENT AND PERFORMANCE** 

In planning the charity's activities for the year the Board of Management have complied with the Charity Commission's guidance on public benefit. The charity's activities are open to all members of the public and have been developed to be meet identified needs so that they are of benefit to all who use them. 

## Advice, Information and Training 

The Drop in Centre and telephone helpline provides the opportunity for members of the community to call in for help and advice.  We offer a friendly sympathetic listening ear and support in a relaxed environment. We receive a varied range of enquires ranging from those newly diagnosed to sufferers who need more long term support. 

Patients who are about to visit the Metabolic Unit for the first time find it reassuring to speak to someone about what to expect during their appointment. Other callers may have just started treatment and need confidence about taking their medication. The first three months of treatment is the time when help and encouragement is most valuable. Lack of adherence to osteoporosis medication is a big problem and, unfortunately, up to half of people stop their osteoporosis treatment after only one year. We try to encourage patients to persevere and if problems do arise to seek medical advice rather than stopping treatment. Prevention advice on how to look after bone health is also requested. Although genetic factors largely determine the size and density of our bones, lifestyle factors such as good nutrition, regular exercise, avoiding smoking and alcohol intake also play a key role. A comprehensive range of information literature is always available. 

Our younger visitors are fascinated by our resident skeleton and are delighted to learn about their bones. The colouring sheet they take home helps to remind them of their visit. 

## Membership 

Membership is open to all members of the public. The charity newsletter, which is provided as part of membership helps those unable to visit the Drop in Centre keep up to date with the charity's activities and current medical information. 

## Fracture Risk Assessment tool (FRAX) 

FRAX risk assessments are carried out at the Centre. This involves answering around twelve questions relating to possible risk factors. The information is then entered into an online algorithm and a FRAX score is calculated. This provides a 10-year risk percentage of a major osteoporotic fracture (clinical spine, forearm, hip or shoulder fracture and a 10-year risk percentage of a hip fracture. 

The score is plotted on a graph that suggests whether treatment may be needed or lifestyle changes need to be made.  A report is provided for informational purposes. 

## Outreach 

Representatives from the charity have attended a number of community health events. Working in the community helps to increase public awareness and understanding about osteoporosis and also about the charity's services. Volunteers are able to give information and advice about how to look after bones and also to share their own experiences about managing this disease. These events also provide the opportunity to network with other groups and collect relevant information to add to the resources at the Centre. 

## Exercise Classes 

Page 2 



## **OSTEOPOROSIS 2000 (REGISTERED NUMBER: 03007662)** 

## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2021** 

The Osteoporosis 2000 exercise classes are a large part of the charity's support services. The classes are  well attended by both men and women. Exercise simulates bone turnover, strengthens muscles, increases flexibility, improves coordination and balance. Currently the charity provides seven classes throughout Sheffield including three Falls prevention classes. The general classes provide a variety of exercise routines delivered by a qualified instructor. Participants are encouraged to work at their own pace and alternative exercises can be given so that everyone is able to take part. The Falls classes offer a more specific type of exercise which follows the OTAGO programme. This programme is designed to prevent falls and improve balance, strength and confidence. 

Information about the classes is circulated to the community physiotherapist team, staff at the falls clinic and other local health workers so that they can refer patients to them. In addition to the physical benefits the classes also encourage social interaction and friendship. 

## Website 

The charity has its own website www.osteoporosis2000.org. The website is a helpful source of information for those who search for osteoporosis support via the internet. 

## Chiropody 

The chiropody service is very popular and well attended by members. Maintaining healthy feet is important for stability and mobility and care should be taken on a regular basis to look after them. Those who attend the chiropody service receive a full half hour treatment in which any foot problems can be identified. Foot deformities, infections and injuries limit mobility and can have a detrimental affect on knees, hips, and other parts of the body. Chiropody can help with these problems and can benefit so many people. Foot health problems, such as pain or deformity, will often lead to an older person avoiding activity. The avoidance of physical activity and exercise over the long term causes a reduction in strength and balance, which in turn leads to an increased risk of falls. There has been a growing body of research behind feet and footwear risk factors, interventions for those with foot pain and an emerging consensus on best practice. Appointments are available every second Tuesday of each month. 

## Covid 

The year 2020 has been a very strange year for Osteoporosis 2000 and one that most people will never forget. The impact of the Covid 19 pandemic has been felt in every walk of life and charities have been no different. In March 2020 Osteoporosis 2000 had to temporally close its doors in line with Government Guidelines. During this time the Government furlough scheme provided financial help towards staff salaries and a successful bid to Sheffield City Council secured funds to help with rent. Whilst the nearly new sales have not been operational some of our volunteers have continued to raise funds in whatever way they could. Our Patron the Duchess of Devonshire kindly supported  a project undertaken by one of our volunteers. 

The trustees have kept a close eye on the charity's investment which has been affected by the fluctuating markets. There were some uncertain times but the value has now significantly improved. 

Our Centre remained closed for quite some time but once some of the restrictions were lifted we started to plan and prepare our premises to make them as safe as possible for opening to visitors . With limited space this has meant that the number of people allowed in the Centre has at times been restricted so that social distancing could be followed for everyone's safety. Extra cleaning has been carried out and sanitising facilities are in place. 

During our closed period we were unable to process membership renewals. Those that were due, we renewed automatically. We were very grateful to members for their continued support and understanding during this difficult time and really appreciated the donations we received. 

During the month of August 2020 a few of our volunteers came into the office one day a week to help deal with essential admin work. At all times Covid safety was a priority, with no public access allowed to our Drop In Centre. 

Page 3 



## **OSTEOPOROSIS 2000 (REGISTERED NUMBER: 03007662)** 

## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2021** 

Our regular exercise classes are an important part of the work of Osteoporosis 2000 . We have run classes to improve and maintain bone strength for many years, and in the last three years we have established three Falls Prevention classes. Both types of classes are available to members and non members and take place in a number of different venues/community halls in Sheffield. These have been badly affected by Covid restrictions. Venues where some of our classes were held have been closed. It has required a great deal work to find new and suitable venues, undertake Covid Risk Assessments to ensure Covid safety regulations are met, and to allow participants to return with confidence. This has meant there are changes to some of the venues and times and days when the classes are held. 

The opening of all our services has been a gradual process because of the changing restrictions and all the new safety measures that have had to be put in place to make sure everyone is safe. 

Our Drop in Centre, Nearly New fundraising activities and exercise classes are gradually opening but we need to continue to take precautions to ensure the safety of us all. As we move forward we are able to reflect on the challenges we have faced and how the loyalty of our volunteers, members and local community have helped us to open our Centre and support services again. 

We look forward to opening our doors and welcoming back our visitors, patients and donors. 

## **FINANCIAL REVIEW** 

## **Principal funding sources** 

The principal funding sources for the charity are raised through membership, donations, local businesses, charitable trusts and fundraising events including an Annual Dinner and the London Marathon. Regular Nearly New sales have also been introduced by a group of our volunteers. 

## **Investment policy and objectives** 

Capital not required for short term use has been invested in a portfolio administered by Investec. The initial investment was made in November 2010 and a further investment in February 2014 and is included in the accounts at market value. It has generated £4,826 of dividend income and £907 from investment sales during the year ended 31 March 2021. There has been an increase in the market value of the investments at 31 March 2021 of £39,547. The trustees are continually monitoring the investments to ensure the best return for the charity. 

## **Reserves policy** 

The Management Committee has established a policy whereby the unrestricted funds held by the charity should aim to be equivalent to six months of the resources expended, equating to approximately £22,000. At this level the Management Committee feel that they would be able to continue the current activities of the charity in the event of a drop in funding. At present the free reserves don't quite reach this target level but will continue to be monitored by the Management Committee. 

## **Finances** 

The surplus for the year was £32,361 (2020: £30,822 deficit). The surplus includes an increase in the market value of the investments of £39,547 (2020: loss of £20,331). The Management Committee are working hard to ensure that future incoming resources will more than meet future expenditure. The free reserves amounted to £19,635 (net of fixed assets) at 31 March 2021. The balance on restricted funds at 31 March 2021 was £120  (2020: £120) and £218,609 on unrestricted funds (2020: £186,128). 

Page 4 



**OSTEOPOROSIS 2000 (REGISTERED NUMBER: 03007662)** 

## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2021** 

## **FUTURE PLANS** 

Osteoporosis 2000 will work to further enhance the charity's existing services and also to develop new projects to support a wider spectrum within the local population of Sheffield and surrounding districts. 

Briefly, these include: 

a) Expand the provision of suitable exercise classes including falls prevention programmes. 

b) Greater interaction with support groups for other diseases (e.g. epilepsy, inflammatory bowel disease, asthma, inflammatory arthritis, HIV/Aids, breast cancer) which can be associated with increased risks of osteoporosis. 

c) More interaction with GPs and Practice Nurses to examine issues related to poor long-term adherence to treatments used for osteoporosis. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** 

The charity is a company limited by guarantee. It incorporated on 9 January 1995 and registered as a charity in January 1995. 

The company was established under the Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. Every member of the company undertakes to contribute such amounts as may be required (not exceeding £1) to the company's assets if it should be wound up while s/he is a member or within one year after s/he ceases to be a member, for payment of the company's debts and liabilities contracted before s/he ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves. 

## **Recruitment and appointment of new trustees** 

The directors of the company are also the charity trustees for the purpose of charity law and under the company's Articles are known as members of the Management Committee. 

Under the requirements of the Memorandum and Articles of association the members of the Management Committee are elected at the AGM to serve a term of office of either 3 or 4 years depending on position, subject to ratification at each AGM. At the Annual General Meeting at which s/he should retire Members of the Management Committee are eligible for re-election for a further term. 

The Management Committee are recruited and selected from varied backgrounds to achieve a broad mix of skills. Members of the Committee with osteoporosis provide valuable information about the condition ensuring that patients are represented on the Committee. Members with medical, business and financial skills also form part of the Management Committee. 

Page 5 



## **OSTEOPOROSIS 2000 (REGISTERED NUMBER: 03007662)** 

## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2021** 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Organisational structure** 

The Management Committee of Osteoporosis 2000 should consist of at least 7 members who meet at regular intervals (usually two-monthly) during the year. Further members are currently being recruited to ensure the minimum number of members is met. The Management Committee is comprised of professional members, patients and others. There are two sub committees with some members drawn from within the Management Committee but also with input from other charity members; the Patients Sub Committee addresses the needs and services provided by the charity and the Fundraising Sub Committee overseas the planning and execution of major fund-raising events throughout the year. These sub committees meet as necessary and report back to the Main Committee. 

The company secretary attends all Management Committee meetings but has no voting rights. 

The Centre Manager Natalie Shillito, has responsibility for the day to day running of the Drop in Centre and the provision of services. Supervision of the Centre Manager is undertaken by the Chair/Vice Chair of the Management Committee. 

## **Volunteers** 

Once again this year a huge contribution has been made by our volunteers especially with organising the nearly new sales. We are extremely grateful for the many hours volunteers have given to carry out the charity's work. Their time, advice, knowledge and expertise is invaluable. Without their continued help the charity would not have been able to achieve so much. We would also like to acknowledge the support given to the charity by members of the local community. We look forward to working together to develop our future plans. 

## **Induction and training of new trustees** 

The trustees have volunteered because of their knowledge of and involvement with the work of the charity. They are provided with training in the requirements and responsibilities of trustees, including materials published by the Charity Commission. 

## **Related parties** 

There are no related parties to disclose. 

## **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 Management Committee has conducted its own risk review of the major risks to which the charity is exposed, including risks to external funding, and systems have been established to mitigate those risks. Internal risks are minimised by the implementation of procedures for the authorisation of all transactions and projects to ensure consistent quality of delivery for all operational aspects of the charitable company. These procedures are constantly reviewed to ensure that they still meet the needs of the charity. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

## **Registered Company number** 

03007662 (England and Wales) 

## **Registered Charity number** 

1043657 

Page 6 



## **OSTEOPOROSIS 2000 (REGISTERED NUMBER: 03007662)** 

## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2021** 

## **Registered office** 

Unit 10, Learoyd Way Hillsborough Barracks Shopping Centre Sheffield South Yorkshire S6 2LR 

## **Trustees** 

Dr E McCloskey Chair A White Vice Chair R Ward Treasurer T Nunn Miss J Magee R Law J Salisbury Mrs C M Cudby (resigned 1.4.21) 

## **Company Secretary** 

N Shillito 

## **Independent Examiner** 

S C Fields Hodgson & Oldfield 20 Paradise Square Sheffield S1 2DE 

## **Solicitors** 

Taylor & Emmet, 20 Arundel Gate, Sheffield, S21 2PP 

## **Bankers** 

HSBC plc, P O Box 50, 17 Church Street, Sheffield, S1 1HH 

## **Patrons** 

Professor John Kanis The Duchess of Devonshire 

## **TRUSTEES' RESPONSIBILITY STATEMENT** 

The trustees (who are also the directors of Osteoporosis 2000 for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

Page 7 



## **OSTEOPOROSIS 2000 (REGISTERED NUMBER: 03007662)** 

## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2021** 

## **TRUSTEES' RESPONSIBILITY STATEMENT - continued** 

Company law requires the trustees to prepare financial statements for each financial year which 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, of the charitable company for that period. In preparing those financial statements, the trustees are required to 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charity SORP; 

- make judgements and estimates that are reasonable and prudent; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. 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. 

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. 

Approved by order of the board of trustees on 23 November 2021 and signed on its behalf by: 

Miss J Magee - Trustee 

Page 8 



**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OSTEOPOROSIS 2000** 

## **Independent examiner's report to the trustees of Osteoporosis 2000 ('the Company')** 

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021. 

## **Responsibilities and basis of report** 

As the charity's trustees of the Company (and also its directors for the purposes of company law) 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 under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the 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: 

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or 

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 

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. 

S C Fields Hodgson & Oldfield 20 Paradise Square Sheffield S1 2DE 

24 November 2021 

Page 9 



## **OSTEOPOROSIS 2000** 

## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 March 2021** 

|Unrestricted<br>fund<br>Notes<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>2<br>28,134<br>**Charitable activities**<br>5<br>Mobility classes<br>1,003<br>Other trading activities<br>3<br>3,859<br>Investment income<br>4<br>5,733<br>**Total**<br>38,729<br>**EXPENDITURE ON**<br>**Raising funds**<br>Raising donations and legacies<br>6<br>6,854<br>Investment management costs<br>7<br>2,328<br>9,182<br>**Charitable activities**<br>8<br>Advice, information and training<br>28,348<br>Mobility classes<br>6,655<br>Other<br>1,730<br>**Total**<br>45,915<br>Net gains/(losses) on investments<br>39,547<br>**NET INCOME/(EXPENDITURE)**<br>32,361<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>186,128<br>**TOTAL FUNDS CARRIED FORWARD**<br>218,489|Restricted<br>funds<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>120<br>120|31.3.21<br>Total<br>funds<br>£<br>28,134<br>1,003<br>3,859<br>5,733<br>38,729<br>6,854<br>2,328<br>9,182<br>28,348<br>6,655<br>1,730<br>45,915<br>39,547<br>32,361<br>186,248<br>218,609|31.3.20<br>Total<br>funds<br>£<br>4,433<br>14,430<br>22,126<br>9,117<br>50,106<br>3,215<br>2,637<br>5,852<br>37,614<br>15,746<br>1,385<br>60,597<br>(20,331)<br>(30,822)<br>217,070<br>186,248|
|---|---|---|---|



The notes form part of these financial statements 

Page 10 



## **OSTEOPOROSIS 2000 (REGISTERED NUMBER: 03007662)** 

## **BALANCE SHEET 31 March 2021** 

|Unrestricted<br>fund<br>Notes<br>£<br>**FIXED ASSETS**<br>Tangible assets<br>14<br>11<br>Investments<br>15<br>198,963<br>198,974<br>**CURRENT ASSETS**<br>Debtors<br>16<br>1,254<br>Cash at bank and in hand<br>31,521<br>32,775<br>**CREDITORS**<br>Amounts falling due within one year<br>17<br>(13,260)<br>**NET CURRENT ASSETS**<br>19,515<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>218,489<br>**NET ASSETS**<br>218,489<br>**FUNDS**<br>18<br>Unrestricted funds<br>Restricted funds<br>**TOTAL FUNDS**|Restricted<br>funds<br>£<br>-<br>-<br>-<br>-<br>120<br>120<br>-<br>120<br>120<br>120|31.3.21<br>Total<br>funds<br>£<br>11<br>198,963<br>198,974<br>1,254<br>31,641<br>32,895<br>(13,260)<br>19,635<br>218,609<br>218,609<br>218,489<br>120<br>218,609|31.3.20<br>Total<br>funds<br>£<br>11<br>178,143<br>178,154<br>229<br>12,424<br>12,653<br>(4,559)<br>8,094<br>186,248<br>186,248<br>186,128<br>120<br>186,248|
|---|---|---|---|



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021. 

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006. 

The trustees acknowledge their responsibilities for 

- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 

- (b) preparing financial statements 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. 

The notes form part of these financial statements 

continued... 

Page 11 



## **OSTEOPOROSIS 2000 (REGISTERED NUMBER: 03007662)** 

## **BALANCE SHEET - continued 31 March 2021** 

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. 

The financial statements were approved by the Board of Trustees and authorised for issue on 23 November 2021 and were signed on its behalf by: 

R Ward - Trustee 

E McCloskey - Trustee 

The notes form part of these financial statements 

Page 12 



**OSTEOPOROSIS 2000** 

## **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021** 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. 

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. 

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': 

- the requirements of Section 7 Statement of Cash Flows. 

## **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. 

- Donations and legacies are included in full in the Statement of Financial Activities when receivable. 

- Investment income is included when receivable and the amount can be measured reliably by the charity. 

- Income from government and other grants, whether capital or revenue, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. 

## **Expenditure** 

Liabilities are recognised as expenditure as 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. 

· Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. 

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. 

continued... 

Page 13 



**OSTEOPOROSIS 2000** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** 

## **1. ACCOUNTING POLICIES - continued** 

## **Allocation and apportionment of costs** 

All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. per capita or estimated usage as set out in the notes to the accounts. 

## **Tangible fixed assets** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Fixtures and fittings - 33% on cost Computer equipment - 33% on cost 

Fixed assets are stated at cost less accumulated depreciation. 

The costs of minor additions or those where the purchase price is below £250 are not capitalised. 

## **Taxation** 

The charity is exempt from corporation tax on its charitable activities. 

## **Fund accounting** 

Unrestricted Funds: 

Unrestricted funds are donations, legacies and other incoming resources receivable or generated without further specified purpose and are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. 

## Restricted Funds: 

Restricted funds are to be used for specific purposes imposed by the donor. 

## Designated Funds: 

Designated funds are unrestricted funds earmarked by the management committee for particular purposes. The management committee can release these funds back to general funds at their discretion. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **Pension costs and other post-retirement benefits** 

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 

## **Donated goods** 

Donated goods are recognised when they are sold and included in other trading activities in the Statement of Financial Activities. Estimating the fair value of donated goods for resale is impractical due to the volume of low-value items received and the absence of detailed stock control systems and records. 

## **Investments** 

The investments are included in the balance sheet at market value. Gains and losses on investments during the year are recognised in the Statement of Financial Activities. 

continued... 

Page 14 



## **OSTEOPOROSIS 2000** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** 

|**2.**<br>**DONATIONS AND LEGACIES**<br>Grants<br>Membership subscriptions<br>Membership donations<br>General donations<br>Grants received, included in the above, are as follows:<br>Local authority coronavirus grant<br>Job retention scheme grants<br>**3.**<br>**OTHER TRADING ACTIVITIES**<br>Fundraising events<br>Nearly new sales<br>**4.**<br>**INVESTMENT INCOME**<br>Profit on sale of investments<br>Investment income|31.3.21<br>£<br>24,857<br>456<br>1,006<br>1,815<br>28,134<br>31.3.21<br>£<br>10,000<br>14,857<br>24,857<br>31.3.21<br>£<br>2,290<br>1,569<br>3,859<br>31.3.21<br>£<br>907<br>4,826<br>5,733|31.3.20<br>£<br>-<br>985<br>801<br>2,647|31.3.20<br>£<br>-<br>985<br>801<br>2,647|
|---|---|---|---|
|||4,433||
|||31.3.20<br>£<br>-<br>-||
|||-||
|||31.3.20<br>£<br>11,424<br>10,702||
|||22,126||
|||31.3.20<br>£<br>2,700<br>6,417<br>9,117||
||||9,117|



Page 15 

continued... 



## **OSTEOPOROSIS 2000** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** 

|**5.**<br>**INCOME FROM CHARITABLE ACTIVITIES**<br>Activity<br>Mobility classes<br>Mobility classes<br>**6.**<br>**RAISING DONATIONS AND LEGACIES**<br>Fundraising costs<br>Publicity<br>Support costs<br>**7.**<br>**INVESTMENT MANAGEMENT COSTS**<br>Portfolio management<br>**8.**<br>**CHARITABLE ACTIVITIES COSTS**<br>Advice, information and training<br>Mobility classes<br>**9.**<br>**SUPPORT COSTS**<br>Management<br>Finance<br>£<br>£<br>Raising donations and<br>legacies<br>4,409<br>-<br>Other resources<br>expended<br>-<br>194<br>Advice, information and<br>training<br>13,181<br>-<br>Mobility classes<br>4,411<br>-<br>22,001<br>194|31.3.21<br>£<br>1,003<br>31.3.21<br>£<br>2,256<br>54<br>4,544<br>6,854<br>31.3.21<br>£<br>2,328<br>Support<br>Direct<br>costs (see<br>Costs<br>note 9)<br>£<br>£<br>13,010<br>15,338<br>1,974<br>4,681<br>14,984<br>20,019<br>Office<br>Governance<br>costs<br>costs<br>£<br>£<br>135<br>-<br>515<br>1,021<br>2,157<br>-<br>270<br>-<br>3,077<br>1,021|31.3.20<br>£<br>14,430|
|---|---|---|
|||31.3.20<br>£<br>2,696<br>300<br>219<br>3,215<br>31.3.20<br>£<br>2,637<br>Totals<br>£<br>28,348<br>6,655|
|||35,003|
|||Totals<br>£<br>4,544<br>1,730<br>15,338<br>4,681|
|||26,293|



Page 16 

continued... 



**OSTEOPOROSIS 2000** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** 

## **9. SUPPORT COSTS - continued** 

|Activity|Basis of allocation|
|---|---|
|Management|Staff time|
|Finance|Usage|
|Office costs|Usage|
|Governance costs|Usage|



## **10. NET INCOME/(EXPENDITURE)** 

Net income/(expenditure) is stated after charging/(crediting): 

||31.3.21|31.3.20|
|---|---|---|
||£|£|
|Rent & service charge|11,430|9,313|



## **11. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020. 

## **Trustees' expenses** 

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020. 

## **12. STAFF COSTS** 

The average monthly number of employees during the year was as follows: 

||31.3.21|31.3.20|
|---|---|---|
|Advice, information & training|1|1|



No employees received emoluments in excess of £60,000. 

## **13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** 

|Unrestricted<br>fund<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>4,433<br>**Charitable activities**<br>Mobility classes<br>14,430<br>Other trading activities<br>22,126<br>Investment income<br>9,117<br>**Total**<br>50,106|Restricted<br>funds<br>£<br>-<br>-<br>-<br>-<br>-|Total<br>funds<br>£<br>4,433<br>14,430<br>22,126<br>9,117|
|---|---|---|
|||50,106|



continued... 

Page 17 



## **OSTEOPOROSIS 2000** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** 

|**13.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||fund|funds|funds|
||||£|£|£|
||**EXPENDITURE ON**|||||
||**Raising funds**|||||
||Raising donations and legacies||3,215|-|3,215|
||Investment management costs||2,637|-|2,637|
||||5,852|-|5,852|
||**Charitable activities**|||||
||Advice, information and training||37,614|-|37,614|
||Mobility classes||15,746|-|15,746|
||Other||1,385|-|1,385|
||**Total**||60,597|-|60,597|
||Net gains/(losses) on investments||(20,331)|-|(20,331)|
||**NET INCOME/(EXPENDITURE)**||(30,822)|-|(30,822)|
||**RECONCILIATION OF FUNDS**|||||
||**Total funds brought forward**||216,950|120|217,070|
||**TOTAL FUNDS CARRIED**|||||
||**FORWARD**||186,128|120|186,248|
|**14.**|**TANGIBLE FIXED ASSETS**|||||
||||Fixtures|||
||||and|Computer||
|||Equipment|fittings|equipment|Totals|
|||£|£|£|£|
||**COST**|||||
||At 1 April 2020 and 31 March 2021|2,000|5,104|1,584|8,688|
||**DEPRECIATION**|||||
||At 1 April 2020 and 31 March 2021|1,999|5,096|1,582|8,677|
||**NET BOOK VALUE**|||||
||At 31 March 2021|1|8|2|11|
||At 31 March 2020|1|8|2|11|



All fixed assets are used in direct furtherance of the charity's objects. 

continued... 

Page 18 



**OSTEOPOROSIS 2000** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** 

## **15. FIXED ASSET INVESTMENTS** 

|**FIXED ASSET INVESTMENTS**||
|---|---|
||Listed|
||investments|
||£|
|**MARKET VALUE**||
|At 1 April 2020|178,143|
|Additions at cost|4,075|
|Disposals at cost|(22,802)|
|Net gains|39,547|
|At 31 March 2021|198,963|
|**NET BOOK VALUE**||
|At 31 March 2021|198,963|
|At 31 March 2020|178,143|



All investments are carried at their fair value. Investment in equities and fixed interest securities are all traded in quoted public markets. The basis of fair value for quoted investments is equivalent to  the market value. Asset sales and purchases are recognised at the date of trade at cost. 

Cost or valuation at 31 March 2021 is represented by: 

|||Listed|
|---|---|---|
|||investments|
|||£|
|Valuation in|2021|42,344|
|Cost||156,619|
|||198,963|



Investments are held primarily to  provide an investment return for the charity. 

|**16.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|---|
|||31.3.21|31.3.20|
|||£|£|
||Prepayments and accrued income|1,254|229|



continued... 

Page 19 



## **OSTEOPOROSIS 2000** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** 

|**17.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Social security and other taxes<br>Accrued expenses<br>**18.**<br>**MOVEMENT IN FUNDS**<br>At 1.4.20<br>£<br>**Unrestricted funds**<br>General fund<br>186,128<br>**Restricted funds**<br>Fall prevention classes<br>120<br>**TOTAL FUNDS**<br>186,248<br>Net movement in funds, included in the above are as follows:<br>Incoming<br>Resources<br>resources<br>expended<br>£<br>£<br>**Unrestricted funds**<br>General fund<br>38,729<br>(45,915)<br>**TOTAL FUNDS**<br>38,729<br>(45,915)<br>**Comparatives for movement in funds**<br>At 1.4.19<br>£<br>**Unrestricted funds**<br>General fund<br>216,950<br>**Restricted funds**<br>Fall prevention classes<br>120<br>**TOTAL FUNDS**<br>217,070|31.3.21<br>31.3.20<br>£<br>£<br>271<br>280<br>12,989<br>4,279<br>13,260<br>4,559<br>Net<br>movement<br>At<br>in funds<br>31.3.21<br>£<br>£<br>32,361<br>218,489<br>-<br>120<br>32,361<br>218,609<br>Gains and<br>Movement<br>losses<br>in funds<br>£<br>£<br>39,547<br>32,361<br>39,547<br>32,361<br>Net<br>movement<br>At<br>in funds<br>31.3.20<br>£<br>£<br>(30,822)<br>186,128<br>-<br>120<br>(30,822)<br>186,248|
|---|---|



continued... 

Page 20 



## **OSTEOPOROSIS 2000** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** 

## **18. MOVEMENT IN FUNDS - continued** 

Comparative net movement in funds, included in the above are as follows: 

|Incoming<br>resources<br>£<br>**Unrestricted funds**<br>General fund<br>50,106<br>**TOTAL FUNDS**<br>50,106<br>A current year 12 months and prior year 12 months combined<br>**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Fall prevention classes<br>**TOTAL FUNDS**|Resources<br>Gains and<br>Movement<br>expended<br>losses<br>in funds<br>£<br>£<br>£<br>(60,597)<br>(20,331)<br>(30,822)<br>(60,597)<br>(20,331)<br>(30,822)<br>position is as follows:<br>Net<br>movement<br>At<br>At 1.4.19<br>in funds<br>31.3.21<br>£<br>£<br>£<br>216,950<br>1,539<br>218,489<br>120<br>-<br>120<br>217,070<br>1,539<br>218,609|
|---|---|



A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|88,835|(106,512)|19,216|1,539|
|**TOTAL FUNDS**|88,835|(106,512)|19,216|1,539|



## **Unrestricted Funds** 

These are expended at the discretion of the Management Committee/Trustees to meet the general objectives of the charity. 

## **Restricted Funds** 

Fall Prevention Classes - donations received to be used specifically for the cost of fall prevention classes. 

continued... 

Page 21 



**OSTEOPOROSIS 2000** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** 

## **19. EMPLOYEE BENEFIT OBLIGATIONS** 

The charitable company's pension scheme is a defined contribution scheme and all premiums paid are charged to the Statement of Financial Activities in the period that they are paid. 

There were no outstanding or prepaid contributions at 31 March 2021. 

## **20. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 31 March 2021. 

## **21. ULTIMATE CONTROLLING PARTY** 

The charitable company is controlled by its trustees. 

## **22. MEMBERS UNDERTAKING** 

The charitable company is limited by guarantee and, under paragraph 7 of the Memorandum of Association, every member of the company undertakes to contribute such amounts as may be required (not exceeding £1) to the company's assets if it should be wound up while s/he is a member or within one year after s/he ceases to be a member, for payment of the company's debts and liabilities contracted before s/he ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves. 

Page 22