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 2023
FOR
OSTEOPOROSIS 2000
Hodgson & Oldfield 20 Paradise Square Sheffield S1 2DE
OSTEOPOROSIS 2000
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 7 |
| Independent Examiner's Report | 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 to 11 |
| Notes to the Financial Statements | 12 to 22 |
| Detailed Statement of Financial Activities | 23 to 24 |
OSTEOPOROSIS 2000
REPORT OF THE TRUSTEES for the Year Ended 31 March 2023
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 2023. 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.
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OSTEOPOROSIS 2000
REPORT OF THE TRUSTEES for the Year Ended 31 March 2023
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. Volunteers who have osteoporosis themselves are on hand to offer support and share their experiences about coping with this disease.
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. Becoming a member helps support the charity's work and keep up to date with activities and any current medical information. There is also the opportunity to build friendships and gain support from others who live with osteoporosis.
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 with general recommendations that you can then discuss with your GP or practice nurse.
Outreach
Representatives from the charity attend community health events. Working in the community helps to increase public awareness and understanding about osteoporosis and also about the charity's services.
Exercise Classes
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. Being active has many other health benefits that help maintain independence.
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OSTEOPOROSIS 2000
REPORT OF THE TRUSTEES for the Year Ended 31 March 2023
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 community physiotherapists, the NHS Integrated Care team 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.co.uk. 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.
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 £5,361 (2022: £5,113) of dividend income but made a loss on sales of investments of £2,845 during the year. There has been a decrease in the market value of the investments at 31 March 2023 of £11,965 (2022, increase of: £5,986). 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.
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OSTEOPOROSIS 2000
REPORT OF THE TRUSTEES for the Year Ended 31 March 2023
FINANCIAL REVIEW
Finances
There was a deficit for the year of £33,609 (2022: £13,967 deficit). The deficit for the year includes a decrease in the market value of the investments of £11,965 (2022: £5,986 increase). The Management Committee are working hard to ensure that future incoming resources will more than meet future expenditure. The free reserves at 31 March 2023 were £4,441 and the investments can be sold to generate future cash when required. The balance on restricted funds at 31 March 2023 was nil (2022: £nil) and £171,033 on unrestricted funds (2022: £204,642).
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.
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OSTEOPOROSIS 2000
REPORT OF THE TRUSTEES for the Year Ended 31 March 2023
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 of the Management Committee.
Volunteers
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
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OSTEOPOROSIS 2000
REPORT OF THE TRUSTEES for the Year Ended 31 March 2023
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 (resigned 4.2.23) Miss J Magee R Law J Salisbury
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).
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;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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OSTEOPOROSIS 2000
REPORT OF THE TRUSTEES for the Year Ended 31 March 2023
TRUSTEES' RESPONSIBILITY STATEMENT - continued
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 20 October 2023 and signed on its behalf by:
Dr E McCloskey - Trustee
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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 2023.
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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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
23 October 2023
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OSTEOPOROSIS 2000
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 March 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 6,191 Charitable activities 5 Mobility classes 11,531 Other trading activities 3 18,594 Investment income 4 5,376 Total 41,692 EXPENDITURE ON Raising funds Raising donations and legacies 6 6,602 Investment management costs 7 4,991 11,593 Charitable activities 8 Advice, information and training 30,693 Mobility classes 17,476 Other 3,574 Total 63,336 Net gains/(losses) on investments (11,965) NET INCOME/(EXPENDITURE) (33,609) RECONCILIATION OF FUNDS Total funds brought forward 204,642 TOTAL FUNDS CARRIED FORWARD 171,033 |
Restricted funds £ - - - - - - - - - - - - - - - - |
31.3.23 Total funds £ 6,191 11,531 18,594 5,376 41,692 6,602 4,991 11,593 30,693 17,476 3,574 63,336 (11,965) (33,609) 204,642 171,033 |
31.3.22 Total funds £ 8,470 10,294 14,912 5,113 38,789 7,278 2,597 9,875 32,681 14,656 1,530 58,742 5,986 (13,967) 218,609 204,642 |
|---|---|---|---|
The notes form part of these financial statements
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OSTEOPOROSIS 2000
BALANCE SHEET 31 March 2023
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 14 11 Investments 15 166,581 166,592 CURRENT ASSETS Debtors 16 2,966 Cash at bank and in hand 18,779 21,745 CREDITORS Amounts falling due within one year 17 (17,304) NET CURRENT ASSETS 4,441 TOTAL ASSETS LESS CURRENT LIABILITIES 171,033 NET ASSETS 171,033 FUNDS 18 Unrestricted funds TOTAL FUNDS |
Restricted funds £ - - - - - - - - - - |
31.3.23 Total funds £ 11 166,581 166,592 2,966 18,779 21,745 (17,304) 4,441 171,033 171,033 171,033 171,033 |
31.3.22 Total funds £ 11 204,949 204,960 4,115 11,724 15,839 (16,157) (318) 204,642 204,642 204,642 204,642 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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...
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OSTEOPOROSIS 2000
BALANCE SHEET - continued 31 March 2023
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 20 October 2023 and were signed on its behalf by:
R Ward - Trustee
E McCloskey - Trustee
The notes form part of these financial statements
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OSTEOPOROSIS 2000
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2023
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.
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Donations and legacies are included in full in the Statement of Financial Activities when receivable.
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Investment income is included when receivable and the amount can be measured reliably by the charity.
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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. The cost of the services of volunteers cannot be reasonably quantified and has not been included in the accounts.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
continued...
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OSTEOPOROSIS 2000
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
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 and services
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.
Donated services cannot be reasonably quantified and as such are not recognised within the accounts.
continued...
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OSTEOPOROSIS 2000
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
1. ACCOUNTING POLICIES - continued
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.
2. DONATIONS AND LEGACIES
| Grants Membership subscriptions Membership donations Funeral donations General donations Grants received, included in the above, are as follows: Job retention scheme grants 3. OTHER TRADING ACTIVITIES Fundraising events Nearly new sales 4. INVESTMENT INCOME Deposit account interest Investment income |
31.3.23 £ - 480 905 515 4,291 6,191 31.3.23 £ - 31.3.23 £ 3,749 14,845 18,594 31.3.23 £ 15 5,361 5,376 |
31.3.22 £ 3,841 540 771 - 3,318 8,470 31.3.22 £ 3,841 31.3.22 £ 2,166 12,746 |
31.3.22 £ 3,841 540 771 - 3,318 8,470 31.3.22 £ 3,841 31.3.22 £ 2,166 12,746 |
|---|---|---|---|
| 14,912 | |||
| 31.3.22 £ - 5,113 5,113 |
|||
| 5,113 |
continued...
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OSTEOPOROSIS 2000
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
| 5. INCOME FROM CHARITABLE ACTIVITIES Activity Mobility classes Mobility classes 6. RAISING DONATIONS AND LEGACIES Fundraising costs Publicity Support costs 7. INVESTMENT MANAGEMENT COSTS Portfolio management Loss on sale of assets 8. CHARITABLE ACTIVITIES COSTS Advice, information and training Mobility classes |
31.3.23 £ 11,531 31.3.23 £ 2,196 - 4,406 6,602 31.3.23 £ 2,146 2,845 4,991 Support Direct costs (see Costs note 9) £ £ 14,438 16,255 15,173 2,303 29,611 18,558 |
31.3.22 £ 10,294 |
|---|---|---|
| 31.3.22 £ 2,196 500 4,582 7,278 31.3.22 £ 2,597 - 2,597 Totals £ 30,693 17,476 |
||
| 48,169 |
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continued...
OSTEOPOROSIS 2000
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
9. SUPPORT COSTS
| Management Finance £ £ Raising donations and legacies 4,340 - Other resources expended 298 259 Advice, information and training 15,193 - Mobility classes 2,170 - 22,001 259 Activity Basis of allocation Management Staff time Finance Usage Office costs Usage |
Office Governance costs costs £ £ 66 - 1,897 1,120 1,062 - 133 - 3,158 1,120 |
Totals £ 4,406 3,574 16,255 2,303 |
|---|---|---|
| 26,538 | ||
10. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.3.23 | 31.3.22 | |
|---|---|---|
| £ | £ | |
| Deficit on disposal of fixed assets | 2,845 | - |
| Rent & service charge | 11,572 | 11,790 |
11. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
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continued...
OSTEOPOROSIS 2000
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
12. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Advice, information & training No employees received emoluments in excess of £60,000. |
31.3.23 1 |
31.3.22 1 |
|---|---|---|
| 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 8,470 - Charitable activities Mobility classes 10,294 - Other trading activities 14,912 - Investment income 5,113 - Total 38,789 - EXPENDITURE ON Raising funds Raising donations and legacies 7,278 - Investment management costs 2,597 - 9,875 - Charitable activities Advice, information and training 32,681 - Mobility classes 14,536 120 Other 1,530 - Total 58,622 120 Net gains on investments 5,986 - NET INCOME/(EXPENDITURE) (13,847) (120) RECONCILIATION OF FUNDS Total funds brought forward 218,489 120 |
Total funds £ 8,470 10,294 14,912 5,113 38,789 7,278 2,597 9,875 32,681 14,656 1,530 58,742 5,986 (13,967) 218,609 |
|---|---|
continued...
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OSTEOPOROSIS 2000
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
| 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 | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| fund | funds | funds | ||||
| £ | £ | £ | ||||
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 204,642 | - | 204,642 | |||
| 14. | TANGIBLE FIXED ASSETS | |||||
| Fixtures | ||||||
| and | Computer | |||||
| Equipment | fittings | equipment | Totals | |||
| £ | £ | £ | £ | |||
| COST | ||||||
| At 1 April 2022 and 31 March 2023 | 2,000 | 5,104 | 1,584 | 8,688 | ||
| DEPRECIATION | ||||||
| At 1 April 2022 and 31 March 2023 | 1,999 | 5,096 | 1,582 | 8,677 | ||
| NET BOOK VALUE | ||||||
| At 31 March 2023 | 1 | 8 | 2 | 11 | ||
| At 31 March 2022 | 1 | 8 | 2 | 11 | ||
| All fixed assets are used in direct furtherance | of the charity's | objects. | ||||
| 15. | FIXED ASSET INVESTMENTS | |||||
| Listed | ||||||
| investments | ||||||
| £ | ||||||
| MARKET VALUE | ||||||
| At 1 April 2022 | 204,949 | |||||
| Additions at cost | 20,160 | |||||
| Disposals at cost | (46,563) | |||||
| Impairments | (11,965) | |||||
| At 31 March 2023 | 166,581 | |||||
| NET BOOK VALUE | ||||||
| At 31 March 2023 | 166,581 | |||||
| At 31 March 2022 | 204,949 |
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.
continued...
Page 18
OSTEOPOROSIS 2000
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
15. FIXED ASSET INVESTMENTS - continued
Cost or valuation at 31 March 2023 is represented by:
| Listed | ||||
|---|---|---|---|---|
| investments | ||||
| £ | ||||
| Valuation in 2023 | 22,895 | |||
| Cost | 143,686 | |||
| 166,581 | ||||
| Investments are held primarily to provide an investment return for the charity. | ||||
| 16. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.23 | 31.3.22 | |||
| £ | £ | |||
| Prepayments and accrued income | 2,966 | 4,115 | ||
| 17. | CREDITORS: AMOUNTS FALLING DUE | WITHIN ONE YEAR | ||
| 31.3.23 | 31.3.22 | |||
| £ | £ | |||
| Social security and other taxes | 478 | 269 | ||
| Accrued expenses | 16,826 | 15,888 | ||
| 17,304 | 16,157 | |||
| 18. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.4.22 | in funds | 31.3.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 204,642 | (33,609) | 171,033 | |
| TOTAL FUNDS | 204,642 | (33,609) | 171,033 |
continued...
Page 19
OSTEOPOROSIS 2000
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
18. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming Resources resources expended £ £ Unrestricted funds General fund 41,692 (63,336) TOTAL FUNDS 41,692 (63,336) Comparatives for movement in funds At 1.4.21 £ Unrestricted funds General fund 218,489 Restricted funds Fall prevention classes 120 TOTAL FUNDS 218,609 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 38,789 (58,622) Restricted funds Fall prevention classes - (120) TOTAL FUNDS 38,789 (58,742) |
Gains and Movement losses in funds £ £ (11,965) (33,609) (11,965) (33,609) Net movement At in funds 31.3.22 £ £ (13,847) 204,642 (120) - (13,967) 204,642 Gains and Movement losses in funds £ £ 5,986 (13,847) - (120) 5,986 (13,967) |
|---|---|
continued...
Page 20
OSTEOPOROSIS 2000
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
18. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Fall prevention classes TOTAL FUNDS |
At 1.4.21 £ 218,489 120 218,609 |
Net movement in funds £ (47,456) (120) (47,576) |
At 31.3.23 £ 171,033 - |
|---|---|---|---|
| 171,033 |
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 | 80,481 | (121,958) | (5,979) | (47,456) |
| Restricted funds | ||||
| Fall prevention classes | - | (120) | - | (120) |
| TOTAL FUNDS | 80,481 | (122,078) | (5,979) | (47,576) |
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 2023
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 2023.
20. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
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
OSTEOPOROSIS 2000
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023
| for the Year Ended 31 | March 2023 | |
|---|---|---|
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Grants | - | 3,841 |
| Membership subscriptions | 480 | 540 |
| Membership donations | 905 | 771 |
| Funeral donations | 515 | - |
| General donations | 4,291 | 3,318 |
| 6,191 | 8,470 | |
| Other trading activities | ||
| Fundraising events | 3,749 | 2,166 |
| Nearly new sales | 14,845 | 12,746 |
| 18,594 | 14,912 | |
| Investment income | ||
| Deposit account interest | 15 | - |
| Investment income | 5,361 | 5,113 |
| 5,376 | 5,113 | |
| Charitable activities | ||
| Mobility classes | 11,531 | 10,294 |
| Total incoming resources | 41,692 | 38,789 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Fundraising costs | 2,196 | 2,196 |
| Publicity | - | 500 |
| 2,196 | 2,696 | |
| Investment management costs | ||
| Portfolio management | 2,146 | 2,597 |
| Loss on sale of investment assets | 2,845 | - |
| 4,991 | 2,597 | |
| Charitable activities | ||
| Building rates & insurance | 1,219 | 1,009 |
| Carried forward | 1,219 | 1,009 |
This page does not form part of the statutory financial statements
Page 23
OSTEOPOROSIS 2000
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023
| 31.3.23 | 31.3.22 | |
|---|---|---|
| £ | £ | |
| Charitable activities | ||
| Brought forward | 1,219 | 1,009 |
| Building utilities & maintenance | 1,186 | 1,262 |
| Rent & service charge | 11,572 | 11,790 |
| Advice, information & training costs | 174 | 219 |
| Mobility class costs | 15,173 | 12,088 |
| Bank charges | 287 | 60 |
| 29,611 | 26,428 | |
| Support costs | ||
| Management | ||
| Salaries | 21,542 | 21,542 |
| Pensions | 459 | 459 |
| 22,001 | 22,001 | |
| Finance | ||
| Professional & payroll fees | 259 | 324 |
| Office costs | ||
| Telephone | 1,819 | 1,932 |
| Postage, printing & stationery | 571 | 793 |
| Office maintenance & computer costs | 670 | 797 |
| Cleaning supplies & sundries | 98 | 55 |
| Travel | - | 98 |
| 3,158 | 3,675 | |
| Governance costs | ||
| Accountancy and legal fees | 1,120 | 1,021 |
| Total resources expended | 63,336 | 58,742 |
| Net expenditure | (21,644) | (19,953) |
This page does not form part of the statutory financial statements
Page 24