Docusign En¥ÈlopÈ ID." 67EB949U4F84D88-BFCC-1BF6463480E6 MILTON KEYNES COMMUNITY CARDIO-PULMONARY GROUP Charitable Incorporated Organisation Registered Charity Number 1089370 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR TO 31 JULY 2022
Docusign En¥ÈlopÈ ID." 67EB949U4F84D88-BFCC-1BF6463480E6 PIIILTON KEYNES COMMUNITY CARDIO-PULMONARY GROUP FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 Contents Pages Officers and professional advisers Chaimian's ststement Trustees report Independent Examiners report to the members Statement of Financial Acttvities Balance Sheet Accounting policies 10-11 Notes to the financial statements 12-13 The following pages do not form part of the statutory financial statements Detailed income and expendtture account 14-15
Docusign En¥ÈlopÈ ID." 67EB949U4F84D88-BFCC-1BF6463480E6 MILTON KEYNES COMMUNITY CARD1041ULMONARY GROUP Page 1 CHARITY INFORMATION 31 JULY 2022 OFFICERS Ivan Pullen Chair Nigel Robinson Treasurer Emest Taylor Secretary Stanley Keeves Social Chair TRUSTEES Roger Cook Stephen Halliday Gordon Pantling Nigel Robinson Emest Taylor Sue Free June Hobden Ivan Pullen Linda Seaton Patricia Thurston James Gorringe Stanley Keeves Geoff Rayment Richard Strattord PRINCIPAL ADDRESS Hinton Hall 296A addon Way Bletchley Miiton Keynes MK3 7GB INDEPENDENT EXAMINER Mr J Wooldridge Msci, FCA Chartered Accountant Merr & Hole Silbury Court 420 Silbury Boulevard Central Milton Keynes MK9 2AF BANKERS CAF Bank Ltd 25 Kings Hill West Malling Kent ME19 4JQ National Weslminster Bank PIC 501 Silbury Boulevard Saxon Gate East Central Milton Keynes Milton Keynes MK9 3ER
Docusign En¥ÈlopÈ ID." 67EB949U4F84D88-BFCC-1BF6463480E6 MILTON KEYNES COMMUNITY CARDIO4ULMONARY GROUP Page 2 Milton Keynes Community Cardio-pulmonary Group Hinton Hall, 296a Whaddon Way, Bletchley, Milton Keynes, MK3 7GB Tel. 018 632999 www.mkccg.org en uiries mkccg CHAIRMAN'S STATEMENT FOR THE YEAR ENDING 31StJULY 2022 This has bn a year of transition for us. In terms of exercise sessions we have made good progress and we are now back to normal. However, the recruitment and retention of staff MaInS a challenge. We a delighted to have made gr&3t progress wh our exercise sessions during the year. We are now back to pre-pandemic style sessions. These are longer, have greater numbers and a wider range of exerases than those we operated under the various sets of COVID restrittions. We are also very glad that we have been able to have face to face Management Committ Meetings throughout this year. This has allowed for the lively debate of important issues and the opportunty for a wider range of opinions to contribute to the decision making process. As well as being able to hold face to face management meetings we were able to hold our AGM in the normal way. At the AGM a new statement of our objectives was approved. The purpose of the change was to emphasise that our principal objettive is to provide facilities for condition-specific monitored exercise. We continue, of cour, to have trained medical support on hand in the event of a clinical emergency and appropriately qualified staff to give correct and levant health information. Soon after our meeting the Charty Commission confimi their acceptance of the change. sin the beginning of the pandemic we have lost in the region of one third of our membership. The consequent loss of income is now catching up with us and we will have to seriously consider an increase in the membership fees. Thi5 will not come at a good time as we all face the imminent cost of living crisis. Currently we have two contracts with the local Clinical Commissioning Group for delivering introduttory habIlltiOn courses. We are in negotiations for a contract to host a further rehabilttation course in our building. The contracts are very important to us not only for the money they bring in but also because they are our principal means of recruiting members. In March of this year our Manager, Mrs Hayley Hilmyi retired. Hayley has worked for the group for many years in a number of diffent roles but mainly as Deputy Manager and then, for just over two years, as Manager. She made a major contribution to the development and running of the organisation. I was always impressed with Hayley's diligence, wealth of experience and abilty to suggest ideas and research facts for the group.
Docusign En¥ÈlopÈ ID." 67EB949U4F84D88-BFCC-1BF6463480E6 MILTON KEYNES COMMUNITY CARD104>ULMONARY GROUP Pa3 Since Hayley's retirement we have found it difficult to find a suitable replacement and we are Curnt[Y continuing our search. The remaining Stsff have bn exceptionally helpfijl with going beyond their normal roles and the offirS and Honorary President have been more involved with day tt) day than usual. There has b*n a welcome retum to social and fund-raising events. To begin with progress was a little slow but momentum is now building a programme of events is now in place. The members, volunteers and staff are enjoying the social interattion and benefiting from the money rdised. As we move into the future, we fa the challenges of finding a new manager and coping with the knock-on effetts of steeply rising prices. However, we have many people in the organisation who want it to succeed and I'm confident that we will be able to accomplish this aim. I would like to thank the staff, members and volUntrS for their hard work and dedication. In particularly I would like to mention Mr Nigel Robinson. He continues to apply a high level of both financial prudence and business acumen to his role as Treasurer. kLwCN PdL Ivan Pullen Chair MKCCG
Docusign En¥ÈlopÈ ID." 67EB949U4F84D88-BFCC-1BF6463480E6 MILTON KEYNES COMMUNITY CARDIO4ULMONARY GROUP Page 4 TRUSTEES, REPORT YEAR ENDED 31 JULY 2022 The trustees have pleasure in presenting their report and the financial statements of the charity for the year ended 31 July 2022. The officers have adopted the provision of the Statement of Recommended Practice {SORP} 'Accounting and Reporting by Charities. issued in 2019 in preparing the annual report and financial statements of the chartty. OWECTIVES AND ACTIVITIES OF THE CHARITY Milton Keynes Community Cardio-Pulmonary Group was a company limited by guarantee up until 15 May 2019 when tt converted to a Charitable Incorporated Organisation, Registered Charity Number 1089370 The principle objectives of the charity are to provide facilrties for condilion-specific monitored exercise in a safe. friendly and supportive environment for people living within the borough of Milton Keynes and the surrounding areas who have an established diagnosis of heart disease andlor cardiopulmonary disease, so that members may, by their own efforts, thrive despite their condition. To this end the charity works very dosely with the local NHS hospital and General Practitioners. PUBLIC BENEFIT The Trusts consider that the main activities of the charity detailed in the objects above are for the public benefft and have given due regard to the Charities Commission guidan on public benefft. CURRENT OFFICERS AND TRUSTEES Roger Cook Stephen Halliday Gordon Pantling Nigel Robinson Emest Taylor Sue Free June Hobden Ivan Pullen Linda Seaton Patricia Thurston James Gorringè Stanley Keeves Geoff Rayment Richard Stratford RESIGNED DURING THE YEAR Graham Smith- Resigned 20 September2021 Arun Pant- Resigned 22nd October 2021 Michael Donald- Resigned 10 January 2022 The induction of any new trustee which involves awareness of a tnjstee's responsibilty, the goveming document. administrative produre$, the history and the current state of the chartty is the responsibility of the chair of trustees. The power to appoint new trustees lies with the current trustees. STRUCTURE, GOVERNANCE AND MANAGEMENT The tharity's goveming document is its constitution. The Committee consists of five Officers (Chainnan, Vice Chaimian, Secretary, Treasurer and Social Chaimianl who are elected at the AGM too stand for Iwo years, plus representatives from each of the exercise sessions. The committee meets every seven weeks on a Monday evening. Every yearwe ask eaL session to choose one Session Rep to serve fortwo years and to represent the views of the members of that session. Nomination foms will appear on the noticeboard at the end of September with a deadline weeks before the AGM for their retum. Nominees must be full members of Mi]ton Keynes Communty Cardio-pulmonary Group and each nomination requires a proposer and seconder from the membership. The names of the new Session Reps will be annoUnd at the AGM.
Docusign En¥ÈlopÈ ID." 67EB949U4F84D88-BFCC-1BF6463480E6 MILTON KEYNES COMMUNITY CARD104>ULMONARY GROUP Page 5 TRUSTEES REPORT (CONTINUED) YEAR ENDED 31 JULY 2022 The AGM is usually held in October at Hinton Hall. As well as confiming the election of Committee members and offirS there are reports from the Groups Manager and all the Officers covenng what's been happening over the past year. RESERVES POUCY The charity has a policy to hold in excess of one yearfs operating expenses in order to ensure stability for the long-tem fLrture of the charity. RISK FACTORS COVID-19 The trustees have assessed the major risks to which the charity is exposed, in 2020 - 21 this was the Covid-19 epidemic. The Trustees and management team managed to restart exercise classes in May 2021 wrth a maximurn of 10 members at each session, this was then increased to 20. In earfy May 2022 we returned to pre-pandemic Style sessions with a maximum of 40 at each session. We are keeping the situation under constant review and are satisfied that systems are in place to mttigate exposure to the major risks. STATEMEKf OF TRUSTEES RESPONSIBILITIES The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordan with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Apted Accounting Practi). The law applicable to charities in EngtarKI & Wales requires the trustees to prepare financial ststements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently-, observe the methods and principles in the Charities SORP 2019 (FRS 102)., make judgements and estimates that are reasonable and prudent., stats whether applicable accounting standards have been followed, subject to any material departures disclosed and explairted in the financial statements., prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the chartty will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the ¢harity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008. and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Docusign En¥ÈlopÈ ID." 67EB949U4F84D88-BFCC-1BF6463480E6 MILTON KEYNES COMMUNITY CARDIO4ULMONARY GROUP Page 6 TRUSTEES REPORT {CONTINUED) YEAR ENDED 31 JULY 2022 INDEPENDENT EXAMINER In accordan wth the nStItUtiOn. a resolution proposing that Mr James Wooldridge be appointed as Independent Examiner of the charity was put to the Annual General Meeting. This report has been prepared in accordance with the Charittes Act 2011 These financial statements were approved by the trustees on the And are signed on their behatf by: Mr N Robinson 2 slot12021
Docusign En¥ÈlopÈ ID." 67EB949U4F84D88-BFCC-1BF6463480E6 MILTON KEYNES COMMUNITY CARDIO-PULPIIONARY GROUP Page 7 INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2022 Independent Examinerfs Report to the Trustees of the Milton Keynes Community Cardio- pulmonary Group I report to the chartty trustees on my examination of the accounts of the charity for the year ended 31 July 2022 which are set out on pages 8 to 13. Responsibilities and basis of report As the charity's tmstees you are responsible forthe preparation of the accourrts in accordan with the requirements of the Chartties Act 2011 (the Act,). I report in respect of my examination of the charitys accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the AGt. Independent examinerfs ststement I have completed my examination. I confimi that no material matters have come to my attention in conneGtion with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the company as required by section 130 of the Act, or 2. the accounts do not accord with those records; or the accounts do not comply with the applicable requirements ttinming the fomi and content of accounts set Olrt in the Charities (Accounts and Reports) Regulations 2008 other than the requirement that the accounts give a 'true and fair view which is not a matter considered as part of an indep8ndent examination. I have no conM$ 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. Signed.. DocU$nId6y'. $F644099B39A431 James Wooldridge Msci. FCA Chartered Accountant Mercer & Hole Silbury Court 420 Silbury Boulevard Central Milton Keynes MK9 2AF Date: 291912022
Docusign En¥ÈlopÈ ID." 67EB949U4F84D88-BFCC-1BF6463480E6 MILTON KEYNES COMMUNITY CARDIO-PULMONARY GROUP Page 8 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2022 Unrestricted 2022 Unrestricted 2021 Notes Income from: General income: Memberships and donations Other trading activities Coronavirus Job Retention Scheme Investments 96,004 33,014 104,002 28,245 24,370 55 260 Total Income 129,278 156.672 Expenditure on: Charitable expenditure.. Raising funds 558 Charitable activities and other expenses 152.952 159.862 Total Expenditure 152.952 160,420 Gain on revaluation of investmerrts 3,947 17,829 Net movement of funds (19,727) 14.081 Funds balanS brought forward 336,915 322,834 Funds balanS carried fomard 317,188 336,915 The statement of finanGial activities includes all gains and losses recognised in the year All income and expenditure derive from continuing activtties The accounting policies and notes on pages 10 to 13 form part of these financial statements.
Docusign En¥ÈlopÈ ID." 67EB949U4F84D88-BFCC-1BF6463480E6 ILI IJN I i MUl-VVLMoNARy GROUP Page 9 BALANCE SHEET AS AT 31 JULY 2022 Notes 2022 2021 Fixed assets Tangible assets Investments 47,263 119,704 56,882 115,757 Current assets Cash at bank and in hand 151,541 165,526 151,541 165,526 Creditors: amounts falling due within one year (1,320) (1,250) Net current assets 164,276 150,221 Net assets 317.188 336,915 Reserves Income & expendrbjre account 336,915 (19,727) 322.834 14,081 Total charity funds 317.188 336,915 These financial statements were approved by the trustees on the And are signed on their behalf by:_ Mr N Robinson ?g1ofj IIu22. These accounting policies and notes on pages 10 to 13 fomi part of these financial statements.
Docusign En¥ÈlopÈ ID." 67EB949U4F84D88-BFCC-1BF6463480E6 MILTON KEYNES COMMUNITY CARDIO4ULMONARY GROUP Page10 ACCOUNTING POLICIES FOR THE YEAR ENDED 31 JULY 2022 Basis of accounting The financial statements have been prepared in accordan with Accounting and Reporting by Charities: Statement of Recommended Practi applicable to charities preparing their accounts in accordan with the Financial Reportj'ng Standard applicable in the UK and Republic of Ireland Charities SORP (FRS 102), Second Edition released Octoter 2019. Milton Keynes Community CarrJio-Pulmonary Group meets the definition of a public benefrt entity under FRS 102. Assets and liabilities are inttially recognised at the historical cost or transaction value unless OtheIse stated in the relevant accounting policy note(s). The Trustees have taken advantage of the exemption in FRS102 Section 1A, Update Bulletin 1, from including a cash flow statement in the financial statements on the grounds that the organisation is small. Incomo Incoming resour8 represents donations, subscriptions. subsidies, sponsorship, grant fvnding and other income from the Members of the Group. Income is only recognised On it has been reiVed and voluntary donations are reccN3nised on reIpt where the donation relates to the current accounting period. Expenditure Expenditure incurred on activities falling directly wtthin one cost category have been reGognised as such. Items of expenditure which involve more than one category have been allocated on a reasonable and consistent basis. Lease A 50 year lease has been signed for the Whaddon Way Day Centre whiGh is to be amortised over the term of the lease. Capital expenditure Items under £100 are not capitalised and items over this level are assessed indtvidually before a decision is made regarding whether they should capitalised. Donated assets are recognised at their monetary value, as estimated by the trustees, when received and are capitalised at this value. In rtain cases, where title to an asset is restricted so that it has either no or little net value to the charity, the trustees, policy is that the ttem should not be capitalised in the accounts. Investsnents Investments held are valued in accordan with the statèment of recognised principles. Their market value at the balan sheet date is reflected in the accounts. Any increase or decrease in the market value of the investment during the year is recognised in the income and expenditure account.
Docusign En¥ÈlopÈ ID." 67EB949U4F84D88-BFCC-1BF6463480E6 MILTON KEYNES COMMUNITY CARD1041ULMONARY GROUP Page11 ACCOUNTING POLICIES FOR THE YEAR ENDED 31 JULY 2022 Going concem At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existen for the foreseeable future. Thus, the trustees continue to adopt the going contsm basis of aGGounting in preparing the financial statements. Fixed assets and depreciation Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impaiment losses. Depreciation is recognised so as to write off the cost orvaluation of assets less their residual values over their useful lives on the following bases- Land and buildings (leasehold) Fixtures, frttings & equipment 50 years Beeen 5 years and 10 year5 The gain or loss arising on the diswsal of an asset is detemiined as the difference been the sale prOedS and the carying value of the asset, and is credited or charged to the statement of financial acttvthes. Cash and cash equivalents Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less. Creditors & Provisions Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the fvture reiptS discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instrument5 are subsequently carried at amortised Gost, using the effective interest rate method. Accounts payable are obligations to pay for goods or services that have been acquired in the ordinary Gourse of business from suppliers. Amounts payable are dassified as current liabilities if payment is due within one year or less. If not, they are presented as non-Gurrent liabilsties.
Docusign En¥ÈlopÈ ID." 67EB949U4F84D88-BFCC-1BF6463480E6 MILTON KEYNES COMMUNITY CARDIO+ULMONARY GROUP Page 12 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2022 CHARITABLE INCORPORATED ORGANISATION The charity is a Charitable Incorporated Organisation, Registered Charity Number 1089370 and in the event that this charity were to aSe. the balan of reseeS would be transferred to some other charitable institution with objectives similar to this charity- The charity is controlled by its trustees. RESERVE POLICY The tharity has a policy to hold in eX$S of one yearfs operating expenses in order to ensure stabilrty for the long-tem future of the chaiity. CHARITABLE ACTivrriES AND OTHER EXPENSES 2022 2021 Insurance & Administration Depreciation Co-ordinator and volunteer team expenses Stationery Equipment and telephones Training Security Refurbishment General maintenan Sundry Utilities Fire Health & Safety maintenan Contract Personal Protective Equipment 5 Yearly maintenan Inspection5 3,796 9,619 113.527 2,846 1.526 399 3,693 11,828 115,499 2,064 2,591 30 11 799 492 5.558 5,181 3,646 314 1,608 581 3,060 810 12,136 3,738 1,626 2,172 253 1.115 2,307 152,952 159,862 Fees paid to the Independent Examiner are: TANGIBLE FIXED ASSETS 2022 2021 Cost brought fOard Addttions 113,666 103,245 10,421 Cost rried forward 113,666 113,666 Depreciation brought forward Charge for the year 56,784 9,619 44,956 11,828 Depreciation carried forward 66,403 56,784 Net Book Value at 31 July 2022 47,263 56,882 Net Book Value at 31 July 2021 56,882 58,289
Docusign En¥ÈlopÈ ID." 67EB949U4F84D88-BFCC-1BF6463480E6 MILTON KEYNES COMMUNITY CARD1041ULMONARY GROUP Page 13 NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) YEAR ENDED 31 JULY 2022 2022 2021 INVESTMEKrs Market value brought forward Revaluation gain l (loss) in year 115,757 3,947 97,928 17.829 Market value carried forward 119,704 115,757 Analysis of investments: COIF Charities Investment fund 119,704 115,757 Historical cost 30,476 30.476 CREDITORS Accruals 1,320 1,250 EMPLOYEE AND TRUSTEE REMUNERATION The Trustees received no remuneration or expenses during the year. Details of employee remuneration and numbers are as follows.. 2022 2021 Wages National Insuran Pension Contributions Average no of employees 107,032 324 6,171 12 108,429 7,070 15 No employees had emoluments in eXsS of £60,000 (2021: nil).
Docusign En¥ÈlopÈ ID." 67EB949U4F84D88-BFCC-1BF6463480E6 MILTON KEYNES COMMUNITY CARDIO-PULMONARY GROUP MANAGEMEiif ACCOUNTS FOR THE YEAR ENDED 31 JULY 2022 The following pages do not form part of the statutory financial statements which are the subject of the Independent ExaMineS Report on page 7.
Docusign En¥ÈlopÈ ID." 67EB949U4F84D88-BFCC-1BF6463480E6 MILTON KEYNES COMMUNITY CARDIO4ULMONARY GROUP Page 14 DETAILED INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 JULY 2022 2022 2021 INCOME Grants and funding 33,014.35 Donations - general 2,120.65 gifts 1,839.85 Event income 342.50 Fund raising 1,011.47 Sweatrr shirts 568.25 Membership fees - standing order 75.563.25 - Gheque 340.00 Refreshment income 388.47 Inland revenue gift aid tax refund 14.451.40 Coronavirus Job Retention Schm 0.00 28.244.88 941.18 5,230.49 0.00 (557.50) 0.00 79,691.23 375.00 0.00 17.763.98 24,370.28 129,640.19 156,059.54 COST OF SALES Purchases- T shirts, tea & coffee 1621.92) GROSS SURPLUS 129,018.27 156,059.54 EXPENSES Refurbishment Security General maintenan maintenan contracts 5 Yeady Inspections Fire. health & safety Equipment and telephones Training {491.93) {798.90) (5,557.49) (1,608.50) (3,060.00) (313.62) {1,525.84) {399.00) (12,135.71) 1809_70) (3,738.15) (1,115.43) 0.00 (252.82) (2,591.06) kll Stationery Sundries Utilities Staff and volunteer expenses Depreciation Insuran & administration Personal Protective Equipment Staff Advertising Commission on Card Payments Commission of CAF Donations (30.00) (2,064.35) (1.626.38) (2.172.03) {115,498.85) (11.827.94) (3,693.21) (2,306.47) 0.00 0.00 0.00 {2846.39) (3,644.20) (3,646.11) (113,527.02) (9,619.20) (3,796.02) (581.10) (1,475.60) (23.73) (37.17) 152,951.82 159,862.10
Docusign En¥ÈlopÈ ID." 67EB949U4F84D88-BFCC-1BF6463480E6 MILTON KEYNES COMMUNITY CARDIO-PULMONARY GROUP Page 15 DETAILED INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 JULY 2022 2022 2021 OPERATING LOSS {23,933.55) (3,802.56) Bank intsrest reIVed 260.45 54.66 LOSS ON ORDINARY ACTIVITIES (23,673.10) (3,747.90) Unrealised losslgain on COIF investment fund shares 3,947.14 17,828.60 LOSS I SURPLUS FOR THE YEAR (19,725.96) 14,080.70