BritishPolio Fellowship 2023 Trustees, report and financial statement for the year ended 31 December 2023 iivirywith the knte •ffectsof poik* and Post-pollo Syndrome IPPS QThe Brthlsh Pollo Fellowshlp. A ¢ompany15mlted byguarantee: No 5294321 Reglstered as a d￿rIty in Engtand and WalÈ>' Charity No 1108335. and in Srotland: Chartty No SC038863 Company No 5294321 Th• Bthlth Pollo FeU(nthtp Annual Rem 2023 NATIONALCHAIRMAN'5 REPORT 2023 Thls ￿port covers the perfod L%tJanu3ry 2023 to 3tst December 2023 but￿11 addltlonalty Indudeotherpostyear end Inforrnatlon to complete the plcture of the Fellowship acti￿11*$. The year saw the country 8ettJtw bxk to nomial after $I￿ty comin8 Out of CoNid restrictions through 2021-2022 and we were atAe to BO back to having branch meetings and. of course. the Nation￿ Games and in person AGM. It has abo meant that the staff were able to resume a more nomial work pattern. Due to space restrlctlons In our Ilmlted oflke space the staff have contlnued to work partty from home and agaln I mu51 thank Ihem for the fle￿bIlIty they have shown in varwng their w(Ykin8 prartices to allow u5 to save on offKe overhead costs. The quality of service to our member5 has remalned consr5tently high throughout which Is a credlt to the staff. The trustees have contlnued to meet, rnaIn￿ on Zoom. whlch, althou8h not perfect, ha5 allowed us to malntaln regular Bohrd meetln8s wlthout the costs Invofved of havlng Irwrson meetln8s. Thls has also n*ant that we have been able to have re8ular commlttee meetln8S SO that we un keep m¢)vln8 on a number of prolerts wdlned In our Strate8y Report. If there is one good thlng that has come out of the Covld pandemlc It bs the Introdudlon of Zoom enablln8 US to hold meetln8s on a regular basls where the attendees are spread attoss the country. Flnan¢lal hlthlllhts As In prevlous years we started out In the expeclatlon th* our Income would not cover all our costs and that we would have to call on reserves to meet the dlfference. In practice the shortfall was met by le8ades and Improvements In the value of our Investmen¢ portfollo nelther of which can be guaranteed In future years. We dld however have the comfort of knowln8 we could call on the funds held by the wealthSer brand￿ whlth they have generous￿ agreed Could be shared lo asslst Central Offlce expendlture and to support the less well-off branches. I would like to take this opportunity to thank all the branthes and thelr officers for thelr support whith allows us to bu(*et for projects Into the futu￿. M•mb•r$ l am pleased to be able to report that the number of rnembers has started to rise which I hope is an indication that those members who dropped out when an annual lee was introduced can now see that the tnr5tees have been maklng malor change5 to the FellDwshlp and that we a￿ now on tsrBet io be financialty secure for a nurnber of years into the future. As we have now wlthdrawn the annual fee and only ask for a voluntary contribution from ihose that can afford IL I have been asked why we Continue to try to recruit more members. The answer 15 slmple- more rnembers glve u5 greater Influence wlth government, the NHS. 8rant rnaking charities etL For th￿ reason, l ask all our members to encoura8e anyone they know who has had polio to become a member. Durlng the year the trvstees started to conslder the structure and rule5 whlch appty to the branches as It Is felt they need to be updated to take Into account the aglng membershlp and dlfficultles many smaller branches have In appolntlng officers to run thelr branch. The last thin8the tru5tee5 want to See 15 brarKhe5 dosin8 merety for the lack of officers. We are tslkin8 to branch Offi￿rs indivldualty and through Zoom meetlngs askln8 wthat chaw theywould find helpful. The British Pollo Fellowthlp Company Ilo 52Y321 The British Pollo Fellowship Annual Rwt 2023 Staff I would Ilke to thank the staff for their ctsntinued hard work and acCeptI￿the need to work in a hybrkl environment. This cannot have been easy for them, but they have continue(I to work effectlvety and done all that has been asked of them. l extend to the team my heartfelt Ihanks a5 we ￿Ul￿ not operate wlthout them ortheir commltment to the Fellow5hlp. Trustees The Board members have Contlnued to work very hard during the year tackl1￿ a number of major changes needed as we take thè Fellowship Into the ne￿ decade. The work has been spllt between a number of SU￿rOupS wlih all trustees slitln8 on one or more of these bodies which meet on a regular basls. Much of ourwork revolves around the Future Strote8y Report whlch Is a IFvln8 document looklng at where we need to concentrate our efforts in the comlng years. Currenty we are workSnB on thange5 to the management of the branch finance5 to make these 51mpler for branch treasurers io cope with. the future of the Indoor Game5 and IncTeasln8 the level of membershlp. In addhlon, I wlll make partFcular meniion of the work Frances Qulnn has wt Into the Optlmal alnical Healthcare Pathway along wlth the Expert Panel. This Is a very Importani pkn of work and one whlch wlll benefit all pollo surylvors in the comln8 years. Flnally& I would Ilke to thank all the trustees for thelr support durln8 the yèar. Gordon Ri¢hard50n, MBE Natlonal Chalmian As I reflect on 2023, the word that come5 to mlnd15 Rolkrcoa5ter. The year was full of hlghs and lows. Through theyearwèsawthe passinBof manypojio lum5narleslncludln8our hard-workln8Ambassador Colln Powell. Long servln8 trustee Aldan Llnton-smlth. and valued volunteers Ilke Dave Glllis and John Haddock. I pay trlbute to all those that passed away throu8h the year and conlrlbuted durlng their Ilves to rnake the Fellowship what Itls today. We contlnued to work on implementin8 the 3wr strate8y and e¥erythln8 we dld was ernbedded In twng to achleve the alms of thls Ilvln8 document IM0￿ on this later In this reportl. Thefavourite part ofmy work Is meetlng you all and enga￿ngW6th the cornrnunbty l am dedl¢ated to serve. I dld this In a number of way5-. I continued to vlstl branthes and re8ions throuBh theyear and managed to speak to so many members at these events. Throu8h our Increasin8ty popular monthty Zoom cafes. Thb is a great way for Members to en8aBe wlth the BPF and other members from across the Country. The regular Zoom meetings with specific groups of member A hu8ely successfijl AGM In York and the everonloyable Natlonal lftdoor Game5 in L@icÈster. The pre-Launch of the Optirnal ainlcal Healthore Pathway eveni at the Wdsh A$5embty in Carthff. 21PaEe The Britlsh Pollo Fello¥nhtp C(xnpany No 5294321 The Brftlsh Pollo Follow5Np Annual Report 2023 In January 2023. we kld(ed off work on produclng the Optimal Oinlcal Healthcare Pathway for Polio Survivors. after the detalled prep work In 2022. This worked continued apace through the year and we finally managed to launth the docurnent In March 2024. It has been a huge honour to work on this project. The project entered phase 2 In 2024 $0 furthèr detslls wlll no doubt follow in next yearfs report. Trustee electlons took place in the summer of 2023. and we Saw the departure of Manol Soma from the Board and wamly welcomed Mick Harper as a ne4¥ Trustee. l am sure you wlll all Join me In thankin8 Manoj for servln8 on your board. l am very lucky to have such a 8reat group of trustees to work with who support the work of the Fellowship and ensure we contlnue to serve pollo survfvor5 In the best way we can. I would Ilke to thank all In the polio Community thal continue to support the work we do. I would also Ilke to thank all our Partners and supporters. wbthout whom our task would be much harder. 2024 ha5 al￿adY proven to be a busy year. and I look forward to reporting ¢Jn this next year. Thank you and yours in Fdlowship. Kripen Dhrona ORARY NAL TR RERS REPORT- H Our 2023 financlal perfornian¢e was muth Improved on 2022. large￿ due to 8alns In the value of our Investment portfolio. We chleved a reasonable operatlng surplusde5plte a defidt ¢)n the Natlonal Pro8ramme. whlth contlnues to remaln hl8hlydependent on legaLry income, whlch Is Inherently unpredlctable. In summary= Our Income of £497k was exceeded by our eyndlture of £618k by E121k. Investment 8aln5 of £126k contributed to the É4.5k surplus on the Natlonal Programme. Wlthtsut substantlal legacy Income of £222k. the plcture would have been muth less favourable. The Fellowshlp contlnues to have s*nlficant assets aval￿ble to deploy for the Bood of polio survlvor5. Alongslde central reserves of £0.4m, BPF had: deslgnated loc41 funds I'loan unlts, and local bank a¢countsl of É1.2m.' and strl¢ted funds of £0.5m. Both of these are currentty belng vsed at a verysfow rate whlle centralty pro¥lded seThlces remaln under pressure. As our Strate8V develops, the Board'5 alm ts to ensure thai these funds are used for ihe maxlmum benefit of members through p051tlve en8a8emenl wlth our muth-valued branch network. Terry Blackman The Brlllsh Pollo Fellow5hlp Company Ilo 5294321 Releren¢e & Admln15tratl¥e tletalls For the endlni 31 December 2023 The Brltlsh Pollo Fellowshlp Is the laryest d￿rIty Sn th• UK supportin8 people wlth pollo al￿ Port-Pollo Syndrome IPPS). We werè lOUnd￿ in 1939 by and for people who syr¥l¥ed pollo and C£￿tInUe to provlde InfOrniat￿ft and support to pwple wlth pollo and PPS. th•5r famllle5 and healthcare professlonalk Admlnlstratpdt detalls of The Brltlsh PollD Fellowship for the y￿r to 31 December 2023 were as follows: Re8lStered Company number 5294321 (England and Wales) CP House Otlerspool Way Watford WD25 8HR Registered charlty number 1108335 IEn8land and Wales) SC 038863 Iscotlandl Nallonal Gordon Richardson- National Chalr Jerry Hutthlnson- National Vlce Chalr TererKe Blackman (Terryl- Honordry Natkjnal Treasurer Dr Molro Andefson, OBE Ml¢hael Cassldy. COE Baroness F¢okes of Ptymouth DBE DL Hannah Gordon Jullafi P Harrlm 8S4 MS¢ MD. FRCP {Cambl Dr Robln Luff. M88S FRCP FRCS Bsc Prof Steve Sturm•n Mbth, FRCP UBH Jonathan Cavendlsh Rehrnan Chlshtl MP Rlch•rd Scud•more CBE Alex Nell Mark lsheThffj¢xl AM Dr Rosallnd Mlles Anum qals•r MP rTru Jdan Linton-Smlth- fill Sept 2022- Passed away In Jan 2023 Fran￿ Quinn nda Davis Archie Leyden Linda Eve Mlck Harper- From September 2023 Manolkanth Somasundaram (known as Manol Som•l- Tlll Sept 2023 Julla Roberts Anne Wafula Strlke James Crlsp Prof Gareth Wllllams, M4 M￿Cantabl, SCD. FRCPIEdlnl Himlsh Thompson Sarh Passln8ham Krlpen Dhrona Com Krlpen Dhron National Westmlnsler Bank PLC Head Office 21 Lothbury EC2P 2BP Azets Avdlt Servlces Llmited Ashcombe Court Woolsack Way Godalmin8 Surrey GU7 ILQ Solkltors Russelllooke 2 Putney Hlll Putney London SW15 6AB Investment Ma •r5 Chades Stanley & Co 25 Luke Street London ECZI 4AR Coryany No $294321 Forthe year endkn8 31 December 2023 Ad¥ls0ry IExp•rtl Panql The A(fvisorylExpert Pand members who served duri￿% the perlod are: Dr Ruth Brid8ens MSC, PhD Medlcal Sodolog15t Ms Alex Curtls CSP. BX Senlor Rehabllltatlon Phy51otheraplsL Lane Fox un￿ LorMI( Mrs Alison Farrugia Member. The ￿$h Polio Fellowship Or Marek Fabrowskn MRCPGMB ChB (Honsl Msc BA IHonsl Primary Care Doctor Dr Jullan Harrlss Bsc. MSG MD. FRCP (Camb) Consultant Lane Fox Unlt-chalr of the Panel Dr George Kassbanos MD, FACGP, FES LRCS. GP. 5pokesper50n on vacclnatlon for the DRCOG, LRCPS. LRCP. RCP5 RCGP Marla Potter Senlor Spedaltst Occupatlonal Therapl$L Lane Fox Unlt. Dr Frances Qulnn MSC PhD Trustee and Member. The British Pollo Fellowshlp Vktrthalr ofthe panel Dr Ros Sln¢lalr Msc, PGCE. MBA, D.Ed Chartered Psythologlst Prof Steve Sturman M8ChB (Honsl. FRCP Consuhant in Neurolc8y & Rehabllltatlon Mediclne, UBH, Blrmln8ham Mrs Glenna Tomlln Member, Pollo Survlvors Network Dr Slmon Shaw, BMBth (Oxonl Ma Ihonsl MRCPE MRCPCH FEBPRM Consultant Rehabllltatlon Physlclan. Lane Fox Unbt 51Page The Brlllsh Pullo Fellwohlp Ctynpany No 5294321 Report ofthe Trus¢ees Forthe year endlng 31 December 2023 The Trustees of The British Polio Fellowship present thelr report. together with the accounts for the year endln8 31 December 2023. This include5 the admlnlstratlve Information and Ilst of the tharivs Trustees set out on pa8e 2. Th• Constltutlon and (X)Jetts The Fellowship was fornied in 1939 under the name of the Infantlle Paraty5i5 Fellowshlp. The orl8lnal Trust Deed wa5 dated 29 January 1939, and an amended Trust Deed was approved on 17 April 1953. The Fellowshlp became IncOrp￿ated on 12 Maich 21>)5 and we are now Éovemed by our Artldes of Asso¢lation which werè reviewed and updated In March 2014 and agaln In September 2022. The Fellowshlp Is a reBiStered tharlty in EnyJand and Wales and aL%o re8iStered as a thailty In Scotland. Objeets for Publ1¢ Ben•fft It Is estlmated that there are many thousands of people In the UK who have had pollo. The objects of the company ore the rellef of persons who have had or may yet have polio and PPS or associated allments In partkular, but not excluslvefy by: asslstlng them to take thelr fvll Inie8rated part In the Itfe of the community,. offering help, advlce, inft)rmation, hollday accommodatson Ilf posslblel and support lfinandal or otheywlsel to such people resident in the UK: and Ibl NaLsln8 wlth slmllar groups worldwide to recefve and dlssemlnate Informatlon and expertlse. structslre, Gtyernanc• and Manaym•rt The Board con51sts of the Trustees of the Fdlowshlp. 8ecau5e of Incorporatlon. Tn￿tee5 are also Dlre¢tors of the cha￿table company. The Trustees, who meet at least six tomes a year, are elerted by a natlonal ballot and servè for a perlod of three years, at whlch polni they Stand down and can stan(J a8aln for another three-year term. After three terms a Trustee mltst stand down for at least one year before they can stsnd a8aln. Nomlnatlons for Trustees onty come from wlthin the membership of The Fellowship and our intention is that at least 75% of the 8oard should be people wtto have had pollo. Trustee tralnlng Is on-8olrk8, and Trustees have confimied thelr understsndln8 of the responsibilltles and the importance of thelr strate8ic role In the future well-beSng of the Fellowshlp. Followlng elections. Mlck Harper jolned the Board In September 2023. Terry 81ackman contlnues to be co-opted on è yearfy basb. 2023 MAIN PIIIORMES 2023 saw us contlnue to Implement the threevyear strate8y ayeed In 2022. M•ln Tasks In 2023 the Fellowshlp SOUBht to.. Work towards our Objecti￿ as laid out in the strate8v. Implernent the new team strurture. 5edng Matthew and Carol lake on mana8erlal role5 to support Krlpen and Dawn In thelr work. Ensure Krlpen as CEO ha5 the tools, he need5 to follow through on the Board Y￿10n. En8a8e wtth members, Ihrou8h In person events. Zoom events. and the enhanced communicatlon5 Indlcated above. Start work on the pro(iuttion of an Optimal Cllnkal Healihcare Pathway for people affected by Pollo. Continue to update our pollcles and wocedures. Ensure appropriate financlal management. Reatt to the on8oing cost of Ilvin8 (Tr￿5 and the chan8in8 macrLwnornic climate. Company No S294321 Repon ofiheTnstees l¢tyrtinued) Forth• year endSn8 31 Dtteml>er 2023 Maln achlevem•nts The Third SÈ¢tOT continued toface a diffrcult landscapeto work with through 2023and we are Proud to ha￿ continued to provlde robust and sustainable service to the polio commvnlty desplte thfis d￿lIefi8e. Our communieatlons are much more robust. and our events go from strength to strength. We contlnue to bultd on the strong element of Fellowship which saw the tha￿ty reathlts 85 anntversary In 2024. AIMS AND OBJEcfivES Our objectives remain unthanged. Our overall alm rs to enèblè membèrs to li￿ full. Indèpendent, and integrated lives. Kev fartors In this are support for the Region, Branch and Group network. a continued Support servi￿ helpline, our grants program. and Involvement In marketlng campaigns with partner organlsations to ralse awareness oflssues effectlng pollo survlvors, Ilves. rhls wlll be revlsed on a re8ular ￿15 to t￿Ure effectiveness and ￿11 be malnly measured throu8h feedback from member5hlp. Servlce5 offered are revlewed at Board meetiw. Through 2023 we set up a Cost of LNln8 action group whlch saw us support member5 better through the crisis and the IntrcfvJu¢tlon of 4 short term cost of Ilvin88rant to help polio suThlvors financlally ihat really needed thls extra support. CAMPAIGNING Oble¢tl¥e To carry out approprlate campalgns for the benefit of members and to maxlmb5e publlclty opportunltle5 to contlnue to ra15e the proflle of the Fellowshlp. Identify apwoprlate partb)ers to athleve ihis wlth. DEVELOPMEIIT Obsect￿e To ensure suffident funds are avallable for the Felbwship to reallse mlsslon and that membershlp Issues are dealt wlth efflclenly. MEMBERSHIP Oblertl¥e To provlde an efflclent and Umely response lo enqulrles and to support Indivldual members, Reglons, Branches and Groups In the provlslon of membershlp semces. SUPPORT SERVICESTEAM Obl•rtlv• To provide a hl8h quallty and acwlble Informatlon, weffare. and 5UPPOrt 5ervlce that meet5 the need5 of those who requlre It, HOLIDAY GRApirs Objectlve To provlde a valuable resource to members and 8roups of Members to enable them to have a gr￿d hollday In approprlate a¢comm¢)datlon at Jn affordable cost. HEATING GRAPIt5 We proactively ralse funds towards the heatin8 grants 5theme throuBh the Wlnter Warmth Appeal. Sue Brown wrote the appeal for 2023 and much thanks 8oe5 to all those who have donated enablln8 the Fellowshlp to award a grant of £250 to 80 members. This was a hlgher amount to match the amount of help others in the community are receivin8. 71Page The British Pollo F•llowshlp Company No 5294321 Report ofthe Truslees (contInU￿) For the endlry31 December 2023 5fRATEfjIC ALLIANCES ObJedi¥e To make meanln8fv1 links with natSonal and international OrBaniSat￿ns dealin8 With pollo and PPS, in¢ludln8 sharlng knowledge and expertlse. This task Is managed and handled by Central Office under the guidance of the CEO. We contlnue to develop links with Neurological AJlian¢es, other pollo organisations and others toward5 thls aim. EXPERT ADVISORY PANEL Objertlve The Board of Trustees reco8nisethe ValUa￿e work of the ExpertAdvlsory Panel. The Panel has contlnued to meet via Zoom slnce the Covld-19 pandemic and mèets 4 times a year. Thework ofthe Panel Indudes ongolng rtwiew ofthe factsheets, revlewlng anv members questionsthatthecurrent literature doesnotcover, supportln8 BPFon NHSsystem5 Consu￿allOnS and workingtowards supportlng the strategy of The Fellow5hlp. The work of the Support Servlces team Is a core fvndamental servlo offered to members and our staff deal wlth a myrSad of dlfferent bssues via phone and emall. These include.. eeneflts advl¢e. Llvlng wlth the late effects of pollo and PP& Dlsablllty Issuès. Problems wlth ortholiu. Travellin8 problems and Blue Badge Issues. RaSsSn8 awareness arnon8St the medlcal communlty. Sourcln8 produrt5 Such as mobllity alds. Mental and health wellWng. Another core funrtlon of ihe departmentls to admlnLsteT welfare grant payments. 22 moblllty grants were in 2023 totslllng £11,423 Irom the Roosevelt Memorial Fund. However. the Board confirmed thei wsh to see Ihls fund more widely promoted In the Bulletln. The Trustees have pernilsslon from the Charity Commlsslon to use the fund for a wlder purpose. The Support Servlces team has two fvll tlmè members and is sUPPOrted by the Operatlons Manager and the CEO. Admin support Is provlded by the cross-departmental adrnlnlstrator, but everyone In the organlsatton help5 the Support Services team as needed. The phone lines cont5nue to operate belween the hours of 10(fj- 15fQ as Introduced In May 2018. Thls rnean5 that the teams have enou8h tlrne to follow up any queries and work ￿ultIng from members emallln8 and callin8 in. 2. Mem As of tst january 2023. it was agreed that membershlp would noi explre each year and thal members would be asked to renew yearly. wlth the choice of a voluntary fee. ft*r the purpose of keepln8 our records up to date. Membershlp on 31 De￿mber 2022.. Membership on 31 December 2023.. 2,813 Membershlp remains ¥ttal to the fellowshlp and is a key strate8lc goal. It is important we can report to funders and deosion makers In8overnrnent and health andsodal caresystems that we are avoicefor polio survivow5. We will contlnueto work towards Increasln8 Membership to ensure that we can reflect the polio community in the UK. Company Plo 5294321 Report of the Trustees Ici)ntinuedl For the year end1￿ 31 Dacember 2023 A core part of our annual expenditure and costs are mèt by very generous donatiM5 from Trusts and fouNlatlons. In 2023 these amounted to £20,350. We must bear in mind that we onty have one team member Isupported by the CEO) workinB Part time on this sort of fvndraising activitv. The followln8 trnsts and or8anisations supported the work of The *itish Polio Fellowshlp %wth very 8eneTOUS 8rants: The Florence Turner Trust The Slater Trust The Lodge of Hope The Sellg Charitable Trust Raymond Shaw Charitsble Trusl The Hospital Saturday Fund WUG Folkstone The John and Ruth Howard Cha￿table Trust Nestle Rowntree Employee5 Communfty Fund The Walter Guinness Charltable T￿￿t D'oyly Carte Charltable Trust The lulla Mary Wood CharStableTrust The Ardwlck Tr4rst Mlss W E Lawrence Trust Bruce Wake Charitable Trust Gan20nl Charitablè Trust A N McKe¢hnle Foundatlon The Aest Harrow Trust The Hu88ard Charltable Trust The Christopher Laln8 Foundatk*n The Helianthus Charltable Trust The Potel CharStable Trust Slr John Eastwood Foundatk)n Anne Jane Green Trust The Knoll Charitablè Trust The Hug8ard Charltable Trust We cannot thank these or8anlsatlons enouth for the support arKI help thry provide. Le8ary Income saw a small décrease In 2023 to £222k from £235k in 2022. The Board of Tru5tee5 {wlth the Guldance of the Flnance Manager and National Treasurer) continue to take a prudent approath to bud8etin8 for legacy Income as thls can be a very unpredlttable source of Income and in many cases. there is a 5i8nificant delay between notification of a potentfial le8acy and the artual re¢eipt of funds. This period of time can vary va5tty dependi￿ on the temis of the legacy and how the probate proceeds. 91page The Britlsh Pollo Fellowshlp Company No 5294321 For the year eNllng31 De¢ember 2023 We managed to undertake some marketin8 and campai8nln& the work in thls area wlll contlnue to be deweloped ihrough 2023 and beyond. Includln8.' Contlnual updating of the web51te. Maintaining a presen￿ on sodal medla- ensurin8 we contlnue to actfvety post on a reBular basis. Supportlng and Bettln8 involved with thlrd party events such as wlth Rotary, Sarthak and Strike a Ll8ht, Play Badminton Club and others. Workln8 Wlth partners to promote activftysuch as en8a&ng with WheelPower to promote the reslstance band scheme. Promoiion and takin8 part In the ASICS London IOK. The Bulletln contlnues to serve a dual purpose, to 5UPPOrt rnarketing work and to be a vehicle for member communications. Worklng with health or8anlsatlons to ralse aWa￿nesS. suth as provldlnaconsultatton on a tralnlr8 module for beneflts ad￿Sor9. and InputtinB on VaTIou5 NICE Guldellne5. The development of monthly member email updates has proved to be popular. The monthly Zoom cafés are another way to contlnue to en8a8e rnember5. Asjvocatlng for better disabled toilet facllltles across the UK. As stated above the Expert Panel contlnues to support the work of the Fellowshlp arKI the work completed on the factsheets15 a cruclal resource for the pollo communlty In helpln8 them to better managè thelr condltlon. It Is evldent when hearln8 from the membershlp that thei value the wty* of the Panel. The knowledge and under$tsndln8 of pollo and PPS In the medlcal communhy needs to be better and en5urlw ihls Improves Shou￿ form a crudal part of the forward- looklng straieey. The work on the Optlmal Cllnl¢31 Healthcare Pathway wlll hopefully enable this lo happen. 7. Holld The lo￿ runnln8 Ron Scudamore Hollday Programme contlnues to be a popular member benefi¢ provhllng Infofmatlon on travel-related matters and ena￿1n8 people to 80 on holldays th* otherwise they woukl not have been able to take. Durin8 the year, Central office awarded grants to 38 individual members totallin8 £11,225. This is hi8her than 2022 a5 more people continue to develop ihe confidence tQ80 on holklay follovlngthe lockdown In theeady 202trs. The FÈllow5hlp remalns extremely 8rateful to the Scudarnore famlly for thelr support and fvndlng. Throu8h 2023 we Stru88led to find the ri8hl candidate to fill the Cornmunity En8a8ement and Wellbeing Officer role. Towards the end of the year, we promoted tharlotte McDonaBh to the Tole and her new duties started in January 2024. A new admlnlstrator was appointed to start at the same tlme. Our approach to remuneratlon Is designed to make sure we attract and reraln the taknted motNated peopbe we need to athieve our misslon and deliver our strateglc 8oa15. The full Board functions as the Fellowship's Remuneration Commlttee. Includlng revlew of the remuneratlon of kty management personnel. The board approved an Infiatlonary pay rtse that took effert In January 2024. IOIPage The Britlsh Pollo Fellry•fihlp No 5294321 Report of the Trustees {contlnued) Forthe *Tar •ndln8 31 December 2023 9. Brnnth•s In addltlon to the valuable work of Central off￿e. the work of the Fdlowshlp on the ￿OUnd Is Carr1￿ out by our Region5, 8ranche5 and Groups, of whlth there are over 50. The Fellowship reco8nises the valuable contribution made by the rnany hundreds of volunteerswho work in its Re8ions. Branches and Groups, wlthoutwhom the Fellowship would not be able to dellver its services. Wbth Increasing age. dlsablllty. and the onset of PPS. It Is becomln8 ever more difficult for voluntsers to maintain our local structure. The or8anlsation recognise5 that in order to support its agein8 membershSp. Cha￿e$ are needed, and we alm to addres5 thls throu8h our strategic re4lew (see Section 11 bdowl. We will contlnue to support our members as we develop our servlces and launch new Branches and Groups. 10. Rl The Trustees contlnue io take a pro-actfve approach in terms of and contlnue to remaln prndent in thelf approach to all matters flnanclal. This approach15 taken wlth any new contracts si8ned and all expen5e5 are contlnually re￿eWed to ensure best value for rnoney. With no fixed assets for the or8anisation io rety on. the need to ensure sufficlent WDrkln8 capital remalns fundamental for the future. The Fellowshlp plans for 2024 are connected to the Implementatlon of the Strate￿ whlch was approved a5 a IMn8 document at the AGM in 2022. The four Cofe wothn8 y¢)ups continue to Implement thbs document. Improvlng Communlcatlons People Istakeholdeisl Flnanclal Resources Outreach & Health and Wellbelng WorkJn8 8roups Indudln8 Staff and trustee5 have been set up for each of ihe above theme5 and the followln8 plans refieet the work of these groups. Two cross cuttln8 groups have also been set up. The Mem￿TshIP worklnggroup wlll prlmarlly look at membershlp ￿tentIon and Recrultrnent matters. The Optlmal aintcal Pathway Prolect workln88roup will work to launth distribute the pathway. The plans for 2024 include the followln8: Continue to review the BPF processes to Identlfy ￿tter wtys of worklng. The ImplementatSon of a new phone system that supports our hybrld working method5. Ensuring the Pathway 15 launched, and plans put In place for distribution ar￿ adoptlon. Addresslng opttons for National events to ensure they reath more members. Celebrate 85 years of The British Pollo Fellowshlp primalty through supportlng the 8ranth and Region network. Seeln8 the start of the work of the Communlty En8a8ement and Wellbein8 Offi¢er and identify key priorltles for thls role. Workln8 towards 8ettln8 the strategy for 202>2028 approved al the AGM In 2024. IIIPage Company No $294321 Report ofthe Trustees l¢tyrtinued? For the year endi￿ 31 cle￿rnber Z023 12. Fln•ncial Re¥1 Our In¢ome in 2023 was £497k and our costs am￿nted to £618L whlch resulted In an operatlnB deficit of £121k, although the overall performan¢e ofthe National ProBrarnme was a surplus of £4.Sk dve to Investments rose by £126k. Thefall in the value of investments during 2022 was somewhat recovered In 2023. We contlnue to remaln dep￿￿ent on unpredlrtable legacy payments, which amounted to £222k in 2023, to support the Natit)nal Programme. The Trustees haveadoptÈd a polky re8aTdlng re5eThes In accordancewithguldellnes Issued by thecharlty CommlssSon. The polky ensures that we are able to meet all our current and fvture liabilities and Is re¥lewed periodically bythe Board of Trustees. As we are so dependent on legacles It is considered that the level of reserves need5 to be adequate to malntaln ￿re artlvlties and thls should not fall below 12 months, operatln8 Costs Ibeln8 apwoxlmately £5￿.(￿}. Total fvnds held as at 31 December 2023 were £2.210,41812022: £2,205.9331 of whlth £504.09112022: £475.6151 was ￿triCted. 14. Inv The 8oard agreed an updated In¥e5tment Polky In February 2021. In summary: The Fellow5hlp has approxlmately £2.2m of reserves for Investment. These conslst of desl8nated funds of c. £1.2m In the form of pooled 'loan unlts, of funds that have been collected by local 8roups. and É0.5m of re5tr1cted fvnds. The malorlty of these are Invèsted for the long-term to grow at least In line wlth Inflatlon. wlth a Small element of 5hort- tèrm reserves whlch are invested emphaslsln8 certalnty of value. The Fellowship seeks to produce the best finandal return wlthin an aC￿table level of rlsk. The Investment objertlve for the long-term reserves Is to generate a retum in excess of inflatlon over the ID￿-terM whllst 8eneratlng an Income to support the on*oin8 actMtle5 of The British Polio Fellowshlp. The Investment oble¢tlve for the shm-term reserves Is to preserve the capltal value wlth a mlnlmum level of rlsk. A55et5 should be readily avallable to meet unanticipated cash flow requlrements. Trustees have had Ihe beneflt of presentstlons by our stockbrokers and have re-examined our level of rlsk and strategy. They are content that the medlum rlsk on a balanced portlollo is stlll the torrect approath even in the current uncertaln flnanclal cllmate. The dlvldend Income generated ts used to produce Ilnanclal returns for the charity. st••s' res The Trustees (who are also Directors of The BrltL4h Pollo Fellowshlp for the purposes of company lawl arÈ responsible for preparfn8the Tru5tees' Annual Report lincludingthe Strate8ic Report) arml the Financial Statements in 4¢¢ordancewlth appli¢able law and United Klngdom Accountlng Standards Iuntted Kingdom Gerthlly A¢¢epted Accountlng Pra￿l¢e1. Cornpany law requ1￿$ the Trustees to prepare frnancial statements for eath finandal year. whlch give a true and falr vlew of the state of affairs of the tharitsble company and of the Sncomln8 resources and application of resources, Indudin8 the Income and expendlture. of the charitable company for that peflod. In prepar1￿¥ these flnantial statements, the Trustees are Tequlred to: Select 5ultable accounting policies and then appty thern consIstent￿. observe the methods and prindples In the Charities SORP 2019 IFRS 102}: make judgements and estimates that are reasonable and prudent; state whether applicable UK Accountlng Standards have been fdlowed. subject to any material departures di5dosed and explained In the financlal stater￿nts. and prepare the financial statements on the 8oin8 Con￿rn basis unless it Is Inapproprlate to prèsume that the charttable company will continue in operation. 121Page Ilwt of theTnJstees {c(vthued the ￿aff endlry 31 De(•mbv 20 The Trustees are re5mlble for keepJn8 adequate accountin8 records that di5dose with reasonable aCCUTW at any tlme the flnanclol posltlon of the charitable Company and enable them to ensure thatthefinancial statements comply woth the Companles Act 2CQ6. the Charltjes and Trustee Investment (sco￿and) Act 2(lJ5 and the Charltles Accounts {Scotlandl Re8ulatlons 2(hJ6 las amended). They arealso responsiblefor safeguardingthe assets of the d*ritable compwand henCeforta￿ngreaSOnab1eSteps for the preven￿On and detett5on of fraud and other lff4ularttks. ITr so far as the Trustees aware.. there Is no relevant audlt Inforn￿tiOn of which tharltsble comparf5 audltot Is unaware,. and the Trustees have taken all 5tep5 that they oU￿t to have taken to make themsel4es aware of any relevant audlt tnforniatlon and to establlsh that the auditor 15 aware of tt)at Infornmtion. The TrLt5tee5 are responslble for the malntenance and Integrlty of the corporèts and flnanclal Inforniatlon Induded on the eharltable companvs webslte. Le8Lslatlon in the Unlted Klngdom 8iyiemln8 the preparatlon and dlssemlnatlon of financlal statements may dlffer from le8lslation In otherJurlsdlcUons. The Trustees conllmi that they have complled whh thelr duty io have due re8ard to the 8ufd•r*ce on publlc benefft publJs1￿d by the Charlty CommlssSon In exerdsln8 thelr powers or dutles. Tr* publk of the c￿11￿¥$ actlvltles Is outllned under 'Obleafves for publlc benefiv ab￿. Gordon Rlchardson Natlonal Chalrman te... 21108/2024 131Page Company Ilo 5294321 IndependentAudltorfs Report to the Membe The Brltlsh Pollo Fello*3hlp Oplnlon We have audlted the financlal statements of The Britlsh Pollo Fello1￿hIp (the 'charitabbe compan*) for the year ended 31 December 2023 which comprise the Statement of Finoncial Activitie5. Balance Sheet. Statement of Cash Flows. and Notes to the Flnancial Staternents. Including slgnificant accountin8 poIKies. The finandal reportlng framework that has been applled in thelr preparation 15 appllcable law and United KlnBdom Accounting Standards, including Finanaal Reportlng standard 102 The Financial Reportln8 Standard ap￿icable in the UK and Repubfic of Ireland Iunlted KJngdom Generalty Accepted Ac￿untIng PrartScel. In our opinion the flnanclal statements.. ive a true and fair view of the state of the Charitable companvs affalrs as at 31 December 2023, and of Its Incomln8 resources and appllcatlon of resources. induding its Income and expendlture, for the year then ended: have been properly prepared In accordance with United Kingdom Generally Accepted Accountln8 Practice.. and have been prepared in accordan￿ with the requlrements of the Companles Art 2006, the Charlties and Trustee Investment (Scotlandl Act 2005 and regulatlons 6 and 8 of the Charities Account5 Iscotlandl Regulations 2006. Basls lor oplnlon We conducted our audlt In a￿Or￿anCe wlth Internatlonal Stsndards on Audltlng IUKI IrsAs IUKII and appllcable law. Our responslbilliies under those stsndards are further desulbed In ihe audltor responslbilities for the audlt of the flnancial statement5 sectlon of our report. We are independent of the charltable company In a¢¢ordance wlth the ethlcal requlrements that are ielevant to our audit of the finandal statements In the UK, Includlng the FRCS Ethital Standard, and we have fulfllled our other ethical respon5Ibilities in aC￿rdance wlth these requSrements. We belleve that the audlt evIde￿e we have obtalned 15 sufficlent and approprfate to pr￿Ide a basts for our oplnlon. Conclu51ons r•latlni to ￿nI con¢em In audltlng the flnancial statements. we h￿e concluded that the Trustees, use of the 8oln8 concern ba515 of accountlnB In the preparatlon of the financlal statementsls approprlate. Based on the work we have ￿rIOrmed. we have not Identlfled any material uncertalndes relatlng to events or condltlons that, Sndlvldually or collettlvelyi may cast siBnificant doubt on the charitable company's abllity to ￿ntInue as a 8olng concern for a perlod of at least twel￿ months from when the fftnandal ststements are authorlsed for Imue. Our responslbllltles and the re5ponslbllltles of the Trustee5 wlth respect to 8oln8 c¢ncern are descrlbed In the relevant sectlons of ihls report. Oth•r Inform*tlon The other Information comprlses the Information Induded in the Trustees Annual Report, other than the financlal staiements and our audltorfs report thereon. The Trustees are responsible for the other Information contained wlthin the annual report. Our oplnlon on the flnandal statements does not cover the other informatTron and, except to the extent otherwlse expl1¢￿ stated in our report, we do not express any form of assurance condusion thereon. Our fesponslblllty is to read the other informatlon and, In doing so, consider whether the other Infom)aiion is materlally inconslstent ￿th the financial statements, or our knowledge obtalned In the course of the audft or otherwise appears to be materialty rni55tèted. If we identify such materlal inconsi5tende5 or apparent material misstatements, we are required to detemline whether thls glves rise to a material misstatement in the finanaal statements themsdves. If. based on the work we have perfomied. we condude that there 15 a materlal misststement of thls other infomiati¢)n. we are requlred to report that fact. We have nothing to report In this regard. Oplnlons on other matter5 prexrll>ed by the Companle5 Act 2006 In our oplnlon, based on thè work undertaken In the course of the audlt: the information given in the Trustee5' report Ilncorporatlng the thrertors, reportl for the ftnanclal year for which the flnanclal statements are prepared is conslstent with the finanaal statements; arKd the Directors, report has been prepared in aC￿rdance th applicable legal requiremènts. 141Pa8e Company No 5294321 Indepwdent A￿lIt0￿5 Rqyt to the m￿berS The Brlllth Polk¥ Fel1ry￿hIP Matters on whlch we are requlred to report byexceptlon In the Ilght of the knowledge and understandln8 of the charitable company and Its envlronment obtslned in the course of the audlL we have not identSfied material misstaiements in the strategic report and the D￿ectOrs, report. We have nothing to report In respect of the following matters in relation to whlch the Companles Art 2LI)6 and the Charlties Accounts (Scotlandl Re8ulations 2(X16 requires us to report to you if. in our opinbon: adequate accoundng re￿rIts have not been kept. or returns adequate for our audit have not been rece￿ed from branches not v151ted by us: or the financial statements are not in a8reement wilh the accountir6 records and returrts; or certaln d15closures of Dlrector5' remuneratlon 5peclned by law are not made: or we have not re￿1Ve￿ all the information and explanations we require for our audit,. or the Trustees were not entitled to prepare the financial statements in accordance wlth the small companles, reglme and take advantage of the small companle< exemptlons In preparlng the Dlrectors, report and from the requlrement to prepare a strateglc report. R•5pon51bllhl•s of Trustee5 As explalned more fully In the Tru5tees' respon51bSlltles statement Sel out on page 13, the Trustees Iwho are also the Dlrectors of the charitable company for the purposes of company lawl are responsiblefor the Preparatlon of the financlal statements and for belng sotlsfied that they 8l¥e a true and falr vlew. and for $u¢h Internal control as the Trustees determine is ne¢essary to enable the pieparatlon of financial ststements that are free from materlal misstatemen¢ whether due to fraud or error. In preparfnB the fbnandal 5tatemenis, the Trustees are respon51ble for a$5essln8 ihe charltab￿ companVs ablllty io contlnue as a golng concern, d15tlosln& as applicablÈ, matters related to going concèrn and uslng the 8olng concern basls of aetountlng unless the Trustees either inlend to Ilquldate the tharitable company or to cease operatlons, or have no reallstlc alternatNe but to do so, Audltor resp0n51b1ll￿$fQrthV audlt of t1￿ Iln•nthl st•lqm We have been appolnted a5 auditor under the Companles Acl 2(￿ and under sertion 44llllcl of the Charltles and TrustÈe Investment Iscotlandl Act 2005 and report In accordan￿ wllh re8ulatlons made under tl)ose Acis. Our objectlves are to obtain rèaSona￿e assuran￿ about whether the flnanclal statements as a whole are free from mateiSal mlsstatemenL whether due to fraud or error, and to Issue an audltorf5 report that Includes our oplnlon. Reason?ble assurance Is a hl8h level of assurance but Is not a 8uarantee that an audit ￿ndUcted In aCcOrdar￿ wlth I￿ IUKI wlll always detect material misstatement when It exlsts. Misstatements can arise from fraud or error and are consklered materlal If, Individually or In the aggregate, they could reasonably be eycted to Influence the economlc ded5ksns of users taken on the basbs of these nnandal Statements. A further de5crlption of our responsibiliiles ts avallable on the FAC'S webslte at: htt ran n-of-the-auditor%E2 This de5crlptlon forms part of our audltorfs report. .frc.or dl Extènt to whlth the audtt was eonsldtred ￿￿ble ofddeCtI￿ Irre￿larIt￿& ￿dud1￿1r￿d ITregularf(ies, includlng fraud. are Instance5 of nonv•in•nt In funds 1233.4921 136.8241 1270.3161 Fund balances broutht forw¥d •¢ l January 2022 1,963,810 512.439 2.476,249 Fund b•l*nces carrled toN8rd at 31 D•¢ember 2022 1.730,318 475,615 2,205.933 181Page th•rTty 2013 Ch•rlty Flx•d As*ts Tan8lble Assets Investments 11,056 1.683.432 1,694A88 12.745 1.561.307 1.574.052 CurrentAss• Debtors Short term deposits Cash at bank and In hand 59.742 121985 393.169 575.WJ6 48,047 90,634 577,068 715.749 15 Cr•dltm: Amovnts du• whhln on• year N•t Curr•nt As*•ts 515.930 631,882 Totsi l•¥ wrrert lknbllftks 1210.418 2.205,933 Net Ass•ts 2 205 933 Funds Unrestrfcted Restrlcted Totsi Funds 19 1,706,327 1.730.318 475 615 2 205 933 2.210 418 2110812024 Approv•d bythe Bo•rd Ind 4￿h￿&•d lof Issu• on._-_--_ 6tydon Rlth•rdwn, Natlonal 191Page The Brfthh Polk+ Fello¥tshlp Company Ilo 5294321 forthe Year Ended 31 De￿mber 2023 Notss 2022 sh flows from operatln8 a¢tMEI Net Inc¢rnellexpenditure for the reportin8 period as per 5taternent of financial artlvltles 1270.317) Adjustrnent for: Deprecbatlon charges IProfrtllLoss on disposal of fixe(l assets Dlvldends, interest and rents from Investments Ilncreasel/decrease In debtors IDecieasellin¢rease in creditors Net cash prwlded by oper¥tkn8 •¢tl¥ld 12 3,927 1126.2501 149,541} 111.6961 {23,9011 202.9761 3.480 281,1 144,6381 24,355 15,457 9,527 Cash Ilows from In¥estln8 •cllvltl•s". Dlvldends. interest and rents from Investments Puichase of property, plant and equlpment Proceeds from sale of investments Purchase of investments Mtt cash provlded by lus•d In) Inw•5tlry acilyltles 49,541 12,2381 111,770 1107.6451 51,428 44,638 114,1981 95,293 86,6651 39,068 Chawe kn (alh and ¢•th •4ulv•l•nts In th• r•wtlni yr5od 115L5481 48,595 C•sh and ash •qufv•lants at the be8lnnlni ofth• th• r•portln8 perlod 619 107 Cash and ¢•sh equhalents ￿ the end ofthe reportSng Peflod 15 516,154 667.702 20IPage The Brllbh PolEo Fellowshlp Comp•ny No S2￿21 Not•5 to the Fknandal Statements for the ￿ar ernled 31 Decem￿ 202> Prlndpal Accountlng Polldes 1.1 General Informatlon and basls of preparallon The British Pollo Fellowship 15 a company limited by guarantee, incorporated In England. the address of the re8iStered office Is 8iven Sn the charity Information on page 4 of these financial statements. The nature of the charStfs operatlons and prlnelpal activities are set out in the Report of the Trustees. The charltyconstltutes a puNlc benefit enirty as defined by FRS 102. The finanaal State￿￿nts have been prepa￿￿ In accordance wbth Accountlng and Reportin8 by Charitles: Statement of Recommended Practice ap￿Kable to charltles preparln8 thelr accounts In accordance wlth the Finanaal ReportiNd Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019, the Charities Act 2011. thè Charlties and Trustee InvÈstmÈnt Istotiandl Art 2￿5, the tharitie5 Accounts (Scotlandl Regulatlons 2Cth, the Companles Act 2(￿￿ and UK GeneraltyAccepted Practbce. Thefinanclal statements are prepared on a 8o1n8c0n￿rn bas15 underthe hlstorbcal cost convention, modlfied to Indude certaln items at fair value. The slgnlflcant ac¢ounlln8 poll¢les applied in the preparaUon uf these flnandal statements are set out below. These pollcles have been conslstently ap￿led to all year5 presented unles5 Otherwlse Stated. 1.2 Brnnd*$ The Fellowshlp has $3 re8lonal groups and brand￿ throughout the Unlteil Klngdom. All branches are unlnwrporated entktle5 and operate under the authorlty ofthe Board of Trustees. Branth COMMItte￿ determlne thelr own k¥el of expendlture subject to the followln8 Ilmlts, above whlth the approval of the Board of Trustees Is requlred- In respect of welfare on any one person In any one year: £5￿(£350 for a holhjay grant): and for any other oblecl OT prolert In any one year: £L%Th). 1.3 Funds Unrestrlcted funds are general accumulated funds avallable to the Fellowship for Its general purp05e5 and Include fvnds deslBnated by the Fellowshlp for a partI￿lar purpose. the use of such fvr#ts remain4￿ at the dt5cretlon of the Fellowshlp's Offi￿r$ and Trustees. Desl8nated funds are unrestrlcted fund5 that the Trustees w15h lo set aslde for a speclflc purpose. The value and use of the designated fund5 Is determSned by the Board of Trustees. Once the speclflc purpose of the deslgnaied funds has been me( the Trustees wlll then transfer any remalnln8 fvnds back to the unresirkted fvnd. Restricted funds are funds subjert to conditions imposed by the donor or by the specific term5 of the appeal under whlch the funds were raised. The restrirtive conditions are bindin8 upon the Trustees of the Fellowship. IA Income All incomlng resource5 are IrKluded In the Statement of Fknandal Art1¥￿￿ ISOFAI when the tharity is legally entitled to the Sncome after any performance conditions have been rnet. the arnount can be measured reliably and it is probable that the Income will be ￿￿1Ved. For donations to be recognised the thartty wlll have been notlfied of the amounts and the settlement date In wrltlng. If there are condltlons attached to the donatSon and thls requires a level of perfomiance before entitlement can be obtained then Income is deferred until those conditions are fully mèt or the fulfilment of those condI￿On$ is within the corbtrol of the charlty and11 is probable that they wlll be fvffilled. The Brltlsh Pollo Fellow5hlp Ilolosto the Flnan¢ial Stalem IA Income Icontlnu•d} For le8a(re5, entltlement Is the earlier of the charity being notified of an Impendin8 distribUt￿n or the le8aLy bein8 receNed. At thls polnt income Is ￿c06n1Sed. On occaslon le8aaes will be notllled to the tharity however it Is not posslble to measure the amount experted to be dIstrIb￿ed. Income from tradingartlvlties Indude5 Income eamed from fvndraisingeventsand tradln8 aCti¥itie5 to ralse funds for the tharlty. Income b5 rttelved In exchange for 5upplyln8 goods arKI services In order to ralse funds and is reco8nlsed when entltiement has occurred. Investment Income Is earned throu8h holdlng assets for Investment purposes suth a5 shares and property. It includes dividend5, Interest and rent. Interest income is recognised using the effectbve interest method and dividend and rent In¢orne Is recognlsed a5 the charltvs rlght to receive payment Is estat￿l$hÈd. No amount15 Included In the Ilnanclal ststements for volunteer tlme in Ilne wilh the SORP IFRS 1021. Income from endowment fund5 15 recognlsed as restrftted intome. 1.5 Expfjndh￿ All expendlture Is accounted for on an acttua15 basis and ha$ been clas5ffied under headin8$ that 48rwte all costs ￿lated to the category. Expendrture 1$ reco8n15ed where there is a le8al or construdfve obli8atlon to make payynents to thlrd partle5, It Ss probable that the settlement will be requlred and the amount of the obllgatlon can be measured rellably. It Is categorised under the followln8 headin8S'. Costs ol r•lslni fvnds irKludes those costs incurred In attractln8 voluntary Income and those Inojrred In mana8ln8 the charity's Investmenis. Expendltur¢ on ¢haAtable 4Lthrftl•s Sncludes those costs Incurred by the charty in the dellvery of Its actlvitles and prolects. Welfare Brants are awarded followin8 a55essrnent of Indlvldual needs of those affected by pollo. Irrecoverable VAT Is Induded wlthin support Costs unless material In whlth case It ts char8ed a8alnst the expense to whlch It relates. 1.6 Support cort allO￿tIon Support costs are those that asslst the work of the ¢harlty but do not dlrealy represent charRable actlvltles and Include offlce sts, 8overn3nce costs, and admlnistraifve payroll costs. They are Incurred dlrectly in support of ￿PendItuTe on the objects of the charlty and include project mana8ement carrled out at Headquarter5. Where support ￿$ts cannot be dlrectly attributed to partlcular headlngs. they have been allocated to costs of raisin8 fvnds and expenditure on charitable actlvities on a basls conslstent wlth use of the resources. 1.7 T•nolbl• Flxed Assats The cost of tanglble fixed a55ets Is thelr purchase cost or value at the date of acqulsltlon together with any incldental cost of acqu5sltlon. The cost of tanglble fixed assets exdUdI￿ freehold Propert￿ is written off ovef their estimated useful lfves havin8 reBard to thelr resldual values. The prlndpal annual deP￿at10ft rates are based on= Fixture5, ffttin85 & equipment 20X ofcost 221 Page Cryny No 5294321 Note5 to the Flmnthl St•tements lorthe par •nd•d 31 December 2023 IA Investments Investments are recognised initially at falr value vthlch is nomially the transartlon prl¢e excludlng transattion costs. Subsequently, they are measured at fair value wbth changes reco8nlsed in'net 8alns I Ilossesl on investments, in the SOFA if the share5 are publicly traded or iheir faif Wdlue can otherwise be measured reliabfy- 1.9 Operatl•)g Leoses Rentals payable under operatln8 lease5 are tharged agalnst Income on a straI￿t4[ne basls over the lease term. 1.10 Debtors and ueditors recelvabl• I payabl• wlthln one year Debtors and credltors wlth no stsied Interest rate and receivable or payable wlthln one year are recorded at transartlon prfce. Any1055es arlslng from SmpaSrment are reco8nlsed In expendlture. 1.11 GOI￿ concern The flnanclal Statements have be￿ prepared on a golng concern bas15 a5 the T￿￿tee5 belleve that no materlal uncertslntles exlst. The Trustees have consldered the level of funds held and the expected level of irKome and expendItU￿ for 12 months frorn authorislng these financial statements. The budgeted Income and expendlture Is sufficient. combined with the level of reserves for the charlty to be able to contlnue as a 8oln8 concern 1.12 Cash and cash equlwlents Cash and cash equivalents are bask financial assets and include cash In harml. deposits held at call wlth banks, other short-term Ilquid investments with original maturltles of three months or less. and bank overdrafts. Bank overdrafts are shown wlihln borrowln8s in current liabllltle5. 1.13 Crttlul a¢¢ountlni jUd￿Ments and key sources ol esllmatlon uncertalnty In the applScation of the ¢harlty'5 accountin8pollcles, whlth are descrlbed above, theTrustees are reqUIr￿ to makeludgements, estlmates and assumptions re8ardin8 the Ca￿n8 amount of assets and IlabllltSes that are not read1￿ apparent from other urces. The I￿lOw1n8 are ultlcal jud8ements that the Trustees have made In the process of apptyln8 the compan¥5 accountTrng pollcles nd that have most effert on the amounts reco8nised In the flnandal ststements: staff costs are allocated based on whlch department the employee works in between costs of raising funds and expendllure on charitable artlvltles. However, two members of stsff work in both areas and therefore the costs for ihese employees were apportSoned based on in e5tim3tion of ttme spent on each actlvlty. Grnnts P¥ld Charitable expendlture amountlng to £547,75212022.. £449,CWI shown in noie 9 Includes a88re8att grants pald of £48.048 12022: £36,816) to Indlviduats. These 8rants are 811 approved In accordan￿ wtth Natlonal Guldelines and cover such dlverse needs as dlsablllty alds, healing graftts, powere¢J wheelthairs, adaptstions ai home. car dep051ts and car adaptatlon5 and 5peclalised cloihin8 and footwear. They rnake a ma55ive and enablin8 difference to our members and others ￿th pollo. 231Page The Brftith Polk¥ Fellavfihlp COMP￿ No 5294321 forthe ￿ar ended 31 December 2023 3 Grant CommTtments There are no commltments to pay grdnts not otherwise included in these finandal statements. 4 R•l*•d party transacUons and trustMs' expenses There were nlne Charity Trustees durlng the finanaal period. All but two Trustees are people with pollo, thelr abllity to travel Is 8reatly hampered and therèfore in the majorlty of casÈs, Ix>ard meetin8s are held by vldeo conference call. Tru5tee5 were reimbursed for travdlin8 and hotel expenses amountin8 to £O12022- £591. No remuneratlon was paid to any trustee nor any person Connected to them in the year. Unrestrkted Funds Restrlcted Funds Tot•1 Funds 2023 Total Funds 2022 5 Don•tlons ind Iwdes Donatlons, street ¢ollectlons, appeals and grants Legades Tt)tal don4tlons •nd lepd 87.401 217.451 304.852 20.061 4.153 24,214 107,462 131.126 235,432 366,558 Unre5trkt•d R•rtrlrt•d Funds Fynds Total Funds Total Funds 2022 6 Charlt•bl• A¢lfvltl Membershlp Contrlbutlon to welfare, sodal a¢tfvltles and Fellowship expenses Tol•l ch•rltable •¢tl¥ldes 45.673 45,673 41,510 59.344 105,017 13,016 13.016 72,360 118,033 73.259 114,769 Unrertrlrted Restrlrted Total Fund5 Funds Funds 2023 Total Funds 2022 7 Inwstment Income Dlvldends Bank Interest 36,777 12.764 36.777 36,925 7,713 241p3ge The W Pomo Fdlowshlp Company No s￿21 Nrtes for the FlnarKlal St•temÈnts for the year ended 31 clecember 2023 Total Funds T¢)tsl Funds 2022 8 Expendtture on ialslwfvnd$ Funds Funds Allocated Staff Salaries (note 101 Investment management costs Costs of 8eneratSn8 voluntary Income 44.560 14,938 11.155 70,653 44.560 14,938 11,155 70.653 38,933 15,227 11.927 66.087 Unreslrf¢Aed Funds Restrleéed Fund5 Totsl Funds 2023 Total Funds 2022 9 Expendllur• on ¢hwltable Ktmlles Dlrect Co#$ Soclals, outlnBS & holidays Sundries and other grants Heatln8 Grants Bulletln and branth newslwters Welfare Informatlon & Educatlon 111.420 13,366 9,419 30,221 7,065 17L491 114A20 43.330 18.501 33,671 21060 230.982 96.599 31,114 17,6CiI 30,623 9,336 185,272 29.964 9.082 3.450 13,995 59.491 Support Coxs Allocated Staff salarles Inote IOI Office costs Telephone. posta8e & stationary Depreclatlon Branch admln Other staff costs Insuran Bank ¢har8es rr Costs Travel 214.725 32,524 5,745 3,927 3.029 5.833 6.357 3,457 8.323 2,347 214.725 32,524 5,745 3.927 3.029 5.833 6.357 3,457 8.323 182,739 28,717 5,913 3,481 2,494 2,997 5,806 3,027 3,952 2,065 241,191 286 267 G0v•rn4n￿ Costs Meetln8s and travel Legal and professional fees Audlt Fees 5.753 5.753 2,858 3,683 16,CUI 23,710 251Page The Britith Polo Fellowshlp coM￿nY No 5294321 Notes for the Flnandal Statements for the year ended 31 December 2023 Ralsl Funds charltsb￿ Total Funds 2023 Totsl Funds 1022 10 Staff Costs Wages and salaries Social securlty Costs Penslon costs I￿.902 14.279 231,306 16.548 195,518 17,683 8,471 1.887 44.560 11,431 214.725 259,285 221672 Staff costs have been allocated between costs of 8eneratin8 funds and Charltsble artI￿lIeS based on staff tlme. RemaininB supports costs are all allocated to charitable acthTitles. I Individual earned In excess of £60,th)O per annum In the year12022: 11. The average number of employees analysed by functlon was as follows: 23 2022 Charitable servlces Fundralslng MaTha8ement and admlnlstratlon The key management personnel of the Chartty ¢ompromlsÈ the Operations Manager and the Finance & Offlce Manager. The total employee benefits ol the key mana8ement personnel of the charlty were £119.986 12022.. £102,029). 11 14•t IncomellEMp•ndlturn) Net IncomellExpendlturel are stated after tharging: 2023 2022 Audltors remuneratlon Opefatln8 lease rental- Land and bulkll Depreciation 23,710 22.896 3,927 16,COJ 22,896 3,480 261Page The Brftlsh POND Fello¥nhlp Company No 5294321 Ilotes forthe FTnandal Ststements 12 Tan8lble Flx•d Assets Equlpment At I january 2023 Additions Disposals At 31 December 2023 44,768 2.238 44.768 2,238 47,006 Ac(umulaled Depre¢latS0 At l January 2023 Depreclatlon on dIsP￿al5 Charge for the year At 31 Dec•mb•r 2023 32.023 32.023 3.927 35.950 3.927 35,950 N•t BookV•lu• At 31 Dec•mb•r 202> Al 31 December 2022 12.745 12,745 All flxed assets are used for dlrert Charitsble purposes and admlnlstration of the thèrity. 271page The Brftith Polio Feltr*ship Company Ilo 52Y321 for the pat t￿d 31 De¢ember 2023 13 Hxed Assèt lrtvest 2023 L151ed Investhients 1,683.432 1,683,432 Investments held in portlolS0 At l January 2023 Addltlons Disposa15 Reallsed and un￿alISed losse5 At 31 Decemb•r 2023 1.561,307 107.645 1111.7701 126,250 1,683,432 All Investments are listed on the London Stock Exchan8e. The Investment porrfolio is Snvested in listed equltles, flxed Interest stocK mainly British Government funds, and Investment and untt trusts. The percent•p In •Kh ￿. Atternatlves Cash Flxed Income UK Equity Mlxed Investments Intemational Equlty Property 7% 12% 25% 3% 3% 281Pa8e The Brltlsh Polo FelkA¥shlp C4)mpary No 5294321 forthè yèar ernled 31 cle￿thr 2023 14 Debtors Char 20 Ch•rlty 2022 Prepèyments & accrued income Other debtors 45,303 14,439 59.742 42,408 5,639 48.047 15 Components of osh and equlvalents tharlty 2023 Charllv 2022 Interest bearing deposits Bank current accounts Cash 122.985 387.511 5,658 516,154 90,634 570,928 6,140 667,702 16 Credltor&' Amounts lalllng due wlthln onfr y••r Ch•rlty 2023 tharlty 2022 Trade credltors Accruals and deferred Income Taxatlon and sodal security 1,539 51,391 2,088 70,163 59,966 83,868 291Page The Brltlth Polk+ Fellowshlp Ctynpany No 5294321 17 Analys15 of Net Assets between Funds iknrestrlcted Restrfct•d fund5 funds Totsl 2023 Total 20 Ch#rlty Tanglble Flxed Assets Investments Current Assets Cash at bank Current liabilltles 11.056 1,179,341 59,742 516,154 159,966) 1.706.327 11,056 1.683,432 59,742 516.154 1$9.9661 2,210,418 12,745 1,561,307 48,047 667,702 183,8681 2,205,933 504.091 504,091 An￿¥* ol Movement In Funds Fund Unre#rlrted Funds At I january 2023 Operat1￿ Surplus Transfer 1,730.318 199.5041 150.7371 Investment Revaluatlon Reallsed 8alnslllosses) on investments 126.2SO At 31 Oecembtt 2023 1.706 327 R•strlct•d Funds (Note 201 At l January 2023 Operatln8 Surplus Transfer between funds 475,615 122,261) SO.737 Al 31 D8￿mber X12J Totsl Fund5 It 31 O•c•mber 2023 2.210,418 Totsl Funds al 31 December 2022 2.205 933 30IPa8e The Brlttsh Pollo Fellowshlp for the ended YI De¢ern*￿ 2023 lance at l January Mcrdement In Resour￿$ 2023 Incomlng ¢)utDlnz Balan￿ at Investmnt YI December I￿$¢$} 2023 19 Urtrestrlcted Funds DeSiBnated Funds Fixed Assets Pat pa￿er Games Fund Loan unlt Investment fund Loan unlt project fund 2.027 S.689 1.180.015 4.802 1.192,533 1238 13.9271 10,718 532 105.545 436 117.231 11.056 6,221 1,213,344 5,022 1,235,643 172,2161 216 176,3591 1238 Other UnrestrIrt￿ Funds 537,785 1,730,318 457.172 459.410 356,305 1432,664 167,968 50.737 1,706,327 The Ibxed asset fund represents the r￿t book value of fixed a$5ets not allcKated to restrkted funds. The Pat Parker Games fund Is an amount deslgnated by the Hull branth t¢)wards the costs of the Indoor games. The deslgnated loan unlt Investment funds represent the fvnds invested in loan unlts on behalf of the branches. The loan unlt project fund amouni is the Interest eamed on the loan units of two branches. The fund5 ?re to be used to asslst branches and groups that are not financlalty so well off. 31 |pa8e C4>mparry Ilo 5294321 Tran B•lance at l Jwiuary Mty•eft*nt In Resources 2023 Incomlng Outgoln and 8alan¢e In¥estmènt 31 D8￿rn￿r 11055es) 2023 20 Restrfcted Funds Ron Scudamore Holiday Fund Reglonal Areas Tryst Funds Roosevelt Memorlal Fund Othef Restrlcteil Funds Metcalf Le8aCY Rlchard Flint Award Fund Bullelln Appeal Donatlon5 towards EPU C05ts Indoor Games Trust Funds Internatlonal Travel Lottery Fund for AGM Rotary Fund for Heatin8 South Éast Kent Branch Legacy Strate8y Prolecl Watford Bofough Councll ctorla Foundatlon Fund Trust Fund for Heatln8 Grants Winter Warmth Appeal Wolverhampton Branch Le8aCY 31.167 12,932 170.294 7.345 99.249 20.757 111.2251 7.775 1.208 15,720 27,717 14,140 17S,591 8,031 99,898 21,427 111,4231 16,1161 I1.2￿) 13,4501 19951 {3.C￿l 6.765 1.870 3,450 495 3,IXJO 300 300 150 4.153 13,016 Iisoi 2.758 46.911 16 1.113 7,S38 113.¢J))I 1.0 6.894 95 1754 81410 8.961 18,932) 5,521 8,304 90,iOS 475,615 S9,491 504.091 321Page Company No 5294321 Ilote5to th• Hrbandal Ststemw for the year ended 31 Detember 2023 20 RestriLt•d Funds Icontlnuedl The nature and purpose of thè prindpal restricted fvnd5 are as follows: Ron S¢udamore Hollday Prol•rt Fund A fund to PrO￿de Information and grants for a¢cessible holldays. Re8lonal Restricted Funds Funds 8iven to a551st rnembefs In ¥*dfic reghons of the Unlted Kln8dom. Roosevelt Memorfal Fund A fund to asslst In the purchase of equipment for those disa1￿ed by pollo. Other Restrktsd Ful￿$ Thls has funds to be used for a Hertfordshlre project and a donatl¢)n towards PPS researth wo￿. Meteall lepcv A fund for the benefit of those Imng In Scotland who have had pollo. Rl¢hard FIIM ATMard Fund A fund towards PPS reseèrth and the prfzes of the Rlchard Fllnt annual ¢ompetltlon. Indoor Gam•s Tryst Funds Funds glvet) towards the costs of the annual Natlonal Indoor Games held In Lebce5ter. VIc￿rI￿ Foundatlon Fund A fund lor the benefit of members who resSde In the Kln8Ston-upon-Thames & Ri¢hmorKI-upon-Thame5 areas of London. Trust Fund for HeatSng Grants A fvnd to a551st wlth wlnter fuel bills for quallfylng members. Wlnter Wamith Appell Funds recelved from an 8ppeal sent out toThe Fellowship membersto help towards the heatln88rants pald out ènnualty. Woherhampton branch lelxy A fund for the benefft of members who reskle In the Wolvefhampton a￿a. 331Page The erlllsh Pollo Felluw5hlp Company No $294321 Notes to the Hnancial Statements 21 pen￿0￿ commftments The charity operates a defined mntribution pensron stheme. The penslon expense for the year represents contrlbutions payable by thecharrtytothe schemeand amounted to£16.86712022= £8.4701. At the reportln8date, an amount of £3,705 12022.. £12.0751 was reco8nlsed as a Ilablllty. 22 Flnand•l Commltrn•nts At 31 December 2023. the Charfty had the followi￿ finandal commitments under rKinoncellable operatln8 leases." 2023 oth operatl 2022 Other operatlnl In le5S than l year In2-5years 16,611 9,554 18.123 23 Controllln8 Party The tnrstee5 do not conslder there to be a controlling party. 341Pège