Amended
These accounts are being resubmitted to replace the previously filed version. The original accounts contained an error which have now been corrected.
BOURNEMOUTH AND POOLE HEALTHCARE TRUST111 CONTENTS Page Trustees report Statomont of trustees responsibilities Independent auditor's report Consolidated statement of financial activities Consolidated balance sheet Balance sheel io Consolidated statement of cash flows li Notes to the accounts 12- 21 2510312026
BOURNEMOUTH AND POOLE HEALTHCARE TRUST (I) LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs. A J Daughters Mr. A G Monahan Mr. M Schuster-Bruce Charity number 1122497 Company number 06430101 Registered office Ward 10 Royal Bournemouth Hospital Castle Lane East Bournemouth Dorset United Kingdom BH7 7DW Audltor TC Group 10 Bridge Street Christchurch Dorset United Kingdom BH23 IEF
BOURNEMOUTH AND POOLE HEALTHCARE TRUST {11 TRUSTEES REPORT {INCLUDING DIRECTORS, REPORT FOR THE YEAR ENDEO 31 MARCH 2025 The trustees present their report and financial statements for the year ended 31 March 2025. The accounts have been prepared in accordance with the accounting policios set out in note I to the accounts Ind comply with tl)o charity's Memorandum and Articles of Association, the Companies Act 2006 and 'Accounti ng and Repoi"ting by Chcirities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordcince with the Financial Reporting Standard applicable in the UK and Rcpublic of Ireland I FRS 1021" Objectives and activities The charity's objective is the advcincomont of health for the public benefit through the donation of medical eqLJipment and other assets to University Hospitals Dorset NHS Foundation TrLlSt. The charity's aims are desi£i)od to directly support and cidvance its charitable purposes. By delivering these aims, the charity providos public benofit through acute and specialist hcalthcare services to people in Dorset and neighbouring areas, ensuring that its clctivilies remain focused on achieving its stalod objectives. The trusteos have adopted a strategic approach to achievin&i the charity's aims and objectives by planning ,Ictivities that align with its charitablo purposes, monitoring delivery, and reviewing impact to ensure ongoing effL'Ctivene5S cind public benefit. Success is measured by monitoring servico del ivery of the subsidiary cigainst planned objectives. Thc trijstees have paid duc regard to PLiblic benef it when planning the charity's activitie5, in accordance with the Charity Conimission's General Guidance on Public 8enefit (January 20131. The charity'5 policy is to consult a nd discuss with cmployees, through unions, staff COLincils and <lt meetings, mallers likely lo affect employees, iiitorosts, Information on matters of concern to employee5 is given through information bulletins and reports which seek to achiove a coniinon awHreness on the part of all employees of the fi nancial <ind economic factors affecting tho groLlP'S performance. Achlevements and performance 2024125 has been another successful year of trading for the charity ar)d its subsidiary, Private Hec11th University H05Pltals Dorset Limited Iformerly The Bournemouth Private Clinic Limited). The trading subsidiary has enjoyed another successful year, resulting in a surplu5 for the charity of £232,23812024.' £329,181). During the year the charity has strengthened its reserves holding to £2,902,81812024.. £2,670,580) which were transferred to IhLJ new charity, see bolow. These reserves will continiie to provide a fun(J for donations as woll as mciking future contributions towards hospital running costs. Tliese donatiDns a nd contributions will provide f inancial support to initiatives that improve patient services and enhance pati ent experience. Fin<incial review, future plans It is the policy of the clitirity to build a nd maintain sufficiL'nt unrestricted funds so that il can f und planned fLlture eqLJipment expenditure requirements. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's plannL'd funding commitments and mtiintaiii It5 CLirrent activities while consideration is given to ways in wh ich additional funds may be ra ised. This level of rL'serves has been maintained throughout the yiiar. Tl)ese reservils a nd activities will continue in the new charity explained bolow. The trustees have assessed the major risks to which the charity Is exposed, and a re satisfied that systems are in place to rnitigate exposure to the major risks, and this will continue in the new charity. Page I
BOURNEMOUTH AND POOLE HEALTHCARE TRUST {1} TRUSTEES REPORT {CONTINUED)IINCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 MARCH 2025 Events since the year end and going concern On l April 2025, the activities and operations of the charity were transferred to the new charity, Bournemouth and Poole Healthcare Trust Icharity number.. 12120501, as set out in note 15 of the financial statements. The new charity will continue to promote the objectives of this charity. Accordingly, these iiccounts have been prepared on the break up basis, with the reserves held at tho year end being transferred to the now charity. Structure, governance and management The charity is a company limited by guarantee rcgi5tered in England and Wales with the company number 06430101. It is a registered charity (registered charity number 11224971. The provisions governing the company are set out in its articles of association and in the Companies Act 2006. Tho trustees, who are also the directors for the purpose of company law, and who served during the yoar and up to the date of signature of the financial statements were.. Mrs. A J Daughters Mr. R D Howell (Appointed 01 March 20251 IAppointod 01 March 2025 and resigned 15 November 20251 (Appointod 01 March 20251 Mr. A G Monahan Mr. M Schustor-Bruce Mr. P Papworth (Resigned 01 M<irch 20251 Mr. R Renaut l Resigned 01 March 20251 Mr. M Mould (Resigned 01 March 20251 The ch¢irity is govLJrned by the Board of Trustees, which is responsible for setting the strateg7ic dirLSCtion of the organisation and the policy of the charity. The trustees are appointed by thÈi charity trustees and inducted bv them. None of the trustees have any beneficial intorest in the compiiny. All of the trustees are mcmbL)rs of the company and gLiarantco to contribute £1 in tho event of a winding up. Private Hoalth University Hospitals Dorset Limited (formerly The Bournemouth Private Clinic Limited) is a wholly owned subsidiary of the charity. It is a company limited by share5 and the charity holds one share with a nominal value ol £1. It was transferred to the new charity on l April 2025. Auditor A Resolution to appoint auditors for thL' ensuing year will be considered at the annual general meeting. This will consider alignment to the NHS TrLlSts external audit provider KPMG. Disclosure of information to auditor Each of the trustees has confirmed that there is no i nformation of which they are aware which is rol?vant to the audit, but of which the auditor is unaware. They hoive further confirmed that they have la ken appropriate steps to identify such relevrint information and to establish that the auditor is aware of such information. The trustees report was approved by the Board of Trustee5. Andrew Monahan 2510312026 Mr. A G Monahan Date Page 2
BOURNEMOUTH AND POOLE HEALTHCARE TRUST111 STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who cire also the directors OF Bournemouth and Poole Healthcare Trust 111 for the purposLi of company law, are responsible for preparing the Trustees Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Acccpted Accounting Practice). Company Law reqLiires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity cind of the incoming resources and application of resources, including the incomo and expenditiiro, of the charitable comp¢iny for that year. I n preparing these accounts, the trustees are required to.. select suitable accounting policies and then apply them consistently,. observe the methods and principles in the Charities SORP,. make judgements and estimcltes that are reasonable and prudent; and prepare the accounts or) the going concern basis unless it is inappropriate lo presume that the charity will continue in operation. The trustees are responsible for koeping adequate accouiiting records thilt disclose with reasonablo accuracy clt anv time the fin¢inci<il p051tior) of the charity and enciblo thom to ensure that the <iccounts comply with tho Comp<inies Act 2006. Thoy are also responsible for safeguardinLY tho assets of the charity a nd honcc for taking reasonable steps for the prevention and detection of frciud and other irregularities, Pa8e 3
BOURNEMOUTH AND POOLE HEALTHCARE TRUST {11 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BOURNEMOUTH AND POOLE HEALTHCARE TRUST111 Opinion We have audited the financial staternents of Bournemouth and Poole Healthcare Trust 111 (the 'parent charitable company'l and its Subsidiary Ilogcthor the 'group'l for the year ended 31 March 2025 which comprise the Consolidated Statement of Financial Activities (including the Income and Expenditure Account), the Consolidated Balance Sheet, the Balance Shcet of the paront charitable company, the Consolidated Statement of Cash Flows and note5 to the financial statements, including a summary of significant accounting policies. The fina ncial roporting f ramework that has been applied in their preparation is applicAble law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financiol Reporting Stondord upplicable in the UK and Republic of Ireland Iunited Kingdom Gonorally Accoptcd Accounting Practice). In our opinion, the f inancial statements., give a true and fair view of the state of the group's and parent charitable company's affairs as at year ended 31 March 2025, and of the group's incoming resources and application of resources, including its income and expenditure, for the year then ended,. havo beon properly prepared in accordance with united Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Cornpa nies Act 2006. Bas15 for opinion We conductod our audit in accordance with International Standards on Audiring l UK) IISAS IUKII and applicable l<lW. Our responsi bilities under those standards are fiirthor described in the Auditor's responsibilities for the audit of the financial statements section of our report. Wi3 are independent of the group ci nd parent chiiritable company in accordance with the ethical requirements that ciro relpvant to our aLidil of the financial statements in tlie UK, includinLy the FRC'S Ethical Standard, and we hic ve f ulf illed our otl)or ethicLiI responsibilitie5 in accordance with theso roqLiirements. We beliove that the ciudit evidence we h<ive obtained is sufficient and appropriate to provido ti ba515 forouropinion. Emphasis of m¢ltter - flnanclal statements prepared on a basss other than golng concern We draw attention to the trustees, report section 'Events since the Year End and goi1i8 concern" and Accounting Policies noto 1.2 of the financicil stcltements. The activities and assets of the charity transferred to the new charity Bournemouth and Poole Healthcare Trust on l April 2025 and for that reason a btlSiS other than the going concern basis in these financial statements has bien considered a ppropriate. Our roport is not modified. Page 4
BOURNEMOUTH AND POOLE HEALTHCARE TRUST111 INDEPENDENT AUDITOR'S REPORT ICONTINUEDI TO THE MEMBERS OF BOURNEMOUTH AND POOLE HEALTHCARE TRUST11} Other information The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees aro rosponsible for the other information conliiined within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we, do not express any form of assur3nce conclusion thereon. Our responsibility is to road tho other information and, in doinE so, consider whcth@r the other information is materially inconslstent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent Inateriol misstatements, we are rcquirod to determine wl)ether this gives rise to a maleri¢il misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In oiir opinion, bcisod ori tl)e work undertaken in the course ol our audit.. the information given in the trustees Report, which includes the directors, report prepared for the purposes ol company law, for the financial year for which the financial statements cl re prepcircd is conslstent with the financial 5tatement5,' and tlie directors, report included within the trustees, report has been prepared in accordance with applicable legal roquirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environmont obtained in the course of the udit, we havo not identified matericil misslatLJmonts in ihe directors, reporl i ncluded within thc trustees report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us lo report to you if, in our opinion.. addiquate accountii)g records have not been kept by the parent cliarita ble company, or returiis adequate for our audit have not been received from branchos not visited by us,. or the parent charit<ible company's financial statements are not in agreement with the accounting records and retiirns,. or certain disclosures of directors, remuneration specified by law are noi made,. or we have not received all the information and explanations we require for our cl Lidil,. or the trustees were not entitled to prepare the financial statements in accordance with the small compcinies, regime and take advantage of the small companies, exen)ptions iii preparing the trustees, report and from the requiromont to prepare a str<ltegic report. Page 5
BOURNEMOUTH AND POOLE HEALTHCARE TRUST111 INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF BOURNEMOUTH AND POOLE HEALTHCARE TRUST11) Responsibilitles of trustee5 As explai ned more fully in the trusteos, responsibilitie5 Statement, thc trustees Iwho are cilso thl? directors of the charitable company for the purposes of company lawl Lire responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and lor such internal control as the trustces determine is nece553ry to enable the preparation OF financiril statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the triistees are responsible for Lissessing the group's cind parent chJritable company's ability to continue a5 a going concern, disclosing, as applicable, rnatters related to going concern and using tho Eoing concern basis of accounting Linless the trustees either intend lo liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the f inancial statements Our objoctives are to obtain reasonablc assurance about whother the financial statements as a whole aro froo from material misstatement, whether due to fraud or error, and to issue an aLiditor's report that includes our opinion. Reasonable assurance is cl high level of <issurance, but is not a gU<ifLintee thai an aLidit condiicted in ciccord<)nce with ISAS l UK) will always detect a material mi5Statoment when it exists. Misstatements can 3rise from fraud or error cind are considercd matorial if, individually or in the aggregate, they could reasonably bo expected to influence the economic decisions of users ta ken on the basis of those financial statements. I rregularitics, including fraud, aro instances of non-compliance with laws 3nd regulations. The extent lo which our proccdures are capable of detecting irregularities, including fraud, is detailed below. Extent to whlch the audit was considered capable of detecting irregularities, including f raud The objectives of our ciudit, in respect to fraud, are.. to identify and assess the risks of matorial misstatement of the financial st¢ltements duo to fraud,. to obtain sufficient appropriato audit evidence regardin&J the assessed risks of malorial misstatement due to fraud. through dosigning and implementing appropriate respoiisos,, cl nd to rospond appropriately to fraLid or suspectod fraud identified dLiring the audit. However, the primary rosponsibility for the prevcnlion a nd detection of fraud rosts with both those charged with governance of the entity and its manageinent. Our approach was as follows.. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the f inancial statement5 from our general commercial and sector experience, and throiigh di5CUSsion with the directors and other management las reqLiired by auditing standards), and discussed with the directors and other mcincigement the policies and procedures regarding compliance with laws and reELilation5,' We considered the legal and regulcltory frtimeworks directly applicable to the f in<incial statemenls reporting framework IFRS 102, the Companies Act 2006 and the Chariti&is Act 20111 and the releva nt charity regulations in the UK,. We considerod tho ntlture of the industry, the control environinont cind business performcince, inclLiding the key drivers for managemènt's remuneration., We commuiiicatL,d idc'ntified laws and regulations throughoLJt our team and remained alert to any iiidicalions of non-compli&ince throughout thlb Liudit,. We considored the procedLire5 a nd controls that the company hils established to address risks identified, 01 that otherwise prevent, dL.tL'r and detect fraLid,' and how senior management monitors thosL' programmès and controls. Pa8e 6
80VRNEMOVTH AND POOLE HEALTHCAflE TRUST111 INDEPEN DENT AUDITOR'S REPORT ICONTINVEDI TOTHE MEMBERS OF 80URNEMOUTH AND POOLE HEALTHCAAE TRUST111 Based on inis understandina we designeJ our aJdit procedures io Ideniilv nor.-cemplian£e wllh such Igws and ie8LilaiiOllS. Whtre ihe risK was coiisidered 10 be hi8lier, we perlormed a'Jdii procedure5 10 address each Idenlilied Irobd risk.. These procedures irtclvd#d.. iesiin¥ manuol journals.. fevie'wing ihe linanci&l 5taiLimeni diiclosures and iesiin8 10 supporiing docLtnwntèlion,' perlorr7ing analylica. procedures.. ane eiioLllflll8 ol niaiiaeeffteiTrt, and Ivere designed 10 proviée ieasonable assuiance thai rhe linènclal staiemeois wèie free from Iraud or eiror. Oivin8 10 Ihe inherent limitations ol an aLtdil, Ihere is In unavoldable risk Ihai ive may n?1 have deiecièd some maieri31 rnissiaienienis in Ihe financial siatemanls, even ltriough Ive hav4> PlOF.erly planned perloimed ouf audit in accoidèn&e wilh audiling Slall dèrds. For exarniple. Ihe fbriher romoved non-complionreivilh l8i%'s aid rcgiilatioThs lirre8ulariliesl is Irom thp evenls and Iransaciion5 rellecied In Ihe financial siBiernenis, rhe le55 likely ltre inhèrer,Ily lirniied pro-edures requiied by auMiling standards wjuld id2nlily it. The risk is ?150 8Feater redardin8 irreiulaii'.ies occurring d¥'e tg l¢avd railier ilian erfoi. 31 Irllltd involvgs inieniional coricealmen¢, 1¢.'8ery. colllision. om155ion or misrepreseniiliion. We are n¢1 responsiblè Iof proveniin8 non-complian:e èrtd cannoi bè exptcied its deir(( non- complia-.,ce with all law5 and re8ulolions. A further descripliGn ol our iespon5ibililies is availèble on Ihe Financial Repofriflg Kountil's websiie at.. ¥VVI l¢c.or Oui'.Wlark. Slandai. foiavdiiors A,. di:af>-lQ This dfscriplion forms pa,'t ol our auditor's (e?ort. Use of our repoil Thls repori Is n)?de solely t? the charltable compa". 's niernbe.. s, as è body, in accordance wlih Chapier 3 01 Pafi 16 ol ihe CompaniesAct 2006 Ov., ats8ii work l)as beeli undtirtaken so that we mi8hi stal& to the charilable cornpany's nienib*rs Iblose mèlters wo Lirc re4LJired lo $13te 10 Ihcm irt iin aLidiiors' repori lor no eiher purpose. To thé fulltsi exteni peimiiied by lav4. Ilie do ntsi accepi or as5urne resportsibilily 10 anyone other (han the chèriihble company and Ihe chariiable CCil)pany's members as è body. for our audil work. lor Ihis rÉpuii, Of lor ihp c¢iThioriS we have formed. Ltscy Filer 15enlor Statufoiv Atsd410rl loi and on bth•lf of YC Group Statutory Auditor Ofli£è' Chrislthurc1 Dare.. 2pI,121. Page 7
BOURNEMOUTH AND POOLE HEALTHCARE TRUST111 CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Note5 Income and endowments from: Fund raising activities 4,310,2 73 3,999,131 Investment income 76,219 63,470 Other income 24,927 Total income and endowments 4,411,419 4,062,601 enditure on: Fundraising activities Charitable activities 4,135,342 3,669,557 43,839 63,863 Total resources expended 4,179,181 3,733,420 Net income/{expenditurel for the year/ Net movement In funds 23?,?.38 329,181 Fund balances at l April 2024 2,670,580 2,341,399 Fund balances at 31 March 2025 2,902,818 2,670,580 The movements in funds all relate to unrestricted funds. The statement of financial activities includes all gains and losses recogni5ed in the year. All income and expenditure derive from discontinuing activities. The stalernent of financial activities also complies with the req Liirement5 for an income and &'xpenditLire account under the CompaniesAct 2006. Page 8
BOURNEMOUTH AND POOLE HEALTHCARE TRUST {1) CONSOLIDATED BALANCE SHEET AS A T31 MARCH 2025 2025 2024 Notes Fixed assets Tangiblo assots Current a55etS Debtors Cash at bank ar)d in hand li 245,672 3,894,101 85,004 3,783,184 4,139,773 3,868,188 Creditors: amounts falling due within one year 12 11,236,955) 11,197,608) Net current assets 2,902,818 2,670,580 Total assets less current liabilities 2,902,8 18 2,670,580 Income funds Unrostricted funds 2,902,818 2,670,580 2,902,818 2,670,580 The accounts were approved by the TrLlStees on .25lQ.3IR02F....... Andrew Monahan Mr. A G Monahan Trustee Company Registration No. 06430101 Page 9
BOURNEMOUTH AND POOLE HEALTHCARE TRUST {1} BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Fixed assets Investments Current assets Debtors Cash at bank and in hand li 47,313 3,071,499 3,085,097 3,118,812 3,085,097 Creditors., amounts falling due within one year 12 1507,4451 1809,3851 Nel current assets 2,611,367 2,275,712 Total assets less current liabilitie5 2,611,368 2,275,713 Income funds Unrestricted funds 2,611,3 68 2,275,713 2,6 11,3 68 2,275,713 The accounts were approved by the Trustees on 2510312026 Andrew Monahan Mr. A G Monahan Trustee Company Registration No. 06430101 Page 10
BOURNEMOUTH AND POOLE HEALTHCARE TRUST111 CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR EIVDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activities Cash generated from/labsorbed bvl operations 14 110,917 772,433 Investing activities Proceeds on disposal of tangible fixed assets Net cash generated from/(used inl Investing activities Net cash used In financlng activltles Net increase/(decrea5e) in cash and cash equivalents 110,917 772,433 Ccish and CLlSh equivalents ilt beginning of year 3,783,184 3,010,751 Cash and cash equivalents at end of year 3,894,101 3,783,184 Pa8ell
BOURNEMOUTH AND POOLE HEALTHCARE TRUST (I) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information Bourneniouth and Poolc Healthcare Trust111 is a private company limited by guarantee incorporated in England and Wales. The registered office is Ward 10, Royal Bournemouth Hospital, Castle Lane East, Bournemouth, Dorset, BH7 7DW, United Kingdom. The directors of the company are the trustees. In the event of the charity being wound up, the liability in respect of tlie guarantee is limited to £ I per member of the charity. 1.1 Accounting convention The accounts havo been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Rocommended Practice applicable to charities preparing their accounts in accordanco with the Financial Reporting Standard applicable in the UK and Ropublic of Ireland IFRS 1021" las amended for ¢iccounting periods CL)mmenci ng from l Janu<iry 20161. The charity is a Pu blic Benefit Entity as defined by FRS 102. The accounts are preparod in sterling, which is the function<il currency of the charity. Monetary amounts in these financial statèments arc rounded to the nearest POLind. The fincincial statements consolidate the results of the charity and it5 wholly owned subsidiary, Private Ilealth University Hospitals Dorset Limited Iformcrly The Bournemouth Privalo Clin ic Li mitedl on a liiie-by-line basis. A SQPcirate Statement of Finai)cial Activities and Incorne and Expenditiire Accoii nl for the chcirity hcls not been prescnted because tho charity has taken advantage of the exemption afforded by section 408 of the Companies Act 2006. Break up basls On l April 2025 the charity ceased operations, as set out in note 1.2, and all assets and liabililios are now recognised on the break LIP basis. 1.2 Going concern On l April 2Q25 The Bourriemouth and Poole Healthcare Trust 111 transferred as a going concern it5 activities and assets to a newly registered charity Bournemouth and Poole Heallhc<ire Trust (charity number.. 12120501. Tho charity operations and overall charitable purpose will continue unchanged in the new entity. The financial statements have been prepared on the break up bic sis as thc operations ol The BoiirnemoLlth and Poole Hecilth Trust 111 will continue in the new entity. 1.3 Charitable funds Restrictecl funds are subject to specific conditions by donors as to how they may be used. There are no restricted fLinds during the period. 1.4 Incoming resources Incoming rL'sources froni fiindraising 7¢ Ctivities represent amounts rece.ivable in respect of thii provision OF medical treatment to cuslomers during thL% period. It is recognised when the customer is admitted for tretitment and measured at the fair va lue of the consideration receivabl e for the medical treatmei)t, The trustees have reviewed tho classificition of the activities carried out by the wholly owned subsidiarv and have deemed that they are to be disclosed as fundraising activities rather than as charitable activities. Investment income is included in the accounts when receivable. Page 12
BOURNEMOUTH AND POOLE HEALTHCARE TRUST111 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EAIDED 31 MARCH 2025 Accounting policies (Continued} 1.5 Resources expended A11 expeiiditure is accounted for on an accruals basis and has been classified under hoadings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent wilh use of resources. Expenditure includes any VAT which annot be fully recovered and is reported as part of the expenditure to which it relates. 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 naturo necessary to support them. Govorn¢ince costs are the expenses incurred in fulfilling the charitable company's constitutional and statlltory reqLiiremonls. Gra nts payable are payments made to third parties in the furtherance of tho charitable objectives of tho Trust. Single or multi-year grcints Ic re accoLinled for when either the recipient hcls a reasonable expectcltion that they will receive cl Erarit cind the trustees have cigrecd to pay the grant without condition. or the recipieiit has a reasonable expectation that they will receive a grant Ir nd any condition attaching to the grant is outside the control of the Trust. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at C05t and subsequently measured at cost or valuation, net of depreciLltion and any impLiirinent losse5, Doprociation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives or) the following bases: Equipmont straight line over 4 years Medical equipment The gain or105S arising on the disposal of an asset is determi ned as the difference between the S¢ile proceeds and the carrying value of the asset, and is recognised in net income/lexpend iturel for the year. This is detailed in note 4 of the accounts. based on specialist expert advice 1.7 Fixed asset investment5 Fixed asset invostments are initially measured at transaction price excluding transaction costs, and are Slibsequently meAsured at fair valuo at oach reporting date. Changes in fair value are recognised in net income/lexpenditurel for the year. Transaction costs are expensed as incurred. A subsidiary is an entity controllèd by thè chtirity. Control is the power to govern the fi nancial and operating policies of the entity so as to obtain benefits from its Activities. I'he investmènt in the SLJbsidiary Private Health University Hospithls Dorset Limited (formerly Tl)e Bournemouth Private Cl inic Limiti)dl is valued at cost. Current asset investments relate to fixed term deposits and are stated at the lower of cost and net realisable value. Page 13
BOURNEMOUTH AND POOLE HEALTHCARE TRUST {1) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policie5 {Continuedl 1.8 Cash and cash equivalents Cash and C¢ish equivalents iiiclLide cash in hand, deposits held al call with banks, other short-term liquid investments with original maturities of three months or le55, and bcink overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financi¢il Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are rocognised in the charity's balance sheet when the charity becomes party to the contractual provision5 of the instrument. Financi¢il ii ssets and liabilities Lire offset, with the net amounts presented in the financial statements, when thcrc is a leglally enforceable right to Set off the recogiiised amount5 and tkiorc 15 an intention to soltle on a net basi5 or to realise the a55et and settle tho liability simultlE neoiisly. 805icfinuncial assets Basic financiol assets, which i nclLide debtors and cash and bank bcilances, are inititilly measurod at trans<lCtion price including transaction cost5 Éind ciro subsequently carried at amortised c05t using the effective interest method unless the arrangomonl constitutes Li financing transaction, wliere the trcinsJction is mecisured al tho present valLlQ of the futiire. receipts discountod at a market rate ol interest. Financial assets classified as receivable within one year are not a mortised, Baslcflnonclal liobilities Basic financial liabilities, including creditors are initially rocognised at transaction price unle55 the arrangement constitutes cl fincincing transaction, where the debt instrument is measLired at the present value OF the future payments discounted at a market rate of interest. Financial liabilities classified as P<lycible within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligation5 to pay for goods or services that have been acquired in the ordinary course of operations from supplièrs. Amounts payable are classified as current liabilities il payment 15 due within one year or less, If not, they are presented as non-current liabilities. Trade crcditors are recognised iiiitially at transaction price ai)d SLib5Lquently measured at amortised cost usinu the effective interest method. Page 14
BOURNEMOUTH AND POOLE HEALTHCARE TRUST {1} NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Critical accounting estimates and judgements In the application of tl)c charity's accounting policie5, the trustees i[ re required to make judgements, ostimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent froni other Sources. The estimates and aSSOCll¢ tod assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying ossumplions are reviewod on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estim<lto is revised where the revision affects only that period, or in the PL)riod of the revision and future periods where the rovision affects both current and future periods. Trade debtor recoverability The trustees havo cissessed the recoverability of trado dcbtors and provided for doLibtful debt ¢iCcordinlIV. This hils been calculated based on thL) trustees, judgement of amolinls owing to the charity up to the date of signing the financial statcments. Consolidated income from Fundraising activities 2025 2024 Private Health University Hospitals Dorset Limited turnover 3,768,236 3,674,844 Consumables recharged 542,037 324,287 4,310,273 3,999,131 Page 15
BOURNEMOUTH AND POOLE HEALTHCARE TRUST11) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EAIDED 31 MARCH 2025 4 Consolidated expenditure on Fundraising activities 2025 2024 Purchases Training costs and subsistence Insurance 4,035,847 3,136 8,820 3,416,807 8,413 15,413 1,648 Uniforms 360 Computer software and maintenance Admin services 3,600 63,442 86,011 1,377 3,600 60,465 67,926 2,678 17,066 3,722 Financial services Printi ng, postcige and stationery Subscriptions Sundry Advertising Depreciation Bad debts written off (including movement on provisionsl Staff training 33,299 2,326 600 600 2,342 68,877 1105,1661 1,690 4, 13S,342 3,669,557 Analysis by fund Unrestricted fiinds 4,135,342 3,669,557 Pagp 16
BOURNEMOUTH AND POOLE HEALTHCARE TRUST111 NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Consolidated expenditure on Charitable activities 2025 2024 Governance costs: Audit fee Bank charges Legal fees 20,477 22,005 1,357 10,540 19,830 33,493 43,839 63,863 Trustees None of the trustees lor any persons connected with them) received iL ny remuneration or benefits from the cha rity during the year. Consolidated net movement In funds 2025 2024 Net movement in funds is stated after charging/lcreditingl Fees payable to the company's auditor for the audit of the group's fina ncial statements Depreciation of owned tangible fixed assets 20,477 10,540 2,342 Employees There were no contr£lCted employees of the charity during the current or prior yLJar. From Soptember 2019, ,Idministrative and operating fLinctions of tlie charity were providod by staff contracted to University Hospita15 Dorset NHS Foundation Trust. DLiring the yeJr ended 31 Marcli 2025, tlio charity's subsidiary was ch¢irged f.63,44212024 - £60,4651 by University HosPlt¢Jls Oorset NHS F.oiindAtion Triist for services provided by their stclff. Page 17
BOURNEMOUTH AND POOLE HEALTHCARE TRUST11} NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Tangible fixed assets Group Equipment Cost At l April 2024 7,025 At 31 March 2025 7,025 Depreciation and impairment At l April 2024 7,02S Depreciation charged in the year At 31 March 2025 7.025 Carrying amount Al March 2025 At 31 March 2024 The charity had no tangible fixed assets at 3 1 March 2025 or 31 March 2024. Page 18
BOURNEMOUTH AND POOLE HEALTHCARE TRUST111 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Income from the subsidiary's trading income The charity owns the whole of the issiied ordinLiry share capital of Private l-lealth University Hospltals Dorset Limited Iformerly The Bournomollth Private Clinic Limited), a company registered in England. The subsidiary's principal activity is the management of private healthcare oper¢ltions. All activities hcive been consolidated on a line by line basis in the Statement of Financial Activities. The total taxa ble profit is gifted to the charitv. A summary of the results of the subsidiary is sliown below., 2025 2024 Turnovor Cost of sales 3,768,236 3,674,844 13,493,810) 13,092,520) Gross profit 274,426 582,3 24 Administrative cxpenses Net intorost receivable Other income 1142,0651 17,387 24,928 1313,3711 6,796 Net income for the year 174,676 275,749 Gift Aid donatioii 1278,0911 1245,6461 Retained profit/llossl for the year 1103,4151 30,103 The Liggregale of the net assets, liabilities and funds WclS'. 2025 2024 Current assets Current liabilities AmoLinls owed from / Itol the charity 1,506.427 1,521,966 11,214,975) 11,127,099) 485,466 738,875 Funds (representing one ordinary share of £1 each) Retain ed profit/l10ss1 29 1,451 394,866 Page 19
BOURNEMOUTH AND POOLE HEALTHCARE TRUST {1} NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 11 Debtors Group 2025 Charity 2025 2024 2024 Amounts falling due within one year: Trade debtors Amounts due from related parties Other debtors Prepayments and accrued income 188,053 47,313 75,280 47,313 10,306 9,724 245,672 85,004 47,313 12 Credltors: amounts falling due within one year Group 2025 Charity 2025 2024 2024 Trado creditors Amounts due to group undortakings Amounts duo to related parties Accruals and deferred income Other creditors 359,179 366.136 40,676 738,875 25,364 4,470 485,466 793,771 74,282 9,723 744,359 77,391 9,722 21,979 1,236,955 1,197,608 507,445 809,385 13 Related party transactions The Charity and GroLlP are Lindiir the control of University Hospitals Dorset NHS Foundarion Trust (the Hospital) by virtue of the powers Wlthin its Articles of Association. During the year the Groiip received income totalling £542,03712024 £324,287) and mac5e purchases of £2,fj72,71112024 £2,325,653) from the Hospitcil. As at 3 1 March 2025 a net balance of £793.771 was owed to the Hospital12024 £744,359). The TrLlStees are also Directors of the wholly owned tradir)g subsidiary, Private Health U niversity Hospitals Dorset Limited Ifornierly The Bournemouth Private Clinic Limited). Page 20
BOURNEMOUTH AND POOLE HEALTHCARE TRusr111 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Consolidated cash generated from operations 2025 2024 Surplus/ldeficitl for the year 232,238 329,181 Adjustments for.. Dcpreciation and impairment of tangible fixecl assets Gain on disposal of fixed asset Movements in working capital.. Ilncreasel/Decrease in debtors I ncrease/l Decreasel in creditors 2,342 1160,6671 39,346 375,096 65,814 Cash generated fromllabsorbed by) operation5 110,917 772,433 IS Events after the reporting date On l April 2025 The Bournemouth <ind Poole Healthcare Trust I I I transferrcd it S cl guinE concern its activitie5 and assets to a newly registered cliarity Bournemouth and Poole Healthcare Trust (charity nLimber'. 12120501. The charity operations and overall charit£ible purpose will continuo un cha nged in the new entity. The net assets to be transferred at l April 2025 are as stated in the Company Bala nce Sheet Ipage 101. The new charitv and group remains under the control of tlie University Hospitals Dorset NHS Foundation Trust, as set out in Note 13. Page 21