Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
Registered number: CE000341 Charity number: 1151628
THE POINT OF CARE FOUNDATION
(A company limited by guarantee) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION (A company limited by guarantee) CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Foundation, its Trustees and advisers | 1 |
| Trustees' report | 2 - 9 |
| Trustees' responsibilities statement | 10 |
| Independent auditors' report on the financial statements | 11 - 14 |
| Statement of financial activities | 15 |
| Balance sheet | 16 - 17 |
| Statement of cash flows | 18 |
| Notes to the financial statements | 19 - 32 |
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE FOUNDATION, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 APRIL 2024
| Trustees | Richard Smith CBE |
|---|---|
| Donna Green | |
| Charlotte Brown | |
| Caroline Owusu-Bennoah | |
| Catherine Dale | |
| Richard Evans | |
| Company registered number CE000341 Charity registered number 1151628 Registered office The Foundry 17 Oval Way London SE11 5RR Independent auditors Blick Rothenberg Audit LLP Chartered Accountants Statutory Auditor 16 Great Queen Street Covent Garden London WC2B 5AH Bankers The Co-operative Bank Plc PO Box 101 1 Balloon Street Manchester M60 4EP |
Page 1
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
(A company limited by guarantee) TRUSTEES' REPORT FOR THE YEAR ENDED 30 APRIL 2024
THE POINT OF CARE FOUNDATION
The Trustees present their report and financial statements for the period 1 May 2023 to 30 April 2024.
The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the Foundation's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)”.
Objectives and activities
a. Policies and objectives
The Board of Trustees reviewed the organisation’s strategy in 2021 as part of a planned three-year cycle. The current strategy covers the three years from 1 May 2021 to 30 April 2024. The strategy is assessed on an annual basis to ensure it remains relevant to the environment in which the Foundation is working. The review concluded that the philosophy and direction of the Foundation should remain broadly the same and that the mission has never been more important with greater need for attention to be paid to the wellbeing of health and social care staff, and to listen to the voices of patients and communities as services are re-established.
Our vision is to effect "radical improvement in the way we care and are cared for".
The mission statement is:
"Our mission is to humanise healthcare, we achieve this by working to improve patients' experience of care and increase support for the staff who work with them."
During FY24, the strategic goals remained as follows:
-
Work with systems to change the culture of care, using patient and staff narratives to make the experience of care more human.
-
Empower more patients and staff to collaborate and make change together in pursuit of a more human health and care system.
-
Train and support health and care organisations and the staff within them to be more responsive to patients and better able to work collaboratively with them in direct care, service planning, governance, and improvement.
-
Amplify patients’, service users’ and staff voices and challenge organisations to be more responsive to staff and patients.
-
Ensure more staff access forums and other mechanisms for reflective practice to create a more compassionate environment.
During 2024, the Trustees undertook a review of the financial sustainability of the Foundation, with assistance from external consultants. The Trustees have subsequently concluded that our programmes of work will be stronger and more sustainable under the auspices of a larger organisation or organisations with a more robust infrastructure. At the date of these accounts, the Trustees have identified suitable host organisations with a view to closing The Point of Care Foundation during the financial year 2025-26.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Foundation should undertake.
Page 2
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION (A company limited by guarantee) TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024
Objectives and activities (continued)
Objectives for the public benefit
The Point of Care Foundation is an independent charity, whose charitable objectives, as set out in its constitution, are
-
The advancement of education of the public, in particular those working in health and social care, in methods and skills to improve patients’ and service users’ care experience and
-
To promote research for the public benefit in all areas of that subject and
-
To publish the useful results of such research with the object of improving health and social care outcomes for patients, service users and their families and carers.
In the achievements and performance section below, we outline how we meet those objectives through training and support, information sharing and research.
Achievements and performance
a. Main achievements of the Foundation
The Point of Care Foundation’s mission is to make health and care more human. We do this through our work to create conditions for better relationships in health and social care – among staff and between staff and those using services. We support staff to work collaboratively with patients to improve care through our Patient Experience programme. We work to support staff with the emotional and social impact of their work in health and care through our Staff Experience programme, specifically Schwartz Rounds. On top of this, we partner in research related to aspects of our mission, and support organisations and system-wide implementation of programmes through our consultancy work. This report covers the financial year 2024, which saw the 75th birthday of the NHS. With the system still bearing the brunt of 2022’s reorganisations, pressure on budgets with inflation running high, and ongoing Covidrelated backlogs, it has been a tough time to be in the NHS. Our work seems even more crucial now, given the current circumstances. Financial year 2024 also marked the Point of Care’s 10th anniversary as an independent charity, which we marked during 2023–24. Throughout this time, our core theme has been the importance of experiences – people’s health and care stories – and the importance of deep listening as the antidote to some of the pressures in the system. This use of narrative is the common thread that unites all our work.
Among the highlights detailed here is the continued expansion of our work to implement Schwartz Rounds for health and care students. We have also been working with partners to help us think about how Schwartz Rounds can contribute to positive culture changes in Integrated Care Systems. Our Patient Experience programme continues to support organisations to listen deeply to their communities to understand what matters to them, including through the development of our new Courageous Conversations project.
Our Communities of Practice continue to grow and thrive, and we are fortunate to be part of such an inspiring network of people committed to the same values. We have also launched some special projects to mark our anniversary.
Page 3
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION
(A company limited by guarantee) TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024
Achievements and performance (continued)
Staff Experience programme
The experiences of staff working in health and care are intrinsically linked to the quality and safety of care they can deliver. Our Staff Experience programme – specifically Schwartz Rounds (‘Rounds’) – continues to support various health and care organisations, national charities, and Higher Education Institutions.
We have placed considerable emphasis in financial year 2024 on expanding our work with Higher Education Institutions (HEIs) – more than doubling the number of HEIs providing Rounds for their health and care staff and students. We believe the inter-professional understanding developed from Rounds can have significant longterm impacts, as students have reported carrying enhanced professional empathy with them through their careers.
During financial year 2024, we have widened the scope of places where Rounds take place. We have also experienced growth in new and emerging organisational forms including, Integrated Care Systems (ICSs) and their geographical ‘places’, Primary Care networks, professional bodies, and national charities.
Assessing the extent of the reach of Rounds within organisations remains an ongoing challenge. This is an important measure for understanding how Rounds are performing in terms of equity, diversity and inclusion. We’re continuing to work directly with the Schwartz Community to enable us to gather this data to demonstrate the impact of Rounds and to ensure they are accessible to everyone.
We have worked closely with our Community of Practice during financial year 2024 to understand what meaningful impact measures are for the Schwartz Community. These fall into three core categories: impact on individuals and teams; organisational impact; and impact at a systemic level. We are also reflecting on how measuring the impact of this intervention connects to our overall mission of humanising care.
We continue to hear feedback from participants who respond positively to Rounds and recognise their benefits. In financial year 2025, we are planning a bi-annual census approach across all sites to take a deeper measure of the impact of Schwartz Rounds from the lens of EDI. We will continue to encourage sites to collect their local impact data for each Round as this is a key factor for the sustainability of Rounds.
Some statistics on our Staff Experience work:
| Schwartz facilitators trained New Schwartz sites Organisations renewing Schwartz membership Schwartz community events Attendees at events Organisations represented at events Active regional Schwartz community networks Average attendance at network meetings Schwartz Community online resources - page views |
2023/24 487 25 70 16 612 189 8 38 56,996 |
2022/23 364 35 81 27 576 143 7 35 54,799 |
2021/22 |
|---|---|---|---|
| 352 26 104 10 225 143 7 35 2,141 |
Page 4
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION
(A company limited by guarantee) TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024
Achievements and performance (continued)
Higher Education Institutions
For students of health and care disciplines, attending Schwartz Rounds can, we believe, have a lasting impact on their compassion for patients, their colleagues and themselves, which they carry through their careers. We know that students attending Rounds during their training report feeling more courageous and confident in their clinical work, appreciate the roles and contribution of other health and care staff more, and feel less alone with the strong feelings that arise from working in this sector.
Financial year 2024 was a busy year for our work with Higher Education Institutions (HEIs). Many new HEIs across the UK, particularly in England, started to run Schwartz Rounds with their health and care students, bringing the total on board to 45.
New networks
The Schwartz South project, which is working with six HEIs, has continued to thrive, while financial year 2024 also saw the launch of two new regional HEI projects in England funded by Health Education England (now NHSE). Schwartz Midlands includes 14 HEIs coordinated through two regional hubs at – the University of Warwick and the University of Leicester. The Wessex and Isle of Wight ICS Schwartz Rounds Project is a collaboration between four HEIs and six NHS Trusts to run Rounds for healthcare students and newly qualified staff.
Alongside HEIs, we are also working with a number of professional bodies and royal colleges with a focus on their healthcare students and newly qualified staff. We ran Schwartz Rounds and/or presented on our HEI work at eight UK conferences and events during financial year 2024. This has proved a great way to introduce people to the origin story and the power of Schwartz Rounds and show how health and care students benefit from attending.
Our HEI Schwartz Rounds Community of Practice (CoP) continues to grow, enabling the collaborative and enthusiastic community of HEI staff to meet and share. The CoP met twice online, and held its first face-to-face meeting in London in October, attended by 36 people from 18 HEIs across the UK.
As the HEI work grows, we hear more about the organisational and systemic benefits of running student Schwartz Rounds, including the role they play in promoting interprofessional working, and in enabling collaboration and reciprocity, both within HEIs and between HEIs and their local NHS Trusts.
Patient Experience programme
Through our patient experience work, we seek to improve the quality and experience of the care people receive. The programme comprises commissioned projects to support quality improvement, and training and support for people seeking to design services to better support patients, families, and carers.
During the year, we ran six Experience-Based Co-Design (EBCD) training programmes, and supported two cohorts to complete the Foundation's in Patient Experience course (a course accredited by the Institute of Leadership and Management for people working in patient experience or quality improvement). This work supported 127 individuals from 9 countries. In our commissioned work, we ran four projects working closely with clients including NHS Trusts and national organisations in the UK and Canada, supporting a further 107 individuals.
'Train-the-trainer’ model
This year we saw an increase in demand for ‘Train-the-Trainer’ support, and we enjoyed partnering with teams to build capacity within their organisation to use EBCD. Our Train-the-Trainer model involves EBCD training and a day of reflection on local challenges and creating resources to support others within the organisation to use the EBCD method.
Page 5
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION (A company limited by guarantee) TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024
Achievements and performance (continued)
As resources and budgets remain tight within the health and social care sector, the Train-the-Trainer model allows teams to invest in key agents of change within their organisation, supporting the sustainability of EBCD projects and outcomes. As well as benefitting our partners, this approach works well for us because, through follow-up coaching support for six months, we are able to stay in contact with the real-life challenges people are facing and draw on the expertise of our team and associates to collaboratively work with those challenges.
Courageous Conversations
Alongside our ongoing work in the year, we’ve further developed our new Courageous Conversations project. This project aims to empower health and social care professionals and patients to confidently engage in important conversations that require stepping outside their comfort zone. Due to work pressures, there is a tendency to focus on the task at hand. However, we know by leaning into conversations about what matters to patients and their families, we can enhance their experiences and foster real connections. We are collaborating with professionals, patients, and caregivers to co-design a card deck and one-day workshop to help professionals reflect on the types of conversations they typically have and don’t have. During the year, we held three events with patients, and professionals and identified six core themes. We have now held six co-design events where we discussed each topic in more detail. We are currently in the process of consolidating the insights to develop a prototype card deck and one-day workshop outline. We will share these with our codesigners, make changes, and hope to be ready to trial the card deck and workshop towards the end of 2025. This will be a significant new product for The Point of Care, drawing on cross-organisational expertise, creating and holding powerful reflective spaces, and using storytelling for cultural change.
Some statistics on our Patient Experience work
During the year we trained 234 individuals from 84 organisations from 9 countries in quality improvement techniques. The training was delivered through 8 open programmes and 4 bespoke programmes.
Communities
Compassionate cultures in health and care organisations are a potent catalyst for improving patient care and staff wellbeing. Throughout financial year 2024, we worked to maintain and grow our Patient Experience and Schwartz Communities. All of our Communities of Practice (CoPs) thrived in financial year 2024 and we are very excited for more opportunities to gather in financial year 2025.
Throughout financial year 2024, our mentors continued to organise bi-monthly forums for the Schwartz Community across various regions: North West, North East, South West, South East, Midlands, and Northern Ireland. Additionally, we have sector-specific communities for Integrated Care Systems and Higher Education Institutions. These CoPs continue to ensure everyone in the Schwartz Community has an opportunity to connect share, learn, and grow.
In September 2023, we hosted two face-to-face events for the Schwartz Community (one in Manchester and one in London). These events provided a welcome opportunity for in-person networking as we continued to emerge from the era of Covid.
As part of our Patient Experience programme, we continued to grow our Experience-Based Co-Design (EBCD) and Patient Experience Communities of Practice in financial year 2024. Both CoPs experienced successful events, featuring a highly popular fishbowl event over the summer that brought together both groups with special guest speakers.
Our Foundation's in Patient Experience and EBCD course alumni highly value the CoPs as spaces for networking. This is particularly crucial for those consistently applying the EBCD method as part of their work or research. Throughout financial year 2024, we received extensive feedback expressing how these groups are invaluable, fostering a sense of connection among participants and enhancing their engagement with their careers. Read on for more feedback from our community events in financial year 2024.
Page 6
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION
(A company limited by guarantee) TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024
Achievements and performance (continued)
In November 2023, we co-hosted our first-ever Care Experience Symposium with Picker in Birmingham. This event aimed to understand, evaluate, and discuss ways to improve people’s experiences of receiving and providing care in England. Feedback from attendees at the event was overwhelmingly positive, with over 97% of respondents confirming they were satisfied or very satisfied. Due to the event’s success and positive feedback, we plan to host another Care Experience Symposium with Picker in autumn 2024.
Financial review
a. Introduction
The Foundation’s financial performance in the financial year ended 30 April 2024 worsened in comparison to the previous year.
Income decreased by 15% to £1,099,172 (2023: £1,286,557). The total resources expended increased by 6% to £1,052,988 (2023: £994,799). The Foundation had a surplus of income over expenditure of £46,184 (2023: £291,758). This is a welcome boost to our reserves, providing a platform from which to consider modest growth in the next twelve months.
At 30 April 2024, the balance sheet showed net assets of £938,580 (2023: £892,396) with restricted funds of £Nil (2023: £1,555) The bank balance at the balance sheet date was £1,636,692 (2023: £1,774,814) although it should be noted that £661,820 (2023: £864,343) of this comprised income deferred into subsequent years since it related to services contracted but not yet delivered as at 30 April 2024.
Going concern
As already mentioned above, during 2024, the Trustees undertook a review of the financial sustainability of the Foundation, with assistance from external consultants. The Trustees have subsequently concluded that the Foundation's programmes of work will be stronger and more sustainable under the auspices of a larger organisation or organisations with a more robust infrastructure. At the date of the approval of these financial statements, the Trustees have identified suitable host organisations with a view to closing The Point of Care Foundation during the financial year 2025-26. Accordingly, the financial statements have been prepared on a basis other than going concern.
It should be noted that the Foundation carries a comfortable level of reserves, which enables us to operate as usual during the transition period.
b. Reserves policy
The Trustees continue to adopt a reserves policy to reflect the state of development of the Foundation, financial commitments made to date, and the risk associated with the continuation of income generation going forward. The Trustees have established an unrestricted reserves policy with a reserves level set at a minimum of £175,000. This level would allow the Trustees to cover the costs of closure, should revenues not continue.
c. Risk management
The Point of Care Foundation maintains a risk register and regularly reviews and evaluates risk and identifies appropriate preventative activities to minimise risk to the organisation. Trustees are confident that risks have been identified and appropriate risk management measures are in place. However, risks are kept under continual review and regular risk evaluation exercises are undertaken with Trustees.
Page 7
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024
Structure, governance and management
a. Constitution
The Point of Care Foundation is a Charitable Incorporated Organisation registered at the Charity Commission in England and Wales with charity number 1151628. It was established by a constitution on 12 April 2013. Its principal address is The Foundry, 17 Oval Way, London, SE11 5RR.
b. Trustees
The Trustees who served during the year and up to the date of signature of the financial statements were:
Richard Smith CBE Donna Green Charlotte Brown Dr Hesham Abdalla (resigned 1 February 2024) Caroline Owusu-Bennoah Richard Evans Catherine Dale
c. Organisational structure and decision-making policies
The governance of the Foundation is the responsibility of the Board of Trustees, which takes decisions on the strategic leadership of the organisation by democratic majority vote at its general meetings, which occur quarterly. The September board meetings are usually full day meetings for all Trustees and staff to discuss the strategy and impact. Elected Trustees serve a three year term.
d. Policies adopted for the induction and training of Trustees
As part of their induction, all new Trustees are offered formal induction meetings with the Chairman and the Chief Executive. They also receive a pack of papers on the work of the Foundation containing recent board papers and Charity Commission guidance on Trustee responsibilities.
e. Related party relationships
The Foundation has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Foundation.
Disclosure of information to auditors
Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:
-
so far as that Trustee is aware, there is no relevant audit information of which thecharity's auditors are unaware, and
-
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information.
Page 8
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024
Auditors
The auditors, Blick Rothenberg Audit LLP, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Richard Smith CBE Trustee
28-Feb-25 | 09:41 GMT Date:
Page 9
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION
(A company limited by guarantee)
STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 30 APRIL 2024
The Trustees (who are also the directors of the Foundation for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial period . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Foundation and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Foundation will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Foundation's transactions and disclose with reasonable accuracy at any time the financial position of the Foundation and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Foundation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 10
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION
(A company limited by guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE POINT OF CARE FOUNDATION
FOR THE YEAR ENDED 30 APRIL 2024
Opinion
We have audited the financial statements of The Point of Care Foundation (the 'Foundation') for the year ended 30 April 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the Foundation's affairs as at 30 April 2024 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Foundation in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Emphasis of matter - Financial statements prepared on a basis other than going concern
We draw attention to note 2.2 to the financial statements which explains that the Trustees undertook a review of the financial sustainability of the Foundation, with assistance from external consultants. The Trustees have subsequently concluded that the Foundations programmes of work will be stronger and more sustainable under the auspices of a larger organisation or organisations with a more robust infrastructure. At the date of the approval of these financial statements, the Trustees have identified suitable host organisations with a view to closing The Point of Care Foundation during the financial year 2025-26. Accordingly, the financial statements have been prepared on a basis other than going concern. Our opinion is not modified in respect of this matter.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Page 11
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION
(A company limited by guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE POINT OF CARE FOUNDATION (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditors' report thereon. The Trustees are responsible for the other information contained 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 assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent 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 material misstatements, we are required to determine whether this gives rise to a material 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.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
-
the information given in the Trustees' report is inconsistent in any material respect with the financial statements; or
-
sufficient accounting records have not been kept; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
we have not received all the information and explanations we require for our audit.
Responsibilities of Trustees
As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the Foundation for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the Foundation's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Foundation's or to cease operations, or have no realistic alternative but to do so.
Page 12
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION
(A company limited by guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE POINT OF CARE FOUNDATION (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024
Auditors' responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
-
the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
-
we identified the laws and regulations applicable to the Foundation through discussions with management, and from our commercial knowledge and experience of the charitable sector;
-
we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charitable incorporation, including the Charities Act 2011, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;
-
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
-
identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the Foundation’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
-
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
-
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
-
performed analytical procedures to identify any unusual or unexpected relationships;
-
tested a sample of journal entries to identify unusual transactions;
-
assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
-
investigated the rationale behind significant or unusual transactions.
Page 13
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION
(A company limited by guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE POINT OF CARE FOUNDATION (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024
Auditors' responsibilities for the audit of the financial statements (continued)
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
-
agreeing financial statement disclosures to underlying supporting documentation;
-
reading the minutes of meetings of those charged with governance;
-
reviewing correspondence with HM Revenue and Customs and the Charities Commission; and
-
enquiring of management as to actual and potential litigation and claims.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors' report.
Use of our report
This report is made solely to the Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the Trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Foundation and the Foundation's Trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Christopher Shepherd (senior statutory auditor)
for and on behalf of Blick Rothenberg Audit LLP
Chartered Accountants Statutory Auditor 16 Great Queen Street Covent Garden London WC2B 5AH
Date: 28-Feb-25 | 09:44 GMT
Blick Rothenberg Audit LLP is eligible for appointment as auditor of the Foundation by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
Page 14
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 APRIL 2024
| Note Income from: Donations and legacies 3 Charitable activities 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2024 £ 120,000 979,172 1,099,172 1,051,433 1,051,433 47,739 890,841 47,739 938,580 |
Restricted funds 2024 £ - - - 1,555 1,555 (1,555) 1,555 (1,555) - |
Total funds 2024 £ 120,000 979,172 1,099,172 1,052,988 1,052,988 46,184 892,396 46,184 938,580 |
Total funds 2023 £ 212,766 1,073,791 |
|---|---|---|---|---|
| 1,286,557 | ||||
| 994,799 | ||||
| 994,799 | ||||
| 291,758 | ||||
| 600,638 291,758 |
||||
| 892,396 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 19 to 32 form part of these financial statements.
Page 15
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
REGISTERED NUMBER: CE000341
THE POINT OF CARE FOUNDATION
(A company limited by guarantee)
BALANCE SHEET FOR THE YEAR ENDED 30 APRIL 2024
| Note Fixed assets Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 14 Total net assets Charity funds Restricted funds 15 Unrestricted funds 15 Total funds |
99,615 1,636,692 1,736,307 (665,526) |
2024 £ 7,854 7,854 1,070,781 1,078,635 (140,055) 938,580 - 938,580 938,580 |
102,827 1,774,814 1,877,641 (841,573) |
2023 £ 10,576 10,576 1,036,068 1,046,644 (154,248) 892,396 1,555 890,841 892,396 |
|---|---|---|---|---|
Page 16
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION
(A company limited by guarantee)
BALANCE SHEET (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024
The entity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
However, an audit is required in accordance with section 144 of the Charities Act 2011.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Richard Smith CBE Trustee
Date:
28-Feb-25 | 09:41 GMT
The notes on pages 19 to 32 form part of these financial statements.
Page 17
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION
(A company limited by guarantee)
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 APRIL 2024
| Note Cash flows from operating activities Net cash used in operating activities 18 Cash flows from investing activities Purchase of tangible assets Net cash used in investing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year 19 The notes on pages 19 to 32 form part of these financial statements |
2024 £ (132,220) (5,902) (5,902) (138,122) 1,774,814 1,636,692 |
2023 £ 150,553 (11,421) (11,421) 139,132 1,635,682 1,774,814 |
|---|---|---|
Page 18
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
THE POINT OF CARE FOUNDATION (A company limited by guarantee)
1. General information
The Point of Care Foundation is a Charitable Incorporated Organisation registered at the Charity Commission in England and Wales with charity number 1151628. Its principal address is The Foundry, 17 Oval Way, London, SE11 5RR.
The financial statements are presented in Sterling (£), which is the functional currency of the Foundation. Monetary amounts in these financial statements are rounded to the nearest £.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Point of Care Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
During 2024, the Trustees undertook a review of the financial sustainability of the Foundation, with assistance from external consultants. The Trustees have subsequently concluded that the Foundation's programmes of work will be stronger and more sustainable under the auspices of a larger organisation or organisations with a more robust infrastructure. At the date of the approval of these financial statements, the Trustees have identified suitable host organisations with a view to closing The Point of Care Foundation during the financial year 2025-26. Accordingly, the financial statements have been prepared on a basis other than going concern.
The Trustees have a reasonable expectation that the Foundation has adequate resources to continue in operational existence and meet its liabilities as they fall due up to the eventual cessation of the Foundation and no material adjustments have arisen as a result of not adopting the going concern basis in preparing the financial statements.
2.3 Income
All income is recognised once the Foundation has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Foundation has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Foundation, can be reliably measured.
Grants are included in the statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Page 19
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
2. Accounting policies (continued)
2.4 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used.
2.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Foundation's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.6 Intangible assets and amortisation
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life.
Amortisation is provided on the following basis:
Website costs - 33 % straight line
2.7 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
At each reporting date the Foundation assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
Page 20
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
THE POINT OF CARE FOUNDATION
(A company limited by guarantee)
2. Accounting policies (continued)
2.7 Tangible fixed assets and depreciation (continued)
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Plant and machinery - 33% Fixtures and fittings - 10%
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.9 Financial instruments
The Foundation has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.
Financial assets and financial liabilities are recognised when the Foundation becomes party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Foundation after deducting all of its liabilities.
The Foundation’s policies for its major classes of financial assets and financial liabilities are set out below.
Financial assets
Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Financial liabilities
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Page 21
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
2. Accounting policies (continued)
Financial instruments (continued)
Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of financial activities.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the statement of financial activities.
Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.10 Operating leases
Rentals paid under operating leases are charged to the statement of financial activities on a straightline basis over the lease term.
2.11 Pensions
The Foundation operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Foundation to the fund in respect of the year.
Page 22
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
2. Accounting policies (continued)
2.12 Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.
3. Income from donations and legacies
| Unrestricted funds 2024 £ Legacies 120,000 Grants - 120,000 Total 2023 150,000 |
Restricted funds 2024 £ - - - 62,766 |
Total funds 2024 £ 120,000 - 120,000 212,766 |
Total funds 2023 £ 150,000 62,766 |
|---|---|---|---|
| 212,766 | |||
4. Income from charitable activities
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2024 | 2024 | 2023 | |
| £ | £ | £ | |
| Income from charitable activities | 979,172 | 979,172 | 1,073,791 |
5. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted funds 2024 £ Direct costs 1,051,433 Total 2023 933,588 |
Restricted funds 2024 £ 1,555 61,211 |
Total 2024 £ 1,052,988 994,799 |
Total 2023 £ 994,799 |
|---|---|---|---|
Page 23
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
6. Analysis of expenditure by activities
| Direct costs Total 2023 |
Activities undertaken directly 2024 £ 926,146 879,373 |
Support costs 2024 £ 126,842 115,426 |
Total funds 2024 £ 1,052,988 994,799 |
Total funds 2023 £ 994,799 |
|---|---|---|---|---|
Analysis of direct costs
| Staff costs Depreciation Other costs |
Activities 2024 £ 542,376 8,624 375,146 926,146 |
Total funds 2024 £ 542,376 8,624 375,146 926,146 |
Total funds 2023 £ 476,467 7,639 395,267 |
|---|---|---|---|
| 879,373 |
Analysis of support costs
| Staff costs General administration Governance costs |
Activities 2024 £ 65,477 32,725 28,640 126,842 |
Total funds 2024 £ 65,477 32,725 28,640 126,842 |
Total funds 2023 £ 62,916 33,160 19,350 |
|---|---|---|---|
| 115,426 |
7. Auditors' remuneration
The auditors' remuneration amounts to an auditor fee of £18,900 (2023 - £19,350 exclusive of VAT).
Page 24
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
8. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2024 £ 509,850 50,453 47,550 607,853 |
2023 £ 464,375 39,972 35,036 |
|---|---|---|
| 539,383 |
The average number of persons employed by the Foundation during the year was as follows:
| 2024 | 2023 |
|---|---|
| No. | No. |
| 14 | 12 |
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
| 2024 | 2023 | ||
|---|---|---|---|
| No. | No. | ||
| In the band £60,001 | - £70,000 | 1 | 1 |
Payments to key management personnel during the year totalled £166,868 (2023: £161,317)
9. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year, expenses totalling £1,476 were reimbursed to the Trustees' (2023 - £NIL).
Page 25
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
| 10. Intangible assets Cost At 1 May 2023 Disposals At 30 April 2024 Amortisation At 1 May 2023 On disposals At 30 April 2024 Net book value At 30 April 2024 At 30 April 2023 |
Computer software £ 55,783 (20,904) 34,879 55,783 (20,904) 34,879 - - |
|---|---|
Page 26
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
11. Tangible fixed assets
| Cost At 1 May 2023 Additions Disposals At 30 April 2024 Depreciation At 1 May 2023 Charge for the year On disposals At 30 April 2024 Net book value At 30 April 2024 At 30 April 2023 12. Debtors Due within one year Trade debtors Other debtors Prepayments and accrued income |
Plant and machinery £ 35,684 5,585 (15,107) 26,162 27,120 7,204 (15,107) 19,217 6,945 8,564 |
Fixtures and fittings £ 3,942 317 - 4,259 1,930 1,420 - 3,350 909 2,012 2024 £ 83,433 2,577 13,605 99,615 |
Total £ 39,626 5,902 (15,107) 30,421 29,050 8,624 (15,107) 22,567 7,854 10,576 2023 £ 87,880 2,577 12,370 102,827 |
|---|---|---|---|
Page 27
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
13. Creditors: amounts falling due within one year
| Trade creditors Other taxation and social security Accruals and deferred income |
2024 £ 13,332 64,867 587,327 665,526 |
2023 £ 19,652 51,889 770,032 |
|---|---|---|
| 841,573 |
Income is deferred only when the Foundation has to fulfil conditions before becoming entitled to it or where the funder has specified that the income is to be used in a future accounting period.
14. Creditors: amounts falling due after more than one year
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 140,055 | 154,248 |
Income is deferred only when the Foundation has to fulfil conditions before becoming entitled to it or where the funder has specified that the income is to be used in a future accounting period.
15. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds - all funds Restricted funds Restricted Funds - all funds Total of funds |
Balance at 1 May 2023 £ 890,841 1,555 892,396 |
Income £ 1,099,172 - 1,099,172 |
Expenditure £ (1,051,433) (1,555) (1,052,988) |
Balance at 30 April 2024 £ 938,580 |
|---|---|---|---|---|
| - | ||||
| 938,580 |
Page 28
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
15. Statement of funds (continued)
Statement of funds - prior year
| General Funds - all funds Restricted funds THIS. Institute Manchester Metropolitan University The Health Foundation Total of funds |
Balance at 1 May 2022 £ 600,638 Balance at 1 May 2022 £ - - - - 600,638 |
Income £ 1,223,791 Income £ 12,489 9,232 41,045 62,766 1,286,557 |
Expenditure £ Balance at 30 April 2023 £ (933,588) 890,841 Expenditure £ Balance at 30 April 2023 £ (12,489) - (9,232) - (39,490) 1,555 (61,211) 1,555 (994,799) 892,396 |
Expenditure £ Balance at 30 April 2023 £ (933,588) 890,841 Expenditure £ Balance at 30 April 2023 £ (12,489) - (9,232) - (39,490) 1,555 (61,211) 1,555 (994,799) 892,396 |
|---|---|---|---|---|
| 1,555 | ||||
| 892,396 |
16. Summary of funds
Summary of funds - current year
General funds Restricted funds |
Balance at 1 May 2023 £ 890,841 1,555 892,396 |
Income £ 1,099,172 - 1,099,172 |
Expenditure £ (1,051,433) (1,555) (1,052,988) |
Balance at 30 April 2024 £ 938,580 - |
|---|---|---|---|---|
| 938,580 |
Page 29
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
16. Summary of funds (continued)
Summary of funds - prior year
| General funds Restricted funds |
Balance at 1 May 2022 £ 600,638 - 600,638 |
Income £ 1,223,791 62,766 1,286,557 |
Expenditure £ Balance at 30 April 2023 £ (933,588) 890,841 (61,211) 1,555 (994,799) 892,396 |
Expenditure £ Balance at 30 April 2023 £ (933,588) 890,841 (61,211) 1,555 (994,799) 892,396 |
|---|---|---|---|---|
| 892,396 |
17. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Unrestricted funds 2024 £ Tangible fixed assets 7,854 Current assets 1,736,307 Creditors due within one year (665,526) Creditors due in more than one year (140,055) Total 938,580 |
Total funds 2024 £ 7,854 1,736,307 (665,526) (140,055) |
|---|---|
| 938,580 |
Analysis of net assets between funds - prior period
| Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total |
Unrestricted funds 2023 £ 10,576 1,876,086 (841,573) (154,248) 890,841 |
Restricted funds 2023 £ - 1,555 - - 1,555 |
Total funds 2023 £ 10,576 1,877,641 (841,573) (154,248) |
|---|---|---|---|
| 892,396 |
Page 30
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
THE POINT OF CARE FOUNDATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
18. Reconciliation of net movement in funds to net cash flow from operating activities
| Net income for the period (as per Statement of Financial Activities) Adjustments for: Depreciation charges Decrease/(increase) in debtors Increase in creditors Decrease in deferred income Net cash provided by/(used in) operating activities 19. Analysis of cash and cash equivalents Cash in hand 20. Analysis of changes in net debt At 1 May 2023 £ Cash at bank and in hand 1,774,814 21. Operating lease commitments At 30 April 2024 the Foundation had commitments to make future minimum cancellable operating leases as follows: Falling due within one year Rent payable |
2024 2023 £ £ 46,184 291,758 8,624 7,639 3,212 (15,197) 12,774 9,233 (203,014) (142,880) (132,220) 150,553 2024 2023 £ £ 1,636,692 1,774,814 Cash flows At 30 April 2024 £ £ (138,122) 1,636,692 lease payments under non- 2024 2023 £ £ 6,732 4,644 |
|---|---|
Page 31
Docusign Envelope ID: 8C522CCE-FAAC-4904-ABB5-06917FCFE276
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
THE POINT OF CARE FOUNDATION
(A company limited by guarantee)
22. Related party transactions
The Foundation has not entered into any related party transaction during the year, except as disclosed in note 9, nor are there any outstanding balances owing between related parties and the Foundation at 30 April 2024.
23. Post balance sheet events
During 2024, the Trustees undertook a review of the financial sustainability of the Foundation, with assistance from external consultants. The Trustees have subsequently concluded that the Foundation's programmes of work will be stronger and more sustainable under the auspices of a larger organisation or organisations with a more robust infrastructure. At the date of these accounts, the Trustees have identified suitable host organisations with a view to closing The Point of Care Foundation during the financial year 2025-26.
Page 32