accoLtniants & financial experts ealthwatch MK CIO FAO.. Miss D Prior Suite113 Milton Keynes Business Centre Linford Wood Milton Keynes MK146GD 16" September 2024. Dear Sirs, Re: H?8lthWat¢h MKCIO Please find enclosed the rwo copies of rhe signed printed unaudited financial statements as requested. I have also enclosed the signature pages of a third copy. Please Can Carol Older sign the loose pages 8nd return them to us at your convenience. If you have any questions, please call me io discuss them. Yours sincerely. Ai4 gGLLJ AJR&Co Ltd Healthwalch MK CIO Trusteès Annual Rèport The charity is part of a network of local Healthwatch co-ordinèted by a national organisation, Healthwatth En8land. All new tru5tee5 are inducted by the Chair of Healthwatch MiltoTr Keynes and Chief Executive Officer and ale given basic documentation on the work of the organisation, including the Constitution, Stèndin8 Procedures nd Term5 of Reference forTrustees. The Trustees are fe5ponsible for keeping proper accountlng records that d15close with reasonable accuracy at any time the financial posltion of the charity and to enable them to ensure that the linancial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding ihe assets of the charity and hence taking reasonable steps for the prevention and detection ol fraud and other ifregularities. Healthwatth Mllton Keynes15 grant funded by Mllton Keyrses Councll but acts completely independentty. The above report has been prepared accordance with the provisions applicable to companles subject to the small companles re8lme as set out In Part IS of the Companles Att 2006 and in accordance with the Charities SORP IFRS 1021. Si8ned on be If of th board C. Older Trustee 20 lune 2024 Pale 6 HealthWat¢h MK CIO Independent Emamlners Report Independent Examlner's Report to the trustees of Healthwaich MK CIO I report to the charity trustees on my exèminètion of the financial statemenis of Healthwatch MK CIO for the year ended 31 March 2024. Responslblllties and basls of report As the charity's trustees of ihe company land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061'the 2006 Aci'l. Havin8 satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2(M)6 Act and are eligible for independeni examination. I report in respect of my examination of your charity's ftnancial statements as carried out under section 145 of the Charities Act 20111.the 2011 Act'l. In carrying oilt my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Indepèndent examlner's statement I have completed my examination. I can confirm that material matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in accordance with section 386 of the 2006 Act,. or the financial statements do not accord with those records. or the financial statements do not comply with the accounling requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'irue and fair, view which is not a matter considered as part of an independent examination,. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Prattice for accounting and reporting by charities applicable to charities preparing their a¢tounts in atcordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this feport in order to enable a proper understanding of the financial statements to be reached. Andrew Richardson BA FCA Institute of Chartered Accountants in England and Wales JR&CoLtd The Barn Ila Queen Catherine Road Steeple Claydon Buckin8hamshire MK18 2PZ 20 June 2024 PaRe 7 Healthwatch MK CIO Balante Sheet As at 31 March 2024 Company No. CE006981 Note$ 1024 2023 Flxed assets Tangible a55ets li 1,615 1,61S 1,770 1.770 Current assets Debtors Cash at bank and in hand 12 2,799 145.979 148,778 171,5251 77.253 1.457 39,596 41.053 111,4371 Credltors.. Amount falling due withln one year Net current assets 13 29.616 Total assets less currènt Ilabllltles 78.868 31,386 Net Jssets ex¢ludlng penslon asset or Ilablllty Total net assets 78,868 31,386 The lunds ol the rharlty Restricted funds Unrestrlctèd funds General funds 15 Is 78,868 31,386 78,868 31,386 Reserves Is Totsl funds Approved by Ihe l)03rd on 20 June 2024 And signed on Its behalf by.. C. Older Chairper50n of the board of Trvstee'$20 lune 2024 PaRe 10 Healthwatch MK CIO Notes to the Accounts for thè year ended 31 March 2024 l Accountlng pollcles Ba515 of préparatlon The financial statement5 have been Prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practlce applicable to charsties preparing their accounis in accordance wilh the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leflective I january 20191- Icharities SORP IFRS 10211, the Financial Reporting Standard applicable In the UK ènd Republic of Ireland IFRS 1021 and the Companles Act 2006. Change In basls of accountlng or to pre¥lous accounts TheTe ha5 been no change to the accountin8 policies Ivaluation rules and rnethod of accounting) since last year and no changes have been made to account5 for previous years. Fund accountlng Unrestricted fund5 These are available for use at the discretion of the trustees In lurtheraDce of the general objects of the charitv. These are vnrestricted funds earmarked by the trustees for partlcular purposes. These are unresiricted funds which include a revaluation reseNe representin8 the restatement of investment assets at their market values. These are available for use subject to rtstrictions Imposed by the donor or through terms of an appeal. Designated funds Revaluatlon funds Restricted funds Income Recognition of income Income is Included In the Statemeni ol Financial Actlvitles1SoFAI when the charity becomes entitled to, and virtually cèrtain to recelve, the In¢ome and the amount ol the income can be measufed with sufllclent reliability. Income with related Where Ineome has related expendlture the income and relaled expendiiure is expenditure reported gros5 in the SOFA. Donations and legacies Voluntary Income Teceived by way of grants, donations and 81fts is Included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included In the SOFA at the same time as the donations and gifts glftldonation to whlch It relates. These are only included in Income (with an equivalent amoupt In expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material. The value of any volLbnteer help received is not included In the accounts. Donated seNices and facilities Volunteer help Inve51ment income This is iThcluded in the accounts when receivable. This includes any 8aln or loss resultinB Irom revaluin8 investments io market value Gains/llossesl Orb revaluation of fixed at the end of the year. assets Gainslllossesl on inve5trnent assets This includes any gain or loss on the sale of lThve5tments. PaRe 11 Healthwatch MK CIO Charlty 1166148 Comp•ny No. CE006981 Trustees, Report and Un•udlted Ac¢ounts JI ￿r£h 2024 Healthwatch MK CIO Contents Pages 2to6 Trustees, Annual Report Independent Examiner's Report Statement of Financial Aciivitles Symmary Income and Expenditure Account Balance Sheet io Notes to the Accounts Detailed Statement of Financial AciNities Ilto17 181019 Pale I Healihwatch MK CIO TrusteesAnnual Report The truslees. who are also directors of the charity for the purposes of the Companies Act 2￿6. present their report wlth the Unaudited financial statements of the charlty for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DETAILS Company No. CE006981 Charlty No. 1166148 Re8lstered Offl¢e Suite 113 Milton Keynes 8u5iness Centre Linford Wood Milton Keynes MK14 6GD Dlrtctors and Trustees rhe Directors of the chafltable ctsmpany are its Truslee5 for the purposes of charity law. The following Direttors and Trustees served durin8 the year.. M. Cass P. Dav M. Lalanl S. Lazell J. Maslen C. Older D. Pearce V. Singh M.Tait IAesi&ned 29 September 20231 J. Whild (Resigned 29 September 20231 Accountants AJR & Co Ltd The Barn Ila Queen Catherine Road Steeple Claydon Buckin8hamshlre MKI8 2PZ OBJEcfivES AND AcfiviTIES The charity's objects are the advancement of health and the relief of those in need by reason of youth, ill healih, disability or financial hardship. The policies adopted in furtherance of these objects aye.. • Providing information and advice to the general public about local health and social care services, Makin8 the vlews and experiences of members ol the general public known to health and social cafe providers, • Enabling local people to have a voice In the development. dellvery and equality of access to local health and care services and facilities. and PaRe 2 Healthwatch MK CIO TrusieesAnnual Report Providing training and ihe development of skills for volunteers and ihe wider community in understanding, scrulini5ing, revlewing and monStoring local health and care services and facilities. Healthwatch MK CIO aims to give cit12ens and commvnitie5 in Milton Keynes a stronger voice to ¢nfluence and challenge how health and social cère services are provided within their localitv. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The Trustees have examined the guidance issued by the Charity Commission and confirm that Healthwatch Milton Keynes meets the pvblic benefit requirement in both of its aspects (the benefit aspeci. and the public aspect). Healthwatch Milton Keyne5 has both statutory and voluntary activities. Statutory responsibilities include representing the views and experiences of reciplents of health and social cafe services on the loeal Health and Wellbeing 8oard, monitoring annual Quality Accounts produced by providers of NHS services, publishing evidence of service user, patient and carer experience of health and social care services and providin8 advice and signposting to health and social care support. Vol¢Jntary activities tnclude Enter and View visits. the organisation of public and patient èn8agement events, conducting and assisting v4ith surveys and projects in the health and social care field, and ensuring thèt the paiieni and public voice is heard and atted upon. While the work of Healthwaich Milton Keynes is coordinated and administered by paid staff members, Its governance and some of its activities depend upon volunteers. ACHIEVEMENTS AND PERFORMANCE Healthwatch Milton Keynes ensures that voices of the public, patients, service users, their families and ¢arers are heard in policy decision-makiog in the health and social care field. through the publication of evidence-based research. engagement activities and its membershtp of 5trate8ic Boards and Committees whtch include the Bedfordshire. Luton and Milton Keynes Integrated Care Board IBLMK ICBI. Bedfordshire, Luton and Milton Keyftes Health and Care Partnership IBLMK HCPI, the Milton Keynes Health and Care Partnership IMKHCPI and Its functions as the loc31 Health and Wellbeing Board and Integrated Care System 'Place' Board. Milton Keynes City Council's Health and Adult Social Care Scrutiny Committee and Milton Keynes Llniversrty Hospital Trust Council of Governors. Healthwatch Milton Keynes collaborates with other Healthwatch bodies in surrounding Local Authority areas to monitorthe development and delivery of the Bedfordshtre. Luton and Mihon Keynes Integrated Care System IBLMK ICSI. A memorandum of understanding is in place between Healthwatch Milton Keyne5 and other local Healthwatch in Luton, Central Bedfordshire and Bedford Borough that sets out a collaborative working agreement to ensure that the votces of all communities in Bedfordshire, Luton and Milton Keynes are equ311y and equitably involved in the work of the Bedfordshire, Luton and Milton Keynes Integrated Care System. A memorandum of understanding between the BLMK local Healthwateh Collaborative and the BLMK ICB io ensuie that the v¢ews and experiences of residents within all four unitary authorities with Bedford5hire, Luton and Milton Keynes are equally represented and considered. Heahhwatch Milton Keynes has a programrne of Service evaluatlon and scrutiny projects which includes a large programrne of Enter and View visits into healih and care services. Healthwateh Milton Keynes 3150 delivers a programme of engagement with the publ1¢ through planned and responsive engagement events and focu5 groups. Healthwatch Milton Keynes. Annual General Members IAGMI meetin8 was held in September 2023. Pale 3 Healthwatch MK CIO Try5teesAnnual Rèport Healthwatch Milton Keynes publishes an Annual Report on 30th June each year, a monthly digstal new51etter for subscribers and maintains a permanent telephone and web-based advice and signposting seryice for the public to seek support, share experiences of care and raise complirnents and coThcerns èbout health and social care services. Healthwatch Milton Keynes published findings from a programme of Enter and view visits to tweniy-three Care Homes, one private clinical setting which provides NHS services under local arrangements. one Community Diagnostic Centre and two GP Practices. The charlty also published reports on GP Access and experiences of health inequalities. Healthwatch Milton Keynes ran public engagement, surveys and listenin8 event5 concerning Piimary Care access, Womens Health, Mens health. pre-conception care, personalisation of care in communltles, and inequalities In health aTrd care. In addition, the charity continued to take an active role In supporting the evolving establishment of Bedlordshire. Luton and Milton Keynes Integrated Care System IICSI working with 5trateglc partners on the development of the Integrated Care System's Joint Forward Plan and Worklng wlth People and Communlties strategy. The charity provided support to the Inte8rated Care Board to develop the Denny Review- a BLMK-wide report of health inequalities and provide input into the report's recommendation5. Healthwatch Milton Keynes involves citizens directly In its activitie5 intluding their views on what activities the Charity sh'ould prioritise, in the plannin8 and delivery of its Enter and View vlsits, in research and as patient representative5 at local Boards and Forums. Healthwatch Milton Keynes maintains a group volunteers, ex¢ludin8 Trustees. FINANCIAL REVIEW The charity receives grant funding fron) Milton Keynes Council, paid annually. The current grant agreement covers a period fiom 1st April 2023 - 31st March 2026 lor the Sum of £173,644 per annum. This sum 15 constant throu8houl the &8reemeni period and not subject to inflation. There is no curreni inditalion of risk in reBard to the Charity's main grant, but Healthwatch Milton Keynes (CIO) holds sufficient funds for a solvent closure by means of one month's operating costs held in reseNe5 and on these bases the Board of Trustees belleve the going concern basls of preparation Is appropriate. It is the policy of Healthwatch Milton Keynes io commit unrestricted funds which have noi been designated for a specific activ¢ty io maintain reserves at a level to support runnin8 Costs In the event that a change in government or commissioning policy necessitates the winding up of the or8anisation. On an annual basis Healthwaich Milton Keynes will produce a Budget for the full financial year, and six-month Reforecast for ottober- March, and will set a minirnum reseNes calculation based on Its estimate5 of the sums required io achieve an orderly close-down of the organisation. This is balanced with the funding availoble and takes into consideration the Ilkely funds requlred to 5UPPOrt the or8anisation if there 15 a late payment of a contract invoice. Reserve5 review5 will take into account staff costs (during the close down and at the end of the contract, assuming members of staff are not transferred to another organisatlon under TUPEI. any contract terms loffice accommodation and office suppliesl- legal and professlonal fees and running costs. The Boaid will keep the level of reserves under an annual review to ensure that it is adequate and appropriate to meet the requirements of the organisation. The current reserves sum has been reviewed by the Board of Trustees ai £38,000. Total Reserves at the year*nd were £78,868. The cash funds at the year-end were £145,979, all of which 15 unrestricted. PaRe 4 Healthwatch MK CIO Trustees Annual Report Healthwatch Milton Keynes received £136,397 lin addition tts the core funding from Milton Keynes Councsll funding through grants and contracts in 2023-24. This included.. • £1.200 by Healthwatch England to delivery Enter and view training to professionals in the Healthwatch network. £875 from Healthwatch England to undertake Enter and view activities in Community Oiagnostic Centres. £4.OLKI from BIMK ICB to deliver Community Research Activities mapping. £24,865 from Central Northwest London Trust ICNWLI to undertake a weekly experience clinic at the Campbell Centre. £41,815 by Milton Keynes City Council through the 'MK Deal, to gather evidence of patient experience of hospital discharge and inform the design of a new Integrated Discharge Pathway and to inform the development of the Bletchley Pathf¢nder. £6,998 frorn 8LMK ICB to deliver aciivities to improve women'5 knowledge and acce5S to pre-conception information. £S0.000 from BLMK ICB to deliver attivities against the rettsmmendations of the Denny Review. • £6,636 from 8LMK ICB to deliver focus 8ro(tP5 to to-design future Musculoskeletal servites. The ttme span for some of the above projects covers both 2023-24 and 2024-25 and thus income has onlv been recognised rn the income and eypenditure account when it has been eafned. Any funding received by 31st March 2024 but relating to work to be carried out 3fter the year end is shown as deferred income in the balance sheel. Healthwatch Milton Keynes current end of year funds exceed that of our planned reserves as at 31st March 2024. Funds being carried forward into the 2024-25 reflect some underspends on projects due to staff turnover in the year which are planned to be retruited and spent in 2024-25. There is also a need io build up reserves to cover years in the future where there may not be so much opportunity to inciease funds through projects- so we can continue to be able to potentially wind up the charity in an orderly manner. The charity is budgeted to make 3 deficit in 2024-25 reflecting the catch up spends on projects and the inflation of costs related to the provision of MKC core services not being covered by the level of the grant. The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. STRucfuRE, GOVERNANCE AND MANAGEMENT The charity is a charitable incorporated organi53tion governed by a Charity Commission Foundation model constituiion for a Charitable Incorporated Organssation. Healihwatch Milton Keynes CIO amended its governing document from CIO A550Clation IRegi5teied 21 March 2016 to CIO Foundation on 29 September 20231. It re815tered as a charity with the Charity Commis5i0n on 21st March 2016, charity number 1166148. Trustees are appointed following the procedures laid down in the Constitution. Trustees are appointed for a term of three years, and can serve for thfee consecutive term5. The maximum number of trustees permitted is 12. Healthwatch Milton Keynes has a nucleus of paid staff, including a full-time CEO and deputy CEO, and three part time officer5, dealing respectively with administration, communications, engagement, and Pfogramme delivery. The charity contracts sessional workers for ad hoc support. One se55ional worker w35 employed by the charity in 2023-24. The Charity also funded, from 3dditional grants and contracts two tempo¥ary posts for delivery of agreed activities. Paoe S Healthwatch MK CIO Trustees Annual Report The charityls Part of a network of local Healthwatch co-ordinated by a national organisation, Healthwaich England. All new trustees are inducted by the Chair of Healthwaich Milton Keynes and Chief Executive Officer and are given basic documentation on the work of the organisation, including the Constitution, Standing Procedures and Term5 of Reference for Trustees. The Trustees are responsible for keeping proper accountin8 records that dlsclose with reasonable accuracy at Ay time the financial posStion of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the Charity and hence takin8 feasonable steps for the prevention and detection ol fraud and other irregularities. Htalthwatch Milton Keynes Is grant funded by Mllton Keynes Council but acts completely independently. The above report has been prepared In accordance wlth the piovlslons applicable to companie5 5ubje¢t io Ihe small ¢ompanie5 re8lme as set out In Part 15 of the Companles Act 2¢)06 and In accordance wlth the Charities SORP IFRS 1021. Signed on behalf of the board Ider Trustee 20 June 2024 PaRe 6 Healthwatch MK CIO Independent Examlners Report Independent Emamlner's Report to the trustèès of Hèalthwatch MK CIO I report to the charity trusiees on my examination of the financial statements of Healthwatch MK CIO for the year ended 31 March 2024. Responslbllltles and basls of report As the charity's trustees of the company land also Its directors for the purposes of company lawl you are responsible for the preparatlon of the financial statements in accordance with the requirements of ihe Companies Act 20061.the 2006 Act'l. Havlng satisfied myself that tl)e flnantial 5taterrent5 of the Charity are not required to be audited under Part 16 of the 21X)6 Act and are eligible for independent examinatlon, I report in respect of my examination of your chartly's financial statements as carried out undef section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examinatlon I have followed the Directlons given by the Charlty Commlsslon under section 145151 Ibl of the 2011 Act. Independent examlner's statemènt I have completed my examinatlL)n. l Can confirm that no materlal matters have come to my attention In tonnection wlth the examinatlon BlvinB me cause to believe,, accouniing records weie not kept in accordance wilh sectlon 386 of the 2006 Act. or the financial statements do not accord with those records,. or Ihe financial staiemenis do not comply with the accounting requlrements under section 396 of the 2006 Act other than any requirement thai the financial statements glve a 'true and falr, view whlch is not a matter consideied as part of an independent examinatlon., OT the financial siatement5 have noi been prepared in accordance wSth the methods and prlnciples of the Statement of Recommended Practice for accounting and reporting by charities applicable to chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other mallers In connection wlth the examlnatlon to which attention should be drawn in this report in order to enable a proper understandlng of the flnancial staiemenis to be reached. Andrew Richard50n BA FCA Institute of Chartered Aecountants in England and Wales IR&CoLtd The Barn Ila Queen Catherlne Road Steeple C13ydon 8uckinghamshire MK18 2PZ 20 lune 2024 Paqe 7 Healthwatch MK CIO Statement of Flnancial Actlvltle5 For the year ended 31 March 2024 Unrestrlcted funds 2024 Total funds Total funds 2023 2024 Notes Intome and endowments from: Donations and legacies 244.238 244,238 180,806 Total 244,238 244,238 180,806 Expendlture on: Raising fund5 Direct charitable actlvltles 3,899 1,920 190,937 196,756 3,899 1,920 190,937 1,677 5,593 176,811 Indirect charitable activities Total 196,756 184,081 Net gains on investments Net Incomellexpendlturel Transfers between funds 47,482 13,2751 Net Incomellexpendlturel before other 8alnslllosses1 Other ga5ns and losses 47,482 47,482 13,2751 Net movement In funds 47,482 47,482 13,2751 Reconclllatlon of fund5: Total funds brou8ht forward 31,386 31,386 34,661 Total fvnds me can be measured with sufficient reliability, Income with related Where income has related expendlture the Income and related expenditure is expenditure reported 8r055 in the SOFA. Voluntary income received by way of grants. donatlons and 8ifts is ineluded in the the SOFA when receivable and only when the Charity ha5 unconditional entitlement to the income. Tax reclaims on Income from tax reclaim5 15 included in the SOFA at the same time as the donations and g¢fts giftldonaiion to which it relates. These are only included in income (with an equivalent amount In expenditurel where the benefit io the Charity is reasonabw quantlflable, measurable and material. le8acie5 Donated services and facilities Volunteer help The value of any volunteer help received is not included in the accounts. Investrnent income This is included in the a¢counts when receivable. Gainslllossesl on Thi5 includes aThy gain or loss resulting from revalulng Investments to market value revaluation of fixed at the end of the year. assets Gainslllossesl on investment asset5 This tncludes any 8ain or loss on the sale of Invesiments. Pale 11 Healthwatch MK CIO Notes to the Accounts Expendlture Recognition of expenditure Expendilure is recognised on an accruals bèsis. Expellditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relate5. These comprise the costs associated with attraclin8 voluntary Income, fundraising trading Costs ènd Investment management costs. Expenditure on These comprlse the costs ineurred by the Charity in the delivery of its activities and charitable activitles services in the furtherance of it5 objects, including the making of grants and governaThce cost5. All grant expendlture Is accounted for on an actual paid basis plus an accrual for grant5 that have been approved by the trustee5 at the end of the year but not yet pald. These Include those costs associated with meetln8 the constitutional and statutory requirements of the Charity, Including any audiilindependent examination fees. costs linked to the strategic management ot the Charity, tO8ether with a share of other admlnistration costs. These are support Costs not allocated to a particular activitv. Expenditure on raislng fuTrd5 Grants payable Governance c05t5 Other expenditure Taxatlon The charity is exempt from corporation tax on its charitable actlvities. Tan6lble flxed assets and depreclatlon Depreciation is provided ai ihe following annval rates In order to wrlte off each asset over its estlmated useful life.. Computer equipmenl 33.33% Sirai8hl Ilne basis Fixtvre and fittin85 15.00% Strai8hl Ilne basis Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount Prepaid net of any trade dlscounts due. Cash and cash equlvalents Cash and cash equrvalents comprise cash at bank and on hand, demand deposits with banks and other 5hort-term highly liquid investments with original maturities of three months or less and bank overdrafts. Irh the statement of financial position, bank overdrafts are shown within borrowin85 or current liabilitie5. In the Statement of C3sh Flows. cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company'5 cash management. Trade and other creditofs Short term creditors are measured at the transaction pr¢ce. Other creditors and provisions are recognised where the chaiity has a present obligation resuliinB from a past event that will probably result in the transfer of funds to a third party and the amount d¢Je to settle the obligation can be measured oi estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowin8 for any trade discounts due. Pale 12 Healthwatch MK CIO Notes to the Accounts Forelgn currenty The CIO'S functional and presentational currenty is GBP. All exchange differences are are taken into account in arrlvlng at net income/expenditure.Transactions In currencies other than the functional curreDcy of the charity are recorded at the rate of exchange on the date that the transaction occurred. Monetèry assets and llabilities denominated in cuirencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reportin8 peliod. Penslon ¢0sts The charity operates a defined contributlon plan for it5 employees. A defined ¢ontfibution plan is a pension plan under which tho compaThy pays fl¥ed contributions into 3 separate entity. Once the contributions have been paid the company has no further payments obli8ations. The contributions are reco8nised as expenses when they fall due. Amount5 not pald are shown In accruals in the balance sheet. The assets of the plan are held separately from the company in Independently administered fund5. Rècèlpt of donated Boods, facllltles and servlcès All donatcd goods, facilities and services received are recoBnlsed within Incomin8 resouites and expenditure at an estimate of the value to the charity. 2 Company status The company is a pfivaie company limited by guarantee and consequently does not have share capital. 3 Statement of Flnan¢lal Actlvltles- prlor year Unfestrl¢ted fund5 Total funds 2023 2023 Intome and endowments frorn: Donations and le8a¢ie5 Total 180,806 180,806 180,806 180,806 Ejtpendlture on: Raising funds Charitable auivities 1,677 182.404 1,677 182,404 Total 184.081 184,081 Net In¢ome 13,2751 13,2751 Net income before other gainslllossesl Other galns and losses: 13,2751 13,2751 Net movement in funds 13,2751 13,2751 Recondliation of funds.. Total funds brought forward Total funds carried forward 34,661 34.661 Paoe 13 Healthwatch MK CIO Note5 tothe Accounts 4 Incornè from dortatlons and le8acles Unrestrlrted Total Total 2023 2024 Grants from Central & Local Goveinment Grants from charitable & not-for-profit organisations Private and Individual donations 240,645 240,645 180,806 3,575 3,575 18 18 244,238 244,238 180,806 S Expendlture on ralslng fund5 Unrestrlcted Total Total 2023 2024 Fundraising trodin9 COSt5 3.899 3,899 3,899 3,899 1,677 1.677 Expendlture on dlrect charltable artlvltles Unre5trlcted Total Total 2024 2023 Governoftce cosrs Trustee development Trustee expenses Accountoncy 252 15 1,920 1,920 1,920 1,920 5,326 5,593 Expendlture on Indlrect charltable actl¥ltles Unrestflcted Total Total 2024 2023 Employee costs Motor and travel costs 160,WI 2.512 13,226 160,001 2,512 13.226 143,015 1.360 Premises costs Amortisation, depreciation, impairment, profitlloss on disposal of fixed a55ets General administrative costs 14,507 817 817 644 10,576 3,805 190,937 10,576 3.805 190,937 10,380 Legal and professional costs 6,905 176,811 PaAe 14 Healthwatth MK CIO Notes to the Accounts 8 Net Incomellexpendlturel before transfers 2024 2023 This 15 stated after charging.. Depreciation of owned fixed assets lTrdependent Examiner's fee 9 Trustee remuneration and empenses 817 644 5,326 1,920 One or more of the trustees has been paid expenses in the current or prior periods. 2024 Number 2023 Number Number of trustees paid expenses The nature of the reimbursed expenses The only expenses reimbursed in 2023 were for training or travel. Total expenses reimbursed to trustees 267 10 Staff costs 2024 2023 Salaries and wages Social security costs Pension costs 146,342 7,999 2,992 130,665 6,104 3,393 No employee received emoluments in excess of £60,000. 11 Tanglble fixed assets Computer èqulpment Flxture and fittlngs Totsl Cost or revaluation At l April 2023 Additions At 31 March 2024 6.899 662 2,177 9.076 662 Depreciation and impairment At l April 2023 5.924 1,382 7.306 Depreciation charge for the year 508 309 817 At 31 March 2024 Net book values At 31 March 2024 At 31 March 2023 PaRe 15 Healthwatch MK CIO Notes to the Accounts IZ Debtors 2024 2023 Prepayments and accrued incorne 2,799 1.457 13 Credltors: amounts falling due within one year 2024 2023 Trade creditors other taxes and soclal security Other creditors Accruals Deferred Income 1,407 2,628 709 881 1,920 67,317 8,100 1437 14 Deferred Intome Movement of the deferred income shown in Creditors.. omounts fulling due within one yeor 2024 2023 At l April Released in Current year Deferred in current year At 31 March 3,480 13,4801 67,3 17 3.480 15 Movement In funds In¢omlnB resources At31 March 2024 Resources expended Ilncludln8 At l Aprll other Z023 galn511055esl Restrlcted funds: Unrestrlrtèd funds: General funds 31,386 244,238 1196,7561 78,868 Total fvnds 16 Analysls of net assets between fund5 Unfestrlcted funds Total Fixed asset5 1,615 77,253 1,615 77,253 Net current assets Pale 16 Healthwatch MK CIO Notes to the Accounts 17 Reconciliation of net debt At31 March At l Aprll 2023 Cash Ilows 2024 Cash and cash equivalents 39,596 39,596 106,383 106,383 145,979 145,979 Net debt 18 Commltment5 Operotlng lease tommltment5 Annual commitments under non-cancellable operating leases are as follows: 2024 2024 2023 2023 Land and buildlngs Land and bulldings Other Other Operating lease5 Wlth explry date: Wiihin one year 1,137 1,137 Pension commltments 2024 2023 The pension cost charge to the compaAv amoLtnted to: 19 Related party dlsclosure5 Controlllng porty The company is limited by guarantee and has no Share capital,. thus no single party controls the company- PaRe 17 Healthwatch MK CIO Detailed Statement of Flnanclal Actlvities for the year ended 31 March 2024 Unrestrlcied funds 2024 Total funds 2024 Total funds 2023 Income and endowments from: Donations and legacies Grant5 from Central & Local Government Giants from charitable & not-for- profit orgallisations PrNate alld individual donations 240,645 240,645 180,806 3,575 3.575 18 244,238 18 244,238 180,806 Total Income and endowments 244.238 244,238 180,806 Expendlture on.. Costs of other trading activities 3,899 3,899 3,899 1,677 1,677 Total of expenditure on ralsingfunds 3,899 3.899 1,677 Goveinance costs Trustee development Trustee expenses Accountancy 252 15 5,326 5,593 1,920 1,920 1,920 1,920 Total of expenditure on charitableartlvlties 1,920 1.920 5,593 Employee costs Salarieslwages Employer's NIC Pension costs 146,342 7,999 2,992 858 1.810 146,342 7.999 2,992 858 1.810 130,665 6,104 3.393 Staff recruitment Staff training Staff welfare 2,415 438 143,015 160,001 160,001 Motor and travel costs Travel and subsistence 2.512 2,512 2,512 2.512 1,360 1,360 Premises costs Rent 12,671 330 12,671 330 11,974 624 Premises cleaning Other premises costs 225 13,226 225 13,226 1,909 14.507 PaRe 18 Healthwatch MK CIO Detailed Statement of Flnantlal Actlvltles General adminisirative C05ts,includiTrg depreciation and amortisation Depreciation Bank char8es Geneial Insvrances Postage and tourle Software, IT support and related costs 817 817 360 2,156 307 644 385 2,316 256 360 2,156 307 2.094 2.094 1,993 Stationery and printin8 Subscriptions Telephone, fax and broadband 3,573 614 3,573 614 2,751 351 1.472 1,472 11,393 2,328 11.024 Legal and professlonal costs Accountancy and bookkeepin8 Consuliancy fees 1,669 1.086 1,669 1,086 1,367 720 Other le8al and professionalcosts I,oso 1,050 4,818 3,805 3,805 6,905 Total of e¥pendlture ol other costs Total e¥per*dlture Net gains on inve51ments 190,937 190.937 176,811 184,081 196,756 196,756 Net Incomelle¥pendlturel 47,482 47,482 13,2751 Net Incomellexper*dlturel betoreother 8alnslllossesl Other Gains 47,482 47,482 13,2751 Net movement In funds 47,482 47,482 13,2751 Reconclllatlon of fvnds: Total fund5 brought forward 31,386 31,386 34,661 Total funds iarrfed forward PaRe 19