Charity roglstration number 900063 (England and Walosl THE BOURNEMOUTH CHEST DISEASES CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE BOURNEMOUTH CHEST DISEASES CHARITABLE TRUST LEGALAND ADMINISTRATIVE INFORMATION Trustee8 Rovd J H Sirnmons Dr R E K Russell PhD, FRCP 1rA Simmons Dr D Laws FRCP IAppoinl8d 16 January 2024) Charlty number 900063 Prlnclpal addre¥8 Royal Bournemouth Hospital Castle Lane Bournemouth Dorsel BH7 7DW Independent oxamlner Peter Barton FCCA ART Accounlanls Llmited Ground Floor 11 Manvers Slr8et Bath BA1 1JQ Bank•18 National Westminster Bank PIC The Casll8polnl Centre Castle Lane West 8ournemoulh 8H8 9US
THE BOURNEMOUTH CHEST DISEASES CHARITABLE TRUST CONTENTS Page Trustees, report Ind&pendent ex8minels port Stslernenl of financial aclivitl8S Balance sheet Notes lo the firsandal slatgmenls 7-13
THE BOURNEMOUTH CHEST DISEASES CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2024 The Irustees present th8Sr 8nnual report and financial statements for the year ended 5 Aprll 2024. The financlal statements have been prepered In accordance with the accounting policies s81 out In note 1 to the financial statements and comply with the charily's governing document. the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK 2nd Republic of Ireland" and the Charities SORP "Accounting and Reporting by Chafilies.. Stalem8nl of Recommand8d Praclico applicabl8 lo charilles preparing Ihair accounts n accordance wllh the Financial Reporllng Standard applicable in the UK and Republlc of Ireland IFRS 1021" ObJoctlv9• ond actlvltlo8 The Bournemoulh Chest Diseases Charitable Trust was established in February 1989 in Bournamoulh, Dorsel with th8 purp08e of "relieving person8 under the c8re of the Chosl Physiclans in the East Dorset Health Aulhorlly and sufferlng Irom Chest Diseases.. Str81091gs for aGhleving 8im$ 4nd objècllves In order lo achieve these obiecllv8s the Trustees ar6 empowered to 'assisl in the provision of improved facilities for Inv8sligalion, diagnosls. education and Irealment of patients attending the Royal National Hospital. the Royal Viclorla Ho8pItsI and the Boumemouth Géneral Hospital. The Trustees 8r8 furthermore empowered to assist persons with Chronlc Chest Dlseases in the managemenl of their condllion at home by the provision ol any n8cessary servlce5 and equipment for the benefit of such persons" Slncg the drawing up of th8 Deed, th8 Royal National Hospltal and the Royal Vlcloria Hospltals have closed, and the Bournemouth General Hospital has been renamed 'The Royal Bournemoulh Hospital.. The Trustees identify proi6cls and organisalions (hey wish lo support and so the Trust does not make grants to people or organl88tlons that apply speculatively. They believe that the public b8nefll requlremont Ss fully satisfied as the support Is provided through Hospitals which are open lo all wllhin the catchm8nt ar8a cover6d by the Trust. Publlc benefit Th8 Irusloo8 have pald due regard to guldance 18sued by Ihe Charily Commi88lon In declding what activities Ihe charity should undertake. Grant m8klng policy Proc&dure6 and pollcy for maklng grants The Truslees normally meet iwice a year lo considei what grants they will make and lo review aiiy feedback they have recoivgd. Nominations for 9ranls are elicited by formal and informal means. The formal means involves Invitlng the Bournemouth and Poole Hospllal Management to submit grant requésts for developmonts that li6 within the TrLtsl's obj8cls. Though the Trustee5 make som8 small grants wilh no formal appll¢alion, they normally ask other organlsallons lo submll a formal appllcatlon s8ylng how the lunds would be used and whal would be achleved. The Trusl8es' policy, which is communicated lo all beneficiaries, is to commit to grants for a maximum of three years. with no guarantee of funding beyond that period. Achlevement8 and portormance Signific8nl aclivities 8nd achi&vemfjnts 8g8inst obJ'ecliv8S Grants towards various projects have been continued during the year from the Deslgnaled Funds, as detailed in note 6 and 18 to the Accounts. It is the Trustees, policy lo ulillse the Trust income mainly for 5vch grants in futLire years. Grants are made in order to Improve patient care wher8 Health Service fundlng Is not avallable. The Impact of grants made is reviewed by the Trustees at each Trustee meetlng. and they are sallsfied Ihal signlflcant improvements in patlènt car6 have been achieved.
THE BOURNEMOUTH CHEST DISEASES CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Flnanclal revlew During the year ended 5th April 2024 the Trust received gifts, 9rants,16gaci6s and bequ£sls lotslling £10012023 £4691. 11 also r8celved Inveslm8nl income of £202,54112023 £163,475). The Trust's funds are all unrestricted, bul the Trusiees have designated funds for future projects separately. A Iransler lo the designated funds amountin9 to £842,930 has been made in the year, representing a net incr6ase in the commllmenls agre8d by the Trustees. Al the year-end th8 balance of doslgnalgd funds Stood at £1.758.065 {2023- £917.9501, as summarised in nole 17. The overall result for th8 year Shows a surplus of £193,99412023 - defiGiI £128,114). Included In the surplus is an unrealised profit on the rgvalualion of the Charities Property Fund of £52,46312023 - loss of £138,980) an(J an unreali88d profit of £65.183 on the revalualion ol the Ralhbonos investment portfolio {2023 - loss of £84,866). The 108ing lund balance stood at £4,410,401,12023 - £4,216,407). Rgsetves pollGy It is the polSGy of Ihe Gharily thal unreslriGt6d funds whlch have not been designaled for a speGifiG use should be maintained 8t a minimum level equivalent to Six month's 8xpendStur6. The trustèes consid&rs that reserves al this lèvèl wlll 8nsure that, In the event of a significant drop In fundlng, they wlll be able to conllnue the charity'8 current actlvllles whlle conslderatlon Is glven to w8ys In whlch addillonal funds may b& r8ls8d. Th18 lavel of reserves h88 been malnlalned throughoul the year. Investment pollcy The Trus166s' Investment policy Is to invesl partly in commercial property with an abov6 8V6rage yield in order to mainlaln income for Immediate use, and partly in a managed quoted portfolio to provide a balance between Income and long t9mi growth. The Trus166s alm to relaln sufflcienl Ilquid funds on Immodlatè access 8nd short lerm d8posSls to meet thelr future commllments. Major rfsks The Iruslees has assessed ihe major risks lo which the charity Is exposed. and are 381isfied th81 systems are In place to mlllgate exposure lo the major rlsks. The Trusloes annually revSew the risks that the charlty laces. To d81e these have malnly related lo Snveslmenl managemeni and have b86n ameliorated by the sale of individual propertles and relnveslment of Ihe proceeds in the Charitie8 Property Fund. Investments aro hold for the long8r lemi, and are designed lo provide Sufficient income to 8nable th8 Trust lo carry out its objectives. Plans for futuro perlods The Trustees intend lo conllnue provlding grants In a slmi18r way lo the recent past continuing the ernphasis on projects at Bournemoulh and Poo16 Hospitals and with local Primary Care Trusts, 8nd for training, but relalning flexibility as to the timing, and scale of grant making. It Is Ilk61y that wlthln Ihe foreseeable future, there will be 8 major bulldlng project at the Roy81 Bournemouth Hospital, which will involve the Thoraclc Medicine Department. The Trustees would wish lo support the continuing exo&llgnce of the Thoracic M6dicln8 Department and to Ihls end have deslgnal8d th8 8um of £1,500,000 to be held In reserve towards any requests that may be agreed fof this purpose. Stiucture. governance and management The charlly wa$ established In February 1989 and is reglstered wSlh the Charity Commisslon No. 900063. The charity is an unincorporalgd body whos8 gov8rning document Ss a Trust D88d.
THE BOURNEMOUTH CHEST DISEASES CHARITABLE TRUST TRUSTEES. REPORT (CONTINUEDI FOR THE YEAR ENDED 5 APRIL 2024 The trust88s who served during th8 year and up lo the date of signatur8 of the financial statements were.. Rev'd J H Simm¢ns Dr S M Malpa8 MB, Bch, BAO Dr J A M Turner QHP, FRCP Dr R E K Russell Pho, FRCP MrA Simmons Dr D Laws FRCP (Resigned 19 April 2023} (Resigned 29 September 2024) (Appointed 16 January 2024) Recruilin8nl and appoiiitmeiit of trustees The trust d88d stipulated the first Trustees, who continue to serve. N8w Trustees are identified and appolnted by the remainlng Trustees. The chairnian of the Trust Is responslble for the Inductlon of any new Trustee. which would involve awareness of a Trustee's responsibilities. the governing do¢ument, admlnistrallve procedures. the history and phllosophi¢al approach of the charity. A new Trustee receives copies of the previous year's annual report and accounts and a copy of the Charity Commission leaflet'The Essentlal Trustee.. What You Need to Know,. oaniSational structur& The Trustees have appointed an Honorary Secretary, Dr D. Laws, who is a consultant In the Thoracic Medlcine Department ol the Royal Bournemouth Hospital. They have 8180 appointed an administrator who deals with correspondenc8 and bookkeeping. The trustees, report was approved by the Board of Trustee$. Rev'd J H Simmon8 Tru8tee D8t8'.
THE BOURNEMOUTH CHEST DISEASES CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BOURNEMOUTH CHEST DISEASES CHARITABLE TRUST I report to the truslegs on my examlnalion of the fln8n¢ial statements of Thè Boumemouth Chest Dlseases Charltable Trust (the charity) for Ihe y8ar ended 5 April 2024. Responslbllltles and basls of rfrport As the Iruslees of the charity you are responsible for the preparation of the flnanclal stslemènl$ In accordance with the requirement8 of the Charities Act 2011. I rèport In respect of my examinatlon of the charily's financial slalements carried out under sactlon 145 of th8 Charilies Act 2011. In Garrying out my examlnallon I have follcwed the Dlr8cllons glven by the Charlly Commlsslon under sectlon 14515){b) of the Charities Act 2011. Indopend•nt •xamIne8 6tstement Your attention is drawn lo the fact that Ihe Gharlty has prepared the financial ststemenls In accordance with Ihe rèlevant version of the Stalem8nl of Recommended Practice applicable lo charities preparlng their financlal slalemenls in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 in preference to the Accouiiling and Reporting by Chari1188.' Statement of Recommended Praclice issued on 1 Aprll 2005 which 1$ referred to in the extsnl regulations bul has now been withdrawn. l undersland that this has beon done In order for the financlal slalements to provide a Iru8 and fair vlew in 8ccordanc8 wllh UK Genfjrally Accepted Accountlng Practice. I have compleled my ex8mlnation. I conflim that no mallers h8V8 come to my allentlon In connection wllh the examination glvlng me Cause lo believe that in any materlal respect.. accounting records were not kept In respect of the charity as requlred by sectlon 130 of the Charllies Acl 2011. the linanclal statem8nts do not a¢cord wlth those records; Of the financial slalemenl8 do not cotnply with the appliG8ble requiremen15 concerning the form and content of nnancial $tatemenl$ 88t out in the Charlties {Accounls and Reports} Regulallons 2008 other than any requlremenl that the financlal statements glve a tru8 and fair vlew. whlch Is not 8 m8tler consldered as part of an Independenl examinallon. I have no concerns and h8ve come across no other maller5 In connectlon wlth the ex8mlnatlon lo whlch allenlion 8hould be drawn in thi8 reporl In order lo enable a proper underslandlng of th8 flnanclal statements lo b6 reached. Mr Pèt•r Barton FCCA ART Accountants Llmltod Ground Floor 11 Manvers Streèt Bath BA1 1JQ Dal8'.
THE BOURNEMOUTH CHEST DISEASES CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024 Unrestrlcted funds 2024 Unrestrlcted funds 2023 Not05 Income from: Donation5 and legacies Inv&slm8nts 100 202,541 469 163.475 Total Income 202.641 163.944 Expondlture on,. Raising funds Charitable aclivities 14.824 6,543 15.011 53.201 Total expendltur• 21,367 68.212 Net gainsll105ses) on Investments 11 12,720 (223,8461 Net Incomel{expendlture} and movornent In funds 193,994 (128,114) Raconclllatlon of funds: Fund balances at 6 Aprll 2023 4.216,407 4.344,521 Fund balancos at 5 Aprll 2024 4.410.401 4.218,407 Th8 slal8m8nt of fin8ncial 8clivitles includes all oains and losses recognlsed In the year, All Income and expenditure derive from continuing activllles.
THE BOURNEMOUTH CHEST DISEASES CHARITABLE TRUST BALANCE SHEET AS AT 5APRIL 2024 2024 2023 Notè5 Flxod assets Investment propety Inveslmèntg 13 14 1,200,000 2,460,677 1,200,000 2,459,082 3,660,677 3,859,082 Curront a$88ts Cash at bank and In hand 781,869 589,465 Credltors: amounts falllng due wlthln one year 15 (32,1451 (32,140) Nel current assets 749,724 557,325 Total assets1088 current Ilabllltle8 4,410,401 4,218,407 The funds of the charlty Unrgstricled funds 17 4,410,401 4,216,407 4.410,401 4,218,407 The financial statements were 8pproved by the trusteos on . Rev'd J H Slmmon• Trustee
THE BOURNEMOUTH CHEST DISEASES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Ac¢ountlng pollcles Charlty Informatlon The Bournemouth Chest Diseasos Charitable Trust Is an unincorporated body whose governing document is a Trusl Deed. 1.1 Accountlng conventlon The financial statements have b8en prepared in accordance with tho charity's governing documenl, Ihe Charities Act 2011, FRS 102 "Tho Financial Rèporting Stsndard applicablo In the UK and Republic of Ir&land' and the Ch8ri118s SORP 'Accounling and Reporting by ch8ritSes'. Statement of Recommended Practice applicable lo Gharliies pr8parlng Ihelr dccounls In gGcordance with the Financial Reportlng Siandard applicable in the UK and Republic ol Ireland IFRS 102)" The charity Is a Publlc Benefit Enllty as defined by FRS 102. The flnancial statements have departed from the Charltles (Accounts and Reports) Regulallons 2008 only lo the extent required lo provld8 a true an(J fair view. Thls departure h88 Involved followlng the Statement of Racommended Practice for charities applying FRS 102 rather than tho version of the Slat@menl of Recommended Practi which is referred to in the Regulations bul which ha8 sln¢e been wllhdrawn. The financial slat&menis are prepared In slerllng, whlch Is the funcllonal currèncy of the ¢harity. Mon&lary amounts In these financlal st8t8m6nts aré rounded lo the nearest £, The financial 8t8lem8nts have been prepared under the historical cost convention. Imodified to include th8 revaluation of freehold properties and lo include investment propertles and certain financlal Instruments at fair valuel. The principal arKounting poliGie8 adopted are s81 out below, 1.2 Golng ¢on¢ern Al the lime of 8pproving th8 financial slalèmonls. th8 Iruslees h&v8 8 f&aBonable expèctation that the chgrily has adequaie resources Io COTilliiue Iii operdlioiial exisleiicej for the foreseeatsle lulure. Thus Ih8 IruslfS8S conilnue lo adopt the golng concern basls of accounlln9 In pr&parlng thè flnan¢lal $1818m8nts. 1.3 Charltable funds Unreslrlcl8d funds arè avallabl8 for us8 al the discretion of the Irusteos In furth•ranc8 of theSr charltable oblectives. R8slrlcled funds are subject lo specific condlllons by donors or grantors as lo how they may be used. The purposes and uses of the reslrl¢led funds are sel out in the notes lo the financial stalemenls. Endowment funds ar8 subjèct lo speclfic conditions by donor5 that the capital must be maintained by the ch8rity. 1.4 Incomlng r68ourc?$ Income is recognised when the charity is18gally entillod to it 8fter any performance condillons have been mel. th8 amoun18 can be measured reliably, and il Is prob9ble that income will be received. Cash donations are r8cognised on rèceipt. Other donations are recognised once the charity has been notifiad of the donation, unless p8rtormance conditions require d&ferral of the amount. Income lax recoverable in relation to donations received under Gift Aid or deads of covenant is r¢cognlsgd at the tlmg of the donation. Legacies are recognis8d on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt Is expe¢led. If the amount is not known. the legacy is treat&d as a conlingenl ass81. 1.5 Resour¢oS oxpondod
THE BOURNEMOUTH CHEST DISEASES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Ac¢ountlng pollclos IContlnued} Expenditure Is recognlsed once there is 8 legal or ¢on$truGlive obligation to tr8nsfer economlc benefit to a third party, il Is probable that a transfer of economic benefits will be requlr8d in selllement, and the amount of the obligation can bé m8asurÈd reliably. Expenditure Is classifled by actlvity. The cosls of each acllvily are made up af the loial ol dlrect costs and shared costs, Induding support costs involved In undertaking each aGlivlly. DlreGI Coslb allrlbuidble lo a single acllvlty are allocalod dlrecily to Ihat activily. Shared costs whlth contribute to more than one activity and support costs which are not attributable to a single activity ar8 apportioned between thosè actlvltles on a basis consistent with th8 use of resources. Central staff costs are alloGaled on Ihe basls of Ilme spent, and deprocialion charges ar8 allocalod on th8 Portion of tha asset's use. 1.6 Investment propertles Investment property, which is property held lo earn rentals andlor for capllal appreclatlon, is Inlllally recognSsed al cost. which includes the purchase cost and any directly allribul8ble expenditure. Subsequently it is measured al falr value al the feporting end dale, The surplus or deflclt on r8valualion is recognisèd in profil or1038, 1.7 Cash and cash equlvalents Cash and cash equivalenls include cash in hand, deposits held al call wllh banks, other short-lerm Ilquid investments wllh original maturities of three month5 01 less, and bank overdrafts. Bank overdraft$ are shown wllhln borrowlngs In current Ilabillties. Bas1¢ finanGial assets Basic financial assets, whlch Include debtors end cash and bank balances, are initially measured at transaction pr1¢& including Ir8n$aclion co$ls and are subsequently carriéd at amortised cost uslng the eff8cIiv• Interest method unless Ihe arrangement constllules a flnanclng Iransactlon, wh8r8 the transactlon is meosured at the present valug of the future receipts discounlod at a market rale of inlere81. Flnancial assets classlfi8d a8 recèivable wlthin on8 year are not amortisod. 88slc flnanclal Ilabllltles Basic linanclal liabilities. includlng credltors and bank loans are Inlllally recognlsed al IransactSon price unless Ihe arrangement conslilutes a flnancing transaction, where the debt inslrum8nt Is measured al the present value of the future payrnenls discounted at a market rate of inleresl. Flnancial liabllitles classified as payable within one year are not amortised. Dabt Instruments are subsequ8ntly card8d al amortised cost, using the effe¢tlve Ini8r8St rat8 method. Trade Gredilors aro obllgations lo pay for goods or services Ihal have been acquired in the ordinary course of OP8r8tlons from Supplièrs. Amounts payabl8 are classified as current liabilities if payment Is diie wllhin one year or less. If not. they are pr8senl8d as non-¢urrenl liabilities. Trade creditors are recognised initially al tr8nsaction price and subsequenlly measured 81 amortlsed cost u81ng th8 effective inlerest method. Derecognltlon ol IlnanGlal Ilabllltles Financial Ilabililles are derecognised when the charlly's contractual obllgations explre or are dlscharged or cancellad.
THE BOURNEMOUTH CHEST DISEASES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Crlti¢al accountlng estlmates and Judgement8 In the application of the charity's aGcounling policies, the Iruslees are required lo make judgements, estimates and assumptions about Ihe carrying amount of assets 8nd li8bililies that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experien and other factors that are considered lo be relevanl. Actual resulis may dlffer from these estimat8s. The estimates and undedying assumption5 are revlewed on an ongolng basis. Revl$lons lo accounting e8tlm8185 are re¢ognised in the period In whlch Ihe &sllmale Is revl$8d where the revlslon affects only that perio(J, or In the period of th8 revision and futu periods where Ihe revision affects both current and future periods, Incomg from donatlons and 1ogaclè8 Unra•trlct•d funds 2024 Unr•#trletad funds 2023 Donations 8nd glfts 100 469 Incom• from Inv?8tmont$ Unrostrlctod Unre8trl¢ted lundg fund• 2024 2023 Rental Income Income from listed investmgnts Interest rec8lvable 81,444 97,395 23,702 81,600 81,140 735 202.541 163.475 Expondltura on ral$lng lunds Unrestrleted Unre8trl¢t•d fund8 tundB 2024 2023 Investment management 14,824 15,011
THE BOURNEMOUTH CHEST DISEASES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Expendlture on charllabl• acllvltles Charltablo actlvltles 2024 Charltable actlvltles 2023 Dlre¢t costs Grant lundlng of aclivilie$ Isoe not6 71 2,815 47,857 8hare of Support and govornance costs ($00 noto 8} Support Governance 18 3,710 1.564 3,780 6.543 53.201 Analy819 by fund Unreslrlclod funds 6,543 53,201 Grant¥ payable 2024 2023 Grants to Institullon8'. Rgsplratory Resa8rch Nurse Training and staff 8UPPOrt Ullrasound Pulmonary Rehab equlpmènt 240 2.815 47,549 68 2,815 47,857 Support Gosts allocated to actlvltle• 2024 2023 1,550 14 3.780 18 3,710 Governanc8 costs 3,728 5,344 Analysod between: CharSlable aclivilies 3,728 5.344 Tru8tO96 None of the tru8lee8 (or any persons conneGled with them) reGoived 8ny remuneration or benefits from the charity durin9 the year exGepl as disclosed below. 10-
THE BOURNEMOUTH CHEST DISEASES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Trust8es {Contlnuedl Mr J H Slmmons, a trustee, acted in a professional capacity and was paid fees of £1,800 (2023 - £1,600). 10 Employees There were no employees during the year. 11 Galn$ and108808 on Invèstments Unr88trlctod Unre8trlct6d lunds funds 2024 2023 Galnsl(losses1 arlslng on.. Ravaluatlon of Inve8tm8nls Sale of Investrnent8 30.208 (17.4881 1227,2411 3,395 12,720 1223,8461 12 Taxatlon The charlty Is ax8mpt from taxallon on Ils actlvlties bacaus8 all Ils Income Is applied lor charllablg purposes. 13 Inv&8tment property 2024 Falr valu8 Al 6 Aprll 2023 and 5 April 2024 1,200,000 Inveslment property comprises of a commercial unil, Unlt R Elllott Road, Boumemouth. The fair value of the Inve51menl property has been arrlved al on the basls of a valu8tlon carried out In January 2022 by Goadsby Chartered Surveyors, who are not connected with the charity. The valuation was made on an open market value basls by reference to market evldence of Iransactlon prices lor $imSlar propertles, 11
THE BOURNEMOUTH CHEST DISEASES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 14 Flx•d assot Investment¥ Llsted Inv6slment$ Cash In portfollo Total Cost or valuatlon Al 5 April 2024 Additions Valuation Ghange8 Disposals 2.416.249 187.327 12.176 1173.7821 42,833 2,459,082 187.327 111.950) {173,782) 124,1261 Al 5 Aprll 2024 2,441,970 18,707 2,460,677 Carrylng amounl Al 05 April 2024 2.441,970 18,707 2,460.677 Al 05 April 2023 2,416,249 42,833 2,459,082 2024 2023 Investments al fair value compns6' Charitl8s Property Fund Ralhbones Investmenl M8na9emenl 857,674 1,603,003 910,137 1,548,948 2.460,677 2,459,085 Flxed asset Investment8 revalued Invostmgnls are included in the accounls on a lalr value basls. The hislorlcal cost of Investments Is £2,186,379 (2023- £2,214.3401. 15 Credltor8: amount8 falllng dug wlthln one yaar 2024 2023 Not•s Other t8xalion and soclal security Deferred income Olhef ¢rgditors 8,388 18,036 5.721 8,908 17,710 5.522 16 32.145 32,140 16 Dof•rr•d InGom• 2024 2023 Arising from Rental income 18.036 17.710 12
THE BOURNEMOUTH CHEST DISEASES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 16 Deferred Income {Contlnuèdl Deferred income is included in Ihe financial st8lements as follows.. 2024 2023 Deferred Income Is Included wlthln.. Current liabililies 18,036 17,710 Movements in the year.. Deferr8d Income al 6 April 2023 Released from previous perlods Resources deferred In the year 17,710 (17,710) 18.036 17,710 117,710) 17,710 Deferred Income al 5 April 2024 18.036 17,710 17 Unreslrl¢t•d funds Thè unrestricted funds of the charity comprfse tha unaxpgnded balgnces of donatlons and gr8nls whlch gro not subject to specific confjitions by donors and gr8nlors as to how they may be used. These include d8slgnalod funds whlGh have been sel aslde oul of unrgStrlot&d funds by the Irustegs for $p8clflc purposes. Al 6 Aprll 2023 In¢omlng r•sour¢o8 Resources gxpended Transfero GaSn8 and losse8 At 5 Aprll 2024 Grant ommilmenls General funds 917,950 3,298,457 12,8151 118.5521 842,930 1842,9301 1,758,065 2,652.336 202.641 12.720 4,216,407 202,641 (21,367) 12.720 4,410,401 Prevlous year: At 6 Aprll 2022 Incomlng r•sourc•8 Rèsourcés oxpondod Transfers Galns and Ioss98 At 5 Aprll 2023 Grant commitm8nls General funds 956,500 3,388,021 149.407} (18,805) 10,857 (10.8571 917,950 3,298,457 163.944 1223,846) 4,344,521 163,944 {68,2121 {223,8461 4,216,407 13