THE_BLOOD_PRESSURE_ASSOCI - Accounts


Charity Registration No. 1058944 (England and Wales)
Charity Registration No. SC040230 (Scotland)
Company Registration No. 03251531 (England and Wales)
THE BLOOD PRESSURE ASSOCIATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019
PAGES FOR FILING WITH REGISTRAR
THE BLOOD PRESSURE ASSOCIATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Professor Graham MacGregor, Chair
Mr Guy Biggin, Honorary Treasurer
Professor Gareth Beevers
Ms Nirmala Markandu
Professor Bryan Williams
Professor Mark Caulfield
Dr Rebecca Suckling
Secretary
Professor Graham MacGregor
Chief executive officer
Katharine Jenner
Charity number (England and Wales)
1058944
Charity number (Scotland)
SC040230
Company number
03251531
Registered office
The Wolfson Institute of Preventive Medicine
Charterhouse Square
London
EC1M 6BQ
Independent examiner
Crossley Financial Accounting
Star House
Star Hill
Rochester
Kent
ME1 1UX
Bankers
Lloyds TSB Bank PLC
186 Streatham High Street
Streatham
London
SW16 1BE
Santander Business Banking
1st Floor Operations
Bridle Road
Bootle
L30 4GB
Solicitors
Bates Wells & Braithwaite
2 - 6 Cannon Street
EC4M 6YH
Note
Blood Pressure UK is the opertaing name of The Blood Pressure Association
THE BLOOD PRESSURE ASSOCIATION
CONTENTS
Page
Trustees' report
1 - 9
Independent examiner's report
10
Statement of financial activities
11
Statement of financial position
12
Notes to the financial statements
13 - 21
THE BLOOD PRESSURE ASSOCIATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2019
- 1 -

The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statements for the year ended 31 December 2019. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), 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 2015) as amended by Update Bulletin 1 (effective 1 January 2015).

Objectives and activities

 

Policies and objectives

The principal objects of the company are:

(a)    to advance education about and to promote a greater understanding of the condition of high blood pressure among sufferers, carers and medical, nursing and related professions;

(b) to promote research into the condition of high blood pressure and the publication of the useful results of such research; and

(c) to relieve people suffering from high blood pressure by providing advice and support.There have been no changes in these objects since the last annual report.

 

Blood Pressure Association Mission “To significantly improve the prevention, diagnosis, management and treatment of high blood pressure in order to prevent death and disability from stroke and heart disease”.

This is achieved by raising awareness amongst the whole population as well as specific target groups of risk factors for the condition through the provision of information and support services.

THE BLOOD PRESSURE ASSOCIATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2019
- 2 -
Review of activities

 

Strategies for achieving objectives

Achievements and performance against constitutional and public benefit objectives:

 

Blood Pressure UK is a specialised provider of information, education and support, and features a membership structure. Membership is a great way to make a difference to the lives of people living with high blood pressure, making one an important part of the UK’s largest blood pressure charity, helping people with this serious condition. A particular importance has been placed on ensuring our specialist advice, to both members, the media and the public, is balanced, current and objective. We have also continued to develop our core supporting membership and our magazine and e‑newsletter Positive Pressure as both a revenue stream and to strengthen the influence and reach of Blood Pressure UK in representing the views and experiences of high blood pressure patients.

Blood Pressure UK benefits from a close association with Public Health England (PHE), NHS England, British & Irish Hypertension Society, the World Hypertension League, and Consensus Action on Salt, Sugar and Health which represent the wider field of high blood pressure, cardiovascular disease and public health nutrition, we will continue to strengthen our knowledge base through those associations, to ensure that all advice and information we give is accurate and up to date.

 

2019 core communications highlights – Media ResponsesBlood Pressure UK is recognised as a dedicated centre of expertise for blood pressure, and as such has had the opportunity to respond to research and developments about blood pressure and healthy lifestyles in the media throughout 2019.

 

Highlights included commenting on the following stories:

  • New research into when is the best time to take your blood pressure medication

  • Rising level of hypertension in children

  • Time for a quick power nap to lower blood pressure

  • Polypill prevents a third of heart attacks and strokes

  • May Measurement Month and the need for international blood pressure measuring

  • Young adulthood emerges as a key time for good health in later life

  • NHS England launching heart health checks in pharmacies

  • Salt Awareness Week - New survey shows the UK is still addicted to salt and called for new salt reduction targets

  • Blood pressure on Radio 4’s Inside Health with our Trustee Prof Bryan Williams

  • Blood Pressure UK Chairman receives CBE and Trustee receives Knighthood

  • Heart disease and stroke deaths on the rise in younger people

  • A new evidence review supporting salt reduction in diet guidelines

  • NICE release draft update of blood pressure guidelines

  • The surprising truth about liquorice and blood pressure

  • Blood pressure pill could help to slow down Alzheimer's disease

  • Pharmacies give over 30,000 blood pressure checks every week

  • Public Health England Release CVD Ambitions

  • Intensive blood pressure treatment could help to protect brain health

  • A diet fit for 10 billion an - in depth review of the EAT-Lancet planetary diet

THE BLOOD PRESSURE ASSOCIATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2019
- 3 -
THE BLOOD PRESSURE ASSOCIATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2019
- 4 -

High blood pressure can lead to heart attacks and strokes, as well as other illnesses. Once you Know Your Numbers! you can get support to bring your blood pressure under control and prevent these diseases.

Around a third of people in the UK have high blood pressure, but most don’t know it. It doesn’t have any symptoms so, the only way to find out is to get a blood pressure check.  

 

Therefore in 2019 the aim was to encourage people to Live well for longer by going to get their blood pressure checked either at one of our Pressure Stations during the week, via community pharmacy or practice nurse or via self-care at home, as high blood pressure has no symptoms. Together we can help to prevent death and disability from stroke and heart disease caused by high blood pressure.

 

People of all ages and backgrounds listened and went along to receive both a blood pressure check and advice about how to keep their numbers healthy at one of the 554 pressure stations that took part. This was slightly less than in 2018 where we had 587 pressure stations, however, this is because we did not have any large commercial pharmacy chains taking part and also due to the fact that people are reluctant to pay for our resource packs, particularly when you can get similar resources for free elsewhere.

5 commercial organisations participated in this year’s Know Your Numbers! Week and they included Healthy Living Pharmacies in Cheshire & Merseyside (114 pharmacies), Manor Pharmacy (42 pharmacies), Murrays Healthcare (21 pharmacies), Paydens (93 pharmacies), and PCT Healthcare (80 pharmacies).

As well as the above commercial organisations other pressure stations across the UK offering free blood pressure checks during the week included Port of London Authority, KP Snacks, Virgin Trains and the Royal Household Buckingham Palace staff gym to name a few. Here staff who work at Buckingham Palace had their blood pressure checked. Other organisations that took part were local councils, Cardiff libraries, Healthy Hearts in Kensington & Chelsea, schools and colleges, pharmacies, GP surgeries, hospitals, shopping centres, leisure centres and gyms, NHS Trusts, CCG's, clinics, and places of worship. 

The table below categorises Pressure Stations by venue:

Pressure Stations by venue    
Pharmacies    387
Workplaces    47
Community (e.g. shopping centres, street markets, village halls, railway stations)    41
Hospitals    9
Leisure centres and gyms    34
Day centres (learning disabilities and elderly)    0
Other (e.g. family centres, places of worship, local councils)    36
Total    554

Media

 

A national media campaign was used as the key method of getting our message out to the public and we asked should YOU be living well for longer and urged the missing millions to get tested as part of a nationwide campaign. We revealed that if every person currently undiagnosed with high blood pressure had a painless, five-minute free blood pressure test, this simple act could add an extra healthy month to their life [1], that is, avoiding the devastating effects of a severe stroke i.e. paralysis on one side often with the loss of speech, or a heart attack or dementia, as they are more likely to take action to lower it. The more people that then have their high blood pressure managed, the more premature deaths can be prevented.

 

[1] ‘Healthy month’ based on Quality-adjusted life years (QALY), a measure of health that attempts to capture improvements to both quality and length of life in a population.

 

THE BLOOD PRESSURE ASSOCIATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2019
- 5 -
THE BLOOD PRESSURE ASSOCIATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2019
- 6 -

Investment policy and performance

 

The Trustees are empowered by the Memorandum of Association to invest the funds not required for immediate working purposes in such a manner as may be thought fit. During the year, the Trustees invested such funds in interest bearing deposit accounts earning returns at commercial rates of interest

Financial review

 

For the eighth year in a row the charity substantially tried to cut its deficits alongside trying to build membership and investing in legacy building to encourage increased income in future years. The charity continued to make savings on anticipated expenditure in line with the previous year.

 

Reserves policy

 

The Trustees aim to maintain a level of unrestricted reserves which ensures that there are adequate funds to meet current and known future liabilities. The Trustees consider that holding unrestricted free reserves (including designated funds which are reviewed on an annual basis) equivalent to between six and twelve months operating costs, given the current economic climate, is the minimum required to provide sufficient resources to respond to unexpected adverse changes in the company's funding or activities, which equates to approx. £50,000 based on current costs.

 

Public benefit

 

The charity's objects are the provision of information and support to those affected by hypertension (high blood pressure), which it does by raising awareness among the whole population, as well as specific target groups at particular risk of the condition, through the provision of information and support services. In addition to providing services for the general public, Blood Pressure UK provides additional resources for those particularly likely to develop the condition, for example, the over 50s and those from a South Asian or African‑Caribbean background.

 

In considering the charity's aims and objectives the Trustees confirm that they have had due regard to the Charity Commission's guidance on the public benefit requirement of the charity's work; that the charity does no harm or detriment in carrying out its charitable objectives and that the charity provides clear and identifiable benefits to the public in its activities, which in 2019 were:    

  • A national blood pressure testing event 'Know Your Numbers! Week, which provided free blood pressure checks to adults at participating 'Pressure Stations' across the UK. It helped to tackle health inequalities by reaching vast numbers of people who may not otherwise access blood pressure check

  • A media and social media campaign to raise awareness of the health effects of high blood pressure

  • The provision of expert and up to date information on all aspects of high blood pressure, including news updates, and promotion of the charity's resources, via the charity's website (including free downloads).

  • The production of two high quality editions of Positive Pressure, the magazine sent to supporters of the charity, including those who are not internet enabled.

  • Updates on the latest news and developments in blood pressure in regular electronic newsletters available to anyone who chooses to sign up to the free service.

  • The provision of a range of free printed booklets and leaflets on all aspects of high blood pressure, including core materials translated into 32 languages, for people with high blood pressure.

  • The provision of the charity's information line, staffed by a registered nurse, which offered free information, support and advice to hundreds of callers concerned about or affected by hypertension.

  • The provision of an email response service, which provided written information in response to written queries in more detail.

 

The Trustees therefore believe that the charity is carrying out its objects in a way which benefits the public by helping to raise awareness about the condition (all either free of charge or at nominal cost to beneficiaries).

THE BLOOD PRESSURE ASSOCIATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2019
- 7 -

Funds Incoming

 

The charity received £317,755 from trusts and foundations and from individuals generally. The overall trend in income was upwards, caused principally by a significant legacy and a fantastic runner at the London Marathon this April. The charity has one partnership.

Funds Expended

 

Staff costs are low, and spending was maintained at a similar level to the previous year in other areas, as the charity maintained its commitment to deliver services to its beneficiaries. Only unrestricted funds were received during the year, therefore the charity opened the year with no restricted fund carried forward and closed the year with only unrestricted fund balances carried forward.

 

Sources of funding

 

Funding was achieved in 2019 through a number of different sources;Sales revenues Unrestricted voluntary income (donations from the corporate sector, legacies and private individuals).

Structure, governance and management

 

Constitution

The company is registered as a charitable company and is constituted under a Memorandum of Association dated 18 September 1996. It is registered as a charity number 1059844.

Method of appointment or election of Trustees

The management of the company is the responsibility of the Trustees who are elected and co opted under the terms of the Articles of Association. The Trustees meet three times a year; one meeting being the annual general meeting of the company. At the annual general meeting, one third of the trustees are subject to retirement by rotation. New Trustees may be appointed on the recommendation of the Trustee Board or on proper notice of a nomination being given by a Trustee. In addition, Trustees may be recruited through the company’s website and by advertising in relevant publications, including national newspapers. A minimum of three Trustees should remain in office at any given time but there is no maximum limit.

Policies adopted for the induction and training of Trustees

New prospective Trustees are invited to meet the staff and are supplied with a Trustees Handbook. They are also included on the BPA’s mailing list for governance, the magazine and receive regular updates on the charity’s work from the Chief Executive Officer. Trustee Subcommittees (involving Trustees and other stakeholders) are as follows: Information User Group and Healthcare Advisory Panel, chaired by Professor Graham MacGregor.

Organisational structure and decision making

The Board of Trustees are responsible for the management of the company. They delegate the general management and administration of the company to the Chief Executive Officer, who, with the department staff, ensure that the company is run efficiently.

THE BLOOD PRESSURE ASSOCIATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2019
- 8 -

Related party relationships

The Chief Executive Officer of BPA is also the Campaign Director of CASSH and performs this role on a pro-bono basis. Blood Pressure Association (BPA) discloses this as an income gifted in kind and valued at £50,000 (2018 - £50,000).

Risk management

The Trustees periodically examine the major risks to which the company is exposed, concentrating on areas of potential highest impact including:

  • Failure of funding

  • External environment

  • Governance incl. General Data Protection Regulation

  • Reputation with emphasis on the charity's national blood testing event ‑ Know your Numbers!®.

All areas within the charity's risk policy are regularly evaluated by lead individuals. This helps drive review of the policy and the risk register is updated for trustee meetings. The Trustees are satisfied that the system in place is appropriate for managing the company's exposure to the major risks identified.

 

In relation to Covid-19, the charity has been impacted more operationally than financially as a result of the pandemic, as staff have been able to work effectively from home.  Blood Pressure UK have managed that risk by delivering Know Your Numbers 2020 as a virtual event, with no in community testing and digital marketing.  From a financial point of view, Blood Pressure UK continue to manage the expenditure in line with our reserves and our reserves policy.

THE BLOOD PRESSURE ASSOCIATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2019
- 9 -
Statement of Trustees' responsibilities

The Trustees (who are also directors of The Blood Pressure Association 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 and charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company 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 in the Charities SORP;

  • Make judgments and estimates that are reasonable and prudent;

  • Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

 

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Independent examination of accounts

As per the statutory requirements an Independent Examination will be done.

The Trustees' report was approved by the Board of Trustees.

Professor Graham MacGregor
Trustee
Dated: 22 October 2020
THE BLOOD PRESSURE ASSOCIATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE BLOOD PRESSURE ASSOCIATION
- 10 -

I report to the Trustees on my examination of the financial statements of The Blood Pressure Association (the Company) for the year ended 31 December 2019.

Responsibilities and basis of report

As the Trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 (the 2005 Act), the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006 (the 2006 Act). You are satisfied that the financial statements of the Company are not required by charity or company law to be audited and have chosen instead to have an independent examination.

Having satisfied myself that the financial statements of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company’s financial statements carried out under section 44 (1) ( c) of the 2005 Act and section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended) and all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Company is required by company law to prepare its accounts on an accruals basis and is registered as a charity in Scotland your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I confirm that I am qualified to undertake the examination because I am a member of ACCA , which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act and Regulation 4 of the 2006 Accounts Regulations; or

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of Regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended) and do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Crossley Financial Accounting
Star House
Star Hill
Rochester
Kent
ME1 1UX
Dated: 3 December 2020
THE BLOOD PRESSURE ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2019
- 11 -
Unrestricted
Unrestricted
funds
funds
2019
2018
Notes
£
£
Income and endowments from:
Donations and legacies
3
315,371
20,638
Charitable activities
4
35,547
36,505
Other income
5
69,495
69,837
Total income
420,413
126,980
Expenditure on:
Charitable activities
6
158,708
173,751
Net income/(expenditure) for the year/
Net movement in funds
261,705
(46,771)
Fund balances at 1 January 2019
99,237
146,008
Fund balances at 31 December 2019
360,942
99,237

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
THE BLOOD PRESSURE ASSOCIATION
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2019
31 December 2019
- 12 -
2019
2018
Notes
£
£
£
£
Current assets
Debtors
10
23,068
10,206
Cash at bank and in hand
348,436
99,455
371,504
109,661
Creditors: amounts falling due within one year
11
(10,562)
(10,424)
Net current assets
360,942
99,237
Income funds
Unrestricted funds
360,942
99,237
360,942
99,237

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2019.

The Trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 22 October 2020
Professor Graham MacGregor, Chair
Trustee
Company Registration No. 03251531
THE BLOOD PRESSURE ASSOCIATION
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019
- 13 -
1
Accounting policies
Charity information

The Blood Pressure Association is a private company limited by guarantee incorporated in England and Wales. The registered office is The Wolfson Institute of Preventive Medicine, Charterhouse Square, London, EC1M 6BQ.

1.1
Accounting convention

The financial statements have been prepared in accordance with the Company's [governing document], the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) 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) (effective 1 January 2019)". The Company is a Public Benefit Entity as defined by FRS 102.

 

The Company has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Trustees acknowledge the risk in relation to COVID 19 as detailed in the Trustees Annual Report.

Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Company.
THE BLOOD PRESSURE ASSOCIATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2019
1
Accounting policies
(Continued)
- 14 -
1.4
Income

All income is recognised once the company has entitlement to the income, it is probable that the

income will be received and the amount of income receivable can be measured reliably.

 

For legacies, entitlement is taken as the earlier of the date on which either: the company is aware

that probate has been granted, the estate has been finalised and notification has been made by the

executor(s) to the Trust that a distribution will be made, or when a distribution is received from the

estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be

measured reliably and the company has been notified of the executor's intention to make a

distribution. Where legacies have been notified to the company, or the company is aware of the

granting of probate, and the criteria for income recognition have not been met, then the legacy is

treated as a contingent asset and disclosed if material.

 

Donated services or facilities are recognised when the company has control over the item, any

conditions associated with the donated item have been met, the receipt of economic benefit from the

use of the company of the item is probable and that economic benefit can be measured reliably. ln

accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not

recognised and refer to the Trustees' Report for more information about their contribution.

 

On receipt, donated professional services and donated facilities are recognised on the basis of the

value of the gift to the company which is the amount the company would have been willing to pay to

obtain services or facilities of equivalent economic benefit on the open market; a corresponding

amount is then recognised in expenditure in the period of receipt.

 

lncome tax recoverable in relation to donations received under Gift Aid or deeds of covenant is

recognised at the time of the donation.

 

lncome tax recoverable in relation to investment income is recognised at the time the investment

income is receivable.

THE BLOOD PRESSURE ASSOCIATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2019
1
Accounting policies
(Continued)
- 15 -
1.5
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.

 

Support costs are those costs incurred directly in support of expenditure on the objects of the

company and include project management carried out at Headquarters. Governance costs are those

incurred in connection with administration of the company and compliance with constitutional and

statutory requirements.

 

Charitable activities and Governance costs are costs incurred on the company's educational

operations, including support costs and costs relating to the governance of the company apportioned

to charitable activities.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
33% straight line
Office equipment
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

All assets costing more than £250 are capitalised.

1.7
Financial instruments

The Company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

THE BLOOD PRESSURE ASSOCIATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2019
1
Accounting policies
(Continued)
- 16 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans 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. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

3
Donations and legacies
Unrestricted
Unrestricted
funds
funds
2019
2018
£
£
Donations and gifts
15,371
20,638
Legacies receivable
300,000
-
315,371
20,638
4
Charitable activities

Fundraising

Membership

Total
2019

Fundraising

Membership

Total
2018
2019
2019
2018
2018
£
£
£
£
£
£
Sales within charitable activities
9,320
26,227
35,547
8,417
28,088
36,505
THE BLOOD PRESSURE ASSOCIATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2019
- 17 -
5
Other income
Unrestricted
Unrestricted
funds
funds
2019
2018
£
£
Other income
17,003
16,078

Gift Aid

2,384
3,606

Sales of Christmas Cards.

108
153

Gifts in kind

50,000
50,000
69,495
69,837
THE BLOOD PRESSURE ASSOCIATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2019
- 18 -
6
Charitable activities

Fund raising

Information & support

Raising awareness

Membership

Total
2019
Total
2018
2019
2019
2019
2019
£
£
£
£
£
£

Other costs

-
20,771
2,939
9,282
32,992
24,555

Legal and professional fees

9,360
784
-
-
10,144
31,299
9,360
21,555
2,939
9,282
43,136
55,854
Share of support costs (see note 7)
50,000
28,338
34,991
-
113,329
114,363
Share of governance costs (see note 7)
-
2,243
-
-
2,243
3,534
59,360
52,136
37,930
9,282
158,708
173,751
For the year ended 31 December 2018

Fund raising

Information & support

Raising awareness

Membership

Total
2018
£
£
£
£
£

Other costs

-
-
20,010
4,545
24,555

Legal and professional fees

5,088
-
6,570
19,641
31,299
5,088
-
26,580
24,186
55,854
Share of support costs (see note 7)
50,000
29,803
34,560
-
114,363
Share of governance costs (see note 7)
-
3,534
-
-
3,534
55,088
33,337
61,140
24,186
173,751
Analysis by fund
Unrestricted funds
55,088
33,337
61,140
24,186
173,751
THE BLOOD PRESSURE ASSOCIATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2019
- 19 -
7
Support costs
Support costs
Governance costs
2019
Support costs
Governance costs
2018
£
£
£
£
£
£
Staff costs
34,991
-
34,991
34,560
-
34,560

Gift in kind

50,000
-
50,000
50,000
-
50,000

Premises costs

1,265
-
1,265
967
-
967

Office costs

6,077
-
6,077
8,969
-
8,969

Accountancy

15,838
-
15,838
14,231
-
14,231

Irrecoverable VAT

4,834
-
4,834
4,568
-
4,568

Other costs

1,449
-
1,449
1,068
-
1,068

Bad debt provision

(1,125)
-
(1,125)
-
-
-
Independent examination fees
-
2,243
2,243
-
3,534
3,534
113,329
2,243
115,572
114,363
3,534
117,897
Analysed between
Charitable activities
113,329
2,243
115,572
114,363
3,534
117,897

Governance costs includes payments to the accountants of £2,243 (2018- £2,000) for independent examination fees.

8
Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Company during the year.
THE BLOOD PRESSURE ASSOCIATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2019
- 20 -
9
Employees
Number of employees

The average monthly number of employees during the year was:

2019
2018
Number
Number
1
1
Employment costs
2019
2018
£
£
Wages and salaries
30,576
30,576
Social security costs
3,039
3,067
Other pension costs
1,376
917
34,991
34,560

The key management personnel of the charity comprises, the Chief Executive Officer and Senior Management Team. The total employee benefits of the key management personnel of the Charity were £nil (2018 - £nil). As per note 17, the Chief Executive Officer's time is provided on a pro-bono basis.

There were no employees whose annual remuneration was £60,000 or more.
10
Debtors
2019
2018
Amounts falling due within one year:
£
£
Trade debtors
20,783
7,552
Other debtors
-
516
Prepayments and accrued income
2,285
2,138
23,068
10,206
11
Creditors: amounts falling due within one year
2019
2018
£
£
Other taxation and social security
851
880
Trade creditors
6,546
3,233
Accruals and deferred income
3,165
6,311
10,562
10,424
THE BLOOD PRESSURE ASSOCIATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2019
- 21 -
12
Related party transactions

Details of related party transactions with Consensus Action on Salt, Sugar and Health (CASSH) are disclosed in the Trustees' Annual Report. The Chief Executive Officer of BPA is also the Campaign Director of CASSH on a pro-bono basis. Blood Pressure Association (BPA) is disclosed an income gifted in kind and valued at £50,000.

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