Charity No 1016883 THE FRIFNDS OF THE C.HELSEA & WESTMINSTER HOSPITAL A registered charity REPORT & UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
THF FRIENDS OF THE CHELSEA & WF,STMJNSTER HOSPITAL LECAL AND ADMINISTRATIVE INFORMATION FOR THF YF.AR ENDED 31 DECEMBER 2025 STATUS The Friends is a registered charity and is supported entirely by volunteers. It is governed by its constilution dated 21, September 2021 The Trustees of the charity are Il)e Management Committee. Management Committee members are selected or appointsd on an annual basis at th¢ Annual General Meetin& with the offi¢¢rs being elected from the membership of the Management CoThmittee. MANAGF.MF.NT COMMITTEF, Ms È Pinkster M8 % Munds Mr T Elrowi Ms V Morck Mrs l Davi¢s Lt Colonel C Dawnay Mrs A Dig¥le Mr A Goodwin Ms B Kivineii Ms A Marsdnu Mr N Massey Mrs 1 lilary O'Neil Mrs R Spa¢kman Chair Vice Chair Treasurer {Resign¢d 22.10.25} {Appoinled 21.05.25) Page I
THE FRIENDS OF THE CHELSEA & WESTMINSTER HOSPITAL LEGAL AND ADMINISTRATIVE INFORMATION (Lontinued) FOR THE YEAR ENDED 31 DECEMBER 2025 MANACEMENT TEAM Mr R (r Rooney (Charily Services Manager) PRINCIPAL OFFICE AND OPERATIONAL ADDRESS The Fri¢nds of the Chelsea & Westminster Hospital Chelsea and Westminster Hospital 369 Fulham Road London SWIO 9NH BANKERS HSBC plc 96 Glou¢¢sler Road, South Kensingiton, London, SW7 4SX INDEPENDENT EXAMINER Miss M D Aliman FCA for and on behalf of Jeffrey AItTnan & Company Chartered Accountants Wayman House 141, Wickham Road Shirley Croydon Surrey CRO 8TF. Pagc 2
THE FRIFNDS OF THE CHELSEA & WESTMINSTER HOSPKTAL MANACEMF.NT COMMITTF.E'S REPORT FOR THE YEAR FNDED 31 DECEMBER 2025 The Management Committ¢e submits its rew>rt and the independently examined financial statements for the year ended 31 December 2025. STRUCTURF,, GOVERNANCE AND MANAGEMENT The Friends is ai) unin¢oTpofdted association, govemed by and registered under the provisions of the Charities Acts. It lias a Conslilution, registered with the Charity Commisgion, goveming among other things its m¢mbership, its objects, the dppointinenl dnd r¢tirement of officers ai)d members of the Managcmenl Committce {the Truslc¢s), its financial organisation and the condu¢l of ¢ommittee and general m¢¢liiigs. The Friends has a Managyemen¢ Coinmittee. among whom are a Chair and two Viee-chairs. lis day-to-day administrnlion is in th¢ hands of the Charity ServiLes Manag¢r (See page 2 for details). Trusl¢es are appointed and elected durings the Annual General Meeting. The Friends raises funds dir¢ctly tjirough fu]IdraisiiiL? appeals and charitable trading activities. it also h&8 8 wholly owned SLibsidiary. whose auounts are consolidated with those of the Friends, and through which it ¢arri¢s on commeicial trading activities. OBJECTS, ORC.ANISATION AND ACTIVITIES FOR THE PUBLIC BENEFIT The objcu of the charity is to prowide support to patients of the Chelsea and Westminster Hospital NHS Foundation TTUSI aiid pali¢nls in ihe wider coillmuT)ity. This is largely achieved by giving financial grants EO departments for exkynditure on equipment and by providing 5ervi¢es in aid of t])e patients. In setting this objeetive the Management Committee havc given careful considerntion io the Charity ComTnission's general guidance on public benefit. CRAT4T MAKif4G POLICY The ¢harily invites applicalions principally from the various medical departments of the hospital. The applicdiils State thc amount required and the purpose for which funds are required. The applications are then rcviewed by the Mai)agJement Cominilt¢e and eiilier approved, in lolal or part, or rejccted. In addition the charity providcs a library and Hair Salon for stsff and patients. H trolley servi¢e with books and another witli goods from the shop for patienls on the hospital wards. In 2022 it also introdu¢ed a lunch trolley service for staff in partnership with I81 firm B Bagel. Grani ei)mmilm¢nts carried forward at 31 De¢cinber 2024 were £1 00,449 Grant commilments Inade during tlie year 2025 weTC £61,784 and £36,234 of grants were ¢an¢elled, making total grant commitrnents al the end of2025 of£125,999. Of these total ¢ommi(ments, £48,880 was paid during 2025, leaving total coinmitm¢nts at 31 December 2025 of £77,119. As a Inatter of accountinbT poliey, grants payablc are chavged in the year when the offer is conveyed lo the recipienL so that grants pa>able at 31 tk¢ember 2025 apFear in the balance sheet of the Friends As"Creditors" RISK MANACEMENT The Managemeni Coinmittee has ¢xamined the major stratcgic, business and operational risks which the charity fdces and coiifirms that systeins hav¢ beeii establislied to enable regular reports to be produced which will assist the Manageinent CommitteL. lo monitor and control these risks. Page 3
THE FRl£I NDS OF THE CHELSFA & WESTMINSTER HOSPITAL MANAGEI MFNT COMMITTEE'S RFPORT FOR THE YEAR F,NDED 31 DFCEMBER 2025 FINANCIAL RLVIEW AND INVESI'MENT POLICY Revenue has drvpp¢d Sibnifieantly Inainly as a result of a reduction in the le¢7tS income received in the year of £6,614 in con)pai'isoii to that in 2024 of £289,184. This coupled with the legal fees and rates expenses being incurred by rl)e tradiiig entity has resulted in a loss being generated by the group in the year to 31 December 2025. W¢ iveiE able to make grants payable of £61,784. As a iesult of lh¢ sibnhficani expcnses incuml by the tradin¥ entiry, the overall fund balan$ decreased to £444,205 (£527,532 iji 2024}. 'I'he ¢asl) Posilion at the year end reduced as a result of incr¢ased investment with the cash balance al the year end being £141,78712024..£357,566) ACHIF.VEMENTS AND PERFORMANCE Details of all the liiiidraisingJ a¢tivities of the Friends are set out in the financial slalements, in particular note 2 on pagve I l. The Friends doth not believe it is practieal to set financial fundrnising obj¢ctives in relation lo ils fundraising aclivilies. RESERVES POLICY It has been the poliLy t() Inainlain funds. whi¢h are t])e free r¢gerves of th¢ charity. al a conservalive level as compared with the predicted levels of expenditure. The obj¢¢live is to provide suffi¢ient funds to cover managyellienl, adiniiiistration aiid support cOs as well as to respund to emergency applications for funding, whicli ai'ife fTOI)I liiiie to tiine. Unrestricted r¢serves at 31 Dc¢ember ?0?5 were £444 ?05 (2024.. £527,532). PLANS FOR THE FUTURE Within thL scope and frainework of its charitable obj¢cts and its financial resources, the Friends plan to conlinuL its activities without fundaimcntsl ¢hange. At the same timc, taking into aecouiit anticipaied ¢hanges in the level and naiure of ihe service offered by Chelsea aiid Westmin8tcr Hospital NHS Foundation Trust, the Friends may adapt some of its fundraising and charilable activities in the futiire. Approved by the Ch¥tr on behalf of th¢ MAn#gement Committee on 20 May 2026 Elaine Pinkster Chair Page 4
THE FRIENDS OF THE CHELSEA & WESTMINSTER HOSPITAL MANAGEMF,NT COMMIThEF.'S RFSPONSIBILITIES IN THE PREPARATION OF FINANCIAL ST ATF.MFNTS FOR THE YFAR ENDED 31 DECEMBER 2025 The Manageineiil Committee is I'espon%ible for preparing the Managcment CoTnmiltee's Report and the Financial Stateinents in accordance with appli¢&ble law and lJnited Kingdom A¢¢ounling Standards (United Kingdom Generally Accepted Accounting Prdctice). The law applicable to ¢harilies in E.ngland & wal requires the Management Comynittee to t)repare financial stalemcnls for each tin&n¢ial year wliich give a Irue ajid fair view of the State of affairs of the charity and of the incoming reqources and application of resour¢¢s ofthe charity for that peri(d. In preparing th¢se financial stsiements, thc Managemenr Committee is requirL.d io: Select siiildble accoui)ting policies and then apply them consistently., Observe the methods and principles in the Cliarities SORP- Make judgments and estimates that are reasonable and prudent. ste whether applicable accounting standards have been followed, subject to any material departures disclosed aiid Cxplained in ihe tinancial statemcnls; Prepare the financial statements on the going concem basis unless it is inappropriate to presume that the cliarity will continue in business. The Management Committee is responsibl¢ for keeping proper accounting records which di8close with reasonaL)le &ccuracy ai any time the financial pusilion of th¢ charity and enable it lo ensure that ihe Financia] Slatemeiits coinply with the Charities Act 2011, the Statemeni of Recointnended Practice.. Accounting and ReportinkF by Cl)arities pr¢paring tlieir accounts in accordance with Financial Reporting Standard appli¢able in the lJnit¢d Kingdoiii (FRS 102) issued on 16 July 2014 and the provisions of the objects and rules of the ¢harity. 'l-liey are al80 responsible for safeguarding the assets of the charity and hence for taking ri'asonable steps for tl)e prev¢nlion and detection of fraud and other irregularities. Page 5
INDEPENDFNT F.XAMINER'S REPORT TO THE AGEMENT COMMITTEE OF THF FRIENDS OF THF CHELSEA & WESTMINSTER HOSPIT AL I report to thc trusiees on my examination of the accounls of The Friends of ihe Chelsea & WesÉminqter Hospiial for tlie year ¢nded 31 Deccinber 2025, whieh arc set out on pages 7 to 17. Respective responsibilities of Érustee$ and examiner Tlie charity's trLlStees are IE5ponsible for the pr¢paration of the ac¢()unts in accordan¢¢ with the requirements of the Charilies ALI 2011 {'the Act')- I rcpi)rt in resi)eci of Tny examination of the Trusl's accouiits Larried out under section 145 of the 2011 Act and in caJrying7 ()ut ii)y examination I liave followed all Il)e applicable Directions given by the Charity Cominission under section 14515Mb) oftlie 201 l A¢t. Independent exxininer's statement I liave completed Iny examin81ion. I confirm that. no material mallers liave come to my attention in coiine¢tion with tlie examination giving m¢ cause to iylieve ihal in aiiy malerial respect: { l } accounting records were not kept in respe of the Trust as required by section 130 of the Act. or 12) the accounts do not accord with those records. or (31 tlie accoiinls do iiot lpIY with the applicable requirements conLerningi the form and content of accoiints sei (iut iii (h¥ C'huriliLs RepcJi'i.¥) ReAHIL71inN.¥ 2008 other than any requirement that tlie accoiiiitr.. give 'lrue and fair view which is not a matter considered as part of an independent examii)ation. I liavc no concems and have come across no other mailers in connection with the examination to which attenliuii shJiild be drawn in this report in order to enablc a proper understanding of the accounts lo be reac11ed. Nam¢.' M D Altman Relcvanl professioiial qualification or body: FCA JEFfREY ALTMAN & C.OMI)ANY Chanered Accouniants Wayinxn I Ii)Iise 141. Wickhain Road, Sliirley Croydoii Surrcy CKO 81'L Date: 20 Mdy 2Q26 Thesij 11P}li11Lydrirtg1Ji¢.lI siaigftncnl.¥ li{¢. h¢¢p? s14bjgcled to ivd¢iiENdeni exdiniiiatinpL Si)e r*pori onpag¢ 6. Page 6
THL FRIEIYDS OF THE CHFLSEA & WESTMINSTER HOSPITAL CONSOLIDATED UNAUDITED ST ATF.MFNT OF FINANCIAL ACTIVITIES FOR THI YEAR II NDED 31 DECEMBER 2025 Notes Unrestricted Restricted Total Fvmds Funds Funds 2025 2025 2025 Total Funds 2024 INCOME AND ENDOWMCI f4TS FROM CEf4ERATED FIINDS Donatinn$ and Legacies: Subs¢riplions, donations and grants Other tr4ding activities: Fundrnising appeals Incoine from charitable tradiii¥ a¢tivilies C'ommercial iradinLi activities In¢oine from Investinciils 12,676 12,676 299,134 6,079 50.800 22,203 17,724 6.173 12,252 50,800 22,203 17,724 16,895 71,333 22,800 10,318 Tolal ineome and endowmtnts 109,482 6,173 115,655 420,480 EXPENDITURE Expenditure on R#isiiig funds: Fundrdising appeals Charitable irddiiig> actiwities Coininercial trading7 acliiwities Expenditure on chariLqble a)ctivities: Cost of grdni makinb, 485 19,717 45,581 485 19,717 45,581 1,670 28,317 2,220 100,829 6,173 107,002 165.243 Totsl resources expeiided 166,612 6.173 172,785 197,450 NET INCOMINCJl(OIITC()INf.) RESOURCES BEFORE OTHEII RI,;COGNISF.D C.AINS AND LOSSES (57,1301 {57,130) 223,030 Other re¢Dgnised gains and lossoy: Net (105sygain on invc%tincntg 10 (26,197) (26.197) 6,104 NF.T MOVEMF.NT IN FUNDS {83.327) (83,327) 229.134 TRANSFER BLITWLFN *IINDS Rewn¢kliA(ion of funijs: Fund balances at I st January 2025 527,532 527,532 298,398 Fund bmlanees at 31st DecLmber 2025 14 '444,205 £444,205 £527,532 1.he Cliai'ity has 1)i) re¢ognised gains or losqes other than those shown in the Consolidated Slalement of Finan¢ial AptivitiL% (above). All activitie% llre contiiiuing. Tlieb(' i[iiciiidiiE.JJiiiilllL'i171,1'laleTriertt,v hrtve l)een smbjgciedio indend¢t exumlnoiion ke rn'pori on yuge 6. Page 7
TIIE FRIENDS OF THE CHELSEA & WII STMINSTER HOSPITAL CONSOLIDATED UNAUDITED STATEMENT OF FINANCIAL AcfivJTIES COMPARATIVES FOR THE YEAR ENDFD 31 DECEMBER 2024 Notes UNr&%¢rictsd Restricted Total Funds Funds Funds 2024 2024 2024 INCOMF. AND F.NIK)WMENTS FROM GEIYERATfi,D FUNDS Donations and Legwacies: SubsLriptions, doiiations and uyrnnts Other trading activitie$: Fundraising appeals InLome from charitable trading activili¢s 297,283 1.851 299,134 7.553 71.333 9,342 16.895 71,333 Commercial tTadingy activiti¢5 Income from Inv¢slinents 22,800 10,318 22,800 10,318 Totsl income 9nd endowments 409,287 11.193 420,480 EXPEIYDITURE EXpelld1tre on Raising fund$: Fuiidiaising appeals Charitable trading) activities Commercial irading activities Expenditure on charitsblc activities: Cost ofgrant makiiig 1,670 28,317 2,220 1,670 28,317 2,220 154,050 11,193 165,243 Total resources expended 186,257 11,193 197.450 NF.T INCOMINGI(OUTGOING) RESOURCES BF.FORE OTHER RF.COC.NISED CAINS AND LOSSES 223.030 223,030 Other recognised galns and losses: Net (loss)Igain on investments 10 6,104 6,104 NET MOVEMENT IN FUP4DS 229,134 229,134 R¢concili#tion vf funds: Fund balanLes at 1st January 2024 298,398 298,398 Fund balances at 31st De¢tmber 2024 14 £527,532 £527,532 7li¢y¥ iincii4dFied]ii?ttKctL71.vtui£mel.¥ h(7ve b¢¢n &ubjcLigdio iKdepend¢ni uaTriiytalion. See reporl oRiptsge 6. Page 8
THE FRifi ND% OF'fHF CHELSEA & WESTMINSTER HOSPITAL UNAIIDI'fv,D BALANCE SHEETS AS AT 31 DECEMBER 2025 Group 202S Charity 2025 Notes 2024 2024 FIXED ASSETS Taiigrihl¢ •.%st'.1S InvestinLnts 10 410,096 276.293 410,098 276,295 410,096 276.293 410,098 276.295 CURRENT ASSETS Stuck Debi()1s c.asli al I)1)k ai)d in hand 1,685 141.787 2,018 357.566 11,512 127,712 4.479 353,075 143,472 359.584 139,224 357,554 CREDITORS.. Ainounls fallinuF due withiii one ycar 13 (109.363) (108.345) {81,741) (106,317) NF,T CURRF.NT ASSETS1{LIABI LI'TIES) 34,109 251,239 57,483 251,237 £444,205 £527,532 £467,581 £557,532 NET ASSET. FUNDS RestrictLo F'iiiids Unresri'iLted l-.unds 444,205 527.532 467,581 527,532 TOTAL FUNDS 14 £4M,205 £527,532 £467,581 £527,532 The fin<)Iici)I statements on pages 7 to 17 were approved by the Chair and Treasurer ott tkhalf of the Maiidg?Lincnt Li)Inmillee aiid auth(Irized for issue 011 20 May 2026 and signed on its behalf by.. Chaii. F. Pink%iLr Treasurer T Brown 711¢.1(' iiii¢iii(ljiL'ilJiiliTiILiuI.Fluiei*enffs have be¢Ji subjéciÉd 10 iKdopeJidenl Lwxuniitriaiion &e rL'port onpage 6. Page 9
THE FRIENDS OF THE CHELSEA & WESTMINSTER HOSPITAL ACCOUNTINC. POLICIF.S FOR THF YFAR ENDED 31 DECEMBER 2025 ACCOUNTING CONVF.NTIO The fiiiancial stateinenls have been prepared in a¢¢ordance with applicable UK accounting standards under the liistoricdl eosi Convention, on a Lyoing conccrn basis as modified by the revaluation of fixed assei invesiments to market value. The tinancial slateinents have been preparcd in all significant respects in accordance with tlie Charities (Accounts and Reports) Regulations 2008 and the Staternent of R¢coinmended Pra¢tice Accounting and Reporting by Charities pr¢paring their accounts in accordance with ihe Financial Reporting Standard applicable in the UK (FRS 102) issued on 16 July 2014 and wilh the Charities A¢1 2011. There were no departures from t])at standard. GROUP FINANCIAL STATEMENTS The Statement of Financial Aclivities {SOFA) and balan¢e sheet consolidate the financial 8tatemenls of the Charity and its subsidiary undertaking, Friei)ds' Shop (C & W) Limited on a line by line basis. PUBLIC BENEFIT Tlie Cl)ai'ily ¢onstitutes a public beiiefit entity as defined by FRS 102. TANGIBLE FIXED ASSETS Fixed assets are stated at historical cosl. Assets costing more than £400 ar¢ capitalised. Depreciation is provided on all tangible fixed dssets at rales calculated to write each Se1 dowi tt) its estimatrd residual value ev¢i)ly over its expected useful life as (ollows: otlice rquipment 20010 straight line FIXF.D ASSET INVF.STMENT Thc subsidiary c()mpany is included al its equity value based on the company's balance sheet net asset value. Other IIK¢d asset investn)ents are stated Ht market value at the balance shed dale. Any gain or loss on rL'valualioii is tskeii to the Stalem¢nl of Finan¢i81 Activities. INCOMING Rf.SOURCES Entitleiiient foi" subscriptions, donations and grants is deemed to be taken wh¢n the money is receiv¢d. l.egacies J¢¢ounled for when r¢¢eipt is probable. Fundraising appeals are recorded in the year in which the event takes place. C'liaritable trading activity incDme is dLcmed to be taken wh¢n the Inoney is received. Investinent in¢ome comprises dividend income and bank interest receivable. The incom¢ is accourned for on an acci.15 basis. RESOURCF.S EXPENDED Expenditure is incliided on an a¢¢rnals basis. Co%t8 of g)enerating funds comprise those costs directly &ttributable to raising funds. Grant8 payable are charged in the year wh¢n ihe offer is Conveyed to the recipient. Support costs coinprisc costs for running the library and other a¢tivities and the CO of running the Charity. tiovei'naiice costs comprise costs incurred in th¢ governance of the charity's assets and costs incurred in respect ot'consiiiutional and statutory Inatters. RESERvr.s R¢serves comprises of unrestricted generdl funds and reserved funds. ReseTVLi are maintained to providL sufticieni funds to cover management, administration and support ¢osts as well as to respond to emcrgency applications for funding, which arise from time to time. FI.1¢. uRioiidiledfiKiinLiol.YlaEeniei?1s kil b¢en siihjecledio twlependelll exdmimli0 See reporl onptsge 6. Page 10
THE FRIENDS OF THE CHFLSF.A & WESTMINSTER HOSPIT AL NOTES TO THE UIYAUDITED FINANCIAL STATEMENTS FOR THF, YF.AR FNDF.D 31 DECEMBER 2025 Uiiresiricted Funds 2025 Restricted Funds 2025 Total Unrestricted Restricted Funds Funds 2024 2024 SUBSCRiwfioNS, DONATIONS AND GRANTS 2025 Donaiion% received Gill Aid Rcceived Subycriptioiis received Lebsa¢i¢s aiid TTusiS received 3.301 1.291 1,470 3.301 1,291 1.470 3,373 750 4,026 289 134 297,283 1,851 12,676 12,676 1,851 Di)i)ated services re¢¢ived, bul not valued ainoiint to.. TiollLy v(Trliinteers- V<lriOUS between 20 aiid 4 hours per week Libiary iound%- 6 liours r w¢ek Averag)e liours per week Book sales volunteeis- 3 AveragFLS hours per week-Bric a Brac- 3 The Friends office is granted free of charge to the Charity. FUNDRAISING APPEALS- Orbanisers Costs 2025 Net 2024 Net Procceds Christmas F'air SummLI" Fair Spon4orth Walk.. Biittci'lly VnlunleT Manager Bribilit Side Concert Eastei. Ilallle Carol Service Chri%lmas Pri7e Draw Coronatioi) Cake Sale B¢sl for Yoii 2,141 1..537 182 237 1,959 1,300 6.173 2.147 1,522 9.342 (872) 2,401 2,335 3,086 £12,252 £485 £11,767 £15,225 2025 Net 2024 Nel Proceeds Costs CHAIIITABLf. TRADING AC'fiviTIES Tradei3' licenLe fees Cloilie% 8<21es Bric-a-hi'dcILibraiy Lunch Tr()Iley Christinas card sales 10,165 10,165 12,859 16,916 20,388 413 16.874 16,503 3,514 91)1 16.822 10,083 £50.800 £19,717 £31,083 £43,016 rhvsitr Tifr7uiidiicidliiJLII?iiol tsthieNien¢.¥ havE beeh $74bj¢'cted i(> i11dei5ng+14 #¥an?inalinn. ,S¢v report onpage 6. Pagell
THE FIUENDS OF THE CHELSEA & WESTMINSTER HOSPITAL NOTES TO TIIE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 COMMERCIAL TRADING ACTIVITIES AND IIYVESTMENT IN SUBSIDIARY The wholly4)wned subsidiary, Friends, Shop (C & W) Limited. wliich is in¢o]pordled in the United Kingdoin, pa all iL8 profit to the charity by gift aid. Friends. Shop (C & W) Limited has th¢ right to lease P£irl ol-the floor area within the hospital.'fhe right has iken granted free of charge. The charity owns the enliTe issued share Cdpltal of2 ordinary shares of £1 each. 2025 2024 SUMMARY PROFIT AND I,OSS ACCOUNT Rental income Otlier incoTne Admini.%trative expenses 22,203 22, 800 (45,581) (2.220) Net {loss)Iprofit Amoiinis byified lo the charity (23.378) 20,580 (20,580) Retaiiied in the subsidiary (23,378) The assets and liabilities of the subsidiary w¢re'. Current assets Creditors.. Amounts fallingy due within one year 15,742 (39.118) 6.491 16,489) Total net (liabilities)lassets £(23.376) £2 Awegate share capitsl and reserves £(23,376) £2 At the balan¢¢ sh¢et date the subsidiary owed the Charity £1 1,494 (2024.. £4,461). The aTnount receivable is unsecured, interest free and has no fixed date of repayment. 2025 2024 INVESTMEiYT INCOME Income from Fixed Asset Investinents Interest on cash deposits 10,971 6,753 9.607 £17,724 £10,318 These ungTudiledfiki(IN¢£ulslol¥rnepiiS h(Ive be¢M subjecled io ind¢pendeni exuniinalioFL S'ee reporl OPEp&g* 6. Pag¢ 12
THE FRIENDS OF THE CHELSEA & WESTMINSTER HOSPITAL NOTES TO TFIE UNAUDITED FINANCIAL STATEMENTS FOR TIIE Yfi AR ENDF.D 31 DECEMBER 2025 GRANTS PAYABLE Unrestri¢ied Restri¢l¢d Funds Funds 2025 2025 Totai Unrestricted Funds 2024 R¢stricted Funds 2024 2025 John Huntci. Clinic -I'hercipies l)epartment Qiynaecology Outpaiients Frailiy Saine Day Einergency Care Day Surgery (CW) Childrcii's Musie Therapy Matei'iiity Bereavemeiit Service Cheyne Cliild Development ServiLe C,lini¢al l.¢arninLi and Development Laboiir Wai'd Iniera¥l Sii'oke Support Pdlliytive Care-Bull¢rfly Rooms Stroke Unit 2.225 3,6()5 195 5,000 40.000 1,005 250 3.665 195 5,000 40,000 I,oos 250 668 290 461 3.948 449 4,578 {5,912) 4,578 (5,912) 20,320 4,190 ObstLlI'ic Aiilenatal Departrnent (West MILI) Cominiii)ity Midwif¢Ty 1,654 529 529 Main Outpalients Main Outpaiient% (Mid West). VoluiilLeriiikF Department Buttei'fly Voliinteer Coordinator ObstL'triL & Gynaecology 1,562 5,000 1,562 5,000 246 42,117 4,712 (35,408} {1,087) 6,173 (29,235) {1,087) 19,377 6,173 25,550 82,280 11.193 %uppait cost (Note 7) 81,452 81,452 71,770 100,829 6,173 107,002 154,050 11,193 7kLJS¢ IllILlltc/ii{JilliJiI1jL11II slLilemeni,¥ hiiv¢ beL)li.ghIe1&ll lo IjideijlldertI examijiaiinn .See r¢port onpuge 6. Page 13
THE FRIEND£* OF THE CHELSEA & WESTMINSTER HOSPITAL NOTES I'O THL UNAUDITED FINANCIAL STATEMENTS FOR TTrIE YEAR LNDED 31 DECEMBFR 2025 GRANT% PAYABLE {continued) 2025 2024 Keconciliation ot g)rants payable.. Coniinitineiils at l January 2025 Coiminitments made iii the ye¢ Graiils cincelled 100,449 54,163 61,784 (36,234) 93,483 (10) Grai)ts payable lor the y¢ar Grunis paid diiringy tlie year 25,550 (48.880) 93.473 (47.187) Comniitinellts at 31 December 2025 payable wiiliin one year (Noie 13) £77,119 £100.449 2025 2024 SUPPORT COSTS Promotion and marketing Salaries aiid national in%urance (Note 8) POslkigY¢ and stationeiy cxpenses Rei)airs aiid reiiewals Siil)%criptions 'rravelling 1,033 71,724 1.107 63,434 1.355 1,716 1,699 58 uii(Ii'y LegTal und Professional FLes Independeiit Lxainination fee Accouiilaii¢y Ice.% 1,250 544 420 1,750 2,510 1,850 2.770 £81,452 £71.770 The.¥(, tsrtiitidffiL'(IfiJiiiJpLiuI.Fliil¥mLililS li£iv¢, 511bj¥crLid 10 indEyendgrti exunsiiyati(?n. S¢e repori onpttge 6. Page 14
THE FRIF,ND4i OF THE CIIFI.SF.A & WESTMINSTER HOSPITAL
NOTES TO THE IINAIIDI'fED FINANCIAL STATEMENTS
FOR THE YI:AR F.NDED 31 DECEMBER 2025
2025
2024
EMPLOYEES
ilIFC%.?iid Salaries
Social .%ccurily Costs
I'eiision Loiitributions
68.977
1,160
1,587
61,724
1.710
£71,724
£63,434
Tlie avL'riigye monthly nuniber of cmployees dUrIg the year was:
AJiiiin'%ti'atiun
No ¢inployee ew'ned gJreal¢r tlian £50,000 (2024.. None)
Dliring thc year ENil (2024: £Nil) was relrnbued for expenses to Inembers of the Manageinenl Committee.
Group &
Charity
TAN('IBLE FIXED ASSF.TS
Office
Equipm¢nt
CIIqT CIII V AI.IJA TION
14alalie as at l January 2025
7.229
Balance ai 31 1)ecember 2025
7.229
r)F.PRFC.IATION
1{?13n¢e
THE FRIF.ND,¢i OF THE CHII LSF.A & WESTMINSTER HOSPITAL NUTES TO'I'HF UNAUDITED FINANCIAL STATEMENTS FOR THF. YF.AR ENDED 31 DECEMBER 2025 Group 2025 Charity 2025 10 'IXLD ASSET INVESTMENTS 2024 2024 At cosl Inve511ncni in subsidiary company Iiiveslrnevts Market value l January 2025 Addilionq DisPO.5al (LossllGaiii on revaluation 276,293 160,000 270,189 276,295 160.000 270.191 {26,197) 6,104 {26,197) 6,104 Market valiie at 31 December 2025 £410,096 £276.293 £410,096 £276,293 Toial fix¢d ass¢1 iiivestinents £410,096 £276,293 £410,098 £276,295 Historic L()81 as at 31 December 2025 £300,039 £140.039 £300,039 £140,039 Tlie wl)olly owiied subsiiliary Company, friends, Shop (C & W} Limited, leages out a shop and * h(Ii"dress11)&T saloi) within'fhe Clielsea and Westininster Hospital. All taxable profits are donated as gill aid to tlie Chdrity. ThL Iiive8tinentS Ll1 the year ended 31 Decembei. 2025 were in th¢ COIF ChaTili¢g Investment Fund Iiicoine Units. Group 2025 Charity 2025 DEBTORS 2024 2024 Trade d¢biors Ainoiint diie froiii siibsidiary undertakiT)g Oiher debtors PrepJyi)i¥i)tS (ind accrued iiicome 1,667 2,000 11,494 18 4,461 Is 18 £1,685 £2,018 £11.512 £4.479 I-ITe.sU IIMlli{(IjiL?d liiiiiiicial si(liemel.S have b¥gR yubJÉL'l¥(I 10 inde1ndnI vxamihuiion. .S¢e reiiorl Ortpage fj. Pag¢ 16
THE FRIENDS OF THE CHELSEA & WESTMINSTF,R HOSPITAL NOTES TO THF, UNAUDITED FINANCIAL .STATEMENTS FOR THF YFAR F.NDED 31 DECEMBER 2025 Group 2025 Charity 2025 12 CASH AT BANK AND IN HAND 2024 2024 LUent account MoT)¢y market a¢rounl Petty Lash 51,787 90,000 47.534 310,000 32 37,712 90.000 43,043 310,000 32 £141,787 £357,566 £127,712 £353,075 Group Charity 13 CREDITORS: Amounts falling due within one year 2025 2024 2025 2024 Grants payable Oihei. CTeditors A¢¢ruals 77,119 100,449 77,119 100,449 32,244 7,896 4.622 5,868 £109.363 £108,345 £81,741 £106,317 14 STATEMENT OF FUNDS l January 2025 Incoming Resources Outgoing Investment Transfer in Resources (L055es funds Gains 31 De¢ember 2025 UnrestrictLd funds Resiri¢ted funds 527,532 109.482 6,173 166,612 6,173 (26,197) 444.205 Total funds £527,532 £115,655 £172,785 £(26,197) £444.205 Unrestricied fiinds compri5C those funds which the Management Comrnittee ib free to use in accordanL¢ Witli the charilable objects. Re%tricte(I lunds - comprises of tunds relatingy solely to the Bullerny rooms and volunteer manager and Palliative Care and Besi for You Project. 15 TAXATION As a cliarity, The Friends of the Chelsea & Westminsler Hospital is exempt from taxation on income and gains falling within Scclion 505 of the Taxes Act 1983 (hr S¢¢iion 256 of the Taxalion of CIILirLT¢able Gains 1992 to the extenl that these ar¢ applied to its charitsble objects. No tax charges havL ¢wisLn in ihe chai'ity. The trading subsidiary has retained profits of £Nil and therefore no provision is required for laxation. TlicsE unuTidilL)IllinurtLutlsiiii¥iN6tr171.f lilive h¢trJ1 JubjL&c'igÉl lu iRtdewJiid¥rtl eX<7niiJiaÉIon..(e rvporl ortimge O. Page 17