ST. GEORGE'S KIDNEY PATIENTS ASSOCIATION UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31. DECEMBER 2024 Charity Re(Istration number- 1021655
ST. GEORGE'S KIDNEY PATIENTS ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CONTENTS PAGE PAGE Charity Information Trustees Report and Accounts forthe year 2to4 Independent Examiner's Report 5t06 Statetnent of Financial Activities Balance Sheet Notesto the Financial Statements 9t015
ST. GEORGE'S KIDNEY PATIENTS ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CHARITY INFORMATION Legal Status: Unincorporated Charity Charity Registration number- 1021655 REGISTERED OFFICE St. George's Hospital Blackshaw RoaLI Tooting London SW17 OQT WEBSITE ADDRESS ¥WLsgkpa.010 .uk TRUSTEES Michael James Greatorex Stephen Wen Kai Chang Charles Adomako Basoah BANKERS HSBC PLC 184. High Street Bromley Kent BRI IHE ACCOUNTANTS ADOMAKO BASOAH & CO. Chartered Certified Accountants Registered Auditors 45, Tindale Close Sanderstead South Croydon Surrey. CR2 ORT INDEPENDENT EXAMINER Louise Hallsworth FCA Affinia Crofton Road Lynwood House orpinon BR6 8QE Page I
TRUSTEES REPORT AND ACCOUNT5 FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their report together with the financial statement5 for the year ended 31, December 2024 BASIS OFACCOUNTS PREPARATION The financial statements have been prepared in accordance with "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 1021 (Second Edition)" the Charities Act 2011 and UK Generally Accepted Practice as it applies from l January 2015. The financial statements have been prepared to give a true and fair" view and have departed from the Charities {Accounts and Reports} Regulations 2008 only to the extent required to provide a "true and fair view" This departure has involved following"Accounting and Reporting by Charities Statement of Recommended Practice applicable to Charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland { FRS 102) { Second Edition } rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from l April which has since been withdrawn. The financial statements have been prepared in accordance with the accountin8 policies set out in Note 2 to these accounts, and in accordance with the governing document of the Charity. GOVERNING DOCUMENT AND OBJECTIVE The governing document for the charity is its Constitution. The Objects of the Charity are: Promote the relief of persons with kidney disease or renal failure. Advance education of the public on matters relating to kidney disease. The trustees have referred to, where nece55ary. the guidance issued by the Charity Commission on public benefit when reviewing the aims and objective5 of St. George's Kidney Patient5 Association and in planning future activities. TRUSTEES The business and affairs of the Charity are managed by the trustees of the Charity. The trustees who served during the year, and as at the accounts, approval date are: Michael James Greatorex Stephen Wen Kai Chang Charles Adomako Basoah Page 2
TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 ( continued ) THE ACTIVITIES OF THE CHARITY The principal activities of the charity are
To provide medical, support and related equipment, aid5 and resources to hospitals, dialysis and care centers, which may not be available, or may not be available in a timely manner from the NHS. to enhance the treatment, service experience and care of renal patients for the benefit of renal patients, in particular renal patients under the care of St. George's Hospital, London. To provide and advance education, knowledge and information on appropriate websites and media on the prevention, care and treatment of renal and related di5ease5, and the importance of kidney donation for transplantation for the benefit of the public, in particular renal patients and their families. To promote, finance and organise activities and events for renal patients and their families that contribute to the maintenance and enhancement of the service experience, well-being and health of renal patients for the benefit of renal patients, in particular renal patients under the care of St. George's Hospital, London. ACHIEVEMENTS DURING THE YEAR During 2024, the charity wa5 Still awaiting a decision from St. George's Hospital on the building of a new renal unit. As a result, the hospital and the charity were putting much of their renal spending on hold. This included not making further investments in the Courtyard Clinic dialysis unit which was one area of which had been considered by St. George's KPA. In April 2025, the government announced that the project, to build a brand-new hospital to replace St Heller, was delayed by 8 years to 2033. As of December 2025, no decisions have been taken by the NHS or GESH (St. George's Epsom and St. Heller Hospital Trust) on any interim plan5 for the renal unit (which was dependent, in part, for its funding from the new hospltal protect budget }. Therefore, the charity will now review its plans for the next 5 years and in particular the extent to which it will shift its expenditure to patient support programmes rather than medical and building infrastructure. The Charity continues to provide a website which provides patient information and as a communication's vehicle for both hospital, staff and the charity. As in the previous years, the Charity organised a Christmas carol concert at St Paul's Church, Knightsbridge, London to raise funds for the charity. th The trustees are grateful to all those who helped to make this 24 concert a success. The church was close to capacity. page 3
TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 ( continued ) FINANCIAL REVIEW The charity made a net income of £24,499 (2023- £2,629) during the year. The Charity continues to hold a significant reserve5 for projects a550ciated with the building of the new renal unit. GOING CONCERN The trustees consider that the Charity has adequate financial resources to continue in operation for the foreseeable future. POST BALANCE SHEET EVENTS The trustees are not aware of any post balance sheet events which could materially affect these financial statements STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are responsible for preparing the Trustees, report and the accounts in accordance with applicable law and United Kingdom Accounting Standard5 {United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wates require the trustees to prepare accounts for each Financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that year, In preparing these accounts, the trustees are required to: Select suitable accounting policies and then apply them consistently. Observe the methods and principles in the Charities SORP. Make judgement5 and estimates that are reasonable and prudent. State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and Prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for- Keeping sufficient accounting records that disclose with reasonable accuracy at any time the Financial position of the Charity and enable them to ensure that the accounts comply with the Charities Act of 2011, the appropriate Charity (Account5 and Reports) Regulations and the provisions Df the Charity's Constitution. Safeguarding the asset5 of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. APPROVAL This report was approv behalf by y the trustees on . Janaury 2026 and signed on its Michael Chair of Truste ames reato Charle mako Basoah Treasurer page 4
ST. GEORGE'S KIDNEY PATIENTS ASSOCIATION INDEPENDENT EXAMINER'5 REPORT TO THE TRUSTEES OF ST. GEORGE'5 KIDNEY PATIENTS ASSOCIATION I report to the Trustees on my examination of the financial statements of St. George's Kidney Patients Association for the year ended 31 December 2024 which comprise of the Statement of Financial Activities, the Balance Sheet and related notes, as set out on pages 7 to 15. This report is made solely to the charity's trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters l am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charit¢s trustees as a body, for my work, for this report, or for the opinions I have formed. Responsibilities and basis of report As the trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ( the Act"). I report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)Ib) of the Act. An independent examination doe5 not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor consider5 in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, l express no opinion as to whether the financial statements present a "true and fairf, view and my report is limited to those specific matters as set out in the independent examiner's statement Independent Examiner's Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
Accounting records were not kept in respect of the charity as required by section 130 of the Act; or The financial statements do not accord with those records; or The financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports l Regulations 2008 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. page 5
ST. GEORGE'S KIDNEY PATIENTS ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST. GEORGE'S KIDNEY PATIENTS ASSOCIATION { continued } 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. Louise Hallsworth FCA Affinia Crofton Road Lynwood House Orpington BR6 8QE g February 2026 page 6
ST. GEORGE'S KIDNEY PATIENTS ASSOCIATION STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 DECEMBER Z024 Note INCOMING RESOURCES 2024 Unrestricted 2023 Unrestricted Cha rita ble Activities 6.422 6,547 Fund Raising 18.626 12,265 Investments income TOTAL INCOMING RESOURCES RESOURCES EXPENDED Expenditure on Raising Funds Expenditure on Charitable Activities 4.1.4 7,429 5,719 407 4.2.3 TOTAL RESOURCES USED 22.126 Net income for the year 24,499 2,629 BALANCE BROUGHT FORWARD BALANCE CARRIED FORWARD 429 160 There are no further recognised gainsl Ilosses} other than the surpluslldeficit) for the above financial years. The notes on pages 9 to 15 form an integral part of these financialstatements. page 7
ST. GEORGE'S KIDNEY PATIENTSASSOCIATION BALANCE SHEET AS AT 31 DECEMBER 2024 Note 2024 2023 Unrestricted Unrestricted CURRENT ASSETS Debtors 2,212 3,250 417 023 Bank and cash balances Total Current Assets 430,155 420 273 CREDITORS: Amounts falling due within one year 995 15.612 TOTAL NET CURRENT ASSETS 404 661 TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS Unrestricted Funds The notes on pages 9 to 15 form an integral part of these tinancial statements. These financial statements were approved bythe Trustees and authorised for issue on ..January 2026 an re donb Lfof e Trustees by: Michael James G Chair of Trustees rex Charles Ado ako Basoah Treasurer page 8
ST. GEORGE'S KIDNEY PATIENTS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 I. BASIS OF ACCOUNTING 1.1 The financial statements have been prepared in accordance with "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparingtheii accounts in accordance with the FinanciaL Reporting standard applicable in the UK and the Republic of Ireland { FRS 102) { Second Edition I" and the charities Act 2011 and UK GeneraLlyAccepted Practice as it applies from i. January2015. The financial statements have been prepared to give a'true and fair" view and have departed from the Charities l Accounts and Reports } Regulation 2008 onlyto the extent required to provide a'true and fairview". This departure has involved following "Accounting and Reporting by Charities . Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial ReportinE Standard appLicable in the UK and Repu blic of Ireland {FRS 1021 (Second Edition )" rather than the Accounting and Reporting by Charities= Statement of Recommended Practice effective from l April 2005 which has since been withdrawn" The financial statements have been prepared in accordance with the accounting policies set out in Note 2 to these accounts. and in accordance with the Eoverning document of the Chaiity. 1.2 The Charity constitutes a public benefit entityas defined by FRS 102 1.3 No changes to accounting estimates have occurred in the reporting year. 2. ACCOUNTING POLICIES. INCOMING RESOURCES 2.1 Recognition of Income Income are recognised and included in the Statement of Financial Activities I SOFA } when: The Charity becomes entitled to the resources: It is more likelythan notthatthe trusteeswill receive the resource. and The monetaryvalue can be measured with sufficient reliability. 2.2 Offsetting There has been no offsetting of assets and liabilities. or income and expenses. unless required or permitted bythe FRS 102 SORP or FRS 102 2.3 Grants and Donations Grants and Donations are only included in the SOFAwhen the general income recognition criteria as stated above are met. 2.4 Legacies Legacies are included in the SOFAwhen receipt is probable, that is. when there has been grant of probate, the Executors have established thatthere are sufficient assets in the estate and any conditions attached to the Legacy are eitherwithin the control of the charity or have been met. 2.5 Tax Reclaim on Donations an(1 Gifts Girt Aid receivable is included in income when there is a vali(J declaration page 9
ST. GEORGE'S KIDNEY PATIENTS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 {Continued) from the donor. Any GirtAid amount recovered on a donation is considered to be part ofthat gift and is treated as an addition to the same fund as the initial donation unLess the donor orthe terms ofthe appeal have specified otherwise. 2.6 Donated Goods Donated goods are measured atfairvalue. ( the amountforwhich the asset could be exchanged) unless impracticalto do so. Goods donated foron-going use bythe Charity are recognised as tangible fixed assets and included in the SOFA as incoming resources when receivable. Gifts in kind for use bythe Charity are included in the SOFA as income from donations when receivable 2.7 Donated Setvices and Facilities Donated services and facilities are included in the SoFAwhen received atthe value of the giftto the charity provided thevalue of the gift can be measured reliably. 2.8Volunteer Help The value of anyvoluntary help received is not included in the accounts. 2.9 Settlement of Insurance Claims Insurance claims are onLy included in the SoFAwhen the general incotne recognition criteria are met. and are included as an item of other income in the SOFA. 2.10 Income from Interest. Royalties and Dividends This is included in the accounts when receipt is piobable and the amount receivable can be measured reliably. 2.11 Investment gains and losses This i ncludes any realised or unrealised Eains or losses on the sale of investments and any gain or loss resultingfrom revaluing investments to marketvalue atthe end ofthe financialyear. APPLICATION OF RESOURCES. 2. 12 Liability Recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committingthe Charity to pay out resources and the amount ofthe obligation can be measured with reasonable certainty. 2.13 Grants. Grants and donations are accounted for when paid. page 10
ST. GEORGE'S KIDNEY PATIENTS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.14 Costs directly related to the work of the chaiity. Costs directly related to the work ofthe Charity are accounted forwhen due. OTHER ACCOUNTING POLICIES 2.15 Funds Unrestricted funds representfunds which ale expendable at the discretion ofthe Charity in the furtherance of its objects and which have not been designated for other purposes. Restricted funds can only be used for specified purposes. The purpose of any restricted f und is noted in the f inancial statements. 2.16 Going Concern At the time ol approvingthe financial statements. the trustees have a reasonable expectation thatthe Charity has adequate resources to continue in operational existence forthe foreseeable future. Thus the trustees have therefore continued to adopt the going concern basis in preparingthe Charity's financial statements. 2.17 Employment Benefits The cost of any unused holiday entitlement is recognised in the year in which the employee's services are received. 2.18 Taxation In the opinion of the trustees. the Charity is exempt from the United Kingdom Taxation on its incoming resources forthe year. 2.19 Accounting estimates and judgements In the application of the Charity's accounting policies. the trustees are required to make judgements, estimates. and assumptions about carryingamount of assets and liabilities that are not readily apparent from other resources. The estimates and associated assumptions are based on historic experience and otherfactors that are considered to be relevant. Actual results may differ frorn these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision aff ects only that period. or in the period of the revision and future periods where the revision affects both current an(J future periods. 2.20 Apportionment Of Costs Between Activities Governance and Other Costs are apportioned between Activities { Charitable and Expenditure to raise funds ) on the basis of each activity's income in the year in relation to each other. This policy excludes any exceptional and non-recurring items. 2.21 Financial Instruments The Charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. page 11
ST. GEORGE'S KIDNEY PATIENTSASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 3 INCOMING RESOURCES 3.1 Charitable Activities income 2024 2023 Unrestricted Unrestricted Funds Fund Donations 5726 4,802 Gift Aid Claim 696 6422 3.2 Fund Raising 18626 3.3 Investments income Bank Interest 8114 5,943 4 RESOURCES EXPENDED 4.1 EXPENDITURE ON RAISING FUNDS 4.1.1 DIRECT SPENDING 2024 2023 Christmas Concert Costs 4.1.2 GOVERNANCE 2024 2,023 Independent Examiner's Fees Internet Charges Bank Charges 577 605 535 49 47 582 4.1.3 Other Costs Insurance 109 92 Just Giving Subscription Bad debt 107 520 629 199 4.1.4 SUMMARY OF EXPENDITURE ON RAISING FUNDS DIRECT SPENDING 5,569 4,938 Supportfor raisingfunds Governance Others 1,231 29 582 199 page 12
ST. GEORGE'S KIDNEY PATIENTS ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ( continued ) 2023 2024 Unrestricted Unrestricted Fund Funds 4.2 EXPENDITURE ON CHARITABLE ACTIVITIES 4.2.1 DIRECT SPENDING Patients Benefit Equipment 4.2.2 SUPPORT FOR CHARITABLE ACTIVITIES 4.2.2.1 Governance costs Independent Examinerfs Fees Internet Charges Bank Charges 418 475 545 48 39 932 593 4.2.2.2 Others Insurance 93 Just Giving Subscription 216 109 302 202 4.2.3 SUMMARY OF EXPENDITURE ON CHARITABLE ACTIVITIES 2024 2023 Direct spending Support for charitable activities Governance Others 15,612 932 302 593 202 Details of certain items of Expenditure 2024 2,023 Independent Examiner's Fees 995 DEBTORS 2024 Unrestricted 2023 Unrestricted Sundry Debtors Basic f inanciaL assets, including other debtors and prepayments are initially recognised at transaction price, unLess the arrangement constitutes a f in3ncing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of ifiterest. Such assets are subsequently carried at amortised cost using the effective interest method. less any impairment. page 13
ST. GEORGE'S KIDNEY PATIENTS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (Continued) BANKAND CASH BALANCES 2024 Unrestricted 2023 Unrestricted Current Account DepositAccount Christmas ConcertAccount 2.552 411.775 19,208 385,626 417 022 Cash and cash equivalent includes cash in hand, deposits held at call with bank5. Other short- term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. CREDITORS: Amounts falllng due within one year 2024 2023 Unrestricted Unrestricted Sundry Creditors Basic f inancial liabilities. including trade and other creditors. loans f rom third parties and loans f rom related parties are initially recognised at transaction price. unless the arrangement constitutes a financingtransaction. where the debt instrument is measured atthe presentvalue ofthe future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost usingthe effective interest method, less any impairment. FUNDS 9.1 UNRESTRICTED FUNDS 2024 2023 Balance Brought Forward Incoming Resources Resources Expended Balance Carried Forward Unrestricted funds representfunds which are expendable atthe discretion of the Charity in the furtherance of its objects and which have not been designated for other purposes 404.661 33.162 402.032 24.755 10 RELATED PARTY TRANSACtIONS No trustee received any remuneration nor benefit5 during the year. No trustee claimed expenses for their work as a trustee. There were no related party transactions in the year. 11 POST BALANCE SHEET EVENTS There has been no post balance sheet event which could materially affect these financial statement5. page 14
ST. GEORGE'S KIDNEY PATIENTS ASSOCIATION NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Icontinuedl 12 EMPLOYEES There were no employees duringthe year12023-none ) 13 RESERVE POLICY A balance is retaine(l in the general fund to meet unanticipated expenditure and programmed work that can not be funded from a singleyeafs budget. The Trustees endeavour to tnaintain sufficient Reservcsto ensure thatthe Charity is on a "going concern" basis at all times. The Charity's General Fund (Unrestricted fund) balance atthe end of the yeaiwas £429,160 Our reserves policy is to ensure available suff icient resources to enable the charity to Provide its services and programmes overthe longerterm. 14 Volunteer Contribution The Charity is heavily reliant on volunteers who contribute their skills. ti me. and their resources in the furtherance of the work of the charity. Principally. this contribution is by setving on committees ofthe Charity that deal with finance. policy. developments etc. The value of the contribution of volunteers is not included within the income ofthe Charity- The trustees are grateful to all of them fortheir help and commitment. 15 APPORTIONMENT OF SUPPORT COSTS AMONGST ACTIVITIES. 2024 2023 Charitable Expenditure Activities to raise funds Total Charitable Expenditure Activities to raise funds Total GOVERNANCE Independent Examiner's fees Internet Charges Bank Charges 418 577 995 454 37 626 1,080 88 545 535 1,080 51 47 593 582 OTHER COSTS Insurance 82 113 195 93 92 185 216 Just Giving Subscription Bad debt 216 216 109 107 520 520 298 Governance and Other Costs are apportioned between Activities { Charitable and Expenditure to raise funds ) on the basis of each activity's income in the year in relation to each other. This policy excludes any exceptional and non-recurring items. 633 931 202 199 401 page 15