Christy R¢glslr*tlonj No: 1063341 CompaDy Registra¢lon No. 3388579 {EMglxnd and Wales) FRIMLEY PARK CYSTIC FIBROSIS CHARITY (LIMITED BY CUARAIYTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THK YEAR ENDED 30 SEPTEMBER 2024
FRIMLEY PARK CYSTIC FIBROSIS CHARITY (LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Tru51ees MTS T Morrish, MBE (Chaimian) Mr R Pearce {Trcasurer) MrAMa) Mrs L Mav Mrs r Myers Mr B Heaiher Mr M Walker Secrelary MrAMAy Charity number l(K>3341 CCrfnpY number 3388579 Re8lStered 01¢¢ Morkel House 21 Lenlcn Sireel Alton Hampshire GU34 IHG Independent examiner Wetlone Matihews Ltd Markel House 21 Lcn¢¢n Sircct Hampshire GU34 IHG BAnkers CAf Bank 25 Kings Hill Avenue Kings Flill Wesl Malling Keni ME19 4JQ Solieitors Farrer & Co 66 Lincoln's Inn Fields London WC2A 3LII
FRIMLEY PARK CYSTIC FIBROSIS CHARITY (LIMITED BY GUARANTEE) CONTENTS Page Trustccs, rcport Slalemenl ofirusteeg respsibIlitIeS Independcnt cxaminevs report StatemcnL ot. financial a¢livilies B81antt sheel Not¢s lo Ihe financial slalements
FRIMLEY PARK CYSTIC FIBROSIS CHARITY (LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 SEwfEMBER 2024 The Tsle¢S and Directors present (heir report and accounls for the year ended 30 September 2024. 'I'hc a¢¢ounts have been prepared in accordancc wilh the accounting p)licies scl oul in notc I to the ac¢ounis and ¢omply with the ChÈritYs Memorandum and Articles ofAssoci81ion. the Companics Act 2006 and the Accounting and Reporting by Charilies., Sts(ement ofRe¢ornmended Praclicc applicablc lo chariiies preparing their accounts in accordance with lh¢ Financial RepIng Standard applicable in ihe UK and R¢public or Ir¢.land {FRS 102) {as Am¢nded for accounting periods commencin8 from l January 2016). ObJtttive5 and aetivltles 'rhc principal activity of the ehari(y conlinucd to be that of pnividing financigl and other 5UPPOrt for the Sufferers of ¢yslic fibrosis and iheir families, Ihrough the provision of clinical, welfare and medical facilities io hospitals and other similar medical instilutions. Th¢ charity's obj¢¢tive is also to support and further the research inio the diagnosis and treatment of cyslic filxosis, The Truslees have also paid duc regard the guidanc¢ i&8ued by thc Charity Commission on public nefIt when reviewing and planning their activilies in the light of the chariiy's aims and objeclives. The Trustee5 m¢¢t regularly to mana8e the activities of the charity and ziv¢ their time freely wiihoul remunerntion Achlevements and ptrformanee Durin8 the Ye wc have maintained our suprA)rt for cystic fibrosis patien¢s at Frimley Park H05Pital through our welfare pro8ramme, staff funding and training, and the provision of medical and oiher equipment. We have maintained re8ular communicalions wilh the Cenl and the medipAI sthlTto ensure that wc can help lo provide the bcsl equipmen¢ and facililies for the centre. We also mainlain regular conioct wilh the managemenl al Frimley Park Hospitsl, through quarterly mectin8S. to ensurc the besl possible care is availBble for ¢ys1ic fibrosi3 patients. We continue io discuss with Friml¢y Park Hospital m8na8ement the best way lo ulilise our funds for Ihe bcncfjl of ¢ystic fJbr05is patients. including tKitenli81 improvements and expansion of the tolal lacililies at Ihe centre. Fln4ncial review 1The Siotemenl of Financial Artivities shows a surplus for the year of £19,992 and our res¢tves now stand al £338,557. Gross income for Ihe year am(wnled £31,013 wilh lotal expenditure of £l1.021. The rnajority of the charitgs &ssets ¢ontintse to be h¢ld in inierest bearing cash dew)sit accounts, available io fund our aims sel out in the above pOrt. We are also exlremely 8rateful io those who ¢on¢inue to support our charity ihrgugh regular donation4 and through ihe facililies of Ju51Givin8.wm. Page I
FRIMLEY PARK CYSTIC FIBROSIS CHARITY (LIMITED BY CUARANTEE) TRUSTEES, REPORT (INCLUDIIYG DIREcfoRS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Reservei pollcy 11 is the rrf>licy ofihc charily that unrestricted funds ihai have nol b¢¢n dcsignated for a specific use should be maintained al a level thal enables the Charity to mccl its obligations in line with ils ongoing discussions with Ihe management of the cysiic fibrosis unit a( Frimley Park l.lospi&l to identify ihe planned rebuilding of Frimley Park Hospi1 on a new sile from 2030 onwards and the postFM)nem¢nl of a number of our CF Unit capithl projccts until such time &8 Ihe new hospital is built. The Trustees consider ihai reserves al Ihis level will ensure thaL in Ihc evenl of a significant dmp in fundin& they will be able to continue th¢ charitys current aclivitics whilc considcrfttion is 8ivcn Io w4ys in which additional funds m8y rais¢d, This l¢v¢l ofreserves h&s bcen maintained throughout ihe y¢ar. Th¢ Trustccs have ossessed the major risks to which the charity is exposed, and arc satisfied that systems are in plac¢ to mili8ate exp05ure to the major risks. The Trusiees consider ihe financial position of Ihe charily lo be stron& enobling it to continue supportlng patienls in the cystic fibrosis ¢entrc at Frimley Park Hospilal Ihrough the implem¢ntslion of (he plan scl out above. Strueture* governAnce and rnanagemtnt The charily was established under a Irust deed dated 8 July 1997 and is con8idcred as a company limiled by 8uarantee and IherL'fore 8ovcrned by a memorandum and articles of association. lThe Tru5tee& who are also directh for the puryk)ses of company law, and who served durin8 the year were: Mrs I, Morrish, MBE (Chainnan) Mr R Pearce (Treasurer) MrAMay Mrs r. Ma) Mls F Myers Mr B I leather Mr M Walker The Trnslces, rep)rt was Jpproved by the txwd of Trnstees, Mr R Pcarcc (Trcasurer) Director and Trustee Dated: 27 January 2025
FRJMLEY PARK CYSTIC FIBROSIS CHARITY (LIMITED BY GUA114NTEE) STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 Thc Truslee4 who arc also the directors of Frimley Park Cysli¢ fibrosis Charily lor the Pur[ or company law. are rcstM)nsiblc for preparin8 lh¢ I ruslces, Report and the financial slAlemcnts in accordan¢c with Ihc provisions ofAccounlin8 and Rcry)rtin8 by Charilies: Slalement of Recomrnendcd Prdeiice applicabl¢ ¢0 ¢harilies preparin8 their accounts in accordance with the finandal Rep)rtin8 Siandard appliLabl¢ in ihe UK and Republic of Ireland (fRS 102) (as amended foT accountin8 perilxls ommencin8 frorn l January 2016). Company Law requires ihe Truslees to prepare financial 51atemenls for each financial year which Bive a Irue and fair view ofihe state of alTairs ofihe charily and of the incoming resourccs and applicaiion of rcsourc¢s, includin8 thc income and expendilure. ofthe charitable c(Jmpany for that year. In preparin8 these financial stalcmcnt4 Ihc Trustecs arc rquircd 10: select suilable a¢coun(in8 policies and then apply them Consistently," observe the melhLNls and principles in Ihe Charities SORP: make jud8emenis and eslimalcs Ihat are reasonable and prudeni; stale whether applicable UK Accounling Standards have been followed, subject lo any rnaterial departures disclosed and expl8in¢d in (he financial 51aLcmcnts' and prcpare Ihe financial stai¢m¢nts on Ihe goin8 concern basis un1¢5S it is Inapproprial¢ to presume tha( Ihc charity will conllnue in owration. The Truslee5 are respjnsible for keeping 8ccountin8 records ihai disclose wilh reasonable accuruLy al any time the financial sItIon ofihe charily and eniible Ihem to ensure Ihal the financial siatemcnts comply with the Companie5 Acl 2006. They arc also resp)nsible for safe8uardin8 Ihe ossels of the ¢haril) and hence for thkin8 re&sonablc sleps for the prevention and detection of fraud and other irre8ularilies. Page 3
FRIMLEY PARK CYSTIC FIBROSIS CHARITY (LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OR THE YEAR ENDED 30 SEPTEMBER 2024 I rcwrt to the Iru51ees (who are a130 directors for the purws¢s of Company Law) on my examination of th¢ financial siaiements of Frimley Park Cystic Fibr05is Charity (Ihe charitable company,) for Ihe ycar ended 30 Seplember 2024 which comprise Ihe Stsietnent or rinancial Activiiic5. the Statement of financial l)osilion and relal¢d noies. lThis reN)rt is made solely lo the charitls irustees, as a body, in accordance wilh section 145 of ih¢ Charities A 2011. My work h8s been underlaken so that I might stale to ihe ¢harily's Iruslees those matter5 that l am required lo stale to them in this report and for no other purpose. To the fullest extent pemiti¢d by law, I do not assume Dr acccpi reSnsibIlItY to anyone othLr (han the charily and the charity's trustees as a Ix)dy, for my work, for this retKbrt, or Ivr thc opinions I havc fornicd. Responslbilitl¢s and 81S of report As Irustee5 of the charitabl¢ company, you are resw)ftsible for the preparation ofthe financial slaiements in accor{knn wtlh th¢ requirements of the Companie5 Act 2006 {'Ihe 2006 Acl,). Havin8 satisfied myself tha¢ the financial statements of the charitable ¢ompany arc not required to b¢ aUdIt under Part 16 of Ihe Act and arc eligible for independent examination, I repx)ri in respecl of mv cxamina¢ion ofthc eharitablc company's financial statem¢nts carricd out undcr section 145 orth¢ Charilics Act 2011 ('Ihe 201 l A¢t') and in canyin8 nul my examin81ion I have followed all the applicable Direction5 given by Ihe Charity Commission under s¢¢tion 145{5)(b) of the 2011 Aei. An independent examination does nol involve 8ath¢ring all the eviden¢¢ that would be required in an audil and consequently does not cover all the matters Ihat an auditor consider5 in givin8 their opinion on the financial slaiemcnls. I'he planning and conduci of an audil goes Wond Ihe limiied assurance Ihat an independent examination can provide. Con8equenlly l express no opinion as to whether the fiancial slatcmenls presenl a 'lrue and fair, view and my rew)rt is limit¢d lo those specific matters sel ou¢ in the independent examinerfs staiem¢nt. Independent examlners, AleMent I confirni that l am qualified io undertake the exominalion because l am a member of ACCA, which is one of the listed K)dies in seclion 145 of Ihe 2011 Acl I have completed my examinalion. I confirni that no matenal m&tters have come lo my atlention in connection wilh the ex8min4tion 8iving me ¢ause to belieY¢ that in any material respect: • accouniing records wer¢ not kept in res¢ of the ¢harlLqble company as required by seclion 386 of the 2006 the financial 5ts1emenls do not acrAJrd with ihose record5; or the financial stalcments do noi comply wilh the accounting requirements of section 396 of Ihe 2006 Aci othcr than any rcquiremenl that (he financial stalefflenls give a 'iTU¢ and fairf view whTch is not a maiter o)nsid¢d as part oran independ¢nl examination; or the financial statements have not been prepared in accordance with the mcthods and principlcs ofihc Staiem¢nt of Rc¢ommcnded Practice for accounling and rertIng by ch8rilics prcparing ihcir accounls in acwrdance with Ihe Financial Rew>rting Standards appIlble in the UK and Republic of Ireland (FRS 102) as amended for accouThtln8 wiods commencing from l January 2016. Page 4
FRIMLEY PARK CYSTIC FIBROSIS CHARITY (LIMITED BY GUAIi4NTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES" eonlinu¢d FOR THE YEAR ENDED JO SEPTEMBER 2024 I have no concerns &nd have come across no olher matters in connection with my examination lo which attention should bc drawn in this reporl in ordcr lo cnabl¢ a prOT underslandinB ofthc financial slalemenls lo be reachcd. W Croucher FCCA Wctlone Maiihew5 Ltd Markei Flouse 21 Lcnt¢n Slrect Alton Flampshire GU34 IHG Date.. AS MfvLcrl le¥1£ Page 5
FRIMLEY PARK CYSTIC FIBROSIS CHARITY (LIMITED BY CUARANTEE) STATEMENT OF FINANCIAL AcfiviTIES INCLUDING ANCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unrericted Funds Restricted Funds Total 2024 loial 2023 Nole Jn¢ome and endowments from: Donaiions and l¢gacies 11,681 11,681 9.276 Chari18ble aclivilies 9,500 9,500 io.oo Investmenls 9,832 9032 5,820 Total inwmc and endowments 31,()13 31,013 25.096 Expendilure on: Charitable activilies 11,021 12,296 Toial cxpendilurc 11,021 11.021 12.296 Net Incomel(expenditure) 19.992 19,992 12.800 I ransfers in between funds TransfeTS oul between lunds movement In fund$ 19,992 19,992 12,800 'unds brought fonvard at l Oclober 2023 318,565 318,565 305. 765 Funds egrrled fonvard art 30 September 2024 338,557 338,557 318.565 'I'he ststemen¢ of linancial a¢livilics includes all gains and losses reco8ni5ed in ihe Yer. All incomc and expenditure derive from conlinuin8 Activilies. I'hc slalem¢nt of financial a¢tivilics also complies wilh thc requirements for an income and cxpendilurc occounl und¢r thc Cornpanies Acl 2006.
FRIMLEY PARK CYSTIC FIBROSIS CHARITY (LIMITED BY GUARA]YTEE) BALANCE SHEET AS AT 30 SEPTEMBER 2024 Unrestricted Reslricled Totsl 2024 Toial 2023 Note CyrreD¢ Assets Debtors Cash bank and in hand 4.409 334,827 2647 316,592 334027 339.236 339.236 319,244 Credltors: Amounts falllng due within ont year 679 679 679 Net ¢urrent assels 338,557 338,557 318,565 To¢al issel$ l¢ss ¢urren¢ liabilitie5 338.557 338 JS7 318, 565 Total Ntl a)5¢15 338,557 338.557 318,565 Intome funds 338,557 338J57 318, 565 For ihe finan¢iol year ended 30 September 2024 the charitable compony was entitled to exemplion from audil under section 477 of the Companies Acl 2006 relatin8 to small eompanies and no n1¢¢ has been deposited under Section 476 ofthe Aol. 'Ihc dirLtOrS acknnwledgc thcir rcsponsibilitics for ensurin8 that the charilable COThpany kecps accouniing rccords which Comply with section 386 of the Acl and for prcparing dLwunts' which givc a tru¢'and fair vicw ol'thc slal¢ or aflairs ofthe charitable company as a( the cnd of ihe financial year and of ils surplus or deficit for the financial year in accordance wilh ihe requirernents of the Compantes Act 2(K)6 relatin8 lo accounts, so far as &ppli¢abl¢ lo Ihc company. "rhLe finanLial slutements hav¥ be¢n,prepared in accordance wilh the provisions applicable to companies subject to the small companies regimc. Thc financi91 slalcmcnts werc approvcd by ihe Board ol'Truslcc5, auihoris¢d for issu¢, and werc signcd on ils bL.half by., Mr R Pearcc ('freawrcr) Director and"1 ruslcc Dated; 27 January 2025 Cumpany Re8iStralion N¢). 33118579 Pa8e 7
FRIMLEY PARK CYSTIC FIBROSIS CHARITY {LIMITED BY CUARANTEEI NOT TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JO SEPTEMBER 2024 l Accounting Poll¢l¢s 1.1 Aeeounting conventtoft The a¢¢ounts hav¢ bccn prepared in accordancc with lh¢ Charily's mcmorandum and articles of associalion, th¢ Companie5 Act 2006, "Accounling and Rewrting by Charilics: StatCTnent of Recommended Prdctice appli¢able lo charities preparing (hcir accounts in Accordance with the Financial Repx)rting Standard Applicable in ihe UK and Republic of Ireland {FRS 102}" (as amended li)r accounting period5 comrnencing from l January 2016). and with Ihe Charilies Act 2011. The charity is a public benefit entily &s denned by FRS 102. I'h¢ chorily has taken advantage of ihe provisions in the SORP for charilie3 applyin8 FRS 102 Upda1¢ ljullctin I Trol to prepare a Siatemenl ol. Cash llows. The financial slatements are prePad in sterlin8> which is the functional currency of ihe charily. Monelary Jmounts in the financial slalemen15 are rounded to ihc nearesl £. These accounts have been prepared under Ihe historical cos1 convenlion. The principal accounting policies adopted aT¢ Set oui below. 1.2 Golng eoneern At (he time of approvin8 the financial stalements, the Tnjslees have a re&soThabl¢ expectation that the eharily has adequate r¢8our¢cs lo conlinue in opcrdtional exisnce for Ihe foresccablc fuluw. Thus ihe Tnbstees conlinuc to adopt the going concern b&8is of 8ccounting in preparing th¢se financial statements. 1.3 ChAritabl¢ funds Thc charity has 8 5in8le fund whi¢h 15 wholly unrestric*d. Unr¢stricled funds are available for use at th¢ discreiion ofthe Tru51ces in furtherancc oftheir charitable objedivcs unless ihc funds have b¢cn designaied for olhcr purp)se5. 1.4 Incom¢ Income is recognised when the charity is legally entiil¢d to It after any perfomance condition5 have been mel, the amounts can be measured reliably, and il 15 probabl¢ thal income will be received. Ch donations ar¢ recognised on rcccipt. Other donations arc r¢co8nised Ihe charily has becn nolificd ot. thc donalion, unl¢ss perfornian¢¢ condilions require deferral of th¢ amount. Income lax recovcrable in relalion (o donations received under 8ift aid is recognised al ihe lime of (he donation. Inleresl on funds held on dekKlt is accounted for as investrnenl income and is reco8nised when rrf¢ivabl¢ and the amount can be measured reliably by the charil). 1.5 Expendlture Expendilurc is accounicd for on an accruals basi5 as thc liability is in¢urrcd. Expendilurc includcs an). altribulable VAT that cannot be reclaimed and is rewrtgd as part ofthe expendilure io which il relates. Cosi ofgeneTaling funds compriscs the cosls ass(Kiat¢d wilh handling the donations from lh¢ donors. Charitable cxpcndilurc compriws those costs incurred by the ¢harity in ihe dclivery of its activities and scrvices for ihc benefici8rics. It includ¢5 LK)Ih costs ihal can be allocat dirccily 10 5u¢h aclivilics and thoge costs oran indirccl nature rte¢¢ssary to sUprt thcm. Governanee costs includ those attributable to the management of the charily's asse or88nisational administration and compliance wlth constiturlonal and ststutory requiiements. Page 8
FRIMLEY PARK CYSTIC FIBROSIS CHARITY (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR E]YDED 30 SEPTEMBER 2024 1.6 Cash it bank and In hand Cash at bank and in hand includes. bank currenl and deFM)Sit accounts wilh no wiihdrawal limiiaiions. 1,7 Financlal Instrumenls rinancial assets and liabilities arc recognised in the balance shcel when th¢ charity becomes a porty lo ihe cunlruclural provisions of the ittslrumenl. Trade and olher deblots and credilors orc cla$sitied as b&sic financial InStments and mwured ai inilial rccognilion al transaction price. Debtors and credilors are subseguenlly measured al amortised cosi usin8 the eifectiv¢ inierest rate mdhod. A provision is established when Ihere is obje¢live evidence Ihat lh¢ charity will not be able to collect all amounts due. Cash and cash equivalents ar¢ classified is basic financial in51ruments and wmprise cash in hand and al bank, short tern) bank detx)sits with an original malurily of three months or less and bank ov¢rdrafts which are an integral part ofthe charity's cash managemeni. 1.8 Tlxatlon The chorily is exempl from corFK)ralion tax on its chari¢able activilies. Unrestricled Funds Restricied Funds Total 2024 Tolal 2023 2 Anayl$ls of Income 2,1 Donallons and legacl¢s General donations Tax recoverable on 8ift aid 9,919 1.762 9,919 1,762 7,964 1,312 11,681 11,681 9.276 2.2 Charitable a¢¢lvities GoifDuy 9,500 io,ooo 9,500 10.000 2.3 Inv¢slmtnts Interest on bank and derrf)sil accounts Interest on laie receipi ofgift aid 9,832 9,832 5.820 9,832 9,832 5.820 Total income 31,013 31.013 25,096 Pa9
FRIMLEY PARK CYSTIC FIBROSIS CHARITY {LIMITED BY GUARANTEE> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unrestricted Reslricled Funds Total 2024 Total 2023 Analysts of Exp¢ndlture CharliAble aTllvl¢les Welfore paymenls I lospilal stall'suptK)rt funding and trainin8 Medical and oihcr equipmeni Telephon¢. television and inlemct services 2,263 6,683 2,263 6,683 8.915 946 953 953 953 9.899 9.899 10,814 Support eo$ls Administraliv¢ expcnses Insurance 173 349 173 349 549 333 Goveernanee ¢osts Independ¢nl ¢x8miner's fee5 600 600 600 Tolal expendltur¢ 11.021 11,021 12,290 4 Debtors Tax rccoverable PpaYments and accrued income 4,409 4,409 2,647 4,409 4,409 2.647 5 Cr¢dltors.' amounts Talllng dye wlthln ODe year Credilors- Oulstanding gccounts payable Accruals 79 600 79 600 79 600 679 679 679 Employees Ther¢ were no employccs during the year. Related party traDs*rtions and irusttes, remuneralio No remuncralion was paid to trustees in ihe year. During the year, £39 was reimbursed io Iruslecs in rcspeci ofexpenses incurred on behaifof thc charily {2023: £58). In Ihe opinion of th¢ I ruslee4 there re no related party Iransaclions fallin8 lo be discloscd in ihese rjnancial statem¢nis. Page 10
FRIMLEY PARK CYSTIC FIBROSIS CHARITY (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 8 Char6ty informAtlon rrimley PDrk Cystic fibrosis Charily is a private ¢ompany Itmilcd by guarant¢c inCor)ral¢d in Cn8land and Wales. Thc register¢d office is ai Markd House, 21 L£nten Strect, Allon, 14ampshire GU34 114G. 9 Ststement of fin•n¢lal aetivitles PrtViOU8 year (showlng analysls by thnds) Unresiriclcd Fund3 Reslrict Tot*1 2023 Ineome and endowments from: l)onations and IcBacies 9,276 9.276 Charitabl¢ activities lo,0 io,w)o Invesimcnls 5,82Q S020 Tol#l Income 2nd ¢ndowmenls 25,096 2S096 Expendlture on: Charitable aclivliies 12,296 12,296 Toial expendilurc 12,296 12,296 N¢t Ineomelleipenditure) 12,800 12,8(K Transf¢rs in between funds Transfers i)ui b¢lw¢Ln funds N¢¢ movem¢nl In fiinds 12,800 12000 Funds brought forward a¢ l Ottober 2022 305,765 30S,76S Funds ¢arrled fonvgnl #t 30 September 2023 318.565 Page 11