Charity Registration No. 1073031 Company Registratlon No. 03622762 (England and Wales) SOUTHEND HOSPITAL CHARITABLE FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 RickardLuckin
SOUTHEND HOSPITAL CHARITABLE FOUNDATION LEGALAND ADMINISTRATIVE INFORMATION Trustees N Gayner P Miller J Harland G Lewin E Rowe Ecox D Dedman S Carr Secretary P Miller Charlty number 1073031 Company number 03622762 Reglstered offlce Soulhend Universily Hospital Priltlewell Chase Weslcliff-on-sea Essex SSO ORY Independent examlner Baxter & Co (part ofAffinia) Lynwood House Crofton Road Orpington Kenl BR6 8QE
SOUTHEND HOSPITAL CHARITABLE FOUNDATION CONTENTS Page Trustees, report Independent examinerfs report Sl8tem6nt of financial actlvitles Balan¢e sheet Notes to the flnancial statements 8-15
SOUTHEND HOSPITAL CHARITABLE FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Truslees present their annual r8POrt and financial stalemenls for the year ended 30 Soptember 2024. The finanrial statements have been prepared in accordance with the accounting policles set out in note 110 Ihe financial statements and comply with Ihe charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). Objectives and actlvltles The objects of the charity are to provide patienls. their relatives and hospital staff, with equipment. facilities and amenllies that might nol otherwise be provided in the normal course of running the hospi121. The Foundatlon Trustees meet these objectives by initiating and suslaining fundraising events and appeals designed to rals8 signiflcanl amounls of money for carefully chosen piojects, which have received board approval. The Trustees have paid due regard to guidance issued by the Charity Commission In deciding what activities the charity should undertako. Public Beneflt The Truslees 8r8 8ware of th81r duly under S.17 of the Charitles Act 2011 to have due regard to the Publlc enofll Guidance published by the Charity Commisslon. As such, the Trustees ensure that the grants and activities of the Charlty are for public benefrt. The projecls supported benefit patients, visitors, and staff using Southend Ho8pilal. Grant Polic Funds raised by the Foundation are donated to Mid & South Essex NHS Foundatlon Trust Charity (forrnerly Soulhend University Hospital NHS Foundalion Trust Charlty) by way of grants up to the level whlch the Foundation Trustees have Gommilled lo raise for each appeal. Mid & South Essex Hospitals Charily (the corporate Charity for Southend University Hospital which is part of the Mid & South Essex Hospllals NHS Foundation Tru$l group) then applies the grant lo the chosen project. Any surplus ftjnds raised are retained in the appropriate restricled fund for the purpose of providing related equipment as and when requested by the Hospital and approved by ihe Foundation Trustees. Reserves Pollc All the funds raSsed by the charity are granted to Mid & South Essex NHS Foundation Trusl for the benefit of projects agreed al the start of the fundraising cycle. Funds are mainlained In a high inlorest deposit until the project reaches an appropriate stage for payment lo be made. The Iruslees consider Ihat reserves equal to 3 months operating cosls, equating lo approxlmalely £4,000 should be held. Any excess of Ihis would be made available lo Ihe Spotlighl Appeal. Achlevements and perforniance The grants paid in Ihe year ended 30th September 2024 lolalled £350,000 (2023= £nil) and wère pald to funds, under the umbrella of Mid & South Essex Hospitsls charity. that support Ihese specific areas of Soulhend University Hospilal. The Spollight Radiotherapy Appeal conlinued during the current financial year with the aim of raising £600,00010 enable Ihe purchase of Surface Guided Radiotherapy equipment al the Southend Uni¥8rsity Hospital.
SOUTHEND HOSPITAL CHARITABLE FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Trustees would Ilke to say a special thank you to all the individual supporters, lotral community oiganisalions, and companies who have generously supported the Foundation over the last twenly-six years. In addition. recognising the speclal contribution made by the volunteers and customers of Ihe charity shops. There has beon a return to more usual fundraising activity, including face-lo-face events and community presentation5. The Charitable Foundation look full advantage of this in building support and fundraising for the new appeal during the 2023-2024 financial year and does not envisage any changes to this approach durlng the coming years. structure, governance and management The Trustees, who are also the directors for the purpose of company law. and who sorvod during the year and up to the date of signature of Ihe financial statements were.. N Gayner P Miller J Harland G Lowin E Rowe Ecox D Dedman S Carr Le al Status The Soulhend Hospital Foundation is a charily r8gislered wilh the Charities Commlssion (charity number 1073031), and is also a ¢X*mpany limited by guarantee (company number 3622762). anlsatlon The charily is managed by a Board of Trustees who are a group of well known local people who give up thelr time lo raise much needed funds Ihal will be used foi the benefit of hospilal patienls and their families. New members ar8 recommended to Ihe board by existing Truslees and are then appointed sublect lo the unanimous opproval of Ihe Board. The appoinlrnenl then becomes effective from the next Truslees. meeting. The Board is actlvely seeking lo recruit new Truslees to fill gaps following Ihe resignalion of four, much valued, long seNing Board members. The names of the Individuals who acted a5 Trustees during the year appear above. Rlsk Mana em8nt The Trustees have considered the major tasks lo which the Charity is exposed and has put moasures in place to mitigate these risks. These Include: Divislon of duties between those receiving donations and those reporting income. A public1Sabllity insurance policyls in place lo cover charity fundraising events. Regular reporting to the Board of Trustees including details of income and expenditure. Grants cannot be made without the approval of the Board and joint signatures by appropriate Trustees.
SOUTHEND HOSPITAL CHARITABLE FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Income During the year the Foundation's income amounted to £401,737 {2023= £305,375). "Other trading activities. relates lo the charity shops, the first of which the Charitable Foundation op8ned in June 2012. A second opened in Odober 2019. Income for the charity shops for the financial year amounted to £157,660 (2023.. £146,484). Our sincere thanks go to all those individuals, organisations. clubs and cA)mpanies whose hard work and commilment helped us lo reach and exceed our targets. onditu In addition lo the grants made to Soulhend UnFverslty Hospltal, further expenditure of £153,647 (2023: £154,936) was incurred during 2023124. Cost of generating funds includeil £58,814 (2023.. £61,644) for the running costs of tho Charity Shops. ResoNes Al the y8ar 8nd th8 reserves 8re £190.308 (2023 - £292,218) of whlch free reserves are £62,130 <2023 £62,130) Directors, Interests The company is limited by guarantee so has no sharelK)Iders. None of the directors has any beneficial Interest in the company. Small companles ex•mptlon Thls report has been prepared in accordan with the provislons applicable lo companies subject to the small companies regime. The Truste rep as approved by the Board ol Truslee8. Trustee Dated. i.f.141¢¥......
SOUTHEND HOSPITAL CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTHEND HOSPITAL CHARITABLE FOUNDATION I report to the Trustees {who are also Directors for the purpose of company law) on my examinalion of Ihe financial slalemenls of Southend Hospital Charitable Foundation ('Ihe charitable company,) for the year ended 30 September 2024 which comprise the Statement of Financial Activities. the Balance Sheet and related notes. This report is made solely to the charitys trustees, as a body. in accordance with seclion 145 of the Charities Act 2011. My work has been underiaken so that I might stale lo the charity's trustees those matters l am required to slate to them in Ihis report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility lo anyone other than the charity and the charily's trustees as a body, for my work, for this report, or for the opinions I have formed. Responslbllltlés and basls of report As the Trustees of the charity (and also its dlrectors for tho PUTposes of company law) you are responsible for the pr8paralion of the ff nancial statements in accordance with the requirements of the Companles Act 2006 (the 2006 Act), Having 881isfied myself Ihal the financial sialements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respecl of my examinatlon of Ihe charity's financial statements carried out under section 145 of the Charlties Act 2011 (the 2011 Act). In carrying out my examination I have lollowed all the applicable Directions given by the Charity Commission under seclSon 145{5}Ib) of the 2011 Act. An independent examinalion does not involve gatheflng all the evidence that would be required in an audll and consequently does not cover all the mallers that an audltor considers in giving their opinion on the financial statement5. The planning and conduct of an audit goes beyond the limiled assurance that an independent examination can provide. Consequently l express no opinion as to whelher the linan¢ial slalements present a 'tru6 and fair, view and my report is limited lo those specific matters s6t out in the ind8pendent examiner's slalement. Independent examinerf8 8tatemont Since the ch8rity's gross Income exceeded £250,OCMJ your examiner musl be a member of a body listed in seclion 145 of the 2011 Act. l ¢onfirm that l am qualified to undertake th8 examination because l am a member of ICAEW, which is one of the lisled bodies. I have completed my examination. I confim) Ihat no malters have come lo my atlenllon in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of Ihe chartty as required by section 386 of the 2006 Act: or Ihe financial statements do not accord with those records- or the financial statements do not comply wllh the accounting requirements of seclion 396 of Ihe 2006 Act other than any requlrement Ihal Ihe accounts give a true and fair v18w which is not a matter considered as part of an independent examinallon., or the financial statements have not been prepared in accordance with the methods and principles of the Slalement of Recommended Practice for accounting and reporting by chartlies applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
SOUTHEND HOSPITAL CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF SOUTHEND HOSPITAL CHARITABLE FOUNDATION I have no concefns and have come across no other matl6rs in connection wRh the examinatlon lo which atlenllon should be drawn in thL8 report in order lo enat40 a proper understanding of the financlal stalemenls to be reached. Loul8e Hallsworth FCA Baxter & Co (part ol Affinial Lynwood House Crofton Road Orplngton Kent BR6 8QE Dated: ..22 Apr!12025
SOUTHEND HOSPITAL CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unrestflcted Restricted funds funds 2024 2024 Total Unrestricled Reslricled funds funds 2023 2023 Total 2024 2023 Notes Income from.. Donallons and legacies Other trading activities Investments 241,773 157.660 2.304 241,773 157.660 2.304 158,396 106,417 495 158,396 146,484 495 40,067 Totsl Income 401.737 401.737 40,067 265,308 305,375 Ex èndlture on: Charitable activities 503.647 503.647 38,600 116,336 154.936 Net Incomellexpendlturel for the yearl Net movoment In funds (101,910> (101,910) 1.467 148,972 150,439 Fund balances at 1 October 2023 62.130 230.088 292,218 60,663 81.116 141,779 Fund balanceg at 30 September 2024 62,130 128.178 190,308 62,130 230,088 292,218 The stat6ment of financial aclivitles includes all gains and losses recognised in the year. All Income and expendlture derive from continuing activities. Th8 statement of financial activities also complios with the requirements for an Income and expenditure account under the Companies Act 2006.
SOUTHEND HOSPITAL CHARITABLE FOUNDATION BALANCE SHEET AS AT 30 SEPTEMBER 2024 2024 2023 Notes Current assets Debtors Cash al bank and in hand 14.363 206,410 24,825 309.740 220.773 334,565 Creditors.. amounts falllng due within one year 12 30.465 42,347 Net current assets 190,308 292,218 The funds of the charlty Reslricled income funds Unreslricled funds 14 13 128,178 62.130 230,088 62,130 190,308 292,218 The company is enlilled lo the exemplion from the audit requlrement contained in section 477 of the Companies Act 2006, for the yèar ended 30 September 2024. The director8 acknowledge Ihelr responsrbillties for complyin9 with the requirements of the Companies Act 2006 with respect lo accounting records and the preparatlon of financial slalomenls. The members have not required the company to oblain an audit of its financial slatem8nts for tho year in question in accordance with section 476. These financlal slalemenls have been prepared In aordanCe with the provislons applicable to compan1¢$ subl8cl to the small companies Tegime. The financla la yner Trustee Company registration number 03622762 (England and Wales)
SOUTHEND HOSPITAL CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting policie3 Charity Infomiatlon Soulhend Hospital Charitable Foundation is a prwale company limited by guarantee incorporated in England and Wales. The registered office is Soulhend University Hospital, Priltlewell Chase, Westcliff-on-sea, Essex, SSO ORY. 1.1 Accountlng convention The financial slalements have beèn prepared in accordance with the chartlvs governing document, the Companies Act 2006, FRS 102 'The Financial Reporting Slandard applicable In th& UK and Republic of Ireland" ("FRS 102"} and the CharItS SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing Iheir accounts in accordance with the Flnancial R8POrting Sland8rd applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). Tho charily is a PLtblic Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not lo prepare a Slalemenl of Cash Flows. The financial statements are prepared In slerfing, which is the fvnctlonal currency of the charity. Monetary amounts in these financial sta18menls are rounded lo Ihe nearest £. The financial slat8menls have been prepared under the hlstorical cosl convention. The princlpal accounting policies adopted are sel out below. 1.2 Going concern Al the lime of approving the financial stalemenls, the Trustees have a reasonable expeclation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees conllnue lo adopt the going concern basis of accounting in preparing the financial stalemenls. 1.3 Charltabl? funds Unrestricted funds are avallab16 for use at the discretion of the Trustees in furtherance of their charitabl8 obleclives. Reslricled funds are subject to specific conditions by donors or granlor5 as lo how they may be used. The purposes and uses of the restricted funds are sel out in the notes to the financial statements. 1.4 Incoming resources Income is recognised when the charity is legally enlilled lo il afler any performance condllions have been met, the amount5 can be measuied reliably. and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable In relation to donations received under Gift Aid or deeds of covenant is recognised al the time of the donalion. Legacies are recognised on receipt or olhewise if the charity has been notified of an Impending distribution. the amount is known. and reIpt is expecled. If the amount is nol known, the legacy is treated as a conllngent asset.
SOUTHEND HOSPITAL CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting policies {Continued) Donated goods are measured at fair value (the amount for which Ihe asset could be exchanged) unless impractical lo do so. The Trustees are of the view that estimating the fair value of donated goods for resale is Impractical bec8u5e of the volume of low-value items received and the absence of detailed slock records. Thus donated goods for resale are not recognised on receipt. Instead, the value to the ch8rity of the donated goods sold is recognised as income when sold and the proceeds from sale are also recognised as "Income from other trading aclivilies" Goods donated for ongoing use by the charity are recognised as tangible fixed assels and included in the SoFAwhen receivable. Gifts in kind for use by the charity are included in the SOFA as income from donations when receivable. Gifts made in kind bul on trust for conversion into cash and subsequent application by the funds ar8 included in th8 accounting period in which the glft is sold. Donated servlces and facilllies are include in Ihe SOFA when received at the value of Ihe gift to the charity provided the value of the gift can be measured reliably. 1.5 Re90urces expended Liabilitles are recognlsed where il is more likely than not there there is a legal or constructlve obllgallon commilling the charity to pay out resources and Ihe amount of the obligation can b8 measured wilh reasonable certalnty. Support costs have been allocated befvleen govemance costs and other support. Governance costs wmprise all costs involving publlc accounlabilily of the charily and ils compliance wilh regulation and good practice. Support costs include central functions and have been allocated to activity cost categoriès on a basls consislent with the use of resources. Where there are no conditions attachirHJ to Ihe grant that enables the donor charity lo realistically avoid the commitment, a Ilability for the fijll fundlng obligation must be recognised. 1.6 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, olh8r short-lerm liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts arè shown within borrowings in current liabililies. 1.7 Flnanclal Instruments The charity has elected to apply the provisior)s of Secllon 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of ils financial instruments. Financial Instruments are recognised in the charitys balance sheet when the charity becomes party to the contractual provisions of the inslrument. Flnancial assets and liabilities are offsel, with the net amounts presented in the financial slalemenls, when there is a legally enforceable righl to set off the recognised amounts and there is an intenlion lo 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 m8thod unless Ihe ariangement constitutes a financing transaction, where the transaction is measured at the present value of the future reIPtS discounted al a market rate of interest. Financial assets classified as receivable within one year are not amortised.
SOUTHEND HOSPITAL CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng pollcies (Continued) Baslc flnancial liabilities Basic financial liabilities, induding creditors and bank loans are initially recognised at tfansaclion price unless the arrangement conslilutes a financing transaction, where the debt instrument is measured al the present value of the future payments discounted al 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 P8y for goods or Services Ihat have been aGquired in the ordlnary course of operalions from suppli&rs. Amounls payable are classified as current liabilities if payment Is due within one year or 18ss. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at transaction prlce and subsequently measured al amortised cosl using the effective interest method. Derecognitlon of Ilnanclal liabilities Financlal Ilabllllies ar9 derecognised when the charity's contraclual obligations explre or are discharged or cancelled. 1.8 Employee beneflt8 The cost of any unused holiday entitlement Is recognlsed in the period in whioh the employee'5 S8rvices are received. Termlnation benefits are r8cognised immedlalely as an expense when the charity is demonstrably commltled to terminate the employment of an employee or to provide temiination benefits. 1.9 Retirement beneflts Payments to defined contribution retirement benefit schemes are charged as an expense as Ihoy fall due. 1.10 Leases Rentals pay8b16 under operating leases, Incluithng any lease incentives received, are charged as an expens8 on a styalghl line basis over the term of the relevant lease. Crltlcal accountlng estlmates and Judgements In the 8pplicalion of the charity's accounting policles, the Trustees are required lo mak8 judgements, esllmates and assumptions about the carrying amount of assets and liabilities that aro not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and olhor factors that are considered lo be relevant. Aclu81 results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales are recognised in the period in which the eslimale is revised where the revision affects only that perlod, or In the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Restrlcted funds 2024 Restricted funds 2023 Donations and gifts 241,773 158,396 10-
SOUTHEND HOSPITAL CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Incom8 from other tradlng aefjvltles Unrestricted Restrlcted funds funds 2024 2024 Total Unre5tr1cled Restrlcted funds funds 2023 2023 Total 2024 2023 Non-charitable trading activities 157,660 157.660 40,067 106,417 146,484 Income from investments Restricted funds 2024 Restricted funds 2023 Interest receivable 2,304 495 Expendlture on charltable actlvltles Ralslng fundg 2024 Ralslng funds 2023 Dlroct costs Staff costs Cosls of raising funds 67,680 58,814 67.361 61,644 126,494 129.005 Grant fundlng of aclivit18s (see not8 7) 350,000 Share of support and governance ¢osts Isee note 81 Support Governance 15,459 11,694 15.371 10,560 503,647 154,936 Analysis by fund Unrestricted funds Restricted funds 38,600 116,336 503,647 503,647 154,936 11
SOUTHEND HOSPITAL CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Grants payable Raising funds 2024 Grants lo inslilutions: Soulhend Hospital 350,000 Support costs Support Governan¢è costs costs 2024 Support Governance costs costs 2023 Adminislrallon ¢harge Bank charges Accountancy 15,000 459 15,000 459 11,694 15,000 371 15,000 371 10,560 11,694 10,560 15,459 11,694 27,153 15,371 10,560 25,g31 Analys8d between Charitable aclivitl88 15.459 11,694 27,153 15,371 10,560 25.931 Governance costs includes payments to the independent examiner of £822 (2023- £900). Employees 2024 2023 Wagos and salaries recharged 67,680 67,361 There were no employees whose annual remuneration was more than £60.000. 10 Taxatlon The charily is exernpl from taxation on ils actNitles b8cause all ils incKJme is applied for charltable purposes. 11 Debtors 2024 2023 Amounts falling due wlthln one year: Other debtors Prepayments and accrued income 3,351 11,012 17,479 7,346 14,363 24,825 12-
SOUTHEND HOSPITAL CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 12 Credltors: amounts falling due withln one year 2024 2023 Other creditors Accruals and deferred income 5,797 24,668 42,347 30,465 42,347 13 Unr6strlct8d funds The unrestricted funds of the charity comprise the unexpended balances of donation3 and grants which ar8 not subject lo specific conditlons by donors and grantors as to how they may bè used. These include designaled fund5 which have been sel aside out of unreslrictod funds by the trustees for specific purposes, At 1 October 2023 Incomlng resources Resources expanded At30 September 2024 General ftjnds 62,130 62,130 Prevlous year: At 1 October 2022 In¢omSng resources Resource8 expended At30 September 2023 General funds 60,663 40,067 (38,600) 62,130 14 Restricted funds The restrfcted funds of the charity comprise the unexpended balances of donalions and grants held on trust subject lo specific conditions by donors as to how they may bo used. At 1 October 2023 Incoming resources Resources exponded Transfers At30 Septembèr 2024 Spotlight Radiotherapy Appeal 230,088 401,737 (503,647) 128,178 13-
SOUTHEND HOSPITAL CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 14 Restrlcted funds (Continued Prevlous year,. At 1 October 2022 Incoming resources Resource5 expended Transfers At30 September 2023 Forwards Appeal Spotlight Radiotherapy Appeal Bosom Pals On The Road 75,370 31,895 233,413 (107,265) 113,011 (5,746) (116,336) 230,088 5.746 81,116 265,308 116,336 230,088 Bosom Pals On The R08d-This fund was set up to raise funds for Ihe purpos8s of providing a mobile Breast Cancer Support Group FoardS App881- Thls fund was set up lo raise funds for the purposes of providlng equipment, etc. to various wards at the Southend Universily Hospital Spolllght R8dioth8rnpy App881- Thls fund vms 58t up lo rai38 fijnds to acquir8 Surface Gulded Radiotherapy equipment for Southend Unlversity Hospital Material Transfers FoardS Appe81 Iransler to Spotlight Radiotherapy Appeat The appeal had been successfully completed during lh8 financial year with unspent funds. The fundraising appeals allow for surplus funds to be ulilised for any other charitable purposes. The trustees have identified the Spotlight Radiotherapy Appeal as a suitable use for these surplus funds. Bosoffl Pals On The Road transf8r to Spollight Radioth8rapy Appeal.. The appeal had been successfully completed with unspent funds. The fundraising appeals allow for surplus fvnds lo be ulilised for any other charilable purposes. The trustees have identified the Spollighl Radlotherapy Appeal as a sullable use for these surplus funds. 15 Analysls of net assets between funds Unrestrlcted funds 2024 Restrlcted funds 2024 Tolal 2024 At 30 September 2024: Current asselsl{liabililies) 62,130 128,178 190,308 82.130 128.178 190,308 14-
SOUTHEND HOSPITAL CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 15 Analysis of net assets between funds (Continued) Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 30 September 2023: Current assetsl(liabilities) 62,130 230.088 292,218 62,130 230,088 292,218 16 Operatlng lease commltments Le8gee At the reporting end date the charity had outstandlng commllmenls for future minimum lease payments under non-cancellable operating leases. which fall due as follows.. 2024 2023 Wilhln one year Between two and five years In over five years 21,025 25,850 24.900 112,750 11,625 46,875 149,275 The payments recognised as an expense during the year tolalled £26,343 (2023.- £24,300) 17 Related party transactlons Transactions with related partles Mid & South Essex NHS Foundation Trust provides administrative support which indudes fundralsing aGlivities and the recordlng and banking of donations received. Thè NHS Foundation Trust's Fundraising Department regularly receives income, recharges wages and purchases items on behalf of th8 Charitable Foundation. and the net value is paid to the Charitable Foundation monthly. At 30 September 2024 tho nel amount due lo the NHS Foundation Trust was £5.797 (2023.. £14,279 due from). There were no transactions wtth Trustees or Connected Persons during the year (2023.. none). 15-