COMPANY RF.GISTRATIO.N NUMBER.. 0682119.50 CHARITY REGISTRA'I'IOTrI NUMBFR: 1129077 FRIFNDS OF QLIEEN MARY'S SIDCUP LIMITFD Company Limited by Guarantee UNAUDITED FINANCIAL STATEMENTS 31 DFCF.MBER 2023 Chdtiered Cenifityd Accounianis Nutn¢ric Hou%e 98 Siaiion Road Sidcup KenL DA157BY FRIF.NDS OF QUTr.F.N NIARY'S SIDCLP LIMI"fED CO%IPANV I.INIITF.D B Y GU.IRANTEE FIN.4NC.IAI. STATEMEYTS YEAR ENDED 31 DECEMBER 2023 Truste¢.4' #Dnual report {)ncorTK)ratin8 rhe direciuts. report) Independ¢nt exatninerfs re￿)n to it￿ ￿￿¥tee5 6t07 STatemrnt tsf financial xcrivilies liwluding IKorrt and eX￿nd1[ure accounil Siai¢rnent v( financial TX)511ion 11 to 10 nlch li? rhe linanciaS sr&i¢m¢nts 11 to 111 RIENDS OF QLEEN MARY'S SIDLUV LINIITF.D CONIPANY LIMITF.D BY C.LT.4RAhTETr: TRLI%"I'EES' AYNLAI. REPORT IIN(."()RPORATIYG THE DIRECTORS. REPORTI YTr;.AR F'.NI)tr.D 31 DF.LLMIIF.R 20?3 Thr tn14t¢¢s. whi) dre alfa Ihc diretiors for the PUTPJS¢S ol con'.pan) laiy. preseni I￿1r TeEK)rt and the unaudited fin4n￿la] SlllEEmeiii.4 ()( the chanty foi Iht ytdJ ¢ndLd 31 Dec¢rtLbcr 2023. R¢ftrence and *dtAini%lrullVE delai]s R¢Ei&*ered charitv name ijendb (Ifouceo Mary's Sidcup Limited Cb#rily rtKL&tration numbtr 112%77 Comp4)n> reRislralltsn numh¢r (kn828950 VrinLipal office reglsttred ¢ItTi¢t 98 Sr21ion Road Sidiup Keni DAI57BY United Kingdom I'he Iruyle S CDroonibnd81 (" D fknnis E RushJen IAppoini¢d ? March 20231 Complnv M'rrelmry S Grthmbftdgc Indtpendent ¥JKaminer Opd4¥ 14illin84 Wilson & Ho￿> LLP 98 Siaiion Road Sidiup Kent DAIS7BY FRIENDS OF QUEEN MARY'S 51DCUP J.IMifED COl¥IPA￿y I.JMII'V_D IIY GI'.ARANTF:F. TRU%.1.￿..Es, ANYLAI. REPORT IINCORPOR..¥TlhG TIIE DIRECTORS, Rb.P()RT} YTr'AK V'NJ)ED 31 DF.CEIqBER 2023 Struclure. %o%ernance and ma￿¥￿￿1¢nI CurLslitutiun rieThd.% nl Queen .M?L ry'.A Sidcup Limired is a non-go¥trnmenial, n(w-pJlitical. Th)n-rtligi(iu% organishtion. The Chariiy iThCUtporattd on 24 Fchn￿r). ?IK)Y under a MctnorAndun] of ￿SOcIatIon ￿'hiLlI ¢.4iablished Ihe objtci.% and PDWCT% l)r the chantabl¢ companv and is ¥oi'¢rned under Ils Anicles uf A%.sLYiatinn. Trn4tets and P*laDlikPClnLnt The'LIu)IttN Ill" the ChiifiTy arc sci out on pAEe I nf the bina￿la1 Sta*[￿1$. Trusrces of ihe (-hariiy afe inwiled to Join bi8td OD their PTuI-L55Jor)al and Jepdrai¢ spe¢Jfic dcdiiaied %kill%. The apwinitr.cni Is m&de b> cxisiing Chariiy Trubtet). New are invi￿d a iraining ￿l¢b mverx the obliga¢ion% ol. Iht MemtrkrN Ibl" Ihc Ik8ani￿I￿ the opernil0Th￿ frw)x4wJik fuT th¢ ()rganisHliort and pre5M¢ 8nd futurc plans aiid nbjeciives. Th¢ TrubieeN aPPDiIII iwii ¢O-ordinaiors dre TL￿%￿￿%:b1c for the smuvTh rnnnin8 of The hii¥i)Ir#l shvp8. Thc Lo-Drdin4tnTS are Tequircd to b¢ farMliaT with all aspecis (If Hi'alih &. %a(Lly ai Work Jrtd F(M)d and Hy&ii¢n¥ Ltgisldtion. np¢ryliiknxl Struclur Tho ¥htirit>' Ik b2¥Ld Ai Qiiy*n ￿￿1>. 4 Hts%pii*l. Sidrup. KcThi. and ihroii8h il% Irading 4ub$idiary. Friendh Sliiip. .IiiiiieJ. nidndge.% two r¢iail iiiiileis.. a dnd a Tcfr¢%hment kJ05k. A irollty seTV'.L* illl Wdrd% ¥vaA alw mA1nidincd. l)uring IhL pandLinJe. in linc wilh hospiidl ri'Nifii:Ioii.%. IIILK. *ri'ic¢% wtre cloKd. The Lafé rc. tsPLned 17 Auspu.41 2021. iilheil lit) a TL￿U￿CJ %cry-Icc basil. ￿h11¢ the kiosk remdined iliised. A iiew kiib%k i pIAllTieil 111 iTrpi'n 111 21124 In a mnT¢ cDnYenJcni artu of Ihe hc)%piul fur pditeTrl& and r¢l411)vcs aiicnding iiull?diicnis. afiir bcing delthv¢d frurtl 2023. The idfé (rom 7 am Ii) 4 prn nrt *t¢kdAyS* providing a conwrehernive *r¥ice w pati¢rtts. relaiiv¢g. 2nd stall A red￿ed *rvici Is thfteitd ai w¢ekeTr15 for lh¢ Minor lrtjurie5 Ilii.,: Approximat¢ly 34 volunt¢¢rs provid¢ (he 5ervi¥¢. ￿lI[￿LA￿l on a managL'd ri}1 %yllilil and %upcri i*(J b!. Iwo empli'.i'ed iilÉ)rdindliTrr.4. Pri('iiiN? Pi?liiy %uh-conimitiee i< resp(In$ible f()r ensuring f4ir bui Tcali511i pricing f(Trr over th(X) %iock Il¢llL%. Th¢ Charity ha% impl¢rnen¢tsd o frAn￿WO￿ (Trf aLlounu￿ records and illtp.rnal ¥1)n¢rnls fvj. mmagin2 I￿ome. eX￿ni1]i11[t, a%%Lts. and li&biliti¢s. A report l5 prov..ded rTh)]llhly al d Tr￿, meciin& and fu￿￿la1 infOrn￿l0ll is pJ%scJ iu IhL TreasJrer. wlii) iifeparis Findniial .%iai¢mint% 47nd 41n o%'CTI'lCW lor Ihe Tru%iee5. FRIF,ND.S OF QUEEN MARY'S SIDLUP LIMI ITTr:D .OP*lPA%'Y I.VMITF.D B Y (:L'ARANTEE TRliSTF.E%' kl.NNi il..IL REPORT IINCORPORATD4G THE DVRTr.CTI)XS' REPOR'fiC¢•Arih￿ldj YF..thR F.NDTr:D 31 Db-C.F.MBER 2023 ObJecilvts and aelivities The chanty's objective L5 10 relieve paiients and foTrrti patiens of Qucen Matv's Hospital. SidLUP. ￿'h￿ %ILk. ConV￿e5Lent. disabled. infirni. or olhetw￿e Jn neeil. 11 5upp)fl* the chaniable ￿Ork of the h05Pltal acrs 35 a SUCCCS50r Iii IhL Lra8UC Ot rriends of Quccn Mary's H05PII.I1.-%idcup Additionally. the charily assists In providing amcniiie$ fot paucnts aDd staff ai the ￿5>Pl¢al, ilJiludin¥ runnjng .4hops within the hu5pirdl. Tlii Lhariiy. thii)uKh ils trading subsjdiary. I'nends Shop% Liniiith. nperaIes Iwo ljuilct. on rh¢ hn.sp'.ial site". a café and a L.osk. These outlcis wtrc clo.%td dunng il* Pdtmleiiiiu 'l'he cdfé r¢-111)¢ncd In August 2021. th¢ Kii)sk is expvikd 10 r¢-oi*ii in 2074 following bL:hJing works. ThLSe vuilets provi¢Je a purw)sefiJl activil). fnr Incal i'olunleers, enablJn8 iheni to ￿ke part Jn a cottununily PTiijeLi Ihdl 8eiiuratcg rangiblc finanrial btnefirb. Trading surpluses arc paq*d io th¢ ¢hdiildble p&r¢nt, whiLII uppliis Ih¥ funds for Lhdriiahle purw)5¢5. incliidiii¥ grani4 requesied by rht knspiial. Th¢ h05PITal 1% nu￿ part of ihc (Ixlcs% NHS F(Mindaiion TTUSt, which ha6 undertthen a signific￿1 LdPiTdl T￿l veli)pmLnl projeci Ihai ig siill onguing. Tn >eriing objec11￿5 and planninx activitie%. IliL Tn).s1tt.% hh%'e euniplied ￿lih ihLir duty uNtLr sec11(￿ 4 1)1 ib¥ C'hdrilies Act 2(Kkn io have duc rcgard 10 Ihc C.huniy C'iimnii4410TI'.¥ guiiJan¢¢ on public benefii. Ac￿eveMents SLnd ptrfurmonce Dunng rhe ye￿. the ¢harit> recei%'cJ £61S in di>rliiiii)rL%. l)ue iij I1￿ iin8Qlrtg redevclnpment w(Irks. only a fcw ¥rarii api?liiiltii)n% w¢rc rLieiied from Ihe hospltal In 2023. Ihc chariiy don41ied £1 38n 10 IliL Relidbilila'.ioii Uriil ff>r the pro%'i.4ion of muNical ihL'rapy JI QuLYii Mjr) N Hi)spir41. In addiljOD. the Lh8rily al%0 dnnaiLd 18.454 ILI the IViiodlai)d5 Unli ai Quecrs Mary's Hospi￿) for Ihc purp)￿ of purch&4ing 2 I 6.5 InicrJLLILve s¥reen5. 'inoncio1 r￿￿eW Th¢ charitv mainEain$ #ufticieni unresiricrLd re￿[￿¢￿ ti> Lover 115 liahili:ie* aTrJ 8rant L(Immilinent8. A$ nf B I DL'LLiiib¢r 2021 unicslriiled reserves arThiJntrd 10 £482.(k￿. I>IRns r(pr IDtILV¢ Ptri1￿ 'rhe chaniy will coniinuc 10 5UPPQrt Qucen Mdry % Hospiial iii Lhe (uiure. particularly regarding Ihc piirchasc ()I' new e4uipiiieni and services required b). IhE ho%piial InYe%tmi'iil pTrlley All fiiDd5 arc held in ¢￿sh depo%ii$ or iniere51-earning accounts. A reliew of thc ¢hiLrJly'S accounts is ciirrenily being undendken 10 maximi%e irtiercst rec¢ive4J savings. FRIFNDS OF QUFEN MARY'S SIDCUP I.IMITF.D CONfPANY LIMITF.D BY C:I.'ARAi**TEE TRUS'fEES' .INI%UAI. REPORT 1￿CORPo114T1NG THE DIREcfoRS' REPORTI (cnfttt4tuedl YFAR ENDED 31 DF.CF.IMBER 2023 Plans for fuluri. pcriuth" RLs'k mAnagem¢nt The Ttu%tees rcgularly review Ihe majoT risk5 fatittg the chaTiLy. He4llh & Safety at ll'ibrk.4cl.. Ail ijew ￿1)lUnIte[S Teceive a voluntccr InftYma'.Inn pktk and underEv Iraining. Einiphasi& is placcd t)ll Ilealth & Sife.i)' procedLres. risk In thc workplaiL ri%ks. dnd lifting and handliTl¥ r.veiy 'i?lunLL'LT i% in w%scssioTh uf a iomprehensii'e HLalih & Sxfei) hdiiilliiM)kand i'(Ilunieer% sign und return yn acknowl¢dgietJieni after ¢￿[npl￿1￿E rT411nlllg. Food Safet) Re%ulation Act IY9S: bo(Ml h}gienc and tThvironm¢Dlal healih are tliiy.ly moniiillLII. HoL%ekuiping in Ldili uuilti IN 11wnt￿D¢d lil a high 51fiDdard and regularl) I￿%￿cl¢d..1 hc IcThperatUTe ui chilled fliod delivered daily 1% ¢h¢cked fnr L¢ltp.pliaftke. and the data IS Te¢uT&.d. Cool cabine1& #nd retfi8eTdlvr% are moiniaincd a.. l¢mP¢Tatures sei by th¢ Fwd Safely WMI HJ%ieiK' R¢gulatiuii%. The ¢h)riiV mainiain% d roiniTrreher)wve sysictn of accouniiThg and .,nremlll ciinirolq Il'hilc r¢¢ogni.4.'ng chall¢n¥e% ￿lith op¢raiin8 iill.* dijc rn ik ug¢ of si)me wI￿n￿¢r$. the overall SirnLIUTe is k.liei'tril in lie È4 Luhesii'e dnd Tobubi as pvsèible to Nnimis¢ finanLial risk.q. Card reodcr£ w¢rt iniroduced in 2021. whiLh has r¢duLed ca8h hnr)dliD£- rifAnl.4 piilicy Tepre%eniJiiwi o( Qu¢en Mary's 14ospiial pre*nts applicHiion% for granli ai monihly Irusree meciin85. The Tru&lees then VOIL lin whtrher IL) 11 pprnve ihe 8rani award. Mgetlnx Tni%ie¢ m¢¢iings art held rnnihly. The hospiial rtpreseniJiivc PTe*ni% m()IKtsty requc%L% for both mcdirttl f¥Liliiic$ 4rKI e4UlPIlltni li)r pd'.lini% ¥iaff. panicularli. for irems Th)1 av41.'lablc IhrvJ¥li l.'x¢he4uer fund. Urgeni I..f¢-￿vIng equipmtni is prioriti%¥d The HillM)iar> S¢Lriiarv rep(JnS i)n donaiions anJ heque%T<. mJmJbTL cvrr¢ipo>ndcnif. ￿1nd rrii)rLl% rcques15 in Ihe Lojnmitree Nq¢¢i)ng minuie%. ThL Honurdr). Treasurer providc4 a rinanc'.al %tat¢mcni and indiikT¢S availdhlr lun¢l4 for di%'.ribuiion. Small ctympRn)' provlslvTUq Thi$ report hd% bccTr preparcd in accordante wih Ihc PlQVL5ions applirable io companics eniitlcd 10 the .$mall ompdniei exeinptiuii. FRIENDS OF QLEEN MARY'S SIDCUP LIMITED coi¥tPANY I.IMITED IIY GuAlL*￿'7'￿'￿ TRI'.,STF.Tr:8' ANYLAL R Tr.P()R'I' IINCOKPORATif*G TEtE DIRECTOILS, REPORTI YEAR ENDED 31 DECEMBER 2023 -04- 2 The irJsitts' anTrual reTM)rt lincowr8iJTrg the dite¢iors' reponl was appioveAI on .... .. OD ￿hdIff uf iht hoard of rrusiecs by.. . signed I'ru%lLe FRIENDS OTr" QUEEN IIqARY'S SIDCUP LIMITED COIIPANY LlfviI'fTr-D JIY C.IARANTF.E INDF.PEYDTr.NT F.XAMINER'S REPORT TO THE TRLTSTEES OF FRlb.NDS OF QIITr.F.N NIARY,. SIDCUP LIMITbD b.NDED31 DF.(:￿.,MBF.R 2023 I report til the Irusicc% niv examinaliiin ot the lin3D¢iai 51aremenLS of Friends C)f Queen Nfary %.Si(Icup Liffliled I'ihe Charit￿.) for the vear ended 31 DeCe￿.ber 2023. Responsibiliti￿ busis vf report A5 Ihe chutily truste¢% of the Tnisc you ar¢ K4w>rLsible (or the prcparaiion olthe accouThTS accordanLe willi Ilit requircnKnts of ihc Chariiies Ait 201 I l)h¢ Act'l li is our Tespun¥ibilily ts).. exanNrrf Thc accoun14 under secuon 14$ lif the J>1 l Art", 10 tollow the prttedurt% la.'d in the generaj DiteLlJon& given by the Charii). Commis$ir)n un(Icr io slaLe wheiher partiiiilai rI￿lI￿r.¥ liave t(1 my anenrion. Wr repon in T¢%peti of i)ur ex4minaiitsn of ihc Trust's a¥eOIIIIL% carried oui under.seition 145 of Ihc 2ts11 ALT and In cwing oui Iiiv exdijijnaiion w¢ have lull0￿rd all ihL' applicablc dircciiiin% given b%. IhL' Cliuiiy Curllmisiion under Kctiun 14515Mb) of1￿ Aci. lThdewndL'Trt examiner'x gt&itmtnt I htlV¥ cntnplel¥d my Lxan)iJialion. T confJTm thal no mailers havc ¢ome 10 my JiiefiiiiiTh in conncciitsn with the exynuDa:iun ¥iviftg me Lausc io bel':LbVe'. ii¢ourLlltbb ieLOTds W¢Te kept irb rcspe¢i tsf ch¥riiy as r¢quired by x¢iion 386 of Iht 20rkn Aci., ot fjnnncial staiemenis dv not *L4>rJ with thi)%e records: or the fin#n¢ial siaiements do n()1 comply wilh lh2 ac￿Ul111ng r￿uitemenL% of ￿¢lon 196 of The 21X)6 Ail i>ilier than Jny requiTtment ihai Ihc o¢¢ounLS glve A 'true and fair, vi¢w which 18 not a Thaiier con5Jd¢r¢d as Pdfb of an independetLi cx*iiiiiialioii, or LL fiiian¢ial 51aiemenis have not ik*n Pi¢PArcd its ae¢ordarK¢ with ihe mcihods llnd princip1¥5 of Ihv SiaTenienl Trl Rcion?TIKnded Praciice for ￿oUn[Ln￿ and i¢tMinin% bs il14iiiie% appliiAbl¢ 10 tharitit prcpuins (heir aclounis Ill 4LLiirdilth¥V with ihc I'llwKi￿ Repor.in8 Si￿d￿rd ￿p17t￿bI¢ in the UK a[￿ Republii nf Irelttnd IFR.S 1021 FRIENDS OF QUEEN MARY'S 51DCLIP LIMITED co￿lp.￿Ny LINIITF.D B Y GIARANI'EE l￿DEP￿N￿F.NT F.X.4MINER'S REPORT TO 77tE"fRUSTEES OF FRIENT)S OF QIIEF.f4 MIKRY'S 811)(.'IIP LtMITb.D {cnRtinurdJ YEAR ENDED 31 DECEfvIBF.R 21123 L have nu iotiittins ￿la have acri)ss no uihL'r iiwtter.s In ¥onne -t?on Miih lh¢ ¢xatniThatii)n tu whilh dtientio huuld be drawn Ihi% r¢pnn in ITrTder tn ¢Dable a propeT UDdetsthnding uf acc()unis lil be reached. Op&s.% Billings Wilson & HOTILY >i -0 4 - £ Niirt*ri¢ Hou¥e 98 Statinn Rodd SidLup DA157BY FRIENDS OF QUEF.N MARY'.S SIDCLP LIL¥qII"Tr:I) CONIPANY T.JMI-I'F.D BI, GITARANTF.E 81'A TF.Ml':I-T FINANCI..11. pl('."I'll'I'TlE5 IlNCLIT)I￿G 1￿co￿lE,￿ND LXPENDITIj￿. AC'COI-.N'TI YEAR ENDF.D 31 DECF.MJITr.R 2112.1 I".tLre5uicied funds Tutsl funds Tntal funds IDrume and end(>WmL'tIts 47.141 47.141 3J29 29,704 517 Oihcr Lnvcstrncni incU￿le 'rotal InLume 50.370 -$11.171) 30.021 XPL'nilitur Expendilurt ¢)n chaTiV4blL' aCllVltie5 'rtblg1 ¢xpendiiure 18,JlO 7.293 7,293 L't incnrnv i*t ￿￿￿¢Me￿I In funds .12,2frf) 32,2011 22.72 R¢¢o>n¢iliatl(bn of funds Toial f'jnd) brtsLililIl l¢brwar 449.giM) 449.8011 427,rf)7Y 'Jol¥l fLhnd4 carried ftsrward 482.U60 449,800 'lTh¢ %iaicmcnt i)f finan¢ial dciiviiies inLliid¢.¥ #ll gdjlls and los￿* reco8ni%c41 in the ￿e¥r. All inLi>me 4iid ¢xtklMlJiure dLnY¢ frnm conijnuing aeiiviue5. ThL' nvte5 on paEts 11 to 18 forni part OT ihY_￿ financial 5tatctrtlli FRIENDS OF QUEEN TrI.4RY'S SIDCUP I.IMITED COLMP,INY LrnTITF.D HY C.(JAR..INT*.E STATh:NlE￿1 ()F FJNIANCIAIL POSITIOPI 31 DELE￿IBF.R 2023 2023 20?2 Nott 'IXbl) AS.SF.TS Tangible fixed asseis Invt.gimentS 14 15 1.1,-163 1,000 11,023 14.363 CURRF.NT A%%L'I' l)chior. Cash di bank and in hand 17 91,380 -14i.2.77 481.091 436.637 CRTr.IIITnRS.. falliii&b du¢ wiihln one )'t*r YEI. C.'[IKRF.N'I' A%%F.T 10.054 1.2 471,037 4.15,437 TUTAI.,I,SSF.TS I.LSS CIIRR Tr-N'T I.IAIIII.I'I'lb' 4X•.I)60 449.8cX) 487.1100 449.ROO Tr'IINDS Ob TllTr. CHARI'I'Y 411*.Dhll 449.800 'I'otal charlty i¥ 449.lUO ri)r Ihc year Lncling 3 l ikcembcr 21123 thc th￿tY was eniirled 10 ex¢rrLPtivn fTom al￿11 under %cclion 477 01 IhL' ('.•mpanics A¢t 21M)6 reltsiinK 10 )Dldll iuiiipani¢$. The m¢mbers havl n()i rciiuirLd Ihe comp8rty io obuin nn audit nf il& fiiia¢kial Stsl¥rrtnis for the Ye￿ In ¢IIIL*Linn In acii)rd4n¢e S¢¢Titsn 470.. Tlie dire¢i()r4 acknowledge iheir ￿%[*1￿$)bL1II1es for ¢onJplving wiih iht requJr¢meni% of ihc Ac'l wilh rc4pect li) diiountiii¥ reitsrd% and th¢ prepAraiii)Tr of financlal statements. These findncial sldienK'ntF havc he£n prcpar¢d In aceordante with lh¢ provisions appli¢4ble companie% 5ubi¢ci tD the small comparn¢$ reg]me. I"hc %l&t¢meni uf [Lnar￿)￿l position conlinues on ihe lollowin￿ rd¥e. I'he note5 pages I I to 18 forrn pari of thtse fiDancldl 5t91tt￿.EI1S. FlUEh￿s OF QUEE1% MARY'S SIDCLTP LIMITED COMPANY LTMITED IIY GUARA.NIEE STA TEmE￿r UF FINAl4CIAL POSITIO￿ 31 DECEMBER 2023 The.%¢ lindnLial staietnenis wert approved by board of tsu$1tt5 and autlK)rrsed for issue on 11 -09-t tnd art signed on ￿haIr vf the bodrd by." E Ru.%hden Compatty Rew"%trati(In Nbmber.. ¢h828950 Tht nntes page$ 11 tv 18 form parl of fiD*nLlal 5tsttrDenL FRIENt)S OF QUEF,N MARY'S SIDCUP I.IMITED CONIPA.YY LIMITED BY C.I'.4RANTb'E N()Tb.'.S T() TFif. Tr'INAYCLII. STATENIF.N'rs YF.AR F.NDED 31 DF.CEMBER 2023 Gener#1 IntorrtiAtlon The ihdrity 15 a publii Trxrtefit eniiiy a¥Jd a privatr company Iimitrd bj guarwnL¢e. regimercd In Eng￿d and IVAle% re8i5wed ¢hariLy In Englatld and Waju. Th¢ athess vl the ￿gISte¥e￿ office is 98 Ststson Road. Sidcup. Kent. DAI_) 7FIY. [Initid Kingdoni. Thue financial stJLL'menis hai'e been pteplred in iompliawe with 102. The Flnanciaj Reporting SwKlaTd 4)pli¢ablc in iht IIK and Ilic Republic of Ireland.. Ihc (Il" Rt%ommenddl Practice ppIILiilTrlc -.o chariiics preparing iheir aciounrs irt JLCiTriJ41nie ￿.11￿ ihe l inan¥ial RL'pnning .%iandard applicable in Iht LIK drHJ Republic uf IielaThl IFRS l(rL) ICharilic4 SC)RI? IFRS 102114nd Ihe Compunie4 ACL ?CK)6. Arcountinx pthliths Ha8Ls of preparatlvR The find¢Ki&I 4TdiemeDt$ have ￿eTh prepared nn ihc hi%iorical cusi basi5. &S ttMxlifi¢J hy Ihe rcvaluali()n nf cenain linLnLiJl Lind Iiabiliiies inves1n￿nI PTI)perties Inv*%ured al fair value through .'DLoiiie or expcrKii¢uTL. The IinanLial sial¢nicni.% are prcpvcd in stcrling. which is the funciional Lurrenc). uf ihe. eniily. (xuillB ¢oncern There arc no maicrial Ur￿erta..￿ue5 aLY>Ut ihe chaTify'5 abiliiy io conTlnlJt. lJls¢Io%uTe ¢Ncmptlts The enti¢y satisfies tl* ¢riieriA of kin8 1 qualifyift8 as Lkfittd FRS 102. Its findr￿18] $¢#tements are ConsolidaL￿ inio th¢ finwKial 5thktwits of name of 8roup flnancial 5th1emetttsl which can be obtained from len*r de¢aill. As such, *Jvonta8e h&¥ been th of thc following diKlosure excmptions ov,'iil..iTrlc iindcr parngraph 1.12 of FItS 102.. lal Ni> Lash flow stdiemeni hd% been prL%¢nEed for Ik compJny. Ihl l}14LlI?sJr¢s In tespcii of finan¢ial..nsirutnents hdyc noT becn presented. The chariiy is noi icquired Iv prip#(e Lonsnlidated accnunis in accord4ncc with thc ChOri1ie% Aci 2Ql l. anil liab IdKen adv￿1#8¢ Trf ..ht opiion noi in prcparc can501idai¢d financi. of lh¢ Companic.% Aci 20[￿1 the basi% thai Charity and it% .%ub.&idiary undertakings compnse 4 %tndll group. JudgEmEnt% and ke) sour' ihL amoiinl Idn br rc114ihly rncasiircd. 'fh¢ follou'ing yp¢¢ific policies ate applied Iu Pdtijcular categoncs of Income,. Inil)n'.e frorii (li>iidijL)ti4 tsr gralli% 1.% iec(Jgn)sed when Ihcr¢ 1% evideTKe of ¢niitlemeni 10 the gifi. reLeipi I probahl< and 11% amn41ni he li￿a*ured r¢liablv. Ini'estmeni )n¢omc fundy. h¢ld on dep)¥ii 1% te¢ogrLised when nfflifi¢aiion re¢¢ive(I froiii Ihe I?￿7k confirrninx the iniLTL%I beLn8 pa'.d <>T becoming pavable Re%ourcts ixpendtd Exptiiditurc 1% TCCO8ni%cd un ar5 ¥crnals ba%lS a% a liabiljiy is incurrcd. Exp¢Ddiiiir¢ inclu¥Je% ilI)y V AT whLLh ianTroi bi fully ¥eLl)w¢r￿, and is ¢las$ified undcr headings 1>1 ItK' $14iiemcni of financial ¥ciivilie% iii which it r¢lat¢s'. Expcndiiure on T4i5in8 funds inilude% the ciysi% (11. all funJrdi&in8 Kiiviues. e%cnis nuri-Lli4rilabl¢ GrAlIT& payable arc pay￿￿n[S Tr.ad¢ fi)i Qu¢¢n IIary's Hospit¥l Smjcup in thL furthera￿t of the obJett* of rhL Lharitv. An dppliLdlivn r¢quL'% tnr a 8T."yii will k ii'.Jdc which ￿.111 ihen be ¢onsiderLJ lil. the i)niniiiiee anil, ..1 '.LPPTnved.-.hL aiiplicani will It￿￿ be nvlifi¢¢l..lui ilic Ii.'nil% arc aiail4hlc 1'hcsL gT&D15 dre noi alwayb cdken Jp ?y The *ppliidDt I)￿T￿lI)re provisioTh 1$ only madc In the QCCOUal% wheii IIIL &iranl i acTlliill)' Piiiil. A %iJiiiniary of Ihc OULStanding 8rani comrniTh%rtts which hAV¢ noi b¢¢n aCCTucd tnr 1.% pro%idtd in noic 10 10 Ehe ￿lU￿111%. Tungibl¥ absets T4ngibie assets tsi¢ iniually rccordcd ai cosL and wb5cqueiiily *lated ai cost Itss Any 4rcomulated deprrriaiion 2nd ImDir￿n1 losses. .4nv tsTh8ibl¢ a.4scts carried ai T¢i' liied dmunts ￿ ftrotded ai th¢ fair Ndliie dl Ilie Jate i)f rcvaluaiion less an) %ubse4ueni accumLLlated depreciation dnd subsequcni ¥ccumulaicd impairmcni Ios5e5. 12. FRITr:ND.S OF QLEEIN .NIARY'S SIDCUP LI_MITED Co￿1pAN,¥ LII¥IITF,D B Y GlP.4RA￿,7.EV. NOTE.8 TO I'HP. Tr'JNANClplL ST.ITEMF.N'fs YEAR F.NDF.D JI DECEIIHF.K 2023 Actountin% ptbliLles An incyrase the ca￿1n8 alTM)Ut)t of an assei a8 4 resuli of a revalu￿10￿ i5 wise4 in othtr ￿C0Sni￿J wns losse& I￿le&s tt rever5C5 a ¢h￿ for tnwarrn￿t thai hos pre¥'i0￿%]Y hpfftn reco8nised as ¢I￿r￿[l¢ure wlthin the statenxni of finaotiaj xtivities. A de¢re#sc in the raErying amtswii of an a5sei as a rtsult oi. revtsiuation. is r¢￿En1.5¢￿ Itb oil)u recognised gains arwj low. exc¢pi 10 which il offsets any PTeYjOU) rev4luaiioD in ￿.￿lIlli i35e losi 15 shown within othts ￿¢08th15td 8ains and losse% on t Dtpretialithii DeprLLI.'Itinn 1% caltulaied SL) ds l(1 off Ihe c(kq l)1 Vdluaiion uf ￿ asset. Ic$% ils Tel- Ihal as follo￿-. Fixiures & fJiting$ 25% [¢d￿l￿g b￿at Fixed ouct ,. nve4lrii¢ni% are iTritiall>' recor(kd ai COSI. and subs¢quendy lioi&l co%1 1¢%5 ai)y 4¥Luniulai impairnieiii IL)N%e<. iy¥lrmi'nl of flxed 9*sets A rc￿eW t'or i¢)dicatfm oft. impainneni is carried out * exh fEWling dat¢. with the recoverable tsmTruni b¢inbi ￿￿mIl¢ll WI￿ %uch indicaluih exisi. Il'here the ewing valuc exce￿9 the recoverable amouni. Ihe a.4.%¢t l¥ InlllFiirvd &¢LI)rJingl> lknor ..R￿air￿enis are also rtviewed for p055ible rtver¥at ￿ each r¢portin8 d41¢ For Ihe PUTrLTrS¢5 of imy1￿c￿ t￿in6. when IT IS IMX pxsibk to estimate recoverable amount of Eil a$.%ci. dn Lstimate 1.4 mDde of ¢he tt¢(Trierabk ank)uni of th¢ cosh-s¢ner&ing unit io which thr ssei beloT¢85. Thl, cosh-&PcT*rntin8 unit rhL $malltst identifiable 8ft)up of issets thai includes Iht 45$ and 8eiietti¢e5 ¢dsh inflow.s thii lar8¢ly ind¢￿thI of ciNh irtrtow% froin <>llie.r a.Iseis or 8roupk uf *sets. For impairnxni testin8 of 8oolwlll. the gmlwill acquired In a business combinjtion is. from the acquisiison dale. ￿located ￿ e¥h of the C4Lsh-8enerniin8 uniis thai are expecied io bettfit from the 5yner8L¢S of combinatithL 1rrtsp￿L1V¢ ofwh¢ther otl*r amets iir li#biliiies of ￿ ch4rity are *%siBned to those units. 13 FRIENDS OF QLEEN MARY'4) SIDCUP LIMITED Co￿1PANy I.LIqITF.tI Bl. f.IIAiL4NTETr. I OTTr.S TO"I'Hk F'INAN('.IAI. %"I'.ITF.P41EP4TS YE.4K FNDED 31 DECEMBF.R 202.1 Acc(butsllng policies Financial Instrnmenls A fitvdniial as&ei or a fir￿￿tI&l liahiliiy is recognised onls when the enrilj brc(bmc% a p￿Y 10 the contractual pro¥is)nns uf the inswnKnr. BasiL finaDciaJ in.i'.riJnieni.s are Iniiiall) recogniscd Thc amDuni r¢LYivdbSe nr payabl¢ iiicludTnE an> ieldied Iran%acliDn cnsL4. unless the atrangeineDI LOns1iiuies a fina￿1￿8 tran%￿linn. whLre il is reLogDi¥ed i ihc pre.4enl value L)( the future pa)u￿￿¢s di%counied at 3 tnarket raL¢ of interest for a %1rllil￿ debt Ciirreni and curytnT liabiliii¢s ote subs¢qllenil)' ii%asuT¢d ai the ¢ash or consideTiition expe¢l¢d to be paiJ vi rL'ieiNeiJ anil 114)i Lli4iounied. FinanLial Ihai are mea8iired ai ¢1>%r or ajTWT1￿ iosI are reviewcd IL)r objcciiNc cvidcncc of impilirm¢ni ai Ihe end of ea¢h rep)ning ddie. 11 Ihere is 1)hJeciii'c evid¢n¢e of irnpairmeni. Illlpdli'iiienl lobb reiognl￿d linder IhL appriipiiai¢ heiding In the $&8tcrncni i)1 fiJi4tliidl aLlivities iii which The iniiitil ¥din wa% rccognised. .irnlted h). gU￿rUntL,¢ Th¢ Cijmpany i$ limited by CJuar4ni¢L arml dcts noi have any Share r.apiwl. Unre%incied I'olal fr'tsnd Funds 21123 UnTesiri¢ted Tuul Funds 615 43.1 29.271 433 29.271 Cjifi frnm iub.gidiury 4&.526 47,141 47,141 29, 7114 Olher Ini'¢stft￿nt inrom Lrtrc%tncicd Tothl Funds UniestriLi¢d Fun(L% Toial Fund4 20?2 21123 Sldnk iiilerest r¢ceivable 3.229 3329 317 3J7 14- FRIENDS OF QUEEN MARY'41 SIDCUP LINIITED CO%qPANY LDIITLD B Y GITAR.&N'I'F.E OTE% I'O TIIE Tr-IN.4NC.IAI. %T.4TENIENiT.4 YTr'.,IR b:Nl)b.'D.11 I)EL Tr"..IIBER 2023 xpenditurt on charltabie aetii.iti￿ bi. fund lype IlntesTrici¢d Total Funds Funds 2ULI UnrestnLied Total funds Funds Granti to hospitdl Suppi)r. c051S I 1.834 6,276 7.293 7.293 Ejpendituro on chdritahl¢ #cilviiits hy #Cli￿1V l)pc Grani funding of aCtI￿li:eS SuprA)n cost Totsl fun(Ls Tuial rund 2f)22 Ctranl4 ID ho%pithJ CJQl'erDdnce kOSIS 11.8.14 6.21a 06 18.1144 7.22.f 68 11.834 6.276 ii.J Jo 7. 793 Ana114is of 8Upr￿rt LYK¥lb Bank eharyes 'I'ol*l 202J Total 21122 C)ov¢fDance cosis Ixgiil diid prvf¢¥4ional fee% Ikprcciation fy6 1.968 66 1.9(yll 3.3411 11112 I,t$71 4.4.54 40 W2 .%uppi)rt IO%LS . Other co9￿ ¢ype 4 2LSIJ 6.976 6.270 7,29J *ttlRlysis of gron¢8 2023 21)22 (:RANT.S TO INSTITII'I'IONI 5 Pdid duiiii¥ ycdr 'ruidl gT&ni% IJ,¥J4 11.8.M 11. Nvt inLiime Yct income is 4taicd dfter charginBllc￿￿I1i￿S1. 21123 2022 Dcpr¢ciatiott uftsngibl¢ fixed assei 3..140 4.4f4 FRIENDS OF QLIEEN MARY'S 51DCUP LIWTF.D cO￿1PANy LIMITED HI. e.LARANThF. Nl)Tbb TO I'HE Tr IN.AN(:IAI. ST..ITETrIEhTS YE.4R ENI)F.D 31 DECF.MBER 2023 J2. Independent txaminatioD ftts 202J 2022 Fees payable ti) Ihe JndepriKl¢nt exam:nEr for.. ladep¢ndeni examination of rhc f..Tw￿l&l sthtetn¢t 1,968 J,071 13. TTus¢¢L' rtmuneratiuD and exper￿ Ni) r¢tiiunerdLiun or aiher benefi1% from empln>Treni with th¢ (l￿1¢Y or d r¢lalC(J eniitv %4¢re rec¢ived by Ihc Irusicc.£. 14. 1'aJ]giblt fixed a55t¢S FixiuT¢S AIMI Tot￿1 Ai l Januarv 2O2J #nd 31 ￿'￿ember 2017 69.964 6¥.1)64 Ai l Janiiary 2023 ChurKL liir Ihe y¥ar At.11 Dtctmbcr 2n2.1 S6.￿>1 J,-14 59.941 59.941 (.')rriinR amounl ,It.111)I'i'iimhvr I￿23 10,1123 i .1 l Dcc¢mbcr 20?2 J.I,Jo.I 15. Inveslrntnl¥ Sharcs In xriJUP undertakln*s Al l .l¥nuarJ 211?3 *Dd JI De¢embcr *023 Impdirnjent .41 l Ji?Dllar). 21121 Dd.11 J)ttemb¢r 2023 C-Hrrving amount At.11 Dvieiiiher 21123 i.ofjo Al 31 Dcc¢mbtr 2022 1,000 AJI invesimcnis 5IK>Wn #boie ale held ai valu•inJJ. 16- FRIENDS OF QLfEEJ MARY'S SIDCLP LJMITED CO111PA.YY I.tMITb:D BY C.UALI.YTETr: NOTkS TO THF: FINAYCL41. STATE%IENI'Scrofjrih&r4J YEAR ENDF.D31 DF.CE.MBb:R 21111 16. Vnvi'$iment entities hsidiaries and other Tlll'Q$t￿￿l4 Peicentagc of shares held Su￿1￿l￿ry und¢rt8kinp" Friends Shops Limitr Class Df %hare Ordindry The re.EuliÈ Inr wb.sidiaries and ol￿r undertthngl are f¢illows". Cdpital re.seTves 2023 Prufitlllos%l for IhL y￿r 211LA 2022 20?2 .Subskilar) undert*klnxs rriend¥.Shi)P5 Limir¢d 1.8(FJ 50,7.5 The 5nvesimeni in subsidiary uThler¢akin8 ts a IIM)¢% shar¢holdin¥ in FrieThls Shops Limited. A fradin subsidiory which operni¢$ the r¢￿] sile5 ￿ Queen Mury's H05piial. All pmfits eorned by the Subsidiary a 8ift¢d by decd of cove￿￿[ 10 Friends of Q￿en Mtsry'5 Sid¢up Limiled. Thc subsidiary ha5 been valued in the fJnanci#J 51atell%Trts ai Ihe oriBiTrl llominllt val*, whh¢h 15 CqU41 wal￿ of re4¢rves in th¢ accounts of IhB subsidiary. 17. 1)vbtv 202.1 2022 ArnouiiL% uwed by group undLfidkinRS 75.797 18. credito￿.. umiiunL$ falling due wlihin on¢ )'ear 2112.1 Ac¢n2al.s and (kferred incottx 1.200 19. Anulysls of charitahlt fund Ilnr¢sirlcitd fundy Ai l Januarv 2023 -11 IDeLEmhvr 2 02.1 Income Expendiiiirc CTeneral funds 449.8( 50,.170 482,0611 At l January 2022 .31 1)eceiJibrr 2 Inioinc r.xpeJMlilute GvneTal fund5 427.072 -60.021 {7,2931 449.800 17- FRIENDS OF QUEEN MARY'S SJDCLP LJMITED CONIPAN'Y LI,MITTrD ￿y C.I,'ARA.N'TTr'Tr: NOTES TO THE blNA.NCIAL STATEllkiYfs(roWjAudJ YF.AR ENDF.D 31 DF.CF.MAlb:R 2023 211. AnalTrsis of nL't ILsseis hetwctn ftsD(is ITnrestricicd Total Tr'unds Fund.% 21123 Tangible fixLd &%stls 10.023 111,02.3 Cuir¢T)I A4sL'i Crcdiior£ 1¢%% th411 l year el 481.091 4111,111)1 482.(kn0 4X2,11611 Iliiie41ricied Toiol Puiids 2022 rangible tixi'd a.k¥cts 13.50.1 Y.GIKI 4JO,0.17 rl. ?1101 I.OLNI 41(),637 11.21XII 444).800 l.'rthiiiir% 1¢s4 than l ycar et a&svts 21. Fln4nfiul in%lrnm¢nl Tk Larrying amouni (i)r ¢aLh L#ieR¢)ry i>( finan¢ial Jn%rriimeni i* 4$ f