COMPANY REGISTRATION NUMBER: 06828950
CHARITY REGISTRATION NUMBER: 1129677
FRIENDS OF QUEEN MARY'S SIDCUP LIMITED
Company Limited by Guarantee
UNAUDITED FINANCIAL STATEMENTS
31 DECEMBER 2024
ILL
EY
LP
Reporting Accountants
Numeric House
98 Staiion Road
Sidcup
Kent
DA15 7BY

FRIENDS OF QUEEN MARY'S SIDCUP LIMrrED
COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
Pages
Trustees, annual report (incorporating the directors, Trport)
1105
Independent examlnefs report to Ihr trustc¢s
Statement of financial activities (including income and expenditure account)
6t07
Statement of financial position
9tolO
Notes to the financial statements
Ilto18

11
FRIENDS OF QUEEN MARYIS SIDCUP LIMITED
COMPAIYY LIMITED BY GUARANTEE
TRUSTEES, ANIW4UAL REPORT ONCORPORATINC THE DIRECTORSI RF.PORT)
YEAR ENDED 31 DECEMBER 2024
The tntstees, who are also the directors for the purposes of company law, present their report and the unaudited
financial statements of the charity for the year ended 31 December 2024.
Referenee and administrative details
Friends of Queen Matys Sidrup Limited
Registered charity name
Charity registration number
1129677
Company registration number
06828950
Principrdl office and registered
office
98 Station Road
Sidcup
Kent
DA15 7BY
United Kingdom
The trustees
P B Woodman
S Groombridge
C Elms
D Denni5
P E Davidson
E Rusbden
Company secretary
S Groombridge
Independent examiner
Opass Billings Wilson & Honey LLP
Numeric House
98 Station Road
Sidcup
Kent
DA15 7BY

FRIENDS OF QUEEN MARY'S SIDCUP LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES, ANNUAL REPORT ONCORPOIiATINC THE. t)IRFcfoRSI REPORT) (Co￿1n￿ed)
YEAR ENDED 31 DECEMBER 2024
Struetureg governance and management
Constitution
Friends of Queen Matys Sidcup Limited is a non-governrn¢ntal, non-political, non-religious organisation. The
Charity was incorpoiated on 24 February 2009 und¢r a Memordndum of Association which established the
objects and powers of the charitable company and is governed under its Articles of Association.
Trustee5 and Management
The Trustees of the Ch￿lty are set out on page l of the Financial Statements. Trustees of the Charity are invited
to join based on their professional and separate specific dedicated skills. The appointment is made by existing
Charity Trustees. New trustees are invited to attend a trdining session which covers the obligations of the
Members of the Organisation, the operational framework for the Organisation and present and fvture plan5 and
objectives.
The Trustees appoint two c(H)Idinators who are responsible for the smooth nllming of the hospitsl shops. The
co-ordinators are required to be familiar with all aspects of Health & Safety at Work and Food and Hygiene
Legislation.
Operational Structure
The charity is based at Queen Matys Hospital, Sidcup, KenL and through its trdding subsidiary, Friends Shops
Limited, manages two retail outlets: a café and a refreshment kiosk. A trolley service to the ward5 was also
maintained. During the pandemic, in line with hospitsl restrictions, these services were closed. The café re-
opened on 17 August 2021. and the new kiosk opened in 2024 in a more convenient area of the hospital for
palients and relatives attending outpatient4 after being delayed from 2023.
The café opens from 7 am to 4 pm on weekdays. providing a comprehensive servirx to patients, relatives. and
staff. A reduced service is offered at weekends for the Minor Injuries Unit. Approximately 34 volunteers provide
the service, working on a managed rota system and swised by two employed coordinators.
A Pricing Policy sulFcommittee is responsible for ensuring fair but realistic pricing for over 600 stock items.
Accounting Controls
The Charity has implemented a framework of accounting records and internal controls for managing income,
expenditure, assets. and liabilities. A report is provided monthly at a Trustees, meeting, and financial inforniation
is passed to the Treasurer, who prepares Financial Statements and an overview for the Trustees.

FRIENDS OF QUEEN MARY'S SIDCUP LIMITED
COMPANY LIMITED BY GUARA￿EE
TRUSTEES, ANNUAL REPORT ONCOIiP()RATING THE DIRE￿oRs, REPORT) feonthued)
YEAR ENDED 31 DECEMBER 2024
Objectives and activities
The charitys objective is to relieve patients and fornier patients of Queen Marfs Hospital, Sidcup, who are SICK
convalescenL disablel infmn, or otherwise in Deed. It supports the charitable work of the hospital and acts as a
successor to the League of Friends of Queen Mary's Hospital, Sidcup.
Additionally, the charity assists in providing amenliies for pati¢nts and staff at thc hospital, including rumiing
shops within the hospital. The charity, through its trading subsidiary, Friends Shops Limited, operates two outlets
on the hospitsl site: a cafe and a kiosk. These outlets were closed during the pandemic. The café re-opened in
August 2021, and the kiosk re-opened in 2024 following building works.
Th&se outlets provide a purposeful activity for local volunteers, ¢nabling them to take part in a community
project that generates tangible fmancial benefits. Trading surpluses are passed to the charitable parenL which
applies the fijnds for charitable purposes. including grants requested by the hospital.
The hospital is now part of the Oxleas NHS Foundation Trus¢ which has undertaken a significant Capital
redevelopment project that is still ongoing. In setting objectives and planning activities. the Trustees have
complied with their duty under Section 4 of th¢ Charities Act 2006 to have due regard to the Charity
Commission's guidance on public ben¢fiL
Achievements And performanee
In 2024. the charity donated £203 worth of sweets to the blood department at Queen Matys Hospital.
Financial revi¢w
The charity maintains sufficient unrestricted reserves to cover its liabilities and grant ¢ommilments. As of 31
December 2024. unrestricted reserves amounted to £555,893.
Plans for future periods
The charity will continue to support (￿Cen Matys Hospita] in the future, particularly regarding th¢ purchase of
new equipment and services required by the hospital.
Investment policy
All funds are held in G&8h d¢posits or interest-¢arnin8 accounts. A review of the charitys accounts 15 currently
being undertaken to maxi￿lSe iDtcrest r¢ceived on savings.

FRIENDS OF QUEEN MARY'S SIDCUP LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEESI ANNUAL REPORT (INCORPORATINC THF. DIRE￿oRs, REPORT) leonginH¢d)
YEAR ENDED 31 DECEMBER 2024
Plans for future periods (eonlimuedj
Risk management
The Trustees regularly review the major risks facing the charity.
Health & Safety at Work Act: All new volunieers reccivc a volunteer infornlation pack and undergo training.
Emphasis is placed on Health & Safety procedures, risk in the workplace risks, and lifting and handling. Every
volunteer is in possession of a comprehensive Health & Safety handbookand volunteers sign and return an
acknowledgement after completing training.
Food Safety. Regulation Aet 1995: Food hygiene and environmental health are closely monitored.
Housekeeping in each outlet is maintained to a high standard and regularly inspected. The temperature of chilled
food delivered daily is checked for compliance, and the data is recorded. Cool cabinets and refrigerators are
maintained at temperatures set by the Food Safety and Hygiene Regulations.
The charity maintains a comprehensive system of accounting ond Internal controls. While recognising some
challenges with operating tills due to the age of some volunteers, the overall structure is believed to be as
cohesive and robust as possible to minirnise financial risks. Card readers were introduced in 2021, which has
reduced cash handling.
Grants policy
A representative of Queen Marys Hospi￿] Pre￿nts applirntions for grants at rnonthly tntstee meetings. The
Trustees then vote on whether to approve the grant award.
Meeting
Trustee meetings are held monthly. The hospital representstive presents monetary requests for both medical
facilities and equipment for patients and staff. particularly for items not available through Exchequer funds.
Urgent life-saving equipment is prioritised. The Honorary Secretary reports on donations and bequests. manages
correspondence. and records Tequests in the Committee Meeting minutes. The Honorary Treasurer provides a
financial statement and indicates available funds for distribution.
Small company provisions
This report has been prepared in accordance with the provisions applicable to cornpanies entitled to the small
companies exemption.

11
FRIENDS OV QUEEN MARY'S SIDCUP LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES, ANNUAL REPORT {INCORPOIUTINC THF. DIRE￿oRs, REPORTI Ceonllnued)
YEAR ENDED 31 DECEMBER 2024
If-oq-2r
The trustees. annual report (incorporating the directors, report) was approved on .............
on behalf of the board of trustees by:
. and signed
E Rushden
Trustee

FRIENDS OF QUEEN MARY'S SIDCUP LIMITED
COMPANY LIMITED BY GUARANTEE
INDEPENDkfiT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF QUEEN MARY'S
SIDCUP LIMITED
YEAR ENDED 31 DECEMBER 2024
I report to the trustees on my examination of the financial statements of Friends of Queen Mary's Sidcup Limited
('the charity) for the year ended 31 December 2024.
Responsibilities and basis of repnrt
As the charity trustees of the Trust you are reswnsible for the pr¢pardtion of the ￿coUnts in accordance with the
reqiiirements of th¢ Charili¢s Act 2011 ('the Act.)
It is our r¢sponsibility to:
cxamine the accounts under section 145 of thc 2011 Act"
to follow ihe Procedutrs laid down in the gcncrnl Directions given by the Charity c.ommission under
5CCtion 145(5)(b) of the 201 l Act. and
to state whether particular matters have come to my attention.
We report in respect of our examinatinn of the T￿￿1,$ accounts carried out under section 145 of the 201 I ALI ¢ind
in carrying out my examination we have followed all the applicable directions given by the Charity Commission
under section 145(5Xb) of the Act.
Independent examiner's stxtement
I Iiav¢ completed my examination. I confirni that no matters have corne to my attention in connection with the
examination giving me cause to belicv¥-
accounting records were not kcpt in respect of the charity as required by section 386 of the 2006 Act.
or
the financial statements do not accord with those records" or
the financial statements do not comply with the accountmg requiremenrs of seciion 396 uf il1¢ 2006
Act other than any requirement thai The dLouwits give a 'tru¢ and fai¢ view which is not a matter
considered a5 part of an independent examination. or
thc fintsncial Statements have not been prepared in Accnrd2nce with the methods and principles of the
Statement ol Recomm¢nded Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial R¢porting Stsndard applicable in the UK
and Republic of Ireland (FRS 102).

FRIENDS OF QUEEN MARY'S SIDCUP LIMITED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTF.F.s nF FRIENDS OF QUEEN MARY'S
SIDCUP LIMITED (eontinued)
YEAR ENDED 31 DECEMBER 2024
I have no concerns and have come across no other matter5 in connection wtth the examination to which attention
should be drawn in this report in order to enable a propel undersLffiding of the accounts to be reached.
*1￿ + Pf•
l¥-Oq-2S
Opass Billings Wilson & Honey LLP
Independent Examiner
Numeric House
98 Station Road
Sidcup
Kent
DA15 7BY

FRIENDS OF QUEEN MARY'S SIDCUP LIMrrED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUIYT)
YEAR ENDED 31 DECEMBER 2024
2024
Unrestricted
funds Total funds
2023
Total funds
Note
Income and endowments
Donations and legacies
Other Investment income
74,1152
4,733
79,585
74,852
4,733
47,141
3.229
Tolal income
79,585
50,370
Expenditure
Expenditure on charitable activities
Tot21 expenditure
5.752
5,752
18.110
5.752
5.752
18.110
Iyet ineome and net movement in funds
73,833
73,833
32,260
Reconciliation of funds
Total funds brought forward
Total funds carried forward
482.060
482,060
555,893
449.800
555,893
482,060
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from ¢ontiDuing activities.
The notes on pages I l ¢0 18 fonn part of Ibe5e financial statements.

FRIENDS OF QUEEN MARY'S SIDCUP LIMITED
COMPANY LIMITED BY GUARANTEE
ST ATEMENT OF VINANCIAL posrrioN
31 DECEMBER 2024
2024
2023
Nots
FIXED ASSETS
Tangible fixed assets
Investments
14
15
7.517
1,000
10,023
1,000
8.517
11,023
CURRENT ASSETS
Debtors
Cash at bank and in hand
17
121.188
428J99
549587
75, 797
405,294
481,091
CREDITORS: amounts falling due within one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
18
2,211
10.054
547 J76
471.037
555,893
482,060
555,893
482,060
FUNDS OF THE CHARITY
Unrestricted funds
555,893
482, 060
Tot21 charity funds
19
555093
482.060
For the year ending 31 December 2024 the charity was ¢ntitled to exemption from audit under section 477 of the
Companies Act 2006 relating to small companies.
Directors, responsibilities:
The members have not required the company to obtsin an audit of its financial ststements for the year in
question in accordance with section 476;
The directors acknowledge their responsibilities for cornplying with the requirements of the Act with
respect to accounting records and the preparntiOD of financial statements.
Thesc financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies. regime.
The statement of financial posttion
continues on the following page.
The notes on pages 11 to 18 form part of these flnanclal 51atemellts.

FRIENDS OF QUEEN MARY'S SIDCUP LIMITED
COMPANY LIMITED BY GUARANfEE
STATEMENT OF fiNANCIAL POSITION
31 DECEMBER 2024
These fmancial statements were approved by the board of trustees and authorised for issu¢ on l ¥-o ¢1 -
and are signed on behalf of the board by:
E Rushden
Company Registration Number: 06828950
The Dotes on pages I I to 18 form part of these financlal ststcments.

FRIENDS OF QUEEN MARY'S SIDCUP LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
General informalion
The chi￿1[Y is a public bcn¢fit cntity and a private company limited by guarantee, registered in England and
Wales and a registered charity in England and Wales. Th¢ address of the registered office is 98 Station
Road, Sidcup, Kenl. DAI 5 7BY. United Kingdom.
ststement of compliance
These financial statements have been prepared in compliance widi FRS 102, The Financial Reporting
Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Praciice
applicable to charities preparing their accounts in accordance with the Fiiiancial Reportlng Standard
applicable in the UK and Republil ur Ireland (FRS 102} (Chariti¢s SORP (FRS 102)) and the Companies
Act 2006.
Accounting policies
Basis of preparation
The financial staiemenL% have been prepa￿d on the historical cost basis, as modified by thc ievaluation of
certain financial assets and liabilities and invesDnent propertie5 measured at fair value through income or
expenditure.
The financial statements are prepared in sterling, which is the functional currency uftlie entity.
Going ¢onecrn
There are no material uneertainties about the charitYs ability to continue.
Diselosure exemptions
The entity satisfies the criteria of being a qualifying eniiry as defmed in FRS 102. Its financial 3tatcm¢nts
are consolidated into the fmancial statements of (enter name of group financial statements) which can be
obtained from (enter detail). As such, advantage has been ￿ken of the folluwiiig disrlosur¢ ¢xemptions
available under paragraph 1.12 uf FRS 102.
(a) No cash flow statern¢ni bc¢n prc5¢nt¢d for the company.
(b) Disclosures in respect of financiAI instrllments have not been presented.
Consolid*tlon
The charity is not required to prepare consolidaied accowits in accorddnLe with the Chariti¢s Act 201 I, tuid
has taken advaniage uf ihr optioii not to ￿pare ¢ong01idated financial statements contained in Section 398
of the Companies Act 2006 on the basis that the chariry and ILS subsidiary uiid¢rtaking5 comprisc a small
group.
JudEeiiicnts and ky sourc¢J of cstimatlOD uneertainty
There are no significant estimates or assumptions made have significant risk of causing a material
adjijstment to the canying amounts of &ssets and liabilities wrthin the nexf financlal year.
li

FRIENDS OF QUEEN MARY'S SIDCUP LIMITED
LUMPANY LIMITED BY GUARANTEE
OTES TO THE FINANCIAL STATEMENTS (co￿11￿￿￿)
YEAR ENDED 31 DECEMBER 2024
Accounting policies {cO￿l￿￿e￿)
Fund accounting
Funds held by the Charity are:
Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at
the discretion of the trusiees.
Incoming resource5
All inLOIllC is included in the statement of financial activities when entitlement has passed to the charity, it
is probable that the economic benefi￿ a55VLiai¢d with thc transaction will flow to the charity and the
Iiiivunt ran bc reliably measured. The followlng specific p()licies are applied to particular cat¢gories of
income-.
Income from dnnations or grants 15 recognis¢d when there is evidence of entitlement to the gift. receipt is
probabl¢ and its amount can be measured reliably.
Investment income on funds held on deposit is recognised when notification received from the bank
confirniing the int¢rest b¢ing paid or becoming payable .
Resour¢es expended
Expenditure is recognised nn an accnmls basi5 as a liability is incurred. Expenditure includes any VAT
which iiUUiOt b¢ fully recovered, and is classified under headings nf the statement of financial activities to
which it relates:
Expenditure on raising fimds includes the costs ot all fimdraising aciivlties, event5 4uid iion*haritabl¢
trading activities.
Grants payable are payments made for Queen Mary's Hospital Sidcup in the furtherance of the objects of
the charity. An application request for a grant will be made which will thcn b¥ Lon5idered by th¢
committee and, if approved, the applicdnl will thcn be notifi¢d that th¢ fLmds are available. These grants are
not always taken up by the applicant and therefore provision is only made in the accounts wh¢n the grant is
actually paid. A summary of ihe ours(andin¥ grant ¢ommitm¢nts which have not been accrued for is
providcd in not¢ 10 to the ￿COUnts.
Tv4ngible thssets
Tangible assets are initially recorded at C05L and subsequently staled ai cosr less any ￿LU1￿Ulat¢d
dcprecialion and impainnent losses. Any ￿ngIbIC ￿￿ets carried at revalu¢d amounts are recorded at the fair
value at the dat¢ of Tevaluation less any subsequent accumulated depreciaiion and subsequenl ilLcuiiiulat¢d
impatrn]ent losses.
12-

FRIENDS OF QUEEN MARY'S SIDCUP LIMITED
CUMPAtNY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS fcon¢iAue4J
YEAR EIYDED 31 DECEMBER 2024
Aceounling policies (eoniinued)
TaDglble a55ets' (comlnucd)
An increase in th¢ carying amount of an asset &s a result of a revaluation, is recognised in other r¢¢ognised
gains and losses, unless it reverses a charge for impairnient that has previously been recognised as
expenditure within the statement of financial activities. A d¢creas¢ in the carying amount of an asset as a
result of rcvaluation, is recognised in other recognised gains and losses. except to which it offsets any
previous revaluation gain, in which case the loss is shown within other recognised gains and 1055es VII tlie
statement of financial activities.
Depreciation
L)epreciation is calculaied 5v ￿ lo wtite off th¢ cost or valuation of an asset, less its residiial value, over th¢
useful cconomic lifc of that asset as follows:
2.5•/o reducing balance
Fixtures & fittings
Investments
Fixed asset investments are initially recorded at cosL and subsequently slaied ai c05t I¥yts ￿]Y accumulated
impainnent losses.
Impairmeni of fixed assets
A review for indiLdiors of impairnient 13 carried out at each reportin8 date, with the recoverdble amount
bcing estimated where such indicators exist. Where the canying valu¢ exc¢eds the recoverable amounL the
asser is impaired accordingly. Prior impainnents are also reviewed for possible reversal at each reporting
datc.
For th¢ purposes of impairnient testing. when it is not possible lo estimate the recoverable amount vf
individual asset. an ¢stimat¢ is made of the recoverable amount of the cash-generdting unit to which the
asset belongs. The cash-generatlDg unit is the smallest identifiable group ot" assets that includes ihe asset
and generates cash inflows that largely independent of the cash inflows froIii other assets or groups of
assets.
For itnpairincni testing of soodwill, the goodwill #equired in a biifinegg combination is. from the
acquisition date, allocaied to each of the ￿h-generatIng units that are expected to benefit from the
syIicI"gi¢s of th¢ combination, irrespertive of whether other asseig nr liabilities of th¢ charity are assigned to
those units.
13-

FRIENDS OF QUEEN MARY'S SIDCUP LIM￿ED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINAP4CIAL STATEMENfs {C•thIM￿•dj
YEAR ENDED 31 DECEMBER 2024
Aceountlng policies (co￿¢￿￿e
Finanei21 instruments
A financial asset or a financial liability is recognised only when the entity becomes a paty to the
contractual provisions of the instrument.
Basic financial instruments are initially recogDised at the amount receivable or payable including any
related transaction co$￿ unless the arrdngement constitutes a financing transaction, wher¢ it is recognised
at the present value of the future payments discounted at a njarket rdte of interest for a similar debt
instrument.
Current assets and current liabilities are subsequently me&8ured at the cash or other consideration expected
to be paid or received and not discounted.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of
impairment at the cnd of each reporting date. If there is objective evidence of impairnienL an impairnient
loss is recognised under the appropriate heading in the statement of financial activities in which the initial
gain was recognised.
Limited by guarantee
The Company is Limited by Guarantee and does not have any Share Capital.
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
DOIYATIONS
Collection boxes
Gift from subsidiary
190
74,662
74,852
190
74,662
615
46,526
47,141
615
46,526
74.852
47.141
Other investment ineome
Unrestricted Total Funds Unrestricted Totsl Funds
Funds
2024
Funds
2023
Bank interest receivable
4.733
4,733
3.229
3,229
14-

li
FRIENDS OF QUEEN MARY'S SIDCUP LIMrrED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMF.wrs (tO￿L￿￿a0
YEAR ENDED 31 DECEMBER 2024
Expenditure on charitable activilies by fund type
Unrestricted Total Funds
Funds
2024
Unrestricted Total Funds
Funds
2023
Grdnts to hospitsl
Support costs
(585)
6,337
5,752
(585)
6J37
11,834
6,276
18,110
11.834
6.276
5,752
Expenditure on charitable activitie5 by activity type
Grant fimding
of activities Support costs
Total fuDd$
2024
Total fund
2023
Grants to hospital
Governance costs
(585)
6256
81
5,671
81
J8,044
66
(585)
6,337
5,752
Analysis of support eosts
Bank charges
Total 2024
Totsl 2023
Governance costs
Legal and professional fees
Depreciation
Subscriptions
81
2.522
2.506
1228
81
2,522
2,506
1,228
66
1,968
3.340
902
6.337
6J37
6,270
10. Analysis of grants
2024
2023
GRANTS TO INSTITUTIONS
Paid during year
Excess payment
203
(788)
(585)
(585)
11.834
11,834
Total grnnts
11.834
11. Net income
Net income is ststed after chargIn￿{Crediting).
2024
2023
Depreciation oftangible fixed assets
2,506
3.340
15-

FRIENDS OF QUEEN MARY'S SIDCUP LIMITED
COMPANY LIMITED BY GUARANfEE
OTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
12. Independent examlnation fws
2024
2023
Fees payable to the independent examiner for.
Independent examination of the financial statements
2,522
1,968
13. Trustee remuneration aDd expenses
No remuneration or other benefits from employment with the charity or a related entity were received by
the trustees.
14. Tangible fixed assets
Fixtures and
fittings
Total
Cost
At l January 2024 and 31 December 2024
Depreciation
At l January 2024
Charge for the year
At 31 December 2024
69,964
69,964
59.941
2,506
62,447
59.941
2,506
62,447
Carrying amount
At 31 December 2024
7,517
10,023
7.517
At 31 December 2023
10,023
IS. Invwtments
Shares in
group
undertakings
Cost or valuation
At l January 2024 #nd 31 December 2024
Impairment
At l January 2024 aDd 31 Deeember 2024
Carrying amount
At 31 Deeember 2024
1,000
1,000
1,000
At 31 December 2023
'All investments shown above are held at valuation.
16-

FRIENDS OF QUEEN MARY'S SIDCUP LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
16. Investment entities
Subsldiaries and other investmcDts
Percentage of
sliates hcld
Class of shi￿¢
Subsidiary undertakings
Friends Shops Limited
The results for subsidiaries and other undertakings are as follows:
Capital and Te5crvcs
2024
2023
Ordinary
100
PTofiV(loss) for the year
2024
2023
Subsidiary undertakings
Friends SIIop5 Limit¢d
1.000
i.ooi
74.662
45,718
The investment in subsidiary undertaking is a IOOO/o shareholdin¥ in Fii¢nd5 Shop3 Limited, a trading
subsidiary which operaies the rclliil sites at Quc¢n Mary's Hospital. All profits earned by the %ubsidiary arc
gifted by deed of covenant to Friends ot Queen Mary's Sidcup Limited. Tlie subsidiary has bccn valued in
the financial statemenis at the origiD411 noniinal valu¢, which 15 equal to the value of reserves in the accounts
of the Subsidiary.
17. Debtorj
2024
2023
Amounts owed by group undertakings
121,188
75,797
18. Crcditors: amounts falling due within nne year
2024
2023
Accruals and deferred income
2.211
10.054
J9. Analysi5 ofchgrilable funds
Unrestricted funds
At
31 December 2
024
Al
l Januory 2024
Income
Expendittire
Cienerdl funds
482,060
79.585
(5.752)
555.893
At
31 December 2
023
At
l January 2023
Income
F.xpenditure
General funds
449.800
50,370
(18.110)
482.060
17-

FRIENDS OF QUEEN MARY'S SIDCUP LIM￿ED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
20. Analysis of net assets between funds
Unrestricted Total Funds
Funds
2024
Tan£ible fixed &ssets
Investments
Cu￿ent Assets
Creditors less than l year
Net assets
7,517
1,000
549,260
(2,211)
555,566
7.517
1,000
549260
(2211)
555,566
Unrestricted Total Funds
Funds
2023
Tangible fixed assets
Investments
Current Assets
Creditors less than l year
Net assets
10,023
1,000
481,091
(10,054)
482,060
10,023
I, 000
481,091
(10,054)
482, 060
21. FinsD¢ial instruments
The carrying amount for each category of financial instrument is as follows:
2024
2023
Financial assets measured at fair value through income and expenditure
Amounts owed by group undertakings
121,188
75,797
18-