REGISTERED COMPANY NUMBER: 07292072 (England and Wales) REGISTERED CHARITY NUMBER: 1144843
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 22 December 2020
for
Friends of Braintree Community Hospital
Alison Hurrell 44 Church Street Bocking Braintree Essex CM7 5JY
Friends of Braintree Community Hospital
Contents of the Financial Statements for the year ended 22 December 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | to | 4 |
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
Friends of Braintree Community Hospital
Report of the Trustees for the year ended 22 December 2020
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 22 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07292072 (England and Wales)
Registered Charity number
1144843
Registered office
Braintree Community Hospital Chadwick Road Braintree Essex CM7 2QU
Trustees
Professor CJC Green (resigned 3.9.2020) DF Mann AVE Everard DL Jacob
Company Secretary Mrs S Pegram
Bankers
NatWest 47 High Street Braintree Essex CM7 1JT
Approved by order of the board of trustees on 4 February 2021 and signed on its behalf by:
DL Jacob - Trustee
Page 1
Friends of Braintree Community Hospital
Statement of Financial Activities for the year ended 22 December 2020
| 2020 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 503 Other trading activities 2 7,479 Total 7,982 EXPENDITURE ON Raising funds 3 22,993 NET INCOME/(EXPENDITURE) (15,011) RECONCILIATION OF FUNDS Total funds brought forward 29,305 TOTAL FUNDS CARRIED FORWARD 14,294 |
2019 Total funds £ 1,533 33,011 34,544 37,629 (3,085) 32,390 29,305 |
|---|---|
The notes form part of these financial statements
Page 2
Friends of Braintree Community Hospital
Balance Sheet 22 December 2020
| 2020 Unrestricted fund Notes £ CURRENT ASSETS Stocks 8 400 Cash at bank and in hand 14,152 14,552 CREDITORS Amounts falling due within one year 9 (258) NET CURRENT ASSETS 14,294 TOTAL ASSETS LESS CURRENT LIABILITIES 14,294 NET ASSETS 14,294 FUNDS 10 Unrestricted funds 14,294 TOTAL FUNDS 14,294 |
2019 Total funds £ 915 28,637 29,552 (247) 29,305 29,305 29,305 29,305 29,305 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 22 December 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 22 December 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 3
Friends of Braintree Community Hospital
Balance Sheet - continued 22 December 2020
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 4 February 2021 and were signed on its behalf by:
DF Mann - Trustee
AVE Everard - Trustee
DL Jacob - Trustee
The notes form part of these financial statements
Page 4
Friends of Braintree Community Hospital
Notes to the Financial Statements for the year ended 22 December 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings
- at variable rates on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
2020 2019 £ £ Shop income 7,479 33,011
continued...
Page 5
Friends of Braintree Community Hospital
Notes to the Financial Statements - continued for the year ended 22 December 2020
3. RAISING FUNDS
Investment management costs
4.
| Investment management costs | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Support costs | 258 | 246 |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| Auditors' remuneration for non audit work | 2020 £ 258 |
2019 £ 246 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 22 December 2020 nor for the year ended 22 December 2019.
Trustees' expenses
During the year there was £93 expenses paid to Professor C J C Green (2019 £116)
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM | Unrestricted fund £ |
|---|---|
| Donations and legacies | 1,533 |
| Other trading activities | 33,011 |
| Total | 34,544 |
| EXPENDITURE ON | |
| Raising funds | 37,629 |
| NET INCOME/(EXPENDITURE) | (3,085) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 32,390 |
| TOTAL FUNDS CARRIED FORWARD | 29,305 |
continued...
Page 6
Friends of Braintree Community Hospital
Notes to the Financial Statements - continued for the year ended 22 December 2020
7. TANGIBLE FIXED ASSETS
| 7. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| and | ||||
| fittings | ||||
| £ | ||||
| COST | ||||
| At 23 December 2019 and | ||||
| 22 December 2020 | 724 | |||
| DEPRECIATION | ||||
| At 23 December 2019 and | ||||
| 22 December 2020 | 724 | |||
| NET BOOK VALUE | ||||
| At 22 December 2020 | - | |||
| At 22 December 2019 | - | |||
| 8. | STOCKS | |||
| Stocks | 2020 £ 400 |
2019 £ 915 |
||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||
| Accrued expenses | 2020 £ 258 |
2019 £ 247 |
||
| 10. | MOVEMENT IN FUNDS | |||
| Unrestricted funds | Net At movement 23.12.19 in funds £ £ |
At 22.12.20 £ |
||
| General fund | 29,305 (15,011) |
14,294 | ||
| TOTAL FUNDS | 29,305 (15,011) |
14,294 | ||
| Net movement in funds, included in the above are as follows: | ||||
| Unrestricted funds | Incoming Resources resources expended £ £ |
Movement in funds £ |
||
| General fund | 7,982 (22,993) |
(15,011) | ||
| TOTAL FUNDS | 7,982 (22,993) |
(15,011) | ||
continued...
Page 7
Friends of Braintree Community Hospital
Notes to the Financial Statements - continued for the year ended 22 December 2020
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| At | movement | At | |
| 23.12.18 | in funds | 22.12.19 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 32,390 | (3,085) | 29,305 |
| TOTAL FUNDS | 32,390 | (3,085) | 29,305 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
| General fund | 34,544 | (37,629) | (3,085) |
| TOTAL FUNDS | 34,544 | (37,629) | (3,085) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds | At 23.12.18 £ |
Net movement At in funds 22.12.20 £ £ |
|---|---|---|
| General fund | 32,390 | (18,096) 14,294 |
| TOTAL FUNDS | 32,390 | (18,096) 14,294 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds | Incoming Resources resources expended £ £ |
Movement in funds £ |
|---|---|---|
| General fund | 42,526 (60,622) |
(18,096) |
| TOTAL FUNDS | 42,526 (60,622) |
(18,096) |
continued...
Page 8
Friends of Braintree Community Hospital
Notes to the Financial Statements - continued for the year ended 22 December 2020
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 22 December 2020.
Page 9
Friends of Braintree Community Hospital
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the year ended 22 December 2020 | ||
| 2020 | 2019 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 503 | 1,533 |
| Other trading activities | ||
| Shop income | 7,479 | 33,011 |
| Total incoming resources | 7,982 | 34,544 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Insurance | 396 | 396 |
| Hire | - | 100 |
| Telephone | 93 | 116 |
| Postage and stationery | 48 | 633 |
| Sundries | 247 | 527 |
| Other trading activities | 784 | 1,772 |
| Opening stock | 915 | 1,517 |
| Purchases | 4,672 | 17,522 |
| Donations | 16,764 | 17,487 |
| Closing stock | (400) | (915) |
| Support costs | 21,951 | 35,611 |
| Governance costs | ||
| Auditors' remuneration for non audit work | 258 | 246 |
| Total resources expended | 22,993 | 37,629 |
| Net expenditure | (15,011) | (3,085) |
This page does not form part of the statutory financial statements
Page 10