**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