Charity reglstratlon number 1154540 (England and Wales) Company registratlon number CE001362 WELLS COMMUNITY HOSPITAL TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 WELLS COMMUNITY HOSPITAL TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Dr C Collins Mr S Parkes DrDAJlnce MrTFHow Rev S Wood Ms L Reynolds Mrs E C Withington (Appointed 7 February 2025) Charlty number (England and Wales) 1154540 Company number CE001362 Principal addres5 Mill Road Wells-next-the-sea Norfolk NR23 1RF Registered office Mill Road Wells-next-the-sea Norfolk NR23 1RF Independent examiner Mapus- Smith and Lemmon LLP 48 King Street Kings Lynn England PE30 1HE Bankers Barclays Bank PLC 17 Market Place Fakenham Norfolk NR219BE Solicitors Hansells 13 The Close Norwich Norfolk NR14DS WELLS COMMUNITY HOSPITAL TRUST CONTENTS Page Chairman's statement Trustees, report Independent examinels report Statement of financial activities Balance sheet Notes to the financial statements 10-24 WELLS COMMUNITY HOSPITAL TRUST CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 Tha past year has seen Wells Community Hospital Trust continue to build on the previous progress, further strengthening our ability to support the coastal communities of North and West Norfolk to lead happier, healthier. and more sustainable lives. The ongoing pressures of the rising cost of living throughout 2024 have continued to negatively impact our community. As a result. the demand for support around both physical and mental health has significantly increased. In response. wa havè expanded and developed our services. continuing to prioritise accessibility. prevention, and wellbeing. Coastal Health and Wellbeing Project Through Coastal Health and Wellbeing, we have continued to deliver the Coastal Supermarket. a low-cost food hub and member of the Nourishing Norfolk ne￿ork. In 2024, the Coastal commun5ty Supermarket van delivered the service in Walsingham and Wicken Green, and we have established permanent locations in Holt and Wells-next- the-sea. These hubs provide our communities with access to,. Affordable food and essential household products A f￿e hygiene bank Fresh fruit and vegetables and chilled dairy and meat products. Supportive, inclusive spaces to access wider wellbeing services Wellbeing Services and Community Support Throughout the year, the Trust has continued its commitment to preventative health and wellbeing supporl. We provide a wide range of services. including: Exercise classes Bereavement support groups Art and writing for wellness sessions Bumble Bees Family Hub and stay and play sessions. Recipe bags and meal planning on a budget. Cancer Care and Share Group. Chatty Café. Our Infomation, Advice, and Guidance service has become an essential offering, helping individuals access the widar support they need in challenging times. We also facilitate targeted wallbeing groups to address mental health challenges, such as- Walking for Wellness Nurture and Natter gardening sessions We have also begun devèloping support for those who ar6 economically inactive, with a focus on volunteer training opportunities for long-temi unemployed individuals and adults with additional needs. This includes.. Work experience placements Support with CV writing and interview preparation Confidence-building activities to reduce anxiety Encouragement into employment or further tralning These Se￿iceS not only support mental wellbeing bul also contribute to improving income and life stability, enabling people to take positive steps towards healthier, happier futures. WELLS COMMUNITY HOSPITAL TRUST CHAIRMAN'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Partnerships and Hosted Services We remain proud to hosl a number of valued partners at our site, extending the reach and diversity of ServI￿S available to our communty. In 2024 we secured Mind Norfolk and Waveney as a seNice based in our building delivering talking therapy and Change Grow Live also run a weekly service from our hub to support those within our community living with drug and alcohol addictions. Mind Norfolk and Waveney- mental health support Pandora Project- domestic abuse support NCC Adult Learning - skills-based learning including IT, cooking, and numeracy (Multiply) Hear for Norfolk - audiology and hearing support services Foot Health Diabetes Prevention Program Parkinsons support group Early onset and early Stage dementia support. Secured ongoing lease with Damira Dental NHS dental provision. Chi Therapy Legends hairdresser. Town Council. EEA Cycling Paramedics Hub We are also a local crisis support hub, working with the Trussell Trust Food Bank and mobilising a team of volunteers to assist with= Shopping and prescription deliveries Food bank distributions Fundraising and Community Engagement Throughout the year, we've delivered a variety of fundraising activities, including pop-up charity shops, a well- attended and popular Dog Show and a Christmas Winter wonder event. Alongside these community events, we continue to seek and secure grant funding to sustain our free and subsidised services. We are incredibly graleful lo our network of dedicated volunteers. Their time, energy, and commitment are essontial to the SUC￿9$ of all we deliver through the Coastal Health and Wellbeing projects and servic&s: Our food hubs Community garden stay and Play sessions Fundraising and outreach initiatives On behalf of the board, l extend my sincere thanks to each and every one of them for the vital role they play in our work. WELLS COMMUNITY HOSPITAL TRUST CHAIRMAN'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Acknowledgements We are deeply grateful for the continued support of our local communily, and we would like to publicly acknowledge the generosity of the following organisations, whose grant funding has helped make our achievements possible over the last year: Wells United Charities The Audroy Earfe Twst Norfolk Community Foundation Egmere Community Fund Harold Moorhouse Trust Aviva Alan Boswell Trust C L Hill Trust The Anne French Memorial Trust Brocklebank Charity Trust Fakenham Rotary Club Morston PCC Their support has enabled us to respond creatively and compassionately to the growing needs of our community. MrTHow Chairman IOLf WELLS COMMUNITY HOSPITAL TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual rgport and fin2ncial statements for tha yaar ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities= Statement of Recommended Practice applicable to Gharities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019}" Objectives and activities The charity's works are to improve and maintain the Health and Wellbeing of our Coastal community. Th8 Trust owns and runs out of the old cottage hospital. Public benefit The Irustees consider that thè charity's objectives of providing health and social care facilities in the North Norfolk Area and its current activities directly meet the Charity Commission's public benefit requirements. The trustees have paid due regard to guidan￿ issued by the Charity Commission in deciding what activities the charity should undertake. Achievements and performance Significant activities and achievements against objectives Achievements and performance during the year include the following- Development of the Community Hub through the Coastal Health and Wellbaing Outrgach programme. Development of the Coastal Community Supamiarket. Hosting of Renal services holiday dialysis. Hosting of Cycling Paramedics, East of England Ambulance servic8 providing a vital lifeline for many. Provision of an affordable social café. Facilitating Trussell Trust Food Bank in Wells Developèd Community Garden to provide access to gardening, grow vegetables for the local community and the supennarket. Financial review During the year lo 31 March 2025, the trustees have continued to manag8 the finances to support the activities of the Trust and to maintain reserves of £132,797 in cash and deposits at the bank. Overall income for the year decreased by 111 compared to that for 2024. Total expenses increased to £359,487 from £334.759, the bulk of the costs relate to staff costs and the operation of the community supermarket. At the year end, the charity had total funds of £649,56212024.' £710,117). Unrestricted reserves were £181,920 (2024: £225,567), restricted reserves were £57.387 {2024: £71,259) and Endowment funds were £410,255 (2024.. £413,291). Resewes policy It is the trustees, intention to build up free ￿SerVeS (unrestricted current assets less liabilities) to the equivalent of six months operating expenditure which amounts to approximately £165,000. At the year end the Trust had free rese￿eS of £94.292 (2024.. £125.766). Major risks The trustees are aware of the recommendation of the Charity Commission that the major risks to which the charlty is exposed should be reviewed and systems established to mitigate those risks. Whilst he811h and safety risks are regularly reviewed the trusteas recognise that a key risk facing the charity is in relalion to the hospital's financial viability. The trustees are monitoring the position carefully and a full risk assessment covering all financial and governance issu&s will be carried out during the current financial period. WELLS COMMUNITY HOSPITAL TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plans for futuro periods We will continue to strengthen our partnerships, collaborating to ensure we provida effective and relevant services to the population we serve. We will strive to maximise the usage of the rooms and facilities at the Old Cottage Hospital to facilitate a range of health and wellbeing services. We will broaden the reach of our Coastal Community Supermarket by increasing the number of member households. We will broaden the reach of our health and wellbeing se￿Ice$ through our Coastal Community supemiarket venues. We will build and strengthen our volunteer base to support our work in our community. Structure, governance and management Wells Community Hospital Trust was registered as a Charitable Incorporated Organisation (CIO) on 11 November 2013, No 1154540 succeeding Wells Community Hospital IWCHT) (registered charity 1115979). On 1 April 2014 the assets, liabilities and operations of Wells Community Hospital were transferred to the CIO. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial st8tements were-. Ms R Myers (Resigned 24 October 2024) Dr C Collins Mr S Parkes DrDAJ Ince DrSRGShaw MrTFHow Rev S Wood Ms L Reynolds Mrs E C Withington (Resigned 7 February 2025) (Appointed 7 February 2025} Recruitment and appointment of trustees The number of trustees shall not be less than three, nor more than twelve in number. If the number falls below the minimum, the remaining trustee or trustees may act only to call a meeting of the trustees or appoint a new trustee. The trustees may not appoint any person as a trustee if. as a result. the number of truslees would exceed the maximuTn. Members of the trustees shall be persons who through occupation, employment or othemise have special knowledge of the area of benefit or who are otherwise able, by virtue of their personal or professional qualifications, to contribute to the pursuits of the objecls of the charity. All new trustees will be provided with: The governing document of the charty Th6 latest financial statements of the charity Details of the Charity Commission guidance notes The Essential Trustee - 'What you need to know. What you need to do" In addition, the trustees are encouraged to read Charity Commission and other newsletters and to attend courses designed to keep them abreast of their duties and responsibilities. Organisational structure The Charity has been administered by th& Board of Trustees who set out the general policy of the Charity and meet at least four times a year. There is one sub-committee being Finance. WELLS COMMUNITY HOSPITAL TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees, report was approved by the Board of Trustees. MrTFHow Trustee Date: WELLS COMMUNITY HOSPITAL TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WELLS COMMUNITY HOSPITAL TRUST I report to the trustees on my examination of the financial statements of Wells Community Hospital Trust (the charity) for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordan￿ with the requirements of the Companies Act 2006. Having satisfied mysalf that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination. I report in respect of my examination of the charity's financial statements Garried out under section 145 of the Charities Act 2011. In carrying oul my examination I have followed the Directions given by the Charity Commission under section 145(5)(b} of the Charities Act 2011. Independent examlne¢s statement Since the charity's gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006. the financial ststements do not accord with those records" or the financial statements do not comply with the accounting requirements of section 396 of the Companies Aci 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in aocordan¢e with the Financial Reporting Standard applicable in tha UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. •Jw~JJ Sharon Edwards, F.C.A Mapus- Smith and Lemmon LLP 48 King Street Kings Lynn PE30 1HE England Dated: q..£>.l.i&...l.L(Lr I Cl) )orD ocmcfj (rj %r o co r) t5) ￿ fD ￿- CO r LY) ¢+) v G) O) Ln (N Ln (o P4 00v￿ o c) co o) - fD JW OrCD LN O U) 0) <7J WELLS COMMUNITY HOSPITAL TRUST BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 16 505,258 524,595 Current assets Stocks Debtors Cash at bank and in hand 17 18 4,718 17,530 132,797 6,288 8,251 181,379 155,045 195,918 Creditors: amounts falling due within one year 19 (10,741) (10,396) Net current assets 144.304 185.522 Total assets less current liabilities 649.562 710,117 The funds of the charity Endowment funds Restricted income funds Unrestricted funds 20 21 22 410,255 57,387 181,920 413,291 71,259 225,567 649,562 710,117 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 MarGh 2025. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for tha year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on . .1 ¥-l. Di.l..io)- MrTFHow Trustee Company registration number CE001362 (England and Wales) WELLS COMMUNITY HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies Charity infomiation The charity is a registered charity in England and Wales and constituted as a Charitable Incorporated Organisation. The address of the principal office is Wells Communily Hospital. Mill Road, Wells-next-th&Sea. Norfolk, NR23 1RF. 1.1 Basis of preparatlon The financial slatem8nls have been prepared in accordance with the charitvs governing document, the Companies Acl 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities p￿parIng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019).. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The fsnancial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charstable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. The Endowment Fund (Property Fund) represents a grant used to purchase the Trust's ffeehold propety. If the properly is disposed of or used for purposes which are outside the objects of The Trust prior to the expiry date of 31 March 2021 a proportion of the grant repayable. The fund is treated as an expendable endowment until these restrictions expire and the Trustees resolve to convert the capital into income. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts Can be measured reliably, and it 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 tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount 15 known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 10- WELLS COMMUNITY HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ounting policies (Continued) 1.5 Expenditure Expenditure is recognised when a liability is incurred. Contractual arrangements and performance related grants are recognised as goods or seNices are supplied. Other grant payments are recognised when a constNctive obligation arises that results in the payment being unavoidable. Costs of g&nerating funds are those costs incurred in trading activities that raise funds. Charitable activities are those costs incurred by the charity in meeting its charitable objectives. Governance costs includ8 those incurred in the governance of the charity and its assets and are primarily associated with the constitutional and statutory requirements. 1.6 Tangiblo fixed assets Tangible fi'xed assets are initially measured at wst and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold property Fixtures and fittings Computers Motor vehicles Property improvements 20/0 Straight line 50/0 to 200/0 Straight line 50/0 to 200/0 Straight line 250/. Straight line The gain or loss arising on the disposal of an asset is detennined 2$ the difference between the sale proceeds and the Garrying value of the asset. and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprisos direct mat@rials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marf(eling, selling and dislribution. 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at C811 with banks, other short-tem) liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 11 WELLS COMMUNITY HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles (Continued) 1.10 Financial Instruments The charity has elected to apply the provisions of Section 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 charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the finanGial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settje on a net basis or to realise the asset and setue the liabllity simultaneously. Baslc 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 method unless the arrangement constitutes a financing transaction, where the transaction Is measured at the presenl value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Baslc Ilnancial liabilities Basic financial liabilities. including creditors and bank loans are initially recognised at transaGtion price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable wilhin one year are nol amortised. Debt instruments are subsequently carried at amortised cost, using the etredive interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charlty's contractual obligations expire or are discharged or cancelled. 1.11 Employee benefits The cost of any unused holiday entitlement Is recognised in the period in which the employee's services ara received. Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employmenl of an employ&o or to provide termination benefits. Critical accounting estimates and Judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basls. Revlsions to accounting @stimates are recognised in Ihe period in which th6 estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. 12- WELLS COMMUNITY HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donations and legacles Unrestricted Restricted funds funds 2025 2025 Total Unrestrlcted Restricted funds funds 2024 2024 Total 2025 2024 Donations and gtfts Grants 25,926 25.926 88.614 40,231 40,231 116,733 88,614 116,733 25,926 88,614 114,540 40,231 116,733 156,964 Income from charitable activities Unrestricted funds 2025 Unrestricted funds 2024 Income from charitable activities Community Supermarket Income Charitable ￿ntaI income other income 57,090 83,770 4,340 48,992 85,731 6,789 145,200 141,512 Income from other tradlng actlvltles Unrestricted Unrestricted funds funds 2025 2024 1000 Club and Fundraising Fundraising events 3.068 3,423 3,927 1,772 Other trading activities 6.491 5,699 Income from investments Unreslricted Unrestricted funds funds 2025 2024 Interest receivable 986 791 13- WELLS COMMUNITY HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Other income Unrestricted Unrestricted funds funds 2025 2024 Other income Cafe takings Exercise classes 18,940 13,552 14,755 16,963 135 32.492 31,853 Exp8ndlture on ralslng funds Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Fundraising and publicity Seeking donations, grants and legacies 2,875 306 3,181 2.613 690 3.303 14- WELLS COMMUNITY HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activities Charitable activities 2025 Charitable actlvities 2024 Direct costs Staff costs Depreciation and impairment Direct costs Other operating costs Maintenance Utilities Other staff costs Insurance Bad d@bts written off Dog show exp6nditur8 Community Supermarket 151,859 16,302 12,331 45,220 7.840 29.996 5.447 7.264 777 2,391 58,229 140,452 16,052 21,208 40,909 8,298 32,971 323 7,736 250 2,681 40,131 337,656 311,011 Share of support and governance costs (see note 10) Governance 16.391 17,409 354.047 328,420 Analysls by fund Unrestricted funds Restricted funds 251,867 102,180 219,328 109,092 354,047 328,420 10 Support costs allocated to activities Charltable activities 2025 Total 2024 Governance 16,391 17,409 15- WELLS COMMUNITY HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Support costs allocated to actlvities (Continued) 2025 2024 Governance costs comprise: Independent examination Accountancy Legal and professional Book-keeping seNices 3,000 1.116 771 11,504 2,400 5,214 9,795 16,391 17,409 11 Net movement in funds 2025 2024 The net movement in funds is stated after chargingl(crediting}'. Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets 3,000 19.338 2.400 19,088 12 Trustees None of the trustees (or any persons connected with them) received any remunaration or benefits from the charity during the year. 13 Employees The average monthly number of employees during the year was: 2025 Number 2024 Number Employment costs 2025 2024 Wages and salaries 151,859 140,452 There were no employees whose annual remuneration was more than £60,000. 16- WELLS COMMUNITY HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Other expendituro Endowment Endowment funds funds 2025 2024 Depreciation 3,036 3,038 15 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitsble purposes. . 16 Tangible fixed assets Freghold Fixturès and propèrty ffttings Comput•rs Motor Property vehicles improvements Total Cost At 1 April 2024 443,651 135,166 5,806 10.438 81,100 676,161 At 31 March 2025 443,651 135.166 5,806 10,438 81,100 676,161 Depreciation and impairment At 1 April 2024 Depreciation charged in the year 30,360 69.245 4,280 4,349 43.331 151,565 3,036 8,604 324 2,610 4.764 19,338 At 31 March 2025 33,396 77.849 4,604 6,959 48.095 170,903 Carrying amount At 31 March 2025 410,255 57.317 1,202 3.479 33.005 505,258 At 31 March 2024 413,291 65,921 1,526 6.088 37.769 524,595 17 Stocks 2025 2024 Finished goods and goods for resale 4,718 6,288 17- WELLS COMMUNITY HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Debtors 2025 2024 Amounts falllng due wlthln one year: Trade debtors Olher debtors Prepayments and accrued income 6.311 7.568 3.651 2,487 3,431 2,333 17,530 8.251 19 Creditors: amounts falllng due wlthln one year 2025 2024 Other taxation and social security Trade creditors Accruals and deferred income 1,921 4,039 4,781 2,460 1.539 6,397 10,741 10.396 20 Endowment funds Endowment funds represent assets which must be held pemianently by the charity. Income arising on tha endowment funds can be used in accordance with the obsects of the charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund. At 1 Aprll 2024 Resources At 31 March expended 2025 Permanent endowments 413,291 {3,036) 410,255 Previous year: At 1 April 2023 Resources At 31 Mar¢h expended 2024 Permanent endowments 416.327 (3,036) 413,291 Property Fund represents a capital grant received from NHS Norfolk for the purchase of the freehold property. Conditions attached to this grant expired on 31 March 2021. 18 cr) gs) ¢J) Lr) U)rr oco o) o r r LN a) ¢0 ro ¢1) ¢0 o) In¢OO)¢X)O r O(7J fD* ts)￿0£0 P) Lnoooco I LU (J U U U zuc£uJ>ii>zzzz (yin OoCDL￿￿ln￿)£oOO Ir)00 (Y) ID Ovtstrjino) U)**iOC*r mo0￿￿0O￿o￿￿Ooo OOOrnOOCfjoO￿OO￿O0OLD (N O ¢ti (N o L() O lfj (N Q) ¢X O iNtr)￿r￿)?)0 O(OtO cfj r ￿r￿0(0¢o￿OO a}rm*ov)￿O roorOO(00000(9 OCOOO(QOOOCJ 0¢>J￿￿(Q￿0￿In* i O (£1 * Lyi r Ln Csi N * LN ZZSSoL)._ IJJ c¥)zz¥w ￿-, zcj rJ (U L) o L) LL LL iL LL LL LL LL IL LL LL LL LL iL C- E LL LL LL LL tu LL Lu LL > UUOUUUL)L)¢JL)L) (O W y)UL)C)L)UUUV > zzzzzzzzzzzZ>Luzzzzzzzz<>x>zz OL q)* C >o￿a)0 OJ owc co q)CL LLucJEwOtou JCtQo I c 3É£ Èwx Q)(L 12CXC r>CfJ>t o) Q) v>£ w- >WiIknZ)ZEEcZZu u)uCU o o 0*￿ IV (U- LLZfnin QI WLL L)￿￿LLE= c) U fl) uj CT> tu LL ZL JO3UEtV ZL)ttC£<(nz£rj￿zIZ￿z￿￿zL)ZoI￿¥lxZzZC*ZZQ)ZG cS1- JQ)ErEO qisc CLXJ J ¥tc OCLxEIIoc 7JTi o)Z JZ o fn uj -V7J(?£ri30_ Olu oL)go OJ 2o>crJ offj E"_ ￿Z￿0￿c)ZI<< LL VLLLLLLILIL ELLLLLLLLLLLLLLLL > U o>c)oc)u(JUy tr) LV Q>u)UfJUVOfJOCJ> ozzzzzZzw<>LLtzzzzzzzz<>I>zz WELLS COMMUNITY HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2024 Incoming resources Resources At 31 March expended 2025 General funds 225,567 211,095 (254,742) 181,920 Prevlous year: At 1 April 2023 Incoming Resources At 31 March resources expended 2024 General funds 227,422 220.086 (221,941) 225,567 23 Analysis of net assets between funds Unrestricted funds 2025 Restricled Endowment funds funds 2025 2025 Total 2025 At 31 March 2025: Tangible assets Current ass8tsl(liabilities) 87.628 94.292 7,375 50,012 410,255 505,258 144,304 181,920 57,387 410,255 649,562 Unrestrlcted funds 2024 Restricted Endowment funds funds 2024 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl(liabilities) 99,801 125,766 11,503 59,756 413,291 524,595 185.522 225,567 71,259 413,291 710,117 -23- WELLS COMMUNITY HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 24 Operating lease commitments Lessee At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases. which fall due as follows: 2025 2024 Within one year Between two and five years 680 511 680 1.191 1,191 1.871 Lessor At the reporting end dat8 the charity had contracted with tenants for the following minimum lease payments: 2025 2024 Within one year Between two and five years 15,658 28,898 2,439 44,556 2,439 25 Related party transactions There were no disclosable related party transactions during the year (2024 - none). -24-