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Registered number: 09064489
Charity numbers: 1157980 & SC038249
FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
CONTENTS
Page
Reference and Administrative Details of the Charity. its Trustees and Advisers
Trustees. Report
Trustees. Responsibilities Statement
Independent Auditors. Report on the Financial Statements
7-10
Statement of Financial Activities
Balance Sheet
12
Statement of Cash Flows
13
Notes to the Financial Statements
14-27

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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Tessa Brewer
Katharine Brooke
Nicola Brooksbank (Chainnan) .
Dr Karin Englehart
Sally Falk (resigned 15 November 2024)
Flora Hood
Fiona Hughes .
Simon Melluish (appointed 27 March 2024)
Michael Parker (Treasurer) .
Suzy Richardson .
Elizabeth Vyvyan .
Denotes membership of the Investment SutFCommittee. chaired by M Parker
Company registered
number
09064489
Charity registered
numbers
1157980 and SC038249
Registered office
Community House
Room F35
South Street
Bromley
BR1 1RH
Grants
Administratorlcharity
Coordinator
Lisa Hungerford
Independent auditors
James Cowper Kreston Audit
2 Communications Road
Greenham Business Park
Greenham
Newbury
Berkshire
RG19 6AB
Bankers
Messrs Coutts & Co.
440 Strand
London
WC2R OQS
Solicitors
Messrs Farrer & Co.
66 Lincoln's Inn Fields
London
WC2A 3LH
Investment Advisors
Brewin Dolphin Limited
12 Smithfield Street
London
EC1A 9BD
Page 1

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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Truslees presenl their annual report together with the audited financial statements of the Charity for the
period 1 January 2024 to 31 December 2024. The Annual Report serves the purposes of both a Trustees. report
and a directors. report under company law. The Trustees confirm that the Annual Report and financial
statemenls of the charitable company comply with the current statutory requirements, the requirements of the
charitable companls goveming document and the provisions of the Statement of Recommended Practice
(SORP) applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Reporl required
of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report)
Regulations 2013 has been omitted.
Structure, governance and managemenl
Constitution and Trustees
Florence Nightingale Aid in Sickness Trust (FNAIST) was originally constituted in 1975 by a scheme approved by
the Charity Commissioners and became an incorporated Charity on 30 May 2014.
The charitable company is govemed by Its Memorandum and Articles. and is registered as a Charity in England
and Wales. and in Scotland. The Trustees serving throughout the year and to the date of this Report are listed
on page 1. They meet six times a year.
Day to day management of the activities is delegated to the Grants Administratorlcharity Coordinator.
Trustees hold office for a period of four years. Retiring Trustees who remain qualified may be re-appointed.
FNAIST currently has ten appointed Trustees. All Trustees give freely of their time. The number of Trustees shall
be not less than five and not more than fifteen in total. New Trustees are appointed by existing Truslees and are
recruited for Iheir skills and eligibility to act and acceptance of willingness to act. Preferred candidates are
approved by the Full Trustee Board. Candidates are asked lo declare potential conflicls of inleresl. New
Trustees are provided with information that is relevant to the Charity and their work as a Trustee for Ihe Charity.
New Trustees are given an introduction to the Charity Commission guidance. Should any Trustee require
ongoing training Ihis will be facilitated.
Principal risks
The Trustees review the major risks to which the Trust is exposed, in particular those relaled to its operations
and finances, and are satisfied that systems and procedures are in Pla￿ to mitigale exposure to the major risks.
The principal risks faced by the Trust include-
Relian￿ on investment income and performance of investments
IT system failure
Security of premises to operate from in the long temi
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Objectives and activities
Objectives
The Florence Nighlingale Aid in Sickness Trust provides grants to help people in need who are ill, convalescent
or disabled. Grants are used to provide medical and household aids that make a huge difference lo people's
ability to manage at home, live as independently as possible and improve the quality of their lives.
The charitable object of Ihe Trust is the relief of those persons who are in need by reason of sickness, poor
health, disability or old age by the provision of grants, items, services or facilities, provided that preference is
given to those persons who have professional, secretarial or administrative qualifications or experience.
Activities for achieving objectives
Applications for support come via social workers. doctors. health and care workers and other charilies. The Trust
provides grants that are not readily available from other sources.
The Trust continues lo meet requests for grants from throughout the United Kingdom. including Scotland. The
Trust's support varies from person to person but, in general, we provide:
Items to assist with independent living. for example manual and electric wheelchairs. electric beds,
orthopaedic mattresses, riserlrecliner chairs and mobile hoists-
Convalescent and respite care.
Medical aids, such as nebulisers. washing machines. refrigerators for essential drug storage and secure
drug cabinets.,
Sensory equipment and communication aids-
Computers and specialist software to assist the blind.
Achievements and performance
Main achievements of the Charity
Through our activities, we are able to-
Provide enhanced mobility to disabled children and adults with up to date wheelchairs that meet their
individual medical and mobility requirements-
Provide a comfortable night's sleep by giving grants to purchase specialist beds and mattresses-
Solve laundry crises for people who may be incontinent by providing grants to purchase washing machines
and tumble dryers"
Provide grants lo help pay for convalescent or respite care in cases of chronic illness and to give their carer
a well eamed break.
Each grant recipient should be able to live with less pain andlor stress. The purchase of basic aids and
equipment can make huge life changes and help to alleviate sickness. We offer a swift and in some cases,
immediate, positive response to urgent requests. Our aim is to direct as much money as possible to the people
who need it.
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance {continued)
During Ihe year the following number of grants were provided to individuals in support of our objectives..
2024
95
2023
106
Aid purposes
Mobility equipment
Respite and convalescent breaks
Communication aids
182
81
138
95
14
366
353
Public benefit
In setting our objects and planning the activities for the year. the Trustees confinn that they have had due regard
for the guidance on Public Benefit published by the Charity Commission and so fulfilled their obligation under
section 4 of the Charities Act 2011.
Financial review
Financial summary
Total income for the year was £433.294. compared with £399.446 in 2023. The majority of this income was
generated by the Trust's investment portfolio. Total expenditure for the year was £497,815, a increase on the
£418,404 for the comparative year. During the year. there was a gain on investments of £179,272, compared to
a prior year gain of £326,197. This resulted in the overall surplus for the year being £114,751 compared to an
overall surplus of £307.239 in 2023. Funds carried forward total £12.506,066, of which £175.110 relate to
endowment and Ihe remaining £12.330,956 are unrestricted. £12.327.501 is represented by the Trust's
investment portfolio with the remaining £178.565 represented by current assets less current liabilities.
Investments
FNAIST maintains its investments in a range of fixed interest and equity securities. The investment portfolio
produces regular income each year, which is essential to the Trust's ongoing operation as this income funds Ihe
grant payments. Investment perfomance is monitored by the Investmenl Sub-committee, the members of which
are shown on page 1. The Sub-committee meets with the investment advisors. Brewin Dolphin Limited, three
times a year to monitor investment performance across a range of benchmarks, and to take appropriate advice.
The Charity's investment policy stipulates that a key benchmark is to track the performance of the portfolio over
a 3 year rolling period against the ARC Charity Balanced Index. In the three years to 31 December 2024. the
Charity s portfolio returned 2.1 % compared with 2.5% for the ARC Charity Balanced Index. The slight
underperformance reflects the historic focus upon income generation within the portfolio during a period when
market returns have been driven predominantly by gro￿ investments. The Trustees are satisfied with the
performance of the investments.
Reserves policy
As at 31 December 2024 the Charivs free reserves. as defined by the Charity Commission, are its unrestricted
funds and amounted to £12,330.956. These funds are available to be used for both currenl and future
beneficiaries. The Trustees endeavour to ensure that the reserves (which primarily comprise investments} are
maintained at the appropriate level such that the income generated is sufficient to cover known outgoing
expenditure and the average level of grant approvals that are made at present.
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trust does not have plans to redu￿ reserves levels in the medium term future. This is considered
appropriate as reserves are invested to create annual income because Ihe Trust does not generale regular
income from any olher source. Annual investment income experienced in recent years exceeded annual base
running costs, and the balance is spent on grants to individuals in support of charitable objects to the extent
possible. For now, any longer term gains that are experienced on the investment portfolio are therefore
reinvesled for use on future beneficiaries. The remainder of funds are then able to be made available for
investment to generate funds.
The Charity relies on the interest and dividends generated by its share portfolio to fund its charitable activities
and the Trustees have determined to maintain a prudent level of cash held as Reserves in the Charity's bank
accounts. This cash acts as a buffer against unforeseen expenditure requirements.
Most grants are now being re￿iVed online, with BACS pa￿entS being made for all but a very few grants. As can
been seen from the 2024 list of grants provided to individuals, the numbers have increased.
Fundraising
The Edward Gostling Trust agreed a grant of £250,000 which FNAIST received in March 2022. This generous
grant is for the next 10 years and is being spent at the rate of £25,000 per annum adjusled for inflalion as closely
as we can in accordance with their wishes of the previous years. The Trustees are very graleful to Ihe Edward
Gostling Trust- these funds make a huge difference to the lives of our beneficiaries.
Plans for the future
The Trustees plan to continue the grant-giving activities of the Trust for the foreseeable future. in line with its
charitable objectives.
Disclosure of information to auditors
Each of the persons who are Trustees at the time when this Trustees, Reporl is approved has confirmed that:
so far as that Trustee is aware. there is no relevant audit infomiation of which the charitls auditors are
unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of
any relevant audit information and to establish that the charitys auditors are aware of that information.
Auditors
The auditors, James Cowper Kreston Audit, have indicated their willingness to continue in office. The designated
Trustees will propose a motion reappointing the auditors at a July meeting of the Trustees.
ed by order of the members of the board of Trustees and signed on their behalf by:
Mlthatl 10May￿25 14..45..￿￿$t iurc411
M Parker
Trustee
Date:
10 May 2025
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for
preparing the Trustees. Report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires Ihe Trustees to prepare financial statements for each financial year. Under company law,
the Trustees musl not approve the financial statements unless they are satisfied that Ihey give a true and fair
view of the state of affairs of the Charity and of its incoming resources and application of resources, including its
incorne and expenditure, for that period. In preparing these financial stalements, the Trustees are required to-
select suitable accounting policies and then apply them consistently-
observe the methods and principles of the Charities SORP (FRS 102)"
make judgements and accounting estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements-
prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's Iransactions and disclose with reasonable accuracy at any time the financial position of the Charity
and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for Ihe prevention
and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on its behalf by:
10 144533 6STIUTC &11
M Parker
Trustee
Date:
10 May 2025
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF FLORENCE NIGHTINGALE AID IN
SICKNESS TRUST
Opinion
We have audited the financial statements of Floren￿ Nightingale Aid in Sickness Trust (the 'charity') for the year
ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the
Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Slandard applicable
in the UK and Republic of Ireland. (United Kingdom Generally Ac￿pted Accounting Practice).
In our opinion the financial statements-
give a true and fair view of the state of the charitable CoMpan￿S affairs as at 31 December 2024 and of its
incoming resources and application of resources, including its income and expenditure for the year then
have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with the requirements of the Companies Act 2006, Charities Act 2011 ,
the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts
(Scotland) Regulations 2006.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the elhical requiremenls that are relevant to our audit of the financial statements in the United Kingdom,
including Ihe Financial Reporting Council's Ethical Standard. and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe Ihat the audil evidence we have obtained is
sufficient and appropriale lo provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial siatements. we have concluded that the Trustees. use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomied, we have not identified any malerial uncertainties relating to events or
conditions thal, individually or collectively, may cast significant doubt on the charitable companls ability to
continue as a going concem for a period of at least iwelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the
relevant sections of this report.
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF FLORENCE NIGHTINGALE AID IN
SICKNESS TRUST (CONTINUED)
Other infomiation
The other information comprises the information included in ihe Annual Report other than the financial
statements and our Auditors. Report thereon. The Trustees are responsible for the olher information contained
within Ihe Annual Report. Our opinion on the financial statements does nol cover the olher information and,
except to the extent olherwise explicitly stated in our reporl, we do not express any form of assurance conclusion
thereon. Our responsibility is to read Ihe other information and. in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in the course of the
audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent
material misstatements, we are required to determine whether this gives rise to a material misstalemenl in the
financial statements themselves. If, based on the work we have performed, we conclude that there is a material
misstatement of this olher information. we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of Ihe audit:
the information given in the Trustees. Report for the financial year for which the financial statements are
prepared is consistent with the financial statements.
the Trustees, Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees, Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 and the
Charities Accounts (Scotland) Regulations 2006 (as amended) require us to report to you if. in our opinion-
adequate accounting records have not been kept. or returns adequate for our audit have not been
received from branches not visited by us- or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of Trustees. remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audil- or
the Truslees were not entitled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies. exemptions in preparing the Trustees, Report and
from the requirement to prepare a Strategic Report.
Responsibilities of trustees
As explained more fully in the Trustees, Responsibilities Statement, the Trustees (who are also Ihe directors of
the charitable company for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view. and for such internal control as the
Trustees detemiine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable companvs ability
to continue as a going concem, disclosing, as applicable. matters relaled to going concern and using the going
concem basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease
operations, or have no realistic altemative but to do so.
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF FLORENCE NIGHTINGALE AID IN
SICKNESS TRUST (CONTINUED)
Auditors. responsibilities for the audit of the financial statements
We have been appointed as auditor under section 44(1)(c) of the Charilies and Trustee Inveslment (Scotland)
Act 2005 and under the Companies Act 2006 and report in accordance with the Act and relevant regulations
made or having effect Ihereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstalement, whether due to fraud or error. and to issue an Auditors, Reporl Ihat includes our
opinion. Reasonable assurance is a high level of assurance. but is not a guarantee Ihat an audit conducted in
accordance with ISAS {UK) will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial slatemenls.
Because of the inherent limitations of an audit. there is a risk that we will nol detect all irregularities, including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk
increases the more thal compliance with a law or regulation is removed from Ihe events and Iransactions
reflected in the financial statements, as we will be less likely to become aware of instances on non-compliance.
The risk is also greater regarding i￿egUlar1tieS occurring due to fraud rather than e￿Or. as fraud involves
intentional concealment, forgery. collusion, omission or misrepresentation.
The specific procedures for this engagement that we designed and performed to detect material misstatements
in respect of irregularities. including fraud. were as follows-
Enquiry of management and those charged with govemance around actual and potential litigation and
claims-
Enquiry of management and those charged with govemance to identify any material InStan￿S of non
compliance with laws and regulations-
Reviewing financial statement disclosures and testing to supporting documentation lo assess compliance
with applicable laws and regulations-
Performing audit work to address the risk of irregularities due to management override of controls, including
testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of
significant transactions outside the normal course of business and reviewing accounting eslimates for
evidence
of bias.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at: vwM.frc.or
.ukJauditorsres
onsibilities. This description forms part of our
Auditors, Report.
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF FLORENCE NIGHTINGALE AID IN
SICKNESS TRUST (CONTINUED)
Use of our report
This report is made solely lo the charitable CoMpan￿S trustees. as a body. in accordance with Chapter 3 of Part
16 of the Companies Acl 2006. and to the charitable companls trustees, as a body, in accordance with
regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so
that we might state to the charitable companls trustees and Truslees those matters we are required lo state to
them in an Auditors. Report and for no other purpose. To the fullest extenl permitted by law, we do not accept or
assume responsibility to anyone other than the charitable company and its members, as a body. for our audit
work, for this report, or for the opinions we have formed.
Michael Bath Bsc FCA DChA (Senior Statutory Auditor)
for and on behalf of
James Cowper Kreston Audit
2 Communications Road
Greenham Business Park
Greenham
Newbury
Berkshire
RG19 6AB
Date: 13 May 2025
James Cowper Kreston Audit are eligible to act as auditors in tems of section 1212 of the Companies Act 2006.
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Endowment
funds
2024
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income and
endowments from:
Donations and legacies
Inveslments
14,299
418,995
14.299
418,995
6,970
392,476
Total income and
endowments
433,294
433,294
399,446
Expenditure on:
Raising funds
Charitable activities
52,586
417,350
52,586
445.229
51,774
366,630
27,879
Total expenditure
27,879
469,936
497.815
418,404
Net expenditure
before net gains on
investments
(27,879)
(36,642)
(64.521)
(18,958)
Net gains on
investments
179,272
179.272
326,197
Net
(expenditure)lincome
Transfers between
funds
(27,879)
142,630
114.751
307,239
15
(27.879)
27,879
Net movement in
funds
{27,879)
142,630
114,751
307,239
Reconciliation of
funds:
Total funds brought
forward
Net movement in funds
202,989
(27,879)
12,188,326
142,630
12,391,315
114.751
12,084,076
307,239
Total funds carried
fonNard
175,110
12,330,956
12,506,066
12,391,315
The Statement of Financial Activities includes all gains and losses recognised in the year.
The noles on pages 14 to 27 form part of these financial statements.
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
REGISTERED NUMBER: 09064489
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
Fixed assets
Tangible assets
Inveslments
1,009
12,327,501
12
12,200,815
12,328,510
12,200,815
Current assets
Debtors
13
26,354
203,769
1,964
240,747
Cash at bank and in hand
230,123
242,711
Creditors.. amounts falling due within one
year
14
{52,567)
(52,211)
Net current assets
177,556
190,500
Total net assets
12,506,066
12,391,315
Charity funds
Endowment funds
Unrestricted funds
15
15
175,110
12,330,956
202,989
12,188,326
Total funds
12,506,066
12,391,315
The entity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the entity to obtain an audit for ihe year in question in accordance with section
476 of the Companies Act 2006.
However, an audit is required in accordance with section 144 of the Charities Act 2011 and section 44{1)(c) of
the Charities and Trustee Investment (Scotland) Acl 2005.
The Truslees acknowledge their responsibilities for complyng with Ihe requiremenls of the Acl with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable lo entities subject to
the small companies regime.
The financial siatements were approved and aulhorised for issue by the Trustees and signed on their behalf by:
¥yJ)2$144SSSBSTiufc•ll
M Parker
Trustee
Date:
10 May 2025
The notes on pages 14 to 27 form part of these financial statements.
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Note
Cash flows from operating activities
Net cash used in operating activities
18
(507.047)
(397,759)
Cash flows from investing activities
Investment additions
Investmenl disposals
Investment income
Purchase of tangible fixed assets
(2,546,122)
2,414,849
418,995
{1.512)
(540,723)
561,603
392,476
Net cash provided by investing activities
286.210
413.356
Net cash (oufflow)linflow brought forward
{220,837)
15,597
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
(220.837)
653.654
15.597
638,057
Cash and cash equivalents at the end of the year
19
432,817
653,654
The notes on pages 14 to 27 fonn part of these financial statements
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
General information
Florence Nightingale Aid in Sickness Trust is a charitable company limited by guarantee registered in both
England and Scotland (Company Registered Number.. 09064489). 11 is registered with the Charity
Commission (Charity Registered Number 1157980) and the Scottish Charity Regulator (Charity
Registered Number SC038249).
In Ihe event of the Charity being wound up. the liability in respect of the guarantee is limited to £1 per
member of the Charity.
The address of the registered office is given in the Charity infomiation on page 1 of Ihese financial
stalernents. The nature of the Charitys operations and principal activities are as detailed on page 3.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charilies SORP (FRS 102)
Accounting and Reporting by Charilies: Statement of Recommended Practice applicable to charities
preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard
applicable in Ihe UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Florence Nighlingale Aid in Sickness Trust meets the definition of a public benefil entity under FRS
102. Assets and liabilities are initially recognised at historical cost or transaction value unless
otherwise slated in the relevant accounting policy.
The financial siatements are presented in sterling which is the functional currency of the Charity and
rounded lo the nearest pound.
2.2 Income
All income is recognised once the Charity has entitlement to Ihe income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of
receipt and the ability lo estimate with sufficient accuracy the amount receivable. Evidence of
entitlemenl to a legacy exists when the Charity has sufficient evidence that a gift has been left to
them (through knowledge of the existence of a valid will and Ihe death of the benefaclor} and the
executor is satisfied that the property in question will not be required to satisfy claims in the estale.
Receipt of a legacy must be recognised when it is probable that it will be received and the fair value
of the amount receivable. which will generally be the expected cash amount to be distributed to the
Charity, can be reliably measured.
For donations to be recognised the Charity will have been notified of the amounts and the settlement
date in writing. If there are conditions attached to the donation and this requires a level of
performance before entitlement can be obtained then income is deferred until Ihose conditions are
fully met or the fulfilment of those conditions is within the control of the Charity and it is probable that
they will be fulfilled.
Inveslment income is eamed through holding assets for investment purposes such as shares and
securities. It includes dividends and interest. Interest incorne is recognised using the effective inlerest
method and dividend income is recognised as the Charitys right lo receive paymenl is established.
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a Ihird party, it is probable that a transfer of economic benefits will be required in setllement and
the amounl of the obligation can be measured reliably. Expenditure is classified by activily. The costs
of each activity are made up of the total of direct costs and shared costs, including supporl costs
involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly
to that activity.
Expenditure on raising funds includes all expenditure inCu￿ed by the Charity to raise funds for its
charitable purposes and and includes all costs of all investment management fees.
Expenditure on charitable activities is inCu￿ed on directly undertaking the activities which further the
Chariws objectives, as well as any associated support costs.
Supporl costs are Ihose that assist the work of the Charity but do not directly represent charitable
activities and include office costs, governance costs, and administrative payroll costs. They are
incurred directly in support of expenditure on the objects of the Charity and include project
management. Where support costs cannot be directly attributed to parlicular headings they have
been allocated lo expenditure on raising funds and expenditure on charitable activities on a basis
consistenl with use of the resources.
The analysis of these costs is included in note 7.
Grants payable are charged in the year when the offer is made except in those cases where the offer
is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a
commitment. but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.4 Tangible fixed assets and depreciation
Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assels are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs inCu￿ed to bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less Iheir residual value
over their estimated useful lives. using the straight-line method.
Depreciation is provided on the ft)Ilowing basis..
Office equipment
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
2.5 Investments
Fixed asset investments are a form of financial instrumenl and are initially recognised at their
transaction cost and subsequently measured al fair value at the Balance Sheet date, unless the value
cannot be measured reliably in which case it is measured at cost less impairment. Investmenl gains
and losses, whether realised or unrealised. are combined and presented as 'Gainsl(Losses) on
investments, in the Statemenl of Financial Activities.
Fair value is deemed to be market value using closing quoted market pri￿. The Statement of
Financial Activities includes all net gains and losses arising on revaluation and disposals Ihroughout
the year. As investments are revalued to fair value continuously, no realised gains or losses arise.
2.6 Debtors
Trade and other debtors are recognised at the settlemenl amount after any Irade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of Ihe deposit or similar account.
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the
amount it has received as advanced payTnents for the goods or services il must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the presenl value of those
amounts, discounted at the pre-tax discount rale that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.9 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequenlly
measured at amortised cost using the effective interest method.
2.10 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Charity to the fund in respect of Ihe year.
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
2.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of Ihe Trustees in
furtheran￿ of the general objectives of the Charity and which have not been designaled for other
purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Charity for particular purposes. The cosls of raising and
adminislering such funds are charged against the specific fund. The aim and use of each restricted
fund is sel out in Ihe notes to the financial statements.
Expendable endowment funds are funds where the Truslees have a power of discretion lo convert
endowed capital into income, subject to any restrictions on the amount of conversion imposed by the
donor. The expendable amount of the fund in any period may be treated as restricted or unrestricted
according to the terms of the original endowment. and is shown as a transfer from the endowment
fund to either restricted or unrestricted funds as appropriate. Any capital gains or losses arising on
the investments form part of the fund. Investment management charges and legal advice relating to
the fund are charged against the fund.
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from donations and legacies
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Donations
9,299
5,000
9,299
5.000
1,970
5,000
Legacies
14,299
14,299
6,970
Total 2023
6,970
6,970
Investment income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Equities and fixed interest securities
Bank deposit interest
416,880
2.115
416,880
2,115
391,211
1,265
418,995
418,995
392,476
Total 2023
392,476
392,476
Investment management costs
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Investment management fees
52,586
52,586
51,774
Total 2023
51,774
51,774
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure on charitable activities
Summary by fund type
Restricted Unrestricted
funds
funds
2024
2024
Total
2024
Total
2023
Aid in Sickness
27,879
417,350
445.229
366,630
Total 2023
26,669
339,961
366,630
Analysis of expenditure by activities
Grant
funding of
activities
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Aid in Sickness
379,997
65,232
445,229
366,630
Total 2023
306,365
60,265
366,630
The number of individuals who re￿iVed a grant in the year was 366 {2023: 353).
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure by activities (continued)
Analysis of support costs
Total
funds
2024
Total
funds
2023
Staff costs
32.179
503
30,790
Depreciation
Bank charges
Bookkeeping
Rent
697
5,963
7.785
492
700
5,471
7,365
403
Postage, printing and stationery
Computer expenses
Governance costs
Telephone
Sundry expenses
Insuran
1.843
13,527
1.098
121
1,815
11,610
885
259
1.024
967
65,232
60,265
Auditors. remuneration
2024
2023
Fees payable to the Chariws auditor for the audit of the Charitys annual
accounts
8.750
6,990
Fees payable to the Chariws auditor in respect of:
All non-audit seN1￿$ not included above
2.150
1,910
Staff costs
2024
2023
Wages and salaries
Contribution to defined contribution pension schemes
31,444
735
30,103
687
32,179
30,790
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Staff costs (continued)
The average number of persons employed by the Charity during the year was as follows:
2024
No.
2023
No.
Employees
No employee received remuneration amounting to more than £60,000 in either year.
The Trust considers its Key Management Personnel to be the Trustees.
During the year, no remuneration was paid to the Key Management Personnel of the Charity in relation to
their roles as Trustees (2023 - £NIL).
10.
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits in relation to their roles as
Trustees (2023 - £NIL).
During the year ended 31 De￿mber 2024. expenses totalling £481 were reimbursed or paid directly to 2
Trustees (2023 - £580 to 2 Trustees)- These expenses were in relation to travel.
See note 23 for details of other amounts paid to a Trustee.
11. Tangible fixed assets
Office
equipment
Cost or valuation
Additions
1.512
At 31 December 2024
1,512
Depreciation
Charge for the year
503
At 31 December 2024
503
Net book value
At 31 December 2024
1.009
At 31 December 2023
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12.
Fixed asset investments
Unlisted
Listed investments
investments
(cash)
Total
Cost or valuation
At 1 January 2024
Additions
11,787,908
2,546,122
(2,414,849)
179,272
412,907
12,200,815
2,546.122
(2,414,849)
179.272
{183,859)
Disposals
Revaluations
Transfers
(183,859)
At 31 December 2024
12,098,453
229,048
12,327.501
Net book value
At 31 December 2024
12,098,453
229,048
12,327,501
At 31 December 2023
11.787,908
412.907
12,200,815
13.
Debtors
2024
2023
Due within one year
Other debtors
Prepayments
24,268
2.086
940
1,024
26,354
1,964
14.
Creditors: Amounts falling due within one year
2024
2023
Other creditors
Accruals
136
52,075
52,567
52,567
52,211
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15. Statement of funds
Statement of funds - current year
Balance at
31
Gainsl December
(Losses)
2024
Balance at 1
January
2024
Transfers
inlout
Income Expenditure
Unrestricted
funds
General Funds -
all funds
12,188,326
433,294
(469,936)
179,272 12,330,956
Endowment
funds
Endowment
Funds - all funds
202,989
(27,879)
175,110
Restricted
funds
Restricted Funds
all funds
{27,879)
27,879
Total of funds
12.391,315
433,294
(497,815)
179,272 12,506,066
Restricted funds must be used in accordance with the Deed of Gift dated 09103122 specifically for the
purposes of providing grants for medical and household aids which enable people living with a disability
or long term illness to live independently in their own home. The Endowment cannot be used to fund any
of the costs of the Florence Nightingale Aid in Sickness Trust operating costs.
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15. Statement of funds {continued)
Statement of funds - prior year
Balance at
31
December
2023
Balan￿ al
1 January
2023
Transfers
inlout
Gainsl
(Losses)
Income Expenditure
Unrestricted
funds
General Funds -
all funds
11,854.418
399,446
(391.735)
326,197 12,188,326
Endowment
funds
Endowment
Funds - all funds
229.658
(26,669)
202,989
Restricted
funds
Restricted Funds
all funds
(26,669)
26,669
Total of funds
12,084.076
399,446
(418,404)
326,197 12,391,315
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
16.
Summary of funds
Summary of funds - current year
Balance at
31
Gainsl December
(Losses)
2024
Balance at 1
January
2024
Transfers
inlout
Income Expenditure
General funds
12,188,326
433,294
(469,936)
179,272 12,330,956
Endowment
funds
Restricted funds
202,989
(27,879)
27.879
175.110
{27,879)
12,391,315
433,294
(497,815)
179,272 12,506,066
Summary of funds - prior year
Balance at
31
December
2023
Balance at
1 January
2023
Transfers
inlout
Gainsl
(Losses)
Income Expenditure
General funds
11,854.418
399,446
(391,735)
326,197 12,188,326
Endowment
funds
Restricted funds
229.658
(26,669)
26,669
202,989
(26,669)
12,084.076
399.446
(418,404)
326,197 12,391,315
17. Analysis of net assets between funds
Analysis of net assets between funds - current period
Endowment Unrestricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Fixed asset investments
1,009
1.009
175,110 12.152,391 12,327,501
230,123
230,123
(52,567)
(52.567)
Current assets
Creditors due within one year
Total
175,110 12,330,956 12,506,066
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
17.
Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior period
Endowment Unrestricted
funds
funds
2023
2023
Total
funds
2023
Fixed asset investments
202,989 11.997,826 12,200,815
242,711
242,711
(52,211)
(52,211)
Current assets
Creditors due within one year
Total
202,989 12.188,326 12,391,315
18.
Reconciliation of net movement in funds to net cash flow from operating activities
2024
2023
Net income for the period (as per Statement of Financial Activities)
114,751
307,239
Adjustments for:
Depreciation charges
Investment income
503
(418,995)
{179,272)
(24,390)
356
(392,476)
(326,197)
{270)
13,945
{Gain)Iloss on investments
(Increase)Idecrease in debtors
Increasel(decrease) in creditors
Net cash used in operating activities
(507,047)
(397,759)
19.
Analysis of cash and cash equivalents
2024
2023
Cash in hand
Current investments
203.769
229,048
240,747
412,907
Total cash and cash equivalents
432.817
653,654
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FLORENCE NIGHTINGALE AID IN SICKNESS TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
20.
Analysis of changes in net debt
At1
January
2024 Cash flows
At31
December
2024
Cash at bank and in hand
240.747
(36.978)
203.769
240,747
(36,978)
203,769
21. Pension commitments
The Charity operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the Charity in an independently administered fund. The pension cost charge
represents contributions payable by the Charity to the fund and amounted to £735 (2023: £687).
Contributions totalling £Nil (2023- £136) were payable to the fund at the balance sheet date and are
included in creditors.
22. Members. liability
Each member of the charitable company undertakes to contribute to the assets of Ihe company in the
event of it being wound up while helshe is a member, or within one year after helshe ceases to be a
member, such amount as may be required. not exceeding £1 for the debts and liabilities contracted before
helshe ceases to be a member.
The members of the Company are its Trustees as listed on page 1.
23. Related party transactions
During the year. Nicola Brooksbank, a Trustee. was paid £3.645 for bookkeeping services (2023:
£3,405). £Nil (2023.. £950) was outstanding at the year end date and is included within current liabilities.
Page 27