Charity number.. 1160941 FRIENDS OF THE FRIARAGE UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Armstrongwatson, Accountants, Business & Financial Advisers
FRIENDS OF THE FRIARAGE CONTENTS Page Roforon¢o and Admlnl$tr4tiv¢ Dolalls of th• Charilabl• In¢orpor4tod oryanlsatlon. Its Trust888 and Advisors Twstee$' R•port Indepondent Examlnerfs Report Statement of Financial Activities Balance Shggt Not•8 to thè Flnanclal Statsmtnts 8-22
FRIENDS OF THE FRIARAGE REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE INCORPORATED ORGANISATION, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 Trustees S Watson, Co Chaimian Dr A Walters. Co Chairman Prof M Bramble. Trustee D Brearley. Trustee S Lamb, Trustee J Dixon, Tnjstee S Jamieson, Treasurer (appointed 1 October 20231 D Jemyn, Trustee Iresigned 1 September 20231 J Greenwood. Trustee Iresigned 19 September 20231 A C Baker. Trustee I$1ned 21 Apnl 20221 J Scribbins, Trustee lappointed 22 September 2023 L Proud, Trustee K Mel¢alfe. Trustee Charity rggl$tgrgd number 1160941 PrIncI1 offlc• Room 47, Admin 8uilding Friarage Hospital Northallerton North Yorkshire DL6 1JG Accountsnts Armstrong Watson LLP Chartered Accountsnls York House Thomfield Business Park Northallerton North Yorkshire DL6 2XQ Page 1
FRIENDS OF THE FRIARAGE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Trustees present their annual report together wth the financial stslemenls of the charitsble incorporated organisalion Friends of the Friarage for the period 1 April 2022 to 31 Mar¢h 2023. The Trustees ¢onfirm that the Annual Report and financial statements of the chantable in¢orrKirated organisation comply wth the current statutory requirements, the requirements of the charrtable incorporated organisats'on's governing document and the provisions of the Statement of Recommended Practice ISORPI, applicable to charities preparing their accoun15 in accordance th the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (effective 1 January 20191. Objectives and activities a. Policios and obj8ctives The object of the charity is lo relieve patients and fomier patients of the Friarage Hospitsl and Health Cenlres in the Hambleton and Richmondshire district. who are sick. convalescent. disabled. infirm and. generally. lo support the ¢haritable work$ of the $aid Friarage Ho$pitsl and the Healih Centres in the Hambleton and Richmondshire district. b. Actlvltl•s und•rtak•n to a¢hl•vo obJKtIv•s This is achieved by providing a shop serv7ce for the benefit of staff, patients and visitors lo the hospital,. the provision of gifts lo patients and the purchase of essential equipment and facilities as agreèd wrth thè hospital trusL Achlovem8nts and p•rformanc• a. Achlevements During the year the trustees continued with the strategy lo invest the majorty of the available funds in a number of designated projects for the benefit of hospitsl patients and the local community. This year saw the completion of planned expenditure on the Strive Academic cent and the start of discussions wlh the hospital trust lo explore where priorfties lie for investrnent to improve health care al the Friarage Hospitsl in the light of major capital developments on site. Flnanclal rovlew a. Going concorn Followng the restriction on activth'es caused by the Cowd pandemic, the Charity was able to return to business as usual. The shop takings rose steadily as footlall increased. Local supporters demonstrated their support wth a wide range of fundraising activities and the Charity ran a succe5sbJl fundraising ball. The Trustees therefore condude that the Charity has sufficient resources to continue in operab'onal existence for the foreseeable future and continue to adopt the going nCern basis in preparing the financial statements. Page 2
FRIENDS OF THE FRIARAGE TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 b. Reserves policy The provision of fijnds to care for patients and to provide items for specific projects is undertaken when the needs are identified by the Heatth Trust. The rvaerves piCY therefore must be consistent with smoothing the peaks and trough5 of income and expenditure. The Trustees fed that it is prudent to hold free reserves to cover known liabilth'es, potential redundancies and gther costs that may occur in the wnding up of the charity and have identified this sum at £83,500 . As at 31 March 2023, free reserves (unrestricted general fund less tangible fixed assets and stock) of the charity are £471,155 and are above the required reserves level. The Trustees allocated al least £252.262 in the budget for 202>24 for expenditure on items identrfied and requested by departments wthin the Hospital. The 2024-25 budget figure is £200.000 wth an in year ad hoc of £50,000. ¢. Prlnclpal fundlng Apart Irorn the income generated by the shop. the pnncip31 funding sources are those from donations and legacies from the local communty. This by its very nature varies from year lo year. Structurè. govom*nc• and manag•mènt 4. Constltutlon Friends of the Friarage is a Charitsble Inc¢)rporale Organisation ICIOI and is constituted under a Trust Deed wlh registration number 1160941. b. M•thod8 of appolntm•nt or ol•¢tion of Tru$ts•s Members of the management committee vtho are Trustees for the purpose of Charity Law, who have served during the period are set out in the Trustees Report. The committee is elected by Trustees of the Friends and each year one third retire and may be pul forward for rfrelection. New Trustees are actively encoura9ed from the local communrty. c. Flnancial risk managemont The Board of Tnjslees reintroduced meetings in person in 2022-23 after a period of online virtual meetings. Our financial position is reviewed via dedicated finance committee meets'ngs and regular meetings of the full Board of Trustees. In summer 2023 we held a strategy planning day with all trustees. This induded a robust analysis of our current financial p05rtion and intended expenditure. Following a review of income streams in the recent past we have adopted a cautious appToach arml reduced some futuTe income predith"ons. Our intended expenditure 15 wthin our available fvnds. The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the charity and are satisfied that systems and procedures are in place to mitl9ate our exposure lo the major risks. Page 3
FRIENDS OF THE FRIARAGE TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Plan5 for future periods The Charity plans to continue its present activities in the future. Funds are available to meet fijture needs where these have been idenb"fied. In 2023-24 the Charty wll conbnue to work with the Hospitsl Trust lo develop and implement an agreed investment plan. Targeted fundraising is being exored as we seek to develop a partnership with a professional fundraising consultancy. Immediate plans indude a large-scale fundraising challenge for specialist eye surgery equipment while maintaining a range of smaller opportunfo'es that appeal to local community fundraisers. Statsm•nt of Tru$te•$' wponslbilities The Trustees are responsible for preparing the Trustees. Report and the financial statements in accordance wlh applicable law and United Kingdom Accounb"ng Standards (Unrted Kingdom Generally A¢eepted Accounting Praclicel. The law applicable lo charitie5 in England & Wales require5 the Trustees lo prepare financial statemen15 for each financial year bthich give a true and fair View of Ihe state ol affairs of the charitsble incorporated organisalion and of its incomin9 resources and application of fesovrces. including its income and expenditure, for that period. In preparing these financ1 slatemenls, the Trustees are requiied lo.. select suitable accounting policies and then apply them consistenty., observe the methods and princie5 of the Charities SORP IFRS 1021., make judgments and ac¢ounling eslimales that are reasonable and prudent". stsle whether appli¢able UK A¢counling Slandard$ IFRS 1021 have been followed. Subject lo any material departures disclosed ond explained in the financial slalemenls., prepare the financial slalemenls on the going concem basis unless il 1$ inappropriate lo presume that the charitable incorporated organisaknon wll contsnue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable incorpcsraled organisab'on's transactions and disclose with reasonable accuracy at any lime the financial position of the ¢haritsble in¢orporate¢J organisation and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provision5 of the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable incorporated organisation and hence for taking reasonable Ste for the prevention and detection of fraud and other Irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by. S Jamièson Treasurer Dale.. Page 4
FRIENDS OF THE FRIARAGE INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 Independent examiner's report to the Trustees of Friends of the Friarage {Ihe charitable In¢orpoTatsd organisation'l I report to the charty Trustees on my examination of the accounts of the charitable incorporated organisalion for the year ended 31 March 2023. Rasponsibiliti8s and Basis of Report As the Trustees of the charitsble incorporated organisation you are responsible for the pparatiOn of the accounts in a¢¢ordan¢e wth the requirements of the Chantie$ Act 2011 Ilhe 2011 Act'l. I report in respect of my e¥aminabon of the charitsble incorporated organisation's accounts carried out under section 145 of the 2011 Act and In carrying ovl my examination I have followed the appIable Directions given by the Charity Commission under Section 14515llbl of the 2011 A¢L Indèpendent Examlnerfs Statement This report Is made solely Its the charitable Incorw)rated organisalion's Trustees. as a body. in accordance wlh Part 4 of the Charities (Accounts and Reports) Regulation$ 2008. My work has been undertaken so that I might stste to the charitable incorporated organisation's Trustees those matters l am required to stste to them in an Independent Examinerfs Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charitable incorporated organisation and the charitable incorporated erganisation's Trustees as a bo¢Jy. for my Irk or for this report. Signed,, Dated." 22101r2024 Simon Turner IFCCAI Ann$lrong Watson LLP Chartered Accountants Northallerton Page S
FRIENDS OF THE FRIARAGE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Total funds 2022 Income from: Donation5 and legacies Other trading active$ Investments 44.577 171A15 $43 44.577 171,415 $43 153,726 117,666 141 Totsl In¢om• 216.535 216,535 271,533 Expendlture on: Raising funds Charitable aclivrtj'es 187.650 108.948 187,650 110,429 126,188 564,937 Total oxp•ndltur• 296.598 1,481 298,079 691,125 Net oxpenditure before net Ilossesllgalns on inv•stm•nts Nel Ilossesllgains on investments 180.063) 16,140) 11,4811 181,$441 16,1401 1419,5921 12,690 Not movèmènt In funds 186.203) 11,4811 187,6841 1406,9021 R0conclllaOn of fund•: Totsl funds brought forward Nel movement in funds $21.823 186,203) 8,199 11,4811 530,022 187,6841 936,924 1406,9021 Total lund8 carri•d forward 435.620 6,718 442,338 530,022 The Stslemenl of Financial Acts'vrties includes all gains and losses recognised in the year. The notes on pages 8 10 22 forni part of these ffinancial ststemenls. Page 6
FRIENDS OF THE FRIARAGE BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Mote Flx•d assets Tangible assets Investments 7,137 223.096 8,397 229,237 12 230.233 237,634 Currnnt assets Stocks Debtors Cash at bank and in hand 13 14 12.182 8,740 2,660 290,018 241.297 253,479 301,41B Creditors.. amounts falling due wthin one year 15 {41.3741 19,0301 Not current a$8•t8 212.10$ 292,388 Totsl 08$gt$ les$ curr•nl1Sabilitio8 442,338 530,022 Total n•t ass•t¥ 442,338 530,022 Charlty funds Reslricled funds Unrestricted funds 16 16 6,718 435,620 8,199 521,823 Total lund8 442.338 530,022 The financial statements v approved and aulhorised for issue by the Trustees and signed on their behalf by,. S Jamieson Troasurer Date.. The notes on pages 8 10 22 fom) part of these financial ststemenls. Page 7
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies 1.1 Basis of praparation of financial stat8m8nls The financial statements have been prepared in accordance the Charities SORP IFRS 1021- Accounting and Rew)rting by Charrties". Statement of Recommended Practice applicable lo charities preparing their accounts in accordance vth the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 leffe¢live 1 January 20191. the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 and the Charib'es Act 2011. Friends of the Friarage meets the definthon of a public benefft entity under FRS 102. Assets and liabilities are initially recogni5ed at historical cost or transaction value unless olhewse slated in the relevant accountsng policy. 1.2 Fund accounting General fiJnds are unrestricted funds Nthich are available for use at the discreb'on of the Trustees in furtherance of the general objecbves of the charrtable incorporated organisats.on and which have not been designated for other purposes. Restricted lund$ are fund$ vthi¢h are to be used in a¢¢ordan¢e wth spe¢ifi¢ restrictions imposed by donors or which have been raised by the charitable incorporated or9anisation for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each reslricled lund is Sel out In the notes to the financial statements. Investrnenl income, gains and losses are allocated lo the appropriate fund. 1.3 Income All income is recognised once the charitable Incorporated organisation has enlrtlement lo the income, il is probable that the income will be receive<l and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing entidement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement lo a legacy exists vh)en the charitable incorporated organisalion has sufficient evidence that a gift has been left lo them Ilhrough knoe19e of the existence of a valid wll and the death of the benefaclorl an¢J the executor is satisfied Ihal the property in question wll not be required lo satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that rt wll be received and the fair value of the amount receivable. vthich will generalty be the expected cash amount lo be distributed lo the charitable incorporated organisats"on, can be reliably measured. Income lax recoverable in relation lo donations received under Grft Aid or deeds of covenant 19 recognised * the lime of the donalion. Income tax recoverable in rdation to inveslment income is recognised at the b'me the investment income is receivatAe. Page 8
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies {continued} 1.4 Expgnditure Expenditure is recognised once there 15 a legal OT constructive obligation to transfer economic benefit lo a third party. il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation Can be MeaSud reliably. Expenditure is da$sified by a¢b'vity. The costs ol each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each aciivity. Direct costs aitributable to a single activity are allocated directly lo that activity. Shared costs which contnbute lo more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis con51s1enl wlh the use of resources. Central stsff costs are allocated on the basis of tsme spent, and depreciation charges allocated on the poOn of the asset's use. Expenditure on raising funds indudes all expendrture incurred by the charitable incorporated organisation to raise funds for rts charrtable purposes and includes costs of all fundraising activities even15 and nornv¢hantsble trading. Expenditure on charitsble activits'es is incurred on direcuy undertaking the aclivrties which further the charitable incorporated organisation's objectives, a$ well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 1.5 Tanglblo flX a••ots and d•proclatlon Tangible fixed a$set$ are initialty re¢ognised at cost. After recognition, under the ¢ost model, tangible rixed assets are measured at cost less accumulated depreciabon and any accumulated impairment 105ses. All costs incurred lo bring a tangible fixed asset into ils intended working condition should be induded in the measurement of cL A review for impaim)enl of a fixe<l asset is carrie{1 out il events or changes in circumstances indicate that the rryIng value of any fixed asset may not be recoverable. Shortfalls beeen the carrying value of fixed assets and their recoverable amounts are reco9nised as impaimient5. Impairment 105ses are recognised in the Statement of financial ath"vities. Depreciation is charged so as to allocate the cost of tangib fixe(1 assets less their residual value over their estimated useful lives, on a redu¢ing balan¢e basis. Oeprecialion is provided on the followng basis.. Fixtures and fittsngs 15% reducing balance 1.6 Invostmgnts Fixed asset investrnents are a form of financial inslrument and are initially recognised at their transaction c05t and subsequenuy measured al fair value at the Balance Sheet date, unless the value cannot be measured reliably In which Case rt is MeaSud al cost less impairment. Investment gains and losses. vA)elher realised or unrealised. are Combineil and presented as 'GainsllLossesl on investments, in the Ststement of Financial Activibes. Investments held as fixed assets are shovm at cost less provision for impairnient. 1.7 Stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow•moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variae overheads. Page 9
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies {continued} 1.8 Interest rncaivablg Interest on funds held on deposit 15 inclLKled Nthen receivable and the amount can be measured reliably by the chantsble incorporated organisalion". this is normally upon nolificab.on of the Inteiesl paid or payable by the instslution wth %thom the fvn¢J$ are deposrted. 1.9 Oebtors Trade and other debtors are leniSed at the setuemenl amount after any trade discount offered. Prepayments are valued al the amount ppa nel of any trade discounts due. 1.10 Cash at bank and in hand Cash al bank and in hand includes cash and short-term highly liquid investments wrth a short maturity of three months or less from the dale of a¢quisib"on or opening of the deposit or similar account. 1.11 Llabllltles and provlslons Liabilities are recognised when there is an obligabon at the Balance Sheet date as a result of a past event, it 15 probable that a transfer of economic benefit wll be required in settlement, and the amount of the settlement can be estsmaled reliably. Liabilities are recognised al the amount that the charitsble incorporated organisation anlicipales il wll pay to settle the debl or the amount il has re1Ve as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required lo settle the obligation. Where the effect of the time value of money is malenal. the provision is based on the present value of those amounts, discounted at the pr&lax discount rale that reflects the risks specrfic lo the liability. The unwnding of the discount is rewnised in the Slatemenl of Financial Aclivits'e$ as a finance cost. Page 10
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Income from donations and legacies Unr¢strl¢t¢d funds 2023 Total funds 2023 Donations Similar incoming resources 27,790 16,787 27.790 16.787 Totsl 2023 44,577 44.577 Unrestricted funds 2022 Total funds 2022 Donations Legacies Similar inwming resour 107,624 44,948 954 107,824 44,948 954 Totsl 2022 153,726 153,726 Shop perfomianc• 2023 2022 Shop and Trolley income 171,399 117,666 Other InMe and interest 275 Totsl income 171,674 118,510 Wages 131,9651 126,9801 Purchases 1133.1951 187,4651 Other expense3 (7,2461 {7,6741 Totsl expenses 1172.4061 1122,1191 Shop Ideficitl 17311 13,6091 Page11
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Income from charitable activities Income from fundraising events Unrnstrict8d funds 2023 Total funds 2023 Shop and trolley income 171,415 171,41S Unrestricted funds 2022 Total funds 2022 Shop and trolley income 117,666 117,666 Invo8tm•nt Incom• Unrnstrictod funds 2023 Total funds 2023 Business base tracker account 543 $43 Unrestricted funds 2022 Total funds 2022 Busine$9 base tracker a¢¢ounl 141 141 Page 12
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Expenditure on raising funds Unrnstrict8d funds 2023 Total funds 2023 Purchases shop and trolley Staff costs Accountancy shop and trolley Maintenan¢e shop and trolley Postage and stationery 124,107 59,397 100 3,379 667 124,107 59.397 100 3,379 667 187,650 187,650 Unreslri¢led funds 2022 Total funds 2022 Purchases shop and trolley Staff costs Accountaney shop and trolley Maintenance shop and trolley Postage and stationery 89,193 33,494 99 2,809 593 89,193 33,494 99 2,809 593 126,188 126,188 Page 13
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysis of expenditure on charitable activities Summary by fund type Unr8strict8d R8strict8d funds funds 2023 2023 Total 2023 Friends of the Friarage expenses Donations for hosprtal 108,948 108,948 1.481 1,481 108,948 1,481 110.429 Unrestricted funds 2022 Total 2022 Friends of the Friarage expenses 564,937 564,937 Summary by •xp•ndltur• typ• Stsff Costs D•preclatlon Other ¢o$ts 2023 2023 2023 Totsl 2023 Frfends of the Friarage expenses Donations for hosprtal 13,252 1,259 94,437 1,481 108.948 1,481 13.252 1,259 95,916 110.429 Stsff costs Depreciation Other costs 2022 2022 2022 Total 2022 Frient15 of the Friar8ge expenses 11.128 1,481 552,32B 564,937 Page 14
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysis of expenditure by activities Support costs 2023 Total funds 2023 Friends of the Friarage expenses Donations for hospbtal 108,948 1,481 108,948 1,481 110,429 110.429 Support costs 2022 Total funds 2022 Frfends of the Friarage expenses 564,937 564,937 Analy818 of Support costs Total funds 2023 Total funds 2022 Depreciab'on Accountancy fees Legal and professional Payments to hospit Computer costs Sundry costs Bank charges Advertising and marketing Printing and stationery IT software and ¢onsumables Telephone Insurance General costs Governance costs 1.259 7.692 1.020 67,736 1,481 8,2B7 529,480 1,125 1,702 1,458 5,571 1,461 72 3.237 1.528 6,586 787 359 1,235 1.564 4.174 13.2S2 585 1,551 3,036 110.429 564,937 Page 15
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Staff costs 2023 2022 Administrator salary Shop & trolley staff costs 13,252 61.521 33,494 74,773 44,622 The name of the secretary vtho weived a salary is Mrs C Curry is not a Trustee of the chartsble incorporated organisation. The average number of persons employed by the charitable incorporated organisation during the year was as follows.. 2023 No. 2022 No. Staff numbers No employee received remuneration amounting to more than È60.000 in erther year. 10. Trust•es' r•mun8ratlon and •xpenses During the year, no Trustees received any remuneration or olher benefits12022 - £NILI. During the year ended 31 March 2023, no Trustee expenses have been incurred12022- £NILI. Page 16
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 11. Tangible fixed assets Flxtur•$ and fltting$ Cost OT valuatlon At 1 April 2022 60,49S Al 31 March 2023 60.495 D8pr8ciation Al 1 April 2022 Charge for the year 52.098 1.260 At 31 March 2023 53,3S8 Ngt book valug Al 31 March 2023 7.137 Al 31 March 2022 8,397 Page 17
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 12. Fixed asset investments Ll$tod Invo$tmgnts Cost OT valuatlon At 1 April 2022 Impairment 229.237 16,1411 Al 31 March 2023 223,096 Not book valu• Al 31 March 2023 223.096 Al 31 March 2022 229,237 The fixed agset investments relate to an invesknent portfolio managed by Barclays Bank UK PLC. Page 18
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 13. Stocks 2023 2022 Finished goods and goods for resale 12,182 8,740 14. Debtors 2023 2022 Due within one yoar Other debtors 2,660 2,660 15. Credltorn: Amounts falllng duo wlthln onfr yoar 2023 2022 Trade creditors Other taxation and social securty Accruals and deferred inwme 1.813 886 38,676 3,407 2,593 3,030 41.374 9,030 Page 19
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 16. Statement of funds Statsment of funds - current year Balanc8 at 31 March 2023 Balancè at 1 April 2022 Gainsl {Lossesl Income Expenditure Unrestrl¢t¢d fvnds Reserves 521,823 216,S3S {296,5981 {6,1401 435,620 R•8trfctsd funds The Rutson fund Ambulatory care fund Respiratory department fund 7,074 1.050 75 {1,4811 S,S93 1.OSO 75 8.199 {1,4811 6,718 Total of funds 530,022 216,535 {298,0791 16,140 442,338 Slat8m•nt of fund$ - prlor ygar Balance at 31 March 2022 Balance at 1 April 2021 Gainsl (Losses) Income Expenditure Unrestrlctod funds Reserves 928.724 271,$34 {691,125) 12,690 521,823 Rostrictsd funds The Rutson fund Ambulatory care fund Respiratory department fund 7,074 1,050 75 7,074 1,050 75 8,199 8,199 Total of fun(ts 936,923 271,534 1691,125) 12,690 530,022 Page 20
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 17. Summary of funds Summary of funds- curTent year Balanc8 at 31 March 2023 Balancè at 1 April 2022 Gainsl {Lossesl Income Expenditure General funds Restricted fvnds 521,823 8,199 216,S3S {296.5981 {1.4811 16.1401 435.620 6,718 530.022 216.535 {298,0791 16.1401 442.338 Summary of funds. prfory•ar Balance at 31 March 2022 Balance at 1 April 2021 Gainsl ILos5esl Income Expenditure General funtjs Restricted fvnds 928,724 8,199 271,534 1691,125) 12,690 521,823 8,199 936.923 271.$34 1691,125 12,690 530,022 Page21
FRIENDS OF THE FRIARAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 18. Analysis of net assets between funds Analysis of net assets betvRen fund5- current year Unrnstrictad R8strict8d funds funds 2023 2023 Total funds 2023 Tangible fixed assets Fixed asset investments 7,137 223,096 246,762 141,3751 7.137 223,096 253.480 141.3741 Current assets Creditors due wthin one year 6,718 Total 435,620 6,718 442,338 Analys1* of not assots beton fund#- prfor year Unfestricled funds 2022 Restricted funds 2022 Total funds 2022 Tangible fixed assets Fixed asset investments Current assets Creditors due wthin one year 8,397 229,237 293,219 {9,030) 8,397 229,237 301,418 19,0301 8,199 Totsl 521,823 8,199 530,022 19. Rolatsd party transactions There have been no related party transactions during the year. Page 22