2022-03-31-accounts

Illli// Friends of -" Moorfields. //iiiiii%N Eye Hospital Annual Report and Accounts to 31st March 2022

				2022	2022	2022	2021
			Notes	Unrestricted	Restrictedf	Totalf	Total f'
Income end Endowments		from	2
Donations and Legacies				154,586		154,586	299,845
Chantable Activities				71,062		71,062	129,633
Other Trading Activities				67,733		67,733	35,213
Investments				44,785		44,785	35,063
Grants (incl Coronavirus		grants):		145,827		145,827	141,219
Other				67,120		67,120	3,901
Tolal				551,113		551,113	644,874
Expenditure on			3
Support Costs/Raising	Funds			37,378		37,378	26,874
Chadtable Actimties				419,129		419,129	383,495
Total				456,507		456,507	410,369
Net incoming/(outgoing)	resources
before transfers				94,606		94,606	234,505
Net gains on investments			5	30,865		30,865	419,929
Net movement in funds				125,471		125,471	654,434
Funds at 1 April				2,436,199		2,436,199	1,781,765
Funds at 31 March			10	2,561,670	-	2,561,670	2,436,199

						2022	2021
					Notes	Unrestricted	Unrestricted
Fixed assets
Tangible fixed assets					6		285
Investments	including		investment	cash	5	2,439,635	2,422,430
						2,439,635	2,422,715
Current assets
Stocks						17,523	9,245
Debtors						44,032	19,502
Cash at bank and		in	hand			1,245,889	1,132,205
						1,307,444	1,160,952
Creditors:	amounts		falling due	within one year		(185,409)	(147,468)
Net current	assets					1,122,035	1,013,484
Creditors:	amounts		falling dua	after one year		1,000,000	1,000,000
Net assets						2,561,670	2,436,199
Funds
Unrestricted	funds:					2,561,670	2,436,199
Restricted funds:
Total funds					10	2,061,070	2,436, 1611

Friends ofMoorfjetds	Friends ofMoorfjetds
Notes to the accounts
forth year ne esr Merch2022
1	Principal acsounting policies
	The pnnepal accounting policies adopted in the preparation ofthe finanoal statements are		set out
	below snd are unchanged from the previous year.
	(a) Sssis ofaccounting
	The Finanoal Statements have been prepared under the historical cost convention with items
	recognised st coal unless othervnse slated m the relevant note tothese accounts. The Finanrial
	Statements have been prepared in accordance with applicable accounting standards, the	Statement of
	Recommended Practice "Accounting and Reporting by Charities prepanng their accounts	m
	socordance with ths Finanoal reporlmg Standard applicable in the UK and Republic if Ireland (FRS102)
	snd the Chsrriies Act 2011.
	The trustees consider that there are no matenal uncerlamties about the Fund's ability to continue			ssa
	going concern.
	(b) Fund accounting
	(i) Unreslncted funds are available for use at the discretion ofthe trustees in furtherance of			ihe
	general objecgves afthe charity.
	(ii) Designated funds sre unrestriaed funds earmarked by the Trustees for particular	purposes.
	(iii) Restricted funds are subjected to restriuions on their expenditure imposed by the	donor		or
	through Ihe terms ofsn appeal.
	(c) Income
	Ag income is inrriuded in the statement of financial actrvkres when the chanty is entitled to	the income
	and the amount can be quantified with reasonable accuracy. The following specific polioes		are applied
	to particular categories ofmcome.
	(i) Voluntary income is received by way ofgrants, donations and gifts snd is Induced		in full	in the
	Statement of Finanoal Activities when receivable. Grants, where entigement is not		conditional
	on the delivery ofa specriic performanoe by the charity are recogresed when the	charity
	becomes uncondikonaily entided to the grant.
	(2) Donated seniicss snd feolities sre rnduded at the value to the charity where this	csn be
	quantified
	(ix) The value ofservices provided by volunteers has not been included m these accounts.
	(iv) Investment income arises from interest receivable on funds held in interest bearing		bank
	~ccounts snd is mduded when receivable.
	(v) Incoming resources from charitable trading activity am accounted for when earned.
	(vi) Incoming resources fram grants, where related to performance and speofic deliversbles,			are
	accounted for as ths charity same the nght to consideration by its performance.
	(d) Expenditure
	Expenditure is recognmed on an accrual basis asa liability is incurred. Expenditure mdudes		any	VAT
	which cannot be fully recovered.
	(i) Costs ofgenerating funds comprise the costs associated with attracting voluntary	mcome		and
	the costs oftrading for fundreising purposes.
	(2) Chantable expenditure comprises those costs incurred by the charity in the delivery		of its
	activities end services for its benefioanes. It mdudes both casts that csn be agocsled direcdy
	to such activities and those costs ofsn indirect nature necessary to support them.
	(iii) Governance costs include those costs associated with meeting the constitutional	and statutory
	requirements ofthe charity and indude the audit fees and costs linked to the strategic
	management ofthe charity,
	(iv) Ag costs are allocated between the expenditure categories ofIhe SoFA on a baws		designed to
	reflect the use ofthe resource. Casts relating tos particular activity are allocated	direcgy,
	others sre apportioned on en appropnste basis
	(e) Fixed assets
	Tangible fixed assets are written olf aver the expected useful life ofthe asset, at 33'ri per	annum		on
	the straight line method. Items costing over f500ere capilalised.
	(fj Investments
	Fixed asset investments represent listed investments which are stated at market valuation.		Any
	realised gains are accounted for in the Statement of Finanoal Actiuties.

Friends of Moorfielda Cash flow statement for the year ended 31 March 2022
	2022	2021
	Vnrestricted f	Unrestdcted f
Netincome before gains orlosses	94,606	234,505
Reconciled tocash generated from operations
Depreciation	285	1,671
Dividends and interest from investments	(43,072)	(35,063)
Cash oufflow due to increase in stock	(8,278)	7,949
Cash oufflow due to increase in debtors	(24,530)	7,280
Cash inflow due to increase in creditors Cash oufflow from investment cash Cash generated from operations	33,985 5,527 37,941 ~3,3 5 3 5»5533
Cash flows from investing activities
Dividends and interest from investments	43,072	35,063
Proceeds from sale of investments	176,677	138,093
Purchase ofinvestments	(138,642)	(122,900)
Purchase oftangible fixed assets
Increase in cash
Bank balance as at 1April Z021	1,132,205	1,005,780
including investment cash
Bank balance as at21March 20Z2	1,245,889	1,132,205

								2022	2022	2022	2021
								Unrestdctsd	Restncted	Total	Toial
									2	5	2
2	Income and		Endowments				from
							Legacies	154,586		154,586	366,D29
							Donations	71,062		71,062	33,816
					Membership Income			2,642		2,642	2,691
				Fundrsising Activities				1,677		1,677	\ 210
					Income from Shop			67,773		67,773	35,213
	Grants
		NHS		England			jCoronavirus)	42,000		42,000	17,140
		Islington		Council			jCoronavirus)				10,000
							JRSscheme	3827		3,827	14,079
				Moorfields Eye Charity				100,000		1D0,000	100,000
					Investment income			44,785		44,785	35,063
							Other Income	62,761		62,761	29,633
	Total							551,113		551,113	644,874
3	Expenditure		on
	Charitable	activities
							Staff Costs	288 084		288,084	275,200
							Grants	58,447		58,447	32,890
					Project Oriel Grant
					Hospital Shop Stock			39,533		39,533	40,924
		Advertising				and Promotion		1,665		1,665	157
							Os er Cmts	31,400		31,400	34,324
								419,129		419,129	383,495
	Raismg Funds
							Staff Costs	12,004		12 DD4	11,467
		Investment			management fees			13,652		13652	9,666
		Advertising				and Promotion		655		655	1,643
				Legal		and	Consultancy	3,556		3,556	1,570
					Governance costs			458
	Pnor year independent					examination fee		2,505		2,505	2,425
							Audit Fee	4,005		4,005
							Other Costs	543		543	103
								37,378		36,920	26,874

Expenditure by Slrateglc	Expenditure by Slrateglc
Objectives
To	provide an active and diverse
	volunteer programme.	126,090	126,09D	153,972
incl	grant from Moorfieids chanty	I DD 000	100000	100000
		226,090	226,090
Toensure Moorfields has access to
staff and services not normally provided
	by NHS	171,828	171,828	117,019
Toensure	Fnends remains sustainable
	and legismate	51,621	51,621	36,953
Governance	costs, auditlexamination fees	6!168	s,esa	2,425
rorsl		456,507	456,507	410,369

Grants awarded
ounng Ihe year The Friends of Moomelds	swarded	ths fogowlng	grants:
Grant		Pu asset	rant
Arl Programme	El D20	Provision of	Arl end Music around the	hospital
Other Commitments	E31 870	Provision of	Fish Tanks, Flowerheds	Magazines	end Play Therapists.
Tolal Granls Awarded	E32,000

Stocks and shares
Movement in year				2022	202'l
				2
Market value ofinveslmenls	exduding	inveslm snl	cash
At 1 Apnl 2021				2,385,197	1,980,461
Sales proceeds				(176,677)	(130,003)
Purchases of investments				130,642	122,900
Unreattsed gains				29,286	300,47S
Realised gens				1 579	20453
Total investments				2,378,027	2,385,107
Cash				61,8D8	37,233
Market value of investmenls At 31 March 2022	induding	investment	cash	~20836	~2422 0

6	Flxgd Assets
				2022	2021
				Computer	Computer
				equipment	~quipment
				8
	Cost:
	At I April 2D21			5,007	5,007
	Additions
	Wriuen efi
	At 31 March 2022			5,007	5,007
	Depreciatlont
	At I Aprg 2021			4,722	3,051
	Charge for Ihe year			285	1,671
	Al 31 March 2022			5,007	4,722
	Nst BookValue:
	At 31 March 2022				285
	At 31 March 2021			205	1,056
7	Debtors: amounlsfagingduewithin		oneyear
				2022	2021
				E	E
	VAT			17,820	13.322
	Sundry debtors			28,212	0,100
				44,032	10,502
6	Creditofat amounts	falling due within one year
				2022	2021
				2	E
	Grunts and commitments			28,402	28,4D3
	Accounts payable			146,102	111,533
	Sundry creditors and	sccruals		10,815	7,532
				105+00	147,460

Movemen	ts In funds
		science at					lnvestmenf	aafance af
Current year			1-04.21	Incoming		Ourgoi ng	gains	31-03-22
				E				E
Unrestricted	funds	2,436,199		551,113		(456,507)	30,865	2,561,87D
Restricted	fund
Total funds		2,436,199		551,113		(456,507)	30,865	2,581,870
Restricte	fund wss crested as a resuli		ofrecsnang	e grant fram Moorgelds		Eye Charily. The grant was fully		spent in the year
		aerance sl					Investmenf	Balance at
Previous year			1-04-20	Incoming		Ouigoing	gains	31-03-21
				2		E	E
Unrestricted	funds	1,781,765		544,874		(310,369)	419,929	2,436,199
Restncled fund				100000		(100000)
Total funds		1,781,765		644,874		(410,369)	419,929	2,436,199
Staff costs and numbers
						2022	2021
						5	5
Satanas end wages						238,676	249,978
Pensiori						26,844	24,978
Soaal secunty costs						24,281	22,494
						269,801	29'7,450
The average number ofstaff employed		dunng the penod was
No member	ofstaff received emoluments		in excess	of260 ODO during	Ihe year.