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 5ยป5533|| |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.|||| ## ## ## ##