OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

Registered Company Number: 08713676 (England and Wales) Registered Charity Number: 1165881

Guy’s & St Thomas’ Hospital Kidney Patients’ Association

(a company limited by guarantee)

Report of the Trustees and Financial Statements

Year ended 31[st] March 2021

Guy’s & St Thomas’ Hospital Kidney Patients’ Association Contents for the year ended 31st March 2021

PAGE
Reference and administrative information 3
Report of the trustees 4-9
Independent examiner’s report 10
Statement of financial activities 11
Balance sheet 12
Notes to the financial statements 13-20

Guy’s & St Thomas’ Hospital Kidney Patients’ Association Reference and administrative information for the year ended 31[st] March 2021

Registered Charity Number: 1165881
Registered Company Number: 08713676
(England and Wales)
Registered Offices: Renal Offices
6thFloor, Borough Wing
Guy’s Hospital
Great Maze Pond
London SE1 9RT
Trustees: Ms Susan Lyon
Mrs Sonia Moorhouse
Mrs Teresa Durkin
Mr George Brown
Mr John Ogilvie
Independent Examiners: Avraam Associates Limited
Chartered Accountants
Statutory Auditors
495 Green Lanes
Palmers Green
London N13 4BS
Bankers: National Westminster Bank PLC
Charities Official Investment Fund

Guy’s & St Thomas’ Hospital Kidney Patients’ Association Report of the Trustees for the year ended 31[st] March 2021

The Trustees, who are also directors of the charitable company for the purposes of the Companies Act 2006, present their report with the financial statements for Guy’s & St Thomas’ Kidney Patients’ Association (the Charity) for the year ended 31[st] March 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1[st] January 2019). The Trustees have complied with the duty in section 4 of the Charities Act 2011 to have due regard to guidance published by the Charity Commission regarding Public Benefit.

Structure, Governance & Management

Governing Document

The organisation is a charitable company limited by guarantee, incorporated on 1[st] October 2013. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and its governing under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1 each. The Charity was dormant until 1[st] September 2018 when it took over the assets and operations of Guys and St Thomas’ Kidney Patients Association (charity number 285086).

Trustees Executive Committee and Management Committee

The directors of the company are also charity trustees for the purposes of charity law and are known as members of the Executive Committee. Under the requirements of the Memorandum and Articles of Association the members of the Executive Committee are elected to serve for a period of three years. No one person may serve as Chair for more than three years, without re-election.

In addition to the Executive Committee, there is a Management Committee which consisted of 13 nonTrustee committee members. The Management Committee does not have powers to make decisions on behalf of the charitable company. The Trustees meet 5 times each year, the Management Committee meets 5 times each year including the Annual General Meeting. The following were trustees or members of the management committee at the date of transfer and at the time this report was approved and served throughout the year, except where shown:

Trustees and Executive Committee Susan Lyon – Chair John Connor – Vice Chair (appointed as Trustee 8[th] May 2021) Teresa Durkin – Secretary Sonia Moorhouse George Brown John Ogilvie Other Committee Members John Addison Adisa Akintola Margaret Clare Yvonne Dixon Omolara Fasegha Charles Jaja Mr Nicos Kessaris Nicola Ibe (appointed January 2021) Nicholas Palmer Julet Purchas-Tejan (deceased October 2020) Dr Manish Sinha Janice Stephens (Treasurer) Joao Teixera (appointed February 2021) Ros Tibbles (resigned 31st December 2020)

Guy’s & St Thomas’ Hospital Kidney Patients’ Association Report of the Trustees for the year ended 31st March 2021 (continued)

Recruitment & Induction of New Members

Recruitment of new committee members takes place from time to time if existing members stand down. The Executive Officers endeavour to ensure that new recruits bring additional skills or experience in order to maintain the balance of the committee.

Risk Management

The Trustees have considered the major risks to which the charity is exposed and have reviewed those risks and established systems and procedures to manage those risks.

The Trustees consider a key risk is the competitive market for charities and have been refreshing the fundraising strategy to ensure the charity will continue to receive income to enable it to meet its objectives. The charity has updated and improved its website and has reviewed its processes to ensure it complies with the new GDPR legislation.

The Charity’s major operational risk is to ensure that it has appropriate controls in place. The Trustees have reviewed the adequacy of the Charity’s current internal controls. This review confirms that the Charity’s internal financial controls, in particular, conform to guidelines issued by the Charity Commission. The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss. They include:

The Trustees have considered the risks to the Charity due to the Covid-19 pandemic and do not believe this represents a risk to the status of the Charity as a going concern. In setting its budget plan for 2021/22 the Trustees considered a number of scenarios for future income and costs. The Charity has an established reserves policy and considerable free reserves. In addition the Daniel Panormo restricted fund could be utilised for a wide range of projects within its restrictions. The Charity has minimal fixed costs and would be able to adjust grant making should there be a sustained reduction in income.

Objectives and activities for the public benefit

The principle objects of the Charity relate to the patients of Guy’s & St Thomas’ NHS Foundation Trust (the Hospital) and are to promote the welfare of patients of Guy’s and St Thomas’ Hospital and their satellite units and the Evelina London Children’s Hospital, who are suffering from kidney disease or kidney failure and to support research at Guy’s and St Thomas’ Hospital.

Public Benefit

The charitable objects of the Charity are set out above and centre on support for kidney patients of the Hospital. The Hospital, as an NHS Foundation Trust, provides free healthcare at the point of delivery for members of the general public seeking relief from sickness. The adult and children’s Kidney Service provides care to circa 3,000 patients of all ages who are suffering from chronic kidney disease, 2,000 of whom are receiving renal replacement therapy through either a transplant or dialysis. As a specialist Kidney Centre the Hospital also undertakes research, with academic institutions, into kidney related diseases and treatment to improve care and outcomes for current and future patients.

Guy’s & St Thomas’ Hospital Kidney Patients’ Association Report of the Trustees for the year ended 31st March 2021 (continued)

The Charity meets its objects through providing grants to improve the lives of patients. It achieves this by providing a range of grants including funding social activities for patients and their families on dialysis, supporting attendance at the British Transplant Games by adults and children who are patients at the Hospital. It also promotes awareness of organ donation and seeks to raise awareness of chronic kidney disease. Where funds permit it supports research projects at the Hospital and associated academic institutions in relation to chronic kidney disease and transplantation.

The Trustees have reviewed guidance from the Charity Commission in relation to Public Benefit when setting aims and objectives and terms of its grant giving policy and believe they have complied with the duty to have due regard this guidance.

Achievements and Performance

During the year the charity maintained its financial position, ensuring that grant commitments are affordable within its expected annual income and free reserves. The Charity is pleased to report the following achievements following grants made or activities undertaken during 2020/21:

Patient support

Due to Covid19 many or the activities and events the Charity normally supports were not able to go ahead. This included the Transplant games, KPA Family Fun Day and Dialysis Unit parties and social events.

The Charity committed grants totalling £4,597 to the Dialysis Units and Renal Wards at the Hospital. Units were not able to organised parties or social events and the grants were used to buy Christmas gifts for patients. One unit organised bingo with buffet food for patients. Christmas cards were purchased for patients costing £438. A grant of £3,350 was awarded to the Hospital to fund blood pressure machines to be used by patients at home. Restricted donations of £5,426 were received to be granted to Professor Dorling for his ongoing research to improve transplant outcomes.

Other activities

During the year the Charity also undertook the following activities:

The charity is indebted to patients, their friends and family and Hospital staff who donate their time to raise money for the Charity.

Guy’s & St Thomas’ Hospital Kidney Patients’ Association Report of the Trustees for the year ended 31st March 2021 (continued)

Plans for the Future

The Charity will continue to raise funds to support kidney patients at the Hospital through a variety of means. Following expenditure in recent years, free reserves stood at £180,126 (2020: £114,584), with the Charity Reserves policy being £53,250. The Charity plans to commit further charitable grants in order to continue to reduce the level of free reserves.

As restrictions ease, the Charity will continue to support patients through grants to the Dialysis Units, and for attendance at the British Transplant Games. Following the success of previous Fun Days the Trustees had hoped to be able to run a further event that was to be organised in summer 2021 but this was cancelled in light of the Covid19 pandemic.

The Charity plans to continue to grow its brand on social media, connecting with a wider audience through a greater presence on Twitter and Facebook and is currently recruiting for a social media volunteer.

The Charity had five Gold Bond places in the London Marathon 2021, which was deferred to October 2021. Ride London 2020 was cancelled.

Raising awareness of kidney disease and organ donation remains a key objective and the Charity will work with the Hospital and other related charities to host information stands wherever possible.

For all of these plans to be successfully delivered, the Charity works in partnership with kidney patients, their families/carers, kidney staff and the Hospital.

The Risk Management section sets out the assessment of the risks to the Charity as a result of the Covid19 pandemic and the mitigations in place to deal with any reduction in donations and income should they arise.

Financial Review

The Charity sets a budget for each year of expected income and planned expenditure. The Charity’s income is derived from voluntary donations by patients, their relatives and friends, and through sponsored events. Total income for the year to 31[st] March 2021 was £91,687 (2020: £41,636) which includes legacy income of £69,639. The remainder includes income from sponsored events, in memory giving alongside investment income and gift aid. Income from events such as the London Marathon was lower than in previous years due to Covid19. Total expenditure for the year was £16,732 (2020: £55,860), which was also less than budget because of Covid19. Overall £74,955 was added to reserves (2020 reduction of £14,224). The Trustees remain committed to continuing to reduce free reserves.

Reserves Policy

The Trustees have agreed a reserves policy to maintain unrestricted free reserves of £53,250 (2020: £53,250) to enable it to meet regular grants as well as to finance governance and administrative costs for eighteen months. The charity ended the period with free reserves of £180,126 (2020: £114,584) and has been discussing how this can be committed to bring its reserves back down to its reserves policy whilst being mindful of uncertainty caused by the Covid-19 pandemic.

Guy’s & St Thomas’ Hospital Kidney Patients’ Association Report of the Trustees for the year ended 31st March 2021 (continued)

Grant Commitments

During the year all grant commitments made were reflected within expenditure. The Charity finished the year with £10,365 of commitments not yet paid (2020: £17,390). The Charity has no other grant or other commitments which have not been reflected in the accounts.

Designated Fund

The Trustees have established a principle that around 10% of any substantial unrestricted donation would be set aside into a designated fund for research, and the Charity intends to continue with this. This could be awarded to support small research projects at the Hospital. During the period the Charity received a legacy of just over £59,000 and designated £5,900 towards research. (2020: nil)

Restricted funds

At 31[st] March 2021 the Charity had restricted funds of £603,219 (2020: £599,706). Of this £500,222 relates to a restricted bequest to Guy’s & St Thomas’ Kidney Patients Association (charity number 285086) by Miss Maureen Currie, in memory of Dr Patricia Currie, for the purchase of portable kidney dialysis machines. That charity completed commitments to assist patients with home haemodialysis through a grant to fund a specialist nurse in previous financial years. The Charity is discussing with the Hospital how to commit the remainder of this legacy to achieve the maximum benefit and meet its restrictions in light of the market for such equipment and research developments on the horizon for such treatment. Details of other restricted funds are set out in Note 9 including the restrictions on their use.

Bank Accounts

The Charity has two bank accounts; a current account with National Westminster, through which day to day income and expenses are managed, and the COIF Charities Deposit Fund which earns a higher rate of interest and where donations are held ahead of grants and commitments being paid. All cash at bank is held in instant access accounts.

Related Parties

The Charity has no related parties. However, it does work in partnership with a number of organisations in pursuit of its objects, all of whom are separate legal entities. These are Guy’s & St Thomas’s NHS Foundation Trust (the Hospital), the National Kidney Federation, Kidney Care UK and other Kidney Patient Associations.

Guy’s & St Thomas’ Hospital Kidney Patients’ Association Report of the Trustees for the year ended 31st March 2021 (continued)

Statement of Trustees Responsibilities

The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the Charity for that period. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to 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 the prevention and detection of fraud and other irregularities.

So far as the Trustees are aware, there is no relevant information of which the charitable company’s independent examiners are unaware, and each Trustee has taken all the steps they ought to have taken as a Trustee in order to make them aware of any relevant information and to establish that the charitable company’s independent examiners are aware of that information.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Independent Examiners Report

This report has been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small entities. Avraam Associates Limited were appointed independent examiners and have expressed their willingness to continue in office and a resolution proposing their reappointment will be submitted at the forthcoming Annual General Meeting

28 November 2021 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

Susan Lyon - Trustee

Guy’s & St Thomas’ Hospital Kidney Patients’ Association Independent examiner’s report for the year ended 31st March 2021

Independent examiner’s report to the trustees of Guy’s and St Thomas’ Hospital Kidney Patients’ Association (‘the Company’)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31[st] March 2021.

Responsibilities and basis of the report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charites Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiners statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Costas L Avraam ICAEW Avraam Associates Limited 495 Green Lanes Palmers Green London N13 4BS

30 November 2021 Date: ..................................

Guy’s & St Thomas’ Hospital Kidney Patients’ Association Statement of Financial Activities (incorporating income and expenditure account) for the year ended 31st March 2021

Note Unrestricted Funds Restricted Income 2021 Total 2020 Total
Funds
£ £ £ £
Incoming Resources
Incoming Resources From Generated
Funds:
Voluntary Income 3 85,604 5,449 91,053 36,609
Activities For Generating Funds 3 - - - 464
Investment Income 3 144 490 634 4,563
Total Incoming Resources 85,748 5,939 91,687 41,636
Resources Expended
Cost Of Generating Voluntary Income 4 512 - 512 4,345
Charitable Activities 4 9,308 2,426 11,734 45,675
Governance Costs 4 4,486 - 4,486 5,840
Total Resources Expended 14,306 2,426 16,732 55,860
Net (Outgoing)/Incoming Resources
Before Transfers		 71,442 3,513 74,955 (14,224)
Gross Transfers between Funds - -
 - -
Net Movement in Funds 71,442 3,513 74,955 (14,224)
Total Funds Brought Forward 9 167,834 599,706 767,540 781,764
Total Funds Carried Forward 9 239,276 603,219 842,495 767,540

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

The notes on pages 13 to 20 form part of these financial statements.

Guy’s & St Thomas’ Hospital Kidney Patients’ Association Balance Sheet as at 31st March 2021

Note Unrestricted Funds Restricted Funds As at 31st March As at 31st March
2021 2020
£ £ £ £
CURRENT ASSETS
Debtors 7 3,790 - 3,790 2,352
Cash At Bank 249,451 603,219 852,670 786,540
253,241 603,219 856,460 788,892
LIABILITIES
CREDITORS: Amounts Falling Due Within 8 13,965 - 13,965 21,352
One Year
NET CURRENT ASSETS 239,276 603,219 842,495 767,540
TOTAL ASSETS LESS TOTAL LIABILITIES 239,276 603,219 842,495 767,540
FUNDS OF THE CHARITY
Unrestricted Income Funds 9 233,376 - 233,376 167,834
Designated Income Funds 9 5,900 - 5,900 -
Restricted Income Funds 9 0 603,219 603,219 599,706
TOTAL FUNDS 239,276 603,219 842,495
767,540

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31[st] March 2021.

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31[st] March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for:

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.

28 November 2021 The financial statements were approved by the board of trustees on ............................................. and were signed on its behalf by:

................................................ Susan Lyon - Trustee

The notes on pages 13 to 20 form part of these financial statements

Guy’s & St Thomas’ Hospital Kidney Patients’ Association Notes to the financial statements for the year ended 31st March 2021

1. Basis of Preparation

We have set out in the Report of the Trustees a review of the financial performance and charity’s reserves position. We have adequate resources and are well placed to manage the business risks. Our planning process, including financial projections, has taken into consideration the current economic climate and its potential impact of the various sources of income and planned expenditure. We have a reasonable expectation that we have adequate resources to continue in operational existence for the foreseeable future. We believe that there are no material uncertainties that call into doubt the Charity’s ability to continue. The financial statements have therefore been prepared on the basis that the charity is a going concern.

The financial statements of the Charity, which is a public benefit entity under FRS102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1[st] January 2019)’, Financial Reporting Standard 102 ‘The Financial reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

2. Accounting Policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year with the following exceptions. The presentation currency of the financial statements is the Pound Sterling (£).

a) Fund Accounting

General income funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Designated income funds are unrestricted funds which have been designated for a specific purpose by the Trustees. Unrestricted income funds can be transferred to the restricted fund where there is a shortfall in funds; however, this is not available vice versa.

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 cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund are set out in the notes to the financial statements.

b) Incoming Resources

Income is recognised in line with the following treatment:

Guy’s & St Thomas’ Hospital Kidney Patients’ Association Notes to the financial statements for the year ended 31st March 2021

c) Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred, where a legal or constructive obligation commits the charity to paying out resources. Expenditure includes any VAT which cannot be recovered, and the VAT is reported as part of the expenditure to which it relates:

d) Charitable Grants

Charitable grants made by the charity are committed to expenditure once a constructive obligation is made; a decision by the Trustees to award a grant is treated as a commitment and is charged to expenditure with a corresponding liability created. This commitment is released once the grant is paid.

e) Tangible Fixed Assets and Depreciation

The charity does not own any tangible fixed assets.

f) Taxation

The Charity is entitled to exemption from corporate taxation on its charitable activities.

Guy’s & St Thomas’ Hospital Kidney Patients’ Association Notes to the financial statements for the year ended 31st March 2021 (continued)

3. Incoming Resources Incoming Resources
Unrestricted Funds Restricted Funds 2021 Total 2020 Total
£ £ £ £
Voluntary Income
Donations 11,039 4,564 15,603 20,652
Sponsored Events 2,790 - 2,790 11,008
Legacies 69,639 - 69,639 1,000
Gift Aid Receivable 2,136 885 3,021 3,949
85,604 5,449 91,053 36,609
Activities For Generating Funds
Sale of Christmas Cards - - - 283
Fun Day Income - - - 181
- - - 464
Investment Income
Investment Income 144 490 634 4,563
144 490 634 4,563
Total Incoming Resources 85,748 5,939 91,687
41,636

Guy’s & St Thomas’ Hospital Kidney Patients’ Association Notes to the financial statements for the year ended 31st March 2021 (continued)

4. Total Resources Expended

Unrestricted Funds
Restricted Funds
2021 Total
2020 Total
£
£
£
£		 Unrestricted Funds
Restricted Funds
2021 Total
2020 Total
£
£
£
£
Cost Of Generating Voluntary Income
Fundraising Costs
362 -362461
Event Registration Fees
150 -1503,722
Promotional Material
- --162
512 -5124,345
Charitable Activities
Grants for Patients
Transplant Games
- --10,000
Grants to Dialysis Units and Wards
4,597 -4,59712,503
Family Fun Day
123 -1233,020
Christmas Cards for Patients
438 -438-
Kidney Talk Newsletter
800 -8001,502
Renal Memorial Service
- --80
Renal Dermaology Meeting
- (3,000)(3,000)3,000
Art Services in Dialysis
- --415
Blood Pressure Machines
3,350 -3,350-
Grants for Research
Professor Dorling Research
- 5,4265,4265,137
Mr Pankaj Chandak - transplant
outcomes )19/20)
- --4,890
Ms Hannah Maple - Quality of Life
(19/20)
- --4,428
Grants to promote CKD & Organ
Donation
Round the Island Race
- --700
9,308 2,42611,73445,675
G overnance Costs
Independent Examiner's Fees
3,600 -3,6003,600
Insurance
873 -873863
Bank Charges
- --36
Legal and Secretarial costs
13 -131,341
4,486 -4,4865,840
Total Resources Expended
14,306
2,426
16,732
55,860

Guy’s & St Thomas’ Hospital Kidney Patients’ Association Notes to the financial statements for the year ended 31st March 2021 (continued)

5. Details of certain items of expenditure

a) Employees

There were no employees during the period and as a result, there are no employees who received employee benefits (excluding employer pension costs) of more than £60,000 (2020-nil).

b) Trustee Remuneration and related party transactions

No remuneration or other benefits were paid to the Trustees during the year (2020-nil). One Trustee was reimbursed for expenses of £13 incurred on behalf of the Charity (2020: £771).

No Trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year (2020-nil).

c) Independent Examiner’s Remuneration

Independent examiner’s remuneration for the year was £3,600 (2020; £3,600).

6. Grant Making

The Charity made the following grants during the year:

Grant making £ Purpose
Dialysis Unit Parties and Events 4,597 Parties and events for dialysis unit patients
Research by Professor Dorling 5,426 Restricted donations for Professor Dorling's research work
Christmas Cards for Patients 438
Blood Pressure Machines 3,350

7. Debtors

Unrestricted Funds Restricted Funds 2021 Total 2020 Total
£ £ £ £
Debtors
Gift Aid Receivable 3,783 - 3,783 2,070
Other Debtors 7 - 7 282
3,790 - 3,790 2,352

Guy’s & St Thomas’ Hospital Kidney Patients’ Association Notes to the financial statements for the year ended 31st March 2021 (continued)

8. Creditors: Amounts Falling Due within one year

Unrestricted Funds Restricted Funds 2021 Total 2020 Total
£ £ £ £
CREDITORS: Amounts Falling Due Within
One Year
Trade Creditors 3,600 - 3,600 3,912
Other Creditors - - - 50
Grant Commitments 10,365 - 10,365 17,390
13,965 - 13,965 21,352
Unrestricted Funds Restricted Funds 2021 Total 2020 Total
£ £ £ £
Commitments
Brought forward commitments 11,578 5,812 17,390 18,760
Grant Commitments in year 8,385 2,426 10,811 41,153
Grants paid in year (9,598) (8,238) (17,836) (42,523)
Commitments carried forward 10,365 - 10,365 17,390

Grant commitments not yet paid at the end of the year include £2,937 for Dr Benedict Phillips Research Project, £3,000 for the end of life project and £4,428 for Hannah Maple’s research project. The Charity expects that the projects will progress during 2020/21 to enable the commitments to be paid.

9. RESTRICTED INCOME FUNDS

a) Funds held

The Charity held the following restricted income funds during the year for the following purposes and restrictions

restrictions
Restricted Income Funds Type Purpose and Restrictions
Maureen Currie Legacy Fund Restricted Income Purchase of portable dialysis equipment
New Cross Dialysis Unit Fund Restricted Income Patient activities and events at the New Cross Dialysis Unit
Holiday Fund Restricted Income For patient holidays for renal patients
Transplant Patients Fund Restricted Income To support Transplant Patients
Research Fund Restricted Income For Research
Psychological Support Fund Restricted Income For psychological support for patients
Daniel Panormo Fund Restricted Income Projects for the benefit of renal patients
Tunbridge wells Dialysis Unit Fund Restricted Income For Tunbridge Wells Dialysis Unit
Renal Dermatology Meeting Restricted Income For the Renal Dermatology Meeting

Guy’s & St Thomas’ Hospital Kidney Patients’ Association Notes to the financial statements for the year ended 31st March 2021 (continued)

b) Movement in funds

The movements in funds are set out below

1st April 2020 Incoming Resources Outgoing Resources 1st April 2020 Incoming Resources Outgoing Resources 1st April 2020 Incoming Resources Outgoing Resources At 31st March
2021
£ £ £ £
Unrestricted Fund :
General Funds 167,834 79,848 (14,306) 233,376
Designated Research Fund - 5,900 - 5,900
Total Unrestricted Fund 167,834 85,748 (14,306) 239,276
Restricted Fund:
Maureen Currie Legacy Fund 499,815 407 - 500,222
New Cross Dialysis Unit Fund 3,062 3 - 3,065
Holiday Fund 1,022 1 - 1,023
Transplant Patients Fund 2,015 2 - 2,017
Research Fund - 5,426 (5,426) -
Psychological Support Fund 5,059 4 - 5,063
Daniel Panormo Fund 88,733 72 - 88,805
Tunbridge wells Dialysis Unit Fund - 24 - 24
Renal Dermatology Meeting - - 3,000 3,000
Total Restricted Fund 599,706 5,939 (2,426) 603,219
Total Funds 767,540 91,687 (16,732) 842,495

Restricted funds of £500,222 relate to a legacy which was left by Miss Maureen Currie restricted to be spent for the purchase of portable kidney dialysis machines. The Charity is in discussion with the Renal Technology Department and relevant clinicians at the Hospital about options to commit a staggered spend to purchase portable machines once suitable machines have been tested and represent value for money. The Trustees are mindful of the need to ensure that the remainder of this generous legacy is committed to achieve maximum benefit and meet its restrictions in light of the market for such equipment and research developments on the horizon for such treatment.

During the year the Charity received restricted donations for research undertaken by Professor Dorling, and an in memory donation for the Tunbridge Wells Dialysis Unit. Gift aid associated with restricted donations is allocated to the restricted fund, and interest is allocated based on the share of total funds.

The Trustees of the Charity are in discussion with the relevant units to agree how all the restricted funds can be committed in line with the Charity’s objects and the donor’s restrictions which are set out in note 9a.

Guy’s & St Thomas’ Hospital Kidney Patients’ Association Notes to the financial statements for the year ended 31st March 2021 (continued)

c) Transfers between funds

No transfers were made between funds in the year.

d) Analysis of net assets between funds

Unrestricted Fund
Restricted Fund		 Fixed Assets
Net Current Assets
Total
£
£
£
- 239,276 239,276
- 603,219 603,219
- 842,495 842,495