Registered Company Number: 08713676 (England and Wales) Registered Charity Number: 1165881
Guy’s and St Thomas’ Hospital Kidney Patients’ Association
(a company limited by guarantee)
Report of the Trustees and Financial Statements
Year ended 31[st] March 2023
Guy’s and St Thomas’ Hospital Kidney Patients’ Association Contents for the year ended 31st March 2023
| 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 |
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Guy’s and St Thomas’ Hospital Kidney Patients’ Association Reference and administrative information for the year ended 31[st] March 2023
| 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: | Mr John Ogilvie |
| Mr John Connor – resigned 12 August 2023 | |
| Ms Susan Lyon – resigned 31 August 2023 | |
| Mrs Sonia Moorhouse – resigned 3 July 2023 | |
| Mrs Teresa Durkin | |
| Mr George Brown | |
| Ms Sabrina Nelson – co-opted 21 March 2023 | |
| 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 |
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Guy’s and St Thomas’ Hospital Kidney Patients’ Association Report of the Trustees for the year ended 31[st] March 2023
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 and St Thomas’ Kidney Patients’ Association (the Charity) for the year ended 31[st] March 2023. 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 Guy’s 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 | John Ogilvie – Chair | |
|---|---|---|
| Executive | Susan Lyon – Secretary (resigned 31 August 2023) | |
| Committee | John Connor – resigned 12 August 2023 | |
| Teresa Durkin | ||
| Sonia Moorhouse (resigned 3 July 2023) | ||
| George Brown | ||
| Sabrina Nelson (co-opted 21 March 2023) | ||
| Other | Adisa Akintola | Mr Nicos Kessaris |
| Committee | Adora Beleno-Harriott | Yvonne McPherson (appointed 12 Sept 2023) |
| Members | Edmund Clottey (appointed Sept 2022) | Sonia Moorhouse (from 4 July 2023) |
| Omolara Fasegha | Nicholas Palmer | |
| Sally Halford (appointed June 2022) | Margaret Rodgers | |
| Nicola Ibe | Dr Manish Sinha | |
| Charles Jaja | Janice Stephens (Treasurer) | |
| Erica Tate (appointed June 2022) |
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Guy’s and St Thomas’ Hospital Kidney Patients’ Association Report of the Trustees for the year ended 31st March 2023 (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 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:
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a strategic plan and an annual budget approved by the Trustees;
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regular consideration by the Trustees of financial results of the charity;
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delegation of authority and segregation of duties;
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an on-line storage facility;
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identification and management of risks.
The Trustees have considered the risks to the Charity following 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 2023/24 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, 2,300 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.
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Guy’s and St Thomas’ Hospital Kidney Patients’ Association Report of the Trustees for the year ended 31st March 2023 (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 2022/23:
Patient support
During Covid19 many or the activities and events the Charity normally supports were not able to go ahead, but thankfully most have resumed during 2022/23.
The Charity committed grants totalling £11,400 to the Dialysis Units and Renal Wards at the Hospital. Units were not able to organise parties or social events and the grants were used to buy Christmas vouchers for patients. Some units also organised games and Christmas food. Grants of £3,554 and £4,000 were provided to the Adult and Evelina Children’s teams towards the cost of attending the Transplant Games . Christmas cards were purchased for patients costing £762. The Charity also granted funds to the Hospital Renal Dietitians to purchase nearly 1,000 ‘ Kidney Kitchen’ calendar s, paid from restricted funds. These calendars, which contain recipes formulated for a renal diet, were given to patients dialysing both in centre and at home. Restricted donations of £3,127 were received to be granted to Professor Dorling for his ongoing research to improve transplant outcomes. Refreshments at the Renal Memorial Service were also funded.
Other activities
During the year the Charity also undertook the following activities:
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Supporting runners in the London Marathon.
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Working in partnership with other KPAs (regional and national)
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Producing a regular newsletter available to all patients, visitors and staff about KPA activities and events.
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Hosting a Facebook Group enabling patients to speak to other patients on-line.
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Posting regular updates on www.gsttkpa.org and the KPA Twitter account
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Membership of the National Kidney Federation Conference.
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Attending patient information and education sessions at the hospital to raise awareness of the KPA and offer peer support to new patients
The charity is indebted to patients, their friends and family and Hospital staff who donate their time to raise money for the Charity.
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Guy’s and St Thomas’ Hospital Kidney Patients’ Association Report of the Trustees for the year ended 31st March 2023 (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 £197,350 (2022: £181,111), 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 have eased, 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 restarted this popular event in summer 2023.
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 2023.
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 2023 was £60,802 (2022: £32,409) which includes legacy income of £16,762 (2022: £6,942). The remainder includes income from sponsored events, in memory giving alongside investment income and gift aid. Income from events such as the London Marathon has returned to pre-covid levels. Total expenditure for the year was £36,639 (2022: £33,056). Overall reserves increased by £24,163 (2022: reduction of £647). 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 (2022: £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 £197,350 (2021: £181,111) 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. Income is returning to pre-pandemic levels.
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Guy’s and St Thomas’ Hospital Kidney Patients’ Association Report of the Trustees for the year ended 31st March 2023 (continued)
Grant Commitments
During the year all grant commitments made were reflected within expenditure. The Charity finished the year with £nil of commitments not yet paid (2022: £12,454). 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 no such legacies were received (2022: nil). The designated fund was £8,873 (2022: £8,873)
Restricted funds
At 31[st] March 2023 the Charity had restricted funds of £606,574 (2022: £589,650). Of this £510,841 (2022: £500,600) relates to a restricted bequest to Guy’s and 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.
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Guy’s and St Thomas’ Hospital Kidney Patients’ Association Report of the Trustees for the year ended 31st March 2023 (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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue on that basis.
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
December 12, 2023
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
John Ogilvie - Trustee
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Guy’s and St Thomas’ Hospital Kidney Patients’ Association Independent examiner’s report for the year ended 31st March 2023
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 2023.
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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord to those records; or
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The accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirements that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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The accounts have not been prepared in accordance with the methods and principles of the Statements of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
C os t as L A vraam ICAEW Avraam Associates Limited 495 Green Lanes Palmers Green London N13 4BS
Date: 12 December 2023
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Guy’s and St Thomas’ Hospital Kidney Patients’ Association Statement of Financial Activities (incorporating income and expenditure account) for the year ended 31st March 2023
| Note | Unrestricted Funds | Restricted Income | 2023 Total | 2022 Total | |
|---|---|---|---|---|---|
| Funds | |||||
| £ | £ | £ | £ | ||
| Incoming Resources | |||||
| Incoming Resources From Generated | |||||
| Funds: | |||||
| Voluntary Income | 2 | 40,591 | 3,150 | 43,741 | 31,779 |
| Investment Income | 2 | 4,840 | 12,221 | 17,061 | 630 |
| Total Incoming Resources | 45,431 | 15,371 | 60,802 | 32,409 | |
| Resources Expended | |||||
| Cost Of Generating Voluntary Income | 3 | 4,408 | - | 4,408 | 2,704 |
| Charitable Activities | 3 | 20,344 | 7,447 | 27,791 | 23,582 |
| Governance Costs | 3 | 4,440 | - | 4,440 | 6,770 |
| Total Resources Expended | 29,192 | 7,447 | 36,639 | 33,056 | |
| Net (Outgoing)/Incoming Resources Before Transfers |
16,239 | 7,924 | 24,163 | (647) | |
| Gross Transfers between Funds | - | - |
- | - | |
| Net Movement in Funds | 16,239 | 7,924 | 24,163 | (647) | |
| Total Funds Brought Forward | 10 | 243,198 | 598,650 |
841,848 | 842,495 |
| Total Funds Carried Forward | 10 | 259,437 | 606,574 | 866,011 | 841,848 |
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.
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Guy’s and St Thomas’ Hospital Kidney Patients’ Association Balance Sheet as at 31st March 2023
| Note | Unrestricted Funds | Restricted Funds | As at 31st March | As at 31st March | |
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| £ | £ | £ | £ | ||
| CURRENT ASSETS | |||||
| Debtors | 8 | 3,571 | - | 3,571 | 570 |
| Cash At Bank | 262,471 | 606,574 | 869,045 | 861,833 | |
| 266,042 | 606,574 | 872,616 | 862,403 | ||
| LIABILITIES | |||||
| CREDITORS: Amounts Falling Due Within | 9 | 6,605 | - | 6,605 | 20,555 |
| One Year | |||||
| NET CURRENT ASSETS | 259,437 | 606,574 | 866,011 | 841,848 | |
| TOTAL ASSETS LESS TOTAL LIABILITIES | 259,437 | 606,574 | 866,011 | 841,848 | |
| FUNDS OF THE CHARITY | |||||
| Unrestricted Income Funds | 10 | 250,600 | - | 250,600 | 234,361 |
| Designated Income Funds | 10 | 8,837 | - | 8,837 | 8,837 |
| Restricted Income Funds | 10 | - | 606,574 | 606,574 | 598,650 |
| TOTAL FUNDS | 259,437 | 606,574 | 866,011 | 841,848 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31[st] March 2023.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31[st] March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for:
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Ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
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Preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year in accordance with the requirements of Sections 394 and 395, and which otherwise comply with the requirements of the Companies Act 2006 relation to financial statements, so far as applicable to the company.
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.
December 12,2023
The financial statements were approved by the board of trustees on ............................................. and were signed on its behalf by:
... .......................................... ... John Ogilvie - Trustee
T he notes on pages 13 to 20 form part of these financial statements
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Guy’s and St Thomas’ Hospital Kidney Patients’ Association Notes to the financial statements for the year ended 31st March 2023
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:
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Donations and legacies are included in the accounts when they are received.
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Donations received net of fees are grossed up.
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Gift aid is recognised on an accruals basis where conditions have been met to be enable it to be recovered
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The value of any voluntary help received is not included in the accounts but is described in the Trustee’s annual report.
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Investment income is accounted for on an accruals basis.
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Support costs are allocated between the cost of generating funds and governance costs based on estimated time spent by the administrator where incurred.
-
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Guy’s and St Thomas’ Hospital Kidney Patients’ Association Notes to the financial statements for the year ended 31st March 2023 (continued)
c) Resources expended
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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:
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Costs of generating funds comprise the costs associated with attracting voluntary income.
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Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.
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.
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Guy’s and St Thomas’ Hospital Kidney Patients’ Association Notes to the financial statements for the year ended 31st March 2023 (continued)
3. Incoming Resources
| Unrestricted Funds | Restricted Funds | 2023 Total | 2022 Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Voluntary Income | ||||
| Donations | 6,623 | 2,520 | 9,143 | 13,220 |
| Sponsored Events | 14,985 | - | 14,985 | 8,493 |
| Legacies | 16,762 | - | 16,762 | 6,942 |
| Gift Aid Receivable | 2,221 | 630 | 2,851 | 3,124 |
| 40,591 | 3,150 | 43,741 | 31,779 | |
| Investment Income | ||||
| Investment Income | 4,840 | 12,221 | 17,061 | 630 |
| 4,840 | 12,221 | 17,061 | 630 | |
| Total Incoming Resources | 45,431 | 15,371 | 60,802 | 32,409 |
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Guy’s and St Thomas’ Hospital Kidney Patients’ Association Notes to the financial statements for the year ended 31st March 2023 (continued)
4. Total Resources Expended
| Unrestricted Funds Restricted Funds 2023 Total 2022 Total £ £ £ £ |
Unrestricted Funds Restricted Funds 2023 Total 2022 Total £ £ £ £ |
|---|---|
| Cost Of Generating Voluntary Income Fundraising Costs 717 -717512 Event Registration Fees 3,691 -3,6912,192 |
|
| 4,408 -4,4082,704 | |
| Charitable Activities Grants for Patients Transplant Games 7,554 -7,554- Grants to Dialysis Units and Wards 11,400 -11,40010,603 End of Life Project - --(3,000) Christmas Cards for Patients 762 -762498 Website & Social Media Development (1,085) -(1,085)2,820 Website Maintenance 115 -115- Kidney Talk Newsletter 1,020 -1,020930 Renal Memorial Service 578 -578- Kidney Kitchen Calendars - 4,3204,3204,750 Ipads for St Thomas Dialysis Unit - --1,292 Body Composition Monitor - --4,900 Grants for Research Professor Dorling Research - 3,1273,1273,126 Benedict Phillips Research (17/18 grant) - --(2,937) Grants to promote CKD & Organ Donation GOLD - supporting living donation - --600 |
|
| 20,344 7,44727,79123,582 | |
| G | overnance Costs Independent Examiner's Fees 3,600 -3,6003,600 Insurance 827 -827817 Legal and Secretarial costs 13 -132,353 |
| 4,440 -4,4406,770 | |
Total Resources Expended 29,192 7,447 36,639 33,056 |
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Guy’s and St Thomas’ Hospital Kidney Patients’ Association Notes to the financial statements for the year ended 31st March 2023 (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 (2022-nil).
b) Trustee Remuneration and related party transactions
No remuneration or other benefits were paid to the Trustees during the year (2022-nil). One Trustee was reimbursed for expenses of £13 incurred on behalf of the Charity (2022: £13).
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 (2022-nil).
c) Independent Examiner’s Remuneration
Independent examiner’s remuneration for the year was £3,600 (2022; £3,600).
6. Grant Making
The Charity made the following grants during the year:
| Grantmaking | £ Purpose |
|---|---|
| Dialysis Unit Grants for parties and events Adult Transplant Games Team Childrens Transplant Games Team Christmas Cards for Patients Prof Dorling Reasearch Kidney Kitchen Calendar Renal Memorial Service |
11,400 3,554 4,000 762 3,127 4,320 578 27,741 Parties and events for dialysis units Grant for team participation in transplant games Grant for team participation in transplant games To purchase Christmas cards for patients Restricted donations for Professor Dorling's research To purchase calendars for dialysis patients Refreshments for the renal memorial service |
7. Debtors
| Unrestricted Funds | Restricted Funds | 2023 Total | 2022 Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Debtors | ||||
| Gift Aid Receivable | 865 | - | 865 | 173 |
| Other Debtors | 2,706 | - | 2,706 | 397 |
| 3,571 | - | 3,571 | 570 |
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Guy’s and St Thomas’ Hospital Kidney Patients’ Association Notes to the financial statements for the year ended 31st March 2023 (continued)
8. Creditors: Amounts Falling Due within one year
| Unrestricted Funds | Restricted Funds | 2023 Total | 2022 Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| CREDITORS: Amounts Falling Due Within | ||||
| One Year | ||||
| Trade Creditors | 6,605 | - | 6,605 | 8,101 |
| Grant Commitments | - | - | - | 12,454 |
| 6,605 | - | 6,605 | 20,555 | |
| Unrestricted Funds | Restricted Funds | 2023 Total | 2022 Total | |
| £ | £ | £ | £ | |
| Commitments | ||||
| Brought forward commitments | 9,328 | 3,126 | 12,454 | 10,365 |
| Grant Commitments in year | 20,294 | 7,447 | 27,741 | 19,510 |
| Grants paid in year | (29,622) | (10,573) | (40,195) | (17,421) |
| Commitments carried forward | - | - | - | 12,454 |
There were no grant commitments not yet paid at the end of the year.
9. RESTRICTED INCOME FUNDS
a) Funds held
The Charity held the following restricted income funds during the year for the following purposes and 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 |
| Psychological Support Fund | Restricted Income | For psychological support for patients |
| Daniel Panormo Fund | Restricted Income | Projects for the benefit of renal patients |
| Renal Dermatology Meeting | Restricted Income | For the Renal Dermatology meeting |
| Patient Events and Outings | Restricted Income | For Patient Events and Outings |
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Guy’s and St Thomas’ Hospital Kidney Patients’ Association Notes to the financial statements for the year ended 31st March 2023 (continued)
b) Movement in funds
The movements in funds are set out below
| 1st April 2022 Incoming Resources Outgoing Resources | 1st April 2022 Incoming Resources Outgoing Resources | 1st April 2022 Incoming Resources Outgoing Resources | Funds Transfers | At 31st March | |
|---|---|---|---|---|---|
| 2023 | |||||
| £ | £ | £ | £ | £ | |
| Unrestricted Fund : | |||||
| General Funds | 234,361 | 45,431 | (29,192) | - | 250,600 |
| Designated Research Fund | 8,837 | - | - | - | 8,837 |
| Total Unrestricted Fund | 243,198 | 45,431 | (29,192) | - | 259,437 |
| Restricted Fund: | |||||
| Maureen Currie Legacy Fund | 500,600 | 10,241 | - | - | 510,841 |
| New Cross Dialysis Unit Fund | 2,718 | 56 | - | - | 2,774 |
| Holiday Fund | 1,024 | 21 | - | - | 1,045 |
| Transplant Patients Fund | 2,019 | 41 | - | - | 2,060 |
| Research Fund | - | 3,129 | (3,127) | - | 2 |
| Psychological Support Fund | 5,067 | 104 | - | - | 5,171 |
| Daniel Panormo Fund | 84,120 | 1,691 | (4,320) | - | 81,491 |
| Tunbridge wells Dialysis Unit Fund | - | 25 | - | - | 25 |
| Renal Dermatology Meeting | 3,002 | 61 | - | - | 3,063 |
| Patient Events and Outings | 100 | 2 | - | - | 102 |
| Total Restricted Fund | 598,650 | 15,371 | (7,447) | - | 606,574 |
| Total Funds | 841,848 | 60,802 | (36,639) | - | 866,011 |
Restricted funds of £510,841 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.
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Guy’s and St Thomas’ Hospital Kidney Patients’ Association Notes to the financial statements for the year ended 31st March 2023 (continued)
c) Transfers between funds
No transfers were made between funds in the year.
d) Analysis of net assets between funds
Fixed Assets Net Current Assets Total £ £ £ Unrestricted Fund - 259,437 259,437 Restricted Fund - 606,574 606,574 - 866,011 866,011
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