CHARITY REGISTRATION NUMBER.. 1183252 THE FRIENDS OF YORK HOSPITALS UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Townends
THE FRIENDS OF YORK HOSPITALS FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 PAGES Trustees, annual report 1105 Independent examinerfs report to the trustees stalement ol financial activities statement of financial position Noles lo the flnanclal stolements 91014
THE FRIENDS OF YORK HOSPITALS TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2024 The Irustees present their report and the unaudited tinancial slatements of tho charily for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered charlty name The Ftiends ol York Hospitols Charlty reglslrollon numbei 1183252 Prlnclpal offlce Friends of York Hospitals York Hospital Wigginton Road York Y0318HE THE TRUSTEES M¥s G E Grlbbin Mr H Syed Mr M Hall Ms S A Neale M5 M Lindholm Ms R Mortin Mr R Cryer Ms V Riley Chair from 5 June 2023 Honorary Secretary from 5 June 2023 Honorary Treasurer IResigned 23 April 20231 IResigned 29 April 20231 SoHcltor Hethertons Tudor Court Opus Avenue York Business Park York Y026 6RS Independent examlner Miss T J Maeer ol Townends Accountants LLP Fulford Lodge l He51inglon Lane Fulford York Y0104HW STRUCTURE, GOVERNANCE AND MANAGEMENT The Friends ot York Hospitols is a charitable incorporated organisation registered wth the Charity Commission in England and Wales under the charily number 1183252. 11 was registered on 3 May 2019. The charily is managed by a Commillee of Truslees. This consists ot the Chairperson, Honorary Treasurer and Honorcry Secretary with not less than 3 and not more than 9 additional Trustee5. No person shall be a Trustee who is not a member of the Friends. A person may become o member of Ihe Friends by virtue of their voluntary service: in accordance wilh FOYH Conslitution Clause 12.
THE FRIENDS OF YORK HOSPITALS TRUSTEES. ANNUAL REPORT (ctsnlfnu•d) YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT (conllnu¢d} Investment Poll¢y The overall oim is to Provide both rising capitol and income values. The Trustees delegate lh8 Ivnd manogement duties to independently appointed professional investment managers. The fund manogement provide quarlerly update5 which are used to Monit on going performance. The investment policy is formally reviewed bl-annually, the latest review approved in octob 2022. Rl$k Management The Trvstees have examined Ihe major risks lo which the chority is exposed. in porlicular those related to the operalion5 and finances of the Trust, and are satisfied that Systems are in place to mitigate Ihe exposure to these major risks. OBJECTIVES AND ACTIVITIES The objecllves of Ihe charily are to preserve and prolect the heallh ol patients and former patients of the York hospitals by providing and assisling in the provision of facilities, support services and equipment not normally provided by the statvlory oulhorilies. The Friend5 01 York Hospita15 provides commitled, caring volunteers who help NHS slaff meet the needs ol potient5. 11 buys equipment or services lor Ihe benefit of patienls that moy not be readily available to be funded by Ihe NHS Trusl and it ¥oises funds and receives contribulions from persons or orgonisalions by way of subscription, covenanl. donation, legacy or othetwise. When planning our activilies for the period, we hove considered the Commission'5 guidance on public benefit when reviewtng our aims and objectives and in planning our future acfrivities. ACHIEVEMENTS AND PERFORMANCE Projects approved for funding dviing this period include a conlinuation of the hlghly successful 6th Form Shadowing Projecl for student5 int6resled in pursuing a careei in medicine. An additional £17,000 was allocoted to the £17.730 already opproved lor the Cooling Caps for cancer patients projecl. Some of the exlra funding came oboul as a result of a £IO,Cx)O donotion which wilh the addilion of Gill Aid gave us £12,500 for Ihis project. Further detai15 of Ihe Cooling Caps can be found at at paxmanscalpcooling.com We were approached to fund the Mvslc Therapist for a third year. After reviewlng the first Iwo years of the project we agreed lo the addilionol funding ol £11,040. The lorgest project approved this year was £49,497 for o SimBaby Mankin. This highly advanced simulaled baby is proving a vilol piece of equipment in the training of medical prolessiono15 in various scenarios relating to the care of young babies.
THE FRIENDS OF YORK HOSPITALS TRusfEES' ANNUAL REPORT (conllnued) YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW The results for the year ore shown on page5 7 to 14. The support costs (item 9 page 121 which cover the day~lo-day expenses of the charily were £4.878 just slightly up on the previous year of £4.703. The income Ipoge 71 includes the pievlou¥ mentioned donation of £1 O,OQO (plus Gilt Aid) and a bequest of £5.000. The inveslmenls lilem 10. page 121 performod beller this year showing net galns of £20,076 againsl the previous year's lo of £19,015. These figures include income and fund growlh. Our nel assets Ipoge 141 show a reduclion ol £16,769. Accumuloled reserves aTe held to fund future equipment purchases to help achieve Ihe charity's objects. The level ol expenditure vuries each year and lund5 are buill up to allow the charity to purchase expensive items when they are reqvired. PLANS FOR FUTURE PERIODS Since the pandemic we have lost much of our visibility in the hospilal. This is due moinly. to Ihe drop in people able to volunleer during and since Covid, as well as Ihe loss of our Volunteer Manager and the Friend5. onsile office presence. Services such as the Friends newspaper ward Irolley5 were prohibited und Ihe FOYH singers were no longer allowed onlo words. Further, FOYH and the hospital, entered into a partnership ugreement in April 2023 which allowed FOYH lo continue recruiting volunteers,. yet removed the shortlisting and operotional mcjnagement ol FOYH voluntews from the charity. The loss of our onsite office and Volunleer Manager has not On impacted the charity but also Ihe hospital's Volunteer Hub. 11 diminished the eff6clive cooperation shared between both teoms,. mutual provision of cover for Ihe respective offices and consistent communications with FOYH voluntee¥s. However, the FOYH Injstees mainlain a good wtxking relationship with the new Volunteer Hub manager and staff and. the Head ol Patienl Experience and Involvemenl. Since the relaxation of many ol the reslricfions imposed under Covid, the parlnership agreemenl is under review and, th8 desire of both partners is lo re-inlroduce FOYH volunteer roles which will help to re-establish the charity's v15ibilily in Ihe hospital. Volunleers are slowly coming bock to us and we are working with the Volunteer Hub lo to speed up Ihe processing of 'expre5sions of interest, made through our charity.
THE FRIENDS OF YORK HOSPITALS TRUSTEES, ANNUAL REPORT (conllnvedj YEAR ENDED 31 MARCH 2024 PLANS FOR FUTURE PERIODS (¢onllnved) Nevertheless, we need lo be more prooctive and imaginalive in developing ways we can promote the good work we do and fundraise to bring in more contributions., legacies. and donolions to support projects in the future. Below is o list ol piop05ed objectives for the future: lo establish a quarterty rneellng between the Chair and Treasurer ol FOYH, and Ihe Deputy Head of Corporate Finance. Finance As5151ont ond Charity Manager.. to recruit more trustees to Ihe boord with specific skills e.g. marketing. lundroising. chairmanship, odministrative and financial experience,. to promole FOYH through better marketing and publicity of the projecls it funds: to re-establish some ward trolley services ond we are currently negotiating wilh the hospital lo introduce exclusive FOYH roles to negoliale for a hospilal ofllce/space; lo hold ¥egvlar table event5 in the hospital'5 main foyer and re-introduce the distribution of collection tins to post offices and shops elc.,. lo focus on the regulor meetings wilh volunteers,. mixe entertaining evenls. coffee momings. a regulor rolfle and invited speaker occasions., lo engage with younger people wanting to volunteer,. York university. colleges and Schools; lo encourage sludenl involvement with chorities generally and improve their understanding of the roles.. i.e. The board ol tru51ees and ils officers. what il does and how it operates.
THE FRIENDS OF YORK HOSPITALS TRUSTEES, ANNUAL REPORT (conllnued) YEAR ENDED 31 MARCH 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees are responsible for preparing the Trustees Annuul Report and the linancial slatements in accoidance wilh applicable low and regulations ond United Kingdom Accounting Standards Iunited Kingdom Generally Accept6d Accounting Proclicel. The law applicable lo charities in England ond Woles reqvires the Trustees lo prepare ftnanciol slalements for each financial year which give a l¥ue and fair view of the stale of affairs of the charity and ol the incoming resources and opplicotion of resources of the charily lor that period. In preparing these financial stalement5, the Truslees ore required to: . select suitable accounling policies and Ihen apply them consistently; , obseNe the method5 and principles in the Chorities SORP: - make judgemenls and accounting estimates that are reosonable and prudenl; prepaie the financial statements on the going concern basis unless 11 is inappropriate to presume that Ihe charity will conlinve in operation. The Trvstees are responsible for keeping proper accounting records Ihat disclose with reasonable accuracy at any lime the financial position of the chorily and enable them lo ensure that the financial statements comply wilh the Charities Acl 2011, the Charity IAccounls and Reporlsl Regulations 2(8 and the provisions ol the trusl deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable sleps for the prevention and detection of fraud and other irregularities. The trustees. annual report was approved on board ol trustees by.. .13 and signed on behalf of the Mrs G E Gribbin Tru5t66
THE FRIENDS OF YORK HOSPITALS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FRIENDS OF YORK HOSPITALS YEAR ENDED 31 MARCH 2024 I reporl to Ihe Irustees on my examination of the financial slatem6rits ol The Friends ot York Hospitals I'lhe charity'l for the year ended 31 March 2024. RESPONSIBILITIES AND BASIS OF REPORT As the truslees of the charily you are responsible for th6 preparalion of the financial stotement5 in occordance with the requiremenls of the Charities Act 2011 I'lhe Act'i. I report in respect of my examination of the charity's financial statemenls carried oul under section 145 of the 2011 Act and in canying out my examinalion I have tollowed all the applicable Direclions given by the Charity Comrrklssion under section 145151 Ibl of the Acl. INDEPENDENT EXAMINER'S SIATEMENT I have completed my examination. I confirm that no material matlers have come to my altentlon in connection with the exomination giving me cause to believe that in any material respect: accounling records were not kept in respect of Ihe charity as iequired by section 130 of the Act; or the financial statements do nol accord with those records. or the ffnancial statements do not comply wlth Ihe applicoble requirement5 concerning the foim and contenl ot occounls set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement thal Ihe accounts give a 'true and lairf view which Is not a maller considered as parl of an independent exominalion. I have no concerns ond have come across no olher matters in connection wth Ihe examinalion to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Miss T J Maeer ol Townends Accounlants LIP Independent Examiner Fullord Lodge l He51ington Lane Fulford York YOIO 4HW
THE FRIENDS OF YORK HOSPITALS STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2024 2024 Unrestricted funds Total funds Total fund5 2023 Nol• Income and endowmonls Donations and legacies Charilable activities Investment income 19,764 19.764 34,456 400 6,063 7,433 7.433 Total Income 27,197 27,197 40.919 Expendlture Expenditure on chorilable activities Total expendStur• 64,042 64,042 102,362 64.042 64,042 102,362 Nel gainslllossesl on investments 10 20.076 20,076 119.0151 Nel expendSturo ond net movement Sn fvnds 116,7691 116,7691 180.4581 Ro¢onclllallon of funds Total fund5 brought forward Tolal funds carrled forward 228.848 228,848 309,306 212,079 212.079 228.848 The statemenl of financial aclivitie5 includes all gains ond losses recogni5ed in the year. All income and expenditure derive from continuing aclivilies. The notes on pages g to 14 form part of these Ilnan¢lal slatemenl$.
THE FRIENDS OF YORK HOSPITALS STATEMENT OF FINANCIAL POSITION 31 MARCH 2024 2024 2023 Note FIXED ASSETS Investments 13 272,906 304,918 CURRENT ASSETS Debtors Cash ol bank and in hand 14 76 9,650 1.702 92.287 9,726 93,989 CREDITORS.. Amounts talllng due wlthln one year NEf CURRENT LIABILITIES 15 70,553 170,059 60.827 76.070 TOTAL ASSETS LESS CURRENT LIABILITIES 212.079 228,848 NET ASSETS 212,079 228,848 FUNDS OF THE CHARITY Unrestricted funds 212,079 228,848 Total charlly funds 16 212.079 228.848 These lin al statements were approved by the board of Irustees and authori5ed for Sssue ..l.Ikand are signed on behalf of the board by: Mrs G E Gribbin- Chair Truslee /•/• Mr M Hall - Honorary Treasurer Trustee The notes on pag8$ 9 to 14 lorm part of these Ilnan¢lal stalemenl$.
THE FRIENDS OF YORK HOSPITALS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 GENERAL INFORMATION The charity is a public benefit enlify and a choritable incorporated organisation regi51ered wilh the Charity Commission in England and Wales. The address of the principal office 15 Friend5 of York H05pilals, York Hospital, Wigginlon Rood, York, Y0318HE. STATEMENT OF COMPLIANCE These financial 51alements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Irelond., the Slatement of Recommended Practice applicable to charities preporing Iheir accounls in accordance with the Financial Reporting Slandord opplicable in the UK and Republic of Ireland IFRS 1021 Icharities SORP IFRS 10211 and the Charities Act 2011. ACCOUNTING POLICIES (a) Basls of preparallon The financia1 statemenls have been prepared on the historical cost basi5, os modified by the revoluotion of cerlain financial asset5 measured at fair value Ihrough income or expenditure. The financial slalements ore prepored in sterling. which is the functional currency of the entily. (b) Golng concern There are no moterial uncertainties about Ihe charity's abilily to continue. {¢) Fund aecountlng Unreslricted funds are available for use at the discretion of Ihe Iru5tees to further any of the charity's purposes. Restricted funds are 5ublecled to restrictions on Iheir expendilure declared by the donor or through the terms ol an appeal. (d) Incomlng re$oui¢e$ All income is included in the statemenl ol financiol octivili6s when entillemenl hos passed lo the charity. income from donations or grants is recogni5ed when Ihere is evidence of entitlemenl lo the gill, receipl is probable and its amount can be measured reliobly. legacy income is recognised when receipl is probable and entitlement is established. investment income consisls of inlerest and dividends and is included when receivable.
THE FRIENDS OF YORK HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (eonllnuedj YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (eonllnv•dJ (e) Resovrces expended Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation commilting the charity to that expendilure, it 15 proboble that settlemenl will be required and the amount of obligalion con be measured reliably. Expenditure is recogni5ed on on accruals basis a5 a liabilily is incurred. Experndlture includes any VAT which cannot be fully recovered. and 15 clossified under headings of the stalement of financial aclivilies lo which it relates.. expenditure on raising funds includes the cost5 of all lundroising activitie5. events, non- charitable Irading activities. and the sale of donated good5. expenditure on chorilable activities includes all costs incurred by a chorily In undertaking activilies that further ils charitable aim5 for the benefit ol its beneficiaries. including those support cosls and cosls relating lo the governance of the charity apportioned to charitable activitie5. other expenditure includes all expenditure thal is neither related to raising funds lor the charity nor part of its expenditure on charitable octivities. All costs are allocated lo expendilure calegories reflecling the use ol the resource. Direct costs atlributable to a single activily are allocated directly to Ihat octivily. Shared costs are approrlioned belween the activities they contribute lo on a reasonable. jusliliable ond consistent basis. (f) Investments Investments are a form of basic financial instrumenl and are initially iecognised at their Ironsuclion value and subsequently measured at their fair value a5 at the balance sheel date using the closing quoted morkel price. The stalement of financial aclivilies includes the net gains and losses arising on revaluation and disp05als throughout the year. The chorily does not acquire put options, derivalives or other complex finoncial inslruments. The main form of financial risk faced by Ihe charity is thot of volatility in equity markets and investmenl markets due to wider economic conditions, the attitudes of inve51ors to inveslment risk. and changes in 5enliment concerning equilies and within particular sectors or sub sectors. DONATIONS AND LEGACIES Unrestricled Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 DONATIONS Donalions and subscriptions Colleclions Gift aid 11.531 11,531 2,899 105 341 2.899 105 2,663 2.663 io
THE FRIENDS OF YORK HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (contlnued) YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES (cgnllnued) Unrestricted Total Funds Unrestricled Total Funds Funds 2024 Funds 2023 OTHER DONATIONS AND LEGACIES Raffles Legacies 570 5,000 570 5,000 635 30.476 635 30.476 19,764 19,764 34,456 34.456 CHARITABLE ACTIVIT5ES Unreslricted Total Fund$ Unrestricted Total Funds Funds 2024 Funds 2023 Events 4CK) INVESTMENT INCOME Unreslricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Income from listed inveslmenls Bank interest receivable 6,196 1,237 6,196 1,237 5,834 229 5.834 229 7.433 7,433 6,063 6,063 EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Project funding Support costs 59,162 4.880 59,162 4.880 91.658 4.704 97,658 4,704 64,042 64,042 102,362 102.362 EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE Activilies undertaken directly Support Total fund$ Total fund costs 2024 2023 Project funding Governance c05t5 59,162 59,162 4,88Q 97,658 4,704 4,880 59,162 64,042 102,362
THE FRIENDS OF YORK HOSPITALS NOTES TO THE FINANCIAL STATEMENTS {conNnved) YEAR ENDED 31 MARCH 2024 ANALYSIS OF SUPPORT COSTS Anoly515 of support C05t5 Total 2024 Total 2023 Communicalions and IT General office 1,528 3.350 1,528 3.350 1,525 3.178 4.878 4.878 4.703 10. NET GAINSI(LOSSES) ON INVESTMENTS Unre51ricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Gains/l1055esl on list6d inveslmenl assets 20.076 20.076 119.0151 119,0151 I I. INDEPENDENT EXAMINATION FEES 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial 51alements 9?0 942 12. TRUSTEE REMUNERATION AND EXPENSES The members are all unpaid volunteers and neither Ihey nor any persons connected wilh them received any expenses or remuneration. 13. INVESTMENTS Cash or cash Listed equivalent5 inveslmenls Total Cost or valuatlon Al l April 2023 Addilions Disposals Fair value movemenls 7.693 297,225 6,033 156,7281 20,076 304.918 6,033 158,1211 20,076 11,3931 At 31 March 2024 6,300 266,606 272,906 mpalrment At l Aprll 2023 and 31 Mar¢h 2024 Carrylng amount At 31 March 2024 6,300 266,606 272,906 Al 31 March 2023 7,693 297.225 304.918 12-
THE FRIENDS OF YORK HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (conllnued) YEAR ENDED 31 MARCH 2024 13. INVESTMENTS (conllnued) All investments shown above are held at valuation. Flnanclal assets held at folr volvo All investments are carried at Iheir lair value. Investmenls in equities and fixed inlerest securilies are all traded on quoted public marke15, primarily Ihe London Stock Exchange. 14. DEBTORS 2024 2023 Prepayments and accrued income 76 1,702 15. CREDITORS: Amovnls falllng dve wllhln one year 2024 2023 Accruals and deferred Income Committed projects 9?0 69.563 960 169.099 70,553 170,059 Credilors and provisions are recognised where the charily hos a present obligalion resulting from a past evenl that will probably result in the tron5fer of funds to a third party and the amount due to sellle Ihe obligation can be measured or eslimated reliably. Creditors and provisions are normolly recognised at their selllement omount after allowing for any trade discount5 due. 16. ANALYSIS OF CHARITABLE FUNDS Unre$lrlcted fvnds Al Gains and 31 March 20 losses 24 Al l April 2023 Income Expendilure General funds 228.848 27,197 164.0421 20.076 212,079 Al Gain5 and 31 March 20 losses 23 Al l April 2022 Income Expenditure General funds 309,306 40,919 1102,3621 119,0151 228.848 13-
THE FRIENDS OF YORK HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (eonllnv•dJ YEAR ENDED 31 MARCH 2024 17. ANALYSIS OF NEf ASSETS BETWEEN FUNDS Unre51ricted Total Funds Funds 2024 Investments Current assets Creditors less than l year Net assets 272,906 9,726 170,5531 212,079 272,906 9,726 170,5531 212,079 Unrestricted Total Funds Funds 2023 Investmenls Current assets Credllors16ss than l year Nel assels 304.918 304.918 93,989 93,989 1170,0591 117Q,0591 228.848 228,848 14