## **FRIENDS OF CONQUEST HOSPITAL CIO**
**REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS**
**For The Year Ended**
**30 June 2024**
**Cassidys Limited South Stour Offices Roman Road Mersham ASHFORD Kent TN25 7HS**
Page 1
## **FRIENDS OF CONQUEST HOSPITAL CIO**
## **CONTENTS OF THE FINANCIAL STATEMENTS**
## **For The Year Ended 30 June 2024**
||Page|
|---|---|
|Charity Information|3 to 4|
|Report of the Trustees|5 to 7|
|Independent Examiner’s Report|8|
|Statement of Financial Activities|9|
|Balance Sheet|10|
|Statement of Cash Flows|11|
|Notes to the Financial Statements|12 to 22|
Page 2
## **FRIENDS OF CONQUEST HOSPITAL CIO**
## **CHARITY INFORMATION**
Patron: President: Chairman: Treasurer: Secretary:
Membership Secretary: Fund Raising:
Management Committee: Trustees (T) Also in attendance (A)
Charity Number: Charity Offices:
Independent Examiner:
The Baroness J. Fookes of Plymouth DL
The Right Worshipful the Mayor of Hastings Mr Thomas Gardiner Mrs Claire Bridges Ms Jo Clark Mrs Angie Watson Mrs Angie Watson
Mrs F Hosford Dr D Walker (T – Appointed 25/09/24) Dr R Wray DL (T) Mr A Fairley (T) Mr J Llewellyn – Jones (T) Mr S Hedencrona (T) Mr R Fisher (T – Appointed 25/09/24) Mrs S Kowitz DL (T) Ms S Coop (T) Mrs C Bridges Mrs K Aldridge Mr T Gardiner (T) Ms E Martin Mrs R Barry Mrs A Watson Dr R Guy (T – Appointed 04/12/23)
1183652
The Conquest Hospital The Ridge St Leonards on Sea East Sussex TN37 7RD
Stuart Whorlow
Cassidys Limited South Stour Offices Roman Road Mersham Ashford Kent TN25 7HS
Page 3
Bankers: HSBC Bank Hastings branch Investments: BlackRock Investor Services Team PO Box 9036 Chelmsford Essex CM99 2XD CCLA Senator House 85 Queen Victoria Street London EC4V 4ET
Page 4
## **FRIENDS OF CONQUEST HOSPITAL CIO**
## **REPORT OF THE TRUSTEES**
## **For The Year Ended 30 June 2024**
The Trustees present their report, together with the financial statements, for the year ended 30[th] June 2024.
The Charity, known as Friends of Conquest Hospital CIO was registered with the Charity Commission on the 30[th ] May 2019 replacing the entity known as The League of Friends of the Conquest Hospital which was previously registered with the Charity Commission on 13[th] September 1990. It is governed by its Object and Rules which were adopted on the 23[rd] January 2019. Under these Rules, the Management Committee may co-opt members of the Friends to the Committee to fill vacancies as the need arises. Currently there are 16 committee members, 10 of these being trustees. Trustees are normally elected at the Annual General Meeting and are given an induction to assist them in undertaking their role.
## **Object of the Friends**
The object of the Friends is twofold;
- to offer relief to patients, visitors, staff and former patients of the Hospital and other invalids in the community who are sick, convalescent, disabled, handicapped, infirm or in need of assistance,
- to generally support the charitable work of the Conquest Hospital for the benefit of the community.
## **Activities of the Friends and public benefit**
The main activities of the Friends are to raise funds in order to fulfil its object as stated above, and to raise awareness of the Friends’ work by the following;
- to invite supporters to become Members of the Friends of the Conquest Hospital,
- to run two shops in the hospital,
- to organise fundraising events,
- to invite donations and legacies,
- to purchase hospital equipment in collaboration with the medical and management staff,
- to support initiatives making the Conquest Hospital a place of best practice for patient care and welcoming to the general public.
Members of the public can become Friends of the Conquest by paying at least £15 for a year (£12 a year if paying by DD), fundraising at least £15 or volunteering with the friends. The Friends currently have approximately 213 active members and 1 corporate member.
The Friends provide a number of services through two shops in the hospital. The main shop (confectionery, newspapers, magazines, stationery, cards, soft toys, drinks, sweets, ice cream and National Lottery tickets) and the flower/gift shop (fresh cut flowers, gifts, baby clothes, balloons and mugs) are manned by one fulltime and one part time employees plus some 30 unpaid volunteers who undertake a number of roles. A newspaper round is maintained on a daily basis and the Friends also run a trolley service to the wards to meet the needs of patients. Both shops accept card payments through EposNow.
During the year the flower/gift shop was only open when volunteers were available. At end of the financial year June 2024 all stock was transferred to the Main shop and has been reported as such.
The principal fundraising event is the annual fete which unfortunately had to be cancelled this year due to a severe weather warning on the 15[th] July.
Donations and legacies have always been welcomed by the Friends, and we continue to receive donations from grateful patients and former patients and their relatives. Although the Friends prefer that donations received should be on an unrestricted basis, we do accept donations intended for the benefit of particular wards. These are the Restricted Funds shown in note 14.
Most of the funds that are raised by the Friends are used for the purchase of hospital equipment and providing support for the staff, patients, and visitors to the Conquest Hospital. Since the year 2000, the Friends have assisted the Conquest Hospital with the purchase of equipment and provided services to the
Page 5
value of over £3.9 million. This year we purchased equipment and provided services costing £69,977 and the details are in note 21.
As well as supporting the medical staff in the hospital, the Friends have contributed to the enjoyment of patients and visitors to the hospital by continuing to fund a wide range of live music performed on the balcony in the main reception area. These short performances of approximately 45 minutes are given by professional musicians, accomplished amateurs, and young people from local schools and colleges. A “Musician in Residence” scheme has been established in which a young musician, embarking on a professional career in music, is appointed for one year, during which they give performances at the hospital and are awarded a certificate to add to their CV. This programme is run in conjunction with Arts in Healthcare which works with artists to provide performing and visual arts in East Sussex NHS Trust buildings, and the Friends are pleased to support this initiative by contributing to the costs of the performers. Performances were able to resume this year after a long break, due to the COVID-19 pandemic.
## **Financial Review**
Total incoming resources for the year were £486,082 (2023 £363,883) and total resources expended were £402,036 (2023 £315,900). These figures include all the shop trading and unrealised gains.
During the year, the trustees of the Friends expended £69,977 (2023 £18,742) on services for the benefit of patients, relatives and visitors to the hospital, together with the purchase of equipment for use in many different areas of the hospital and associated activities (see note 21).
## **Donated goods, facilities and services, including volunteers**
The trustees are aware of some new reporting requirements for charity accounts and are including the following information as relevant to the new requirements:
- a) donated books were sold and are included in the general donations figure (2023 £nil).
- b) donated facilities to the value of approximately £6,000 were received by the charity from the East Sussex Healthcare NHS Trust in the form of a “peppercorn rent” for the space occupied by the shops in the Conquest Hospital run by the Friends.
- c) the services of the 30 volunteers who work in the shops are not valued in financial terms in these accounts, but their contributions are recognised with gratitude by the trustees. The volunteers for the Friends are given preliminary guidance by the East Sussex Healthcare NHS Trust Voluntary Services manager and invited to “taster” sessions before committing to work in the shops. If they are suitable for this type of work, they attend a formal presentation and are interviewed before being appointed. Further training is given on policies and procedures to be followed by volunteers within the Trust. The shop managers are responsible for supporting the volunteers who have a variety of duties such as serving customers, stocking shelves, taking a newspaper trolley around the wards each morning and taking a trolley of general items around the wards later in the day. Volunteers are reimbursed for travel expenses. The amount of volunteers has been affected by the pandemic but has been steadily increasing.
## **Reserves Policy**
Some reserves are required to maintain the effective running of the shops and to make improvements for the future, but the bulk of the reserves are required to make large payments for the purchase of hospital equipment, so any investments need to be easy access and are chosen accordingly. It is the trustees’ intention not to maintain high levels of reserves, but to match the level of purchases of hospital equipment to the income received from donations and legacies, and the profits from the shops. On 30 June 2024, the level of unrestricted funds was £230,331 (2023 £259,547) and there was £212,457 (2023 £99,196) held as restricted funds that were not available to use as free reserves.
## **Risk Management**
The Friends’ investments are reviewed from time to time and are considered to be in a low risk category. Other risks, including the management of stock for the shops are considered satisfactory. The majority of shop purchases are covered by direct debit agreements and other suppliers are paid immediately on receipt of invoices.
Page 6
## **Trustees’ Meetings**
The Trustees have tried to meet regularly during the year with the management committee, normally every other month, there were no meetings held in August and December and all other meetings were held virtually. The last annual general meeting was held on 18[th] May 2024. At these meetings they have considered a growing number of “bids” or requests for equipment that are submitted to the charity.
## **Statement of Trustees’ Responsibilities**
The Trustees are required, under the constitution of the Charity, 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 its results for that period. In preparing those financial statements the Trustees are required to:
- select suitable accounting policies and apply them consistently;
- make judgements that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity. 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.
## **Approval**
This report was approved by the board of Trustees on 18[th] May 2024 and was signed on its behalf by:
…………………………………………..
T. Gardiner Chair
Page 7
## **INDEPENDENT EXAMINER’S REPORT**
## **TO THE TRUSTEES OF**
## **FRIENDS OF CONQUEST HOSPITAL CIO**
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30 June 2024.
As the charity’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the institution of Chartered Accountants in England and Wales.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
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.
**………………………………………**
**Date: ………………………………………..**
**Stuart Whorlow Cassidys Limited Chartered Accountants Registered Auditors**
**South Stour Offices South Stour Road Mersham Ashford Kent TN25 7HS**
Page 8
## **FRIENDS OF CONQUEST HOSPITAL CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES**
||**For The Year**|**Ended 30 June**|**2024**||||
|---|---|---|---|---|---|---|
||**Note**|**Unrestricted**|**Restricted**||**Total funds**|**Total funds**|
|||**funds**||**funds**|**2024**|**2023**|
|||£||£|£|£|
|**Income from:**|||||||
|Donations and legacies|2|9,255|126,098||135,352|68,159|
|Other trading activities|3|334,925||684|335,609|299,254|
|Investments|4|5,753||-|5,753|5,744|
|**Total**||349,933|126,782||476,714|373,158|
|**Expenditure on:**|||||||
|Raising funds||2,671||-|2,671|4,914|
|Charitable activities|5|386,202||13,163|399,365|310,988|
|**Total Expenditure**||388,873||13,163|402,036|315,902|
|**Net income/(expenditure)**|7|(38,940)|113,618||74,678|57,256|
|**Transfers between funds**|14|(2,058)||2,058|-|-|
|**Unrealised gains on investments.**||9,368||-|9,368|(9,274)|
|**Realised loss on disposals**||-||-|-|-|
|**Net movement in funds for the**|**year**|(31,630)|115,676||84,046|47,982|
|**Reconciliation of funds:**|||||||
|Balances brought forward 2022|14|259,546||99,196|358,742|310,760|
|**Balances carried forward 2023**|
14|227,916|214,872||442,788|358,742|
The above statement includes all gains and losses recognised during the year.
All activities are regarded as continuing.
Comparative figures for the previous year by fund type are shown in note 22.
The notes on pages 12 to 22 form an integral part of these accounts.
Page 9
## **FRIENDS OF CONQUEST HOSPITAL CIO**
## **BALANCE SHEET**
|**At 30 June 2024**
**Total**
**Note**
**2024**
£
**Fixed Assets**
Fixed assets for charity's use
10
-
Investments
9
169,882
169,882
**Current Assets**
Stock
6
13,704
Debtors
11
-
Cash at bank and in hand
269,573
283,277
Creditors - amounts falling due within
one year
12
10,371
**Net Current Assets**
272,906
**Net assets**
13
442,788
Represented by:
**Funds of the Charity**
Unrestricted funds
General funds
14
227,916
Restricted Funds
14
214,872
442,788|**Total**
**2023**
£
-
160,514|
|---|---|
||160,514
8,180
-
197,666|
||205,846
7,618|
||198,228
358,742|
||259,546
99,196|
||358,742|
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements were approved by the board of Trustees and authorised for issue on 18[th] May 2024 and were signed on its behalf by:
………………………………………….. ……………………………………….
T. Gardiner Chair
C. Bridges Treasurer
Charity Registration No: 1183652
Page 10
## **FRIENDS OF CONQUEST HOSPITAL CIO**
## **STATEMENT OF CASH FLOWS**
## **For The Year Ended 30 June 2024**
||**Total**|**Total**|
|---|---|---|
|**Note**|**2024**|**2023**|
||£|£|
|**Cash Flow from operating activities**|66,155|51,004|
|**Cash Flow from investing activities**|||
|Purchase of new shop fittings|-|-|
|Sale of investments|-|-|
|Interest and dividends|5,753|5,744|
||5,753|5,744|
|**Net increase in cash and cash equivalents**|71,908|56,748|
|**Cash and cash equivalents at start of year**|197,666|140,918|
|**Cash and cash equivalents at end of year**|269,573|197,666|
|**Cash and cash equivalents consist of:**|||
|Cash at bank and in hand|269,573|197,666|
|**Reconciliation of net income to net cash flow from**|**operating activities**||
||**Total**|**Total**|
|**Note**|**2024**|**2023**|
||£|£|
|**Net income for the year**|84,046|47,982|
|**Adjustments for:**|||
|Depreciation charges|-|-|
|(Gains) on investments|(9,368)|9,274|
|Interest and dividends received|(5,753)|(5,744)|
|(profit) on disposal of fixed assets|-|-|
|(Increase) decrease in stocks|(5,524)|1,309|
|(Increase) decrease in debtors|-|500|
|Increase (decrease) in creditors|2,753|(2,317)|
|**Net cash flow from operating activities**|66,155|51,004|
Page 11
## **FRIENDS OF CONQUEST HOSPITAL CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **For The Year Ended 30 June 2024**
## **1. Accounting policies**
## **a) Accounting basis**
The financial statements have been prepared under the historical cost convention and are in accordance with the Charities SORP (FRS102) ‘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 January 2019)’, Financial Reporting Standard 102 ‘Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
## **b) Incoming resources**
- **i) Donations and legacies**
- Donations and legacies are recognised in the period in which the charity has entitlement to the income, the amount of income can be measured reliably, and it is probable that the income will be received. In the event of donations pledged but not received, the amount is accrued for where the receipt is considered probable.
## **ii) Bank interest and dividends**
Bank interest and dividends are included in the income and expenditure account on receipt, or when notification has been received of the amount due.
## **iii) Other income**
Sales of services are included in the income and expenditure account in the period to which they relate. Other income is included as it is received.
## **iv) Gifts and Intangible income**
In addition to the above, the charity also receives help and support in the form of voluntary assistance in staffing the shops in the hospital.
The financial value of services provided by volunteers has not been included in these accounts; however, the management team of The Friends of the Conquest Hospital acknowledges and greatly appreciates the high contribution which volunteers make to the charity with their enthusiasm and dedication. There were 30 volunteers active during the year.
## **v) Deferred income**
If grants were to be received in advance of the period in which the funder required the expenditure to be applied, they would be shown as deferred income within the balance sheet.
Page 12
## **FRIENDS OF CONQUEST HOSPITAL CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **For The Year Ended 30 June 2024**
## **1. Accounting policies (continued)**
## **c) Resources expended**
All expenditure is accounted for on an accruals basis. All expenditure directly related to the provision of equipment for the hospital is included within charitable expenditure. Other costs incurred have been allocated between fundraising and publicity and management and administration as appropriate. Where such costs relate to more than one functional cost category they have been split on an estimate of time or floor space basis, as appropriate.
## **d) Fixed assets and depreciation**
Fixed assets are included at cost. Items are capitalised if their value is over £500. Depreciation is charged on a straight line basis on the costs of the assets over their estimated useful lives as follows:
Fixtures, fittings and equipment - 3 years Computers - 3 years
## **e) Restricted funds**
Income received for the restricted purposes is included in a separate restricted fund against which appropriate expenditure is allocated.
## **f) Designated funds**
Designated funds are allocated out of unrestricted funds by the trustees for specific purposes. The use of such funds is at the trustees’ discretion.
## **g) Pension**
The charity operates a defined contribution group personal pension plan for its employees. Payments are charged to the income and expenditure account in the period in which they are incurred.
## **h) Leases**
Rental costs under operating leases are charged to the statement of financial activities in equal amounts over the period of the leases **.**
## **i) VAT**
The charity is registered for VAT and is able to recover VAT.
Page 13
## **FRIENDS OF CONQUEST HOSPITAL CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED**
## **For The Year Ended 30 June 2024**
## **2 Income from donations and legacies**
|Unrestricted
£
Books donations received
1,000
General donations received
4,158
Gift aid donations
391
Small donations (GASDS)
3,706
Legacies
-
Courtyard Gardens donations
-
Other
-
9,255
**3 Income from shop trading and other activities**
Unrestricted
£
Membership subscriptions
442
Fundraising events:
For general funds
8,395
For courtyard gardens
-
Shop trading income
Main shop
310,668
Flower shop
15,420
Cards donations
-
334,925
**4 Income from investments**
Unrestricted
£
Bank interest
-
BlackRock
Charinco Common Inv. Fund
3,346
CCLA
COIF Charities Inv. Fund
2,407
5,753|Restricted
£
-
121,272
-
-
-
4,826
-
126,098
Restricted
£
-
-
684
-
-
-
684
Restricted
£
-
-
-
-|2024 Total
£
1,000
125,429
391
3,706
-
4,826
-
135,352
2024 Total
£
442
8,395
684
310,668
15,420
-
335,609
2024 Total
£
-
3,346
2,407
5,753|2023 Total
£
-
10,133
2,639
5,704
40,413
9,270
-|
|---|---|---|---|
||||68,159|
||||2023 Total
£
304
8,367
11,897
264,527
14,160
-|
||||299,254|
||||2023 Total
£
-
3,346
2,398|
||||5,744|
Page 14
## **FRIENDS OF CONQUEST HOSPITAL CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED**
## **For The Year Ended 30 June 2024**
|**5**|**Analysis of expenditure on**|**charitable activities**|||||
|---|---|---|---|---|---|---|
|||Main shop|Flower|Activities and|||
|||expenditure|Shop|hospital|2024|
2023|
||||expendi|equipment|Total|Total|
||||ture||||
|||£|£|£|£|£|
||**Charitable Activities**||||||
||Staff costs|49,531|
-|
14,815|64,346|57,390|
||Other direct costs|222,042|
8,689|
70,302|301,033|227,822|
||Depreciation|-|
-|
-|-|-|
||Support costs|7,035|
475|
26,476|33,986|25,776|
||Total Expenditure by Activity|278,608|
9,164|
111,593|399,365|310,988|
|||Main shop|Flower|Activities and|2024|
Basis of|
|||expenditure|Shop|hospital|Total|allocation|
||||expendi|equipment|||
||**Support Costs 2024**||ture||||
|||£|£|£|£||
||Independent examination fee|
-|
-|
900|900|full cost|
||CEO and secretary fees|-|
-|
12,145|12,145|Full cost|
||Accountancy & payroll costs|75|
75|
6,900|7,050|full cost|
||Marketing|-|
-|
600|600|full cost|
||Office, IT & communications|5,079|
379|
3,864|9,322|usage|
||Premises & insurances|131|
21|
1,301|1,453|space|
||Maintenance, repairs & other|
1,750|
-|
766|2,516|full cost|
||Support costs Total|7,035|
475|
26,476|33,986||
|||Main shop|Flower|Activities and|2023|
Basis of|
|||expenditure|Shop|hospital|Total|allocation|
||**Support Costs 2023**||expendi|equipment|||
||||ture||||
|||£|£|£|£||
||Independent examination fee|
-|
-|
900|900|full cost|
||Accountancy & payroll costs|150|
-|
7,180|7,330|full cost|
||Marketing|-|
-|
8,861|8,861|full cost|
||Office, IT & communications|2,203|
548|
2,642|5,393|usage|
||Premises & insurances|(116)|
(85)|
966|765|space|
||Maintenance, repairs & other|
1,777|
52|
698|2,527|full cost|
||Support costs Total|4,014|
515|
211,247|25,776||
Page 15
**6**
## **FRIENDS OF CONQUEST HOSPITAL CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED**
## **For The Year Ended 30 June 2024**
## **Net surplus for main shop trading which includes items of both income and expenditure**
|**Net surplus for main shop trading which includes items of both income and expenditure**|**Net surplus for main shop trading which includes items of both income and expenditure**|**Net surplus for main shop trading which includes items of both income and expenditure**|
|---|---|---|
|2024
2023
£
£
£
£
Main shop sales
306,610
259,423
add sales of donated books
-
-
add small donations in shop
-
-
add discounts
(1,174)
-
add lottery commission
5,233
5,104
310,668
264,527
Stock at 1 July
6,599
8,273
Add: purchases
226,898
193,282
Less: Stock at 30 June
(13,704)
(6,599)
Cost of stock used
219,793
194,956
Staff salaries
49,531
43,423
Volunteer expenses
392
116
Equipment & office costs
5,114
2,203
Debit and credit card charges
2,214
7,191
Insurance & rates
131
(116)
Repairs and maintenance
1,453
1,830
Depreciation of new fixtures & fittings
-
-
278,629
249,603
Main shop net surplus
32,039
14,924
**Net surplus for flower shop trading which includes items of both income and expenditure**
2024
2023
£
£
£
£
Flower shop sales
15,420
14,160
add small donations in shop
-
-
add cards donations
-
-
add discounts
-
-
15,420
14,160
Stock at 1 July
1,580
1,216
Add: purchases
7,109
7,351
Less: Stock at 30 June
-
(1,580)
Cost of stock used
8,689
6,987
Staff salaries
-
-
Volunteer costs
-
-
Maintenance
-
-
Equipment and office costs
379
548
Debit and credit card charges
-
-
Other & costs of top up facility
75
52
Rent & Rates
21
(85)
Depreciation of new fixtures & fittings
-
-
9,164
7,500
Flower shop net surplus (deficit)
6,256
6,658|||
||||
|||7,500|
|||6,658|
Page 16
## **FRIENDS OF CONQUEST HOSPITAL CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED**
## **For The Year Ended 30 June 2024**
## **7 Net income / (expenditure) for the year**
|This is stated after charging:
Independent Examination/Audit costs
Depreciation of shop fittings
**8 Information regarding Trustees, Directors and Employees**
Wages and salaries
Pension costs
The average number of employees, analysed by function was:
Charitable purposes (shop employees)
Fundraising & publicity
Management and administration of charity
No employee received remuneration of more than £30,000.|2024
2023
£
£
900
900
-
-|
|---|---|
||2024
2023
£
£
63,478
56,697
868
693|
||64,346
57,390|
||2024
2023
2
2
-
-
1
1|
||3
3|
|||
No Trustee was remunerated for any services, or accrued any benefits under pension schemes. Travel costs amounting to £nil (2023 £nil) were reimbursed to members of the Trustee Board. The charity paid £1,301 in the year ended 30 June 2024 for various insurance services, including professional indemnity cover.
|**9 Investments**
**Blackrock Charinco**
**Common Investment Fund units**
As at 1 July 2023
Additions
Revaluation during the year
**CCLA - COIF Charities Investment**
**Fund Income Units**
As at 1 July 2023
Disposal
Revaluation during the year|**2024 Market Value**
77,727
-
2,613
80,340
82,787
-
6,755
89,542
169,882|**2023 Market Value**
89,512
-
(11,785)
77,727
80,276
-
2,511
82,787
160,514|**2023 Market Value**
89,512
-
(11,785)
77,727
80,276
-
2,511
82,787
160,514|
|---|---|---|---|
||||160,514|
Page 17
## **FRIENDS OF CONQUEST HOSPITAL CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED**
## **For The Year Ended 30 June 2024**
|**10 Fixed assets (Shop fittings)**
Cost
At 1 July 2023
Additions
Disposals
At 30 June 2024
Depreciation
At 1 July 2023
Charge for the year
Disposals
At 30 June 2024
Net book value 2024
Net book value 2023
**11 Debtors**
Lottery deposit held by Camelot
HMRC (gift aid and other claims)
Prepayments
**12 Creditors - amounts falling due within one year**
VAT creditors
Accruals
Independent examination/Audit fee
**13 Analysis of net assets between funds**
General
Funds
£
Fixed Assets
-
Investments
169,882
Current Assets
70,820
Current Liabilities
(10,371)
Net Assets
230,331|**10 Fixed assets (Shop fittings)**
Cost
At 1 July 2023
Additions
Disposals
At 30 June 2024
Depreciation
At 1 July 2023
Charge for the year
Disposals
At 30 June 2024
Net book value 2024
Net book value 2023
**11 Debtors**
Lottery deposit held by Camelot
HMRC (gift aid and other claims)
Prepayments
**12 Creditors - amounts falling due within one year**
VAT creditors
Accruals
Independent examination/Audit fee
**13 Analysis of net assets between funds**
General
Funds
£
Fixed Assets
-
Investments
169,882
Current Assets
70,820
Current Liabilities
(10,371)
Net Assets
230,331|Main Shop
36,242
-
-|Flower Shop
Total
£
£
6,515
42,757
-
-
-
-|
|---|---|---|---|
|||36,242|6,515
42,757|
|||36,242
-
-|6,515
42,757
-
-
-
-|
|||36,242|6,515
42,757|
|||-
-|-
-
-
-
2024
2023
£
£
-
-
-
-
-
-|
||||-
-|
||||2024
2023
£
£
1,471
3,127
7,820
3,411
1,080
1,080|
||||10,372
7,618|
|||Designated
Restricted
Total
Funds
Funds
Funds
£
£
£
-
-
-
-
-
169,882
-
212,457
283,277
-
-
(10,371)||
||230,331|-
212,457
442,788||
Page 18
## **FRIENDS OF CONQUEST HOSPITAL CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED**
## **For The Year Ended 30 June 2024**
|**14 Movement in funds**
Restricted Funds
Ambulance Service
Ashburnham Ward
Baird Ward
Bereavement Room
Cardiology
Cookson Devas Ward
Cookson Attenborough Ward
Coronary Care Unit
Courtyard gardens restoration
Discharge Lounge Courtyard
Egerton Ward Courtyard
Kipling Ward Courtyard
McDonald Ward Courtyard Gdn
SCBU Courtyard
Critical Care Unit (with ICU & HDU)
CCU Sensory Garden
De Cham Ward
Egerton Ward
Emergency Department
Endoscopy Department
Frank Shaw Ward
Gardner Ward
James Ward
Judy Beard Ward
Kipling Ward
Marketing and Research
Maternity intensive care
Murray Ward
Music expenses
Newington Ward
Occupational Therapy
Oncology Department
Operating Theatres
Ophthalmic Day Unit
Phlebotomy & Respirtory Depts
Scanner appeal
SCBU
Storz Stack System
Ticehurst Ward
Wellington Ward
Wellbeing Fund
From the estate of Mrs Hazel Kennedy
Staff of Cookson Devas Ward
Total Restricted Funds
Unrestricted Funds
General funds
Total Unrestricted funds
Total funds|At 1
July
Income
Expenditure
Transfers
At 30
June
2023
& Gains
2024
£
£
£
£
£
200
-
-
-
200
220
-
-
-
220
-
172
-
-
172
987
-
-
-
987
1,010
-
-
-
1,010
50
-
-
-
50
-
25
-
-
25
190
-
-
-
190
24,370
4,664
(7,511)
-
21,523
55
-
-
-
55
3,041
696
-
5,000
8,737
-
150
-
-
150
4,648
-
-
-
4,648
(2,058)
-
-
2,058
-
18,584
-
-
-
18,584
976
-
-
-
976
235
500
-
-
735
21,993
-
-
(5,000)
16,993
40
-
-
-
40
1,130
40
-
-
1,170
-
5
-
-
5
140
-
-
-
140
101
357
-
-
458
665
-
-
-
665
760
-
-
-
760
-
1,000
-
-
1,000
1,607
-
-
-
1,607
191
-
-
-
191
3,710
300
(4,125)
-
(115)
5,946
-
(1,512)
-
4,434
2,105
-
-
-
2,105
-
1,000
-
-
1,000
-
25
-
-
25
10
-
-
-
10
-
5,210
-
-
5,210
628
100
(15)
-
713
230
340
-
-
570
-
111,588
-
-
111,588
25
-
-
-
25
1,405
610
-
-
2,015
3,503
-
-
-
3,503
-
-
2,500
-
-
-
2,500|
|---|---|
||99,196
126,782
(13,163)
2,058
214,872|
||259,546
361,716
(388,873)
(2,058)
230,331|
||259,546
361,716
(388,873)
(2,058)
230,331|
|||
||358,742
486,082
(402,036)
-
442,788|
Page 19
## **FRIENDS OF CONQUEST HOSPITAL CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED**
## **For The Year Ended 30 June 2024**
## **15. Purposes of restricted funds**
If donors ask for a particular ward to benefit from their donation, then the donation is treated as a restricted fund and only used for that purpose (see note 14 for a full list of restricted funds).
## **16. Designated fund**
At the year end there were no designated funds.
## **17. Financial commitments**
## **Capital Commitments**
At the balance sheet date, no capital commitment existed.
## **18. Related party transactions**
There have been no related party transactions in the reporting period that require disclosure.
## **19. Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **20. Pension costs**
A pension scheme for employees is operated on a defined contributions basis. The scheme is open to all employees at any time. The charity contributes 2% of pensionable earnings to match employees’ contributions. The assets of the scheme are held separately from those of the company in an independently administered fund. The fund administrators are NEST.
The pension cost shown in the accounts for the year represents contributions payable by the charity and amounted to £868 (2023 £693). There were no contributions payable or outstanding at the year end.
Page 20
## **FRIENDS OF CONQUEST HOSPITAL CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED**
## **For The Year Ended 30 June 2024**
## **21 Direct Charitable Expenditure**
|**21 Direct Charitable Expenditure**|||
|---|---|---|
|**on behalf of the Conquest**
**Hospital**
**and the community**
23/519
Cystascopes
23/520
Manual Raiser for Newington
Ward
23/521
3 x Transnasal Endoscopes
C21 Ticehurst Pond Table and
Chairs
C21
Courtyard Gardens
A & E Courtyard
SCBU Courtyard
Music
Scanner Appeal|Unrestricted
Restricted
£
£
29,102
-
-
1,512
27,712
-
-
329
-
1,966
-
4,921
-
167
-
128
-
4,125
-
15
56,814
13,163|2024 Total
£
29,102
1,512
27,712
329
1,966
4,921
167
128
4,125
15|
|||69,977|
Page 21
## **FRIENDS OF CONQUEST HOSPITAL CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED**
## **For The Year Ended 30 June 2024**
|**22. Comparative income and expenditure by fund type**
Unrestricted funds
**2024**
2023
**£**
£
**Income from:**
Donations and legacies
**11,670**
53,019
Other trading activities
**334,925**
286,598
Investments
**5,753**
5,744
**352,348**
345,360
**Expenditure on:**
Raising funds
**2,671**
2,876
Charitable activities
**386,202**
302,889
**388,873**
305,765
**Net income / (expenditure)**
**(36,525)**
39,596
**Transfers between funds**
**(2,058)**
-
**Unrealised gains on investments**
**9,368**
(9,274)
**Realised loss on disposals**
**-**
-
**Net movement in funds**
**(29,215)**
30,322
**Reconciliation of funds:**
Total funds as at 1 July 2023
**259,546**
229,224
**Total funds as at 30 June 2024**
**230,331**
259,546|Restricted funds
**2024**
2023
**£**
£
**123,682**
15,140
**684**
12,657
**-**
-
**124,366**
27,797
**-**
2,038
**13,163**
8,099
**13,163**
10,137
**111,203**
17,660
**2,058**
-
**-**
-
**-**
-
**113,261**
17,660
**99,196**
81,536
**212,457**
99,196|Restricted funds
**2024**
2023
**£**
£
**123,682**
15,140
**684**
12,657
**-**
-
**124,366**
27,797
**-**
2,038
**13,163**
8,099
**13,163**
10,137
**111,203**
17,660
**2,058**
-
**-**
-
**-**
-
**113,261**
17,660
**99,196**
81,536
**212,457**
99,196|
|---|---|---|
|||27,797|
|||2,038
8,099|
|||10,137|
|||17,660
-
-
-
17,660
81,536|
|||99,196|
Page 22
## **FRIENDS OF CONQUEST HOSPITAL CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED**
## **For The Year Ended 30 June 2024**
Historical record of monies raised by the Friends of the Conquest and Direct Charitable Expenditure for the benefit of the Conquest Hospital and community
|Year|Monies Raised|Direct Charitable|
|---|---|---|
||After Costs|Expenditure|
||£|£|
|2000|62,815|108,174|
|2001|145,045|136,240|
|2002|102,918|96,857|
|2003|91,443|36,638|
|2004|91,771|85,392|
|2005|43,306|67,750|
|2006|76,290|98,237|
|2007|70,587|68,394|
|2008|192,609|100,268|
|2009|93,560|75,201|
|2010|77,579|113,997|
|2011|54,628|58,618|
|2012|99,880|15,808|
|2013|107,960|132,327|
|2014|246,339|135,047|
|2015|190,653|225,384|
|2016|222,951|262,624|
|2017|
623,922|119,290|
|2018|236,931|233,961|
|2019|751,166|1,147,226|
|2020|172,797|82,484|
|2021|205,770|39,919|
|2022|57,420|429,386|
|2023|75,998|18,742|
|2024|144,655|69,977|
|**TOTAL**|**4,238,993**|**3,957,941**|
This page does not form part of the statutory accounts.
Page 23