Charity registration number
1184477
Friends of Westminster Memorial Hospital
ANNUAL REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
Friends of Westminster Memorial Hospital
Contents of the Financial Statements for the Year Ended 31 December 2023
| Page | |
|---|---|
| Report of the Trustees | 3-11 |
| Independent Examiner's Report | 12 |
| Statement of Financial Activities | 13 |
| Balance Sheet | 14 |
| Statement of Cash Flows | 15 |
| Notes to the Financial Statements | 16-24 |
Page 2
Friends of Westminster Memorial Hospital
Report of the Trustees for the Year Ended 31 December 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement Of Recommended Practice applicable to charities preparing their account in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the CIO shall be the physical and mental relief, care and wellbeing of the patients and former patients of Westminster Memorial Hospital, Shaftesbury, and Dorset HealthCare including the elderly and those suffering from the disabilities of old age or otherwise being in need.
All decisions relating to the organisation and operation of the charity are made by the Trustees, taking professional advice from advisers and third parties where it is deemed appropriate.
In exercising their powers or duties, the Trustees have complied with their duty to have due regard to the guidance published by the Charity Commission on public benefit.
To further these objects, the CIO promotes it name to encourage subscribers ('Friends'), donations and legacies as well as running fundraising events and appeals.
The CIO maintains strong links with the Hospital and Dorset HealthCare as well as looking to increase links to other health providers and businesses.
The Constitution was amended on 30th June 2023.
ACHIEVEMENT AND PERFORMANCE
Hospital Events Committee
Covid-19 restrictions continue to hamper our hospital events program, due to restrictions on previous use of the therapy and day room for events. Permission was granted for one annual garden event and a compromise on the use of the therapy room for CIO volunteers was reached. However, permission was not granted for visitors to use toilet facilities. The Spring Fair, Saturday 27th May between 2-4:30pm, had each hospital department hosting a stall. The CIO purchased 2 gazebos and Jim Clarke kindly sponsored a marque. With each hospital department taking responsibility for a stall, there were many more stalls could be otherwise be managed by the Hospital Events Committee alone. The raffle for the King Size Celtic Knot Quit, kindly made and donated by the Shaftesbury Evening WI, was sold out and the ticket drawn, raising £1,500. Fine weather and a good turnout made the Fair the most successful to date.
Despite restrictions the committee was able to continue administering ‘Matron’s Shopping Trolley’ and arrange a Christmas coffee morning in the Quakers Meeting House on Saturday 16th December. Due to poor weather, competing events in town, as well as carols at the Grosvenor, the event was not as well attended as anticipated. The decision has been made to hold no further coffee mornings for the time being.
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Friends of Westminster Memorial Hospital
Report of the Trustees for the Year Ended 31 December 2023 (continued)
ACHIEVEMENT AND PERFORMANCE (continued) Charitable activities
Fundraising – Fundraising continues to prove difficult with none of our usual timetable of events running except for the Spring Fair and the now 2-day Gillingham & Shaftesbury Show. Due to Hospital restrictions, a Christmas coffee morning was held at the Quakers Meeting House. The main source of fundraising, excluding the annual appeal, continues to be from community organised events, collection boxes and ad hoc donations.
Matron’s shopping trolley – The CIO continues to provide for Matron’s shopping trolley with requests presented at each Hospital Events Committee meeting. Requests come from across all the departments and are required to be beyond the scope of the NHS and also provide either ease and comfort for patients or extra training and equipment for staff.
Christmas cards – Following the successful sale of Christmas cards in 2022, cards were sold in the Tourist Information Centre (now in Morrisons), Thorngrove Garden Centre, Shaftesbury Post Office, East Knoyle Post Office, East Stour and for the first time since Covid-19, the Hospital Reception. We continue to seek further outlets for our Christmas cards.
Easter daffodils – The Hospital Events Committee arranged fresh daffodils in vases to be distributed to all patients over Easter. These were delivered in person by various members of the committee/trustee board and were extremely well received by patients.
Neils Yard goodie bags – Neils Yard generously provided a number of ‘wellbeing’ goodie bags.
ArtCare – The CIO funds weekly patient activates to help engage patients to improve both physical and mental dexterity as well as time away from their beds. The sessions rotate weekly with Arts & Crafts on the first Wednesday, Gardening (eg flower arranging and bulb planting) on the second, Storytelling/poetry/discussions on the third and Music on the fourth.
Physio rehab – Due to space constraints the CIO funded a year’s trial of two weekly rehabilitation classes (Move to improve and Active back) at Riversmeet in Gillingham. Using Riversmeet allowed the Move to Improve class size to double, more patients to take part in the Active back class and also increase the available space for one-to-one physiotherapy at the Hospital.
Tesco Easter eggs – The CIO organized 150 Easter eggs for staff as a thank you and these were kindly donated by Tesco.
Collection pots – Continue to provide a small but steady revenue stream and a volunteer is, or volunteers are, required to oversee their distribution, emptying and seek other shops to host them.
Hospital garden – The CIO continued to provide the garden volunteers with an annual grant of £300pa. In March, Lynne Fish kindly donated a pear tree, and the volunteers won £50 along with a certificate for having won the Rotary Caldwell Award in 2022. Terry Matthews, lead garden volunteer, hosted a Tea Dance in October that raised over £500. It is hoped that over the next few years the volunteers will be able to raise enough through events and plant sales to be self-sufficient. Beyond maintaining the rehab garden, the volunteers ensure a colourful outlook for patients as well as a considerable bounty of fresh organic vegetables and herbs for the kitchen to use for patient meals. Not only are the vegetables fresh and healthier but the cost savings allow more free meals for families of palliative care patients.
In-house media – Despite agreement with Dorset HealthCare to proceed with the trial, with approved infection control measures, this is still pending due lack of suitable patients to carry out the trial. However, staff would still like to see the system evolve to include information currently provided on paper, such as menus, exercises, and other appropriate patient advice.
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Friends of Westminster Memorial Hospital
Report of the Trustees for the Year Ended 31 December 2023 (continued)
Charitable activities (continued)
Website – A new website is being designed and photographs are being taken when access to the various hospital departments is allowed. Once the site has been designed, content will need to be written.
Appeal 2023 – Raised £4,630 for a continuous vital signs monitor for Minor Injuries Unit (MIU). Significant grants for the continuous vital signs monitor consisted of £1,900 from Shaftesbury Town Council, £1,000 from the Carnival and the final £1,300 grant from Gillingham, Mere & Shaftesbury Lions Club.
Elizabeth Hazelwood was fundraising £14,990 towards a Canon CR-2 AF and slit lamp microscope for outpatient diabetic eye testing. However, when equipment belonging to Salisbury Hospital was unearthed, fundraising was put on hold.
1 Abbey Walk – In January the CIO let the property to Rural Mental Health Matters for £100 a month plus bills, for 3 months, to support a local enterprise whilst keeping the property warm and occupied. The property was Leased to Dorset HealthCare from 1st April but the quote for the works was almost double what could be afforded. This required a remodel the building without the first-floor extension, a new planning application (approved on 2nd October) and a new tender package with a closing date of 10th November. This meant that building works did not commence in 2023, however the CIO received rent and was not responsible for the maintenance or running costs of the property.
Pepperell House – After 14 months of intensive, almost daily, 3-way negotiations, the trustees decided to accept the generous gift of Pepperell House by the Trustees of the Pepperell Blackmore Vale Society to the CIO.
The transfer was completed on 23rd August and simultaneously, a nil-rent, short-form lease was signed with Dorset HealthCare so that the responsibility for insuring and managing the building was at no time the responsibility of the CIO. It was agreed with Dorset HealthCare that the new wing would be used to trial 8 step-down mental health beds, the only beds of this type in Dorset, to provide accommodation for up to 12 weeks for those patients who no longer required a clinical bed were not able to immediately return home. At the end of 2023, discussions were ongoing with regards the use of the rooms in the old wing although it was agreed that the CIO would have one room for an office (part of the long-term strategy set out in 2019) and another for the Friends Events Committee for communal baking, gathering, recruiting and small events for subscribers.
Trustee Board
Beyond the day to running of the charity and the appeal, the focus throughout 2023 was,
i) supporting the Pepperell Blackmore Vale Society with the transfer of Pepperell House to the Friends, whilst working with Dorset HealthCare and other community providers to assure the best use of the property, and ii) re-designing 1AW to ensure that the building works were affordable whilst providing for the needs of the growing Adult Community Mental Health Team.
iii) Building a website.
The 2023 Newsletter had to be postponed due to the scale of work being undertaken during the year.
The CIO’s 2nd (Friends 74th) Annual Meeting, was held on Tuesday 1st August at the Royal British Legion, Coppice Street. This location provides level access, parking and kitchen facilities allowing the preparation and serving of tea, coffee, soft drinks and biscuits. Attendance stood at 26 which is consistent with previous years.
No new Trustees were appointed but one Friends Events Committee member resigned due to ill health.
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Friends of Westminster Memorial Hospital
Report of the Trustees for the Year Ended 31 December 2023 (continued)
FINANCIAL REVIEW
Financial position
The CIO has free reserves of £69,038 as of 31st December 2023 (2022- £121,203). Free reserves are calculated by deducting ‘unrestricted’ fixed assets from the unrestricted (and undesignated) reserves held at year-end. Included in ‘unrestricted’ fixed assets are investments of £NIL* (2022 - £ NIL) which can be liquidated easily in addition to the free reserves above giving in total £69,038 (2022- £120,816) available. * The current balance on investments is not included in 2023 or 2022 as they have been allocated to cover restricted reserves.
The trustees consider this level of reserves to be sufficient to deliver charitable objectives for the next 12 months. The CIO holds total reserves of £2,427,313 (2022 – £1,600,148) of which £404,94 (2022 – £325,612) is restricted.
As noted elsewhere in these accounts the Charity was ‘gifted; Pepperell House in Shaftesbury which was valued at £800,000. In addition, £5,490 was credited to the restricted reserves on 1 Abbey Walk. A further £70,000 was transferred from Unrestricted Reserves to Restricted Reserves to ensure the completion of the 1 Abbey Walk conversion.
Investment policy and objectives
On inception, the CIO was set up for the purpose of purchasing 2 Abbey Walk and incorporating The League, and therefore held no investments. Upon merger with The League of Friends of The Westminster Memorial Hospital, Shaftesbury, the CIO received cash, an account with stockbrokers Redmayne Bentley and land at Chantry Fields. It is anticipated that;
•The CIO will create sufficient funds to enable core charitable spending through sustainable (subscriptions, donations, and events) and part-fund the long-term strategy through passive (investments) income.
•The CIO will fund larger purchases for Matron’s Shopping Trolley through annual appeals.
•The CIO, through legacies and large grants, will work alongside Dorset HealthCare to invest in its long-term strategy.
The long-term strategy aims to mitigate, address, or solve the inadequacies highlighted in the Dorset Clinical Commissioning Group’s ‘Strategic Outline Case for a Community Hub in Shaftesbury/Gillingham (final draft: 30th of June 2017)’ from the extract below:
"… The facilities at the hospital are currently well utilised and there is little scope to accommodate any new services. A number of services would like to be located at the hospital but are unable to due to lack of space; for example: There has not been enough space to offer accommodation to the mental health team;
There is inadequate space for the development of the extended nursing team;
Voluntary services in the local community would like to offer more services but limited space.
There are also problems of physical access to the site. Road access is extremely poor, and parking very limited; this is a serious problem for a facility serving a rural community where public transport is not an option for many. The site is landlocked and is accessible only by a narrow lane, meaning that it would be very challenging to address these access issues.
Design and structure of the building limit its flexibility and appropriateness for use in several ways. For example:
There is no lift. Whilst most accommodation on the first floor is non-clinical, it is necessary to hold some clinics there (for example, CAMHS clinics) because of lack of appropriate space elsewhere. Access for children with physical disabilities is therefore limited;
The need for some space designed in a 'softer', non-clinical way, for example for psychological therapies and counselling;
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Friends of Westminster Memorial Hospital
Report of the Trustees for the Year Ended 31 December 2023 (continued)
Investment policy and objectives (continued)
There is a lack of 'large spaces' for services such as CAMHS* that require more room than a typical clinic space"
*CAMHS - Children and Adolescent Mental Health Services
Beyond helping to mitigate the inadequacies highlighted above, in the long-term, the CIO will also seek to find accommodation for the extended nursing team, voluntary services linked to health & wellbeing, families of in-patients and newly arrived staff as well as office space. Accommodation is also required for CAMHS.
Since inception, the CIO has funded ingress and egress to the hospital site, increased parking, provided space for the Mental Health Steps2Wellbing Team and is on the way to providing accommodation for the Community Mental Health Team at 1 Abbey Walk, and 8 step-down Mental Health beds as well as another hospital service at Pepperell House. The CIO aims to find office space to allow for the growth of the trustee board currently working from home, space for the Hospital Events Committee and an archive to remove all the paperwork that is currently stored around the hospital.
Reserves policy
The purchase of 1 Abbey Walk necessitated the reduction of our reserves and these will be replenished from income derived from letting the property. Therefore, the reserve policy will remain as per 2022, viz when feasible, to maintain, an RPIlinked base reserve, starting from April 2025, of £200,000 to be held with Redmayne Bentley. This is built upon the inherited 2019 Reserves Policy, created by The League of Friends of The Westminster Memorial Hospital, Shaftesbury, that being: The agreed policy for the following 3 years (to end of 2022) was to keep unrestricted funds at no less than £180,000, that is, 3 years of the approximate mean spending, from the previous 6 accounting years of our core charitable spending i.e. Matron's Shopping Trolley.
Going concern and liquidity
The CIO is well placed to ensure continued support of core funding for Matron’s needs for the Hospital however, until the reserves are replenished, no further long-term strategy projects can be undertaken without further legacies or borrowing. In time core funding is anticipated to be funded from sustainable and passive income as well as appeals, with £12,000pa already coming from 2 Abbey Walk. When 1 Abbey Walk is let, this will boost income by a further £21,000pa to a total rental income of £33,000pa and we also expect to receive an income from the new wing of Pepperell House.
With the purchase of 1 Abbey Walk now complete, it has been agreed with Dorset HealthCare that the planned extension and refurbishment will be paid for out of further funds of £5,490 from amounts previously payable to Dorset HealthCare on the 1 Abbey walk Project, added to those credited last year by Dorset HealthCare, for the refurbishment of 2 Abbey Walk and the Access Road plus £70,000 from the CIO Unrestricted Funds.
With £2,427,313 of total reserves (of which £69,038 are free ‘unrestricted’ reserves that can be spent), it is felt that the CIO is well placed in the medium term (2024-2027) to deliver our plans as a going concern.
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Friends of Westminster Memorial Hospital
Report of the Trustees for the Year Ended 31 December 2023 (continued)
FUTURE PLANS
Matron's Shopping Trolley: We continue to provide for staff and patient needs, including training, refurbishments, inpatient supplies, medical equipment, ward newspapers, water coolers, capital and maintenance funding for the garden volunteers etc. It is hoped that when Covid-19 restrictions subside, we will be able to fund weekly ArtCare activity sessions for patients.
Annual appeal 2024/5: Is to landscape the gardens behind 1 and 2 Abbey Walk to provide a therapeutic environment for Mental Health and to increase the amount of vegetables and salad grown for the Hospital kitchens.
Long-term strategy: To convert 1 Abbey Walk for the use of the Adult Community Mental Health Service. To see Pepperell House occupied by step-down Mental Health patients in the new wing and another hospital service, along with CIO office space, in the old wing. Once these projects are complete, we will require further capital to continue with our long-term strategy.
Hospital Events: The Hospital Events Committee hopes to hold at least one event in the hospital gardens in 2024 and will continue to look for alternative venues to supplement events at the Hospital.
Fundraising events: Currently, there are no events planned for 2024.
Membership and database: Membership still needs to increase considerably if we are to match our peers. A Customer Relationship Management (CRM) database requires designing and linking to a compatible accounting package.
Newsletter: Intended to be produced before our annual meeting, ideally every Spring, subject to resources.
Annual Meeting: T To be held after the accounts have been adopted at The Royal British Legion Hall, Shaftesbury.
Trustees: Required to build and develop their own Communications, Membership & Networking, Technical Support, Corporate Membership teams, as well as those with specific experience in law, grant making and legacies.
Honorary roles: We require a President, Patrons and, in time, a Royal Patron.
Volunteers: We require volunteers to aid trustees in all areas of the charity, including with general secretarial work, grant applications, assisting at events and help setting up a network for 'Friends'.
Principle risks and uncertainties
The ‘Hospital Events Committee’, consisting of ex-trustees from the League of Friends, now meets on a regular basis at the Hospital but need new members.
The current number of trustees does not allow to the CIO to pursue all charitable activities it would like to undertake and there is a considerable work-load pressure upon the existing trustees to maintain the existing level of activity.
The risk to subscription income due to the increase in the cost of living and lack of regular communication is real and the ability to recruit is also affected.
Until the new website is live, the digital presence beyond Facebook is limited.
The Long-term strategy cannot proceed without further legacies or large injection of capital.
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Friends of Westminster Memorial Hospital
Report of the Trustees for the Year Ended31 December 2023 (continued)
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is a Charitable Incorporated Organisation (CIO), set up on 18 July 2019. The CIO is governed by its governing document which is based on the Charity Commission foundation model constitution, whose only voting member are the Charity Trustees.
The CIO replaced the previous unincorporated trust, 'The League of Friends of the Westminster Memorial Hospital Shaftesbury' (the League), whose constitution was approved at an EGM on 4 November 1980. The Objects and Powers of the CIO remained those of the erstwhile charity (see below).
The CIO have added a clause to allow for the removal of Trustees to our Governing document.
Charity constitution
The CIO was set up in July 2019 to provide a safe modern replacement legal structure to the existing unincorporated trust, following advice from out accountants, Ward Goodman, in January 2019. The Constitution was last amended on 30th June 2023.
To bring the CIO constitution up to date, as planned and noted in previous Trustee reports, the Charity Commission consented to the changes on 27th June 2023 and the Trustees resolved to adopt the new constitution at an EGM on 30th June 2023 at which point the Constitution was deemed amended. The changes were made to include our work with Dorset HealthCare, Mental Health, and all allow for possible future ventures and to expand and modernise hospital facilities, for the long-term preservation of the Hospital.
The CIO has updated the Powers to more closely align with the CIO Objects.
It should be noted that the previous League of Friends' Trustees and core charitable activities (Matron's Shopping Trolley and Events at the Hospital, St. Denis Lodge and Gillingham and Shaftesbury Show), continue under the Hospital Events Committee (HEC), which from 2024, will be known as the Friends Events Committee.
Recruitment and appointment of new trustees
Apart from the first charity trustees, every trustee will be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selection of individuals for appointment as charity trustees, the charity trustees will have regard to the skills, knowledge and experience needed for the effective administration of the CIO. The constitution currently allows six trustees.
The CIO seeks to appoint up to 5 more trustees with a wide range of talents and experience to assist in achieving its objectives.
Due to the size of the CIO, new trustees must be willing to provide both executive management in their own areas of expertise, such as communication & PR, CRM systems integration, building a network of volunteers and specific areas of fundraising like grants and legacies, as well as general trustee responsibilities.
At the AGM, Julian Prichard was re-appointed as chair.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud, error and reputational loss.
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Friends of Westminster Memorial Hospital
Report of the Trustees for the Year Ended 31 December 2023 (continued)
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity Number 1184477
Principle Address Westminster Memorial Hospital Abbey Walk Shaftesbury SP7 8BD
Trustees
Julian Pritchard - Chair Justine Elmendorff - Vice Chair Nigel House - Treasurer Emmell Salih (Appointed 13th September 2024)
Advisors
Mark Edmunds - IT and CRM Dr Richard Skaife - IT and Strategic Working Group Elizabeth Heath - Secretary
Hospital Event Committee / ex-Trustees of the League of Friends Bobbie Perrin (Resigned April 2024) Denise Potter Jim Clarke Pat Hayter (Honorary) Jane Mitchell (Resigned June 2024) Jan Dingley
Ex Officio Helen Lawes - N Dorset Locality Manager Alison Law - WMH Matron Carole Paul - WMH General Office Administrator and CIO Membership Secretary
Independent Examiner Miss J A Richardson FCA FCCA DChA 32 Award Road Wimborne Dorset BH21 7NT
Stockbrokers Redmayne Bentley LLP 139 Commercial Road Poole BH14 0JD
Page 10
Friendsof We5tmlnster Memorlal Hospitsl Report ofthe Trusteeskn the Ye¥ Ended 31 December 2023 (continued) REFERENCE ANDADMIN15fRATIVE oAlL5 Icontlnuedl kers Subscrlptlons and donatlons- Lloyds bk plc, PO Box 1000, BXI ILT Reserve Accounts-CAF BankLtd, 15 ngSHIll A¥enue, King5 Hlll, west Mallln& ME19 4JQ Appea15- Nat West, The Common& Shaftesbury, SP7 8JY SollcltOlS Par15 Smlth Solicitors, 9 Parchment Street, Winchester, S023 8AT Rutter & Rutter Solicitor5, St AudreySfft WITrctO. Somerset. BA9 9DR Lester Aldridge, Alleyn House. 23-27 Carlton Crescent, Southanpton, SOIS 2EU 11 Iiol.l*.............. Approved by order of the board of trustees on..... and signed on its behalf by= J Prichard-Trustee Pagell
Frlend50f We5tmin51er Memowial H05Pital Independent examlner'sreport to the trusteesof Frlends ofwestmlnstei Memorial H05Pital I report to thecharity trusteeson my examination of the accountsof FridS of Westminster Memorial Hospital for the year ended 31 December 2023. This report Is madesolely to thecharity'strustees, as a body, in accordance with section 154 of the Charities Act 2011. My independent examiner's work has been underrtaken so that I might stateto the charity's trustees those Matter51 am required to state to them in an independent examiner's report and for no other purpose. To thefvllest extent permitted by law, I do not accept or assume responsibility to anoyoneother than the charity. the charitys membersas a body for my independent exarniner s work, for this report, orfor theopinions I have formed. Re5ponslbllltles baslsof report Asthe charitytrustees of the Charity you are responsiblefor the preparation of theattounts in accordance with the requirements of the CharitiesAct 2011 lthektl. I report in respect of my examination of thecharity'saccounts carried out under Section 145 of thekt and in carrying out my examination I havefollowed all applicable DIrtiOnsg1Ven by the Charity Commission under Section 14515llbl of the Act. Independentexanlner'sStatement Sinceyour charity's gross income exceeded £250.000 your aMiner rnust be a member of a listed body. I can confirm that l am qualified to undertakethe examination btyause l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodie5. I havecompleted my examination. I confirm that no material matters havecometo my attention in connection with the examination giving mecauseto bdievethat in any rnaterial respect- l. Accounting records were not kept in respect of theTrust as required by Section 130 of theAct: or 2. the accounts do not accord with those rcf ords: or 3. the accounts do not comply with theapplitable requirements concerning theform and content of accounts set out in thecharities Ikcounts and Reports) Regulation5 2008 other than any requirement that theaccounts give a trueand fair view which is not a matter considered part of an independent examination. I have no concernsand havecomeacross no other matters in connection with theexamination to which attention should bedrawn in this report in order to enablea proper understandingof theaccountsto be reached. 1ssJA Rlchwdson FCA FCCA DChA Page 12
Friends of Westminster Memorial Hospital
Statement of Financial Activities
for the Year Ended 31 December 2023
| Notes Unrestricted Restricted £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 828,260 12,372 Other trading activities 3 19,591 1,546 Investment income 4 8,986 - Other income 250 - TOTAL 857,087 13,918 EXPENDITURE ON Raising funds 5 20,979 3,139 Charitable activities 6 19,404 1,449 TOTAL 40,383 4,588 NET INCOME 816,704 9,330 Net gains and losses on investments 1,132 - Movement in funds 817,836 9,330 Transfers between funds 15 (70,000) 70,000 RECONCILIATION OF FUNDS Total funds brought forward 1,274,536 325,612 TOTAL FUNDS CARRIED FORWARD 2,022,372 404,942 |
2023 Total funds £ 840,632 21,136 8,986 250 871,004 24,118 20,853 44,971 826,034 1,132 827,165 - 1,600,148 2,427,313 |
2022 Total funds £ 373,747 14,397 5,456 150 |
|---|---|---|
| 393,750 | ||
| 12,774 31,877 |
||
| 44,651 | ||
| 349,099 20,974 370,073 - 1,230,075 1,600,148 |
The notes form part of these financial statements
Page 13
FrfeDdsofWe#mlnAerMemorfd Hwltal Baknce Sheet31 DecemberZOZ3 2023 Totsl thnds 2022 Totalfund5 ilnrestrlcted RestFlcted FfAED ASSEtS Tanglble fixed assets Invesiments Totsl fixed assets I5333 1,953.333 201.889 2.15S.223 1,153,333 193,027 1.346,360 io 201.889 201.889 1.953.333 CURRENfASSErs Debtors stocks Cash at bankandln lTrand Totsl current *sets li 12 5,361 185 87.228 92.774 5.361 185 290,280 295.B27 5,174 206 287,790 293,170 203.053 203,053 CREDITORS Amountsfalllngdue wlthlnune aT 13 23.736 23,736 39,382 Net¢urrent assets 69.037 203.053 272.090 253.788 NEfASSEFS 2.012.371 404.942 2.427.313 1,600.148 FUNDS OFTHE CHAR Restrlcted funds Unrestrlcted ndS 404,942 404.942 2.022,371 325,612 1.274.536 2.022.371 TOTAL FUNDS 14 2.022.371 404.942 2,427313 1,600.148 Theftnanclal statementswereapproved bytheBoard ofTru5teesand authorfsedfor issueon......!£.l.ID I.t andweresl8ned on Its behalf br. NHouse-Tru5tee J Prl¢hard-Trustee Then0te5fO partofthe5efinandal Statts Page 14
Friends of Westminster Memorial Hospital
Statement of Cash Flows for the Year Ending 31 December 2023
| Note Cash flows from operating activities Cash generated from operations A Cash flows from investing activities Purchase of tangible fixed assets Purchase and sale of investments Interest received Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period B Note A Net income as per SOFA Interest received Investment fees Decrease/(increase) in debtors Decrease/(increase) in stock (Decrease)/increase in creditors Note B At 1st January 2023 Cash at bank and in hand 287,790 |
2023 2022 £ £ 802,167 91,722 |
|---|---|
| (800,000) (550,000) (8,662) 13,224 8,986 5,456 (799,677) (531,320) |
|
| 2,490 (439,598) 287,790 727,388 290,280 287,790 |
|
| 2023 2022 £ £ 826,034 349,099 (8,986) (5,456) 931 988 (186) 70,367 20 9 (15,646) (323,285) |
|
| 802,167 91,722 |
|
| Cash flow At 31st December 2023 2,490 290,280 |
The notes form part of these financial statements
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Friends of Westminster Memorial Hospital
Notes to the Financial Statements for the Year Ended 31 December 2023
1 ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
Grants offered subject to conditions which have not been met at the year end date are noted as a
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over it1s useful life.
Land and Buildings owned by the charity is revalued every three years in order to maintain an accurate
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
Taxation
The charity is exempt from tax on its charitable activities
Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Cash at Bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will
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Friends of Westminster Memorial Hospital
Notes to the Financial Statements (continued) for the Year Ended 31 December 2023
1 ACCOUNTING POLICIES (continued)
Investments
Investments income and revaluation is accounted for in the period in which the charity is entitled to receipt.
Governance costs
These include costs attributable to the charity's compliance with constitutional and statutory requirements,
| 2 DONATIONS AND LEGACIES Donations and Grants Legacies Gift Aid Income Subscriptions Non Cash Donations |
2023 2022 £ £ 18,189 22,325 6,000 25,404 2,668 2,540 8,285 8,329 805,490 315,149 |
|---|---|
| 840,632 373,747 |
In the year to 31 December 2023 a Non Cash Donation was received in respect of Pepperell. In the year to 31 December 2023 a Non Cash Donation was received in respect of 1 Abbey Walk. In the year to 31 December 2022 a Non Cash Donation was received in respect of 1 Abbey Walk.
3 OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | |
|---|---|
| Fundraising events Rental income Sales income INVESTMENT INCOME Dividend income Interest receivable |
2023 2022 £ £ 3,703 214 14,500 12,000 2,933 2,183 |
| 21,136 14,397 |
|
| 2023 2022 £ £ 7,791 4,578 1,195 878 |
|
| 8,986 5,456 |
4 INVESTMENT INCOME
Page 17
Friends of Westminster Memorial Hospital
Notes to the Financial Statements (continued) for the Year Ended 31 December 2023
5 EXPENDITURE ON RAISING FUNDS
| Investment property fees Investment portfolio fees Costs of fundraising events 6 DIRECT COSTS OF CHARITABLE ACTIVITIES Grant funding of activities Other costs Governance costs |
2023 2022 £ £ 20,601 11,733 931 133 2,586 908 |
|---|---|
| 24,118 12,774 |
|
| 2023 2022 £ £ 13,421 23,679 3,729 2,914 3,703 5,284 |
|
| 20,853 31,877 |
Independent Examination fees of £1,300 are included within governance costs (2022:£1,614)
| Grant analysis General expenditure Newspapers ArtCare External Physio session Equipment Wheelchair |
2023 2022 £ £ 2,888 23,679 3,000 - 4,680 - 519 - 1,815 - 519 - |
|---|---|
| 13,421 23,679 |
7 TRUSTEES REMUNERATION AND BENEFITS
There was no Trustees' remuneration or other benefits for the year to 31 December 2023 nor for the year
Trustees' expenses
No trustees have received any reimbursed expenses or any other benefits from the charity during the year
Page 18
Friends of Westminster Memorial Hospital
Notes to the Financial Statements (continued) for the Year Ended 31 December 2023
8 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
All funds are unrestricted
| All funds are unrestricted | |||||
|---|---|---|---|---|---|
| INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Other income TOTAL EXPENDITURE ON Raising funds Charitable activities TOTAL Net gains on investments NET INCOME TRANSFERS Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted 45,680 14,397 5,456 150 65,683 3,796 23,331 |
Restricted 328,067 - - - 328,067 8,978 8,546 |
2022 Total funds £ 373,747 14,397 5,456 150 393,750 12,774 31,877 |
2021 Total funds £ 409,074 17,840 2,658 - 429,572 11,017 294,223 |
|
| 27,127 | 17,524 | 44,651 | 305,240 | ||
| 20,974 59,530 5,340 64,870 1,209,666 1,274,536 |
- 310,543 (5,340) 305,203 20,409 325,612 |
20,974 370,073 - 370,073 1,230,075 1,600,148 |
16,696 141,028 - 141,028 1,089,047 1,230,075 |
Page 19
Friends of Westminster Memorial Hospital
Notes to the Financial Statements (continued) for the Year Ended 31 December 2023
| 9 TANGIBLE FIXED ASSETS COST At 1 January 2023 Additions Revaluations At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 |
Freehold Property £ 1,153,333 800,000 - |
|---|---|
| 1,953,333 | |
| 1,953,333 | |
| 1,153,333 |
Tangible fixed assets comprise of Chantry Fields, I Abbey Walk and 2 Abbey Walk. The land at Chantry Fields is
| 10 INVESTMENTS Shares Cash held in investments |
2023 2022 £ £ 200,073 191,965 1,816 1,062 |
|---|---|
| 201,889 193,027 |
11 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors Prepayments 12 STOCKS Stocks |
2023 2022 £ £ 5,361 4,099 - 1,076 |
|---|---|
| 5,361 5,174 |
|
| 2023 2022 £ £ 185 206 |
Page 20
Friends of Westminster Memorial Hospital
Notes to the Financial Statements (continued) for the Year Ended 31 December 2023
13 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |
|---|---|
| Other creditors Accrued expenses |
2023 2022 £ £ 713 3,165 23,024 36,217 |
| 23,736 39,382 |
14 MOVEMENT IN FUNDS
| At 1 January 2023 |
At 1 January 2023 |
Income (including gains and losses) |
Expenditure | Transfers | At 31 December 2023 |
|
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | ||
| Unrestricted | ||||||
| General | 1,274,536 | 858,218 | (40,382) | (70,000) | 2,022,371 | |
| Restricted | ||||||
| Marketing | 15,660 | - | 1,722 | - | 13,938 | |
| Community Rehab Team | 809 | - | - | - | 809 | |
| HEVA | - | - | ||||
| Minor Injuries Unit | 348 | - | - | - | 348 | |
| Diabetic Eye Test | 2,377 | 1,398 | - | - | 3,775 | |
| AGM | 791 | - | - | - | 791 | |
| Media Project | 240 | 1,233 | 1,473 | |||
| Garden | 100 | - | 100 | - | - | |
| Appeal 2022 | 2,910 | - | - | - | 2,910 | |
| Appeal 2023 | - | 2,432 | 74 | - | 2,358 | |
| Continuous Vital Signs Monit | - | 2,900 | - | - | 2,900 | |
| Reception Refurbishment | - | 400 | - | - | 400 | |
| Staff Use | 722 | - | 140 | - | 582 | |
| Physio | 550 | - | 10 | - | 540 | |
| Arts and Crafts | 200 | - | 200 | - | ||
| Toiletries | 75 | 64 | 6 | - | 133 | |
| 1 Abbey Walk | 300,830 | 5,490 | 2,336 | 70,000 | 373,984 | |
| Total Restricted | 325,612 | 13,918 | 4,588 | 70,000 | 404,942 | |
| TOTAL FUNDS | 1,600,148 | 872,135 | (35,794) | - | 2,427,313 |
Page 21
Friends of Westminster Memorial Hospital
Notes to the Financial Statements (continued) for the Year Ended 31 December 2023
14 MOVEMENT IN FUNDS (continued)
| Comparatives for movement in funds Unrestricted Restricted Marketing Community Rehab Team HEVA Minor Injuries Unit Diabetic Eye Test AGM Media Project Garden Appeal 2022 Staff Use Recliner Physio Arts and Crafts Toiletries 1 Abbey Walk Total Restricted TOTAL FUNDS |
At 1 January 2022 Income (including gains and losses) Expenditure Transfers At 31 December 2022 £ £ £ £ £ 1,209,666 86,657 (27,127) 5,340 1,274,536 15,660 - - - 15,660 809 - - - 809 1,000 - (1,000) - - 410 30 (92) - 348 1,500 877 - - 2,377 780 480 (469) - 791 250 - (10) - 240 - 100 - - 100 - 9,121 (6,211) - 2,910 - 1,085 (363) - 722 - 400 (400) - - - 550 - - 550 - 200 - - 200 - 75 - - 75 - 315,149 (8,979) (5,340) 300,830 |
|---|---|
| 20,409 328,067 (17,524) (5,340) 325,612 |
|
| 1,230,075 414,724 (44,651) - 1,600,148 |
Marketing - Funds bequeathed for that purpose - in promoting the hospital.
The Minor Injuries and Integrated Community Rehab Team Units are two departments at the hospital and
Hospital Electric Vehicle Appeal (HEVA) - An appeal was created to help fund the purchase of a new electric
Diabetic Eye Test - Money has been received for the purpose of funding a diabetic eye test machine.
Annual Meeting - A grant was received for the purpose of holding the Charity's Annual Meeting which due to Staff Xmas - Monies were received for the purpose of contributing towards the staff Christmas.
Media Project - A donation has been received towards the proposed project to supply enhanced
Page 22
Friends of Westminster Memorial Hospital
Notes to the Financial Statements (continued) for the Year Ended 31 December 2023
14 MOVEMENT IN FUNDS (continued)
Garden - Monies have been received for the purpose of contributing towards work on the garden.
Appeal 2022 - Money was donated for the Nordic Treadmill and Minilift 200.
Appeal 2023 - Monies from the general appeal included the final £1,300 grant from Gillingham, Mere and
Reclining Chairs - The Hospital required reclining chairs for the Wards and money was donated specifically
Reception Refurbishment - For the refurbishment of the Hospital reception area.
Physio - Money donated for use in the Physiotherapy Department.
Arts and Crafts - Money donated for Arts and Crafts materials for the patients.
Toiletries - Money donated for toiletries for the patients.
Staff use - Money donated for the benefit of staff.
1 Abbey Walk - Dorset Healthcare Trust - Release of current retained funds originally for work on 2 Abbey
15 ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Fixed assets Current assets Current liabilities Fixed asset investments Current assets Current liabilities |
Unrestricted Restricted Total at 31 December 2023 1,953,333 201,889 2,155,223 92,774 203,053 295,827 (23,736) - (23,736) |
|---|---|
| 2,022,371 404,942 2,427,313 |
|
| Unrestricted Restricted Total at 31 December 2022 1,153,333 193,027 1,346,360 160,585 132,585 293,170 (39,382) - (39,382) |
|
| 1,274,536 325,612 1,600,148 |
Page 23
Friends of Westminster Memorial Hospital
Notes to the Financial Statements (continued) for the Year Ended 31 December 2023
16 RELATED PARTY DISCLOSURES
There were no related party disclosures for the year ended 31 December 2023 nor the year ended 31
Page 24